i'm leslie picker in for melissa lee. tonight's lineup ton on "fast," check out the after hours action and shares of a firm the stock rocketing higher after inking a deal with amazon. we'll have the full details coming up. plus from worst to first energy stocks rebounding in a big way topost the best week since may. we're drilling down on all of the big moves. and later we have a special edition of "fast money" coming your way, all about the fed effect how taper talks and possibility rate hikes impact everything from your grocery bills to buying a house we break it all down starting at 6:00 p.m. eastern. and we start this hour with all of those fed headlines that sent markets soaring. the s&p and nasdaq closing at new records, jumping more than 200 points as jerome powell seemed to tamp down any expectations for raetz hikes let's get to steve leishman in jackson hole this year. >> fed chair jay powell said out right he expects the fed would start tapering later this year if the economy continues to improve. but he left hi

best balance sheet i would say dal for the airlines melissa lee. >> very nice >> applause for actually doing what you're asked to do. >> for a change. >> which seems ridiculous. >> in terms of sort of down the chain, if you will, some of the aerospace companies, tim, boeing took a test flight in china, 737 max. >> the boeing story has been highly correlated to order books and what we're seeing out of demands and the books. i like what we got out of their sector i like what we got out of where they stand with regulators the bottom line for this company is we need to start seeing free cash flow. you're at 12 to 18-month recovery period. we're looking at the 23 on airline. that's where you are with boeing i'm long boeing. the worst is behind it. >> nadine? >> you know, i'm sticking away from this industry right now don't mind defense wehave a position in sales which is over across the pond but for me, the duration's the hard time. i think you have to wait a little bit on these before you enter. >> check out shares of moderna sinking more than 15% today. the recently red hot stock posting

. >> live from the nasdaq market site overlooking new york's times square i'm melissa lee. tonight's lineup -- tonight on fast, we are tracking the after hours action samoves of salesforce the call is just kicking off plus, we're watching the white house. president biden wrapping up a meeting right now with the nation's top ceos about cybersecurity. and later, tim is taking the -- his best idea. why he thinks this tech stock is a total home run investment. we start out tonight with a big break for the banks. financials leading the s&p 500 on a record day for the index. bank of america, goldman sachs, morgan stanley all posting games. this comes as the benchmark ten-year treasury yield continues to climb higher. it is now at 1.34% guy, what did you make of this big move >> well, we had a few people on over the last couple of weeks, i know tim has been loving this. jeff mills, when i hear from him as well. banks are going higher dan pointed this out a couple of weeks ago. the banks stopped going lower. that was your tell they've been off to the races ever since to me, citi is

i'm brian sullivan in for melissa lee.s coming up >> outside of the covid vaccine winners, a good clhunk of the rest of the health care sector is on life support we'll deliver a second opinion as to why this patient will pull through. >>> then, sticking with the contraian theme. rising covid cases won't round all airlines why your flight crew is still preparingfor takeoff >>> finally, the singular,

i'm brian sullivan in for melissa lee. here is what's coming up >> outside of the covid vaccine winners, a good clhunk of the rest of the health care sector is on life support we'll deliver a second opinion as to why this patient will pull through. >>> then, sticking with the contraian theme. rising covid cases won't round all airlines why your flight crew is still preparingfor takeoff >>> finally, the singular, compelling stat on the financial sector and the best way for you to fry and cash in "options action" starts right now. >>> all right. welcome back, everybody. you can see we have a big half hour ahead followed by a very special 6:00 p.m. hour jim is off tonight you'll want to stay tuned for the next hour. trust us let's jump right in and talk a little health care mo moderna hitting new highs this week not so the rest of lhealth care stocks they have been suboptimal. carter thinks the prognosis is so bad, it might be good please explain >> the focus here is will be on bio tech if one looks at some of the efts, one i

. >>> hey there, i am melissa lee, a big show on task >> trading the china crack down. beijing putting big tech in its cross hairs as alibaba gears up for earnings if baba fails to deliver >> plus, is there a doctor in the house? this healthcare stock is looking a little sick getting into earnings how you can protect yourself from catching a cold >> later, tony zang says it is not hip to be squared. it is time to risk less and make more "options action" starts now. let's get right to it. monday kicks off the second biggest week of earnings name like general motor and more. carter, kick it off. >> big week for healthcare and moderna. let's look at a few tables and some charts. the first table, one week performance, we know healthcare beats the market and amgen is well below the market and the sector the next table, again, leading the way is the healthcare sector, above the s&p and there is amgen next table, three months, same picture, you got the healthcare sector up over the past few months, 8%, the market is 5.5. amgen is down. amgen is launching up some 24% or 25% one

i'm brian sullivan in nfor melissa lee. here's what's coming up. >>> a good chunk of the melt care sector is on life support aside from the coronavirus pandemic. >>> and rising covid cases won't ground all airlines. why and how your flight crew is still preparing for takeoff. >>> and finally -- the singular compelling stat on the financial sector and the best way for you to try and cash in. it's time to make more "options action" starts right now. >>> all right. welcome back, everybody and welcome. a big half hour ahead followed, by the way, a special 6:00 hour. jim off tonight. stay tuned for the next hour trust us jump right in. and talk a little health care. moderna hitting new highs this week not so the rest of health care stocks they have been as cramer might say, suboptimal. but carter moore thinks the prognosis is so bad it might be good carter worth, please, explain. >> sure. so as a state from health care the focus here is going to be on biotech. what we know, there's been real bi by fo bifurcation. we know total n

right now. >>> good morning and welcome back to "squawk box" here on cnbc i'm joe kernen along with melissa leeff today and tomorrow and friday. melissa, noted it's difficult for you and it's only going to get worse. i don't mean coming in to see me what is it 3:00 a.m. >> i got up at 3:20. >> you've done it twice. two more times by the end of the week you'l be -- u.s. equity futures are indicated higher after some new records yesterday in the s&p and the nasdaq the fault trade is definitely up it has nothing to do with the fed. people are buying rocks or even not real rocks >> interest rates. >> but there are no alternatives to a pet rock. there is no alternative to a digital rock the >> you love knocking the rock. >> i do. i don't understand it. >> we had the conversation yesterday. >> i know we did i looked at it >> why find a rock worse any worth than buying something you can buy at walmart >> because it's something people hold dear. >> exactly here's what's making headlines walt disneyworld struck a deal with union workers which require them to be fully vaccinated by october 22nd one of th

we've got a long way to go see you back for it right after this >>> i am brian sullivan in for melissa lees on tap. >> if you can't build it, they won't come carter worth explains what lowe's is lacking, going into earnings next week then, charge decline tony zang has his eye on amex, and arranging another form of payment for you. professor go is highligh

i'm melissa lee. it is national dog day as reminded me. >> thank you for bringing that up that way i don't have to >> i knew you were going to. might as well nip it at the bud. taking a check at u.s. futures at this hour we saw the -- closing at the 51st record high in yesterday's session. looks like a slightly down day here at least at this very early hour for the s&p 500 as well as the nasdaq 31 1/2 points. i want to check out the reopening names on how they're doing premarket. starting with the gambling stocks here. we'll go through cruise lines and airlines gambling stocks here as you can see are higher this is i believe for the week the stocks seeing similar chart action and so have the air line stocks we want to check out treasury yields here. that is going to be a key driver we saw a big move in yesterday's session. that's where we stand right now. it seemed to touch the upper band of a trend line that had been in place since april. and so at least one technical analyst said 1.45 looks like it'

>>> i am brian sullivan in for melissa lee tonight, here's what's on tap. >> if you can't build it, they won't come carter worth explains what lowe's is lacking, going into earnings next week then, charge decline tony zang has his eye on amex, and arranging another form of payment for you. professor go is highlighting institutional only moves but then he and the rest of the team will show you how to follow suit with a suitable alternative for individual portfolios, it's time to risk less and make more. options action starts right now. >>> all right, welcome, everybody, big box retailers of all stripes, out with their quarterly numbers and their guidance next week the rates or reopening pause, all are facing fresh head winds, and carter worth thinks that one may be destined for a new low. so to speak, i guess, carter. >> well, that's right, we're going to talk about low, the ticker, the name is lowe's, and let's get right to the charts. to the first of two comparative charts, the chart you're looking at is a two panel, the top is lowe's itself and the bottom is relative performance to the

>>> hey there "options action" fans i'mlessly picker in for melissa lee. we have a big show coming your way. here's what's on tap >> going for the gold, the chart master sees a shiny new opportunity, as the dollar rallies to a nine-month high carter worth is breaking down the charts >>> plus, may the force be with you. tony zhang is looking to the cloud as salesforce gears up for earnings, why he's betting this name could start raining profits. >>> and later, buckle up mike cohen is putting the pedal to the pedal will this stock get the reports next week. it's time to risk less and make more "options action" starts right now. >>> we kick things off tonight with a big breakout for the u.s. dollar the green back hitting a nine and a half month high and the chart master says there's a golden opportunity in the rally. let's get to carter worth to chart the action carter >> well, lesley, let's look at that dollar again and let's look at gold. so, the first chart is -- let's spend a bit of time on this. the symmetry, the analog of the prior move, it's remarkable

>>> hey there, "options action"s fans, i'm leslie picker in for melissa lee. we have a big show on deck here is what is coming up. >> announcer: stocks soar to all-time highs but will rising risks derail the rally? if you think we're in for a september sell-off, mike khouw lays out a way to take some protection plus a tale of two charts in the cloud. chart master carter worth sees the best and worst of times. for two big names reporting earnings next week and later, chew on this. tony saying is finding big opportunity in this $37 billion company on deck with results we'll lay out the trade. it is time to risk less and make more "options action" starts right now. >> all right, let's get right to it we start with a record finish to the week on wall street. the s&p and nasdaq closing at new all-time highs but mike khouw said beware, there are three risks rising risks that could derail the record run mike, kick us off. >> yeah, so i mean obviously here we are at all-time highs. i i think it is clear that we're at all-time highs because of powell's comments that a

. >>> hey there "options action" fans i'mlessly picker in for melissa lee.have a big show coming your way. here's what's on tap >> going for the gold, the chart master sees a shiny new opportunity, as the dollar rallies to a nine-month high carter worth is breaking down the charts >>> plus, may the force be with you. tony zhang is looking to the cloud as salesforce gears up for earnings, why he's betting this name could start raining profits. >>> and later,

two, to put on their detective hat and really work that hard to figure out who we were >> now lee, melissand, and jerry and his wife in texas have a special friendship the mortons have their memory card, and jerry got a huge shipment of crab cakes from maryland jerry also convinced go pro to replace the morton's camera. >> it just feels very much like they deserved this to get this back, to have these memories forever. and now i feel like i've got a go pro bro lee and his whole family we just wish them nothing but the best >> what a great story. at least for that go pro there's no icloud where they can get those pictures back. so to have those memories and family friendly images and not anything kind of, you know >> you would have probably seen that story reynaldo. >>> right now at 4:30, california wildfires sending massive amounts of smoke into the sky. now the bad air is here in the bay area. we're tracking that unhealthy air quality that we will all be dealing with. >>> power is still out for thousands. strong winds leading to pg&e cutting electricity for people up and down the state. w

melissa lee? sorry that was such a long answer, but, back to you. >> perfect got the numbers. ery much andrew >>> thanks, melissa. >>> meantime right to our next gig interview of the hour, talking about amc after reported second quarter results last night. other meme stocks and so much more, jim chanos, president and founder of kynikos associates. great to have you on the program, jim you have been watching this meme stock phenomenon for quite some time now i think somewhat baffled, as i have been, but curious how you see the earnings report that we just saw from amc last night, and the support that amc seems to be getting from its retail shareholder base >> well, first of all, thank you for having me, andrew. it's good to be back yeah, well, of course, the retail basis is crucial to all of the meme stocks, and particularly amc and the ceo who i think is coming on within the hour on one of your own shows played that up last night on the call as he should the problem, of course, is that everybody is looking at this versus last year, and versus the street's expectations more rece

i'm filling in tonight for melissa lee. tim seemo, dan nathan, and jonathan, a semismackdown, the worst days since march, it's not the only chip getting checked. a couple new names on the market we're dialed into the calls from airbnb, sofi, and bringing you all the details. marijuana stocks getting snuffed out, but are they about to light up we'll talk to the ceo of one cannabis company >>> disney surging after hours let's get to kristina partsinevelos with the details. >> the transformation from media legacy to direct to -- the company posted a larger than expected beat. with a beat with revenue at $17 billion. higher than expected subscribers. bob chapek weighs in on the call right north. breakdown from our beloved brands, including quarterbacks luca, "loki" and we have continued to launch did i any plus in new markets. >> the average monthly revenue per paid subscriber for disney decreased by 46 cents, because they and the new subscribers even though there's still no meet-and-greets with mickey and mickey, they posted t

. >>> good morning welcome to "squawk box" here on cnbc i'm melissa lee with andrew ross sorkin we are looking at a higher open building on the record lclose. dow up 44. nasdaq with the weakness looking at treasury yields we saw a snap of a winning streak today, the 10-year is 1.352% andrew. >>> we have a look at a letter you have to hear about the letter carson block's first investor letter sent yesterday on wednesday morning. according to a source familiar with the fund, block launched the domino fund after the game stop saga. since february 16th, that fund returned 10.9% since august 6th. what is fascinatingabout the letter, more than anything, is his acceptance of how wrong he has been and how wrong shorts have been about tesla over time. he writes in his letter about his views on tesla and elon musk and frustrated he was with elon musk and how he missed the larger issue or scale, if you will, when it came to tesla and whether they get to that scale relative to volkswagen or gm that was the big missing piece for him. it is fascinating read i don't know if we will post it online we

. >>> good morning and welcome back to "squawk box" here on cnbc i'm joe kernen along with melissa leeff futures at this hour are indicated up a little bit, tough session yesterday. not as tough as i felt and all of us felt but you knew the market probably wasn't going to be able to the trade higher the market has a mind of its own. it's more focused on powell than the other events happening globally but the nasdaq is doing pretty else up about 53 and s&p is up 13 but we did pull back yesterday >>> fed chairman jerome powell expected to make a speech later this morning at 10:00 a.m. investors are waiting to hear if powell will give more specific information about the fed's plan to begin tapering asset purchases. shares of peloton are falling. a wider than expected loss in its subscription numbers peloton announced it would cut the price of its flagship bike by 400 bucks and peloton has been subpoenaed by the government for documents aligned with injuries. apple will look at users to tell them about commissions this comes as apple awaits a ruling in its legal battle with fortnight. >>>

. >>> good morning welcome to "squawk box" here on cnbc i'm melissa lee with andrew ross sorkin and scottreasury yields we had them stable yesterday in fact, all markets were stable yesterday. s&p 500 with the

>>> live from the nasdaq markets overlooking new york city time square, i'm melissa lee. co-founder of market rebellion.com. we're all over the action shares of amc the reddit favorite stock kicking off the latest earnings call recent losses today but one notable name sat out the rally what it says about the sector. later, a kiss for crypto rocker gene simmons has been setting on the biggest on doge coin tell us why he's so positive on the crypto space gold at the lows of the session. april of last year silver is now down 8% in past week copper and lumber, you know, also down. does smod commodity sell off give you pause for concern transitory as the fed says what are your thoughts >> i think it tells you that think think or crude who firmed up the dollar, who firmed up the ten-year u.s. treasury yields. they think the fed will start to taper soon if you go back to 2013 in the december meeting, the fed started to taper bond purchases in 85 billion a month to 75 trillion and they started tarping $10 billion. if you look at the risk assets that we talked about, that would si

. >>> good morning welcome to "squawk box" here on cnbc i'm melissa lee with

. >>> good morning welcome to "squawk box" here on cnbc i'm melissa lee along with andrew ross sorkinmorning. >> welcome so much numbers with the jobs and markets. it's something. >> as you mentioned, equity off the lower. the dow opening down 88 points s&p 500 looking to lose 76 treasury yields. we hit

. >>> good morning welcome to "squawk box" here on cnbc i'm melissa lee with andrew ross sorkin joe andat declines in the s&p 500

may not be said as the second hour of "squawk box" begins right now >>> i'm joe kernin along with melissa leet that. it's august. is it the dog days of august >> it has nothing to do with -- >> national dog day is coming up. >> is that today >> thursday. >> you would know. >> we're preparing some treats. >> treats? >> some treats u.s. equity futures at this hour are up a little bit. nice day yesterday good day on friday up 70 on the dow up 9 on s&p. nasdaq up 49 if we could look at individual issues, probably be better than just the averages. right? >> how can we do that? >> as a result let's get to dom chu. we moved him in to position very, very quickly because you're needed, dom good morning. >> good morning, joe good morning, melissa. first of all, my two dogs get treated better than i do around the house. the dog days of summer are pretty good for them let's look at the issues and the movers we're seeing. from a thematic standpoint, something melissa said is playing out, that is the resumed leadership of communication services and retail as evidenced by the record highs we saw in the nasd

>>> the nasdaq market syceite overlooking new york's times square i'm melissa lee. the big three with us tonight. on "faster track" after-hours action shares of uber and etsy, and roku and gm, how traders play the drop and later leveling the playing field. what s.e.c. chgary gensler said. start with "the" stock story of the day. robinhood taking investors on a joy ride stock surging as much as 81% before triggering several trading halts early in the session. robinhood closing out the day with a gain of just 50%. now up 85% since thursday. what's driving the wild action shares of robinhood? kick things off with kate rooney with the story. >> reporter: melissa, quite a turnaround for robinhood stock touched $85 earlier. well above where it debuts last week stock ended the day around $70 per share. it was the second most traded name on the nasdaq today only behind amd. halted a few times for volatility today as far as trading volume, surpassed its ipo day with more than $8 billion worth of shares changing hands the stock still seeing pretty thin trading that's tanks to

i am dominic chu in for melissa lee tonight and your trader lineup for the evening, dan nathan, guy adami, tim seymour and karen finer man as you're seeing right there tonight on "fast" we are tracking the after hours action in shares of robinhood, nvidia and cisco as well. all three stocks on the move as you can see right on the heels of earnings reports. we are going to break down their respective quarters straight ahead. >>> plus, x marks the spot shares of u.s. steel in rally mode today up 4.75% in the trade. how are traders playing this 4% move higher? later, one of our traders is calling this chart the best looking one in the market right now. why they think a breakout is building in that mystery chart that's coming up we first start with that earnings triple play as i just mentioned. robinhood, nvidia and cisco all on the move in the after hours session. robinhood down 5.5%. we've got full coverage team wise of each of these names. christina is standing by, josh lip lipton is digging into nvidia and let's start with leslie picker with the first on robinhood. why is the stock down?

know melissa lee said david lee roth's van halen was the only van halen. >> she knows. >> i didn't know there were different singers. >> i didn't know >> black stoen deutsche bank. >> thank you all for bearing with us and watching "fast money. see you back he moertorrow at 5. "mad money" with jim cramer starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, just trying to make you money. my job is not just to entertain but to educate call me at 8-800-743-cnbc or tweet me @jimcramer. if you listen to the conventional wisdom on wall street, you'd think jay powell dropped the ball inflation is here and it's here to stay but the people pushing this narrative couldn't be more wrong. soon i am predicting that they will have to eat crow. jay powell is smarter than the inflationistas he's cooler than the inflationistas fed chairman is not a

i'm melissa lee. tonight's lineup -- tonight on "fast" 4,500 seeing the s&p 500 heading by end of month. what will get us there and trends that lead the way plus, simon properties back to earnings reports calls underway bring you the headlines and turn on the semistock that brought it to brand new highs give you the name later in the show start with a $29 billion deal that sends shares surging today. kate rooney has the details. >> reporter: shares of square closing more than 10% higher today on the back of news that it is buying the australian fintech overage installment loans. a $29 billion deal in all stocks price tag about a 30% premium after pay close australia friday expected to close first quarter of 2022. square also reported second quarter results earlier than expected as a part of this announcement gross profit jumped 91% from a year ago, and also helped the stock today. ceo jack dorsey highlighting younger consumers ditching traditional revolving credit instead they want interest-free insta

. ♪ >> good morning, welcome to "squawk box" here on cnbc, i'm melissa lee along with joe kernen who. >> who barked like a dog. >> just like a dog beckyand andrew are off today, a check on u.s. equity futures at this hour, the s&p and nasdaq

i'm melissa lee.ational dog day as reminded me. >> thank you for bringing that up that way i don't have to >> i knew you were going to. might as well ni

nothing better fire eye, melissa lee. >> i forgot about the sour dough conversation thanks for watchin >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money," other people are here to make friends. i'm just here to make you money. my job is not just to entertain, teach, call me 1-800-743-cnbc or tweet me @jimcramer. i'm trying to be jimmy chill, and i keep seeing people say the dumbest things and it's beginning to drive me nuts this morning, it was some analyst talking about how you can track every move in this market by watching the fed and the money supply i don't know whether to laugh or cry, tears of a clown. the dow edged up 39 points, gaining 2 .2%, nasdaq advanced 1.2%, a record close this whole notion of the fed as grand inquisitor is so out of touch with reality, with the warfare of the moment, you know what, makes me want to gag you don't want to see that forget the big picture stuff there are

i'm melissa lee. tonight's lineup tonight on "fast," we're tracking the after hours action, shares of drop box and expedia and virgin gal acic moving and robinhood retreated. we'll dive into what is driving this action. and later nadine is pitching her next best idea why she thinks this auto stock is ready for the fast line. we'll bring you the name but we start off with the risks to the reopening the delta variant continuing to spread with more than 100,000 new covid cases reported in the last day that is causing companies to delay their return to work plans. the latest amazon, which said it will not require employees to come back to the office until next year. it joins a ranks of blackhawk and twitter and others pushing back returns meantime, other major events like the new york auto show have been canceled and causing consumers to tighten purse springs. new data from bank of america showing credit card spending has slowed but with the s&p, is there already a delta induced slowdown or are investors

i'm melissa lee. tonight's lineup -- tonight on fast, the biggest bull on wall street says let the good times roll wells fargo's chris harvey sees another 8% upside for stocks by year end he'll tell us when we'll get there and when he see it the record rally running out of steam. plus, the rally surging. we'll break down how the traders are playing this move and we're all over the after hours action. shares of toll brothers and nordstrom. we'll dive into those quarters straight ahead but we start off with a massive rib in chinese tech. soaring more than 11%. it is now up more than 14% already this week. look at the gains today. in names like pinduoduo, jd.com. but are worries about china's regulatory crackdown behind us or is this just a giant head fake for the sector? is there an emerging market specialist in the house? yes, there is in tim what do you say? >> there's a few factors, but you had some macros, support economic policy with monetary policy a couple of interesting dynamics, the change has

i'm courtney reagan and in tonight for melissa lee. tim seymour and karen fieder man and nadine terman and guy adaumy the stock falling 4% as u.s. highway officials launch an investigation into the auto pilot system of tesla. and we're tracking the after hours shares of ten cent music we'll take you inside of that quarter. and later break out your credit card we're gearing up for a big week of retail earnings we'll dive into the key names that need to be on your shopping list but we start with another record day on wall street the s&p 500 and dow closing at all-time highs for the fifth straight day the s&p now officially double its pandemic lows. move coming as fed officials grow supportive of starting to wiends down the central bank bond purchase program. let's get the latest from steve liesman who just spoke with eric rosengren. what did he have to say? >> he basically agreed with the general idea about the federal reserve merck committee looking to coalesce around tapering as pet purchases in september and begin reducing them, and h

i'm melissa lee with joe

i'm melissa lee. tonight's trader lineup. tonight on "fast," the chart master said beware, carter worth and why he said do not buy this crude collapse andtracking the after hours actions. applied materials is on the the move the call is now underway we'll bring you the trade off and the report and later the auto stocks hitting bumps in the road today. we'll break down what sent shares of ford and gm into reverse. but first pop the popcorn, because we are starting with a wall street thriller throwback one of the traders say i know what you did last summer they're worried we could be in store for a replay of last year's blockbuster by a shocking september sell-off so no surprise, it is dan who draws the comparison. >> he could have done that too. >> what did you see? >> so last summer it was a rip roaring rally and we all were kind of scratching our heads trying to figure out what was going on here and the level of complacency was high in september the calendar turned and we have stocks going down in what felt like a straight l

. ♪♪ >>> hey there "options action" fans i'm leslie picker in for melissa lee.alesforce gears up for earnings, why he's betting this name could start raining profits. >>> and later, buckle up mike khouw i

i'm melissa lee. tonight's lineup tonight on "fast" we're trading the china crack down chinese tech stocks falling. we're breaking down the full fall out and the home building stocks getting hammered we'll tell you what happened for the first time in over a year that sent these stocks tumbling. and one of our trader chasing a real loser and why they're seeing opportunity in this beaten down game stocks pulling back from all-time highs and the s&p and dow snapping five day win streaks erasing the gains for the month of august. industrials and consumer stocks seeing most weakness as the consumer takes center stage. walmart and home depot under strong pressure. retail sales coming in weaker than expected. so what is the read on today's market kick us off. >> eight tenths of a percent worse than expected. and building materials, furniture sales that was a big bright spot and a signal that the consumer was ready to spend and be supported by a tail wind in housing maybe we've seen as good as it gets even th

and i'm melissa lee. tonight's lineup tonight on "fast," we're tracking lyft and caesars both stocks on move the conference calls are under way. and plus shares of robin hood, the stock soaring 24% to close above its ipo price for the first time we'll dig into what sent the shares soaring and next pete why he thinks this home goods stock is a home run and we start off with two monster moves in retail. check out ralph lauren and under armour the companies raising risen guidance for the year as america seems to be on a shopping spree. a new report from the new york fed showing consumers are taking on debt at the faeftest pace in more than a decade soaring about $313 billion in q2 as we count down with walmart and target and more coming up in in the next few weeks. so is now the time to bet on the great american consumer. tim? >> i'm not sure. i think it is a better time to bet on the banks and i think the retail consumer following through after a pandemic with a lot of money in the bank for the first time,

i'm andrew ross sorkin along with melissa lee and joe and becky are off today.wo of us this morning. take a look at u.s. equity futures at this hour after big friday jobs friday. those numbers coming in quite better than people were anticipating dow this morning off 123 points. nasdaq looking to open slightly higher 4 points higher. s&p 500 off 9 points we should mention oil prices are under pressure again as well wti with the sharpest weekly decline in nine months expectations on the move for the federal reserve. senior economics reporter steve liesman is with us this morning on how that outlook may be about to change or not what do you think, steve >> well, i think this bigger than expected jobs and upward in expectations of more large payroll gains to come, andrew. they've introduced the possibility of afaster fed, quicker move to tapering the $120 billion in monthly bond purchases. michelle myer of b of a writes the july jobs report leaves september in play for a taper announcement with contingent on another very strong jobs report next month strong job gain

. >>> good morning welcome to "squawk box" here on cnbc i'm melissa lee with andrew ross sorkin and scott woapner. the dow is looking to be up by 62 as for treasury yields we had them stable yesterday in fact, all markets were stable yesterday. s&p 500 with the narrow range before the pandemic. 10-year yielding 1.346%. scott. >>> the fda authorized covid booster shots for people with weakened immune systems. people who received organ transplants or compromised immune systems the cdc needs to sign off on the move advisory committee will meet today. if approved, third shots could begin immediately. about 3% of americans have weakened i mmune systems. other people who are fully vaccinated do not need additional dose of covid vaccine at this time >> we were just talking about this. >> the cdc saying the delta variant spread so rapidly, more than 90% of counties with high transmission those counties meeting the guideline for people wear masks indoors whether vaccinated or not. new orleans and san francisco will require evacuativaccinatior restaurants and gyms and other venues news out yesterda

i'm andrew ross sorkin along with melissa lee and scott wapner in for becky and joe and joining us this "shark tank's" kevin o'leary but most importantly he is the new host of "money court" that premiers tonight 10 p.m. eastern and pacific time he's going to help solve some of our financial arguments this morning, along with the judge, mr. wapner we'll do both. let's show you u.s. equity futures. 2 1/2 hours before the market is set to open. the dow looks like it would open up a little bit higher, 14 points higher. the nasdaq off 22 points the s&p 500 looking to open off 2.5 points >>> here's what's making headlines this hour. the senate has passed a $3.5 trillion budget blueprint working through the night to do so it contains a host of president biden's spending priorities. it was approved by a 50 to 49 margin along party lines after votes on nearly 50 amendments that took 14 hours that followed yesterday's bipartisan approval of a $1 trillion infrastructure plan delta, southwest and american airlines will not require unvaccinated workers to receive covid-19 shots although they are str

i'm filling in tonight for melissa lee.ackdown, the worst days since march, it's not the only chip getting checked. a couple new names on the market we're dialed into the calls from airbnb, sofi, an

i'm melissa lee.p -- tonight on fast, the biggest bull on wall street says let the good times roll wells fargo's chris harvey sees another 8% upside for stocks by year end he'll tell us when we'll get there and when he see it the record rally running out of steam. plus, the rally surging. we'll break down how the traders are playing this move and we're all over the after hours action. shares of toll brothers an