for technology that moves you forward, trust cdw amplified services >>> welcome back a quick check on down, i think, 224 at the lows but down 51 right now. nasdaq down 12 it would be the fifth for the blue chips let's flip over and take a quick check on bonds 1.34%. the 30 year 1.9% obviously that's muted as we head into the afternoon. oil is getting a bump. wti crude is almost back at $70 a barrel up about 2% right now and obviously keeping a close eye on natural gas this one after spiking so much to start the year, it's about doubled taking a bit of a breather today lumber is up 4%. copper is up 3.5%. >>> two video game stocks going in different directions, take two interactive lower. taking a little time out, delaying its new release of grand theft auto by four months. activision blizzard. kroger tracking for its worst day after reporting slipping gross margins. the company did report an earnings beat and raise its guidance other big grocers down, albertsons and prouts down dave and busters up to $54 partly why that stock is up 2.5% they say the company cash flow is good. and for m

for technology that moves you forward, trust cdw amplified services new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, ose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. . >>> welcome back to "squawk on the street." rick santelli here live at the cme hq in about a half a minute, we're going to be seeing the ultimate number, the august final for market services, pmi and composite pmi. we just came off of what was mostly a weak jobs report outside of several areas the one i focused on up 6/10 of 1% for average hourly earnings on a month over month basis. that data series was started in april of 2006. that very first month was up 6/10 since then there has been no reads that high until we reached covid. so today's number really historically is significant, and it may feed into that wage inflation spiral, which has pushed yields up from their initial response of moving lower. the numbers hitting the wires at 55.1 that's the services pmi,

you're late well, cdw amplified services experts will consult with you to design, orchestrate and managekly overcome any obstacle ... without all of this. oh, that is better. who's that? oh, if you want coffee, you gotta get past tantrum. you're in for a brewed awakening. for technology that moves you forward, trust cdw amplified services >>> turning to crypto, rallying with ethereum the highest level since may. joining us is chris, head of cumberland global. chris, good to have you here what's the read, first of all, on the strong outperformance in the last month or so of ethereum over bitcoin what seems to be driving it? >> what's most interesting to me for this rally is the fact that bitcoin dominance, the measure of bitcoin's market cap relative to the market cap for the rest of the crypto injury, has been this decline we are at 42 currently relative to highs earlier this year of about 70 and close to the all-time lows of 37. now, my take on this is we're seeing anincreased interest in other aspects of the crypto industry that represent a push in innovation in the smart contracts spa