diplomats, and all those serving in harm's way. now i will take questions. ap, zeke miller. >> thank you, mr. president. [ inaudible ] you promised to bring out those who helped america in its war effort. we have seen the heart-wrenching images at the kabul airport, say nothing of the people who can't get to the arm you made the commitment to get american citizens out. will you make the same commitment to those who assisted in the american wore effort over the last 20 years, number two? number two, what is your message to america's partners around the world who criticized not w withdrawal, but the conduct of that withdrawal and made them question america's credibility on the world stage >> i have seen no question of c credibility from our allies. we have spoken with nato allies,

the secretary of state, our national security advisor has been in contact with counterparts throughout the world and our allies, as has the general -- excuse me i keep calling him a general the secretary of defense the fact of the matter i have not seen that. as a matter of fact, the exact opposite i have got, exact opposite, we are acting with dispatch, committing to what we said we would do let's put this thing in perspective here what interest do we have in afghanistan at this point with al qaeda gone? we went to afghanistan for the express purpose of getting rid of al qaeda in afghanistan as well as, as well as getting osama bin laden, and we did. imagine, just imagine if that attack -- if bin laden had decided with al qaeda to launch an attack from yemen would we ever have gone to afghanistan? would there be any reason we

would be in afghanistan? controlled by the taliban? what is the national interest of the united states in that circumstance we did the mission you have known my position for a long, long time. it's time to end this war. the estimates of the cost of this war over the last 20 years range from a minimum $1 trillion to i think tank at one of the universities saying $2 trillion. that's somewhere between $150 million a day to $300 million the threat has ma tast-sized there is a greater danger from al qaeda and all these affiliates and other countries by far than from afghanistan and we are going to retain an over the horizon capability if they come back to be able to take them out, surgically removed so this is where we should be. this is about america leavding

the world and all our allies have agreed with that. by the way, before i made this decision, i was at the g7 as well as met with our nato partners and i told them you will, every one of them knew and agreed with the decision i made to end, jointly end, our involvement in afghanistan the first part of your question was -- i can't remember now. >> would you commit to the same commitment -- would you make the same commitment to bring out afghans who assisted in the war effort -- >> yes, we are making the same commitment there is nothing more important than bringing american citizens out. i acknowledge that equally important, almost, is all those sivs, we call them, who helped us. they were translators. they went into battle with us. they were a part of the operation. as well as we are also trying to get out as many ngos, nongovernment organizations, women's organizations, et cetera, we are doing all we can. in the meantime, secretary

blinken and i am going to be working with our allies to see to it that we can bring international pressure on the taliban to -- they are looking to gain some legit imacy. they will have to figure out how to maintain that country there is going to be stroj conditions we apply that will depend on whether they get help based on how well they treat women and girls, how they treat their state zblens this is just beginning on that score. >> are you willing to tay is past the 31st to bring the sivs out? >> i think we can get it done by then, but we are going to make that judgment as we go justin sink of blomberg. >> mr. president, you just said that you would keep a laser focus on counterterrorism efforts. you don't see as great of a threat of terrorism from afghanistan as other parts

world. if you and your administration misassessed how quickly the taliban would sweep through afghanistan and we no longer have an embassy there from which to run intelligence operations how can you be confident of your assessment rick of frichl and the u.s. to conduct mission toss keep it in check? can you tell americans that they are safe and will remain safe from terror attacks in afghanistan? >> i think you are comparing apples and oranges one question was whether or not the afghan forces we trained up would stay and fight in their own civil war they had going on no one -- i shouldn't ano one. the consensus was that it was highly unlikely in 11 days they would collapse and fall and the leader of afghanistan would flee the country. that's a very different question than whether or not there is the ability to observe whether or

not large groups of terrorists began to accumulate in a particular area in afghanistan plot against the united states of america that's why we retained an over the horizon capability to go in and do something about that if that occurs. if that occurs but in the meantime we know what's happened around the world. we know what's happening in terms of what's going on in other countries where there is the significant rise of terrorist organizations in the middle east, in east africa, other places and so the bottom line is we have to do -- we are dealing with those terrorist threats from other parts of the world and states without permanent military -- without permanent military presence there. we have to do the same in afghanistan. >> sir, just on that initial assessment, we learned over the last 24 hours there was a dissent cable from the state department. >> sure. >> reporter: saying that the taliban would come faster

through afghanistan. can you say why after that cable was issued the u.s. didn't do more to get americans out? >> we have got all kinds of cables all kinds of advice. if you notice, it ranges from this group saying that they -- they didn't say when it did fall, but saying that it would fall to others saying it wouldn't happen for a long time and they would be able to sustain themselves through the end of the year. i made the decision. the buck stops with me i took the consensus opinion the consensus opinion was that, in fact, it would not occur if it occurred until later in the year it was my decision now i got my next is stephanie ramos, abc >> reporter: thank you, mr. president. two questions for you. the military has secured the airport as you mentioned, about you will you sign off on sending u.s. troops to kabul to evacuate

americans who haven't been able to get to the airport safely >> we have no indication they haven't been able to get to kabul to the airport we made an agreement with the taliban. it's in their interest to let them go through. we know of no circumstance where american citizens carrying an american passport are trying to get through to the airport we will do whatever needs to be done. >> reporter: and one more. martha rabbits interviewed an enter terron the line with u.s. forces in afghanistan. overnight we received a photo of taliban militants coming to the door of his home literally hunting him down thankfully, he was able to escape, but he is, obviously, still in mortal danger what would be your message to abdul, his wife, and his three young daughters? >> we want you to be able to get to the airport, contact us we will see whatever we can do

to get you there we've got to get you out we are committed to deal with you, your wife and your child to get all three of you out of afghanistan. that's the commitment. >> reporter: thank you, sir. >> meredith lee of pbs news hour >> reporter: you mentioned using every resource available for evacuations. why haven't you ordered the military to expand the security perimeter around the kabul airport? do you have plans to do so given that will likely require more u.s. troops? are you considering rescue operations for people stuck behind taliban checkpoints >> the last answer is yes. the last question. we are considering every opportunity and every means by which we could get folks to the airport. number two, the reason we have not gone out and started -- and set up a perimeter way outside

the airport in kabul is that it's likely to draw an awful lot of unintended kwon consequences in terms of people who in fact are not part of the taliban -- we have been in con stakt contact with the taliban leadership onthe ground, in kabul, as well as the taliban leadership at daho we are coordinating what we are doing. that's why we were able are how we got our embassy personnel out, how we got everyone out of the embassy safely that wassis distance that's how we helped get the french out of their embassy. so the question remains there will be judgments made on the ground by the military commanders at the moment and that i cannot second-guess each of those judgments to be made. but the idea of -- let me get back to the fundamental point i

made at the outset when the decision was made by me that -- and it was made some time ago, when i ran for president, saying i wanted to get us out of afghanistan. one of the things that is a reality is people now say to me and to others, many of you say it on air, that why did we have to move because no americans are being attacked why did we withdraw those -- why did we agree to withdraw 2,500 troops when no americans were being attacked as i said before, there was part of an agreement that trump had made a year earlier. we will leave by may 1st he said as long as there is no attack on americans in that year period.

number one number two, the taliban was taking large swaths of the countryside north and south. not on a major -- none of the major points of the capitals of each of these provinces, but they were all over the country and the idea that if i had said on may the 2nd or 3rd we are not leaving, we are staying, does anybody truly believe that i would not have had to put in significantly more american forces, send your sons, your daughters, like my son was sent to iraq to maybe die and for what for what so the only rational thing to do, in my view, was to set up and pre-position american forces for the purpose of evacuation and the aircraft to pre-position those ahead of time so that we would be able to begin the

process of evacuation of american citizens, sivs and others who helped us the last point i'll make is this look, if we had decided 15 years ago to leave afghanistan, it would have been really difficult. if we decided five years ago, if we started -- if we continued the war for another decade and tried to leave, there is no way in which we'd be able to leave afghanistan without there being some of what you are seeing now. but what we've done so far is we have been able to get a large number of americans out, all our personnel at the embassy out, and so on. and thank god, so far, knock on wood, we are in a different position scott detro.

scott. npr. >> reporter: thank you, mr. president. i want to follow up on something you said you said there is no circumstances where american citizens cannot get to the airport. that doesn't really square with the images we are seeing around the airport with the reporting on the ground from our colleagues who are describing chaos and violence are you saying that any american who wants to get to the airport is getting there andgetting past the security barrier and to the planes - >> i thought the question was how can they get through to the airport outside the airport. and the answer is to the best of our knowledge the taliban checkpoints, they are letting through people showing american passports. now, that's a different question when they get into the rush and crowd of all of the folks just outside the wall near the airport. that's why we had to, i guess was it yesterday, the day before we went over the wall and brought in how many?

169 americans. so it is a process to try to figure out how we -- how we deal with the mad rush of non-americans, those who didn't help, those who are not on a priority list, any afghan, any afghan to be able to get out of the country. my guess is no matter what, under what circumstances -- anyone -- there is not a whole lot of afghanis that assume come to america whether they have any involvement in the united states in the past rather than stay under taliban rule or any rule so what i was saying is that we have an agreement that they will let pass through the checkpoints that they, the taliban, control, let americans through. >> reporter: given the negotiations with the taliban, the scenes we are seeing, can

you fully explain why the plan wasn't to go ahead with evacuation of americans and allies before the draw downs whether it was now or several months from now, there seems to be a broad consensus the taliban would make these gains and these would be needed at some point? >> well, yeah, at some point but the point was that although we were in contact with the taliban and doha for this whole period of time, that some point wasn't expected to be the total demise of the afghan national force, which was 300 persons let's assume the afghan national force had continued to fight and they were surrounding kabul. be very different story. very different story but the overwhelming consensus was that they -- this was not -- they were not going to collapse. the afghan forces, they were not

going to leave the they were not just going to aen, put down their arms and take off. so that's what happened. thank you very, very much. >> that was president joe biden speaking on the situation over in afghanistan talking about the reports from the field there that americans are being object instructed from getting to the airport or once at the airport having a hard time getting through to board planes that would then evacuate them from the country. let's bring in ylan mui now who can wrap up what the president said and what the situation is in afghanistan ylan >> well, tyler, what you heard was the president trying to strike a defiant and commanding tone on the situation in afghanistan. he said multiple times that he takes responsibility for continuing withdrawal. he also stated definitively that many american who wants to leave, we will get you out, and also made that same commitment

to afghans who had worked with the u.s. inside the country. so he is trying to take this moment to project a narrative of american strength rather than one of defeat and chaos as we have seen play out over the past few days he said multiple times that only america could carry out an evacuation of the size and scale. he updated the numbers of people who have been evacuated so far to 13,000 since august 14th, 6,000 troops are now at the kabul airport as well. but this is something that is going to challenge him not just internationally, but also domestically as we have seen the president's poll noumbers and approval numbers decline recent polling showing that a plurality of americans blame president biden for these scenes of despair and drama that have played out around the airport over the past few days the president is trying to take control of this situation saying that the g7 will be meeting next

week in order to assess the path forward and present a united front, and he says that there has been no question of america's credibility from its international partners. >> that is the one i want to pick up on because i think if you look at polling data you will see that the american people generally agree with the president that we ought to get out of afghanistan the percentage who agree has come down in light of what has happened over the past couple of weeks. but people have been critical of the method and the way that withdrawal has eventual waited here over the past week. he was very strong in saying that none of our allies have been critical of the way that things have played out over the past week. that seems a little bit odd to me he was emphatic about that >> he was, and i think it's important that the administration says that it has that united front, that it's working in concert with

international allies the administration also likes to argue that the american people are behind this effort of course, as you mentioned, that is behind withdrawal overall and not necessarily the manner in which this withdrawal has been taking place. and several reporters tried to pin the president on the fact that other countries have taken more aggressive steps in order to get both their citizens and afghan helpers and interpreters, et cetera, to the airport itself, deploying special forces outside of the perimeter around the airport. and the united states has yet to do that. the president said that those options are still on the table, they are assessing, but did stop short of making that commitment just now >> all right thank you very much. ylan mui in washington. let's bring in tony, cnbc contributor, worked in the george w. bush white house as well tony, in light of the comments from nato earlier today, you know, in the u.k. there has been a huge debate in the manner the

u.s. left afghanistan. a lot of european countries are worried about the refugee crisis what would you say >> i think the president was trying to reassure and trying to show leadership as much as he can by talking about -- announcing the g7 meeting and attention to this. the president has a good argument on the decision to leave afghanistan, and even on the timing of afghanistan, it's really the how that we're seeing that, you know, he is asking for understanding that is big and complex and difficult to do and that he made the decision to, you know, not signal to the afghanistan government, the afghanistan people that the united states was leaving. but it's not obvious that there was a plan b here, that, you

know, if the afghan forces had fallen apart as quickly as they did, what the plan would be. it's not obvious that there was one, and that's why you saw the delay in getting people out today, that there was, you know, problems in processing and in qatar. so it is a difficult message i am flood glad he took questios i think that was sporn to see him taking questions and responding to some of the questions about the international situation. i think he has a lot more reassuring to do among nato allies. >> i want to ask you a point of fact and a point of context. we were talking while he was speaking, the arj withdrawal date negotiated by president trump at doha with the taliban was may 1. what happened to may 1 and why was it extended to 9/11 as the final pullout date >> well, that's going to be a really interesting question for some of the history on this.

i think they wanted to give more time and for this administration to take control of what the exit would look like. and may 1st for this administration, having just been inaugurated in, you know, the end of january, is very soon and so they did in the get a chance to get their arms around afghan policy and what the evacuation would look like september 11th, though, there is no, you know, other obvious reason except that it's the two decades since 2001. >> he said we spent between 1 and $2 trillion, or $150 million a day, and i think that's a stunning number for any american, any person to get their mind around over the 20 years that we have been there. tony, presidents are often challenged their first year. will this be seen as the challenge that joe biden -- i mean, we don't know.

it's early yet, but will this be seen as the challenge by which president biden's first year is measured >> i hope it's the only one, right? i hope this is the one and we don't have something else that he has to deal with. i think looking back for him, you know, he emphasized repeatedly his commitment to get out every american and he extended that commitment to afghan citizens who helped americans over the last two decades. very important commitment he made today if we're looking back three or four or five months from now and they can say we have got, you know, we did execute getting every american out, it's possible that voters -- we will look back and maybe overlook the chaos that we have witnessed the past couple of weeks and he can claim credit for having successfully managed the evacuation with getting, you know, all of those people out.

but, you know, there are challenges which came up during the press conference in questions, challenges to accomplish any of that it's hard to see not just getting every american out hard to see how they can get all of the afghan citizens who supported america over this time and their families. >> that is a very tricky one obviously, there are other afghans trying to get out of the country, come to the u.pnited states who presumably do not have the connections to the american effort that others did. tony fratto, great to see you, thank you. >> thank you. the market holding on to gains. the dow up more than 200 points, but on track for a down week weavlo he ts more "power lunch" weavlo he ts more "power lunch" coming right at you. whoo, what a ride! i invested in invesco qqq a fund that invests in the innovators of th00

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see how zero waste is one of the many ways wm is always working for a sustainable tomorrow at wm.com/stories. the dow on track for a down week talk of a faster taper timeline by the fed on monday was followed by a string of weaker economic data from retail sales to housing starts. is the fed getting it wrong here ron is a cnbc senior analyst and commentator as well as a senior advisor to schroeder's north america. ron, what todo you say is the fed's talk of tapering

premature given the signs that the economy is maybe slowing a bit, that inflation is in fact more transitory or temporary >> i think that final piece is critical if you look at every inflation indicator that is market based, whether inflation break evens, price of lumber, copper, oil, industrial metals, iron ore china, these prices are in a barrel market or completely collapsed. we are seeing a rollover in the future inflation pressures which would imply it is indeed transitory and because of the emergence of the delta variant the economy is slowing down with credit card purchases down, movie attendance going back and the willingness of people to attend theaters according to the latest survey has dropped considerably as well when you put this together, it seems that allof the taper tal we are getting from everyone but jay powell is potentially premature. nothi not that i am in favor of doing

this forever, but we are waiting on fiscal stimulus it doesn't look like the economy is in a position at the moment to say that, you know, all objectives have been achieved. >> i think it's interesting. we certainly have a lot of taper talk from fed governors and the like i am not sure we haven't had any from jay powell. it's been quiet if it's there. let's talk about the industrial commodities. i take your point. but in you look at the agricultural commodities and the rising cost of the food at the grocery store, that is there and that seems to be a little more persistent number two, there is also wage inflation. we will talk about a survey later where people are leaving jobs or looking for jobs in search of higher pay and typically had you get higher pay, those wage increases, which are one of the prime drivers of inflation, are sticking. >> yeah, and i tend to worry less about wage inflation than a more persistent type of not necessariliarily commodity-based

inflation. you know, but the pig herds in china have gone up considerably from last year's culling because of illness so we are starting to see reversal in all of these different areas. you put higher wages against what might be a stop or a halt in increasing prices and you really just give employees more buying power, given what is happening in the labor market. i am not sure that becomes a spiral and i don't think we could think of it necessarily in 1970s tstyle fashion which havea variety of other factors that contributed to that problem back then. >> we talk top level i don't know how tactical you want to get here the markets are held up right now by health care and utilities. technology hasn't done that great. growth isn't working that great. rea value is not working that great. rates are down instead of up the financials flat, energy is down considerably. where should people go if you are sitting in a broad index, it's one thing.

you could kind of hope there is not a bigger reaction to the taper. if you were betting on the value reopening plays, that's not opening now. >> value is underperforming a little bit, small is underperforming a little bit, emerging markets, including china, are underperforming a little bit u.s. markets were when it comes to equities and debt have become the safe haven tray. the value of the dollar up as well which is also slightly disinflationary. hard to talk about that in this environment. the dollar up almost 4% year to date i think the u.s. is looking good now. and again when you mentioned, it's not just utilities and other defensive things, but big cap stay at home technology stocks are driving things higher you also have to be extremely selective if you are doing individual stock picking and -- something we talked about for a couple of years now. balance sheets, good debt

coverage, strong brands, large market shares, those are the companies you want to gravitate towards. >> pepsi and costco high right now to illustrate that thank you. >> and ahead on "power lunch," inflation nation, we just talked about it a little bit. as the used car market surges, if you can find one. so is demand for auto parts and despite higher prices consumers don't seem to care we will tell you which stocks are benefiting more as "power lunch" continues after this. 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

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to invest in and develop the next generation of technology that will change the way we experience sports. we've already invested in entrepreneurs like ane swim, who develops products that provide hair protection so that everyone can enjoy the freedom of swimming. like the athletes competing in tokyo, these entrepreneurs have a fierce work ethic and drive to achieve - to change the game and inspire the team of tomorrow. the iphone 13 and apple's push into 5g will power the stock another 20%. shares up 17% the past three months, more than double the s&p over that timeframe. let's bring in the analyst behind that call i guess what you're fundamentally saying is that people have understimmed the power of the renewal phase of iphones and the renewal cycle heading into the iphone 13

>> yep thanks for having me here. i think overall if you look at the leadership that apple has established for the first generation of 5g phones we expect that to continue beyond the first generation of iphones, which is the iphone 12 and extending to the upcoming launch that we are expecting the next month or so here when you think about the large base that apple has, 5g will not be a one-year phenomenal, a multi-year upgrade cycle we are excited about the iphone 13, also switch overs. a lot from android, because of the leadership that apple is establishing with the 3g devices. next year really, that's where the growth comes from the iphone se, which is going to be a 5g device and a lot of investors seem to underappreciate kind of the capability of that device as well as the upgrade and switches that can come into that device it will be an affordable 5g

phone. 400 million install base that has devices that are smaller screen size and that will be a good upgrade option to a 5g device if you take the whole year, the iphone 13 and the device next year it will be a strong upgrade cycle which investors don't tend to appreciate at this point. they are thinking of 5g a one-year phenomenal. >> the ability to use that extra g, for the -- it depends on your network and what kind of g network that provider has, number one i have a 5g phone. what is the extra g going to -- on the occasions where my 5g illuminates, what is the extra gg going to do to me and request am i -- why do i want it >> sure. what we're seeing again is that you are seeing service providers

really out 5g infrastructure at this point, right. you do go multi-year cycle with the service, 5g network, you get those capabilities on certain devices in certain parts of the country and 5g starts to become more nationwide and you get a better experience, you have applications that come out that follows, kind of experience level that you have. we are in the early stages of 5g we are looking at 5g being enabled for use cases at this point. service providers are on track to roll out nationwide 5g. as you start getting into the experience of a 5g device, keep in mind when you sell a phone, you are not selling purely on a 5g feature have multiple other features, cameras are relevant features in a phone. you keep seeing apple making incremental tweaks every year, the facial recognition, security, privacy feeding into that kind of preference or consumer preference for a apple

device over the competition and i think 5g is one of the features you sell. your point is very fair. you are still in the early stages of 5g as a network and that will evolve. >> i wanted the fifth g. i really did and but i just -- i -- and i think it's going to be great when it's all functioning and everything you're right i use my phone less for phone calls than i do for anything else i mean, it's a phone incidentally to me right? yes. data is a part of it, right? you are using it for data. but again it goes back to the experience you are seeing consumers looking to do kind of their activities from home from different locations, and the apple products do that what they found over the pandemic is that apple found a way to connect to the consumer a lot better they have gone correct to-- dirc to the consumer. their stores were closed last

year their features stood out versus the competition. as younov into a hybrid people are more diverse, the devices tend to carry themselves thank you for coming on. i hope you don't mind i called you mr. chatter 5g maybe i have given you a new name thank you. >> thank you. we're finishing up our inflation nation series with a sector that has seen explosive price growth, autos and car parts. car prices are hitting records, and tsunamis seem insensitive to that what about the dealers and how are they passing on the rise m michael baker joins us let's start with who you think is best positioned in this inflationary environment that we are still in for the auto space? >> i think we are still in an inflationary environment in the parts retailers and the used auto retailers themselves are in good positions to pass through pricing. auto parts retailing has been a

price insensitive business and those retailers, they have always been successful at passing on price customers are much more concerned about product availability and speed to get the product and the no-how of the associates in the store than price. we are seeing a lynn more infl a defibr inflation there. the used car retailers are seeing unprecedented inflation sequentially, it's starting to flatten out a bit. on a year over year basis we are up dramatically higher than in the past and you're right custom consumers are buying. >> the main attraction is really the know-how of the staff. if i tried to change my own oil or replace windshield wiper fluid, that's a reason you go there, for help in doing that. i see that you have a buy in autozone but a neutral on

advance auto parts and o'reilly. >> i think the whole group is doing well but the stocks are much more expensive on a svend consensus forward basis. they have all done well in that space. so really, you know, you can pick any of them we like auto zone on the same trends, a little bit opportunity. >> yeah, and, obviously, we're all watching like a hawk to see this kind of beginning of what could be going on with used car prices peaking, flattening out, and so forth but i actually want to ask you a different question with the remaining moment here. cathie wood was on cnbc this morning. going from selling 2 million to 40 million electric cars by 2025 if she is right, is that what ends these great times for these auto parts dealers >> not necessarily electric vehicles needs parts as well they are different parts and fewer parts burke they do need

parts. and that idea of the auto parts retailers selling fewer but more expensive parts has been an ongoing trend for generations really in the auto parts space so it will look a little bit different but they will still need parts and so we think that the used part -- the aftermarket space will still be very strong. >> you think if i have a chevy bolt i am going to need to go to auto zone for things >> sat some point, yeah. they will stock those parts over time i think it will take time to get there. chevy volts need parts as well >> thank you for your time michael bake early. >> up next, are employers seeing the great resignation. a report from pwc shows 88% of executives have faster turnover of employees than normal we will dig into that when "power lunch" returns.

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dealing with the fallout let's bring in the author of the survey, pwc c's bushon 65% of people are looking -- looking to move jobs you don't see that unless the labor market and the economy are very, very healthy >> yeah. thanks for behaving me. good afternoon to you. it's an interesting data point that compares to 36% when we asked the same question in may i think what we're seeing there is it's a hot talent market for critical skills, digital, cyber, front office roles also flexibility plays a role in this some people don't want to go back to the office fmore than two, three days a week some companies are offering more flexibility. that becomes a competitive weapon. >> why do you think the numbers spiked so much where it was 36% in may and in your august survey all the way up to 57 or whatever

it was 65, excuse me. >> yeah. i think it really links with the return to office plan. as we see, executives want to get -- want people to come back to the office more quickly than employees. most companies will offer a form of hybrid, meaning people will be in the office this fall some employees are not comfortable with that. some employers are pushing their dates back to the start of january. people are looking to have more agency around their schedule, around kind of where they work some people have relocated and also there is a big demand for talent as we've seen, salaries are on the rise at the low level, at the high end, and people are jumping for significant races in base compensation as well as other benefits >> i see one-fifth of all please would like to be fully remote today even if covid-19 were no longer a concern that seems small to me

but the other part of it seems about right. half, or a majority, prefer a hybrid model i think what employees want is they want to be able to go to the office when they damn well please and then stay home when they want to do that. >> i think the majority -- it's interesting, tyler that's what flexibility should have flexibility should be pre-pandemic. how do you manage the outcomes how do you treat people like they're adults and can finish what they need to achieve? i think companies have to personalize the work plans yeah, people want the freedom and choice, and leadership and organizations have to adapt accordingly, inclusive leadership is so important bhusan, i would imagine

companies need to get the most out of their current workpores, but pwc is offer an incentive to employees who take 40 hours off, the equivalent of a full workweek why? >> that's a great question it's a marathon, not a spring. people need time for rest and recovery we're offering $250 for every week of vacation people take up to a maximum of four weeks this year that's one lever firms are pulling many other levers, where they're saying how do we get back, how do we simplified their work. how do we eliminate nonessential travel and work. >> it's just strange to me when the employees have the most leverage ever, it seems like if they needed to take it, they would, right >> yeah, but it's a struggle now. a number of people -- we've been

aft this for 15 months a number of people are burnt out. we look across the pond, people are taking longer vacation even pre-pandemic, so there's a significant issue of people managing lots of anxiety, whether it's about geopolitics, reopenings, and that's a big challenge for lots of employees. >> absolutely. covid itself, obviously. it doesn't make sense, but it's so interesting to see firsthand how people are trying to deal with it. bhushan, thank you for joining us after the break, the effects of climate change, between floods, droughts and worsening fires, the infrastructure plan wel scmeid a wel scmeid a 'ldiuss when "power lunch" competition beat us again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do.

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welcome back, everybody. the dow is hanging on to a 180-point gain check out shares every lordstown motors as well it's been a wild ride for them they dropped below $5 a share in volatile trading earlier on. company executives wrapped up the annual shareholder meeting earlier yet -- i don't know if it was early, but the meeting was only ten minutes long. that's what sent shares down

the stock is down more than 70% the infrastructure bill that just passed the senate includes billions to protect the nation from damage that's already done. diana olick has part three of her series, "climate consequences." >> federal firefighters now battling the explosive number of blazes make less than the minimum ways and far less than state firefighters a pittance >> firefighters are truly at the front lines of deal with the climb change of they are currently underpaid and poorly equipped. >> reporter: that is expected to change, if the house approves the infrastructure bill, $600 million will go toward raising those wages. it will also raise salaries for

the forest service after the stark reminder in texas how vulnerable the aging electrical grid is, the bill caves out $73 billion to make it more sustainable, but also to protect it. >> critical investments combat climate change, to build a clean energy future. >> reporter: there's also $3.5 billion to reduce energy cost foss low-income households funding forest thinning and restoration. as the risk of flooding rises, the bill provides $12 billion for fema flood mitigation grants, to increase coastal resilience and improve flood mapping. >> i think it could be characterized as a down payment in addressing climate change the problem is we can't afford to mortgage our future we need to make the whole

investment now >> reporter: that's where the second step in this process comes in during the bullets battle this fall it's expected to include larger investments in energy efficiency upgrades, electric vehicle infrastructure, and incentives for consumers to go even greener. >> what more specifically are some of the things that might be missing from the infrastructure package, di? >> reporter: number one is electric vehicles. not only for consumers, but electric buses and advance, and more investment 2349 grids, solar, wind, greener alternatives, all of which, by the way, would create more jobs, especially in rural communities that might need them. >> you need more investment in the grid, if the deplanned for electric vehicles and other things will go up, because we're going to be demanding more of the grid itself. that infrastructure bill now sits where in the house awaiting action and it's all tied up in the

budget debate, isn't it? >> yes, speaker pelosi says she'll hold the vote on that until they get into the budget resolution, which is in the fall that, of course, will be a bigger battle. so, you know, the beat goes on, tyler. >> it sounds like a difficult needle to thread, and it feels like they're asking for a lot. diana, have a great weekend s. >> reporter: you too i don't know if you're a baseball card guy, but man, just as it was about to list, the rug gets pulled out, the deal goes to fanatics. >> they've had that arrangement with mlb for something like 70 years, now tops only has in the card area nhl hockey or mls soccer but the baseball cards, the bubble has popped.

>> it's amazing -- did your son -- >> he's got some good ones, too, like an original tom brady a lot of football cards. >> see, that's where the money is you have a great weekend as well. >> thank you. you know what happens next "closing bell" starts right now. we'll see you next week. it does indeed tyler, kelly, thank you very much i'm wilfred frost, stocks are volatile, ending on a high note. >> happy friday. let's look at what's driving the action technology among the top sectors today. nvidia, microsoft, adobe, all standout winners right now the energy sector down around 7% just this week, with big weekly