great strides in europe with our customer base there. if you look at our focus in that particular segment of driving down your battery range, you could go quickly, the driver needs something to do because while it's a fast fast charge, about 10 to 15 minutes so we're focusing on the players. >> i'll go to costco with that kind of time pasquale, thank you for joining us today pasquale romano of chargepoint that does it for "the exchange." "power lunch" starts right now kelly, thank you very much hello, everyone, and welcome i'm tyler mathison we are just about 18 hours away from a very important jobs report, one of the most important in years, really if the numbers are good, the fed will have no reason left not to

pull back on its purchases of fixed income securities. we'll talk to a former fed governor about the last stop on the road to tapering later this hour plus, banks have been the best sector this year and there are plenty of names to buy now we'll talk to the ceo of land's end. it's been a retail winner. supply chain issues plaguing that company you can't sell clothes you don't have, kelly. >> no, you can't welcome to "power lunch. i'm kelly evans. the markets are higher almost across the board the nasdaq trying to stay positive the s&p up 4, the dow up 73. the big winners are in energy. the sector is the best performer with crude oil and natural gas futures continuing to rise energy up nearly 3% as a sector. crude up 2.5%. it's over $70 a barrel once again, that's why you've heard more positive commentary about nat gas up

occidental and cabot outperforming. cabot up 7%. as for the big tech names, google and facebook taking a breather and facebook close to a new high we will have more on that coming up we begin with the march towards the taper. we will watch for signs the market is making the progress it wants to see before beginning that process let's go to steve liesman for a look at what exactly investors are expecting and what will be good enough for the fed. >> reporter: kelly, thank you. another strong jobs report indicated tomorrow the weak adp report, the delta variant has at least dented job growth and raises questions how solid that estimate is for

720,000 jobs for the august report inflation is at or above its goal jobs, clear progress but not substantial further progress which is what fed chairman jay powell wants the loss of unemployment benefits, about 10,000 people stand to lose emergency benefits on september 6th curiously that's labor day weekend, eliminating $6 billion in weekly payments there's a race here for individuals on the broader economy. you have to replace with earnings from jobs many think the lost benefits will win out it doesn't put people back to work immediately nancy vanden houten writes, we don't expect the end of emergency benefits to lead to an immediate jump in employment and in the near term jay powell joined in calling for the taper this year. he may want to see the numbers

on that. many fed members want to start the taper right now, tyler >> steve, stay with us for a couple of minutes. for more on the importance of the jobs data former fed governor who is now deputy dean and economics professor at the university of chicago school of business welcome. good to have you with us as always what do you think is on the mind of fed chair jay powell right now and his fellow fomc members? >> exactly as steve was saying, trying to see what is enough progress and what is substantial. that leaves them a lot of wiggle room looking at not only the headline numbers but the details, be what's happening with hours worked, wages, what's happening in the different sectors? they will look at those

different pieces and not just the different numbers. >> the fed seems to have communicated about as effectively as one could that a tapering, a pulling back of bond purchases is coming. does it really matter when it starts, randy? >> well, i think it does make a bit of a difference. plus or minus one month will not make a difference. six months or a year makes an enormous difference. given a lot of people concerned about the potential of inflation with the economy coming back and the labor market does seem strong, a lot of people are quitting and you only see a lot of quits when people are confident in it. i think it makes sense to lay the foundation at their next meeting and start sometime later in the year. >> what would you make of a miss in the morning what would you look at whether it was a bad miss because demand is slowing or a good miss because people can't hire the workers they need? >> that's really, really a tough

question to answer because you only see the number rather than seeing whether it's supply and demand we know that there's an enormous number of jobs open. job openings are near record levels we know people are willing to quit their jobs. and so it's sort of hard to tell, but even if the number is lower than expected like the adp number was lower than expected, i would interpret that as more it's difficult to attract people to get the jobs rather than the jobs aren't there. >> steve, pick up on any point you'd like i guess in some ways it comes down to clear progress versus substantial progress the difference between those twost and their two meanings in this context >> back to your question about whether or not a month makes a difference on the near end of cascading events that would come later they say, hey, if we could get the taper going now, reduce the pressure on inflation that will limit how much we may have to

raise rates down the road. if you start taper now and do an aggressive taper that takes eight months or ten, or even quicker than that, you can get the runway clear for rates sooner if you need it and provide the flexibility. i think you're right, tyler, a month here and there doesn't matter but looking down the road what happens next year and the sequence of events in that sense it matters how quick the fed starts now >> i think it was randy who said it would be quicker, that a month doesn't make a ton of difference inside the fed for a moment, if you would. how important is it for the chair to have unanimity on what he says and does as opposed to something less than that

some of the people saying it's time to taper were those on the hawkish side may not be voting members. take me inside that sort of mouch of a consensus do you have to have? >> well, jay is very good at building consensus, very few dissents if he thinks we need to move, if he thinks the fed needs to move and the u.s. economy needs to move in a certain direction, he'll move i think he's very good at listening to what other people have to say and making sure their voices and thoughts are included he's going to make a decision and go forward that may mean there will be some dissents and some people say, gee, i really want to move now and just like i was there and ben bernanke tolerated quite a few dissents, he got what he needed to do i think jay has been masterful in building consensus. he may get some dissents

potentially on both sides. some want to see the consequences of the delta variant. why pull back so quickly when we're unsure of what will happen next month with the delta variant? others say, look where inflation has been, look at the jobs market there's no ambiguity let's move now >> randy, how much political pressure is president biden under to replace powell with somebody more left leaning and who will pursue some of the ideological items, social goals that we've seen people want a new fed chair to pursue? >> it's hard to be inside of the white house and inside of biden's head, but i think you can make a good argument that chairman powell has done a very good, balanced job of trying to bring -- well, we sometimes

forget that what happened before the pandemic remember we were at record low unemployment levels and a lot of people who wouldn't be participating in the benefits of a strong jobs market were and so i think he needs to get some credit for that and making sure everyone participates in the labor market and benefits from the labor market one of the reasons for changing the fed strategy to average inflation targeting. so i think that's -- that would be a good argument he would give, hey, i'm not sure about this guy >> he has a resume to stand on have a great labor day weekend steve, thank you as well >> to the bond market now. rick santelli tracking the action rick, ten year still under 1.3%. >> reporter: yes, it is.

if you look at a couple charts, we are going into this number reverting, consolidating the high there is 1.37 the middle is 1.31 sort of where we're aiming and well below the very significant resistance we talked about months ago. 1.37% to 1.39% you saw the angle of that. look at a two-week chart of bunds. aiming up and much firmer. as a matter of fact, tomorrow's numbers are important but the market has made an assessment. why? because the dollar is not faring well lately. if you look at the euro versus dollar, it's at a one-month high exactly. the dollar index is a couple days short of one-month low. if you look at the dollar versus the chinese yuan it's at the worst levels, the dollar at the worst levels since the last few days of july more than a month ago.

finally a two-week high for the pound. a good idea who is going to snug and who isn't. the only question i would have asked, if we keep purchasing q/e how will that matching the job openings with people who aren't employed will it find them babysitters? i don't think it makes sense take a look at shares of virgin galactic which are sinking. let's get to morgan. >> reporter: that's right. so shares had been up something like 3% and then crossing the pirs we get this updated statement. down 7% on this. we had known and it was tied to a new york er article a flight

deviation tied to its last space flight that took founder sir richard branson to the edge of space. the faa coming out with a larger statement just a few moments ago including saying that, quote, virgin galactic may not return the vehicle to flight until the faa determines the issues related to the mishap do not affect public safety now this as virgin galactic announced it is targeting as early as later this month for the next space flight, a commercial space flight, revenue generating that will take members of the air force into space. in the meantime the company did say as a result of its trajectory it did drop below the space protected about 1:41 that quote, at no time did the ship travel above any population

centers that faa representatives were present at the time and are working with those regulators now. you can see shares are down 5% >> so what was the, quote, mishap a course or deviation from flight plan? >> a deviation from the specific course that was laid out, the airspace in accordance with the faa. it was due to, i believe, winds, some weather patterns and navigating safely this rocket-powered space flight. that being said, as the company mentioned, the faa was involved in the process, in the control room and now this investigation is on sl going now more details to come, i would imagine. >> let's move from one space company to the owner of another. elon musk is tweeting and when he tweets there's some tweets. this is in response to an

interview earlier today. to julia boorstin to explain it all. hi, julia. >> reporter: texas governor greg abbott defending the state's restrictive abortion laws in an interview on "squawk on the street" this morning pointed to support for the state's poll tis from elon musk who moved to texas. take a listen. >> whether it be elon musk, who i talk to frequently, elon had to get out of california because part of the social policies and elon consistently tells me he likes the social policies in the state of texas >> reporter: but elon musk responded on twitter saying, quote, in general i believe the government should rarely impose its will on the people and when doing so should aspire to maximize their cumulative happiness. it sounds like musk does not agree with the law or governor abbott but does in the want to say it directly.

coming up, a 20% gain for the s&p 500 has made a lot of active traders feel pretty smart this year. we'll dive into that lands' end has had a great start to the year up 45% supply chain issues become a threat to earnings we'll ask the company's ceo coming up. do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance. (vo) this is more than glass and steel... and stone.

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if you haven't checked your 401(k) balance recently you might want to. with the s&p up 20% so far this year account balances are rising along with them. and a rising market makes geniuses of us all bob pisani looking at how those active traders have done so far this year. hey, bob >> reporter: you're going to be very happy the numbers are great because the markets are up and we have new data from charles schwab particularly the trading in their brokerage accounts not bad at all average accounts up over 22% the s&p up about 30% in that time period, so this is pretty good considering a lot of people have bonds in their account. these aren't day traders they do about 14 trades a quarter. that's about one trade a week. conservative portfolio not all over the place

average account has just 12 positions. one thing that's very interesting they love tech stocks all the stuff we talk about at cnbc they're involved in apple is the most popular. tesla. these are not surprises here amazon a couple surprises if you look further down microsoft and nvidia are there nio was a surprise, an electric vehicle company. you don't see facebook or alphabet but see nio a little bit of differentiation in terms of what they're interested in. who has the most money this is what everybody wants to know not surprisingly if you divide it by age group the baby boomers 57 and over have the most money. the average amount in the accounts $532,000 gen x, the millennials you think they don't have any money, they're just 30 years old, but surprisingly the average millennial account had $103,000 that's a fifth of what's in the baby boomers but hey, not bad certainly better than the average account over at

robinhood right now which is considerably smaller everybody is happy right now kelly, back to you in a rising market, thank you, bob pisani. as stocks continue to reach new highs, now is a stock picker's market and he's using earnings revisions to find names to use the most the chief investment strategist. it's good to see you earnings revisions, tell me about that >> we are at the point in the market cycle where investors get very focused on earnings we've had the last 15 months, 18 months a huge rising tide of good macro data where really everyone, every company, has seen a big benefit and now we're at the point some are calling it peak macro where the bigger story, things are stabilizing. the question today which companies can pull away from the pack and see positive earnings revisions as the macro back drops are not getting much

better from here this is classic to our normal cycle and we've seen that work really well, picking stocks across sectors since bond yields peaked >> the early stages lift all boats. you have 50 different stocks here let me mention a couple of them. the nasdaq itself, hpq, raymond james, google. this is a pretty eclectic group. >> when we're doing stock selection it's always sector neutral and we're looking for attributes across industries and sectors. typically investors look for similar attributes whether it's a financial company or a tech company or a staples company it makes sense to broaden out and diversity the portfolio in terms of exposure.

what we're looking for is growth at a reasonable price. that also has near-term earnings momentum and fairly moderate betas. >> i want to probe deeper into the methodology i use so you understand it. one part is earnings revision. another part seems to be a correlation between earnings per share and pmi, purchasing manager index movements, am i understanding correctly? >> sure. >> and how does the pmi figure into this and bring about or the cornerstone to those that you point us to? >> so pmis are purchasing manager indices are great proxies of the business cycle. probably the economic data point that most explains what we see in markets from leadership to returns and volatility we've seen pmis go up a lot, that's why beta, risky stocks, had worked well the last 15

months and in the last six or seven have gone sideways they've stayed strong but are no longer rising and that's where we get to how it impacts our models, beta, rmetrics go up. we expect pmis to stay fairly strong here amidst the volatility from covid but it leads to stocks that have a more neutral beta small cap value and things are underperforming the last several months and too early to get defensive, too >> that, michael, was going to be my next question. this phase you would describe is when pmis flatten out. what market phase is coming next >> sure. we've been talking about staying

in the middle for the last several quarters the recovery, the big returns are behind us, where everyone is a genius the other side of the coin when pmi sustainably starts to decelerate, that's when you want to get more defensive. things are good, probably will stay good for a couple of quarters you want to get balanced late q1 of next year, the models suggest we will enter a sustained slowdown in the united states, how deep that will be and how long that will last is still too far to say investors will want to be more defensively passioned. >> that has a lot of implications for the fed michael, thank you very much we appreciate it

>> thank you, kelly, tyler >> thank you and further ahead, pandemic prescriptions, drug makers may have been focused on covid vaccines and treatments but it's not the only products they've been selling there's been a big uptick in a surprising class of drugs. hurricane ida causing massive flooding in new york, new jersey, after days of wreaking a path across the south. pressure comes on congress to pass an infrastructure bill. we'll discuss that and more when "power" returns. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot.

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welcome back i'm rahel solomon, and here is your cnbc news update this hour. president biden's approval rating has dropped significantly in the wake of the afghanistan withdrawal a new poll shows it fell hitting 43%, the lowest level since he took office. the survey done by npr, pbs news hour and marist are responsible for the decline. general motors is again cutting production at its north american plants due to a shortage of semiconductor chips. it will add or extend down time in canada and mexico

most will last two weeks 12 jurors and 5 alternates selected in the fraud trial of elizabeth holmes seven men and two women will decide the fate of the theranos found earp accused of making false claims about the drug testing business for the first time in 40 years abba has a new studio album. "voyage" will be released and the group will use digital avatars with a live band it will be held in a specially built abba arena the company founded by george lucas. kelly, are you an abba fan >> now you have our attention, rahel. what i want to know is if tyler is >> i love the play >> i do, too >> i'm finding out a lot of people are closeted abba fans. >> there are some i might have heard saying it was a sign of

the apocalypse days after hurricane ida many still don't have power or drinking water a bill is held up in congress. the president actually visited new orleans and outlined the need for imprompts ylan >> reporter: he was warned that critical infrastructure could fail after weak ida the city is barely hanging on and biden is turning up the heat on congress to pass a bipartisan bill that could send billions to the big easy and the entire gulf coast biden said this isn't about politics and that hurricane ida didn't care whether you are republican or democrat one of the lead sponsors is bill cassidy of louisiana who has been urging his colleagues to get onboard as well highlighting

$2.6 billion for pro jukts in states like like louisiana that frequently get by hurricanes over 1,600 miles were out of commission yesterday there's also money to restore natural infrastructure like louisiana's coastal wetlands and barrier islands. >> you envision this giant wall of water pushing in across the coastline of the state and further inland we are evaluating ways to mitigate that and one of the things we've seen are wetlands to buffer communities close to the coastline. >> reporter: president biden will view the damage up close tomorrow and try to build support for more money >> it seems like one of the things we're learning apart from the need for additional infrastructure is these storms not only are becoming bigger and

more frequent but may impact where people actually can live in the future, whether they are able to live in the low lansdowne there on the mississippi delta or on the coast, the carolina coast and so forth. >> reporter: yes these people and communities are being called climate refugees and there's one island, one barrier island off the coast of carolina, grand isle, completely destroyed during this hurricane. where people choose to live or whether there's land to live there will be changing and that will impact how and where some of the critical infrastructure is built ahead on "power lunch" lands' end beating earnings estimates but supply chain challenges and what supply shortages and the labor crunch could mean for the holiday season the lands' end c cinrit upeoomg gh

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on oil oil closes on a high note. up 2%, just a hair under the $70 mark nat gas prices surging, tyler. >> kelly, thank you very much. one stock on the move is lands' end and moving the wrong way down 10% despite reporting its best quarter in company history beating on the top and bottom line. but could the future be racked with supply chain issues welcome. we're delighted to have you here >> thanks. >> we're citing supply chain issues that may be a hairball in the quarter ahead. tell us about it where are the snags, if there are snags, and how serious are they going to be and how deeply might they affect

your holiday season? >> there have been supply chain issues due to increases in demand the last year and just lack of people working or lack of capacity. shipping goods into the u.s. you see factories having products completed, not able to book containers, containers coming over on ships but the ships not able to get into harbors and then the lack of truckers it's been an interesting year for everyone demand continues to increase business has been good as you can see from the record numbers we've posted and also profitability numbers. it's gray going into the back part of the season countries that are important, like vietnam the south of vietnam closed from the middle of july until at least the middle of september. so it's giving people a lot of margin and discomfort really being able to predict accurately the holiday season

>> two quick questions if i might. are most of the supply chain issues traceable back to covid or not >> in most ways, yes it's either lack of workers, lack of people able to work in ports, truck drivers, and you're seeing pent-up demand of people trying to get their hands on goods without enough containers able to ship from asia to hear >> i am fascinated with this container issue. how much more incrementally is it costing you to get a container, if you can get one, to ship your stuff >> it depends but it can be up to as much as four times what it was a year ago >> and what do you do with that four times higher expense? pass it on eat it >> no some cases you pass it on or make it up in pricing you've

already put in place >> i'm curious about profit margins, talking about american eagle and the other companies. you say you drove higher profit margins. you're helped by the recovery in school uniform orders, national accounts, swimwear you have in kohl's locations tell us how you can increase profit margins in times like this >> it's through supply and demand using artificial intelligence to be able to change pricing if you have something not selling extremely well you can lower the price in real time and increase the demand as the consumer is looking at it or vice versa if you have something selling well you can raise the price and increase margins >> what percent of sales are online >> 95% >> so this gives you an ability

in real time to do something that you couldn't have done simply 20 yearsago, 10 years ago. >> no, this was impossible to do at that point in time. as i joined the company almost fiviers ago we were bringing on data scientists who have done a fen omially good job at helping us manage our margins and opportunities in the coming months and years >> that's really cool. you can change the price of something to move more of it, raise the price of something if it's in heavy demand and get better margins fascinating stuff. >> you have to think as you look out in the future a real proliferation of people shopping online people have found convenience and speed. it's made products more affordable for customers because

of the infrastructure that you have to put forward. so it's really a plus for the customers and at the same time for the companies. >> very cool jerome, thank you very much. jerome griffith of lands' end. >> with a denim on denim look, i would add. up next, after a strong month for financials the banks are struggling again this week should you buy the deep? we'll break that down after is trading isn't just a hobby. it's your future. so you don't lose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim trading™ is right there with you. to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies right on the platform. because we take trading as seriously as you do. thinkorswim trading™ from td ameritrade. what happens when we welcome change?

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welcome back to "power lunch. i'm seema mody financials are on a tear this year, best performing sector in august, the biggest winner banks in particular bringing the heat, beating the broader group in the last month as investors grew optimistic about an economic recovery one of our next guests says banks are now at a key juncture. let's bring in matt and gina sanchez. gina, you say you love the banks. love is a strong word. tell us why. >> we have actually really benefitted from bank performance this year.

bank of america in particular has been a strong performer and part of that is they suffered with net interest margins and were able to make up some of that with trading activity and fees going forward so much has been priced into the stock price that even we recognize it will be a hard hike from here. we've hit peak macro and it will be hard to beat expectations >> what should investors be mindful of >> it's kind of leveled off just this week and it's digesting the gains it saw in augment it's normal and healthy the one thing we have to be a little wary of if it rolls back over, watch the two day average. if it breaks below that, that will raise a yellow warning flag on the kbe, the bank etf

if it can rally and break above the 53 level it will take it above a multimonth trend line. so that's going to be doubly bullish and give it the upside momentum i think that could give it a strong rally. we'll see how things play out over the next week or two. >> got it, good stuff. matt and gina, head to our website or follow us on twitter. tyler, back to you >> thank you amid growing criticism over apple's app store dominance, the company may let some apps bypass its fees and directly on company websites that story is next >> announcer: and now the latest from tradingnation.cnbc.com and a word from our sponsor. different sectors tend to do well during different periods of

the economic cycle when the economy is expanding technology stocks have historically outperformed the broader market however, when the economy is contracting more defensive sectors such as utilities and consumer staples tend to outperform

♪ 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, everybody. apple in the news today. the first story is the company announces a major change to the app store, allowing some apps to guide you to web sites and they are visiting asian car marks to prepare for the production of an apple car steve, let's start with the app store changes, apparently affecting media apps in particular tell us about that >> that's right, kelly this is primarily affecting what apple calls like reader apps, like kindle, and these apps can tell their customers, you can come to our web site, instead

sign up, possibly get a discount instead of given apple that 30% cut. >> they've already been making some changes, steve. they gave smaller developers sort of the right to only take a 15% cut. in a lot of cases they take 30% the first year, and korea is coming after them to open up the payment flow why are investors not more concerned? >> i think it's because it hasn't hit gaming yet. gaming is where a lot of apple makes a lo the of its profit, and what we're really waiting for is this epic trial that's happening in california. we're expecting any day to get a verdict on that. that could give us some direction as to how gaming plays into this. they'll hit apple more >> so that begses the question, won't the gaming apps and the ones that don't have a price advantage bestowed upon them, won't they get ticked off, and

take apple to court? how can you do that for this guys, and not for us >> you're right, tyler, they are already ticked off they're already taking them to court. we're waiting on the epic verdict. there will be more complaints about this, but it's really on apple to explain why it's okay to do this for these so-called reader apps, but not the gaming apps it's getting harder and harder to justify why they're doing this. >> what is it, the camel's nose into the tent? let's go -- let's not upset the apple car. ha ha. >> right. >> steve, tell us about the news there. >> yeah, you no, digitimes is pretty good on stories, but a heavy dose of skepticism on that a car is what people are looking at for apple to grow into the. it could be tim cook's nest play

before he steps down as ceo in the next few years they're talking to car manufacturers like hyundai and so forth yes, as the chip supply crunch hits, they're going to have to be planning ahead if they're going to do something here in the next five, six years. >> there was a lot of talk about there would be an apple tv it turned out not to be a tv, per se, but a television service, which probably is a smarter business to be in anyway anyhow, steve, thanks very much. >> you got it. thanks, tyler. apparently beauty never takes a backseat some wild data shows, outside of covid treatment, pharma companies have made -- seen huge demands for beauty and wellness drugs. we'll tell you about the numbers, next.

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responsibility, sustainability, and social equity. at nasdaq, we call it the "era of impact." and we're at the forefront of it. innovating technology, data, and insights to help you deploy an esg strategy to be seen as the company you aspire to be. many americans have recently gone back to the doctors' offices for routine care, and the prichgss are telling us about what we've been through the past year and a half meg tirrell has more hi, meg. >> good rx providing cnbc an exclusive looks, and they do have a metric of figuring out when folks started getting comfortable going back to the doctor's office for a routine

care these are essentially prescriptions where you need to go back in torrid to refill the prescriptions. in 2021, that dotted line, they started to tick up in february they tell us in in accordance with the conveniences getting rolled out more broadly. this is on a relative basis, but we have seen eyelash growth drugs prescription fills, the rate go up astronomically in the spring of 2021 we spoke with a license the aesthetician about this. the kind of drug is called la dtisse, and some of the could be contributed to wearing masks. >> you're left with just the eyes it's not only just the eyes you want to look pretty, it's just the eyes are your only way to communication with people. before you had the smiles and the lips and the facial expressions, and now you just have your eyes that's about the only thing can

you do for yourself. >> society is changing masks, causing people to get eyelash growth drugs on a slightly less upbeat -- much less upbeat note, we saw prescriptions relatively go up higher for antidepressants, specifically the againgeneric f zoloft the president of the psychiatry association told us, it absolutely makes sense there's much so many stressors during the pandemic. >> sad to thing about that one, so wee pivot back to the eyelash drugs, tyler, that are all the rages these days from a stock investor's point of view, maybe that's a stock -- is this a permanent change or not maybe you don't want to own it if people are going back to normal

>> it's fascinating, the company that makes la tisse is allergen, but it's got again so lower costs for an eyelash drug. m meg, we appreciate it. i'm off for a day, going to a niece ace surgery, and a friend tomorrow having surgery, we'll keep him in our prayers. see you next week, tyler. >> see ya. and "closing bell" starts now. >> the major averages mostly higher, as we head towards the close, though wells on of best levels, both hitting record levels during the session. >> i'm morgan brennan in for sara eisen what is driving the action today? energy by far the top performing sector crude back above