there. and reeg thinks it's persistent. >> thank you and that will do it for "the exchange." coming up on "power lunch" they'll talk to venture capitalist about the swings in robinhood and the return of the meme trade over to tyler mathison and courtn courtney private companies added far fewer jobs last month than expected is it a sign of a slowdown in jobs growth? what the experts are saying. >> and robinhood rockets the company cashed in on the meme stock movement. now they might be one. retail investors are piling in and volatility has trading halts. and rough waters in the caribbean. wider than expected losses the ceo is here to tell us if its restart plans are being derailed by delta. "power lunch" starts right now

all right, folks glad to have you here with us midweek. the stocks under pressure following that weak adp report the dow industrials down about three quarters of a percent. weighing on the market today general motors the stock one of the worst performers in the s&p after it reported weaker than expected earnings it did raise its guidance for a key profit metric. courtney several big stories today, tyler. the broader market is falling as the adp report triggers worries about friday's jobs numbers. bond yields stumble on the news and spend the rest of the day climbing higher. robinhood joins the meme crowd our reporters are all over these stories. we will start with steve liesman on jobs. good afternoon, steve. >> reporter: a big disappointment with private payrolls rising less than expected 330,000 or so compared to an

estimate of 653,000. if you look at the report you see the report for friday, by the way, of 850,000. services up 318,000. that was less than half the number we got in june. daniel silver said this may suggest the friday report is not going to be as expected. it may cause some people to lower their forecast for the friday report. looking at the individual sector, it did well, as you might expect, but the 130,000 is well below what you need in order to get to a better place 64,000 for educational services. that may be something that ends up being a bit of an upside surprise, an ace in the hole

adp will not capture what happens in education and health services financial activities rounding out. a lot of cross currents. two alternative data sources, ukg and home base also weaker this month than in june. ism services beating on the top line it's been tough to forecast jobs through the pandemic no single piece of data has been immune from deep embarrassment, certainly not adp. >> i was thinking as you were showing some of those numbers, i think an increase of 36,000 in the trade and transport. we talked about how there is a shortage of truckers and everything going on with the supply change. how much noise could be in the number where it's not the jobs aren't available but, again, the people aren't available to fill them are we looking at the data in the right way? >> reporter: courtney, it's a profound question you ask. we don't know is it a demand

problem or a supply problem? i would certainly take the supply problem above the demand problem. you don't want an economy that's too weak to hire people. if you had to have one of those two problems it's better to have the problem where there's so much demand. i will say there is some data suggesting the high unemployment is not the reason why people have stayed on the slings. the states that let those extra benefits expire had lower job growth than those that had them. >> that's very interesting >> steve liesman reporting we'll see how all this affects the big fed gathering out in jackson hole later this month. that jobs number sent bond yield tumbling again the ten year is back around 1.2%, rick santelli joins us now. what does your crystal ball tell you? >> reporter: it's a tale of two numbers, tyler as steve pointed out 330,000 was

a huge disappointment on adp and jobs, jobs, jobs is what it's all about. the second thing is the service sector and the service sector rang the victory bell. it started out in 1997 let's go to day one and the highest on that chart gave us a big u turn to the white board in july of 2020 if we dipped down to 112.5. but once we saw the service sector, boom, it bounced along with the other markets very close attention to the jobs side we have lots of logistics going on big hedge funds. it takes months and months and months to assimilate positions and the way they come off is important. this was a catalyst.

if you consider bunds and tens both flirting with fresh six-month low yields today's midpoint is right around 1.1 1.17 look for slightly higher yields even though the medium bias is for lower rate we close under that 112.5. >> wow, 1% >> rick, thank you for breaking that down. robinhood stock up more than 75% from where it closed on its ipo day, just last thursday. to kate rooney for a look at what's going on with the stock kate, explain it to me what's happening here? >> i know, quite the turnaround. it touched $85, more than double where it debuted today is the second most traded up name on the nasdaq behind

amg. it was halted for volatility and surpassed trading volume you put that in context almost as much as tesla, more than apple or amazon. one thing that's driving this, a lot of lockup periods for certain investors. fewer shares are available to trade. another factor, the most mentioned stock on reddit. courtney >> kate this is interesting. with gamestop there was high short interest that attraction the reddit traders that's not the case. training is part of it what else should we understand >> it's a great question >> those redditers are drawn to

the highly shorted stocks. the day traders tried to band together and stick it to the hedge funds. that does not appear to be a factor at least today. after an ipo short selling tends to be muted because of the lack of shares to borrow. it's possible but extensive as well to do so. i talked about this earlier. they say about 10 million shares of robinhood borrowed in order to short right now it seems like a high number. it's not really moving the needle there is a little bit of short side activity. it is not changing the picture today. it's really the long side driving a lot of the volatility that we're seeing with robinhood. >> all right, thank you very much, kate kate rooney reporting trying to untangle the mystery that is robinhood and the meme stocks.

so is robinhood the newest meme stock or does this week one rally have staying power rick, you're going to have to explain a lot to me here i heard one of the traders an hour or so ago say if you peel away the action today, which is mostly on the long side, that what you're looking at -- and he had been in and out of the stock a couple of times yesterday and today. it is a classic short. is it or is it not >> i think it's not. i think it's really hard to short the stock. options started trading today. there's going to be such tremendous volatility. this is the ultimate meme stock, the platform that allowed the meme stocks to have traded on, and i think trying the shortest stock with this much volatility is a really scary proposition. >> a scary proposition so it feels to me like this is a meme stock which means it's a trading stock.

is this an investable stock? in other words, buy it and invest in it, or is it a trader's stock >> it's a traders stock for now. we're not even through the lockup period. will have to go through the absorption of the shareholder transition from private to public markets will create volatility i think at this price it's hard to believe that this is the financials bear it out but at the same time what you're seeing is to a certain extent robinhood is a trading platform for this generation just like every other platform for staying and instead of going to the marriott you're going to an airbnb, robinhoods and publix will be the future >> disruptive technology i hear you saying there.

when we put up a chart like that it says 53% today. what is the miranda warning you would attach to this stock >> it's definitely buyer beware. we thought it was a blip around amc and gamestop the volatility was there for so long i would not be putting my children's college tuition into robinhood. i think what you're able to say if you have something you can put aside, hey, i'm going to play this stock as an optionality that have limited down side but a lot of upside, whether it be volatility for the options or owning underlying stock, that might be something you do i wouldn't make this the core part of anyone's portfolio >> this stock just became public

but it is a trading platform at its core quite a story with its most recent history and all of the redditers and the meme stock craze, but it is a trading stock. any ripple effect to platforms, the charles schwab companies of the world aor is this a case al by itself? >> i think this is the voice of the new generation you think about robinhood, what sofi is doing. we're seeing it in financial institutions individual banks are becoming digital with platforms like chime. you're seeing this generation of investors, savers, traders wanting to have their own platform that is are digital first. and that's where the massive

disruption is coming from. the companies have been around for a couple years but more to the beginning than the end >> a final quick question. what does it mean to be a meme stock? >> i think being a meme stock means there's little pieces of information whether being available on reddit or how people talk about you on twitter where you're trying to catch a little bit instead of being fundamental in trading a stock or holding it for the long term, get in and out or capture lightning a bottle having something that attracts attention to the upside or down side most people still believe if you're going to own a stock you should look at the fundamentals. >> i think the dollar volume in

reddit was larger, so far, than virtually every other stock except amd and so on and so forth they're moving on chatter not on fundamentals, right? >> still an early trend but underrated it's not just a few kids trading with options this class and generation have a fair amount of capital and they really want to deploy it behind things they believe in that they see. this is why more companies take advantage of having a direct to consumer platform. i think you will see this volatility continues as the generation gets deeper involved in the stock market. >> rick heitzmann, thank you

>> i'm still not sure you want to be a meme stock today you do >> a meme but not a meme stock. >> depends on the meme coming up, the ceo of royal caribbean, we'll ask him about the delta variant's impact and if it's altering his plans to get more ships sailing again as stocks fall we'll talk to a money manager buying opportunities into surprise investors. advanced micro at the top of this board of more than 6% robinhood up 52% if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades.

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cheer on team usa with xfinity x1. say "show me the olympics in 4k" so you can watch in stunning 4k ultra hd. welcome back to "power lunch. i'm kristina partsinevelos kraft heinz expects near term margin pressure due to higher ingredient prices as well as cost inflation if we take a look at some of these peers for kraft we see a common trend just over the past three months or so in names like campbell's soup down double digits in that time as inflation concerns have persisted throughout the summer. back to you. >> i love a good bowl. >> that and kd which is kraft dinner in canada >> we call it mac and cheese

meantime, royal caribbean's quarterly loss is sending the stock lower for a seventh straight session the company lost more than $5 a share and missed estimates by nearly $100 million as bookings were slow to recover despite reporting a modest impact from the delta variant royal caribbean expects to have 80% by the end of the year and 100% by the spring so joining us now is cnbc exclusive, chairman and ceo richard fain thank you so much for being here i know it has been a tough go for the cruise industry because of things that were out of your control. you've done the best you can you are still behind your original estimates to when you thought you would have full fleet operation. you are at 42% and you think even with the delta variant 100% for the spring >> oh, yes it really has been amazing while there was hope earlier in

the year and not many people updated their forecast, once it became clear this was a longer lasting thing we actually were wondering whether we would be able to operate by the end of the year we are ecstatic we've been able to start operating in the united states in june 62% of our capacity operating. this is actually for us a significant improvement over what most people were expecting. >> obviously you had to do a lot of liquidity since march of 2020 $13 billion through bond

issuances and liquidity of about $5 billion what is your long-term plan to take care of that debt >> well, i think the finance team did an amazing job to raise that money in a time we had a business with zero revenue and people weren't sure when it would start and we've started the process with dramatically cheaper debt and once we get the ships going and the fly wheel moving our cash flows are amazingly strong. it's a very capital intensive business the corollary to that is that it also generates a lot of cash to pay down the debt. i think what we see happening we've gotten through our liquidity issues we're now in a good liquidity position with over $5 billion in cash and we are now in the process of replacing the ex expensive debt with cheaper debt and the cash flow to pay down

both >> you cite the idea you will have full capacity back by the spring of next year or two-thirds is what you said. let me ask you this. the ships are one thing. the number of passengers on those ships are quite another. at what level of passenger capacity are you operating today and how soon do you expect to have passenger capacity back to 100% >> well, we're very cautious we want our guests to love it. we want them to go back and talk about it we're starting every ship with low capacity low occupancy and we're building up probably operating next month at 10% higher load factors on the same ships than this month >> we've limited ourselves to

35%. we want to make sure we're operating carefully. each ship now, which has been idle for a year and a half, is like opening a new ship. we need the crew to get acclimated to it, understand it and make sure we're operating in the right way. and then we'll begin to open the floodgates we'll be cautious about doing that by next year we're looking at a very healthy year. >> before we let you go, i have a double question about what your requirements are if you have any for vaccines for your travelers and then how you're making sure you comply with the different ports where you dock and what those requirements may be >> well, i'm glad you ask that everybody back into where they should be and what's special about the cruises we can control

our environment so much better than any place you can on land our crew members to be fumly vaccinated and almost every case requires everybody who can get vaccinated to get vaccinated. and the result is everybody onboard is vaccinated. children can't be and so they're not and that's our biggest exception. but even there that's coming down in august anybody who is 12 years old and older will have to be vaccinated as the vaccines get authorized for younger people we will extend that, too. >> that's been the beauty of what we've been doing, essentially the bulk of people onboard are vaccinated if there is a case vacations are

impacted >> if you go to a din port, a different country, what are you doing to make sure you're complying if there's rules for passengers getting off ships and getting back on? >> that's what's so beautiful about the cruise ships because almost everybody is vacc vaccinated everywhere we know it's a highly vaccinated group we go beyond that and in many cases we, in effect, extend the bubble you take local tours that are vetted to meet our requirements. usually everybody they work with is vaccinated. the bubble is extended or they have more free >> thank you for being here with us i know you have to work through an awful lot

richard fain >> great to see you, richard still ahead, airlines down big. delta fears threaten another travel slowdown. delta the virus, not the airline. should you buy a dip in these stocks your stream particular to earnings why digital growth will be the big difference for media companies and analysts ready to shine from the inside out? try nature's bounty hair, skin and nails gummies. the number one brand to support beautiful hair, glowing skin, and healthy nails. and introducing jelly beans with two times more biotin. millions of vulnerable americans

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welcome back i'm rahel solomon. here is your cnbc news update. the white house says there are no plans now for covid vaccine booster shots, though it's not endorsing the world health organization's call for a moratorium on additional doses until at least the end of september. the call is so more doses can go to poorer nations where many haven't received their first shots. >> we feel that it's a false choice and that we can do both we announced just yesterday we hit an important milestone of over 110 million vaccines donated to the world that is more than any other country has shared combined. we made clear that is the

beginning. san francisco health officials are allowing hem people who got the johnson & johnson vaccine to get a second shot of the pfizer or moderna if requested after consulting with a doctor stressing it's an accommodation not a rule change. president biden will hold an event with chief executives to promote electric vehicles. the companies are expected to announce they're working to have electric vehicles account to 40% to 50% new vehicle sales in 2030 you won't see any evs in the auto show later this month or anything else because it's been canceled the rise of the delta variant and city restrictions put in place to fight it prompted them to pull the plug back to you. initially the event was in the spring they moved it to augment now they don't feel like the show can go on. >> wow that is a real retreat so many of us thought we were out of the woods on this and going back to normal it is still anything but

let's take another check of the markets. thank you, rahel the dow is roughly 50 points off of its session lows down 272 right now. s&p also off its lows. the nasdaq with a modest gain of about a third of a percent and time for today's "power movers." novavax striking a deal with the eu to secure up to 200 million doses of the company's covid vaccine. >> and next, camping world beating earnings and rech knew estimates and increasing its buy back program baird upgrading higher to 6% >> a lot of people want rvs to go on trips. and finally nikola bouncing back the growing legal issues surrounding its founder still down 24% for the week but higher by 5% today. >> that story gets more complicated. ahead, we'll speak to one analyst who says the surging

delta variant won't stunt u.s. growth >> the next stop in our powerhouse road trip we will discuss whether the red-hot housing market shows any signs of slowing down. we'll take you to a mystery city in the mdlide west see if you can guess i ♪ ♪ ♪ ♪ more diverse thinking leads to more unexpected, more thoughtful solutions.

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it's wireless so good, it keeps one upping itself. the oil market is closing for the day down more than 3%. let's go over to pippa stevens at the cnbc commodity desk oil dropping for a third straight day today after the weekly inventory report showed a surprise build this comes as traders worry demand could drop amid a spike in covid cases wti is at $68.22, down 3 1/3 percent. it is the lowest since july 20th brent crude is at $70.45 for a loss of 2.7% crude stockpiles rose 3.6. a million barrels last week. traders were expecting a draw of 2.9 million barrels so definitely some disappointment this wti down more than 7% over the

last three days putting it on pace, tyler, for its worst week since october. back to you. >> pippa, thank you very much. as the dow and s&p come under pressure our next guest says he's finding opportunities in sectors with strong organic dividend growth, energy and financials let's bring in the founding partner and cio. jack, why don't you tell us some of the names you like in these areas and why. i get the dividend play. i get the idea that they have not been the most favored assets in the past year or so >> sure. the premise is we aren't going to get as much evaluation expansion that we enjoyed over the past given that interest rates are as low as they're going to get relative to inflation. if we have to rely on organic growth, a company like exxon mobil, its earnings yield, the price you pay for the next three years of earnings roughly 8.2%

yield. add another 6.1% dividend yield and you're looking at essentially an embedded growth rate of 14.3%. so i would call that a no news is good news holding the same thing with chevron. not quite as aggressive but 7.4% earnings yield 5.3% dividend yield for a total of 12.7% organic growth rate built in >> why do you think bond yield, you talked about as low as they're going to go or maybe they break the 1% barrier, why are bond yields as low as they are given the fears of inflation? >> i think some of it is the fed. the fed owns roughly 30% of the tips market. tips really drive a lot of the real rates the fed still continues to buy

$120 billion of bonds month in and month out. i think that has something to do with it. i think the fact the fed does have a track record of tamping down inflation over time i don't think we're worried inflation will run away. i do think with real rates at 1.2 or something like that in the ten year, we've never seen anything like that and now real junk bond yields are negative which i've never seen in my career in fact, it's just never happened >> jack, if we can go back to some of the picks, that suggests you think economic activity will continue to be strong am so you're not worried about the delta variant? you don't think that will impact names that really rely on economic growth moving forward full steam >> i don't the work that i've done not

withstanding the results we've heard from provincetown and other places about the vaccinated, the work we're doing suggests really this is about the unvaccinated and the share of the country that is unvaccinated if you look at the uk, roughly having trailed us early in the year, now about a month ahead of us in terms of vaccinations, they opened up their entire economy in mid-july and now they're seeing actually a fall largely because their vaccination rates are now in the 70 plus percent range. we just crossed 70 i expect we're probably about a month behind the uk and i would expect our infection rates to fall as well >> jack ablin, your picks all down about 2% or so in the energy patch, so if you want to buy your thesis, maybe you get

it on sale today thanks very much for being with us after the break, airlines struggling over the past three months as the delta variants spread, are more declines on the runway? our traders will discuss that next plus, check out the names reporting earnings after the bell today that includes booking holdings age before beauty? why not both? visibly diminish wrinkled skin in... crepe corrector lotion... only from gold bond. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed

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you know that sound, everybody. you know what it means it means trading nation is coming right up. welcome back to "power lunch." the past three months have been nothing short of turbulent for the airline stocks how could we avoid that word double digit losses as the delta variant fears escalate are these trades worth a look? j.c. o'hara and steve of federated hermes are your trading nation i put a french spin on that. >> i don't mind.

talk to pea me about what you're seeing in airlines are they a buy now >> they've sold off on delta fears. with some of the new masking mandates there's opportunity for volatility over the next couple of weeks and even a month or so. delta has not either in india or the uk or the u.s. resulted in outcomes of hospitalizations or deaths at the initial of a year ago. the spikes were roughly 50 days long we expect in the coming weeks we will see a peak in the united states in terms of those delta infections we would expect to see the airlines respond positively. a second opportunity here to buy the reopening trade we think

there's a real positive risk/reward at current prices. >> all right what do you say? >> tyler, the technical setup for the airlines is pretty bad the majority of the names are down 20% from recent highs the etf is in a bear market. there is some support. it's sentiment that matters. i drew a few arrows that along with the new case count curve and we can see when there's a max fear around the virus. sentiment is hard to pinpoint in real time. we will see a very attractive

entry into the airline space >> i will take that as two yeses on the airlines. maybe a little qualified but all good thank you very much, gentlemen we appreciate it where did they go? they were so quiet >> they were just speechless >> rendered speechless "trading nation. for more go to our website or follow us on twi twitter @tradingnation up next our powerhouse road trip will stop in cleveland, ohio that's the mystery city. ohio the lowest inventory in the country and houses are flying off the market by the lake and now the latest from tradingnation.cnbc.com a double top suggests an up trend might be ending and ready to reverse sometimes calls an m formation

because of the way it looks on a chart, a double top consists of two well-defined peaks that are approximately the same price traders often view a break as a bearish signal

is the hot housing mark at a turning point? many are asking about this key part of the economy. focusing on cleveland, ohio, where according to zillow the number of days a house sits on the market is one of the lowest in the nation. joining us with her on the ground view is a estate broker with howard hannah real estate services oh, so great to have you here p. i know >> give us an example of how the real estate market is playing out in cleveland just how hot is it >> i'd say we're seeing historically low numbers it's always quieter in july and august seasonally, but right now, we're seeing lifetime lows, and across the boorksd thing bor selling in a day or two. >> you're referring to the number of days things are selling or the inventory online? >> we do not have enough

inventory for the demand that we have >> and are buyers demanding everything from small homes to large homes with all the extras or is there a very particular demographic of the market that is really the hottest in the cleveland area right now >> i'd say the under 500 is what's selling in multiple offers with very quickly people are living differently right now. pools have become a big ticket item in demand and hard to come by we recently had a home that sold in two days with over 30 offers. >> let's look at that first time was 31584 in avon lake look at that oh, pretty tell us a story. listed at 399 and it went above that >> absolutely. we had 30 offers in two days we probably could have had ten more, and it sold for $478

had a pool in the backyard which was a big ticket item, but it sold, you know, turn-key move in everyone is looking to not do any work >> where do you put all the people's junk when you show a house like this? we've got junk let's say >> a lot of stuff. >> where do you hide it? >> clear the clutter >> yeah, i mean, basements and storage spaces, you know, i say fill to the gills but we'll make the show space look good and this house made it easy for us >> i have a question in all seriousness. i'm from ohio but i live out here in new york and there have been a decent number of my friends now that many of us are working remotely that have serksd i don't want to pay he's high real estate prices of new york going back home are those the buyers you're seeing are you seeing people leaving big cities or are these people taking the opportunity to move up, get more space because we're doing so much more at home who is buying these houses and putting in hirt offers in two

days >> we're seeing a lot of people from the area come back to cleveland. you know, whether they are living in chicago, new york, philadelphia, they are leaving the big cities and recognizing the value of a smaller town and the suburbs are trending quite well, too. people want outdoor space because they're spending more time at their homes and outdoors and entertaining more. so everything has shifted a little bit and it makes a smaller town look extra -- there's extra value in that. the outdoor space is hard to come by. >> let's have you show us listing two at 37770 center road in avon. this is one you said was at the higher end of the market they asked $1.22 million got a little bit less than that and it ling wished on the market for all of eight days. >> and the higher price ranges they don't move as quickly but this one really did in just a little over a week we have lake frontage here on lake erie in northeast ohio. those are always in demand we have no inventory there

this is not too far from the lake but to have three acres and then it's unique because it has a sports courtwhich is a new way to live. to have your own arena in your backyard >> that's a better scoreboard than in our high school. that is very cool. but i wonder, kim, the sports court can be an attraction to a lot of people. maybe an attraction today. at the same time it would rule out certain buyers who say, i don't need that. my kids don't want to play sports or i don't want to shoot ma baskets. >> it could be used for multiple purposes a warehouse or storage area. there's never enough storage space in these homes so it's a great flex space and definitely doesn't hurt the value >> also what a great party space. >> yes >> kim, thank you. appreciate it. >> she should see my new york city apartment, storage space. >> you look at that. it's on three acres. it went for $1.16 million.

boy, that's not the new york market >> it is not, but ohio is a lovely place very nice people still ahead -- the media giants on deck to report earnings look here. what are the key factors investors are wahitcng we're going to tell you when "power lunch" comes back someone once told me, that i should get used to people staring. so i did. it's okay, you can stare. when you're a two-time gold medalist, it comes with the territory. if you're 55 and up, t-mobile has plans built just for you. switch now and get 2 unlimited lines and 2 free smartphones. and now get netflix on us. it's all included with 2 lines for only $70 bucks! only at t-mobile.

♪ - [announcer] introducing the grubhub guarantee, our promise to deliver your order on time within the delivery window and for the lowest price compared to other apps or you'll get back at least $5 in perks. we are right in the middle of the earning season and investors want to know how much did you sell and how much did you make

but for one group of companies those numbers are not the most important. julia boorstin has more on the number you need to watch for as we hear from media and streaming companies. julia? >> keen numbers to watch are growth and reach of new streaming platforms. that number is in focus because it's a sign of the media giant success pivoting to new digital models when roku reports this afternoon, investors will be watching total active accounts a measure of its reach that's projected to hit 2 million. viacom cbs which reports tomorrow morning faces questions about whether its streaming platforms are subscale now its ad-supported free service pluto is expected to add 5 million active users over the course of the court for a total of nearly 55 million paramount plus and showtime are expected to add 4.5 million subscribers for a total of 40.5 million subs and though lifting lockdowns

raises the risk of slowing growth, we've seen positive signs from the media skwlints. hbo max raised its guidance for full-year subscriber numbers peacock reported 54 million sign-ups, including 24 million active accounts. and discovery has 18 million paying subscribers adding about a million just in the past month. and the pressure is on now for disney it reports next thursday for it to deliver after its subscriber growth fell short of projections last quarter guys >> so let me ask you this. when netflix reported results it warned of slowing growth is that good news for the other streamers? are they picking up netflix's customers? >> not necessarily, tyler. what netflix did when it warned of dramatically lower than expected results in the third quarter is it showed that it really has reached a huge amount of people in the u.s. that are going to subscribe and there's a sense you'll have to spend more money to reach those customers

and 2 just means that everyone is going to be spending more time on content. >> does every media company want to be called a streaming company? yes or no? >> yes and they all are streaming companies. there are a couple of companies that are suppliers for the streaming companies but all of them are involved in streaming these days p.. >> i'm a streamer, too thanks for watching "power lunch. "closing bell" starts right now. welcome to "closing bell." i'm sara eisen at the new york stock exchange stocks mostly in the red following yesterday's record close. the s&p 500. the dow down around 300 right now. the nasdaq holding on to some gains. >> and i'm wilfred frost a much weaker than expected adp jobs number hurting sentiment. just 330,000 jobs added in july versus estimates of more than 650,000. though ism services did top