schwab, incredible balance sheet. robinhood still working on theirs schwab, incredible multiple ways to gain revenues robinhood still working on theirs in terms of value, your fundamental investing. i'm not suggesting anybody should do that, but short robinhood. that's not the trade what's going on now. it's a technical trade not a fundamental trade. >> joe, great to get your thoughts and always great to see you g. to see you, melissa thanks, everybody. >> joe moglia. tim, interesting trade can't short a stock in this reddit frenzy. >> yeah. look, i think we're doing the right exercise in trying to compare the fundamenta businesses, and because i think a lot of that conversation was also just talking about people trading the stock. on some level i don't even really care. i think we're trying to assess the value of this business one of the things that's an important point today is sometimes the capital markets opportunities will allow the company to grow to a place, and access to capital will change the future of the c

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find your own andy at schwab.alth management. >> ♪ ♪ >> ♪ ♪ >> a huge announcement today came from the pentagon. american troops are going back to afghanistan because the taliban made a fierce comeback. the red all over that screen and and this it happened within 10 days. they have retaken the entire country. they for control of two-thirds. there are concerns that the taliban could take over the capital of kabul. the biden administration is sending 3,000 u.s. troops to get the remaining personnel at the u.s. embassy out of kabul coming months after president biden announced the withdrawal of u.s. forces from the region. he said yesterday that he had no regrets about the decision to pull out of afghanistan. i understand there was a meeting last night at the white house with the defense secretary and the department of state. they decided they would send 3,000 troops back in. we are learning this afternoon that kandahar the second largest season has fallen. only kabul is left. that's where the u.s. embassy is. brian,

like schwab intelligent income. schwab! introducing schwab intelligent income. simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. >>> welcome back to "closing bell." plenty of red on the screen, of course, today, but we are significantly off the lows of the session. here's a look at the s&p sector map, consumer discretionary seen the most -- of course, we're just discuss that. industrials, communication, all down more than one 1 one sector holding on to gains the dow at the moment down 343 >> meantime, in china, tech stocks are seeing renewed selling pressure, as beijing steps up its regulatory efforts. deirdre? >> no one knows when the pressure from beijing will ease. china is now set to pass one of the world's most data privacy laws proposed measures will require tech companies to minimize data collection and obtain prior consent, even bans platforming from using data, or, rather, algorithms to influence consumers choices. so the public is increasingly could you

like schwab intelligent income. schwab! introducing schwab intelligent income.i mean, we don't have that. schwab. a modern approach to wealth management. >>> time for a cnbc news update with tyler mathisen. >> wilf, thank you very much here's what's happening at this hour violent domestic extremists may use new covid restrictions as a rationale to conduct attacks form the department of homeland security putting out a terrorism warning bulletin, saying there's a risk of targeted violence around the anniversary of the 9/11 attack and religious holidays >>> employees have unoctober 15i to be fully vaccinated unless they receive an exemption. all unvaccinated workers must submit to weekly testing >>> on the news we'll go to mississippi where the school year is off to a very rough start. more than 4,000 students versus quarantined. some students are looking at resuming remote learning i'll bell there at 7:00. i hope you will, too. >>> in northern turkey, the death toll from mudslides and floods have risen to at least 38 they're searching for more victims and survivor

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charles schwab also took a dip.ndustry perhaps under pressure given maybe some of the gameification this represents. tom: the jobs report a three-day extravaganza. tom, i want to go to wages. we have a wide dispersion of nonfarm payrolls, unemployment rate. is it a mystery, the wage growth of america, or can you give us a statistic? tom: good morning, team. i have said this many times, probably too many, there are many measures of wages, and one is the wage pie, the index of aggregate weekly payrolls, and that continues to move along at a constructive pace, and just looking at it sequentially month on month, however you want to look at it, i think the idea that, you know, the consumer remains in fairly fine shape from a wage perspective is intact. when it comes to this payroll report at large, i think everyone appreciates we had some sort of quirky seasonal issue going on last month with education. in the coming months -- you know, look, i do not know anyone who is building in some quirky thing like that this month,

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like schwab intelligent income. schwab! introducing schwab intelligent income.ur portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. >>> it was an olympics like none other. overshadowed by the pandemic but that didn't stop america from continuing a streak dating back to 1996. team usa coming home with more medals than any other team. winning more gold medals than any other team. cnn's will ripley is live in tokyo for us. it was an eventful last day at the olympics. walk us through some of the key moments. it's really finishing strong over there. >> it is. and it was a down to the wire medal finish for the u.s. because china was leading for most of the last two weeks. in the last day you had some incredible showings. and it was women's volleyball that pushed the u.s. over the edge for that gold medal count, which is cool because it's the first time they've actually won a gold medal. 39 gold for team usa. 113 total. china came in with 88 told and a great showcase for japan. 27 gold medals. their most ever. also

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like schwab intelligent income. schwab! introducing schwab intelligent income.imple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. >>> welcome back to "the exchange" everybody. the nasdaq has joined the other major averages the negative territory. it'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