lunch. one million jobs created last month. the dow and s&p hitting new highs what is the best way to int invest with the labor market firing on all cylinders. get vaxed or axed united airlines is the first major carrier to impose a mandate. we'll dive into the hot button issue that is dividing corporate america and its workers. a crypto controversy on capitol hill why the bitcoin industry is smack in the middle of an 11th hour hold up on the infrastructure bill. all that and more on power lunch which starts right now courtney, thank you very much and let's get right to the markets. welcome, everybody the dow powering higher following that strong job's report earlier today 900,000 new jobs added and half point higher on the dow right now. s&p and dow hitting fresh records. nasdaq, however, moving in the

opposite direction as you see right there. down about 0.4%. tech stocks under pressure in part because yields are rising that means future earnings are th theiretically worth less almost 1.28 helping bank rates in theory will increase their profitability prospects. borrow low, lend higher. on this job's day, court, take it away. >> thank you very much, tyler. that's right more employers are giving their employees a simple choice. get vaxed or get axed. united airline will require all employees to get the covid-19 vaccine, which brings us to the next question. if you get fired for being unvaccinated, can you collect unemployment we've got reporters on both of those stories. we'll get in a minute but let's begin with phil lebeau who has

more on united's move. >> hi, courtney. united is the first major airline to require its employees, at least those based in the united states to be vaccinated here's what united has announced. all of its 67,000 u.s.-based employees will have to be vaccinated by late september early october. the deadline depends partially on the fda doing full approval of some of the vaccines that have already gotten temporary approval or initial approval there will be religious and medical exemptions on a case-by-case basis those workers not compliant and those who will say i will not get vaccinated will be fired united, again, had 67,000 employees in the u.s we asked the company what's the total number of workers who have already been vaccinated a that company? they're not giving a total for the company, but they did say because of situations like this. this is video here in chicago not too long ago of employees being vaccinated pilots, 90% of them are already vaccinated 80% of the flight attendants are already vaccinated

and they want to get ahead of this given the fact that there is an expected surge potentially of covid-19 variant coming this fall when you see the temperatures cool down. they don't know that for sure, but they have seen what happened last fall and in the winter and when you look at the passenger levels, we've been over 2 million passengers, five of the last seven days. so, we're getting to a point where you're going to see elevated levels. they do not want to lose flights and they want to make sure their staff is protected as much as possible as a result, you look at shares of united, they are telling their employees you have to be vaccinated if you're not already vaccinated the incentive is we'll give you a day off. this is already worked into negotiations with the flight attendant's union as well as the pilot's union. will other airlines follow that remains to be seen. we have reached out to all of them and they say they're constantly assessing their situations nobody has done this yet, courtney keep in mind, this is an industry where what one airline does others typically follow

we'll see if we see other airlines matching what united has done here and requiring their staff, at least in the united states, to be vaccinated. >> that's exactly what i was going to say rare that an airline makes a move and others don't follow even something as simple as bag fees this is more serious than that i expect to hear from others labor seems to be an issue at least on the pilot level for so many airlines and you gave us good stats of the vast majority of the pilots seem to be vaccinated but if this becomes a requirement, is there a worry that they will not have the staff to fly all of these routes that they currently have in service? >> i think they're pretty confident that they'll get at least close to 100%. now, will every single pilot get vaccinated there is a possibility you may have some pilots, a small number that might say, you know what, for whatever reason i have chosen not to do it. and the airline is comfortable with the fact that they may have to, they will lose a pilot or

some flight attendant along the way but they're fairly confident that they'll get all the crews as well as their maintenance folks, customer service and they believe a high percentage will follow through with the mandate. >> thank you very much, phil >> phil, hold on, phil one second if i could squeeze one in, court. my sense there are some exceptions to the united rule for religious reasons and health reasons. what does united require of its passengers >> right now not a irroorequirement to be vaccinated that question has come up to scott kirby and the ceo of other airlines should passengers be required to be vaccinated. the reason you have yet to see any airline say, yes, 100%, all the passengers flying should be vaccinated to fly. it would be a real challenge to ensure that. that you could make sure that everybody is vaccinated. you'd have to make sure that

there is some type of an app and there are some that are already out there where you could upload your vaccination card. that's the big hesitancy within the industry >> all right, phil, thank you very much. phil lebeau reporting on united. many health care companies also telling their employees to get the shot or get gone which has left a lot of people wondering what the states will do with regard to unemployment benefits for people who lose their jobs over this rahill solomon has the details >> companies from block rock and cisco to disney telling employees it's time to get vaxed or else. we just learned today that cnn reportedly fired three employees for going into the office unvaccinated for those still holding out, options appear to be dwindling because if you work for an employee who requires a vaccination and you refuse and

you can find a new job but in the meantime you cannot collect unemployment. >> when somebody is discharged from work, most states will look at whether they were discharged to some type of severe misconduct, which is typically a rule violation if there was a rule in place from the employer that asked somebody to get vaccinated or required somebody to get vaccinated and they chose not to in that case they would be violating the rule >> states do also consider an unemployment claims if the worker had good cause for the misconduct and consider religion or disability but outside of that unemployment lawyers we spoke to say qualifying for unemployment is going to be tough according to the latest cdc guidance 58% of americans got vaccinated against covid and we'll see if this economic incentive encourages more people to get the shot, tyler >> i would think that there would have to be some, as you so right there, some causes for not getting it people do have religious or

other reasons for opposing this vaccine apart from concerns about the vaccine itself, which we'll discuss with mark in a minute there are outs for people who choose not to be vaccinated, usually. >> there are, but they do appear to be few and far between. even in the issue with religion our expert said it has to be a pretty clear, not something very in the weeds about your religion so it doesn't seem to be a lot of wiggle room but states do have discretion with unemployment claims. so you can't say never but, you know, the options are quite few and far between. >> all right thank you very much. let's get more perspective on the vaccine mandate debate and dive a little deeper into what all it means potentially for the economy. mark morio i'm transforming my syllables there. i promise, mark, i'll speak more clearly in just a minute

>> good afternoon, thanks for having me. >> great to see you, sir great to see you you have a very nuanced, maybe not so nuanced but straight forward approach to whether vaccine mandates are the way to go why don't you explain why you don't think they are >> well, i'll say this everyone hates mandates. no one wants mandates. but mandates at this point is a last resort. if necessary to ensure that workplace is safe, that workers are safe, it may come to mandates we hate mandates but we hate death and infection. we're not dealing with a common cold we're not dealing with a normal flu. we're dealing with a seriously contagious, deadly disease that can rapidly transfer not only to

a co-worker, but from a co-worker to a co-worker's family member at home. so while i would resist a mandate as a last resort, it may come to a mandate because this at the end, we have to discuss not just whether to vax or ax, we have to discuss the why what are we faced with here? we're faced with -- >> that's where i want to go with you, marc that's where i want to go because it's really the why is the reason you think we're not at that mandate point just yet, despite the fact that that board of companies that we just showed, including cisco and united and netflix and many more are requiring their employees to get vaccinated let's start with the reasons why you think we're not there just yet. >> i think we're almost there, ty we may not be there yet because we still have more work to do to educate people, to persuade

people and i think there's a tipping point. and one of the most important tipping points is when the federal food and drug administration gives final approval a lot of the hesitancy has to do at that point. i think when we get to that point, we are in a zone where perhaps it is best if there are no other options to require vaccines but it should be done by an individual employer, by an individual government, by a restaurant i don't think that a citywide mandate or a statewide mandate or national mandate is the way to go. but i do think an employer has certain rights that are de designed, yes, to respect one's individual decisionmaking authority, but to understand the other rights that others have and that is do i have a right to come to work in a safe, healthy and decent workplace so, it's a balancing act, ty

we're going to get to this vaccine mandate and i think those companies who have moved in that direction have done it i think in an effort to forestall a greater set of difficulties. it's easier to execute a vaccine mandate than to have 100 different rules for 100 different locations if you're a national employer. >> well, i think that's -- i think that's where a lot of people are frustrated right now is that in different localities, different parts of the country, the messaging about what we're supposed to do masks, no masks. yes, no. in a high uptake area, yes, you need to do this. in a lower one, no you don't let's come back to vaccines. what i hear you say is that if this drug went from the emergency use authorization status to a fully approved status which it does not have now. when you get a vaccine, you sign a lot of disclaimers that say,

yes, i understand. we don't know what the long-term effects are and we don't know how effective it is going to be and i'm taking it anyway once we get to full approval, you would expect uptake to increase this vaxepe works against the variants and we'll get an uptake and a situation where it's more available in the places where the unvaccinated go to get their health care, we will see greater uptake right? >> i agree we'll see greater uptake and we need community leaders who i think are obstructing the idea that the senators for disease control ought to offer guidance and they are changing and they are trying to the distinction between individual decisionmaking and response to local conditions with the broader objective of

keeping the nation safe. so, we are moving in the direction, i think, of vaccine mandates >> do you criticize those companies we have just shown on air here that have gone the root of the vaccine update for their workforces because it's going to cause some people their jobs potentially. >> i do not criticize them because i know what they're struggling with and i think many will wait, some will go now but they're struggling and i appreciate the fact that they're offering an option for religious and medical exemption because i think that's essential to this. but i also think that they have to do everything in their power to ensure that their own workers have all of the information they need, truthful and accurate about the vaccine, about its side effects and, number two, make the vaccine as accessible in the workplace or near the workplace so that the availability issue is not an issue for all of their workers so, i think they've got to work on multiple tracks

but we are, i understand where they are moving. i think that broad public acceptance of vaccine mandates will be higher when the fda issues its final approval to the safety and effectiveness of the vaccine. >> let's hope that comes soon. mayor morial, great to see you you understand how serious this disease is because your home state of louisiana has one of the highest outbreaks and highest hospitalization rates happening around the country today. mayor great to see you thanks >> i had covid, as well, ty. i had covid, as well, at the very beginning this is nuothing to play with an everyone should take it very seriously and absolutely my home state dealing with it. i'll encourage people today, get vaccinated the best weapon we have. >> we're dwglad you're back and healthy, sir

courtney. >> thank you, ty coming up the vaccination debate is happening in the senior living industry, as well. the ceo of brookdale tells us where she stands and dives into her company's quarterly results. shares of carparts.com shifting into overdrive. the company capitalizing on the hot car market the ceo tells us how long that run will last. here's a look at the names being mentioned on reddit. robinhood four times as popular as second place amd. lots more "power lunch" ahead.

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. welcome back to "power lunch. paycom up 16%. the stock is poised for its best week in ten months and sits around 2% from that december all-time high. much like today's jobs report, p paycom offering signs of economic recovery saying lower head counts due to the pandemic were offset from new clients and new levels from existing clients. courtney, back to you. >> thank you very much brookdale shares are falling on a revenue miss but occupancy rates are coming back. revenue peroctpied unit are up more than 4% year over year. what does the delta variant mean

for the recovery let's ask cindy baier. thank you for being with us. senior living was really a key concern early on in this pandemic because of the close pruximity of the residents and many being immuno compromised and the older age making them more susceptible to suffer from covid-19 talk to us about where you are now in the vaccination rates for the resident, for the staff and then why you're making this new mandate now. >> thank you, courtney it's great to be here. the delta variant is a challenge but what's different today than at the beginning of the pandemic is that we added highly effective vaccines to our strategy to help protect residents and associates throughout the pandemic we demonstrated the ability to balance safety and engagement and we posted over 2,000 vaccine clinics in our communities since the vaccines were released in december

93% of our residents received the vaccine. and we're building on the steps that we already have taken with a vaccine requirement for our associates, with limited exceptions even the widespread access of the vaccine we're in a much better position to handle the pandemic you know, this isn't a drill for us we've developed strong protocols and we're prepared to continue to help protect our residents and associates against the delta variant. and our vaccine requirement is just one way we're doing that. >> are you having to impose a requirement because the staff is not vaccinated at a rate which you feel is appropriate? it sounds like the residents are. >> we want to get every brookdale associate that we can vaccinated so, to us, even though our efforts have been ongoing for several months, even though our associate vaccination rates are

increasing, we want them to be even higher. that's why we've chosen to go to a vaccine requirement with limited exceptions >> okay. so, you just reported your results as you mentioned here and five consecutive months of occupancy growth and you also have the revenue per occupied unit increasing 4% year over year is that because you're having to raise prices if so, why >> not because we are raising prices brookdale continues to demonstrate the versatility and resilience throughout the covid-19 pandemic. we are on the path to recovery and we're gaining momentum we've just announced five consecutive months of occupancy growth and our occupancy growth in july was almost as much as for the entire second quarter. we have maintained strong rate discipline, despite the industry being in a tough environment this is really exciting for us because traditionally our third

quarter is the highest occupancy growth quarter of the year so, for us july is really just the start. >> and so i know here also that you did report better than expected results on the bottom line, still, though, it was a loss of 45 cents per share what really weighed on that? increased expenses because of the pandemic what kind of helped turn it around for profitability if you are seeing revenue growth improve for five consecutive quarters >> i think the impact of covid-19 on our occupancy has reflected itself on the p&l. the good news we're strongly on the path to recovery and as we recover our occupancy, our revenue will grow and the profitability will grow. >> got it. cindy baier of brookdale senior living, thank you for being with us >> thank you, courtney all righty still to come, washington's crypto controversy whydigital currencies are actually one of the issues holding up

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welcome back i'm rahel solomon. here's your update at this hour. with covid infections averaging 100,000 in the u.s., the vaccination rate is also increasing the seven-day average of new vaccinations is up 11% from last week and up 44% over two weeks 50% of all americans of all ages are now fully vaccinated an arkansas judge says a state law prohibiting public schools imposing mask mandates cannot be enforced, at least for now. the state legislature left the law in place he regrets signing itp. a new jersey man pleads guilty to assaulting a police officer during the riot. he has a plea deal with prosecutors who will recommend a prison sentence around four years. and there is a big backup at the bridge that links detroit and windsor, ontario

canadian border officers have started a job action as bargaining continues to avert a larger strike. you're now up to date, tyler, back to you. here's where the markets stand on this summery afternoon. the nasdaq, however, is lower by about 0.5% shares of robin hood soaring about 9% finishing up a wild week of trading. and the oil market getting ready to close for the day and the week pipa stevens has the numbers at the commodity desk here she is. >> hey, tyler. speaking of wild weeks, oil is down again today wrapping up a week of heavy losses improving demand has been so important to oils rebound this year any indications that it might slow is going to weigh on prices and that's exactly what we're seeing right now as the delta variant leads to new lockdowns wti is down 1.2% at $68.25 for the week it's down more than 7%.

that is the worst week going back to october. crude is at $70.69 for a loss and for the week down about 6% which is the worst since march tyler, back to you >> thank you very much, pippa. i'll pick it up from here. ahead on "power lunch" the u.s. economy adding 1 million jobs in july this comes less than stellar adp report earlier this week what does this volatile labor market mean for investors? check out shares of carparts.com surging more than 15% at one point and 14% as the used car boom fueling the stock's rally. owe ceo will join us ahead on "per lunch." the cause it's givn me networks, access to capital, and access to opportunities. the level of coaching that i get has had a tremendous impact. it allows companies like mine and others to grow, and it closes the wealth gap in this country.

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show me bmx racing! show me swimming. track and field. shot put. skateboarding. water polo. climbing! discus. surfing. dressage. dressage? it's horse dancing. magnificent. with the best of the olympics, and everything else you love, it's a way better way to watch! cheer on team usa with xfinity x1. say "show me the olympics in 4k" so you can watch in stunning 4k ultra hd. wall street didn't take any time to enjoy the jobs report before immediately asking, can it continue? steve liesman joins us now with a look at what it means going forward. hi, steve. >> courtney, good afternoon. there are signs from what's in this report and, of course, what's not in this report that there is more momentum in the job market than we thought and that may mean more hiring and

better wage gains ahead. 100,000 more than expected upward divisions to may and june of 120,000 the strong workweek continued to be high. strong wage gains of 0.4% higher than expected. and a quarter million people return to the workforce. it's this last bullet point that offers the most potential for growth and hiring. you need workers and that means people on the sideline to come back in. well, take a look. 3.1 million people dropped out of the workforce some of these are retirees, they may not come back. a disproportionate share they're women and they need because in part schools have closed meanwhile, another 8.7 million unemployed these are people that are part of the workforce they want to work, but they can't find a job and have not found a job yet. we have the workers. the question is will we have strong enough growth to warrant hiring them? it's also a questionmark about whether the delta variant causes new lockdowns. it could stifle the momentum the current thinking, though, is that this momentum will

continue, courtney >> steve, that 8.7 million those that want to work but haven't found a job, do you think it's that they haven't found a job at the rate of pay that they're looking for, is it skills mismatch because we certainly know that job posting ares about as high as they've ever been. >> i am going to answer all the about, courtney. skills mismatch and also that and another factor, i think this is a geographic factor, as well. a lot of folks moved to the suburbs and living in places like cape cod or cape may or cape wherever and not necessarily the lower income people can move out to those places and even if there are jobs for them there, there's no housing for them that's a big issue there could be geographic to go along with all the things you just mentioned >> interesting stuff, steve. thank you very much. all righty how are those job numbers playing out in the bond market let's check in with rick santelli tracking the action at cme. hey, rick. >> good afternoon, tyler

three-day chart starting on wednesday. we bottomed at 112 and we're up 16 basis points and one-month chart we went from wednesday si six-month low close to two-week high if we close above 128 or gnaw, it certainly looks like it is possible it isn't only rates going up, the dollar index finally is acting in a textbook fashion dollar index is now up a half percent object the week and 0.5 cent on the week and if you look at this chart going back to the fall of last year, you can see how close we are really to breaking out to the upside tyler, back to you >> all right, rick, thank you very much. the dow and s&p 500 again hitting record highs after that strong jobs report surprisingly so. so, what's the best way to invest in today's market our next guest says momentum is on the investor side, at least in the short run let's bring in howard with

standard & poor's. howard, good to have you with us i like your ear bud, it's good, i have one, too. let's talk about how the market is performing this year and you pointed out we have something like 42, 43 new highs in the s&p. so far this year even the best optimist might not have expected that >> i don't think anybody expected this. last year was a good year. as you said, 43 new hires in the s&p 500. 44 and currently 30 on the dow if we make it there and an enormous amount of momentum. we've seen the market go down on several days can you buy the dips and back with a profit on them. the momentum is coming not just from the fed and not just from low interest rates but also the treasury and people getting back to work. so, you've got a lot of momentum in the market. is it nervous? yes. we are very pricy right now.

about 20.6 for 2022. but as long as you've got stimulus and people putting money into the market. money managers are going to stick around they may be nervous and ready to sell, but there's buying you stay in. >> and the alternatives are not exactly particularly delicious right now, bonds at 1.2% on the ten year other places you can get some interest, but not much >> no, you have yields which are still good and risk reward and today only about 1.4%. you can get it specialty one that is probably 1.8, 1.9 or go into more risk and there's not a lot of places that you can get income right now but investors aren't the only ones there q1 of the s&p 500 industrials had $1.8 trillion in cash sitting on the side. it made a little bit under half a percentage point $1.8 trillion. and they got half a point.

not something that you readily tell investors because not too many places with those yields >> let's say, howard, i want to put some of my $1 trillion in cash to work here. right now in equities, where, how would you divide it up where would you for the next six months to a year, where would you put that incremental money that feels safe, but also has a positive risk/reward ratio >> you've got to go for safety until you know where you're going to go. next six weeks to two months will be very telling we'll see how the next unemployment goes. jacksonhole as well as the fed meeting and washington which remains a big concern and then, of course, covid with the back to school which has, i think, the biggest potential to take the market down if we start closing up schools or going down as far as where you put the money, again, it's going to be a

risk/reward scenario not a lot of places you can put without risk companies are sitting on that money and they want to invest. they have a list of mnas and a good quarter for buybacks and record third quarter for the s&p 500 and they are spending the money. they just have so much of it earnings were great last quarter. very good at the rate this quarter and cash flow hit an all-time record this quarter looks like it's on track for this quarter to be on record all this money coming in, but, again, the risk/reward scenario is killing them and keeping money on the sideline. they don't want less than that, that's for sure. >> howard, the job's report today average hourly earnings increased and for a long time we were very stagnant but as we have all the job openings many employers are increasing the wages to attract the talent that is a form of inflation and a

higher cost for a company. do you think that's something that could potentially be damaging to profitability as we look towards next quarter or do you think that's just the cost of doing business? oh, you know what, howard, i'm sorry, it seems like we have lost your signal but we will get you back real soon howard silverblatt, thank you for joining us here today with your outlook on the market. disney, coinbase, softbank all set to report earnings next week which names are the best bets ahead of their results our traders will discuss that next plus, as we head to break, check out wayfair. shares down around 4% after at least ten brokers cut their price targets on the online furniture retailer "power lunch" will be right back municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free,

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welcome back to "power lunch. big names gearing up for earnings next week softbank, disney just a few of the heavy hitters on the docket. what should investors be watching heading into another f flood of reports

gina sanchez we will start with you take your pick, a lot of names to go through. what should we be watching and where? >> have been holding disney for quite some time and this is a company that hit an absolute home run with disney plus, especially during the pandemic but that was completely overshadowed by the $4.5 billion loss in revenue that they withstood from the closing of the parks and the studios. but, look, contessa, that is coming back. they will get that park revenue back and in the meantime what disney plus opens up is a much more lucrative way for disney to bring new content to the market in a way that they keep more of the take >> yeah, the subscriber numbers are going to be key. bill, what are you watching? disney or some of the other names catcher your attention more >> i'm looking at coinbase and this thing lost about 50% from its ipo day high came down to $200. i think it flushed out really

all the negativety at this point and ironic, if you will, that when bitcoin sold off is really when this ipo happened, too. so, the timing wasn't great, but, again, that negativety is flushed out and user growth will exceed verified users and a benchmark that they'll continue to feed on and trading activities where they get paid on, as well. even if bitcoin continues to sell-off, i think the activities will pick up overall, though, i've been pretty vocal about i am invested in the crypto space. 32,500 was the first buy back into bitcoin and 1, 800 in etherum and it has a good place in the portfolio good trend line and broken out of a wedge of resistance where the 50-day moving average was on wednesday. i think this thing can go to 29,300 and the positive and the guidance should be good. >> we'll watch that as 290 or

300 and shares are up ahead of results. for more trading nation, head to our website or follow us on twit twi twitter @tradingnation. getting a stake on the economy. carparts.com getting strong earnings as consumers flocked to the used car market. we'll talk about that and more with the ceo of car parts. we'll be right back. and now the latest from tradingnation.cnbc.com and a word from our sponsor. >> many traders like to watch technical patterns and one of the most popular ones is called the golden cross the golden cross is where the 50-day moving average moves up through the 200-day moving average. while this pattern is not intended to get you in at the very bottom, it can often be an effective entry point for a stock or etf in an up entrd. i'm andy frederick and schwab is the better place for traders

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welcome back the chip shortage is putting pressure on automakers and fueling a used car boom and that's boosting shares of carparts.com which just delivered record second-quarter results. liv peker is the ceo of

carparts.com thank you for joining us here today. stock up a nice 15% on your report so, explain to us how is the chip shortage helping your company. >> thank you so am up for having me the chip shortage is really driving the inventory of new vehicles down, especially at the lower price levels where there are not the inventory of vehicles down, especially at the lower price level, not making as much markets, without a size demand, they're really going up again, and what it's doing is driving people to keep the vehicles longer. for the, as an autoparks company, that means more maintenance on the vehicles. >> so when you have customers buying from carparts.com, is it mainly a customer like me, if i

have a used car and i'm replacing something that's broken, or are you selling to another business that is repairing cars for a consumer like me? >> we have a very unique distribution model we source our own products, put them in our own distribution centers and sell them to customers like you most of our customers do repairing themselves, and we have research where a customer can fix almost any vehicle or replace any part they want and save money in the process. >> we talk an awful lot about electric vehicles. president biden just held an event with pretty ambitious targets for the electric vehicle market, which i believe is 60% of the vehicles on the road be evs by 2030, which is a far way from where we are now, which i believe is 2%. >> it's -- into the car park,

but we're thinking it's a truly positive development we have been making investments into the ev owners market for some time now, and we have on our website a destination carparts.com/ev. our belief is long term those investments will pay off ev is not that different from other vehicles 90% of what we sell are agnostic to the power train bumpers, mirrors so it still has a lot of the same parts as a regular engine car. so we are making investments, but it's really the same parts >> so, lev, i'm curious. the average age of a car on the road today has probably never been higher. in part that's because new cars are expensive. in part, there's a shortage of

new cars, the dealers can't get the inventory, but third, is it in part because old cars are better than they ever were and last longer? my question is, am i right on that number two, what is the average age of a car for which you sell these replacement parts? four years eight years? what >> that's a great question the average age of the vehicle on the road today is 12 years, and our sweet spot is 6 to 15-year-old vehicles right now it's a golden age for us, right in the middle of our sweet spot cars are lasting longer, consumers are maintaining them better, and there's more resource to education consumers on what they need to do to keep their car longer. >> weave talking with a lot of

our ceos about what's going on in the global supply chain and how it's been hard to get a lot of things have you been struggling to get in the auto parts that you need that consumers are demanding right now? >> so we ended the quarter with more inventory we've ever had. we had 113 million of inventory. that's, in part, to two things one, we invested a lot of time and effort for building relationships with our suppliers, and instead we invested a ton of time into it we hired a great team of people with expertise across ocean carriers, custom brokers, and that's bearing fruit right now while there's supply chain problems, we've dealt with it successfully lev peker, thank you for joining

us today. >> thank you. up next, a growing controversies of cryptocurrency creeping up in the middle of the infrastructure bill. we'll explain why and where, next this is how you become the best! [wrestling bell rings] [music: “you're the best” by joe esposito] ♪ try to be best 'cause you're only a man ♪ ♪ and a man's gotta learn to take it ♪ ♪ try to believe though the going gets rough ♪ ♪ that you gotta hang tough to make it ♪ ♪ you're the best! around! ♪ ♪ nothing's gonna ever keep you down ♪ [triumphantly yells] ♪ you're the best! around! ♪ [ding] don't get mad. get e*trade and take charge of your finances today. ♪♪

ready to shine from the inside out? gtry nature's bounty hair,e ofskin 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. a key vote on the infrastructure bill is expected tomorrow a surprising new road block has

emerged. ylan mui joins us to explain why cryptocurrencies are tied up with this bills. >> one of the ways the lawmakers want to pay for this infrastructure bill is by cracking down on cryptocurrency tax evasion. the industry is arguing that the definition of a broker is too broad. and it specifically calls out several from those requirements, but the who you has word that would create a giant loophole. i'm told that janet yellen has reached out to capitol hill, and instead the capitol hill is getting behind a second amendment. it's sponsor ied about kyrsten

sinema, and rob portman and senator warner now, neither side is backing down at the moment, and guys, it's unclear if either amendment will get a vote tomorrow or how support would shake out even if they did. >> are they trying to crack down on evasion of taxes that would have come with the transactions i might make when i redeem some cryptocurrency is that the gold >> the concern here is what happens to cryptos held in off-line accounts, cryptos you're holding may actually gain in value, but you're not paying any taxes on the gain, because nobody really knows you own it so the amendment -- or the bill is trying to get some more clarity into who owns what bitcoin or what crypto is there

so they can be taxed. >> good luck with that that sounds like a rabbit hole ylan mui, have a great weekend thanks a thought courtney, great being with you all week folks, have a great weekend. thank you for joining "power lunch. "closing bell" starts right now. thank you, courtney and tyler. welcome to "closing bell" on a friday happy friday i'm sara eisen here. strong jobs report pushing to record highs >> i'm scope wapner in today for will fret frost. the economy adding 943,000 jobs, topping estimates by nearly 100,000, unemployment rate facts to 5.4%. treasury yields bouncing on that