diana olick, thank you. >>> coming up, looking for the most attractive places for your money. guest sayshe s prefers service sectors over good sectors keep it here we'll be right back. sales are down from last quarter but we are hoping things will pick up by q3. yeah...uh... doug? sorry about that. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today. >>> welcome back to "worldwide exchange." futures pointing to marginal gains at opening bell. the nasdaq off record highs from yesterday's session. joining us now is katerina simonetti. >> dom, thank you for having me on the show. this market continues to surprise us. every time we think how much more run-up can we see it keeps going up. there are sectors that are attractive even in this market. we are seeing this rotation to quality. we see a certain amount of profit taking. ther

it could also cost consumers diana olick is up in portland today with more on this story. diana. >> hi, kelly maine's new law will shift the rising cost of recycling from taxpayers to companies large and small. from amazon to walmart to small local maine businesses it will require companies to produce -- that produce packaging to pay into a fund to recycle it the fund reimburses local municipalities >> what that does is creates economic incentives for the producers of packaging to create less packaging, to offer more reu reusable packaging options and make what packaging we do have left recyclable. >> but some of the largest sellers of packaged goods, that is maine grocers, warn it could actually increase prices for consumers. >> the retailers are concerned in general about overall inflation rates and price hikes and what that means for the overall cost of goods and what folks are bringing home in their shopping carts >> but some big multinational companies are already on board more than 150 including coca-cola, unilever and walmart recently signed a pledge saying to solve

diana olick with the latest on the housing front. >>> up next shares of valley national bank climb upo acquire bank usa ira robbins will join me to discuss that angd the bank's future after this. it's understated, yet over-delivers. it is truly the mercedes-benz of sports sedans. lease the 2021 c 300 sedan for just $449 a month at your local mercedes-benz dealer. and there you have it- woah. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. >>> welcome back to the exchange growing competition from fin technology is leading to a blockbuster year for bank consolidation. more than $63 million worth of bank mergers the highest since the '08 financial crisis and includes valley bank will announced a merger to create the 29th largest u.s. bank it will help grow technology and venture

with a report in her continuing series of rising risks from climate change, here is cnbc's diana olickers tear across america's west, the risk right now is to life and property. soon, it will be to water. >> when we have large-scale fires like this, huge amounts of erosion that end up filling up the dams and reservoirs that erosion that end up filling up the dams store water and help create hydropower >> like a bathtub filling with mud, reservoir capacity is reduced and the water contaminated it's estimated in california about 70% of the state's drinking water either starts or flows through national forests. >> we are feeling a huge sense of urgency to do work in the forest to make them more resilient to climate change and to these large-scale, catastrophic fires. >> reporter: two years ago, the first-ever forest resilient bond was launched by the nonprofit blue forest and its founder. it was just $4 million. >> we were well oversubscribed from investors for this first project. >> reporter: that private capital was used to thin and restore 15,000 acres in the tahoe national forest. inv

get some real money in there, that's what's going to make the difference. >> could be a big help diana olick> with major watersheds at risk of losing some of the water supplies that they have, the ongoing water shortages are likely to get worse. water company xylem is using technology to help solve it. their shares are up 65% over the past year. joining me is the ceo, patrick decker i want to mention and make sure i'm reading this that water futures on the cme are up 90% thus year. water is getting more expensive. is that good or bad for a company like yours if you guys do water recycling >> well, first, thanks for having me. i would be remiss if i didn't give a shout out to all of the first responders over the last 24 hours here in the new york area with hurricane ida. so we talk about the lack of water in parts of the world. we talk about the abundance of water in other parts of the world. and so again, i just want to say thanks to all of the first responders my thoughts and prayers are for all those affected by ida at this point in time this really brings into focus as you've teed up a fo

shep >> diana olick, thank you. >>> at least 15 million vaccine doses have been wasted over the lastl data obtained by nbc news para paramedics and health officials throw out shots for a number of different reasons, including cracked vichlt als, freezer problems and air diluting the vaccine. data on wasted doses as new urgency to develop safe and effective covid treatments that can supplement vaccines. cnbc's meg tirrell, pfizer and america just announced new trials for antiviral pills what can you tell us >> sherngs an antiviral pill that you can take at home as soon as you've been diagnosed with covid would add a huge new tool against this disease. it's taken drug companies a lot longer to develop these in vaccines or antibody drugs and we still don't know whether they'll work but today, two pharma giants, america and pfizer, announced they're both starting new, late-stage clinical trials of their covid antivirals, in people just diagnosed who are not at increased risk of severe disease. this is on top of another study it began in july of people who are at high risk ame m merck is

adjustable rate mortgage, the latest phenomenon in real estate is what else, artificial intelligence, diana olickuilding a loan. >> this may look like a whole lot of nothing. >> as you can see, it's trying millions and millions of different options. >> but that's just because we can't show you the numbers it's new artificial intelligence, creating the perfect mortgage for an actual home owner, at least according to loan snap. >> we're building a financial model for someone and showing them exactly how much money they are losing on a monthly and yearly basis and then showing them how they could potentially fix that issue and save money in the future again, in seconds. >> it's just one way artificial learning is taking over real estate >> 95% of it is rhetoric rb right. it's a popular term. people glom on to things like that and say we use ai too ai is actually machines thinking and/or looking at possibilities that would not have been looked at before. >> helpful for borrowers but the holy grail for real estate agents hunting for listings in today's ultraexcretive market. >> the traditional agent w

here is cnbc real estate correspondent diana olick. >> this is an example of lone flow building alonelot of nothing. >> you can see it's trying millions and millions of different options. >> reporter: that's just because we can't show you the numbers. it's new artificial intelligence, creating the perfect mortgage for an actual homeowner. at least according to loan snap. >> we're building a financial model for someone and showing them exactly how much money they're losing on a monthly and yearly basis, and then showing them how they could potentially fix that issue and save money in the future again, in seconds. >> reporter: it's just one way artificial learning is taking over real estate. >> 95% of it is rhetoric, right? it's a popular term. people glom on to things like that and say, oh, yeah, we use ai, too. ai is actually machines thinking, looking at possibilities that would not have been looked at before. >> reporter: helpful for borrowers but the holy grail for real estate agents hunting for listings in today's ultra competitive market. >> the traditional agent would knock on t

shift the burden from the governments to the businesses that are creating the mess here's cnbc's diana olickorter: as the cost of recycling rises, cities and towns are getting crushed. >> our municipalities all of a sudden were faced with this cost that they didn't anticipate and it really forced them to either abandon or cut back on their recycling programs or raise taxes to keep them going >> reporter: now maine's new state law says the companies that produce the garbage must pay to rescycle it it's called extended producer responsibility, or epr the producers will pay into a fund that reimburses municipalities >> what that does is create economic incentives for the producers of packaging to create less packaging, to offer more reuse annual packaging options and make what packaging we do have left recyclable >> reporter: that means all producers. from amazon to local maine businesses but some of the largest sellers of packaged goods, maine's grocers, warn that though it sounds simple it is not. >> the unknowns of implementation are the biggest concerns there's a lot of extra administrative

obviously we've been living through climate changes in a number of ways impacting industries, and diana olickas highlighted how it's changed building we had this big event in the northeast with the remnants of hurricane ida which really caused a 1 in 100-year event how are people looking at buy arology building homes >> if you look at where people are moving, it's to florida and the southeast, which is especially flood prone it also has incredible heat risk as temperatures rise they're also moving to places like phoenix, las vegas and utah in utah, a third of the homes there are prone to wildfires salt lake city is just going crazy. so i think this idea that climate change is going to be factored into how people think about housing, it hasn't happened yet the only people who have figured it out are the actuaryists, so increasingly it will be harder to get a loan for these properties, because the lenders will see the write on the wall, that this collateral is at risk. the most affordable places in america are the places that are at the most risk of being affected by climate change they'll be f

more, but it's getting more pricey to do it, since china stopped buying a lot of our recyclables diana olickrtland, maine. >> reporter: maine's new law will shift the burden to companies, large and small it requires companies that produce packaging to pay into a fund to recycle it the fund then reimburses local municipalities >> what that does is creates economic incentives for the producers of packaging to create less, to offer more reusable packaging options and make what packaging we do have left recyclable. >> reporter: some of the largest sellers of packaged good warn that it could increase prices for consumers. >> the retailers are concerned about overall inflation hikes, and the cost of goods that people bring home. >> reporter: some big multinational companies are already on board more than 150, including coax cola, unilever and walmart recently signed a pledge that says, to solve the crisis, there must be mandatory programs in this all industry players provide funding dedicated to collecting and processing their packaging after its use. the state of oregon has a similar law going th

housing data this hour let's check in with diana olick. >> carl, builder sentiment rose 1 point to 76me builders wells fargo index. that's a slight beat and the first gain in three months the street was looking for unchanged. sentiment stood at 83 in september of last year and then set a record high of 90 last november it dropped off when lumber prices spiked and supply chain issues hampered construction price of lumber is down to quarter of its record high from last april and builders say delivery times remain extended and the chronic construction labor shortage is expected to persist. if the index is three components, current sales conditions rose to 82, buyer traffic increased to 61 and sales expectations in the next six months steady at 81. regionally on a three month average sentiment down everywhere except in the midwest, that, of course, is where housing is most affordable >> thank you we're 30 minutes into the trading session and we will get to evergrande in just a moment but here are three other movers we are watching this morning we're going to start with jpmorgan, bank stoc

especially the home builders let's get to diana olick for the details. >> hey, mike yeah, it's goingw home sales as well as weekly mortgage applications normally this would be the start of the slow season, but it's starting to pick up after a lull in the last few months realtor.com cited a second wind. price gains had eased slightly in august. we saw mortgage applications to buy a home rise sharply last week even though rates haven't really budged in several weeks as for the home builders, the stocks took a hit after guidance was lowered for home closings due to supply chain issues we'll get quarterly earnings from lennar and kb home. they are likely to cite similar issues >> diana, thank you. as we look to other events next week, the federal reserve meets and why there isn't expected to be any major pronouncement of tapering or scaling back stimulus, they're moving in that direction. the consensus is that they're going to announce it in november then start to pare back in the months that follow but always market moving and will be interesting to note whether they also take note of t