frank holland is back with those. ed chairman jay powell is set to kick off two days of testimony. powell will deliver the semi-annual policy report starting with the house financial services committee he's not looking to exit the easy money policy. powell has vowed the current strategy will remain until substantial further progress is made on the fed's employment and inflation roles. >>> solar winds is warning some customers that hackers have discovered and exploited a new vulnerability in the systems the software company in the center of that massive data breach said it was alerted by microsoft to this latest unrelated hack they'll be targeting certain products increasing output. they're suggesting that apple expects the first iphone launch since it will unlock additional demand dom, back over to you. >> thank you very much for that. >>> delta airlines is set to report second quarter earnings before the bell today. investors will be looking for any guidance on the return to the skies and signs of international and bu

. >>> good morning, i'm frank holland from cnbc.l street set to open your lower with several mega cap tech companies today. stocks posting small gains yesterday. with the dow, the nasdaq and s&p 500 all closing at record highs and notching a five-day winning streak. in focus today reports on durable goods, home prices and consumer confidence plus earnings from 3m, ge, u.p.s., apple, google parent alphabet, microsoft and visa. the fed begins a two-day meeting today. it isn't expected to make any big policy changes but investors will look for any insights on interest rates, comments on the economy and inflation. tesla reporting a bigger than expected second quarter profit topping $1 billion for the very first time. sharply higher sales of less expensive electric vehicle such as the model 3 and raised prices to boost margin. tesla cut costs which helped offset the supply chain shortages. ceo elon musk says tesla expects to launch production of the model y this year, but the electric semitruck is delayed until next year. >>> american ai

welcome back i'm frank holland inway through0 a.m. hour.ts lower at this point. this after all three indices ended at record highs after stumbling over renewed covid concerns this week is a busy one for investors with a blockbuster week for earnings. especially with big tech you see the names there. we particular off with tesla later today and results from apple, google, microsoft and amazon throughout the week another number of high profile companies reporting. 3m, boeing, mcdonald's, ford, pfizer and our parent company comcast. >>> the fed kicks off the latest policy meeting tomorrow. no action is expected, but any mention of the banks decision to wind down the bond program could see a concern for the market. >>> and a lot of the wex faithful's concern coffee the best week since 2014 year to date, it is up nearly 50%. colombia is dealing with frost damage there. >>> among the top stories. bipartisan group of senators trying to finalize a deal on the infrastructure package lead gop negotiator rob portman says they are 90% of the way to agr

frank holland, interesting appreciate it.>> as we head to break, stock futures down big we are seeing stock futures off 400 points for the dow nasdaq down 155. a lot of selling with no big screaming reason why bitcoin down more than $2,000. oil off 1% as well john is coming up next he will layout what he thinks is acg ti bs nd where people are plinoponetright now. stick around fe or sporty. modern or reliable. we want both - we want a hybrid. so do banks. that's why they're going hybrid with ibm. a hybrid cloud approach helps them personalize experiences with watson ai while helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ >>> welcome back let's turn to the markets on what is said to be a wild trading thursday dow futures down 364 nasdaq down 160. who better to have on than john nagarian we will talk about china and the etfs what the heck is going with the stock market i see no headlines as to what may be kick

. >>> time for a new update with frank holland. hi, frank.appening at this hour assistant coach for the minnesota vikings may be the first in the envelope to lose his job for refusing to get vaccinated espn reporting that rick dennison is out after refusing to get the shot. the vaccine are set to hold their first practice for next season on next wednesday. >>> teams leaving the surfside site search efforts will now been transferred to local police that are now combing through debris that's been move off-site. >>> in-state students in california starting next fall will see a 4% increase on the positive sigh, students will see no tuition hikes, as long as they graduate within six years. >> $13,000 a year, that sounds less -- >> it depends on what state you're in. >> well, there we go frank holland, thank you very much. >>> still to come, citi's byron le levokitz joins us, as well as ian bremer >>> shares have edged their way back up for the week ♪ ♪ ♪ cisco. the bridge to possible. the pursuit is on. the pursuit of outperformance at pgim. with

welcome back i'm frank holland in for big papa, brian sullivan here's how stocks are looking halfwayough the 5 a.m. hour. the dow flat the s&p and nasdaq both firmly in the green all three indices snapping their five day growth streak with the nasdaq suffering a more than 1% drop we want to get a look at some of the stocks right at the center of china's ongoing regulatory crackdown. we see alibaba up more than 1% meituan up 7%. tal education up 11% now we want to take a look at this morning's other top stories. bertha combs is back with those. good morning again, bertha. >> reporter: good morning again, frank. president biden reportedly set to reveal new steps in the battle to combat the delta variant surge. all federal employees and contractors will be required to be vaccinated or submit to regular testing. he also expects to reveal new incentives to encourage more jabs the move would follow the cdc's decision to reverse its mask recommendations saying that vaccinated people and kids in hot belts in this country should once again wear them indoors we're learning new details meantime

"power lunch" starts right now with frank holland in for tyler. >>> robinhood's rocky start, the stock dropping below its ipo price as investors turn cautious >> our growth is organic and word of mouth. we think we've scratched the surface. >> robinhood ceo is betting his fast-growing company will grow even more. a prominent venture capitalist sees risk. >>> a ceo triple play, raymond james, international paper and realogy out with earnings and with a distinct take on their corners of the economy we'll also find out where they stand on mandating vaccines. "power lunch" starts right now >>> and here's where the markets stand this hour. the dow up 220 points, near session highs, hitting an intraday record along with the s&p and nasdaq record intraday highs. we'll see what the close brings. steady trading pattern the last couple of hours even with robinhood sinking there. let's check in on robinhood falling in its trading debut priced at $38. at the low down 10%. trading at $36 and change right now. frank? >> kelly, that's right where we begin. as you mentioned robinhood down. over to les

wednesday, july 21st, you're watching "worldwide exchange" right here on cnbc >>> good morning i'm frank holland in for brian sul sullivan let's get right to the markets after the dow closed up 550 points higher than yesterday monday, the worst day of the year for the markets futures right now in the green the dow up towards the top just about 200 points all three indices closed a percent and a half higher than yesterday. the 10-year, we track that every day. the 10-year yield stabilizing. around 1.25 after falling to its lowest level in five months on monday of course, we're watching cryptos. bitcoin back above 30,000 trading 3% higher this morning we'll have much more on that coming up in the show. now to trading overseas. our jew man na versace has the latest. >> it's amazing how market sentiment quickly turns around we're seeing it in europe. very strong balance across all of the european majors we're almost at the tops again 5100 in the u.k., up about 1.4%. very strong day for retailers. one name in focus is net very good bounce back in some of the oil and energy there are some of the trave

frank holland spoke with him about the results and is here with more for us pretty big movement in theng earnings and that commentary from irwin simon that he's exploring acquisition of a packaged goods company or m&a with the u.s. cannabis producer focused on potential cannabis legalization at the federal level. >> going after the consumer area today, consumer products that couldverted and having msos that have retail stores that will allow us to sell adult use products or medical products is a second tier >> in its first earnings after the tilray merger, 27 cents per share compared to estimates of an 11 cent loss. those missed estimates, the company's price fell 24% and tilray took a charge caused by the covid shutdown of retail stores in canada that forced customers to shop online, and he believes, led newer customers to shop by price. >> your grandmother is not -- i don't know if she's going online and ordering and, secondly, there's no one to help her through what she's buying in regards to potency, why she's buying it is for sleep, for anxiety, for pain and why she's buying it. s

i'm frank holland in for shepard smith.st on apple, spotify or your favorite podcast platform flowers are fighters. that's why the alzheimer's association walk to end alzheimer's is full of them. because flowers find a way to break through. just like we will. join the fight at alz.org/walk narrator: in this episode of "american greed"... el chapo's american protégés... the twins were probably the largest cocaine and heroin traffickers chicago's ever seen. ...peter and jay flores, two working-class chicago brothers who reached the heights of the drug trade... ferrara: the twins were directly responsible for moving $2 billion. ...earning the trust of the world's most wanted man -- notorious international drug lord joaquín guzmán loera. we were living every drug dealer's dream. tonight, peter and jay flores are in hiding, but, for the first time on television, their wives are ready to tell the whole story. our husbands were making $10 million a month in profit.

. >>> i'm frank holland in for shepard smith.ssengers. >>> the return of tourism in paris. the eiffel tower officially open for business after months of being covid closed >>> and football's new moves to highlight social justice. >>> the nfl now planning to double down this season on promoting racial justice messaging. that's according to reporting from front office sports the league started leaning in last year amid nationwide protests around police brutality and social justice but this year they're working to prove it was just a one-off. the nfl will use signs on the field, decals on players' helmets and they plan to play "lift every voice and sing" at all big league events. joining us now is sports business correspondent jabarry young. are these reports of these renewed policies, are they enough in your mind? >> frank, it's good to see you, man. you're on shep's show. i was on the phone with some nfl executives tonight and this is about more so -- they're going to implement this again. but this is about trying to prove that th

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high for the dow, the markets shaking off delta fears as team usa get ready to chase the gold i'm frank holland in for shepard smith. this is the news on cnbc. >>> let the games begin. the torch is lit but covid casting a dark shadow. more athletes sidelined just as the competition starts >>> backlash over the nfl's new covid rules. players sounding off, on coach reportedly out of a job as the fight over vaccines hits the gridiron. >>> a race to prepare for hell on earth after a wildfire in the west explodes to megafire status. what officials are saying on the ground. >> we don't have a fire season we have a fire year. >>> the american workweek may no longer be working for employees. inside the new push to give us all the perfect work/life balance. >>> gm's second all electric recall >>> shots fired outside the haitian president's funeral. >>> and tom hank revealing cleveland's new name. >>> the facts, the truth, the news with sheppard smith >>> good evening, a long-awaited olympics finally under way a year late, and what is usually a raucous opening ceremony, instead, well, they look like this

frank holland. >>> dominos gets chewed up, starbucks spending and amongst monster energizing marketsday fast forward. >> reports, rates and livelihood are the key themes next week the busiest weeks of earnings season kicks off with resolve from tesla after the bell. alphabet, apple, microsoft, visa and starbucks are just a few of the names reporting on tuesday wednesday brings results from facebook, paypal, ford, pfizer, mcdonald's and boeing. amazon reports thursday and the week closes out with chevron and exxon. the fed meeting kicks off tuesday with interest rate decision on wednesday. investors listening for change of sentiment and talk of tapering and it's one of the highest anticipated ipos this year, robinhood debuts thursday on the nasdaq robinhood sees a price between $38 giving it a $35 billion valuation at the high end. the company is setting aside as much as 30% of its shares for retail investors plus rates on the housing market, new home sales, pending home sales for the month of june that's your friday fast forward. ♪ ♪ ♪ digital transformation has failed to take off. b

i'm frank holland from cnbc. is set for a flat open after stocks pulled back yesterday on inflation worries. the dow falling more than 100 points as the government reported consumer prices rose at the fastest pace in 13 years. leading some analysts to say the spike will likely be temporary and focus on producer prices. apple is reportedly locking to ramp up production of the iphone this year anticipating heavy demand as consumers upgrade. making as much as 20% more why the newest version expected to be unveil in september. >>> twitter is rolling out the ability to change who can reply to the tweets after you posted them. with the new update you can change who can rely after the fact which may help down on potential harassment. the feature isusnd laura, great you. >> i was just telling marcus the same thing. >> she is like i don't think i have seen frank since i have been back in the building. >> been a while. >> how you been? >> doing okay. >> have you been back to tahoe? >> obvious. >> come on. come on! you know

high for the dow, the markets shaking off delta fears as team usa get ready to chase the goal i'm frank holland a dark shadow, more athletes sidelined just as the competition starts. >>> backlash over the nfl's new covid rules. players sounding off, with you coach reportedly out of a job as the fight over vaccines hits the gridiron. >>> a race to prepare for hell on earth after

i'm frank holland.izon and mastercard announcing a new partnership to further digitize the $50 trillion consumer spending market with touchless options. the two ceos speaking with cnbc about the increased security of 5g payments and how it could be touchless retail as merchants face a labor shortage. >> you can use this system to make much more simple ways of transacting with your customers and that's of course what we see with touchless, coming from the covid i think we see much more touchless. >> both ceos hope to have new 5g products for consumers and retailers by 2023. kelly. >>> over to seema mody now for trading nation. >> kelly, air bbnb getting a rae double upgrade to buy. the firm seeing improving trends particularly in europe analysts citing slow return to the office with companies ad adopting a hybrid model and that could incentivize folks to travel this fall in comparison to its fast-growing challenger expedia, todd gordon is here and gina sanchez. the data, gina, those vacation rental deman

i'm frank holland joined by bill griffith that was president joe biden signing an executive order, noncompete agreements for workers. let's bring in our ylan mui with much more. >> frank, i thought it was so interesting there to hear president biden essentially make the argument that the growth in corporate consolidation, the increase in market power is hurting consumers not just over price but as you mentioned over things like noncompete clauses he even got a laugh when he said there shouldn't be any secret in what's in the patti at mcdonald's versus burger king that would prevent a worker from taking one job versus another job at a restaurant over things like wages i think this is a signal from the white house they are taking a much more comprehensive and broad view of what constitutes potentially anti-competitive behavior than has been the prevailing wisdom for the past 40 years the white house, though, cannot do all of these things alone they have 72 actions and recommendations they're making across the government. they're going to need the federal agencies to step up and put the things t

. >>> i'm frank holland. here is your cnbc news update this hour. be released on bail ahead of his trial with restrictions under a deal with prosecutors announced during an l.a. court hearing, barrack is charged with illegally lobbying the u.s. government on behalf of the united arab emirates an appeals court is disqualifying a private judge in angelina jolie and brad pitt's court case jolie argued he failed to disclose business. cleveland will change their name >> the name change will be ditch for some of us and the transition will take time. it is our hope and believe this change will divert us from a divisive path and instead steer us to the future where our fans, city and region are cleveland guardians. >> the team getting a new name and logo following a similar move by the washington football team >> frank, thank you. >>> let's pivot back to the markets and get a check on record highs for the s&p and nasdaq the dow could close above 35,000 it is the laggard. let's rewind a bit here. the dow was down almost 1,000 points again, a pretty strong ga

frank holland, thank you very much really appreciate it today that does it for "the exchange" today. "power lunch" starts right now. >> we have a power hour ahead. a tough day for nasdaq, but all that could change this afternoon, because we've got heavyweights, apple, alphabet and microsoft set to report their earnings how you should be positioned, and how the next few hours could determine the direction of the market. >>> the next front in the battle, the u.s./china battle, that is rare earth metals and elements there is a race to secure critical supplies of these m minerals and we are live at the only american operating mine where the department of defense is playing offense. >>> our powerhouse road trip, next up, raleigh, north carolina the market is hot. the inventory among the lowest in the country a veteran realtor will tell us why this market right now is like nothing he's ever seen before "power lunch" starts right now >>> thank you, tyler hi, everybody. we begin with those earnings you might be seeing nervousness ahead of big tech results today. the nasdaq is down more than

is tuesday, july 27th, 2021 you are watching "worldwide exchange" here on cnbc good morning i'm frank holland in for brian sullivan kicking off your tuesday with u.s. stock futures pointing at losses ahead of the opening bell the dow looks like it could open 150 points lower the nasdaq and s&p both down fractionally stocks coming off another record session with all three major averages trading in record territory and trying for the sixth straight day of gains. plenty of data to chew on. durable goods. pay s&p out at 9:00 a.m. july consumer confidence at 10:00. the econ story is jay powell and the fed kicking off a two-day policy meeting today suggesting that tapering is still a way off pending data over the next several months and the stock of the day has to be tesla. quarterly profits soaring to a record $1.1 billion. the company now in the black for eight straight quarters. despite supply and production issues more on tesla coming up. >>> europe's trading day is well under way. julianna tatelbaum is in the london newsroom with more. good morning, julianna >> reporter: frank, good morning. w

get to the show but a small piece of the business >> frank, do you want to jump in >> this is frank hollandreat news that your venues are getting back open in the u.s. and the uk my question is about payment will we see concerts where people go up to a bar with a $20 bill to get a drink or use cash? are you working with nethem to move that forward to the 21st century? >> it's a great question like most companies will tell you, we use covid to do a lot of rebuilding, infrastructure programs, products around ticketmaster contact was a big piece we accelerated. you'll go to venues and will be able to get in, buy your ticket, buy that beer, buy that t-shirt contactless through your app through the web. yes, we're going to make that experience a lot more seamless and touchless for you. >> reporter: interesting a question about the competitive landscape. we had spotify, which you are partnered with, announcing more in the concert space with smaller venues and artists and then also two executives from endeavor leaving your board because of potential conflicts there. what does the competitive lands

"power lunch" with frank holland in for tyler >>> the delta variant changing the war against the virus according to cdc internal documents. we're going to break down what could be a real game changer for businesses if they try to bring workers back to the office upwork weighs in the future of banking. the banks 20-somethings trust with their money it may not be what you expect. disney fires back at scarlett johansson calling her lawsuit against the company sad and distressing. is this the beginning of a new wave of financial battles in the streaming era? "power lunch" starts right now >> thank you, frank. hi, everybody. here is where stocks stand this hour, dell is down, the nasdaq is down more than that, about two-thirds of a percent. we are on track to notch our sixth straight positive month for the nasdaq what's today, the 30th looking to close out july. shares of amazon reported their first miss since october of 2018 off the lows down just under 7% right now. 3352 this is the highest profile team so far this season commodity costs are a theme in this morning's earnings. p&g with fr

i'm frank holland, this is your etf edge quieting down lately the market off to a sizzling start to summer off the busiest week in almost two decades now china's cybersecurity crackdown given investors serious pause on hot new issues lie ride hailing share didi. joining me of trends and kathleen smith, founder and co-chair of renaissance capital. the ipo etf is tomorrow. kathleen, you first. how are you feeling about the rip the effects of china's crackdown on the ups market? >> the ipo market is still on fire record-setting levels. maybe there hasn't been enough time for investors to do due diligence. i think we're in for a cooling off, triggered somewhat by what's happening with didi and some other chinese ipos. so the first day positives high, but aftermarket returns faded because it's so high to achieve a return after that first day. so this is good. a little fear in the market will help maybe not the issuers, but investors such as our etf will benefit when prices are a little more reasonable in the ipo market. >> yeah. kathleen, a lot more than a little in the market dave, over to you

the markets shaking off delta fears as team usa gets ready to chase the gold i'm frank holland in for shepard smith. this is the news on cnbc let the games begin. the torch is lit, but covid is casting a dark shadow. more athletes sidelined as competition starts backlash over the nfl's new covid rules. players sounding off, one coach reportedly out of a job as the fight over vaccines hits the gridiron >>> a race to prepare for hell on earth after a fire explodes to mega fire status. >> we don't have a fire season we have a fire year. >>> the american workweek may no longer be working for employees. inside the new push to give us all a perfect work-life balance. >>> gm's second recall >>> the cleveland indians' new name >>> live from cnbc, the facts, the truth, the news with shepard smith. >> good evening. the long-awaited tokyo olympics finally under way. a year late and honestly, snilt shad over covid. usually what is a raucous ceremony, it looked like this. the arena pretty much empty. fewer than 1,000 fans sat inside a stadium that can hold 68,000 the tone somber at times to reflec

"power lunch" starts right now with frank holland in for tyler. >>> robinhood's rocky start, the stockcautious >> our growth is organic and word of mouth. we think we've scratched the surface. >> robinhood ceo is betting his fast-growing company will grow even more. a prominent venture capitalist sees risk. >>> a ceo triple play,

deirdre bosa and jon fortt we're going to talk china and regulatory fears first, a news update with frank hollandr confidence inching lower this month but still way above forecast and remains at levels not seen before the pandemic the report suggests economic growth is off to a strong start in the third quarter. >>> home prices surging again in may, the average price in big metropolitan areas jumping 16.6% over the last year it is the biggest increase on record going back 35 years. >>> u.p.s. shares sinking about 8% investors looking past the top and the bottom line beats to focus more on slowing shipping volumes here in the u.s. fedex shares falling in subympah as well. >>> 3m trimming losses, down 1%. q2 results ahead of estimates and the company raised its full year guidance, but 3m also warned of higher material and logistics costs. jon, back over to you. >> frank, thank you. >>> and now, a gut check on intel. investors are not convinced, the chipmaker falling again after it revealed its new road map to take back the chip manufacturing throne by 2025 manufacturer revealing new technologies an

"power lunch" with frank holland in for tyler >>> the delta variant changing the war against the viruse a real game changer for businesses if they try to bring workers back to the office upwork weighs in the future of banking. the banks 20-somethings trust with their money it may not be what you expect. disney fires back at scarlett johansson calling her lawsuit against the company sad an

frank holland, thank you very much really appreciate it today that does it for "the exchange" today. >> we have a power hour ahead. a tough day for nasdaq, but all that could change this afternoon, because we've got heavyweights, apple, alphabet and microsoft set to report their earnings how you should be positioned, and how the next few hours could determine the direction of the market. >>> the next front in the battle, the u.s./china battle, that is rare earth metals and elements there is a race to secure critical supplies of these m minerals and we are live at the only american operating mine where the department of defense is playing offense. >>> ou

." ♪ >>> welcome back time for a cnbc news update with frank holland. here in the u.s. in nearly two decades the person has been isolated at a hospital, and is now in stable condition. >>> in napa county, california, a small plane crashing into a vineyards and catching fire. police have not released conditions of the three people on board >>> and scrapping plan to traveling from france. the ease been hog planned to take effect on monday. today new covid infections surged in britain. the most in more than six months wilf and sara, back over to you. >> frank, thanks so much it's been almost a decade since 3-d printing the ceo is next. >>> and more details about solar names. >>> check on the virgin ga galactic, losing nearly 40% in this week alone following richard branson's journey to space on sunday. we'll be right back. experience our advance standards safety technology on a full line of vehicles. at the lexus golden opportunity sales event. get 1.9% apr financing on the 2021 rx 350. experience amazing. municipal bonds don't usually get the media covera

frank holland has more on some of the names frank?losed down 12% off their high you look at the trucking stocks themselves, j.b. hunt, the largest container shipper closed down 3% ahead of its earnings. remember, containers is the majority of how consumer good imports enter the united states. knight swift falling 3%. big box stores also seeing the impact trucking demand has boom during the first half of the year demand is down a bit since the fourth of july, but that's a seasonal thing there's news that opec will increase production, providing some hope of relief in the second half. back over to you >>> frank, thanks so much. concern over the delta variant weighing in on investments some countries are imposing new lockdown requirements. thank for joining us, ruchar my first question is when you look across europe or asia, are the only countries imposing strict lockdown measures those with low vaccinate ratings or could that type of action made it to the u.s. as well? >> i looked at that. first there's no strong relationships where asi

for more on how shipping companies are getting ready to transport those potential booster shots, frank holland more for us. >> u.p.s. announced announced the adding of storing those time of materials u.p.s. and fedex partnered with each other and the government to distribute vaccines, now they're in a cold war of sorts to be the leader of cold-chain ships both have the facilities u.p.s. says it's focusing on other temperature-sensitive pharmaceuticals. >> probably 50% of drugs today in development are biologically der derived, from organic material, derived from proteins, all of them remember temperature con control. >> the demand for cold-chain capacity is forecast to increase 24% over the next years. >>> straight ahead, the s&p is up around 16% for the year, could we see a correction coming in the next two to three months? our next guest says it's a strong possible. >> later the space race is heating up, as sir rich and branson prepared for his flight this weekend peter diamandis has his own ticket we'll ask him how big the industry could become. we'll be right back. ♪ and a man's gotta lear

sara, back over to you >> transports down 2%, no thanks to u.p.s thank you, frank holland >>> straight ahead, from bear to bull, why one analyst is changing his tune on apple >>> later, the ceo of po lars is joins us for his outlook for the power sports industry. you're watching "closing bell," dow down 120 points here on cnbc rush hour will never feel the same. experience, thrilling performance from our entire line of vehicles at the lexus golden opportunity sales event. lease the 2021 is 300 for $379 a month for 36 months. experience amazing. for $379 a month for 36 months. experience amazing. (sound of people returning to the workplace) (sound of a busy office) (phones ringing, people talking, meeting) the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. safely. securely. and responsibly. so now, between all apart and all together, there's a bridge. cisco. the bridge to possible. the world's first fully autonomous vehicle is almost at the finish line what a ride! i invested in invesco qqq a fund that invests in the innovat

that's weighs on the rail stocks frank holland has those details. >> after the new the president willtive order for pricing and rail and ocean shipping to deal with the surface transportation board that's an agency that must approve the merger despite volumes that are double digits higher. back over to you >> thank you very much, frank. the transport average right now down more than 3%. anything ire interested in -- >> we have very easy comparisons in terms of volume and volume growth as the economy continues to be strong, you'll see better volumes. they've been focusing very much on costs, right? i like that company. by the way, if the std proposed in 2016 to change competitor switching, and nothing has been done this is not a forgone conclusion three companies have 80% market share in the shipping indecent, right? so to me, the rails have never really had a pricing story it's more about volumes and margins. >> that makes sense. we're almost to the close. >> it's pretty much at the opening in terms of breadth. is the russell 2000 has had a crazy ride snow it's gone back to underperfo

on tv >>> special survey of cfos revealing the sentiment for the return to the office this fall frank holland studio depends on what your occupation is, frank, right >> absolutely. people outside of the business journalism world not you people one-third of tech leaders and hiring managers say their employees will return to the office at first. a lot of caution in the corporate world. this survey in june with concerns over the delta variant. 33% will have in-person as the only option. and then the mix or hybrid is the plan for the second half of the year vaccines are part of the plan. 16% responded say the vaccine is mandatory for returning to the office and 70% said vaccines would not be mandatory employee safety and wellness is the consensus according to the survey respondents citing employee productivity and aligning with the company mission. look at the results. 84% believe workers are productive or more productive than the start of the pandemic joe, back to you >> frank, return to the office obviously, we're new at this it is an evolving situation. any more definitive decisions to corpora

frank holland here with more on the seltzer trade. >> boston beer, the maker of truly hard seltzer closedcohol stocks with the exception of ab imbev, they've under performed the market in the past three months. even as bars and restaurants reopen, hard seltzer growth has slowed down. credit suisse issued the new rules for hard seltzer seltzer will gain 10% of the u.s. alcohol market by 2025 up from 3.5% today. forecast new opportunities for promotion including things like hard seltzer tastings, sponsorships and large public events and the credit suisse note says that will benefit big brands the most. white claw currently the leader. credit suisse sees a huge opportunity to grow share and actually white claw's growth is actually decelerating during 2021 back over to you. >> more competition. thanks. >>> up next, we're looking ahead. levi strauss earnings are on deck we're betting big on stretch to denim. coming up when "closing bell" comes right back hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine

i'm frank holland.ng near the flat line this morning the major averages managed to notch record highs from a sector perspective. energy is outperforming up more than 1% so far today a big drop this july which would snap an eight month winning streak every stock up 1% or more today. now i'll send it back wno l youdo t where you learn, work, and fly... we help make them healthier. we are the people of abm. for more than 100 years, we've been a leader in making spaces cleaner, from the things you touch to the air you breathe. today, more than 100,000 of us are innovating to ensure spaces are more efficient, healthier and safer. abm. making spaces healthier for you. rush hour will never feel the same. experience, thrilling performance from our entire line of vehicles at the lexus golden opportunity sales event. lease the 2021 is 300 for $379 a month for 36 months. experience amazing. >>> bub to "squawk on the street." l.a. county reporting over 2,000 covid cases on sunday as the delta variant sweeps across

earlier this year andrew >>> news just out from verizon and mastercard we want to get over to frank hollanddigitize the global spending market here at mastercard's new york city tech hub collaborating, looking at things like innovation, tap and touch technology for smart phones that allows these smart phones to be turned into tap and touch. this partnership will focus in part on enabling small and medium medium-sized businesses to take payments with smart phones with wearables and also use touchless shopping technology. >> a large retailer can easily do this. a small business, how are they going to do it that's exactly what this will bring. 5g allows us to deliver the full experience i'm going to go, choose an item in the shop. but tilely you don't have the color i like i'm going to have it sent home it's going to be paid once it arrives. all of that is coming together. >> and i spoke to the ceos from both companies they say they expect new innovations from this partnership by 2023. back over to you. >> frank, really quick, just to put a fine point on it, is this to go after the paypals and

for more business headlines we turn to frank holland.t 35 years lower. really a major turn around for what we saw monday, a week ago, the worst day of the markets some of them are buying the dip. whether or not that was stock picking or machine trading, but in general analysts and investors have been encouraged by profits comes in. we're also looking at bitcoin. >> go ahead, frank. tell us about bit coin. we're watching it really closely here. it is a big milestone for people who are crypto investors. the moves don't always make sense, but the point today that amazon may start accepting them, elon musk and others talking about it in a positive way, another catalyst there. >> that is amazing. let me ask you about the stock rates. everyone talks about thedown going on. nasdaq in the past six months have exploded. i take it we're seeing record numbers with the tech stocks really driving this rally, right? >> last week we saw twitter and snap really beat expectations and this week we have huge tech names, amazon reporting it's reporting on t