deidre bolton is here with all the ways to save. with fireworks and barbecues, today can be about hunting for bargains. some categories are 50% off or more. from appliances to apparel to mattresses and beach gear, major retailers offering big sales this holiday weekend. >> we can all make this a summer to remember. >> reporter: big box stores like bed, bath, & beyond, home depot and lowe's offering as much as 50% off on grills, tools and home decor. this grill is 40% off. on that outdoor theme, rei offering up to 30% off outdoor gear and equipment. eddie bauer 50% off selected styles. it's a good weekend to buy mattresses. >> i'm seeing very deep discounts. mattress firm is offering 50% off select items available online. >> reporter: casper offering up to 30% off mattress bundles. specialty brand purple offering $350 off pillows bedding and mattresses. if you feel overwhelmed by all the choices, experts say you should use a price comparison tool like google shopping or pop cart to make sure you get the best price. >> you should set

. >> i'm deidre bolton. mona is off.begin with some stunning scenes overnight from surfside, florida. the part of the collapsed condo building that had been standing is now just a pile of rubble. >> the demolition happening quickly late last night, explosive flashes and moments later a huge plume of dust. now the difficult work of searching for victims can resume and crews will possibly be able to get access to areas they haven't gotten to yet. overnight crews demolishing the remaining structure of the partially collapsed condo building in surfside, florida. residents in the area told to close their windows and stay inside as the demolition team uses a technique called energetic felling to bring the tower down. the blast starting from the bottom of the structure and within seconds the building crumbled to the ground appearing to fall away from the existing rubble where 121 people are still unaccounted for. >> gravity will pull it almost straight -- everything straight down, but it will have a little tilt to it where the

let's go to deidre bossa for what's next for amazon >> while it is almost day one for amazon, monday off a new era, andrew jassy and fresh challenges jeff bezos has created share value over the past decades and a start-up mentality that persisted even as it became one of the biggest companies in the world. jassy begins his reign with a somewhat softer approach empathy and a goal of becoming earth's best employer and those were added to amazon's leadership principles yesterday as the company has more than just customers it obsess over, there's a growing workforce, activists and lawmakers all scrutinizing its size and influence and there are still investors at a time when amazon is facing more competition in the crowd and the commerce sales that are said to slow post pandemic bezos' is the executive chair and he will still be involved in major decisions and it may fall to andy jassy and jassy, not bezos, is likely the one to face congress and antitrust pressure much like that fell on pachai. he has been there from the very beginning and he has pioneered its cloud business and while bez

deidre bossa we were just talking about alibaba in the unknown, regulatory landscape and here we are talking about the potential de-listing and yes, that could be the extreme penalty here, but the fact that it's even on the table is shocking. >> on the table, yeah. >> yeah. guess who else owns a piece of didi and trial i banna and tencent and two of the poster children with targets on their backs and the cybersecurity authority of china and it is basically free to do what they want, and i've said this before. when i think of the world we lived in 20 years ago when resources in oil, specifically were important with strategic assets and data is the new oil and guess what this reminds me a lot of crackdowns wooe seen in other countries especially in places like russia. i hate this, and at first -- i've said this, i'm not adding to any chinese investments here. i don't think they're going to kill the golden goose. i do think that different companies have got know religion and two days after they raised 4.4 billion, it's a $10 stock and no signs of letup and clearly, this is a message tha

we'll see how it shakes out, deidre >> yeah, we will feels like a playbook emerging here, julia.is it getting more difficult for regulators to argue this monopoly argument especially we got the headline this morning that tiktok has become the first non-facebook app to reach three billion downloads. >> yes and new data out of censer tower, they are looking at tiktok plus duay, the chinese version of tiktok, surpassing three billion downloads what's amazing about this statistic is only other apps to have gotten that many downloads are four fischer appears, the core facebook app plus messenger and what's app and instagram remarkable to see that fischer has such strength but also, deidre, if tiktok is making gains that's a good argument for facebook to draw upon defending themselves here. >> yeah, it's a point, although we know byte dance is facing scrutiny. >> hard to keem them strait. so many cross wednesday. meantime jpm says marvel on the broadcom with the top spikes in the semiconductor they also like intel, nvidia and micron more "techcheck" after the break. me after time. gold

thank you, deidre, i think the setup is quite good if a sense we're looking for a macro-catalyst or akdrop that's positive. we have that it's a very defensive tilt to the market right now defense areas of the market, you fits and staples acting well two, we have an event, earnings. three, just as you said, pepsi just popped on its earnings. let's look at coke the first of four charts the first is a two-panel chart you are looking at coke, three weekly bars. the bottom panel is what i want to focus on. the relative performance of coke to its peer group to clorox, colgate, pepsi that relative strength line is starting to curl up. that's impressive, developmental. we think it's important. now the next chart just coke, itself the setup here, a nice ascent, very orderly since the pandemic low and the potential for a breakout here o'wouabove the tos let's drill down a little tighter. next chart so this is the two-year chart you see the same annotation by me, drawings it puts if play, the fact that coke, not pepsi is still below where it was when the pandemic hit. then the final chart just t

deidre bolton has all the details. deidre, good morning to you. >> reporter: good morning, whit.is a big part of that. ♪ >> reporter: nothing says summer more than grilling outside. but do you have the right grill to bring the heat this holiday weekend? "consumer reports" putting more than 250 grills through lab and real-life testing. paul hope with "consumer reports" says there are many factors that go into calculating their ratings like preheat times, sturdiness and ease of turning on the grill. but a key feature is making sure the grill cooks evenly. >> one of the first things we do when we test gas grills is wire the surface of the grates with thermocouplers. that allows us to map the temperature. >> reporter: what should you look for if you're getting a new one? >> first thing is size. smaller grills typically do a good job for two or three people. midsize is nice for family. larger is really great for entertaining but it will burn extra gas unnecessarily if you don't have a big family. >> reporter: "consumer reports" top picks for midsize grills is a tie between this even e

good morning, deidre. >> reporter: good morning, cecilia. by one big measure the u.s.at the second quarter that the us. economy has completely recovered from the coronavirus shutdown months ahead of schedule. the reason why, we are all spending more and that is helping. so the number came out to $19.36 trillion, topping its pre-pandemic peak. now, economists say if not for those widespread product shortages and supply chain issues, we would have all spent even more. we're spending more on restaurants and traveling, so vaccinations, government aid and just the broader re-opening is helping. now, as for the future, there are a lot of questions about that delta variant so you do have some economists concerned if it does spread, holds people back from spending, that will certainly affect the bottom line. guys? >> definitely will. deidre, thanks so much. >>> coming up, that young mother giving birth, listen to this, to a record nine babies at the same time. we'll hear what she's saying about her big new family. >>> also this morning, a one-on-one with the duchess of publish

the more they invest that that, the easier it will be deidre for them to have the defers against >> asazon has become keep in mind it's the second largest private employer in the country. there is more scrutiny and certainly we heard and seen from lawmakers and regulators on this front so really important theme going forward for andy jassy's amazon. a reminder, if you missed the bezos show follow the podcast, listen any time anywhere available wherever you download podcasts "techcheck" is back after one last break >>> tonight the investigation into what went wrong in surfside florida, more than a week after the craps. what to expect as millions hit the road for holiday travel. the facts, the news with shepard smith. 7:00 eastern cnbc >>> i'm jeff bezos. >> and what is your claim to fame >> i'm the founder of amazon.com. >> dot come. >> this is day one, the very beginning of what charter covers. >> are we set to go. >> bezos founder of amazon.com. >> we offer 1.1 million books six time as many as the largest book store. >> in the spring of 1994 i came across the startling stask things r

he spoke to mark zuckerberg yesterday but deidre >> he spoke about the medaverse, which raises a whole other slew. if you can't do it in 2 d, you'll get a lot of heat, how do you expect to do it in 3 d also coming up, we have intel ceo pat gelsinger. stay with us 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. >>> chinese education tech names are getting hammered this morning with some stocks down as much as 50% take a look at that board. bringing in eunice yoon. where and when would this crack down stop but it seems to be engulfing more sectors >> that's right. just in the past couple hours, five companies, tal, new oriental, wyq, cme.

that's why many of the retail traders are still waiting for m.o.a.s.s., the mother of all squeezes deidremes display on the show. one of ours producers got clever and hughes add hockey meme he is not using the right teams. i'm not saying, kristina he should have used because it's painful -- so painful for us >> that's a meme in itself, the failure right there. >> let's get to "the half. >>> all right guys thanks much welcome to the "halftime report." i'm scott wapner front and center be how to play the drop in rates, whether it means stocks are in trouble or setting up for the midsummer rally. we debate that blackrock rid reader excited to have him on. liz young, steve weiss, josh brown, let's check stocks first and foremost down sharply, cutting losses the 10-year touching a new near-term low. the 19.29. dow down about 250 right now liz young, the question is what's requesting on with rates?

not registered with them either and another ceo running robinhood securities who is registered's deidreyou mentioned, adds to a long lichte of other inkwurpies revealed originally in robinhood's s1 executives have requests for information and subpoenas regarding trading restrictions around gamestop from january quayle from doj, s.e.c. and states attorneys general order flow remains another uncertainty for robinhood as it goes public tomorrow, and the rest of the brokerage industry this week analysts add now constructs adding if regulators banned payment for order flow, robinhood's revenue severely affected, creating an alarming way for investors. also implies it can keep up with coronavirus growth dogecoin rallies and elon musk on "snl. jon? >> i'll take it, kate. dentally a risk factor to watch tonight and tomorrow >>> meantime, hear from alissa sue. don't go anywhere. 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 comfo

. >> just a spectacular story, deidre and it's interesting how much it seems to be a reflection of thenvironment at the time as much as it is about a story about adam newman and wework >>> meanwhile, a lot more tech check straight ahead stay with us this is dr. arnold t. petsworth, he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he needed more space. that's when dr. petsworth turned to his american express business card, which offers spending potential that's built for his changing business needs. he used his card to furnish a new exam room and everyone was happy. get the card built for business. by american express. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. >>> a province in central china is under water today after torrential rains caused

>> deidre, thank you. the legal ramifications are something we're watching. joining us now is areva martin. good morning. thank you for joining us. can employers legally require employees to get a vaccine? >> the simple answer is yes, an employer can require its employees to be vaccinated. there's actually a supreme court case dating back to 1985 that case dating back to 1905 that upheld vaccine mandates for smallpox in the state of massachusetts. we've seen federal courts both in texas and indiana uphold mandates implemented, one by the hospital in texas and a university in indiana. >> i think a lot of people want to know too, what protections or options do workers have in this situation? >> there are some exceptions, matt. if you have a disability, if you have a medical condition that would allow you to opt out of a vaccine that may be applicable if your employer goes to a mandate. also if you have a religious belief that prevents you from getting a vaccine, you may be able to use that, but generally speaking, employers may impose rules, restrictions, regul

alphabet i believe clearly there is a lot of positive momentum relating to search and digital ads deidre just mentioned it before, we're seeing positive momentum build in cloud services. so alphabet has been since may of last year outperforming the overall tech sector. outperforming apple, outperforming microsoft. but understand, scott, that's different than what it's been experiencing over the last five years. you've got over the last five years 250% in the xlk, 250% for alphabet but 500% for apple and 490% for microsoft. so i'm focused on alphabet i think that's the clean clear winner i'm curious as to why we see outperformance in apple since june is it the iphone 12 cycle stronger than people think if that's true then you see mean reversion where apple outperforms in the second half of the year. and i'm probably most skeptical. i think the bar is highest for microsoft oop i've owned it a long time. i'm not geing out. but you see a deceleration in terms of revenue growth. about 16%. the best revenue growth comes from facebook and alphabet >> tiff, okay, you own microsoft, alphabet, app

deidre bolton joining us. a beautiful shot. fireworks in my honor.i join you. thank you. >> and new york city, too, just for you. >> but we do hope that you had a happy, healthy fourth of july, we've got a lot to get to this hour, we're actually going to begin with some breaking news overnight from surfside, florida. >> a huge pile of rubble is all that is left from the condo building which partially collapsed, so it was demolished last night. allowing for the search for victims to resume. right now, the death toll from the disaster is at least 24 people, with 101, 121, rather, unaccounted for. >> the decision to take the building down was made as tropical storm elsa approaches florida. it's not expected to have a direct impact on the surfside area, but high winds could have caused problems for search crews. what had remained of champlain tower south in surfside, florida, after the deadly collapse on june 24th, brought down by demolition experts, sarch and rescue efforts have been paused, as crews prepared for this demolition. >> over the past 48 hou

deidre has been following that and joins us >> hey, carl well, scrutiny of tether has been rising for exploded in popularity this year so that scrutiny has intensified. it's now the third largest cryptocurrency by markets cap and the trading volume is nearly double that of bitcoin, but its use is different than a bitcoin. its function over speculation versus a bitcoin or dogecoin or ether. the poker chips, if you will, they have also been called the weak link of the crypto economy. questions surrounding the backings or reserves and there has been more questions on stablecoins at large from people like janet yellen to jay powell to gary gensler. they are calling for more regulation of stablecoins. i sat down with two tether executives in a rare mainstream interview last week to get more answers on everything from what makes up their commercial paper to when we might finally see an audit, something that they have promised for years have a listen to part of it. >> just to follow up on the audit, i know that you said you would be thrilled to be the first sort of crypto company in stableco

deidre bosa has the latest. >> the latest, according to bloomberg, could bring criminal charges againsttedly focuses on when tether was not used as widely. it now depends on more than half trades and has a market cap of $62 billion. more recently, questions have been build ing as was earlier marketed majority by commercial paper last week i sat down in a rare interview with two tether executives and tried to get to the bottom of what that commercial paper included. have a listen. >> when you say international commercial paper, are you willing to give us any more details, chinese commercial paper is thought of very differently as canadian commercial paper. >> as retail facing entrepreneurs, and we believe we've given transparency into that. >> $62 billion market cap may make it one of the largest paper h holders in the world and fitz ratings has warned it could destabilize short-term credit markets and many have said tether could be the weak link in the crypto economy back to you. >> we've seem like we need to get cracking on this don't you think, deirdre we're behind we lead in everythi