can we go to american express?the pandemic of cab pbage is a digital platform that has everything a small business needs to manage the cash flow so whether a working capital loan, you know, a transaction banking account, you know, card integration and so forth we brought into the franchise we had to make amex ready and when we did that, today we just launched that we're the first small business checking account, the transaction account, which we launched this morning and we think it will be a big hit. >> and you're giving higher rates than the competitors i saw that the balance, which every dollar amount matters in small business. >> absolutely. >> so 1.1% up to $100,000 and the interesting thing about what we're doing here with cabbage is taking a fintech platform and combining that with a scale business and so when you look at our business, we're the number one small business issuer in the united states and the number one commercial card globally so take the agility and digital platform, combine that with scale a

by american express. ♪♪ it started with an idea...ame a new tradition. ♪♪ this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire. this is lincoln financial. i'm evie's best camper badge. but even i'm not as memorable as eating turkey hill chocolate chip cookie dough creamy premium ice cream and chasing fireflies. don't worry about me. i'm fine. you can't beat turkey hill memories. >>> welcome back cnbc is out with the latest global cfo council survey. revealing the top concerns kristina partsinevelos breaks down the concerns. good morning, kristina >> good morning. we talked about transitory, but inflation nation is a concern for cfos from the firms around the globe. our quarterly cnbc survey conducted this june, shows although covid risks are top of mind, but inflation is the next risk factor for the financial leaders. let's look at the stark contrast when inflation was not a concern. now almost 20% of cfos are thinking about it. you see the yellow on the screen which shoot

by american express. >>> look at some of those year to date gainers.inners than losers the last day of the first half of 2021. my, how time flies. today's rbi is a follow-up to something we did yesterday the incredibly tight, red hot very good job market it's a good job market if you're looking for a job. if you are trying to find workers, pretty much the opposite but remember yesterday we told you that the percentage of people who say that jobs are, quote, pleasant at this full was 48.5% in may and we thought that was high that's why we talked about it. the june numbers came out yesterday. the percentage of americans that say the same thing is a stunning 54.5%. think about that more than half the people surveyed by the conference board say that jobs are basically super easy to get. look at this random but hopefully interesting chart. the blue line, jobs easy to get. the orange line, the jobless rate as you can see, there we go. look at that big pandemic dislocation obviously. big drop in jobs big spike in jobless rates right now there is clearly the g

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by american express. >>> resetting here near the bottom of the hour, welcome back to "techcheck.hie wood doubling down on bitcoin, a lot more on that in just a moment. first, time for a news update and rahel solomon. >> good morning. good morning, everyone consumer confidence in june jumping to its highest level since the pandemic began the 127.3 reading is also far above forecasts. >>> on the rise, home prices, the annual growth rate hit nearly 15% in april, that's the highest annual rate since the index began in 1987. >>>airlines placing a huge order for new jets. the largest order ever for commercial planes. united says it will allow the carrier to add flights and also retire older planes. >>> the head of an influential consulting firm resigned declan kelly stepped down following reports he was drunk and inappropriately touching women at a charity event kelly apologized for his behavior >>> and walmart says it will start selling private label insulin. the retailer says consumers can save over $100 per vial of ins len and up to $250 per pack of insulin pens, the products will b

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by american express. uno, dos, tres, cuatro! [sfx]: typing [music starts] [sfx]: happy screaming [music ends] look...if your wireless carrier was a guy, you'd leave him tomorrow. not very flexible. not great at saving. you deserve better - xfinity mobile. now, they have unlimited for just $30 a month. $30 dollars. and they're number 1 in customer satisfaction. his number? delete it. deleting it. so break free from the big three. xfinity internet customers, take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. . >>> welcome back to "fast. major news as united announces a 200 jet order from boeing and a major hiring program phil lebeau is in newark. >> every so often there is a game changer type of order from an airline remember when american way back when back in like 2010 or so said we're going to order a couple hundred, three or 400 new aircraft and it was considered a game changer at that time? well, now take a look at what's

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cutting the dead a global proxy for growth and american express is a reopen name and already starting to see loan growth improve months over month year to date. >> i love that you have match.com as a reopening trade pent up demand i love it. single and ready to mangle let's talk about the picks in the stock draft and might go over them. one is las vegas sands, down 11%. boeing up about 1.5% this is obviously a marathon, not a sprint how are you feeling? >> yeah. i have gotten dinged up a little bit with this rotation we have been talking about these are reopen names boeing is a great company and they're restructuring the company. new management team. i believe you get china recertified the 737 max this year las vegas sands selling the las vegas assets and increase macau and those are did two plays and reopen for sure. >> have a great weekend. thank you so much. >> you, too. thanks. >> you bet. >>> we are watching this stock drop on wall street today. the names getting hit, some emerging opportunity just the restaurant sector may be one of the areas but the recovery is uneven creating

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by american express. >>> where would we be without the jet set? they have turned a big platform.l books after that. >> the criticism felt i think to her quite difficult. >> you realized that you can write a book that had a lot of sex in it and up front able these things that people would buy it. >> that was no accident. >> i have to stop you there. i never written for commercial reasons. because i am a woman writing this kind of racy and raunchy signature. a woman should be writing about sex the way men does. >> do you still have herpes, mcclain? people always laugh. here they are sitting all around me. >> these men didn't get called out on it. it was a double standard that was unfair. >> i had to get up at 6:00, take the kids to school and make their lunch and i would be ladl riding on my way to meet them on the stoplight. that's what i find interesting. it starts and ends up like nothing. >> i got so many women, omnh my god, your mom taught me everything about sex. oh, really? great, she wrote great sex in great books. i am not claiming to be a great literally a genius, i am cl

we contacted american express and shared his photo.michael says american express then called twice. he contacted the hotel and worked out a deal. ultimately, michael got back his full $297.07. he wrote a very nice note and said i sincerely appreciate it. you are a star with 11 exclamation points. a spokes person said we can't comment on anything relating to a specific card member. if we can help with something, go to nbc bay area responds.com or call us at 888-996-tips. >> yes, chris is a star. >>> we're changing things up by adding another nightly newscast. it all starts on monday. the 5:00 p.m. news stays in its spot after "ellen", followed by nbc by area news at 5:30 and 6:00 p.m. then join us at 7:00 for nbc by area news tonight, followed by access hollywood. all of this starts on monday. >>> speaking of this past monday, hot one. >> so hot. >> and now i think it's perfect june weather, jeff. >> hey, if i can please you, this is good to go. >> you please a lot of people. i love this. >> no complaints coming into the weather departm

we contacted american express and shared his photo.hael says american express called twice, contacted the hotel and worked out a deal. michael got back his full $297.07. he wrote us a very nice note and said i sincerely appreciate it. you are a star with 11 exclamation points. we asked amex for details. a spokesperson said we can't comment on anything related to a specific card member. if you need help with a consumer problem let us know. go to nbcbayarea.com and then click the responds option from the main menu or call us 888-996-tips. >>> are you planning an international summer getaway? if so the european union is now launching a new covid-19 travel certificate available for international travelers including those from the u.s. the eu will certificates to show proof of vaccination or negative test result. it can be stored digitally. >>> 6:26 right now. up next on "today in the bay," the top stories we're following including this breaking news. did you feel it? at 5:15 this morning a 3.6 magnitude earthquake hitting the east san jose

how could you not like american express down more than four points here? there is a lot more to amex than just travel overseas how about the infrastructure bill that was fabulous for a host of industries, but only if you can pass the senate. on friday it looked like president biden might have killed the bipartisan package, that the democrats could try to pass on a party line vote. he walked those comments back somewhat i think things will work out the steel machinery sucks. they can't withstand this huck up so their stocks gave up the ghost. just contrast every company i just named with these new names in the nasdaq. okay i mean, start here with intellia just accomplished something incredible, gene-editing treatment to combat a rare genetic disease that impacts 50,000 people. they had a small study only phase one, but stock shot up 50% on the news regeneron is a partner on this, but they pulled back today crispr, similar experiments and their stocks soared today. these are huge holding of cathie wood's revolution etf. like tesla, she believed in gene-editi

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by american express. . >>> the double standard. i grew up with it, didn't you?all their own way, and women were very good about it. they accepted it as if it were their lot in life to wait quietly in the kitchen or the bedroom. why, i asked myself. why do we accept it? why do we tolerate a society that nods approval if a married man plays around. but if a married woman does it, she's a slut, a tramp, a bad woman. >> she writes about a woman being sexually harassed on the job. a horrific marriage. a man who destroys her temperamentally. the authors who do the best are the ones who personally feel those problems. >> what does feminism mean to you if you are a feminist? >> it means -- it means freedom. it means sexual freedom. i don't like the double standard. i think that, you know, women and men should be able to be as free as each other. >> she would go for the hunks, the body builders, the six-packers. i mean she was still very young. she was 21 or 22 years old. >> she certainly got back into having a few relationships. what her own turmoil was after my father,

but what about american express? anybody own that because as bullish as the ceo was with cramer yesterday over at, you know, bar sand miguel out in brooklyn, steph, do you own axp? >> i own xp and i own the xp for recovery, travel and entertainment. >> talk to me about american express then >> first and foremost, you saw the great management team. he has a great bench and they've been executing flawlessly. what they've done this year and said, okay, this is going to be a crummy year for tne spend, on the leisure side we are seeing recovery they decided to heavily invest this year in their business, in their technology, in their systems. so, therefore, as demand comes back into next year, 2022, and they don't have to spend as much and they can reap the rewards from spending so much, they can gain market share and operating leverage the stock has done nicely this year it is up 36% after lagging big time last year, but i still think it has a long way to go. every time i hear that ceo speak i want to buy more >> well, it

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the trouble is most americans don't agree with that protest. they may expressve social security, medicare, and the rest. secularization is a force that is sweeping almost-all advanced-industrial societies. and one government can do little to stop and america's growing diversity is inevitable in a country built on immigration. and has proved, mostly, to be a strength, not a weakness. but republican politicians are now riding the back of a tiger. and they can't get off. reagan, gingrich, trump. all the icons on the right whip their followers up into a froth of hiysteria and promise that they will repeal and reverse most of these terrible trends. but, of course, it never happens. which makes the republican base get more and more angry, and as their sense of betrayal grows, so does their sense of desperation. that american civilization is in imminent danger of collapse. there is a great and honorable space in america for a party of limited-and-efficient government. that values traditionalism. and that believes that social change should take place, slowly and organi

by american express.rs. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> good tuesday morning welcome to another hour of sq "squawk on the street. markets did set new highs once again for the s&p and nasdaq got close to 4300 s&p. vix is subdued and consumer confidence numbers are out. >> on june consumer confidence, this one from the conference board. 127.3. we're expecting a number a bit under 120. definitely much better than expected it is a post-covid high. present situation, it also zoomed 157.7 and what lies a ahead. >> everyone should read diana olick's write up this morning. the year-over-year number was the highest record they're going wild morgan, back to you. >> hot, hot, hot that's what we're going to kick off this hour rick santelli, thank you. 30 minutes in the trading session. three big moves we are watching, tesla,

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so he used his american express business card, which offers spending power built for his business needsyou now. get the card built for business. by american express. >>> the white house says what you probably suspected, we are not going to make the 4th of july goal of 70% of adults get vaccinated. because of this feedact, warnin. >> this variant represents a set of new mutations that could invade our vaccines. >> u.s. vaccination, even of a contagious and severe delta variant is spreading. is this something we should be worried about? the 2011 film "contagion," 2011. if you watched it you will be sharp how sanjay gupta looked better today than ten years ago. it nails what could happen and did happen especially not just what we live through but mutations or variants. >> with the new mutation, we are predicting of no less than four. without a vaccine, we can anticipate that approximately one and twelve of the people on the planet will contract the disease. >> nailed it. supposed to be apolocliptic. >> the chief science consultant for the film. >> dr. lip ton. >> how did you get it so righ

. >> i did not hear you throw out american express or discover they have credit cards, too, victoriaand visa with the back end better bets for clients? >> that's exactly it it is the business model transactions started within their network. they don't have as much exposure to business, obviously, over the last 12 or 18 months we haven't seen the business travel there american express is taking a hit. you look at capital one where they are focused and have more exposure to loans to consumers we think mastercard and visa have a better business model our investors, longer term, that is the best bet in that space. >> we he like that victoria, can i ask a viewer question it is probably better than any question i can ask thank you to the viewer up nice and early or late. do you think it is time to start moving assets now you -- ahead of inflation i ask that now because i know you have a contradictory view than most. >> beside with the fed that most of the inflation we're seeing right now is transitory. we have base effects and supply chain issues elon talking about the supply issues and wh

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among the worst banks, american express, travelers, jp morgan, and american express area to a rough dayon trade. it is going to be interesting to see how this plays out because the last time, this was the initial read. but as this goes on, you may see folks back off this a little bit. especially with the speeches next week. alix: and after quadruple witching also. appreciate the update. the other big action has been in the front end of the curve. flatter is how we go. the two-year up by about four basis points, so off the highs, but nonetheless a big move over the last few days. so what do you do? joining us now is kelsey b erro, jp morgan fixed income portfolio manager. what you do today? kelsey: you highlight the two-year yield, but has moved a lot. i think we should also highlight the five year yield, which is up 10 basis points today. that is essentially an indication of how the market feels about the monetary policy impulse. we got a lot of new information from the fed on wednesday. for instance, the fed is highly uncertain about their inflation forecasts. one thing that really cau

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by american express. >>> welcome back. moving forward with a select committee to investigate the attack on the capitol after senate republicans roefd to pass a bill to create an independent bipartisan january 6th commission. the committee's chair will have sole powers. there's no vote on whether a subpoena should be issued, which is not how it worked with the proposed bipartisan mission but republicans refused to have them. the committee will be posed by 15 members, five appointed after consultation with minority leader mcconnell. republican whip steve scalise did not commit to republicans even serving on the community. nancy pelosi told nbc news that she's seriously considering appointing a republican. there are ten that voted to impeach the president. joining me now is garrett haig. this seems to be i guess number one the focus being on the republican speak pelosi would pick, the first two names that jump out are liz cheney and adam kinzinger. it seems as if liz cheney is the one that would create perhaps the most bipart

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american express and halliburton. all right, steph go >> it's a hodgepodge of growth and value. match has been disappointing flat year to date. people want to meet people when they want to date. pent-up demand that should increase subscriber growth they've done a good job proving their monetization of some of their apps they just made an acquisition, hyperconnect it's siynergistic but gets them into social discovery which is double the total addressable market than online dating. another growth avenue for them going forward. >> axp is your next pick, american express, which has had a really nice run to start this year, up 34% pegged, obviously, toward the consumer, maybe towards the higher end and about the reopen. >> yeah, that's exactly right. and it's -- so i think what's priced in is the leisure travel. back to 2019 levels. what's not priced in is business recovery it's still abysmal, but i do think as you go through '21 into '22 that's going to be the next leg up in the meantime they spend $16 billion this year alone in costs, expenses, improving their franchise. i think yo

petsworth turned to his american express business card, which offers spending potential that's builteeds. he used his card to furnish a new exam room and everyone was happy. get the card built for business. by american express. ♪ maybe i didn't love you ♪ ( ♪♪ ) ♪ quite as often as i could have ♪ we're delivering for the earth. by investing in more electric vehicles, reusable packaging, and carbon capture research. making earth our priority. i thought i'd seen it all. ( ♪♪ ) >>> we turn now to major developmentes in a conflict that may not be on your radar. it is one you need to know b the ethiopian government is declaring a cease-fire in a month's long conflict in the disputed tigre region. the violence led to the world's worst familiar nun a decade. nearly 400,000 people are without access to food. now the famine is not due to a lack of supplies. but a blockade set up you about the ethiopian and neighboring governments and forces. all of this despite pleas from humanitarian organizations. st now the cease-fire comes days after rebels retook the regional capital, sending government

petsworth turned to his american express business card, which offers spending potential that's builteeds. he used his card to furnish a new exam room and everyone was happy. get the card built for business. by american express. >>> now the dow is down more than 300 after the fed keeps rates you be changed but increased inflation expectations waiting for the press conference we want to bring in randy kroszner, professor of economics and former federal reserve board governor i think about what david kelly told us his reaction to the pragmatism not just in the word here but in how the fed governors have positioned themselves what is your reaction? >> the fed has to acknowledge that the economy come back mump more stronger than expected. inflation is certainly a bit higher than anticipated and raised up the inflation forecast for the year they still clearly believe that this is transitory and makes total sense in the dot plots to be bringing things forward but they're not fed policy the dot plots each one is a same size and that's not right. there should be a big dot for jay powell and h

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petsworth turned to his american express business card, which offers spending potential that's builting business needs. he used his card to furnish a new exam room and everyone was happy. get the card built for business. by american express. >>> "lightning round" is sponsored by td ameritrade >>> it is time and then "the lightning round. are you ready? george >> caller: hey, jim. thanks for taking my call. i love your expertise on the markets. >> what? >> caller: thanks for providing all these years of expertise on the market. >> thank you very much thank you. >> caller: if you are like me and own property in california, you probably noticed your insurance go through the roof in the recent year. i have had a 43% increase by allstate and i never had a single claim. >> wow. >> caller: i came across the a company, a blessing in disguise, and they got me rates that were much lower than what i was paying before. and coverage that was much, much better. >> okay. >> caller: i got my friends to switch over -- >> good for the company. but what stock. >> caller: they have partnered with reinve

petsworth turned to his american express business card, which offers spending potential that's builtg business needs. he used his card to furnish a new exam room and everyone was happy. get the card built for business. by american express. >>> welcome back to fast money check out bitcoin dropping another 7% as china intensifies it crackdown on crypto mining. the news hitting crypto-related stocks like microstrategy and coinbase falling deep into the red. every time crypto makes a big move, i don't know what to make of it. >> the charts are challenging. the charts, i think whether you are a pure technical chartist, there is a test to come. a lot of the short-term sentiment is around china's restrictions and there is a lot of sentiment around last week and where the fed is it was interesting that bitcoin kind of grew up and behaved like the correlations inverse to the dollar and to fed interest rate policy and hawkishness, dovishness was very impressive for something that was not about store, value or digital gold >> for more brian kelly joinsous the fast line. b.k. what, do you make o

by american express. some say this is my greatest challenge ever. but i've seen centuries of this.n that powers a digital world, traded with a touch. the gold standard, so to speak ;) >>> the death toll in surfside, florida, expected to climb after the partial clamollapse of a beh side resident. shepard smith is live with the latest hi, shep >> reporter: hi there. they're holding a news conference right now, the miami-dade county mayor is speaking no new numbers to offer, but they do tell us they're now briefing the family members at the center just around the corner from here every four hours. right now the number of people unaccounted for stands at 159. four people confirmed dead they've not found anyone else in the rubble today they have brought in new heavy machinery that's stirring up the pile and somehow down there within it is a fairly significant fire the mayor of surfsize told me a short time ago that he believes there was, in fact, a generator at that building and it's his belief that the generator fuel is likely burning. they're concerned that it's toxic and many on the

by american express. . >>> welcome back, everybody.ellia therapeutics shares soaring after positive results in a clinical trial from an experimental gene editing technology other gene editing stocks also rising it's a day for the gene editors, the etf is up as crisper, intellia are all held in that fund this is the day for the gene editors. what did you say here steve weiss? this is a small study. >> it's a small study, number one. number two, the medical community is very uncertain about gene editing, and there have been research papers have shown it could cause cancer when you edit a gene. editing a gene is changing the chemistry of the body. what i like in this play is moderna. since the jury is still out on gene editing moderna has had a partnership with vertex in gene editing and their supplier also supplies the gene editing companies so, why not take advantage of everything going on that's modern in health care and make it moderna moderna to me, their technology is like apple, amazon, pick one that was very early in their infancy

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by american express. >>> welcome back we've got a news alert on the cruise industry.nconstitutional and took it to court, a federal judge has agreed that the sails orders are unconstitutional, not everyone needs to be vaccinated right now the orders are in place until july 18th. this is a big change for all of those cruise ships that leave florida. this coming from a federal judge moving in the same direction as florida. back to you. >> wow, that's a big one, thank you, we'll watch that one. >>> monday at 3:00 a.m. eastern time amazon kicks off its 7th prime day, earliest in the year yet only eight months since the last one worldwide sales expected to grow $11.8 billion over the 48-hour event. it is attracting new prime members. you have to be a member to get the deals and fly wheel strategy extends to those deals, biggest discounts on sellers are on amazon own product like the echo devices and amazon tv sticks hundreds of others have retail deals, seeing 10% increase in sales online during prime day last year compared to smaller reta retailers, it has a halo effect o