♪ bougie like natty in the styrofoam ♪ ♪ squeak-squeakin' in the truck bed all the way home ♪ ♪ some alabama-jamma, she my dixieland delight ♪ ♪ ayy, that's how we do, ♪ ♪ how we do, fancy like, oh ♪ it's 5:00 a.m. at cnbc and here is your top five at 5:00. hung up in the house, democrats now at odds with each other over next steps in the president's multi-trillion dollar spending plan is it possible that nothing gets done america taking hits from its allies over the afghan crisis with the uk and france now demanding more time to get their people out back on wall street. stocks trying for a third day of

gains as tech remains in the driver's seat. we will bring you more crypto crossing a key psychological level for the first time since mid-may we dig into the rally ahead. and it may be only august, but starbucks is bringing back the spice to its menus beginning today. it is tuesday, august 24th and this is worldwide exchange good morning, good afternoon or good evening and welcome from wherever in the world that you may be watching. i am brian sullivan. good tuesday morning here is how your money and the global markets are setting up their day. stock futures they are higher again across the board all the major averages right now showing an indication up 2 to 3 tents of 1%. not big gains, but gains nonetheless. look at tech, the nasdaq futures

are up more on a nominal basis than the dow futures could be another big day for big tech and that's incredible run ahead. even the only weak group lately and that has been the small caps staging a decent little come back rally on monday up nearly 2% for the russell's best day since all the way back in july. speaking of, bouncing back, we continue to watch crypto bitcoin yesterday back above 50,000, it's not there now, but it's still up 49,737 ether, ripple, lite coin are higher across the board much more on crypto a little later on in the show and crude oil coming offa 5.5% jump on monday snapping not only a seven-day losing streak, but a multi-month decline. oil having its best day since mid-march. wti crude right now is higher

again, to 66.10. around the world trading already well under way in the uk with, again, you guessed it, more gains. joumanna bercetche has more. >> you're talking about the rebounds across various sectors. i want to draw your attention to the rebound in chinese equities overnight as well. shanghai composite up one percentage point, the hang sang index off 2.5 percentage points. we are seeing a bit of love for chinese tech names, the likes of jd.com up 15 percentage points, tencent up 9 percentage points the handover for european equities has been positive but is a cautious session. we are only up about a tenth of a pest ablng point in terms of the individual indices let's break it down more the ftse 100 is dropping down

about a tenth of a percentage point, sainz bury we saukd about that stock because of the u.s. private equity interest, today trading on the back foot down a couple of a percentage points but we do have a good performance from miners at the top of the ftse today. luxury in focus, the ties to chain a big one but luxury are doing well today given the performance in china in germany up about 0.3 of a percentage point a smidge better than expectations at 1.6 percentage points in terms of sectors we have defenses on the back foot, teleco utilities down, some of the banks under pressure at the top the high sensitive basket of travel and leisure is up 1.6 percentage points and perhaps again another sector reacting positively to that fda approval for pfizer/biontech, it

is a good thing for the travel industry, brian. >> yes, it certainly is. joumanna bercetche, a lot of green as well. thank you very much. so the markets they're down, now let's get to the news and some of this morning's headlines including more on a big business meeting at the white house later on today contessa brewer is here with that and more. good morning >> good morning, brian the chief executives of apple, microsoft, amazon and more reportedly plan to attend a white house meeting with president biden tomorrow the topic, how private companies are improving cybersecurity. there has been a dramatic uptick in ransomware and online attacks during the pandemic costing billions it's a real threat to the system itself invitations to the event were also reportedly extended to the ceos of google, ibm, southern company and jpmorgan chase disney has reached a deal with key unions to require all its unionized employees working

at disney world in florida to be fully vaccinated against covid-19 by october 22nd last month the company mandated all its salaried and nonunion hourly employees in the u.s. to be fully vaxxed by september and ford is reportedly doubling its production target for the all electric f-150 lightning to 80,000 by 2024 because of strong early demand reuters reports the company plans to spend an additional $850 million to meet that target the f-150 lightning is due to hit showrooms in early 2022. brian? >> i could see you up there at your mountain hide away in an all electric f-150 what say you, brewer >> i mean, i have a pickup truck, but i would trade in for electric if only i could get the outdoor place to plug it in. >> and do you tow anything

that reduces -- i don't know if you have a giant boat you're towing around or anything. >> well, the plow on the front is what does it for me >> that's -- of course the plow does it. the plow is everything contessa rewer, none of this i surprising we're going to go back with you in a few minutes thank you. >> okay. all right. now back to the markets and your money. with the jackson hole fed meeting effectively put on hold by going virtual what could be the big drivers of the market going forward? let's bring in bill stone, chief investment officer at the glen view trust company bill, welcome back listen, jackson hole is still happening, but pretty much everything you read in the market, it's like, well, it's virtual t takes away some of the, you know, shine from it, based on what we might hear. or is that not true? do you think that jay powell and the fed could still make a bunch of big headlines >> well, i think it's going

completely virtual just told the market that they are not going to make the big headline that i'm going to say that people might have been worried about, which is that there was going to be some big rollout of reducing the asset purchases here in the short run i think that's off the table. i think that's why you saw the market perk up a bit on friday after a pretty poor week and maybe why we continued to have a nice rally into this week. we had seen some worries because really part of it is it gives, i guess, the actual concrete side to the fact that we have seen an actual impact of the increase in infections so we know it's showing up in the economy and taking that meeting virtual just, you know, kind of brings it home >> does it matter if the fed delays the reduction or the taper, whatever you want to call t by a month or two, bill? that's what i guess my point is.

like we know they're going to do it if they do it in september or november, does that really make that much -- or should it make that much of a difference for our viewers that are just throwing money every month in a 401(k) plan? >> i mean, it honestly probably shouldn't, but i think what's underneath the surface is this worry in the market that the fed is going to move too swiftly to take away accommodation and that could snuff out this strong economic recovery -- actually now i guess i have to call it an expansion. that's really underneath it. the exact timing, you know, you're right, it kind of seems silly that a few months would necessarily make a big deal. i think the real deal is while the longer you wait is maybe to be more sure that the infections aren't really going to get bad enough to truly sink the economy and you don't want to be moving ahead of that. >> yeah, i mean, so as a fund manager, somebody trying to

manage money, look at companies, look at earnings right now, is it all kind of about the path of cases and outcomes i mean, nobody wants to become an amateur epidemiologist but we have all become sort of forced to be one. there's some very positive trends by the way down south with florida, their top seven counties rolling over in a big way, thank goodness, with cases coming down. is that kind of the first thing you look at every day, bill, or if not, what is? >> it is quite a bit you know, watching on the margin of, you know, transit usage. i'm really interested in consumer mobility because at least certainly recently when you look at the economic numbers, let's just use retail sales last week, the headline didn't look great, but underneath the surface there was good news there. you still had restaurant and bar sales up nicely month over month and that is, again, you know, the services side, the side that covid really hurt and kept down longer it was, you know, i say is still getting better these cases we're seeing, again,

consumer mobility is declining somewhat i try to put it into relative, it's not collapsing like we saw before so i have to shave some numbers on the margin. but on the whole it still looks good i think it's going to push some of that economic activity out until, say, the fourth quarter and 2022 so i think we will still get it. so, yeah, i mean, that is a big part of what we look at. i think the other part is it's probably, you know, some of the inflation may stick around a little bit longer, certainly i'm looking at companies, you know, part of the scenario you have to see where they're able to raise prices and such. >> i was at an ace hardware yesterday, bill, and speaking of the woman who runs t she was saying every week i raise prices and not by a little, by a lot, with no sign -- i said do you think it's transitory? she said, not to my customers. bill stone, always a pleasure to have you on, bill. thank you very much. >> thank you all right. well, yeah, we have all been

forced to look at all these things we never thought we would be looking at. anyway, we are just getting started on a tuesday and when we come back, we asked and you answered about what will have the best return on your money over six months. and we are now halfway through the big contestand we've got the results ahead. plus this morning's big money movers and why shares of palo alto networks are popping in the premarket look at that. up 11% >> later on the consumer battle heating up again with walmart continuing to go after amazon. we will tell you how now when we come back with futures hier icarnd staying up half the night searching for savings on your prescriptions? just ask your cvs pharmacist. we search for savings for you, from coupons to lower cost options. plus earn up to $50 extrabucks rewards each year just for filling, at cvs pharmacy. i became a sofi member because i needed to consolidate

my credit card debt. i needed just one simple way to pay it all off. it was an easy decision to apply with sofi loans, just based on the interest rate and how much i would be saving. there was only one that stood out and one that actually made sense and that was sofi personal loans. it felt so freeing. i felt like i was finally out of this neverending trap of interest and payments and debt. ♪♪

welcome back time for your big money movers the key stock stories that are happening right now. stock number one, we showed it to you before the break, palo alto networks, shares are popping after the cybersecurity company's second quarter sales topped forecast and gave an upbeat outlook the ceo spoke with jim cramer last night on "mad money." >> you have to be good at product and constantly relevant in the product space this is something other cybersecurity companies have not done on a consistent basis across multiple steam lines. one thing we've proven today, we did 64 pieces of invasion over the last three years where we delivered that is products to the market, we have more to

come. >> and that stock up 11% right now. all right. stock number two, camping world, shares also higher it said it will double its quarterly dividend to now 50 cents a share and its annual payout at 2 bucks a share because 50 cents times four is $2 didi global in the uk reporting the chinese ride hailing company suspending plans to launch in europe by at least a year. sources say the delay comes from concerns over how didi handles passenger data under an attack from the chinese government. >> symptom number four theravance bio a study found that one of its drugs did not pressure up to a placebo in treating ulcerative colitis. shares are down 25% losing a quarter of their val lult right now. so the big money movers they are down, but we will roll on

right after this and we will hit how the growing crisis in afghanistan now has america's allies begging president biden for more time, but their citizens remain at risk in a country that has been overrun by the taliban >> announcer: today's big number $129,300 that was the average 401(k) balance as of the second quarter according to fidelity investments. a new record that's up 24% from a year ago.

we did it again. verizon has been named america's most reliable network by rootmetrics. and our customers rated us #1 for network quality in america according to j.d. power. number one in reliability, 16 times in a row. most awarded for network quality, 27 times in a row. proving once again that nobody builds networks like verizon. that's why we're building 5g right, that's why there's only one best network.

how do plastic bottles turn into this? wm and repreve have given new life to over 20 billion plastic bottles. and we're just getting started. see how recycling is one of the many ways wm is always working for a sustainable tomorrow at wm.com/stories.

all right. welcome back with more american soldiers on the way to the country, president biden facing pressure now from allies to extend america's presence in afghanistan so american citizens and western allies can get their still trapped citizens out safely the president will meet virtually with a group of seven leaders to discuss the situation later on today let's get more with dan murphy who joins us now from abu dhabi. dan? >> reporter: brian, today's g7 meeting is going to give us more clues on whether or not president biden will extend that evacuation deadline or whether or not he's going to stand firm on that initial august 31st date and, yes, the president is under increasing pressure from uk and european leaders who want more time to get their people and their equipment out of kabul, but the president has already

said his hope is that they won't need to extend that's because the taliban have already given the u.s. a red line and it's this, they say complete the evacuations on time or face, quote, consequences now, we don't know what they are yet but white house officials say there is a real concern now that if the u.s. tries to change this deadline the taliban is going to lash out at americans and allies in afghanistan which could put some 6,000 u.s. troops and vulnerable others at the airport in harm's way. remember around 50,000 people have been evacuated from afghanistan since august 14th. of course, there is still more to come and you can imagine this fast approaching deadline is causing a lot of angst on the ground because officials say it's still going to take days to fully exit kabul so the challenge for the g7 today will be to develop a plan to speed up those evacuations, to meet the deed line. they're going to need to coordinate resettlement programs as well so these people have

someplace to go and they are also going to have to discuss an approach to engaging with the taliban in the longer term including whether or not to withhold aid, formal recognition or use economic sanctions which are all being discussed now. brian? >> all right world leader reaction, the group of seven allies, dan, what are they saying? what can we expect >> well, it's interesting, brian, because it really does seem like britain is leading the charge here as chair of the g7 we know the british prime minister boris johnson has suggested that he would like to see the deadline being extended in order for british troops to get out. similar calls we have heard from france and germany, but the problem is that if the u.s. pulls out before them, they can't stay on the ground so a mad rush now under way to get people out of kabul and out of afghanistan before that deadline all eyes, all ears now on what president joe biden has to say back to you.

>> yeah, still a very dire situation there. thousands of americans and their allies are stuck unable to get to the airport, very dangerous dan murphy, thank you. all right. now let's go back state sighed, including a historic moment for the state of new york. let's get more on that and some of this morning's other top headlines with phillip mena in manhattan. good morning. >> good morning. new york now has its first female governor. kathy hochul was sworn in at one minute past employed knight, she is the state's 57 governor former governor andrew cuomo issued a blistering farewell address condemning the state attorney general's investigation into his sexual harassment allegations. the leader of the far right group the proud boys is headed to jail. on monday a judge sentenced 37-year-old henry tar joe to more than five months in a d.c. detention center he admitted to burning a black lives matter banner taken from a historic black church during a

pro-trump demonstration in december also pleaded guilty to gun possession charges he must surrender to the washington, d.c. jail on september 6th. in court he told the judge that burning the banner was, quote, a grave mistake. and finally this morning home security footage in bristol, connecticut, captured an unlikely porch pirate making off with an amazon package just five minutes after amazon dropped off that box on the woman's porch that bear snatched it up. it was found in a neighbor's yard after it apparently lost interest in what was inside, toilet paper the woman said it was angel soft not charmin, that might explain why the bear didn't want t talk about brand loyalty. >> i have a lot of questions i mean -- >> i only have so many answers, go ahead. >> amazon? you're ordering like one package of toilet paper on amazon? it's like -- it doesn't seem -- anyway -- and maybe the bear had

just great hygiene you never know i mean, right? what do we know about that bear? looked pretty nice to me. >> well, we know he goes in the woods, that's one. >> if a bear goes in the woods -- i'm going to stop anyway, just one roll of toilet paper in a box it took like an entire tree to go to the bathroom phillip pena, i'm going to stop. thank you. >> all right, buddy. >> you've got to go, you've got to go. all right. straight ahead, from bitcoin to chinese stek stocks, it is all about the bounce look at that they are higher across the board. alibaba 5%, tencent up nearly 9% we will dig into it all coming up plus the advertpfizer ceo speaku after they got the green light for former approval of their

covid vaccine. if you are not already following our podcast, it's called worldwide exchange. i think it's got a 4.8 rating. i have no idea why but we appreciate it dow futures up 51 and we are back right after this. tailor made or one size fits all? made to order or ready to go? with a hybrid, you don't have to choose. that's why insurers are going hybrid with ibm. with watson on a hybrid cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you.

every single day, we're all getting a little bit better. we're better cooks... better neighbors... hi. i've got this until you get back. better parents... and better friends.

no! no! that's why comcast works around the clock constantly improving america's largest gig-speed broadband network. and just doubled the capacity here. how do things look on your end? -perfect! because we're building a better network every single day. is the reopening rally back on markets look to make more new highs today as optimism hits and covid cases may finally be

peaking in many parts of america. don't call it a come back, or maybe do. as bitcoin continues to test three-month highs and its recent rebound. and let's make a deal. nancy pelosi dealing with more democrat infighting as they try to push a multi-trillion dollar spending package even as the american economy booms it is tuesday, august 24th, and this is "worldwide exchange" right here on cnbc welcome orwell come back and good tuesday morning, everybody. thank you very much for joining us, just about 5:30 here on the east coast morning money and stock features are in the green we are likely to make more new record highs today, especially for big tech because we've got nasdaq futures, they're up more than dow futures i don't mean on a percentage

basis, they are that, but on a nominal basis they are up 64, dow futures up 43. we normally don't see -- nasdaq up more than the dow, but that's exactly what we're getting in other words, it could be another big day for big tech so much for the dog days of august all right. one big stock to watch today is pfizer this after the fda finally granting full approval for its covid vaccine. pfizer's ceo albert boylos saying his company is already developing a new and better version of the vaccine for the new strains of covid >> we are making right now specialized vaccine for delta. i'm almost certain that we will not need because, again, the data that we have seen not only from our own labs but also from emerging data from israel is that the booster shot of the

current vaccine is very, very, very effective against delta, but we cannot take that chance, right? what if something happens? so we need to make sure that we have it as a tool. we will do the same for every variant that comes out >> all right that was albert bourla with pfizer last night. positive news on the vaccine front, we're seeing cases start to turn over on states like florida and parts of the south starting to slow their growth. maybe a more reopening rally on type day. also happening now, investors buying back into a bunch of china-based technology stocks, even with the government continuing to crack down, buyers have stepped in. we have some of the big movers there has been no change in the regulatory environment but yet we're starting to see maybe a little renewed optimism at least with some of the bigger names.

>> yeah, you're absolutely right, brian i will give you a sense of what's going on here according to some of the conversations i have had, some of the experts today. firstly, you have a lot of buying the dip going on, the index in hong kong, bear market territory last year, a lot of the stocks have been beaten up, the likes of ten cent and alibaba, jd dot-com shares ended the day 15% higher as well we have more clarity on the regulatory situation on friday china passed a major data protection law and that was really the end of all the landmark kind of laws that have been slated to come in to force this year. so there is asense that investors know what that pathway looks like, the companies know what they're dealing with at this point and so they feel more confident to deal with that. i've been listening to earning calls from the big tech giants in china talking about how they've done internal checks and

reviews to make sure they're compliant with the new regulation and they feel confident they're going to be able to comply with that speaking of earnings you have had a slue of earnings from tech joints like alibaba, tencent and they have had broadly quite positive even though expectations have been low and that's given optimism to the market at this point as well i think that's really what's happened here in china and why you're seeing this huge reaction today when it comes to chinese tech stocks as well. one other point to make with the nasdaq at this kind of record high as well, there is the sense that there's perhaps a little bit of buying or buyers looking for value and have seen the -- those stocks in china taking a battering. the question is is this a sustainable leg higher or is this just a short-term blip as a little bit of optimism does return to the market, brian. >> well, yeah, and you just nailed it. i mean, the question right there at the end, i mean, short-term blip or some renewed optimism

despite the fact that the chinese government is cracking down big time on anything having to do with data or privacy as well something i know you know very much about thank you very much. all right. now some of this morning's other top stories including house democrats hitting a new hurdle on the president's plan to spend trillions more even as the american question booms. contessa brewer is back with that and more. contessa >> brian, house democrats are set to reconvene later today because they're trying to strike a deal within their own party to advance the infrastructure and spending bills speaker nancy pelosi scrapped plans to vote late last night on the two pieces of legislation because of a stalemate with centrist democrats these middle of the road democrats want pelosi to put the infrastructure bill to the vote first before tackling the spending bill. pelosi wants to package the bills into one vote to push centrist toss vote for the

robust spending bill as well as the more popular bipartisan infrastructure bill. so we will see what happens there. it's clear that she needs to get some of these more centrist democrats on board okay walmart unveiling a new delivery service that will carry goods from other local retailers to customers. the company says the service called go local will start by the end of the year and will use new technology such as self-driving vehicles and drones walmart adds that go local will offer competitively priced shipping using a combination of associates, gig workers and sometimes other delivery companies. and the faa is reportedly looking into boeing employees reporting pressure by the company over safety matters. that's according to reports that an agency survey of a small sample of boeing employees this year found roughly a third of them reported problems that included being pressured and challenges in transparency with

regulators the aerospace giant continues to navigate setbacks over engineering and quality issues with its aircraft in recent years including two fatal crashes involving its 737 max jets boeing up almost .6% in extended trading. >> all right contessa brewer, thank you very much for that. boeing shares not reacting to that news. all right. so from contessa to crypto and bitcoin and others making a big bounce back in the last couple of days. let's talk more about what has changed or maybe not changed in the last few weeks with crypto and i will bring in noel a achison. good to have you back on. >> hi, brian. >> you track on chain activity thank you. basically a very fancy term for user interest or activity. what are you seeing with regards to investor interest

is it back or is this just the same buyers coming maybe back in in a bigger way? >> that's a fascinating question, brian. and it gets to the fundamentals of what do we mean by on chain activity i do want to caveat that everything i say and my opinions are not those of my employers. and i should also point out that investors never really went away what on chain activity allows us to do, this is something that few people outside of crypto fully grasp, it allows us to gauge sentiment by the actual movement of the assets because of the transparent nature of block chains we can tell without knowing names of course which addresses bought what, how much, when, at what price r they in profit, what have they been doing recently. these data points have been telling me that holding activity has been notably more pronounced over the past few weeks than it was in june or july, for example. >> i mean, it's been quite a run back i mean, but basically back to where we were.

bitcoin off its highs but ether was like 3,300, almost to 4, collapsed and has come back. i guess we know what's happened, some people unfortunately probably sold, you know, as the market fell, now that they've got the fomo, fear of missing out on the return rally. what are we looking at ahead what's going to be the driver of crypto going forward are we kind of just waiting until the fall is it the fed? is it more companies getting in? what >> it's a mixture of everything, brian, and i know that's an easy answer but it actually is the case the unchained data has been -- for quite a while, but you need to see a change in the sent: we are seeing that not just the huge amount of money flowing into the industry from jpmorgan and others but also some of the funding rounds from market infrastructure companies, crypto market infrastructure companies. layer on that market sentiment

which affects all markets as you know and, yes, crypto watchers are keeping an eye on what's going to happen at the end of this week at jackson hole. will federal reserve chairman powell decide to announce tapering now or will he wait a for a bit? for the second year in a row this will be a have i remember actual event we didn't expect that. we thought by now we would be back at in-person events it's a stark reminder of the covid shaped problems that the economy is going through sentiment matters a lot. one fundment change in the market, brian, since last year is the role of bitcoin bitcoin now accounts for less than half of total crypto market capitalization you mentioned ether. that on many metrics has outperformed bitcoin so far this year and there are many other smaller assets that have had astonishing performances for somewhat different reasons than bitcoin, seen less as macro assets and more as technology plays and technology is progressing at a fascinating

pace >> how is the trader interest? how are the volumes, do we know? >> volumes are not extraordinary, but they're up from where they have been during the depths of the bull market. what we are seeing in the market is less leverage than last time we were in an upswing, that's because of some structural changes in the market, we've seen regulators pressure some of the exchanges to lower the leverage as possible as well as a general change in sentiment. we are detecting more caution this time around, which is a good sign. >> noelle, a pleasure to get you back n a lot of interest i know in crypto as people say bitcoin is back at 50,000 it's amazing the round numbers don't mean anything, but they kind of do >> never a boring day, brian thanks very much >> we wouldn't have it any other way. thank you very much. all right. it is never boring in the world of money and finance and crypto in particular. coming up, well, it still may be 110 degrees with 100%

humidity outside in new jersey, but starbucks says what a better time for a really hot fall-flavored beverage a look at this morning's top trending stories ahead first some yasmin vossoughian why you are top headlines. >> the crypto recently stolen has been returned by the hacker who took it. poly network says the hacker began returning the funds as soon as the heist was unveiled and has provided the key to the remaining fund how about that elon musk giving a less than optimistic take on tesla's latest version of its self-driving software, calling it, quote, not great musk's comments in a tweet comes days after he touted the autonomous systems at the ai day. and viacom cbs look to go unload another one of its highway profile companies. the company looking for a sale at the 40 acre center in studio

center, california news after the sale of the iconic headquarters. futures they are higher and we are back right 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 and futures contract prices around. don't get mad. get e*trade and start trading today.

all right. welcome orwell come back we have a pretty pricey rock, crypto getting into the name game and some fall fans seeing the return of maybe their most beloved drink. the always beloved contessa brewer is back with a look at this morning's top trending

stories. contessa, what's trending? >> are you ready for this, brian? nfts are seen a variety of offerings, you know, you have art, you have sports personalities and really everything in between. well, now add a rock to that list clip art of a rock just sold for 400 ether or about $1.3 million. the buyer crypto mogul justin sun. this is his tweet, it marks the latest sale of ether rock, a brand of crypto collectible that's been around since, oh, the old days, 2017 it was, of course, one of the first nfts there it is. sticking with cryptos, the exchange ftx has bought the naming rights for the university of california berkeley's football field the ten-year agreement comes at a $17.5 million price tag and it marks the latest sponsorship move by ftx which secured the

naming rights of the miami heat's arena for a reported $135 million in june. ftx everywhere. and fall fanatics rejoice, starbucks fall menu returns today, in august, and it always includes the popular pumpkin spice latte. so while the temperatures may be approaching 90 degrees in the new york city area today, the company is also rolling out its pumpkin cream cold brew to actually help cool customers off. if it's so popular, brian, i don't know why they don't offer it all the time. i mean, really, if pumpkin is your thing, wouldn't you be willing to drink it, i don't know, around easter? >> yeah, but then we wouldn't talk about it. bring it back and do a story on it -- first off, it's not 90 degrees, contessa, it's like 140 kegs with 100% humidity in new jersey and, by the way, i'm just not down with the gourd.

i don't like any gourds, pumpkins, whatever gourds there are. no thanks. are you gourd-ish. >> we should probably end this -- we're going to head towards vegetables or something next >> i don't even know what that means. sullivan googling that word. contessa, thank you very much. appreciate it. >> okay. >> i'm just not down with the pumpkins all right. or my voice. on deck your morning rbi and revisiting one of our big money polls. you thought you knew what would be the best investment over six months we're going to remind you of what you said and where we stand now. and a reminder, make sure to catch cnbc's evolved stream with retail today, 1:00 eastern time. a big lineup including the ceos of kohl's and chewy. you can register at

'rba rhtomvoe.lv wee ckig after this.

i'm dad's greatest sandcastle - and greatest memory! but even i'm not as memorable as eating turkey hill chocolate peanut butter cup ice cream with real cocoa. well, that's the way the sandcastle crumbles. you can't beat turkey hill memories.

today's rbi is about the markets and about how right or wrong some of you have been and do not worry, we are not slamming you it has to do with the market poll from three months ago you may not even remember it and where we stand right now back on may 25th we asked which will have the best percentage return between now and the close of business on the wednesday before thanksgiving? we gave you four choices the s&p 500, gold, bitcoin or oil. well, today is basically halfway into the contest and it looks like 31% of you are going to be right. because you picked bitcoin it is up roughly 30% in the last three months the nearly 7% jump for the s&p 500 and the minimum rise for oil they don't even compare. and don't even talk about gold

what do they say here, forget about it it's actually down 4% over the last 90 days we are not done. there's still three months to go and anything can happen. crypto could collapse again, oil big drop may be finished, who knows. but halfway in one-third of you have just nailed it. we're so proud we will update you in another three months random, but hopefully interesting. why don't we stay on the markets and your money and welcome back in laurie calvacina. the funny thing about that poll it's like i'm slamming the stock market because bitcoin is up 30%. a 7% gain for the s&p 500 in 90 days is damn good. >> it is it's great and for the year as a whole stocks have had an each better year look, brian, we are in a hot economy, we are seeing gdp coming in very well above trend. that's something we really

didn't see much post financial crisis, but historically when you get a hot economy you get extremely strong equity market returns. markets have also been discounting that but like you said the 7% move is not bad. it may not be as good as some of the alternative asset classes but still quite a stellar move. >> i feel like there's two worlds going on right now, planes are packed, malls are packed, i mean, packed to the point where there are lines in pennsylvania to get into stores. >> yeah. >> on sunday at the king of prussia mall true story, but yet we're hearing all about the new rise of covid strains, new concerns i mean, it's -- you look at it and it's like how do we square the two? but it appears that despite some of the worries there and rise in some cases outcomes have been better and it feels like the economy continues to power on. what are you seeing and what do you think is going to happen in the next couple of months?

>> so, look, brian, i will just say i am from the south, i grew up in alabama, i have a lot of family and friends down there so i've been attune with what's going on with the virus but i'm also a professional prognosticator on the s&p so we watch a lot of data. one stat i have been focused on is looking at the open table dining activity which has flattened out over the summer. a week we wrote about how you had seen deterioration at most of the states around the country not just in the south, we think a lot of that was because of the delta variant and concerns building but when we updated the data we found states are starting to show signs of stabil stabilization. in general we're seeing the response to the delta variant in that data set. at the same time while we see a little bit of concern, a little bit of reaction in there, they're holding up remarkably well we have seen a flattening out of

that data set not a collapse of that at the end of the day we heard early on from s&p companies on the consumer side about how mobility was still improving, that we haven't seeing shutdowns. we had a number of companies last week in reporting season say our guidance doesn't include the possibility of further shutdowns. i think that's generally, you know, what we're seeing in terms of our societal reaction is that we're not going back to lockdowns, we're not going back to shut downs and that is allowing the economy to keep muttering through. >> but that's got to be, maybe not, a huge market risk. i mean, as we head into fall if it's like last fall that's when the northeast -- you watched this seasonal trend. you know, if we get some kind of renewed talk of that, is that the risk maybe we're not talking enough about >> well, look, i think that it's been a difficult market this last month or so because people are just focused on what they want to be focused on and it makes it very hard for people who are focused on different

things to have conversations about what's going on, but i do agree with you that in the short term there does seem to be a little bit of a risk if you look tea reaction to the market to the consumer sentiment number markets were simply not prepared for the idea that this delta variant was having an impact on sentiment and behavior we basically have gone over the past week or so into negative economic surprise territory. we have seen the citi economic surprise indicator dip down into the negative territory for the first time in a long time. i think in the near term there is risk that investors have been too clays ent about the short-term impacts of this variant. back to school is an important clearing event for markets to get through especially given the concern rise around children and the delta variant. a lot of unanswered questions there, i'm not going to try to answer them for new morning but i do think that's a critical catalyst that markets may need to get through. >> the markets have been good with the exception of one group, small caps they are actually down over the last three or four months.

>> yes. >> is it safe? is it good to buy small caps again? >> so, look, i think small caps are this wonderful economic barometer, they are -- allow you to price in so many different risks, whether it's inflationary risks, whether it's domestic growth risks i think in the short term as long as markets are digesting these short term impacts from the covid variant, until these covid clouds clear small caps will be a tough place to be. we haven't seen small caps breach true correction territory. they have had a number of lumps, haven't gone down more than 10% from their peak so the market is telling you that they don't really expect a true growth scare to ensue from all of this. i think you will have a nice intermediate term trade in small caps once covid clouds clear we are still facing hot gdp next year, small caps traditionally do well. looks like some of these inflationary pressures may be peaking that should help margins as well. as much as i love that space and a lot of things about that space, the fed always kills the

small cap trade. with he reliably see when fed rate hike start that small caps take a hit relative to large cap. >> at some point rates, i imagine, may have to go up and or maybe not they've been going down for 30 years. l always love having you on your valuable insight have a spectacular day thank you very much. >> thanks, brian all right. you're very welcome. with that we wrap up tuesday's show here on "worldwide exchange." dow futures up 25, tech knew tours, nasdaq are up more than that could be another big day for big tech, crypto and oil up again as well we will see you tomorrow squawk and thean gg picking it up next. have a great day does your vitamin c last twenty-four hours? only nature's bounty does.

immune twenty-four hour plus has longer lasting vitamin c. plus, herbal and other immune superstars. only from nature's bounty. it's moving day. and while her friends are andoing the heavy lifting,s. jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today.

good morning, hall

no wait. good morning house democrats at a standstill calling off a test vote to advance the infrastructure and budget bill yesterday. they're going to reconvene to try to bridge the divide today we will take you live to washington meantime, on wall street stocks will try for for a third straight day of gains, led by tech names and some hard hit china tech stocks, which are staging a big rally overnight we will show you what's moving. plus vaccine mandates are on the way and the public and private sector after the pfizer jab won full fda approval. we will talk to an expert about exactly what your employer can require to you do. it's tuesday, august 24th, 2021 and "squawk box" begins right now. ♪ >> good morning, and welcome to "squawk box" her