welcome back to "power lunch," everybody. i'm kelly evans along with eamon javers wages climb and the cyber security industry, as you know, is hiring like crazy they're scrambling to fill half a million positions nationwide on wall street the bulls are in control the s&p hitting another interday high wall street will slow its roll our guest tells us how he plans to profit. inventory is falling, bidding is rising and penthouses are driving demand we will take you on a tour of a special one, "power lunch" starts right now and here is where we stand on the markets, what, about 90 minutes left to go, two hours,

something like that? what time is it? before a three-day weekend the dow is up about 141 points, the nasdaq up 94 we have green across the board all after the strong jobs report we are on track for the major averages keeping an eye on the dow in particular slightly the underperformer today we're watching lordstown under investigation by the department of justice shares are dropping 11%, down around $9.2. some under the radar names are hitting new highs. waters, otis world we are talking about all-time highs in the session today >> and after the double digit gains in the first half of the year people are asking if stocks can keep going the more stocks climb, the harder it is to keep climbing. that's the law of big numbers. so will stocks become a victim of their own success let's bring in bob pisani. >> reporter: it's another new high for the s&p 500, folks, up

nine out of the last ten trading sessions the nasdaq had a new high. the dow just shy of that new high, could close today. here is the problem for the second half. the bulls have the momentum but the math is limiting the upside. that happens typically, but we haven't had even a 5% correction since september. there's no chance to say stocks are a good value now that we've had a correction of 10%. that's limiting the trader enthusiasm another problem is the p/e ratio. it's pricey. 20 times 2022 estimates, that's very high. it almost certainly will not go any higher because of the start of the fed's tapering programs and growing 10% or 12% next year is good it's not going to grow as fast from here on out growth is decelerating but still up the one hope the bulls have to

cling to is the economic expansion will go on longer and stronger but we won't know that for another several months and by then the fed is likely to be a headwind traders don't see a reason to sell immediately it would help to get a modist little pullback and people will say there's a little more in the market >> if there's not a lot of reasons to sell or buy, what should you do exactly? let's ask our next guest the chief investment strategist at cornerstone macro and ron insana is a cnbc contributor. ron, it sounds like you're open to stocks here >> until you get a legitimate

reason to sell, a true change in federal reserve policy and that would come because they are heating up to such an extent it's easy money policies, yes, you sell that could happen for any number of reasons but right now you've got a market that has strong economic growth, inflation indicators that have been troubling. i've been doing so for a couple of months and that takes a little steam out of the necessity or out of the fed's efforts to have to taper here. i'm not sure there's anything in the way of this market other than maybe some temporary exhaustion but they tent to resolve themselves >> michael, you sound optimistic with the 4,500 price target for the s&p. >> absolutely.

>> i think any kind of pullback should be bought people believe the market is expensive. the vgs will decelerate. they don't have bear markets until we see earnings decline and that's nowhere in the visibility here. issues that could weigh on valuations of the market such as inflation, higher interest rates and the fed prematurely tightening we don't think either of those are as much of a growing risk. bond yields have not gone up inflation issues more present earlier are starting to fade inflation will shift to wage growth but that's a positive thing for the economy and for consumer confidence. >> what are you worried about? you talk about earnings not necessarily being a problem.

we saw the lumber prices under control. what are the things that could pop up and maybe surprise us >> sure. i think investors look at the world right now, look at the macro data and think we're at this peak macro environment. all of the data are really strong right now whether it's housing confidence, manufacturing confidence yesterday we got the 12th consecutive months where the new orders index is above 60 we have consumer confidence that is almost back to the prior highs pre-cope indvid. we'll see moderating returns in the market the markets are up a ton and so as we get to this peak macro or high tide environment it's going to become more of a stock picker's market rather than a high beta mark which is what we saw earlier this year.

and so what concerns me is not valuation. i think the market is expensive because of the composition of the index today, so that doesn't concern me inflation issues are transitory in our view. the fed is not changing their framework. they could create, as we've seen, a lot of volatility in the market but so aside from volatility which investors should look for as an opportunity, there's nothing that we see ahead of us. that could hurt markets. >> nothing ahead of us >> clear sailing a quick question on buying yields as we talk about the fed you said this takes the pressure off of them to tighten some are saying the opposite kind of the last piece of the reopening story gives them the green light to go ahead and start the taper but that's what is pressing down bond yields today.

>> well, there's a lot of demand for u.s. treasuries, kelly, coming from overseas buyers, for pension funds rebalancing and demand for what we deem high quality has been strong and the inflation indicators from five and ten-year, from copper, the fact china will release industrial metals to take some of the strong gains that we've seen out of those markets. china itself is tightening credit a little bit. when you see an environment where some of the pressures with the exception of energy are coming off rather meaningfully the fed may start to taper it may slow down its purchase of mortgage bonds which everybody is calling for, nobody is saying anything yet about treasury. i think the inflation environment has reaffirmed the fed's outlook of it being transitory and so i think that's a very

good explanation for why bond yields are so tame wages going up aren't necessarily inflationary it doesn't have to be that way most of the inflation we're seeing came from commodity hoarding some of this passes through the system as we've said on many occasions like a piglet through a python, and we normalize going forward the fed is not necessarily caught in a box of its own making >> thank you both. have a great weekend speaking of bond yields, let's bring in rick santelli rick >> reporter: hi, good afternoon, kelly. a 7:00 a.m. start, you could see do we have a lot of volatility at 8:30 eastern. we had really what was mostly a pretty good jobs report. now if you look at what's going on on a one-week chart, we're down four basis points on the day at 1.42.

we're down ten on the week how important is this area super important. look at a chart that starts in early june you can see on the 10th of june we closed at 1.43. if we usurp that, open the chart up, the lowest close going back to early march the one market that looked great all week is giving it up a bit and that's the dollar index. you'll see as long as it closes what was the breakout this week the close at 92.22 and, by the way, when we look at year over year wages that were up 3.7 -- excuse me, 3.6, we can say it was as expected but consider this, if you take out all the wage gains that are

post-covid and look at pre-covid, we had 3.6 just to give you some context. back to you. >> rick, thank you for the context. news alert on the air industry phil lebeau with the details phil >> reporter: the white house is confirming that president biden will instruct the department of transportation to start working on rules that would require airlines to refund passengers any fees that they pay for bags that are either lost or delayed. the delayed part is important. lost fees have been required that they are refunded by the airline. it's the delayed part that would be new the biden administration will ask the d.o.t. to draw up rules that would require airlines to refund passengers if they pay for wi-fi services on a flight and they don't get the wi-fi people would be able to get their money back and have clearer rules with fees charged for flights when they're booking

ticket guys, back to you. >> potential good news for airline passengers, especially since i will be on a flight this afternoon. coming up the ftc going after broadcom, being charged with monopolizing a key market. details on that are ahead and a brand-new tesla model s plaid catches fire with the driver at the wheel. we'll talk to a tesla watcher who says that's not the only issue facing the company a lot more "power lunch" straight ahead

welcome back to "power lunch. let's get a check on shares of broadcom which are off their lows of the session but after pressure when the ftc charged the company with monopolizing the company ordering the chip maker to stop requiring customers to source components exclusively from broadcom. you can see it's not even that bad despite the news >> down less than 1% and we'll continue to see whether that will affect the way it deals with customers for something that is already priced into the market let's focus on the shares of tesla today, eamon what a story this has been >> the automaker reporting over

2,001 deliveries, roughly in line with what the street was expecting. this as an investigation into a fire involving tesla model s-plaid sedan. shares still down 3% this year but jumping double digits in the last month an auto and tech reporter for "the wall street journal" as well as a cnbc contributor and phil lebeau is back to discuss this news. phil, you're our guy on this what do you make of this number? debate whether this was a beat, a miss, what was it, phil? >> reporter: i would say roughly in line with expectations. if you go by one estimate that was out there, the company was expected to deliver, i think, 2,181 vehicles it's a meet. they basically hit the mark there. there were some estimates out there that did not have as many analyst forecasts, 207,000 you saw headlines saying they

were a little shy of expectations whether it was 200 or 210, it's in the ballpark. nobody should get too upset whether it's a meet or a shy or a beat of expectations >> tim, tell me whether you think there are supply or demand issues, if there are enough people who continue to drive the growth >> the second quarter is supply chain management of those microchips in the cars a lot of companies struggling to get it and tesla was able to get some chips out you have to be in the game to win the game they did it. toyota did it. 73% rise the last quarter. these are the two gold winners of the second quarter and rather

remarkable when it comes to supply chain management. stranger things. that wouldn't be the case a year ago. >> tesla's a unique company. we do it on the national news. other companies, their car burst into flames, we don't necessarily get to do it but this was dramatic. we saw the pictures of this car that looks like it's absolutely melted down and we know tesla has a history of these intense fires that are difficult for the fire departments locally to deal with phil, i have to confess i bought one cheap enough for me to afford i'm worried now driving it around and my son is driving it around are these cars safe? do they burn more intensely? are we making a mountain out of a mole hill? >> a lot of those things the answer is yes. first of all, is it safe

in terms of fires, if you look at the number of fires reported by an electric vehicle versus an internal combustion vehicle powered by gasoline there's no comparison at all. does it make you say wow yes. the lithium ion battery pack is not something you can put out if you're a fire department just like that. you said that tesla, these fires burned more intensely, it's all electric vehicles not just tesla. it's all electric vehicles because they're ion lithium batteries. this is an issue that is going to dog tesla and other companies as they're making electric vehicles people may not feel safe to a certain extent it will be there. what cause this had fire a lot of these tesla fires have been caused by a crash which then you have the battery pack that is punctured that sparks a fire the driver said he was just driving when it caught on fire

>> tim, that's what's so interesting. you're talking about an electric car, it burns in a different way, it hand unless a different way. you have huge gallons of highly combustible material onboard this seems like a pr problem and strikes me as particularly difficult because they don't have a pr department as a journalist, how do you see this problem playing out for a company that doesn't like to talk to the press? >> there's two really big risks. first of all, the owner of that car has some very powerful, very high-profile lawyers involved in the case geragos and tesla, one of its biggest asset is that public opinion. if elon musk starts to feel threatened here that this is hurting the company's clout and reputation he will start

swinging back and we could likely see a public brawl and that brings in risk number two, a huge distraction 2021 is all about execution. the first half is getting the model y in china and the results clearly show things are working there. the second half are these new factories online one in texas and germany texas doesn't have the greatest reputation when it brings out new product. >> thanks for joining us today >> just curious, which do you have >> i bought the tesla 3 in gray, the cheapest possible one they make, and it's fun to drive. i have to admit. up next, a clash in the cosmos sir richard branson announcing he'll be going to outer space before jeff bezos. plus, help wanted. companies across the country are desperately looking for cyber security professionals from everything providing i.t. support to those working at home to guarding against the ra

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welcome back i'm rahel solomon and our cnbc news update. rescue crews in the collapsed

surfside condo found and removed the body of a miami firefighter's 7-year-old daughter >> we haven't been able to remove any survivors yet it's very difficult. and last night was even more, removing a fellow firefighter's daughter that's what i want to emphasize, the emotion, what we're feeling. as firefighters we do what we do it's kind of a calling we always say that but it still takes its toll >> a star pitcher for the los angeles dodgers has been placed on a seven-day administrative leave by major league baseball as it investigates a sexual assault investigation against him. pasadena police have an active criminal investigation bauer, who won the national league's cy young award last year, had been scheduled to pitch sunday and today the world's top hot dog eaters gather for what's described as the official weigh-in ahead of monday's

nathan's fourth of july hot dog eating contest joey chestnut, you see there, going for his 14th victory kelly, i think the record at this point by joey chestnut is 75 hot dogs, and buns, within ten minutes. >> who cares how much they weigh? >> he clearly knows what he's doing. >> he must run 15 miles a day to work that off. back to markets. we're at session highs the dow is up half a percent the best performer is the nasdaq up 0.7 of a percent today. disney lower on reports from the information that disney plus subscriber growth is flowing sharply. the company reportedly over 110 million total subs in the quarter. >> biotech stock alector soaring. they reached a deal with glaxosmithkline to develop

therapies for parkinson's, alzheimer's and other diseases >> sir richard branson announcing he will fly into space on july 11, nine days before his rival, jeff bezos that can't be a coincidence. here is what the ceo told cnbc >> i plan for richard to be one of our test mission specialists because we wanted him to represent all the future astronauts who are coming. this will be a transformative event they've planned for much of their events and planned for it >> you can see the spike in shares this has been the pattern since mid may. >> straight to the moon. >> and back. >> if anyone can do this, richard branson. he has a supermodel on his back while he's waterskiing i think he can do this, too. >> i don't see any supermodels going up yet >> they've reshuffled the virgin galactic space flight test so he

could be next. 50 days, i think, that they've ever had for a spacecraft. it's a bigger challenge for them >> i want to know if they're going to launch from his private island that would save him on the commute. >> i think we'll find out a lot more ahead, the jobs report showing companies are hiring more workers. is the labor shortage finally starting to ease we speak with former new orleans mayor next plus, a huge weekend for travel are you hitting the road how important will this fourth of july holiday be for the airlines and a new york state of confusion. manhattan real estate prices are hitting record highs at the same time office vacancies are.

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lumber ending the week higher. and 850,000 new jobs added in june. wages rising 0.3%. million more workers are needed to end the labor shortage. will employers need to pay even more the great steve liesman. steve? >> reporter: thank you, and good afternoon. the economy adding those 850,000 jobs but we're still 6.7 million jobs short of where we were before the pandemic and the unknown is whether those jobs are coming back and whether wages need to rise more in order to fill that joe brusuelas says what we have here is a clear case where labor has decided after four decades that the time has come conditions at the bottom of the labor market need to change. practically revolutionary talk from him average hourly wages up 10 cents to $30.40 after gaining 33 cents

the prior two months combined. st stephen stanley says the binding constraint for employment these days is not as typical rather, it is the willingness of individuals to make themselves available for a job. he hasn't seen that in his 30 years on the job little change in the bond market suggests markets don't have too many concerns about runaway inflation and that could be because a few more reports like this one should clear the way for the fed to start easing back on the support for the economy later this year. >> what's the expectation for the timing of the taper? we talk so much about that or for the rate hikes >> reporter: so the best guess on the street is september, maybe as soon as the jackson hole meeting some time in september the fed announcing it will taper later that year or january 2022.

what i see in the market is the first rate hike is priced in now in october 2022. and that's about three or four months earlier than had been before the latest fed meeting. there's still an idea of lower rates and a very gradual easing back >> it sounds like it's like the fed, tell them what you're going to tell them, tell them what you told him what's the way it goes with the news. >> i think you would be a good strategist >> you want to prep them, let them know what's come. >> and remind them what you actually did we've had a lot of ceos tell us about the challenges finding workers. the next guest doesn't think there's a labor shortage at all. the former mayor of new orleans is with us and the president and ceo of the national urban league describe the working conditions

as you see them. >> important news today is that 70% of the skrobs we lost during the covid recession have now come back and also the pace of jobs is five times faster than the last recession of 2008, 2009 and 2010 that's good news on the labor shortage i sense there's a shortage of good paying jobs because this labor shortage is at the lower end of the economic ladder and i think workers, particularly women who are in the work place in many of these jobs have child care concerns, have concerns about if you will, whether they're going to catch covid particularly in low vaccination states and are looking for and maybe holding out for a better paying job or an opportunity which allows them to work from home. we have to follow the evidence the evidence shows that in those

states, for example, that have dropped the enhanced unemployment benefits job searches are no faster >> we've been looking at the evidence come in, mark we've done surveys here at cnbc where there are factors why people may not be comfortable coming back yet. concern about covid or child care in particular, shouldn't those pass by september? >> i think they'll ease and i think that's why it's important to see where we are in the fall. no doubt it takes time for there to be an adjustment in the market i also think there may have been changes. one of your commentators earlier i saw a quote that said after this long-standing problem of wage stagnation at the bottom for many decades and rising income inequality, workers may be saying i'm going to wait for a better paying job, maybe i'm going to go access some training

to see if i can up my skills for a better paying job. i think there's a lot of interest in self-employment, in people starting small businesses and looking for alternatives to working in a job that doesn't pay a high wage and where you don't get regular pay raises we have to pate several more months to look at more data and analysis exactly what's happening. it's reflective but wrong to suggest enhanced unemployment is the reason why workers have not come back and there's also a transition period because, you know, as you mentioned in the fall when schools come back we may see more parents, more mothers, get back into the workforce because now they can >> that point about schools is so important i know in my own life we have four kids at home and just can't

imagine getting back to work and working two full-time jobs as a couple if you have kids at home who are zooming away in their bedrooms and you can't monitor what they're doing that's a huge piece of it. and the wage piece is so important to all of this i wonder if we're framing this wrong. it's not that we have a labor shortage, we have a wage shortage employers are running a pre-pandemic playbook and trying to bring people back in for the same amount they were paying them before the pandemic what do you think it takes for employers to break that mind-set is it possible to break that mind-set the economics of running their own business >> i think your analysis is spot on and i think smart employers will face either pay more wages or i can't meet customer demand so there comes a point where you have to make a hard decision as a business owner

now certainly some businesses may say, well, i'm going to have to pass that on to my customers in terms of higher prices and you may have to do that to some extent i do think it's important for a smart employer to follow what they hear and also to try and increase wages one thing that's so clear as i look around the nation is that people are stretched with higher rents because there's a housing shortage stretched because of child care and the expense of that. and all of these things create a new post-pandemic reality. i think that post-pandemic reality, as you mentioned requires employers and others and policymakers to understand there's bc, before covid, and there's ac, after covid. and this is ac >> all right >> it sure is. >> mayor, thank you for your perspective today. we greatly appreciate it and just two days after going public, didi facing a

cyber security probe in china. details on that coming up next plus, the push for companies to fill more cyber security jobs among the surge in ransomware attacks. uno, dos, tres, cuatro! [sfx]: typing [music starts] [sfx]: happy screaming [music ends]

and take a look, didi shares falling about 7% following that news china will be conducting a cyber security review of the ride hailing company the company will be barred from registering new users during this probe didi telling cnbc it will fully cooperate saying, quote, we plan to conduct a comprehensive examination of cyber security risks and continuously improve on our cyber security systems and technology capacities. this comes just two days after the company went public and follows a string of regulatory crackdowns against tech and crypto firms in china. kelly, so difficult to tell what a cyber security review really means, is it technical, political, is it business or something else >> and is it all just meant for the chinese leadership to say to didi we are in charge and we call the shots even after this big ipo. sticking with cyber as u.s. businesses try to stay one step ahead of the hackers, cyber security professionals are in superhigh demand kate rogers is here to tell us

where the jobs are kate hey there, kelly businesses are beefing up their cyber security teams and it will take a lot of professionals to fill the gap some 3 million workers would be needed globally to properly defend organizations and about half a million jobs are open in the space today. but due to the pandemic coupled with the ongoing labor crunch workers are stretched thin both preventing attacks and responding to the ones that make it through >> if you understand you are going to have a security breach, that you are prepared to do something about it when that happens. it's almost as important as preventing it. >> meg west didn't set out to work in cyber security but decided to change careers in her early 20s after being drawn to the field from political science. she works on ibm's x force, incidence response, where she sees the ripple effect of these threats. >> you have to understand you're not just protecting data and

assets you're legitimately protecting people's jobs. >> isc ceo says there are applicants but they never know if they're going to wind up seeing these people because all the workers have multiple job offers at the same time. it's very competitive out there. back over to you >> speaking of competitive, how much do these jobs pay >> yeah, listening to your conversation, these are good-paying jobs, over $100,000 on average in north america. kelly, you don't have to be a computer geek or have a tech background in particular to do it they are looking to hire about double their workforce in cyber in the next few months and they're looking for people with english major backgrounds who are good communicators are not in the tech speak as their day-to-day so they're looking for all different types of workers with diverse backgrounds and bringing in people from all over the place >> what do we know about the training pipeline? this is a business not easy to get into because there's a barrier to entry

you have to know something about cyber security that's not easy to learn i know in d.c. the big headache the military has they face this brain drain. as soon as they get people trained up they zip off to the private sector because that's where the money is and there's all that demand you're talking about. what do we think companies can do to beef up that pipeline and get more people into this industry >> we asked deloit that same question and they talked about investing in your current workforce and helping them move up the pipeline so that they then have a team they can manage i think that's really important. and, also, just continuing to educate people whether they're new on the job or they've been there for several years and making them -- continue to believe they're a part of this greater mission. meg said she really loves seeing the impact that this job has on all of the companies that they work with day-to-day and knowing she's part of something bigger, protecting not just information about potentially someone's career which i think is really important. >> a real sense of mission >> and with an english major

>> i majored in poly-sci >> i did business journalism >> and here you are so it worked >> kate, thank you very much airlines are mixed with what is a massive weekend for travel is this the time to buy the airlines our traders discuss next sales are down from last quarter but we are hoping things will pick up by q3. yeah...uh... doug? sorry about that. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today.

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biome back to "power lunch." the faa, federal aviation administration, is expecting a major uptick in travel this holiday weekend. what a year it's been for the airlines the etf nearly doubling from the march lows the group prepares for what could be the highest travel volume since early last year how should investors approach these stocks craig johnss and boris of bk asset management craig, are you a buyer of jets >> i am not a buyer of jets. when i look at the technical

setup, we have broken the up trend, and we've also fallen below a 50-day moving average. we need to find support coming up here. i jest note that absolutely they're seeing a surge in air traffic coming back. if you look at the tsan better, they were above where they were, but you're seeing a challenging trend, perhaps airlines are not making this an enjoyable experience, as you're seeing the number of unruly passenger incidents going up it's been more than we've seen in the past 25 years and only halfway through the year from my perspective, the easy money has been trade and now it's time to take money out of jets. >> buy them or ride them >> i like -- yes, they're facing cancellations, they're having delays, but they're standing up, trying to figure capacity, unlike delta and united.

they're the low-cost leader in the industry they have the best balance sheet and long term i think they're create ago very, very strong brand. they're going to take away market share, and i think they're generally going to be a much bigger name, especially because they're not dependent on business travel, as all of this comes backs, i think it will be one that they associate with to me, that's the one trait win jets i would get long and stay long. >> both of you a by carb, but boris picking up southwest today. thank you. head to tradingnation.cnbc.com manhattan real estate prices on battered during the recession now hitting a report is the market back for good? robert frank may have some answers. >> and we're going to give you a tour of the top of the manhattan real estate market and tell you

why penthouse prices are breaking new records, coming up right after the break. energy and now the latest from tradingnation.cnbc.com

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(upbeat orchestral music) (pleasant piano music) welcome back to "power lunch. are cities making a post-panty head -- post pandemic comeback? how about $1.9 million, but office vacancies are still rising and even though people aren't rushing back to the office, the suburban sprawl is showing signs of slowing down, but none of that matters for buyers of a $59 -- >> reporter: this is a market rebound that's being driven by the top and i mean the top the look at penthouse sales, there were 220 penthouses sold just so far this year.

that is far and away a record, brokers saying basicallying this a rare opportunity for the wealthy to get those big spaces, the outdoor spaces in manhattan that they have always wanted. >> we see a lot of people from the west coast finally being able to grab something in new york that was a little cheaper we're seeing predominantly new york city traders buys up, a lot of suburban buyers out in greenwich and westchester, parts of new jersey. so, kelly, as you mentioned, we are at a penthouse. this is on the 90th floor, so over 900 feet up in hudson yards, 10,000 square feet inside six bedrooms, 6 1/2 bathrooms, media room, you're above the equinox, and it's got one of my favorite features. a lot of these people want

outdoor space after going through the pandemic this is the highest terr rae currently on the market in manhattan. views of the atlantic ease in the back, you've got the statue of liberty, and then central park, all of new jersey, the gw bridge, $59 million. that sounds crazy, but a penthouse in the same building that's half the size just sold for $29.5. this just came on the market it's the penthouses now that are selling first in these new buildings, rather than the rest of the building. >> this is what i'm curious about. where you are is a completely unique asset, but for the market more broadly, i'm really interested we have these record-high prices, the rebound is for real. is it happening? >> it appears that way, kelly. i was skeptical this would be a comeback this fast, especially

given what's happening with commercial space and taxes, but the wealthy have a lot of money. the affluent have a lot of money, they want somewhere to spend it and manhattan is still seen as a good -- prices only went down 7% to 10%, so the asset values have held up. robert, i'm just getting dizzy >> do not get too close. what happens in your umbrella blowing off the deck at that height >> if you drop a glass. >> i do drop glasses i am afraid of heights there is no wind, but it is -- the views are incredible if you're like me, you want to stay inside, they're even better. >> thank for you braving it to bring it to us what are you doing

>> that's so high up, 'em just nervous -- he 's afraid of height. >> it's almost the holiday weekend, i have a little tweet i'm going to send. i like doing this on the weekend. >> i get a front-row seat. >> 3, 2, 1 -- there it goes. >> and "closing bell" starts right now. two hours ahead of us. oh, well, welcome to -- >> you're taking off early. >> in fact, we need to discuss washington at 4:55 >> here on the show. for now, welcome to "closing bell." stocks are higher following the june jobs, with the s&p 500 on tract, you guessed it, for another report close. >> happy friday. i'm sara eisen th