injog me, deirdre bosa, rahel solomon and bob pisani google is aiming to create a space where consumersixel phones fit bits and so forth. you can get help with software products like chrome or gmail. still this company gets 80% of its revenue from online ads. dei deirdre, what is this really about? >> experimentation this is just the latest big tech company to experiment with brick and mortar this is one store. the company can't even say if more are under way 80% of revenue is advertising. it is moving deeper into the hardware space we have seen a similar move by amazon, pop-ups and experimenting with retail stores that's my read it is an experiment. it is across the street from an apple store in chelsea we will see who gets more foot traffic. >> rahel >> it is experiential, but also we are seeing retailers diving into helping consumers experience their products. we saw it with lulu opening the massive store in chicago i believe it was i think it is interesting, it is a way, really for consumers, even though google doesn't make a ton of money off of hardware it is a way for consumers to

a news update with rahel solomon. >> good morning. here's what's happening at this hour the u.s.now adding 559,000 jobs in may, that's more than twice the number in april, but below forecasts. the unemployment rate falling to 5.8% president biden says that more needs to be done to grow the economy but the u.s. is on a strong course. >> no other major economy in the world is growing as fast as ours no other major economy is gaining jobs as quickly as ours. it's due in no small part, first of all, to the cooperation of the american people in responding to my effort to get covid under control, wearing masks initially and getting vaccinated and no small part to the bold action we took by passing the american rescue plan >> the fda says that region ron's covid treatment can be given by injection instead of infugs, the antibody drug has been found to reduce hospitalizations and deaths among covid patients with mild to moderate symptoms. >>> if you know someone who has trouble taking their eyes off their phones, who among us doesn't, you may want to tell them about a south korean indust

♪ ♪ >>> welcome back i'm rahel solomon. here is your cnbc news update at this hour.at the white house are going back to the office full-time starting next month. a new memo says that the transition from remote work will happen sometime between july 6th and 23rd >>> pope francis rewriting the catholic church's law books to try to improve how it deals with sex abuse by priests the new changes explicitly criminalal abuse by adults of clergy men >>> tonight on the new, why the changes have been more than a decade in the making and how the new laws are received by catholics around the world >>> in russia, crackdown on opposition leaders, police there arresting an activist at his apartment hours after he was pulled off a plane headed for poland the move is widely seen as the latest challenges to the ruling party and upcoming parliamentary elections. >>> the world health organization has given emergency use approval to the covid vaccine made by china's sinovac. it is the country's second vaccination to get such authorization. you're up to date. scott, back to you >> thank y

i'm rahel solomon. here is our cnbc news update at this hour. >>> the biden administration is announcing plans to share excess u.s. covid vaccines with other countries starting with 25 million doses. most will go to the u.n.-backed vaccine program. 80 million doses will be sent overseas by the end of the month. tonight on the news at 7:00 p.m. eastern, which countries will get the vaccine. >>> biden will make his first overseas trip next week. biden and the first lady are set to meet queen elizabeth. >>> russia's national wealth fund selling the last of the dollar assets. the $186 billion fund has been cutting dollar holdings since russia was sanctioned by western countries for annexing crimea in 2014 >>> the supreme court limiting the use of an anti-hacking law to charge people with computer crimes the justices ruling that the computer fraud and abuse act could not be used to prosecute a georgia police officer for using a database at work for personal purposes >>> you're now up to date. scott, back to

. >>> welcome back i'm rahel solomon and here is our cnbc news update at this hour >>> the number ofns getting hospitalized with covid rose this spring. the cdc says that the rate peaked in january, bottomed out in march and then surged in april. about a third of those hospitalized were admitted to the icu although no deaths were reported >>> a woman shot in the head during a mass shooting near miami has died the 32 year old is the third victim to die after being shot outside a banquet hall on sunday no arrests in the case >>> a report soon to be released has found no evidence that aliens were responsible for more than 120 unexplained sightings by navy personnel. that's according to "the new york times". the findings leave open the possibility that the flying objects were created by other countries like china or russia ufo's still out there and defying explanation. a look at what we know about the latest sightings tonight on the news >>> an earth-bound swarm of insects providing feasts at a maryland zoo other animals found the swarms annoying including chimps and elephants. you are u

i'm rahel solomon. here is our cnbc news update at this hour. >>> new york governor cuomo is expected to announce soon state officials are dropping all covid restrictions he said the easing would happen once 70% of new yorkers got at least one dose of the covid vaccine. california is doing the full reopening today. you can see what has changed in san francisco and hear from governor newsom tonight on ""the news with shepard smith. mackenzie scott is donating $2.7 mil billion to address racial inequality the former wife of jeff bezos giving the money to 300 organizations. newly released e-mails show how president trump and his allies pressured the justice department to investigate unsubstantiated claims of voter fraud in the 2020 election. the e-mails were released by the house oversight committee. >>> and if spiders aren't exactly your think you might want to look away from the camera because in australia they are swarming by the thousands as they seek higher ground. that's after recent flooding, hundre

j&j is down about 2% over to rahel solomon for our covid update >> let's begin in peru, where a reviewd the official death toll almost tripled to 180,000. more deaths per capita officials say the previous count was too low due to lack of testing. today in the uk the death coun of zero. officials do note that a long three-day weekend might have slowed reporting. >>> tokyo, department stories, mea -- museums and theaters reopening, but not at full capacity restrictions on some businesses have been eased, though a state of emergency has been extended >>> the first foreign team arriving for the oils next month. 29 australian softball players start practice next saturday after quarantining in their hotel, they get covid tests every day. hopefully it's one of the lower nasal swabs, but a full test every day, that's brutal >> rahel, thank you. >>> 100 after the race massacre that claimed countless lives, companies are donating more than a billion to help create and support black businesses around the country. frank hole liened is in tulsa >> reporter: as you mentioned, company are trying to p

and you singing in the park ♪ ♪ me and you, we're waiting for the dark ♪ >>> welcome back i'm rahel solomonato leaders are declaring that china poses a security challenge to the alliance, and that china is working to undermine the global order china is also being called out for the fast development of nuclear missiles >>> cnbc reporter eamon javers will wrap it all up tonight on "the news with shepard smith." >>> there was a continued uproar from data seizures from lawmakers and journalists. john zimmer is expected to leave his position earlier this week. >>> enbridge energy, critics have opposed the -- back to you, scott. >>> the investment committee is making news today. tiffany is buying more target. why so >> i did we just got a new client, so target is a staple for us. it's consistent and same we own it to balance out some of the mortgage volatile that we owns >> dr. j, you still have some exposure >> yes, i do still love target, and i think that virtually everything they're doing plays right into the strength of the reopening trade, going back into those stores rather than their omnic

. ♪ more than this ♪ >>> welcome back i'm rahel solomon. here's the covid update.ajor milestone for the global fight against covid-19 today the number of vaccine doses worldwide administered crossed 2 billion. but the distribution is uneven ten countries account for 75% of the doses. >>> the united states administered close to 300 million doses and there's already been a dramatic drop in cases back to levels we haven't seen since last march of last year as the pandemic was picking up steam and that's helped clear the white house to share vaccines with the rest of the world. today it says that 75% of the first 25 million doses will go to the covax partnership getting vaccines to less wealthy nations and the administration officials stress there's no strings attached. >> we are not seeking to extract concessions, not extorting or imposing conditions the way that other countries who are providing doses are doing. we are doing none of those things but given, donated free and clear to the countries for the sole purpose of improving the public health situation and helpin

kick pain in the aspercreme >>> welcome back i'm rahel solomon. here is your cnbc news update.eatened to arrest anyone citizen who refuses to get vaccinated. he added he would order village leaders to compile a list of defiant residents. at&t's call for tech system is automatic for wireless systems at&t says evidence, if gathered, resulted in at least seven federal enforcement acts again phone cammers last year. >>> a florida woman got quite a surprise when he tried to withdraw $20 from an atme she was shocked to see $999,985,855.94 in her account she was unable to achieve her $20. she did read out to chase about the mistake, but she says she's afraid to take out the money, because one, she might have to repay it, but she wouldn't do it anyway. >> i would say just not even reach out, you sit there quiet think. >> the cat is out of the bag right now. >> she's told rahel. >> as soon as i heard woman in florida going to a bank, i thought it would be about an alligator. the dow is drifting higher, just about a tenth of a percent the nasdaq is up about half a person some power mover

of the nasdaq 100 like you become an agent of innovation with invesco qqq >>> welcome back i'm rahel solomonident biden unveiling what he called a national month of action to make it easier to get vaccinated the initiatives include free child care for people getting the shot, expanded hours at pharmacies and encouraging barbershoping and beauty salons to support the goal. >> every american over 12 years of age no matter where you live, what you believe, who you voted for, has the right to get vaccinated it's your choice so, please exercise your freedom. live without fear. we need to be one america. united >>> and anheuser-busch is part of the campaign to buy everyone 21 and older a round of beer where the goal is met. 63% of adults received at least one shot here's a question, what happens if someone fully vaccinated with one type of shot gets a booster using another vaccine? that's a subject of a new study from the national institutes of health so when the results are out hopefully i'll bring it to you in a news update. >> we'll talk more about the vaccine stocks in a moment thank you. >>>

rahel solomon is back. >> reporter: brian, the department of justice anti-trust investigators are steppingls interviewed competitors about the tech giant's business in the sector the more shows the biden administration is actively extending the investigation that started under former president trump. >>> dingdong slashing the ipo. it is looking to raise $94 million. down from the original plan of $357 million that comes after the grocery app and fresh backed by tencent plunged last week. >>> and cathie wood is formally filing paper work with the s.e.c. they are looking to track the performance of the cryptocurrency of bitcoin. wood is a long time bitcoin fool and buying up the crypto in coinbase and basescale brian? back to you. >>> rahel, thank you very much let's leave it there and pick it back up and stick with crypto. bitcoin continuing to trade well off the highs earlier this year and according to the recent note from jpmorgan chase, it is not elon musk tweets or the crackdown in china bringing crypto down a bit, but the death of cash in the asset class and little interest with instit

. ♪♪ ♪♪ >>> welcome back i'm rahel solomon.shops have a right with a statement to deny president biden communion. another vote will be needed once the statement is written. >>> the palestinian authority canceling a deal for 1 million doses of vaccine with israel even as vans carrying the doses into the west bank palestinian officials decided that the shots are too close to expiration. under the deal palestine would have sent doses to get from pfizer this year back to israel. >>> indian health official said they want to resume exporting vaccines but can't until more of the population gets shots. >>> in southern new jersey a new museum honoring abolitionists harriet tubman opening tomorrow. guys, they had a soft opening last juneteenth and now a more formal celebration now that outside is back open tyler? >> wonderful story cape may, a wonderful place do go under any circumstances thank you. >>> let's take a quick check on the dow. how now the dow? not jumping over the moon. lower by 400 down about 520 today but seems to have fou

i thought i'd seen it all. ( ♪♪ ) >>> welcome back i'm rahel solomon. calling the supreme court's decision to uphold the affordable care act a major victory for all americans adding that after a decade it r it's time to build on obamacare. >>> across the pond more than 10,000 new daily covid-19 cases for the first time in nearly four months. experts blame the delta variant first discovered in india. >>> an extreme heat wave overtaken the western portion of the country. it now enters the sixth day. the brutal record high temperatures are execed to continue through the weekend and energy operate or thes are pleading with customers to conserve energy to try to reduce the risk of outages. >>> there's fresh buzz from seattle. a murder hornet discovered recently, the first one found in the u.s. this year scientists say that it is unrelated to last year's sightings. back to you. >> thank you >>> the dow down only about 217 points right now we were down 407 at the lows today. can you imagine if you said you're the federal reserve, most important meeting of the

. >>> welcome back i'm rahel solomon and here is your cnbc news update this hour. let's begin with actress rashad saying a right has been wronged. cosby is expected to be released soon from this pennsylvania prison where he has served two years of a three to ten year sentence rashad playing cosby's tv wife on "the cosby show" in the 1980s. allison mack pleaded guilty in 2019 to extortion and forced labor when she was a high rn ranking member of the nxivm sex club >>> cohn edison asking for people to conserve temperatures are near 100. and the fourth day of the heat wave, although cooler weather is expected in mexico a 2 year year boy was found abandoned near a truck crowded with more than 100 migrants that boy is now being cared for by mexican authorities you're now up to date. kelly, back to you >>> let's get a check of markets this hour as we look to close out the second quarter the dow up half a percent. the s&p slightly higher and the nasdaq lower by 0.2% didi, the day's biggest ipo, is close to turning negative. it priced at $14 last night. we're only 13 cents

we'll get to that in a bit first, it's time for a news update and rahel solomon >>> good morning goodng, everyone w warren buffett is resigning from the gates foundation saying his physical participation is not needed, two months after bill and melinda gates announced they are divorcing. he called for the governments to review tax deductions for charitable donations as he announced his contributions to the gates foundation and also some family foundations. southwest ceo gary kelly will tran transition the airline says that kelly's biggest source of pride is the carrier has not had a single layoff or furlough even during the pandemic and sales of new single family homes fell as the median sale price rose to over $374,000. you're now up to date, carl. back to you. >>> our next guest says it's time to rethink how we talk about technology calling both sides monopoly mark. one is the faang-type name with monopoly power and the other those playing with monopoly money like tesla chief strategist sven hendricks. what a pleasure to welcome you to "techcheck. thanks for being with us >> carl, g

. ♪♪ >>> welcome back i'm rahel solomon. here's the covid update.efore a house committee today secretary of state blinken said that china failed to meet the responsibility of cooperating with the investigators and investigations into the or vin of covid-19. >> what we have seen unfortunately more than unfortunately from the prc since the beginning of this crisis is a failure to meet its basic responsibilities in terms of sharing information, providing access and doing that in realtime with transparency that was true at the start, it remains true unfortunately today. >> meanwhile areas of china's southern province are locked down trying to control increase cases there. some cases with the delta strain first defected in india. >>> moderna has applications to european and canadian health regular lay toers to use the vaccine in 12 to 17. the vaccine is used for 18 and older in the u.s., european union and canada back to you. >> thank you. >>> it is time for the power movers kkr lower. the firm buying the airport services company atlantic aviation. >>> n

. >>> welcome back i'm rahel solomon. here is your cnbc news update. people killed and 100 wounded by an air strike in eth ethiopia's tigray region leadership have been locked in combat since november. >>> a pedestrian bridge collapsing onto a highway in washington, d.c. the incident injured at least six people and trapped several vehicles under debris including a truck. new zealand is reimposing social distancing mandates and limiting gathering sizes after a weekend traveler from australia tested positive for covid-19. the country has only reported 26 covid-related deaths thanks to its zero tolerance policy >>> and the families of the victims in last year's helicopter crash that involved retired nba star kobe bryant have settled their wrongful death lawsuit. in total nine people died during the crash including bryant and his teenaged daughter. the passengers were on their way to a youth basketball game you are now up to date >> such a sad story. thank you. the dow is now lower -- it's been lower by about 25 points here this one sitting out of the gree

let's get to headlines now with rahel solomon. re is your cnbc news update at this hour >>> apparently what is old is new again. the head of the epa is reinstating one of two key advisory committees he dismantled earlier this year he said advisors appointed under former president trump were overly friendly to business. >>> forecasters say heavy rains and flooding will hit portions of the gulf coast later today. tropical storm warning in effect for parts of louisiana, mississippi, alabama and florida. some areas may get up to 12 inches of rain by the end of the weekend. >>> tonight on the news, the latest storm track and more on the heat wave that's been baking the western part of the country. >>> a north carolina rescue teams are searching again for two people from a group that went over a dam. three people died, four others suffered nonlife threatening injuries the incident happened wednesday night but officials didn't receive a 911 call until yesterday afternoon. >>> renewed clashes between palestinian protesters and israeli forc

. >>> time for a cnbc news update with rahel solomon >> good afternoon, everyone. a new assessment by the u.s. intelligence community predicts that afghanistan's government could collapse as soon as six months after u.s. troops leave the country. "wall street journal" says that a more optimistic estimate was revised after the taliban strengthened this position in northern afghanistan last week a member of the oath keepers group is pleading guilty to a conspiracy charge in connection with january's attack on the capitol. young will also cooperate with prosecutors who charged group members and associates with conspiring to block congress from certifying president biden's election win separately, an indiana woman was put on probation in the first sentencing connected to the riot a cdc safety group says there's probably a link between the pfizer and moderna covid vaccines and a rare heart condition. that's been seen in a small number of adolescents and young adults after their second shot, but it also says the benefits of the vaccine outweigh the risk. >>> and presiden

we'll get to the news update with rahel solomon. >> good morning.ladimir putin wrapping up their first meeting at geneva. we're watching for putin to host his news conference. >>> 3.6% increase was limited by surging lumber prices, applications for building permits fell 3%. futures are down more than 40% from their early may high and prices are higher, not seen since march. >>> regeneron helps cut death rates. it's for people whose own immune systems refuse to respond to the coronavirus. jon? >> apple still pushing to fulfill its health care provisions the tech giant has stumbled in its early efforts. california employees currently testing them are reportedly concerned over the integrity of their health carry apple intended to build upon the success of the smart watch and health apps integrated into ios devices. it's stumbling but i see it differently. the apple watch still represents 40% of the market, far surpassing its closest competitor, samsung. dominating the health tech category well, the struggle is real meanwhile ceo tim cook speaking now a

i'm rahel solomon. here's the covid update.tor said she is deeply concerned by an increase in the number of young people hospitalized for covid-19 and saddened by how many of them require intensive care and ventilation calling on parents to help get the children 12 and over vaccinated and encourage them to take prekaugs until they do. >>> france is seeing progress coming out of the third nationwide lockdown. the number of intensive care patients dropped to a low for the year but in the united kingdom 6,200 new cases. that is still just a small traction of the surge in cases in january when the daily count above 50,000. >>> how about this a new study indicates a previous covid infection provided significant protection for at least ten months looking at 2,000 long term care facility residents and staff and those with a previous infection less likely to test positive again compared to those that never had covid. back to you. >> thank you. >>> it is time for power movers. gig economy stocks surging today. doordash up more than 7% i

but first an update with rahel solomon. >> qts realty, the deal with worth $10 billion including debte up about 21% on the news qts is a real estate investment trust that owns and operates data centers u.s. concrete soaring 28% after vulcan materials announced it will buy the company for $1.3 billion the deal expands vulcan's operations in metropolitan areas, texas and the northeast turning to oil prices, benchmark crude prices topping $70 earlier this morning and hitting their highest level since 2018 brent crude is at a two-year high driven by rising demand and opec seeking to supply curbs and norwegian cruise lines, one of the best performer in the s&p, cruise starts, new voyages from miami in august and new york in september. other cruise line stops coming up back to you. >> thank you twitter super follower subscriptions could launch soon. our julia boorstin is following that the twitter product roll out has certainly picked up. i don't know, i've got to think the question is, are they actually going to bring in the revenue? that's what investors are going to want to see, right? >

rahel solomon, thank you. >>> bitcoin on the move this week, after a new promise from elon musk thateeting in response to accusations of market minneap, there's confirmation of reasonable, around 50% clean energy usage by minors with positive future trend. here to discuss the space and on the heels of launching state street's new digital asset division, nadine jakar, executive vice president of state street digital thank you for being with us today. >> thank you for having me good morning. >> so state street just launched this division. i mean, we can talk about, and we do every day the volatility of bitcoin and some of the other major cryptocurrencies, so the fact that tweets from one single man can move the price this dramatically as elon musk does, how are you entering the space, and why are you doing so now >> well, we're very excited with this new development i mean, this is a big move in, i don't know, as we're pivoting towards the future, so morgan, for us, it's more than cryptocurrency, it is really digitizing our environment, facili facilitating any type of digital investmen

. >>> welcome back, i'm rahel solomon, and here is your cnbc news upkdate at this hour. >>> china is station, the first time they have sent a manned mission to space since 2016. they blasted off from the gobi desert. >>> hong kong arrested five editors and executives of a pro democracy newspaper. 500 hong kong police officers sifted through the computers and notebooks from reporters of the apple daily. it's the first time hong kong's national security law has been used against the press. >>> japan will ease the state of emergency in nine areas, including tokyo ahead of the summer olympics. the company is keeping some measures like limiting spectators at big events suga calling on the public to watch the olympics on tv to avoid the spread of covid-19. >> and disneyland paris reopening today. it was closed for nearly eight months due to the pandemic masks are no longer required in france, did disneyland paris res them for above the age of 6. the louvre opened a month ago, so france very much open for tourists this summer back to you. >> rahel solomon, thank you, welcome to "squawk on t

the propublica reporter behind the peter thiel story in a moment first, a news update with rahel solomon. >> here is your cnbc news update at this hour the nationwide ban on evictions will continue for another month. it warns it does not intend to continue after that. >>> google says it is delaying its planned phaseout of third party cookies in its chrome browser in a year. it could help its own advertising services at a time when european regulators are looking at whether google has too much control over that market. >>> u.s. grow domestic product grew at 6.4% last quarter. unchanged from last month's preliminary estimate from the government. >>> new claims for unemployment insurance falling by 7,000 to a seasonally adjusted 411,000 last week that's another sign of economic recovery after the pandemic, but, carl, it is higher than expectations and the second week in a row that claims were above 400,000. still a long road. >> long way to go. thank you very much. >>> peter thiel's $5 billion retirement account, how he racked up billions in tax free gains over the last 20 years utilizing a

i'm carl quintanilla with jon fortt and deirdre bosa and julia boorstin a news update with rahel solomon. >> good morning. here's what's happening at this hour shares of boeing down 3% after the faa said the company's 777 x jet is unlikely to get certification for one to two years. it cites a lack of safety data on the plane. >>> mitch mcconnell calling on the top two democrats in congress to join the president in walking back demands. such a move could make it difficult to build democratic support for the bipartisan plan. >>> crude oil futures hitting a 2 1/2 year high this morning, down 1%. shares are balancing forecast of higher demand with reports of higher covid cases in asia >>> and shares of carnival plunging more than 6%. the cruise ship operator saying that it will sell up to $500 million worth of stock proceeds go to buy back stock and general corporate purposes you're now up to date. deirdre, back to you >> thank you, rahel. as of wednesday, it must put a statement on its website saying that it is not currently permitted to undertake any regulated activities without the prior

activity w've got some new plays as well toork in we're back in just two minutes >>> welcome back i'm rahel solomon. the biden administration released the allocations for its 55 million dose donation of covid vaccines 21 million doses will be handled by the global covax partnership. of that number, 14 million will go to latin america and the caribbean. 16 million to asia and 10 million to africa. another 14 million for what the administration is calling regional priorities and other recipients >>> as the olympics approach, reporters got a preview of the athletes village and plaza they'll monitor the main cafeteria as part of the efforts to prevent the spread of covid-19 and after their arrival this weekend, a member of uganda's national team tested positive as part of a routine screening. officials are not saying if it was an athlete or team official. and the u.s. is extending a ban on nonessential travel at its land borders with mexico and canada it was set to expire today but will now continue through at least july 21st. >>> tonight on the news with sheppard smith, going door to door in my hometo

running a bit hotter than expected more on that in a moment but first let's get a news update with rahel solomon. >> good morning and as you just mentioned, stocks are down and dow and s&p are posting their biggest losses in more than a month after that top fed official said that inflationary pressures are rising faster than predicted and traders bet that the fed will abict sooner. >> we were expecting a good reopening but this is a bigger year than we were expecting, more inflation than we were expecting and i think that it is natural that we've tilted a little bit more hawkish here to contain inflationary pressures >> many commodities are on the rise today gla grain is rebounding but lumber prices continue it fall. and smith & wesson is bucking the market, shares up about 13%, 14%. sales shot up 67% from last year's level driven by higher gun sales. shares now trading at a five month high you're now up-to-date. >>> and we're watching the markets, the dow is down about 475 points nasdaq losses accelerating tho now down about 1% but faang has been a bright spot and dom chu has what is moving >>

first get you caught up in what's happening with a news update from rahel solomon. >> what's happeningthis hour rising food costs pushing up 0.8% in may. consumer price index up 6.6% biggest increase since 2010. same time, retail fell due to electronics and furnifurniture. dropping to a low, higher material and labor costs as well as supply shortages. u.s. and european union ending a trade dispute over jetmakers going on over two decade reaching a deal to end many tariffs, although others remain. president biden says the deal open as new chapter in america's new relationship with europe. >>> and president biden moved on from talks in brussel to geneva and a meeting with russian president vladimir putin. not expecting concrete advances from the meeting. >> rahel, thank you. >>> and talking crypto bitcloud is a cryptocurrency and a social network currency side making a debut on blockchain today diving into that social aspect allows users to invest in influencers and creators using the platform's unique token bought with bitcoin. users can then spend the bitclub tokens to invest in person

the other way and silver and copper among the worst performers time for a cnbc news update with rahel solomon. hi, rahel. >> hello good to see you. here's what's happening at this hour, everyone >>> a reminder president biden calling for an interagency review to combat corruption and also identify intelligence gathering opportunities to uncover illicit financial activities. >>> florida representative mat gaetz is under investigation prosecutors are investigating a phone call he had with a witness in the probe of the sex allegations against gaetz. >>> a memorial informally known as george floyd square has been cleared and traffic did briefly flow through the area for the first time in year before commune activities put up new barriers >>> tonight on the news, a debate on how to remember george floyd and what permanent memorials will go up in minneapolis. >>> twitter sings the blues. apple's return to work plan. and the two biggest ceo pay packages of 2020 it is all coming up in rapid fire n'gonyere. it's right after this. [typing sounds] [music fades in] [voice of female] my husband ben and i

. >>> let's get to some headlines and rahel solomon has them >> hello, everyone here's what's happeningthis hour moments ago the mayor of miami-dade announcing the latest on rescue efforts at the site of the collapsed condo building in surfside >> this morning, we did recover another body that brings the count to ten the total number of those accounted for is now 135 and the total unaccounted, 151 >> tonight on "the news," live team coverage from florida and an interview with the fire marshal who oversees the search and rescue teams >>> tropical storm warnings have been issued for the coast of georgia and south carolina it's expected to strengthen into a tropical storm >>> and in london, a fire sending thick clouds of black smoke over the middle of the city about 100 firefighters responded to the fire which does now appear to be under control police say the incident at this point does not appear to be terror related despite that and the explosion folks there said they heard, only one minor injury reports. >> look at the black smoke in london thank you, rahel >>> up next, the big etfs to

rahel solomon, thank you. >>> shares of amc are all over the map.illion shares, this is amid the trading frenzy we have been talking about in general in recent days. shares down 19, almost 20% right now. amc cautioning investors in an 8 k filing julia boorstin joins us with a reality check. julia. >> well, morgan, what an 8 k it was, as amc filed with the s.e.c. to sell up to 11 1/2 million shares from time to time, the company warning quote, the recent volatility in our current market prices, reflect market and trading dynamics, unrelated to our underlying business we caution you in against investing in our class a common stock, unless you are prepared to incur the risk of losing all our a substantial portion of your investment. this comes after the stock gained 95% in the trading session yesterday as the company raised $230 million through a stock sale, and said it would use those funds for potential acquisitions and upgrading its theaters, as well as paying off debt ima x's richard gelfond said some of the money may goto upgrading theaters, in ad

a news update with rahel solomon. >> hi, carl. good morning here's what's happening.u.s. sales of more than 242,000 vehicles, up 47% from last may also above estimates hyundai and kia set new sales records last month tyson food ceo stepping down debanks is leaving the meat company after 8 months on the job. >>> shares of lands up as much as 6.5% following first quarter unexpected profit. the retailer doubled its e ps guidance for the year and the stock up closer to 1%. >>> a second positive drug test for kentucky derby winner medina spirit, the result raising the possibility the victory at churchill downs will be overturned you're up to date. back to you. >> thanks. >>> hp enterprise beating expectations for the first quarter and the company reporting earnings per share of 46 cents revenue of $6.7 billion. the company also seeing its first ever double digit sales growth shares are down just about a percent this morning perhaps some questions about the guide. joining us now hp e ceo antonio neri good to see you. now your fiscal '21 guide your mid-point is your old high

. >>> let's get to rahel solomon for a cnbc news update >>> the supreme court is refusing to let newpshire sue massachusetts over an income tax dispute. new hampshire wanted to stop massachusetts from collecting income taxes from about 80,000 of its residents who have been working from home during the pandemic instead of commuting to offices in massachusetts a u.s. consumer watchdog is finalizing a role restricting mortgage foreclosures, temporary safeguards to let borrowers seek loan modifications or sales before being foreclosed. john mcafee committed suicide in his spanish prison cell. he was found hanged in his cell last wednesday >>> and in canada, members of an indigenous community holding a sacred ceremony at the site of unmarked graves. >>> tonight on "the news" several churches that sit on indigenous lands being set on fire calls for the vatican to respond. continuing story, kelly. really sad one >> horrible. rahel, thank you very much >>> coming up, we work the hottest new coworking spaces in new york city, restaurants how niding establishments are courting remote workers a

the hour, i'm carl quintanilla with jon fort, deirdre bosa and julia boorstin a news update with rahel solomon here is your cnbc news update at this hour as home prices rise, sales are falling. existing home sales fell .9% in may compared to april. that's according to the national association of realtors, the fourth straight month of declines the median home sale price hit an all time high topping $350,000 european antitrust regulators were opening another google investigation. this one is looking at whether the company favors its own display advertising technology by restricting access to user data google says its services are competitive and effective. >>> and reuters is reporting a $500 million compensation fund is now open for the families of the 346 people killed in two crashes of boeing 737 max jet t was created as part of a settlement with the justice department each eligible family will receive nearly $1.5 million. you're now up to date. carl, back to you. >> thank you very much. >>> we're looking at tech stocks price action over the last month. dom chu has a look at how some investors

playboy shares up 6.5% >>> let's get to rahel solomon for a cnbc news update >> let's begin in floridae last 30 minutes, the governor told reporters that rescuers are hopeful of bring something survivors out of the rubble after a 12-story beachside condo collapsed overnight near miami >> right now, we have the fire rescue they are in search and rescue mode they are trying to identify survivors. i know they have made contact with some. and they are doing everything they can to save lives and that is ongoing. and they're not going to rest. >> the justice department is urging state and local courts to delay tenant evictions before they ask for the court's permission to carry out an eviction pending cases could be delayed for up to 60 days to give landlords time to apply for that assistance the cdc does not expect to extend the pandemic eviction plan past july >>> and a town in chile would like to find a new home for some 300 sea lions that have taken over its beaches local authorities think they may be onshore to avoid killer whales or orcha orcas in the war there may not be a lot the tow

. >>> welcome back aim rahel solomon and here is the cnbc news update 7519 unmarked graves found in canada rege-jeana in saskatchewan. the graves were originally marked but they think the roman catholic church operating the school removed the markers at some point last month 215 children were found buried in british columbia. >>> officials are hoping to find survivors in the rubble of a 12-story beeshside kondo collapsing in miami. one person confirmed dead so far. >>> police released daytona beach where an officer was shot in the head. in critical condition after surgery there is a $100,000 reward for the suspect a new york court has barred rudy giuliani practicing law in the state. citing evidence that he promoted theories that donald trump lost the election due to widespread voteth fraud giuliani's representatives say there should be full hearing vindicating him. you're up to date >> turning to fedex, the company's forecast to see the earnings doubling in q4, the global carrier operating an elevated e-commerce market strong b to c steals appear growing b to b e-commerce nearly doubling

first, a news update with rahel solomon. >> good morning. here is your cnbc news update at this hour. an ncaa loss this morning at the supreme court. in a unanimous decision, the justices ruled it is a violation of antitrust law to block some education related aid for student athletes and includes things like scientific equipment, tutoring and paid internships. it does not address the question of whether college athletes can get direct payments. >>> goldman sarchs celebrating win in the high court. the case is now being sent back to a lower court >>> and american airlines canceling hundreds of flights this weekend due to staffing shortages and maintenance problems struggling to keep up with surging demand as covid travel restrictions are lifted, and american will cut back on flights through mid-july it amounts to about 1%, but if you're on one of those 1% flights, it still is a tough position to be in. >> might as well be 100% if you're the one on the plane. right, rahel. >> all perspective. >> thanks a lot. >>> here is a question, is this t

stream twitter investors have, in fact, been waiting for s&p right at 4,200 pap news update with rahel solomonarly a million jobs in may led by leisure and hospitality industries and hitting another pandemic low of 385,000 general motors is ramping up production of pick-ups to meet rising demand. the company expects results for the second half of the year to be "significantly better than earlier forecasts. and suv sales in may said ford best in 18 years overall may sales up more than 4 percent. the company announcing a compact pick-up called the maverick. details on that released next week. >>> and the world's largest meat producing company hit by a cyber attack plants expected to be running full capacity today. meanwhile, new york's mass transit system, mta breached by hackers but not sensitive data stolen and operations not disrupted. >>> you're up to date. jon, back to you. >> rahel, thanks. >>> twitter, meanwhile, recently unveiling a premium subscription service called twitter blue. let's get to julia boorstin to break it down. julia, we keep calling this undue but it's not really. like a

first, time for a news update and rahel solomon. >> good morning.e consumer confidence in june jumping to its highest level since the pandemic began the 127.3 reading is also far above forecasts. >>> on the rise, home prices, the annual growth rate hit nearly 15% in april, that's the highest annual rate since the index began in 1987. >>>airlines placing a huge order for new jets. the largest order ever for commercial planes. united says it will allow the carrier to add flights and also retire older planes. >>> the head of an influential consulting firm resigned declan kelly stepped down following reports he was drunk and inappropriately touching women at a charity event kelly apologized for his behavior >>> and walmart says it will start selling private label insulin. the retailer says consumers can save over $100 per vial of ins len and up to $250 per pack of insulin pens, the products will be available starting in mid-july you're now up to date. carl, back to you. >> big story for us today, thank you. >>> cathie woods ambitions in bitcoin becoming

. ♪ ♪ >>> welcome back i'm rahel solomon. our cnbc news update at this hour. >>> the white house is opening a new front on the war against the coronavirus. the biden administration says it will invest more than $3 billion to accelerate research and manufacture new covid treatments >>> the supreme court ruling unanimously a catholic foster parent agency does not have to work with same-sex couples seeking to adopt the court said that philadelphia violated constitutional religious protections when it limited the city's work with the agency >>> tonight on the news, today's supreme court rulings on obamacare, religious and gay rights and child slavery and what precedents they may set >>> tennis star rafael nadal is skipping wimbledon he says he made the decision after, quote, listening to his body he made it to the french open semifinals but then lock to djokovic in an epic four-hour match. back to you. >> thanks very much. >>> dow and s&p bouncing a bit off the session lows joining us to talk more about what to do with your money

. >>> welcome back i'm rahel solomon.e news update as the july 4th holiday weekend approaches gas line prices are rising in los angeles between $4 and $5 a gallon the average price hit $3.10, the highest this year. >>> donald trump's long time numbers person chief financial officer allen weisselberg will be charged nbc news reports that the company will be charged tomorrow but says that it's you be clear if weisselberg or other individuals will be aused. the company denied any wrongdoing. >>> now confusion in the new york city mayor election results yesterday dave democrat adams a slight lead and then they took the numbers down saying that 135,000 test ballots had been counted epa added uncertainty to an election causing confusion as the city uses ranked choice votinging for the first time carl, back to you. >> all right thank you. >>> semis are surging in q2 with the smh hitting another intraday high nvidia is the top performer. let's bring in wells fargo aaron rankers. a nice breakout here first time since february. wha

eastern time >>> dow's up 282 a news update with rahel solomon. >> good morning.fter a building partially collapse inside surfside, florida. it's unclear how many people are missing. the cause of the collapse is not known. during a news conference this morning the mayor abspoke about the destruction. >> when the building came down it pancaked. so there is just not a lot of voids that they are finding or seeing from the outside, which again is -- that's a tragedy. >> the military confirming it was responsible for an airstrike that killed more than 50 people in the country despite the attack taking place in a busy marketplace, they say they did not target civilians. e . >>> and california's democratic governor gavin newsom will become the second governor in the state's history to face a recall election. a petition was signed and was verified by the state's election fials. >>> you are up to date back to you. you packed a record 1.1 trillion transistors into this chip i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you become an

let's go to rahel solomon.arch crews are entering day six of the effort to find possible survivors of the around 150 people still unaccounted for. confirmed death toll is now 11 >>> minutes ago as he was leaving the white house, president biden said he hopes to go to florida as soon as thursday. >>> authorities in a kansas city suburb were trying to determine what caused an explosion that flattened a duplex last night. several people, including two children, were injured. >>> and calling this the lava fire, groing and fueled by strong winds >>> a painting by pablo picasso has been found in athens nine years after it was stolen from that country's gallery main has been arrested and authorities say has confessed. you packed a record 1.1 trillion transistors into this chip i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you become an agent of innovation with invesco qqq - dearest burger joints, (knife thwacking) our royal fryness, thanks for keeping your cool when the kitchen

. >>> time for a cnbc news update with rahel solomon. >>> here's your cnbc news update at this hour texasnor greg abbott signing new pro gun rights bills into laws today, including one allowing texans to carry handguns without a permit. legislation goes into effect in september. >>> and michigan governor gretchen whitmer says that she wants frontline workers to get hero pay visiting a nursing home to support legislation that would permit one-time payments to essential workers. >> when you work that hard and do these tough, important jobs, you should get paid a salary that you can live on, that you can take care of your family on. >> and the u.s. is joining other nations denouncing china over the arrest of five people at a pro-democracy newspaper in hong kong the state department says that the u.s. strongly condemns the arrest, which appear entirely politically motivated. you are now up to date wilf, back to you. >>> still to come, the nasdaq is flooding with record high closing levels bradley tusk will join us with his take on the sector and the big things he's watching at the moment. >>>

. >> it still attracts e >> it will stop being cool when you start wearing it >>> rahel solomon has thecosby, the big news today, has been released from prison it comes just hours after a pennsylvania supreme court overturned his sexual assault conviction a state prosecutor says that cosby is going free on a procedural issue that he says is irrelevant to the facts of the crime that led a jury to find cosby guilty >>> the gates foundation is donating $2.1 billion to pronote gender global equality she also pledged another $1.4 billion for women's sexual health and preproductive rights. >>> dozens of deaths may be tied to the record-breaking heat wave that's scorched the northwest. officials in washington and oregon state are investigating numerous deaths that have occurred since the heat wave began. and police in vancouver, canada responded to 65 sudden deaths since friday of course, we here on the east coast are dealing with our own heat wave that's hopefully supposed to break tonight. back to you. >> brutal. rahel, thank you >>> 29 minutes left to go before the bell here's where we stan

the nasdaq-100 like you become an agent of innovation with invesco qqq ♪ >>> welcome back i'm rahel solomone. the death toll from the partial collapse of a florida condo building rising to nine over the weekend. search-and-rescue operations continue for 150 still missing efforts enter the fifth tay. >>> airstrikes in iraq and syria yesterday. the attacks targeted iranian-back militia groups that the pentagon blames for drone attacks against u.s. troops. a pentagon spokesman says the efforts were designed to limit escalation and send a deterrent message. >>> record high temperatures in california a 1,200 acre fire broke out along a highway after a car fire jumped to the hillside in oregon many restaurants and bars are closing due to a shortage of ice and air conditioners. >>> and the supreme court has declined to hear a case about other schools must allow students to use bathrooms that match their gender identity. the decision now leaves in place a lower court ruling that a virginia school board acted unlawfully in preventing a r transgender student from using a bathroom that corresponded wi

. >> thank you i'm glad i passed the test it's time for a cnbc news update with rahel solomon >> hi, here's what's happening at this hour the biden administration working to suspend all oil leases in alaska's arctic national wildlife refuge. politico says an environmental review could lead to restrictions on oil exploration and could nullify existing leases. >>> heavy rain for weeks leading to flood levels at a lake in north texas. forecasters don't see any let-up as well. the risk for flooding continues across parts of texas and louisiana. >>> belarus activist on trial stabbed himself in the neck while in the courtroom he was carried away from the courtroom and taken to a hospital where he has since been put into an induced coma. >>> and grand slam tennis tournament is promising to address players' concerns about mental health. this is in the wake of naomi osaka's stunning withdrawal from the french open. the same tournament threatened her after s-- with suspension after missing a news conference. >>> energy stocks popping today as crude oil touches its highest level since 2018 up n

. >> let's get a news update with rahel solomon back at hq. >> good morning.aight night they are protesting the shooting death of winston smith the 32-year-old was killed as u.s. marshals tried to take him into custody officials say there was a warrant out for his arrest on a felony firearms violation. according to police, smith fired at officers before he was shot by two deputies. >>> three people are dead and three injured after an early morning shooting in south florida. police were called to an apartment complex near the homestead air reserve around 2:00 this morning. officials say three people were killed at the scene including a woman, a child and the suspect shooter who died by suicide inside that complex. >>> overseas in southern pakistan, 40 were killed when two express trains collided. the cause not immediately clear, but train accidents are common sts,e poorly maintained signal syem and ageing tracks are an issue more "squawk on the street," we'll be right back. don't go away. folks the world's first fully autonomous vehicle is almost at the finish