the nasdaq up about 0.2. in terms of today's power movers, the lithium stocks all in the green today about 3.5 to 5% gains but they're coming off a pretty crazy run albemarle is up. express shares sinking the company reporting an unexpected profit. it beat revenue expectations look how the shares reverse lower down 8%. and the home construction names are higher again today toll leading the way up more than 4% boating out earnings and revenue citing low inventories in the housing market and low rates lifting the whole space today. tyler? >> thank you, kelly. delta airlines, goldman the most recent mandating employee vaccinations or pay a health insurance surcharge of$200 a month. goldman sachs requiring all people entering its office in september have to be fully vaccinated the companies joining names like microsoft, disney, cisco, netflix in instituting those employment mandates. we will continue to track where companies stand on this issue. >>> still ahead on "power lunch" the nasdaq trading above 15,000. th

100, the nasdaq 100 equal weighted index and nasdaq 100 tech index this week. josh you're an owner, do you see the upward trend continuing as it enters the nasdaq 100 >> i mean, i hope so technically there is no reason it wouldn't. the stock is definitely volatile i bought it last september so i'm not even in it a full year meaning i don't have a long-term capital gain of it yet but up over 100%. and i've been superbullish on this a long time during up days and down days. and i get plenty of stocks wrong. but this one i feel like i really got right and i think the story -- the best is yet to come. look, you have to think about fogeltanz addressable market when you look at sass software companies or annually recovering revenue stories. and i would argue that cybersecurity is one ever the biggest tams in all technology it's unavoidable inevitability that every company in the s&p 500, every government around the world is going to have to spend more, not less, with every passing year on cybersecurity. and crowd streak's falcon x platform from everything i've read a

the nasdaq closing its 27th. the dow is half a percent away from its own record high turning to the bond market 10-year yield. holding steady at 1.24%. 2-year treasury yield 0.21%. investors are dpegearing up fore jobs report at 8:30 a.m. eastern time estimates from 350,000 added on the low end to 1.2 million on the high side of things. yes, the whole estimate picture very much runs the gamut here. >>> to the early trade in europe, we have positivity joumanna bercetche is in the london newsroom. happy friday morning, joumanna >> dom, a little bit of positivity a cautious trading session for europe capping off a very strong week of gains actually the best week for the stoxx 600 in the last five months with the major index making record highs. a strong week with earnings. in terms of the breakdown, ftse 100 in the uk trading below the flat line. digesting the hawkishness. ftse up four percentage points cac france trading in negative territory. a key performer on the market. the automaker up 8 percentage points this

why is nasdaq's diversity push so important?nk it is an exciting move that is very much welcomed and sends a strong single not only to these firms listed on the nasdaq but also the broader ecosystem, that diversity is notjust nice to have but so important for business that it is being regulated. truth? important for business that it is being regulated.— is being regulated. why is it so important _ is being regulated. why is it so important for _ is being regulated. why is it so important for business? | is being regulated. why is it - so important for business? what is the benefit to shareholders who may look at this and think hang on, this is something we now have to grapple with. i think it is absolutely something that shareholders have to grapple with but i think we already eyes now that in this world of multi— stakeholder capitalism, —— what we realise. there is a variety of other stakeholders and those companies that succeed in the long—term will also be thinking about creating a compelling situation for —— employees and bo

>>> live from the nasdaq overlooking times square, this is "fast money." we are all over shares of coinbase after they reported earnings a conference call kicking off in 30 minutes we are bringing you the headlines. a big box breakout walmart has been lagging costco for months that's about to change a moderna meltdown shares that nearly doubled in the last month, but one analyst says it's ridiculous you won't believe where he says prices should be going >>> we start off with material gains. the dow industrials jumping to a new report after the senate passed an infrastructure bill. the s&p eeking out a high. check out the moves. cleveland cliffs at levels not seen since 2014. u.s. steel up more than 4% what do you make of the moves? >> first thing, tim has been on this for a while and i will say a lot of things he is thinking or might say u.s. steel, $28 stock, $29 stock, you can make an argument that things have never been better for the steel industry. it's running better. breaks out above $30 i don't think it's getting back to the march 2018 levels of $4

nasdaq, let'

nasdaq above 15,000.cks, the tech stocks can continue their record run today as well futures, they are higher hope you have a great day wherever you are "squawk box" is next take care. your doctor gives you a prescription. let's get you on some antibiotics right away. you could have it brought right to your door, with free 1-to-2 day delivery from your local cvs... or same day if you need it sooner but at a time like this, aren't you glad you can also just swing by to pick it up? and get your questions answered. because peace of mind is something you just can't get in a cardboard box. that's healthier made easier. at cvs. 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 build

s&p and nasdaq set to close at brand new records.he s&p, the 28th for the nasdaq and look at these three names, all about to close at brand new records, microsoft, google and nvidia, nice. perfect segue here, "countdown" closer really likes one of those names as we visibly enter what might seem early for autumn themes. we're talking about the pumpkin spice at all the places but the "countdown" closer who is with us today says you could be ahead of the game with three names that can keep your portfolio in the green as the leaves turn red, orange and yellow. john treanor, 10 billion-dollar man, peoples united advisors and one of those names, john, is nvidia. you like this one as a fall pick but it is hitting a brand new record. i think said google instead but it is actually nvidia. >> correct. nvidia has been a great stock for us. we have held it for a while. it had great earnings and follows through from last week. nvidia is unfortunately benefiting from from what intel is losing from the data business. as we head into the fall we thi

for the nasdaq it ever closed there.h a couple minutes left. we have breaking news, popular i glass-maker warby parker filed for a offering up to 50 million a share, i'm sorry, up to, can i see this here? $50, what is it, guys? how many shares? okay, the company just filed the s-1. says warby parker going public on the new york stock exchange by direct listing under ticker symbol, wrby. and props to that company which started during the financial crisis and recession. gutsy and now they're going public. 15 million shares of class a common stock. i have a got a question for all of you. are you single stock kind of investor or etfer? you feel more comfortable with baskets of stocks? we have sam stovall heretofore both types. sam stovall, director of research and analysis and favorite stoke pick and etf. let's hear it, sam. what do you like right now? >> hey, liz, good to talk to you again. you no how the definition after investment strategist when the analysts do the work and i take credit. so i want to take credit for wha

we are seeing some gains in the nasdaq after starting the day in the red. the nasdaq up more than 1% on expectations yields will remain low and we will get out of this growth scare in short order. the s&p up .8%. oil continuing its declines and yields going slightly up. still pretty tame going into next week's jackson hole con fab . let's bring in katie cry filled with more. >> i am keeping our eyes on yields. it is pretty interesting to watch but it is hard to reach too much into anything when we are on a summer friday, low trading volume. we are still in that range. what strikes me is how little conviction there feels like behind any move. we have been talking about that bank of america call. 1% range of where we could go. you also have jp morgan and goldman downgrading their year and forecast for the treasury yield earlier this month. if you look across the street, strategist don't know where to go. we debate the same sort of things, where the variant will take us, what the fed will do. that is clouding the outlook for everyone. lisa: are you seeing a la

look at nasdaq up 77.oining right now cornerstone macro and chief economist nancy lazar, fox business dagen mcdowell and former trump security author adviser kt mcfarland. nancy, i've been interested in reports recently. let get to first these markets and the reaction to an economy that has seen peak growth and yet the market keeps hitting record highs. tell me your assessment on the backdrop first, the macro story, have we seen peak growth? >> well, we probably have peak growth, you can't grow 10% forever. doesn't mean we slow sharply. consumer income at record high as a result of the strength in profits you're seeing a very robust job outlook. you basically have healthy consumer income, healthy consumer balance sheets along with a very strong corporate sector and the private sector is really driving growth. you have seen a very successful hand ah because of the health from the policy side to the private sector driving both. that doesn't mean there are bumps in the road. supply chain disruptions is affect

seems as if the nasdaq is able to hold its own. look at the nasdaq 100 versus the dow jones industrial average over the last year obviously, neck and neck different phases of out and under performance, but this is actually dated to september 2nd of last year, which was that huge relative peak in nasdaq last summer this time, a massive melt-up in faang-type stocks almost to exclusion of everything else. since then worked off relative excesses still staying in an uptrend. even, by the way, with amazon doing absolutely nothing over this period. it has been a relatively well-balanced market up to now look, too, what's happening to valuations of the nasdaq 100 majority of the marketcap and earnings power of the overall nasdaq trended lower. obviously, this is coming from an elevated level. 32 times earnings, a 20-year high in forward pe back then but compressed down to 27, 28-ish. still a premium for the s&p 500. one of about 25% to 30% versus the s&p as opposed to back then more like 1.4 times the s&p's multiple seems like we've had mo

we got to call inaudible here, look at the intraday of the nasdaq, the nasdaq is at session highs thisfor powering it higher the cloud-based human resources software providers at the top leader board point getting the job done right now for its shareholders, workday on track for its biggest single day percentage jump in nearly a year , how much? 19.6%. today's surge coming after better-than-expected quarterly results which included a 23% pop in subscriber revenue from last year. workday taking aim at its eighth straight sessions of gains nice $23 and change move there. meanwhile, peloton sweating out a new twist in its treadmill controversy shares of the high-tech fitness equipment maker plunging about 8.5% i believe that's not the session low as bad as that looks in reaction to news that the departments of justice, homeland security, and the sec are all in vest it gating injuries including the death of one child that came from accidents involving peloton's tread plus. add in a pretty significant miss on profit estimates as well as disappointing revenue , subscriber figures and guidanc

nasdaq and s&p both on pace for record closes. the nasdaq is virtually certain.04 right now. s&p is needs 20.4 points, we're up 23. so, yeah, we're there right now. and in a true frankenstein moment, the trading platform that helped create the monster of meme stock mania -- and we say that with love, monster -- now itself kind of becoming a meme stock of stocks although the wall street bets crowd might disagree. robinhood officially topping the wall street bets mentioned list for the second straight day, the same chapter responsible for gamestop and amc's meteoric rides, but robinhood at this hour losing 27% of the roller coaster that we saw. that's a sizable drop after a four-day rally that fueled its shares to double in value. as they stand at 50.98, $50.98, let us get to other volatile stocks this week. chinese video gaming stocks, they're down at this hour as china state immediate. >> throws it -- media throws its support behind higher taxes for the industry. this follows an all all-out regulatory blitz in the country, but our countdown closer says don't coun

record highs for the nasdaq 100 both down.yber security survivors especially on the move announcing buying rival firm mcafee is surging 11%, strong earnings beat story. stay-at-home stocks are dragging the nasdaq 100 lower today zoom, docusign, pelloton down, continuing weakness all week to the bond market we go huge ten-year auction just took place. more of the fallout with rick santelli rick >> absolutely. last week, we lifted off of 112. and 25 basis points exactly in new york this morning. look at the intra-day chart. we hit 1.37% many are looking at what the next area to pay attention to is many are look at this july 13th levels, july chart, close of 132. that bump on the left, we'll see h higher yields. i personally like to go back to 2012 and 2016. that chart shows you a double bottom, precovid, all-time two closing yields in july, those respective years just under 140. we stop today at 137 now this is good resistance. does that mean the move is going to come back down and yields are going to go back to prices higher pr

at nasdaq, we call it the "era of impact." and we're at the forefront of it.nnovating technology, data, and insights to help you deploy an esg strategy to be seen as the company you aspire to be. jerry is here! j! mate, how are ya!? it's so good to see you. good to see all of you, yeah! why is jerry so... popular? it's been like this ever since we started using workday. what do you mean? it makes it easier to develop great relationships with our suppliers. now everyone, everywhere loves jerry. they sure do. they do. they really do. mmhmm. workday. finance, hr, planning and spend management for a changing world. >>> let's get a gut check on pinterest. removing the stock from the focus list they believe the lower guidance is due to a decrease in online sales as traditional stores reopen shares are in the red this morning, down over 1% and down more than 13% this year. >>> as we head to break, noted apple analyst reporting that the iphone 13 will support satellite communications, meaning that you'll be able to make calls and send messages in areas without 4g or 5

same for the s&p which is edging towards 4500 the nasdaq hitting an intraday high crossing above 15,000, now adding 13 points to that reopening stocks are certainly getting a lift las vegas sands, southwest, norwegian, all of those names up 4.5 to 7.5%. and best buy shares are rallying after reporting a 20% rise in sales and raising its outlook. look, they're up another 10% one of the pandemic beneficiaries. they say consumers are still upgrading their devices as they continue to embrace working from home and there are two forces playing out in the market which we talk a lot about. wage pressures and the shipping crisis our next guest is using these two concerns to decide which stocks to bet on, and he says he can get the stocks even cheaper after jackson hole this week let's bring in greg branch, managing partner with veritas financial group. let's start with the names >> sure. >> go ahead. >> actually i'm going to start with the dynamics. the dynamics are that we're waiting for the fed to announce and it's a when not if that they are turning their attention away from trying to help th

the nasdaq and the nasdaq 100 hitting new intra all time highs. the nasdaq, 15,000 for the first time ever, led by chinese internet stocks amazon and alphabet today the clu up a full percent and as i look at some of the chinese names, they are roaring back alibaba up 7.5%. pretty remarkable come back, but still what a world of pain they have been in this year. >> yeah, those chinese names worth watching so is palo alto networks take a look at that name it is up nearly 20% post earnings i'm looking at it now. just right around just shy of 19%. had some stumbles earlier. this puts it solidly in the green, carl. it is an interesting market, palo alto and the networking side around security has some products that are relevantto what investors need to pay attention to speaking of what investors need to pay attention to, we talked about this yesterday, we're going to start today with uber, lyft and the ruling by a california judge that prop 22 was unconstitutional sure to be an appeal here, but this puts labor costs and maybe even some gig business mode

the s&p and nasdaq, the s&p up 26 the nasdaq up 156. about a 1% gain here shares of global star are also soaring on a report that the next iphone will have the ability to ut lied satellite communications up 58% and a volatile day for crude it was up sharply ahead of hurricane ida's landfall adding 5% on the week just over $69 a barrel with ida is where we begin with the latest on the damage and destruction left by the storm. our own frank holland is live in new orleans. >> reporter: good afternoon, kelly. about 1 million people here are in the new orleans area are without power and air conditioning on a very hot and humid day in the aftermath of hurricane ida. you see some of the damage left behind here in this area you see this building was destroyed by the hurricane there's even an apartment crushed by bricks. it does not appear to be any injuries here. the situation is becoming des p parate for many. a lot of people told me that you see in this video they're running low on food, on water, and running out of option when is they took i

yesterday the s&p and nasdaq finished at all time highs. the nasdaq this morning is down 20 points.aq up 114, all three major indices rallied after the jobless claims eased investor fears over growth slowing down and the s&p and nasdaq were at records. european markets higher this morning, ft 100 up 5, dax index up 22. check asian markets overnight, mostly lower on the session. but it was fractional moves pretty much across the board. meanwhile, some of the other headlines that we are watching this morning. the ceo of spirit airlines is apologizing to customers for ongoing cancellations. since sunday, spirit has canceled more than 1700 flights. cancellations are being blamed on technology and staffing shortages. they're expected to last another few days, a bit of a nightmare at the airport these days. meanwhile, the creators of south park signing one of the largest deals in television history to stay with viacom cbs. the $900 million deal will extend the program through a 30th season, bring 14 original south park films to viacom cbs, newly rebranded streaming service, paramount plus

at nasdaq, we call it the "era of impact." and we're at the forefront of it. innovating technology, data, and insights to help you deploy an esg strategy to be seen as the company you aspire to be. and there you have it— -woah. wireless on the most reliable to helnetwork nationwide. esg strategy to be seen wow! -big deal! ...we get unlimited for just $30 bucks. sweet, but mine has 5g included. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. switch to xfinity mobile and save hundreds on your wireless bill. plus, save up to $400 when you purchase a new samsung phone or upgrade your existing phone. learn more at your local xfinity store today. >>> highly anticipated trial elizabeth holmes underway. according to court documents, she could employ an interesting defense. scott, what do they have planned? >> this comes in court documents that are newly unsealed in which elizabeth holmes tries to place the blame on sunny balwani, the former chief operating offic

it was the nasdaq and s&p 500 making headlines, unchartered territory.he s&p up 10 points, the nasdaq up 22. beginning today's trading session in unchartered territory. european markets this morning are retreating, the indices in europe showing a decline on the ft 100 by 123 -- ft 100 by 23, the dax lower by 89. south korea raised interest rates, also the chinese tech names sliding on weak earnings and that regulatory crackdown, shanghai composite down better than 1%. "mornings with maria" is live right now. now some of the top stories that we're watching this morning. the u.k. reporting a high threat of a terrorist attack and the kabul airport, it could be coming imminently. and the u.s. embassy in afghanistan issuing its own warning as thousands of trapped americans and afghan allies are told to stay away, given these new threats that we are learning about. it comes as secretary of state antony blinken admitted up to 1500 american citizens remain stranded behind enemy lines this morning in afghanistan. the secretary shockingly blaming them for their si

nasdaq was strong. technology led the way up 228 points on the nasdaq.european stocks this morning are mixed, take a look, fractional moves pretty much across the board but the ftse 100 is down 17, cac quarante down 25. the dax index is higher by 52 right now. in asia overnight, green across the board, hong kong best performer here up 2 and a half percent on the hang seng index overnight. in the u.s. the faa, federal aviation administration launches a broad review of boeing and how it handles safety matters. cheryl casone, cheryl. cheryl: good morning again, according to faa there's been reporting boeing employees regarding ability to be transparent with regulators. a boeing spokesperson said the company takes matters with the upmost seriousness and taking steps to bolster the independence of those employees charged with reporting to faa. toking not being affect sod far. boeing shares up 3 quarters of a percent in the premarket. now the stock that we are watching, take a look at best buy, the stock is really jump right now. 4 and a half percent higher. r

now take a look at big tech because that is fueling the nasdaq rally.ple, alphabet, amazon, facebook, all the big tech are up in the early going this monday morning. here's a stock that is skyrocketing. a firm holdings that the digital payment people, i know why, there's skyrocketing. they have to do with amazon. lauren: absolutely, buy now pay later people, a lot of companies are starting to do this you pay overtime for your purchase and some amazon customers are going to be able to use that service so if you buy something for over $50 you can split it up into installments, sometimes i have to pay interest and sometimes you won't. stuart: that the 44% gain, here's another huge again from the globalstar the satellite people there up on our reports that the new iphone will use satellite conductivity, 62% up. lauren: it's a $2 stock but this is huge news apple analyst reports that the iphone 13 will use a satellite fund years ago you go on vacation to another country and you would take a satellite phone so you could reach someone if something happened and

other companies on the nasdaq are gaining more ground.w, i tell you. pepsi up 1/3 of 1%. they're selling tropicana, naked juice and other juice brands. they're selling them. susan: they're selling them. stuart: why? susan: it is not popular to drink that much sugar, right? $3.3 billion sales to the private equity group pui. juice sales dropped 20% according to one analysis. stuart: really? susan: really sugary. do you look look at the carbs? i don't know if you look when you eat or drink anything. people were stuck ad home. they're eating breakfast at home. they wanted more comfort food but overall if you look the over all trend is down for us. >> sales. stuart: now you know. susan: get rid of lagging brands. stuart: this is a tease. i'm telling you what is coming up. maybe susan will get into this one, surprising number of singles who say they have foda, fear of dating again. we'll get into that. susan: are you getting into that? stuart: no. you are. susan: oh. stuart: first silence on campus. one nyu student says free speech is endanger

nasdaq, s&p at record territory. not all that far away.he er

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we've been expressing our concern around the lack of breath in that the nasdaq has really been about five stocks. how do you reconcile that if the world is such a decent place to be investing more broadly? >> yes, our team's been looking at it under the hood, including tireless ken, who just had a baby today congratulations to ken >> congrats. >> yeah. the strength, the percentage of stocks above the 50-day and 200-day. so they're in a positive and short-term trend the cyclicals, industrial, materials, energy, they're the ones showing the biggest gain. so i think they're coming back into trend more stocks within energy so even though the energy index is down, there's actually growing strength and if you look at the s&p 500 advance decline line, that made a new high with s&p new highs. so it was not an index led by broad caps comparing the july highs to the august high, most of those gains were posted by epicenter stocks. so i think that you had broadening participation even though faang is rallying we like faang because these things are trailing the market i think they're going to ca

nasdaq continues to be under some pressure.rcent, led lower on the mbx by moderna more "techcheck" after this. i think you're going to like it here. umm, why is everyone... throwing things at me? look, as cfo it's my job to be ready for whatever's next. that's why i have my finance team, randomly hurl things at me. it's also why we use workday. it gives us insights, so we quickly pivot our strategy, people, planning, you name it. sorry, sir. i will aim straight at your next step. see that you do. would you like some coffee? workday. the finance, hr, and planning system for a changing world. ♪ zero-commission trades for online u.s. stocks and etfs. and a commitment to get you the best price on every trade, for a changing world. which saved investors over $1.5 billion last year. that's decision tech. only from fidelity. woo! you are busy... working, parenting, problem solving. at new chapter vitamins we've been busy too... innovating, sourcing organic ingredients, testing them and fermenting. fermenting? yeah like kombucha or yog

nasdaq higher by 21. s&p 500 with gains of 3 points the s&p 500 is coming off the 52nd record close. the nasdaq with the 31st now to the top story this morning. hurricane ida. battling the gulf region after landfall as a category 4 storm yesterday. our own valerie castro has the latest from new orleans on the storm. valerie. >> reporter: good morning, seema. we are coming from along the banks of the mississippi river in new orleans where things are actually relatively calm right now compared to the conditions we e saw here yesterday hurricane ida made landfall before noon as a monster category 4 storm within the last few minutes, it has been downgraded to a tropical storm we are waking up to more than 1 million people without power across the state here in new orleans, the entire city is currently without electricity. the power went out after 6:00 last night enter entergy called it a catastrophic failure of the transition system reporting 800,000 outages. city of new orleans is experiencing technical diff

stocks rallies near session highs, the s&p 500, nasdaq on track for record closes.ive how quickly we're back to the record levels, if we close where we are now. >> just barely a 2% diplomat previous pullbacks this year, about six or so, the s&p back to its 50-day average we did not nearly approach that this time. not to say it's over necessarily, but at least we made new highs, reset the clock a bit. it's interesting it's the market behaving exactly in character as it's been doing for most of this year, but also plenty of reasons or excuses for a bit of buying across the board today, whether you wanted to wait for covid cases to decides to roll over in hard-hit areas, whether you wanted a sense that it would go slower versus faster on the taper, because they're going virtual on jackson hole or approval of the vaccine by the fda, all of these things feed the story line that has been tough to turn negative meanwhile, even the crypto and meme stocks have gotten revived. >> if you're in energy stocks, you're in a bear market. if you're in airlines, you're in a bear mark

if the s&p and the nasdaq 100 both give you the sell signals at roughly the same time, demark thinksis the first time it has been a possibility since the bottom in march of last year of course, if he is wrong there's a chance the s&p and nasdaq could give you a quick two or three-day rally in a good news environment right now he thinks a meaningful top is far more likely remember, these are percentage games. all right. how about the dow? this one is really intriguing. ever since late last year he points out the dow has traded ear rattlically. yes, in a pattern that he finds eerily similar to early 1929, in the months leading you have to the great crash. he calls it the seven megaphone pattern. okay because it looks like a megaphone and it has seven stages we've seen a series of higher highs, a couple of lower lows. you could say the dow has been turning and turning in a widening gyro. it has resolved with the breakout to the upside which is similar, yes, to the big rally in 1929 before the peak. all right. let's take a look at it. in 1929 demark notes it was the seven-step pattern an

the nasdaq has joined the other major averages the negative territory.s just kicked off at the top of the hour. as dom told you, the nasdaq is down 6 points, s&p down 4, dow down 17. shares of virgin galactic getting a nice bump today after being initiated with a buy in the $33 price target at jeffries, virgin around 27 on 10% gain today jeffries think we will see 660 space flights a day. walgreens is leading the dow today. raising the minimum wage to $15 an hour and this is the best stock this year. it's up 4% today >>> and two retail names are dropping designer brands former dsw down almost 10% despite all around earnings beat. chicos also down, despite also having a huge earnings beat. both stocks have soared this year let's get to rahel solomon for a cnbc news update >> hi kelly. hello everyone here's what's happening at this hour as flights from kabul continue to bring refugees from europe, the french government there are still a few dozen french nationals left in afghanistan, including some who do want to be evacuated. french officials will do the

s&p lower and the nasdaq is down 40 points.ding by the july consumer price index out in 2-hour's time, 8:30 a.m. eastern. the dow yesterday chalked up another day after senate passed infrastructure package. s&p also at new high, up 4 and a half. we begin today's trading session on unchartered territory. nasdaq pulling back 72 points, second straight day. european markets are looking higher. ftse 100 up 36, cac quarante up 21 and dax index higher by 17. in asia overnight markets finished mostly higher, fractional moves across the board in the asian markets as you can see here. a criminal justice professor facing charges this morning for setting fires near california's massive dixie wild fire. lauren simonetti on news, lauren, good morning to you. lauren: court documents reveal that investigators put a tracker on car and found out he was in the area on saturday. firefighters try to gain ground on the raging dixie wild fire. it has destroyed 900 buildings and governor newsom declaring state of emergency. china's crack-down prompte

the nasdaq up a strong 45 points. new high for the nasdaq earlier this morning.recise. big tech, interesting day, mostly higher, except for microsoft which is reaching 90 cents. amazon is up 16 bucks. still at the 3200 level. as for bitcoin it was actually heading lower. it was holding its own earlier. now at 48,495. it is 10:00 eastern we got latest read on new home sales. lauren, good morning. lauren: good morning. new home sales coming in 708,000 units on seasonally adjusted basis. a stronger than expected increase from the month of june. june was a 14-month low, we know the reason why, the unrelenting supply issue. for july, stronger than expected. builders breaking ground on new homes, giving us more inventory that we desperately need. i know you like comparisons. the recent high, the highest since december of 2006 happened at the start of the year in january, 930,000. we've come down a bit from that high. stuart: 708,000, that is not one month annual pace of new home sales? lauren: seennally adjusted. stuart: 708,000 a year, brand new homes. not bad. lauren

the nasdaq up 1%, some all-time highs today on the s&p and the nasdaq.ith st. louis fed president james bullard plus, of course, we are following all the latest developments out of kabul and washington. more "varney" next. .. sted so many cars we've stopped counting. and built our most punishing test facility yet, in our effort to build the world's safest cars. we've created crumple zones and autonomous braking. active lane keeping assist and blind spot assist. we've introduced airbags, side curtain airbags, and now the first-ever rear-mounted front-impact airbags. all in the hope that you never need any of it. ♪ ♪ ♪♪ ♪♪ ♪♪ ♪ cool ♪ ♪ breeze from the air ♪ ♪ wind ♪ ♪ blows through my hair ♪ ♪ don't care ♪ ♪ if people see my dancing in my car ♪ ♪ and if it shines or rains oh ♪ ♪ i can't complain ♪ ♪ it's still a beautiful day ♪ ♪ because i ♪ ♪ got love got love ♪ ♪ got love got love ♪ ♪ it's a beautiful day ♪ as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. >> reporter:

i love the nasdaq. nasdaq 100 here. i think it will go for a while. there will be some pullback.here will be scared days or wash outs. but i think we're here for a good, for a bunch of weeks if not months. charles: i have less than a minute. i would like to ask about an approach if i could squeeze you both back in. as we're watching the show, the limit is i'm not in the market but i want to get in. do i chase the winners or bottom fish around here. let me ask you first, shah, in a situation like this someone is sitting on the sidelines but they want to go. chase or fish? >> go with the momentum. bottom fishing is always a bit dangerous. we've seen some bottom fishing in the cyclicals, that hasn't worked out. those are good trades but long-term holds i think you're better off staying with the momentum stocks now. charles: gary, the same with you? >> great earnings, great revenue growth, stocks coming out of good trading ranges on heavy volume. you can't ask for anything more. if you find stocks like a dick's sporting goods, reports earnings and blows them away in sales and gaps up

give a big thumbs up to the nasdaq, which continues to grind higher and the aq, brian. >> nasdaq., thank you very much. all right, that does it for this "fast money" hour, but don't go anywhere because we have a special edition of "fast money" that begins right after this break and we are awaiting, as we said, a live press conference from u.s. secretary of state blinken about the last plane leaving afghanistan. all that is next ♪ ♪ ♪ ♪ ♪ i work for waste management, been there 5 years. we take pride in doing our job. we're so fortunate to have somebody like billy in our community. you looking good, like that hair, you got it down. i gotta work on mine. see you later darling. smiles are contagious. (laughter) i love it. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to

nasdaq is down 156 points.ow of march of last year. that's extraordinary. lauren: up 100% in 354 trading days. stuart: amazing. lauren: i know. the speed which it has done it. we had not a 5% pullback. we're not seeing a 1% pullback today. we have not had a 5% pullback in 10 months. this rally feels questioned so much because investors say everything is so high. at what point should i put my money, any dip they get they take advantage. stuart: we've been wringing our hands about the hated rally for a long time. lauren: it is a hated rally. stuart: i'm worried where it is going next. you have movers for us. susan: fda approved vaccine for moderna's vaccine kids 12 to 17 years old. stuart: 1 to 17 years old. lauren: teenagers. stuart: sorry i interrupted you. lauren: lowe's this is my reaction to the home depot report. lowe's down 5%. is the housing market cooling? last one fubotv. the stock is up 2%, there is chatter, chatter, that comcast may look to buy all of it. some of those rumors moving the stock right no

points, s&p up a fraction, nasdaq is down from an all-time high. data mcdowell, final word for the show. dagen: there's honor and dignity and pride in work and americans know that. maria: dagan mcdowell, john hilsenrath, always a pleasure and honor, have a great weekend, thank you for joining us. "varney and company" begins now. jackie deangelis at the wheel for stewart. >> good morning, everyone. here's what is happening this friday morning, 943,000 jobs added in july, the unemployment rate down 5.4% and marty walsh on the show. watching futures, not a huge reaction. we are watching bitcoin above the 30,000 mark. in washington the congressional budget budget office one of the bipartisan infrastructure legislation bill will lead $256 billion to the deficit over the next decade. lawmakers in new york are almost finished with their impeachment inquiry into governor andrew cuomo but a new report says cnn executive offered cuomo a leave of absence to advise his brother. a big show including tammy bruce, lawrence jones and the governor of alaska, mark d

nasdaq though dipping to the southland.here's a rally in cryptos, there's a rally in most stocks. now this. you want america to look and feel like socialist europe? then vote for the $3.5 trillion tax and spend plan. you want america to stay unique and capitalist, then kill the $3.5 trillion tax and spend plan. it is a stark choice but that's the choice we face. bernie, aoc, senator warren, the squad, these are the shock troops of socialism, collectiv ism, group think. republicans, well at least most of them, are the defenders of individual liberty and capital ism. just look at this for a minute. that $3.5 trillion plan includes free community college, free pre -k, expanded medicare with dental and vision coverage, the green new deal with all its subsidies and oppressive regulations, plus, of course tax the rich, tax businesses, and since that won't pay for it all, just run up the debt. that's europe. that's where the left wants to take us. the alternative is to keep america dynamic, innovative and prosperous. we don't need

nasdaq lower by 35.his follows mixed day yesterday with dow industrials falling on federal reserve concerns that tapering will begin by the end of the year. major indices on track better than 1%. dow industrials down 66. nasdaq was up despite the worries over the taper, up 15 points and s&p higher at 4 and a half at 4:00 o'clock on wall street. ftse 100 down 15, cac down 21 and dax index lower by 75. in asia red across the board, take a look at asian indices and worst performer in hong kong down almost 2%. mornings with maria is live right now. top stories that we are watching this morning. president biden will address the nation today after days after dodging media questions on his botched withdrawal from afghanistan. this as more terrifying scenes play out in the streets of kabul, firing into crowds protestors, multiple casualties have been reported. protests against the taliban takeover are spreading across the country. back in the u.s., vice president kamala harris remains silent on the chaos in afgh

nasdaq and s&p pretty much at their session highs, dow not quite, but up 0.6% the s&p is up 0.8%, nasdaqower for the week. >>> the that is down a bit today. strong, though, this week, up a percentage oil is term performer today. as the bell goes, we're higher [ bell ringing ] >>> let's stick with the nasdaq. a strong close welcome back, everyone, to "closing bell. take a look at how we finished up the day on wall street. near-session highs, up 224 on the dow jones industrial average. microsoft the biggest contributor along with home do poe, salesforce and goldman sachs. s&p 500 up 0.8%, building on some gains we saw earlier in the session. every sector closed higher today. staples the underperformer, but not for the week it was kind of a reversal the nasdaq the big winner on the day, thanks to strength in technology microsoft was the big winner, nvidia had a very big day. up another 5% today. apple strong, google, facebook, tesla after its a.i. night t. russell getting some love finally after a very down week, russell ending up. still for the week it is down, the most out of all the majo

especially when you look at the nasdaq composite not the nasdaq 100 just like the entirety of the nasdaq you'd never heard of there are some massive drawdowns in like thousands of names right now. and we've been here before it doesn't have to be the end of the world but there really is a lack of leadership here which would argue for a pullback after those fomc minutes were released you can really get a sense of just like how bereft of narrative this market is it's a little bit like me walking out of a buffalo wild wings on game day. just disheveled, sloppy, no real sense of like what do we do now? so the higher odds of a pullback when you have a situation like this even when you look at leadership you look at lowe's nobody knows anything. this is exhibit z. here's a stock that got smashed to multimonth lows after home depot reported reported today up 11%. best stock in the s&p. nobody knows what to do. second best performer is a m&a candidate. cboe which the cme is already denying. and then big popular stocks looking terrible amazon, more lowe's. looks bad. i own it it's not cooperating

s&p 500 and the nasdaq both on track for record closes. nasdaq crossing above 15,000 for the first time ever today, and is on track to close above that level. nancy, have you been adding to cyclical stock positions in the last few days? it does seem that the market is breathing a sigh of relief >> yes, we have, sara, but we've also been overweight technology, which we put in place in the spring we've been getting, as you know, these rolling corrections. on the weakness, we've been adding to energy we added a bit to functions, and added to the infrastructure names that we already owned like jacob, steele dynamics to round out our holdings so we're pretty optimistic about stocks we think, however, we will see a slowdown in growth it's just the math and we sauce a fiscal drag so we are moving or portfolios to growth at a reasonable price, but including overweights in all those sect sectors that i mentioned. >> mike, clearly a positive day, same as yesterday. that said, the vix is higher still. it's up close to that 20 mark, are there any othe

nasdaq is up 51, the s&p 500 up 13 and change.orning also kicking higher, strong earnings and optimism over the covid-19 recovery seems to be boosting some sentiment. ftse 100 is up 29, cac up 24 and dax index higher by 70. in asia overnight markets finished in the red. fractional moves with the exception of korea, down better than 1%. back in the u.s., drivers dodging bullets literally as gunfire erupts in the middle of a new york city street, lauren simonetti now explaining those pictures we saw earlier, lauren, over to you. lauren: maria, good morning. nypd releasing shocking video shown here as gunmen opening fire on a street in broad daylight, another man can be seen darting into oncoming traffic to avoid bullets. it happened on august 1st in harlem. shooter took off in a scooter and nobody was injured, imagine that. the u.s. is diversifying new numbers from the 2020 census show the population of white americans now lower than in 2010. it's dropped 2.6% putting the population below 60% and a decade ago it was only 9 million p

i expect some fireworks into year's end and usually it is led by nasdaq, nasdaq 100 semiconductors.ooks like financials are joining for the ride as interest rates back up as i think the economy may start to accelerate again. charles: i will get back to you on the semis for sure. kim, of course the market also goes through these monster gargantuan droughts. in the 40s, the '70s, and early 2000s. that seem toes put the onus on making hay when the sun is shining. these moments come around almost generationally? >> i think i agree though that market timing is a terrible idea and you don't know you're in the lackluster time until well, maybe like a year after it started growing again. that being said for the long term money, always be invested. have some cash on the sidelines to invest in good opportunities but we really don't know what tomorrow brings. as long as we can see our time horizon which is usually three to five years for long-term money, showing some kind of growth globally we should be in equities. you will be paid for being an owner. charles: is that though, kim, easier said

nasdaq lower about 10.eestors waiting initial jobless claims out this morning along with producer price index for the month of july, the numbers out at 8:30 a.m. eastern after record day on wall street yesterday both dow and s&p 500 once again finishing at all-time highs as inflation fears ease. dow industrials 220 points. new record high of 35,484, the s&p 500 up about 11 at new record high of 44.47. the nasdaq lower by 43. ftse 100 in london lower by 5. cac up 14 and dax index in germany higher by 70. in asia overnight, red across the board. hong kong was worst performer, fractional moves across the board on the downside. mornings with maria is live right now. ♪ ♪ maria: now some of the stop stories that we are watching this morning. covid booster shots could soon be made available for the immunocompromised. the fda could make a decision as soon as today or tomorrow on that booster shot. those eligible are said to be those with transplants or undergoing cancer treatments. several countries including israe

and josh lipton is at the nasdaq markets. scott ramm will join us to break it all down. >> it's a question about the consumer how much of it will change consumer behavior. we saw weak retail sales, weak consumer sentiment, independence kind of some weak china numbers. it maybe be a global phenomenon. how much is slowing down the recovery that's the question, and that's not clear right know let's look at the travel names they're not great indicators frankly some of the big travel names, have essentially been on a down trend more importantly i want to look at the consumer discretionary part home depot had excellent numbers overall, and it's been caught up in the peak everything store story, even if it should be a beneficiary if people start staying home more. back to school is uncertainly. the builders like len noor, some of the restaurant companies down, not certainly what the consumer impact will be. terms and industrials, same situation here they essentially topped out in may, have been slightly sideways, trending downward i

the nasdaq up 148 today.t back. tors bae risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. ♪♪ if. >> i can tell you that the president has made clear to the commanders that they should stop at nothing to make isis pay for the deaths of those american service members at the kabul airport. but he has directed them to go after and to kill these isis terrorists who have taken the lives of the men and women serving our country. lauren: that was white house press secretary jen psaki making those comments just moments ago, but the u.s. has already struck back against the islamic state in a drone attack yesterday in kabul. the white house says the attack stopped an isis suicide bomber that was on his way the attack the airport. the drone strike, the second the u.s. army has carried out since last thursday's terrorist attack that that killed 13 american troops and a number of afghan civilians. so what is the real threat to american citizens and businesses from isi