more about our study of top states at cnbc.com full rankings coming out on july 13th jon?inating the way in which remote work is affecting your top states list that's scott cohn. thanks. >>> when we come back, the ceo live from mesqretis ua in a moment >>> welcome back astra, an aerospace company, sending satellites, not people into space, is debuting on the nasdaq today the company is listing at a $2 billion valuation via spac and joining us now with our own morgan brennan is astra founder and ceo chris kemp chris, great to have you the business of space as we look into the future, fascinating because of the potential that we're seeing now in reusability and i guess frequency of launches, that is going to allow a different kind of economics. tell us first what astra adds to that. >> there is a trillion dollar space economy developing and hundreds of companies the past few years have been formed. many will join astra on public markets in the months ahead and trying to go to different places in space on different schedules. and having a small system where we can frequently

the piece by our own alex sherman on cnbc.com. in idaho the rest of the week, jon, with a big lineup you won't want to miss we'll bring that to our viewers. >> want to put meat on the bone where the media story is concerned, how the companies are going to bulk up in services and perhaps reflect on the tradeoff between arming the media over the top streamers versus seeing what they can do in theaters meanwhile, top gainers on the nasdaq, take a look at those amazon, docusign, zoom video as we wrap up here. work from home trade, still hot. central one up 9%. "halftime" starts now. >>> all right, jon thanks. >>> welcome to the "halftime report." i'm scott wapner big tech's rebound this several stocks hitting new highs as the dow touches a 400 point drop how key are the names to the rally which tom lee now says can be child support choppy. we'll sboo shannon skoshia josh brown pete najarian. great to see everybody beginning with tech, the nasdaq hitting a record high off the open today amazon microsoft, facebook, google new milestones

still time to sign up on cnbc.com/pro/talks 1 p.m.> now to another really smart guy named david who's also made some amazing calls over the past number of years. for him it's all about value, value, value, david katz from matrix asset advisers. i'll get you on the spot when do we get you on one of these 45-minute pro events rather than four minutes. >> give me a call. i love to do it. >> that's how it works david katz, we're going to give you a call this afternoon. in the meantime, let's talk now. i noticed a theme. they're all financials but they're not the names that people think of all the time, truist, bank of new york. >> the banking group started out very strong this year. they had wonderful capital returns. they raised the dividends across the board. a lot of share buy backs the stock has sold off based on interest rates coming low. we think that's a great opportunity to step in and build positions. there are a lot of good things going on great prices with great deals. we would be buying into the weakness in a significant way.

active of an ipo market as we saw yin the first half of the year. >> check out the news letter on cnbc.comarkets and trading day ahead and bring in the big man jeff kilburg ceo of kkm financial and cnbc contributor. resume almost as long as you are, my man. >> thanks, frank >> jeff, we have a little bit of time left in the show. you have a lot to say. the forecast is a volatile week on the markets dow futures are down above their lows from early this morning, the dow looking like it is 150 lower right now what do you see as the catalyst for the volatility that you forecast >> frank, i'm impressed where we are to start off the week. this is the biggest week of earnings one-third of the s&p apple and microsoft and amazon we are looking at lockheed martin and boeing. a great cross section to understand if you look at the rhetoric from china and the u.s. treasury notes, the 10-year go lower. 1.24 six basis points lower a ton of uncertainty starting the week you see the german boom as you look for the week, i have confidence we will see giant tech deliver i feel comfortable that the sector rota

for the rest of the list head to cnbc.com/pro kelly will get the full note and list back over to you. >> thank you very much, dom chu. >>> up next, could growing fears around the delta variant hurt travel stocks just as things were returning to normal plus if the travel stocks fall, what does that mean for leisure groups like casinos. vegas saw its best gaming revenue ever in may. he'll join us next to weigh in dr. arnold t petsworth 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. [swords clashing] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. >>> welcome back i'm rahel solomon. here is your cnbc news update at this hour. a hurricane warning has just been issued for a portion of florida's gulf coast by the national weather service elsa is now a tropic

i like the trade structure and the timing of it as well >> check out our website options axes at cnbc.com. >> moderna, now one of the big et est bioteches in the world plus, calling all options actions fans grab your phone and tweet us your question @optionsactions. we're carvana, the company who invented car vending machines and buying a car 100% online. now we've created a brand-new way for you to sell your car. whether it's a year old or a few years old. we wanna buy your car. so go to carvana and enter your license plate answer a few questions. and our techno wizardry calculates your car's value and gives you a real offer in seconds. when you're ready, we'll come to you, pay you on the spot and pick up your car, that's it. so ditch the old way of selling your car, and say hello to the new way at carvana. every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the fastest, most reliable network with nationwide 5g included. and you can get unlimited data for just 30 dollar

visit cnbc.co cnbc.com/disrupternewsletter we feature so many newsletters why not get in "mad money"coming up next -- >> let's make money together what do we got. >> announcer: cramer is bringing the thunder answering your burning questions in today's edition of "the lightning round. sofi is a one-stop shop for your finances designed to work better together. save, spend, borrow, invest, and earn cash back rewards, all in one app. that's how you get your money right with sofi. 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. ♪ ♪ ♪ aloha! isn't this a cozy little room? sorry your vacation request took so long to get approved, so you missed out on the suite special. but lucky for you, they had this. when employees are forced to wait for vacation request approvals,it can really cramp their style. i'm gonna leave you to it. um, just— with payco

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they initiate with a buy shares up about 2.6% today more on that call on cnbc.com.right back. stay with us [swords clashing] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. >>> a moment of extreme investor rub ris, i call up with two authors yesterday who were all over adam newman's rapid rise and dramatic down fall their new book "the c on ult of, have a listen. >> it seems eerily similar to then, the around we work time. it seemed like there were lessons for a brief time and it feels like the pendulum is much quicker than we would have expected sung back in swathiness sort of rick taking on the part of investors >> right and elliott, i remember reading your pieces so early on before the down fall. you were really on top of this do you see any parallels and what does that mean for sort of how we cover the venture capital world and hauall of thee start-ups coming up now? companies that are going to be r risky bets >> we had to re

have a question, tweet cramer #madtweets send jim an email to "mad money" tw money" @cnbc.com or call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. ♪ ♪ experience, hyper performance that takes you further. at the lexus golden opportunity sales event. get 0.9% apr financing on the all 2021 lexus hybrid models. experience amazing. ♪ get 0.9% apr financing on the all 2021 lexus hybrid models. someone once told me, that i should get used to people staring. so i did. it's okay, you can stare. when you're a two-time gold medalist, it comes with the territory. and there you have it - wireless on the fastest, most reliable network. wow! big deal! we get unlimited for just $30 bucks. i get that too and mine has 5g included. impressive. impressive is saving four hundred bucks a year. four bucks? that's tough to beat. relax people, my wireless is crushing it. okay, that's because you all have xfinity mobile. it's wireless so good, it keeps one upping itself. >>> when we stop freaking out about the bond market we can finally focus on what really matters here on "mad money," the earn

and by the way, after a decently long hiatus, this particular ticker on cnbc.com disappeared off ourow remade it into our most popular ticker search list on cnbc.com more attention, jon, coming back to the ark tech innovation a huge market for a while until sell-off mode, but now more attention. >> people love to chase. thank you, dom >>> the major indices rebounding as well this morning following the dow's 700 point drop yesterday. that was its worst day in almost a year worst day in a year full of good days chief investment officer ned favor joins us now ned, it seems to me we're at this moment, perhaps, of caution, caution hasn't been that popular in 2021 meme stocks have cooled off. the game stocks and amc are running nicely this morning. we have these covid delta variant fears as well. bitcoin is under 30,000. all the things people have been taking a player on. >> the reality markets, you're at an all time high or drawdown. there is no in between the funny part is the unfortunate reality is you spend most of your time in a drawdown. you got to get used to ed to the little wiggle

show on jeff bezos and the legacy at amazon and jassy takes over see more content like that online cnbc.com/tech check. let's get over to sully and "halftime report." >> dooerds, jon, julia thank you very much and welcome to the "halftime report" on a big jobs friday "i" brian in store for scott again. more americans going back to work and the growing economy has markets and your money at new records. money pouring back into a crucial area of the market, maybe moving out of another. so how does it balance out and are there more gains ahead for the markets in the money and a lot of topics to debate and discuss. we have the perfect investment committee today. shannon, courtney gibson, michael farr and jim leiben that will before we get to them here is a quick hit on where stocks are. at highs for the day the major averages for a second straight week of gains the s&p 500 hitting a record high and get this, aiming for a seventh straight day of gains. lucky seven. that would be the longest winning streak since back in august of last year, wow and the nasdaq hitting record highs. the dow at the h

sign up by visiting cnbc.com/disrupters. >>> and head of hbo max joins "techcheck" in a moment.e. keeping your oysters business growing has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo hey, it's good to see you. the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. cisco. the bridge to possible. millions of vulnerable americans struggle to get reliable 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. >>> bitcoin crossing 32,000 this morning. rebounding from earlier this week big losses as jack dorsey, cathie wood and elon

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but investors started to take positions in consumer names like nike head to cnbc.com/pro for more. >>er today half a percent despite earnings peak rng vinmt.hecomments about t eainenroen we're going to talk to the ceo phillip green next that takes you further. at the lexus golden opportunity sales event. get 0.9% apr financing on the all 2021 lexus hybrid models. experience amazing. ♪ when i was young ♪ no-no-no-no-no please please no. ♪ i never needed anyone. ♪ front desk. yes, hello... i'm so... please hold. ♪ those days are done. ♪ i got you. ♪ all by yourself. ♪ go with us and find millions of flexible options. all in our app. expedia. it matters who you travel with. [swords clashing] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. show me the olympics. don't thank them too soon. [ "bugler's dream" playing ] ♪ ♪ ♪ ♪ ♪ ♪ >>> welcome back shares of regional bank is slightly lower today despite strong second quarter earnings the texas-based bank h

halftime is next send your questions by video we'll play them on the air email us at askhalftime@cnbc.comoming up next. mand is growing, and the world needs lower carbon solutions to keep up. at chevron, we're working to find new ways forward, like through our venture capital group. backing technologies like electric vehicle charging, carbon capture and even nuclear fusion. we may not know just what lies ahead, but it's only human... to search for it. t-mobile is the leader in 5g. we also believe in putting people first by treating them right. so we're upping the benefits without upping the price. introducing magenta max. now with unlimited premium data that can't slow down based on how much smartphone data you use. plus get netflix on us, and taxes and fees included! you won't find this with the other guys. in fact, you'll pay more and get less. right now, pay zero costs to switch! and bring your phone -- we'll pay it off! only at t-mobile. experience our advance standards safety technology on a full line of vehicles. at the lexus golden opportunity sales event. get 1.9% apr financing on

cnbc.com. while there, sign up for our use letter >> up next, cohina crack shown, how you can play ali baba in next week's earnings? plus, calling all "options action" fans, reach in your portion tweet us your question at "options action." if it'sifies, we'll answer it on air when "options action" returns. your shipping manager left to “find themself.” leaving you lost. 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 ♪ ♪ ♪ ♪ ♪ >>> welcome back to option action we are following the latest action out of china as beijing begins its crackdown chinese tech stocks tumble again after posting the best day ever. just yesterday charter you ca carter you called this space what do you make of this action that we saw? >> sure. i just have one heart is it's a two panel and talk about why that call was made staples you can make a one-day call the top panel is the internet etf. the bottom panel it's

you can read more about the call on our website go to cnbc.com/pro to sign up. karen, you into live nation. what's your reaction >> i mean, it's pricey, but it should be. you know, there's a lot of catalyst that goldman's piece points to and there's the reopening of venues and people dying to go to concerts. they're very focus on getting that spend up for each concert goer whether that's through beer or t-shirts. they also own ticketmaster and that's a big business. they can do things like vip packages that are super high margin i think there's even theoretically an nft possibility there. so they have done an extraordinary job, they control so many venues there no one even close in the business it's just expensive, but it should be. the one thing holding me back from buying more here is that it already trades at well over the enterprise value going into the pandemic that doesn't include the billion plus they lost last year, so it's not cheap it's a great company. >> bonawyn, is it cheap enough to entice you? do you think that there's still more for it to run up?

. >> for everything "options action" check out "options action".cnbc.com if you are there sign up for newsletter but don't do it right now. wait until the show is over you have 20 minutes left here is what's coming up next. >>> coming up, keeping hedges manicured without getting pricked by overleveraged thorns. come for a walk through the meditation labyrinth >> calling all "options action"s fans, tweet us your t twe @optionsaction if it's nice we will answer it on air when "options action" returns. we're carvana, the company who invented car vending machines and buying a car 100% online. now we've created a brand-new way for you to sell your car. whether it's a year old or a few years old. we wanna buy your car. so go to carvana and enter your license plate answer a few questions. and our techno wizardry calculates your car's value and gives you a real offer in seconds. when you're ready, we'll come to you, pay you on the spot and pick up your car, that's it. so ditch the old way of selling your car, and say hello to the new way at carvana. [ "me and you" by barry louis polisar ] ♪ m

a reminder for everything "options action" check us out at options action at cnbc.com here is what is coming up next. >> plugged in. ford reports earnings on wednesday. and professor ciao has a way to play those results buckle up, we're breaking down that trade >>> plus, calling all options action fans, reach into your pocket and tweet us your action at options action. if it is nice, we'll awensr it on air when "options action" returns. ♪ ♪ ♪ ♪ ♪ >>> welcome back to "options action." if you have not been paying attention, you should have been. shares of ford have been on fire this year. up nearly 60%. like the tag line used to say, mike said this rally is built ford tough it is time now for the call to action mike, take it away with your take on ford >> yeah, so we have this company reporting next week. you know, steve grasso mentioned in the last half hour that he was concerned about basically the supply situation you go to dealer lots there is not a lot of cars out there. he's been waiting for his ford bronco but here is the thing. the chip shortage and the other basically supply ch

and they also raised the price target to $142 and more on this website, cnbc.com/pro but right now let'se to you >> yeah, i'm a buyer of starbucks. one of the things that we're seeing is obviously an increase in foot traffic and i think they have some pricing power. they're able to raise prices dealing with things like higher input costs and commodities like coffee so this is one that i think you stick with along with the other sort of fast casual dining restaurants as well. >> yeah, but pete, what i brought up is coffee prices up 20% this week alone. floods an droughts and both of them in brazil they're costs are going to soar. >> yes they are no doubt about it. but let's also be honest, brian, when is last time you've seen prices for coffee when the price of coffee has begun down, has the price for coffee at starbucks gone down. i'll give you the answer the answer is no it's gone up, up, up over the year so there is a lot of reasons to be excited i think the cold beverage side has become a monstrous piece, a multi-billion dollars piece of the puzzle and you look at gen z-ers and the mi

show on jeff bezos and the legacy at amazon and jassy takes over see more content like that online cnbc.comtime report." >> dooerds, jon, julia thank you very much and welcome to the "halftime report" on a big jobs friday "i" brian in store for scott again. more americans going back to work and the growing economy has markets and your money at new records. money pouring back into a crucial area of the market, maybe moving out of another. so how does it balance out and are there more gains ahead for the markets in the money and a lot of topics to debate and discuss. we have the perfect investment committee today. shannon, courtney gibson, michael farr and jim leiben that will before we get to them here is a quick hit on where stock

. >> so you told cnbc.com back at the end of april there was a tidal wave of chinese ipos come to going to the u.s. >> the tide is definitely receding the possibility of any chinese company doing an ipo is pretty remote so have the clients you advised reconsidered and are they just sort of waiting until this dies down >> there's always an initial period of waiting. most of the rekrrgs is going towards whether to listen to hong kong or shanghai. that was the lesson that came out of didi. didi, as we know, really faced a public reprimand by ignoring the authorities and deciding to list anyway, even after being advised not to what's hatching there is very much to their behavior what we are seeing more recently is all these education names is completely different phenomenon. even though that is the case, obviously the general fear level goes up when there's a heightened level of regulatory uncertainty. >> gary, we did get a downgrade of didi out of a group today, though they kept their overweights, and both could benefit from any near-term cooling in competitive intensity. i wonder when

. >> watch more of the interview on cnbc.com. those margin concerns and chip shortage >> opening ceremonies today on cnbc despite the game's one-year delay and lack of spectators in the stands, the games are expected to bolster nbc un veral and discovery. aing ad revenue is out pacing the dollars from the rio games saying tokyo will have more advertisers than any other games with 80 new advertisers. thanks in part to the draw of new digital options. with peacock streaming many. adding new users relative to linear channels. discovery generates more olympics revenue from sub licensing than advertising is offering games on discovery plus and eight european markets where discovery is launched along with free trials. argus is looking into the games and the winter games coming in 2022 we have to see what new updates we get from comcast and discovery the following tuesday with the game's new impact >> i was watching the ceremonies this morning my five-year-old who has never seen a summer olympics was mesmerized so it still has that magi

for more coverage from the summit and the election, head online to cnbc.com >>> also coming up on "streetmorrison's agrees to 6.3 billion pound takeover by fortress potentially triggering a bidding war for the supermarket chain. we'll discuss more after the break. >>> welcome back to "street signs. i'm joumanna bercetche with karen cho. these are the headlines. the uae pushes back on the saudi and russian agreement. the country backs the supply increase, but not a bad deal >> we are for increasing the production uae is not pushing conditions to increase the production. we think we need to do it and do it for august. >>> private equity pressure raises the morrison's bidding war after a takeover by fortress investment group. >>> eurozone business activity rises at fastest pace in 15 years after a boost of sector growth in france and italy >>> and didi suspended in china as beijing opens an investigation over data privacy four days after the company's u.s. ipo >>> more pmi numbers coming out from the uk. we have the final composite number for june higher than flash estimate of 61.2 and servi

entertainment, some of the most popular search tickers on cnbc.com i'll send things back over to you. >> thank you so much, dom chu. >>> maybe it's good. maybe inflation really is transitory. >> not good for the bank stocks, that's for sure. down almost 3% on the week so far. >> make sure you join us it's happening again tomorrow, it's a wonderful think "squawk on the street" is next >> good wednesday morning, and welcome to "squawk on the street." i'm david faber along with jim cramer we're live from the new york stock exchange carl has the morning off let's give you a look at futures. we get ready to start trading about a half hour from now nasdaq was stronger yesterday, but jooverall not a great day f the markets. our road map this morning starts where we were focussed yesterday in part, a lot of those chinese stocks, didi certainly is amongst them china's crackdown continuing to take many names lower. >>> plus, apple is eyeing a new all-time high at the open with the nasdaq coming off a fresh record close >>> and president biden saying the latest global cyber attack has caused, qu

to learn more about why china is tracking down on the tech giants, go to cnbc.com >>> plus, falling vaccinations we will have the latest from washington, d.c. after the eak. [ "me and you" by barry louis polisar ] ♪ me and you just singing on the train ♪ ♪ me and you listening to the rain ♪ ♪ me and you we are the same ♪ ♪ me and you have all the fame we need ♪ ♪ indeed, you and me are we ♪ ♪ me and you singing in the park ♪ ♪ me and you, we're waiting for the dark ♪ limu emu... and doug. so then i said to him, you oughta customize your car insurance with liberty mutual, so you only pay for what you need. oh um, doug can we talk about something other than work, it's the weekend. yeah, yeah. [ squawk ] hot dog or... chicken? [ squawk ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >>> right. asset managers overseeing $6 trillion and calling for a global carbon neutral price. representing the world's biggest investments with 60 different carbon pricing scrhemes across the globe. a harmonious system with the increasing consarbon price woul boost green investment the bank of i

send jim an email to madmon madmoney@cnbc.com or give us a call miss something head to madmoney.cnbc.com. ♪ ♪ experience, hyper performance that takes you further. at the lexus golden opportunity sales event. get 0.9% apr financing on the all 2021 lexus hybrid models. experience amazing. the same. experience, thrilling performance from our entire line of vehicles at the lexus golden opportunity sales event. lease the 2021 is 300 for $379 a month for 36 months. experience amazing. front desk. yes, hello... i'm so... please hold. ♪♪ i got you. ♪ all by yourself. ♪ go with us and get millions of flexible booking options. expedia. it matters who you travel with. experience our advance standards safety technology on a full line of vehicles. at the lexus golden opportunity sales event. get 1.9% apr financing on the 2021 rx 350. experience amazing. the boss is back baby! on the 2021 rx 350. the difference in try and triumph... is just a little umph! upsees, i need upsees. i'm sure this isn't something money can't solve? what the fudge? oh my gosh, oh my gosh, oh my gosh! >>> what do we do with

and then the top tickers that were most searched on cnbc.com in yesterday's trading session are somef the most popular search tickers on cnbc.com i'll send things back over to you. >> thank you so much, dom chu. >>> maybe it's good. maybe inflation really is transitory. >> not good for the bank stocks, that's for sure. down almost 3% on the week so far. >> make sure you join us it's happening again tomorrow, it's a wonderful think "squawk on the street" is next >> good wednesday morning, and welcome to "squawk on the street." i'm david faber along with jim cramer we're live from the new york stock exchange carl has the morning off let's give you a look at futures. we get ready to start trading about a half hour from now nasdaq was stronger yesterday, but jooverall not a great day f the markets. our road map this morning starts where we were focussed yesterday in part, a lot of those chinese stocks, didi

of sir richard branson's space flight on sunday for more on this call and others, can you go to cnbc.comt because you're here, a bonus look at two stocks that could benefit from a potential booster vaccine shot in response to the delta variant u.p.s. will add 300,000 square feet of cold chain capacity. the temperature of the pfizer moderna vaccines can be stored long terp. they partner with the government to distribute vaccines but a cold war of sorts in cold chain shipments. u.p.s. says it's focusing on other temperature sensitive pharmaceuticals. and ahead on "power lunch," retail, that's been holding strong but what happens when retailers start to worry california residents asked to cut water back by 15%. what does that mean for water suppliers? we'll break it all down. our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected. what's on the horizon? the answers lie beyond the roads we know.

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 headlining the news to begin theweek. a lot more going on. including what they are calling freedom day in the uk. who better to bring you all of it is contessa brewer. >> good morning, brian breaking news overnight. bill ackman's spac a dropping the deal to

on twitter have a question, tweet cramer #madtweets send jim an email to "mad money" tw money" @cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. millions of vulnerable americans struggle to get reliable 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. ♪ ♪ ♪ cisco. the bridge to possible. show me the olympics. [ "bugler's dream" playing ] ♪ ♪ ♪ ♪ ♪ ♪ >>> i've got a new one for you even though the market has rebounded far from the lows on monday, there's one thing that still stopped this bull in its tracks it's the endless flood of ipos that just keep hammering us with the massive amount of supply it is a market all markets are covered by supply and demand. too much supply, prices go down. that's economics 101, isn't it so i hate the fact that the ipos simpl

his answer to that and more on cnbc.com right now. >>> we're not done yet coming up, are you dreadingis weekend? crowds got you down? your morning rbi is ahead. it has stunning stats on just how well the other half really is living and flying ugh. we're back in a moment 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. >>> it is time for the morning rbi. a few days ago, we talked about the return of air travel how we surpassed 2019 levels of fliers on july 2nd shame on us. we should have been more clear about what kind of air travel we were talking about according to flight aware, one type of flying is not just above pre-pandemic levels, but 50% above pre-pandemic levels. that flying is the rarified air of flying private. the average number of private business flights per day, not including cargo. personal jets and prop planes was over 12,00

the online luxury retailer the stock still lower for the year, though and for more on that, go to cnbc.comro >> ever buy anything >> i don't believe i have. >> i don't think i have either rail stocks falling this afternoon after the white house said president biden would issue an executive order targeting railway and ocean shipping competition. that order, which could come this week, asks the maritime commission to come back. what they say is aggressive makes it possible to transport goods. rail is on fire. capacity up about 14% year to date also, especially kansas city southern, not only might the president issue an executive order, this merger with canadian national has to get approval from the transportation board, something that may not be as easy as some people think. others issuing complaints, saying they think it will hurt competition. >> so this sell-off isn't just economically sensitive at this point. government factors as well >> but when you look at the business, very strong. >> that's part of the recovery and the economy we see from covid. let's take a break as covid fears rei

as we head to break, check out some of today's top search tickers on cnbc.com.-year yield leads the group followed by didi, ape,pl amazon and devon energy. we'll be right back. - [narrator] at southern new hampshire university, we're committed to making college more affordable. that's why we're keeping our tuition the same through the year 2021. - [student] i knew snhu was the place for me when i saw how affordable it was. - [narrator] find your degree at snhu.edu. (vo) nobody dreams in conventional thinking. it didn't get us to the moon. it doesn't ring the bell on wall street. or disrupt the status quo. t-mobile for business uses unconventional thinking to help you realize new possibilities on america's largest, fastest, and most reliable 5g network. plus customer experience that finds solutions in the moment. and first-class benefits, like 5g with every plan. network, support and value-- without any tradeoffs. that's t-mobile for business. for taxing the wealthy would give the u.s. the highest capital gains tax rate in the developed world. robert frank has mo

and you can find out more insights about the next generation of financial advisers online go to cnbc.com thank you, sharon such an important story and i hope to see you back in the office some time soon. joining us now, two top voices in the realm of financial advice, and lauren williams a four-time olympian and both area a part of cnbc's financial counsel. margarita, what do you make of what sharon was saying with regard of the lack of diversity among financial advisers how important is it for there to be more diversity and what does it mean for the ability to provide good advice for your clients? >> well, sure. i think diversity equity inclusion in the financial advice profession is very important and the reason why is we want our profession to reflect and represent those we serve. personal finances, after all, are quite personals and really important to have someone across the table that understands you or, as i say, in air quote, gets you. >> gets you. speaking of people who get you, lauren, you advise a lot of young professionals and i read in the producer's notes that you say that

office into the online version >> for more on the cnbc technology executive council, head over to cnbc.com said work is something we do, not somewhere we go. the co-creator of dogecoin said he's not getting back into crypto anytime soon. that and the latest on binance with nick carter in a moment it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. >>> a lot of news in the advertising business today and it looks like it's kind of booming, julia boorstin. >> that's right. this year's up fronts revealing a booming ad market. cnbc's parent company comcast announcing the biggest up-front ad sales period ever, with double-digit increases in volume and

follow @jimcramer on twitter have a question, tweet cramer #madtweets send jim an email to madmoney@cnbc.com or give us a call at 1-0-3-bc8074cn miss something head to madmoney.cnbc.com. hey, dad! hey, son! no dad, it's a video call. you got to move the phone in front of you like..like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most and $0 commissions for online u.s. listed stocks. don't get mad. get e*trade and start trading today. (sound of people returning to the workplace) (sound of a busy office) (phones ringing, people talking, meeting) the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. safely. securely. and responsibly. so now, between all apart and all together, there's a bridge. cisco. the bridge to possible. experience our advance standards safety technology on a full line of vehicles. at the lexus golden opp

prices as an opportunity to buy energy names and read about hsbc's downgrade of the sector and go to cnbc.com/pro >>> blackstone surging on the back of a big beat and we'll break down the results, plus didi in distress, why investors are dropping the ride hailing service. n'go anywhere. much more "fast money" right after this tailor made or one size fits all? made to order or ready to go? with a hybrid, you don't have to choose. that's why insurers are going hybrid with ibm. with watson on a hybrid cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you. >>> welcome back to "fast money. plaqu blackstone, and the company reporting a record $684 billion under management an impressive run for blackstone shares are up 13% this month alone. guy, you have been on this for i don't know how long at this point. >> steve schwartz is the man the entire group and i'll say this and i'll get added

fo follow send jim an e-mail or give us a call at 1-800-743-cnbc miss something head to madmoney cnbc.com this is how you become the best! [wrestling bell rings] [music: “you're the best” by joe esposito] ♪ try to be best 'cause you're only a man ♪ ♪ and a man's gotta learn to take it ♪ ♪ try to believe though the going gets rough ♪ ♪ that you gotta hang tough to make it ♪ ♪ you're the best! around! ♪ ♪ nothing's gonna ever keep you down ♪ [triumphantly yells] ♪ you're the best! around! ♪ [ding] don't get mad. get e*trade and take charge of your finances today. ♪♪ (♪ ♪) get e*trade and take charge of your finances today. whether it's a technology first, (♪ ♪) a fashion first, (♪ ♪) a science first, (♪ ♪) or a first for us all (♪ ♪) whatever you hope to achieve for your business, cloud first helps you get to value...first (♪ ♪) let there be change accenture ♪ >> a couple weeks ago i highlighted a pair of dueling analyst reports about the stock of carvana it's been an incredible long-term performer, one of the best it is a little over four years it is now $315 even though carvana has been a

check out shares of sunnova and sunrun about 3% to 5% gains for more on that call and others, go to cnbc.com our cnbc news update >> u.s. and germany reaching an agreement to allow the completion of a controversial russian gas pipeline to europe the deal will allow the project to go forward without new saengsz from the u.s >>> house speaker nancy pelosi blocking two trump allies from joining the committee investigating the capitol hill insurrection house leaders had chosen jim banks and jordan to sit on the panel. gop leader kevin mccarthy is threatening to pull all republicans from the panel so the party can do its own investigation. >>> in china's hunan province, more than 17,000 firefighters have been mobilized to help with search and rescue efforts. on the news tonight, we report on the rescue efforts. and sports reporter maria taylor is leaving espn. this just weeks after an espn colleague reported taylor received a role because of her race nbc and cnbc are both part of comcast nbc universal. kelly, back to you >> rahel, thank you. >>> still ahead, a tax deduction that millions of busin

makers struggle to balance between combustion and evs for more on that call you can head over to cnbc.comro. now in the meantime, coming up after this break, "rapid fire" is next. that jedi contract is back in play or maybe we should say not back in play there are new rules for hard seltzer, and iceland's experiment with a four-day work week those are all stories we're going to be digging in on after this ♪ ♪ when technology is easier to use... ♪ barriers don't stand a chance. ♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪ i'm so glad you're ok, sgt. houston. this is sam with usaa. do you see the tow truck? yes, thank you, that was fast. sgt. houston never expected this to happen. or that her grandpa's dog tags would be left behind. but that one call got her a tow and rental... ...paid her claim... ...and we even pulled a few strings. making it easy to make things right: that's what we're made for. usaa. what you're made of, we're made for. get a quote today. >>> welcome back let's catch you up on a few stories that should be on your radar today. it is time f

it is now back to being one of the most popular ticker searches on cnbc.com and the roll yefr on the right-hand side of the screen is the result of a five-day losing streak that netflix news from yesterday did have reverberations and gamestop was one of them. if netflix does have, kelly, broader aspirations for a future in video gaming, what does that mean for a company like netflix? well, the shares are down about 4.25% today. five-day losing streak >> still hanging on to 160 the flood of etf inflows since january. this year is on track to outpace last year's record and the management style of the funds is also start to go evolve. bob pisani is down at the nyse with more today. bob? >> reporter: hello, kelly. good to see you. the etf tidal wave continues and it's accelerating. year to date u.s. etfs have taken in $488 billion and that will easily outpace the roughly $500 billion outflows in 2020. that was a record year so you see this is going to be huge this year why are etfs so popular in general? what's causing the record in flows? they have many advantages over mutual funds they

you can read more about the initiation at cnbc.com/pro >> don't put it that starkly to me it makes mel bad if i invest in it. >>> ahead, bitcoin crashing and now climbing back dramatically to six week highs and tether is facing a criminal probe. a top investor about all of it next wall street expecting the ev maker to deliver record earnings we'll discuss that as "power lunch" continues i'm 53, but in my mind i'm still 35. that's why i take osteo bi-flex to keep my moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex. find our coupon in sunday's paper. osteo bi-flex. (sound of people returning to the workplace) (sound of a busy office) (phones ringing, people talking, meeting) the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. safely. securely. and responsibly. so now, between all apart and all together, there's a bridge. cisco. the bridge to possible. ugh, these balls are moist. or is that the damp weight of self-awareness you now hold in your hand? yeah-h-h. (laugh) keep y

and stifel for more on the call and other top calls of the day go over to cnbc.com/pro now we go over what's happening at this hour federal banking regulators are working to regulate rules that go over hundreds of billions of loans. the changes to the community reinvestment act could be changed as of today. marjorie taylor green said her 12 hour suspension from twitter is a communist style attack on free speech. it posted false claims that vaccines are killing people. >>> the phone of french president emmanuel macron was targeted in the pegasus spyware case and as many as 200 americans reporting symptoms associated with the so called havana syndrome linked to possible attacks on u.s. embassies around the world. recent cases go to berlin and vienna >>> tonight on "the news," what types of attacks are they and who might be behind them which airs at 7 p.m. eastern with shepard smith. >> rahel, thank you. >>> netflix earnings are out after the bell apple is going to hollywood and peloton's corporate push all of those stories are right ahead in rapid fire. take a look at shares of retail s

you can subscribe to cnbc pro, cnbc.com/pro and we're back after this. - stand up if you are first generation cheering) stand up if you're a mother. if you are actively deployed, a veteran, or you're in a military family, please stand. the world in which we live equally distributes talent, but it doesn't equally distribute opportunity, and paths are not always the same. - i'm so proud of you dad. - [man] i will tell you this, southern new hampshire university can change the whole trajectory of your life. (uplifting music) >>> the biden administration filling out their cybersecurity team ayeamon javers has that for us, coming at a pretty crucial time. >> yeah, file this one under better late than never president biden is getting the cybersecurity team he wanted in place. the senate yesterday confirmed jen easterly as the director she will be just the second senate confirmed director to lead the agency since it was created back in 2018 the senate also confirmed chris english to be biden's national cyberdirector, giving the white house a lead official at a time of the major ransomware impacts on

is underestimating the come back for full service stras eyayreauntth s for more on that head to cnbc.comk in a moment if you wake up thinking about the market and want to make the right moves fast... get decision tech. for insights on when to buy and sell. and proactive alerts on market events. that's decision tech. only from fidelity. this isn't just a walk up the stairs. that's decision tech. when you have an irregular heartbeat, it's more. it's dignity. the freedom to go where you want, knowing your doctor can watch over your heart. ♪♪ what's on the horizon? the answers lie beyond the roads we know. we recognize that energy demand is growing, and the world needs lower carbon solutions to keep up. at chevron, we're working to find new ways forward, like through our venture capital group. backing technologies like electric vehicle charging, carbon capture and even nuclear fusion. we may not know just what lies ahead, but it's only human... to search for it. >>> hi everybody let's catch you up on a couple stories that should be on your radar. it's time for rapid fire and here to break do

have a question, tweet cramer, #madtweets send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com. ready to shine from the inside out? try nature's bounty hair, skin and nails gummies. the number one brand to support beautiful hair, glowing skin, and healthy nails. and introducing jelly beans with two times more biotin. >>> what do we do with the fwraet industrial companies that have had tremendous runs otis worldwide, installers of elevators, and escalator, this morning, otis reported kind of a stunning quarter, earnings beat off a $0.71 basis. much higher than expected organics growth, better management raised their full year forecast. stock barely budged. maybe it's up 30%. it is an excellent business in a standing economy and the stocks already moved up so much, we got to figure out what can keep you climbing let's check in with judy marks, the president and ceo of otis worldwide, and what she sees going forward. welcome back to "mad money," thank you so much for having me back great to be here. >> these are unbelievable