i'm deirdre bosa with jon fortt.arl has the morning off coming up on the show today, "return of the jed di. na nasdaq hitting another high. and a deep dive into china's crackdown on its own tech industry and what it means for stocks that already trade here in the u.s., jon >> start with department o defense canceling a $10 billion cloud computer contract that led amazon and microsoft into a legal battle d.o.d. awarded jedi to microsoft prompting a swift protest from am amazon i spoke to the current amazon ceo and former aws chief andy jassy about that in december of 2019 here what he told me. >> we obviously don't believe that jedi was adjudicated fairly i think that anybody who does a detailed apples to apples comparison of the platforms don't come out in the same spot that that procurement did and most of our customers tell us we're about a couple years ahead of anybody else with regard to functionality and maturity there was significant political interference here. when you have a sitting president who's willing t

i'm deirdre bosa with jon fortt and julia boorstin jeff bezos speaks to cnbc, that happened moments ago, a rare interview as the richest man on earth returns from a historic flight to the edge of space. the investing landscape, that's coming up this hour. we'll talk some ibm after big blue posts its strongest revenue growth in three years. and the ceo of global boundaries is with us asking the same questions that we are about a deal with intel. julia? >> two more stocks we'll hit this hour. apple is reportedly investing money in its own original content and real estate to build out that content and netflix earnings are coming in just a few hours. jon? >> let's start with the market, coming off a sharp sell-off for stocks we're seeing a nice rally now. the dow is up 500 points as we wait for jeff bezos to reach the podium to talk about what happened with his trip let's see if yesterday's steep drop is seeing a bounce today or what mike santoli has got some answers. mike, we haven't made up the ground that the major indices lost, except maybe the nasdaq has. it kind of had the mildest day

i'm deirdre bosa with julia bosun. we have joanna stern of the "wall street journal" joining us for the hour as well today, we're going to be talking more chip consolidation as intel is more aggressive in semi-conductor manufacturing >> then, is it time to get bullish on square? our next guest says buying the stock today is like buying jpmorgan in 1871, and later, is an apple turnover coming employees are upset about tim cook's remote work crackdown >> shares of google after a high-profile cloud departure, and tesla, as elon musk admits the cybertruck may be a dud. >> all those stocks lower this morning. deirdre. >> and we are coming off a big week of bank earnings. we start with fintech pushing further into crypto services jack dorsey tweeted that his payments company, square, plans to launch a new platform making it easier to, quote, create noncustodial, permissionless decentralized platforms focusing on bitcoin the latest in square's moves into the technology. the company is also building a hardware crypto wallet an

i'm deirdre bosa in for melissa lee. tim seymour, karen finerman and jeff mills and hello, everyone thrilled to be here. we might as well get right to it markets losing steam in a big way at the end of the session with the s&p closing near the lows of the day. all three major indexes snapping three-week winning streaks strong results overshadowed by inflation concerns the latest data shows the inflation expectations at the highest level in 13 years, guys. so does today's action raise a warning sign for stocks? tim, let's start with you. how are you reading this going into another busy earnings week? >> well, first of all, deirdre bosa, you know, welcome to the show and i think we now have to -- because we have nicknames and i think we need to crown you as deebo. i think this is from the ambassador or from the icebreaker, bonin and eisen or from the chairwoman, karen finerman welcome to the show. we have been talking all week about some of the disconnect between the headline indices and where you're seeing an approach to

it's like lily pulitzer is people are going to pay for it it's brilliant deirdre bosa, casey newton andhikami. >>> it's pack after a one year hiatus scott cohn is in this year's winning state and he's going to bring us another clue. scott? >> business is just flowing into this state, kelly. imagine that we go to great lengths to measure the traits, all 50 states for competitiveness we will tell you about how our methodology has changed this year in this watershed year, and we'll also have another one of our diabolical picks when "the exchange" ntuecoins. knowing he'll be okay. goes a long way. this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire. and lincoln financial solutions ♪ ♪ ♪ 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. i'm dad's greatest sandcastle - and greatest memory! but even i'm not as memorable as eating turkey hill chocolate peanut

i'm carl keenquintanilla with deirdre bosa and jon fortt kevin mayor as china tightens is grip on its own tech giants. and disney domination as black widow wows at the box office, but on disney plus >> and welcome back. we're watching shares of virgin galactic as well you heard from morgan, 20% swing for that stock but now it is deep in the red after that pop at the open the ceo of dropbox on "techcheck" exclusive coming right up. >> and the markets get a bump. the s&p matching its 38th record high of the year on friday, more than 7% turn around from the may 12th low nvidia, microsoft and tesla joining the faang stocks eight companies responsible for more than half of the index's gains. this as the nasdaq ticking down slightly after touching an intraday high earlier this morning. and here with his outlook on big tech's bounce, founding managing partner and former gv and comcast venture partner lo tony. good morning >> thank you for having me. >> i'm trying to figure out what investors should take away from the sort of, i don't know whether to call it a head fake there was this sense t

i'm carl quintanilla with jon fortt, deirdre bosa and julia boorstin the fragility of the tech rally. is a reset coming ahead of earnings apple is eating everyone's lunch, legendary venture capitalist vinod khosla will weigh in netflix won't chill, planning an expansion into video games, d. >> we'll start on markets. tech stocks continue to print record highs, but some are calling this a fragile bull market let's bring in mark santoli for more right as we're heading into earnings, some are arguing these stocks are priced for perfection and there is risk in that. >> you know, i think it depends where you want to look in terms of whether we're talking the very largest nasdaq stocks, which have had this great run and have carried the market for several weeks right now in which you have to say, yes, they look like they have kind of rebuilt that big valuation premium but they're not where they were late last summer in terms of dominating the overall market move and being aggressively values, even relative to the earnings contribution. so case by case the setup might be difficult because th

deirdre?probably eventually pay what bitcoin does if dorsey has his way. >>> "operation blizzard" back in the spotlight following a lawsuit alleges culture of sexual harassment at the company. the ceo responding to growing employee backlash and internal note he expressed remorse over not providing "the right empathy and understanding. his response comes as hundreds of many employees gear up for a walk-out today to pressure the company to do more to address a host of issues including unequal pay, gender discrimination and harassment activision faced this over the last few months, a frat boy workplace culture, quote/unquote, and now this lawsuit. shares seeing a dramatic dip as the news broke. >>> more "techcheck" after this. 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. competition beat us again. how? they have a better fina

could there be some opportunities here >> thanks for having me here, deirdre.hard tech versus soft tech is an important distinction here in the last week, the last week and month, china has gone after food delivery as you said. tencent announced they would not be allowed to sign up new users on their wechat platform due to a data privacy situation this is the biggest messaging app in the world these are all consumer facing apps that essentially provide some value in your leisure time, help provide some service in your daily life. there is a really good piece by noah smith, looking at the fact that all of these actions under the guise of antitrust may be reshaping the chinese economy and pushing investment, pushing talent and capital towards hard tech semiconductors, biotechnology, core artificial intelligence and huawei, companies like this have not been hit yet. have not -- they're just as friendly with the government as they have ever been before so i think for american investors, it is really important to, one, make that distinction between hard tech and sof

. >> is it possible for us to call up the unbelievable interview that deirdre bosa did last weekend. it was astounding. if you left there and you thought, you know what, i wish deirdre bosa had subpoena power because it seems opaque, you know who does have subpoena power, justice department. they got unlimited resources and we definitely have to look into this because i thought that if you listen to deirdre and you were the justice department, you would place a call or if you're gensler these guys do stable coin, in which they're very unstable. new york state does not allow them to do business. they had an 18 mer$18 million fe remember, tether is about 60 -- what, about $60 billion in stable coin, and about tim basset who used to run the cftc said look, these are the guys they're worried about. and well, criminal probe, they're much bigger than people realize. >> implications for commercial paper and a few other things as well. >> i couldn't find anyone in this commercial paper market who actually does business with them where is that commercial paper, and is it chinese commercial pa

i'm deirdre bosa in for melissa lee. here's what's an tap tonight >> you can have a coke, but can you have a smile carter worth thinks so the consumer staples giant on deck to report next week and we'll show you why and how to play it >>> then -- tonight, we're taking more of your twitter questions. but first, tony zhang is going to show you how to trade twitter itself >>> finally -- moderna being called the tesla of drug makers. that's a lot to unpack, but mike khouw is going to take a shot at it it's time to risk less and make more "options action" starts right now. >> coke out with quarterly results next week. like the consumer sibling pepsi it could be poised to pop. carter worth, explain. we were talking about in the opening trade. just a little more on the go drinks >> that's right. well, thank you, deirdre i think the set-up is quite good in the sense that we're looking for a macro catalyst or back drop that's positive and we have that there's a very defensive tilt to the market right now interest rates are down a

it is deirdre. have you seen any indication that beijing could turn its scrutiny toward american companies? it seems the opportunity is there, particularly for companies like apple and tesla that get a lot of their revenue and growth from that market and even when you look at how badly u.s. sanctions have hurt huawei, another one of china's biggest companies, though not public, there was no retaliation against apple. >> well, i think it is in the u.s. and china's best interests on both sides to create a win-win. it slows both economies down if there is too much friction i think that chinese leaders are sending a message they're going to exert influence over their own companies, but also the american companies in china, and i think the major thing for an american company doing business in china is the reasonably level playing field. they'll never be perfectly flat. is it reasonable are you sure you got your intellectual property protection in place and is it worth the investment versus the unpredicta

deirdre, good morning. >> reporter: good morning, terrell.ery chain ceo says prices will go higher before they go lower. bacon, dairy products, eggs, just a few of the items that you're probably paying more for. >> we did notice the dairy stuff was going up. i'm sure we're not seeing it all. >> usually spend, you know, maybe 20% more, 10% more. >> i'm still a big believer in the brick and mortar business. the stores we do shop are based on, you know, quality as well as, like, cost decision. >> the cost has gone up especially we shop at whole foods and anything organic is expensive. >> reporter: prices for consumer goods rose for the third 5.4% year over year, the biggest jump in 13 years. the ceo of grastiti's grocery chain in new york city says the prices are higher now and will go up more in the next four weeks. he expects dairy prices will raise another 18%. he expects meat to rise another 10% to 14% by september or october. he says one big reason for price increases, rising fuel prices. >> one of the temporary solutions we have come with,

i'm deirdre bosa with jon fortt and julia boorstin carl is off. today, one of the most compelling stocks in our coverage, why btig is so bullish about airbnb this morning. microsoft has a new street high today. why citi says its 30% upswing is still ahead for that stock and blizzard alleging culture of sexual harassment, the latest on that developing story. >>> also this hour, calls on snap, twitter and intel ahead of earnings tonight analysts are predicting a big drop for one of those names. we'll tell you which one in a moment >>> for now, let's start with that bullish call out of btig, taking airbnb up to a buy, price target of 170. the stock was over 200, but at sub 140, that's a different story. they argue the uncertainty around the delta variant creates an attractive entry point and that airbnb is better positioned than peers if people become wary of hotels and cruises again. the hang-up, though, for them, still valuation, even at this subtracted entry point. >> valuation compared to the travel industry. the otas, right, expedia and booking.

i'm deirdre bosa with carl quintanilla, jon fortt and julia boorstin this hour, robinhood goes public we're live at the nasdaq with every angle on that ipo. latest indications there, 39.25, priced at 38 bucks early investor jason calicanis weighs in. and scott sandell joins us as well and comcast chairman and ceo brian roberts is here as is qualcomm's ceo cristiano amon. and we'll talk about the fraud charges against ceo trevor milton facebook, didi, amazon, in what is an absolutely packed hour, jon. i don't know hour we're going to get through it all it will be fast, it will be quick, but there will be a lot to get through >> yes, we will get it all done, robinhood, though, is where we will start leslie picker is at the nasdaq with the latest there. leslie >> we're starting to get some indications coming in, still $39.25 at this point in time that implies about a 3% gain from where the company priced its shares last night at $38 a piece. it is something that we will be watching closely today because as the indications have been coming in, they have trended downward, first one came in

abc's deirdre bolton is here with more. good morning, deirdre. >> reporter: good morning, eva.o the college sports landscape since title ix, the gender equity law that was put in place almost 50 years ago. from football to basketball, to volleyball, swimming and diving a big change is here. >> this is a historic moment for all student athletes and generations to come, so i'm very excited to be part of it. >> reporter: for the first time ever college athletes can sell the rights to their name, images and likenesses removing a big restriction. >> they still cannot be paid by their schools. that hasn't changed, but they're now able to enter into contracts with all sorts of companies. there are all sorts of possibilities. >> reporter: between tiktok, instagram, youtube and twitter, fresno state basketball stars hanna and haley cavinder have followers in the millions. the twins just signed a deal with the phone company boost mobile. other athletes signing deals with petsmart and milo's tea company. >> every single athlete in their own unique way can profit off their own image and li

deirdre bosa has been following the story. deirdre? it to shut down the report, quote -- the rumor is not true currently the company is actively and fully cooperating with the internet security investigation. the backdrop is a group of investors have see is the value plunge, and it was warned by the regulator that it should delay with the listing plans, and went ahead anyway there's lawsuits against the company, the underwriter and the board. one early investor tells me he would prefer for them to wait, but the key question is, who would likely be that >> deirdre, as we are talking about masasan, there's more fallout related so softbank. >> yes, this convoluted connection sources tell me that softbank is behind the large block of uber shares being offered to the market, in part due to losses that it's suffering over the didi stake rovers, softbank has seen its stake fall into the red, and the portfolio is under pressure and other names, alibaba, and other stock versus sold off as well. they may have provided some liquidity, but recentl

. >> it's a great currency deirdre, i chuckled.ow, you think you know about zoom and you read something about how, you know, zoom and 5nine together are an attractive opportunity to com combine ucast. in my head it smells funny >> right and it's all a play on sass. these are some of the most attractive companies over the pandemic and every state home play is trying to figure out how to get beyond the pandemic. and it's clear that zoom has been thinking about this for a while. they come up with their hybrid products like zoom phone and zoom room. and i remember just a few months into the pandemic as well they had some questions or issues around encryption and security and we reported saying, oh, maybe this is a chance for the other big players to get involved and take market share that didn't happen the management has been extremely good at getting ahead of not just perhaps problems that are confronting them at the moment but getting past the pandemic and making them this unified communications play that goes beyond stoay at home an

. >>> let's get straight to deirdre bosa, who has the details. >> melissa it's that top-line miss, and its revenue guidance for the third quarter that has that stock sinking in the afterhours. i also just off the phone with amazon's cfo he said the step-down in growth is likely to persist for the next few quarters. of course, last year during the pandemic he said once he lapped growth on may 15th, see the business growing mitt teens perks. he also said that they are still aiming to return to the office in september and amazon will not be mandating vaccines this is a bit of a depar, but keep in mind amazon is the second largest private employer in the united states a vaccine man dade from the company would be a much bigger deal, perhaps also trickier. he said wages are one of the biggest elements of inflation right now. he told me the step up was due to demand bouncing back. the call, as you said, melissa, kicks off in about 30 minutes. this is the first quarter with andy jassy on the helm bezos was not on the call for years, we'll see if jassy is back to you. >> this is the last quarte

deirdre bosa has the details for us dee?low the ipo price, but the fallout is broader than didi the ridesharing company's biggest shareholder fell at the start of the week, uber was lower on today's session as well jd.com, pin duo duo as well, fall as much as 6% even alibaba has faced the authorities and paid the fine, and it's -- so the question is how far will beijing go on this crackdown >> dee, thanks so much >>> jim bianco, is this a big surprise to you? is it going to be a big blow to china long term? >> i think it's going to be a devastating blow to china. china's they've had a quasi-capitalist growth here, they've felt threatened by it and now they're cracking down on it it's not just didi, but what they have done to jack ma, ant, even chasing some out of the country. i think if you look at this in collective, whatever else they do next week, next month, the grand total will be it will cost more to do business in china, it will make them worse off in the long run they have made a grave, terrible mistake about what th

good morning again, deirdre. >> reporter: great to see you, will.zes and i spoke with the ceo this weekend. he said he's really thinking most of the businesses that have 10 to 12 employees. it's part of why they hire kaseya in the first place. in other words, they're not big enough to have their own i.t. department. the silver lining, though, is that kaseya shut down the system pretty quickly as soon as it suspected a breach. so less than 1% of the companies' clients were affected. as to who did it officially unconfirmed but reports from independent research groups cite the group that hacked jbs earlier this year and demanding payment or ransom from the affected companies, and kaseya is helping out its client companies by working with the fbi. now, as for protecting yourself or your business, here are four tips from the experts. continuously rotate your passwords. do not use the same password on every application. make sure your system is up to date so that it's to say download updates then pay attention to alerts and analytics. so call your provide

i'm carl quintanilla with jon fortt and deirdre bosa the second half playbook for tech stek tech and opportunities to watch for the last two quarters of the year the ceo of micron will sit down with us in a moment. and later, amazon takes on the ftc, the latest on that fight as big tech pushes back, d. >> and, carl we're also keeping an eye on those debuts that we brought you yesterday. didi clear, sentinel one, all showing two-day gains. legal zoom is going the other way for now this morning >> and the string of record highs to close out the first half of the year with the nasdaq nipping at the heels of the s&p on pace for its second best six months since the dotcom era. josh lipton is live from the nasdaq with the wrap on tech's first half >> let's start with faang. digging into the names there interesting moves. facebook and alphabet, for example, they are charging higher so far in 2021. different story, though, for apple. that was its worst first half since 2016 a nice month for the bulls there, popping 10% in june netflix, by the way, the worst of the pack so far this year as fo

deirdre, good morning. >> reporter: good morning, whit. the delta variant throwing a wrench in many companies' back to the office plans. from hospitals to big banks and more than 400 colleges and universities, some are demanding employees get the vaccine. >> i urge every employer go to whatever form of mandate you're comfortable with. it will help us fight covid. >> reporter: this week, new york city mayor bill de blasio pleaded with private employers to require vaccine requirements. it's not the only city. san francisco is requiring all of its municipal employees get vaccinated once the vaccines receive full approval from the fda. >> it was important for me to make sure that we set an example with our workforce. >> reporter: the nfl sent a memo to players strongly urging players to get vaccinated saying teams will forfeit and be slapped with a loss if a game is canceled because of a covid-19 outbreak among unvaccinated players, and neither teams' players will be paid. morgan stanley and blackrock will bar unvaccinated eployees from their

i'm carl quintanilla with john fort and deirdre bosa.l street is bullish on apple as the stock hits another all-time high today. plus, cathie wood warns of a major megacap slow down and bails on chinese tech. facebook joining in with amazon asking the ftc chair to step away from its own anti-trust investigation. >> and meantime, carl, tech is firmly leading this rally. it was the only sector in the green yesterday and setting a new all-time high again this morning. semis boosting that action led by the likes of skyworks and qualcomm and we have some news out of microsoft more on that in a moment, jon. >> four bullish notes out on wall street. citi reiterates its buy rating jp morgan adds the stock to its focus list takes it up to 175 apple reportedly asking suppliers to build as many as 90 million next generation iphones which would be a 20% increase from the levels we saw in 2020 all this coming ahead of earnings and following a report that apple and goldman sachs are testing a buy now pay later service feature on apple pay and that cou

i'm jon fortt with carl quintanilla and deirdre bosa we're live outside the courthouse as elon musk's second day of testimony begins. tesla coming off a big day for the stock. and later president biden beefs up his security staff. we'll talk about the investment pieces for companies in the space. >>> we're watching the banks, both goldman sachs and jpmorgan kicking off earnings season with strong results, both stocks are currently in the red this morning. we're going to talk about methods in which the banks will try to get more competitive. >> yeah, and despite both of them beating expectations, but the question is that where the real growth is fintech is becoming a bigger and bigger threat to the big banks with public companies like square and pay pal rivalling or beating in terms of market caps. jpmorgan is trying to stave off rivals by investing with three acquisitions since december including esg platform open invest two weeks ago jamie dimon pushed for more regulation for the companies he also tried to share some optimism on today's earnings call saying while the competition is v

whit. >> all right, deirdre bolton for us, thank you so much. >>> coming up here on "good morning americais awarded in women's tennis. the interviews you'll see only here on "gma." "gma." jake from state farm, i'd like to formally extend my gratitude for the russell rate on my insurance. do you mean surprisingly great rates from state farm? i don't believe in accepting help. these prices are for everyone. with the oak and the eagle as witness, consider us square. i made that from memory, i know your face that well. when you want the real deal... like a good neighbor, state farm is there. life... doesn't stop for diabetes. be ready for every moment, with glucerna. it's the number one doctor recommended brand that's scientifically designed to help manage your blood sugar. live every moment. glucerna. todd! hey, wait. i can't just stay here and wait for you to figure out what you want. i just need a little more time. how are you still so unsure of this steven? what am i supposed to do? leave my family? -yes, people do it every day. -stop overthinking it steven! book the bachelor party in veg

abc's deirdre bolton has more. >> reporter: "the new york times," google, facebook, twitter, uber, lyftthe delta variant. >> this version of the virus, the delta variant, it's as or more contagious than chicken pox. >> reporter: the chief executive of "the new york times" company wrote to an email to staff on friday it's not ready to specify a new date for a full reopening adding that employees would have at least four weeks' notice before the return ask. >> all of the employers are getting together scratching their heads trying to come up with the solution. >> reporter: for many workers they remain in limbo adding stress to what has already been a difficult year and a half. >> we're going from same to same to same and then you're going straight into household duties, and there just aren't that many breaks anymore between the workday and the home life. >> reporter: during this time, one expert says companies with good leadership embrace one key concept. >> clarity, clarity of policy, clarity of support, clarity of things to support people in the home environment. >> reporter: for some,

deirdre with the latest on alphabet karen, you're watching this closely. what do you think of these results? >> just the revenue beat is enormous and already going in, the bar was so high, and if i had to bet yesterday, i think i said, i think google is going down almost regardless of what they announce given how much it's run up regardless, except if they put up a quarter like this it was just astounding i mean some of the other things that deirdre touched on, google cloud. at some point we could see that number become positive but the revenue beat is so astounding just one other thing i want to highlight that i thought was interesting, the repurchase that they finally made -- you know, real money towards, they said they will buy class a shares and class c and the gap between those two at one time was negative it's gone very far the other way. that will close the gap. the class a shares will do much better tomorrow than class c shares >> the reason why karen said down no matter what is because of the massive run we saw going into this quarter, particularl

bugler's dream" playing ] ♪ ♪ ♪ ♪ ♪ ♪ >>> you've got more on that uber story we brought you earlier, deirdrerom two sourcs familiar that this is soft bank selling a significant portion of its uber stick to make up for losses that it has seen in chinese ride hailing company didi remember that didi recently went public and amidst the crackdown from beijing has lost a lot of its value. stake has decreased by about $4 billion, so when i'm hearing is that soft bank is now selling a substantial portion, 45 million shares which represents about one-third of its uber stake to make up for those losses in didi we will get more details when they file the -- but for now, sources are telling me this is soft bank going to market. >> deirdre, thank you, tim seymour, we were talking about the chinese crackdown, you mentioned softbank specifically. and we're all wondering who would have felt the most pain with this massive liquidation of chinese tech stocks and here softbank is feeling some pain apparently. >> >> yeah, no question, and there were a lot of questions of were there big accounts. in this case th

deirdre bosun is here with the bolder implications. high deirdre >> hey, kelly. for didi those risks should have been well known. 15 pages in the prospectus relating specifically to doing business in china. before didi there was a crackdown on alibaba and other tech giants including didi itself xi jinping is sending a message that control and data protection, national security more important than having groebl champions for tech companies. that has hit other chinese companies listed in the u.s. but the fallout could be even broader. the story isn't done shares of soft bank, they were off 5% on monday in tokyo they recovered a little bit yesterday. youtuber holds the second largest stake. there could be a trade off here. meanwhile several sources are telling me that the crackdown could also affect tiktok parent bytedance, the first chinese company to really succeed in the west i'm tolding that its listing could be delayed until 2022, and its valuation in the private market may take a haircut, a valuation i'm hearing was as high as $450 billion back to didi, there

mike santoli, deirdre bosa with the latest on the tech crackdown. michael, we'll start off with you. >> scott, firming up throughout the day. an upward grind, not a sprint. it's the second friday in a row where there was this kind of all inclusive levitation rally we managed to be a little more positive than negative i've been looking at where we came off that february to march sideways period we were in for a while. you made a high in mid-april around 7% higher a three-week run higher to the next stair step. that's what you want to look out for. just when things get a little bit overheated i don't think it really qualifies yet. the problem has been the opposite, not enough stocks working. the russell 2000, ten-year at the russell 2000 while it is flat today it has been sideways since february i want to do a long-term look because this index has gone two years of doing nothing a couple of times not to say that's what we're in for here but it doesn't tell you a whole lot what the rest of the market is up to, what the s&p 500 will do if the small caps

good morning, deirdre. >> reporter: good morning, michael.orner. >> pens, pencils, binders. >> reporter: and with more classrooms fully re-opening experts say in a year plagued with product shortages and supply chain problems, demand will be high especially the longer you wait. >> if you're a family out there wanting to get all of the school supplies, but usually wait until maybe a week or two before school, that's when it's going to become a problem. >> reporter: and even with rising prices, according to the national retail federation's annual survey, consumers plan to spend record amounts for both school and college supplies. families with children in elementary through high school pan to spend an average of $848.90 on school items, which is $59 more than last year. tota back-to-school spending is expected to reach a record $37.1 billion up from 33.9 billion last year. >> as you get closer to the back-to-school season and that demand for product goes up, more than likely you will not be able to find what you need. >> reporter: what can cons

deirdre bolton has the details. deirdre, good morning to you. >> reporter: good morning, whit.a product is associated with summer, chances are get a good deal. from outdoor grills to patio furniture, to coolers, major retailers are offering sales on everything you need to celebrate in style. >> the hottest category of sales for fourth of july is really going to be a lot of the staples that you might have if you're hosting a party. >> reporter: for your picnic or barbecue, target offering igloo coolers at $19. home depot offering a nexgrill five-burner for $198. >> record lowest prices for 12-packs of soda under $3 a target. >> reporter: in 2019, pre-pandemic, americans spent $6.5 billion on the holiday, 84% of americans say they will celebrate and the total spend is likely to be in the same range. retailers are vying for your dollars beyond the holiday weekend too. >> every online shopper is having a deal. go ahead and bookmark that retailer because inevitably something will go on sale. >> reporter: major retailers, like macy's and best buy, have markdowns as high as 40% and re

the current example is deirdre henri.his platform, he won't be on there. there are benefits, but there is a negative side. this negative side that keeps popping up, it just confuses me because it's almost to say how could you see there's not anything that can be done? it really confuses me. we see all the time at the moment, a covid notificaion will come up straight away, and i'm not trying to compare the two situations, but they put things into place to make sure they can instantly react to stuff. why is that not the case for other situations? especially when, and this is the most recent situation, but the monkey emojis, it's almost as if they've completely forgotten. imagine how any black person reading that feels. that's the element that's not spoken in out enough. henry? the bill came in in march. certainly, the draught of it. it's not simply about i online abuse, there are other elements. one of the key things| which comes onto the statute books, the government can find that the tech giant, - 10% of their annual glob

we had deirdre bosa ask about transparency in an interview last week. >> as you noted from our public disclosures, it is overwhelmingly rated a-2 or better we think that's the key thing here we think that transparency with the market and how the market mass spoken and decided here is what's really important. >> guys, back to you. >> what else do we know about this potential amazon posting an by coin, which seems to have sparked quite a move is there any real indication that amazon is working on something with bitcoin >> it hasn't been confirmed by cnbc, but it seems to have added to the sentiment amazon already has a blockchain business on the cloud side folks were saying it's unlikely if they're just hiring they could roll something out by the end of this year, and some of this was based on folks they've hired, but any of these big tech companies getting into crypto is seen as an extremely bullish signs, portland through other things like shorts liquidating, that long term is a bit more bullish, and at least confirmed for now. >> as cramer said, if any company will get your attention

deirdre? >> it has been doing well.esults, subjecting it should bode well for doingle. and it ruled out its tiktok competitor cloud is another area, of course, we will be watching the street is looking for a earnings per share of $56.2 billion. back to you. >> it's close to the upper end it -- on the books, in fact, you wonder why there isn't more pressure out there for them to do an apple style it's close to 30 times earnings. >> it did not participate as much in the 2020 rally it'ssh a giant this year some of the numbers are worth recounting again i mean, mike, they're just so enormous it's almost hard to comprehend yeah, these five stocks, almost a quarter of the s&p potential action coming in washington, shannon, is that the right read even though you do have tougher cops on the beat >> it's a wait and see now >> you saw what happened with facebook last month until you can unseat them, even in an environment where everyone was expecting digital engagement to be down, now that we're all leaving the house, it's tough

up about 4.5% on the positive earnings surprises from snap as well as from twitter but it seems, deirdrend the social ad platforms benefit. we have to note that facebook is up 6.5% today on the -- the credit suisse note as well as the twitter and snap earnings. and alphabet we hear from next we can, the shares up 3% as well so the optimism is high going into those big earnings next week, dee. >> it is and of course the ad story on social media but also you mentioned alphabet and google, the cloud story, right. we have microsoft, alphabet, amazon all coming up with a lot of questions on can they keep up this growth? alphabet shares up another 2.6%. a lot of the maga cap tech games hitting record highs into the earnings season. back to the theme that expectations are so high can they deliver that could perhaps be the thing that knocks them off the perch or keeps them going. >> meanwhile, julia, one more thing we want to mention, that bitcoin is holding above 32,000, julia, as crypto remains volatile this week just another mention if you haven't seen the live stream with tether ceo and catc

alix: deirdre, thanks very much. appreciate it. the not moving very much. take a look at where -- the stock not moving very much. take a look at where we are in europe. stocks reversing losses. bonds may not agree. after the close, we will be talking about ubs. we will hear from the ceo. this is bloomberg. ♪ alix: stocks finishing up the day in europe. a different color than yesterday. yesterday we had the brutal selloff in the move into the bond market. today still the move but stocks getting a reprieve. reversing four days of losses. the dax up. the cac 40 up .9%. let's dig below the details. it is hard to know if we will have a tear on tuesday. this is a fundamental move. within the markets, basic resources outperforming. commodities are also getting the rebound after yesterday's selloff. at one point fruit was down 11%. -- at one point crude was down 11%. on the downside you have utilities and travel and leisure. that may be more fundamental, down .1%. u.s. travelers may not be able to go to the u.k. there is a constriction between the u.k. and europe o

stocks account for 23% of the s&p 500 three of them report after the bell let's look at what to expect deirdre bosa is looking at alphabet, jon fort is here welcome, everybody start us off. >> alphabet is the best performing mega cap tech name this year. expectations are extremely high. they're even higher after twitter and snap's results last week showed a rebound in digital advertising. alphabet should be poised to benefit from the rebound of search google's investments in its commerce platforms could lead to more e-commerce ad dollars i will also be looking at google cloud. here it is all about growth and gaining market share against the two giants in the space, aws and azure at the expense of profitability. this is still a money-losing unit of the company. clearly a very important strategic one. back to you. >> i think that especially today one additional topic that might be in focus is all of big tech's exposure or dealings with china. these questions about sort of the entanglement, apple's ties are obviously more apparent. alphabet's not so much >> no. google search engine doesn't work,

i'm deirdre. this is amanda.resh off the boat" made a major impact in proving to the industry that a show like this can be successful. >> still to this day, i get people on the street who come up to me in tears saying how meaningful it was seeing themselves represented and feeling like you are a part of america. >> it's a part of a progression of representation in tv. >> okay. so i'm just your standard regular old incredibly handsome, unbelievably charismatic black dude. this mixed race woman is my wife. >> "black-ish" is a family sitcom that is interested in talking about topics of racial identity in ways that television sometimes is uncomfortable about discussing. >> you're not serious about naming our kid devonte, are you? >> i want a strong black name. >> oh, boy. >> because we've given our kids white names, and they've all ended up "black-ish." >> the father feels like his family is losing touch with their roots, and he wants them to sort of know their heritage. >> i want at least one of my kids to end up be

i'm deirdre bosa with jon fortt and julia boorstin carl is off. new street high today. why citi says its 30% upswing is

forjerry and i deirdre in county kerry island, jack deirdre in county kerry island, jack grealish isousins. the kids are showing cousin jack their support _ first cousins. the kids are showing cousin jack their support on i cousin jack their support on whatever canvas they can find. allen 90, whatever canvas they can find. allen go, jack! whatever canvas they can find. allen to, jack! . , ., ., whatever canvas they can find. allen o,jack! ., , ., ., go, jack! harry, we are all rooting for our go, jack! harry, we are all rooting for your here _ go, jack! harry, we are all rooting for your here and _ go, jack! harry, we are all rooting for your here and we _ go, jack! harry, we are all rooting for your here and we want - go, jack! harry, we are all rooting for your here and we want you i go, jack! harry, we are all rooting for your here and we want you to l for your here and we want you to bring _ for your here and we want you to bring it— for your here and we want you to bring it home to moore's bra. we know— bring it home to moore's bra. we know you — bring it home to moore's bra. we

forjerry and deirdre in county kerry island, jack grealish is literally part of the family, albeit distantlyyou can do it. it's good for the country. let's go up there on sunday and bring it home, guys. harry, the whole of the team, you've done us proud so far, one more game to go, let's bring it home. on the shoulders of these local lads are carried the hopes of a whole nation. luxmy gopal, bbc news. are now now it's time for a look at the weather with louise lear. morning some of those showers could be slow—moving with light winds. maybe the odd rumble of thunder. if you de see the best of the sunshine, temperatures will peak at 22 degrees. as we move out of saturday, some of those showers will be quite intense for a time but they will fade away with some clear skies. cloud and rain gathers out to the south—west and another friend is waiting in the wings to arrive slowly on sunday. it stays relatively mild, temperatures in two double figures. sunday morning will start off with cloud pushing into northern ireland, wales and south—west england. decent sunny spells will trigger off some sharp

including another leg lower for didi deirdre bosa has details on the la latest >> a rough go. >> a veryobe, so the shares down an additional, what is it, 3%, recovering a bit into the close. that crackdown continues to pressure other u.s. listed companies, look at the k-web now lower by nearly 20%. in the meantime, guys, the biden administrationwarning that u.s company could also be at risk. biden said, quote, the situation is deteriorating the chinese government is not make its commitment on how it would deal with hong kong. an advisory issued joint byly the treasury, state, and holes departments say it now carries risks. so there are plenty of american businesses that have build up businesses there >> anastacia, if you're a u.s. investor owning alibaba, or bought didi in the ipo, tencent, baidu, what do you do? do you have to get rid of these stocks >> i don't think you have to get rid of the stocks, but you have to acknowledge the risk, realize this period of a crackdown of this regulatory scrutiny, it may take longer. we had seen this a few years ago. it was a short-lived event this

i'm jon fortt with carl quintanilla and deirdre bosa earnings season rolls on for big tech apple, alphabetarket closes today we'll have the key metrics to watch. tesl

i'm jon fortt with carl quintanilla and deirdre bosa we're live outside the courthouse as elon musk's

i'm deirdre bosa with jon fortt.day, "return of the

i'm carl quintanilla with jon fortt and deirdre bosa the second half playbook for tech stek tech and down with u

. >> we're going to be looking forward to that interview, deirdre bosa, thank you. >>> speaking of jeffompetitor is planning to take richard branson to space before him, as the battle of the billionaires is reaching a whole new level. do not miss our interview with michael colglazier in the next 20 minutes futures are pointing to a higher open, and the opening bell is just five minutes away cyc >>> welcome back, we're about a minute away from beginning trading here, of course ahead of a long weekend mike santoli, i'm looking at an s&p that's up 15% essentially for the first half of this year. we asked you all those questions yesterday, what we can expect for the second half, but anything that the market may key off of in particular obviously given we did get the jobs number, although that's not necessarily indicative oftentimes of what we can expect in the market. >> i think that the jobs number at least took away the immediate fear that there was going to be something to change the equation for the fed. doesn't seem to be the case. we do have a flattening yield curve. therefore yield's