jack: up 60% at abercrombie, 70% children's place but a lot of the tailwinds you mentioned the stimulusthey are somewhat transitory. how long will it last? >> i think we have a world that is supercharged changing in the consumer space and companies need to be innovative and need to have seamless initiative to execute and they need to use their data. how long this will last, as long as they come out with innovative products that they are giving the consumer the reason why and giving them a way around. we will see solid results i think through the rest of the year with the surprise potentially being better sales than we expect. i think now it will be retailers getting the inventory given the issues with court suggestion out there and i think because we go to next year hybrid work models are in place and the gatherings that people are still going to want to do, i think we will be able to have these engagements and activities that are frankly, going to continue to elevate spending as we go into 2022. people value value over convenience. jack: you're talking about going to the office but not

dick's sporting goods, amazon and abercrombie are all spiking. amazon buying mgm studios for nearly $8.5 billion. it's the dow's 125th birthday and we've got 59 minutes left to go in the session with the dow down 16 points >> and an action packed final hour of trade, it will be on this show. senator elizabeth warren will join us to talk about today's big banks and a heated moment she had with jpmorgan's jamie dimon. plus, danny meyer will be with us for the latest installment in our summer unmasked series we'll talk about the comeback for restaurants and the broader business community in new york >>> but we begin with breaking news this hour on exxon. activist fimp engine one has object stained at least two board seats following a vote at exxon shareholder meeting. news of the day, joining us now is david faber along with exxon's ceo, darren woods. >> thank you, sara we're very happy to be joined by darren woods darren, let me just begin by saying, listen, even a few weeks ago, many of us would not have anticipated this outcome do you view it as

jack: i know next week you're going to be looking at abercrombie e and fitch as well as nordstrom, we'lling about that a week from now. >>> coming up, the fed being realistic about the threat of realistic about the threat of they said it couldn't be done but you managed to pack a record 1.1 trillion transistors into this chip whoo! yeah! oh, hi i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be circuit design engineer to help push progress forward can i hold the chip? become an agent of innovation with invesco qqq ♪ when i was young ♪ no-no-no-no-no please please no. ♪ i never needed anyone. ♪ front desk. yes, hello... i'm so... please hold. ♪ those days are done. ♪ i got you. ♪ all by yourself. ♪ go with us and find millions of flexible options. all in our app. expedia. it matters who you travel with. are your hr processes weighing down your employees? on to quarterly projections! expedia. expense report! if you're using multiple systems, re-entering data over and over time sheet! using email and spreadsheets to manage informa

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jack: i know next week you're going to be looking at abercrombie e and fitch as well as nordstrom, we'lling about that a week from now. >>> coming up, the fed being realistic about the threat of realistic about the threat of they said it couldn't be done but you managed to pack a record 1.1 trillion transistors into this chip whoo! yeah! oh, hi i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be circuit design engineer to help push progress forward can i hold the chip? become an agent of innovation with invesco qqq so it's another day. can i hold the chip? yeah- that's what most people think. but in business it's never just another day. every day is the day. there's the day your store has its biggest sale. the day you have a make or break presentation. and the day your team operates from across the country. but there's also the day you never see coming- the day when nothing goes right. see- that's the thing. you never know what the day might bring. so whether you do business on wall street or main street you have to be ready. wi

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jack: i know next week you're going to be looking at abercrombie e and fitch as well as nordstrom, we'lling about that a week from now. >>> coming up, the fed being realistic about the threat of realistic about the threat of they said it couldn't be done but you managed to pack a record 1.1 trillion transistors into this chip whoo! yeah! oh, hi i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be circuit design engineer to help push progress forward can i hold the chip? become an agent of innovation with invesco qqq i order my groceries online now. shingles doesn't care. i keep my social distance. shingles doesn't care. i stay within my family bubble. shingles doesn't care. because if you've had chicken pox, you're already carrying the virus that causes shingles. in fact, about 1 in 3 people will develop shingles, and the risk only increases as you age. so what can protect you against shingles? shingrix protects. now you can protect yourself from shingles with a vaccine proven to be over 90% effective. shingrix is a vaccine used

team retailers knock it out of the park, abercrombie and fitch after 67% share profit after a 38-cent quarter. surging online sales, batting in the wind, shares of 6.9%. let's look at urban outfitters while the audit making a game-winning play, catching fire right now nine -- these numbers are big, 51% surge in same-store sales by increased u.s. vaccination rates which sparked the beat on revenue and earnings estimates for the fourth quarter, luxury names getting in on this market action, capri holding this is the one that has a roster jimmy two, michael course, versace blasting packs unsurpassed expectation after block first quarter results, shares of 2% for capri. but nordstrom, into the return pile, shares slumping 6% more than 10% of session lows than a wider expected loss in the first quarter, the chain blaming price cuts on holiday inventory for the myths. let's end on a happier note, building spirits for homebuilders into the close shares of 3.7% after the top and bottom lines came in on beats fueled by high demand limited supply and low mortgage lights not as low as they have

abercrombie & fitch making a lot of money. stuart: bottom line we're spending like crazy.ack to shops which you heard that from urban outfitters. stuart: two trillion dollars in checking accounts to be spent just like that. thanks, susan. here is what we have coming up. you won't believe this. going broke to get woke. one major university offering a degree in social justice. we have the story. how do you protect your crypto investments? one of our guests coming up shortly, he runs ledger which sells hardware which he claims will keep your digital assets secure. i don't understand this but he is here to explain after this. ♪. ♪ ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa usaa. what you're made of, we're made for. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut

dom, appreciate it abercrombie & fitch.eran chris flowers. the banker of all bankers. today at 1:30 p.m. eastern time, evolve we'll talk with eamon javers the current threats facing corporations and the country you can register right now at cnbc events.com/evolve cyber 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. (vo) this is more than just a building. it's an ai-powered investment firm with billion-dollar views. a cutting-edge data-security enterprise. yes, with a slide. a perfect location for the world's first one-hour delivery. an inspiration for the next workout cult. and enough space for a pecan-based nutrition bar empire. it could happen. this is where dreams become brick and mortar. find yours, on loopnet. >>> update on cnbc's first ever nft. a token commemorating mark haines call. a

an abercrombie up 80% gap 16.5% over the last month.uding those mom jeans and looser fits, leggings and sweat pants are being put aside with americans leaving the house again. contour brands, the owner of lee, wrangler, that's up 32% this month carl, back over to you >> wow what a story for that sector thanks so much >>> coming up on tech check, we'll talk about the selling on the nasdaq today on the nasdaq 100 right now, 100 components the number that are green, five. gtore aas at the laggards w weo bak ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ oh when june-- hit that guy! yes! wait i don't remember that! it's in season 4 - don't tell me you haven't seen it! i watched season 3. you won't stay caught up for long unless you keep watching the best shows from hulu, peacock, starz, showtime, and hbo max, all year long. just say "watchathon" into your voice remote to add a channel or streaming service and stay caught up. >>> welcome back to "squawk on the street." i'm dominic chu. stocks in selling mode with nearly every sector in the s&p 500 in nega

that's an extraordinary feat abercrombie made the numbers this is an incredibility, incredible time.nf. >> urban comp's up 52. and jpmorgan goes up to neutral today, jim and a price target of 38 matthew boss had, you know, had pov questions on the call, i'm going to make a prediction, i think other than dick's, i think gap is going to have -- urban, with a great quarter and i think gap stores will blow it away i really do. >> you've been saying that for a while. >> because i think it's going to be true. >> you've been right. >> i love it >> when he says i've been right -- >> i like to point that out. >> i get so excited. >> your critics certainly love to point out when you've been wrong. >> i said sell gamestop at 400 and i ripped out that darn cart catheter, i thought it was a good call. the catheter hurt like hell. it was one of those farley catheters. like jim farley. >> everything comes back to ford for you. >> ford, yes. >> i was singing your praises because you've been on that stock for quite a while. >> what do you want from me that you're so nice to me today >> nothing, don't