you note that ibm's current cloud portfolio lags market leaders like microsoft, aws, google ibm arguesrategy, hybrid cloud, is uniquely positioned take apart that argument for our viewers. >> yeah, it is true. large enterprises are definitely going somewhat in the direction of hybrid cloud. the challenge that ibm has is that that cloud -- hybrid cloud portfolio, built around the red hat acquisition, is really small. it is a few billion out of, you know, 70, 75 billion in revenue of ibm and so they have got this little kernel of a business, built around red hat, that is in hybrid cloud, and is doing fine. i would say fine, not fantastic. but just within -- it is a little bit like trying to turn the "titanic," it is a very small piece within a much broader portfolio by ibm, much of which is in structural decline and being impacted by the cloud. >> talk about ibm's capital allocation strategy. underer ceo jennie rometty under krishna they have ban investing back into the business, small in terms of capex compared to the other cloud leaders that we just mentioned, do you agree that the pro

paul: and all these folks were intimidated by the name ibm. >> in my mind, ibm is this big computer companyand tie, carrying around a briefcase. business savvy with all of the technical jargon. this is for the b7000 8.2, but -- paul: look who's talking technical now. can anybody arn to do what you do? >> i think anybody with the drive to can. >> it doesn't matter what your background is. it doesn't mean that your brain can't do it. >> go ahead and walk forward. paul: despite her canine credentials, jennifer burgess is now a project manager. or maybe it's because of them. >> it is very similar to dog training because it is about training the humans to be able to do what you need them to do. when they are good though you need to give some form of reward. paul: give folks like this a chance, and there are hidden bonuses for the employer, lower pay than the highest priced talent, and higher loyalty. >> because they gave me the opportunity that other people did not. >> i am not going anywhere. did you not here where i came from? [laughter] paul: and with that, a final warning from those of you i

today, apple is worth 16 times as much as ibm. yet ibm has survived, by cutting costs drastically, including layoffs, changing its business, outsourcing, and it still employs 350,000 people worldwide. here in the u.s., however, it finds itself competing for talent with the trendier apple googles and startups. so kelli jordan spearheads ibm“" new collar” initiative. >> back in 2016 we really started looking at how we could fill roles that we had just struggled to fill in other ways. just saying you don't quire a bachelor's degree brought in a whole new slate of candidates that we never would have uncovered. >> reporter: and you knew this was coming, right? the new collar candidates are folks like faine, burgess, perez, and in new york, ray rodriguez who spent 11 years working his way up to assistant store manager at a big drugstore chain. >> i used to make 46,000 a year and then it dropped down to 40. >> reporter: as you got promoted. >> right. it was salary. and then they changed it to hourly. >> reporter: but that wasn't the wors

howard boville of ibm coming to us. u.s.rity advisor jake sullivan delivering an update on afghanistan. bill faries leads our security coverage at bloomberg. from the headlines i have seen across the terminal so far, it seems the overall message is the u.s. is in touch with the taliban. they have lines of communication open and are looking to guarantee safe passage out. what else do we know? bill: that is a big development. we knew that the u.s. was talking to the taliban in qatar about security at the airport in kabul, where we saw that breakdown with crowns flooding the tarmac yesterday. now, jake sullivan saying the u.s. is in touch with taliban commanders around the airport to try and ensure the safe passage of a lot of these afghan allies, translators, allies, people that worked with u.s. and nato forces, so that they could get themselves to the airport for a flight out. there have been a lot of reports that those people are being held up at some of the checkpoints, some of them have reportedly been beat up. you can ima

we owe a lot to that ibm machine.the way, bill gates who's quick and dirty operating system helped put a company called microsoft on the map happy 40th birthday, personal computer hopefully random, but interesting. >>> let's talk about the markets and taper talk with the fed heads and where we invest. joining us is our friend john stoltzfus. john, very quickly you are not an individual stock name microsoft. you think tech is still a good place to invest? big tech >> we believe in tech. we think we're not going back to the abacus or slide rule we think tech has further to go. we believe our call in plamay h worked out well for us particularly large ap. >> not investing in daisywheel printing companies or others do you worry that some of the companies, john, as great as they may be, are getting a little hot 22 or 25 times the earnings in some cases they better perform. >> without a doubt, brian. they have got to perform we think they are in a sweet spot we have gone from hardware to software to screenware we have to con

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. >> working for ibm, you can't forget stuff.worked for ibm for 34 and a half years, even though i was doing software development, i had to wear a dress. ladies weren't allowed to wear pants. you're sort of indoctrinated and told what your societal expectations are. we lived in a corporate world. we lived normal lives. we had homes and responsibilities and we don't have those anymore. hi, sweetheart. >> it's freedom to accept who you are without having to worry about the pressure from society. one of the things dave and i have decided is live for today, man. today is just going to be fun. if i look at my contributions, i have a little pin all over the united states. 34 of the 50 we'll have finished by the end of this year. >> it's tough to get to hawaii. >> it is tough to get to hawaii. we need to go on a boat. all right. i wish i was tall enough to help. we should have brought a boat with paddles. i'd had this awful high-pitched hum in my ear, enough to make me want to claw my ears off. i started using the supplement. i noticed

that's why insurers are going hybrid with ibm.ith watson on a hybrid cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you. >>> it's that time of the show for your big money movers, the three key stock stories happening right now. stock number one is nordstrom. now, results they beat forecast and it raised its revenue guidance for the year, but sales were down 6% from pre-pandemic levels investors didn't like that and nordstrom also flagging, you guessed it, supply chain problems ahead of christmas, saying it simply cannot stock enough things like women's shoes and clothing for its nordstrom rack clothes i'm not kidding. do your christmas shopping now >> stock number two, toll brothers, the home builder, better than expected second quarter earnings, sales did come in shy of estimates. the company hitting a new high in h

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that's why they're going hybrid with ibm.hile helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ maria: welcome back. the national security agency watchdog voting tucker carlson's spying allegations, the fox news host saying the surveillance agency has been monitoring our electronic communications and is planning to leak them in an effort to take the show off the air. the nsa is denying the claims but says is conducting a review relating to the allegations that the nsa improperly targeted the communications of a member of the u.s. news media. tucker joined us to walk us through what has taken place here and obviously the nsa apparently found out about a story and an interview that tucker was planning and there was no way tucker said that they could have known about that interview without having surveilled his communications. rob: yeah, i mean, well quite honestly, maria, it's alarming. i think if you look at som

that's why manufacturers are going hybrid with ibm.on a hybrid cloud factories can use ai to automate the little things so they can focus on the next big thing. businesses that want to innovate at scale are going with a smarter hybrid cloud using the technology and expertise of ibm. >> paul>> dickerson: and we'll be back with a lot more "face the nation." ahead neel kashkari is up next. plus former f.d.a. commissioner dr. scott gottlieb. and more. stay with us. ♪ watch cbs in bay area with the kpix 5 news app. >> announcer: this is the "cbs overnight news." >>> good evening and thanks for joining us tonight. america's covid recovery has hit a dangerous roadblock. today dr. anthony fauci warned this latest surge driven by the delta variant will get worse. infections are spiking across the country. hospitalizations and deaths are also rising. more shots are going into arms, but only about half of us are fully vaccinated. cbs's lilia luciano is in west hollywood with the latest. >> reporter: thank you, jericka. now l.a. county has 45% hig

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that's why they're going hybrid with ibm.riences with watson ai while helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ maria: critical race theory and corporate america. now we understand bank of america, truths financial and lowe's sponsoring a program which claims that america is systemically and institutionally racist. the training these companies put in front of workers urged white workers to, quote, seed power to people of color. dagen: there is a book called woke inc. and there are many reasons corporations are doing this was one is to cover up for their own bad behavior to try to placate the far left, those with the loudest voices, biggest sets of lungs as they try to do business in china or couto to the communist party in china. they also are week and they don't support the whole of america. this is an entire ecosystem of consulting firms that has grown out of this where they pedal these courses to all

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which is why they're going hybrid, with ibm.i helps manage supply chains while predicting demands with ease. from retail to healthcare, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. charles: a big winner there b&b at 3:00 a.m. this you tweeted the company is going to host up to 20000 afghan refugees, the tweet giving a ton of social media exposure and a lot of good exposure doesn't have any influence on the stock price, a good business deal, is not helping the stock among the biggest winners joining me now managing director mikell snyder and michael lee strategy, michelle i know the real putting names in general are higher, is there any move today with there b&b providing a kind gesture? >> absolutely, it's a kind gesture and there's a bit of a flowable city seeking notion in there looking for host to put these people host family so it's not just coming from them, nonetheless it sends a stock up 9% which you can't see that it went from technical resistance at 15850 and i would

that's why insurers are going hybrid with ibm. cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you. every single day, we're all getting a little bit better. we're better cooks... better neighbors... hi. i've got this until you get back. better parents... and better friends. no! no! that's why comcast works around the clock constantly improving america's largest gig-speed broadband network. and just doubled the capacity here. how do things look on your end? -perfect! because we're building a better network every single day. >>> is the reopening rally back on markets look to make more new highs today as optimism hits and covid cases may finally be peaking in many parts of america. >>> don't call it a come back, or maybe do. as bitcoin continues to test three-month highs and its recent rebound. >>> and let's make a deal.

google and ibm and, and amazon really control almost all of this cloud space. why don't you, why do you not already have as just a standard operating procedure, multi factor authentication? why is that not already built into the system? here's what seems so stupid to me guys. why are we having a meeting with the president of the united states to talk about how do we sure of cybersecurity when this is basic stuff? if you have a crypto law, and i know i've said this before, if you have a crypto, a wallet with any crypto exchange, pretty much on the planet, you have to factor authentication at the minimum. why do you not have that? if you are a customer of a ws, it's not expensive to do with are difficult to do. and why would would 8 of us only offer this to certain select customers? why not make it just standard operating procedure? it would make an enormous difference to have multi factor authentication. it seems ridiculous to me that this is like an all of branch that's being extended. it should be just just the standard. all right, another one of those cases w

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that's why they're going hybrid with ibm.hile helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ [engine revving] [car horn and collisions] [tires squealing] just think, he'll be driving for real soon. every new chevy equinox comes standard with chevy safety assist including automatic emergency braking. maria: welcome back. companies are implementing new vaccine mandates as covid cases rise. delta air lines the headline of the morning, they will now charge workers, they're charging unvaccinated workers $200 a month to cover a health insurance surcharge, unvaccinated employees could also potentially lose pay protection if the virus causes them to miss work. goldman sachs is requiring everyone entering the building to be vaccinated. if you go to a goldman office, not just employees, clients as well, you need to prove vaccination. and then the pentagon issued a mandate for its u.s. military members to be fully vacc

that's why insurers are going hybrid with ibm.brid cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you. at pnc bank, we believe in the power of the watch out. that's why we created low cash mode, the financial watch out that gives you the options and extra time needed to help you avoid an overdraft fee. it's one way we're making a difference. low cash mode on virtual wallet from pnc bank. all the things, all around you... where you learn, work, and fly... we help make them healthier. we are the people of abm. for more than 100 years, we've been a leader in making spaces cleaner, from the things you touch to the air you breathe. today, more than 100,000 of us are innovating to ensure spaces are more efficient, healthier and safer. abm. making spaces healthier for you. >>> all right welcome back well if you haven't noti

that's why they're going hybrid with ibm.g with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ maria: a big thank you to dagen mcdowell and monica i crowley. ladies, great to be with you this morning. "varney & co." begins right now. ashley webster in for stu, take it away. ashley: thank you. good morning, maria. indeed, i am ashley webster in for stuart varney. i stand what squarely by my decision, that's what president biden said in his first remarks following the devastating explosions in kabul that a killed 13 soldiers. at least 95 afghans were also killed making it the deadliest attack in more than a decade. we are going to have live reports from across the globe throughout the next three hours.

that's why they're going hybrid with ibm. while helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ maria: welcome we'll good thursday morning. thanks so much for joining us. i'm maria bartitomo. it is thursday, august 19, top stories 8:00 a.m. on the button on the east coast, hostage to taliban insurgents sush rounding kabul airport did i for those of americans to flee country state department saying it cannot guarantee safe passage to the airport. president biden once again walking out of a briefing without taking any questions. on the crisis unfolding in afghanistan we bring all the latest this morning, right now. markets are extending yesterday's big sell-off as federal reserve signaled 12i78 lus away this year a taper tantrum underway dow industrials tumbling session lows right now, after markets finished session lows yesterday the dow industrials down 360 points s&p down 40, nasdaq lower by 110. awill be sp

that's why they're going hybrid with ibm.d approach helps them personalize experiences with watson ai while helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ ♪♪ ♪♪ ♪♪ cheryl: chris cuomo pack following the resignation of his brother, governor andrew. cuomo addressed the scandal and the part he played in the decision at the end of the show last night. watch. >> i was there to listen and offer "my take" and my advice to my brother was a simple and consistent, owned what you did, tell people what you'd do to do better, be contrite and finally, except that it doesn't matter what you intended. what matters is how your actions and words were perceived. it was a unique situation being a brother to a politician in a scandal and being part of the media. i tried to do the right thing and i want you all to know that. cheryl: steve, do you buy it? >> well, as you said if i could play a mile and i would be playing it now an

that's why they're going hybrid with ibm.ecure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ . maria: welcome back. good wednesday morning. thanks so much for joining us. i'm maria bartiromo. wednesday, august 25 top stories right now 8:00 a.m. on the button on the east coast, president biden he caves to the taliban announcing he will not extend the august 312 deadline to get americans out of afghanistan, the warning came down from the taliban, his decision shocking our allies overseas leaving them fleeing for lives a return to one trump-era immigration policy supreme court reinstateing remain in mexico policy for migrants into the united states a blow to the biden administration markets this morning are oemgdz higher we are awaiting july durable-goods orders out 30 minutes' time 8:30 a.m. eastern right now markets have -- turned more negative as we speak, dow industrials up 8 points s&p 500 now negative, nasdaq negative by the s&p

that's why insurers are going hybrid with ibm.tson on a hybrid cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you. maria: welcome back. covid coming over the border, the biden administration is preparing to vaccinate migrants amid fears of covid-19 spreading throughout the country, which it is already doing. take a look at these numbers. 210,000 people apprehended at the border in the month of july after 188,000 in the month of june. as mcallen, texas approves a temporary emergency shelter in response to the city's overwhelming number of migrants. joining me right now is georgia congressman, energy and commerce committee member, buddy carter. congressman, thanks very much for being here. i love the way the biden administration is now saying it's going to vaccinate people. why hasn't this been done already? 900% incre

that's why they're going hybrid with ibm.n ai while helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. >> a matter of personal conscious. i think we need to work with our employers, not opposing them on vaccine mandates. dagen: that was randi weingarten, the head of the american federation of teachers. seeming to reverse her position, now supporting a vaccine mandate for teachers. she said she changed her mind because of the delta variant and because pediatric hospitals in florida are becoming overwhelmed and atlanta area school district are reporting days into their school year. this is among children. doctor janette n

that's why they're going hybrid with ibm.riences with watson ai while helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ dagen: our next guest is ceo of a company manufacturing covid vaccines for moderna, j&j and astrazeneca, catalitte of one in track to produce 1 billion vaccine doses this year. you are reporting better than expected quarterly earnings, guidance came in above estimates. tell us about it. >> first of all, if you just give me a minute, i'd love to really thank the 17,000 team members of catalin who did an extraordinary job during the pandemic delivering vaccine dose as well as critical covid therapies while also delivering all of the other essential medicines we make. i wanted to give a shout-out to the team members of catalin. with regard to performance, we have had a record year this year, we delivered 26% revenue growth on the top line. i'm sorry, 29% growth on the top line, 26% for our fourth

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with ibm, you can do both. your business can unify apps and data across your clouds. so you can address supply chain issues in real time, before they impact your bottom line. predicting and managing operational issues that's why so many businesses work with ibm. ♪ ♪ we are the next. the next generation of visionaries. rule breakers. game changers. and world beaters. we were built to perform on the biggest stages. but we certainly aren't here to do what's been done before. and neither are we. at palo alto networks, we are ready to secure our digital future. as companies innovate to transform, we innovate to outpace cyberthreats. so you can embrace technology with confidence and make the next day safer than the one before. we've got next. dagen: rescue efforts are underway after ida tore through the southeast, millions without power this morning and there's growing concern over a lack of fuel, food and clean water. grady tremble has the very latest from lefete, louisiana. >> reporter: good morning, dagen. the tot

that's why they're going hybrid with ibm. keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ maria: welcome back. the first legal test for a covid-19 vaccine mandate, the supreme court refusing to block indiana university's requirement that students get vaccinated. now san francisco and new orleans are joining new york city to require vaccine proof at restaurants, gyms and other indoor venues. james freeman, what do you make of this. james: there are a number of suits in different places, challenging vaccine mandates. but i think this decision by the supreme court not to intervene, to allow the indiana mandate to go forward suggests that vaccine mandates are going to happen everywhere and there are many places and they're going to stick. the supreme court is looking at a case, a precedent from 1905 when the court said small pox vaccinations can be mandated. they say this new mandate actually allows some religious and me

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that's why they're going hybrid with ibm.cloud approach helps them personalize experiences with watson ai while helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ time for new reading glasses? go to readers.com! choose from hundreds of styles and colors, for under $20. and now, enter this exclusive tv coupon code at checkout to save up to 40%. that's readers.com maria: welcome back. bracing for the spending spree. the senate is said to vote on passage of the one and a quarter infrastructure bill this morning to the democrats will men turn their attention to the five and a half trillion dollar budget blueprint, the framework includes major federal investment of childcare, family leaving climate change. without supportive congressional republicans appear to join me now is washington examiner editor-in-chief hugo vernon. i know the democrats are calling this second failed in three and half trillion dollars, but as

that's why they're going hybrid with ibm.d approach helps them personalize experiences with watson ai while helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you. maria: welcome back. new questions over the origins of covid-19 this morning. we will have breaking news later today as the house foreign affairs committee is readying a report about biosafety inside the wuhan lab of virology.

i'm seema mody "squawk box" is next that's why insurers are going hybrid with ibm. cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you. >>> good morning louisiana in disaster mode as hurricane ida ripped through the state and slashing energy output from the gulf of mexico. >>> a developing story from afghanistan. the clock is ticking to evacuate american personnel and allies. the latest straight ahead. today is the 30th. one more day. >>> on wall street, investors still digesting fed speak as we prepare for the friday jobs report it is monday, august 30th. "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen andrew is off today. if you are watching the u.s. equities market, a lot of bad headlines. s&p 500 and nasdaq closed at new highs on friday. you can see right now, futures are ind

that's why insurers are going hybrid with ibm.h watson on a hybrid cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you. >>> welcome back to "worldwide exchange." i'm frances rivera breaking overnight hundreds of residents forced from homes after a condo deemed unsafe by the city of miami. 5050 northwest 7th street across the street from the airport. this is weeks after the surfside collapse killed more than 90 people the condo has 137 units. city officials are working to relocate residents. >>> severe storms canceled 300 flights at o'hare international airport as thunderstorms capable ever of producing a tornado barrelled through the area a ground stop was issued several tornadoes touched down and one twister on camera in burlington, illinois. >>> according to the new york post, a champagne shortage hitting the hampto

that's why insurers are going hybrid with ibm.use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you. does your vitamin c last twenty-four hours? only nature's bounty does. new immune twenty-four hour plus has longer lasting vitamin c. plus, herbal and other immune superstars. only from nature's bounty. >>> now to perhaps the most important story in the world that is not getting the attention it deserves. the still sky rocketing cost of shipping 40-foot shipping container, the big metal box you see everywhere, from china to the u.s., may cost $20,000 to rent consider last year they were $3,000 or $4,000 it is putting holiday shopping at risk. it is not just that. the cost of liquified natural gas and those shipping containers have soared with all of the insane prices, are there companies that may win from this? let's bring in randy giv

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