worthless. he made the comments about david reuben steen on bloomberg wealth. >> and then a generation of traders who profited big from that crisis. the open question remains, can they spot and profit big from the next one >> you can get it right once can you keep getting it right? thanks for watching "power lunch. "closing bell" starts right now. >> welcome to "closing bell. the nasdaq is in the lead to kick off the new trading week, up 1%, as we head into the final hour of trade with the s&p 500 and nasdaq both said for report closing highs. >> i'm courtney reagan in for sara eisen today let's look at what's driving the action on this monday. tech is on top today as apple, alphabet and semiconductors hi all-time highs. financials are moving the other way. the worst-performing sector as

treasury yields tick lower goldman sachs is the biggest drag on the dow. and travel stocks pull back. cruise lines are in the red. we've got 59 minutes left to go in the trading session today coming up on today's show, two energy experts join us to wall street in in the wake of hurricane ida. plus gene muenster will be with us to discussion reports that apple is working on satellite capabilities for the latest iphone model, as that stock reaches report highs let's get straight to the big story we are watching today. mike santoli has a closer look at today's market action phil lebeau a tracking the move lower. what are you focusing on here today? >> the big growth stocks are doing the work today this market, if you look at a one-year chart of the s&p 500,

the smoothness of the up trend is the main feature you'll take away from it, but the smoothness is a product of a lot of chopping around. the market has tended to find a way higher, but not usually the same day two days or two weeks in a row today it's not the cyclicals, it is the big growth, kind of a cautious macro message today kind of the big growth stocks, but also you have the travel stocks, you have a lot of the reopening plays that aren't getting hours, but carries more -- or also about the anniversary, this peak on september 2nd of last year, we had our last just about 10% correction in the s&p 500. since then, it's been mostly smooth presumably a window opens up for chopiness in september, about so far the market has defied all of t that. look at the give-and-take, it comes to almost exactly the same place, but look at the vast

outperformance that we had in the transports going into the spring maximum reopening enthusiasm again, a crescendo there, at the same time software has reasserted itself. it's not to say it always has to be this way, but so far it's been working very well in that respect. one subsector worth highlighting here, based on some of the news of the last couple days, visa and mastercard have been synonymous will this bulletsproof due oply. now, what would also be continues to go higher like this were stocks that had traded along with these, whether it's msci, that is righter communications, a lot of the big network platform type of plays

or just in general, a lot of the development on the payment side, going outside of the old rails just worth noting they had premium valuations that seemed a bit compressed, guys. >> back to your first point how the market is still moving higher, but the leadership changes. when you have a leadership day like today, where it's the megacap tech pushing higher, does it mean a little less because they are worth so much and weighted in these different indices than if you had a broad-based stock rally with a number of different sectors moving higher? >> traditionally, yeah, they want to see broad participation, but to me, it more just said, it's a different character of the market ride now. parts of the market can rest, while others rebound just a couple weeks ago, it is big complaint was breadth is

n negative that's a fairly high number, but a lot of those are resolves to the up side, right a lot we said was a warning signal have not yesterday developed into something that created broad market weakness, so i guess you have to know what the a index is saying. >> mike, thank so much set for report closes as we stand, of course airline stocks, though, under pressure along with various other reopening plays. phil lebeau has flu data on the capacity cuts for the carriers >> wilf, the airline industry is getting ready for what could be a challenging fall, but certainly slower than july and august look at the passengers levels, we are noticing a plateau in the number of people flying. i ran the numbers. it was down 24% last week

compared to 2019 sunday it was 1.9 million people flying, so when you look at the capacity in september, it's not a surprise that the airlines have cut it by 9.1%. we had the research firm crunch the numbers for us, september down 9.1%. in the fourth quarter it will be down 6.8%. the large alliance are looking at the fourth quarter and say it's not falling off the cliff, but we are certainly cautious about bookings, and they seem to be pattern here, and they're basically trading in a 4%, 5%, 6% range take a look at the airline index. it reflects the fact we have seen weakness in close-in bookings if anything, there has been an increase in the number of people

cancelling flights that's why the airlines are under pressure again today, guys. >> so, phil, capacity down, does that mean consumer prices, not share prices, able to stay -- because we had seen them spike pretty aggressively over the kind of spring, early summer >> look, they have spiked compared to early in the pandemic, but be careful about saying we've never seen prices higher than this, because they're -- in fact, they're below levels we saw back in 2019 while it is an increase compared to the days when you can see super-discounted fares, because there was nobody on these flights, they are not to the level that they were a couple years ago. up next, i phones in space we'll speak to the key analyst,

gene muenster from loup, to discuss how significant that opportunity is apple stock, you can see up 3% you're watching "closing bell" on cnbc. our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected.

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take-two, beijing institutesed a new rule, only allowing one hour of place on friday, weekends and public holidays. meanwhile, chinese education stocks are getting a boost morgan stanley seeing an up side to four of its picks it says china's regulations to raise quality and operation standards should benefit leaving companies with long-term growth prospects. court? >> i find that interesting i'm sure that there are many people, children included, that play too much, but having the government intervene is an interesting step in china. globalstar skyrocketing today after a note that apple's iphone 13 could support texts

and calls from state line direct -- satellite directly joining us is gene muenster from lou v l loup ventures. what would be the benefits and drawbacks if indeed the analyst is correct in the assumption that there will be satellite technology on the iphone 13. >> for starters, he's right about 65% of the time, so whenever he talks, gene muenster absolutely listens, as should the market, and it makes sense ithink the biggest takeaway here around the significant is less about whether he's right that the i foismt 13 will have the satellite capability, or what the features and roll-out might look like. it's more about apple being

optimistic about satellite technology in the long term and the ability to usher in more advanced devices i want to answer your question about why? what is it about this technology, this low earth orbit satellite is perhaps the phrase of the day what is it about this? first, it's global coverage, that's important for autonomous vehicles, also areas that don't have coverage, and second, it has micro-targeting. you can get much greater accuracy, and so that is why this is important. it is worth mentioning thatting there a significant drawback to satellite technology outside of what the device might look like, potentially even having an tena -- yes, an tena, but it's also slower. you're looking a speed about a quarter, half speed of what we see with lte so i'm going to bring it all

together here, why is this important. it's you aren'tly combining satellite accuracy and the breadth of its coverage with faster backbone of 5g. you start to issue this augmented reality and some exciting devices that i think will make our lives better. >> a lot to unpack there i think on my first matterphone my antenna was bent and stayed that way the ability that would satellite do this? as you had mentioned, there's certainly some drawbacks, if it's slower, it may not be for everyone i guess, in the end apple wants to sell more phones, right >> they do this is not going -- if the quote is correct on this device and the timing of it i don't expect that people will rush out and cancel their at&t

subscription and move to some sort of a satellite-based subscription the reason is that still some of that coverage, even though it has broad coverage, it is spotty you don't want dropped calls, so it's still an infant there was obviously multiple telcos around the world that invest in these. the answer is this will not have a significant impact, but what is most important is less about this feature and getting people excited about the feature. i think what is most important for investors is to rest well today, knowing that the innovation is alive and well at apple. the iphone has been plagued with this view from investors for a long time that the innovation curve has been flattening out. i think there's some substance to these rumors, and it's moor than just satellite. it's more about these device that is can play off this backbone we're just see the surface of

this and the truth about what it can mean apple's business model is -- >> i totally get the point that people are not going to cancel the traditional telco s subsc subscription that said, if you look at the total market capitalization in satellite providers, i mean, we're vastly, vastly tilted to the old, not the new still i get that's perhaps suggesting the market is not yet pricing in genuine capability of the main smartphone provider. is that fair >> that's very fair. as someone who has been well aware of all the investment that's gone in here, and the benefits to this, when i see the report today, again i look at it with a certain level of skepticism, a healthy level of skepticism, just because we can't fully embrace it still

it is literally out of this world. i think when you have that -- it's a leap for investors. we talk about bits and bytes, and accuracy, global conch and all of that, and to have investors respond, i think they need to see the substance of what these products are going to look like. we talk a lot about augmented reality our autonomous vehicles, but we haven't really seen either of those. that's where you'll see the market caps of both companies like apple and some of the service providers, well, they're start to move higher >> should apple, given its size relative to some of thes satellite companies being trying to innovate or buy one of these companies, to offer that connectivity one day and could that be a bigger threat to the telco companies? if they're going to take a bigger slice of the pie of connectivity as well as the device

>> it would make a ton of sense. i would most welcome that as someone who has long studied apple. i think that would be a great move i harkin back to ten-plus years ago where there was rumors about the iphone and the ability for apple to be its own carrier and offer its own service. that just never happened i suspect that apple will just continue to focus on making devices and the software and services that tim cook talks solve bout even though i think it's the right business move, i think their history is a good indication that they're just going to continue to focus on what has made them great and that's making devices and software and services. >> gene muenster, thanks again for joining us. >> thank you after the break, coinbase customers getting a scare when the company sent out security notification for 125,000 users by mistake we'll take a closer look at what

happened check out today's top searched tickers on cnbc.com, in names on the list. we'll be right back.

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now an erroneous e-mail from coinbase to customers may add to anx anxiety. eamon has the story for us. >> the cryptocurrency exchange coinbase tells cnbc it mistakenly notified 125,000 users that their security settings had been changed. that prompted a wave of confusion among coinbase users who were not sure whether their accounts were being drained by hackers, which has happened to thousands of coinbase customers. at least one customer tells cnbc, he sold all of his

cryptocurrency on friday, mo are than $65,000 to keep itsecure, but the company says a hacker was not behind this, instead it was simply a company error a spokesperson told cnbc, we believe the only way to build trust is to be transparent when we mess up the company says the problem began on friday afternoon with e-mails pacific time those notifications were an area and no security settings were changed. they say, a second e-mail was sent out at 3:07 p.m., again pacific time for those e-mails last week we reported on complaints from coinbase customers about a lack of customer service there's almost no way to get someone on the phone this news incident also prompted quite a bit of similar criticism over the weekend coinbase said company employees spent most of the weekend working with customers and

answers questions about all of this back to you, wilf. >> thank you very much, eamon. appreciate that. that is very confusing presumably they had that e-mail prewritten and just accidentally sent it? is that your read on the situation? >> it looks like it was an accidental upsay and that the two-factor authentication changed, and many people panicked lots of reports of people selling. like i say, we did talk to one person who sold $60,000 of crypto as quick as he should, thinking a hacker was trying to drain his account. so some real panic there they say they're working on it and should have everything back to norm after before too long, though. >> it seems like they need to beef up their customer service lines, too up next, the cost of the storm. early estimates peg the dollar

damage from hurricane ida into the double-digit billions. and we'll take a look at the companies most exposed here's a check on bonds. yields are lower to start the week the ten-year yield back below 1.3% we'll be right back.

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just a bit over 30 minutes

left to go support.com jumping today on pace for -- the technical sport company is the latest stock to get swept up in the meme mania mark pincus is the founder sup support.com is trading higher about 22%. and levi with as overweight rating the firm says the retailer is leading market shar and the demand for loose-fit jeans are gaining momentum those loose-fit jeans are not gaining momentum with me wilf, back over to you. it is time now for a cnbc news update. rahel has it. >> i love the loose-fit jeans. good afternoon the white house says some 6,000 americans have been evacuated.

press secretary jen psaki says they're still trying to determine how many americans are in the country who want to believe, but she believes it's a small numb. in new orleans, the police department says it's received numerous reports of theft from stores and other businesses. the police chief is calling it looting, and officers are working 12-hour shifts and coordinating with the louisiana national guard to try to prevent theft. the fbi says hate crimes in the u.s. hit the highest levels since 2008 it was assault starting black people and those of asian descent. it's unclear how many are affected, but it goes against mcdonald's previous plans to open all its indoor dining by labor day.

>> all right you bring up a good point. maybe i'll pull it back. i just look like a clown in those things making a hard turn here. damage from hurricane ida will likely have an impact on earns for insurance companies in the third quarter. hi, contessa. >> analyst are estimates are coming in, and they range, some coming in at least $15 billion, some as high as $25 billion, but, of course, the flooding is continues in the region. authorities are now assessing the storm's impact typically what we see from hurricanes is that 65% of the claims that come in beloan to homeowners' policy i have 30% that come in op commercial lines 5% from personal auto. that's from a note from elise

greenspan, and says insurance will likely kick in for some insurers with exposure in louisiana. state farm has the highest market share progressive has 12% market share, all state 10%, berkshire hathaway, and then aig, travelers, chubb, the heartd for, far less, about you they still have exposure to these areas. as far as ida itself, that storm track is predicted to go up all the way to the northeast look through tennessee again remember how much flooding we saw in tennessee a week ago? these states are already rain saturated that in itself could mean more claims one more thing we have seen the tornado warnings coming there, that adds to insurance risks the tornado watches are widespread so insurers could get

additional exposure along the way. >> contessa, thank you so much so many reasons to wish and pray things pass relatively smoothly from here a market flash on robinhood. kate rooney has some breaking news on that kate >> shares of robinhood are lower after gary gensler says a full ban of payment for order flow is, quote, on the table. this was in an interview with "barron's" on friday, saying it has inherent conflicts of interest, but also the data that some of the market makers receive is how robinhood makes the majority of its revenue. to offer free trading, these make money on the back end shares are under, and the cfo of robinhood told us recently he did not expect the -- we talked about that resulting in higher

prices for consumers shares of robinhood have been lower ahead of these headlines, but, again, taking a hit here ahead of the close shares down as much as 8% here >>. >> mike, just trying to. >> right now it will be. >> there's always a rule-making process that goes for the comment, but he's been pretty steadfast about really believes that the current system, and not just the payment for order flow, but the way market structure has developed right now, where

there's so much volume, that basically never goes into sort of a public transparent forum like a public exchange so this could be part of a very brought revamp on a wholesale basis it would put robinhood or other retail brokers in a squeeze or in robinhood's case, you would have to make it up somewhere else just for context, industry estimates in some of their disclosures say the payment for order flow received by the firms is also in the range of a sixth to a quarter of a cent per share, so it's not as if they make boatloads of money per share, but basically

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energy one of the worst-performing sectors today from the bureau of safety and environmental enforcement storks oil production has been slashed by nearly 95%, and natural gas production down 94%.

tom, good to see you, as always. are you surprised that we haven't seen a bigger reaction in prices upwards, given some of those statistics i just mentioned? >> no, i'm not, wilfred. a lot of things have happened in the last 16 years or so to make sure that production gets returned much more quickly first of all, gulf of mexico production used to be about 25% or so of u.s. output now it's maybe 15%, so a lot of it has tilted toward shale secondarily, a lot of equipment has been put into the infrastructure there, so that it can be restarted very quickly. i'm alternates surprised that we're finding production, particularly gasoline, hasn't moved higher, but we have plenty of time for that it will be measured in days, in terms of restoring offshore oil production >> good point there with the

refineries i'm wondering if you're a consumer, if you're looking at prices at the pump and how that may have a trickle impact, i know walmart pays close attention to gas prices. what do you expect are we looking at a big gatt lien -- gasoline spike >> i think they were spared from the price, and they may gravitate toward the $3 number, but i don't expect a super-spike or anything like that. it may be a wobble higher, and may take place this week, because this week, after all, is a big week in terms of demand and consumption. it drops about 5% or 6% in ordinary years after that, and the recipe for gasoline may change any moment if the epa decided to say summer is over and you can use the winter

recent my. that will help a bit, but i think it will be an unusual year, and it won't see the crashes we have seen in previous autumns. the recipes aren't as cheap. i don't cover pet roe chemicals per se, but pet roe chemicals and all the molecules that support those are very, very tight throughout the company >> once we move past ida, hopefully fairly soon, tom, what is your outlook for wti the rest of the year? >> i'm not a -- i believe in super bad and super cycles, so i think that we're probably going to have episodes above $70 for wti, and it should ostensibly tighten.

it removes, you know, 2 million barrels a day of dematched for crude in the united states momentarily, and it may persist to where in october or november we don't use as much by the way, you're going to hear this a lot this year, it's the highestsh most expensive labor day since 2014 2014 was the end of a four-year stretch where lay degas was $3.35 to $3.85 >> good to see you. >> nice to see you guys. we have over 15 minutes left in the session the market zone is coming up next we'll be discussion affirm, amazon, paypal, stocks of that ilk.

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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. ♪ 12 minutes left in the trading day. we're down to "closing bell's" market zone. mike santoli is here to break down these crucial moments in the trading today. today we have jason from odyssey capital advisers as well jason, the dow lack lagging the major averages, we're led by tech, as you might expect, consumer discretionary and, mike, i guess starting to

look a bet stretch the to the up side or still not? >> i would say the nasdaq specifically or nasdaq 100, yes. ear starting to see the short-term extension of this trend, but it's one of those things where long the way, on the way higher, you've had multiple periods where it's gotten will. onit's been easy to say timely it's game over, but you have to be aware, if you look at some of the big nasdaq stocks, it seems a bit chase-y today jason, what do you make of these gains that we continue to log day in and day out morgan stanley's mike wilson says a 10% correction is all but

inevitable do you agree >> i would say last week was the focus on the two mandates, and it looks like obviously we hit the inflationary mandate, but labor is still in focus, on assignment really tuned into what the labor numbers look like this friday, and also i'm interested to see what these labor input costs look like midweek. i do think the market can move higher, more liquidity, lower rates, it's a risk-on bet. that's where my thoughts are here. >> i'm interested in this jobs report, the last one before the extra unemployment benefits roll off. you need a lot to run all of the nation's extras. kate roger has the biggest mover. >> falling 4.5%, driven by its

virtual brands, but the company is not immune, with chili's in particular seeing investors softening, and dave & buster's, the firm pointing to softening visits that stock is down about 4.5%. other casual names, denny's and darden all moving lower today. >> thanks very much, kate. those are some pretty built moves. is that a little overdone? >> i think it's very much in tune with what's going on right now. people are getting more cautious about just the pace of how quickly things will get back to what we used to think of as norm 58, whether it's travel, whether the airlines obviously getting hit today. it all fits together, and

there's also the sense out there that there was this window, when we all burst and it's all open now it's more seeming like an interlude, so i think also they stocks, believe it or not, they don't necessarily have very strong sponsorship on the street they're not all that big in terms of the market cap, so it's not necessarily seen as these kind of great growth conaccepts anymore. everyone loves chipotle. you know, mcdonald's is like 180 billion, the biggest in the group, so i think it gets lost in the shuffle a bit. >> amazon will soon allow customers to pay for big-ticket items in installments, growing the buy now/pay later trend. it was announced affirm will partner with amazon, and for purchase of any $50 or more, no

credit card required it's up 45%. wow, jason, what is your take on all of this? clearly very positive for affirm you can understand the share price jump, but what about the broader trend and whether things are getting too extended, whether it could be a sign of a top with all this credit getting extended left, right and center? >> yeah, i really like the buy now/pay later industry affirm, highly leveraged to pell on ton, its biggest customer, but this is a big deal they've been slight will you down on the year, so this deal with amazon is huge. i think it's an opportunity for the affirm to be the go-to -- but we'll see. we'll see as hinges go, as we head back into normalcy, and

rates environment changes, and kind of where we go from here, but i think it's an opportunity. >> mike, what do you make of all of these buy now/pay later stocks, and what it may say for consumers? you can't make the argument it opens up more credit to more people, but should we be worried that folks are needing to use this option? >> well, i think if it's a last resort and those people are getting approved and these lenders are underwriting the performing, obviously that can be taken too far it seems to me at this point a more of a habit being formed in how people buy things, and phagely, it seems like they're just i tacking this big profit pool in the middle of the consumer credit area if i look at today, synchrony, capital one, all down. financials in general are weak

it's probably not all about this, but even american express down 2.5%. to me it's saying people are wondering whether we'll be changing behavior enough, that it's going to be more displace the traditional lending way with a very fat margin, as opposed to a more transparent model >> i think it's interesting. paypal is exploring of launch of a stock trading platform kate rooney has that story hi, kate >> hey, courtney paypal is looking to launch stock trading on its platform, according to sources familiar with those plans i'm told paypal has held stocks to roll this out he is now the kreismt off of invest at paypal, a previously unreported under of paypal

he talked about a long-term vision, so it called pay pay a superal. >> on one level it seems like -- and one can also see how they could gain in the space. >> that said the first move or advantage this missed on -- >> which is why you should do it as feature, and as parts of a total financial relationship effort by paypal, and by everybody. well, it's getting away from just commodity pure stock and options trading, getting into a broader financial relationship

it's what every kind of industry trend develops into before it would just been -- it does remind you that the core business of robinhood is all about branding and habit, and the fact you're right, they did actually get a pile of new scienceups because of the usability of the app and the publicity behand the zero-cost trading. so they obviously have a head start, but it could be a crowded area, even if paypal doesn't directly threaten of customer base. jason, what do you make of paypal exploring the launch of a stock trading feature? >> i agree here with mike. i think it's a crowded space payment volume is up 40%

the deal has catalystic for what they've been doing, so i'd like to see how this plays out again. ,000 a lot of folks here in the industry, and that advantage is a drawback they're not first to market, i should say, but let's see how it play it is out i like the company, no matter whether they're getting into that trading business or not. mike, just under two minutes left what's happening >> a bit soft. we mentioned how this has been mostly been a half percent or so, mostly about a cluster you see the new york stock exchange substantially more stocks are down than up. small caps as a group also down, even on the nasdaq you've had weaker breadth, so it is a narrow group of leaders, at least for today. it hasn't been the case in the last week or so.

high-yield bond index. pretty -- this was an area of kernel, because it wobbled a bit. high-risk credit is following on, and that's usually a backstop for the opening markets. it's obviously the end of august, people are hedging, buying protection against volatility so people i wouldn't say are complacent with the vix at 16, wilf. we have about 40 seconds left we are going to get two records closes for the s&p and the nasdaq once again. the dow is in the red, only down 0.2% financials and energy both down more than 1%

technology the only -- and real estate, the only two above more than one%. the dollar is flat goal down about -- and yields have pulled back, back down below 130 on the ten-year. as the bell goes, the dow slightly lower, the s&p 500 up for a record close, and the nasdaq up 0.9%, again with a record close. it looks like the dow is poised to close marginally down. 19 points or just shy a half percent, almost a percent at 136

points gain. the russell 2000 is also closing lower, but to the tune of about 0.5% coming up on the show today, some alternative economic data, painting a pretty grim picture we're going to discuss that with david rosenberg from rosenberg research and we're minutes arm from earning of zoom video. we'll bring you those numbers as soon as they are rear leased we have jason still with us, and catherine is going to join the conversation mike, the first comment here in the end just four sectors closing down real estate leading by more than a% >> this was a day where the average stock a very norm at bout of modest profittaking.

if you look at their contribution to the s&p, you know, apple, amazon, microsoft, facebook, tesla, basically the whole story. that doesn't mean it was not valid, points count, but it's more about the character of what's been going on today, the market playing defense as a way of essentially holding the highs that were achieved the end of last week. >> catherine, do you think these levels on the stock market -- are you more concerned or optimistic >> i'm very concerned. the market just keeps going higher and higher. ultimately i think it's all about the fed. if you look at what's going on, the fed is our best friend, and the fed, the bank of japan, the european central bank, their goal is to keep indebted companies with very low interest, negative interest, and there's a lot of money flowing

into the market, it's indiscriminate, and i think it will go on it's hard for a stock picker to distinguish one's self. >> now that we have jackson hole in the rear-view mirror, what do you think will be the catalyst not rest of 2021 >> for me, it will continue to be earnings growth this year has been about earnings growth. last year was a different story, but for me i think that's where we move forward. i think catherine makes a good point on liquid. it makes it difficult to predict when this pullback will happened i think there's companies with great balance sheets that will carry us further from here that pickup? reeled last week is already in the rear-view mirror

does that mean we're looking at yields have been peaked? >> i wouldn't say that i wouldn't be willing to stake too much on a claim like that, but it's definitely broadband a struggle to maintain any upward path we a peak around 140, and it -- it hag rolled a fair bit so we'll see if we have to challenge that, but it shows a lot of things. one, clearly the fed is not going to move very fast on anything we have the global search, all the factors we know about, but also the inflation panic has essentially cooled off, and so i think the market is essentially buying, you know, powell's line that says, one, we do believe inflation will recede from

thinks high levels, and two, when we eventually reduce the bond purchases by the fed, it will not lead quickly to higher yields, so things like the five-year note, because they're taking expected rate hikes out of the market to degree in the last several days. >> catherine, we on which say does the bond market know things that the stock market doesn't, because we see moves there first often before we see it in equities, but you look at the ten-year and say, hey, things have changed, because it's controlled by the fed. can you explain your thoughts there a little more? >> yeah, i mean, i think historically, you could look at the ten-year, look at yields, and understand what investors' hopes are or fears now you real can't all your looking at is fed manipulation who is the marginal buyers and sellers of u.s. treasuries it's the fed, the bank of japan.

the bank of japan wants to keep the yen weak the fed wants to help struggling companies. so i think fed watchers are just right to sit there and watch what they're doing sadly, because their goals eare conflicted, you're seeing a lot of money flow into the stock market if the fed, for example raises rates or yields get up high, all that will happen is you'll get that carry trade and i think that's really what's going to keep a lid on things. i would not be surprised to see rates go down below 1%, and so the ten-year treasury. >> so why are you worried, catherine, about the effect on equities if yields aren't ever going to rise, does that lower the impact

when we do see a slight change in posture from the fed? >> well, i mean, i think the point is really what jason mentioned, which i heartily agree with, which is that earnings are going to be important. when the stock market gets this high, it's going to look for a reason to go down. that's why i'm concerned i sound like a broken record, but i'm going to say it again, up 30% in 2019, up 18% last year, up 19%, 20% so far this year, these are big moves. when the market gets to a certain point unless it goes parabolic, it will look for a reason to go down. we're at the point where the market will make an excuse, and i'm not sure the fed will be the reason it goes down. it's going to find a reason to go down. we want to make sure our clients are protected when that happens. so really we are looking for places to hide, liking for secular growth stories we like things like zillow

these are natural monoplies, even cronos, it's a very long play, because ultimately the market will not go up forever. when it goes down, where are you going to hide? >> jason, if we can get some picks, some sectors that you're looking for, catherine just gave us a couple ideas, zillow and cronos, what are you looking at? >> i think for me, it really lends itself to what part of the cycle do you think we're in? >> i am more defensive i line for examples, not just because where i think rates might potentially might go, and as catherine mentioned, there's other things going on. what white impact rates going forward, but i lie economic activity, i like invest banking

space and what's going on with underwriting i also like health care. i think preventative care, you know, medical devices, you know, kind of elective surgeries, i think companies could fare well in this environment as we head back to normalcy, and get back to regular life. those are some of the sectors of the market i like at this point. >> let's get to earnings of zoom which are just out kate rooney? >> heal, wilf, a beat on the top and bottom line, but miss on third quarter eps. for the second quarter, $1.36, a beat by about 25 cents revenue was also a beat. revenue grew 54% year over year. customers, zoom pointing out 2300 customers, adding more than $100 in 12-month revenue, un131%

from the same quarter a year ago. again, revenue guidance for q3 was ahead of eps. >> jason, your take on zoom? i think for me, i look at zoom, it's up 400%

and, you know, just about flat this year you know, how did they perform that's where i stand on zoom jason, catherine, thank you both very much. still do come, new data shows that seated dining activity has fallen. we'll dive into this alternative data and what it signals about the recovery that's coming up next. we're back on "closing bell" in a couple minutes

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the snick of circulation in jackson, mississippi one death confirmed from the storm, a man in prairieville, ascension parish, when a tree fell on the man's home the governor does expect the death toll to rice significantly. entergy is the main energy companies, and says it will take a long time to restore the energy in laplace, in st. john the baptist parish, this video from sam brock from nbc news, residents were evacuated today in new orleans the power is still out after all eight

transmission lines that deliver electricity were knocked out by the storm. cnbc's valerie castro is live in norco, louisiana, home to several refineries. >> reporter: norco sits within the parish ofst. charles yesterday was a very different story. this area was incredibly hard hit. signs of ida still here today. norco took on several inches of water yesterday, and the hardest hit time period was when they really felt the brunt of the storm. it was stronger on the back side as it continued to move onshore. they were sheared by flying debris one man said a piece of sheet metal flew past his house and cut through the power line residents have out and about,

checking on their neighbors. they said they wanted to make sure everyone was doing okay they are wonders, they tell us, why the pumps in this area don't seem to be working obviously there's been some sort of failure, but they say the water level hasn't reasseted sincery this morning we're trying to find out exactly what the issue is. you mentioned the refineries, they're just a few blocks away from where we're starting. earlier this afternoon there were a couple truckers trying to make their way down the road to deliver generators to the refineries they shut down ahead of the storm, but they do need power to come back online they're a prime location for that louisiana is one of the states that has the most product. that industry is certainly

feeling the impact of ida, as well as the residents here. >> valerie castro. the next update from the hurricanes center is expected at 5:00 a.m it's going to move through new england. tonight, two business story with ida, and to afghanistan, where america's longest war enters its final day on "the news" at 7:00 evastern. some data out of consumer sector looking fairly disappointing. the latest note from rosenberg research addition into high-frequent spending data, showing signs of slowing down. joining us to discuss is david rosenberg, founder of rosenberg research good to see you, as always talk us through the data you've

been assessing, and just gauge for us how negative it is. is it a slight slowdown? >> well, it's probably somewhere in between i think that there's no doubt that the delta variant is having a very big impact. what's really ironic is that the impact is falling more on people who are vaccinated than people unvaccinated you know, the unvaccinated, they don't care, they're still going out, but the vaccinated folks that are concerned that the delta can actually, you know enter into their body is having a material impact. change is always at the margin i'm not saying things are falling off the inclusive, but we were not talking long ago how restaurant activity had gone to new pre-covid highs, and now we're 10% below, just in the past month hotel occupancy levels, they're

down four weeks in a row you mentioned air traffic, especially leisure travel, that's fallen to a three-month low. this is very important you know, when you're looking at the consumer spenting data that came out on friday for july, real consumer spending was negative 0.1, but it was held up, because consumer spenting was up 0.6%. we have a very big decline in durable goods consumption, because there's no pent-up demand anymore if we bump again the decline in big-ticket purchases, which we are eeing, like in autos, for variety of reasons, and other areas related to housing, we'll see the service sector decline, then something important will happen, wilfred on september 16th which is when we get the august retail numbers. if we get a fourth straight number of retail declines, that

has only happened in the past in the context of an commeconomic recession. i'm not calling for one, but we had a guest talking about bond yields before, the bond market has figured out it's slowing down >> i'm not a big fan of the stagflation view i think i've said all along that the inflation we had continued to see is in the context of all the distortion and indirect impacts of the first global pandemic in the century. tremendous distortions i'm not a big fan of the stagflation. we have to look at what is happening, with the gobs of

fiscal stimulus that we have seen, we've had four consecutive quarters where aggregate demand growth was farp and away from the supply growth. we know the supply growth is in the form of disarray because of the strained global supply chains i think what's happening this quarter is aggregate demand growth will start to slow below the enaeemic aggregate supply. that will cure the inflation and stagflation fears. we'll get disinflation and a weak economy out of this i think that's basically what jay powell was saying in his sermon he gave on friday he could have soundsed more hawkish. he had the door open from some of the other district presidents i can't believer how many people talk about supply chains

you can't forecast inflation without a demand curve i think the story will be absent the fiscal still his, and with the delta variant having an impact, the demand side will slow below the supply side and that will create an environment for disinflation, that i think a lot of folks haven't factored into their models. >> i was going to ask you that, if it was the dealta variant fears which is the cause behind the data, our if consumers sort of burst out of the gates and reemerged when we felt it was safe to do so, or made big purchases, or even incremental ones i'm really trying to determine is this a slowdown or a slowdown from the huge surge we saw initially? >> well, remember, we're coming off a tremendous bout of fiscal stimulus you know, they gave us that 6.6%

growth in gdp in the second quarter. remember, the consensus at one point was 10% growth in the second quarter nobody talks about the fact we finished off at 6.6. i think that the slowdown is certainly the sudden nature of the slowdown that we're seeing in the particular parts of the reopening -- the question is, at this point, you know, when are we going to start to get to boosters is it five months? eight months how long will this overhang take bl place? we talked about air travels, restaurants, hotel reservations. that's actually a pretty small share of consumer spending the big chunk is in durable goods expenditures we blew our brains out spending in 2020, and early 2021, now you're seeing it in the housing data the housing date we're seeing, pending home sales do you 3% the

past four months that's not because of delta. that's because there's no pent-up demand in housing. we hear there's material shortages here, labor shortages there, but the overall story here is really we basically lumped in six years of spending growth on big-ticket durables, includes housing, autos, renovations. what do you do for an encore if the service sector is going to sputter because of the delta, there's no natural offset for the merchandise sector we saw the numbersers on friday from michigan, what did it tell you about buying intentions? they're at the lowest levels since the early '70s or '80s if we don't get the reopening trade back on, the lack of pent-down demand, should i say, in the consumer spending is going to cause a very weak

economy. i'm not saying recession, but you don't even have the call to be bullish on treasuries you just have to have the call that demand will be lower than supply >> well, we're going to make sure to check back in with you, as we move into the second half of the year. of course, very important for retail when you're looking at christmas about 116 days away, i believe. david, thank for you being here. >> thank you. shares of zoom falling after reporting a few minutes ago. we'll have what an analyst wants to hear on the earnings call "closing bell" will be right ba ck ok, let's talk about those changes to your financial plan. bill, mary? hey... it's our former broker carl. carl, say hi to nina, our schwab financial consultant. hm... i know how difficult these calls can be. not with schwab. nina made it easier to set up our financial plan. we can check in on it anytime. it changes when our goals change.

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adorable, but does yours block malware? nope. -it crushes it. pshh, mine's so fast, no one can catch me. big whoop! mine gives me a 4k streaming box. -for free! that's because you all have the same internet. xfinity xfi. so powerful, it keeps one-upping itself. can your internet do that? over to mike santoli for a look at goldman sachs lockdown index. court, thanks. this is something that helps explain why the market has been able largely to look through this late-summer surge in covid cases we've had national lip this is the lockdown index in blue, basically gauges a wide arare of different restrictions in place or imposed on businesses by local governments, et cetera. it's basically at in lows.

despite the fact that the rate of hospitalizations is the orange line as has surged back so this is to the point of we're going to have to deal with perhaps some consumer behavior changes if we do have incidents of more covid cases. we're seeing people cut back, but nothing likely is going to go back to sending governments and local authorities to create more lockdowns and restriction so, it doesn't necessarily mean -- it does help explain why we have navigated through this period as we have. >> i guess, mike, with the hopes that it has peaked, and the slight pullback you can see on the chart is the fact that if this proves to be the last major surge and last major additional variant, it's also led to more vaccinations and come in the summer months. it could end up being a slight positive in a weird kind of way. >> no doubt about it it's accelerated vaccinations.

we've only made progress, it's just been quicker, so here you see nothing before >> mike, hold on just there for a moment let's get to shep for breaks news. >> it does appear that america's longest war in afghanistan has ended. the associated presses reporting that a taliban guard at kabul airport says the last american plane has now flown out after two decades of war form the united states government has not officially confirmed, but i can tell you this. hamid karzai international airport, this is from air traffic control, an official notification sent out. effective immediately, as of three minutes ago, hamid karzai international is nowen controlled no traffic control or airport services are available aircraft operating into or out of kabul or landing at the place

should use extreme caution aircraft should adhere to standard reporting procedures. in other words, according to the reporting of the associated press, and to air traffic control, all planes from the united states have now left kabul. you may remember, that the deadline for the united states to leave was tomorrow, specifically, though, that's tomorrow at 11:59:59 time. kabul is 3:29:29 tomorrow afternoon. from all indications, the word from air traffic control, include the faa, which has also confirmed that, the war in afghanistan is done, all american planes have left. the kabul aircraft is now uncontrolled >> shep, as you're saying, it seems like, of course, beating

the deadline, and understandable reasons for that following, of course, some of the other allies like the british leaving their final flights in the last 24 hours, the u.s. being the final ones to depart, as you said, leaving that airport undefended and perhaps explaining why we had seen the celebratory fire from the taliban. coming so soon, shep, after some of those bodies returned home. as we wait to hear confirmation from the administration, it will not be a celebratory tone, of course, when they announce the end of this war. >> i wouldn't think so there's some 250 americans who the state department said yesterday were still wanting to get out, but had not yet been able to for various reasons. they just gave us another number, 250 again today. so apparently of the 250 wanted out of afghanistan yesterday, but hadn't been able to make it. here's john kirby, the spokesperson at the pentagon.

>> do we have the general? i'll turn the podium over to general frank mckenzie, he'll have opening comments. we do have a hard stop at 5:00, so i will not waste any more time general, can you hear me and see me okay? >> i can >> thanks for being here today, sir. i turn it over to you. >> thanks, john. good afternoon, everyone, i'm hear to announce the completion of our withdrawals in afghanistan and the end of the mission to evac wail americans, third-country nationals and vulnerable afghans the last c-17 lifted off from hamid karzai airport at 3:29 p.m. east coast time in the last manned aircraft is now clearing the airspace. we will soon release the photo of the last c-17 departs with major general chris donohue and the u.s. ambassador to

afghanistan on board while the military commission is complete, the diplomatic efforts continue i know you will hear more about that from the state department this signifies the military end of the component, but also the end of the nearly 20-year mission that began in afghanistan shortly after september 11th, 2001 it's a mission that brought osama bin laden to a just end, along with many of his al qaeda co-conspirators. the cost was -- we honor their sacrifice today, as we remember their heroic accomplishments no words from me could possibly capture the full measure of sacrifices and accomplishments

of those who served. nor the emotions they are feeling at this moment i will say that i'm proud that both my son and i have been a part of it before i open it up for questions, i do want to provide some important context to the evacuation mission that we just completed. in what was the largest non-combatant evacuation in the military history over an 18-day period, u.s. military aircraft have evacuated more than 79,000 civilians from hamid karzai international airport. that includes 6,000 americans and more than 73,500 third-country nationals and afghan civilians this last category has consular staff, special vias, and at-risk afghans and their families combined to evacuate more than 123,000 civilians which were all enabled by u.s. military service

members securing and operating the airfield on average we evacuated more than 7,500 civilians a day, which includes 16 full days of evacuations. more than 19,000 on a single day. these numbers do not include the roughly 5,000 service members and their equipment that were sent to afghanistan to secure the airfield and who were withdrawn at the conclusion of our mission. the numbers i provided represent a monumental accomplish meant, but they do not do justice to the determination, grit and flexibility and the professionalism of the men and women of the u.s. military and our coalition partners who rapidly combined effort and evac waded so many under such different conditions as such, i think it's important to provide you with i hope will be valuable context. when the president directed the complete withdrawal of u.s. forces from afghanistan in april, the team at u.s. central

command began to update and refine our existing plan for a potential ni oo, we had numerous plans depends on the nature of the security environment over time we continued to refine our plans, which included the interagency, the international community and other comment battant chance facts and assumptions change over time. while the security conditions detearated, we continue to do update our facts and assumptions. as it rapidly devolved, we took a number of actions to position ourselves for a potential nio, based on the direct of the secretary of defense we positioned forces in the regionened and began to pre-position supplies, and began preparatory work on intermediate facilities in qatar with the

hosto support of our gracious host nation. we began to carry out our plan based on the initial assumption that the afghan security forces would be a willing and stubble security partner defending the capital for a matter of weeks, or at least for a few days within 24 hours, of course, the afghan military collapsed completely, opening kabul up to the taliban's advance. on august 15th, in a meeting with senior leadership in doha, i delivered a message on behalf of the president that our mission in kabul was now the evacuation of americans and our partners, that we would not tolerate interference and we would forcefully defend or forces and evacuees if necessary. the taliban's response in that meeting was in line with what they said publicly while they stated their intent to occupy kabul, they 06rd to -- offered to work with us 789

finally, they promised not to interfere with our withdrawal. it's important to understand, within 48 hours of the execution order, the facts on the ground changed significantly. we've gone from cooperating on security with a longtime partner and ally to initiating a pragmatic relationship of necessity with a longtime enemy. in that environment, and subsequently major chris donohue, and others did extraordinary work with the leading elements of our reinforcement package to safely close the embassy in one period of darkness, to establish a -- to establish security at the airport, and to bring in the rest of our reinforce miles an hour into the airport. they accomplished this difficult list of tasks within 48 hours of supporting the transfer of the embassy to the airport i visited kabul on tuesday, august 17th, to see the work

being done to establish security firsthand, and to observe the transition to the evacuation i left on a c-17 that brought more than 130 afghans and american citizens out from karzai international airport to the air bass in qatar. our men and women on the ground at the airport quickly embraced the dangerous and methodical work of defending the airport while conducting the hand screening of more than 120,000 evacuees from six different entry points onto the airfield we also conducted three separate helicopters extractions of three distinct groups of civilians, including at least 185 american citizens and with our german partners, 21 german citizens additionally u.s. special operations forces reached out to help bring in more than ,064 american citizens and 2017 afghans at risk, and 127

her-country nationals all via phone calls, vectors and escorting. we have evacced more than 6,000 u.s. civil dwrans. 28 be difficult to overstill the number of unusual chance and competing demands that our forces have successfully overcome the threat of our forces, especially from isis-k, tragically resulted in the loss of 13 service members and dozens of civilians we greatly appreciate the contributions of the many coalition partners that stood with us on the ground. i'm going to single out one nation as an example the norwegians, who maintained their hospital at the airport and were absolutely critical for the immediate care of our wounded after the abbey gate attack they extended the presence of

their hospital to provide more coverage for us. the departments have been with us from the beginning and their work of processing 120,000 people stands next to their military partners. i would like to offer my personality precious to the more than 800,000 service members and 25,000 civilians who have served in afghanistan and particular to the families of those who have been lost or wounded your service will never be forgotten. my heart is broken over the losses we sustained three days ago. as the poem goes -- we will remember them. the last 18 days have been challenging. americans have been proud of men and women of the armed force who is met these challenges head on. i'm now ready to take your questions. >> thank you, gen.

>> reporter: can you give us a sense of if there were americans or other civilians taken out on any of those last couple of c-17s that flew out this afternoon? can you give us a picture of what you saw with equipment and other things either getting destroyed or removed at the airport before they left >> -- the last five jets to leave. we maintained the ability to bring them in up until immediately before departures, but we were not ability to bring any americans out. that activity ended probably about 12 hours before our exit, although we continued the outreach and would have been prepared to bring them on, but

none of them made it to the airport and were able to be accommodated with the brought some out and demilitarized some of it you're very much aware, of course, of the rocket attack that occurred yesterday where five rockets were fired. our c-rams were very effective. we elected to keep those systems in operation up until the last minute it's a complex procedure, complex and time-intensive procedure to break them down we demilitarized those systems so they will never be used again. we also demilitarized equipment that we did not bring out of the airport. that included a number of mraps, up to 7 on, that will never be

used again by anyone 27 humvees, tactical vehicle, that will never be driven again. and on the ramp, a total of 73 aircraft, those aircraft will never fly again. they'll never be able to be operated most of them were non-mission capable to begin with. thank you. general, was there any attempt to interfere with the final flights out, either by the taliban or by isis, or any other group? and did -- at the end, did americans just vacate the premises or did they turn it over to the taliban? >> we know that isis-k has worked very, very hard to strike and to continue to strike us we feel the strike we took

yesterday was actually very disruptive to their attack plans and threw them offstride and i think it was one of the significant reasons why they couldn't get after us in the final draw the taliban having very pragmatic and very business-like, as we have approached this withdrawal we did not turn it over to the taliban. general donohue, one of the last things he did was talk toll taliban commander, just to let them know we were leaving, but there was no discussion of turning anything over of that at all. >> reporter: jennifer griffin from fox news. ifible i could have you reflect personally, after 20 years, you've lost troops in recent day, how did it feel leaving afghanistan to the very group you overthrew 20 years ago

the taliban. >> as i sort of said in my remarks, i've been there a couple times my son has been there a couple times, and it was very conflicted, actually but i will tell you, i was focused on the task ahead. i'll have days ahead to reflect, but we were so focused on getting our troops out, and getting our citizens out in the days before to the best of our ability, i did not have a lot of time to reflect. right now i'm consumed with the operational task at hand i will be thinking about that. >> your messages to americans and afghans who were left behind >> the military phase of this operation has ended. the diplomatic sequel to that will now begin i believe our department of state will work very hard to allow any american citizens that

are left, and we think the citizens that were not brought out number in the very low hundreds i believe that we're going to be able to get the people out i think we'll also negotiate very hard and aggressively to get our other afghan partners out. the military phase is over, but our desire to bring these people out remains as intense as it was before the weapons have just shifted, if you will, from the military realm to the diplomatic realm. >> reporter: can you tell us how many people were on the final c-17 flight? can you tell us where the flight is headed? you mention that general donohue talk to taliban essentially a counterpart. can you give us any sense of what the taliban played from the security perspective to allow the u.s. to safely depart? >> i won't be able to answer those first two questions, because those operations are

still ongoing. but i can tell you, the taliban established a firm perimeter outside the airfield to prevent people from coming in. they did not have direct knowledge of our time of departure. we chose to keep that very restricted, but they were actually very helpful and useful to us, as we closed down operations >> i'm going to go to the phone. dan lamont >> reporter: thanks for calling on me. general, can you give us a deeper level of detail on what this last day looked like in terms of number of flights, number of people on the ground to start with, who might have been on the last plane, particularly senior leaders, and how it all played out? >> sure. let me begin with the back end on the last airplane out was general chris donohue, the commander of the 82nd and my ground force commander there,

accompanied bid ambassador wilson they were in fact the last people to stand on the ground and step on the airplane what has happened over the last 12 our or 18 hours, we were intent on maintaining the ability to bring out before this operation began, but we were sbents on maintaining that capability. also on our force protection because the threats from isis were very real very concerning, so we did a number of things we had overwhelming u.s. air power overhead should there have been any challenge to our departure. again, there was no question we were not going to be challenged by the taliban. if we were going to be challenged, it was going to be by isis.

i think some of the things we done yesterday, particularly the strike, and other things we've done, have disrupted their ability with the attack planning they remain a very lethal force and probably at least 2,000 hard core isis fighters in afghanistan now. of course, many of those come from the prisons that were opened a few days ago. so that number is up and is probably as high as it's been in quite a while. that's going to be a challenge for the taliban, i believe, in the days ahead >> there are about 500 afghan soldiers protecting the perimeter. did you evacuate them and their families and do you believe it can take on civilian aircraft soon or require some repair or expertise? >> the best of my knowledge, which is pretty good, i believe we brought out all the afghan military forces who partnered with us to defend the airfield,

and their family members i believe that has been accomplished we need to airport to be operational and we need it to be operational quickly for civilian traffic. so we're going to do everything we can to help with that let me give an example one of the things we did not demilitarize when we left were those pieces of equipment like fire trucks and front errnd loaders. we left that equipment so that is available to allow that airport to get back and operating as soon as possible and it needs to get operating as soon as possible >> the deadline has been said it was going to be august 31st. do you think there may be some people who had some false hope that they had at least one more day before this happened and can you explain the tactical decision as to why you completed this mission on the 30th as opposed to the 31st? >> sure, so it's actually the

31st in afghanistan as we take a look at what day of the month it is th the 30th here. 31st in afghanistan. we actually went out on the 31st if you look at afghan time we did not get everybody out that we wanted to get out, but i think if we had stayed another ten days we wouldn't have gotten everybody out that we wanted to get out and there still would have been people disappointed with that. it's a tough situation but i want to emphasize again that simply because we have left, that doesn't mean the opportunities for both americans that are in afghanistan that want to leave and afghans who want to leave, they will not be denied that opportunity. i think our department soft stof state is going to work that very hard >> so were there any evacuees left at the airport when the last military flight left? >> there were no evacuees left at the airport when the u.s. last flight left >> on the taliban, you've talked

about their ways of operating with the u.s. military here. do you see a role for the u.s. military to have open conversations with the taliban even potential coordination going forward? and particular, with this growing and now accenting threat from isis? >> my dealing with the taliban revolved around our determination to execute this operation and the very flat statement we made to them that you know, if you challenge us, we're going to hurt you. i think they recognized that and for their own purposes, this is something they wanted to have happen, too. i can't foresee the way future coordination between us would go i would leave that for a future date i would say they wanted us out we wanted to get out with our people and with our friends and partners so for that short period of time, our issues, our view of the world was the same finally, i do believe the taliban's going to have their

hands full with isis k and they let a lot of thoese people out f prisons and now they're going to reap what they sew >> the entire defense one, can you assure the american public that every single u.s. service member is now out of afghanistan? >> every single u.s. service member is now out of afghanistan. i can say that with 100% certainty. >> really quickly, just to clarify. you mentioned 123,000 out of afghanistan earlier this morning, we heard 122. so can we assume that that was 1,000 afghans that came out in some of these final flights and then i have a quick follow up. >> we brought about 1,000 afghans. i think over 1500 out in the last 24 hours or so. the exact number, i'm sure is probably, that computation's probably going to change a little bit in the days ahead i don't think it's going to change much. but yes, we brought a number of

afghans out here at the very end. >> and how would you characterize this evacuation mission? because on the one hand, 123,000 people got out on the other hand, of course, you lost 13 marines. more than 100 afghans died and still potentially 100,000 sivs that did not get out so how would you characterize mission? >> the 11 marines, soldier and sailor we lost, i will never forget that. that will be with us for the rest of our lives. we've all lost people before and it's never an easy thing you would like to bring out everybody that wanted to come out. we're not able to do that. situations wouldn't allow it i think we did a very good job of getting everybody that we could get out given the unique challenges of the tactical situation on the ground. the fact that really not all americans wanted to leave. the americans for a variety of reasons, want to stay for a

while. i think we'll go back and they'll have the opportunity to revisit that and come out if they want. i think it's just important to note that we shouldn't look on this as the end of that engagement about people in afghanistan. i am confident that engagement is going to continue through a variety of venues and it won't just be the united states that's going to be engaged on this. i think our international partners are going to be engaged on this going forward. >> two more. to the phones again. >> thanks, general mckenzie. i'm kind of curious just how american citizens are going to be expected to get to the airport and what the continuing terror threat will be in the coming days and what the evacuation picture is going the look like for them >> i think the terror threat is going to be very high. i don't want to minimize that. i think what we'll do is work with the taliban and work with the next governor of afghanistan. whatever his characterization is

going to be, in order to ensure that our citizens are protected and that they have an opportunity to leave as you know, we still have a variety of significant leverage over whatever future government exists in kabul and i have no doubt that the department of state will fully exercise that leverage >> do you have any confidence in their ability to secure the city right now, the taliban >> i think they're going to be challenged to secure the city. i do know this just speaking purely practically as a professional. they helped us secure the airfield not perfectly, but they gave it a very good effort and it was actually significantly helpful to us particularly here at the end. >> last question for today, megan. >> are there any u.s. aircraft still doing overflights of afghanistan? either kabul or otherwise, looking out for potential threats? >> so, as we have said for quite a while, we always reserve the opportunity to go after the

counterterrorism realm when these targets present themselves so we will always retain the ability to do that >> that's about all the time we have general, any concluding thoughts you might want to add? >> it's been a long day and much longer, actually, for our forces that are coming out. the operations have gone smoothly so far and i just look forward to, look forward to recovering the force completely. getting everybody home >> thank you, general. thanks for your time thank you, all have a nice afternoon. >> general frank mckenzie along with john kirby, the spokesperson there at the pentagon announcing that the last plane of the united states has left afghanistan has left the kabul airport and all u.s. troops, 100% certainty, said general mckenzie, all u.s. troops are out on the last plane, general donahue, commander of the 82nd airborne, of course it was sent back in to afghanistan once the taliban overran the sitting government and ross wilson, who's the

sergeant of affairs at the united states embassy in kabul two of the last united states officials to be removed from afghanistan. that's it. the kabul airport is now under no control at some point soon, they hope, they say, it will be under control of the taliban and some degree of professionals. there's been discussed the possibility that turkey might get involved that qatar might get involved in flight operations there. let's take a live look now at the state department where we're told blinken will speak next we're expecting to hear from him how our commitment to afghanistan does not end of course, there are many thousands of afghans who had been promised safe passage out of afghanistan once the taliban took over. many thousands of them were not able to get out. it's the latest reporting of nbc news that there are about 250 americans inside afghanistan who had expressed an, who had wanted to get out of afghanistan but ha