. ♪♪ our oh see k in the usa stuart: john mellencamp at the new york stock exchange.ve got a big show for you. it is friday after all. look at our 11:00 hour, jesse waters will be joining us, his book how i saved the world, it is top of the new york times bestseller list and jesse will grace us with his presence at 11:00 this morning. this is a very important

that basically maybe d d a should have waited a bit longer before the sheriff's here at the new york stock exchange because that's at least what i'm hearing, the chinese government is not really happy with chinese companies being listed on us exchanges because then they also have to follow us regulation. so us regulators actually, at least from us law, they have the right to to look a bit deeper into the books of those chinese companies that are traded at the us exchanges. so that's really what seems to be behind the latest move. so what's been the knock on effect of the chinese firms on the new york exchange? well, what is true for a d d might be true for a lot of mother chinese companies as well, which are traded at the u. x exchange is some and that has been a pretty hot deal recently just so far. this year we had $35.00 chinese companies said joining us market since 2012 chinese type of companies have raised about $75000000000.00 on wall street. so we're really talking a lot of money, but as i mentioned, so us regulation, say, if you don't comply with us regulations, meaning that us regulators

automaker holley begins trading on the new york stock exchange.e will speak to the ceo about going public, tom tomlinson. later this hour, we will speak to the department chair at the smithsonian national air and space museum about jeff bezos' trip to space and the future of space travel, as well as the future of the industry, which everyone wants a piece of right now. let's take a look at what is happening in the markets. this selloff is a little unusual in that we are seeing drops of about 2% on the s&p, not like what we saw in europe this morning. we saw 3% drops there. may more concerns about the delta variant, continued lockdowns. the nasdaq down less, 1.5%, but still a substantial red arrow. the dollar gains as investors look to it for safety. new york crude down 7.3%. 66.50. perhaps expected after that agreement yesterday with opec and the uae on output. not only the barrels from august but also the higher baseline for the uae, russia, and the saudi's. take a look at rates. this is where it gets interesting. we have real yields down more th

diane king hall at the new york stock exchange.you. >>> so ahead the latest jeopardy guest host. how thousands of fans helped will he var burton land the gig. helped labar burton land the gig. of better breathing. is the sound fasenra is a different kind of asthma medication. it's not a steroid or inhaler. fasenra is an add-on treatment for asthma driven by eosinophils. it's one maintenance dose every 8 weeks. it helps prevent asthma attacks, improve breathing, and lower use of oral steroids. nearly 7 out of 10 adults with asthma may have elevated eosinophils. fasenra is designed to target and remove them. fasenra is not a rescue medication or for other eosinophilic conditions. fasenra may cause allergic reactions. get help right away if you have swelling of your face, mouth, and tongue, or trouble breathing. don't stop your asthma treatments unless your doctor tells you to. tell your doctor if you have a parasitic infection or your asthma worsens. headache and sore throat may occur. this is the sound of fasenra. ask your doctor ab

so if you want to attract a global audience, you want to be traded either on the new york stock exchange, or if not start, but at least on wall street. and that's what makes wall street so attractive. so that's where the money is. and by the way, we have seen the 1st, the consequences. now there was another chinese, i appeal a plan for this week, but that got pulled away because of the recent term. but it's really going to be interesting to see if the waters will get calmer, or if we might even see more pressure on these chinese stocks, instead of getting further than just the chinese pick firms, thanks for joining in for wall street. the united states covered restrictions could be putting european businesses at a disadvantage in the us, despite the rise of digital conferencing company pulses here, argue they still need to be able to travel. so after the vaccine rollout has gathered, pays and most developed economies giving reason to brussels, to lift travel restrictions for us citizens last month. but washington is yet to reciprocate you. citizens are still blocked from travel to the us

we speak to the president, tim mayopoulos, from the new york stock exchange. l.a.ounty tells residents they must wear masks indoors, even if vaccinated. why the u.s. remains a dangerous place for the unvaccinated. amanda: we are seeing a negative day across the markets here today. that is despite the fact that we got that strong read on retail sales. perhaps the michigan sentiment number weighing on things. this has been a week of up and down days as markets hover near records, waiting for the next few weeks a pretty big earnings delivery. there may be a bit of weight and see here. rate sensitive groups leading the declines. kind of quiet on the yield front. 1.29 now, so we did see it dip low 1.3. this comes even as we see some positive earnings reports. cash on balance sheets is up 14% in the second quarter, $2.13 trillion. some of the biggest stocks are leading the way in that increasing cash. that could bode well for what they will do with it. it is the retail sales data that we are getting a close look at here, what it may say about inflation, wages. so much pl

diane king hall is at the new york stock exchange with those stories and more. ane. >> good morning, anne-marie. jpmorgan chase and goldman sachs are set to be the first major companies to report second quarter results. stocks hit new records yesterday fueled by the prospect of strong earnings. the dow rallied 126 points, nasdaq gained 31 and s&p 500 added 15. >>> after an historic ride to space, the stock closed down 17% after the company announced plans to sell up to $500 million in shares. the timing of the proposed sale is unclear. the money would help fund several projects like developing the space ship fleet. it's already sold more than 600 reservations from would-be space tourists with tickets costing $250,000. >>> subway is out with the old and in with the new. the fast food restaurant is rolling out a new menu today which includes new or returning sandwiches to celebrate participating locations are giving out 1 million free subs from 10 a.m. to noon local time. the first 50 customers have to ask for a free suband they'll get a six inch turkey cali fresh

>> all right, diane king hall at the new york stock exchange.diane. >> you got it. >>> ahead, nba finals drama. the bucks even up the series 2-2. how a late turnover doomed the suns with less than one minute left in the game. left in the game. your mission: stand up to moderate to severe rheumatoid arthritis. and take. it. on... with rinvoq. rinvoq a once-daily pill can dramatically improve symptoms... rinvoq helps tame pain, stiffness, swelling. and for some, rinvoq can even significantly reduce ra fatigue. that's rinvoq relief. with ra, your overactive immune system attacks your joints. rinvoq regulates it to help stop the attack. rinvoq can lower your ability to fight infections, including tuberculosis. serious infections and blood clots, sometimes fatal, have occurred as have certain cancers, including lymphoma, and tears in the stomach or intestines, and changes in lab results. your doctor should monitor your bloodwork. tell your doctor about any infections... and if you are or may become pregnant while taking rinvoq. take on ra. talk to yo

exactly. >> diane king hall at the new york stock exchange.ou got it. >>> so up next, naomi osaka in the spotlight. the tennis champ's message as she accepts a top award at the espys last night. ts a top award espys last night. et boring brow, try new rachael ray® nutrish® big life™. ♪ ♪ ♪ new big life™ from nutrish®, with tender savory pieces and real veggies. give your dog a taste of the big life™. it's very common to have both sensitivity and gum issues. with tender savory pieces and real veggies. dentists and hygienists will want to recommend sensodyne sensitivity and gum. you get the sensitivity relief as well as improved gum health all in one. ♪ ♪ free to feel ♪ experience the perfectly balanced rich flavors of lindt excellence. by the lindt master chocolatier. ♪ >>> here's a look at the forecast in some cities around the country. ♪ >>> gets past him. inside for the slam! >> the bucks dominated the suns in game three of the nba finals last night. final score 120-100. giannis antetokounmpo led the way and had six assists. the suns still l

elise preston is at the new york stock exchange with that and more. ♪ >> reporter: markets are closed the long fourth of july holiday. wall street wrapped a record-setting week with room for optimism thanks in part to a better than expected jobs report. >>> the federal deficit is expected to hit $3 trillion a year according to the congressional budget officers. the debt is $130 billion less than it was last year during the height of the pandemic. the deficit is nearly three times what it was in 2019. this year's deficit is projected to be the second largest since 1945. >>> a ban on the boards. pinterest is banning allll weig loss ads on its platform. pinterest updated its s policy after lolooking at studies showg how much the pandemic impacted people with eating disorders. ads promoting fitness and healthy lifestyles will still be permitted. >>> how does make you feel when a chick-fil-a employee tells you "my pleasure"? those manners could be why the fast food chain leads in customer satisfaction according to a survey from the american customer satisfaction index. domino's, kfc, and s

new york historical society. >>> on the cbs "money watch," jobless claims fall to a new pandemic-era low, and swipe right. a popular dating app is opening a cafe. elise preston is new york stock exchangeood morning, elise. >> reporter: good morning, diane. this morning, investors will have their full attention on the labor department's june jobs report which will give a glimpse into the labor market's recovery. meantime, stocks kicked off the month higher. the dow rallied 131 points, the nasdaq added 18 points, and the s&p 500 was up 22 points marking a fourth consecutive record >>> the labor department's weekly jobless claims report reveals the number of americans jobls claims dropped by fell 51,000. the lowest level since the pandemic hit last year. now the drop was steeper than economists had expected. applications for unemployment benefits have now fallen in ten of the past 12 weeks. >>> robinhood filed for one of the most highly public offerings of the year. the stock trading app filed forms with the sec yesterday to go public. it's aiming for over $40 billion according to "reuters." it will trade under the ticker hood. the action comes as robinhood faces dozens of lawsuits and a

diane king hall is at the new york stock exchange with those stories and more.morning to you, diane. >> reporter: good monday morning some big compaarie.it's sping us quarterly report cards including apple, amazon, microsoft, exxonmobil, and tesla. all three major u.s. indices finished last weekend record highs. on friday the dow rallied 238 points, the nasdaq jumped 152, and the s&p 500 added 44. >>> a shortage of jet fuel is causing flight cancelations and delays at airports in the western u.s. the problem is being made worse due to a spike in fuel needed by aircraft fighting wildfires, supply chain issues and a shortage of tanker truck drivers. problems are reported at airports in boseman, montana, and fresno, california. authorities in nevada say cargo and passenger flights could be canceled at reno-tahoe international airport. >>> more people are saying "i do" again in las vegas where the wedding business is reportedly booming. npr says sin city's $2 billion industry has rebounded in a big way since march when vaccines became widely available and casinos be

diane king hall is at the new york stock exchange with those stories and more., diane. >> reporter: good morning, anne-marie. let's start with a look at the labor market. there was a surprise increase in the number of americans filing for unemployment benefit. yesterday the labor department said 419,000 people filed new claims last week, that's the most in two months showing the economy's not out of the woods yet. >>> on wall street, the dow gained 25 points, the nasdaq was up 52, and the s&p 500 added 8. >>> thousands of major websites are back on line this morning after a widespread outage. the glitch took down nearly 24,000 websites yesterday including big companies like fedex, amazon, and google. the interruption lasted a few minutes for some up to a few hours for others. it was triggered by a host of websites network platform. the company told cbs news it installed a six and not the result of a cyberattack. >>> for $20 you can see some of the biggest performers. livenation is offering $20 all-in tickets to nearly 1,000 upcoming concerts including the jonas

diane king hall is at the new york stock exchange with those stories and more.rning, diane. >> reporter: good morning, anne-marie. stock futures are pointing to a mixed open following a mixed finish during yesterday's session. investors grew more concerned over the state of the u.s. recovery. the dow rose 53 points. the nasdaq dropped 101, and the s&p 500 fell 14. >>> a federal regulator wants to take amazon to court. the consumer product safety commission has sued the e-commerce giant for not recalling hazardous products sold on its website. items include flammable children's pajamas and faulty carbon monoxide detectors. in a statement, amazon said it's already removed a vast majority of unsafe merchandise, notified customers, gave refunds, and asked shoppers to destroy the products. >>> the streaming wars are heating up, according to bloomberg. netflix will offer video games within the next year. it's hoping to add more subscribers to stay ahead of competitors including disney plus and amazon prime. netflix will reportedly not charge extra for the games. back

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so if you want to attract a global audience, you want to be traded either on the new york stock exchange or not, but, but at least on wall street, then that's what makes wall street so attractive. so that's where the money is. and by the way, we have seen the 1st the consequences. now there was another chinese ip plan for this week, but that got pulled away because of the recent term. but it's really going to be interesting to see if the waters will get calmer. or if we might even see more pressure on the chinese thought, instead of getting further than just the chinese pick, firms thanks for joining in for wall street the united states. coca restrictions could be putting european businesses at a disadvantage in the us, despite the rise of digital conferencing company pulses here, argue they still need to be able to travel. after the vaccine rollout has gathered, pays and most developed economies. giving reason to brussels, to lift travel restrictions for us citizens last month. but washington is yet to reciprocate you. citizens are still blocked from travel to the us. that has left york

diane king hall is at the new york stock exchange with those stories and more.-marie. this morning, investors will keep their eyes peeled for more corporate earnings and another round of inflation data. meantime, the three major indices pulled back from record levels yesterday. the dow dropped 107 points, the nasdaq fell 55, and the s&p 500 lost 15. >>> if you received unemployment benefits last year, check your bank account. starting today the irs is sending another round of tax refunds to americans who may have overpaid taxes on those jobless benefits. up to 13 million people may qualify if they filed tax returns before mid-march of 2020. the irs says the average payment will be just over $1,200. >>> coca-cola is changing up a popular drink. the company is tweaking the recipe for coca-cola zero sugar so it tastes like the regular coke. the design is also getting a makeover with the can all red and the letters all black. customers will start seeing the product on shelves this month. full nationwide distribution begins in august. >>> and move over, rocky road. y

diane king hall is at the new york stock exchange with those stories and more.morning. wall street lost ground from record highs after drops in some big tech stocks including amazon and google's parent alphabet. but after the market closed, alphabet, microsoft, and apple all reported record quarterly earnings. the dow ultimately lost 85 points yesterday. the nasdaq slid 180, and the s&p 500 follow 20. >>> walmart says it will pick up the full tab for employees who want to further their careers. america's largest retailer will cover 100% of tuition and books at some schools for full and part-time workers enrolled in the company's college tuition program. those enrolled will no longer have to pay a $1-a-day tuition bill or pay for textbooks. more than 52,000 people have taken part in the program since it launched in 2018. >>> check your kitchen cabinet. mccormick and company is recalling three seasonings over possible salmonella contamination. so far no illnesses have been reported. the seasonings include perfect pinch italian, culinary italian, and frank's red ho

diane king hall is at the new york stock exchange with those stories and more.ne. >> reporter: good morning, anne-marie. well, earnings season is set to ramp up this week giving investors a bigger picture of the extent of the rebound in corporate profits. data on the housing market will also be in focus. meantime, stocks ended the week lower on friday. the dow slid 299 points. the nasdaq dropped 115, and the s&p 500 fell 32. >>> new polling data from cbs news reveals how americans are feeling about the country's economic outlook. data rd th 5 approf iddes handling of the economy. 60% said their own financial situation was good, although middle and higher income earners were more positive than those in households earning less than $50,000 a year. a lot of people report feeling the effects of inflation on basic goods and services. many americans from across income levels say they're paying more for things like gas, groceries, and electricity. >>> pandemic restrictions on cruises from florida will stay in place for now. a federal appeals court sided with the cdc ru

diane king hall is at the new york stock exchange with those stories and more.ning. >> reporter: good morning, anne-marie. let's start with an economic outlook. federal reserve chair jerome powell calmed the nerves of some investors worried about the economic recovery in the wake of surging coronavirus cases. yesterday powell said the contagious delta variant poses little threat to the economy as the fed left interest rates unchanged. markets were mixed, though. the dow lost 127 points. the nasdaq climbed 102. the s&p 500 shed less than a point. >>> some major companies are changing plans after the cdc updated its mask guidance. as mentioned earlier, apple will require shoppers and employees to wear masks in more than half of u.s. stores starting today. even those who are vaccinated. the affected locations are in high-risk areas or places with local or state mandates. google says its employees must be vaccinated if they are returning to the office. the company also extended its voluntary work-from-home policy through october 18th. and twitter is closing its offi

as long as we see this build in the coming months, i think the london stock exchange will be a powerful alternative to the new yorknge in the coming years when it comes to tech flirtations. russ shaw, great to have you on the programme. thank you. let's get some of the day's other news. korean electronics giant samsung estimates a more than 50 per cent rise in its operating profit for the quarter ending june, bolstered by a strong demand for seminconductor chips. samsung is one of the world's largest computer chipmakers, alongside intel and taiwan's tsmc. the uk government wanted the decision over whether greensill capital could take part in an emergency lending scheme to be prioritised, a watchdog said. the department for business showed an unusual level of interest in the finance firm's accreditation, according to the national audit office. the government said there was no suggestion ministers or officials made efforts to influence the decision. two of the world's biggest airlines will trial fast—track lanes at heathrow airport for fully—vaccinated arrivals. under the scheme passengers from some countries will b

and far as last week's listing on the new york stock exchange, that's katrina you reports from beijing. it's the latest in a series of similar moves from the chinese government. for millions of people in china, there's only one way to book a cab using the smartphone up known locally as dd. but the app has become the latest target of a chinese government crackdown or technology companies. the country cyberspace regulator says d. d violated personal data laws and chinese app stores has been ordered to remove it. the announcement came days after parent company dd global listed shares on the new york stock exchange. the 2nd largest initial public offering by a chinese company in the us. it's big, it's bigger than over. it's one of a dominant player, and it looks like the valuation that was placed on the company was reasonable. i think investors are a little worried about regulatory crackdowns. the company raised almost $4500000000.00 on wednesday. but the share price has since dropped didi operates in china. and in more than 15 other countries existing uses can continue to use the app. so

what's interesting, i called the new york stock exchange and told them about the transaction i didn'ttructure, described it it's their rules, not s.e.c. rules, and the new york stock exchange i would say, up until thursday was extremely supportive of this transaction they understood the structure, liked our spark structure, which was a warrant issued to our shareholders the only discusses appointment is it wouldn't initially be listed on the exchange from the first week when we realized we had to this is a stock perform transaction, they reviewed the rules, and rules give -- spacs don't have to do merger they can do asset purchases, stock purchases, and we're not the first spac to buy a minority interest in a private company and distribute it to shareholders there are other examples that gave us confidence. it's a very large spac i would say the s.e.c. is carefully scrutinizing every spac transaction, and i think they should, though i would argue the reason why they should -- many spacs have crazy valuations, sponsors putting up numbers, and a lot of retail investors pile in, the stoc

f45 made its debut today on the new york stock exchange.nd ceo adam gilchrist is with us now. let's start with the way this came to market and the timing. you are coming by way of a combination of a spac that was called back in the fall, came back as an ipo. does the market seem more receptive to you now? adam: we looked at the spac opportunity and decided to move ahead with the transaction group that enabled us to strengthen the balance sheet. a traditional ipo was always our preference. we are thrilled to be here today listing the company. kailey: you had first filed for an ipo in january, the spac deal called off in october, about times at which the pandemic was an issue when we saw gyms shut down. now that they are back open, what is the demand recovery for f45? are people coming in or do they want to stay at home? adam: that is one of the most important questions you can ask. we are seeing the bounce back stronger than pre-covid numbers. the way we measure that is by visitation. our visitation is over 2.65 times a week, which is a grea

company to take down its app in china, citing data protection consent video listed on the new york stock exchange. last week jo manufacturers are dropping order. they may as a result of weak foreign demand. if l 3.7 percent more than forecast, germany is economy mis ministry blames the slump on low export about the car. okay, it is accelerating a phenomenon that's been in the making for a while. re shoring, as opposed to off shoring. many companies of bringing home parts of their industrial production to become less dependent on foreign supplies. it's that to create thousands of new jobs and friends. this mid sized company began shifting its production away from boilers using conventional fuel to energy saving heat pump. a few years ago to achieve this, the french room has been bringing parts of its production capacity back from eastern europe. i don't know this, she did all okay. we'll be storing the action of enamel the tongues because they are strategic element of our a heat pump that helps us protect our innovations. plus, we are reducing our overall production costs through optimization and

diane king hall at the new york stock exchange.you so much. >> thank you. >>> so ahead, home sweet home. why a couple decided to renovate an old school bus and then move in. i'm jimmy dean and ah you can still have a good breakfast in these busy times. and this is the way you do it. put it in the skillet and cook it. isn't that simple? we hope you'll gather around the table and include jimmy dean. why hide your skin if dupixent has your moderate-to-severe eczema or atopic dermatitis under control? hide my skin? not me. by hitting eczema where it counts, dupixent helps heal your skin from within, keeping you one step ahead of eczema. and that means long-lasting clearer skin... and fast itch relief for adults. hide my skin? not me. by helping to control eczema with dupixent, you can show more with less eczema. don't use if you're allergic to dupixent. serious allergic reactions can occur including anaphylaxis, which is severe. tell your doctor about new or worsening eye problems, such as eye pain or vision changes, or a parasitic inf

street is that basically maybe d d a sort of waited a bit longer before the shares here at the new york stock exchange because that's at least what i'm hearing. the chinese government is not really happy with chinese companies being listed on us exchanges because then they also have to follow us regulations or us regulators actually, at least from us law. they have the right to, to look a bit deeper into the books of those chinese companies that are traded at the us exchanges. so that's really what seems to be behind the latest move. so what's been the knock on effects of the chinese firms on the new york exchange world? what is true for d, d might be true for a lot of mother chinese companies as well, which are traded at the u. x exchange in some and that has been a pretty hot deal recently just so far this year we had 35 chinese companies said joining us market since 2012 chinese type of companies have raised about 75 $1000000000.00 on wall street. so we're really talking a lot of money, but as i mentioned, so us regulation, say, if you don't comply with us regulations, meaning that us regulators ca

chinese right healing app, misled us investors ahead of its initial public offering on the new york stock exchange. last week did. he's been at the center of a fell off since apples taken down by beijing as part of the regulatory crackdown. stock fell another 6 percent on thursday. did he says it wasn't aware of beijing's plans for more. let's bring in our financial correspondent conrad, those in here. conrad, let's put this into perspective. a chinese rate, right. healing up and he goes public in the u. s. evaluation of more than $70000000000.00, then the chinese government steps and puts the break on it all. it's no wonder that investors feel misled. isn't it? absolutely, absolutely no surprise chris. the chinese government had nothing against this. i. p . o. in the 1st place, it had nothing against this value f. ation of $73000000000.00 us dollars at the 1st public offering on nasdaq, it had nothing against american another international investors to spend their money on d d. but then the government infringing says, we're pulling house, we're prohibiting p d from selling it's app on the stores.

new york stock exchange also down. in the last hour the american academy of pediatrics opening schools in the fall. everyone over the age of two should wear masks regardless of vaccination status. plus, this morning, the new olympic hurdle and a troubling dose of reality with this virus. in the last couple hours we learned that a teammate of team usa's winning team tested positive for covid. also coco gauff will have to sit out after testing positive. and even though this is all happening at seas, we're watching a resurgence in covid cases and hospitalizations as well. right now the sickest patients are almost all unvaccinated. we start with gabe gutierrez. >> good morning. florida now accounts for 20% of all new covid cases in the u.s. and this hospital in jacksonville is now one of the many scrambling to keep up as the cdc director points out this is becoming a pandemic of the unvaccinated. this morning a troubling sense of covid deja vu. many hospitals are seeing younger and sicker patients. >> we'roverwhelming numb

. >>> looking at the new york stock exchange, we are up about 200 points. again in about 20 minutes [ music ] >>> okay, one of the greatest voices of all time being reimagined this morning, where you can buy tickets to see the legendary whitney houston. >>ish. >> this is a tease but we all know she is not with us. but you can see her music. >>> let's look at what is going on in santa cruz. it is cloudy this morning but this will be one of the brighter areas on the coast today. let's talk about the other activities . if you are exercising, the pavement will be hot, especially inland. try to keep your pets off that. if you will be running errands on either side of the bay, there will be a spread from 60s at the coast to 90s inland. we have a small craft advisory. through the evening hours, golden gate bridge all the way to the inland neighborhood. 55 there, west wind at 13. pollen and mold spores and uv index, the same as it has been all week. no change through the weekend. we are seeing a lot of sunshine, temperatures in the mid-50s to near 60. elsewhere, 40

. >>> here is the big board with the new york stock exchange. ust slightly up another update on how they are doing up next. >>> the court battle for brittany spears with a major new twist. one side that was say they are giving up. >>> here is san mateo bridge. we are seeing a little bit of sunshine breaking through the cloud cover on the peninsula and we are going to have holiday delays on the roads watch out for that date are on. we have some drizzle this morning, so if you are at a mass transit stop, it will be a little down. we have the breeze from the golden gate through the delta, making things a little dicey. there will be choppy waters. it will remain good tomorrow, which is healthy for all of us through sunday. temperatures are around 54 to 56 degrees with measurable drizzle. it is already falling in san francisco and you can see we have 56 in coma and saratoga and tracy. 60 in livermore. here is a look at the cloud cover in san jose. 101 right here. there are no changes through 7:00. you might see a change bike 9:00 when we round out the

all exchanges, the new york stock exchange, ltse, the nasdaq all work by having member firms. ltse stocks can be accessed in the same way that they access nyse and nasdaq stocks >> let's say a stock is only listed on your exchange. can they go on robinhood and bip the stock? >> absolutely. >> sorry for the misunderstanding >> you're right that access to investment opportunities by retail investors has been declining. the total number has declined a lot in the last 25 years and so one of the trends that we think is really important is to bring more investment opportunities to the public markets so that people can be investing for the long term. people are investing for their retirement, endowments, and these are long-term actors putting them at the center of our markets wouldn't be such a bad idea. >> no question a foebl goal you have you are working in this climate that doesn't foster that are you talking to regulators, trying to change that part of the equation so the companies are allowed then to actually think long term and act long term at the same time? >> yeah. i first wr

the announcement came after listing shares on the new york stock exchange, the second largest ever. >> it is big, it's bigger than uber. it's a dominant player. it looks like the valuation that was placed on the company was reasonable, i think investors are worried. reporter: the company raise money, but the share price has dropped. didi operates in china and 15 other countries. existing users can continue to use the app so far. beijing has been clamping down on technology companies over antitrust and data security concerns. less effective are -- last october, they did it to and financial. in april, the parent company alibaba was find $2.8 billion for antitrust violations. the moves have been seen as the chinese government sever to reign in power and of one's of founder jack mark, who openly criticized beijing, describing them as restrictive. the afterburner has retired from running the companies he started and for months has practically disappeared from public. the crackdowns follow a period of unfettered growth of the industry, and it has investors increasingly worried about the ris

he is jim cramer we are at the new york stock exchange carl has the morning off let's give you a lookt futures. getting ready to start trading for this week. you can see, i don't know, i can't make sense of that, nothing. right? >> no. >> that says nothing let's get to the road map because that says a lot more we start with the china crackdown. shares of ridehailing giant didi are tumbling ahead of the open, less than one week after, of course, the chinese ridehailing app listed on the new york stock exchange >>> oil prices are rising to six-year highs, this after opec and talks there yield no production deal. >>> and once again, we're keeping an eye on shares of amc. they're rallying the movie theater chain saying it's not going to seek approval from shareholders to boost its shares outstanding being able to potentially issue more >>> let's start, though, with china and that crackdown overall from the government. shares of didi, remember, went public at 14 and up from there, only to go down friday's session. now, it's going to be down sharply, jim this on news, of course, of a nation

to be on the stock exchange, new york stock exchange the first private aviation company ever to be publiclyd for our industry. we're looking to democratize private aviation and through technology we're going to be one of the great marketplace companies ever built. ashley: what was business like for you, kenny, during the pandemic and how is it now? >> well during the pandemic, the first 30, 45 days in the united states, things were shutdown. business fell off but then quickly picked backup into the summer of 2020. we partnered up with delta airlines, we did a deal with ed bastian pre-crisis where we took in delta private jet and that gave us access to all of the delta folks that are first class and business class and their business clients and really what we saw was the experience economy really kicking in, that people didn't want to stay home, they wanted to fly safely, and in many cases , older folk and immuno compromised and people that just needed and had essential travel, we were able to deliver that all the way through the crisis culminating with the first quarter where we had 68% rev

i'm david faber along with leslie picker and mike santoli we are live from the new york stock exchangeim and carl both have the morning off. let's give you a look at futures as we get ready to wrap up the trading week you can see we are set up for a higher open. and our road map this morning, well, it starts with a word of caution from the treasury secretary. why janet yellen said we'll see several more months of rapid inflation. >>> intel is in talks to buy chip maker global foundries for $30 million in what would be the company's largest acquisition. >>> plus, mask mandate, l.a. county requiring all individuals vaccinated or not to put their masks back on inside >>> we'll start off with the market markets themselves i'm glad to have both of you along for the ride this morning. mike, i'd love to start with you. i had a couple of conversations this morning with people who at least are still around to actually have conversations with perhaps a bit more pain in the underlying market than seemed to be the case sort of at some of the big names that we look at, or even the broader indexes.

we've got bob pisani at the new york stock exchange to explain hey, bob. >> hello, tyler. are you confused yet what happened to all the worries about the covid variants oh, that's so yesterday. don't worry, folks, wall street has an explanation for everything the comments i'm hearing from some of the trading desks about why we're having such a big reversal today some people are worrying well, you know there's an asset allocation program going on. we're buying stocks and selling bonds. then i hear, you know, bob, there's heavily oversold conditions out there in small cap stocks and travel and leisure stocks and industrials because of that we've got a lot of people going out and buying the dip. pick one of these, folks, and you're just as didn't as all the other ones take a look at all of the reopening stocks all of them yesterday down 4, 5, 6% guess what, they're all up 4, 5 or 6% today. how about the anks remember yesterday all those big superregional banks like zions were down 3, 4, 5% they're all up 3, 4 or 5% today. how about industrials? remember yesterday ge, textron

i'm carl quintanilla with david faber and leslie picker at post nine of the new york stock exchange morganidday. >> quite a bit of news for a wednesday. 30 minutes into the trading session. here are the three big movers we are watching today starting with apple. notching a new record high at the open, new reports saying the company is asking suppliers to bu build as many 90 million next generation iphones, as much as a 20% increase over 2020 levels. peloton getting downgraded to neutral from outperform at web bush that stock is down more than 20% year to date and we'll end with lululemon, a boost from goldman, a buy rating, saying that post covid recovery period has been favorable for apparel and strong brands we can assume spandex is in there as well. >> it is also day two of bank earnings we have city, bank of america, wells fargo all reporting. wilfred frost has them all for us. >> bank of america is trading, extending its losses, revenues slightly missed estimates, eps did beat, but flatted by one off tax benefit. investors were focusing on expenses, $15 billion compared to forecast of

it did notrade on the new york stock exchange.closed, people said, oh, isn't it great, that dean singleton is a private company, he doesn't have shareholders, he doesn't have wall street, that's why he won. and that may well be true. but it didn't take very long for us to see the downside of that situation. and that's what's playing out today. i can cut costs with the best of them. i've got a lifelong reputation for cutting costs. for most of my career, i cut more than anybody did. i bought a lot of money-losing newspapers in my career, and had to put them together with other newspapers. and we had to cut a lot of cost. and we laid off a lot of people. and so i was the villain. (printing press sounds) newspapers are a business. the newsroom hated to hear this, but consistently 57% of our readership read us for the ads. when the revenue picture of newspapers started to decline rapidly, we knew that you really couldn't have debt. we had debt. so you couldn't have debt and fight the battle. as he cut and did efficiencies, and was for

i'm david faber along with jim cross-cl cramer, and we're live from the new york stock exchange. carl has the morning off let's give you a look at futures as we get ready to start trading here at the nyc 30 minutes from now. we're set up for what will be a sharply lower open that of course is where you'd expect our road map would start. riskoff this morning stocks are going to open lower this of course is the spread and the rapid spread of the delta variant rattles investors. >> that's what it is >> we're also preparing for a post-pandemic world, and zoom, well, it's doing the same making its first multibillion dollar acquisition. it is the second largest american technology deal of the year plus, there are a lot of concerns about covid misinformation on social media the president says social media is, quote, killing people. facebook for its part is fighting back. all right, jim, let's talk about the market itself. of course our viewers just saw where we may open just a half hour from now, going to be lower. somewhat substantially lower it does appear because the delta variant is

at the new york stock exchange, i'm diane king hall. >>> in florida a judge has blocked a law.the law was due to go into effect today. >>> the search is on to find a mountain lion spotted in a petaluma neighborhood. >> it went right no one couple's backyard. the security camera captured it roaming around. that's a big cat. it was last seen around hayes lane. officials said this is not uncommon. if you happen to see the mountain lion, do not approach it. call police and go indoors. >> you're right. that's a big cat for sure. >> that is a big cat. we want to get a check on weather and traffic. gianna, how are the roads looking? >> actually we'll go to darren first. >> i'll go first then. let's take a look at the marine layer. they got pretty much of the bay area socked in but if you take a look at some of the inland locations, you will not see a whole lot of clouds. as things progress the clouds will burn back to the golden gate. if you're at water or the golden gate, you'll see a gray day that stays persist stant. persistent. we'll get a cool down. low to mid-vest of the. 70 for

. >>> you are looking live at the big board at the new york stock exchange. >>> plus, going behind thertains of the life of the late chef turned travel guide, anthony bourdain. this morning, some are saying that the new documentary went too far. start some maps and show you hercules. the good news is this crash has cleared. you can still see the sensors, yellow and red in the area. patchy traffic because of that backup. this is a look at the camera from caltrans, the right- hand side of the screen is the westbound traffic. it is moving again but you can see it is busy. then, i want to take you to the toll plaza because it is so light here. i wanted to bring you this beautiful image for anyone that needs that from the east bay into san francisco this morning. >>> we will talk about the commute from the weather perspective. there was a little bit of drizzle this morning. other than that, it will be calm if you are out on the bay. a little bit warmer for your mass transit stops but nothing extreme as we head into the afternoon. even with the warming trend, air quality will remain healthy.

let's take a live look at the new york stock exchange as trading gets underway. by about 113 points. >>> a new survey finds two- thirds of americans played video games during the last year and that's 227 million people. that's up 13 million from 2019. gaming really boomed during the pandemic. more than half say that video games were a way to relieve stress during the lockdown. >>> governor newsom will be in l.a. county talking about rent relief. it's part of the $100 billion budget the governor is calling the california comeback plan. this comes just two months ahead of the recall election. >> for at have counte california out, eat your heart out. this state is not come back. there's a reason we have signs that say the state has come roaring back. we have no peers. >> the budget includes $4 billion in grants for small businesses so they can rehire workers and $12 billion to address homelessness. also creates transitional kindergarten for 4-year-olds. >>> today marks seven weeks since the deadly mass shooting at the vta light rail yard in san jose. >> as the commu

diane king hall is at the new york stock exchange with those stories and more. d morning, diane. >> reporter: good morning, anne-marie. the markets reopened this morning following their closure forth fourth of july holiday. amazon has a new head boss. andy jassy took over as the head of the world's largest ecommerce company. previously he ran amazon's cloud computing business. jeff bezos announced he was stepping down in february and will serve as the company's executive chair. >>> car sales dropped for the second straight month falling below their pre-pandemic levels. new data shows imported car sales slumped 13% and doe message. chip shortage is driving up costs and making a shortage. it could last through the year. >>> one digital asset is booming. the nft or nonfungible token market surged to new highs in the second quarter with $2.5 billion in sales so as far this year. nfts exploded in popularity. they let people buy and sell ownership of unique items and it can represen anything from art, music, videos. anne-marie. >> i don't understand it but i'm glad peo

. >>> looking at the big board at the new york stock exchange. we are significantly down this morning. another check of the markets when we come back. >>> also new at 6:00, naomi osaka with a major announcement. the tennis phenom with something you will see all over twitter today. >>> weather wise as promised we'll take a look at what's going on with that fog. it's thickest up around the airport in santa rosa we're seeing most of the fog this morning. lower clouds bumping into the east bay hills as we look north from 880. haven't had anything measurable. the fog is the biggest issue on the roads. that's this morning. we'll have winds in the same area during the evening commute if you're out on the ferry. mass transit, cool then hot. up to 40 degrees warmer with you head back home. moderate. that's still healthy. that's through saturday for our air quality. 51 to 54 through san francisco. a little bit of mist in the air. rest of us in the 50s. through the morning, watch how quickly the low clouds return to the coast. 70s and 80s developing inland.

company to issue stock to public shareholders, then the shell enters into service and other contracts, the chinese operating company issues shares on a foreign exchange such as the new yorknge. here's the important part for investors as well. gensler says in light of the recent developments in china -- and we all are well aware of course and have seen the fall in the stocks as a result of that new guidance and restrictions that they're doing -- in light of those recent developments and the overall risks with the china based vie structure, he has asked the staff to seek certain disclosures from offshore issuers associated with chinese operating companies before the registration statements will be declared effective he goes on from there to talk about specifics. i would direct people, carl, to read the actual release if they're interested we all know about the s shellacking. alibaba is one of them that does have that vie structure in order to list here in the united states >> huge news out of the s.e.c. this morning, and we're going to keep our eye on all the china shares i did notice didi premarket is down about 4%, has recovered a little bit as we get closer to the openi

. >>> looking live at the big board at the new york stock exchange this morning. have another update on how the markets are doing coming up in it a moment. >>> how do you make a movie about a disney ride putting the rock and emily blunt in it. that's a good start. they're sharing surprises about the upcoming jungle cruise. first checking in with mike nicco. >> can only hope they're as good as the pirates of the caribbean ones. here's a look at what's going on with the bridge. you can see the mist and drizzle. not as prevalent as you're going to find possibly on the bay bridge. golden gate bridge. maybe even the san mateo bridge. that's why you need to have caution. that is out there. plus it's going to be windy and choppy just about all day. right now it's mainly in the delta. it will back to the golden gate bridge through the evening commute. what's going on with these clouds. how they're racing off to the east and bringing heat relief to just about all of our neighborhoods today. a little drizzle up in the east bay hills this morning. air quality is good just ab