i'm dom chu. dillard's today.week the retailer smashed earnings expectations and 'proved a $500 million stock buyback program. dillard's is an outperformer this year. up 130% year to date outpacing kohl's and macy's which have made themselves post gains north of 50% >> thank you. >>> it's m&a monday in the media space. warner is merging with discovery. making the new company one of the biggest players in the content space. david farver - >> other news on ksu. >> it was a great interview. >> thank you we should have been focussed on the merger of warner media and discovery but as much for investors to digest is as you take a look at the details that is an all stock reverse morris trust. the shareholders will own 71% of the new company and getting $43 billion to help them reduce leverage or debt on the balance sheet. that is a big concern for many investors there. there's the projections. a nine multiple and you get a feel for how large the company may be in terms of market cap and will be led by david zaslav. it is

>> hello, dom. it's a mixed day reopening sectors, industrials, banks, toerls doing better but the key story is tech stabilize. tech up throughout particularly mega cap with a nice open up throughout the morning flattish right now with the big names and the chip stocks marginally to the upside there was a lot of worries that tech is starting to reset lower particularly after the earnings story and then some numbers here i would n't say tech is resetting lower but bifurcating. if you look at where it is compared to the 52 week highs and in the last couple of months most of them in the mid single digits and the chip names line nvidia apple about 10% off the high but pretty moddist considering the big moves the stocks have had. what's hit hard is the thematic tech stuff clean energy is killed in the months arng, all the cathie wood stuff. lithium battery and electric vehicles this is the stuff often marginal and doesn't make money and since foeb there's concerns about profitability and that's where all

everybody, dom, we'll check in with you ralater.ht now. >> welcome to "the closing bell," everyone, i'm wilfred frost along with sara eisen. stocks losing steam as we head into the close the dow giving up an early gain and the nasdaq has turned negative with just one hour left in the session. >> let's look at what is driving the action retailers getting their time in the earnings spotlight kicking things off with a bang walmart, home depot, macy's, all better than expected results more on that in just a moment. >>> housing starts plunging 9.5% in april those starts were still up 67% this year from last year shares of at&t are seeing more weakness today on th

. —— dom. # moon in the night sky, how brightly she shines...y and i brightly she shines... hello, i am dom jelly and i am a comedian and travel writer and i am in my bedroom. why my people writing people fill in my bedroom? i got sleep apnoea. it was a shock because i have never had anything wrong with me, something like sleep apnoea, i couldn't even spell it. so i looked up, it is incredibly common. essentially means that you stop breathing on a lot of occasions through the night while you are asleep. and the main way you can tell you get it is snoring. this is how i got diagnosed, my wife used to constantly tell me i snored. i was stopping breathing i think up to 90 times a night for up to a minute ata times a night for up to a minute at a time and that is insane. i thought i slept quite well but it appears i haven't actually got any sleep for the last 20 years. and if it is not diagnosed and treated, it can lead to terrible strokes and very bad health. and since then, i have had to wear... it is normally linked to a pipe, but i have to wear

couple more years we will speak with one executive about how his lumber disis faring right now first, dom chu. >> lumber is trying to find a base but we have seen the stock market trying to bottom out a little bit here. we are trying to try and snap a three-day losing streak for the stocks overall the dow up 180 the s&p 500, 4154, the last trade there. moving deisn'tly above his 50 day average price. 4080 was the level we were watching the nasdaq composite yot performing in a big way, up 1.5% outpacing the rest of the overall indices. momentum, tech stocks, cryptocurrency, innovation the arc innovation etf and stocks that underlie it. tesla, square, roku, teledoc, some of the biggest holdings there. we will keep those stocks in mind then on the retail side of things there has been a trend better than expected earnings reports, maybe even raised guidance for some of the companies this week yet the stocks react effectively kohl's and bj's, 10% down for koelds, and 4% for bjs even though they had better than expected results mind you they have both had good runs speaking of complicated relat

so am i. >> thanks, dom. >> thanks, dom. >>> 4:45. up next on "today in the bay," a crackdown on fireworks displays just ahead of fourth of july. the new proposal that could affect you if fireworks are set off on your property. i'm morgan, and there's more to me than hiv. more love,... more adventure,... more community. but with my hiv treatment,... there's not more medicines in my pill. i talked to my doctor... and switched to... fewer medicines with dovato. prescription dovato is for some adults who are starting hiv-1 treatment or replacing their current hiv-1 regimen. with... just 2 medicines... in 1 pill,... dovato is as effective as a 3-drug regimen... to help you reach and stay undetectable. research shows people who take hiv treatment as prescribed... and get to and stay undetectable... can no longer transmit hiv through sex. don't take dovato if you're allergic to any of its ingredients... or if you take dofetilide. hepatitis b can become harder to treat while taking dovato. do not stop dovato without talking to your doctor,..

dom, thank you thanks, everyone, for watching "power lunch."a pleasure, that does it for us today "closing bell" starts now. >> no one ever asks for flu-like symptoms welcome to "the closing bell." i'm wilfred frost along with sara eisen stocks tumbling with the nasdaq seeing the brunt of the declines, down 2.3%. the dow is well off its lows, though, as the guys were just discussing, only down 0.3% as we stand. tech leading today sell-off with apple and the faang stocks all sharply lower pandemic winners are falling as well treasury secretary janet yellen making comments on the economy at a conference today saying, quote, it

. >> thank you very much, dom chu. >>> a massive step forward for the reopening.crowds sporting events. you see it in the stayeddiums a the nba playoffs sunday you have the indianapolis 500. they're running some practice laps there nearly 135,000 fans will pack into the indianapolis motor speedway making it the largest post-pandemic crowd for a sporting event yet here to tell us how they'r bringing back sports safely is mark miles, ceo of penske entertainment. what are you doing this year to open up for 135,000 people but maintain a safe environment? what are the restrictions, if any? >> yeah, we worked for months with the city and state to arrive at protocols that everybody thinks is the place for us to land first of all, limitations, 135,000 is a huge crowd. but there's 235,000 seats in these grandstands. so 100,000 will be empty masks are required we'll do our best to enforce that with a lot of education information on the video boards and the like people walking up and down the aisles we hired hundreds of people with signs, we call them mask ambassadors. they'

that was dom joly.hat i don't sufferfrom insomnia. but whenever i've tested sleep gadgets, i end up struggling to sleep because i end up focusing on them, which obviously completely defeats the purpose. laughs too right, i see what you mean. well, i am afraid that is it from us for this week. as ever, you can keep up with us on social media, find us on youtube, instagram, facebook and twitter at @bbcclick. thanks for watching, sleep well and we will see you soon. bye— bye. hello there. the bank holiday weekend is fast approaching, and we could all do with something a little more settled, couldn't we, to make outdoor plans? well, i can offer you certainly some drier weather over the next few days and into the weekend, and it will be warmer, too. now, just how warm, take a look at this. with the wind direction coming up from the south by the weekend, we could see temperatures peaking into the low 20s, and we've only seen that once so far this may. so, that's something to look forward to. during wednesday,

dom chu takes a look at that story under the microscope. >> it's a tax bill that we're talking about.ith a tax advisor, financial advisor, some kind of attorney or accountant before you pursue a tax strategy crypto losses could reduce your tax bill because they're not subject to something called the wash rule for stock and etf investors. if you sell those things for a loss you have to wait 30 days before you get back into them to claim that tax write-off in crypto, you can buy back the crypto immediately and still book the loss against your other capital gains because the irs needs crypto as property and not as securities like stocks or etfs or bonds. with that in mind, an example. take a look at the chart of bitcoin. near the highs, let's say you were at $60,000 in terms of buying a particular bitcoin and you sold it for around $40,000, meaning you book a $20,000 loss. you can immediately buy that bitcoin back at $40,000 but still take a look at this example. if you had stock profits elsewhere for $20,000, you could take the $20,000 loss on crypto and have a zero tax bill with the op

more than 500 dom's help in bills but few can sing a new word so when there is start pouring here they pour it falls and some of them will give way because the banks were not either one properly constructed or to the intensity of the flow of water into those dams becomes too much for it and. does not just from these feelings effects the pharmacist like. it is a catastrophe 11 out of his cows have died from c'est in recent weeks being are no grass no water and the dying one is lucky to make a few dollars if a cow is about to die and a butcher is close by to slaughter it instantly if the rains delay further it will be a disaster the president's plan in more dom's bigger ones this time and home was a systems the infrastructure is supposed to be completed by 23 but be due isn't holden else much hope she's preparing fun other long walk such forwards are in the morning even. going on. well a molly and a woman has given birth to ny and baby is 2 more of them doctors detected during scans the 5 girls and 4 boys were delivered in a specialist care unit in morocco it appears to be the 1st time o

that was dom joly.so lucky that i don't sufferfrom insomnia. but whenever i've tested sleep gadgets, i end up struggling to sleep because i end up focusing on them, which obviously completely defeats the purpose. laughs. too right, i see what you mean. well, i am afraid that is it from us for this week. as ever, you can keep up with us on social media, find us on youtube, instagram, facebook and twitter at @bbcclick. thanks for watching, sleep well and we will see you soon. bye bye. a bit of a lull in the weather at the moment. the skies are clear and the morning's not looking bad at all across most of the uk. don't hold your breath, it's not going to last for very long because we are expecting rain and gales through the afternoon, particularly across western areas of the uk. and if we have a look at the satellite picture you can see this swirl across the atlantic, another big low pressure and the weather front�*s already approaching ireland. you can see the low pressure, rather autumnal looking and tha

that was dom joly.t i don't sufferfrom insomnia. but whenever i've tested sleep gadgets, i end up struggling to sleep because i end up focusing on them, which obviously completely defeats the purpose. laughs. too right, i see what you mean. well, i am afraid that is it from us for this week. as ever, you can keep up with us on social media, find us on youtube, instagram, facebook and twitter at @bbcclick. thanks for watching, sleep well and we will see you soon. bye bye. after yesterday's strong winds and heavy rain, the weekend's weather is looking a little bit more optimistic. certainly today we have drier and brighter weather than the last few days, and crucially it is less windy. still a few showers in the forecast, so it won't be dry across the board, but some usable weather between any showers. here is the area of low pressure, and all that cloud that swirled around it yesterday now clearing towards the east. that was what brought us the really heavy rain and strong winds. low pressure still close

, you have to be humbled sometimes in life and the markets and that is what's happening and i think dom chu was helpful with the comment on apple and microsoft and different with earnings and we think those companies in particular, the quality of cash flow is really what's going to drive technology higher so the favorite sectors remain technology, communication service and consumer discretion na their where we see the growth and we would be buying the consumer staplish technology names on the pullbacks and stay away from the high flying names that probably have humbling to go. >> i know you haven't been a big crypto fan so i wonder if you take the correction as a healthy sign or a warning sign aboutly widty given the soft patch with the spacs and ipos. >> evans, you have been chomping at the bit to go to bitcoin and laughing hitting new highs. >> no. some say the correction in bitcoin is a bad sign for the broader market to tend to be an early indicator. others say it's a healthy sign i'm assuming you are in the latter camp. >> we are in the latter camp for the record i love bitcoin tac

that was dom joly.hat i don't sufferfrom insomnia. but whenever i've tested sleep gadgets, i end up struggling to sleep because i end up focusing on them, which obviously completely defeats the purpose. laughs too right, i see what you mean. well, i am afraid that is it from us for this week. as ever, you can keep up with us on social media, find us on youtube, instagram, facebook and twitter at @bbcclick. thanks for watching, sleep well and we will see you soon. bye bye. some sunshine in perth and kinross earlier this morning. more sunshine on offer this afternoon between the showers, but the shower clouds are brewing once again. the rain just about clearing the south coast. an afternoon of sunny spells, scattered quite heavy showers, forsome, equally some will miss them. going to be much drierfor many and brighter than yesterday. the wind easing as well, but you may have noticed they are coming from the north, so it'll not feel particularly warm, only 12—15 but strong may sunshine which continues into

that was dom joly.so lucky that i don't sufferfrom insomnia. but whenever i've tested sleep gadgets, i end up struggling to sleep because i end up focusing on them, which obviously completely defeats the purpose. laughs too right, i see what you mean. well, i am afraid that is it from us for this week. as ever, you can keep up with us on social media, find us on youtube, instagram, facebook and twitter at @bbcclick. thanks for watching, sleep well and we will see you soon. bye— bye. hello. it feels like a while since i've been able to say this, but on thursday, most parts of the country will be dry. it's been one of those months, hasn't it? notjust dry, it should feel a little bit warmer, and that's after quite a chilly start. even though temperatures in single figures for most, rural parts of southern england, wales, northern ireland could drop down to 1—2 celsius at first light. so, there could be a touch of frost around. dry and sunny here. a bit more in the way of low cloud and mistiness across part

that was dom joly.ucky that i don't sufferfrom insomnia. but whenever i've tested sleep gadgets, i end up struggling to sleep because i end up focusing on them, which obviously completely defeats the purpose. laughs. too right, i see what you mean. well, i am afraid that is it from us for this week. as ever, you can keep up with us on social media, find us on youtube, instagram, facebook and twitter at @bbcclick. thanks for watching, sleep well and we will see you soon. bye bye. hello, time for your latest live weather update. more rain is pushing across the uk at the moment. in northern ireland we have been seeing some heavy bursts of rain and they are one of the few places to brighten up today. there will be some showers around as this area of low pressure shoves the rain to the eastern part who are staying dry for the large parts of the day. as we get into the evening, the day. as we get into the evening, the rain will have some heavy bursts in it before it starts to clear away from parts of wales as

something we're going to watch obviously on this hour, dom, all summer long.s, dominic chu. >>> still to come, a new spac from apple's former head of re retail check inry o with ron johnson n >>> "techcheck" is back in three >>> "techcheck" is back in three minutes. or an important event for their family. for them, it's the first and only time. we have seen this literally thousands of times, in thousands of iterations. ♪ ♪ i am vince lumia, head of field management at morgan stanley. whether that's retirement, paying for their children's college education, or their son or daughter getting married, our financial advisors need to make sure an anniversary, a life event, the emotions will run high. making sure that you have somebody, a team of individuals that have seen it before, have seen every circumstance and seen every challenge, and have your back when you need it most, is one of the most valuable things a financial advisor could provide to a family. i am vince lumia and we are morgan stanley. keeping your oysters business growing could provide to a family.

that was dom joly.so lucky that i don't sufferfrom insomnia. but whenever i've tested sleep gadgets, i end up struggling to sleep because i end up focusing on them, which obviously completely defeats the purpose. laughs. too right, i see what you mean. well, i am afraid that is it from us for this week. as ever, you can keep up with us on social media, find us on youtube, instagram, facebook and twitter at @bbcclick. thanks for watching, sleep well and we will see you soon. bye bye. hello. it's a bit of a day of mixed fortunes, weather—wise. many places started the day on quite a chilly but bright note with some sunshine and some of us, particularly in the east will keep some sunny spells through the course of the day, but there is rain in the forecast. it's moving its way gradually from west to east, so all part see some wet weather by the end of the day. it's all down to this area of low pressure, which is moving in from the atlantic. quite an active cold front, so some heavy rain we have already seen

, dom. >> so this broadening out of the stock market rally is very much in effect with the biggest andost consequential in the s&p 500. technology sector. 27% of the s&p underperformed the overall market over the last six months this indicates that the big effort and most influential tech stocks have not done nearly as well as other parts of the sector, or overall market. so one chart that helps encapsulate this broader underperformance of the biggest tech stocks is the one you see now. a comparison between an exchange traded fund that tracks the market value weight of s&p sector versus the etf tracks the same sector but on annually weight basis ryt outperformed traditional market value weighted tech sector, ticker spy over the last six months's 24% thverse 6% three of the best performing stocks aren't close to the market cap vicinity. stocks microsoft and apple are in look at computer chipmaker, equipment maker, supplied materials doubled in of the last six months hp, 85% up in the same span and western digital, makes computer storage products up 78%. compared to the likes of apple an

here to break down the headlines are rahel solomon, dom chu and kourtney reagan. and all. it is kontoor, kourtney. >> it is spelled quirky. he delivered earnings with sales that bounced back or surges over 2019's prepandemic levels. they own wrangler and lee and said u.s. revenue was up 11% it folg follow trends from mcdonald's, blooming brands, coca-cola saw revenues return to 2019 levels. court, we have seen the mall based retail names doing really well since january how much stronger should we expect retail to get >> you know, kelly, i think of course there is some degree of pent up demand, people wanting to get out of the house. whether that means that they are actually going to a mall, i don't know, but they are looking for an occasion to buy new items. and i say that because there is still a bit of a difference between what we are seeing in retail in store and on line. on line is incredibly strong, from the metrics that we got recently from adobe, they say even just between march 11th and march 31th, an additional $8 billion was spent because of those stimul

meantime we check in with our friend dom. >> good morning.m dominic chu from cnbc global head quarters. here are your top business headlines for today. wall street is set to open higher after a large sell-off yesterday sparked by treasury secretary janet yellen who says interest rates may have to rise somewhat from keep the economy from overheating and sate later on she's at not predicting or recommending the fed hike interest rates. that sector is more vulnerable to higher interest rates as tech companies borrow money to fuel expansion. the dow managing to close slightly higher, now in focus for traders today reports on hiring and the nation's services sector. >>> viva las vegas. caesar's entertainment reporting another big loss in its most recent quarter but the casino operator sees a strong rebound coming. the company pointing towards positive trends in recent months with hotel occupancy rates improving. caesar's says that weekends in las vegas are sold out for the foreseeable future. >>> and u.p.s. says that mother's day is the busiest sh

with the aim of storing water for the dry season more than 500 dom's have been builds but few contain a new water when there is start pouring here they pour forth as some of them would give red because the banks were not either one properly cost factor or $2.00 the intensity of the flow of water into those dams becomes too much for it and. there's not just from this feeling the effects of pharmacies like to say me as a catastrophe 11 out of his cows have died from fest in recent weeks being are no grass no water and the dying one is lucky to make a few dollars if a cow was about to die and a butcher is close by to slaughter it instantly if the rains delay further it will be a disaster the president's plan in more dom's they go once this time and time was a systems the infrastructure was supposed to be completed by 22 and 3 but be do money big isn't ordinals much hope she's preparing fun other long quotes walk to search for what's up in the mornin even. the number not gonna. still ahead this news out the results that will tell you who's been on the street at this year's open or a sport

dom has the numbers. we saw the lows earlion this week an outperformance up over 2% look at the sector action over the last week. in that time it's been the consumer staple stock. that sector is the only positive in the entire s&p 500. it's cat gorized by the s&p. i'm not going to show you stocks. supply constraints they are now falling so. still very much near elevated levels huge gains we have seen over the last year. we're pulling back a bit could this be the top. some traders are condtemplating now. yes, dthat is big a question about the reopening trade. what is the combination of all these factors mean for stocks? joining me now is hugh johnson hugh, what do you think? is this transitory or not? sdp >> i think it is i do a lot of crunching on the inflation numbers. we're fwgoing to have some troubling numbers not only for the second quarter like we saw this week but for the coming months when we get past 2021, when we start into 2022, you're going to see much better numbers. what do i mean i really m

more than 7% of stations in virginia are totally wiped out, dom. like the early days of the pandemic when you couldn't find paper towels or toilet paper most of the outages are happening in the south to mid-atlantic part of that path here in the northeast it's a bit different right now. can we expect to see this resolve sometime soon? what is the time frame what exactly needs to be done to get us where we need to be >> well, time frame is completely key here. we don't have that much information around the time frame. the last time we heard from colon want pipeline was last night, when they said they expect their systems to be back up and running by the end of the week that's only on a limited base. we can continue to see shortages, if they continue to hit is the pump, but it's really important to know this is heavily localized and will be concentrated in areas along the eastern seaboard there are ways around it we can waive the jones act georgia has repealed the state tax right now on gas, so there's certainly actions that the government can take.

a beneficiary over the last year or so. >> truly under the microscope. >> installers is what i need dombe with you. great to be with all of you too. thanks for watching "power lunch. "closing bell" right now. >>> thank you, tyler and kelly welcome to "closing bell." i'm sara eisen the s&p 500 is inching closer toward a record high as we kick off the final hour of trading. >> i'm wilfred frost let's have a look at what's driving the action today weekly jobless claims came in much better than expected hitting a pandemic low industrials like boeing and honeywell are leading the dow in hopes for an economic recovery pending home sales this morning coming in weak and durable goods orders fell for the first time in a year. we have 59 minutes lef

more than 500 doms have been bills but few contain a new word so when there is start pouring heliport it falls as some of them glee read because the banks were not either one properly constructed or to the intensity of the flow of water into those dams becomes too much for it and. there's not just families feeling the effects of pharmacies like a house and seen as a cut scene love an aunt of his cows have died from 1st in recent weeks. no grass no water and the dying one is lucky to make a few dollars if a cow was about to die and a butcher's close by to slaughter it instantly if the rain still a further it would be a disaster the president's plan in more dom's bigger ones this time and homewards us systems the infrastructure was supposed to be completed by $22.00 in 3 but be due money big isn't ordinals much hope she's preparing fun other long hot walk such forwards or in the mornin. going on. a giant piece of space debris is hurrying towards our friend no one in knows when or where it will hit it it's part of a chinese long launch 5 a rocket that launched last week sending the 1st p

more than 500 doms have been bills but few contain a new what's on their wrist start pouring here they pour it force as some of them would just give way because the banks were not either one properly cause for acted or 2 then tested 2 of the flow of water into those dams becomes too much for it and glassware. does not just from these feelings effects a pharmacist like a house and say need is a catastrophe 11 out of his cows have died from fest in recent weeks. no grass no water and the dying one is likely to make a few dollars if a cow is about to die and a butcher is close by to slaughter it instantly if the rains delay further it will be a disaster the president's plan in more doms they go once this time and home was a systems the infrastructure was supposed to be completed by 2023 but be due money big isn't ordinance much hope she's preparing fun other long hot walk to search for what's in the morn and. the number not gonna. jailed hong kong democracy activist joshua wall has been handed extra jail time for participating in it all the rise gathering last year won't has an additional

dom, on friday it didn't spook markets, many investors didn't think the economy was stumbling, maybewere kinks in the system getting people back on the job because there are certainly jobs to be had. >> stephanie, you're absolutely right here. the market sort of mulled now where they're still trying to extenuate the positive. while the job future took an unexpected bump with disappointing numbers, it did reinforce there's a case to be made for continued government involvement in intervention markets. from the monetary and fiscal sides. from the monetary standpoint, the jobs numbers means the federal reserve will not keep the borrowing numbers completely low. that may continue a trend of asset prices like stocks and real estate to keep going higher. on the fiscal side, you will hear the biden administration arguing this means more and in needs to be spent on jobs and infrastructure to make sure the economies and market stay on track. all of this as we see more and more companies warning consumers and investors pricing pressures are mounting and some of those prices will be passed on t

let's go straight to dom chu. dom, this report was not anyone was expecting. what do you think? >> it's crazy, because, yes, the economists that were polled by many news authorizations had the job growth figured at about a million jobs created or more. they also had the unemployment rate actually going down to about 5.8% from where it was at 6%. so this was a surprise for many folks out there. the reasons behind it are going to be what are going to get a lot more attention i think than anything else. that will be something i'm sure the white house will need to respond to. the fact there were only 266,000 jobs created may suggest there's just not a lot of availability of workers out there who actually want to go back and fill open positions. that's going to be one thing to watch as well. many of the folks out there are also talking about the idea enhanced unemployment benefits play a part of that story. that's going to be big. one thing i would key on, stephanie, here is we are seeing good signs in the leisure and hospitality sector. we have spoken about it for months. it was the

dom, i need you to started. can you explain these markets?ly freaking over gas prices. are they going to work this all out? >> there could be. but we have inflation at 2010 at the highest was yesterday at the wholesale level. yesterday, we got them at the consumer level. how much we're paying for goods as con sumers on a daily basis. now we're finding out those companies themselves are getting those cost passed to them in the highest decade as well. the inflation fears have not gone away. what has now come to light is the idea perhaps the market is due for at least a little bit of sta billty after all of the selling pressure we've seen. by the way, the levels we've fallen by so far are in line with some of the other falls we've seen over the last year. the issue right now for many investors will be whether or not, like you said, those cost pressures are going to be in the longer term. there's a growing population out there of investors who really do believe we're in an environment that could see higher prices for years to come. but, remember,

vacationers flock to the dom's beaches and it tends to be completely booked up months in advance during peak season. those seeking a bit more peace and quiet might want to venture into the island's interior and go on a horseback riding truck. bomb them into is a seaside resort town also on the baltic sea close to the port city of us dock. the city's famous lighthouse was built over 120 years ago and it still works. some 5 kilometers long and spanning up to 100 meters in breath the beach here is the widest in the state of mechlin book for parma. because. the watusi along the north sea is a world heritage site visitors are encouraged to take a guided tour across the much less. i was fascinated by the rich diversity of marine life when i especially like to lug earth sand worms. twice a day the mud flats are completely submerged by the tide but over time the people here came up with a few inventive ways to get from place to place without getting wet. and whether you choose the baltic or north sea no trip to the coast is complete without a fish or a shrimp sandwich. and then it's time for a

dancing down the left and feeding captain marco royce dortmund at half time and more wool for young domand. it was too easy for son to as he was allowed to saunter into the box royce nipped in just ahead of erling holland on the 2nd half was no looking like a straw for the visitors. on 18 minutes poland set up yulian planned to watch red down and to make it 3 nil the keeper taking a need to face in the process. the been quite stone scored a consolation goal for months from the sport an injury free one the final score another feather in the cup for dortmund interim coach and in tears each he follows german cup success with champions league qualification and a case of liquid you could have won for a front for phones you could only watch on an envious dortmund celebrated. alive 6 draw against those folk was ideal for both teams that secured life 6 2nd place in the bundesliga while the visit his clinched champions league qualification out a 1st half double from mexican philip including this stunning strike could have spared 2 goals ahead at half time but justin clovers pulled a goal back fo

on 18 minutes paul and set up to watch road to dom and to make it 3 note the keeper taking in each of the face in the process. before been quite song scored a consolation goal for months from the sport an injury free one the final score another feather in the cup for dawkins interim coach at inter the fellows german cup success with champions league qualification and a case of look what you could have won for frankfurt funds you could only watch on an envious dortmund celebrated. and that's it for now eco india is up next where will meet an architect who is ensuring slum dwellers get access to services and making sure they have a proper actor back with more headlines at the top of the hour until then some may end the entire day. the fixed. india. having an address is a fundamental right that's long been denied to residents of slums a digital pilot project uses mobile data to give each house its own address. the publishing business videos fight off anything that wasn't there stuff it wasn't easy that did it because it would be cool. next to you. do you feel worried about the final. nat

shares this morning modestly higher carl >>> jon, a theme we thought we'd have our dom chu look intoork-from-home levels. to labor day. >> mentioned peloton lost rafly half its value look at work-from-home, stay-at-home names during the pandemic covered so much because of such a tear look at names in the pullback in trade we talked about. docusign, electronic signatures, up 64% still on a one-year basis. that white line you see there from the highs we've seen is now down roughly one-third of its value from where we saw it at its highs here look at chewy. still a 77% gain, but lost about 40% of its value since its highs we have seen recently here you see the orange line. then teledoc health, green line, down 14%, a one-year basis lost roughly half its value since the highs we saw over the course of the last several months's to show you, more of those names, following peloton in that same theme going lower. of course, peloton has its own issues one stock, the poster child of that particular trade, referred to it as a verb these days, to zoom someone right? zoom video now down two and o

let's get to dom chu >> upside moves here in the end.ces closing out the week on a high note west texas intermediate crude $65.35 world bench brent crude $68.68. prices have been as high as $66.63 and the general uptrend is in place. this afternoon baker hughes reported that the number of active rigs is to 352. the highest count since april of last year. that could ramp up drilling activity by the way, according to aaa the average price of gasoline at $3.04. this same time one year ago it was $1.87 per gallon we have come a long way. back over to you. >> wow you see it and feel it when you fill up. i have a suv that's the gas eater dom, thank you. >>> to the bond market and rick santelli at the cme. >> hi, tyler this morning data and retail sales a bit disappointing. the 1-year inflation outlook of 4.6, you have to go back to 2008 for a higher level another hot number with regard to inflation one week of 10s and 30s. down on the session but up 6 for 10s on the week. up 8 for 30s on the week and for the uk and europe in general, 10-year s

. >> and other companyies hesitant to criticize apple because of the those app stores dom, put us inspective it's been extremely volatile the movements were seeing today, yes, they're significant, but not nearly as bad as some of the dips we saw last week. the nasdaq composite off by about 1% at this point here, the fall we have seen from the report hide levels earlier this year is roughly 6% at this point 6% is pretty okay, but it was 9% at the depths over the last week within that technology trade is to watch the underperformance. time it's being the most significant, important, highest-weighted part of the s&p. meanwhile, the technology sector spdrs are only about -- and within that technology trade, the stocks driving the downside action, the most important ones are the ones we have come to know apple is down 6%, microsoft down about 6%, and paypal and nvidia both down around 10%, to 12%, that down trend has been exorbitant they'll drive a lot of the action, as you watch it trade out, a lot of bulls are hoping it's not reminiscent of what we saw the last couple weeks. >> after th

again, david dom, unplug the, you know, you have, in fact the the little different how the pebble among others. what keep checking in with them as in how the bureau fee i was i was i thought that was at a loss of members. please let us know. this is the b. busy b does, one of your wage form is very low. so the mom, the initial health, just to me coffee, nothing was much into going back to the home. but what we can say was what i see that on how doesn't my oh come on to i would look through it as a fit the whole mich. mrs. sweet only stood out in your last not. how did the little pretty, how don't get the little boys on the measure. and i saw me healthcare, our maggi has the new norm been to gina in a very down you want to oh, how does your shuttle jean william associate the shonda. she's not on the show for them. and then no less than a month for the summer. and i'm the only ones in between an additional form wasn't much less than one among the my se, if you to be in that make them the visa because i'm ok fish way me to let us do. i need to get a bus. they just have to just tell me how

. >> dom, i'm not chart master i told myself i wouldn't pay attention to bitcoin falling until it got around 43,000, because it looked like a level to sort of bounce off of before. i wonder if people talk about that at all? and are you hearing talk when most people got into bitcoin in this latest surge, and, therefore, psychologically people will feel at a certain price level that they broke even maybe now time to get out? or in the red? >> so the trading volumes did elevate heading towards the highs. that typically does happen when people start to chase performance. the issue, whether or not that sentiment shifted. if you believe -- first of all, there are many folks out there who still are struggling to find a fundamental way of valuing where bitcoin should be. until then, many of the technician, traders out there who follow charts, patterns, that sort of thing, statistics about when things should happen. they are driving a lot of the trading in bitcoin and other cryptocurrencies now as well when you talk to some of the crypto traders out there, it is about whether or not they can f

dom? >> the notion out performance in the dow a theme played out so far in 2020.t the way things shaped up so far today, it has been one of those scenarios where we've seen, yes, record highs for the dow and underperformance for nasdaq overall today's action saturdaying to exacerbate the existing trends two worst performing sectors so far today, two of the most consequential ones technology by far and away the most heavily weighted part of the s&p 500 and of course nasdaq composite as well down nearly 1.5% in trading so far today etf that tracks it etf that tracks communications service and many other big-type names, facebooks, alphabets of the world, down 1% as well technology sector specifically one part of the market is causing a little bit of concern for traders and investors out there, the semiconductor trade the semiconductor etf down 3% so far in trading today 8 of the 15 worst performers in the s&p 500 overall just about a few moments ago were semiconductor or related stocks, that one showing weakness here and by the way remember over the course of the yea

they 345ed and in 2016, president open awarded the couple the medal of pree dom. >> all right, do youo chat live with people on twitter? you can do it now if you have 600 followers. twitter announced spaces where you have koompl and they can get to 350 million people using twitter. >>> looking for a win while mother nature beat the tints tonight. we have more coming up. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa ♪ >>> first place giants, one month from the baseball season, and they continue to be is surprise team. >>> they postponed gar game with colorado, meaning a double header tomorrow. let's go to the a's. that they were in action tonight taking on the blue jays a

. >> tesla, twitter and nvidia setting up for its best week in over a month dom chu has more on what is driving this quiet rally we are seeing them underperform today. >> it's only ten stocks in this nyse fank plus index you mentioned the three of them, throw up baidu and alibaba, netflix, there's your index on this stock on an equal weight basis. they all contribute more or less to the overall sentiment in this particular index but that fang plus index is up 4% it's still underperforming technology overall which is up about 7% on a year-to-date basis and the spider s&p 500 up about 12% on a year-to-date basis. again, fame plus underperforming those ten stocks that are more heavily traded technologyish type names if you look at the weak side of things, take a look at some of those moves we are seeing elsewhere in this echo system and market those particular stocks, tesla, twitter and nvidia, over the past week, it's been these stocks, tesla up 7%, twitterer up 6.5%, and nvidia up 4.5% that have been driving a lot of those gains so far this week so they're the ones responsible for it

a trend to watch and interesting question for sure. >> right, dom.tch jon, talking about this earlier. the idea of cathie woods versus the face of the tech upswing and then the downswing virgin galactic, shares recovered a little, but still down 5.5%. the question, where are retail investors in all this? over the last year came in the market a big way and have a big appetite for risk. does that become a little bit tempered as we see this sell-off in tech? a lot of names that they were really big into over the last year >> yeah, d the people i work with ask for stock advice i don't give stock advice. the trick, not only know what to buy, know when to buy and when to sell. a lot of people forget about that last part, carl. >> all right well said, jon. >>> a news update from the rahel solomon. >> good morning. what's happening at this hour o investors druckenmiller said the federal reserve continued moves, interest rates low big steps by congress not needed because the economy is strong and growing government debt, he warns, poses a long-term threat. >>

dom, very well summarizing a lot of the other moves we're seeing.e suddenly the 10-year got out of control, mohamed that's still well behaved. still around perhaps the recent turn around seen in commodities and maybe in inflation and cpi has that gotten people thinking the fed may have to do something in terms of tape perfecting sooner than we thought before? is that what this is all about, the gravy train ending sooner than we thought or what is it? >> if they thought that the fed was going to change its policy course, good morning, joe, you would see the 10-year move no, this is something else, joe. this is the market's worried that the fed will be late. >> yes >> that's why you get this -- the market itself starting to question the liquidity paradigm because if the fed turns out to be late, then the fed may have to slam on the brakes. so what you're seeing is nervousness, not that the fed will move. otherwise the 10-year will be much higher in yield but nervousness that the fed will be stubbornly holding on to its transitory mantra about inflatio

or kind of systemic trading involved in some of these names, something to keep an eye on, guys. >> domis bifurcation between spec or momentum tech and some of the more value names but you could maybe argue there's a trifurcation, but you dedogecoin and either, some of the speculative parts of the market go up while speculative equities take a breather where does crypto fit in i don't know you can answer that question. >> i don't think anybody can answer that question what you can do is take a view on that question, right. you can -- i don't want to say gamble because it's not that i'm sure traders are making decisions calculated decisions about risk and reward in this kind of environment. to your point where does crypto fit into this? it depends when you have a situation where now even 50% gains over the course of a period are not good enough for you because you're seeing other people out there making 1u00, 200, 300% -- true believers will go all in on some of these crypto currencies but you can see traders take bets, position sized appropriately to capture some of the out performance

and you heard dom lay those narratives out.ey are expecting the president so say they expect the economic recovery to take awhile that this is all the more reason that congress needs to pass $4 trillion in funding that president biden is seeking. republicans on the hill were hearing them push back with examples of employers that kind find work because employers are coming back home. and they're saying that it is evidence that that bill did not work. they're saying that money has not gotten out there and the checks are needed to keep food in people's mouths. i think bottom line that to the extend that it creates confusion and concern, it will bode well for president biden's efforts to do something on the economy. the big question will be what is that something going to be? how big will it be and how will it get paid for? >> as we talk about quickly here with the competing narratives, there is discussion about a potential labor shortage. some experts are says that some of the numbers showed maybe that is not the dominant situatio

>>dom, thanks. >>> final check on the markets pretty orderly, maybe.year is back to the high end of the range we've seen. guys, all pretty orderly so far. it doesn't look like the end of the world at this point. that only happens once that's the good news make sure you join us tomorrow, see you guys, make sure you join us tomorrow, "squawk on the street" coming up next >>> good wednesday morning welcome to "squawk on the street." i'm carl quintanilla with jim cramer and david faber, looking for another drop at the open as april cpi comes in 0.8, the biggest month on month jump since 1981 and adding to inflation worries and nasdaq on pace for the worst month since september. the inflation surge, the biggest headline year on year rise since 2008, plus, continued turmoil in technology, shares of alphabet,

here is dom chu. >> i feel like any modicum of success stems from my parents constantly reminding mehave to work hard and compete nothing is given to you. a lot of aapi folks grew up with the same influence that mentality of making a better life for yourself and your loved ones. >> announcer: executive edge is sponsored by at&t business our people and network will help keep you connected let's take care of business. , w. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need. this is hannah - she's a posh virtual receptionist. when you're busy, she answers the phone. thank you for calling the anderson group hannah speaking. when you're in a meeting, ashley can take a message. she's not available, but i'd be happy to take a message. and if you're stuck in court, lisa will

>> let's go to dom he's got some morning movers >> you got it, guys.on which are down on roughly about we'll call it 15,000 shares of pre-market volume, the hotel operator was at record highs, just last week, but it reports profits and revenues that both fell shy of expectations, it did though say 97% of its hotels were open at the end of april, so those shares off right now. next up, you have scott's miracle grow which is pretty volatile in the premarket trading up roughly about a percent or so right now, and call it 15,000 shares of pre-market volume. this is the fertilizer maker, it continues to benefit from stay at home trends, so watch those, it's up on a big earnings and sales beat, and then check out what's happening here, finally with tupperware brands, the market segments across the globe doing better today, and those shares up 10%, roughly 45,000 shares of volume, joe, people continuing to use tupperware products i guess, amid the pandemic back to you. >> always good and the parties are so much fun. miracle grow, i should have thought of that

back over to you >> thanks, dom dom, they told me to waste a little time with you, believe it or not i'll tell you how i'm going to waste it i'm going to waste it in a really good way. isn't byron nelson on the golf channel and on nbc have you ever sunk a 55 foot eagle putt that's what jordan spieth did yesterday. have you ever done that? >> i have not sunk a 55 or something putt i have sunk eagle putz they're more in the 15 to 30 foot range >> you give me way too much credit i'm better than most statistically speaking but i am not a scratch machine. >> no, i'm talking about it. you've got the tempo you don't rush you don't rush that's the whole key golf is not rushing. chips on everything, on putts, on everything. >> he's in the lead. i think spieth is back, don't you? >> i have -- i'm going to pay close attention because prepandemic i was actually supposed to play in some of these pro ams in the texas swing. >> oh, yeah? >> i was just about there and then the pandemic hit. i was kind of hoping that we would see some of these bets again. i always like to -- i never played golf in te