well deserved eamon. thank you both stocks under pressure here, and near session lows.clines with the russell 2000 small caps down 4% since monday's opening energy th

eamon? >> bob, thanks great news there and great news to see marky mark. i hope you had your funky bunch dance moves in full effect today. >> reporter: i got my picture. >>> and coming up, a new era of cyber threats potentially putting corporate credit ratings at risk. new analysis from s&p global plus as lumber prices plummet, say that three times fast, some prices are going down. one wall street firm says there are smart bets to be made in the sector we'll tell you what they are and as we head to break here is how u.s. bankcorp and morgan stanley are trading post earnings morgan stanley doubled its dividend and increasedts ybk. i ♪♪ ♪♪ ♪♪ >>> welcome back to "power lunch. let's take a look at the lumber-related names in stocks in play. goldman sachs of weyerhaeuse and boise cascade and louisiana pacific at sell ratings. the price of lumber has been on a roller coaster ride, reversing dramatically from its highs earlier this year down more than 30% on a year-to-date basis, just a year-to-date basis. goldman likes weyerhaeuser those shares still down half

what do we know, eamon >> reporter: brian, it hit over the weekend. attention. what we know is this attack initially hit keyseya. it hit more than 1 million systems from the attack. that statement revil is looked at as the exaggeration they would not have known how many systems they have gotten into here. they are also saying they want $70 million ransom paid in bitcoin. again, experts say that number could come down significantly. some of the folks i talked to over the weekend said the ransom might be $25 million revil group says all companies can decrypt within an hour if they get paid. here is what kayseya is doing. they have an update in an hour from now they say 60 customers were compromised. the update is 1 starks 500 bus 1,500 businesses they are working with the u.s. government >> okay. a lot going on there by the way, was your camera hacked eamon? we saw you online. what happened? did they pay the ransom again? this is becoming now a weekly event. >> reporter: it is this is in the wake of that geneva summit with biden and putin where they wer

dom. >> eamon, we know you are not a lawyer what is the law on this? for something like this for a class-action lawsuit? >> they are sorting through this what is the level of cybersecurity you have to have to be adequate and below which you are negligent? that is a fuzzy area and ultimately who has to pay. is this an act of god like a hurricane or is this something you could see coming and need preparation. all of that is sorted out. if this does go forward, which is, as i said, to be determined. if that goes forward, it has to be sorted out in terms of the details of the case. a lot of companies are watching this to see what their liability could be going forward this could be an important one >> not just this industry, but every industry eamon javers, thank you very much >>> coming up, treasury secretary janet yellen warning that the delta variant warning is a threat to the economy. >>> and if you haven't already done so, follow our podcast. check us out on apple or spotify or other podcast apps. we'll be right back. modern or reliable. we want both

big media and big tech knoll as well >> eamon javers, thank you. >>> just want to note.eral times up 5% up about 23% on the week that does it for us. "halftime" starts now. >>> and steep rise in tech thanks, jon. how long a winning trade likely to last for nor money. debate that today with our injechlt committee joining me, good to see everybody today. we begin as we always do a look at stocks and ten year. that remains a very big story. ten year below 130 a short time ago. stocks all over the place for the most part. dow's holding ton a 57-point gain s&p and nasdaq in green as well. several big growth

good morning, eamon. >> reporter: good morning, frank.s is the 17th year ibm has done the data breach report. the findings are bad news for companies on the receiving end of all of the cyber attacks. the company found the average cost is up 10% in the last year. in this weird pandemic era that remote work was a big new driver of vulnerability, remote work is involved in breaches of 17.5% of companies. the remote breaches took more time to chase down and costs just over $1 million more to fix as well. so these things can be steep and which industries had the highest costs from all attacks health care took the top spot followed by finance, pharmaceuticals, technology and energy here's an interesting statistic on ransomware which we have heard so much about recently the average total cost this year is $4.6 million. that's not including paying the ransom itself. ibm reminds us that costs from the ransomware attack include everything from detection, escalation and notification to lost business and the post breach response. all of that is getti

eamon, we begin with you take it away. >> we got reaction from the white house where press secretary jen psaki said that the united states is having high-level consultations with the russians on this issue she also rattled the u.s. sabre a little bit, suggesting that the united states reserves the right to respond, depending on who the u.s. determines is responsible for this latest hack attack here's what she said >> we have undertaken expert level talks that are continuing. we expect to have another meeting next week focused on ransomware attacks i will reiterate a message these officials are sending as the president made clear to president putin when they met. if the russian government cannot or will not take action against criminal actors residing in russia, we will take action or reserve the right to take action >> here's what we know from the company itself that was impacted here they say we're just about two hours from getting some of the servers back up and running. they say that will be expected to happen between 4:00 and 7:00 p.m. tonight they're also saying they're going to

we're watching the cyber security stocks in the wake of the biggest ransomware attack on record eamony at the center of this said only about 50 of its initial clients were directly impacted by the ransomware but all of those clients have customers of their own and those customers were then impacted as well the total universe we're looking at here they say is about 1,500 total businesses globally. 700 of those companies are here in the united states the company describes them all as small and medium-sized businesses, examples include dentist offices, small accounting offices and local restaurants. we heard from the white house today, they are reserving the right to respond, melissa, here saying they're going to finish up the attribution process and if it is determined this is the russian government behind this, they say they will be prepared to respond president biden himself said he is still gathering detailed information, but so far what he's seen suggests minimal damage to those american companies. >> eamon, thank you. eamon javers >>> guy, you were pointing out the monster moves ac

after weeks of reporting, cnbc's eamon javers is here with some answers.dan kaminsky's friends describe him as someone with a big heart who spent his career helping other people, a member of a group you may not have heard of but they control security for a key part of the internet, a group called trusted security representatives they get together four times a year in california or virginia for what they call a signing ceremony, and even during the pandemic, they have kept up a modified schedule, at least three of the seven of them must be present to make this ceremony work >> bravo, bravo, 46592092. >> okay. thank you. >> this little known ceremony is an incredibly secure process it involves two saves in a locked cage, along with physical and cryptographic keys distributed among the trusted representatives so no one person can get into the system alone. jeff moss is the founder of the hacker convention deaf con he's known by the nickname the dark tangent, and he was close friend with dan kaminsky, he explained what's going on in the signing ceremonies. >>

i apologize for interrupting you i want to go to eamon javers momentarily. he has breaking news we have some infrastructure news eamon, is that right >> scott, that's right progress up on capitol hill senator portman saying now republicans and democrats do have agreement to move forward on the massive infrastructure bill that they've been discussing in a bipartisan way republicans and democrats together they could begin the process of voting on this as soon as tonight. we don't have the details of exactly how many hundreds of billions of dollars are in this final agreement. but rob portman suggesting that they worked out some of the harder issues, including some stuff on transit funding and a dispute over how much was going to urban areas versus rural areas and the like these are all the kinds of las minute things that can be a snag on a big bill like this. the biden administration has been looking forward to getting this done on a bipartisan fashion. so that they can then move forward later with a bigger 3-plus trillion dollars spending package that they ca

inflation and bond market said you will accelerate in the course of the next year. >> all right ben eamonse back, more of the big money movers and shares of ford racing higher. >>> first, as we head to break, check out bitcoin and other cryptocurrency you see prices just a hair above $40,000 for bitcoin. ethereum price is $2,300 litecoin is $183 stay tuned more when "worldwide exchange" returns after this break i'm still 35. that's why i take osteo bi-flex to keep my moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex. find our coupon in sunday's paper. ♪ put a little love in your heart - david ruffin ♪ osteo bi-flex. my bad, my bad... good race! -you too! you were tough out there... thank you, i'm getting you next time though. oh i got you, i got you. hamblin goes down. d'agostino helps hamblin back up. are you okay? -yeah. >>> welcome back to "worldwide exchange." time for the big money movers. three stock stories of the morning. first, ford. automaker reporting a profit and sales rose 40% in the second quarter. beating analyst forecast s

i'm kelly evans along with eamon javers wages climb and the cyber security industry, as you know, is hiring like crazy they're scrambling to fill half a million positions nationwide >>> on wall street the bulls are in control the s&p hitting another interday high wall street will slow its roll our guest tells us how he plans to profit. >>> inventory is falling, bidding is rising and penthouses are driving demand we will take you on a tour of a special one, "power lunch" starts right now >>> and here is where we stand on the markets, what, about 90 minutes left to go, two hours, something like that? what time is it? before a three-day weekend the dow is up about 141 points, the nasdaq up 94 we have green across the board all after the strong jobs report we are on track for the major averages keeping an eye on the dow in particular slightly the underperformer today we're watching lordstown under investigation by the department of justice shares are dropping 11%, down around $9.2. some under the radar names are hitting new highs. waters, otis world we are talking about all-time highs in

cnbc senior washington correspondent eamon javers is with us. amono, the pressure is really building on the president to respond in some way. >> reporter: absolutely. the white house said today it isn't going to preview its punches in terms of what its response might be. they do know there's a lot of expectation, they'll find a way to hit back against the attackers. >> president biden's credibility is on the line, he said in geneva he will not tolerate the activities being conducted against the u.s. economy, he will not harbor nation states who harbor them. >> reporter: former cia director david petraeus e-mailed me this, a comprehensive approach is needed with sanctions among the many components of such an approach, and former nsa director mike rogers told me today the u.s. needs to realize that a pure law enforcement response hasn't worked in the past, and these criminals have now used all the money they've made over the past six months or so to make themselves as powerful as only nation states used to be rogers also said the u.s. can use cybe

. >> eamon, thanks i was going to be surprised if you got a detailed explanation there.nue to work at it eamon, thanks. >> nothing in detail from the white house. >> now, the next guest raised $150 million in series f round taking the company from unicorn which it was already to a $4 billion valuation in ten months. joining us now is the co-founder and ceo firm arctic wolf brian nay smith. a platform allowing experts from arctic wolf to really get hands on help manage a customer's existing security system why is this a particularly potent pitch at this time? >> well, two reasons the threat environment is as bad as i've ever seen it people are fighting. they're concerned we read on the news you guys talk about it all the time there is a real big problem there. the other aspect is there is a talent shortage. people can't find people to do this work. combined with the problem we're able to deliver a solution that helps them address the need. >> given the challenges we're seeing right now, ransomware, top of mind, how does a model like arctic wolf come to bear? are you able

. >>> we've got a few developments in the hack of electronic arts eamon javers has the details >> thea stolen from ea sports and posted on the dark web earlier this week is source codes of the massively popular soccer video game fifa 21. this according to consultants for cnbc at the cybersecurity firm q6. hackers posted that data earlier this week. we've been analyzing it and confirmed what it is just today. the stolen data includes visual studio project files and the consultants at q6 tell us the risk to ea is in terms of piracy and potential cheating in games by people who get access to this source code on the dark web. the hackers involved here are demanding a ransom they are threatening to release more information that they say they have stolen from ea they claim to have user data from the sims 4 game and they're demanding payment in less than 45 days. we went to electronic arts with this and asked them for their comment. they are saying a couple of things they don't like the idea of the term ransomware. this was an extortion attempt. so some very strong words here from ea. they a

steve liesman, eamon, a pleasure see you tomorrow that does it for "power lunch," everybody. "closing bell" starts right now. >>> thank you, and welcome to "closing bell. i'm sara eisen market another red hot inflation number the major averages slightly higher as we head into the close. small caps are sharply lower >> wilfred frost earnings are front and center once again, more big banks reported results today the financials among the weakest sector with bank of america seeing a

this is not a done deal but maybe the beginning of a potentially done deal. >> washington speak, eamonvery, very much. amon javers for us >>> reporting another record quarter with $1.2 billion in net revenue, also upped guidance on wealth management trends joining me is staples ceo. can i ask if there's anything you would oppose in the infrastructure deal that's coming together? i would guess the major stumbling point because i don't think anybody's against infrastructure, would simply be the cost >> in this case, it's investment so, i'm encouraged to read about this it's roads, broadband, bridges this is infrastructure that we need to compete. so, i encourage them to get it done >> all right let me ask you then sort of with that out of the way about some of the other macro trends we have going on here infrastructure would be macro positive the fed decision, which looks like any kind of tightening is going to be delayed because of what's going on with delta you think that's about right that those two major things are tail winds for market getting through the economy? >> i do. i don't e

lot of money >> these guys have had a rough time >> clearly they have you shutdown, what do you do eamonleast 60 people are confirmed dead after a once in a century storm triggered devastating flash floods in western europe and we just got word more than 1,300 people are unaccounted for. officials in germany now declaring a state of emergency as heavy rain turned streets into flowing rivers. researchers using these -- or rescuers i should say using these helicopters to pull up families trapped on their roofs. the german army announced it's deploying some 200 soldiers to assist in the rescue operation this drone video shows the extent of the damage the rushing water swept away cars, even knocked down buildings. a similar story in neighboring belgium where some homes are too dangerous to stay in local officials are now asking residents to get out and move to higher ground. international coverage now from our sister network sky news and their reporter michelle clifford in schuld, germany >> reporter: nothing could have prepared the residents for what happened here, for the torrent of water

and eamon, remind us, when president biden met with president putin, what was that discussion, again,o men? >> i was in geneva for that and this was the top of the agenda, one of the most important things the two men discussed on the heels of the colonial pipeline hack, the meat hack earlier in the year as well, all of those attributed to russian linked entities what biden said at that meeting in geneva was he presented vladimir putin with a list of 16 critical sectors that he said were to be off limits for cyber security and one of the questions that i've been talking with cyber security professionals about today is if you present putin with a list of 16 things that are off limits, is the mistake there that it implies there are some things that are inbounds for cyber attacks and one of the security professionals i talked to today said you know, that does imply that, and this latest attack doesn't hit any of the things that biden would have suggested would have been the critical infrastructure, so maybe the russians received a message that the president wasn't necessarily trying to se

shep >> eamon, thanks >>> a massive heat dome parked over the country 42 million of us beneath it.coast >>> the and a miracle drug turns 100 years old. why are people still pcerid out? lowering the cost of life-saving insulin next above everything? you decide fast... is never fast enough. you put muscle over matter. and you make horsepower... a superpower. ♪ welcome to the brotherhood of muscle. >>> a massive heat dome is parking itself over the u.s. this week, brings scorching temperatures to tens of millions of us. forecasters are predicting temperatures will climb to 10 to 15 degrees hotter than average the extreme heat and high humidity come after a deadly heat wave in the western u.s. last month meteorologists bill karins tracking it all for us bill >> here we go again, right so we dealt with the early heat wave in the summer in the northwest, record shattering this is not like that. this is what you expect in the middle of the summer and the midwest and deep south you haven't had a horrible summer. it hasn't been hot that changes 38 million people impacted, we can travel 1,80

hi, eamon. >> good morning.websites associated with the hacking group revil are in fact down this morning. now, these are sites maintained by the hacking group which has been linked to russia in the dark web they use these sites to communicate with their victims to publicize some of the material that they've stolen all of those now are down, we are today, by two high-ranking cyber security officials here what you see if you try to go to an revil site says a server with a specified host name could not be found. try again. that saul of the information we have right now we don't know exactly why these sites are down we don't know exactly when this event began. although all of the sites have been active recently what we do know is that president biden spoke to vladimir putin last week about cyber security and some of the ransomware attacks that have been hitting american companies and we do know that a senior administration official said this last week about the expectation that united states might strike back. a se

cnbc washington correspondent eamon javers joins us now.they did demand the $70 million to unlock all the computers and they have lowered that demand to 50 million and experts think they could negotiate even farther down from there. >> cyber criminals can be negotiated with. it wouldn't surprise me if someone was to pay the ransom for it to be closer to the $40 million to $50 million ballpark. >> there's so many companies involved in all of this because the software company attacked called kaseya helps its customers deploy software and even though the company says only 50 or so customers were directly impacted, the ransomware then spread to more than 1,000 of the customers' customers so the question then is who, if anyone, will pay the ransom will scores of little companies negotiate their own settlements with r-evil or will kaseya issue a payment that will cover everyone the u.s. government recommends that companies should not pay criminals, but one former hacker told us today that some of these firms may be desperate. government, and i un

and the post-breach response and all of that stuff is getting very expensive, shep. >> seems to be eamonse lawmakers calling on the pentagon to investigate why fighter pilots are having breathing problems onboard the f35. the military's new trillion-dollar stealth fighter jet fleet. a subpanel of the house arm services committee is pushing the defense department to examine and fix potential issues with that f-35 and the breathing system onboard. a nasa study found the flow of oxygen to f-35 pilots was unpredictable and changed, with every single breath. in 2017, the air force grounded f-35s at a base in arizona, after pilots suffered hipoxy-like symptoms already, facing serious scrutiny from lawmakers because of its massive price tag. it is said to be the world's most expensive weapons system, ever the f-35 costs around $36,000 per hour to fly. >>> fancy a little seafood restaurants are coming up short. the reason they are being forced to scale back. and if that news isn't hard enough to stomach, wait until you hear what the heat is doing to shellfish in washington state. >>> backyard sw

now over to eamon javers >> employers added 850,000 workers with the hospital at area making up moregs are up more than 3.6% rising imports all set with a smaller increase of imports. now up 45% from the same period in 2020. that's a big number. remember where we were a year ago today. so 45% up from a year ago. tesla car sales rising from a new record despite the global ship shortage ford sales sank 47% overall in june pick up sales dropped even more. those are roughly in line with the forecast the condition of two pilots are unknown as they managed an merging landing of a boeg 737 plane in the ocean off hawaii. one pilot was airlifted. the other taken by ambulance >>> another day one, next with the new qualcomm ceo more about the challenges a haeds for andy jsyas and amazon purely as a tech stock follow me. ♪ (realtor) so, any questions? (wife) we'll take it! (realtor) great. (vo) it will haunt your senses. the heart-pounding audi suv family. - dearest gastro pubs, bistros, and restaurants... thanks for treating every small plate like a big deal. we promise to serve as seriously as

well deserved eamon. thank you both stocks under pressure here, and near session lows. the major averages pacing for weekly declines with the russell 2000 small caps down 4% since monday's opening energy the worst-performs sector for the day and the week some names are down double digits this week retail beat estimates, but an early read on consumer sentiment is mixed. >>> and renewed pressure on didi 59 minutes left to go in the trading week at session lows, sara. >>> coming up on today's show, as covid variants add a layer of uncertainty, we're talk to dr. scott gottlieb for his outlook on the trajectory. and we'll ask about biogen's sell offon the alzheimer's treatment. >>> later on the show, the ceo of canopy growth joins us. >>> first of all, let's focus on the big stories. mike santoli is tracking the record, and steve liesman has a look at the data you said trfr fridays looked god lately, but what happened? >> there's been a graph stational pull under the service market just more stocks down than up. there's been a problem how many stocks were undergoing profitta

they are forced in there is no way around it and the fees are ex or ate >> saying yeah google has eamon oply but apple is worse. incredible rally for apple shares hitting another high. up 5% since tuesday. >> can they both have eaa monopy in the app stores. >>> president biden will sign the executive order. joining us now to break it down. commissioner, good to have you it seems to me there is a lot in here in what this order is trying to do to put an emphasis on what the ftc might look into. do you have a problem with these kind of focus points or more the power of what these guys want? >> i think it is more of a focus point. what i think is big and new is that it contemplates a big, broad regulatory order i don't think we have the regulatory imposition. do you mean things like giving extra scrutiny something we have been doing in fact, we have challenged a number of deals in razor industry and gene sequencing adding new rules and regulations that may not have the effect of competition at all i think we need to be working on rooting out the bad apple and stopping it. >> there are some

eamon javers has been all over this story every week.n't appear to get better. bertha coombs, thank you very much >>> let's turn back to the macro markets and your money and bring in our friend jeff kilburg of financial wealth and cnbc contributor. the cio of sanctionary wealth. what is the macro he view of th markets? i don't know if we are hitting stall speed or what? how do you feel? >> i feel pretty good this morning. sully, great to see you. the interesting thing, i know we are in the heart of earnings season we are excited to see what morgan stanley does today. the banks have kicked off great sentiment. the theme is fed chairman powell he is so cool. he was able to shrug off cool numbers. i want to call him cool hand luke he allowed this to grind higher. lock-in-step across the sea, visco talking about not tightening any time soon the central banker with the one-two punch. all talking how they let inflation move higher. we can talk all we want about inflation. we saw blackrock from the wage inflation move all employees higher 8%. t

eamon javers has more on this ransomware hack that impacted more than a thousand businesses when all done. >> reporter: that's right. kaseya is the company that's impacted they have been putting updates on their website on a fairly regular basis. we're expecting some new information from them. here's what they told source far. they say there are only 50 companies directly impacted by this hack. so the problem for kaseya is that all of those customers have customers themselves and so the total impact they estimateis about 1500 businesses. being called the biggest ransomware attack of all time. they do anticipate bringing servers back online later today. so there might be some relief in sight here for some of these customers which are generally smaller and mid-size businesses. i talked to a ceo earlier today of a cyber security firm and i asked him about this request by the hackers, the group revil for $70 million ransom payment and whether or not he thinks they will get paid that here's what he said. >> cyber criminals can be negotiated with. it wouldn't surprise me if someone paid th

eamon picks up the next hour of msnbc reports. msnbc reports. ter. pay for clean.'re 55 and up, t-mobile has plans built just for you. switch now and get 2 unlimited lines and 2 free smartphones. and now get netflix on us. it's all included with 2 lines for only $70 bucks! only at t-mobile. age is just a number. and mine's unlisted. try boost® high protein with 20 grams of protein for muscle health. versus 16 grams in ensure high protein. boost® high protein also has key nutrients for immune support. boost® high protein. here are the two battling to the line boost® high protein also and allyson felix... simone manuel's above her trying to fight on, and above simone... getting an opportunity to show her stuff. nonstop, displayed at the highest performance level... finding something and the us takes gold! ♪ dream on ♪ ♪ dream on ♪ ♪ dream on ♪ ♪ dream on ♪ - yes! ♪ ahhhhhhh ♪ ♪ dream until your dreams come true ♪ to make my vision a reality. i have to take every perspective, and see clearly from every point of view. with my varilux progressive lenses i seamlessly tra

eamon javers has the latest. >> kurcourtney, we don't have ao of details of that meeting, we do knowin the situation room and we don't know what course of action biden will take over the past couple of weeks or so a lot of them emanating from russia we do know that jen psaki did talk to reporters on air force one. the fbi insists they're in touch with the republican national committee. they have yet to determine attribution for an attack that apparently happened over the weekend on a third-party vendor to the republican national committee. also, jen psaki saying that it's not in the white house's interest to, quote, preview our punches in terms of any potential response by the u.s. government to this attack on kaseya in the ransomware attack and president biden has a wide range of options in order to figure out what they want to do here so the white house not really saying specifically what decisions, if any, have been made and just saying the president has a wide range of options. >> i'll take it. eamon, thank you cybersecurities popping, among them with crowdstrike with shares rall

big media and big tech knoll as well >> eamon javers, thank you. >>> just want to note. before we hit noon, central one, we mentioned several times up 5% up about 23% on the week that does it for us. "halftime" starts now. >>> and steep rise in tech thanks, jon. how long a winning trade likely to last for nor money. debate that today with our injechlt committee joining me, good to see everybody today. we begin as we always do a look at stocks and ten year. that remains a very big story. ten year below 130 a short time ago. stocks all over the place for the most part. dow's holding ton a 57-point gain s&p and nasdaq in green as well. several big growth names today hitting new highs. apple within a couple of bucks of that new milestone. we weis, start with you you got caught the wrong way in a trade you had, now out of. tell us. >> yeah. tbt, the ultra, meaning that it's doubling the size of the position using leverage essentially. i was betting on short treasuries specifically around 20 year. didn't work out. as you may recall, when i went into the trade i said, look, i t

eastern time, eamon mohyeldin talks with congressman betty thompson and we're still waiting for president jobs report out this morning. we'll have that live. >>> after a 15-hour delay, rescue operations have resumed at the apartment collapse in florida but now there are new warnings that a hurricane could be on the way. we're going to take you there live for the latest. ble by making it more affordable, that's why we're keeping our tuition the same through the year 2021. - i knew snhu was the place for me when i saw how affordable it was. i ran to my husband with my computer and i said, "look, we can do this." - [narrator] take advantage of some of the lowest online tuition rates in the nation. find your degree at snhu.edu. super emma just about sleeps in her cape. but when we realized she was battling sensitive skin, we switched to tide hygienic clean free. it's gentle on her skin, and out cleans our old free detergent. tide hygienic clean free. hypoallergenic and safe for sensitive skin. feeling sluggish or weighed down? it could be a sign that your digestive system isn't working at it'

i'm kelly evans along with eamon javers wages climb and the cyber security industry, as you know, ising to fill half a million positions nationwide >>> on wall street the bulls are in control the s&p hitting another interday high wall street will slow its roll our guest tells us how he plans to profit. >>> inventory is falling, bidding is rising and penthouses are driving demand we will take you on a tour of a special one, "power lunch" starts right now >>> and here is where we stand on the markets, what, about 90 minutes left to go, tw

he's our own eamon javers here with an interview on the cyber world. >> it is so great to be here >>d it. >> you are >> i still have not mastered the art of taking off the jacket >> you are here. >> i'm in full body spanks here. cyber security firm led by former treasury secretary steven mnuchin following $389 million from previous. the company founded in 2012. secretary mnuchin's firm is investing $200 million sieker security is number 32 on cnbc disrupter 50 2021 list. our guests loining us now. leo, your company, after all congratulations. what are you going to do with all of this money? >> thank you very much it is a very exciting time for us we are going to accelerate our growth it is kind of a massive pressure on companies when it comes to ransom wear. hackers particularly from russia have become particularly aggressive companies need to find a way to develop themself we have developed a platform and to keep growing like we are right now in a hyper growth. >> when you look at the $275 million, that's a lot of money is this your last round of financing before an ipo is that wher

i'm kelly evans along with eamon javers americans are spending on everything from restaurants to clothesreaks down today's retail sale

valuation concerns and writing that it might be time to lock in profit heres bob, the stock has been such eamonother name it might seem like an obvious move but with dominos it seems they execute so well over the past decade >> for once i agree with an analyst. this makes complete sense to me. this is the ultimate peak everything story the stock's up 65% since the pandemic 15, 16 months ago. 65%? how much pizza can you possibly sell if you look at the metrics here, it's pricey. 32 times forward earnings. that's a lot for a consumer stock. earnings up 50% since the pandemic, 25% increase in revenues okay that's fine. but the stock's up 65% no the analysts make sense to me. i agree. >> this is worth it for those words alone out of bob's mouth kate, give us more color out of domino's here. >> i hear what bob is saying but, bob, the people want pizza. this was a positive quarter. very, very positive on the call. he mentioned their higher average tickets. also the company's ability to raise prices and not necessarily see the consumer pullback, something we also heard from chipotle he also talked dig

cnbc's senior washington correspondent, eamon javers spoke with an owner who is now part of a group suingbusiness. >> that's what ahmad, who knows by eddy, told his supplier when his gas pump ran dry after the colonial pipeline ransomware attack he manages an ez mart in wilmington, north carolina, where he sells gas and runs a convenience store. for eight days he had nothing to sell his customers at the pump >> when the gas is up, they didn't even blink. >> ez mart is the lead plaintiff in a class action complaint filed against colonial last month. they saw their sales drop nearly $8,000 in may, the same month ransomware gang dark side attacked the company >> the claim we seek to advance on behalf of the class is one of negligence that is this company was using legacy system, allowing remote access without multifactor authentication and had many warnings that this could occur. >> this is one of the attorneys representing the plaintiff in the complaint, which alleges colonial fails to properly secure the pipeline, resulting in fuel shortages for more than 11,000 gas stations. in a statemen

steve liesman, eamon, a pleasure see you tomorrow that does it for "power lunch," everybody. "closing bell" starts right now. >>> thank you, and welcome to "closing bell. i'm sara eisen market another red hot inflation number the major averages slightly higher as we head into the close. small caps are sharply lower >> wilfred frost earnings are front and center once again, more big banks reported results today the financials among the weakest sector with bank of america seeing a sizeable pullback we'll speak with brian moynihan in a moment. fed chair powell saying inflation will remain elevated likely in the coming months before then moderating shares of apple jumped to a record on a report it wants to boost production of its next iphone by about 20%. 59 minutes left to go in today's session. energy is seeing the biggest declines >>> a number of big names on today's show coming up, arc invest cathie woods talks about her investment in a fintech company taking on the likes of robin hood and latest thoughts on portfolio companies and new warning about chinese stocks and whether

bitcoin minors are following beijing's call for a severe crackdown on bitcoin mining and trading we have eamon javers, his entire job now is following bitcoin and ransomware. >> ransomware. >> it's happening every week at this point i don't know what it means is it decentralized? peer to peer only so much that can be mined anyway but you canned fight city hall city hall decides to do something, is it big enough to resist >> it seems a little bit like the horse is out of the barn at this point >> see, i don't think that's a good one because you can put the horseback in the barn. >> but if the horse is wild and runs away, how do you -- >> two cases out of the two. >> that's your take? >> no. no, it's not. >> that's your favorite? >> scramble an egg >> that's pretty good, too i'll use those because it is possible. >> do you use out of the bottle? the genie. >> we've seen that in "i dream of genie." >> and in a a laden. >> we digress. newly listed didi fell 20% the largest since alibaba went public in 2019 promising new comments from senator marco rubio. a known policy hawk telling the financial t

eamon, are you there i think he's gone. can putin tell them to stop?f putin. >> yeah. why would putin come after me? i'm nobody. >> you said you're not afraid of anyone. >> in this realm what are the -- >> he'll -- >> i'm not afraid of criticism is what i'm saying. >> you'll get an umbrella, you know, stuck in your foot or something. i mean, he's -- i'm afraid to even say that about him now. >> now you're in danger. >> now i'm afraid. remember abbiden called him a killer. >> as your shadow, i recommend you stop saying that. >>> a look at amc after the company canceled a shahoerreld vote on a secondary -- i think it is really a primary offering of shares. what's on the horizon? the answers lie beyond the roads we know. we recognize that energy demand is growing, and the world needs lower carbon solutions to keep up. at chevron, we're working to find new ways forward, like through our venture capital group. backing technologies like electric vehicle charging, carbon capture and even nuclear fusion. we may not know just what lies ahead, but it's only huma