i'm courtney reagan in tonight for melissa lee. karen fiberman, and nadine, and pete najarian, tonight on "fast. a major move in the metals market, topping the tape despite a big downgrade. how our traders are playing the breakout >> plus, a small world with big gains, how options trades are betting on disney to deliver some serious happiness to investors. >>> and later, our chart of the week this stock kicking into high gear, gaining more than 15% since tuesday. that name is coming up ahead, but we'll start with an epic fall for apple the stock shedding more than $85 billion in market cap after a judge ruled against the company in its battle royal versus the maker of fortnite let's get to josh lipton for all the details that came down this afternoon. hi, josh. >> so courtney, a historic high profile antitrust fight between apple and epic, and now we do have that decision apple winning on nine of ten counts the judge saying apple is not a monopolist the court cannot ultimately conclude, the judge saying, that apple is a monopolist

courtney reagan has those details. >> hi, morgan. it's another deal in the buy now pay later space.on's family office this follows the deal with affirm and square's $29 billion purchase of afterpay under paypal, paydi will continue to operate its existing brand and leadership buy now pay later can help solidify a sale or increase a transaction total for an online retailer installment payments often allow them to have a low sber rate if one at all, then you'd get from a credit card and lower to possibly zero fees just increasing that conversion at checkout >> courtney reagan, thank you. mike, we've been having this conversation about buy now, pay later and some of the deal-making we've seen in the space in partnerships over recent weeks it just seems to be continuing to heat up here. >> yeah, looks like a little bit of a buying panic by the big players to make sure they have this area well covered longer term, you do wonder if it's going to create this conditioning among consumers to be very carefully scrutinizing what traditional credit cards are costing. if that drags things down,

here is cnbc's courtney reagan. >> b.j. cox works hard at his job as a banker in pittsburgh. he has bills to pay, but also likes to treat himself to a first class plane ticket or a new outfit by now, pay later offers help him manage both. >> when you have something like a firm after pay, it makes it easier to where you can break down the price to where you're not using your entire, say, paycheck or your savings all at once >> reporter: some buy now and pay later plans are interest and fee free if the balance is paid off in time, in four to six equal installments retail consultants say some others may charge interest but allow consumers to pay a larger amount with payments over a longer period of time. >> any consumers might be familiar are paying other types of loans over time, whether it's a car or a house so similar, what you do is you define a set of payments and you pay down on that schedule, versus a credit card where the actual payment may vary from month to month >> reporter: buy now, pay later plans are typically aimed at gen z or millennial shoppers who either don't

courtney reagan with the latest. >>> the quietest corner of wall street, what it is and why investors are battling to get in and stay there >>> black rock is firing back at george soros after he called the firm's business a tragic mistake. another big player jumping into the debate, none other than ray dowdy defending black rock who's right? we'll debate in just a moment on "the exchange. >> annouer: iss hencth i"t exchange" on cnbc. ok, let's talk about those changes to your financial plan. bill, mary? hey... it's our former broker carl. carl, say hi to nina, our schwab financial consultant. hm... i know how difficult these calls can be. not with schwab. nina made it easier to set up our financial plan. we can check in on it anytime. it changes when our goals change. planning can't be that easy. actually, it can be, carl. look forward to planning with schwab. schwab! ♪♪ (ted koppel) 30 million americans have copd, half don't yet know it. every one of them is especially vulnerable to covid-19. schwab! help us find them at copdsos.org. in business, it's never just another day. it's the

also we have courtney reagan here also we can't wait to dive into the topics consumer confidence hasyou ask over at wells fargo the consumer remains s remains strong but the supply chain can't keep up. ahead of the key holiday season. saying supply changes internationally and domestically were hot topics. ike, you guys could literally see a backlog of container ships from your conference location. carters, autup 4%. bearish on stitch fix. elaborate here i want to hear about the ships >> thanks, guys. it is really interesting so the consumer demand has never been as robust as it is and the companies at the conference for saying as much the issue is the supply chain. it continues to worsen,the visibility into holiday is getting tougher. companies are talking about potentially needing to cancel orders so air freighting goods, costing a lot of money, now we're worried about maybe leaving sales on the table you have a group which is an early cycle group and we're clearly not early cycle anymore, you have rising cost, inflation, stimulus and demand into next year these are the reasons my g

i'm courtney reagan in this evening for melissa lee. here's what's on tap for tonight. >> the giant asset manager that is the market. and how co-dependency rarely ends well. carter worth explains. then two sides to travel, why he thinks disney will remain the happiest place on earth. >>> and even if the cruise industry is adrift, your trade around it can keep sailing along. professor khouw takes the helm it's time to risk less and make more, "options action" starts right now. >> well, welcome back, trow price, as the market goes up, so does trow more so. is this asset giant heading up the creek without a paddle so to speak? carter worth breaks it down for us carter, take it away. >> well, that's right. before looking at the charts, i mean really in a way trow if you look at the largest stocks from apple to microsoft to google and look at who are the biggest holders, it's always things like blackrock and vanguard those are passive managers with etfs trow is essentially the largest holder of some of the biggest stocks which of course driv

. >> i'm courtney reagan in for sara eisen today stocks took a dip mid session, also weighs on sentiment, a number of fed speakers jobless claims coming in, better than expected. and some big individual moves on earning. lululemon and rh soaring we've got 59 minutes left to go in the session. >>> coming up on the show today, commerce secretary gina raimondo making the pitch to back the reconciliation bill. she'll join us. >>> nfl season kicks off tonight on nbc when the buccaneers take on the dallas cowboys. we'll speak with the ceo of draftkings and meg tirrell has the latest on president biden's vaccine push, but mike, start us off with the market. what are we looking like today >> it's still apprehensive, somewhat twitchy tape so far today's low, we had that flurry of selling, brought us back down to about yet morning's low very, very narrow range. before we were ratcheting up this week we've been going downward this would by the fourth straight down day. getting very compressed in there. yields also arguably get very compressed it seems as if we're on alert for a bigger move, breakdo

courtney reagan wuth with those num buyers >> the revenues are missing at $2.16 billion. 27% growth the ceo who i know you'll have on shortly says that active customers increased 21% in the quarter and 31%. so far the street is not impressed with that. the shareholder letter just being posted when we get more we'll come back to you you have sumit singh who will be on your show as well >> we'll talk to him in a few minutes ahead of the conference call the stock is down about 10%. josh, this was a winner, not just a pandemic winner but had been growing prepandemic and the thought was that maybe even if we've seen a peak in pet adoption during covid, people are still going to be spending money on their pets. still seeing strong double-digit growth in number of customers, revenues expectations were also pretty high >> i think there's a cyclical bull market story that had to do with the pandemic but i also think there was a secular bull market here that can go on for years and years to come as pets become just more and more like members of the family. and this is the type of c

and they're moving in opposite directions kate rogers has a look and courtney reagan is following akang today after pricing at $40 a share, raising 870 million in the ipo the stock gaining more than 60% today looking to close higher today by more than 50% the restaurant technology sells both hardware and software and is used in 48,000 locations in the country after adding 20,000 new locations in the past two years and seeing its valuation more than double in the past few months the ceo told me today that the company and the industry have learned from the pandemic. take a listen. >> we look at the delta variant, and covid in general, we feel like the industry has been battle-tested with the covid pandemic and the industry and toast are amazingly resilient. so we feel like, while delta maybe dampened things, this industry is in recovery and we couldn't be more excited to lead the charge ahead as the industry recovers and restaurants start to thrive again. >> it's the second restaurant tech company to go public this year sara, back over to you >> we'll send it now over to courtney reagan

. >> i'm courtney reagan in for sara eisen today stocks took a dip mid session, also weighs on sentimentrs

. >> i'm courtney reagan in for sara eisen treasury yields are popping again together with the 10-year

. >> let's get a check on the retail names from courtney reagan court? >> hi there. several reasons for today's selloff. but if the delta variant causes cases to increase shoppers may revert to thorly shopping habits and some cases in fact worse than the broader averages with a rebound in retail and if that's at risk the stock rebound could backtrack, too while it's about on par with the broader market the etf is off for the most of the day down 3%. among the retailers selling off more than that broader average include darlings like target, boot barn, and decker's and beneficiaries like amazon, dick's sporting goods, nike, lowe's, tractor supply all lower, amazon down 4%. we're probably going to wear less makeup so ulta, revlon, under pressure, as well. even resellers are taking it hard like threadup and the real reel off 3% or more. >> thank you >> breaking news, ylan muoy has it. >> democrats are proposing to increase the debt ceiling through december 2022 and they want to tie it to a separate measure that would keep the government funded through december of this y

cnbc's courtney reagan now what's driving the sales and what's topping the wish lists?actors pointing to a very happy holiday season not all guaranteed to be smooth sailing. backdrop going into the holidays is strong, despite the covid delta variant. by and large u.s. consumers have been spending. >> i think what you're seeing, courtney, is the continuation of a trend you've seen over the last several months which is a very strong, healthy consumer. there is a pent-up demand. savings rate is high stock market is performing extremely well the consumer wants to get out and shop >> reporter: if you like shiny, expensive gifts, you might be in luck if you're on the nice list. luxury goods sales expected to grow more than 90% that's not including jewelry jewelry sales are expected to sparkle on their own predicted to grow nearly 60% clothing is likely to top wish lists, especially as americans start leaving home again while there's 102 days until christmas, experts say santa better get started early retailers are working hard to keep enough merchandise in stock to meet deman

courtney reagan joins me with a special guest. >> we've got 102 days left until christmas, so why notlet the shopping begin mastercard does forecast santa will be ringing up those registers this week, predicting a holiday sales increase of 7.4% compared to december 2020. that was before covid vaccines were widely available of course, with ecommerce predicted to grow almost 8% and in-store sales to grow over 6.5% apparel is topping wish lists with sales expected to surge, get this, 46% during the core holiday selling season, lifting department sales and luxury spending so, luxury, separate from jewelry, is forecast to increase a whopping 93% joining me now is steve say doff, former ceo of sacks. it's great to have you with us we've seen a big surge in consumer spending throughout the year as we reemerge from lockdowns and left our houses finally. but when you're looking at the holiday season, is there something in particular that's going to drive spending to these levels that mastercard is predicting >> well, i think what you're seeing, courtney, is a continuation of a trend we've seen

i'm courtney reagan in tonight for melissa lee.n the metals market, topping the tape despite a big downgrade. how our traders are playing the breakout >> plus, a small world with big gains, how options trades are betting on disney to deliver some serious happiness to investors. >>> and later, our chart

costco ko courtney reagan has the numbers. >> earnings per share at $3.76 unclear if that's conclusiona beat from what we thought we were getting at $61.269 billion. for the total quarter up 15.5% shares are higher by just about .7%. the release is sparse as usual and detail about the supply chain snafus dealing with we'll have to listen for on the call back over to you. >> thank you so much more on that to come later >>> steve cohen is investing the personal money in a cryptocurrency trading firm radkl. up next the ceo gives us the outlook and the potential threat from new regulation. >>> president biden announcing to nominate a cryptocurrency gutoic to oversee a key banking relar. the impact what could have on the industry when "closing bell" returns. >>> president biden announcing he will nominate a cryptocurrency critic to run a key bank regulator kayla? >> the white house just moments ago officially announcing saule omarova. pretty much any company that wants to get into the financial services space even digital will because she is an academic there's literature released publicly

. >> i'm courtney reagan in for sara eisen treasury yields are popping again together with the 10-year up to 1.426% tech underperforms energy stocks get a bid. the energy sector up 5% on the week and crypto is crushed as china ramps up the crack down on the space. all deep into the red. we have 59 minutes left to go in the wild trading week. >>> coming up on today's show carnival near the top of the s&p 500 after results this morning and a positive outlook arnold donald will join us and the rapid rise in treasure yields and whether that will continue and then dan niles on the wild trading >>> let's focus in on the big story that is we are watching today. meek santelli is tracking the market action for us and joining us to talk about the crack down is bradley tusk. what are you watching today wrapping up as wilfred referred to a wild week >> this is the day where stability and flat indexes are the news because we did have another little mini shock culminated monday afternoon. 3% rally from that monday low and another what looks like a "v" on the chart but where it stopped is a consequen

reagan. so you welcomed all these changing family dynamics. they were there to welcome my first, my son taylor. and my second, my daughter courtney and my third, my daughter page. and my fourth, my daughter joscelyn. at which point mrs. reagan pulled me out to the hall hallway, and she said peggy, you know this is happening right? it's not really a conversation i want to help with the former first lady, so the family was complete. so it was great to be able to interact with the reagan's at their house, and nothing like looking at ronald reagan watching him push my son stroller. swimming in the pool, celebrating birthday and halloween and christmas together. and let's see. and for my kids, they grew up thinking this was all very normal. my son my son would look at me in the evening, and he would say mommy are you having dinner tonight with dad here the president? and then when the office kids would get together, he'd say you go see the first lady, your secret service. it was very normal for them. and i appreciated the reagan's allowing my family to grow up alongside them. so my husband got into the action as well, he was fortunate

reagan to welcome all these changing family dynamics. they were there to welcome my first, my son taylor and my second my daughter courtney, and my third, ter paige and my fourth, my daughter jocelyn at which point mrs. reagan pulled me out into the hallway and said, peggy, you know how this is happening, right? not really a conversation i wanted to have with the former first lady, but, yes, four and no more. so the family was complete. but it was great over the years to be able to interact with the reagans casually up at their house, nothing like looking over at ronald reagan pushing my son's stroller through the l.a. zoo plaingd by united states secret service. swimming in the pool, celebrating birthdays and halloween and christmas together. and for my kids they grew up thinking it was all very normal. my son would look at me in the evening and i have a black tie dress on and he would look at me and say, mommy, are you having dinner tonight with daddy or the president? when the office kids would get together they would say, okay, you be the first lady, you be secret service and they would talk to their sleeve and peek around and hands