vaccine a sore arm and things like that. you can get them at the same time. >> in 20 seconds, meg, are we going to have another spike in covid once the east goes inside for the winter >> i hope not. scott gottlieb says even if we see a spike right now, theat it might be the last one. that does it for "the exchange," everybody "power lunch" begins right now >> kelly, thank you very much. see you in just a minute well, everybody, to "power lunch" for a friday. here is what's ahead do not believe the bad news. the jobs report for september was ugly, but the big miss isn't as bads it looks we will tell what you the experts say and what it means for your investments bitcoin's breakout prices hitting key levels. is bitcoin the new inflation

hedge? we will look at crypto's roll amid some market madness and can james bond save the box office the stakes are high for an industry still trying to bounce back from the pandemic amount of big hour ahead cal -- kelly. >> the dow is down ten points. the s&pdown five the nasdaq down 54, these where we are seeing the most decisive action this afternoon. .4% decline n. bond yields, the ten-year moving higher, now just a hair below 1.6%. we have been watching some of these key levels lately. domestic crude hit $80 for the first time since i believe 2014. we are just below that it was enough to give energy a boost again. those were some of the best performers on the s&p with hess and eog up 5%. do we call it a miss

the employment rate fell, we added 194,000 jobs last month, wages were up. does it make sense let's bring in steve liesman. >> details report a stronger job market than the big miss this the headlines. many think the fed will look through this weakness and announce a reduction of asset purchases in november. 194,000, 317,000 on the private sector because of government and education are subtracted a healthier household survey average hourly increasing. employers are paying up for workers because there is a shortage out there another shine on the report, 169,000 of restrictions from july to august there was also a key lengthening the work week. that's one way employers can teal with the worker shortage.

looking at where jobs were and where they weren't, the education sector, down 180,000 a lot of seasonal funkiness to use an official word there in both the private and government education sectors. goods, retail, leisure and hospitality doing reasonable well they need to do stronger to see some of the great numbers we saw in july. the fed's asset purchases, the date are showing progress and should meet the substantial further progress for tapering. however the test for rate hikes remains more stringent it was a month full of challenges hurricane ida, the covid charge, rocky opening to school systems. 5 million jobs down from before the pandemic. >> since then, steve, even though i know it is early on in october still, jp morgan out with data saying maybe things

look better this month. >> that data i looked at so of the high frequency data showing after the survey period things picked up the jobless claims number was healthy that we got on thursday. there is some sense -- plus all the things i read on that list, if you look at each one of them they are all improving somewhat since the survey period which was in the middle of september. >> steve, thank you, sir our steve liesman. >> pleasure. all right. the crazy jobs report capping a crazy week volatility came roaring back with big swings up, big swings down a few key market themes occur. let's get to mike santoli at the nyse. >> it has been jumpy that's press much what's promised in september. it is living up or living down to that reputation look at the six-month chart of the s&p 500. the picture that emerges is we have over the last five weeks been kind of tracing back and testing whether that late summer

leiftation in the markets messily kinds of driven by the big growth stocks was for real, if you are going the see real buyers come in as we had to price in an economic deceleration and policy flux we didn't go back to that level. that's mid july low. at the lows on monday we were only 1% above that traders were looking to see if we eventually got there. the result is we are a little more than 3% off the highs from september 2nd. a little less than 3% off the lows not quite halfway back from the losses there i think it is preserving a lot of kind of uncertainty on both sides. bulls and bears, i doubt they changed their opinions based on this week's activity because it seems to be operating within the bands of where both think the market ought to be look on a month-to-date basis, the different indexes. you can see a theme emerging, old economy doing better than new economy. the nasdaq had a good bounce, the nasdaq 100, off the lows it hob the dow, the reflation,

industrial type sectors have worked better. s that also echoed in commodities rehl sieve to software s that year to date chart of the commodity exchange traded note that's the actual physical commodity futures thatter with talking. software cutesy, hard versus soft, real assets versus virtual assets but there has been an inverse. real does doing well at the expense of virtual a reflationary move. another one here energy a big part of it. the question is, are we back in for another one of these mean reversals? or with the jobs report, wages going up, this inflation mindset prevailing over investor attitudes -- is this going to continue to widen out. >> thank you very much mike santoli so will the issues facing the stock market and the labor market may out in third quarter earnings let's bring in cnbc's senior

analyst ron insanaa and jack ab listen with creditsity capital ron, how does the market interpret this jobs report and the what it could mean in terms of fed policy and more >> you know, i would agree with steve liesman that it doesn't necessarily mean much and doesn't alter the course of the fed policy going forward their on track to taper. they are getting the substantial further progress on the unemployment rate in particular. one note that steve made talking about the household survey, there was a decline of 710,000 individuals who were previously unemployed so there is a divergence between the non-farm payroll number and the household survey, the latter of which is much stronger. i think the fed will weigh that more heavily given the upward revision we have seen in the recent months. i always thought we had to get through september to get a real

read on employment i think that has been proven to be the case. >> jack, your thoughts here and what it could mean for the fed. >> sure. i think the jobs report will tend to perpetuate that inflation narrative. we started to see improving job picture in the demand side, services, casinos, and restaurants. and then we saw job losses on the supply side, mostly in production and transportation, which isn't necessarily meaning it's not growing it just means they are certainly constrained. so when you put that together, that does mean higher prices it also means that employers, because of the participation rate are paying higher wages we saw the prices going up, the work fleet expand. that will push the inflation narrative. i don't think this is going change the feds' view. what i do think as an investor, i am going to take a pretty hard

look at the consumer segment of the s&p as we go into earnings season this is a very labor intensive business that does rely on often overseas supply. we will see how the topline growth which they full low expect will trickle down into the bottom line where margins could be hit. >> ron, talk to me a little bit about what i hear all the time, all the time with any merchant i speak to, with any business person i speak to. i can't find workers where have they gone >> 3 million retired early there are still over 1 million women who haven't returned to the work force and we talked about this before. i think there is a massive rethink going on i mean if you are let's say a cashier at a grocery store and you see the two or three lanes of auto checkout, self check, and they want you back for a little while but you are looking at these numbers, you are maybe going to get a slight bump in pay to go back but it is not

going to be permanent. i think people are thinking about reskilling i think the pandemic caused patio emto reevaluate what they are could go and what they want to do going forward. it is funny, jack mentioned las vegas. and i heard that some people aren't going back to work there. how the hotel i stayed in for a conference this week was at 102% of capacity. so you have got businesses that are moving quite briskly they are bringing people back. but i think people are looking for longer term career oriented jobs that offer some upward mobility as opposed to just getting a job that pay as minimum or less than living wage. >> if that's the case, jack, then how much can the fed solve that for society >> yeah, that's -- unfortunately, that's really beyond the fed's control they certainly kacan't solve fo

supply they can crimp demand but also no reason for it really what they need to do is normalize interest rates if you look at concretity's copper gold model it says the treasury should be at 277, not 1.6. i think there is more room to go to the upside. it is not going to kill the stock market if we take the pe from 26 to 20 that means maybe between a 5 and 10% pullback not the end of the world, but call it a correction the recovery is still in place. >> gentlemen, great to see you have a good weekend. ron insanaa and jack ab listen. be sure to sign up for jim cramer's investing club. jim will be sending daily e-mails, writing on our website and giving videos on line. you can sign up to find out more at cnbc.com/investingclub or just point your phone -- point your phone at that qr code on the screen, and it will take

you -- kelly, it will take you where you want to go. >> turn on camera mode that's the key. coming up, is bitcoin the new gold we will look at bitcoin's new bowl and why investors are using it as an investment hedge. plus next week the financials start reporting their quarterly results killing off earnings seasons which stocks shhh you own on the event? which should you pick up on the cheap if you get that opportunity? trading nation is on the case today. i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time.

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bitcoin is capping off a wild week, outperforming the see saw market the fourth largest crypto up 14% to $55,000 levels we haven't seen since may. it is 400% off its 52 week low what does it tell bus the cryptos? is it a risk asset and inflation hedge or just a story onto itself bill, it's good to have you. a lot of bullish rhetoric in the crypto community right now what's driving it. >> yeah, look, i mean, obviously, price leads, right. and the price is telling us we were in this multimonth accumulation phase basically started in may and it is really coming out of it now you have got a few things happening at the same time, right? you have massive, massive

shortage, right? crypto is leaving exchanges. there is a net outflow there is not enough crypto to go around you had a whole lot of leveraged shorts wrecked in the crypto world, the two playing off each other that was causing the markets to go up and down, which is what you see in a bitcoin accumulation phase we have clearly come out of that to the upside. it proves we were kinds of in a macro bull trend and what we thought was a crash was literally what you see when you are in exponential growth. you have got to look at the bitcoin price on a log chart not in a linear chart. it looks like a straight line up and to the right. >> when i look back on the 18 months and the upward line, what happens when the liquidity starts to ebb. when the federal is tapering, raising interest rates, the fiscal stimulus stops in d.c

how much of that liquidity is built up in something like bitcoin. >> not much, because there are so few strong hands so far that make up a massive percentage the overall bitcoin holding. so it doesn't really yet take a lot of large institutions coming in to drive the price higher so my point is that if you get slightly higher interest rates but you still get the kind of accumulation that we are seeing bitcoin moving to strong hands and just a few institutions coming in, hedge funds, the black rocks of the world it is not going to make any difference in terms of what the interest rates are, really. >> but i am thag about the retail public who by and large comprises the existing longs some of them were in from the start. some have gotten in over the past 18 months fueled by all of this excess liquidity. i guess once it's in it's in and it's not until things turn around that there might be an

issue of people pulling out. but it is interesting that many of these arguments are made for the price of bitcoin to keep going higher i think the concern always comes back to when i ask people fundamentally, aside from the structure and all the rest it always comes back to dollar debasement i joked a little bit about this, how bitcoin represents austrian economic and the dollar is for the danezyians things like that. >> sure. >> that's why i wonder if a big change with what's going on with liquidity provision could be something that pulls the rug out from the performance for a lot of these cryptos >> maybe in the short-term they might be a blip like when elon said he sold 10% as a higher the broader narrative is that this is the fastest adopted technology in human history, meaning cryptocurrencies and it was faster than the internet, faster than smart

phones in fact, than anything we ever had. the network effects are amazing. when you get to that tipping point -- rememberlike when facebook shares were being sold on the secondary market before it went public and people couldn't believe how fast the price was going up it was all about the network effects. when you look back on the network effects it was predictable. the same thing is happening with bitcoin now. it just so happens, it is happening at the same time that we are having this global debasement discussion. i think the that comes first and the interest debasement comes second. >> that's more different and subtle that's what's going on right now. we are showing stats about aum and all the rest of it i guess the final thing here on the regulatory front is this comment from powell how they are not looking to ban kkss. and mark cuban saying they won't

ban the market that might be a strategic market as relates to china. where does that leave us >> not anywhere that we weren't at two weeks ago bitcoin is a stream of ones and zeros. it's effectively free speech it is like saying you are going to ban free speech we didn't need clarity they were not going to ban bitcoin where we need clarity is what is a security, what's not a security and give us clear guidelines as an industry so that institutions that are still watching -- to my comment before, we don't need a lot of them to come in to make this baby higher but give them clarity so that institutions that want to come in get over that last bit of fear around the security issue that's the last issue, no

whether or not you are going to ban cryptocurrency that ship has sailed nobody in the west in any free society believes you can ban cryptocurrencies. >> interesting bill, we appreciate your analysis today thank you for joining us. >> any time. further ahead, could james bond revive the box office why the finale to the spy thriller saga could be a binding moment for theaters and they are up 7% on the week. amc is the only laggard, down more than 1% we are back after this you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do.

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♪ i would just fly, fly away ♪ i'm julia boorstin, here's your cnbc news update at this hour for the first time in twop months, the seven-day average of new u.s. covid case is below 100,000. hospitalizations and deaths are also moving lower. but some health experts warn it is important the maintain vaccination rates to avoid a potential surge as the weather gets colder. two female employees are dead in a shooting at senior living facility outside of washington, d.c. police say they have a male

suspect in custody but aren't talking yet about any possible motive the company that owns the property says it is proud of the heroic and swift actions taken by its staff to protect respects. vice president harris visited a child-care center in new jersey today she's highlighting efforts to make child care less expensive and more available so that parents also have a meaningful opportunity to work and participate in the the nation's economy. and after receiving more than 190,000 suggestion from the japanese public a tokyo zoo has decided on the names for its twin giant pandas. the boy is xiao xiao, and the girl is lei lei. they go on display in december beautiful animals. let's check on the market on this busy friday the dow is down ever so -- no, it's not it's up ever so slightly but that tells but the day

it's up, it's down, ever so slightly still on pace for its best week since late june. let's look before we speak here. always good to do. this is the facts -- what do they call it the facts? the truth? the news the news s&p, it's up it's green and nasdaq, it is red, down. look at some of the s&p winners this week. most in energy phillips 66? yep, uh-huh, that's up, that's green. marathon oil that's green apa. where is this? that's green you see that and diamondback, up 10.5%. on the dow side -- it says dow side, we mean down united health, travelers, chevron and nike what?

>> in the dow. >> this is really going well i hope my boss is watching on the nasdaq 100, the internet stocks are among the high performers opinion duo duo. i thing i pronounced that right. here are some of the movers we are watching today, in our next half hour, covid rapid test maker gidle rallying today, off its highs a bit, the company reporting a revenue-driven largely by the pandemic. the drug market allogene therapeutics falling a hold being placed on their cancers drug through to a dna abnormality in a single patient. pell on the and zoom -- we

consider them work from home stocks, down for the week on fo losses i wish you better -- now everybody knows why i get tweeted all the time that people's favorite part this show are tyler's market checks. what's the problem with the jobs market? not enough jobs? not enough workers or is it a combination of both we will discuss that next. stay with us need to get your prescriptions refilled? capsule pharmacy can hand deliver your medications - today - for free. go to capsule.com. we handle your insurance. all you have to do is schedule delivery.

go to capsule.com to get started in 15 seconds today. 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. ♪ i'm a reporter for the new york times. if you just hold it like this. yeah. ♪ i love finding out things that other people don't want me to know. mm-hmm. [beep] i just wanted to say... ♪ find yourself in these situations and see who you are. and that's just part of the bargain. ♪

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see if you can save by switching today. comcast business. powering possibilities. the oil market is closing for the day, a day if which we saw crude hit $80 a barrel let's go to pippa stevens at the commodity desk >> day, tyler, the elusive eight handle has been topds. wti reached 80 for the first time since november up 20.14

it traded as high as 80.11 but couldn't hold the level and ended up 1. 3% for week it is up better than 4% that's the seventh straight weekly gain, the longest winning streak since last december a more muted move for brent, which is ending up half a percent at 82.37, after earlier trading above $83. also finishing the week this the green for over three weeks natural gas. volatility has been the name of the game on wednesday it spiked to a seven-year high. but it has since moved off that level finishing down here at $5.56. because it is friday got to get a check on gas prices. the national average is 3726 per gallon up eight cents in the last month. at the highest level kelly in seven years. >> a lot of superlatives

let's get back to trying to figure out what's going on in the jobs market. only 194,000 jobs were added last month the latest jolt support for openings shows a record 11 million openings in july it is higher than the number of people unemployed. with enhanced unemployment benefits endsing and most kids back in school people still aren't getting back to work, the labor force participation rate basically staying where it has been since last june joining us now in a first on cnbc interview is peter quickly, the ceo of kelly services. welcome. you are one of the leading staffing companies what can you tell us about the number of openings versus the number of people who are showing up to fill them and your reaction when you saw the jobs report today >> thanks, kelly good to be with you. certainly for anyone that thought the jobs report would include a bounce from the expiration of unemployment benefits or schools reopening

would be disappointed that it didn't recall theize we tend to look at it as july and september being bookends of the delta variant in terms of jobs creation. so in july, the survey was conducted before the spike in the delta variant, and it was a great number in september, the survey was taken in the midst of the delta variant spike, and the numbers were disappointing i think there are some encouraging signs. the private payroll number was not terrible at 317,000. the real drag is in government, which tends to do very well in september. but because of the drag from local education, which in our business didn't surprise us because in the 15,000 schools that we support across 45 states, we are seeing them struggle significantly with finding talent, not only for

teachers, but more importantly, bus drivers and custodians and food service workers, and paraeducators and tutors and substitute teachers. so that part of the jobs report didn't surprise us >> interesting so i guess if i had to put the question differently, peter, would you say that hires are slowing because the economy is slowing or because people can't hire the workers that they are looking for? >> i think more the latter, kelly. we are seeing strong demand across all of the industries that we support, even if there might be some softness in the jobs report in construction and manufacturing. that's probably due to the chip shortages as opposed to any slackening in demand so we think the challenge in the economy right now is finding enough people to put to work in these jobs where there is so much demand. and that's really the challenge that we have and have to figure out. i was struck by the labor force

participation rates because all of the decline is due to women leaving the work force and that's got to send a signal that we have an issue with likely child care that we have got to resolve if we are going to improve the labor force participation rate and get women back into the work force >> that's what i want to talk about with you because that was something that steve liesman mentioned at the top of the hour, the million fewer women in the workplace today. you cited it it is not a question of there not being jobs out there it is a question of labor force participation. why is -- why are we having such a dearth of workers? you pointed to child care. that might be one reason but there must be others. >> well i think -- you know n this economy and in this labor market, workers have the right to be choosy about where they go to work. and we spend a lot of time

working with our customers trying to help them understand what attracts workers and how they can retain workers. it's not just about compensation and benefits it's about creating a workplace, a work force, a work time and work style that suits the needs of today's worker. we released a work force agility report in july the top ten percent of performers understand that the employee experience is just as important as the customer experience and they spend a lot of time focusing on what their employees want so things like flexible work, remote work, career development opport opportunities, diversity, equity, inclusion, and a belonging environment are all things that today's workers look for and will wait for before they take a job. >> it's interesting. you use the term -- not work/life balance, but work/life

integration, which encapsulates all of the things you were just talking about and that the best-of-breed employers get that. >> yeah, there aren't any two worlds anymore, tyler. it is integration of work and the rest of the obligations that today's adults have. and understanding the -- whether it is child care obligation or elder care obligations, or an interest in developing initial credentials through a career -- all of those are factors that are critical to helping employers retain and attract talent and that's what we spend time trying to help our customers for example, we launched a kelly certification institute to help employers and their employees upskill and gain additional credentials to add to their professional development. >> all right peter, thank you for joining us today with your thoughts

peter quickly of kelly services. earnings season kicks off next week. the banks could set the tone which names are best buys ahead of the results in our trading nation team will make their picks.

welcome back to "power lunch. i'm seema mody a handful of big banks on deck to report earnings next week expectations are high for jp morgan, bank of america, goldman sachs, wells fargo and others to deliver strong quarterly results. what should investors be watching let's bring in two traders who know a lot about this space, craig johnson of piper sandler and daniel schea this is a sector that has done well on the idea that interest rates are moving higher from here is all the good news priced in would you be a buyer ahead of earnings next week. >> the good news being priced in is exactly what i am worried about here the banks have traded higher jp morgan and bank of america are up on highs. and expectations are really high they have to blow numbers out of the water in order to continue

higher for me, i am look at these tickers and i think they have made targets look for them to pull back a little bit on earnings than i would to buy it here or bet on it going higher. >> craig, i believe you have your eye on jp morgan, who reports on wednesday; is that right? >> on jp morgan and the xlf. i am more bullish than daniella. i look at the setup on the xlf i can see 22% more upside from here definitely still a buyer the xlf. in terms of jp morgan, it is a nice short of breakout happening here we think there is more upside in this sounds like from our fundamental analysts they see potentially meaningful catalysts in terms of the banking side of it and also in terms of the m & a side of it being catalysts for the shares buyers of the jp morgan heading into the print. >> great to see you both for more on trading nation, head to our website or follow us on

twitter. still ahead, what's going on with the jobs market summer is over, kids are back in school, offices are reopening, expanded unemployment benefits ended. why aren't the jobs being filled we will get insight on this next. >> announcer: now the latest from trading nation.cnbc.com and a word from our sponsor.

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welcome back to "power lunch. rail stocks outperforming the s&p today. union pacific, the biggest gainer, among the railroads after the west coast operator received an upgrade from jp morgan you see it is up about 2% right now. norfolk southern also getting positive commentary in that note both are forecast to benefit from a surge in container volumes.

late rest numbers, rail container volumes nationally up 10% year over year you can see it here. currently 128 ships off the port of los angeles in some capacity, some anchored, some unloading. there are 59 more expected in the next month this demand and the increased pricing power could be beneficial for union pacific sol of its key lanes seeing rates more than double, in some cases triple from 2019 levels. we are to the going to get to that graphic we will keep it moving transport stocks have risen over the last months. the dow -- now we have the rate increases, doubling, tripling. you see the numbers there. transplants outperformed the industrials over recent months up over half a% compared the down a half a% something to watch over the hello season and transports become more and more crucial to the economy. our next guest says slower than expected september jobs growth underscores the need for action on infrastructure and

budget reconciliation, which he says could lead to the creation of as many as 2 million jobs he says the infrastructure bill could help bring down black unemployment now at 7.9% and help get women back into the labor force. unemployment rates for women are lower than they are for men, but that's partly because their participation rates are lower, as we have been talking about during the hour. let's welcome in marc morial, of the urban league, former mayor of the city of new orleans, where the giants will be playing this weekend. >> they played last weekend. >>; is that right? they played last weekend down there. >> you beat us, ty, don't rub it in. >> that's right. i think it is my washington team that plays new orleans this week. >> i owe you a slice of pizza. >> washington plays them that's my hometown team. let's talk about this report unemployment rate is down, growth is not as high as possible, because labor participation is low why do you think that is

and why do you think that the black unemployment rate is so much higher than for whites even in the face of their being so many job openings across the economy? let me make -- yeah, ty, let me make a few observations because what gets reported by the department of labor is the net increase in jobs what's interesting with this report is that actually over 300,000 jobs were created but the layoffs or rather the job losses in the education sector and in the health care sector dramatically brought the net job number way down. so consider the sectors. education, both at the state and local level. and health care, nursing homes and hospitals. that it staffed up to address the pandemic one item in this report that's

not been discussed enough i think is in the sub l. al data. 1.6 million report that quote my pursuit of work is being hampered by preponderance of the evidence related hardships it could be transportation it could be i am afraid to go to work because of covid. i'm afraid to expose myself to the disease. so we've got to understand the largest obstacle in my -- from my point of view given the fact that we did have significant or rather job gains in the private sector is the continuation of covid. if we don't get to some level of herd immunity where people are comfortable returning to normal traverses then this if you will drag on the economy will increase i hear many people commenting on the need for upskilling.

well, the president's plan has significant investments in community colleges, technical schools, four-year colleges with increases in pell grants the things i hear business leaders say we need. the african-american community needs that opportunity, opportunity to increase skill levels to take advantage of new opportunities in the construction industry but we also need a lessening of the historic barriers to employment, racial barriers that take place in construction because of both unions and contractors >> i hear your point i totally, totally agree with i don't -- you but there are jobs wanting that are not necessarily high skilled jobs whether in grocery stores or restaurants or whatever so those jobs are going begging,

as well. >> yeah? >> on the vaccine matter with particular respect to the african-american community the african-american community lags in vaccination. how do you get through to that community and get more buy-in that this is a good thing? even at the level of intelligent men and women like some nba players who are resisting being vaccinated, they risk losing millions of dollars from it. >> 90 plus percent are vaccinated we have got topush truth we have got to push awareness. that the vaccine is the weapon we have to deal with this pandemic with smallpox, measles, mumps,

rubella. this is nation overcame some great health crises and now in the 21st century we have an opportunity to do it with the vaccine so we are at the national urban league pushing in 40 cities a campaign called the all-in campaign to educate people much better but i want do get back to an earlier point and i think something else is occurring and that is people who may have been in low wage jobs pre-pandemic, some of the jobs you say are open say i'm not sure if i want to go back to that kind of work. >> correct. >> i'm willing to drive uber, lyft, doordash i'm willing to do other types of work while i look for a job that pays a living wage and putts me on a path. we have to understand that some of the jobs you talk about are jobs that even when people work full-time they have a hard time

maki making - >> hard time makingin a living. it is a hard time making a live to live where we live. thank you. >> thank you for having me. after the break, theaters were shaken and stirred in the pandemic but is their fate sealed what the new bond movie could mean for the industry right after this hey, dad! hey, son! no dad, it's a video call. you got to move the phone in front of you like..like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most and $0 commissions for online u.s. listed stocks.

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and only pay for the features they need. welcome back shares of some theater chains higher today barely. amc is lower and the revival is facing a huge test this weekend with the release of the latest james bond movie julia? >> kelly, james bond "no time to die" has $6 million last night the best bond domestic preview number ever. this puts the film on track to gross $80 million this weekend according to senior media analyst after the film grossed $120 million internationally last weekend the film is distributed by mgm in the u.s whether bond nears the $90 million opening pandemic record set by sony's "venom" last

weekend depends on whether older audiences feel comfortable to return to theaters why the franchise tends to do well with men age 45 and up. googen time says if they return then quote that would be a breakthrough for the domestic box office and proside some hope to those distributors with oscar bait releases and others are watching for an indication of what is to come this fall. bond has the advantage of being an exclusive release with the widest release of any bond film in 15,000 screens. >> although as i turn to tyler i think the theaters while they may count on 45 and up males liking the franchise want younger males to get back to theaters why you wonder if they will flock back in size. >> i guess bond has a certain cache and may other kinds of

heroes more con ttemporary and appeal to more males and women for me sean connery was the king of the bonds julia, final thought >> last week venom did great 90 million openers. >> i'm with you. >> thank you for watching. he is pretty good, craig i like him "closing bell" starts right now. thank you very much. welcome to "closing bell." i'm i'm conferred at the new york stock exchange the major averages mixed heading into the final hour of trade >> i'm courtney reagan in for sara eisen just 194,000 jobs added versus estimates of half a million. the 10-year above 1.6% as banks get set to report next month and the energy market is a key