2021 you are watching "worldwide exchange" here on cnbc good morning i'm frank holland in for brian sullivan kicking off your tuesday with u.s. stock futures pointing at losses ahead of the opening bell the dow looks like it could open 150 points lower the nasdaq and s&p both down fractionally stocks coming off another record session with all three major averages trading in record territory and trying for the sixth straight day of gains. plenty of data to chew on. durable goods. pay s&p out at 9:00 a.m. july consumer confidence at 10:00. the econ story is jay powell and the fed kicking off a two-day policy meeting today suggesting that tapering is still a way off pending data over the next several months and the stock of the day has to be tesla. quarterly profits soaring to a record $1.1 billion. the company now in the black for eight straight quarters. despite supply and production issues more on tesla coming up. >>> europe's trading day is well under way. julianna tatelbaum is in the london newsroom with more. good morning, julianna >> reporter: frank, good morning. we are off to a weak st

i'm brian sullivan thank you for joining us again here on "worldwide exchange. we will get more on the stimulus story coming up. it is something you may have forgotten or didn't realize, but it could be a pleasant surprise in your bank account today or tomorrow we'll tell you about it in a few minutes. >>> let's start with where your money stands on this thursday morning. it could be another good day for technology stocks. nasdaq futures up .40% dow futures down a touch s&p up as well it is certainly early. it was another up day for the dow and s&p on wednesday nasdaq did drop very slightly for its second day of losses looking like a much better day today. in the bond market right now, because all eyes on the 10-year, particularly if you invest in tech, guess what that yield moving down a touch again to 1.31% also, let's watch oil. there were reports surfacing late yesterday that saudi arabia and the united arab emirates may have reached, finally, a compromise over an opec plus policy to unlock more supply nearing now a two-week long stalemate. it is nothing i,

. >>> good morning i'm dominic chu in for brian sullivan this friday morning u.s. futures are looking in the red. right now, the dow is implied opening just about 87 points on the down side. s&p down lower 28 points nasdaq down 167. the dow and s&p are coming off fresh intraday all-time highs. all three indexes are looking to close the month with gains now around the world, another rough session in asia as hong kong sinks 2% on continued weakness in big tech companies over in that market. we're talking alibaba, tencent and meituan. all down sharply with trading there. the stock of the morning has to be amazon. sinking in the pre-market after the first relavenue miss in thr years. online store sales hitting $53.1 billion compared with estimates calling for $57.2 billion. another segment firing on all cylinders. we'll have more on the amazon trade. shares off 6% and a big driving force behind why the nasdaq looks to under perform at the opening bell >>> first, breaking news from the european union we head to julianna tatelbaum standing by in the london newsroom good

follow "worldwide exchange," big plpa, brian sullivan ape, spotify or wherever you get your apps.rth had an influx of new patients. so he used his american express business card, which offers spending power built for his business needs, to furnish a new exam room. the doctor will see you now. get the card built for business. by american express. if you're 55 and up, t-mobile has plans built just for you. switch now and get 2 unlimited lines and 2 free smartphones. and now get netflix on us. it's all included with 2 lines for only $70 bucks! only at t-mobile. cynthia suarez needed to buy new laptops for her growing team. so she used her american express business card, which lets her earn extra membership rewards points on purchases for her business. now she's the office mvp. get the card built for business. by american express. >>> welcome back to "worldwide exchange." futures pointing to a higher open the dow up almost 200 points let's bring in keith learner at truist advisory services keith, thanks for being here. >> good to be with you, frank. >> we have you today when the futur

good morning i'm seema mody in for brian sullivan kicking off friday morning with a look at stock futures. we are being led higher by the nasdaq which is up fractionally. the dow lower and the s&p higher ahead of the holiday weekend, the sa&p is coming off a high. the nasdaq is trying to cap off a seven-week win streak. the dow is about 1% away from the all-time high. the headline today will be the june jobs report numbers out at 8:30 a.m. eastern. economists looking for employers to add 706,000 jobs in the past month. for the unemployment rate to tick down to 5.6%. let's get to some of the morning's top corporate stories. bertha coombs is here. good morning, bertha >> good morning. j&j says the single shot covid vaccine shows promising signs in a lab study of protecting against the delta variant. in testing, the company said the shot triggered a strong immune response how well the j&j shot fares has been closely watched by health authorities around the world shares right now flat. up about .60%. >>> and business as usual despite the fiery comments from xi jinping the u.s. will do everyth

i'm brian sullivan here is how your money and investments look as we are halfway through the 5:00 a.msdaq off 171 i like to come on the show and say why this is happening. i'll tell you, i have no idea. there is no major screaming headline out there that suggests that stocks should sell off or no attack anywhere there was no big headline. there is no anything that suggests that we should have a 400-point selloff on the dow you heard lori say at the top of the show it is a culmination of a lot of things going on and seasonal summer weakness and people visiting worries of valuations and earnings growth by the way, we are seeing a sharp move down fortr treasury yields bonds have been getting bought over the last number of weeks. the benchmark 10-year yield is below 1.3% lowest since mid-february. not on the low for the year, but not that far off if you remember on the show two months ago or six weeks ago, scott minerd said he thought stocks or bonds would go lower end the year below 1%. everybody disagrees with that. the call is above 2% he was seen as a huge contrarian that call is look

i'm dominic chu in for brian sullivan futures pointing to modest moves at the opening bell.ied lower by 7 points nasdaq higher by 55. closing at a record. take a look at some of those other sectors. let's start with travel as we await delta airlines results airlines getting hit hard in the last week amid mounting concerns about covid variants taking a look at specific airlines, hawaiian holdings down and jetblue down 3% in that time span as well not much better for the cruise line industry. carnival following 8.5%. norwegian 7% royal caribbean down 5%. stay at home stocks not seeing much of a pop. zoom and teledoc around 6% etsy has shed 5% doordash is down 3%. lumber's continued crash down more than 50% over the last two months that drop starting to show up in stocks with the wo-o-o-d or wood etf now down 8%. and thec---u---t washington, d.c., and new details with the senate democrat plan to legalize marijuana ylan mui joins us with the details there. what can you tell us, ylan >> reporter: top senate democrats will unveil new proposal for legalization and tax action at the

i'm brian sullivan apologize for my attempt at terrible italian, but congratulations to viewers in italy and italians worldwide for winning euro 2020 it was a heck of a game. >>> let's see if the markets can keep winning the themes are earnings and more inflation data tomorrow and wednesday with key small business data out on friday. ahead of it all, futures are mixed. dow futures are down 109 nasdaq is indicated up .20%. we keep watching big tech. the nasdaq 100 beginning this week with an eight-week win streak the longest since may of 2000. we finish higher this week, it will be nine weeks in a row. bond yields are falling. 10-year are at 1.33% oil is another key to the week because there is still no opec output resolution. 400,000 barrels a day. below where they want to be. inventory is declining we are at $73.50 for u.s. trade in crude stocks in asia and europe going in different directions. asia was red hot gains across the board knikkei 225 rising 2.25%. we are seeing declines in europe with the exception of the italian market after that game in euro? why not? everybody in a good m

you are watching "worldwide exchange" here on cnbc good morning i'm dominic chu in for brian sullivany and global markets are opening up today. the s&p implied higher by 6 points and nasdaq by 10. >>> interest rates are on the move we are seeing a slight tick lower in benchmark on the 10-year side 1.26% was the last trade on the 2-year, 2.1%. >>> a lot of corporate news. let's get to bertha coombs with the headlines. >> dom, robinhood is set to trade on the nasdaq today, but maybe signs of softness in the ipo. the stock pricing its ipo at $38 a share. that is at the low of the $38 to $42 range. the company raising close to $2 billion in the offering, however. the founders each sold about $50 million of stock. >>> shares of facebook under pressure this morning as dom mentioned. the social media giant beating the street in the latest quarter. warning investors that revenue growth is expected to slow significantly. we will talk to an analyst to whoever report on facebook. >>> and uber is selling its stake in the company with softbank all to cover the losses in the didi >> always big at p

are watching "worldwide exc exchange" here on cnbc >>> good morning tgif i'm dominic chu in for brian sullivan today quick check on the friday morning money. we are seeing stock futures showing very, very modest stability here you see the dow implied higher by 37 points at opening bell s&p higher by 3 points and nasdaq up by 5 the under performer yesterday. the dow is the only index still positive for the week and also on pace for the four-week winning streak nasdaq is about to snap an eight-week winning streak of its own. >>> breaking news from china regulators step up the investigation into regional ride hailing giant didi global. we have arjun kharpal joining us from beijing this is the next step to rein in the tech giants. >> reporter: absolutely, dom the timeline is days after the massive ipo. regulators opened a cybersecurity into the company they asked to pull the app from download they told didi they could not sign up new users. now seven regulators have raided the offices of didi and conducting it here including the top regulator and anti-trust regulator it is unclear how this review

watching "worldwide exchange" here on cnbc >>> good morning happy friday i'm dominic chu in for brian sullivan today here is how your money and global markets are setting up. futures are stable the dow implied higher by 120 points s&p by 18. the nasdaq higher by 71. the major indices are extending their win streak to three. they did so yesterday with technology stocks and nasdaq leading that charge. all three averages, by the way, on pace to wrap up the week in the green despite monday's sharp sell off posting the fourth positive week of the last five we want to check what is happening with the bond market right now. treasury yields facing pressure thursday after jobless claims higher than expected yields are going higher. benchmark 10-year note 1.29% 2-year treasury note is o.202%. >>> and technology companies in china and looking at the early trade in europe. higher across the board. green across the screen. gains led at this stage here equ equally between cac and france and german dax and everything else up .50% >>> let's get to other top stories this morning bertha coombs is here with thos

i'm brian sullivan thanks for starting your week with us here on "worldwide exchange." i normallysay happy monday why not? it is monday it is looking like a rough one for your money and investments to start the week. dow futures are down big off 360 points right now taking a turn lower in the last 15 minutes check the dow futures on cnbc.com 30 minutes ago, down a tick not much suddenly we are seeing a big drop off not exactly. to be blunt, not sure why we are seeing the turn down we are certainly going to talk about it as the morning goes on. stocks coming off the first negative week in a month nasdaq with the worst week since may. inflation fears rearing again and around data and lockdown and covid concerns with the variants we will find out what it means it is moving bonds as well as stocks go down, the yield on the 10-year continues to drop as well 10-year yield at 1.26% i guess if you want to find silver lining, good news for any of you out there trying to find a mortgage rates should see softening as that yield has come down >>> it is not just stocks and futures h

brian sullivan joins us now. what do you think has led to this turnaround? >> frank, on monday, who knew what what a wild week this was on wall street. friday was a weak day. monday we came in and, wow, the market sold off, as you noted, down nearly 1,000 points it looked grim there was a lot of concerns. you just had all those stories, but then i think the market came back in part, frank, people realized, as serious as the variant is, as concerning as the spread is, and the higher number of cases, the correspondents that every just talked about is the idea that move bross-based lockdowns will not happen. there might be smaller ones here or there, we saw the mask mandates, but from an economic perspectives, investors said, okay, a lot of worries, we need to get it under control, but when they look out, an economy is, for the most part very strong there's also the prospects of trillions more on spending on like the infrastructure and catch bills in congress. you have trillions of cash around the world, so all that cash, potential more trillions, the market, o

i'm brian sullivan thanks for joining us. trust me today's rbi you have to hear it may shock and amaze you it did us. >>> all that ahead right now, to the markets and your money futures are higher right now across all three major averages. not a lot. dow up 69. nasdaq up 16 they are in the green. now check this out even after monday's big drop, remember that? down almost 1,000 at one point delta concerns and economy going to shutdown. everything is terrible we are now actually positive for the week we on the show talked about it monday and tuesday the wall covid variants grabbing the headlines. that was not the reason for the drop options and voluatility markets gone wrong that may seem why we have bounced back strong although nothing has changed with delta or lambda or the next variant may be in the world. and lower yields can bring buyers back into stocks. right now, the 10-year yield is still low. 1.3% likely not what anyone out there, minus a few, may have expected all right. let's go around the world in the asia markets

senior national correspondent, brian sullivan joins us now. brian, i know you always have your finger on the pulse of the markets, what do you think has led to this turn around? >> frank, i try, by the way. but on monday, who knew what a wild week this was on wall street friday was a weak day. monday we came in and, wow, the market sold off, as you noted, down nearly 1,000 points it looked grim there was a lot of concerns. about the delta variant. you guys just had all those stories. but then i think the market came back in part, frank, people realized, as serious as the variant is, as concerning as the spread is, and the higher number of cases, the correspondents that everybody just talked about, that the idea that more broad-based economic lockdowns are not going to happen. there might be smaller ones here or there, we saw the mask mandates, but from an economic perspectives, investors said, okay, a lot of worries, we need to get it under control, but when they look out, they see an economy that is, for the most part, very strong. there's als

you flip it because you have a nasty headline, and i think that's what we have today. >> brian sullivan, thank you. >> thank you. >>> the dow is down 945 points or so, as we speak -- excuse me, 845 points for more on the sell-off, allianz's mohamed el-erian it's gone to about 15 to 1 is this technical in nature? positioning? or do you see this as serious concerns and a rethink of the economy? >> hi, sara. thank you for having me. i think as you heard mike and brian say, it's two things coming together. concerns about global economic growth, and a couple factors fueling that more you donnell want to sell something that's down already, and you createthis cajun in markets. we've seen it each and over again. it is technical, but it's a fundamental drive as well. >> they have, and nowhere are they good for equity markets like they were for a long time if you want to understand the level of the ten-year, you have to talk about certain technical elements we are seeing a lot more managers try to immunize their liabilities. why? because their stock side has gone up a lot. they're not so commerci

watching "worldwide exchange" right here on cnbc >>> and good morning i am frank holland in for brian sullivan here's how stock futures are looking as we kick off this wednesday morning. the dow pretty much flat down very slightly the s&p 500 and the nasdaq both up fractionally. stocks coming off their first down day in six with tech and nasdaq really getting hit the hardest. the nasdaq coming off a 1.2% decline. this as the fed prepares to issue its latest policy decision at 2 p.m. today. no announcement in terms of a rate hike. focus is on talk of a potential taper. the fed may have to take a back seat earnings continues to roll on. results from apple, alphabet and microsoft after the close yesterday. those results at least giving the impression demand for digital services and gadgets is showing no signs of slowing down the three tech giants raking in a combined after tech profit $59.8 billion. we turn our attention over to the early trade in europe. our juliana tattlebaum is standing by. >> european equities off to a strong start this comes after losses yesterday. the main benchmark dropped

with your cnbc's morning business report, i am brian sullivan. >> we are going! >> much more ahead here, 4:42 right now. lawmakers in texas fleeing their state, how the democratic move blocks new voting registration. kari? >> as you are heading out the door in the tri-valley, we are nice and cool, a beautiful day so make some plans to get outside. we'll talk about the wide temperatures we have coming up in a few minutes. >> i like the look at this. the bay bridge, getting out of san francisco, clear as you are heading into the eastbound deck. we'll see how things are shifting off the drive. >>> who the fbi is now searching for in the bay area? up here, success depends on the choices you make. but i know i've got this. and when it comes to controlling his type 2 diabetes, my dad's got this, too. with the right choices, you have it in you to control your a1c and once-weekly trulicity may help. most people taking trulicity reached an a1c under 7%. and it starts lowering blood sugar from the first dose, by helping your body release the insulin it's already making. tr

with your cnbc morning business report, i'm brian sullivan. >> get the flight jacket ready. let's go on over to kari and check the forecast for this monday. >> i'm so ready for cooler temperatures. heading out the door in dublin. we have some mid-50s to start. cloudy skies and a lot of sunshine as we head to the 80s. we'll talk about our microclimates. >>> folks, relax for the drive north 101 through palo alto. you will find some road crews still but nothing major. no closures. >>> plus, another heartbreaking weekend in surfside, florida. more victims discovered where that condo collapsed. new information we're learning about efforts to remove debris from that site. >>> and good morning. taking a live look at the bay bridge. you see quite a few cars on the road. mike, you're going to be busy this morning. >> i counted all of them. >> one, two, three -- >> yep. >>> monday morning, time to get a look at the forecast for you. meteorologist kari hall has a look. certainly some warmer temperatures today. >>> yes. we're going to see some warm areas. we can see the fog, the drizzle

i'm brian sullivan in for melissa tonight. let's get right to it, everybody. apparently all of the economic and covid variant variants have vanished today it was a nice friday to end the week take the family to sizzler because all three major indexes are setting records at the close. the dow jumped nearly 450 points that move was enough to push it positive all of this coming as bond yields broke an eight-day losing streak so dan, we'll start with you, was yesterday just a money flow related anomaly? or maybe today was the od day in and out a overall down trend >> i think it had a lot to do with that reversal and bond yields i know a lot of stock investors were keeping a close eye on that yield. it was a heck of a call when it was near the high. it seems like the whole investment community was playing for higher yields and it didn't happen, but the stoke didn't really seem to air usually you think that is good scenario, but it was really just a referendum on future growth expectations. that was the level that skarter had been looking for in a lot of other strat

i'm brian sullivan in for melissa lee. here's what's ahead. >> burning season begins next week with venerable institutions that could foretell the fate of our economy but they aren't the banks you may be thinking of carter worth explains. >>> with the summer travel season officially under way but a covid variant gaining steam, tony is assessing the best of the airline industry >>> plus, hold your hedges professor ko explains why you should keep your hedges on, but perhaps more importantly, how not to get caught up in an overleveraged thorn bush it's time to risk less and make more "options action" starts right now. >> good friday evening or good friday afternoon if you are scorching out west let's get right now to it on "options action" because some expect earnings this quarter to be red hot as well while we love to focus on all the big names here on cnbc, the names you know, carter says there is one under the radar name that may be as good a tell as any and it is not a name you would normally think of. chart master carter

>>> and hello there, "options action" fans i'm brian sullivan melissa has a night off and we have a big show on tap for you on this friday here is what is coming up. >> ready, set, report. we're about to kick off the busiest week of earnings season. chart master carter worth has your set up with the five biggest stocks on deck with results. plus -- nap, soaring on the back of a big beat and that is tony pinning his hopes on another social media stock breaking out on earnings. and later, forget ford versus ferrari. mike khouw is plugging into a car race, the one name he's betting on to take the checkered flag it is time to risk less and make more "options action" starts right now. >>> it seems like a big show, right. it certainly is. let's kick things off. because look at that a multi-trillion dollars countdown. some of the names that are reporting next week are earnings in fact, check this the five biggest companies in the entire market on deck to report next week and some of the stocks sitting at all-time highs an the chart master said these heavy hitters could test this record rally c

become an agent of innovation with invesco qqq >>> and hello there, "options action" fans i'm brian sullivannd we have a big show on tap for you on this friday here is what is coming up. >> ready, set, report. we're about to kick off the busiest week of earnings season. chart master carter worth has your set up with the five biggest stocks on deck with results. plus -- nap, soaring on the back of a big beat and that is tony pinning his hope

corporations. >> kristina, thank you brian sullivan, what should we be watching for here >> reporter:s will matter, but not as much as this, capital spending plans if they booth those spending plans, it will entice the entire sector also, oil output, and price tarts are above where the stocks are. do they downgrade the name by the way, i am out west, because tomorrow on "the exchanges" we're going to have a long form exclusive with the ceo, and we're going to talk about the occurrence state of oil and gas the electrification of america, 1:05 p.m. eastern time we'll hit them nice and early, about 4 a.m. pacific time. >> noose shot there, brian thank you. >>> basketball star keyry irving blasting his longtime sponsor, the nets guard taking to social media yesterday to say he had nothing to do with the designer marketing for the keyry 8s he goes on to say, in hi opinion, they are, quote, trash. this is a big deal his signature shoe line is the top-selling basketball sneaker for nike he sells more than lebron james, in part because he's younger his shoes have a more accessible price point

let's bring in brian sullivan now for more hi, brian. >>> ty, i have a question for you. i have good news and bad news for you, which one do you take first? >> bad news. >> you take the bad news all right. tyler is not there, i'll give you the bad news first the bad news is looks like no decision now lots of reports about the opec meeting being adjourned, maybe not delayed. it's late there. it's 9:00 p.m. in riyadh it's a virtual meeting the saudis are in the kingdom of saudi arabia the uae in abu dhabi and dubai it is late there it looks like it will be postponed until tomorrow so we get to do this all over again. now here is what we know about what the discussions are okay, oiler, as tyler said, is higher that opec meeting is dragging on in fact, it looks like we may not even be close to a decision yet. what is being discussed? well, numerous sources i have. numerous sources others have we're talking about some kind of a cut. call it 400,000 to 500,000 barrels a day -- i'm doing this because it was the wrong graphic. that's what happens in live television, folks. 400,00

i'm brian sullivan hope you had a great fourth of july happy birthday, america. let's get to the markets and your money stock futures are up, i guess. dow is in the green. nasdaq down a couple of points let's talk that flat whatever the futures are doing, we are starting the week off from strength. s&p, nasdaq and nasdaq 100 trading at highs as far as sectors go, technology has been hot consumer discretionary is hot. health care remaining in record territory. there is no change in bond yields we show you these because of this oil, we'll get to in a moment. it is likely bond yields could come down. we are seeing the 10-year at 1.43%. all of this ahead of the economic data. the ism services number out today. the jobless jolt number is better than the jobless claims number at 10:00 a.m job labor and turnover survey. 10:00 tomorrow how many open jobs in america. millions as many as 8 million we are seeing changes in the job market the states with unemployment benefits we will see if that narrows the gap in the open jobs jobless claims on thursday and wholesale trade

wall street today and this as opec reportedly finally reached a deal on oil production levels brian sullivaneportedly there is no formal opec deal what opec meeting? the one from more than a week ago remember if where it was supposed to be aceasy one-day meeting, increase 400,000 barrels a day. united emirates saying no we'll agree to that but we want to change their baseline, lower production number where the quotas are based the meeting got scuttled and markets have been nervous that opec may blow up but here is the odd thing, guys. the reports are that there is a deal a couple fine tune things got a workout. you'll add 400,000 barrels to the market which is not a lot, considering supplies and demand are going down by millions so you think the market would stay calm but the reality is, they're worried about covid variants, worried about future demand as well we may get an opec deal but it's not done yet we may have 400,000 barrels a day but demand could fall faster than that, stocks down today, oil the worst performing sector with energy stocks as well >> brian sullivan, keep us posted on

are watching "worldwide exchange" here on cnbc it's monday, july 26th i'm frank holland in for brian sullivan the futures in red across the board. the dow looking like it could fall as much as 200 points in pre-market however. it is early. this is after all three indices wrapped at record highs after a stellar start. this week will be a busy one for investors with a blockbuster week with earnings big tech on the board. we kick off with tesla later today and later this week with result from apple, google, microsoft, facebook and amazon a number of other high profile companies reporting this week. including 3m, boeing, mcdonald's, ford, pfizer and our parent company of comcast. >>> the fed kicks on off the policy meeting tomorrow. no action is expected. any meeting of the decision to wind down the bond program to impact the markets let's look at where the bonds stand this morning the 10-year right at 1.24. we have to remember a month ago it was at 1.48 the yield on the 10-year a quick check on crypto. surging back up above 30,000 bitcoin up 11% amid the report that amazon could accept crypto as

i'm brian sullivan good tuesday morning let's get to the markets and your money after yesterday's big haircut. stock futures are posting a turn around right now not nearly to the level of the drop off yesterday dow futures up 226 all this after monday's steep selloff. dow fell 725 points. roughly 2% that is its worst daily performance since october 28th s&p and nasdaq shedding 1.5% and 1% respectively. context, always, is key. even after the drop, the s&p 500 is just about 3% below the record high it hit last week it is still up 13% year to date. something to remember. >>> in bonds, the 10-year yield continues to be the big story. down again right now 1.20%. remember, guggenheim's scott minerd with the call here on this show. looking very, very smart right now. we have to look at oil like everything else on monday, getting crushed. that selloff pushing prices to the lowest level in two months down multiple percent. oil stocks got hammered. right now, not much of a rebound. $66.50 s&p oil and gas etf was down 4% in yesterday's session cold comfort to those who invested in it a month ag

i'm brian sullivan we kickoff july. here is how it looks to start the second half of the year. hard to believe we're here already. wow. time is like that car. flying well, guess what futures are flying as well they are nicely higher dow futures up 130 nasdaq up 24 check out this, dare we say, random but interesting stat. the dow rose .60%. had it risen .1% more, it would have kept its monthly win streak going. it broke the win streak by .9% could not get one more buyer weekly jobless claims today. the market mover for oil is opec opec meeting today with russia and others where they can finally start to say they will be adding new oil to the market. we should know by 10:00 a.m. new york time. it could drag on later given it is virtual and it is opec. we will be covering that owepec decision here on cnbc. as soon as we know the production call, you will know as well. the expectation is for an add of 500,000 barrels per day starting in august. that is the early opec scuttle you never know what they do until they do it there is the set up around the world. lower session in asia. ko

we appreciate you giving us a rare look inside brian sullivan, thank you so much, sir. >> thanks.> still ahead, the other battleground in the u.s./china resource race is semi conductors while the u.s. is heavily reliant on foreign producers a new op-ed says the u.s. desperately needs american-made semis. that story ahead on "power lunch. you have the best pizza in town and the worst wait times. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire millions of vulnerable americans matstruggle to get reliableon. transportation to their medical appointments. that's why i started medhaul. citi launched the impact fund to invest in both women and entrepreneurs of color like me, so i can realize my vision and give everything i've got to my company, and my community. i got you. for the love of people. for the love of community. for the love of progress. citi. [swords clashing] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflamm

i'm brian sullivan thanks for joining us. here is a check on your money this morning the 39th record close high of the year 39 dow futures are mixed. dow down a couple ticks. nasdaq up 33 the same thing we had yesterday, by the way keep an eye on the dow with 35,000 in sight. could happen today you never know all this, perhaps, as the most important quarterly earnings in years hitting today. growth expectations are very high markets expecting a 65% jump from last year a check on oil delta variant lockdowns and concern growing in asia. it is not hitting oil. the battle of lower inventory is overcoming concerns about slowdowns. get this a 40% drop in domestic flying in china from april levels as regional outbreaks keeps people at home. australia dealing with more lockdowns. in global jet fuel drops, it is something to watch we are up nearing $75 once again on wti crude let's get a check on crypto. with the stock market up, crypto was the loser on monday. every major coin, coummodity down >>> more than on the markets in a moment

good afternoon or good evening and welcome from wherever in the world you may be watching i'm brian sullivans for watching us on "worldwide exchange. your money and market futures are mixed just like the trend we had yesterday. stocks, the s&p anyway, snapped a big streak the dow is down 5. nasdaq futures are up 53 the nasdaq and the nasdaq 100 posting all-time record highs at the close. by the way, we are watching tech again. now technology may be up as bond yields come down remember gouggguggenheim's scott miner's call very contrarian that yields on the 10-year would drop nobody agreed. that call looks like it is holding true right now as the 10-year ticking to its lowest level since late february. we were at that. oil with all of that going on, oil is a little bit higher in the mid to $73 a barrel range. tuesday morning the highest price in six years the world markets are goating that we have a by interview coming up in a few minutes you will hear from salmon and where opec stands right now. >>> there is news and headlines outside of oil including media moguls jetting into sun valley idah

hit an impasse on production limits when you mention opec, who do you think of i only think of brian sullivanry to live up to that lead-in, david appreciate it. oil is down right now. we'll get to that in a second and like i said earlier, talking to jim about it in the previous highs. part of this epic opec impasse opec was scheduled to meet again virtually yesterday and called it off after my sources told me saudi arabia and russia declared to participate in the call because they thought it wasn't going to amount to anything. what is going on is complicated and, of course, it goes beyond oil so here are some of the key headlines in addition to that nice graphic we made first, opec officially did have a deal to raise output by 400,000 barrels a day from august through december. that all but agreed upon before last thursday's planned one-day meeting. remember, opec cut production by millions of barrels during the height of the pandemic with each member country taking a share of their cuts well, those cuts are based on specific baseline levels, basically what can you produce we'll cut some off

oil market is closing today and prices pulled back after hitting multi-year highs let's go to brian sullivan who just spoke with the saudi oil minister and has more information for us brian? >> yeah, kelly, thanks very much oil closing down a bit on concern the current opec output deal could implode or opec itself could fracture. the market is nervous about the every nation for itself mentality again that hit last year when oil prices collapsed so very timely, i guess. about an hour ago i wrapped an interview with saudi oil minister it was a long interview, about 20 minutes long. part of it i asked him about any failure to get a new deal done or whether the current output cut deal itself, the one that's still in place, could fail setting off a price war like that last year he rejected that out of hand >> the very basic argument is that in march 2020, that agreement by the end of that month would have concluded so actually in march 6th we were trying to work out a new agreement. in this one, no, we still have a nine-month period. therefore, i have no qualms in my mind that i can speak now for

company ceo mike wirth will join brian sullivan interviewing him this afternoon.riant and what he's thinking t. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. competition beat us again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. it's got to be something workday. i think i got something. work... hey, rob, you're on mute. hello! hey, rob, there he is. workday. the finance, hr and planning system for a changing world. ♪ watch the olympic games on xfinity ♪ ♪ root for team usa and feel the energy ♪ ♪ 7000 plus hours of the olympics on display ♪ ♪ with xfinity you get every hour of every day ♪ ♪ different sports on different screens ♪ ♪ you can watch it anywhere ♪ ♪ and with the voice remote ♪ ♪ you never have to leave your chair ♪ show me team usa. ♪ all of this innovation could lead to some inspiration ♪ ♪ a

i'm brian sullivan thank you for joining us there is so much to do on this busy friday. let's start with breaking news the biden administration taking another big swing at big tech with a new executive order let's find out what's in it. ylan mui with details from washington ylan >> reporter: brian, the new executive order reining in big tech the administration will argue the companies are using dominant positions to lock out competitors and extract monopoly and exploiting your information. the chief economic adviser tells me he sees a direct link with increased consolidation and declines innovation. >> those platforms are right they have brought innovation to the economy and improved services they also created significant problems problems for users in terms of privacy and security problems for small businesses in entering markets >> reporter: now the executive order calls for greater scrutiny of tech mergers with the focus on serial mergers and impact on privacy and known as killer acquisitions of competitors. the white house is encouraging the ftc to crack on rules how

appreciate it >>> chevron and exxon reporting billions in earnings and strong revenue growth cnbc's brian sullivan >> we've seen really strong demand recovery over this year, and that really continues. it's a global phenomenon, stronger in some markets than in others the softness is in international air travel but domestic air travel within the united states, is back before prepandemic levels, the roads are full of cars demand has been very strong. >> he may be bullish but this month energy is the worst performing sector down 8%. how do you trade it? oil analyst at scotiabank. lots to break down here is the real question. are oil stocks a buy right now for you? >> yes we are bullish on the oil market we think that the group has been under owned by the investor. >> so you may be bullish but it seems a lot of other investors are not. i'm looking at the xes and the oih, both etfs down 3% following those very strong reports from chevron and exxon. did you see or hear something that would make other investors more bearish on oil? >> not really. i think the first time for most all the companies includin

the california desert to check on the only operational rare earth mine in all of america cnbc's brian sullivanss brian, a lot at stake there. >> reporter: there certainly is, shep we are here. you think about it, the u.s. used to lead the world in rare earths decades ago, then we lost the lead to china. now we realize just how critical the minerals are in the rocks behind me to make some of the most sophisticated military equipment in the world, which is why as you said some of the top scientists at the pentagon were boots on the ground literally in this mine yesterday invested nearly $10 million taxpayer in this facility to make sure we have the supply of these critical rare earth minerals what are these minerals? there's 17 of them and they're in these rocks they go into these magnets, magnets may be the new semiconductor that power everything from military equipment to teslas, wind turbines, even what makes your iphon iphone vibrate instead of ring doing this is a four-step process. you mine it, you have a bulldozer in the ground. we have that in the united states unfortunately right now, t

brian sullivan joins us.you always have your feng finger on the pulse of the market what do you think has led to the turn around? >> i try by the way. but monday, who knew what a wild week this was on wall street friday was a weak day. monday we came in and wow, the market sold off as you noted down nearly a thousand points. it looked grim there were a lot concerns about the delta variant. but then i think the market came back in part because people realized as serious as the variant is as concerning as the spread is and the higher number of case and the correspondents that everybody just talked about, the idea of broad-based lockdowns are not going to happen. there might be smaller ones here or there but from an economic perspective, investors said okay, a lot of worries we need to get this under control, but when they look out, they see an economy that is for the most part very strong. there's also the prospect of trillions more in spending on thing things like infrastructure and capital bills in congress.

then's-mylan -- blaming the price hike on a broken health care system during a disastrous interview with brian sullivanunderstand the outrage. somebody last night said people are outraged because it seems outrageous, that the american medical association has said this is basically the same product it was in 2009, and yet the price has gone up 400 fold. >> no one is more frustrated than me. >> but you are the one raising your prices. how can you be frustrated? amy: that was then-mylan ceo heather bresch, who went on to live saying the price of -- the profit of a two-pack of epipens is $100 when it was actually about $166, about 60% higher. that's because bresch cited a profit figure that included a 37.5% tax rate on the epipen, even though mylan paid a tax rate of just 7% that year. an analyst told the wall street journal that the $100 reported profit figure "has nothing to do with reality." i wanted to ask you, katherine eban, about this tennessee plant. this is where joe biden ways in. some people in washington think you mean joe manchin when you say president joe because of his power. what happened i

let's go to mountain pass, california, where our brian sullivan is camped out, focusing on a shortageand what we're doing about it hey, brian >> hey, carl yeah, you know, i want to make a point that is bigger than the mine behind us here. it goes to exactly what you guys have been nailing every day on "techcheck." and that is technologies and supply chain issues, okay. semiconductors you've been all over that. elon musk on the tesla conference call this morning warning about supply chains. now, these are not semiconductors the minerals grown here, they go into something that maybe are the next semiconductors, if you will and that is magnets. if you remember the movie the graduate, dustin hoffman, the dad comes over, benjamin, i got one word for you, plastics i think if that movie was remade today, they might say the word is magnets because anything you want, all the stuff you guys talk about, airpods, iphones, ipads, teslas, renewable nergy, wind turbines even dentures and mri machines and military applications, require very specific magnets. call them nio magnets or ndpr. you'll be h

. >>> tomorrow, brian sullivan will bring us the ceo of chevron.e wirth will discuss earnings, price outlook and so much more. we're back here in a moment. if your money is working toward the same goals, why keep it in different places? sofi is a one-stop shop for your finances designed to work better together. spend with sofi and get cash back rewards that automatically go toward your goals. like investing in stocks, etfs, and crypto. that's better together. or pay down your sofi debt sooner. that's better together. and that's how sofi is helping millions get their money right. ♪all by yourself.♪ you look a little lost. i can't find my hotel. oh. oh! ♪♪ this is not normal. no. ♪♪ so? ♪♪ right? go with us and find millions of flexible options, all in our app. expedia. it matters who you travel with. expedia. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. (sound of pe

something seems wildly miss priced or am i wildly off base >> hi, brian hi, everyone i met brian sullivan while i was hanging around the opec meeting. that is a great pleasure to meet there is a lot of things that are mispriced. the big headline is either the dollar is too strong or the oil price is too weak. that is overriding and secondly are the rates going low or higher, one would be inflation which would be negative for oil but if you think that rates must go higher, the dollar must get weaker, then you're going to be bullish oil. and then there is the second element that you are have been referencing which is the oil stocks and the commodity if it has opec in it, generalists don't want to know if you're dependent on a debate between mbz and the -- the absolute ruler of the uae and the crown prince of saudi, generalists american ooinvestor just throw their hands in the air because it is impossible to value that and that gives the stocks volatile and uncertain. and we've had multiple liquidation. i don't look your compares so much of the oih because as tim was saying, capital discipli

we will have a report from brian sullivan who is so good at 5:00. do you watch him >> of course, i do >> how do you do that at 5:00 a.m. all that energy. >> exactly imagine him at 2:00 p.m. >> we need to harness that energy >>> they could stop offering services in the cities with data protection law changes that is according to "the wall street journal" report after they could be held libel for the personal information online. users shared percensonal information of police officers so they can be harassed. the government has handled thousands of cases since then. >>> and the sing le largest ransomware attack on record. revil targeted kaseya. revil is demanding $70 million in bitcoin to decrypt the impacted devices it suggests it is willing to bargain. kaseya said 1,500 businesses have been impacted by the breach we will have more on the story throughout the morning we will talk to kyle handslovan this morning >> i like revil. if it were mission impossible, it would be r. evil. ethan hunt -- you know, i don't want to give tom or tell him how to do hi

crude which doubled in a year they will talk about adding more to the market and if so, how much brian sullivane will be a huge amount of oil added. this is going to be a little bit even in the face of the surging prices >> that's right, becky it is funny to think 500,000 barrels a day is a little bit. given surging prices and demand goes hand-in-hand. we have the opec meeting starting now the opec plus russia and others starting later on today. here are the themes as becky noted. 500,000 barrel a day increase starting in august that is what they are looking to do that's the expectation of goldman sachs. you heard that in wex earlier. what are they seeing from global demand you have covid the delta variant in latin america and lockdowns in australia. they are watching u.s. demand. we continue to soar. 2 million people a day ygetting on airplanes gasoline demand is key watch the estimates. in the past year, opec has done something it has never been able to do. that is under the leadership under salman that is the cheaters prevented to pump too much we are looking at you, iraq and nigeria. the co

kick around regarding the first half, dow up 12-7 for the year >> i thought it was interesting brian sullivan on "worldwide exchange" had an incredible chart. even though the market was up 15%, there are many years where it's been up much more, '43 it was up much more, '87 it was up much more in the first half. '87 i know didn't lead to the right conclusion what it said to me is don't think it's too high. it can go higher, and the makeup of how this got there, very exciting to me the industrials and that leapfrog pharmaceuticals off of covid, and then we had a tremendous run of the consumer and then faang gets in, and then it finished with the semiconductors david, and then oil of course was a theme throughout david, this was a market that had something for everyone >> okay. and will the second half similarly have something for everyone, or do you think you're going to need to be a bit more specific >> no, i don't think so. no >>in you think it's still kind a broader based in a way, kind of moving through, ultimately when we end the year, we're going to look back and see similar performance f