light and i watched a dude run a red light to get in the popeyes drive-through, supply and demand. charles: i have to tell you something i look to qsi for the last two years they've gotta do a better job cleaning up the restaurants they really do. popeyes are not clean at least the ones of gone into and that turns me off. you are the best, liz claman what is exciting hour waiting for you. liz: thank you very much, breaking news the centers for disease control and prevention about to update its guidance on wearing masks as cases of the delta variant seam and some particularly hot spots of the country, the white house were edward lawrence is standing by with the breaking details, were also looking at a lot of companies that may escape reaction and adaptation of what's happening at the cdc.

>> this is gonna play a role in the markets later on today for the next hour into the close as well as tomorrow getting deeper into the recommendation that was just released the cdc is saying if you're in a substantial or high transmission area you should wear a mask no matter your vaccination status they did not to find what substantial transmission means. the cdc recommend community leaders push vaccination and push masking up, finally the new guidance as all teachers, students, staff and visitors k-12 schools should wear a mask regardless of vaccination status that will affect the fall school, this is opposite of what the white house is saying the past few months as they try to get americans vaccinated. the goal for the administration was 70% of americans having one shot by the july 4 weekend here we are almost august, 69% of the population 18 years and older has one shot of the vaccination and has not met that goal white house press secretary jen psaki

saying the cdc guidance reflects the changing virus with the delta variant she also defended that the president is not sending mixed messages anything get vaccinated and loser mask. >> not today while the virus hasn't been vanquished he made clear that it was not over that those are hung vaccinated were still at risk he made clear that you were protected from serious illness, hospitalization if you are vaccinated. >> these are recommendation, some local governments have mandated masks and large cities like los angeles so this can be in munition for more cities to move that direction to bring the mask out of the closet if that's where they put it. liz: we are hearing the uc system in california and the

california colleges anything from berkeley to ucla to san diego will expect that teachers and students when they return will wear masks. the situation is very fluent were waiting for the teleconference from the cdc to begin as soon as it does were going to take you there perhaps more clarity, as the cdc makes new guidelines unmasks official let's look at the mascot and mega stocks. the dow jones industrial down 128, we do have the nasdaq getting really hammered in a larger way as far as percentages. these three names on your screen will escape pandemic related bad news even as a selloff were talking about apple down one of the quarter, alphabet, google down one and three quarters microsoft done under 1%, coincidentally all three are about to reveal quarterly earnings and no doubt what will

be after the bell flurry of market earning reports. by now or forever hold your peace, let's kick off the preshow with the guys invested in the heavily researched and all three of these names senior research analyst dan fox. we're looking at a nasdaq that is selling off any of the s&p down 26 points, the downtown 132 and my right, if anything negative might benefit from the current slow but the three names are talking about "after the bell" who do you expect to farewell, better and best. >> i think we will see facebook do incredibly well facebook is a firm that was founded in 2004 we have 17 years of the modern social media industry and their continuing to demonstrate really strong growth were expecting 60% year-over-year revenue growth not to stray the pandemic but during the pandemic where they continue to grow revenue unlike many s&p 500 companies this is growing in fast-growing days and they will blow people out of the water where the really strong earnings season.

liz: and dan i want to hear about your third-quarter expectation for apple specifically because as we look apple their way more exposed to the fact that they are hardware maker with ipads and iphones and everything else, hold on, standby we have the breaking news centers for disease doctor rachelle the wolinsky is giving back data, the update on the current status of the coronavirus pandemic in the delta variant particularly as it relates to new mask changes. let's listen in as we can. >> in rare occasions some vaccinated people infected with the delta variant after vaccination may be contagious and spread the virus to others. this new science is worrisome and unfortunately warrenton update to her foundation. we continue to strongly

encourage everyone to get vaccinated. getting vaccinated continues to prevent your illness, hospitalization and death even with delta it also helps reduce the spread of the virus in our community vaccinated individuals continue to represent a small amount of transmission occurring around the country we continue to estimate that the risk of a break infection with symptoms upon the delta variant is reduced by sevenfold. the reduction is 20 for for hospitalization and death as cdc has recommended four months unvaccinated individuals should get vaccinated and continue masking until they are fully vaccinated. in areas was substantial and high transmission cdc recommends fully vaccinated people wear masks in public, indoor setting

to help prevent the spread of delta variant and protect others this includes schools, cdc recommends everyone in k-12 schools where a mask endorsed including teachers, staff, students and visitors regardless of vaccination status. children should return to full-time in person learning in the fall with proper prevention strategies in place. finally cdc recommends community leaders encourage vaccination in universal masking to prevent further outbreaks in areas of substantial and high transmission. with the delta variant vaccinated more americans now is more urgent than ever, the highest spread of cases and severe outcomes as happening in places with low vaccination rate and among unvaccinated people. this moment, the associated

illness, suffering and death could have been avoided with higher vaccination coverage in this country. covid-19 continues to present many challenges and a tremendous toll on a nation. we continue to follow the science closely and update the guidance should the science shift again. we must take every step that we can to stop the delta variant and in this pandemic. and now i'm happy to take your questions. >> thank you, doctor wolinsky, we are ready for our first question. liz: let me just tell you we are watching the markets here

because this was widely telegraphed a couple of hours before the announcement were not seeing a huge response to the markets at the moment the dow is down by 136 points off the lows is the transport that is getting hurt downward and 300 points because they encompass the airlines, if the airlines are very concerned they will institute a push harder on the mask mandate which they still have very much in place let me go back to the white house and edward lawrence, edward one point of clarification if you can give it to me the doctor was saying specifically they are recommending masking in areas of substantially high transmission, she did not get into the weeds or the details of what or where those areas are. >> that's the key it's a gray area that allows government, local cities to come and say hey we have a substantial transmission regardless of what it is and imposes mask mandate

was also interesting at the very beginning we caught the tail end she can from the delta variant has been transferring from vaccinated to vaccinated person. when a vaccinated person gets a variant it's a mild cold you don't go to the hospital in general and you don't have deaths as a result, is unvaccinated people that they are saying also what is interesting what's not in the guidance what were not seen is a lot of stress on social districting which we heard in previous cdc guidance, there saying kids need to go back to school, kids need to be masked up but were not hearing social distancing is in there that might set the stage to open all public schools across the country. liz: indeed we want to let our viewers know for a second the cdc was having technical difficulties there taking questions now and i want to clarify one thing they're talking about areas and people who should wear masks even if there vaccinated if they live

with immunocompromised individuals or young children who are not vaccinated. as we watch the market were off the lows of the session right now dow jones industrial down 141 and maybe we can put up the market to get people data i'm going to stress with the nasdaq down 191 the lot of the session was a loss of 336, not the worst picture at all, where are we going to want to go back to our guest let me bring back dan and jay. the nasdaq is off the lows in the three names that were waiting for "after the bell" apple, google and microsoft they are getting hit today, what is that about jay, let me go back to you. >> i think it's clear were not out of the woods with the covid-19 crisis, we heavily favor software companies over hardware companies if you're looking at facebook and google versus apple apple has a lot of

risks for supply chain and they need their handsets developed in asia we don't have a clear path of what that could look like over the next three to six months when they expect to do a lot of sales in the second half of the year we have a slight preference for social media and advertising based companies like facebook and google. liz: speaking of google were looking at google and everybody's talking how they're going to come out with interesting club business numbers, they are still up 4 billion in revenue for their cloud business, four times smaller than microsoft which is coming in at 16 billion what do you think is something that you will watch specifically when it comes to the battle of the clouds. >> i think of the battle of the clouds there will be plenty of room for multiple companies to be successful, microsoft you mentioned is executing very well we think with the google cloud platform under the writ until

leadership of thomas is a very interesting multiyear opportunity when we speak to customers of the google cloud they get a lot of value in key areas like artificial intelligence like analytics and the google cloud is in an investment mode but we expected to be seen sleep bigger business over the next few years you then mary that was search which remains very healthy and the youtube platform which has tremendous growth prospect a lot to like at google. liz: tesla yesterday complained about the ongoing chip shortage, and fact they were so fleet of foot they change their software so they could shift to different shifts that were in better supply than some of the ones that were very short in supply, you have to tell me that it feels like apple because it's more of the hardware into the business it is going to be more vulnerable to the chip shortage situation, am i correct there. >> absolutely i think it's a lot of devices in the pc space and

personal computing look at the video games it's a very fast growing and people are spending a lot of time at home playing a lot of games it's still incredibly hard to get your hands on one of the new consults like a series x or playstation five this isn't just an auto story or phone story it's basically any electronic device we still have supply chain issues which are a limiting availability of certain products. liz: jay, dan sorry for the segment there but we want to get the mask information out rather quickly it's pretty much what was anticipated and what fox news had confirmed with the white house and the cdc that masks are being recommended in heavily transmissible places of the delta variant virus. thank you so much to both of you. those earnings are imminent for apple, google and microsoft "after the bell" ups breaking down at this hour of domestic revenue figures in the second quarter the stock down nearly 7% right now the disappointing

overshadowing on the top and bottom line also feeling that chill about 5% revenue this or not, there is no question that these days were all piling up more cardboard boxes up into the driveway, more than ever one man's trash is one businesses charger the waste management ceo is here on how his trash is making tons of green for investors on the e-commerce boom the closing bell ringing in 45 minutes. "the claman countdown" has landed a fox business exclusive ceo jim fish, that is next. ♪ with voltaren arthritis pain gel my husband's got his moves back. an alternative to pain pills voltaren is the first full prescription strength gel for powerful arthritis pain relief...

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january the stock has far outpaced the s&p over the same time. that trajectory might just continue after the trash collection giant reported to be on the top and bottom line but it was not your pandemic castoffs that drove the numbers. it was the company's best ever performance in one particular division, let's bring in waste management president and ceo jim fish on a business exclusive. it jumped on the earnings release at the core of the strong results were the best ever numbers on the recycling business. you have to outline what is working there. >> a couple of years ago we made an intentional strategic shift towards recycling and we've invested heavily in technology over the last couple of years, you may have heard me this morning say not only is the technology producing better material at the back of the process but labor cost and a pretty labor-intensive business

so reducing labor cost by 35%, were accelerating those investments to the tune of $100 million but it did payoff this first quarter is been paid off for a couple of quarters now. liz: to the point about recycling specifically you say your numbers were driven by recycled commodities, can you tell me which commodities were talking about and how you managed to wrap your arms around a business let's say five or six years ago wasn't exactly the case. >> most commodities on an upward trend and certainly plastics, cardboard, metals are performing nicely i would tell you this is not solely a beat on commodity prices if i look at the price of cardboard it's come up 17% above of our historical averages but still 40% below all-time highs that's why see the technology investments was a big contributor here as well.

liz: you have 103 recycling facilities and you're making green from green i want to bring up this part you have $61 billion market cap and you pay a dividend i like to let her viewers no even during tough times they can sit there and get paid all the weight at 1.57% as a forward annual dividend yield give me a sense of whether you see the increasing or holding steady. >> the dividend itself? we typically look at the dividends at the end of the year so our dividend policy we discussed on our board in november so i would expect we will increase the dividend again in 2022 we had something like 20 consecutive years of dividend increases since we paid the dividend back in 2002 so i would expect it will increase the dividend we don't know exactly but how much at this point but a strong cash flow will bode well for dividend holders.

liz: your stock is exciting to investors but your company may be exciting to potential employees we have a labor shortage that is not breaking news i'm not telling our viewers anything they don't know, people are not rushing at this point. you guys have taken a very aggressive stance as it pertains to bonuses signing and hiring bonuses we were looking at our website you have driver rolloff of $7500 same for a swing route driver wage collection is $6000 bonus diesel, mechanics, 5000 people coming are they a lord by that and also your promise that you will pay for the education? >> they are coming last month was a big month for us i think we heard more drivers and technicians that we ever hired in the last month were on a run

rate to hire quite a few this year but were not just turning people but we only lost 125 and we only hire 685 so they are coming and we saw some big increases we talked about a run rate basis were up about $85 million of labor cost that's going directly to those folks and i know some of that is pressure that's artificial being caused by the unemployment benefits that in at august, early september. i think it's a good thing for a folks as well and is different for us to really make this a great place to work. you mentioned the education benefits were excited about that and as far as i know i think were the only company that offers it to dependence a lot of companies will pay for the education of their employees for paying for dependents when 70s as i'm going to give you an education you say great, thanks when 70s is going to give it to your kids you say wow, that's

impressive, that's what were doing. liz: i applaud you, jim fish of waste management, i said the name, good to see you, thank you so much. we are coming right back as china continues to crack down on the most popular companies, we have more on that and i was developing in the last couple of hours. don't go away.

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liz: fox business alert china's attack on its own country super popular countries showing no sign of letting up in today's pop stock, jd.com taken another beating at this hour as kathy would wave the white flag and she's not the only u.s. investor saying i don't want to touch these things you have ten set down 4% jb down 2.4%, ali baba down three to half% kathy would end her team completely

eliminating both jd from the innovation fund which is down 2%. as xi jinping reaching rages were on the tech titans who dared to lift shares in foreign exchanges. ten cents market cap leading more than $390 billion since february highs due to the regulatory assault what we seen is arc in aviation as i mentioned looking like it's pulling back by two and a third%, while dd is another chinese stock has managed to fight off the third day of bear attacks it is slightly well right now and has been much more considerably china's most listed in the u.s. is taken outside hits were talking about full truck alliance, targeted in the same cybersecurity probe as dd, full truck alliance down 13 and a quarter percent and pop-culture group has lost its

entire post-ipo gain of 1200%. down 8% at this moment. but the sun does emerge from the clouds, chinese tutoring stocks were the first china's rogatory hammer on friday fighting back after a massive two day slide that began last friday look at the stocks rebounding calendar national up 25% yeah gsx known as go to up 13% oriental is bringing up a and recorder percent. we do have another shocker you may have heard about from across the pacific some mobile pulling out of the gymnastics team finals in tokyo. the most decorated gymnast in olympic history taking a step back citing her mental well-being after struggling with her landing on the ball the gymnastics goat she will make a decision after the day after tomorrow with the individual

apparatus inflated later. hershey's and kellogg's are bucking the downward arrows today we both have them higher with hershey up a 30% but the gap is down as retailers take hits on today's revised mask guidance. gap is down 2.7%. we have to get to tesla, at this time yesterday we were awaiting those earnings numbers tesla surpassing $1 million and net income of the second quarter but could the china threat take the energy out of the kingpin and his rival here and across the pacific. we are diving deep into that when the closing bell is 18 minutes away, we're coming right back, don't go away. ♪ we are thrilled we finally found our dream home in the mountains. the views are great, the air is fresh. (sfx: branches rustle) it is bear country though. hey boo-boo! we hit the jackpot! bear! bear! bear! look, corn on the cob! oohh chicken! don't mind if i do! they're hungry.

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metastasizing to pretty much the entire electric vehicle sector let's tackle the chinese nio, lee otto, look at this look at the hits, expand down 14.6, lee down 14.6, nio bringing up the back and down 8%, the pileup on the street stalling u.s. makers verde is taking the biggest hit at the tune of 16 and a quarter% lucid would just went public yesterday we have the ceo down 5% it has been up before the market open but it's not what tesla is doing, tesla is down 2%, it's what they were doing before the opening bell matchup, as i mentioned we had lucid moving higher this on the heels of the 10.6% pop on the debut on the nasdaq and tesla was up on gangbusters earnings reported the best sales in history $1 billion in revenue and the

net income blowing expectations. but what do we do know enter now. ceo ross gruber, this is strange to me you have the u.s. names even on the great numbers that tesla just put out getting hit, they are getting painted with the same ugly brush as the chinese makers, is not an opportunity or do you say freeze where you're standing at the moment, don't buy, don't sell. >> i think it's an opportunity with the ev makers i see this power in china with a massive huge companies in the billionaire capitalist in china getting too much power and a president xi and the government saying is not the way it's going to be when you look at ev technology this is an area that is crucially important to china's edge on the technology level and for their environment because they have such huge

effects of climate happening in china, we see this as emotional overreaction to sell every chinese stock even though the real targets are the massive players. liz: i would think so it is such an overused. >> why would it benefit china with the ed sector. liz: why would it benefit china to kill or stifle their own companies they are just what they are a communist nation trying to say we are still in charge of the top but that aside, talk to me about tesla tesla second quarter looking amazing you said factoring the first quarter that the first quarter was a gift to the haters of tesla how do you categorize the second quarter of the numbers and what are you expecting for the third quarter. >> i was wondering if you would reference that we had a bitcoin gain in q1 and we had lots of

regulatory credit sales raising this issue of the quality of earnings and this time there is not a lot to pick at you would call it pristine or gift to the lovers record profit blew away profit expectation and record profit, regulatory credit sales were down, auto margins were up there is not a lot to pick up, the stock is down but i think china has muddied the waters it was about as good as you can probably do with your tesla. liz: faraday just made its public debut last thursday, lucid motors, those are high-end luxury ev companies, yes tesla has the flag coming out, i have the plaid. >> the best car ever made. liz: should tesla be a little

bit worried do they hear the brass on their neck of the other guys running up behind them? >> no, i don't think so i think elon said it a couple times on the conference call making the prototype is easy but production is incredibly hard on top of all the supply chain issues everybody is dealing with and autos in ed's, if you really listen to what he saying the challenge that faraday and lucent have up to full production will be massive over the next year or so but right now they have not delivered a car and i think it will be sometime before they deliver anything at scale and tesla is so far ahead of the competition we were adding to our petitions and i agree this is the best earnings report i've ever seen for tesla and they don't have model f numbers in these numbers, super bullish on tesla. liz: yesterday when i was interviewing i asked him a

crucial question, i want you guys to hear that question and his answer because we've got to talk about the inflection point we appear to be at right now. listen. peter, i want you to finish the sentence for me, no one is going to be buying, not driving, no one is going to be buying gas powered cars by the year what? >> i think it is going to be 27. liz: he is saying 2027, do you agree and we have mercedes saying we will be all electric bike 2030 gm and ford made their predictions volvo everybody else going this way, who comes out the winner. >> i'm going to disagree, while agreeing and answering a slightly different question i think 27 is aggressive because

you have to make a lot of these things and battery sales will become a limiting factor in tesla credibly could grow 50 or 60% for the foreseeable future but that doesn't get 40 or 50 million units globally for the entire industry by 27 in my opinion. however, i think now in adventure ross agrees ev's are objectively higher performing cars ten years ago a leaf was more than a sentra and it went 80 miles now you have applied with 1050-horsepower with 500 miles of range. they are pretty much objectively better cars so that part of the competition is over so now we have to transition if that makes sense. >> the batteries, they have to have the batteries if they want to do this. liz: there building the giga factories, great to see you,

thank you very much we have this breaking news i want to get to president joe biden right now in virginia at the office of director of national intelligence, moments ago making comments about the new mask mandate that was an asset the top of the hour by the cdc the president urging americans to get vaccinated and said he's considering making it required for all federal employees. to be vaccinated. we're coming right back the dow jones industrial are lower, nasdaq down to 14 and russell is down 30 points. we are coming right back. ♪ rush hour will never feel the same. experience, thrilling performance from our entire line of vehicles at the lexus golden opportunity sales event. lease the 2021 is 300 for $379 a month for 36 months. experience amazing.

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liz: with the breaking news of increased usage of masks major banks are steadfast in their plans to bring workers back in full force but with the cdc guidance unmasking the real their intentions, charlie gasparino has been working on the story they were already strict about their protocols, were they not. >> most of the big banks in new york particularly the ones telling people to get back to work morgan stanley, goldman sachs, j.p. morgan and morgan stanley saying come back we want most people back after labor day. are essentially prodding their workforces to get vaccinated i would say 90% is a number that these executives are telling at these firms of the workforce is particular in new york city have been vaccinated the whole notion of a mandate for masking is throwing them a ball into the reopening plan and why is that, the way they explain it to me if

you have an office setting something like 15000 people, how many people i think are in j.p. morgan's office in midtown having an office experience where you having meetings and talking to people and constantly doing stuff trying to talk to clients behind the masks is almost impossible it almost defeats the purpose of having everybody together because the communication does not work so well. if we see an indoor mask mandate extend to new york and that's not what we have we have the federal government say places where they are hotspots, we are recommending, the cdc centers of disease control recommending using and wearing masks indoor, that doesn't necessarily mean new york will get the mandate and governor cuomo or mayor bill de blasio will enforce that mandate on businesses, we don't know and there's a good chance they are not because the numbers

here of infections are rising the not at a level, clearly hospitalizations and deaths, we don't have a health crisis here, many new yorkers on those working agents something like 70% have been vaccinated. we know the vaccination if anything they may not prevent, you still might get infected but you will be spared the worst of the virus, what we can say is this goldman sachs, morgan stanley, j.p. morgan, all of the banks closely monitoring it and they're looking for local guidance, they have not gotten the guidance yet, if they get the guidance that you have to wear a mask indoors, that is going to throw their back to office plans in complete disarray, i think they will postpone it, i don't have that

confirmed this is just from talking with some of the senior executives at the firms they think it is hard to be integrating thousands of people in this environment and trying to do stuff with masks on. watch this closely, that does happen, the worst case scenario they don't bring people back, it's going to be a real problem for new york city. in terms of revenues, wall street, people forget the bankers may not live here, they spend a lot of money here all side businesses get were built into wealthy restaurants, theaters because wall street is here, multiplier effect that is huge that will be a problem for them next mayor of new york city the new york city budget because of lockdowns was already bad. that's where we are, wait-and-see we have to hear from the firms, the firms tell me when they have an answer we will get the call, back to you. liz: i will take it, good stuff, thank you very much charlie gasparino. i have a question is it time to

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♪. liz: folks, four minutes left to trade. the nasdaq is looking at its worst day since may 12th. now the dow was down 266. the s&p was down 49. the nasdaq was down 336 at the bottom. so everybody is off the floor. if you're thinking, wait a minute, liz, weren't we in ugly town? nasdaq was down 152. loss of 197. worst day since may 12th.

vix at highest volatility level since july 19th. that was recently. we have that climbing a 8 1/3%. a little bit of fear in the markets right now but is that the perfect time to bear the fangs again? our "countdown" closer with 50 billion under management says now is your chance. he is john lynch, comerica bank. john, both days, apple, amazon, facebook, netflix and of course google? >> thanks, liz. "fang" stocks are very helpful for investors but i would prefer a fully diversified portfolio. we've seen the fangs lead the last three months. earnings are coming out later this afternoon for many of them. slight overweight for cyclical sectors. i believe those are best positioned next six to 12 months, financials, materials, industrials. half the stocks in each of those sectors are at three-month lows. financials have the benefit of

you know, no longer having caps on buybacks or dividends. we see dollar that appears to be peaking that would be better off for the industrials as well. liz: yeah the industrials are a mixed picture. tough to be high to the upside here on a day where almost everything is selling off but you've got to tell us, john, what would be the catalyst for the materials? we do not have an infrastructure bill. we don't have that exciting, sort of movement forward at the moment. we have the new mask mandates announced about 52 minutes ago. tell me what you see as the catalyst? yeah, i think there are a couple of things. i think there is a lag effect certainly from what we will see. we'll see some sort of infrastructure bill. i think if you want to look at a market signal. even though interest rates pulled back over the past few weeks, i think it is interesting that the copper gold ratio has not caved in with that pullback in rates. so that tells me there is still

a global bid for growth if you will. and the fact that copper is outperforming gold even though rates pulled back, i think that is a positive sign from a market signal standpoint. then getting some degree of closure over the next hopefully over handful of weeks, infrastructure, but it is beyond that. we're starting to see global cyclicals starting to move. asian cyclicals. european cyclicals. that bodes well for domestic industrials. domestic materials as well. liz: okay. you know we've got 30 seconds left. where do you see the markets, let me say a month or two from now, end of the summer things were in the doldrums. back to school. who knows where the delta variant will lie? >> that's right. i think the delta variant is the great unknown. that was the primary driver last monday's selloff. hopefully we will get clarity. hopefully vaccinations will lead us to, you know better times.

next couple months could be dicey. still maintain year-end fair value of 4500 for the s&p 500. which is just about 2% from current levels. [closing bell rings] liz: john lynch of comerica, thank you very much. great to have you on the show. we are in the red. time for "kudlow." ♪. larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow. so big news out today from the cdc regarding the delta variant. let me start out with president biden's statement, quote, following the science, doing our part getting vaccinated america can beat covid. meantime more mask wearing in areas most impacted by the delta variant will enable us to avoid