turned the fountain on for you, eamon eamon javers, thank you. >> it's beautiful here >> big meeting there >>> we are just getting started on the very busy tuesday when we come back, online meet offline. amazon going deep near the grocery biz to launch the first full-size store with one twist. >>> and the latest on lords town as the fate of the start-up carmaker taking another turn. >>> and raymond james calling the cyber attacks on united states a reopening tdera the dow futures opening higher we're back after this. mmm, licorice records. wonka, digital workflows for it tell us this machine needs updating... kids don't really have records anymore... but it tastes better on vinyl... servicenow. i'm dad's greatest sandcastle - and greatest memory! but even i'm not as memorable as eating turkey hill chocolate peanut butter cup ice cream with real cocoa. well, that's the way the sandcastle crumbles. you can't beat turkey hill memories. it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minut

we get straight over to eamon javers with more eamon?ent to take questions here as he gets out of the beast on his way into the villa la grange vladimir putin was asked many questions. he was asked by reporters there who shouted questions at him as he arrived, can you trust joe biden? what do you expect to accomplish here will you release navalny, his political opponent who is in prison currently putin ignoring all of those questions. you can expect our colleagues from the press core will shout same lar questions to joe biden. we expect he will ignore them. you have to shout nonetheless. as we see the arrival here, this is biden being greeted by the swiss president who we do expect to see making remarks momentarily as the president of the united states poses here for a handshake, photo op and smile on his way into what is going to be an intense four to five hours of negotiations between himself and the president of russia. we don't expect the two men to be alone together at any point we do expect translators and aides, foreign minister o

eamon, great stuff go get some pudding or whatever in switzerland eamon, thank you >>> all right. on the biggest insider buys by the insider whose know the companies you need to watch and a little talked about company with a big insider buy a gentle nudge follow your podcast. need better sleep? try nature's bounty sleep 3 a unique tri layer supplement, that calms you helps you fall a sleep faster and stay a sleep longer. great sleep comes naturally with sleep 3 only from nature's bounty at cdw, we get your it staff and sthas be readyonger. gto take on new challenges. that's why we built an office obstacle course ... to prepare our people for anything. you're late well, cdw amplified services experts will consult with you to design, orchestrate and manage your most complex technologies to help you quickly overcome any obstacle ... without all of this. oh, that is better. who's that? oh, if you want coffee, you gotta get past tantrum. you're in for a brewed awakening. for technology that moves you forward, trust cdw amplified services >>> welcome back i'm off tomorrow we will do our

kate rooney is looking at that side of the story, but let's begin with eamon javers with the latest onard just today directly from colon kwan pipeline's ceo he testified before congress saying his company reached out to law enforcement within hours of the attack and the decision to pay the ransom was the toughest decision of his career, but necessary for the good of the country. >> we already started to see pandemonium going on in the markets, people doing unsafe things like filling garbage bags full of gasoline oar people fist fighting in line at the fuel pump the concern would be what would happen if it had stretched on beyond that amount of time >> reporter: yesterday, we learned a portion of the ransom has already been recovered by law enforcement. this coming in from the department of justice, yesterday, that these seized d 63.7 bit coins ransom payment, and tracked the bitcoin transfers. the fbi we now learned has the so-called private key to an address where those proceeds were transferred now, how exactly the fbi acquired that private key is not known publicly, and the fbi decl

i'm kelly evans along with eamon javers the topping the hour the mega cap tech trade the focus is back on gold. facebook joins the gold club >> cyber cold war. u.s. and russia talk tough on cyber crime in geneva but was any progress made? david petraeus and the co-founder of crowdstrike will take us inside the battle a fight that's costing corporate america billions of dollars. >> post-pandemic flight plan united make its largest aircraft purchase ever pap big bet over surge in air travel. "power lunch" starts right now ♪ >>> here's where the markets stand midday dow is up 32 points. s&p and nasdaq hitting florida day lives. bank stocks have been leading the way, losing a little steam this came afternoon. jpmorgan is negative all of this after releasing their capital plans yesterday. home builders are up after kay schiller said home prices rose more than 14% year-on-year the gains about 1% to 2% >> as the nasdaq don't hit those record highs nearly every day big tech once again leading the market with facebook topping a trillion dollar valuation. mark zuckerberg is speaking right now. l

. >> kristina, thank you, eamon, a pleasure "closing bell" starts right now. >>> thank you, kelly welcome. i'm sara eisen s&p 500 sets another intraday high, and dipping negative, along with the dow, as with he head into the close. >> i'm wilfred frost following the release of their capital allocation plans they are in the red. we'll talk much more about financials in a moment case-shiller home prices saw a record spike in april while consumer confidence hit the

eamon javers has the latest. eamon? >> jon, a gas hack now a meat hack company jbs usa.iar with the company but they own a significant production of the meat in the united states. details put out about this cyber attack saying the attack hit servers supporting north american and australian i.t. systems. good news from the company, they say they're back up servers were not affected as part of this might help them get up and running more quickly, but still say all of this may delay certain transactions with both customers and suppliers. so we'll wait for more detail from the company including what type of cyber attack this was. we don't have a lot of information here don't even know, for example if it was a ransom ware attack and if they're negotiating with the hackers over the price of ransom they might have to pay we'll wait for more detail from the company on all of that as we wait to see whether this has significant impact on their business as of right now, the backup servers weren't affected >> a little optimistic thinking here, maybe, as they try to get this thing up

dom. >> eamon, tell us the expectations with the face-to-face with vladimir putin.eting against a warsaw pact that doesn't exist, but russia does this is interesting with regard to the u.s./russia relationship. >> reporter: so much as stake in the negotiation, dom the first meeting with the two men with biden in the presidency they met before, when biden was vice president of the united states the president will focus on the ransomware attacks and russia's role in this and the military aggressiveness particularly in ukraine. can the president get deliverables from that the expectations, dom, are fairly low the idea is to send a forceful message and see what happens between the united states and russia one thing to watch is there will not be that joint press conference that we have seen in the past the president said he doesn't want to engage in that with vladimir putin because he knows we'll will analyze the body long the president doesn't want to engage in that >> i'm sure you will keep on top of that. eamon javers >>> still on deck, the price tag for the seat next

>> thanks, eamon, for having me back. any time you want to look at the variant, you want to look at lee characteristics. you ask the question, is it more contagious? the delta variant is way more contagious. the second question, is it more deadly if you catch it? the answer is it probably is more deadly. and the third question, does it cause more breakthrough infections? what we're learning about the delta variant, if you're fully vaccinated, you're actually pretty protected. even if you're just partially protected, say, one shot of the pfizer vaccine, you may get it. this is the most powerful variant we've seen. >> you heard and what the president was saying was america probably won't meet the president's goal of 70% getting vaccinated by july 4th. despite everything we know for speeding up vaccines to get everybody off the fence and vaccinated? >> look, we have to get to 70, we have to get to 75, we have to get to 80. this variant is not magically going to go away. my take is we've got to make vaccines ubiquitous. they

eamon javers has more on what to expect in day two of these hearings, good morning, eamon. >> reporterseph blount went to the hearing on one, a decision to shut down the colonial pipeline, why he made that call. and then, two, why he made the controversial call to simply pay off the hackers here millions of dollars going to an american company to a criminal organization senators wanted answers on all of that. he laid out in the worst case scenario how bad things were on the east coast and how bad they might become here's what he said. >> we already started to see pandemonium going in the markets people doing unsafe things like load garbage bags with gasoline. people fighting at the fuel pump the concern is what would happen if it stretched beyond that amount of time >> reporter: he also said he was worried about the availability of jet fuel for travel and concerned about availability of fuel for police, fire, all up and down the east coast. that is why he made the decision to simply pay off the hackers and get the crypto key back in order to unlock his system he said that key ultimatel

i think there's a much bigger picture that eamon just laid out. i don't want to get political but toling out the boats to than tuc nantucket is nice and quaint, i'm sure bk is upset about it, think about if it went to the bank or exchanges. these are just test balloons in my opinion for much bigger things down the road i do think although these stocks are expenexpensive, not caught the broader market, i think you want to be in them, fireeye will be a different company but zscaler despite how it makes sense so does palo alto networks. >> by the way, either scenario in the criminal group were responsible for these attacks or the russian government, either is not good. it's either a country, nation state going after our basic infrastructure or it's criminal group which could be selling whatever tools to another nation state or criminal group out there. james i want to get you in the coersation where would you gonot trade? >> i go with mcavy -- a name with a lot of experience on the consumer side, pc's are going to need to be protected democracy of co

with the latest for us eamon? >> yeah, hi, kelly take a look inside right now the briefing room in brussels. this is where we expect to see president biden momentarily. reporters are gathered there now waiting to see what the qulout come was from this meeting he had with turkish president erdogan. there you see some of the video of that meeting earlier just a short time ago reporters were allowed in for what they call a pool spray. it was the quickest pool spray i have ever seen president biden said he wasn't going to say anything in particular after that. that raises the question of what happened in that meeting and what were the particular takeaways from it. and you can be sure that reporters in brussels are going to ask biden about exactly that. so much tension points in this relationship, particularly about who's buying what military hardware from which country. there's a dispute over turkey's push of the russian 16s-400 missiles and then of course there's the u.s. removal of turkey from an f-35 weapons progra

let's go to eamon javers live on the ground in geneva tonight hi, eamon. >> hi, courtney.esidents have now left town and the big question is what did they accomplish here in geneva a lot of this was agreeing to continue to talk-variety of negotiations there were a couple specifics they were able to pin down starting with both country ambassadors going back to the capital. that's one take away that was viewed as the bare minimum for a successful summit here in geneva also they are agreeing to a bilateral strategic dialogue, they're going to talk about arms controls, they're both committed to that, and they're going to talk about krooibs cybersecurity, agreeing to ongoing conversations with those. preside president biden giving putin a list of critical insfra attack . >> i pointed out that we have significant cyber capability and he knows it. he doesn't know exactly what it is but it's significant. if in fact they violate these basic norms we will respond. he knows >> so biden explaining there that there will be specific outcomes for specific russian actions if the russians

cnbc senior washington correspondent eamon javers now eamon you spoke to a top justice department official about the relentless attacks what did you learn >> that's right, shep, lisa monaco has been leading the charge at the department of justice. she launched a 120 day cyberreview created a new ransomware task force and issued new guidance to the doj, and the fbi mandating immediate reporting to headquarters of any ransomware cases that pop up one of the key issues in this is whether or not the companies hit by ransomware are paying off the criminal gangs to get access back to their own computers. so i asked monaco whether jbs the giant meat processing company hacked this week paid off the gangsters or not here is what she said. >> i don't know the answer to that. >> do you think that the government should know whether the companies are paying ransoms or not. >> yes, i think we need to know. >> i also asked her what happens when the attacks on the nation's food and fuel supplies are not ransomware only. what if the attacker wants to lock up the systems and not sell back the key is the uni

javers is live in geneva eamon? >> reporter: there's a real -- there's another world leader who won't necessarily be in the room tomorrow, but who will likely be a topic of conversation. that's china's xi jinping. the increasingly cozy relationship between russia and china haz raced eye browse earlier this month, xi called putin his best friend, and is the -- the western military alliance for the first time said china's rise presents challenges to the nato members. nato secretary-general jen stolenberg said china has the world's second largest military after the united states, and already has the largee navy. biden tried to rally the g7 countries, to try to rally -- the spending 3r578 that helped send money and resources around the world to impoverished nation, helping china build clout economically and diplomatically around the world. earlier this week, biden said that both of the two countries, china and russia, are at the top of the list of global problems. >> i think that there is a growing recognition over the

and we have eamon javers on the ground eamon, a lot of people are watching this especially the putin looking at the transition of the diplomatic piece of the trip with the g7 and biden arrived at brussels headquarters. we met with the secretary-general and we discussed the military alliance with the united states and europe over the weekend, the g7 agreeds a lot of focus on china and russia and former president trump absence was noted in particular look at the take aways as you look at the agreement. 870 million doses of vaccine to poorer countries they agreed to endorse the global minimum tax they he cacalled on china over n rights and confirmed the call o russia this a turn away from the america first priorities of the presedecessor and more of ameria engagement with the world. >> the lack of participation in the past and full engagement was noticed significantly. not only by leaders of the countries, but by the people in the g7 countries america is back in the business of leading the world alongside nations who share our most deeply held values >> reporter: one of the most intrigu

and joins us now with more on what we may expect today eamon. >> reporter: good morning, brian.t is a beautiful day for a summit here in geneva, it's summery by the lake. that's where the two leaders are going to meet. it's a villa here on lake geneva where the two men will meet later this afternoon this is what we know about what the schedule is going to look like 7:00 a.m. eastern time, we'll see both men at the villa. we'll see putin arriving first and then joe biden arriving. that's because vladimir putin has a history of standing leaders up this way, if putin gets there first, biden doesn't have to be there log. this delicate dance choreographed. each leader will hold their own individual press conference on the way out. it's a change from what we've seen in the past where you had the joint press conference between the two leaders. joe biden says he doesn't want to do that because he doesn't want people calculating the matter of seconds each man, looking at the body language, the handshake, all of that analysis biden doesn't want to do any of that, he wants to simply say ho

eamon javers is there and he joins us with that eamon, what's happening?the united states and european union on aircraft subs subsidies. five year deal that resolves a 16-year dispute over how each side subsidizes the companies in their sector what we're learning is all tariffs that were authorized by the wto are suspended for a total of five years. this will go into effect by july 11th this agreement is reciprocal that is obviously it applies to both sides the united states will retain flexibility to reactivate the tariffs if the e6789 u. krotss what's called the red line and makes it difficult for use s producers. they're counter acting china's rising influence they're seeing a need to work together against china that was a theme we saw in the nato summit yesterday and in some of the e.u. bilateral meetings that president biden is having in brussels all of that taking place before he comes here to geneva, switzerland, later on today, becky. new news out of the trade agreement happening in brussels as we speak. >> eamon, let's just be clear about this i w

he helped prepare president biden for the summit first, eamon javers is live in geneva eamon? >> reporter: shep, there's a real sense of anticipation here tonight with that showdown there's another world leader who won't necessarily be in the room tomorrow, but who will likely be a topic of conversation. that's china's xi jinping. the increasingly cozy relationship between russia and china has raised eyebrows in washington earlier this month, xi called russia's vladimir putin his best friend and the trying to over come that at the summit. the western military alliance for the first time said china's rise presents challenges to the nato members. nato secretary-general jens stoltenberg said china has the world's second largest military after the united states, and already has the largest navy biden tried to rally the g7 countries earlier this week for focus on an alternative to the western world to china's delta road initiative, that's that spending program that helped send money and resources around the world to impoverished nation, helping china build clout economically and di

we know that's what many of you are looking for. 2:00 market time for now, over to eamon the russian president was kind and gentle toward the sitting pred, as he has been toward the last four or five. but the rest of it seemed to be a duck and a dodge >> a couple interesting moments. one was when he was asked when he saw when he looked into biden's eyes which is the reverse of what americans have been asked about. putin had an interesting line. we don't need to look into each other's eyes or souls. we need to represent our countries and our country's views. vladimir putin views this entirely in a transactional way. he seemed to be almost mocking president biden. we'll have to look at the translation on that, when he said biden mentioned his mother and his family he seemed to be almost downplaying those as unrelated to the topics at hand, but he said those are attractive qualities because it shows how much biden cares so he's either praising or mocking biden. we'll leave that to the russian experts, language experts. but putin here offering some insight into how he views this, very mu

i never ate it, eamon. ground beef and stuff in case i was ever going to need it., joe. >> we don't need to do that. things are okay. >> yeah. the company is saying -- they're issuing a cautiously optimistic statement. this is from last night. he's talking about getting up and running today. the ceo saying given the progress our i.t. professionals and plant teams have made in the past 24 hours, the vast majority of our beef, pork, poultry and prepared food plants will be operational tomorrow, that is today, wednesday jbs's status, on tuesday jbs usa and pilgrim's were able to ship product not necessarily process. they're making progress in resuming plant operations in the u.s., australia. several were operational as of tuesday. the canada beef facility has resumed production take a look at the dramatic changes in production. cattle down 22% week over week tuesday over tuesday hogs down 19.6%. that is entirely due to the cyber attack so there was a real impact here on production but presumably with the plants getting up and running today, that impact can be mitigate

he has our top story tonight eamon. >> reporter: any response to the russians in terms of cyber actions, cyber strikes, contains enormous risks and that's why strategy here so is important. one of the things we've seen going forward through this process is the biden administration has sort of accepted the putin administration's premise, that the russian government is not the entity that's behind these attacks. if the biden administration accepts that premise, that means the attacks themselves are not an act of war. but it also means that any american counterattack is also not an act of war, more like law enforcement, and even if that law enforcement action is taking place in the city of moscow that allows both sides to continue to engage in this conflict without, we hope, escalating out of control. there are other tools that the white house has and we learned about some of those today. biden has directed his team to work with countries around the world to impose so-called know your customer rules on cryptocurrency exchanges similar to rules that prevent crime in the banking system biden

eamon, eamon, i thought he was going to talk about meat he is going to talk about cyber stuff.hite house giving the gop a week to reach a deal on infrastructure eamon javers whose ears were burning earlier. we talked about you. i thought about you immediately with cyber attacks we need i every day on that beat >> it's always something. >> let's start with this this is infrastructure. >> reporter: yeah, let's start with the transportation secretary, pete buttigieg yesterday or over the weekend setting this deadline now of june 7th saying that the republicans have about a week after they come back from their memorial day recess which they're on this week to come together with democrats and cut a deal here, otherwise, the administration is hinting they're going to have to move on unilaterally on infrastructure take a look at the math. you see what the problem is. the problem is they're way off in terms of numbers. republican senators want a $928 billion infrastructure plan. biden has proposed 1.7 trillion. they're not too far apart. the republican plan includes only $250 billion i

so there is the reaction from the former guy as the current guy would call him, sara >> eamon, it's fullding the full blog post and the recent article on this topic. there's a few issues i have with it one line that says we know today's decision will be criticized by many people on opposing sides of the political divide, end quote. but it shouldn't be a political issue. they claim not to be a publisher in other areas, but they're kind of making themselves a publisher in this instance so i think that bringing the politics to this themselves rather than being able to blame those who have issue with it in either direction as being the ones that are taking a political view i take issue with the other line of his blog that stands out is this quote of course this penalty only applies to our services. mr. trump is and will remain free to express himself publicly by other means that completely ignores the fact that facebook and other social media platforms are now the most powerful communication tools in the world. it would be like holding a tv debate in the '60s or '70s and muting the microphon

we'll get to eamon javers a little later jon?> yes, indeed meanwhile tim cook at the bottom of the hour. a legacy in health after tbreak. >>> first, canaccord calls coy the supereverything to crypto. notice the q2 weakness is telegraphed. stay with us more "techcheck" after the break. ♪ when i was young ♪ no-no-no-no-no please please no. ♪ i never needed anyone. ♪ front desk. yes, hello... i'm so... please hold. ♪ those days are done. ♪ i got you. ♪ all by yourself. ♪ go with us and find millions of flexible options. all in our app. expedia. it matters who you travel with. wondering what actually goes into your multivitamin? at new chapter, expedia. its' innovation, organic ingredients, and fermentation. fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done. zero-commission trades for online u.s. stocks and etfs. and a commitment to get you the best price on every trade, which saved investors over $1.5 billion last year. that's decision tech. only from fidelity.

cnbc's eamon javers on the top story tonight from geneva. president biden did say he laid down some rules of the road on cybersecurity in the wake of that space. >> that should be off-limits to cyberattacks, including the energy sector and water systems. even as he said he made no threats to pewing, he also laid out a detailed if they shut down the sector he thought he saw a moment of recognition from the russian side of the damage that that could do to their economy. >> i pointed out to him we have information cybercapability, and he knows it. for his part vladimir putin said it's the suns, not russia, that is responsible for most of the cyberattacks in the world, but he agreed the talks had been positive >> we spoke face-to-face for about two hours. it doesn't happen that you have that kind of conversation face-to-face. >> shep, there was a testy moment at the end of the biden press conference, where a frustrated biden snapped boop at a reporter who asked him how can he be so sure that putin will change. >> when did i say i was confident?

we mentioned this with eamon yesterday.d president putin shake hands. physically shake hands. >> you didn't like shaking hands before you are a bigger germophobe than i am. >> the elbow bump and fist bump. the question is etiquette. if you don't want to do the handshake, do you have to preemptively >> you do this -- achoo. >> and this not transmitted through touch. >> that's true >> however, my experience so far is people who go to do a handshake, they make a thing of it it is always commented on. it is not just assumed. >> i don't want to hug anybody i back away from people trying to hug me. i'm not there yet sdp. >> it is funny i go for a hug before a handshake. germ wise. >> i already have a cold i'm skittish from the cold thing.protected in the bubbles. now everybody is back out there, you pick up the general colds. that is a killer at 3:30 in the morning. i can't take that. i'm really glad to see everybody. i'm still gingerly going about how we do these things air high five. yeah >> you can catch the entire inter hview

cnbc's eamon javers on the top story tonight from geneva. >> shep, most of the progress here tonight was to agree to keep talking variety president biden did say he laid down some rules of the road on cybersecurity in the wake of that space. on the attacks on critical infrastructure he said he handed him a list of 16 critical element of infrastructure that should be off limits to cyber attacks, including the energy sector and water systems. he said they agreed on issues and how to change conduct there. even as biden said he made no threats to putin, he also laid out a detailed scenario for the russian leader of what might happen if u.s. hackers say in florida or maine shutdown the russian oil sector biden said he thought he saw a motel of recognition from the russian side of the damage that that could do to their economy. >> i pointed out to him we have information cyber capability, and he knows it. for his part vladimir putin said it's the same, no russia that is responsible for most of the viber attacks in the world, but he agreed the talks had been positive >> we spoke face-to-fac

washington correspondent eamon javers now we're already seeing the fallout from this hack. >> absolutely we are, carl at the company's biggest plant in colorado, cyber attack today forced the cancellation of two shifts that idled thousands of workers on what should be a big back-to-workday. beef and pork production for the entire country u usda released daily livestock slaughter figure this is afternoon, showing a 22% decline in cattle and 19.6% decline in hogs processed tuesday versus what happened a week ago that makes this cyber attack a strike against the nation's potential food security and more worrying than the usual hacker mayhelm. >> when you're stopping these meat processing plants, when they can't produce the food we all eat in this case meat, that is a major threat to our way of life not just here in the united states but really around the world. >> officials said the white house offered assistance to jbs and usda has been in contact with the company several times the department of homeland security is offering technical support. a white house spokeswoman said today the biden

>> reporter: well, eamon, i can't help but think as we've been covering this trip, the first foreign trip the president has taken since assuming office. this is the first time he's really had an opportunity to meet one on one, face to face with a smaller group in cornwall, the g7, now a larger group, 30 heads of government from nato countries plus other related officials in the eu summit tomorrow. while we're trying to explain what has indeed been a very long delay, one of the surest explanations is the president is taking every opportunity he can to have some meetings on the sidelines. looking back at what has already been a fairly full day for this president, this has been a trip the president wanted to make a larger case about the strength of democracies versus autocracie autocracies in the 21st century. we saw at the g7 summit a final statement from those leaders where for the first time they called out china specifically for some of inunfair labor practices, human rights abuses, and a stronger word today from the nato countries not just focused on russia and its aggression, of c

let's bring in eamon javers in geneva give us the highlights from president putin.n. >> president putin suggested it was a constructive engaging conversation between the two leaders, scott, the president suggesting both leaders agreed to exchange ambassador remember they had suspended their ambassador from each other's capitols now he says they will exchange ambassadors once again that was the low bar for success of this summit they went about 3:15, that's a lint less than what we thought the entire summit would be in the two parts it was broken into that is a live look at where we expect president biden to appear am sought point now that vladimir putin is done putin also suggesting here they agreed to continue talking in terms of the cyber astacks that have been happening in the united states. he said they agreed to start negotiations on cyber security that is at least an effort to continue a dialogue there. no takeaways here necessarily, as putin describes it. he also said that he believes that most of the cyber attacks that happen in the world come from the unite

eamon, especially with the martha's vineyard ferry.hat an interesting target. >>> ebikes, meat hacks and the ceo of hewlett-packard enterprise, a lot more ahead this hour. antonio just getting started so it's another day. yeah- that's what most people think. but in business it's never just another day. every day is the day. there's the day your store has its biggest sale. the day you have a make or break presentation. and the day your team operates from across the country. but there's also the day you never see coming- the day when nothing goes right. see- that's the thing. you never know what the day might bring. so whether you do business on wall street or main street you have to be ready. with the power of the network that can deliver gig speeds to the most businesses. the freedom to control that network from anywhere. and advanced cybersecurity to help protect every device on it. all backed by a dedicated team 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. >>

shep >> eamon, thank you. it's not just a meat giant conglomerate feeling the pain. cattle ranchers are taking major hit from this ransom ware attack we are near a ranch near sacramento >> ransomware in calornia is having an immediate effect, ranchers say a delay of a couple of days in the meat-processing indury could reverberate all the way from grocery store shelves back to the pasture. >> there's four compans that control 80% of the market. 50 years ago there ud to be a butcher shop on every corner now you're hard pressed to find one anhere in town we have a very fragile system and these kind of events bring that to the forefront and show people how critical to have a safe food supply >> ranking is an ancient way of life but in the modern era, 's been digitized each one of these cows is given a tag on its ear that gives them a unique identifier which helps build a system that allows everything from a usda food safety tracking system to the ability to forecast markets to the ability for you and to know what fresh meat and what is not all of that is under threat in

is live in moscow with more from his exclusive interview with putinin moscow with more but first to eamon javers live in geneva. china and russia two topics of big discussion at the summit in brussels today >> absolutely, shep. this summit was as much about who wasn't here as who was here. china, russia, and also donald trump, none of them here but all looming large over this gathering, president biden said is that this gathering was an opportunity for the united states to move past the america first policies of his predecessor and he also said this is an opportunity for the global democracies to show that they can compete with the fast-rising autocratic countries. >> because there's a lot of autocracies that are counting on them being able to move more rapidly, and successfully, in an ever complicated world than democracies can. we concluded we're going to prove them wrong >> now looking ahead to his meeting with vladimir putin later this week, biden said he's not looking for conflict >> i'm going to make clear to president putin that our areas where we can cooperate if he chooses and if

eamon javers is at the dogej wih the person leading that charge for a cnbc exclusive >> reporter: that's deputy attorney general. thank you for having us here, first of all secondly, what can you tell us about what the changes are here at the department of justice in terms of the way you will handle these ransom wware cases going forward? >> great to be with you. what rearewe are doing here reag to the they posed to security. i have conducted a 120-day review for everything the department is doing to combat issues including cyber ware. we have established a task force to bring all of our tools to bear to ensure we are going after these attack networks. yesterday, just yesterday i issued a directive to every federal prosecutor in the country that we need to treat ransomware attacks with the severity and the urgency that it merits that means centralizing reporting back here to the department of justice from around the country so we have a national and, indeed, a global picture of the threat of ransomware attacks including the illicit use of online infrastructure and networks that fuel thes

colonial pipeline ceo is back on capitol hill eamon javers joins us with more.yesterday. he defended his decision it was an hour and ten minutes from when they detected the incident to the time they had the entire pipeline shut down. he also defended his decision to pay the ransom saying he was worried about what would happen up and down the east coast, airports, first responders and the like he had simply no other choice although it was the toughest decision he's made in his career he had bad news for ceos who might be facing a ransomware attack of their own in the future take a listen to this. >> what a lot of people don't realize about cyber attacks and repercussions of the attacks, it takes months and months and months and in some cases years to restore your systems. >> reporter: so his message there was don't think necessarily you can pay the ransom, get the crypto key back and suddenly be scott free he said this is a long and ongoing process. he was interestingly a little bit ee vash sus with senator josh hawley on the question of exactly how much his comp

eamon javers, thanks keeping us up to speed on infrastructure we'll take a break futures looking good new day of a new month. we'll get to that in opening bell in about seven minutes. why keep it in different places? sofi is a one-stop shop for your finances designed to work better together. spend with sofi and get cash back rewards that automatically go toward your goals. like investing in stocks, etfs, and crypto. that's better together. or pay down your sofi debt sooner. that's better together. and that's how sofi is helping millions get their money right. (♪ ♪) and that's how sofi is helping millions whether it's a technology first, (♪ ♪) a fashion first, (♪ ♪) a science first, (♪ ♪) or a first for us all (♪ ♪) whatever you hope to achieve for your business, cloud first helps you get to value...first (♪ ♪) let there be change accenture do you struggle with occasional nerve aches, weakness or discomfort in your hands or feet? introducing nervive nerve relief from the world's number 1 selling nerve care company. as we age, natural changes to our nerves occur which can lead to occasi

our eamon javers is live in geneva, probably the best live shot of the day, eamon. >> reporter: morgann brussels today. we have seen some of the action the at nato summit with the pictures of the leaders gathered together with the family photo of the nato leaders. the president had a weekend of diplomacy, now dealing with military issues with the nato alliance, and within the hour, we're going to see the president meeting with president erdogan of turkey, and take a look at points of tension in the past couple of years. so many of them having to do with who's buying which military equipment from who, there's the dispute over turkey's purchase of the s 400 missiles, dispute over the decision to recognizes 1915 armenian massacre as a genocide, and then there's the u.s. removal of turkey from the f 35 program we'll see the meeting between the two leaders coming up in just about an hour's time, and we'll watch for body language or readouts we can see in the wake of the get together to see how they resolved those issues, and of course all of this, morgan, su as you say is a preamble to vlad

javers with a preview for us, hi, eamon. >> hi, president biden landed here in geneva couple hours agovals be stagger, putin will arrive at 7:00 a.m. east coast time at the summit site. biden will follow him on his way into the venue the meeting is estimated to run four to five hours, they have an opportunity to stop for breaks if they so choose. each leader will hold their own press conference afterwards, president biden doesn't want to do that to see people counting to see how many seconds each leader spoke and jockeying for position, all that that's the lay out for tomorrow. the issues on tap, obviously the cyber attacks and ransom wair we've been seeing and the situation in ukraine and election interference including the united states all of which are on the table -- we will see those two leaders in a beautiful lake-side villa in geneva tomorrow to see what they agree to >> and just watching the body language and everything is always interesting eamon javers, thank you. we've also got the biggie, the fed meeting. >> really excited for that you can't go stages three or four in a row

. >> kristina, thank you, eamon, a pleasure "closing bell" starts right now. >>> thank you, kelly welcome. i'm sara eisen s&p 500 sets another intraday high, and dipping negative, along with the dow, as with he head into the close. >> i'm wilfred frost following the release of their capital allocation plans they are in the red. we'll talk much more about financials in a moment case-shiller home prices saw a record spike in april while consumer confidence hit the highest levels, and moderna is the top performer in the nasdaq 100, hitting a record high after the company said the vaccine shows promises in lab tests against variants, including the delta. we just slipped into the red moments ago. >>> we have a big show in just a few minutes ariel's rupal bhansau, and later marty walsh will be with us ahead of friday's key jobs reports. we'll talk about the impact of unemployment benefits and much more. >>> first up, let's focus on the stories. mike santoli joining us to break down the big moves in the bank, and jeffrey hart from piper sandler. mike, set the stage for us. >> you know, i don't k

eamon javers is in washington with the latest. >> kelly, the company is jbs, and the white house is saying a criminal gang likely operating out of russia is responsible for the cyberattack they saw on sunday jbs says a number of ships have been canceled. they're telling workers to simply stay home until they can work through some of necessary i.t. issues. they're saying that jbs notified -- came from a criminal organizations, likely based in russia the white house is engaging directly with the russian government and delivering the message that responsible states do not harbor ransomware criminals. we have a come are more details from jbs here, saying it attacked the north american and australian companies the backups were not affected, which is good news t all of this comes after the colonial pipeline hack which wreaked havoc, and just before the meeting in geneva coming up this month between vladimir putin and president joe biden, so a lot to talk about at that meeting, as you're now seeing alleged russian hackers impacting the gasoline markets, these are fundamental staples of our econom

back-to-back hacks, the clolonia pipeline and the meat column rate senrr washington correspondent eamon javers. >> reporter: any response to the russians in terms of cyber actions, cyber strikes, contains enormous risks and that's why strategy here so is important. one of the things we've seen going forward through this process is the biden administration has sort of accepted the putin administration's premise, that the russian government is not the entity that's behind these attacks. if the biden administration accepts that premise, that means the attacks themselves are not an act of war. are not an active war. it also mean the counter attack is also not an active war. more like law enforcement and even if the action is taken place in the city of moscow. that allows both sides to engage in this conflict without escalating out of control there are other tools. we learned some of those today biden thrwants his team to work with countries around the world. biden asked for an aggressive, accelerated review of the government's policies on paying ransoms on criminals in capitol hill today, c

eamon bundy announced he's running. he's the rancher that captured national attention in 2016. that went on for a while. 41 days. there was a huge standoff with police. one person died. what do you think in. >> does he have a chance to be governor, david? >> well, it is a crowded primary field. i think he's certainly within a strain of the republican party right now which is antigovernment or liberty and freedom. >> this is idaho. it is something to watch. you can't go through this trump period and look at some of the strains on the right around some of these issues without thinking somebody like this has a shot. >> i think that's right. i don't think you can rule anybody out. this also, we have to consider the fact that this is the person who was charged with trespassing. >> would that work in his favor though? >>> the law and order party shown us that's actually something that they hold democrats to. it is not something they hold themselves to. we saw what happened on january 6th and how they don't want to have any accountability and how they treated the officers who protecte

order china is also being called out for the fast development of nuclear missiles >>> cnbc reporter eamonon "the news with shepard smith." >>> there was a continued uproar from data seizures from lawmakers and journalists. john zimmer is expected to leave his position earlier this week. >>> enbridge energy, critics have opposed the -- back to you, scott. >>> the investment committee is making news today. tiffany is buying more target. why so >> i did we just got a new client, so target is a staple for us. it's consistent and same we own it to balance out some of the mortgage volatile that we owns >> dr. j, you still have some exposure >> yes, i do still love target, and i think that virtually everything they're doing plays right into the strength of the reopening trade, going back into those stores rather than their omnichannel or their digital, which worked out phenomenally for them during the pandemic i think many of the stores have been redesigned, scott, so people have a better experience when they go in there. yes, i still own target. >> they've had a nice move, three months up nearl