andrew ross sorkin, always good to see you. i appreciate you joining us on this busy hour.ephanie ruehl. hallie jackson picks up breaking news coverage on the other side of the break. potent blend of nutrients so you can emerge your best with emergen-c. age is just a number. and mine's unlisted. try boost® high protein with 20 grams of protein for muscle health. versus 16 grams in ensure high protein. boost® high protein also has key nutrients for immune support. boost® high protein. water? why?! ahhhh! incoming! ahhhahh! i'm saved! water tastes like, water. so we fixed it. mio. it's the biggest sale of the year, on the new sleep number 360 smart bed. it's the most comfortable, water tastes like, water. dually-adjustable, foot-warming, temperature-balancing proven quality night sleep we've ever made. save 50% on the new sleep number 360 limited edition smart bed. plus, 0% interest for 24 months. only for a limited time. introducing xfinity rewards. our very own way of thanking you just for being with us. enjoy rewards like movie night specials. xfinity mobile benefits. ...a

. >>> good morning welcome to "squawk box" here on cnbc i'm becky quick along with andrew ross sorkin joe is out today big day with what we are watching with the jobs report. ahead of that, the u.s. equity futures. they are flat. they are waiting to see what happens too. dow futures up less than a point. same story for the s&p nasdaq down 18 the nasdaq and s&p 500 set new records yesterday again. all-time highs we continue to watch that. right now, it looks like everybody is waiting for 8:30. two and a half hours to see what the fed has to say or the jobs report has to say and the fed may do as a result of that that certainly is playing out in the treasury market as well. right now, it looks like the 10-year note is yielding 1.245%. we are back above 1.2% again, a lot riding on what happens today with the jobs report and the adp report on wednesday which was weaker than anticipated. you saw downward pressure with the 10-year falling below 1.2% >>> let's look at the "squawk stack" this morning. it gives you an idea of what is moving rea real estate and technology nasdaq at the all h-ti

i'm melissa lee along with andrew ross sorkin joe and becky are off today.g to add a fraction of a point. nasdaq up by about 19 points treasury yields fairly stable all morning. 1.2% level of the ten year right now. andrew >> thanks, melissa, and shares of movie theater chain and retail investors darling amc jumping in the pre-market. company reporting a smaller than expected loss for the second quarter, and revenue that beat analysts estimates amc helped over the last few months by lifting of covid restrictions and return of moviegoers to theaters as well as release of "fast & furious" and "godzilla versus kong. acknowledging the company's recovery has a way to go but said u.s. ticket revenue third quarter was on track to reach 45% of what it was back in 2019. now, amc announce add deal with warner brothers for a 45-day exclusive. here many the kicker saying amc is ready to accept bitcoin for tickets by end of 2021 you don't want to miss him in a first on cnbc interview next hour the other kicker, by the way, melissa. you know, he said he's planning to put

good morning welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. joe, you are right positive territory yesterday at this time. the dow actually set an all-time high early in the session before giving it all back and closing down 100 points. s&p was down this is four of five sessions that dow and s&p were down nasdaq eeked out a gain of a point. to put it in perspective, the s&p and dow were 1% from an all-time high. we should check out treasury markets at this point. the yields continue to be under the extreme pressure yield for the 10-year right now below 1.2% 1.159% >>> the "squawk stack" with the other indices. within a spitting distance of all-time high. i feel i say that every day. and right now the dow transports are 11% from the all-time high you are talking about correction territory for one of the big indices. russell index is down from the all-time high. energy was weaker. down 3.6%. big drop for wti energy is down energy is 11% from the all-time high the s&p health care index at the all-time high yesterday. those are the ones that we ar

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

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

good morning welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. welcome back good to see you. >> great to see you >> great to see you as well. i'm here punchy >> i noticed already going off script a little? >> semi -- to my right and blind spot a little bit punching. long drive asphalt. i-95 cowboy. i know every bit of asphalt. i have adaptive cruise control i can move my right leg. previous times i could not move my hip or right leg. that frees you up a little bit autonomous driving, i think should be maximum what i do. i'm there. i'm ready. i'm in control >> cruise control is the most we can really qualify for >> adaptive cruise control with the tesla investigation >> you see what is happening there you go calm, cool and relaxed as always maybe we should get you a cup of coffee >> have you had a horn replaced? >> i don't think i ever used my horn >> i used it >> you are so timid. as we go >> welcome back. gang's all together. you see a little bit of pressure built up dow futures down by close to 200 points yesterday at this time we saw a lot of

good morning welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin this time. the dow actually set an all-time high early in the session before giving it all back and closing down 100 points. s&p was down this is four of five session

. >>> good morning welcome to "squawk box" here on cnbc i'm becky quick with andrew ross sorkin joe isare watching the u.s. equity futures. a down day yesterday for the s&p and dow. dow was down 1% yesterday. it regained much of the decline with the gain of 99 points this morning. it did lose 324 points yesterday. a decline of close to 1% this morning, s&p is indicated up by 12 nasdaq up by 40. yesterday was the third of the fourth sessions that the dowwa down the dow transports and russell the nasdaq was up 19 points. we will continue to keep an eye on things this morning if you are watching th

good morning welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin good to see you. >> great to see you >> great to see you as well. i'm here punchy >> i noticed already going off script a little? >> semi -- to my right and blind spot a little bit punching. long drive asphalt.

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

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

. >>> good morning welcome to "squawk box" here on cnbc i'm becky quick along with andrew ross sorkining with the jobs report. ahead of that, the u.s. equity futures. they are flat. they are waiting to see what happens too. dow futures up less than a point. same story for the s&p nasdaq down 18 the nasdaq and s&p 500 set new records yesterday again. all-time highs

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

let's bring in andrew ross sorkin who spoke with him. ords there >> bold words, this was before the adam aaron interview that took place with jim -- jim and david on "squawk on the street." i think there is a real question right now within the meme stock world about what is, quote, unquote, investing mean. by the way, what's investing and what's trading maybe we should say they're two different things in in instance, that the meme stock folks are into trading, which is maybe a different thing than investing and then the secondary layer of it, which is, you know, you can have collective wisdom, also collective delusion. but are these groups of meme stock traders, if that's what we call them, can they manifest their own destiny. that's because that is that's a large part of what we're seeing here if ano a company like amk can raise enough money over time that they can pay down debt and use it to make lots of acquisitions, can you manifest your own destiny you could argue tesla was that, that tesla was able to manifest its own destiny by rep

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin.re live at the crossroads of the world. right now i'm outside at the crossroads of the world sitting at times square where we are awaiting brian

i'm melissa leah long with andrew ross sorkin and scott wapner and also joining us is "shark tank's"court. kevin, congratulations good to see you. >> welcome, mr. wonderful. >> do you actually -- >> very exciting. >> we'll get into "money court". >> are we going to have money fights >> i am the guy. >> we have to have some money fights to ge

this is an issue, it is interesting, i had andrew ross sorkin on pivot last week and we talked abouthis, the amount of money they're making because they're monopolies in each of their areas is massive that's the one thing that is really probably will stick in the minds of courts and things -- and people are making legislation. apple is involved in this epic lawsuit. they may win there they might try to outrun this. they're not going to ever outrun this completely. there is going to be coming legislation that happens where the stores will be regulated in some fashion, no matter what they do. they can make all the claims they want and some of them are valid. but they're not going to outrun the idea that consumers should able to choose what kind of payment systems they use in systems like that and allow developers to have relationships with those customers >> they may not be able to run that -- outrun that idea, but it seems like the settlement that apple made in the u.s. here on thursday night is very different from what could happen in south korea and that there is a lot more friction

do what elon musk has done with the capital that he's been able to raise, then fine i think andrew ross sorkino far. >> manifest destiny of the meme stocks before we go i want to get your two cents on what's going on at snapchat where people are fleeing the platform for youtube and tiktok as they say money is drying up. creators have complained that a million dollar a day payout snapchat promised no longer exists and there seems to be no rhyme or reason as to who's getting paid and how much. snap shares are down about 1 1/2% today still up 50 erase this year. deirdre, i know you guys spoke about this this morning. what are your conclusions? >> well, if i had a tiny violin i might play it. i do feel for these creators who are used to getting more money but the reason that facebook and youtube and some of the other platforms, new platforms have proliferated and are putting the focus on creator monetization, i think goes back to snap leading the way and paying out reasonable high fees to creators at the beginning that has really paved the way for others to do so for more competition. so the idea

andrew ross sorkin will be interviewing ray dalio over looking the hudson the chain smokers having an outdoor concert at the venue upstairs it's not the javits center people are used to it's the brand-new vip extension to the center. this is a hallmark event where we are showcasing new york i'll have the opportunity to do that scott wapner who you are subbing in for will be there to do interviews and some of the -- your economic advisory team like kari firestone jon najarian, et cetera. we're superexcited about the event. we except the fact that doevd is going to be with us. and we are taking the protective measures necessary to keep people safe inside that environment. of course it will be well spaced and there will be lots of outdoor activities during that week >> pulling it off september 13th kicks off at the new extension on the javits center as well and i've heard a few of those speakers anthony scaramucci, thank you. good luck. >> thank you. >>> all right. let's move on to technology. because big tech, a big part of the record rally what's new and stocks go up because people wan

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

i'm melissa leah long with andrew ross sorkin and scott wapner and also joining us is "shark tank's" kevin o'leary who is the host of cnbc's "money court. kevin, congratulations good to see you. >> welcome, mr. wonderful. >> do you actually -- >> very exciting. >> we'll get into "money court". >> are we going to have money fights >> i am the guy. >> we have to have some money fights to get some decisions here we have wapner, too, who's the judge. i don't know how this is supposed to work. >> kevin and i need to negotiate something before he gets on. >> i guarantee you i'm getting the royalty. >> i don't doubt that. let's get a check on u.s. equity futures. this the day after the s&p and dow hit record highs down by 5 points right now dow looking to add 22. the nasdaq is looking to be down by 50 points tech on a relative basis was weaker in yesterday's session. we hover there at 1.371% on the 10-year. the 2-year is at .24%. scott? >> news breaking two hours ago senate democrats took a first step towards passing a $3.5 trillion spending plan the chamber approving this in a party line v

andrew ross sorkin. teachers whose entire professional mission is to educate and keep kids safe won't require the vaccine among themselves. this after the union didn't want teachers in the classroom for nearly a year. let that sink in. i've been saying it the past month or two, you can see this coming. just like my law professor, professor peerson said, you should be able to see this coming like a freight train out of the mist. it's coming at you. the teachers who complained and used it as an excuse, you can say it now because they've shown their hand. we can't go back in the class. your kids have to stay at home and do distance lerners. these parents they want us to be baby sitters for their kids. we can't go back to the class because of the vaccine. now saying don't make us get vaccines. you can't make us get vaccines. it's ridiculous. i'll be really honest, my kids, willie's kids, your kids if they were still in school -- >> they are. >> -- they'd be okay. it would be tougher socially, but academicall

facilitating, yes, is jack dorsey a total outlier no when i listen to -- incredible interview andrew ross sorkinid not mince words about how he feels about facebook, but i feel like that this is a reaction to the printing of money endlessly, and if you lived in zimbabwe in the previous era, you would want this, and we don't want to be zim zimbabwe and i think that people are basically saying you know what's really going on here is i want an alternative and gold ain't working. i had dr. mark bristow on. he's an kplexcellent ceo and he said we've been the repository of the storage of wealth for thousands of years, yeah, but yours doesn't go up, chief >> well, we have been watching palantir bought $50 million worth of gold. >> yes, yes. >> also, i think one of the least appreciated headlines of the week was walmart hiring a cryptocurrency expert. >> thank you i thought that was incredible because i think what's going to happen is people are going to demand -- and it's really been ethereum people are going to demand that it's accepted. you don't want to turn down sales. now nvidia reports tonight, n

>>> good morning welcome to "squawk box" here on cnbc i'm becky quick with andrew ross sorkin joe is out today we are watching the u.s. equity futures. a down day yesterday for the s&p and dow. dow was down 1% yesterday. it regained much of the decline with the gain of 99 points this morning. it did lose 324 points yesterday. a decline of close to 1% this morning, s&p is indicated up by 12 nasdaq up by 40. yesterday was the third of the fourth sessions that the dowwa down the dow transports and russell the nasdaq was up 19 points. we will continue to keep an eye on things this morning if you are watching the treasury market, this is the place to watch. 10-year note is yielding below 1.2% 1.184% we will keep a close eye on that as well. the additional pressure on yields yesterday after the decline in the adp that was about half of what the street had been anticipating we get jobless claims at 8:30 a.m. the weekly tomorrow is the big jobs report for the month we will watch closely, too andrew, over to you. >>> let's talk about robinhood because this has become -- i don't know if you ar

. >>> good morning welcome to "squawk box" here on cnbc i'm andrew ross sorkin with joe kernen becky is off today joseph, just the boys today. we have a lot going on >> the entire world covered between the two of us. >> we will try >> the new york types. we got everybody covered you know what i mean what happened to the restaurant guys, andrew now they're suing? i thought they were all going to go along with that it's complicated we can't count on anybody. >> we will talk about masking in new york and mea culpa about new yorkers. >> how about the w.h.o.? mad we are giving a third shot we develop it and give it to everyone and we still get in trouble. >> we'll hit all of the topics and so much more the fireworks will begin we will talk about the fireworks and the markets. the dow coming off the biggest daily loss in nearly a month falling 383 points just over 1% s&p falling by more than 1%. nasdaq falling by just under 1%. the declines coming after the fed minutes showed the federal reserve began making plans, as joe said at the top, to taper monthly bond purchases before the end of t

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen along with andrew ross sorkin things are a little bit weaker this comes after very strong day for both the s&p 500 and the dow. s&p 500 actually set a record high yesterday today is down 4 points dow futures came within 28 points of its own record right now it's indicated down by 38 points. you can see the nasdaq is indicated up right now it's indicated up by 3.5 points this morning. then if you want to check out treasury yields, you'll see right now it looks like the 10-year note still under that extreme pressure we can't figure out why this is happening. the 10-year is yielding 1.18%. >> new york city becoming the first u.s. city to require proof of vaccination for indoor dining, gyms, mayor de blasio saying it was a move to put pressure on the virus spreading. it's six times the number back in june. president biden praised the move and said other cities should follow new york's lead so a lot going on in new york. we will see whether other businesses also follow that lead in addition to potentially cities separa

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. we're live at the crossroads of the world. right now i'm outside at the crossroads of the world sitting at times square where we are awaiting brian cornell take a look at u.s. equity futures at this hour yesterday was a down day for the markets. it was a rare down day the first day in five sessions that we had seen down days for the s&p and dow. s&p was off by 0.7%. it may not sound like a lot. to put things in perspective, that's the worst performance we've seen for the s&p for a month's time that's the steady climb upward all of those three are indicated down this morning. the dow futures down by 90 points take a look at treasury yields you can see at least now it looks like the 10-year yield is sitting at 1.267%. it's staying there despite all of this talk >> should be interesting kashkari, i'm surprised, aren't you? >> yeah. >> there were times when he was saying things it's like he seemed like he went a little bit too far though especially with his history. >> too dovish? >> yeah