you go back to u.s.teel in march 2018 it was a $45 stock seepingly going significantly high erwhen everything went down on the china tariff front and saw how low the stock traded i would agree and tim would agree we're in a better environment now than steel three years ago and by definition the stocks should be higher. i'm surprised they're not higher now but i understand the stair step they're taking. cleveland cliffs, talking about a eight-year high with still an upside, so despite people saying these are over extended i understand that but i personally there's room to the upside. >> yeah, tim how about you >> yeah so guy's right, referring to good cycle, it's a super cycle is what credit suisse called it and someone who is invested through another of these in late 90's and 2005-06 and topping out in the crisis in '08 all of the ininflaflationare part of story and all going on here, china tariffs mean u.s. companies have the highest margins in the steel world with hrc prices at 12-year highs. these are

to go back to syria, have a listen to a point and then respond directly off the back of human rights watch and documented ongoing violations in damascus in damascus. countryside that relate to the root causes her wise syrian refugees had been displaced. this includes arbitrary arrest and miss treatment by all parties of the conflict, including the syrian security services, catastrophic humanitarian conditions, lack of her lack of health care, access, lack of shelter, lack of food, continued abuse his experience by hearing population inside the damascus in damascus, governor, it all leading us to the conclusion that syria and the massacres are not safe for return. no, go ahead. well, i can totally understand that argument, but there's a lot of places, sadly in the world, dictators, and they don't have good condition. so you could also argue what about people who lives in baghdad? what about people who live in san on yemen? what about people who live in mogadishu and, and felons decision is that the country in the world are rude by dictators. and i wish that you ok, we're sending peopl

another terrific sign with another back to back decroce of 12% from the previous 7-day period and 7-day average daily deaths declined to 587 per day today i have several exciting announcements to share with you. first since becoming cd c director i have seen firsthand the current frail state of the public health infrastructure in this country i'm committing to upgrading the public health system so the nation is ready for whatever comes next today we are announcing the upcoming release of $7.4 billion in funding from the american rescue plan to hire, train and support public health workers across the country reflective of the diversity within the communities they serve over half of the money being released $4.4 billion will support states and localities creating tens of thousands of new jobs in communities across america, expanding the overstrechled public health departments with new hires to support the efforts and $3 billion to build a public health workforce for the future though many threats increased in complexity and scale and recent years the nation's public health workforce has g

back over to you >> yeah. with the labor secretary marty walsh earlier. we had the goldman sachs economist join us a while ago and he points to seasonality and the number of other things, not necessarily this idea that people are being paid to stay home as the key reason why it came in with a significant shortfall of expectations. >> yeah. look, that's right the chamber of commerce has been against these ideas from the start. they lobbied against some of the supplemental unemployment provisions early on in the negotiations around the package of relief to begin with, arguing that just this thing would happen so to some extent they're making the point here that, you know, they were right all along about this from their perspective they're saying we're simply paying workers too much from the government and companies can't compete with that. >> yeah. well this debate is certainly far from over. thank you. >>> in the last minute we have here, mike santoli back to you in terms of what you may be looking for for the

it’s back and be feeling slightly more normal again-— back and be feeling slightly more normal again. what you were _ normal again. it's interesting from what you were saying _ normal again. it's interesting from what you were saying with - normal again. it's interesting from what you were saying with some . normal again. it's interesting from - what you were saying with some 4000 watching today, do you get a sense of that? do you feel when there? you can get a sense they are standing there and it's changing things for you competing?— there and it's changing things for oucom-i'letin2ii' , you competing? 10096. the last couple of furlon . s you competing? 10096. the last couple of furlongs when _ you competing? 10096. the last couple of furlongs when you're _ you competing? 10096. the last couple of furlongs when you're coming - you competing? 10096. the last couple of furlongs when you're coming up - you competing? 10096. the last couple of furlongs when you're coming up to l of furlongs when you're coming up to where the stands are and all the spectators are standing and you can hear

i'm pleased to welcome back. professor richard wolfe who is the founder of democracy at work and the host of the masterly syndicated show economic update his latest book is the sick this is the system he joins me now to talk about how the 2021 economy is fairing malle that were nearly half way through the year amazing half way through the year now a new jobs report indicates that the economy isn't coming back as quickly as some experts have projected richard why do you think that is well i think we have been indulging a failure a failure to face how serious the last 1618 months have been let me remind everyone that as we hope that the cold it is behind us as we hope that the economy comes back that we don't engage in wishful thinking of the most dangerous short here's a couple of things to keep in mind over the last 16 months 82000000 americans had to go and file for unemployment insurance let me explain what that means some of the folks were only unemployed a few weeks others were unemployed the entire time and

are people back?rowing in chicago, we're growing in new york, we're growing in miami. our business even pre-covid has been growing really well. we've doubled our aum in the last four years, we're at over $37.5 billion. and covid has not stopped us. we've been very, very fortunate for that. we picked chicago as an extension of our headquarters. it's a bus -- bustling neighborhood. we want to recruit younger people coming out of business school. if you want to live in a city that's a vibrant area, that's happening, that's hot, we have that opportunity now. if we want to live out in the suburbs to raise a family, they have that opportunity now. so we can accommodate that. and so think we might have a different way as we go on and be a little bit more flexible, but people need to be in the offices. that's where you'll see the business get done. it's hard to train younger people. it's hard to really get a grace pulse of your clients, what they're looking for, what they're expecting, what you're doing right

to come back. starting this month we will also deliver assistance to tens of thousands. every republican in their home state is talking about this being a good idea, tens of thousands of restaurants across the country. the majority of jobs that have come back have been in those industries. we are going to help child centers across the country accelerate reopening and that's underway. that will continue to improve. today's report makes clear thank goodness we passed the american rescue plan. help is here and more help is on the way and is needed. second, today's report is rebuttal. the loose talk that americans just don't want to work. i know some employers are having trouble filling jobs. but what this report shows is that there is a much bigger problem not with standing the commentary you might have heard this morning. it is that our economy still has 8 million fewer jobs than when this pandemic started. more workers are looking for jobs and many can't find them. well, jobs are coming back, but th

here back in march? and then finally did break higher we'll see. we didn't have the energy built up financials versus tech either or. it's reflation and fast growth and tech lower yields, mur interest in the growth stocks. financials outperforming but today both are on the rise together so not necessarily always a zero sum game interestingly bond yields with a quick rush down and then hire. expedia is a big mover today very good earnings trends of bookings and confirms on the recovery path to get to earnings of 2019 on the downside take a look at monster beverage, a huge growth stock winner over multiple years. clearly not leveraged to the recovery they said the short and of aluminum cans might be an issue and pressure margins that is an interesting wrinkle here, tyler. >> thank you >>> bond yields also on the move after the surprising jobs report rick santelli tracking the action >> lots of u-turns in the marketplace. 266,000 was weak many say it was the seasonal adjustment process and made sense but st

get back into the fray, if— keep working to get back into the fray, if you — keep working to get backe road to recovery continues he feels _ there. while the road to recovery continues he feels positive i there. while the road to recovery continues he feels positive about| continues he feels positive about his comeback. yeah, i'm sure we will see him back in an internationaljersey before too long. still to come on sportsday... back on the track... after a career—ending crash last year, romain grosjean is ready for one final ride in an f1 car. can you imagine them growing up

back. >> announcer: this cnbc program is sponsored by truist wealth. we focus on investor relations while you focus on what matters most experience capability, crafted by lexus. the remarkable gx and lx. lease the 2021 gx 460 for $529 a month for 36 months. experience amazing, at your lexus dealer. lately, it's been hard to think about the future. lease the 2021 gx 460 for $529 a month for 36 months. but thinking about the future, is human nature. at edward jones, our 19,000 financial advisors create personalized investment strategies to help you get back to your future. edward jones. >>> big swings in the indicies this week. the dow and s&p down slightly. the nasdaq is up nearly .80% joining us now is the ceo of tiff investment management did i call that? tiff you want me to call it tiff? >> tiff is terrific. that's the acronym >> okay. you have a, i think, in the back of your mind, more of a fiduciary responsibility it is a fine line to try to maximize returns you need to be in equity, bu

back up 33%. that will get your attention >> what did you think of the fed's comments when they would start to discuss it at some point and eventually. they hedged it as much as possible the markets did go up. we are not doing it tomorrow talk about stop potential purchases in the bond market and talk about tapers. >> planning to come up with a plan to plan to come up with a plan that reminds me of sheldon no, no it's not a cult. if you think about going against what the consensus is, i think you are seeing a few people do that now maybe that is leaking out. those were april comments that are coming out >> it's usually six weeks later. that was my question they must be more concerned at this point than six weeks ago. >> then i thought, all of the commodities we think are showing underlying inflation, they are backing off, too was that asset inflation not real inflation >> i think it is hard to get some of this stuff it is the demand picture and supply chain pictures. it is hard to get into this. l

is, visitors are starting to come back. grape growers in napa valley are telling me that they are actually the lucky ones. grapes do not need a lot of water right now, just warm sunshine. they're getting plenty of that. that could change with a prolonged drought. of all of the crops that are grown, great minds are remarkably resistant. a fifth generation napa valley grape grower they know about droughts and their impact on the wind industry. grapevines can thrive without a lot of water. it all depends on how long this drought lasts. >> we will always be concerned. we track water, obviously, a lot of different vineyards have water probes and are testing the soil to see at what levels and percentage that the soil has moisture. >> reporter: low rainfall leads to lower crop yields, which could mean less when for consumers. in a region the already focuses on foreign quality into every glass, versus quantity, the drought has not impacted the wine business just yet. here at the napa wine company that produces their property line l

they are back in school. out to others. by the way, i actually had that video on loop this morning watching the kids jump around is cool. >> i love it that'll be me and you when we can sit next to each other again. >> we're getting there. >> we're close. >>> coming up next, a story all parents need to see. >> kate snow is joining us, and she has an eye-opening look at a dark side of social media. wait until you see who is targeting kids now to sell them some very dangerous stuff. first, these messages. i remember hectic moments, everyone just panicking and a burning smell from the airbags my pixel started vibrating, it prompted me whether i needed to call 911. i don't ever really think about how's my phone going to save me today? [sfx: psst psst] allergies don't have to be scary. spraying flonase daily stops your body from overreacting to allergens all season long. psst! psst! all good i'm david collado i chose the spark cash card from capital one. cause i earn unlimited 2% cash back on everything i buy. last

jimmy carter: now it's up to you. ♪ back ♪ back on the chain gang ♪ ♪ oh, oh, back on the chain gangor so many remote workers, getting back on the chain gang is what going back to the office is going to feel like. >> while many essential workers have never stopped going to work, for everybody else, many are rethinking the post-pandemic workplace. here's linsey davis. >> reporter: according to linkedin, nearly 25% of the applications in late april and may 2021 were for remote jobs, a 7% increase from last year. companies like twitter announcing that they'll continue to allow employees to work from home permanently, while other groups like citigroup, microsoft and google have a hybrid model, a mix of work from home. and the office for their employees. >> i think that it's quite possible that over the next five to ten years, about 50% of our people could be working remotely. >> reporter: but some say it's time to hang up the pajamas and come back to the office full time, like j.p. morgan ceo jamie dimon. >> i'm about to cancel all my zoom meetings. i just think they're -- i'm done with

only from newday usa. ♪ (ac/dc: back in black) ♪ ♪ ♪ the bowls are back.ifornia's choice beauty? pretty boy. or a beast? john cox grew up with nothing; made himself a remarkable success. california's falling off a cliff. high taxes, unaffordable costs! even elon musk left! gavin's mismanagement of california is inexcusable. we need big beastly changes in sacramento. i'll make 'em. recall the beauty. meet the nicest, smartest beast in california. john cox. emergency planning for kids. we can't predict when an emergency will happen. so that's why it's important to make a plan with your parents. here are a few tips to stay safe. know how to get in touch with your family. write down phone numbers for your parents, siblings and neighbors. pick a place to meet your family if you are not together and can't go home. remind your parents to pack an emergency supply kit. making a plan might feel like homework, but it will help you and your family stay safe during an emergency. >> president biden: our goal by july 4th is to have 70% of adult americans with at least on

back to, know what else they say is really gonna come back this summer. they think travel. >> apparently. oh, for sure. yeah, i think so. a lot of outdoor music. i'm already hearing a ton of constant. yeah. every we can't get enough of doing stuff. thanks a lot. j that. >> 7.20 daryn mentioned the price lumber going up and boy, it has skyrocketed across california across the country really. and it's impacting the rising cost of new homes to we've got melanie townsend taking a look. >> the intensifying demand for new homes in this booming sacramento housing market has domebuilder scrambling to keep up and soaring lumber prices aren't helping the situation in a recent study by fortune dot com. the average price of lumber is now 200, 80% higher than what it was pre pandemic, which is causing the cost of construction to also increase 30 to 40%. in a statement from the division president for homes by town. jeff pence teen. he says, for a typical 1500 square foot home just rough lumber used for framing has increased from $14,000 per home to 29,000. he adds this

homes back in the nursing homes. that's led to thousands of deaths and that's why their record is so bad. >> thanks, sir. >> martha: that's "the story" of may 18, 2021. andrew guliani joins us tomorrow. he's running for governor of new york. "your world" is next. >> sandra: thank you, martha. president biden continuing his spending push today. this time at a ford electric car facility in dearborn, michigan. white house officials and senate republicans prepare to meet on capitol hill. here trying to hammer out a compromise on infrastructure. all of this as member of the squad and other progressives are urging the white house to go big and go fast. coming up, we'll speak to republican senator mike brawn, a member of the appropriations committee. welcome. i'm sandra smith in for neil cavuto, this is "your world." we are all over it with mark meredith in dearborn, michigan on that spending pitch and chad pergram on capitol hill where republicans are pushing back. we begin with mark. hello, mark. >> hello, sandra. earlier

we will not get all 1.6 million jobs back in one month but you will start seeing those jobs coming back. mark: the president rejected the idea enhanced unemployment insurance benefits are keeping americans from filing millions of vacancies. a senior health official at the centers for disease control who warned americans about the pandemic is set to resign. she told her colleagues she will step down from her position. the official became a target of former president trump after she contradicted the white house in the early days of the pandemic, warning covid-19 could kill many americans. new jersey governor phil murphy is considering cash incentives to lure people to get vaccinated for covid-19. new jersey is running a so-called shot and beer program that offers free beverages at new jersey breweries for people who can show proof of vaccination during the month of may. the governor told fox news, "all things are on the table concerning a potential cash lure." police in the mall dives say an explosion that wanted the former president and for others, including a british national was an act

to get back jobs. host: pasadena, california, independent caller:. caller:i am calling because i am on employment and i am receiving the government stimulus and my money has been pending for three months. i am not looking for a job because california is still shut down and we are still trying to find jobs and we are not going back to restaurants. if they cannot afford living wages, close your business. we are not coming back. guest: i am sorry to hear that your benefits have been delayed. that has been a process millions of workers still because of the outdated technology and hoops people have to go through, people do not necessarily know, the federal minimum wage for working in a restaurant is two dollars and $.13 -- $2.13. that is unbelievable in 20 21. one thing we want to see come out of this build that better, what does that mean? we ought to have a wages. i think these restaurants will find workers that need a start, coming out of high school, etc. this is not a reason to cut out everyone from un

but for now, back to the ok. and one of the big stories making national headlines and local headlines too. or is the confusion over masks now that the cdc has issued new guidelines. >> some people are struggling too understanding. exactly. i'm one of what the cdc says fully vaccinated people can take off their masks in most indoor settings base can ultimately decide their own rules. so really does depend on where you live as to what protocols you need to follow. we have our dc correspondent anna wiernicki to explain. >> good morning. the cdc's decision caught many states by surprise. a number of states announced plans to follow my with the cdc guidance. effective either immediately or in the coming weeks. but others are still deciding how to respond. >> the cdc says it's ok for vaccinated americans to unmask indoors. people who have are vaccinated are protected, that they are the vaccine is working. cdc. director doctor rochelle walensky said on nbc's meet the press that the sign shows the risk of infection is lo

you need to go back to syria. i think there's a lot of public support for helping refugees in denmark, but there's not a lot of public support for, for having a huge immigration that the country can control. and i'm a say make it, i wish it were right, but this integration is not working so well if you look at on employment and crime and things like that. well, it looks pretty bleak. and i think that's the point that then mike has a welfare state, which means that you are entitled to, to some, some internet lavish conditions content compared to a lot of places. and. and if you go back 40 years ago, there was a round, 50000 non western immigrants in denmark analysis around half a 1000000. and i know to american listeners that might not be very much. but, but in denmark which has around 6000000 population, that's actually the biggest demographic shift ever in danish history. you have to go back to the, i'm a to something and they're simply not public support to continue having an immigration in that magnitude. and i

how do you get back there?x policies, his de regulatory policies. one of the reasons this number or this month concerns me is possibly, it's just one month, but possibly, it's an indication of some business pullback because of what they're hearing about upcoming tax increases and a pretty ideologically driven labor agenda right now, so i think those are questions they need to ask. how do we get back to the pre- covid economy which was so strong. i don't think you get there by having the opposite of the policies that were in place when we arrived at that very robust economy. neil: they say just the opposite it's the darndest thing. secretary, thank you very very much, eugene scalia, former labor secretary of the united states. want to turn to politics with our charlie gasparino and a big texas donor that will feature the former vice president, mike pence, and one chris christie the former governor of new jersey. what's going on, charlie? charlie: and tim scott and marco rubio, as you said mike pence. i mean, thi

being back what need goals you would need back and play well i'm a visionary if you get a violent back that i am but out of all that you were in the fire i'm going with the way they look at us i just feel that only to fans as long as that of a week before the 'd ladies of the 4 of them like regular. walks and party ok then i would assume the moral is in favor of waiting until actually over to protection what does it mean for a country like morocco it's very important for morale for for a simple reason actually and i think for oh now for can countries most likely desist order i would point this way because you have agreed you have money on being greedy and for a simple process but you said something very important national in the beginning you said that if one country were not pulling the w to you this decision that since it would not go through so we can see that you not going to go through but i think for all the countries what is important is just to set the precedent so you in a time of crisis it's a really we have to have some kind. measures like that so we know we don't look to af

we'll be back in a moment.lion from the federally approved package released in march. and investing millions of dollars to childcare and providers. today's announcement takes place at 10:00 a.m. in a still undisclosed location in alameda county. happening now, kris sanchez is looking into areas that will be i impacted most by that announcement. she will have a live update at 11:00 and we will post updates on our twitter feed. >>> hot and windy conditions are extending the bay area's red flag warning. another 36 hours tomorrow. at midday, kari hall will have the latest. everything you need. it's long on pages. short on coverage. that's why three was created. it covers your entire business in just one policy. because small business owners have enough on their hands. so go with three and leave those old policies in the dust. sawdust. technically. don't interrupt the spokesperson. this commercial is now over. logo. three. no nonsense. just common sense. >>> live from studio 1a in rockefeller plaza, this is the "3rd

get back to the markets. signs of possible risk appetite revival after aggressive parts of the market has struggled in recent months mike >> andrew, the signs of that are kind of subtle it's happening in the context of an unusually flat period in the market consolidating a pretty good rally. the s&p 500 over the last year, you see it right here capped just above 4200. there was a 4% pull back in there. the interesting thing about the one year chart, you have the two spikes that was the short-term peak and reopening momentum after a jobs report early june. this was the short-term peak in faang stocks and all the mania going back into early september. nothing similar here much more measured this up trend is hanging out there on a lower trajectory. so far holding together. take a look at the russell 2000. that is one of those two areas of risk appetite as a tale also sideways. much more of a downward trend since that february peak now it's starting to suddenly pick up again. by the way, this is not new to go ran

get back into the fray. if— keep working to get back into the fray. if you — keep working to get backwhen i am back there — fray, if you like when i am back there. ~ ., , there. while the road to recovery continues he _ there. while the road to recovery continues he feels _ there. while the road to recovery continues he feels positive - there. while the road to recovery continues he feels positive about| continues he feels positive about his comeback. yeah, i'm sure we will see him back in an internationaljersey before too long. still to come on sportsday... back on the track... after a career—ending crash last year, romain grosjean is ready for one final ride in an f1 car. can you imagine them growing up without a dad. that's why gave me that last push to jump out of the car when i thought it was all over. he horse racing has started a two—month pilot of saliva testing jockeys, to provide on—the—day screening for cocaine and other banned substances. previously, testing methods used blood, urine and hairsampling. the british horseracing authority said they were concerned by the rise i

back to uni and i can't go back it's — going to go back to uni and i can't go back it's so _ going tock. it's so annoying.- go back. it's so annoying. hitachi is now checking _ go back. it's so annoying. hitachi is now checking all _ go back. it's so annoying. hitachi is now checking all the _ go back. it's so annoying. hitachi is now checking all the trains. . go back. it's so annoying. hitachi is now checking all the trains. it| is now checking all the trains. it is now checking all the trains. it is unclear at this stage exactly how widespread the problem is. a spokesperson said some have been taken out of passenger service as a precautionary measure to allow for thorough investigations and hitachi is working to resolve the issue as quickly and safely as possible. the company apologised to passengers for the impact on travel plans, even with some of the trains already coming back into use, further disruption is likely to follow. katie austin, bbc news. manchester city are on the brink of winning the premier league. they will be crowned champions if they beat chelsea later today. ou

looking back at april. dow was up 2.7% and the s&p was up 5.25% and the nasdaq up 5.4% this morning, you are seeing green arrows again after the gains from last month. dow indicated up 137 points. i saw it indicated up almost 200 points earlier this morning. maybe an hour or two ago the s&p 500 is indicated up 14 points right now nasdaq up 11.5 we should check on treasury yields right now, it looks like the 10-year is yielding 1.649% you are at the higher end of the range. we should look at the cryptocurrencies this morning. they are all trading higher this morning. an article in "the wall street journal" talks how stocks have been on the run and individual investors hold more stocks than ever before. 40% of the assets from the household are now in stock that data goes back to 1952. crypto also a big winner you can see what is happening here ether is up 6.8% this morning. this is despite the negative comments from warren buffett and charlie munger charlie was very specific saying he does not like crypto at

they lot of them are up -- come back by june and if you are not back by september we're gonna have an issue. but there you see it office space leasing is falling. we continue to question just how much space will really be taken. new space. even what it will be and obviously won't be occupied by companies that are already paying for enormous amounts of space for wh which employees are not showing up. >> i do think the big issue here, david solomon has do what he has to do right now lay down the law before in the next three weeks there is an exodus to the hamptons. >> i think they are doing that. >> yeah -- >> -- not just him it is any number of those who run these large organizations and financial services do want people coming back but you have to say june with the expectation that you get to september, if people still aren't coming back, then you have a much more serious conversation. >> the moment they come -- carl t moment they come back, the restaurants spring up, the retailers spring up. they got to come back. >> well, that's -- that's why danny was so excited to see that headlin

we need to get people back to work, back-to-school, back to health, and back to normal. i also raised the concern that i want to talk to the president about what i am seeing. america was able to watch those young girls, one not even 11 months old, and had a rancher not found them they would not be alive today. the sad part is that is not the only story like that. those are places we can work together and should work together to try to solve what is happening there. i am really concerned what i see from the future of economics of america. we have not seen inflation month's over month like this since the 1970's and 1950's. we have not seen gasoline rationing since then. these are the things we should be looking forward, not backwards. the idea of spending more trillions of dollars in this economy when you have a supply constraint is the reverse of what you want to do to keep america and make sure we do not have inflation going. >>[indiscernible question] >> first of all, conference will decide, but i do not think anyone is questioning the legitimacy of the presidential ele

let's get back to sarah hewin.e china story, we heard our reporter talking about the strong trade numbers coming through. berg economics talking about exports supporting growth often is him. -- optimism. do these data points add to your optimism about the chinese recovery story? sarah: absolutely. we are seeing very good data coming out of china. certainly on the exports side, on the trade side, it's encouraging. the worst of the pandemic is over for some large economies like the u.s. and europe. there will be a takeoff and exports related to the pandemic. electronic goods, computers, pandemic related medical equipment. what we are seeing is a surge in consumer related exports, reflecting the big stimulus in the u.s. and the recovery more broadly in the west. for china, the domestic economy is in quarters. we are seeing encouraging signs there as well. i think it's important to remember for the economy as a whole, domestic services activity is something worth keeping an ion. anna: one -- how do you treat that? is t

my leg will never grow back. rest of my life, i will remember iraq and afghanistan, i lost it in afghanistan, but i will remember that service, everyone here lost brothers that will never come home. if you have a negative react, you should let them have that grace, not try to say you are young. tactical said we must do this, having said this it is good americans within to fight on behalf of freedom for the people, what happened afterwards? we have benefit of hindsight to say we should not have nation build, but every nation that i went in there was a little girl that looked at me and said thank you, i will forever remember that. >> 6 months from now, kabul in hands of the taliban, does that change your view of your service. >> i kind of -- we went to afghanistan in response to 9/11, john wayne's point, the right decision to go in there, to do what we did. it was a longer venture than anyone expected, i think most important thing on this is the message is clear to afghan government, and taliban, that if there is a

tomorrow we'll get the jobs report tech stocks are pulling back we're seeing big losses on the back of earnings from uber, fastly, rocket, etsy and twilio. >>> and we're keeping a close eye on vaccine makers following news that there were significantly paired losses. 59 minutes left of the session, sara, the nasdaq in the red. >> we've got a big show coming your way in just a few minutes a first cnbc interview with verizon's ceo hans vestberg. we'll talk about the sale of aol and yahoo! >>> plus jack lew joining us to talk about the biden administration's jobs plan and tax debate after president biden just said he'd like to see the corporate tax rate between 25% and 28%. a little clarification there a little lower than first put out. >>> get ready for a flood of earnings square, roku, dropbox, peloton and many others. many of those names getting hit as momentum pulls back expedia down 4.3%. roku down 9% mike santoli is tracking another volatile day for the market. michael yee is with us to talk about vaccine stocks on the back of yesterday's news surrounding the patent protection issue

we see the inertial force of moving back from a 14% unemployment rate back to maybe 6%.he inertial force right now of this trend in unemployment? how strong is the oomph to get back to, say, 4% unemployment? ellen: if we find out later this morning that we move into this realm of one million plus jobs each month, at least for a time, we will continue to drive the unemployment rate lower and it will continue to be one of the fastest market recoveries we have seen. what is interesting is what happens with the labor force participation rate. you can get that rate lower very quickly if a lot of people have dropped out of the labor market altogether. it has to do with how we calculate unemployment. what we want to see is the unemployment rate continue to come down, but not necessarily so quickly because we are bringing a lot of people back into the labor force. i think that is the important underlying detail that we will be looking for in each monthly report. jonathan: how much patience do you think we need to work through these distortions? when you get a clear picture of wh

democracy which is in 'eopardy that we strike back._ that we strike back.ck. why is the bill being pushed _ that we strike back. why is the bill being pushed through - that we strike back. why is the bill being pushed through so . bill being pushed through so quickly? bill being pushed through so cuickl ? , ,,, bill being pushed through so luickl ? , , ., quickly? this is part of the bi aer quickly? this is part of the bigger plot- _ quickly? this is part of the bigger plot. the _ quickly? this is part of the bigger plot. the company | quickly? this is part of the i bigger plot. the company and peddled the notion that there had been widespread voter fraud, and that voter fraud was rampant across the country which is factually incorrect. republicans are doubling down on the lie and in texas they are utilising it to intimidate voters into giving up their voting rights. this bill which they tried to label under trust of the democracy system is nothing but a solution... voter suppression is real in texas, it has been for hundreds of years, and we are seeing rep

jobs are still gaining back. we are still -- more jobs are still being added, but at the same time, he can now say more stimulus is still needed. and, in particular, focusing on that infrastructure proposal that he has, which zwe have head him frame in the term of these blue-collar jobs that can be created. that's something we can expect to hear from the president once again this morning. >> so christine romans, that's what the president is going to say. let's be clear. the president and the white house were expecting a victory lap on these numbers. they'll not get it. so they'll argue for more money. we need it. you're already hearing from republicans and i bet you five bucks you'll hear more from them today saying there's no incentive to go back to work because there's too much unemployment insurance, et cetera. what does the data tell us about which of those forces is real? >> the data tells us there's a huge mismatch in the american labor market right now. you have factories that have half a million jobs are

we need to get back to work, back to school. back to health, and back to normal. it's simple.t's the only thing we should be focused on. pete: other thing to pay attention to how do private businesses pay attention to this. private businesses not changing. ones on the left still requiring masks in their stores? reviewing it is in the middle, will play in the land. walmart, costco, trader joe's saying we are tropic our mask requirements if the cdc says it's happening. i mentioned it last night, will when we were on with kilmeade and will cain will be hosting upcome we will talk about that "fox news primetime" it's going to be awesome. the fact that i texted my kid's principal right away in a catholic school saying hey in light of the guidance when do the masks come off the kids? can i sign a waiver saying hey i'm cool with my kid. en. carley: did he get back to you. pete: i will be watching. carley: i was watching you twice last anytime and i'm curious what he has to say. pete: where does it fall as it cascades to other organizations and i think it's time to allow people to exe

you go back to measles.a: the idea here of potentially opening up not only for another crisis, but just in general to drug production if you remove some of the financial incentives for companies to innovate stop what does that do long-term? that said, the biden administration as think that this is a one-off, specific situation and does not set a precedent. jonathan: what we have also seen over the last six months is the vaccine alone is not enough. you also be the right policies. india and brazil, the two countries pushing for this ip waiver, arguably at the moment have the worst leadership on this pandemic. tom: and can they manufacture and execute intellectual input? ♪ jonathan: from new york city, this is "bloomberg surveillance." thursday morning price action. equity features bouncing back, up about a third on the nasdaq. identify little tension in the market. let's switch up the board over the last 24 hours. s&p 500 energy come up by more than 3% yesterday. the banks up by 1%. utilities off by 1.7%. if

going back into the iran nuclear deal. back in a moment.is why t-mobile for business uses unconventional thinking to help your business realize new possibilities. only one 5g partner offers unmatched network, support, and value-without any trade offs. this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. maria: welcome back. good wednesday morning, everybody. thanks so much for joining u i'm maria bartiromo. it is wednesday, may 5th. a look at markets this half hour, futures are pointing to a good rally, off of the highs this morning. we're waiting on the adp numbers which are the jobs numbers for the last month. dow industrials up 78, nasdaq up 86, s&p up 15 and-a-half, bouncing after a mixed performance yesterday. yesterday was interesting to watch, the dow transportation average hitting another rec

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maria: welcome back the fight to take back the house, republicans are pushing to out liz cheney and herchair, elise stefanik gaining support to replace her, former president trump and steve scalise are among the first to back the phonic. here's what scully's told me this week. >> we had a conference retreat, we had over 150 members of the house republican got together in florida to start talking about unifying a rounded agenda for next year to take the majority back not just to be the opposition party, were opposed to the socialist agenda pushed by speaker pelosi president biden but starting uniting around the principles we can all agree on moving forward to get our economy back on track to push against what they're trying to do with high taxes and heavy regulation to confront covid but those are the kind of conversations we were having and it just seems like there's a few members that are talking about things that happened in the past, not really focus on what we need to do to move forward and when the majority back next year i think you saw congresswoman cheney given a press conferenc

we're back now with the panel.usan, there's been quite a debate ever since the numbers came out friday morning about what they mean. president biden says that it shows the need for that $4 trillion in additional government spending but republicans say, you know, what it shows is that big government and especially the enhanced unemployment benefits are the problem. did it suddenly get easier or harder for biden to pass his agenda? >> well, i think the first debate was whether these numbers are a blip or an owe men of things to come and we won't know that for a month or two more down the road. obviously, as you say, both sides seized on the disappointing numbers as evidence supporting their view of how the economy should work. i think that what we know from polling is that americans are really eager to get government help as we face the recovery from the covid pandemic and so i think it probably makes it easier for joe biden to hold every democrat together as he needs to do and push through this huge package. america

the bounce back was tangible. jonathan: the bounce back was tangible.ets, not the nap. lisa: it's nuanced. jonathan: is it nuance wednesday? lisa: what is it, sleepy wednesday? tom: snooze fest wednesday. lisa: with nuanced monday. jonathan: it will be in a couple of minutes when leon cooperman joins us, the omega family office chairman and ceo. he will join us shortly. equity futures up 0.4 percent. heard on bloomberg radio, seen on bloomberg tv, this is "bloomberg surveillance." yields higher at 1.6067%. this is bloomberg. ♪ want your workout to be easier, more effective, and more convenient? then you should try aerotrainer by golo. the new full body workout that you can do at home or anywhere. it's great for planks, squats, core, and glutes. you'll strengthen and tone muscles, relieve back pain, and reduce stress. it's also great for yoga and pilates. get noticeable results in just ten minutes a day. (woman) aerotrainer makes me want to workout. look at me. it works 100%. (host) all of this is a $300 value, but through this special offer, you can get

welcome back to the world. viking.he world in comfort... once again. >>> welcome back to "power lunch. let's get to dom chu with a market flash. >> we want to highlight big moves in beyond meat today up about 11% as the company launches a new value pack product in the canadian market between that and new aurings in the partnership with kfc in china, beyond meat is up 30% just this week on pace for the best weekly gain in about a year the other publicly traded plant-based player oatly is also up today and still not far from the price it debuted at on the nasdaq back over to you. >> thank you jirngs let's get to leslie picker for a covid update >> the global partnership bringing vaccines to less wealthy nations needs help the world health organization is asking for 1 billion doses to kovax this year. india's surge produced a shortfall for june and covax needs $3w by a week from now to lock in supplies through early next year. >>> vaccinations in the u.s. have led to looser covid restrictions and americans are responding

people coming back to work taking the jobs available.wrong it's very obvious people are not coming back to work, even though we want them to come back to work in fact, again, in our hotels we have to run our hotels at 85% occupancy even though we have demand to be full because we can't find people to service the guests the guest experience is terrible there is a fundamental people. the political class is kind of all screwed up and you have some very worrisome things like increase in long-term capital gains taxes. do they want to encourage people to day trade, buy gamestop and dog coin or dogecoin it's a worthless coin or do they want to have a long-term investment it's interesting to see manufacturing jobs drop. manufacturing jobs we're short-term to begin with we want to make a country that's more short-term oriented by raising long-term capital gains taxes to ordinary rates? the idea is preposterous >> barry, do you think -- so you describe that wages are going up, that benefits are causing people to ask for more money, to come back to

when we come back, the morning movers including one space company whose stock is coming back to earth>>> are there signs of shopper u infor euphoria why shoppers are coming back. >>> and the staggering amount of money the companies are making the answer is a lot. the rbi. that's coming up the dow futures are up we're back after this. everyone wakes up every morning to a world that must keep turning. the world can't stop, so neither can we. because the things we make, help make the world go round. they make it cleaner, healthier, and more connected. it's what we build that keeps things moving forward. so with every turn, we'll keep building a world that works. 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

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this is and forgive me a republican backed recall. >> scott: back here french laundry, this restaurants played a big effort. after newsom was spotted dining here they got 400 more cigtures that was more than 1/3 required. >>> get ready to cut back on your water use. new mandatory water restrictions were just ordered for one bay area county. >> coming up, trying to clob covid-19. pinatas offering some relief during the pandemic. >> the delicate operation to rescue this great horned owl. >> i'm meteorologist sandhya patel. if it was too warm for you, some warmer temperatures under way along with some finding new routes to reach your customers, and new ways for them to reach you... is what business is all about. has always been about. so as your business changes, we're changing with it. with e-commerce that runs at the speed of now. next day and two-day shipping nationwide. same day shipping across town. returns right from the doorstep, and deliveries seven days a week. it's a whole new world out there. let's not keep it waiting. it's a whole new world out there. some days, you just don't

it is an ugly into graham -- the space we have to get back to you to get back to normal. we do that? ethan: i do not think we recover that cap. later this year we will recover a lot of it. what is causing the gap is the covid crisis is making people reluctant to work. people need to take care of their kids. unemployment benefits are generous. there are high retirements going on as people rethink their life in this crisis. a lot of that will come back in the fall or into next year. there'll be a chunk of workers that never come back. tom: she has a mismatch. fine. do we get back to a fully employed america? is that a feasible reach for anything but politicians are supposed to say that? ethan: we will get back to full employment but full employment may not be as low as it was before because you have the structural problems of job mismatch. you see it another cycles where you have a big shock to the economy. some sectors grow, others don't. workers get displaced along the way. a higher unemployment rate on a chronic basis. we will get back to low unemployment, probably below