let me bring in sir david bell _ achievement. let me bring in sir david bell the _ achievement.d bell the vice chancellor. achievement. let me bring in sir david bell the vice chancellor of| david bell the vice chancellor of the university of sunderland. what is a reaction that more top grades have been awarded to students right across the country? i have been awarded to students right across the country?— across the country? i think it was an inevitable _ across the country? i think it was an inevitable consequence - across the country? i think it was an inevitable consequence of- across the country? i think it was an inevitable consequence of the| an inevitable consequence of the situation — an inevitable consequence of the situation this year and that is not to he _ situation this year and that is not to be critical because it has been an imperfect solution in an imperfect world but i think the test now has_ imperfect world but i think the test now has been for universities to ensure — now has been for universities to ensure that we take account of examination grades as well

>> all right you have a stock potentially, at least, opening bell. >> david, get this want to see the future. you have a magic finger. i have an angry finger you have a magic finger. >> every part of him is angry. >> finger to his toes. >> it's covid. i'm coming out >> opening bell is coming up in a few minutes. >>> by the way, catch us anytime. listen to jim be angry anytime follow us as "squawk on the street," opening bell podcast. >> announcer: from bitcoin to dogecoin, pblockchain technolog. crypto d ♪ ♪ it's a wishlist on wheels. a choice that requires no explanation. it's where safe and daring seamlessly intersect. it's understated, yet over-delivers. it is truly the mercedes-benz of sports sedans. visit your local mercedes-benz dealer today for exceptional lease and financing offers. ♪ ♪ >> announcer: the opening bell is brought to you by -- nuveen leader in alternatives and responsible investing. >>> today marks tim cook's tenth anniversary as ceo of apple. the company's had a run since succeeded legendary steve jobs apple shares up 1,000% during his tenure, and neutral price

david faber. and now, here is your opening bell countdown on cnbc. ♪ >>> kicking off his stint on "jeopardy" last ght to stellar reviews is, david faber. welcome to "squawk on the street" i'm carl quintanilla with jim cramer and david faber at the new york stock exchange looking to give back on monday's losses watching data showing a big increase in vaccinations and a number of companies raising guidance today including under armour, dupont, and more jimbo, start with last night's "jeopardy" which is really, it lit up twitter, i think. right, david would you you agree? got to be pleased with the response. >> rare twitter has been so kind i appreciate that, and appreciate everybody's kind comments and certainly look forward to everybody watching rest of the week it's a good week >> it did feel like david had done it hundreds of times. you were so smooth you made everyone feel comfortable. you were comfortable some incredibly hard clues there. i felt bad for the contestants. >> yes. >> including the "final jeopardy." >> very hard john jacob bastion being the correct response i bet the producers, nob

strong on a lower day, and overall a dreary move off the news in afc. >>> welcome to "closing bell" here i'm david faber along with sara eisen. let's look at how we closed here >> you just did it we'll do it again. things can change ever so slightly, as you see the dow was down by almost 200 points there. s&p and nasdaq almost better as we mentioned, williams sonoma has been one of the biggest winners on wall street today, and raised its outlook, coming up, the ceo will join us on the strength of the consumer plus we have another huge hour of earnings ahead for you. peloton, workday, gap, all set to release their latest results. we'll break those numbers down, as soon as we get them st stephanie link is still with us, but first we'll get to mike santoli on what we saw today in the markets. today it seems mostly like hesi hesitation. >>> in general, it's been upward drift into today today was really more downward drift. it has necessarily been a lot of urgency but a bit of a test of the rebound we saw the past few days was really something of a shift, or if it was just a bounce today we gave back a

[closing bell rings] >> hello, everybody welcome to "kudlow," i'm david asman in for larry kudlow.ows's office. the administration knew there was a distinct possibility that ka

david, we have more to cover with you. you're going to stick around. now over to anna belle for the news. >> hi, dani. fully vaccinated visitors arriving in england from france no longer have to isolate for 10 days that puts them in the same category as most other european nations. the u.k. eased rules for arrival from e.u., india and qatar. six other european couldn't wrirs added to the green list which requires no self-isolation. uber reported a wider than expected loss in the second quarter after spending heavily to ease driver shortages. the raid hailer sow an adjusted loss of $5009 million. it says losses will narrow to $100 million in the third quarter and will make an adjusted profit in the final three months of the year. 101 million people used an uber service in the latest quarter. global news, 24 hours a day, on air and on bloomberg quick take, powered by more than 2,700 journalists in more than 120 countries. this is bloomberg. manus? manus: thank you very much. coming up, china hunkers down for the delta variant reaching nearly 50% of the country. what does it mean for growth? what does it

bell. nasdaq closing above 15,000 for the first time ever. it is time for "kudlow". ♪. davidesident woe speak at noon, that he would speak at 2:00, 2:30. then we're told during this or the next hour.

and don't miss david faber hosting "jeopardy" again tonight. it's been fun all week "closing bell be right back (vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back. so you can live your life. that's life well planned. if you're 55 and up, t-mobile has plans built just for you. switch now and get 2 unlimited lines and 2 free smartphones. and now get netflix on us. it's all included with 2 lines for only $70 bucks! only at t-mobile. hey frank, our worker's comp insurance is expiring, should we just renew it? yeah, sure. hey there, small business owner. pie insurance here with some sweet advice to stop you from overpaying on worker's comp. try pie instead and save up to 30%. thirty percent? really? get a quote in 3 minutes at easyaspie.com. wow, that is easy. so, need another reminder? no, no no, i'm good. uh, yes please. oh. ho ho ho, yeah! need worker's comp insurance? get a quote in 3 m

street," and now here is your opening bell countdown on cnbc >> good wednesday orning, welcome to "squawk on the street." i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. futures are obviously a little bit weak here. we'll talk some david on "jeopardy!" in a moment. we're looking at softness as we're coming off the s&p closing high that adp number was light, 330,000, that's where we're going to start, jim. yields, if we crack 112 we're looking -- we're going to go below that low we saw last month sl we're starting to read about hedge funds that were short that are scrambling when you see that, we tend to forget hedge funds seem to be short many things. there's so many hedge funds that when you see a spike like that, we should start thinking, wait a second, is someone on the wrong side of that trade we saw in the '80s there were people on the wrong side of the two-year but then they kind of got away from that. i'm reading about billion dollar losses of hedge funds. wait a second, before we just say it's weakness in the economy, maybe it's someone who just literally did not figure out that these are thinner than we t

david faber. and now, here is your opening bell countdown on cnbc.

the market shows a gain at "the opening bell," the s&p and nasdaq, david nicholas with us. wise the market up in the middle of these crises? >> the market loves stimulus. in the short-term the amount of spending the comes out of this administration. the market knows that, the market this morning. stuart: what about the vaccine mandates, the pace of infection slowdown, some investors looking to the other side of the delta panic so that is a plus. >> there's a lot the american people have concerns about, but i thought we would see by now, this comes down to what the government will do in the short-term. it is focused on what the feds will be doing, there's talk about taper, in november, it is self-interested over what is happening in the next 6 to 12 months. you don't spend trillions of dollars and not get markets that are supported. high off of the trillions. stuart: thanks for being with us, always appreciate it. the ceos of apple, amazon and microsoft head to the white house for a meeting with president biden. was the meeting about? >> fibersecurity, the pipeline pack and

global liquidity markets, debbie cunningham, chief economist lindsey piegza and bell point asset management chief strategist, daviding here. debbie, let's take a look at the macro story and earnings story, disney posted higher than expected quarterly numbers yesterday, disney's third quarter, fueled by subscriber growth in disney plus and the company's theme parks returning to profitability for the first time since the pandemic. airbnb also beat expectations on revenue. they had a 300% jump in second quarter revenue and then there's door dash, announcing new records for total orders and gross order volumes. debbie, tell me what you see from the earnings season so far and what these particular companies tell us about the recovery. >> well, good morning, and happy friday to you, maria as well. and this is something that we've been talking about now pretty much on a year-to-date basis throughout 2021. pent-up demand, what we're seeing is satiation of some of that, you've got a wall of cash out there, investors, spenders, are taking some of the savings they've amassed over the course of the last 18 months and putting

to move back to abilene and ike's father went to work in the bell springs creamery where he worked for many years. his original name was david dwight eisenhower, but david was for his father, the dwight was after a fay house 19th century evangelist named dwight moody but they always called him dwight because they didn't want him to be called junior after hiz father. when he went to west point his name officially changed, it was then when he reversed the order to dwight david eisenhower and became the name that's now so well-known. abilene was an interesting town, it was only about not even a generation removed from its wild cow to you past. the chisolm trail, you had all that great history of the cattle drives up the trail to kansas, wild bill hikock had been the city marshall so you had gun fights and everything that goes along with a cow town. eisenhower absorbed and enjoyed that history. coincidentally 1890 the year he was born was also the year the american frontier was declared closed. you had eisenhower coming into the world at this transition in american history from this open frontier, moving into a more industrializ

and ike's father went to work in the bell springs creamery where he worked for many years. and his original name was david dwight eisenhower. the david was for his father. the dwight was after a famous 19th evangelist named white moody. and yet they always call him dwight because they didn't want to be called junior. after his father and then like ulysses ask grant when he went to west point his name officially changed it was then that he reversed the order from david dwight eisenhower to dwight david eisenhower and became the name that's now that's now so well known. and i believe is an interesting town. it was only about not even a generation removed from its sort of wild cow past abilene is the terminus of the chisholm trail. so you had all that great history of the massive. that cattle drives up the trail to kansas wild bill hickok. had been the city marshal one time and so you had gunfights and everything that goes along with with a with a cow town and eisenhower really absorbed and and really enjoyed that history. coincidentally 1890 the year. he was born. so the year that the american frontier was

bell." i'm sara eisen, we are expecting a briefing from the pentagon on the deadly attacks at any moment we'll take you there live is not it begins. >> i'm david faber in for wilfred frost. energy and stock caps. let's get to the pentagon for a briefing on what is happening. >> can you hear me okay? >> john, i can see you and hear you fine. >> the general will have some brief opening remarks, will address the events today, an

bell rings] we don't think the fed starts to taper in september. we still think it is months away. liz: sounds great. thank you very much, david. and s&p. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. okay, hot on the heels of the infrastructure package, democrats worked to rush through the framework working through voter rama and republican amendments, complaints that unfortunately won't amount to a hill of beans. the final final vote on final final package, 50-49 in favor of the dems. senator mike rou

know i've been all over this david having an incredibly strong year we've been getting strong earnings report on the commercial side and looking at zillow reporting after the bellt night, strong results there as well on the housing front, especially as the hope flipping business really starts to take root. >> actually there were a number of companies that raised the guide. zillow was one yelp, draft kings. but you look for q3 revenues higher ebidta, because that requires new investment >> all of this question marks swirl around the moratorium, eviction moratorium which he know has been extended in a number of markets by the cdc as we look at that, parse through the economic data, jobs report, et cetera what that looks like coming in the fall too >> guys, one m&a transaction i'll highlight this morning, because it's reflective what we have seen. and what is still a strong merger and acquisition market. not high profile names and large transactions but succession of deals in the 4 to 6 billion-dollar range this morning stoernstone on demand csod is the symbol up about 14%, this after they grooe to a take private. 31% premium to the unaircrafted closing stock pric

street," and now here is your opening bell countdown on cnbc >> good wednesday orning, welcome to "squawk on the street." i'm carl quintanilla with jim cramer, davidme david on "jeopardy!" in a moment. we're looking at softness as we're coming off the s&p closing

david herro from harris associates >>> up next, what early investor bill gurley said about california judge's decision to strike down prop 22, and what it means for the gig economy and workers. you're watching "closing bell" on cnbc. you have the best pizza in town and the worst wait times. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> with these efforts to roll back prop 22, the california measure, as you mentioned, that allowed gig workers to remain classified as contractors, not employees, he said the seiu is behind it. >> they spent more money lobbying than any other organization in our country, and have for many, many years. they only represent 2 million members, but oddly those members are in hospitality, healthcare and government services. they're not even in this industry they're taking the dues from their members and yew it to fight they battles what they're really after is putting $420, which is the minimum member union fee, for the 2 million they have, they said to expand that to these drivers. they don't want to help them, they want to add to their costs. the california judge

david has a three-minute version of the impact on his life. i think everyone should watch it just put in "faber jeopardy. >> i'm going to take him everywhere i go. >>> open bell in five minutes. >>> remember, by the way, you can catch us anytime anywhere. you can follow the "squawk on the street" opening bell podcast. we're back in a second i think you're going to like it here. umm, why is everyone... throwing things at me? look, as cfo it's my job to be ready for whatever's next. that's why i have my finance team, randomly hurl things at me. it's also why we use workday. it gives us insights, so we quickly pivot our strategy, people, planning, you name it. sorry, sir. i will aim straight at your next step. see that you do. would you like some coffee? workday. the finance, hr, and planning system for a changing world. ♪ new customers get our best deals on all smartphones. forthat's right.orld. but what if i'm already a customer? oh, no problem. hey, cam...? ah, same deal! yeah, it's kind of our thing. huh, that's a great deal... what if i'm new to at&t? cam, can you...? hey...but what about for existing customers? same deal (breathless) it's the same deal is

david, thank you for joining us to talk about it. keep us posted >> thank you for having me. >>> up next, mike santoli is back, with a pulse check on the consumer "closing bell" will be right back do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance. >>> welcome back it's time for a cnbc news update with courtney reagan. >> hi, wilf. president biden defending his decision to withdraw u.s. troops from afghanistan he says it was designed to save american lives and end a war that was not improving america's security >> -- was the choice, the real choice, between leaving or escalating i was not going to extend this forever war, and i was not exte

david, thank for you being here. >> thank you. >>> shares of zoom falling after reporting a few minutes ago. we'll have what an analyst wants to hear on the earnings call "closing bell 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! ♪♪ (♪ ♪) 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 do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may qualify to

i'm david faber with morgan brennan and mike santoli live from the new york stock exchange jim and carl both have this morning off. let's give awe look at futures as we get ready for an opening bell 30 minutes from now. you can see -- let's call it slightly lower and let's get to our road map this morning it starts with ida's aftermath no water or lechty for thousan -- electricity for thousands and restoring could take weeks. >> shares of zoom video sinking. revenue topping $1 billion first time ever but a slowing growth outlook is spooking investors. >> renewed covid headwinds for restaurants. a new report shows the delta virus is hitting the restaurant industry hard. >> start wit markets before we delve into as well the aftermath of ida mike it is the end of the month. for whatever purposes that serves we'll get obviously a jobs report as well this friday. thoughts as we sort of finish up this august? >> riding a couple of streaks here relatively significant. this would be the, presumably, up 3% for august so far, in the s&p 500. seventh straight month in fact, never been up february through august seven straight. i think 2017 was really close, but one month had a fractional de

david faber. one fan writing on twitter, he has a kind face. another saying he's the stuff yodoms are made of as a jeopardy ho u n't want to miss it. "the closing bellhe 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. >>> an aup date on a story we're following closely. elon moy has detailed. >> well sara i can confirm according to a source familiar that the biden administration does plan to issue a new eviction moratorium after some pressure from within his own party, that is expected to come from the cdc it would last for 60 days through october 3rd. and it would target counties that have been particularly hard hit by the covid crisis. that would cover about 80% of the counties or 90% of the population now the biden administration had been concerned that it didn't have the legal authority to extend the moratorium. biden was just speaking to

i'm david faber with morgan brennan and mike santoli live from the new york stock exchange jim and carl both have this morning off. let's give awe look at futures as we get ready for an opening bell call it slightly lower and let's get to our road map this morning it starts with ida's aftermath no water or lech

bell ringing] -- for 40 years. >> thank you for your comment. your time has expired. next caller, your line is open. >> you can hear me okay? >> loud and clear. >> great. david pilpel. on item 13, the board of supervisors usually hears the reports of the grand jury and invites members of the grand jury to report. in the future, perhaps when and if there are grand jury reports that implicate the puc it might be worth thinking about to inviting the grand jury members to present before the commission so you could have a little interaction and not just back and forth in writing. nevertheless, the proposed response refers to a southeast treatment plant campus plan. i'm not sure that i'd seen reference to that before. i would still like to see either a city or puc overall for all the various facilities and space that is owned by the city or the puc kind of chavez and east of 101 including the new cdd facility and the d.p.w. corporation yard and the southeast treatment plant. there is a lot of space there and not just a small campus, but a look at the real estate there would be useful. otherwise, the responses seem thoughtful to me. thank you to john and others for their w

bell ringing] -- for 40 years. >> thank you for your comment. your time has expired. next caller, your line is open. >> you can hear me okay? >> loud and clear. >> great. david pilpel. on item 13, the board of supervisors usually hears the reports of the grand jury and invites members of the grand jury to report. in the future, perhaps when and if there are grand jury reports that implicate the puc it might be worth thinking about to inviting the grand jury members to present before the commission so you could have a little interaction and not just back and forth in writing. nevertheless, the proposed response refers to a southeast treatment plant campus plan. i'm not sure that i'd seen reference to that before. i would still like to see either a city or puc overall for all the various facilities and space that is owned by the city or the puc kind of chavez and east of 101 including the new cdd facility and the d.p.w. corporation yard and the southeast treatment plant. there is a lot of space there and not just a small campus, but a look at the real estate there would be useful. otherwise, the responses seem thoughtful to me. thank you to john and others for their w