seema: sorry, i misheard that. jonathan: can i get everything you said in the last 10 minutes by just owning the s&p 500? seema: no, i think you really need to actively look at what you are investing in. this going to be some cyclical sectors that do well. you need to have a little bit of growth. but you absolutely need to pick well because over the coming months, as the reflation trade becomes a bit more normal, some of those companies are not going to do as well as those over the last few months, so we need to be a little bit more cognizant, a little bit more active in the way investors are looking at things. jonathan: it is good to hear from you. we've got some data for you in about four minutes. we get the adp report. payrolls on friday, 700,000. tom: you just asked the most important question for american wall street, if not global wall street. let us focus. in the last 12 months trailing, s&p 500 up 44%. you know what, jon? i know you loaded the faang stocks. jonathan: i wish. tom: that question is so importa

i think we are on the cusp, seema, the shift of service. that will take off i don't think it reflected positively yet we have seen reopening i think that is pointed to move higher the reason it is encouraging is services is a lot bigger piece of the economy we are rooting for services to do well. we have data ism services hit a record. adp number had services driven in jobs. to the non foreign payroll, it was a solid report 290,000 jobs created in services alone. i think it was strong, but the number one item for the fed is inflation and watching what is happening on the wage front. >> we have retail sales on friday as well if you look at year to date, tech tors which are standout, energy it was a headache the last couple of years. oil prices have peaked we have brent crude back over $70. i wonder if you think the trade has run out of steam is it too late to buy the oil giants >> i think the cyclicals and sensitive sectors which energy is included in that remain very attractive i think the operating leverage is substantial people did get bu

jay, good morning. >> reporter: seema, good morning.r the building fell to the ground. it only stopped once since that was yesterday as loved ones of those missing got the first look at the devastation up closely. crews are still pulling away pieces of the high-rise. >> picking up pieces of debris and allows for another round of the dogs that make the rounds that look for survivors and allow the paramedics embedded with the team and surgeons embedded with the teams to do their jobs >> reporter: a job that continues around the clock because these heroes understand time, like the elements, is an enemy. >> we heard taps we heard falling we heard twisting metal. we hear sounds all the time. >> reporter: the norriega family hasn't heard from their grandmother since the collapse >> i fell to my knees realizing my grandmother was in the building >> reporter: they got a message. finding images and items from the apartment in the debris. >> it would be a miracle to bring her out alive. and my grandmother's soul is in heaven and i know she is wit

i'm seema modi from cnbc.l street is set to open lower, the s&p attempting to make a run at a record high amid opt michlt of the reopening economy. the index is a few points away from its all-time high up more than 12% this year. in focus investors this week reports on consumer credit, filings for unemployment benefits and inflation. the monthly consumer price index prices rose in april at the fastest pace in 13 years. it could push the fed back from low interest rates. >>> businesses are counting on teenagers to staff restaurants, golf clubs and other entertainment hot spots. teens are answering the call. the share of 16 to 19 years old who work rose 33% in may, the highest rate since 2009, a sharp rebound from the record low 20% unemployment rate amongst teens last spring when the pandemic dried up lower wage jobs. greater schedule flexible and higher pay than in past years. >>> tinder the dating app will let you avoid all your exes and friends, relatives and anyone else you may not want to run onto on the a

that is what cruise passengers want in the beginning. >> seema, thanks >> she's got to find a way to it was leaving schori. >>> new risks are emerging we're going to speak with a hotel ceo on how they're dealing thab srtages, rising prices and more, in just a moment don't go anywhere. hey, dad! hey, son! no dad, it's a video call. you got to move the phone in front of you like..like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most and $0 commissions for online u.s. listed stocks. don't get mad. get e*trade and start trading today. obsession has many names. this is ours. the lexus is. all in on the sport sedan. lease the 2021 is 300 for $379 a month for 36 months. experience amazing at your lexus dealer. $379 a month for 36 months. experience amazing at your lexus dealer. ♪ ♪ ♪ cisco. the bridge to possible. this past year has felt like a long, long norwegian winter. but eve

thanks, seema. >> coming up next on "today in the bay," up 750%.he new numbers revealing a startling rise in one crime in bay area tourist hot spot. how police say you can avoid from becoming a target. . >>> here we go monday morning, and here we go downtown san jose. all lit up ready for "today in the bay." >> look at the lights. >> i know. >> i don't know. just look. >> just for all of us. the whole morning. >> please, if you're waking up, we're recovering from the weekend. >> monday is here and we're going to have a great one. meteorologist kari hall has a great forecast for us as well. >> yeah. still looks pretty good, the kind of weather we saw from over the weekend continues today. let's start out in dublin with a live look out there with a little bit of some clouds. this is what helps keep our temperatures in check. right now we're in the upper 50s and we'll see it holding steady for a couple hours and a mix of sun an clouds throughout late morning, all clear sunshine for the rest of today as we head into the upper 60s and low 70s by 11:00.

mody who brings us trading nation seema?ng the meme stocks. i want to take a closer look at some of the etfs that hold these names. some of the names in the russell 2000 amc and gamestop are now the two largest components in the russell 2000 value etf once a small component, amc now makes up 15% of the invesco leisure and recreation etf gamestop, a big reason the spider retail etf is up 47% this year how should investors play it ari wald and nancy tangler if you're waking up and thinking i need exposure to these meme names through these etfs i hold, what should an investor do >> you should look at the top holdings in any etf you own. in this case that's what we find this is a company whose management has voracious appetite for capital insiders are selling that's still in distressed territory. and it's got negative earnings to boot. i'm speaking about amc. i would be a seller as fast as i possibly could at these levels investors should be aware of what their largest holdings are in any etf they own. >> and etfs, change on a q

i'm seema mody here's your cnbc update at this hour bill cosby will soon be a freeman.s prosecutor prevented cosby from being charged in the case. the ruling also bars further prosecution. >>> ford will halt production at some of its factories and slow output at others due to the ongoing computer shortage. the move is said to last through most of july and the house of representatives getting ready to vote on creating a committee to investigate the january 6th insurrection on capitol hill the 13-member panel is said to have five republicans. but what will the panel look like and who will get subpoenaed to testify shep will break it all down tonight on "the news." >>> and in mexico city, billionaire carlos slim says he'll pay for the entire rebuilding of a metro line that collapsed in may his construction company was responsible for building the metro line in the first place. back to you. >> seema, thank you very much. >>> let's turn to shares of bed bath & beyond, which are soaring after the company reported better than expected revenues and strong comp sales. just over

and hasn't done much for the last five years, seema we own it. it's not our favorite.t to own the ibb, and i think he makes some very good points we're playing the space with individual holdings. our two largest are j&j, which by the way bought actilion which is one of the largest biotech companies, and abbvie which is alternately characterized as pharma and biotech this is a company with free cash flow yield of 9 1/2% dividend 4 1/2% and growing 18 and they've been able to bridge the gap we think from humanera going off patent in 2023 to -- through rinvoke and skyrze wide rather play the individual name in our portfolio. >> pick the stocks versus the etf. got it nancy and ari, thank you for your insight and head to trading-some nation.cnbc.com for more insight on markets today tyler, over to you >> seema, thank you. up next, between online deliveries and military use the big business of drones is expected to fly even higher over the next few years jane wells is live in moorpark, california finding out more about the industry and taking a test flight. jane >> tyler, we

hi, seema. >> good evening, shep.ready to socialize and gather, airbnb is cracking down on party houses to team up with expedia's vrbo to ban hosts who allow wild parties an industry-wide collaboration to share information on bad actors and reduce the chance of of a repeat offender >> one thing we noticed airbnb takes down a home but it's on vrbo or vrbo takes down a home and they jump over to airbnb that isn't necessarily solving the neighbor's problem >> so-called party houses have been a long problem for the short term rental industry airbnb has banned unauthorized events for a couple years now but according to some residents, they're still happening. >> what you have at party houses and what they do is make bedrooms out of the garages, put bunk beds in the living areas, they want to get as many people in there as they can >> long-term residents say parties are disruptive, trash left on the streets of the neighborhood, noise throughout the night. if you are planning to rent out your home this summer, want to reduce

>> appreciate it, seema. major league baseball wants its pies of the nft boom the first will launch on july 4th, the anniversary -- >> day i consider myself luckiest man on the face of the earth. >> it will commemorate lou gehrig's famous speech that's just the beginning. they'll be partnering with a company capitalizing on the entire digital catalog we know it could mean big bucks. when the big bucks are on the line, there's always a problem how to split it. jabari young and patrick riche joins us jabari, what do we know about this deals, how lucrative it is? >> i appreciate you having me. it's particularly a licensing deal, so whatever candy digital makes off, the mlb will get royalty, as it continues to accumulate mlb get more money they're trying to reenter the nft space. they kind of made a note to me, back in 2018 they were already in that space, we just didn't know what it was now that we have a feel for what the nfts are, they're back in it, and hopefully want to capitalize on the popularity and see w

back over to you, kelly. >> seema, thank you very much. >>> after the break, smashing estimates.. every curve, every innovation, every feeling. a product of mastery. get 0.9% apr financing on the 2021 es 350. experience amazing at your lexus dealer. >>> welcome back to "power lunch. call your attention to shares of chipotle which are up 1.25%. you see that spike the cfo saying they have increased prices 3.5% to 4% across the menu to cover the cost of wage increases executives expect other restaurants will feel the pinch of inflation as well investors usually like price hikes. they lift lower to about a percent gain. >> the ceo of academy sports and outdoors, those shares higher today. the company reported results that blew away the estimates the company crediting stimulus checks for at least part of the strong results can these trends continue post-pandemic? let's talk about it with academy sports and outdoor chairman president and ceo, ken hicks, who joins us on the phone. mr. hicks, welcome good to have you with us what's amazing here is that your sales in the first quarter wer

brian. >> seema mody on the "celebrity edge." we will hear more at 10:30 a.m.e when the ceo joins us big day for the cruise industry. >>> we have more to do let's get a check of the other top headlines, including more of the horrific building collapse in miami that shepard smith has been covering. phillip mena in new york phillip, it is a devastating scene. >> horrific to see brian, good morning. president biden has proved an emergency disaster declaration in florida after the high-rise collapses near miami emergency crews are digging around the clock in surfside frantically searching for survivors in the rubble. one person was killed and 99 still unaccounted for. they can hear banging sounds from underneath the debris >>> vice president kamala harris is heading to the southern border today president biden tasked her with the migrant issues she is facing criticism from republicans for not visiting the region. >>> and derek chauvin will be sentenced for the murder of george floyd today on april 20th, chauvin was found guilty of second degree unintentional murder

>> seema, silver and gold is interesting. i'm looking at oil and also looking at copper.is clearly made a higher low than we have seen before broken out of a consolidation range and looking at 10-year break evens see a high correlation of some of the key components like eog and chevron. i look at that particular chart and see upside to $63. and then i would play it through copper and a best way is through freeport mcmoran from our perspective a nice uptrend and buying the pullback and back to the 2008 and 2011 highs. which is still 50% upside from current levels. >> nice chart. good ideas thank you. for more head to the website follow us on twitter tyler? >> thank you very much. >>> godden opportunity in the golden years shares of brookdale senior living soaring today and this year the ceo will join us to discuss what comes next for that industry we'll be right back. >> now the latest from trading nation.cnbc.com and a word from our sponsor. >>> welcome back brookdale senior living up more than 14% today as the stock is upgraded the analyst is not the only billionish one

jon, back to you. >> seema, thanks. >>> talked earlier about creators issues with apple fees.ulia boorstin has more why so many industries are feeling pressure now from tim cook, not just video creators. julia? >> that's right, jon apple's expanding options in its ecosystem and building walls around its garden higher some companies are push aring back, as you just heard. just yesterday fanhouse joined the list of companies not wanting to pay apple 30% of creators, what they give to the app. this supports epical lawsuit against apple for the fees that apple charges. this is just the latest example of how many different industries are on edge about apple's broadening reach we just learned this week that apple's launching a paid podcast tool putting it further into competition with spotify and other music podcast platforms launching next week. and spotify file add complain in 2019 about apple's power in the app store prompting the eu to investigate competition concerns and apple's recent eenounsments spreads concerns as well journalists warning that apple's mail blocking and emai

we'll turn to seema mody, another fabulous cnbc lady for trading nation. >> energy a standout sector.oil prices higher why the sector already vastly outperforming every other sector in the s&p 500 on the month and the year% is volatility priced in? let's talk to the trading nation team craig johnson and danielle shay. you actually think there's more room to run in energy stocks what are the top two picks >> you know, i do, seema it's come so far and i wouldn't advocate buying shares right here but this is a sector i like for options trading because we have a little bit more upside so with the charts of cvx and xmo with more upside and can trade them to the long side going into july with cvx itch a target of $115 with xom looking at 67 so i think bullish call deb fit spreads, put credit spreads. think of those work to trade the names into the summertime to the upside. >> craig, last year energy was a no touch sector and now up 44% this year. any concerns around valuation? >> no concerns around the valuation side and i would just wrap it up and say it's going to take a lot of old energy

seema, thank you very much for more on this, let's bring in former fda commissioner, dr.nd ill lumina and is a cnbc contributor. dr. gottlieb, it's great to have you here on a friday afternoon we'll start where seema left off. how is it possible that this happened if all of the passengers were vaccinated and they tested negative getting onto that cruise did both of these passengers pick up covid at one of the stops? >> that's one possibility. another possibility is that they were incubating it before they got on the ship. i also think that you need to make sure that children are vaccinated around these cruises. at least initially we should be requiring 100% vaccinated cruises in my opinion. i've been part of a panel that made a set of recommendations to the cruise lines i co-chaired that panel with dr. michael leavitt and a number of cdc officials were part of that. among our recommendations was for aggressive testing, both before the cruise experience as well as on the ships potentially and after the ships got back into the port. we felt that with testing and certainly r

blackberry, and how apple is bringing people back to the office let's start with the markets seema mody has the numbers. >> one day ahead of the jobs report the dow is attempting to stage a comeback, positive after staging a 266-point doe klein at the open we are currently up about 24 the teernl yield back to 1.64% here on the upbeat economic data we got out in the last two hours that prompted some concerns around inflation the tech selloff continues 3 to 1 decliners on the nasdaq to put this move into perspective, the composite is 4% away from its intraday record. biggest losers, a combination of big tech, amazon, apple, facebook docu docu-sign, ahead of its earnings report at the bell, shares are down just about 2.2% what is working for the market right now. >> san business stocks, ledby till real estate, the stock up 4% an upgrade at canner fitzgerald following its merger. >> seema mody, nank. >>> we begin with a reversal in several big meme stocks today as you have been seeing all session. amc is down about 15% right now. it announced plans to issue another 11 million shares. it is

>> seema, thank you.nversations about these stocks recently, tim, you've been behind this one. so what are your comments on the quarter? >> look it was a beat, it was a raise, 524 new subs, 144 million new arr, again we seen the arr growth, 75%-ish, revenue 81%, analysts saying high, high double digit growth, which is also the multiple as we said, 37, 38, 40 times revenues. and that's difficult but, where we are flight in th but where we are right now in the fight against cloud and cyber threats, early days and a customer base that keeps growing. i like this. multiple times and the price action you're not chasing this, it is consolidating around 200 and i like it higher. >> interesting we also had lulu, good quarter and guidance and not much movement after-hours, we got this one, fits sort of the same profile, guy, in terms of high valuation, but did deliver on the quarter. >> was a great quarter again, their margins were very good and this calendar report seema talked about may 26th they talk about zscal

seema yasmin. dr.ealth initiative and a clinical professor at the stanford university department of medicine. seema's eis assignment was with the state of arizona. the panel was organized to include alumni from different decades, professional categories, eis positions and other elements to reflect the broad diversity of our eis officers. our panel includes dr. ken castro, a physician and former division director at cdc and formerly my supervisor. ken is now a professor at the rolland school of public health. he also serves as an advisor for usaid. ken was an eis officer with the division of hiv/aids. next is dr. sue chu. she is a director with the department of health. dr. lynn paxton -- dr. jennifer mcquiston served with the leadership branch. dr. lynn paxton held a position with the cdc until her temporary retirement in 2017. she is currently the county health director. lynn was an eis officer with the malaria branch. representative sara rodriguez is a nurse and currently serving wisconsin state repr

seema, thanks so much. >> here in the u.s. teenagers rolling up their sleeves and going to work. the 16 to 19-year-olds who work rose 30% that's the highest since 2008. businesses that have struggled to bring back workers now turning to teenagers for help. on the youth saving the economy, here's cnbc's christina partnevolos. >> he is in college in ohio and is back at work at milk and cookie, a part-time job he's had for nearly four years now. >> i was lucky enough to have an owner who worked with me and worked with my schedule. >> and that flexibility paid off for him during his final semester of high school when the pandemic forced him home for remote learning. >> i worked as much as i could, and it was a good way to spend time out of the house and prevent myself from going crazy. >> while milk and cookies was able to keep him on payroll last year, not all teens and businesses were as fortunate in may 2020 the unemployment rate 16 to 19-year-olds soared to 30% affecting alexandria brown who worked at a summer camp >> i decide

hits in the pandemic. >> really beautiful pool and encouraging sign for the industry and the works seematter shot than pete najarian. >> tied. we'll call it tied thank you very much. let's trade it brenda we kick off with you own booking holdings. holdings seeing cruises return obviously an encouraging sign, but do you think it is sustainable? >> in my personal views it is going to take a while for the cruise industry to fully recover. that's why we prefer something like a bookings holding where you benefit from a recovery in general where you benefit from travel holdings. not only do you have exposure to cruise lines and air fare, but you have a diversified experience with booking holdings and that sort of preference versus sticking with one particular industry, particularly the cruise industry, which i think is going to be a little more challenged for a while. >> so, pete that beach scenery you've got behind you getting a lot of attention you also recently bought delta calls. >> yeah, i did we've seen a lot more activity coming into the airlines industry we're seeing upside call buying

here to help break down the ed hadlines, we welcome bob pisani, seema mody, and ceo of destination wealth for big tech the ftc's antitrust complaint against facebook and the entire case brought against 48 attorneys general dismissed by the court ruling, failing to prove facebook's monopoly power. that news sent surging yesterday, propelled facebook above $30 trillion for the first time it isn't the end of the ftc's case bob pisani, i'll start with you. thoughts on the implications of this ruling. >> there has been a problem for years defining what a monopoly is in the modern age it's not like the old age. remember standard oil? remember at&t? you had a company, they gained control of a particular commodity and started raising the prices number one, social networking, they don't have a monopoly they don't control the entire business and number two, nobody's raising prices even with amazon, for example, not only are they not raising prices with 50% of the retail, they're driving prices down. so, people have been trying to redefine what a monopoly is. and obviously in this particular case, t

. ♪ ♪ >>> i'm seema mody here is your cnbc news update at this hour. >>> the wife of mexican drug kingo has pled guilty to drug charges she also admitted she helped her husband's multi-billion dollar drug empire. >>> the fda extending the shelf life of johnson & johnson's covid vaccine from three to four-and-a-half months the move will be welcome news to health officials in ohio and other states where hundreds of thousands of doses were nearing their separation date. >>> president biden and uk prime minister johnson meeting for the first time ahead of the g-7 summit and seeking to highlight the special relationship between their two nations. full coverage of their meeting and what biden hopes to achieve at the g7 meeting tonight on "the news with shepard smith." >>> in france, a slap is apparently worth four months in jail that's the sentence handed down to the man who slapped french president emmanuel macron in the face the 28 year old has acknowledged he struck macron, but says it was not premeditated quite the video, scott back to you. >> okay. thanks for that, seema mody. >>> pete

they've done a great job seema, before we cut to the chase, loyalty holdings, the lgbtq group, has real powerhouses behind them. congressman barnie frank, for example, martina nav ratlova. ey will put emphasis behind it i think we will see traction for sure >> bob, the intersection of social governance, gender equality and matching that with the ry much. talk to us about the approach. >> the approh is simple. when we used a preferencindex which really takes into consideration e feedback from the community, we introduced the esg overlays from the u.n. and to the extend that you have an index that reflects values and esg simultaneously, it is important i think that this etf essence found its way into the marketplace. >> yeah, and clearly there's a lot of demand for these pe of products in the market bob and tom, thank you for joining us stay tuned for more "etf edge. we will dive deeper into the new fundthe sky high surge in commodity prices and why gold is ttg the rally out this year. that's online. "halftime" is back in two minutes. ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ (vo) this is more t

testing positive they're isolating and the cruise line is currently conducting contact tracing. >> seemademic has taken a toll on companies from coast to coast, as it turns out, small businesses owned by women have been hit harder than ones owned by men that's according to a report just out from the u.s. chamber of commerce. tonight, our american comeback series takes us to northbrook, illinois we spoke with three women entrepreneurs there, whose businesses were struggling mightily after covid crushed the economy. finding creative ways to now they're adapting, an finding creative ways to get back on track. cnbc's andrea day with their stories of their american comeback >> the one word that best describes this year is chaotic. >> for me, it's roller coaster. >> for me, it's resilience. >> one town and three small businesses finally making a comeback >> i started this business, and it's everything to me. everythi. but when covid >> reporter: but when covid hit, leanne kurtzweil's boutique salt fitness was nose diving. >> overnight, it was gone. >> with no virtual program in place. >> we ve

david, back to you >> thank you, rahel. >>> now down to our seema mody on board the "celebrity edge"lusive sitdown with richard fain, ceo of royal caribbean. thank you for your time today. >> thank you for having me let's just talk about this moment a 15-month shutdown, fighting with the cdc, political backlash, a lawsuit from the governor down here in florida, and here we are, about to set sail on the first ship since covid began. how does this feel right now >> oh, wow 15 months we've been waiting for this moment. i don't know how to describe it. i will tell you, up be, when i came on yesterday and i was greeted by one of our crew members, he said, i feel like i have come home the vibe is throughout the ship. we are so excited. we've waited so long for this moment it's here and it's magnificent. >> let's talk about the "celebrity edge," the ship we're on all crew are vaccinated, almost all crew are vaccinated with the exception of two adults and 24 kids how do you manage a ship and make sure those unvaccinated passengers don't present a risk? >> fortunately, when you get to a very

. >> crowdstrike's earnings also crossing seema mody has those numbers for us seema. >> hey, wilfred.urning positive in after hours after delivering a stronger-than-expected q1 report 10-cent profit versus the estimate of 6 cents. $303 million on sales, which is higher than what analysts were expecting. q2 guidance, f ul year guidance both well above expectations and wall street has been warming up to the stock one calling crowdstrike its top pick citing the hybrid workplace, increasing the need to keep employees and companies safe you're seeing the stock move on this report, up nearly 3% in extended trade sara. >> another beat. thank you very much. seema moda thanks to stephanie link and ryan grace for joining us. >>> let's talk more lulu the ceo calvin mcdonald joins us right now fresh off of those results ahead of his call. calvin, it's good to see you and good to talk to you. there was some worry that the athleisure trend would not be as strong as people were leaving the house and going back to work and getting dressed up again you just put up a really strong set of results what a

. >> morgan, speaking of which our seema mody has more on amc >> good morning.ares of amc putting the market cap at nearly $27 billion that makes the theater chain larger than 40% of all companies in the s&p 500 including big names like united airlines, kellogg and clorox a number of stock sales announced. roughly 20 million shares and two separate deals further diluting existing shareholders adam aaron continues to defend it on twitter and in his conversation last night with tray collins >> if you are -- with the tool to go find value creating opportunities, we can do that. if we're not armed with this tool, then you're tieg our hands behind your back and you'll make it that much harder for us to land some of these attractive opportunities. >> just to put the stock sales into perspective from january to may amc raised about $1.6 billion short interest, something we've talking about in amc has risen to 21% from around 18% or 19% in previous sessions. short interest in amc's high but not as high as some of the other names like bed bath beyond, workhorse around 30

caribbean "celebrity edge" will be the first to set sail from an american port in more than 15 months seemaber we saved this shot for you. i'm at the highest point of the "celebrity edge. roughly 1200 passengers will come on board, nearly all vaccinated for those who are not, they'll be subject to certain restrictions and costs associated with testing. this comes one day at two kids tested positive on another ship. the ceo is saying it's unrealistic to think that ships will be is100% covid-free. >> i think it's important to make sure they don't become an outbreak. >> reporter: they're pulling out all the stops for this historic moment guys, back to you. >> seema, thanks very much nice moves for those stocks. >> nice "titanic" shot for her. >> my heart will go on. >> we have news on the ppp program. kate rogers has that for us. >> hey, wilf, the federal reserve out with a release, saying it will extend for a final time the ppp-lf, by an additional month to july 30th. the extension here will allow for banks, cdfis and other financial institutions to pledge the facility, the ppp loans approved

>> i did not >>> seema mody. >> hey, david, the white house says today, if as expected, the senate fails a sweeping voting rights bill when considered tomorrow, it will prompt what jen psaki calls a new conversation about the filibuster, and hours after the new iran's president says he does not want to meet with president biden, the white house says biden has no plans to meet with him while there's still hopes of a revival of nuclear details with iran dilgts aged 18 to 39 have the lower rate of -- safety and efficacy are the most common concerns. >>> for the first time since the pandemic began, new orleans is lay lowing traditional second line parades thousands gathered to pay tribute to fathers who have died in covid in anaverage year there's 800 second lines in the streets. >> that's good video seema, thank you just unit 30 minutes to go before the close the market is higher the dow is up limb 2% and nasdaq lagging, but still a pretty strong day. up next, francisco blanch y0u9 lines the key drives. >> june is pride month, and we are spotlighting contributors, business leaders, here's c

thankfully they're asymptomatic. >> seema, thank you very much.w much equity u.s. homeowners amassed in a year of rising prices. it's a number you have to hear to believe it. that's next. stay tuned, you're watching quk x"ndhiisnbc. so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪ >>> welcome back to "squawk box. homeowners getting a lot richer. diana olick joining us with truly eye popping numbers this morning. diana. >> reporter: good morning, andrew pretty impressive. homeowners with mortgages, which is about 60% of all properties, saw their equity jump by 20% in the first quarter of this year from a year ago that's according to core logic. that's a collective cash gain of close to $2 trillion break it down per borrower, the average gain $33,400

things haven't gone as well for those invested in chinese stocks seema? >>> fund managers often say it is best to diversify your portfolio but sticking with stocks in the u.s. has worked really well for global markets the s&p 500 is leading global markets in 2021 followed by europe up 13%. brazil, a standout, helped by higher oil prices up 7% this year china, as you can see, underperforming this year. only up around 3%. there are those concerns around the delta variant, higher raw material costs plus beijing's crackdown on tech. check this out the biggest names in chinese tech, alibaba, jd.com down from their respective highs the sell-off started last year alibaba quieted by the chinese government and a company forced to pull a record $37 billion ipo in november that is one of the reasons more chinese companies have pursued ipos outside of the mainland despite rising trade tensions fearly 30 companies from china had gone public here, a new record with an average first-day gain of 38%. kelly? >> it's a good reminder. and, by the way, this seems to be the t

it's down almost 10% on the week over to seema for the news update >> 22 state attorneys general areg the u.s. supreme court to uphold the cdc moratorium on residential evictions. the ban is set to expeer ire ate end of the month weather forecast calling for temperatures to soar across the southwest next week. the heat wave is expected to worsen throughout many areas with some farmers fearing their fields will dry up without rain. >>> on the news tonight, report on the water shortage from a california reservoir and the impact on small farmers. >>> also in california, 15 people are about to get $50,000 richer the governor is getting ready the announce more winners of the vax for the wicn give away. vaccinations are up 13%. back to you. >> thank you >>> a new bill has big implications for tech and dj set 's drop a new single it coming up in rapid fire right after this this is worth. that takes wealth. but this is worth. and that - that's actually worth more than you think. don't open that. wealth is important, and we can help you build it. but it's what you do with it, that makes life

back to you. >> seema, thanks for that. mike, in meme stock world today, quite a lot of selling and steady throughout the session and getting worse for the likes of gamestop. down 30% now >> obviously it requires waves and waves of new money to keep these things going most of the stocks that moved a lot on these stories have not been genuine short squeezes where there legitimately were shorts forced to be big buyers in these names just because the buyers were swamping the short positions all along. so it's not so much the intensity of the chatter and even the options trading was not yet matching what was in january. obviously they're still dealing with being up dig from a few weeks ago or even more recently, but pretty steady give-back today. by the way, you have these big movers up on earnings today, like signet, like rh stuff is moving on its own merits as opposed to just because someone said something online. >> stephanie, i want to get your thoughts on the fact we're seeing pressure on some of these names as of recently

of 11.5 million new shares in mere hours yesterday but that's not the wildest number coming to amc seemay has that story. >> amc is capitalizing on the enthusiasm with stock sales this week selling $230 million worth of stock and then another 11 million shares of common stock to the market amounting to $580 million. before this week amc raised $1.6 billion january tomato pay down the debt at around $5 billion. but these stock sales come at a cost 80% of the total stock is issued over the last 12 months. and ceo adam aron says more sales could be in the cards and asking shareholders to approve a proposal to issue more shares but not this year. >> if the shareholders approve a new 25 million share tranche, theoretically we could use them quickly in 2022 or use them spread out over a long period of time we would only use them if there's good opportunities for amc. >> that's aron with youtube permit trey collins followed by meme traders aron tried to embrace the younger retail audience that helped them stay afloat and for how long >> the way this used to work, the way this works, the way whe

coming up, seema shah, principal global investors chief strategist.or our audience worldwide, heard on radio, seen on tv, this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. president biden reportedly is planning an executive order that would rein in the power of big business. according to "the wall street journal," it would order regulators to toughen up oversight on a small number of companies. the action would most likely be challenged in court. a divided u.s. supreme court has refused to lift the federal moratorium on evictions during the pandemic. that will leave the ban in place until the end of july. the vote was 5-4. justice is rejected because by landlords and the real estate association to block the moratorium. the plaintiffs argued that the cdc exceeded its authority by imposing the ban. a big foul up in vote counting in the race for mayor of new york city. the city board of elections took down previously reported results and the democratic primary after mistakenly counting test ballots. that produced about 135,000 dumm

morgan. >> seema mody, that is a goo tee up for the next guest.ore regulation those discussions are starting to happen. we have executive director of the millikin institute center, former s.e.c.commissioner and acting chair as well thanks for being with us this morning! thank you, morgan, it's so great to see all of you on the floor of the stock exchange. nature is, in fact, healing. >> yes, and it is great to be here i must say so there are many moving parts to this discussion we're having whether it's amc over the last couple of weeks. i would also put gamestop yaer t -- earlier this year in a similar bucket, and archegos, shining a light around issues of market structure, is that the likely area you could see changes when it comes to regulation. >> yes, in fact, that's one area the s.e.c. is going to be focused on, one is on market structure. the other would be on the investor protection side, so let's start with market structure, right, the s.e.c.'s, you know, in the case of think of things like gamestop and amc, they are concerned about sort

active capital gains tax hike we'll look at fall out for investors especially those in crypto seem a seema has numbers for us >> taking up in the month of may. good afternoon here is where we stand three hours left in trade. first trading day of june. you can see stocks are off the highs of the session but what is getting a lot of attention is the mood we're seeing in the oil market highest level since 2018 optimism building around the summer driving season. u.s. gasoline, demand jumping nearly 10% on sunday the highest since summer of 2019 that's prompted the big move that we have seen in the oil producers and refiners marathon oil, devon energy up double digits now. nearly 13% what's also working today for the bulls, goldman sachs, jpmorgan goldman sachs, best performing stock on the dow the stock is up big. up about 24% it is worth noting the company has struggled with competition from amazon to google and prior to this deal being announced it was trading below its ipo price. the big winner here, carl icon owns about 18% >> it's first day of june. it's going been calmer few weeks for th

seema yasmine. no approval expected before the new school year starts.rying to figure out how many children do we need in these trials or what other data we need to make the decision. walk through how it will play out. >> that's exactly right, john, today's marathon meeting isn't about specific vaccine or approval for the expanded moderna vaccine for younger kids. what they are talking about today is the nitty-gritty, doing clinical trials in children as young as 5 or even as young as 6 months of age. these trials have anywhere from 500 to about 3,500 children, and so they're going to be talking about exactly this, how many six month olds or how many 5-year-olds would you need to involve in the clinical trial to approve a covid vaccine, how efficacious would have the vaccine have to be, what do i have data should the companies like moderna or pfizer be submitting, that's what they're discussing from the expanded emergency use authorization for the moderna vaccine of 12 to 17-year-olds. >> as a parent of an almost 10-year-old i'm anxious to hear the resul

seema yasmin, director of the stanford health -- and a professor at the stanford university departmentcine. her eis assignment was with the state of arizona. the panel has been organized to include alumni from different decades, professional categories, eis positions and other elements to reflect the broad diversity of our officers. our panel includes dr. ken castro, a former division director at the cdc, and he also serves as an advisor for usaid. next is dr. sue chu, a senior epidemiologist. sue was at the division of reproductive health. dr. jennifer mcquiston is a veterinarian. and currently serving as the deputy manager for cdc's response. and dr. lynn paxton it is a physician and has held multiple leadership positions at the cdc until retirement. she is currently the fulton county district health director. and representative sara rodriguez is a nurse and currently serving as the wisconsin state representative. after eis, she served in multiple roles, including as the health director at the state of colorado. she served in oklahoma for eis. we hope you enjoy this panel of alumni.

ashford hospitality shares up 130% in the past month we're focusing there let's get over to seema mody ashford hospitality rob hayes joins us now thank you for joining us call it a comeback, six montmonths ago, your company was on the verge of bankruptcy, riding this wave of investor enthusiasm. you have raised nearly a hundred million dollars so far through stock sales this year. would you say that this new investor has been a lifeline for your company >> it's changed the game as early as october 30th, we had an equity market cap at ashford trust of about $15 million, and now have an equity cap over a billion, and largely due to the participation of these retail shareholders it's a game changer for us, and it gives us the opportunity to maybe do things at a pace that we never anticipated doing, and we're grateful for it. it's not what we expected to be at this point in this recovery >> what exactly do you plan to do with this new investor enthusiasm you have raise d a lot of money do you plan to use that to bring down your extremely high debt levels, nearly $4 billion. do you think th

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