. >> i'm jon ford with carl quintanilla. when it comes to your portfolio, should be buying now, paying later? the top picks in e-commerce and how to trade fintech and an executive shuffle at google. >>> what to make of apple's california streamin' event carl >> jon, interesting market day big moves for tech stocks this morning, google, microsoft, alphabet all down about a percent today on what is turning in to be an increasingly tough tape the names you need to add to your portfolio today maybe in just a moment but dow is down 234. we're going to start this morning with the ftc and the agency's continued pressure on big tech it is alleged hundreds of deals by the largest tech players have gone unchecked, apple, amazon, google, facebook and microsoft have made 819 unreported acquisitions, accused of using loopholes to duck merger reviews and anti trust scrutiny. facebook buying giphy, which lowered the value of its assets to the deal didn't need to be reviewed khan is calling for tougher enforcement of acquisitions which we f

i'm carl quintanilla with julia boorstin tech continues to see a rough september.everal cloud stocks are leading this morning's rebound it is no play day for facebook on capitol hill today. live updates as an executive testifies on the alleged toxicity of instagram. and later, you know john's not a surface-level kind of guy. we've we're live at microsoft headquarters talking about hardware and the supply chain. our feed, though, is going to begin with facebook this morning, sharing its own heavily annotated version of two internal research reports that try to downplay any mental harm that apps like instagram have had on teens and children. the journal has been publishing a series of articles that allege facebook knew of the negative impact on young people and especially young girls and unnerving language, including the phrase "leveraging play dates," which caused a bit of twitter beef last night between "the new york times" and the policy director. when facebook dropped its kids project. today the senate gets facebook's global head of safety and testimony happening

i'm carl quintanilla with jon fortt and julia boorstin today california day dreaming.a exactly did we learn from apple's highly anticipated product event? and microsoft announces that massive dividend hike. how that compares to its other big tech cares and how to play it later on, a major milestone for elon musk in spacex, morgan just saying live at the kennedy space center this hour. julia? >> let's start with apple. investors continue to digest its product announcements. the headliner, iphone 13 improved battery display a new ipad, faster processing speeds and ultrawide front-facing camera along the new range of apple fitness features with the apple watch series 7 no word on new mac books, airbods, new apple tv. investors seem to weigh how these products announcements could be playing out the stock is under pressure this morning, following announcements and again now down about .6% so, jon, how meaningful is it they did not hike prices on the iphones? >> i think really meaningful, julia. i think probably a lot of investors who maybe aren't zeroed in on the most impor

i'm carl quintanilla with jon fortt and julia boorstin coming up this hour strange comments out of instagramn the dangers of social media. it'll get an explanation of that backlash coming up plus, mark cuban wants to make crypto a little less anonymous his take on why regulation built around existing fraud laws makes sense. later on elon musk kisses up to china. morgan stanley's adam jonas weighs in on tesla's prospects jon? >>> we'll start with stocks on the nasdaq coming off its first up day in six still closing in on another record despite the recent weakness although all five faang names and microsoft in the red today dom chu taking a look at those stocks that have not followed the rest and are going the other way flirting with their 52-week lows >> jon, because not all of those technology stocks outside the real mega cap names have participated in the recent rally, at least in the last six months or so we wanted to take a look at some of the bottom feeding type stocks that have not participated but might still have upside potential. the reason why is if you look at the technology sector

i'm carl quintanilla with jon fortt and julia boorstin what a show. a huge hour coming up on "techcheck" today, the latest on microsoft's dive into hybrid work, and exclusive interview with ceo satya nadella, alongside linkedin ceo ryan roslansky. then hear from verizon's hans vestberg and the commissioner of the nfl roger goodell as a new football season gets under way tonight and that's not all we also have the ceo of work from home winner logitech as the company looks to go carbon neutral by 2030, a big hour ahead. don't go anywhere. jon? >> we'll start with microsoft, focusing on demand for hybrid work with a slew of new features announced today for office and link linkedin ai camera driven software, outlook rsv details and power point feature allowing users to layer teams video into the experience for live presentations. and microsoft's linklinkedin is leaning in, to find out whether a role is in person, remote, or hybrid while microsoft itself is giving up trying to predict exactly when its workers will be back in offices, but i started by askin

i'm carl quintanilla with morgan brenner and david faber.ury secretary yellen will testify before house financial services committee we're taking you there live as soon as q&a begins dumping up once again at 4380 down a touch from the opening highs as we close out september and q3 >> we're 30 minutes into the trading session. here are three of the big movers carmax the nation's biggest used car retailer topping revenue projections, missing on earnings estimates. preowned car sales rising 6.2%, less than 7.3% expected. shares down about 10% right now. shares of bed, bath & beyond plunging as well after the retailers results missed on the top and bottom lines and also cutting its forecast citing supply chain problems and higher costs. shares are down 25% right now. but we're going to end with a name in the green, virgin galactic surging after the faa cleared the space tourism company to return to flight after completing a mishap investigation into the july mission that carried richard branson that veered out of designated air space less than t

i'm carl quintanilla with mike santoli live at post 9 of the new york stock exchange.space center following spacex's historic flight. david faber has the morning often. retail sales above expectations but the markets having a tough time repeating the best day of the month yesterday. dow's down 95. business inventories are out rick santelli's got that hey, rick. >> yes, inventories are a very important aspect of trading these days we are all monitoring some of the low inventories, especially in front of holiday season so the july business inventories coming in as expected, up half of 1% is a solid number. if we look at the entire year, it really has been all positive numbers, the smallest was in april up 0.10 of 1% as we try to replenish various parts of the pipeline of inventories. last month up 0.8 to 0.9 another thing up today, interest rates and energy prices. we want to pay close attention 1.34% on a ten-year, the area to monitor around 1.37 to 1.39% that zone is considered the best resistance, which means should we get above that area, maybe look for hotter intere

i'm carl quintanilla with morgan brennan and david faber live at post nine. hawkish fed, past some of the evergrande headlines the s&p back above the 50-day moving average. >> what a week so far. we are 30 minutes into the trading session. here are the three movers we're watching darden, one of the biggest gainers on the s&p 500, after strong first quarter results, the company raising its 2022 outlook. see the shares are up more than 8% restaurant tech company toast is in the red after popping more than 50% in its debut yesterday here at the stock exchange it is down about 3.5%, above the $40 ipo price. finally, watch delta douwngraded to hold. it's not hurting the stock della airplanes up 1.5%. we will discuss the travel landscape with expedia ceo peter kern later this hour >> all right turning to the fed as well, indicating that rate hike could be coming perhaps sooner than some expected. steve liesman has a recap for us nothing gets by him. whatever was said was expected by you, steve. >> i think that's right, david carl called it hawkish and i don't want

i'm carl quintanilla with jim cramer david faber has the day off.e're watching bitcoin, fed-speak, a ten-year yield breaking out further our road map begins with china, evergrande, global investors still in limbo, and nike lower on the dow that crackdown, china is vowing to root out illegal activities, as they call it, and ban cryptomining nationwide. the cdc clearing the way for mill years of americans to get the third covid vaccine shot jim was talking with the squawk gang about crypto. they are clearly of the view that transactions in crypto are illegal. >> yeah, i think a lot of the people who are backers of crypto will always be backers of crypto they remind me of fans you can tell me that the philadelphia eagles, they're great, that's what they do, and i don't mean this facetiously. people were saying this is good news for crypto. it is not. what the chinese want to know is where the money is they want crypto open. they don't want anyplace -- remember what xi is saying, data is everything. the data is hidden for crypto, and he's ending that so

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange, dow futures a bit soft, but still on pace for the first positive week in three. we're going to get index rebalancing, look for some heavy balancing as e head into the last official week of summer covid, boosters and the economic recovery the fda meets to debate allowing additional jabs to the general public >> plus, regulating crypto, why investor mark cuban doesn't think it would necessarily be a bad thing. >> and watching the evs once again today, shares of lucid are up again ford ramps up lightning production, and tesla's ealon musk praising automakers >> people are buzzing here about it they're saying that it seems to focus more on it and so then i try to pin people down and have a lot of friends here, and they said just focus on we actually don't know, now today is supposed to be -- today is the beginning of a period during the last 20 years that we've been down i don't know whether that means this week. becky and i were talking about, a lot of people were trying to anticipate it was down people think

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. in a few moments, s.e.c. chair gary gensler is with us to discuss everything from crypto regulation to china to spacs to gamification and payment for order flow lots to get to with the chair. in the meantime, futures steady. china weakness is again on the radar. nice upside surprise from empire today at nearly twice the estimate, david. >> carl, yeah, we do have a special show for our viewers today as we will devote our first half hour with s.e.c. chair gary gensler this follows his testimony before the senate banking committee yesterday. we have so many important issues to cover with the s.e.c. chair we're going to hope to move through sort of some of the following regulatory topics, crypto, robinhood, specifically, payment for order flow, the spac market china, of course concerns there as well or here over the vie structure that's used by so many u.s. listed chinese companies. want to get to the fallout from the meltdown of archegos, also esg. you can tell lots to do. with that let'

i'm carl quintanilla with jim fa cramer got nor cautionary notes from the sell side on commodity inflation, tax policy risk and now 3m warning about q 3 inflation running hot. our road map begins with the risks for equities stocks are set to rally. goldman says tax reform not reduced economic growth is the key risk for investors p >> kansas city southern says it will terminate its merger agreement with canadian national it's giving it five business days to come back with a better bid than canadian pacific's currently favored deal. >>> beijing looking to bring up allie pay, china's most popular payments app that 3m news rolled in about a half an hour ago they cut their auto production targets as it's running even hotter than they thought. >> they were looking for 3, which sent the stock down. when you see down at the beginning of the year, remember, we're in that period where we're really looking at 2022 there's a chart for you. you just don't have any incentive to buy david, i find there are a lot of stocks like 3m that are looking down at the opening. the overall futures indicate that thi

i'm carl quintanilla with jon fortt and julia boorstin what a show.rid work, and exclusive interview with ceo satya nadella, alongside linkedin ceo ryan roslansky. then hea

. >>> resetting here near the bottom of the hour i'm carl quintanilla with julia boorstin nasdaq looking two up days in a row update with rachel >> strong quarterly results pet food sales and baking products >>> existing home sales fell 2% during august and posted the first year over year decline of 2021 supplies of homes remains tight and driving the median sales price above $356,000 >>> ahead of today's fed meeting a warning from the head of jpmorgan chase ja jamie dimon saying forced into policy moves if inflation doesn't ease >> obviously, inflation is so high that the fed has to do more traditionally and then you can see a huge reaction. i'm not predicting that, but possible they have to do that some time next year. remember, the fed can't always be proactive i mean, sometimes they're going to have to be reactive >> you are now up to date. julia, i'll send it back to you. >> thanks, rahel >>> out with news on a crypto wallet feature kate rooney is live with chief product officer. kate >> hey, julia, that's right, robinhood launching crypto currency thank you so much for being here >

i'm carl quintanilla with deidre bosa and john fortt.get a news update with rahel solomon >> good morning. here's what's happening. pending home sales surging al 8.7% rose for the first time despite rising prices and tight supplies of available homes >>> united airlines starting termination procedures for nearly 600 employees for defying the covid vaccination mandate. 1,000 are seeking medical or religious exemption. earlier on "squawk on the street" ceo scott kirby said other companies should expect similar levels of support for vaccine mandates >> i think our experience is representative with what every company will have if you just do it and say here is the rule and the guideline and the date, stick to it and everybody will get to around 9% >>> shares of dollar tree are surging about 15%. best one-day gain in nearly 21 years. the discount retailer surging after adding to its stock buy back program dollar tree hit a 15-month low on friday. quite a difference a few days make, john >> let's get an update from the nasdaq josh lipton is th

we are resetting here bottom of the hour i'm carl quintanilla with jon fortt and julia boorstin underperformingnd s&p today, coming up, why wall street continues to get more on netflix and another analyst upping its target. >>> first a news update with rahel solomon. >> what's happening at this hour u.s. job openings setting another recordin july with employers looking to fill 10.9 million open positions labor department also says actual hiring fell slightly, while layoffs and number of people quitting inched up. >>> treasury secretary janet yellen saying the extraordinary measures used to keep paying government bills run out next month. somewhat earlier than previous estimates of this fall yellen urging congressional leaders to suspend or raise the borrowing limit as soon as possible. >>> and shares popped more than 70%. the french drugmaker sanofi in a deal worth $1.9 million. >>> and macy's day parade, crowds cheering on the balloons. details wheres to watch and how many allowed to watch and the guidelines in effect announced in november. broadcast and on nbc and owned by comcast nice to see

we're resetting at the bottom of the hour i'm carl quintanilla with julia boorstin and jon fortt a breakdownple and epic's battle royal first, a news update with rahel solomon. >> good morning. good morning, everyone house democrats are detailing the tax hikes that they're proposing to help pay for their $3.5 trillion social safety net and climate policy plan. it calls for a top corporate tax rate of 26.5% and a top individual tax rate of 39.6% they also want a 3% surcharge on individual income above $5 million. and a capital gains tax of 25% >>> opec is forecasting that for all of next year global demand for oil will actually top prepandemic levels crude futures are up around 1% in u.s. trading topping $70 a barrel >>> and dick's sporting goods is expecting a strong holiday season it plans to hire up to 10,000 seasonal workers, 1,000 mores than last year shares are down today but up more than 130% this year back to you, jon >> good luck to them findi ing 10,000 workers it is competitive out there. tencent music getting a downgrade to hold by wolf research amidst the ongoing china wreckage p

. >>> welcome back to "techcheck" i'm carl quintanilla with jon forth and julia bornstein.a news update with rahel solomon. hi, rahel. >> good morning. here is what's happening at this hour draftkings is reportedly making a $20 billion offer to buy entain sports betting company sources tell cnbc the offer is mostly draftkings stock shares are up about 20% on the news draftkings is down about 7%. >>> jp morgan chase adding another fintech acquisition. cnbc also learning the bank ut bought college planning platform frank. no size of the deal. frank served more than 5 million students since it was launched in 2017. >>> home construction rebounding in august. 3.9% increase was better than expected and follows decline in july although the rise was driven by a jump in apartments being built. singly family construction continued to fall. >>> and here is another reason to start your holiday shopping a little early record backlogs of container ships waiting to unload continue to grow. 72 ships in line to dock at the ports of long beach and los angeles and some carriers are canceling

welcome to "tech check" i'm carl quintanilla with john fortt. all related activities illegal it's hitting coinbase and robinhood, as well. >>> plus iphone 13 models hit the shelves today, but you may have to wait a while to get your hands on one a deeper dive on apple demand. >>> and then one software name soaring. why an analyst says it's a must own for growth investors, john >> we will start with stocks lower today. a selloff to start the week, a rally followed mike santolli is putting this week's volatility into perspective for us mike. >> yeah, john, pretty much a round trip for the s&p 500 from last week's close but a lot of movement under the surface the breakout higher in treasury yields might be one of the more significant ones and kind of says a lot about style rotation, things like that take a look at the year to date chart of the nasdaq 100 etf along with the s&p 500 value a lot of contrast here right here where the nasdaq 100 was really suffering into that early march, that's when ten-year yields were racing above 1.7. that was the h

i'm jon fortt with carl quintanilla and julia boorstin today, the interview, our exclusive sit-down with andy jassy. the challenges, pressures and future for amazon on almost every topic you can think of and how he's approaching them as the new chief executive takes the reins from jeff bezos, carl. >> jon, we can't wait for it moments away we did open with a gain on the dow, triple digits, 120 or so. lost it and now down 200 despite the cooler than expected cpi number which did give futures a bit of a bounce. we got the apple event in a couple of hours and we continue to monitor garyies ay gensler oe hill. >> the perception of amazon as a monopoly and a persistent question about the structure of aws. okay, andy jassy here we are again. and now you're not the ceo of aws. you're the ceo of amazon congratulations. and so is it any more likely than it's been the previous five or six times i've asked that you think it is a good idea to spin out aws from amazon? >> i knew you'd ask that question every year you ask that question i don't think it is any more likely no, i think all the same thing

i'm david faber along with jim cramer, we live, and carl quintanilla is live at the conference trading begins 30 minutes from now. you can see an up open, at least thus far certain the worse days since may. >> tesla's ceo says the stock price is too high. we'll have the highlights from code where elon musk targeted tax avoidance criticism. >>> hundreds of airlines employees face termination for failure to comply with the vaccine mandate. we'll be joined by ceo scott kirby in a few moments >> he was subdued. i want the boisterous. >>> we have. >> we talked a lot about tech and the move upwards in rates, so to speak anything change to for you? >> natural gas may be peak ing that and the incendiary comments from senator warren? >> i thought that was over-the-top, and i'm the king of over the top. >> we might as well listen it was during the hearings yesterday, but hear what she had to say about powell. >> over and over, you have acted to make our banking system less safe that makes you a dangerous man to head up the fed that's why i will oppose your nomination. >> many people are scratchi

i'm carl quintanilla with morgan brennan and david faber live at post nine.it here dow up pretty well, up 220 the s&p negative nasdaq, too, as we are getting the impact of some higher yields on some technology names. >> we're 30 minutes into the trading session. here are three of the big movers we're watching this morning. occidental petroleum higher this morning, one of the top gainers as brent crude hits its highest level since 2018 best buy shares are seeing green after being named a top idea of piper sandler. you can see those shares up 4.5% keep an eye as carl mentioned on treasuries the 10-year yield topping briefly 1.5% this morning. it's back at 1.477 that's as investors continue to weigh inflation fears, potential government shutdown this week, the two-year and five-year at highs we have not seen since early 2020 >> we're going to turn back to the markets starting off mixed as we close out the month and the quarter this week. let's bring in bob doll, cross market global investment officer. always good to check in with you. good monday morning. >> you

i'm carl quintanilla at the new york stock exchange. jim cramer and david faber have the morning off. futures steady, the market reflects on friday's weaker than expected jobs number and goldman cutting g3 estimates see spending in "hard earned path. ten-year 137 a begin with delta risk for investors. goldman downgrading outlook second time in a month and morgan stanley. >> plus a big bet buying $21 million of the cryptocurrency bitcoin as the country becomes first to accept it as legal tender. >> chips crunch. fearing global shortage to we are sift for some time. >> mentioned goldman note. talking q3 gdp 35. about a month ago, maybe six months ago saw 85. now 35 as delta in his words, taken a bigger notch out of consumer spending than they thought t. has, and the economic surprise numbers have been negative for a couple of weeks now. so you've had data falling short of forecasts steadily. atlanta fed, gdp now, realtime estimate of gdp actually got below 4% last week so i think this is a lot of the formal forecast kind of converging in

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange. and core cpi, less than expected futures up on news and cpi data shows inflation less hot and that's than forecast in august. >> and making an emergency ios fix to close a spyware flaw and this as the company prepares to unveil that latest phone lineup later today. >> congressional democrats pushing ahead with new tax hike plans. plus aoc making the message clear last night at the met gail la we'll dive into cpi to start the morning. year on year, 53 in line 4 core a little light. used cars down. >> finally. >> the mannheim index, david, i tell you over and giver again. something you have to follow-up a slight dip of course, we don't have anything other than saying there's a possibility. victor to be an end to have chip shortage to a certain point. i am not finding that to be the case much as i find it being beleaguering outside wholesalers. the cpi number, david, people saying find something that's not hot? it flies in the face of the bearish narrative, and i don't have any answer fo

i'm carl quintanilla with jim cramer, david faber back together at the new york stock exchange premarket is a little soft as the numb of sell side firms can under thing their u.s. equity outlook now grows to nearly half a dozen. meantime, more firms cutting q3 guidance on supply chain kbie dance. our road map begins with coinbase versus the s.e.c. faf facing legal action, coinbase accusing the regulator of, quote, sketchy behavior and of making a land grab. >> plus, car wars, ford poaches the head of apple's top secret car project and a former tesla executive. >>> and betting on payments, jpm and paypal announcing some new deals in that space. we'll get to it. first, jim, great to have you back after a long absence. >> thank you so much. >> i know you were talking about the sell side desks that were cutting their targets for the end of this year or next year. >> bank of america is probably the most threatening this may not end now but when it ends it could end badly. when i read that what it does is basically says september has been weak historically not a good month at all. october has

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. stocks do look to steady after a four-day loss, the longest in nearly three months amid the ongoing growth concerns related to the pandemic. more importantly, though, today is the 20th anniversary of the 9/11 attacks and all morning long we are going to honor the lives lost that day. we're going to remember the heroes who responded and reflect on the impact on the community, of course, and the nation. jim, the phrase is never forget, and we're going to work hard to make sure that we don't. >> yeah, i think that it's imperative upon people to remember that there's a whole generation now of young people don't know it. there's a fantastic museum, which shows you what the world was like the minute before and then after i don't know how to create a mass pilgrimage to that museum, but david, look, when you think about your kids, where were they when it happened the answer is -- >> they weren't on this planet. >> yeah. >> no, they were not but the memorial, of course, which we see quite ofte

i'm carl quintanilla with morgan brennan and david faber.ande rolling markets around the world as asia closed, hong kong down, the dow down 17. housing data this hour let's check in with diana olick. >> carl, builder sentiment rose 1 point to 76 on the national association of home builders wells fargo index. that's a slight beat and the first gain in three months the street was looking for unchanged. sentiment stood at 83 in september of last year and then set a record high of 90 last november it dropped off when lumber prices spiked and supply chain issues hampered construction price of lumber is down to quarter of its record high from last april and builders say delivery times remain extended and the chronic construction labor shortage is expected to persist. if the index is three components, current sales conditions rose to 82, buyer traffic increased to 61 and sales expectations in the next six months steady at 81. regionally on a three month average sentiment down everywhere except in the midwest, that, of course, is where housing is mo

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange, dow futures a bit softancing, look for some heavy balancing as e head into the last official week of summer covid, boosters and the economic recovery the fda meets to debate allowing

i'm carl quintanilla with jim cramer, david faber back together at the new york stock exchange premarket outlook now grows to nearly half a dozen. meantime, more firms cutting q3 guidance on supply chain kbie dance. our road map begins with coinbase

. >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanilla with mike santoliis at the kennedy space center where she witnessed that historic spacex flight. it's all about the ecodata today as retail sales come in with that surprisingly strong

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange.e threaten to extend the s&p's three-day losing streak. today it's the airlines joining the chorus of companies warning on q3. our road map begins with those covid headwinds. delta, american, united, jetblue

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. months amid the ongoing growth concerns related to the pandemic. more importantly, though, today is the 20th anniversary of the 9/11 attacks and all morning long we are going to honor the lives lost that day. we're going to remember the heroes who responded

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.fication and payment for order flow lots to get to with the chair. in the meantime, futures steady. china weakness is again on the radar. nice upside surprise from empire today at nearly twice the estimate, david. >> carl, yeah,

i'm david faber along with jim cramer, we live, and carl quintanilla is live at the conference trading

i'm carl quintanilla at the new york stock exchange.on friday's weaker than expected jobs number and goldman cutting g3 estimates see spending in "hard earned path. ten-year 137 a begin with delta risk for investors. goldman downgrading outlook

i'm carl quintanilla with jim fa cramer got nor cautionary notes from the sell side on commodity inflation. our road map begins with the risks for equities stocks are set to rally. goldman says tax reform not reduced economic growth is

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange. hot and that's than forecast in august. >> and

i'm carl quintanilla, along with david faber and jim cramer has the day off.ent shutdown

i'm carl quintanilla with jim cramer and david faber the dow is down just ten points from last friday'slly f

i'm carl quintanilla with jim cramer david faber has the day off.ande, global investors still in limbo, and nike lower on the dow