i'm kelly evans along with rahel solomon in for tyler mathison. topping the hour profit growth, the best it's been in more than a decade estimates are up, the s&p at a new high we will look at the reports due out that matter most to investors and the market >>> chinese education stocks getting cut in half after a report china is widening its crackdown. is it a nirvana setup for tech one analyst says yes >> that's an interesting twist >>> and a new type of activism the hedge fund manager who is shaking up companies in the name of esg, continuing on our big series from yesterday. and reaping returns for investors doing it her way more in just a moment. >>> first, a check on the markets. the dow, the s&p and nasdaq heading for a record close after the big declines on monday >>> and strong earnings from tech stocks giving the market a lift facebook also gaining. >> huge moves. you can see the latest, snap is up 25% >>> going the other way among the decliners, intel falling after an annual sales forecast implied a weak end to the year shares are down a

rahel. >> meg tirrell, thank you. good to have you with us tonight on a friday, holiday friday nonetheless. >>> let's go overseas, india crossing a grim milestone. 400,000 covid deaths since the pandemic began health experts say the nation's death toll is likely much higher india reported half of all of their deaths over the past two months alone that's when the delta variant ripped through the country and overwhelmed its health care system daily cases have been dropping since then now officials are bracing for another potential wave, and also trying to get people vaccinated as quickly as possible johns hopkins reporting that india has the third most covid deaths in the world, trailing only behind brazil and the u.s. >>> the fourth is back, millions of americans heading out for the holiday weekend. i'm about 45 minutes from heading out myself we are live from mount rushmore tonight where the streets and hotels are packed. why are businesses still so worried. >>> also, a major blow to the u.s. olympics team one of the

broadcom entered into long-term agreements that prevented chips being purchased by competitors >>> rahel solomon has the update. >> here's what's happening at this hour. republicans in pennsylvania's senate are discussing an investigation into how last year's presidential election was conducted. senator doug mastriano reportedly briefing on others.

los angeles firefighters and bomb squad members blowing up things and what y-- >> rahel, thank you. >>> when we come back. value investor scott black is here with his topics. >>> later, mark short, former chief of staff to vice president mike pence, will join us to weigh in on today's strong jobs reports and the telast policy proposals. we'll be right back. dow is up 150. [wrestling bell rings] [music: “you're the best” by joe esposito] ♪ try to be best 'cause you're only a man ♪ ♪ and a man's gotta learn to take it ♪

i'm rahel solomon in for shepard smith. and this is the news on cnbc a young girl's body pulled from the rubble, a tragic discovery as the first hurricane of the season threatens rescue efforts. >>> historic handover. u.s. troops return control of bagram air base ovn the heels of a growing threat from the tal taliban. >> security situation is not, not good right now >>> the economy. adding jobs and recovering >> this is historic progress >> but are businesses ready for the fourth of july boom? as millions of americans hit the road >>> a u.s. gold medal hopeful suspended a testing positive for marijuana. rig reigniting the debate of weed and fame. >>> the boy scouts' massive settlement >>> as delta spreads fast, j&j provide good vaccine news. >>> live from cnbc, the facts, the truth. the news with shepard smith. >> and good evening. the death toll climbing to 22 in surfside, florida, nine days after the condo building came crashing down. officials sa search teams pulled two more bodies out of the wreckage today and 126 peopl

rahel solomon is joining us with more on the story. rahel, good morning. >> reporter: good morning.ntially if companies thought hiring workers in the first half of the year was hard, it will be tougher the survey out this morning from talents solutions firm shows of 3,000 senior managers, half plan to fill new positions or bring back furloughed workers. the number of americans quitting their jobs is an all-time high it is creating what the senior director calls a perfect storm >> employees are very confident in the ability to find a job when that is the case, they will be more picky and choosey with the jobs they take that is why you are seeing employers have to really showcase what the company has to offer. not only in salary and compensation, which is important, but professionali growth to attract that talent. >> reporter: so what's an employer looking to hire to do according to the same research, 48% of companies say they're providing sign-on bonuses and paid time off. it is not all dollars and cents. workers are increasingly more focused on company culture and value values how t

thank you so much, rahel all show long we've been asking you to send us your questions and you deliveredet's tackle some of them here to break it all down, victoria hernandez thank you, victoria. we've got a lot to get to here let's dive into our first question this one's on apple. >>> hey, fast money. travis here from new york. my question is on apple. we've seen a rotation out of big tech however recently we've seen the turnaround and most of the losses abating and do you expect apple's recent run to continue thank you very much. >> all right, victoria, what do you say? is there room to run with apple? >> so the short answer to travis' question is yes. there is room to run, but saying that, leslie, doesn't mean that i necessarily think it's a cheap stock, and we have earnings coming up at the end of this month. apple tends to run up 1.5%, close to 2% for earnings and if you're looking to do a shorter term trade i would be cautious if we get ready for earnings first quarter are some of the best earnings reported ever for apple and i'm not sure we'll see that again in the second quarter

>> rahel, thank you. rahel solomon.scussing what seemed to be quite strong numbers from jpmorgan and goldman sachs but both names as you can see are in the red fairly significantly. nothing from either one of the conference calls that would seem to be a reason for that decline. that will do it for us on "squawk on the street. "techcheck" starts now >>> happy tuesday. welcome to "techcheck. i'm jon fortt with carl quintanilla and deirdre bosa we're live outside the courthouse as elon musk's second day of testimony begins.

los angeles firefighters and bomb squad members blowing up things and what y-- >> rahel, thank you. >topics. >>> later, mark short, former chief of staff to vice president mike pence, will join us to weigh in on today's strong jobs reports and the telast policy proposals. we'll be right back. dow is up 150. [wrestling bell rings] [music: “you're the best” by joe esposito] ♪ try to be best 'cause you're only a man ♪ ♪ and a man's gotta learn to take it ♪ ♪ try to believe though the going gets rough ♪ ♪ that you gotta hang tough to make it ♪ ♪ you're the best! around! ♪ ♪ nothing's gonna ever keep you down ♪ [triumphantly yells] ♪ you're the best! around! ♪ [ding] don't get mad. get e*trade and take charge of your finances today. ♪♪ >>> stocks are rallies today on the better-than-expected jobs report let's brick in scott black, founder and president of delphi management thanks for joining us. >> thank you for inviting me a big picture first. are yoconstructive or cautious for the second half of this year >> i think they'll be up the reason being though the market is expensive, the rates

you're up to date. >>> rahel, thank you very much rahel solomon.ver to julia boorstin with a market flash. >> emmy nominations are out and these nominations give us a window into the streaming wars netflix has 129 nominations behind hbo and hbo max combined. but in the race for awards attention, disney is actually the stealth winner while disney plus has 71 nominations and hulu 25, if you look at nominations by company, across all of disney's platforms, it has 146 nominations. that's more than any other media company. and the nominations also speak to the quick ascendents of apple tv plus with 34 nominations, nearly double amazon, despite the fact that amazon has been producing content for much longer >>> netflix and apple are trading higher today disney just gave up some of its gains now pretty much flat after getting about 4% yesterday we'll have to see which of these media giants and tech giants walks away when the award is held september 19th. that would be the first of the award ceremonies >> did you say kwib by >> i did not mention quibi whic

eastern scott, back to you >> all right, rahel, you have a good weekend appreciate that, rahel solomonet's talk about the mochs the committee making to do degas, let's go with you first talk about the sells you sold air products >> yes >> and bristol myers which is interesting considering josh brown yesterday bought bristol myers. farm he were jim owns it why did you sell it? >> yes, we sold bristol myers because it has limited upside. and this is part of a portfolio construction trade we are moving from the low beta stocks up to higher beta stocks because of our positive view of the market bristol myers has limited upside from this point we gain a profit from it, sold it because we had better medical names in our portfolio. and bristol myers was a lower ranked name. we sold that one we also sold air products. air products benefitted from the pandemic when oxygen was in demand now that demand is declining, once again we took a profit for clients and sold the position. >> okay. let's talk about some of your buys you bought auto desk, and fortnite, talk to me >> this is increasing the be

. >>> welcome back i'm rahel solomon. u.s. torn general merrick garland prohibiting all seizures of records into classified information. it reverses years of department policy pg & e reports its equipment may have helped start the dixie fire burning in the sierra nevadas and it's only 15% contained. >>> haiti's interim prime minister claude joseph has been stepping down. he has been leading the country since the assassination of president moise. on the news, forming new leadership and easing political tensions in haiti tonight at 7:00 p.m. eastern. you're now up-to-date. scott, back to you. >> rahel, appreciate it. >>> pete, i just tweeted out, whoa, you're buying a stock and everybody is going to want know about it it's one of the fangs we don't talk about much more netflix, why did you buy it? >> it hit the pause button, scott. this say is a stock that doesn' have a lot of room to the upside disney trading with the 50 multiple on presently, 40 in term of when you look forward, then you look at netflix and it's trading somewh

. >>> welcome back i'm rahel solomon and here is your cnbc news update at this hour americans continueget back out on the road more and more. total miles driven rose to 274 billion in may that's a 29% rise from may of last year. the biggest gains came in the northeast. now south gulf states from texas to kentucky posted the smallest increases. >>> and in iraq the death toll from a fire in a covid ward has risen to 92. the prime minister has ordered the arrest of the hospital's director, the city civil defense chief and the director of the province where the hospital is located. >>> and tennis star roger federer says that he will not play in the olympics federer says that he is withdrawing because of a knee injury and that he is, quote, greatly disappointed that he will not be able to represent switzerland and tokyo. he is already working to strengthen his knee and hopes to get back on tour later this summer >> my knee problems prevented me from being in the olympics as well it's tough at this age rahel, thank you. >>> our home state of virginia is name the top state for business for th

kelly, back to you >> thank you, rahel solomon. >>> a check on the markets here. the s&p in record territory in the trading session once again, still hanging on to a half a percent gain the nasdaq went positive it's up nearly 100 points right now. how about hertz. it had been up 11% let's see, hanging on to about that gain as the company exits bankruptcy avis is 3% higher and has more than doubled this year one of the absolute strongest. what a story that has been there's carrier global up about fractionally today as well and oil is closing for the day crude over $75 a barrel. a three-year high as opec has punted and delayed its meeting until tomorrow >> again, i was asking our guests, when is it going to start pinching high crude prices don't seem to be stopping anything in the economy or the consumer economy. >> it's the question and he thinks there's still a ways to go a six-month lag so we will not see it tomorrow. >> maybe 2022. >>> ahead on "power lunch" why crypto could face even more crackdowns in china and boost mobile will be one of the first to offer pa

. >>> welcome back i'm rahel solomon. here is your cnbc news update at this hour. a hurricane warning has just been issued for a portion of florida's gulf coast by the national weather service elsa is now a tropical storm with 70-mile-per-hour winds, but forecasters expect it will be a hurricane by the time it comes ashore sometime tomorrow although the state's governor warns that those winds and the storm's exact path are only part of the threat. >> it's important that floridians don't focus on the cone impacts are expected well outside that area. if you look at how the storm is, it's incredibly lopsided to the east, so most of the rainfall is going to be east of the center of the storm >> emergency shelters are now being prepared around the state in case people need a place to stay due to storm damage or severe power outages this school gymnasium will be ready with cleaning supplies and hand sanitizer as a covid measure. >>> and in belgium a new home for ten gentoo penguins. this species is from antarctica. they'll live in a 9,000-square enclosure with saltwater

eastern with shepard smith. >> rahel, thank you. >>> netflix earnings are out after the bell apple isthose stories are right ahead in rapid fire. take a look at shares of retail stocks apple, potelon, unitedhealth, netflix. we're back in a moment >>> welcome back, everybody. let's catch you up on a few stories that should be on your radar. it's time for rapid fire julia boorstin, bob pisani and nancy tabor. we want to start with netflix because its earnings are out after the bell investors are always watching the subscriber edition it's always a bellwether on where we are in the shutdown reopening trade. it added 26 million new subscribers but less than 1 million new users in the first quarter of this year they're expected to add only 1 million, julia stock is flat. what do you think the whisper is that are expectations pretty low, do you think? >> well, look. i think analysts are really hoping they will surpass the 1 million number that 1 million number is so low and it leaps forward also concerns about a saturated market the real question, kelly, is what they say about the second ha

over to rahel solomon. >>> hello, everyone. here is what's happening this hour residents of a belgian village are climbing on top of rooftops to escape raging floodwaters the unprecedented flooding has killed at least 30 people. the unrest in south africa continues after the former leader jacob zuma turned himself in to serve a 15-month sentence for contempt of court. protesters raided and burned several warehouses at least 72 people have been killed as a result of the weeklong violence there. a group of black church officials and activists gathered outside the texas state capitol to show support for those who left the stock to block new voter restrictions >>> for more on the fight for voter rights, tune in to "the news with shepard smith" tonight. >>> and the nation's top doctor is warning americans about a growing covid-related threat misinformation he's calling on tech platforms to do more saying that false covid information puts american lives at risk. kelly, back to you >> rahel, thank you very much. >>> in just about half

next uber or airbnb before anyone else julia's got more on that in a moment let'snews update with rahelsurvivors from the surfside condo collapse was paused this morning over concerns of the stability of the section still standing the halt comes as president biden is in florida to meet with families of victims and thank first responders the death toll remains at 18 with 145 people still missing. >>> the decision could make it harder to challenge voting measures put in place by republican lawmakers following last year's election >>> weekly jobless claims falling more than expected to another 15-month low of 364,000. it is the seventh decline in eight weeks, though continuing claims rose slightly and we have a jobs report tomorrow >>> and shares of walgreens boots aliance dropping to a four month low despite beating sales and profit estimates and raising guidance the stock has trimmed some losses but is still the biggest loser in the s&p 500 you're now up to date. carl, back to you. >> rahel, thank you very much. >>> as you know by now, amazon calling on the ftc chair to recuse herself th

kelly, back to you >> rahel, thank you. >>> still ahead, a tax deduction that millions of businessest first, jamie dimon gets another vote of confidence brian niccol isn't world about pricing power and what executives are doing to try to move netflix forward ♪ someone once told me, that i should get used to people staring. so i did. it's okay, you can stare. when you're a two-time gold medalist, it comes with the territory. >>> welcome back, everybody. it's been a paradigm shifting year with the pandemic and companies are relying on executives more than ever to deal with fickle consumer habits and uncertainty. as we head into the busiest weeks in earnings season, let's take a look at the strategies that companies are using to keep up up with and get ahead of the times. jamie dimon is receiving a vote of confidence. he he's led jpmorgan to being the largest u.s. bank. meanwhile, chipotle shares are leading to another all-time high today. worries about profit margins not a problem. ceo brian niccol saying the company has such good pricing power, they can keep raising prices to offset c

. >>> welcome back i'm rahel solomon here the cnbc us news update chuck schumer says a procedural vote will happen this afternoon on the trillion dollar infrastructure bill. negotiations on the legislation are still underway and on the news tonight the fight over infrastructure spending and what it might take to cut a deal. tonight at 7:00 p.m. eastern just east of houston, evacuations are underway around a dow chemical plant after the plant reported an incident local officials say the impact is low dow has not release the details on the indent. but an earlier shelter in place order has been lifted. >>> and an irish official shooting down a request to repart of the breks the deal the brexit minister called for a overhaul of the protocol saying the current situation can't go on you're you want to date >> thank you very much rahel solomon. joe terranova got angry with me earlier now i got to make him feel earlier >> never >> talk about chip olt oelt, joe, we'll do it, all-time high does it get any better than this >> you know me 15 years, never seen my angry. i love you i'm not angry wit

i'm kelly evans along with rahel solomon in for tyler mathison.een in more than a decade estimates are up, the s&p at a new high we will look at the reports due out that matter most to investors and the market >>> chinese education stocks getting cut in half after a report china is widening its crackdown. is it a nirvana setup for tech one analyst says yes >> that's an interesting twist >>> and a new type of activism the hedge fund manager who is shaking up companies in the name of esg, continuing on our big series from yesterday. and reaping returns for investors doing it her way more in just a moment. >>> first, a check on th

. >> julia boorsen with the disney news let's get to rahel solomon >>> we begin in nashville where ad over a police officer plea deal the police officer is pleading guilty to manslaughter and will get a three-year sentence. >>> russia is reporting another record daily death toll from the pandemic 679 covid deaths were confirmed today. it's the fourth daily record in a row. daily new infections have more than doubled over the last month. and india confirming more than 400,000 coronavirus deaths since faang began. it's now only the third country to reach that mark >>> and on a far happier note, americans hitting the roads and taking to the skies for independence day 48 million americans are expected to travel that makes for the second busiest july 4th weekend ever. >>> and tonight on "the news" i'm going to be filling in for shep and we're going to have reports from around the country on the rise in travel, what has changed and how to prepare kelly, i guarantee it's going to be a great show. lots of news jam packed, i can assure you i'll send it back to you >> it's hard to tease yourse

. >>> welcome back i'm rahel solomon. here's our cnbc news update. in surfside, florida, the death toll has risen to 94 from the collapsed condo. the mayor of miami-dade announcing today that four more bodies have been recovered 83 victims identified and 22 people remain unaccounted for. >>> on the news tonight, the increasingly difficult job of finding victims and identifying their remains. >>> britain's health minister says england is going ahead with plans to end nearly all covid restrictions next monday telling parliament now is the next time to move the nation closer to normal life. >>> and in louisiana, former governor edwin edwards died. he dominated state politics before being convicted for racketeering and then spending eight years in prison. edwards was 93 years old >>> and in tampa bay, the lightning celebrating their stanley cup championship win with a boat parade through the harbor hundreds of boats taking part as the lightning bring home the stanley cup for the second year in a row it's become a bit of a dynasty scott, back to you >> ra

i'm rahel solomon.e is your cnbc news update florida's lieutenant governor and miami-dade's major voicing their support for thousands of people voicing their support in cuba and the ousting of that country's president. they are monitoring the situation in cuba and preparing for any enemy impact on florida. >>> and tonight on "the news," south african riots and looting. and more than 200 arrested many businesses have been looted and vandalized in rome, pope francis is still recovering from colon surgery. he had been expected to be released by the end of last week >>> on the west coast, firefighters battling multiple wild fires made worse by the latest heat wave in california the beckwourth fire has burned nearly 90,000 acres and destroyed 20 homes in one town alone. >> rahel, thank you. >>> those concerns over the covid delta variant as the number of young americans getting vaccinated continues to slow let's get to meg tirrell with the latest on the covid news today. meg? >> hey, kelly. well, you are see

it's down 10% this year after a stellar 2020 when it jumped 200% now to rahel solomon for a cnbc newshour. the fda approving new instructions for prescribing a controversial and expensive alzheimer's drug that could limit its use the biogen drug is appropriate for patients with early or mild alzheimer's and not all stages of the disease as was said when the drug was first approved. >>> get ready for more bad weather this year. researchers at colorado state university have raised the number of named storms they expect this hurricane season to 20 from17. >>> and on the news tonight, another heat wave taking aim at the west coast california towns running out of water. we'll get a live report on how residents are getting by that's tonight at 7:00 >>> and in nebraska, ted turner is donating an $80,000 acre ranch to a nonprofit agriculture research institute and he says he'll keep paying taxes on the land turner is the largest land owner in the state and officials had worried his expected land donations would slash tax revenues back to you. >> rahel, thank you. >>> coming up, we're continui

back to you. >> sekaidah'ses with grass hoppers what's next. >> we can't win. >> rahel, thank you. >>> i mentioned the najarian brothers making moves in the market we wanted you to know about jon and pete joining us. doc you're up first. thanks for coming on even though not regularly scheduled. what are you doing. >> well, scott, right at the end of the show yesterday somebody stepped in in a big way into the spxu this is at triple-levered etf that's triple levered inverse -- in other words obviously it goes up as the spx goes down. and that was pretty shrewd timing, you might say, scott, because obviously we got the news out of tokyo about no visitors at the games and so forth. and the markets were tumbling this morning those 17 calls -- that's the strike price they bought, which were at the money yesterday, were purchased for about 40 cents. those shot up, tripling the move in the s&p 500 and we took off that trade, scott. so 42,000 of those that's the biggest trade we have tracked in that triple-levered etf. now the good news, if you want to view it as good, i guess, is that this w

scott, back to you >> rahel, appreciate it. >>> the biggest etfs to watch today.ome of the stocks clining new highs today inudg nike, target and cisco. be right back. esg into your inv? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. i'm dad's greatest sandcastle - and greatest memory! but even i'm not as memorable as eating turkey hill chocolate peanut butter cup ice cream with real cocoa. well, that's the way the sandcastle crumbles. you can't beat turkey hill memories. what's on the horizon? the answers lie beyond the roads we know. we recognize that energy demand is growing, and the world needs lower carbon solutions to keep up. at chevron, we're working to find new ways forward, like through our venture capital group. backing technologies like electric ve

thank you rahel. the. >>> let's talk about the movers.looking at it right now, steve weiss, i'm going to you first on this it's down about 2 and a third percent. the reason i come to you is that you bought a little more tell us why. you took advantage of the dip here to buy actually more stock. >> yeah, so it is a core position and valet is another one of course cleveland cliffs is more steel than iron ore i thought the guidance was fine, lagged what the street was looking for on the optimistic side i bought the call around $20 level. this is a trading portion of it. i thought it was bound ceo always does a good job on the call as jim will agree and pointed out. so that's why i bought it. i thought it was oversold. however, in terms of the space, as i look at the material stocks, i look at the chemical stocks, dow also had a good quarter, they had good guidance and the stock is down. injury the market is looking for exit opportunity in these names. i believe they'll bounce, that right now the two highly correlated with the 10-year, which

i'm rahel solomon here is the cnbc news update during a senate hearing rand paul accusing dr. fauci of lying about the origin the coronavirus. fauci says rand is lying and making false assumptions about virus. >> let me finish. >> take an animal virus and increase transmissibility to humans that's not gain of function. >> senator paul you do not know what you're talking about quite frankly. i want to see that officially. you do not know what you are talking about. >> and ton on the news medical expert dr. vin gupta on the need for masks and need for more vaccinations convicted sex offender and movie mogul harvey weinstein kprated to california. facing rape and assault charges on five well. >>> we have video inside the shepard capsule including amazon jeff bos on enjoying the time in zero gravity above texas pretty cool. back to you. >>> thank you, rahel solomon >>> back with the exclusive interview with lee cooperman and investment committee steph, how about ibm before we get back to lee, the biggest tech position for you. what do you think? >> yeah, it was a very good quarter

. >>> rahel solomon?ere is your cnbc news update french president macron ordering his country's health care workers to get vaccinated by september 15th he also urged everyone in the country to get their shots as soon as possible he says a new rise infrance's ec recovery covid rules were jammed about three weeks ago and the netherlands reported its highest daily case count since last year >>> and pitching and hitting phenom ohtani has been named starting pitcher for the american league and will bat leadoff. he is the first two-way starter in the history of the all-star game and if that wasn't enough, he's also favored to win tonight's home run derby he is leading in home runs this season with 33 and he is called show time rightly so sara, back to you. >> rahel, awesome. >>> disney's "black widow" winning at the box office bringing in $80 million. the most of any film released during the pandemic. also pulling in big numbers on disney plus. up next we'll talk to an analyst who says disney is her top pick in

. ♪♪ >>> welcome back i'm rahel solomon here is the cnbc update.minority leader mitch mcconnell says all republicans will vote against the $3.5 trillion spending bill. >>> cvs stopping sales of sun burn products following the recall of some sun screens cvs acting out of abundance of caution. and russia confirmed covid deaths hitting a record 13 day in a rope .death toll went up 791 today. new covid cases near the highest of the year. >>> some of the suspects arrested for the assassination of the haiti president may have previously received training from the u.s. military "the washington post" reporting that some former colombian soldiers while part of the chom yan armed forces. >>> and new questions on u.s. connections to the assassination and the haitian president security detail have a part in the plot all that tonight on the news at 7:00 p.m. eastern. scott back to you. >> rahel, thank you very much. >>> back with jeffrey gundlach, double line ceo and halftimex exclusive interview today. i want to follow with you jeffrey on something you said a

. >> it is time for rahel solomon. >>> here's what's happening at this hour. >>> the free britney acterry calling for china to join the u.s. before the climate summit this fall. >> obviously it's not a mystery that china and the u.s. have many differences, but on climate cooperation, it is the only way to break free from the world's current mutual suicide packet. >> in alabama heavy rains continue to flood parts of the state. the national weather service says parts of alabama got nearly 8 inches of rain over the last few days you are now up to day. sara, back to you. >>> rahel, thank you. >>> blue origin founder jeff bezos blasting off to space this morning. we were all glued to it. morgan brennan was there, joining us can more, on what this flight means for the space race >> they flew past the edge of space that also included wally funk and pays passenger oliver daemon, who is now the younger that piece of the puzzle is particularly in focused as this launched the commercial service for suborbital space i did ask bezos -- or bezos told me this is still just a, quote, tiny step of wha

. >> rahel, i remember when we talked about this yesterday. say they didn't think cara was in the mall >> she was in the ceiling ducts in the zoo, so apparently they were right. >> if she's missing, how do they know she's not in the mall >> when a snake is named, it makes it sound less scary. >> according to the zoo, she was quite sweet. whatever that means for a snake. >> cara whatever the snake likes, i would go with, to keep her sweet. whatever she is wants to be called >> rahel, thank you very much. >>> still to come. mohamed el-erian joins us to discuss today's pullback. >>> plus crypto crumbling as the global markets dip low, is this a buying opportunity we will discuss, coming up here is a check on bonds today, as you can see 30-year down as 1.9, and the ten-year just below that level. dr. arnold t petsworth had an influx of new patients. so he used his american express business card, which offers spending power built for his business needs, to furnish a new exam room. the doctor will see you now. get the card built for business. by ame

let's get over to rahel. >> here is what's happening this hour shares of american express with strongquarter results and continuing growth in travel and payment spending ceo says the corporate budget will not return until 2023 earnings season is off to an extreme start. the best quarterly growth in a decade sam adams posted one of the biggest earnings misses with the hard seltzer category. shipments of boston beer dropped. the stock down 24% also gm recalling the chevy volt 2017 to 2019 model years warnings to those and recalled use of those using the vehicle now back to you. >>> meantime, mark loves the metaverse. great interview with mark zuckerberg what does it mean for facebook and ad supported social platform what does it mean for that to be a metaverse? >> we'll find out probably over 10 years this thing is probably still in its early stages you can think about it as a move away from the traditional advertising business dig call payments and goods empowering creators and artists and virtual performance spaces if he has this way, this will be an entire economy. that means all sor

but in a do you think market, with rahel solomon hi, rahel. hour we begin in ohio where governor dewine seeks to -- the laws create harsher penalties for hazing we should say ohio is the 11th state to make hazing a felony. >>> one of the country's largest teachers' union is setting aside millions of teachers punished for the subject matter in their lessons. the head of the american federation of teachers says they will fight, quote, culture warriors who attempt to limit as labeling it critical race theory. >>> and the first indigenous governor general s justin trudeau appoint ing -- you are nowup to day, wilf. >>> we've got 28 minutes or so left before the bell here's where we stand. lower for the s&p and the dow, the nasdaq just climbing back into positive territory. of course, anything positive for the three major averages would be a record close. shares of ridesharing company didi plunging after china has a cybersecurity review >>> we'll be right back. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the worl

first, get a news update with rahel solomon. good morning. >> good morning.e bill and melinda gates foundation will name new trustees to oversee the charity the work and that melinda gates could resign if she and bill aren't able to work together after their divorce. >>> announcing a $15 billion donation from founder bringing total endowment to about $65 billion. >>> u.s. treasury taking a break from a rally yield on the ten year falling below 1.3% and hitting a 4 and a half low before recovering unwinding of short positions also. >>> blackrock staying underwielding treasuries world's largest asset manager out with a midyear investment outlook. and blackrock cutting yot look from u.s. stocks to neutral even though the s&p and nasdaq hit new heights this quarter. >>> and crossover blends competitive pricing and style. back to you. >>> china cracking down on big tech state council considering closing a loophole allowing chinese companies to unveil on overseas listing this after the suspension of didi from chinese app stores over security concerns sending the st

learn more at massmutual.com >>> welcome back i'm rahel solomon and here is your cnbc update this hourmerican troops continue to withdraw, president biden said minutes ago that afghan leaders have to come together to defend against the threat because he will not send another generation of americans to fight there. >>> an american citizen of haitian descent is one of six arrested in connection with the assassination of haiti's president. these two men taken into custody after a firefight. they are now trying to identify the people who actually set it in motion. lots of questions there. a special session of the texas legislature is under way republicans hoping to pass new voting rules, limits on how racism is taught in schools and restrictions on athletics for transgender students >>> and many americans probably know how to get to sesame street, but would probably have a harder time finding coronation street queen elizabeth knows the way. she arrived for a visit to the set of the world's longest running television soap opera telling cast members it's marvelous how they've been able to ca

to rethink how they get employees back with new data on what bis businesses are facing here is cnbc rahel >> the survey today, nearly 3,000 senior managers all of them plan to hire in the back half of the year people who were let go, furloughed because of the pan demonstrate ib and 51% are looking to fill new positions. senior district director says this is the most active labor market she's ever seen in her 25 years of experience and employers are responding, putting their best offer forward. according to this report, 48% of companies are providing signing bonuses. 43% are giving more paid time off and 40% are offering better job titles while compensation is important, employees are also looking beyond just pay. >> it's been a bit of a shift where we have seen employees really take interest in care what are the values of the company. they really want to know what are those organizations stand for, how are they treating their employees. >> the search for the right candidate has employers looking even partser 60% of kpcompanies are brn broa their search >> thanks. >>> why our wallets are f

. >>> welcome back i'm rahel solomon. here is your cnbc news update.orarily blocking enforcement of a new arkansas low that prohibits gender confirming treatments for transgender minors it was scheduled to go into effect next week the aclu is asking the court to permanently invalidate the law >>> police clashing with anti-vaccine protesters near parliament the crowd was eventually cleared by tear gas and water cannons. with infections increasing the government has ordered mandatory vaccinations for health care workers and nursing home employees. >>> russia is sending a lab module to the international space station that will provide more room. today's launch ends a long series of delays the module had been scheduled to go up in 2007. >>> and the mayor of liverpool says it is incomprehensible a united nations committee has removed the city's world heritage status 17 years after it won the designation the panel says that development near liverpool's waterfront docks led to a significant loss to the ity's integrity and you a thenauthenticity >> that is a t

. >>> welcome back i'm rahel solomon and here is your cnbc news update at this hour the delta variants covid cases and has led to an increase in hospitalizations and deaths in areas where vaccination rates are low. >> over the last week we have averaged 239 deaths per day, an increase of nearly 48% over the prior week each death is tragic and even more heartbreaking when we know that the majority of these deaths could be prevented with a simple, safe, available vaccine. >>> a 22-year-old man has avoided a possible death sentence by pleading guilty today to a 2019 shooting at a southern california synagogue. one person was killed, three others wounded the shooter will spend the rest of his life in prison without the possibility of parole. >>> the national oceanic and atmospheric administration says smoke from western wildfires is now contributing to increased smog on the east coast, including new york city. >>> and at the white house, the tampa bay buccaneers are being honored for their super bowl win this year. quarterback tom brady telling president biden that the team's season got o

. >>> welcome back i'm rahel solomon and our cnbc news update. rescue crews in the collapsed surfside condo found and removed the body of a miami firefighter's 7-year-old daughter >> we haven't been able to remove any survivors yet it's very difficult. and last night was even more, removing a fellow firefighter's daughter that's what i want to emphasize, the emotion, what we're feeling. as firefighters we do what we do it's kind of a calling we always say that but it still takes its toll >> a star pitcher for the los angeles dodgers has been placed on a seven-day administrative leave by major league baseball as it investigates a sexual assault investigation against him. pasadena police have an active criminal investigation bauer, who won the national league's cy young award last year, had been scheduled to pitch sunday >>> and today the world's top hot dog eaters gather for what's described as the official weigh-in ahead of monday's nathan's fourth of july hot dog eating contest joey chestnut, you see there, going for his 14th victory kelly, i th

back to you. >> rahel, thank you. satelogic will go via a spac merger with cantor fitzgerald.with spacex on a multi-launch contract setting the goal to launch 300 satellites by 2025 joining us now to discuss the deal and broader m & a, cantor fitzgerald ceo and chairman howard lutnick thanks for joining us on the show today. >> great to see you. >> at a time we're talking about so-called billionaire space races and bezos and others making their first trip, why are you starting to invest in space right now? >> space, it's the final frontier i mean, it's the place to go, and these satellites, satellogic does incredible imagery of the earth. they have 17 satellites in the sky right now and when they have 300 in the sky and we're raising enough money for them to launch all 300, they can take a sub meter picture of every square inch of the earth so think about all the gps people who want to talk about how the arctic and water level, trees, every square inch of europe they can take a picture of it and have a great image of it and be able to catalog everything the data is going to be

. >>> i'm rahel solomon and here is your cnbc news update facebook is taking down some 200 accounts used part of a spying operation targeting military personnel and people working with defense and aerospace companies. >>> the biden administration is ending large-scale old growth logging. it is sharply cutting back sales in alaska's national forest. conservations are cheering the move, but alaska's governor has vowed to fight that decision >>> and we knew that jeff bezos would be flying with the oldest person ever to go to space well, now they've announced he'll be going with the youngest person, 18-year-old dutch student oliver damon will be the first paying customer, his father at least, taking place of the still anonymous auction winner who bid $28 million and then had to give up the seat because after scheduling conflict that person will be on a future flight back to you, eamon >> we've all been bumped from a flight before. >> did not know that was the reason >> that's like first, first, first class. thank you so much. >>> and now a difficult milestone to mark. u.s. drug overdose deat

. >>> welcome back i'm rahel solomon and here is your cnbc news update.new report from nbc news, the state's legislature requires a two-third quorum to be present to conduct business in either chamber the plan could spell legal trouble including being arrested >>> a haitian-born doctor has been arrested as a suspect in the assassination of haiti's president moise. haiti's police chief suggested the 63-year-old man was plotting to take over the presidency. >>> playcomplicating recovery efforts at the condo collapse jose diaz, who goes by pepe, his chief of staff has also tested positive >>> drake bell has been sensed to two years' probation for charges related to contact with an underaged girl he met online. he will be required to register as a sex offender. >> thank you >>> let's turn to the markets and get a check where we stand this hour. dow is up 105. we're up 195 at the session high i believe both touching record highs. it's now positive by 19 points >>> time for today's power movers first up, l brands up around 5%. jpmorgan raising its price target

. >>> headlines with rahel solomon. >> cnbc update coming ashore at a tropical storm packing sustained winds 65 miles per hour the storm made landfall in lightly poplated county in parts of northern florida, and travel alert extended north to 23new jersey. >>> a federal judge ruled the u.s. air force is responsible for killing more than two dozen people in a texas church in 2017 the judge saying the air force failed to commit history buy a database should have prevented him from buying firearms. >>> president biden condemning the horrific assassination of haitian president jove thel mom jovenel moise. tonight on the news who will lead the country going forward. >>> and the ship that blocked the suez canal nearly a week given the green light to leave egypt ordered the ship held until compensation for the accident cou blde negotiated so three months. >>> more "halftime report" when we come back. he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa sofi is a one-stop shop for your finances designed to work better together. save, spend,

i'm rahel solomon.ere is your cnbc update ame merrick garland has been briefed on shootings of two undercover police officers in chicago their injuries are not considered to be life threatening and no arrests have been reported just yet >>> efforts are underway to medevac haiti's first lady to miami. she is in critical condition after surviving that attack that killed her husband >>> a ticker tape parade to get through the pandemic 2,500 people and 13 bands took part in the parade >>> and on "the news," what would we have done without them. thanking covid heroes as america strives to get back to normal. >>> and morgan, the grand marshal of the parade was the first person in the u.s. to get the vaccine, that nurse out in queens so, really nice to see today's festivities. i'll send it back to you >> that's fantastic. i didn't realize that. we got a front row seat. >> that's cool >>> markets right now are losing steam. the nasdaq is back in the red as you can see right there. but barely it's basically flat

(pleasant orchestral music) (bike rattling) >>> welcome back i'm rahel solomon and here is your cnbcs update this hour. the highly contagious delta variant is responsible for the majority of new covid infections in the u.s delta accounts for almost 52% of cases reported in recent weeks the travel industry thinks it's time to open the country to international visitors groups representing airlines and hotels want the biden administration to lift the covid entry travel restrictions. roger federer will not be winning his ninth wimbledon championship he lost today in straight sets his opponent had not previously made it past the third round in any major tournament federer turns 40 next month. >>> take a look at this, this is not a real cat although it might be hard to tell. this is on the side of a building in japan. it's an l.e.d. video screen with a 3d image of a cat and 4k resolution drawing a lot of attention from people on the streets below. a group of local businesses in a tokyo suburb say they wanted to create a mascot for the area to try to cheer people up and attract customers. p

bottom of the hour i'm carl quintanilla with deirdre bosa and jon fortt let's get a news update with rahel. >> pfizer shares are on the rise, that's as the company seeks federal authorization for covid vaccine booster shots. pfizer and vaccine partner biontech say the risk of infection rises six months after vaccination. one saying countries should not order boosters and others saying they urgently need the vaccine. >>> stocks jumping 3%. both companies benefitting from upgrades by raymond james. the analyst behind the note saying the restaurant operators are out performing their peers and that there is good buying opportunities ahead of quarterly earnings. >>> crude oil trimming losses, still down on the day. you're newow up to date, carl bk to you. >>> over to julia with kevin mayer. >> thanks so much, carl. kevin mayer, former ceo of tiktok and long time executive at disney, thank you for joining us today there is so much to talk to you about this morning but i want to start with the headline about your former company, tiktok. this news that parent bytedance will be holding back on the