robert tipp, pgim chief investment strategist. that was a clinic from a bond market bull. tom: absolutely. what you just heard was the complexity of how pros look at a diversified portfolio. we will take a bet here, a bet on the others, and balance the vent. they go way beyond that to some real nuance. jonathan: what happened to the death of 60/40, tom? tom: that is a little bit away from what tipp is talking about, but i've called that for years. it is a pretty little curve, and it can be 60/40, 60/30/10, and where we are now, especially with the real yield, i don't think you bring up the 60/40 on "the real yield" on fridays. jonathan: just in terms of the basic portfolio construction, that was the debate coming into the new year, that maybe the 40 needed to be questioned. lisa: he's even saying that a lot of the pensions that have gotten these gains in stocks have to rotate back into bonds, so that is going to be an additional support. i am just thinking, what does the credit cycle look like with yields at sub 1%? jonathan: maybe we just don't have the traditional credit

this from an institutional investor, greg peterson of pgim.reasury supply is a huge story. it completely neutralizes the taper and then some. not enough focus on the massive cut. just pgim's view. tom: let's stop the show here. who is greg eaters, folks? greg peters is massively award-winning over a long duration. so say that quote again as we have the attention into mr. tipp . "massive cut in treasury supply is a huge story. it completely neutralizes the taper and then some. not enough focus on the massive cut." tom: a lot of folks watching us, trying to get ready for the morning. greg peters trades off of what he hears on the show. jonathan: together with rubber tip -- with robert tipp. tom: off of lisa abramowicz today, he bought into the saint regis. jonathan: i can't confirm that is what happened. tom: well, it is a rumor. jonathan: that is the bullish view on treasuries this morning. lisa: that has been the bullish view for the past few months. on the flipside, people say at some point, fundamentals have to matter. if inflation starts pi

how does the wall of money for into the pgim yield?s it fold into the simple idea we want to observe and guess where yield is going? greg: the technical dynamics are important here. typically i do not think it changes the direction, but i think it exacerbates the move. that is why i am focused on treasury supply going forward as i think the fact that you're going to see a decline in treasury supply year and several years after is highly supportive. at the same time, the u.s. is winning by not losing. the fact that you are seeing so much foreign investment into the u.s. is also supportive. i think these are supportive factors. ultimately it does point of fundamentals. i think fundamentals are the driver, technicals just exacerbate it. tom: i do not want you to make a tenure call, but i do. -- a-10 year -- a ten year call, but i do. bracket the 10 year yield as you see it two years out. greg: our level is about 80 basis points on the 10 year. our call for the end of this year was 120 basis points. we are in striking distance. that felt l

at pgim, the pursuit is on for outperformance.nvestors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. that building you're trying to buy, you should ten-x it. ten-x is the world's largest online commercial real estate exchange. and it's fast. if i could, i'd ten-x everything. like our lunch. (laughs) amazing! see it. want it. ten-x it. >>> i'm looking at my computer sxre screen and i'm looking at nvda better known as nvidia currently at $194.12, up almost 40% in three months. i know you love the company. i know you love the ceo. he's on your mt. rushmore. i know it. >> actually, he's in the louve it's da vinci. >> this stock has two consti constituencies one loves it for what it does and two and who it is. the only throws the cards away if he says anything about where this deal is, and he ba

at pgim, the pursuit is on for outperformance.r with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. baaam. internet that doesn't miss a beat. that's cute, but my internet streams to my ride. pshh, mine's so fast, no one can catch me. that's because you both have the same internet. xfinity xfi. so powerful, it keeps one-upping itself. can your internet do that? in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. t

at pgim, the pursuit is on for outperformance.to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. >>> let's do final trades. dr. j, you've been doing a little buying of something you want to tell us about. >> yeah, just today, scott tapestry, tpr. why? they beat top line they beat bottom line. gave great guidance and the stock is down 3% today to 40 bucks a share. somebody steps in, bu

the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. does your vitamin c last twenty-four hours? only nature's bounty does. immune twenty-four hour plus has longer lasting vitamin c. plus, herbal and other immune superstars. only from nature's bounty. and there you have it- plus, herbal and other immune superstars. woah. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. 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

at pgim, the pursuit is on for outperformance.ver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. (vo) at t-mobile for business, unconventional thinking means we see things differently, so you can focus on what matters most. whether it's ensuring food arrives as fresh as when it departs. being first on the scene, when every second counts. or teaching biology without a lab. we are the leader in 5g. #1 in customer satisfaction. and a partner who includes 5g in every plan, so you get it all. without trade-offs. unconventional thinking. it's better for business. >>> all right. time now for your final trades pete, kick it off. >> all right i'm going to give you capital one, brian the reason i am is when you look at what this company did last quarter and how they pushed earnings, now they got a downgrade, i think

at pgim, the pursuit is on for outperformance.tors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. i 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. >>> welcome back to "fast money," oil prices rebounding in a big way today with crude soaring more than 5%, its biggest gain since march the move snaps a seven-day losing streak and brought energy stocks along for the ride. shares of exxon mobil, conocophillips, sloan ber shay, marathon, occidental all posting strong gains in today's session. tim seymour, you buy this move >> i do buy the move and look, it'd been

. ♪♪ the pursuit of outperformance at pgim.sset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. new customers get our best deals on all smartphones. that's right. but what if i'm already a customer? oh, no problem. hey, cam...? ah, same deal! yeah, it's kind of our thing. huh, that's a great deal... what if i'm new to at&t? cam, can you...? hey... but what about for existing customers? same deal. it's the same deal. is he ok? it's not complicated. with at&t, everyone can ace back to school with our best deals on every smartphone - like the samsung galaxy z fold3 5g. >>> rideshare giant uber named a top 2022 pick at morgan stanley. it's our call of the day sarat, turning to you. you own it >> i do own it, and i really do like it. i agree with the call. you've

join the pursuit of outperformance at pgim. investment management business of prudential. ♪ ♪ ♪ ♪ more diverse thinking leads to more unexpected, more thoughtful solutions. ♪ millions of vulnerable americans struggle to get reliable mtransportation solutions. to their medical appointments. that's why i started medhaul. citi launched the impact fund to invest in both women and entrepreneurs of color like me, so i can realize my vision and give everything i've got to my company, and my community. i got you. for the love of people. for the love of community. for the love of progress. citi. >>> welcome back our josh brown bought the stock of matter port back in late july the software company specializes in making 3-d copies of physical spaces and counts many fortune 500 case as customers ceo rj pittman joins us. welcome to the show. >> great to be here. >> what's up with the stock today? i mention all the metric you beat on all the metric the stock is getting clobbered what's up. >> i think we're a new company, newly listed on nasd

join the pursuit of outperformance at pgim.ment business of prudential. >>> showing you white house as we come back from a break because the press secretary jen psaki is holding a press briefing as we speak and said just moments ago that the white house has seen -- started to see some leveling off of covid-19 infections in states seeing surges that is obviously welcome news our fingers are of course crossed to see if that remains to be the case it does confirm what dr. scott gottlieb was saying last evening, that he was also seeing some signals that we may be leveling off from this delta variant and what it's been doing in states down south, especially florida, louisiana and texas among them we'll keep our eyes on that. keep our eye on the market too guy was good for 226 at its high or just about that moved up ai little bit just shy of 200 for the dow, a new record high today as well. let's do the final trades before we do the hand-off to "the exchange." carrie, what do you have for me? >> to fortive industrial tech breaking ou

at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. i 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. baaam. internet that doesn't miss a beat. that's cute, but my internet streams to my ride. pshh, mine's so fast, no one can catch me. that's because you both have the same internet. xfinity xfi. so powerful, it keeps one-upping itself. can your internet do that? >>> welcome back 38 minutes left to go. let's check in on individual market movers. palo alto networks higher on the heels of a big earnin

the pursuit of outperformance at pgim.es, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. (vo) while you may not be closing on a business deal while taking your mother and daughter on a once-in-a-lifetime adventure — your life is just as unique. your raymond james financial advisor gets to know you, your dreams, and the way you care for those you love. so you can live your life. that's life well planned. it's taken a lot to get to this moment. ♪ grew up at midnight - the maccabees ♪ dreams are on the line. you got this. refresh... it all, comes down, to this. ♪♪ >>> the development of coronavirus vaccines happened in record time. but the decision to pivot entire businesses to focus on covid wasn't obvious at first. meg tirrell has a new documentary looking at a c

the pursuit of outperformance at pgim.le asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> 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

the pursuit of outperformance at pgim.k across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. comcast nbcuniversal is investing in entrepreneurs to bring what's next for sports technology to athletes, teams, and fans. that's why we created the sportstech accelerator, to invest in and develop the next generation of technology that will change the way we experience sports. we've already invested in entrepreneurs like ane swim, who develops products that provide hair protection so that everyone can enjoy the freedom of swimming. like the athletes competing in tokyo, these entrepreneurs have a fierce work ethic and drive to achieve - to change the game and inspire the team of tomorrow. >>> morgan stanley out with a new report today, showing t

at pgim, the pursuit is on for outperformance. investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. competition beat us again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. it's got to be something workday. i think i got something. work... hey, rob, you're on mute. hello! hey, rob, there he is. workday. the finance, hr and planning system for a changing world. it's taken a lot to get to this moment. ♪ grew up at midnight - the maccabees ♪ dreams are on the line. you got this. refresh... it all, comes down, to this. ♪♪ >>> welcome back to "squawk on the street." tesla shares up 2py 5% this morning. this after an upgrade from jeffreys bernstein reiterates an unde

the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> stocks closing lower today, ending month, though, firmfully in the green our next guest expects the rally to continue. joining us now for an exclusive interview, scott black of delphi management he's got stocks picked for us as well i always like to get your take on the environment for value stocks, which you are a value stock picker for a long time we've had this real tough of war between growth and value this year, it doesn't feel like we know which environment we're in. this month, the nasdaq won, up 4% on the month, but value has been doing it better where does that leave us >> truthfully over the last three

at pgim, the pursuit is on for outperformance.ve investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> ross stores are falling after weaker than expected forecast in the earnings report. the retailer cited supply chain costs and covid-related expenses credit suisse updading petko it says it's well i supposed to benefit. woof >>> time for a cnbc news update. rahel? >> hi, sara. president biden promising to get all americans and afghan allies who want to leave out of afghanistan. about 13,000 people have been flown out of the country in the last six days

the pursuit of outperformance at pgim.es, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. and there you have it- woah. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. 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. >>> welcome back to "squawk on the street." i'm dominic chu. stocks are higher today. more record highs for the overall market led by gains in the energy se

at pgim, the pursuit is on for outperformance.zed strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. the wm phoenix open golf tournament is one of the largest spectator events in north america. it's also a zero waste event, which means everything thrown away by the hundreds of thousands of people at the tournament is repurposed. in 2020, wm diverted 988 tons of material and kept 421 metric tons of greenhouse gases out of the atmosphere. see how zero waste is one of the many ways wm is always working for a sustainable tomorrow at wm.com/stories. ♪ ♪ ♪ ♪ with a bit more thought we can all do our part to keep plastic out of the ocea. [ no audio ] we know right now that the consumer is on fire and that is in really good shape and the balance sheets are doing well and there is a ton of stimulus but that z that continue xrt has don

the pursuit of outperformance at pgim.ith deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> welcome back we'll have the opening bell in about a minute's time. interesting week as we've wound through the infrastructure story, the delta story, vix is below 16 value will outperform for the week it makes sense that all-time highs for the vix to be compressed volumes are down, but yeah there's been more traction in the value. yesterday not so much. up about half a person on the week, so it shows you it slowed the pace, but there's a relentless theme underneath. >>> it suggests maybe a topping process. yeah, certainly not inconsistent with that possibility. [ bell ringing ] it's not been about momentum, not ab

at pgim, the pursuit is on for outperformance.th customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. woman: my reputation was trashed online. i felt completely helpless. my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555. 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 netwo

at pgim, the pursuit is on for outperformance.ve investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. 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. >>> they've entered into a commitment that will create one of the biggest independent energy companies, by production, in the world and that's where we'll begin with mike henry, the ceo it's great to have you on such a big deal appreciate your time today >> thank you

at pgim, the pursuit is on for outperformance., to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. introducing xfinity rewards. our very own way of thanking you just for being with us. enjoy rewards like movie night specials. xfinity mobile benefits. ...and exclusive experiences, like the chance to win tickets to see watch what happens live. hey! it's me. the longer you've been with us... the more rewards you can get. like sharpening your cooking skills with a top chef. join for free on the xfinity app and watch all the rewards float in. our thanks. your rewards. >>> two names to watch today in the crypto space, coin ways and microstrategy. beneficiary from bitcoin's rally as we get above 50k for the first time since may a closer look at the crypto surge when we come back. meantime, s&p's about f

the pursuit of outperformance at pgim.ith deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. what the world needs now... is people. people who see energy a little bit differently. where a switch to cleaner power means a more resilient grid... with renewables and gas power providing energy whenever it's needed. because seeing a more sustainable world isn't far in the future. we're building it... now. ge building a world that works. today. a couple of pieces about the rally potentially running out of team, technical challenges of getting past 50k over the longer term also cnbc with a good piece about tiktok reportedly removing some crypto influencers, which maybe we will talk about a little bit later on today.

join the pursuit of outperformance at pgim.estment management business of prudential. . >> the dow and s&p set to snap a two-week win streak. ahead, the state of the economy. the focus where investors need to know and a look at the latest project for elon musk. robots, althoughs that's not o. "squawk box" begins right now. >> an expert on german techno. that's perfect i'm joe with melissa becky and andrew are off today we have the elon musk fauxbot. that's a real person >> we want to know when will ai allow for something. i guess some day it can resemble the computing power of the brain but it can't yet >> that's your desire because you want it. >> no, i don't once machine learning is a billion times all human learning, we should be able to extend life hundreds of years. theoretically. u.s. equities down 159, s&p down 19 and change and nasdaq down 43 let's flip the board around. >> the federal reserve chair takes on the outlook a preview of what investors can expect good morning >> markets turning their attention to the fed's a

join the pursuit of outperformance at pgim. the investment management business of prudential. so...i know you and george were struggling with the possibility of having to move. how's that going? well we found a way to make bathing safer with a kohler walk-in bath. it has the lowest step-in of any bath. it has handrails, a wide door, and textured surfaces. so it gives you peace of mind. and you would love the heated backrest -and the whirlpool jets -and the bubblemassage. and it was installed quickly and conveniently by a kohler-certified installer. a kohler-authorized dealer walked us through every step in the process and made us feel completely comfortable in our home. and, yes, it's affordable. looking good, george! we just want to spend as much time as possible in our home, and with our grandkids. they're going to be here any minute for their weekly spa day. ooh, that bubblemassage! have fun! stay in the home and life you've built for years to come. call... to receive one-thousand dollars off your kohler walk-in bath. and take advantage of our special offer of no payments f

at pgim, the pursuit is on for outperformance.active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. 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. >>> peloton shares are sharply lower. worse than the 45 cent loss analysts expected. peloton faces higher commodity costs and plans to ramp up marketing spending in the months ahead. revenue growth slowed for more than a billion dollars to just $937 million in pa

the pursuit of outperformance at pgim.lic and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> welcome back to "squawk box" on cnbc. we are just seconds away now from new jobless claims and producer price data. take a look at where futures are right now. we are obviously paying close attention, not moving too much in the premarket we've got fractional moves across the board rick santelli standing by at the cme where it's literally seconds away now. >> yes, we're looking for initial continuing claims of course maybe more importantly producer price index for the month of july the year over year numbers yesterday were sticky on consumer prices and the data is trickling out. let's start with ppi, shall we headline number up 1%. definitely 0.4 higher than the 0.6 we were looking at it equals the 1% last month. for this

the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. wondering what actually goes into your multivitamin? at new chapter, its' innovation, organic ingredients, and fermentation. fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done. what happens when we welcome change? we can make emergency medicine possible at 40,000 feet. instead of burning our past for power, we can harness the energy of the tiny electron. we can create new ways to connect. rethinking how we communicate to be more inclusive than ever. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change. faster.

the pursuit of outperformance at pgim.s multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> good morning stock futures point to losses at the open, this on a big day for the retail sector. earning out from home depot and walmart. new data due in half hour. >>> plus, president biden defending his decision to pull out of afghanistan what will be the impact on business and stability in the middle east? kyle bass will join us to talk about china's top priorities there. >>> and despite the resurgence of the coronavirus, we're still starting to get a glimpse in the post-pandemic entertainment industry in a few moments we'll speak to someone who knows that business inside and out endeavor ceo ari emanuel the final hour of "squawk box" begins righ

join the pursuit of outperformance at pgim. the investment management business of prudential.record 1.1 trillion transistors into this chip i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you become an agent of innovation with invesco qqq and there you have it- lwoah.ou wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. 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. >>> facebook is taking action against the disinformation dozen by launching a widely viewed content report comes following the white house pressure last month. >> this is what ceo mark zuckerberg had to say on cbs about the scrutiny the company's faced. >> facebook is taking, i think it's been an unprecedented effort to help encourage people to get vaccinated, to promote authoritative information about covid and the v

join the pursuit of outperformance at pgim. the investment management business of prudential.terms of gaining a fall profl. >> what do you expect in terms of the adoption of the vaccine by getting an uptick once they get fall profl or willagencies be able to mandate >> i think it will be the latter i know in some of the surveys people cite the fact that the vaccine isn't fully approved that's one of the reasons they're hesitant to approve it it might lead to, you know, an easier discussion on the part of physicians with certain patients in terms of trying to get them vaccinated i don't think there's going to be a rush of people who have been waiting for this binary moment in time going out to cvs and walgreens because it's been fda approved there will be some, but i don't think that will have a significant effect in terms of actually showing up in the numbers. more likely to be gradual. with respect to businesses, i have talked to a lot of businesses that have said they don't feel comfortable mandating the vaccine until it gains full approval they feel they'll be on stronger l