it is 5:00 a.m. in new york and here is your top five at 5:00 cyber summit on deck top tech ceos heading to the white house to talk cybersecurity, but is there any real way to stop all the recent hack attacks mean stock madness back in vogue as amc, game stop and the like all look to add to a late session surge yesterday. deals in d.c., house democrats breaking a stalemate over president biden's more than $3 trillion new spending plan. goldman sachs throwing down the hammer when it comes to

covid vaccinations at its american offices grab some meatballs and maybe go get a screwdriver because ikea may be making one of its biggest store changes ever it's all happening on this wednesday, august 25th, and this is "worldwide exchange." ♪ good morning, good afternoon or good evening and welcome from wherever in the world you may be watching, i am brian sullivan, good wednesday morning let's get right to it, see if this record-breaking rally will roll on today. and right now it looks like it will, futures they are higher again, not by much, but they are in the green, dow futures up an entire 5 we are watching big tech, the nasdaq, futures up 20 points, right now again more than the dow. you know, we are coming off more new records, the s&p 500 just

continues to amaze, coming off now its 50th record close of the year and 62nd all time intraday high yesterday now, small caps, they've been dealing left out, but finally kind of decided to join the party this week after a 2% gain on monday, the russell 2,000 seeing another 1% move higher yesterday, that was its third straight winning session still well off the pace of the other indexes, small caps we've got our eyes on you. and as the ceos of apple, google, amazon and more head to the white house today to talk about the growing threat of ransomware attacks, we are watching the cybersecurity etf, maybe not surprisingly now coming off a fresh record high, all time closing high as well, got names like palo alto, crowd strike and splunk all help pushing it up, up and up year to date, in fact, that cybersecurity etf up 13.5%

let's check markets around the world. asia overnight, again, we're seeing a lot of green on the screen not a whole lot there in terms of the hang sing but the shanghai composite up three quarters of 1% japan we will call it unchanged down 0.03% let's check out the european rally, spin the globe and find out how the european markets are doing, they are mixed to mostly higher more on the markets in a moment but first let us prep you for the day with some of the key headlines. another big bank telling its employees you get the job or you can home bertha coombs is here and joins us with more good morning. >> good morning, brian the u.s. department of energy is reportedly nearing a deal to buy a super computer made with chips from nvidia and amd as the department waits for an even larger super computer from intel

that's been delayed for months according to reuters, the joint nvidia -- amd machine called polaris will not be a replacement for the intel-based computer, instead it will serve as a testing platform for key software and hardware that the government plans to run on the intel super computer upon its completion goldman sachs is now telling employees that as of yesterday anyone entering its u.s. offices must be fully vaccinated against covid-19 according to an internal memo, the bank is also requiring that masks be worn in its office, regardless of vaccination status starting today fully vaccinated employees will also start receiving weekly covid tests starting september 17th or just after labor day and china is reopening its may shun terminal after a two-week shut down triggered by workers testing positive for covid-19 that terminal, the world's third busiest port, is a key linchpin for the global supply chain and

routes through asia and the pacific. this was the second closures of a port terminal in china this year due to a covid outbreak after the month-long shut down of another port in late may. brian, you know, retailers like urban outfitters, adidas, foot locker are talking about the shut down in vietnam impacting supplies with factories there shut because of a covid outbreak >> bertha, let me ask you, have you finished your christmas shopping yet i'm not joking. >> it's not a joke it's not a joke. shop early and often. >> no. if there's a hot product that you've got your eye on for yourself -- well, maybe you're not supposed to buy yourself gifts -- for family, friends, kids, parents, whatever, get it now. even with that terminal back up and running, we're going to see some christmas gifts rolling in in march bertha, thank you very much. >> yeah, it's going to be tough. >> see more of bertha in a few

minutes. back now to the markets. it has been said that maybe nothing else matters for the overall markets and your money than the federal reserve as the federal reserve goes or does, so do your stocks. our next guest pointing out there is a very interesting correlation between the s&p 500 and the fed's balance sheet. you would expect nothing less. the founder of lead market strategists at northman trader, always outspoken and glad to have him back on sven, good to have you back on, we follow your stuff obviously on social constantly it's been the most hated rally ever the last few years but a rally nonetheless, but does it really all come down to the size of fed's balance sheet >> hi, brian good to be with you. at the end of the day markets are bombarded with all kinds of information and variables, be it slowing growth, for example, or rising growth, what have you, or, of course, you know, china dropping into a bear market.

none of these things matter. there is one constant in the market and it has been like this since november, in fact. every month that the fed balance sheet makes a new high the s&p follows tit for tat and it's been going on and at the same time it maintains a steady trend. every time that trend gets tagged with provision, you know, we see a rally on the same day, no less. we see it now, no less, four months every time on the 19th and the 18th so market remains completely disconnected from anything else but those two constants and the fed balance sheet is one of them, absolutely. >> what's amazing about that is you're pointing to the actual days of the month, sven and we have talked on this show and we have hammered the idea of options. we've all had to become options experts, options experts, i think that tends to be driving a lot this have volume and it is amazing when you point to certain days how much, maybe if at all, do

options also matter right now? >> it's a big factor, of course, you know, we have all these -- the gamma fade going on at the same time and options expirations each month and the dates i just mentioned, the 18th and 19th in the last four months have actually coincided roughly with monthly options expirations. so obviously we know there's al goe rhythmic and program trading going on in markets as well and as long as the liquidity equation continues to drive everything higher you actually see markets devolve into a program that runs on its own it's not only the 19th that we're seeing the bottoms, in the last three months we've also seen kind of the peaks of each of these drift higher moves on the 14th and the 16th. so it's a very steady program that runs no matter what happens in the world >> and that is so incredible i mean, you think about being able to maybe, you know,

professional traders, maybe nonprofessional traders spotting trends, listening to guys like you and saying gamma hedging, all of this stuff around these days, let's jump n it becomes a self-fulfilling prophecy, does it not >> it does and therein lies a little bit of the danger because i think everybody is trained to react to the steadiness of it all. the danger i see are a couple of things first of all, this trend is extremely steep and as a result of this steep trend, you know, it really needs to be maintained because if it breaks then you can have a large technical reaction because it is so steep we are seeing shallower and shallower dips each time around because it has a certain angle to it. last week was a classic example. the same week when the fed's balance sheet made a new high the s&p made a new high, then we had that drop into the 19th and

it stopped right at that trend it's very critical that this continues to sustain itself. now, you can argue if it keeps going you can end up mathematically at 4833 by christmas by the end of the year, but watch out because one time that trend breaks -- and we've seen that a number of times in recent years, we saw it in 2018, 2019 and 2020 obviously with covid hitting, once these patterns get ever tighter, once you do have a sustained break you can see an avalanche of selling coming it hasn't mattered yet, but i think it's key to watch how this evolves. >> been 202 trading sessions since a 5% draw down and then to your point, sven, we get these 15% declines in three weeks. i don't know if that's healthy honestly i'd rather see a 5% draw down every couple months than once a year get destroyed. >> well, this is what the excess

of monetary policy brings, right? we not only have obviously the steady uptrend, but we have the largest disconnect of asset prices on the economy ever as long as you can run that separate program, if you will, disconnected, i guess supposedly it's fine, but, you know, i've been a critic on all this because it drives health inequality to an unprecedented degree, 89% of stocks owned by the top 10%. actually, princeton came out with a study and said that this wealth inequality is inefficient for the economy because ultimately the very rich are saving, this money does not make it into the real economy, now we're getting to the point where the fed actually is bringing about inflation in housing and food prices and what have you and who pays for that? who gets hurt by that? it's the bottom 50% that do not benefit interest these big rallies in stock markets >> yeah, and if you think prices are ever going to come down in a meaningful way, you maybe don't

realize how retailer business works. is a rent henrik, always a pleasure to get you back on. have a great day. >> great to be with you, brian. >> the 18th and 19th, we will talk about it a lot, gamma hedging, all the options stuff sounds wonky, but it's wbi, wonky but important. when we come back from the nortman to the nordstrom, why the luxury retailer still struggling to find its way, stock down 8.5% right now. president biden sticking with his plan for afghanistan evacuations even as the situation continues to deteriorate on the ground. we will get a live report from washington ahead later, to the border the supreme court holding up a rule over immigration from mexico a very busy hour still ahead "worldwide exchange" returns 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. 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.

it's that time of the show for your big money movers, the three key stock stories happening right now. stock number one is nordstrom. now, results they beat forecast and it raised its revenue guidance for the year, but sales were down 6% from pre-pandemic levels investors didn't like that and nordstrom also flagging, you guessed it, supply chain problems ahead of christmas, saying it simply cannot stock enough things like women's shoes and clothing for its nordstrom rack clothes

i'm not kidding. do your christmas shopping now >> stock number two, toll brothers, the home builder, better than expected second quarter earnings, sales did come in shy of estimates. the company hitting a new high in home contracts all as construction booms and toll says the demand remains very high for new builds stock up a little, about 2%. >> and symptom number three, another retailer, this one urban outfitters, down 5% even as the numbers came in better than expected, same-store sales up 22%, mostly, though, driven by big growth in online sales, another case, perhaps, of good just not good enough still the stock it up 11% over three months still on deck, ikea's big remodel, new vax freebies and call this mcclendon mcshortages.

your trending stories when we return

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now to more on the continuing humanitarian crisis in afghanistan, and despite it president biden sticking with his august 31st deadline to evacuate american troops and key personnel from afghanistan, this after meeting with g7 leaders as the number of those trying to flee kabul airport surges past 70,000 under the growing threat of terrorist attacks

nbc's jay gray joining us from washington with more jay? >> yeah, and, brian, look, those g7 leaders as well as lawmakers from both parties here in washington had asked the president to extend that deadline, but citing growing threats and the stepped up pace of those evacuations he says it will stand for now, though he does acknowledge the situation is still very fluid. >> reporter: transport flights are leaving the kabul airport every 45 minutes now and 24 hours more than 21,000 people have been evacuated. >> we are currently on a pace to finish by august 31st. the sooner we can finish, the better. >> reporter: president biden standing by his deadline for u.s. forces to leave afghanistan, acknowledging there are growing terror threats targeting the evacuation mission. >> every day we are on the ground is another day we know isis k a seek to go attack the

airport and innocent civilians. >> reporter: after a classified briefing on the situation republicans and some within his own party worry six days isn't enough time to get everyone out. >> it's hard for me to imagine all that can be accomplished between now and the end of the month. >> he will have blood on his hands. people are going to die and they are going to be left behind. >> reporter: satellite images show the crowds that continue to gather around the airstrip, chaos there and the constant pressure of taliban fighters on almost every street corner in the capital city, making it difficult and the pentagon says at times dangerous for thousands of stranded americans to get to the airport. >> it is a tenuous situation we have already had some gun fighting break out we run a serious risk of it breaking down as time goes on. >> reporter: another reason the president says he's sticking to his deadline, while also asking advisers to prepare contingency plans to stay longer if necessary. >> and, look, another factor in all of this is the taliban warning that there would be

consequences if that deadline was extended, in fact, brian, leaders now saying publicly, and i'm quoting here, we are not in favor of allowing afghans to leave. so a very tense situation there on the ground. >> yeah, and i read in the "new york times" that another taliban leader, jay, was telling women to stay home because some of the other taliban had not been trained to deal with women outside of the house so very scary situation there. >> yeah. >> jay gray in d.c., thank you all right. so let's get a check now on some of this morning's other top headlines, mostly state sighed, for those nbc's frances rivera is in new york. >> hi, brian good morning we start with reports of the so-called havana syndrome that cause add brief delay in the vice president's arrival to vietnam. two u.s. diplomats are being evacuated after experiencing strange hearing incidents at their homes. the havana syndrome which first emerged in cuba in 2017 has been

linked to balance and cognitive issues these new cases are not the first to be reported in vietnam. the trump era immigration policy known as remain in mexico is set to be reinstated on tuesday the supreme court denied the biden administration's request to pause the program. it forces people to wait in mexico while seeking asylum in the u.s. the justice department asked the courts last week to delay its reinstatement. the policy was suspended by president biden on his first day in office and terminated by the homeland security department back in june one of the most iconic album covers in rock history, that one right there, is at the center of a new lawsuit, spencer eldin is the baby, so he's now an adult, suing the surviving members of the band claiming it was child pornography and that he couldn't consent to the use of his image. according to court documents he claims to have suffered lifelong damages and that his legal guardians never signed a

release. he is seeking $150,000 from each defendant. a busy week for kanye west as he is working on a little more than an upcoming album. west filed paperwork to change his full name to ye his long time nickname citing personal reasons. a judge would have to approve it officially to change it. west is setting up a replica of his childhood home in the middle of soldier field in chicago. west is holding a listening party at the stadium tomorrow in that house brian, those are your headlines. >> every day it's something new. frances rivera -- i did not know who the kid on the album cover was until just now. >> lifelong damages. >> lnow let's get to some of today's top trending stories which include a milkshake

shortage, ikea's new groove and a double doughnut deal bertha coombs, i feel like i'm hosti ing "jeopardy. i will take what are the mcdonald's shortages. >> that slot is open you know, brian, in honor of the late charlie watts and the rolling stones it seems the theme song is you can't always get what you want. mcdonald's has run out of milkshakes in the uk, the fast food chain saying it is facing supply chain issues impacting over 1,000 stores in england, scotland and wales the company confirming the milkshake issue was due in part to a nationwide shortage of truck drivers. ikea is testing out a new store arrangement or several of them that do away with the maze of aisles that the store is known for. in a bid to build what they describe as the store of tomorrow the furniture warehouse opening

a, quote, future store in shanghai that includes an open floor plan and a theater-like space where ikea hopes people will hang out with friends customers will also be able to scan items for purchase with their phone. krispy kreme is sweet thing its sweet deal for the rest of the summer announcing it will now give two free doughnuts every day to any person who shows their vaccine card the deluxe freebie only lasts until september 5th, on labor day back to normal, but krispy kreme says it will continue the normal give away until at least the end of the year. so far more than 2.5 million doughnuts have been handed out through that deal. and a quick look at the top tickers trending on cnbc.com krispy kreme not one of them ten-year notes, pro logis, amc, alibaba and tesla. brian? >> the meme stocks are back, we have john najarian coming up to

talk about that. i'm amazed that you have hot names and somewhere on the list are bond yields. i'm just like, why i don't know >> because if you are looking to refinance your mortgage or get a new mortgage, you watch that ten year like a hawk >> it makes sense. it makes sense, but it's like up there with amc and these sort of -- you think of it as sort of a new thing because yields don't move that much i get your point, look what toll brothers say bertha coombs, thank you very much old man yells at clouds. all right. straight ahead, from grocery stores to gas pumps, a new report on the sticker stock that all of you now say you're facing. plus an exclusive view from the c suite and accounting firm ivan ramper when it comes to returning to work. we will be right back futures

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just keep powering on? looks like it. futures they're higher as the s&p 500 hits an incredible milestone, the nasdaq breaks another record and john najarian is here to break it all down. house democrats breaking that inter-party stalemate to push through the president's

multi-trillion dollar new social spending plan. and the white house calling on private sector to come up with a strategy to help combat the rising threat of cyber attacks. it is 5:30 a.m. on the nose and it is cnbc ♪ welcome orwell come back and good wednesday morning, everybody. thanks for joining us, i'm brian. here is how your money and investments look as we are exactly halfway through the 5:00 a.m. hour right now and futures they are up as we just said, not a big up, they are not soaring, there is none of those words, but they are in the green nonetheless. nasdaq up 22, dow up 19. once again we're seeing the nasdaq, smaller index, actually have a higher nominal gain tha the dow this morning the s&p 500 making an incredible 50th new record high on tuesday. the nasdaq just blasting right

through 15,000 more on that in your rbi coming up. trader stocks, once again, a big part of this run and it all begins with, who else, game stop after a rather, dare we say, boring beginning to the session, gamestop suddenly caught fire, surging more than 27%. look at that move, that's yesterday by the hour, around 1:00 p.m., boom, to the moon you can see that gamestop didn't end on its highs, but still what a rocket ship there. and it wasn't just gamestop going for a ride amc, robinhood, clover health and more, also surging yesterday. you have a meme stock, it was probably up on tuesday john najarian will be along talk being more on this action and maybe how the options market once again is playing into all of this. john will be up here in just a couple of moments. now let's get back to some of this morning's other top headlines clugs house democrats

working out their difference toss advance the president's economic agenda. bertha is back with those headlines and more bertha, long time no see >> that's right, brian thank you very much. democrats are breaking that stalemate with centrist party members to advance the $3.5 trillion budget resolution and more than $1 trillion infrastructure bill. the house approving those measures in a 220-212 party line vote late last night democrats are not completely out of the woods yet, though they still have to write the budget bill that will get support from both centrists who will likely try to trim the $3.5 trillion price tag, and progressives the house also approving a major voting rights measure, but that bill face has difficult road ahead in the senate. tesla and moderna topping the list of hedge funds favorite stocks to short as that investment strategy makes a come

back following the meme stock route earlier this year. goldman sachs has put together a list of the s&p 500 stocks with the highest total dollar value of short interest outstanding at the end of june. tesla topping that list, followed by s&p global, moderna and netflix. aon rounding out the top five. and an overwhelming number of american adults say that they've been hit by price hikes this year. according to a new survey from bank rate, 89% of those polled say higher prices have hit their wallets hard groceries filling up the gas tank and dining out at a restaurant among the areas where consumers are seeing the biggest sticker shock. the poll also finding that older consumers were more likely to report price increases than younger ones it's interesting, brian, we're seeing all these categories are moving up and what used to be the big inflation driver, health care costs, has been a lot lower

in terms of price growth than everything else, albeit coming from a very high price level. >> yeah, i think i said yesterday i was in a hardware store yesterday buying something and the manager who i was talking to said she's had to raise prices twice in the last week and she's like i'm not talking about 15 cents, i'm talking about $4 and $5 price hikes on certain items i made the mistake of buying some seafood last night, it was my wife's birthday, happy birthday to her, we had a seafood dinner >> happy birthday. >> i might have to bail off the seafood. i know you are from massachusetts, i want to help those up in gloucester, but wow. >> yeah. yeah it's tough when you're going for lobster, right >> by the way, speaking of gloucester, if you haven't seen the movie "coda" on apple plus, i'm just calling it right now, if it doesn't win best picture it will at least be nominated, i

may or may not have been crying at the end throwing it out there. "coda" set in gloucester bertha, thank you. i know that gore ton or mrs. paul is not in it. the biden administration is calling on the private sector to help prevent the growing cyber att attacks. jpmorgan, bank of america and others are set to gather at the white house today to try to talk about a potential plan to figure out how to stop all these hack attacks. eamon javers joining us on the cnbc news line with a preview. eamon, if you are in that meeting and maybe a hacker will be, if you know what i mean, what do you think is going to be agenda number one? >> well, look, brian, the goal here is to figure out how the united states broadly can respond to this wave of ransomware attacks and other hacks, including ip theft from major tech companies there's going to be a lot on the table here and the question --

the big question as a country is can the government and the private sector come together in some effective way to respond to this part of the reason why the hackers have been so successful in recent years is really because the response has been fragmented, it's not clear in the united states who is responsible for what piece and who can take what action the goal of this meeting is to sort of resolve some of those high-level questions and then also come together with some, you know, detailed specific points for how they're going to respond to these in the future if you look at that list of who is attending, it's really an all-star list of ceos. we have a wall graphic for you tim cook, satya nadella, sundar pichai, jamie dimon, brian moynihan, lynn good of duke energy and dr. barrett of girls

who code nonprofits in there as well. this is american industry writ large coming to the table with the biden administration and trying to figure out a solution to this. the question that i've got going into this today is, you know, what are they going to do that they haven't done so far and that's the big unknown >> i have two questions, then. you have questions, i've got questions, eamon, i'm going to fire them at you number one, is the media in-person or is it virtual because if it's virtual i would hope a cybersecurity meeting would be very secure from a cyber perspective. number two, what, if any, actual firm, hard take a ways are we going to get or is this going to be a lot of talk >> a big piece -- i don't know that everybody is going to be on site, but a lot of these people are going to be physically at the white house today. so this is a different thing in the era of covid where we're actually going to see people gathering on the white house campus so that's something to watch for there. and then your question about take a ways is a good one. we do know that the companies

are being asked to have deliverables here and to put out some specific proposals that they will announce later today so this is something to watch for throughout the day some of this has been preprogrammed, there are announcement coming, we don't know exactly what they are, white house officials a little coy about that but my question on those announcements is are we going to see real dollars put behind this, a real change in policy, or are we going to see a lot of window dress frg some of these companies as they sort of try to respond with the optics to what the white house is pushing for, but not really with anything significant. we're going to have to wait and see throughout the day. >> eamon javers covering that big cybersecurity summit, mostly which in-person at the white house. appreciate it. thank you very much. >> thanks, brian. all right. coming up, the ceo -- you're welcome -- the ceo of

eisneramper is here on some of the biggest concerns about returning to the office even as some companies are pushing back until 2022 that's ahead. before we do that -- no, we're not going to get more new top stories. we're back right after this. dow futures up 12. sfor ♪ music ♪ ♪ dream, dream when you're feeling blue ♪ ♪ dream, dream that's the thing to do ♪ ♪ music ♪ when you see value in all directions, you add value in all directions. accenture. let there be change.

. welcome back well, if you are an investment banker, you are probably printing money right now because deal making has been on fire companies are being bought and sold like baseball cards, in

fact, through the first half of the year it was $1.7 trillion combined domestic merger and acquisition activity, the highest level in nearly 40 years. also for companies that did go virtual, they're having a deal with return to the office and they have concerns joins us on a "worldwide exchange" to talk about is eisneramper ceo charlie weinstein. before i get back to the office for those who did go virtual, deal making. oh, my gosh, any banker or lawyer you know in the space is lighting 20s with their 100s any sign that it's slowing down? >> good morning, brian there is absolutely no sign that it's slowing down. as a matter of fact, eisneramper is a participant in that marketplace. we recently completed an investment by tower brook capital partners into our own

business so we're seeing it from our clients and, of course, now we're seeing it firsthand as well very, very active deal market. >> is it just, charlie, low rates, or do you really believe these companies are seeing intrinsic value in their purchases? because if they are, then something changed from when it was a little bit slower a couple of years ago and what that is maybe you know, because i don't. >> well, what we're seeing is opportunities for disruption and low rates, yes, of course, fueling this current trend, but what we're seeing across our client base and indeed for ourselves is the opportunity to take advantage of disruption in different markets and to create growth really to create tremendous value if companies can transform

themselves in this marketplace, they can create tremendous value for their private equity sponsors and also for themselves >> yeah, and also a big part of the deal making, charlie, had been the special purpose acquisition corporation, better known as spacs i mean, it was two or three a day a few months ago they have slowed down, but they're not gone yet what is your crystal ball say about where the spac market may be headed? >> my crystal ball says that there are hundreds of spacs with a tremendous amount of capital looking to do deals and they will be very, very active in the marketplace and to the extent that those deals turn out to be successful, it's quite possible that spacs are here to stay. >> all right now let's talk about return to the office, charlie. i know we're kind of doing a strange spift there. by the way, i hear this all the time, a lot of companies never

went virtual, i have friends in south carolina and florida and other places they never did go into an office, but for that said, for the people that are still virtual, dates are being pushed back. you're a ceo yourself, by the way, so you're dealing with this and advising clients on it what are we hearing about the return to the office >> i can tell you a little bit about eisneramper's return to the office and how that's impacting us, but first i will just take a moment to tell you about the survey we did of mid-market ceos and that is amongst their key concerns, and their concerns rest around sort of this is two aspects, one, in the new virtual remote hybrid world do they need to offer that option to keep their best employees? and then on the other side, how can they effectively create culture and community in their businesses in a hybrid or virtual model? so that is right up there in

terms of the key concerns of the mid-market ceos that we recently surveyed for eisneramper we face the same questions. we were intent on coming back to the office after labor day on a hybrid model, two to three days a week for our people, learning in our profession is best done in-person, however, the timing is not right it's just not safe yet so we've pushed that out and we will come back to the office and we will bring our people back, but when it's safe to do so. >> transport levels in manhattan and other big cities, certainly they are still well down it is amazing, some people have never stopped going into an office charlie weinstein of eisneramper we appreciate you coming on, talk being deals and return to work thank you very much. we will see you again. have a great day. >> thank you, brian. you, too all right. you're very welcome. on deck john najarian is here, he will lay out all the action he has seen in amc, gamestop and

others, they soared yesterday. what are they going to do today, though plus your morning rbi on big tech's big run and while history says we actually might get a pull back yes. history says that. i will tell you why. if you haven't already, follow our podcast it's called ""worldwide exchange"" tailorworldwide exchan" with a hybrid, mayou don't have to choose.o? 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. 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

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all right. welcome back today's rbi is on big tech's big time run yesterday was historic because the nasdaq powered across 15,000 for the first time ever, and that is its third thousand-point gain so far this year. remember, we started 2021 under 13,000 so look at this incredible run put together by the very smart folks at bespoke investment group. we have been rushing thousand point milestones with ease

lately, boom, boom, boom here is what's random but interesting, history says we may have a little pull back now. bespoke notes in the history of thousand-point headlines there has only been one that the market didn't briefly trade back below and that was the 6,000 mark hit all the back in 2017. every other time we broke a thousand-point barrier the market maybe briefly, maybe for longer did trade back below that milestone, kind of, i guess, in other words there is a 93% chance we are going to dip even slightly back below 15,000 one day soon at least based on history. oh, and this is even maybe more random, 6,000 is also the mark that took the longest to get through. 6,300 days or 17 years put that into perspective, it has taken the nasdaq only 1,582 days, a scant 4 1/3 years to go from 6,000 to 15,000

we will see if it's easy come, easy go this time. random and hopefully interesting. let's stay on the markets and your money and wring in john najarian what did you think of those stats? probably don't mean anything, just a lot of numbers, john, but this market run has been just in insane >> yeah, well, the coincidence of those happening time and time again is not too good, brian so i don't think it's coincidence. i think there is something behind it that people perhaps do want to take some profits when they see thousand-point jump in the nasdaq we will see what they focus on today, but those are interesting stats. >> yeah, 15,000 is no different than 14,992 or any other random number, but we are in the media and we are simple, we like big round numbers. let's talk about some big numbers with the so-called trader stocks, meme stocks, whatever you want to call them what the heck happened yesterday

afternoon? like someone threw gasoline on them >> yeah, exactly right and these stocks had sort of being laying low for a while, but the meme stocks certainly were back yesterday, brian, and in big numbers the sort that robinhood really appreciates because so many of those traders trade through that particular trading app so, for instance, amc, stock was up 20% yesterday and they were buying, i think, 30,000 of the 45 calls that expired this friday so obviously a very short term bet but nonetheless a big bet, 30,000 of those calls. again, since these stocks hadn't exactly been on fire lately, it was all about a come back for these meme stocks, game stop, same thing, gamestop was up huge, it didn't have as big an

options volume as amc, but it certainly had very strong move and then you kind of look over at, well, what else are people buying maybe that was beaten down and i bet you can't guess what that might be, brian >> chinese internet stocks like alibaba. i watch cnbc, john >> yep yeah, i know you host cnbc. and you're exactly right the chinese internet stocks, you know, pdd, jd, billy, baba, these are all stocks that had just been slammed and we had talked about them with you and some of your guest hosts recently that there were big bets placed over the last three weeks, i guess, that these stocks would go lower and that china would continue to fight against these companies and they had. these stocks were down -- you know, you look at five-day

graphs, they basically bottomed maybe last thursday, brian, and then they started coming back and coming back strong so those that i named, jd was up, what, 14% and they were buying the august 75 calls they were big buyers of alibaba basically for the last four days as well. you know, just take your pick. i'm sure some of the etfs that cover it were also pretty hot. >> yeah, but look at jd is at 74 and 68 and you're buying 75 calls for august, that's pretty much all she wrote i guess we have to look for the next options trade >> yeah. probably and there have been a bunch of really strong trades in evs. so maybe some of those companies like neo, like if i say kerr, like lucid are about to similarly make these big moves,

brian, because there was building volume in those names over the last couple of days as well the moves just weren't as exaggerated as the ones i just described. >> no, certainly and there anything -- before i let you go, jon, is there anything you can point to from a news perspective that would have lit off all this new interest in gamestop, amc and others literally i couldn't find a trigger, it seemed to come out of nowhere. >> yeah, it really did usual, you know, there was chatter on the message boards like reddit and twitter, but there was not a significant upgrade or news event that would have caused these kinds of moves, no. >> jon najarian looking at the meme stocks, the chinese internet stocks which all, literally all almost at the same time yesterday it was a truly remarkable run jon, we appreciate you getting up early for us, buddy thank you very much. >> thank you all right. with that another "worldwide

exchange" is in the books. i'm off tomorrow, hosting the halftime show on friday, but futures, they are up once again. nasdaq above 15,000. we will see if the meme stocks, the tech stocks can continue their record run today as well futures, they are higher hope you have a great day wherever you are "squawk box" is next take care. your doctor gives you a prescription. let's get you on some antibiotics right away. you could have it brought right to your door, with free 1-to-2 day delivery from your local cvs... or same day if you need it sooner but at a time like this, aren't you glad you can also just swing by to pick it up? and get your questions answered. because peace of mind is something you just can't get in a cardboard box. that's healthier made easier. at cvs. 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.

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good morning, the s&p 500 and the nasdaq at new highs. and the meme stocks -- is it mimi meme i like mimi because it's all about me taking off again, a closer look at the big gains for gamestop and amc is straight ahead. we will take your word for it centrist democrats accepting a pledge by speaker pelosi to pass

the bipartisan infrastructure bill next month in exchange for their votes on the $3.5 trillion spending package we will take you live to washington and goldman sachs says get vaxxed or go home. the bank requiring vaccinations for employees and clients to enter its offices. it's wednesday, august 25th, 2021, just one more day until national dog day "squawk box" begins right now. ♪ >> good morning, welcome to "squawk box" here on cnbc, i'm melissa lee along with joe kernen who barked. it was not a real dog. >> who barked like a dog. >> just like a dog beckyand andrew are off today, a check on u.s. equity futures at this hour, the s&p and nasdaq