lauren: some people may be saying i haven't been vaccinated but i will let my sleep because i want to get the show back on the road. thank you for joining us and your podcast. that does it for me. great to fill in for charles payne, making money. cheryl casone he i'm handing you solid markets on the final hour of the trading day of september. >> we shall see if that will happen. the market is kicking off in september at historic highs. s&p 500 and then nasdaq amy for new records what was historically the worst month for stocks taking a look at the dow and the red 24 points, s&p of six and half and nasdaq up 77 and change today's rally coming one day after the official end of america's longest war in the largest evacuation in american history but the chairman of the joint chiefs of staff says is

the u.s. may be able to work with the taliban to fight up a threat from isis-k we will head to the white house on the live report from the latest there. meanwhile the cdc delivering a new warning to unvaccinated americans, don't travel over labor day weekend. this as the eu takes the u.s. off the safe travel list. we will go to germany for detail to get reaction from the mayo clinic top vaccine expert. and the cleanup from deadly hurricane ida underway as nearly a million residents remain without power. we'll have a live report from biden state and get a how businesses are recovering and one of the hardest hit areas. president biden meeting moments ago for the first time with a foreign leader since the completion of the u.s. draw from afghanistan the president eager to turn the page from america's

longest war. volodymyr zelensky the president's guest at the white house today president biden focusing his attention on the towering tabor russia and cybersecurity issues emanating from that part of the world but the results of the afghanistan evacuation are still friends center. joining us from the white house is edward lawrence. >> exactly, this is one of the countries that needs the support from the u.s. and is watching what happened in afghanistan. on afghanistan the chairman of joint chiefs of staff to be very different tone that president joe biden did yesterday. the chairman saying this, he understands the pain and the anger of veterans and says they will get to the lessons learned of this mission through the evacuation and he pledges that that will happen. he also says if possible the u.s. could work with the taliban against isis-k even though he described the taliban as brutal

and oppressive. right now in the oval office, the president is meeting with ukrainian president, president biden is telling ukrainian people that the u.s. will stand with them against russian aggression. >> the united states remains firmly committed to ukraine's sovereignty and territorial integrity in the face of russian aggression and our support from ukraine's urologic expiration. >> we are watching this very closely as a withdrawal other nato countries to leave afghanistan quickly, our adversaries are watching to see what kind of support there will be for areas of the world with friction like ukraine there are 54 members of the house and senate calling for the president to resign or be impeached over the afghanistan would draw, not one of them democrats, senator marsha blackburn not holding back when talking to fox business network about her call saint adversaries and even our

allies are watching this and wondering where the leadership is. listen. >> he is weak, he is cyclist, he is being dishonest he is not leveling with the american people. >> in about 90 minutes the president will get his weekly economic briefing, the white house eager to turn the page, start talking about the economy and we learned within the last hour or so the president will go to louisiana to survey the damage from hurricane ida as the rain from that storm is falling on us right now. cheryl: i was looking at research from pure research say the most americans now disagree with how the president handled the evacuation, most americans wanted to withdraw from afghanistan but they disagree with the handling and how the whole thing went out. >> 86% agreed to withdraw but something like 47% in that range said they did not approve of the way that this was handled. you cannot get that many

americans to grant almost anything. cheryl: very true. edward lawrence live at the white house, thank you. september is usually the worst time of the year for the stock market. data show since 1928 the month generated an average return of negative .1% with a ratio of only 46% but in the year since 1928 when s&p 500 rose by more than 13% of the first six months the index median september gain was 1.4%. it is up 15% through june and a house that had a pullback of more than 5% so far, could we see the market continue or should investors start to get defensive. let's get right to the floor show teddy weisberg and scott bauer, teddy what do you say? >> as smart investors are always defensive, you always keep an eye and make sure you have a chair sitting with the music

stops. but markets love to climb walls and certainly that is plenty to be worried about their as we look forward in the markets are certainly priced to perfection as we speak and i would suggest as long as the fed stays on hold and nothing dramatic really changes we might see some internal sector rotation within the market but i still think the overall direction the lines of least resistance for the market remain positive so i was a long and strong strap yourself in, it'll probably be a bumpy ride but i think the general direction will be positive to higher. .cheryl: i like that you said looking at the exits my eyes are always on the exit no matter what position i'm in. scott, their concerns from market watchers in particular the global chip shortage and we also have a global supply of blood and a lot of that is coping related in the fact that many other countries are not in a strong position like the u.s.

when it comes to vaccinations. if you are worried about something, i'm assuming it's not the fed if you were to worry about something, what would it be. >> you made a real good point especially with the chip shortage is and things taking much longer than we had anticipated with all of the supply chain issues. i think that's really the big thing to concern ourselves right now. the fed is going to say accommodated but as teddy said i believe we will see chops in sideways trades and we will be higher at the end of the month and the end of the year, that being said when you can buy insurance at a discount whether it's insurance for the market, insurance for your car, insurance for your homeowner insurance, you do it in insurance right now is on sale you can buy vic's calls, s&p puts, you can buy anywhere you want to buy insurance, it is really cheap so my advice, stay

long in the market and as teddy said we will probably see sector rotation and stay long but by the insurance. one area i would be cautious about is the nasdaq has run too far. i would not be surprised if we see a pullback in the nasdaq. but i would buy that if we get it. one area that i love right here and i want to get long and stay long is the energy space, it is been beaten up and if you look at the xle which is the s&p etf for the energy space for the top holding our exxon and chevron they make up 45% of this, is down at the 200 day moving average. great opportunity to get in there. cheryl: will see what happens at the opec meeting that could be a catalyst i know there's preaching up for oil and i know the energy has been strong today, actually to your point. but i also want to ask you about the jobs picture we have a labor shortage out there and even

though we had a big miss on adp today, the last we witnessed adp was a bad number basically ended negative number, you still have the july jobs report common fairly strong. this coming friday for august for going to get another strong report in the economy between adt and the jobs report has split over the last year or so. >> that is true but the general direction for the jobs report has been positive don't forget we've gone through. were a lot of folks have been paid financially to stay home and not go back to work and that is ever so slowly disappearing. i think you will see the jobs numbers improve as we go forward and overall i do see anything disturbing unless it's something really off the rails on friday. the market pretty much absorbs

most of what the expectations are in terms of the jobs numbers. i don't see that as a major dislocating factor, hit or miss as long as it's reasonably close with the consensus is. cheryl: i agree were looking for 750,000 non-foreign payrolls, will see if we get it. teddy weisberg, scott bauer, thank you. good to see you both. new covid warnings on both sides of the pond threatening your labor day plans, we will ask one of the mayo clinic's top experts what he thinks about the travel recommendations. take a look at the big door the dow is in negative territory down 38 but the s&p in the nasdaq on track for new records again "the claman countdown" coming right back. ♪ we finally found the perfect house. yeah, we couldn't believe the deal we got. just lucky i guess.

(sfx: airplane flying overhead) we're a little closer to the airport than we thought... (sfx: airplane grounded outside the house) at least geico makes bundling our home and car insurance easy. saving us so much money. -hi. -how was your flight? -good. -good. morning, ted. for bundling made easy, go to geico.com.

we did it again. verizon has been named america's most reliable network by rootmetrics. and our customers rated us #1 for network quality in america according to j.d. power. number one in reliability, 16 times in a row. most awarded for network quality, 27 times in a row. proving once again that nobody builds networks like verizon. that's why we're building 5g right, that's why there's only one best network. that building you're trying to buy, you should ten-x it. ten-x is the world's largest online commercial real estate exchange. and it's fast.

if i could, i'd ten-x everything. like our lunch. (laughs) amazing! see it. want it. ten-x it. and there you have it— -woah. wireless on the most reliable network nationwide. wow! -big deal! ...we get unlimited for just $30 bucks. sweet, but mine has 5g included. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. switch to xfinity mobile and save hundreds on your wireless bill. plus, save up to $400 when you purchase

a new samsung phone or upgrade your existing phone. learn more at your local xfinity store today. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. cheryl: the european union telling u.s. tourist day home that you recommended this members band u.s. travelers and tourists from entering as covid-19 cases bike around the

globe, europe reopened its doors to american travelers and may, obviously he needed the income boost from the tourism industry but head out to ashley webster and include germany. that you make the recommendation but not all countries have to comply. >> such as the european union, you're absolutely right, there are 27 countries within the block and it is a recommendation that each of the 27 countries can make up their own mind how they want to proceed which makes it a nightmare for travelers who were going to different countries within europe is not actually a total ban and bottom line when american tears come to europe right now they're going to have to have proof of your full vaccination in the full vaccination card showing two shots and take a covid test within 72 hours of coming into germany. if you're unvaccinated and you want to come to europe it's going to be a long and hard hold plus she'll phase quarantine if

they already require a five-day quarantines for those that are not vaccinated and they will be tested regularly and i wouldn't tell you the number of people come to europe has significantly dropped 36 million in 2019 down to 6.6 million last year and already down 80% this year, is already been a tough road to follow and then we have the airlines, the u.s. carriers rely heavily on the transatlantic flights for a nice steady revenue stream that has dirty been interrupted and now we have the latest declaration from the eu and make it very difficult indeed. what's interesting you mention europe open up to americans and we thought we could get out of a covid restriction and get traveling again, when that was announced a number of searches jumped 47%, guess what now they're falling again and we no bookings domestically for the

airline are dropping in the united states and now with the eu taking a second look at america and the surge of the delta variant of covid, it is not good news. it's interesting i could talk firsthand having been around parts of southwest germany were here in frankfurt this is a mid-evil square has businesses and we have not heard one american voice. , not one which is very unusual. people traveling say we can see and hear americans everywhere touring throughout the continent, we have not seen one which speaks to what's going on right now. cheryl: europe, hawaii, parts of asia, going to australia, i know you know that very well. ashley webster live in germany. let's get right to the director of mayo clinic vaccine research clinic doctor gregory poland, it's great to have you here we have a lot of news to get to.

i want to look ashley's reporting as with a potentially lockdowns in europe but at least locking out u.s. tourist, is this the right decision? >> of course it is especially if you are not vaccinated why would any country want to bring more of an influx of people who can spread the disease and decimate their economy and because healthcare surge demand that we have seen. >> the cdc is not asking unvaccinated travelers or unvaccinated americans not to travel over labor day weekend. travel to the have to be by plane it could be by plane or by car but at this point the pandemic you think americans are going to listen? >> that's the big part and the unknown what has distorted control of this entire pandemic has been human behavior and mostly irrational human behavior. cheryl: i was looking at a couple of pieces of news and i

was seeing the fact that the cdc just crossed 1.08 million people have received additional covid vaccine dose since august 13 that is the booster shot. how quickly can the country ramp up these booster shots that are now needed for americans. >> we don't yet know that they are needed outside of people who are immunocompromised there is a lot of movement that way in controversy around that were waiting to hear from fda and the cdc advisory committee, when you got 40% or better of the country that is unvaccinated, that ought to really be our primary focus at this point. cheryl: many agree with you on that. but there's another piece of news that just crossed pfizer and merck are going to launch new trials of an oral covid-19 drug they did experiment oral

drug something that is easy to administer being oral drug for those who are infected with covid-19. do you know anything about this and what is your initial reaction. >> i don't know about pfizer in particular but i do know about merck's these are good ideas, we need a whole therapeutic in fighting this battle it starts with vaccines and masks and when people reject those and get infected anyway then we need other modalities. ironically while they reject the science of vaccines and masks they of course want the science of antiviral and monoclonal antibodies when they get sick. cheryl: the more treatments, the better for those that do get infected. i do want to ask you about this, from fda chief, he said that he believed there is going to be an emergency use authorization approved by the fda by late fall or winter for children to get

vaccinated between the ages of five and 11. what do you say to that. >> i think scott is right scott is a colleague of mine and i know him and i think he's dead on with that and all the movements is toward that and we are hoping indeed that we see this before the end of the year and maybe even earlier. cheryl: as back-to-school starts, now i think a lot of parents are agreed with that and some disagree. doctor gregory poland, thank you. >> my pleasure, cheryl. cheryl: speaking of covid, the change in the game for the entire healthcare industry, but so is tech titan apple. the new features that could be coming to the apple watch that will help manage your physical health. how apple is moving one step closer to eliminating your wallet, not their wallet, your wallet. here's a look at how crypto's are moving at this moment, gary gansler gave an interview talking about crypto.

bitcoin up 50% any theory of 9.5% and the light coin again obama 6%. ♪ ♪ ♪ ♪ ♪ ♪ monitor, check and lock down you money with security from chase. control feels good. chase. make more of what's yours. that's a nice truck. yeah, it's the chevy silverado. check out this multi-flex tailgate.

multi-flex, huh? wow. it becomes a step. mom, dad's flexing again. that's not all. you can extend the bed for longer stuff. is he still... still flexing. that's right! and, it becomes a workspace... you can put your laptop here. i'm sending an imaginay email. hey dad, dinner! hey! look who stopped by daddy's office. wait, you work here? the chevy silverado with the available multi-flex tailgate. find new flexibility. find new roads. chevrolet.

(vo) this is more than glass and steel... find new flexibility. finand stone.s. it's awe. beauty. the measure of progress. it's where people meet people. where cultures and bonds are made between us. where we create things together. open each other's minds. raise each other's ambitions. and do together, what we can't do apart. this is space for dreams. loopnet. the most popular place to find a space.

i think there . . . cheryl: fox business alert apple hitting a new record high that is today's first pop stock the wall street journal reporting apple is working on new features for the apple watch including blood pressure readings, temperature checks for fertility planning and enhanced sleep tracking and heartbeat monitoring. the new features not expected until the earliest next year but an all-time high of 15498, meanwhile apple announcing a major milestone in its efforts to digitize your wallet, arizona and georgia the first two states to adopt digital drivers license and state ids and there is

apple, $1.17, this gives apple wallet users the ability to show the ids of participating airports with their iphones or watches in connecticut, iowa, kentucky, maryland, you talked to join the ride next. apple $153 but it hit $154.98 that was this morning and that's an all-time high for apple. fashion giant pbh on track for high close since may of 2019 after raising guidance on blowout quarterly results pvh jumping more than 14% designer label rivals ralph lauren, polo and capri appointed a quarter percent. there is skills getting thrown into the arena and 11% yesterday and another 5.5% field by the

reddit gravels mentions of skills on the wall street's forum rising more than 4000% in the past 24 hours we watch the rebels because what they talk about usually moves in the markets. the chatter surpassing that of the original reddit gamestop and amc with your host down after big moves yesterday gamestop is down two and a quarter percent and amc down more than 6% amc every see much of the move to the upside yesterday as you can see that stock is $44.20. tesla moving in slow motion after receiving 11 page letter from the safety administration as part of an ongoing probe in the tesla's autopilot feature and a string of crashes involving first responder vehicles, the near times is reporting tesla has until october 22 to turn over the data

we will keep the look on eve unless, the stock is out over a quarter percent. hurricane ida ravaging louisiana we will head straight to the value 50 what businesses are doing to clean up the race to restore power with a million customers it is just the beginning, the closing bell will be vacated 32 minutes from now the data 20-point, that the people get out of record close sitting on that line and the nasdaq on record close. we'll be right back. ♪ time. it's relentless.

we do everything but control it. and when it's running out. we relentlessly try to protect it. because "all the time in the world" it's just a saying. today, for women living with hr+, her2- metastatic breast cancer, more time is possible with verzenio. proven to help you live significantly longer when taken with fulvestrant. verzenio + fulvestrant is for hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an antidiarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising.

blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are nursing, pregnant, or plan to be. if you have hr+, her2- metastatic breast cancer. more time is possible. ask your doctor about verzenio. usaa is made for the safe pilots. for mac. who can come to a stop with barely a bobble. lucia. who announces her intentions even if no one's there. and sgt moore. who leaves room for her room. with usaa safepilot, when you drive safe... ...you can save up to 30% on your auto insurance. get a quote and start saving. usaa. what you're made of, we're made for.

cheryl: just a few moments ago the white house press secretary jen psaki confirming president biden will be traveling to louisiana on friday to see the aftermath of hurricane ida as residents are still assessing the destruction of the ground damage is estimated up to be $80 billion in losses could be as high as 20 billion.

let's go to lafitte louisiana where grady trimble is live with all the latest. how are folks doing down there? >> it's been tough this is some of what the president will see when he comes to louisiana on friday and believe it or not this is quite an improvement from the peak flooding that they saw, this is unbelievably high in some parts of the neighborhood are impactful in a high water vehicle or a vote. we have shown you a lot of flooding from the outside but one of the homeowners was kind enough even though they're going through so much to let us inside to show you exactly what they're dealing with. it is a mess, obviously the power is still out and it's extremely damp inside and the floor is coated with this thick layer of mud, fortunately they tell us they do have insurance you mentioned $20 billion worth of insurance claims after the

storm that number could go up as people get to the harder to reach areas and are truly able to assess the damage i spoke with another gentleman who also tells me he's insured but he hasn't been able to get in touch with his insurance company because they also do not have power right now. >> i lost my roof and my house is probably destroyed its unlivable for the moment and waiting for insurance and 4 feet of water into my garage but the water is puppet on now slowly but surely. >> you said you fared well that doesn't seem very good to me. >> i'm alive and i got jesus that's good to me. >> 900,000 people in louisiana, homes and businesses still without power today we've seen power crews as even as far back as the flooded areas tried to get through and trying to see how bad the damages so they can start working on repairs. the national guard is in lafitte with earth moving vehicles

trying to move the muck off the main road that will help the crews get farther into town to take a look at the damage. but you heard from that gentleman he said he fared well and he lost everything because the wind ripped off the roof of his home unit poured inside all night there are resilient people here and they promised me they will rebuild. cheryl: this was a wind event, unlike katrina which is a water event, thank god the levees held throughout new orleans and the storm on sunday. thank you for the live report we really appreciate it. we want to show our viewers a picture of the galleria in louisiana this is the second tallest building in jefferson parish you can see the glass windows blown out by hurricane ida this was a wind event. the state is struggling to get back on its feet in jefferson ass and the coulter area where item made landfall on sunday.

this is to the west of new orleans. one of the largest paris agent in louisiana to grand isle, 65% of its businesses in less than ten employees, the effects can be damaging as well and jefferson chamber of commerce todd murphy joined me now. before we get to jefferson i want to ask about grand isle. 100% uninhabitable, everything destroyed, is that true? >> absolutely grand isle is one of the great resources for fishing and oil and gas, unfortunately most is not protected by the levee system so that area was under a mandatory evacuation and we knew this was going to be a storm that we had never seen before when the winds came ashore 150 - 170 miles an hour nothing convincing them very, very unfortunate and again, the area supplied so much

oil and gas to the rest of the country it's gonna take a long time to get aback, no question. cheryl: i want to ask you about that were getting a lot of reports of fuel shortages throughout louisiana in particular in new orleans i want to ask about that are there long lines at the gas station do you have gas stations that are operational right now? >> very few stations are open and they're starting to open today and what you see in jefferson parish and throughout southeast louisiana we don't have any power and we don't expect the power to be up for weeks and we don't have running water in the national guard has come in with tanks for fire stations in emergency situations but were probably another three or four days out on water, just a situation where we need to rebuild and be patient it is very difficult to go through but so many of us like myself as a lifetime resident we've seen

this before and will come back stronger than ever. cheryl: maybe you can say you're used to it but i don't think anybody gets used to this and i'm imagine those businesses, i want to ask you about that one of those things that we see every time after major storm like this is alluding are there any reports of looting in jefferson and what do you hear from business owners so far how bad is the destruction for them? >> i will tell you it is been a rough year end a half in general with the pandemic and just as businesses are really starting to get open and fully open here comes a hurricane like we've never seen before, i think in this circumstance and in regards to looting we have a very strong police force in jefferson parish we have five different municipalities within jefferson parish each the has their own police force, we are very strong in the criminal element knows jefferson parish is a no-nonsense place to work. it is not going to be tolerated,

we know right now we have a curfew place at nighttime and there's very few people living there right now because when you don't have water and power it is not comfortable and it's not safe. most of us have evacuated and at some point will go back with elected officials say it's safe to do so. cheryl: what you hear about power restoration mc reports it could be six weeks and jefferson parish, what do you know. >> i think depending on where you are in jefferson parish, it could be that long our electric provider is in louisiana and these guys have done a stellar job and will continue i think it's a 3 - 6 window on where you live, one of the key things is that i want to say that is different from the storm from katrina if you look at our electrical companies in all of our utility companies, or levels of government from the federal government to the local government we are light years ahead of where we were 16 years

ago we know better how to respond and prepare, we know better how to put systems and processes in place and we can be resilient and bounce back faster with a devastating storm i don't want to take anything away from that we never seen windstorms like this. fortunately most of the area did not sustain the flooding that we saw in areas like lafitte and grand isle, those areas under the flood protection system behind the levees we did not see that flooding it was a windy day it will take us time to rebuild but when it's a wind e-mail and not a flood event we don't have water sitting on our homes for three weeks. the majority of the parish in the region will be able to open get our schools open and get our people back hopefully sooner than later. cheryl: before you go i have to ask about schools. the storm hit as back-to-school was beginning has there been a lot of damage to the schools there? >> absolutely but again it is

wind damage. i think schools when it's safe and we have power and water you'll see a lot of roofs in makeshift repairs until we can get to them but at least schools don't have 6 - 8 feet of water like we saw in katrina will be able to bring our folks back in the reality nobody comes back when schools are open and were very fortunate of jefferson parish we are the largest school system in the state and the top 100 in terms of size in the country and we have a plan in place to get the schools reopen and get back to her parish which is the largest parish in the new orleans region. that piece is really critical. cheryl: you have the fighting spirit and i'm so encouraged i hope the folks get back on their feet soon. todd murphy, thank you. >> thank you, we i appreciate it cheryl. cheryl: we call it the great resignation private companies adding less jobs than expected in july despite help-wanted signs across the nation.

coming up the ceo and what needs to get done to get people to come back to work and as we go to break let's take a look at the big board we are down 50 points were watching the s&p and the nasdaq right now in the s&p at this point not going to have another record in the nasdaq will, we think. "the claman countdown" we'll be right back. ♪ build ♪ ♪ and one we explore one that's been paved and one that's forever wild but freedom means you don't have to choose just one adventure ♪ ♪ you get both. introducing the all-new 3-row jeep grand cherokee l jeep. there's only one. as someone who resembles someone else... i appreciate that liberty mutualnd cherokee l knows everyone's unique. that's why they customize your car insurance, so you only pay for what you need.

[ nautical horn blows ] i mean just because you look like someone else doesn't mean you eat off the floor, or yell at the vacuum, or need flea medication. oh, yeah. that's the spot. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ go on... put yourselves through all that pain. don't be silly ... nothing's tougher on pain than advil. nothing. pain says you can't, advil says you can. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty.

and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it.

it's time for the biggest sale of the year, on the new sleep number 360 smart bed. it helps keep you effortlessly comfortable by sensing your movements and automatically responding to both of you. and, it's temperature balancing to help you stay comfortable all night. it even tracks your circadian rhythm, so you know when you're at your best. in other words, it's the most energy-building, wellness-boosting, parent-powering, proven quality night's sleep we've ever made. save 50% on the new sleep number 360 limited edition smart bed. plus, 0% interest for 36 months and free premium delivery. ends labor day.

(announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) and you're stretching your lower back on there. there is no better feeling. (announcer) do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me. it works, 100%. (announcer) find out more at aerotrainer.com. that's aerotrainer.com. cheryl: big businesses hanging the help wanted sign ahead of him is on september 15 career day event amazon ceo telling reuters the e-commerce and cloud giant plans to hire 55000 people

in the coming months from corporate and technology focused roles as well as hourly and operations network take a look at amazon the stock is higher by more than a quarter of 8% retail rival walmart putting out the welcome mat for 20000 new workers for supply chain related jobs that break through the post pandemic bottlenecks being seen by many companies across the world and of course they want to keep pace with amazon ahead of the holiday season also dollar general is going to be going big on hiring the discount say it please to hire more employees across stores this distribution centers, private fleet and customer support centers they will be on top of the 50000 employees the retailer has already hired since mid july. while worker shortages and shrink play should have been phenomenon brought about by the pandemic the newest analyst have coin when i first talked about this a month ago on fox business, the great resignation according to the rush of employees leaving their current jobs and flocking to higher

wages and freelance positions in open industries the force of nature reflected in today's disappointing adp jobs report which show private payroll done by only 374,000 in august that was a big mess by the way we were looking for 600,000 this morning. it's a great resignation, this is the question is a temporary or here to stay what is the trend let's bring in hayden brown, it's great to have you here here's what my sources tell me a month ago i said i'm hearing from a lot of my sources in corporate america that they're expecting a great resignation and people are going to quit because they have been staying in a job that they didn't like but they did it because of the pandemic or the company says come back to the office they will not want to go solo look for another job that lets them stay at home, is that assessment correct on what you're seeing out there? >> i think that assessment is

correct but it also misses the broader point that the great resignation is a permanent phenomenon which is even before the pandemic we were seen employee tenure shortening and people moving in and out of positions of higher velocity and company struggling to attract the talent that they needed to get work done and i think we are now in a new phase where it is the new normal that companies are looking for talent in the talent is more fierce than ever in the traditional channels that companies have been looking to for full-time employment hiring, staffing firms, these channels are not working for companies any longer so were in a new era where employees lifecycles will be shorter and shorter and employees are voting with their feet and research that we did showed 29 americans are not just thinking about moving from job to job at freelance because they are looking for new options where they have autonomy, control, a better ability to

draw boundaries around how and where in from whom their working were in a new era of work which is very different from where we were in 2019 and before. cheryl: your 229,000 active clients, 240% the stock did one of the biggest mid-cap performance in 2020 i'm curious from a client perspective of what you're hearing from your clients going freelance means not getting benefits most of the time you will not get health insurance and 401k, to a lot of employees in america this is an important component of a job, how do they balance? >> i think the interesting thing what freelancer's or leave them behind when they leave a full-time job actually pales and could pearson to what they're gaining when we talk to those who have entered this economy there feeling more secure and they felt more secure laster as they went to the economic downturn because they weren't at the single-employer who laid

them off or might go out of business they actually had a roster of 45 steady clients and felt like this set them up for a better situation in higher earning opportunities than what they had as an employee, 60% of people who entered the freelance workforce last year said there is no amount of money that they could be paid to go back into a traditional four-time job. what we seen is a massive shift were in the past people were entering the workforce out of necessity and today people are doing so out of choice. >> let me ask you this, are your employees back in the office? >> our company is three quarters of our workforce that is freelancers in a quarter our employees and we have opened our chicago office and now we put that on a pause because the delta variant so we are really a remote first organization where we know the great work that can happen from anywhere with her team members distributed in 80 countries around the world.

were not focusing on reopening in the office, were focused on enabling our team members to do great work from whatever that is happening. i think that has been one of the great lessons for so many companies going through the pandemic and doing remote work for the first time in many of those companies that remote work can be a powerful tool for them and their team. cheryl: depending on the company and the ceo. hayden brown, thank you, great to have you here. coming up next we have the countdown closers the bulls will continue to run for the next month we have pics to deliver at 10% per take a look at the dow down 60 points as you can see the s&p trying to hang in there, and the nasdaq. we'll be right back. ♪

♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business . .

♪. cheryl: closing bell ringing in a little under four minutes. look at s&p, we just went into negative territory into the

commercial break. looking to the 54th all-time high for the year. we're not going to get it. it did turn negative a few moments ago. we need to 6.11 points higher to get that record. we shall see. nasdaq we're set as you can see for the 30th record close for the nasdaq. we're up by 44 points. dow jones industrials down 66. now with the delta variant fears rising since we head for the fall, our "countdown" closer says fear not he has a biotech etf. dan howard, the biotech has been a hot sector during the pandemic. with will take it higher moving forward? >> i think a lot of sectors are higher, cheryl. we're broadening out on the bull marquette we're in. any pullbacks should be bought. i think they will be shallow and

short-lived. biotech hit a 52-week high a while back. it had a little bit of a pullback. it is setting up nicely for the year-end rally. play it to the long side. there is great opportunity there. cheryl: i look at what the top holds are for in the etfs. can you give me a couple names? >> biogen, amgen, the usual characters in there. i think you're a better off as an individual investor buying an etf. you broaden out the scope. instead of picking the best needles in a stack of needles. buy the whole basket. you are better off trading that way. cheryl: i'm an etf index gal. i have been there for years. i'm right with you. jets this is global airlines, major carriers. i think it is interesting time to get into the airline group in particular because we really don't know where the delta variant is going to go. you say this is a good entry point though? >> it is an interesting trade. think about this. watch how the airline industry, jets, which is the etf of all

the large aircraft carriers. every time covid bows up it goes down. we think if we get a little control of the delta variants, maybe backs off, we think the airline industry could project itself up to the 29, 30, 31 range. it is trading 23 range. very interesting what we think could happen with the airline industry. cheryl: you like soxx. this is semiconductors. explain that to me. >> it has not been a very pretty trade. we've been buying into every dip the past four or five months as it marched higher. it is doing one thing we like to see buying an investment it is moving higher. not a pretty trade but we think towards year-end, last couple of quarters it is catchup trade. it is not trading as high as some of the other etfs as qqq, liw which is technology. we think it's a catchup trade that will be pretty productive

next couple years. cheryl: you like tech. >> we always like tech. world can't live with out it. cheryl: no, it has been great. a strong trade. vans howard thank you. [closing bell rings] s&p, we'll see if they can pull it out. that is it for "the claman countdown." "kudlow" coming up next. ♪. larry: hello, everyone, welcome to a special edition of "kudlow." it is labor in america. i'm larry kudlow. good to be with you. labor day is here. so this show is about labor in america. our beloved workforce. especially the middle income, blue-collar folks who literally have made this country great. they make our businesses work. they produce our goods and services, they're also the brave military people who defend our nation and our freedom in all parts of the world. american workers built this