frank holland is here with those. good morning, frank. >> reporter: good morning, dom federal officials and medical experts are recommending most americans eligible to get booster shots for covid vaccines the official announcement on the matter could come as soon as this week. officials expected to recommend the boosters eight months after americans received the second dose of the shots. the guidance only to pfizer or moderna. >>> sticking with the pandemic mgm requiring covi employees. starting at the end of the month, new hires and salaried employees to be vaccinated it will not impact hourly workers, but it is looking at ways to expand the requirement >>> and berkshire hathaway filings show adding $1 billion to the new bet on aon. the company buying up kroger shares as well berkshire slashing the stake in gm during that period. that's the latest. dom, back to you >> frank holland, thank you. >>> when we come back, your morning big money movers including roblox taking a dive a similar story for shares of chinese tech

announcer: stay tuned fo >>> moving slow, and i am frank holland in for shepard smith this is the news on cnbc for shh president biden addresses the chaos. >> i cannot promise what the final outcome will be. >> gunshots, violence, desperate crowds trying to get out plus, the heartbreaking image of a baby being pulled over barbed wire escaping kabul one woman's emotional decision to leave afghanistan behind forever. >> i don't know if i'll ever be back. >> and firsthand look at her journey. hurricane watch, henri gaining strength, who is at risk and urgent message from officials. >> impacts from this will be widespread. >> the games go on but with new covid rules the little league world series and what is different. jeopardy's host resigns after day one. and tesla's plans to build a dancing robot? >> announcer: live from cnbc, the facts, the truth, "the news with shepard smith." >> good evening, happy friday. president biden sending a message to americans in afghanistan, we will get you out at the same time admitting the mission is dangerous and that his administration does not know exa

the s&p up 36, and nasdaq up 173. ♪ i'm frank holland in for shepard smith. here's what's making the news inside the escape from kabul one afghan-american woman's frantic journey to get out of the country. >>> thousands of firefighters battling flames across the west, many for less than minimum wage, but that could change soon. >>> they're calling it the great resignation, a vast majority of americans considering a job change, and it is transforming the job market >>> the u.s. military send ing helicopters to evacuate 169 americans from a hotel in kabul to take them to the airport. this is the first time u.s. military choppers have done this pentagon spokesperson john kirby said officials were worried it was not safe for them to travel to the airport, and that the flight was quick, safe, efficient. thousands of people are still waiting at the kabul airport to get out of that country. president biden today calling the scenes heartbreaking. >> we've seen gut wrenching images of panicked people, acting out of sheer desperation. you know, it is completely underst

our own frank holland is live in new orleans. >> reporter: good afternoon, kelly. about 1 million people here are in the new orleans area are without power and air conditioning on a very hot and humid day in the aftermath of hurricane ida. you see some of the damage left behind here in this area you see this building was destroyed by the hurricane there's even an apartment crushed by bricks. it does not appear to be any injuries here. the situation is becoming des p parate for many. a lot of people told me that you see in this video they're running low on food, on water, and running out of option when is they took items from the store. one person said this was about survival others counting their blessings including a person we spoke with from the west bank of new orleans. >> i think relieved that it's over i'm relieved that downtown didn't flood like it did for katrina. i've seen pictures on facebook of all the downed power lines and building damage and so forth, and i'm kind of anxious to get home. >> reporter: and hope will likely be dark and pretty hot. the loc

aftermath of hurricane ida the region's power grid still offline, leaving new orleans in the dark our frank holland is on the ground covering the story for us frank, what's the latest >> reporter: kelly, the entire city of new orleans still without any power or air conditioning for another day about 1 million people in this area in that same position as the temperatures reach about 90 degrees today, high humidity as well right now we're at an event sponsored by a city councilperson offering food, water and even tarps over here you can see some of the people that got here on foot to get this help over here, all the people that drove here to get this help. this line of cars literally goes around the block hundreds of cars filled with people desperately searching for any help that they can findi other people are searching for gasoline earlier today we were at one of the few stations in the city in operation. there, very muchthe same story long lines of anxious people looking to get just enough gas in their tank to get out of this area >> down here it's not safe we don't have food or lights. >> makes n

it's a big issue for hospitals in the louisiana area. >> frank holland is live for us in new orleans frank, thanks very much. so, what were the successes and failures thus far in this particular situation frank, thanks very much. the successes and failures nobody better to answer that question with some specifics than general russel honore he got them out of katrina back in the day and is our guest live coming up on new orleans. >>> and then he served as ambassador to afghanistan in the bush 43 administration the nation's first director of national intelligence. as the last american planes are now out of kabul, we'll talk to john negroponte about the challenges ahead and lessons from the past. >>> brand new video. the levee failed we'll talk about that. we have brand new video that's just come in from the los angeles times and a reporter m embedded at the kabul airport, which the united states just left to no one think anyone has taken it over the video is coming. the dance class they love. every single piece of them is going to make it through. and the alzheimer's association is goin

frank holland is in for the judge.o the half. >>> welcome to the halftime report i'm frank holland in for the judge, scott wapner. stocks hitting new highs investors go into one of the most important weeks of the year jay powell and company getting ready to speak about the state of the economy and fed policy. the big question for investors how do you position your portfolio from here and for the months ahead we'll debate that with our investment committee today joining me is bryn talkington, sarat, joe terranova and pete najarian first, let's get a check on the markets. it is risk on again. the s&p 500 and the nasdaq both hitting all-time highs the dow up for a second day coming off its worst week in two mo

we're approaching the top of the hour let's get to frank holland with a look at what is coming up one is what is coming up at the top of hour. as the white house deals with the fallout from the chaotic scenes in and around the airport in kabul, president biden claiming today significant progress has been made in getting americans an our allies out of afghanistan tonight we're talked to a retired army general about what needs to happen on the ground in kabul and we'll hear from an afghan american woman on her heart-wrenching journey to get out of the country and hurricane henri scheduled to hit over the weekend we'll bring you latest on that storm track. drama on the the set at jeopardy as the new host steps down just days after getting the gig and sha kari richardson banned for competing in tokyo for cannabis use, she gets the chance against her olympic competition. all of that is coming up in minutes. picker, back over to you. >> sounds like a jam-packed show up next, innovation trying to bring flying taxis to your driveway and an out of this world way to keep you connected we're fo

i am frank holland from cnbc. stocks rose yesterday with the s&p and dow closing at record highs.r prices rising 5% from a year ago in july. in focus today, data on consumer prices and earnings from disney and airbnb. and then information reports that talks have fallen apart over concerns whether the deal will be approved by antitrust regulators. and they held talks with uber about uber eats. when activated participants won't be able to see each other's videos or screen shares, so in theory a teacher could turn on focus mode while giving a presentation and turn it off when it's time for discussion. back over to you guys. >> good to know. >> good to know. >> what? >> that's how we work in the morning. >> good to see you, frank. >>> coming up, meteorologist kari hall tracking hazy skies as kids get ready to head back to school. >> yeah, we could see much more of a hazy sky this morning and our temperatures start out in santa rosa at 55. a slow warm up today but it will be warm. we'll talk more about the forecast coming up. >>> we're looking at the bay bridge, and we can't see the to

frank holland is in for the judge. let's get to the half. >>> welcome to the halftime report i'm frank holland in for the judge, scott wapner. stocks hitting new highs investors go into one of the most important weeks of the year jay powell and company getting ready to speak about the state of the economy and fed policy. the big question for investors how do you position your portfolio from here and for the months ahead we'll debate that with our investment committee today joining me is bryn talkington, sarat, joe terranova and pete najarian first, let's get a check on the markets. it is risk on again. the s&p 500 and the nasdaq both hitting all-time highs the dow up for a second day coming off its worst week in two months and, of course, take a look at the 10-year. the 10-year yield. currently sitting right now at just about 1.255 pretty much flat as what we saw about a month ago. those yields closely watched the big spike in the weeks between just about a month ago a lot to look at here. a lot of green here on the bo

i am frank holland from cnbc. hope everybody is having a great start to your day. wall street is set to open up lower as the dow and s&p come off fresh record highs yesterday. the s&p has doubled from its closing low during the pandemic in march of last year. this marks the fastest double for a bull market in the history of the stock market since -- not since the history but world war ii. yesterday's gains despite weak economic data out of china and ongoing worries about the delta variant and rising cases. manufacturing and housing and earnings from home depot and walmart. spirit airlines says the cancellation of more than 2800 flights over an 11-day stretch this summer cost about $50 million in lost revenue. the costs soared as the budget airline paid to put stranded passengers on flights with other airlines and covered their hotel stays. spirit says the meltdown which started in july has led to even more last-minute cancellations and will reduce flights a move called tactical scheduled reductions for this quarter which ends in september. tinder is rolling out i.d

pot stocks in the green and heading higher frank holland has more hi, frank. >> hey there shares tradingr a 21% stake with just about 120 million in annual sales this move is designed to position tilray for u.s. legalization if and when that happens and follows moves with apples and oranges and with the same objective, a supply khan for production and distribution in the u.s they can't sell the product here the canadian market is really just a fraction of the u.s. market canadian operators bramnched ou but the u.s. market is the holy grail. california bigger than the rest of the global market combined. so right now the u.s. market dominated by the use of cannabis flower 11%. but tilray ceo simon and others made it clear cannabis consumer packaged goods are where they see the growth opportunities. >> i like companies that have great brands and you think about it here. today has 25 retail stores ultimately upon legalization the opportunities of store within a store. one day i hope you see a menmen in a target and a walmart. >> so right now keep an eye on the msos pure canadian cannabis etf

louisiana is reeling from the damage caused by hurricane ida frank holland is on the ground, he's in new orleans and joins us live with the latest frank? >> reporter: good morning, david. the city of new orleans wakes up again today without power. about -- also without air conditioning temperatures are forecast to be about 90 degrees with high humidity about 1 million people here without power in the state of louisiana and at same time dealing with widespread damage like this building you see behind me. completely destroyed by the category 4 storm along with downed power lines and downed trees across the city. tensions building. police responding to various incidents with the national guard riding along to increase safety the governor activating about 5,000 national guard troops. people also trying to buy as much ice, cold water and non-perishable food as they can find seen long lines at stores and restaurants able to open locals say the immediate aftermath of ida does not in any way impair to the horror following hurricane katrina but they're worried an bout the day ahead. >> none of

. >> all right frank holland, thank you that will do it for "squawk on the street." "tech check" starts now. ♪ >>> good wednesday morning welcome. i'm carl reasons to worry we have warnings on some of the most popular names in tech and then why the bulls won with robinhood coming out after the bell tonight an argument for why irrationality is rational for now. breaking down the noise in the hood later on three reasons why you're dropping too much coin for coinbase and why a fed official calls crypto hype, noise and confusion. >>> the nasdaq is alternating of losses and gains down day would be the third straight day of losses but a pullback this week as i look at the charts just trading around the flat line. >> it is and from the record high levels that we have seen we haven't seen that being of a pullback. looking at the nasdaq specifically the nasdaq 100 and this particular etf that tracks it over the course of 12 months we have seen significant pullbacks. around 14% last fall here. 10% right here 12% here and around 8% pullback this spring into summer so as they go

frank holland is looking at all the reasons why. degrees can be the average u.s. temperature in august as heatwaves are forecast to make it up to 13% hotter than normal i talked to dan leonard weather.com and he said that his models are similar with even more heat coming so heat raves are partly why utilities are on a hot streak. electric providers like next air energy, ever source and southern come some of the very best performers so work-from-home continuing because of the delta variant, that could be another kalt list f catalyst for utilities 46% of electric generation went to residential customers this year that number increased to 49% and it is a higher margin business than commercial and industrial which is often referred to as cni >> the margins that you are capturing for residential customer per utility could be $20 to $25 per megawatt hour versus $5 per megawatt hour for cni customer or less >> so esg investing is also giving utility stocks a big boost, five biggest all announcing plans to reduce carbon emissions duke energ

walmart is stepping up its delivery game, but it's not focused on getting its own goods to customers frank hollandhere with the details. >> walmart's local delivery service is targeting the $83 billion local and same-day delivery market. the retail giant launching that business today the actual delivery is scheduled to begin before the end of 2021 and they will use gig workers, store associates and other delivery companies to make these business-to-consumer deliveries. this will be a white label service meaning delivery will not be in walmart-branded vehicles it also looked to leverage investments in disruptive delivery tech. it included in cruise back in april and has partnerships with ford motor company and nuro. it invested in drone up and has plans to use drones to make deliveries. >> you mentioned avs and drones. we're invested in these disruptive technologies. we moved past the experiment in these spaces and are truly trying to understand how to you scale this technology. >> a lot of investors are watching u.p.s., fedex and amazon but a large retailer doing local deliveries is a much differe

guys >> it's frank holland may be a skeptic.od is not someone like tesla, his evaluation is predicated on that. >> phil, you're more requested to answer this, but a car that fully all ton muss seems more like ill more likely i think last quarter cars on a digital network. fully a.i., is that even possible in the next decade? >> yes, but it's not something you'll see in the next year. if you hear him make a grand promise, remember, he also promised a million robo-taxes by 2020 >> thank you both. >> always a pleasure. >>> thank you for watching "power lunch." "closing bell" starts right now. >> thank up, kelly and frank welcome to "closing bell." i'm sara eisen here at the new york stock exchange. seesaw day here on wall street the nasdaq is the relative outperformer while small tex take an leg lower. and let's get to what is driving the action today goldman sachs slashing the gdp target for the third quarter earnings remain in focus wit

consumer is digesting all of this i think that's absolutely true a lot of the price increases that frank hollandiscussed are jarring. i think the response is everybody got money from the government there's no resistance of it. these are deguys who know to cut and promote if they feel like they need to discount things and they obviously don't think there's any need to discount what we're going to hear is i think some really great numbers from companies that are selling things full priced that we would be surprised about but maybe they also comment that back to school is tricky given the fact that the -- when you listen to dr. gottlieb, it's very true that under 12 very difficult to figure out how they're going to go to school. >> right we're going to hear a piece of what the doctor said on "squawk" a few moments ago. airbnb, southwest, the numbers on friday, which were out on friday, fifth biggest collapse in a month in the history of the series >> look, i listened to that airbnb call, and it was really interesting to hear because it's all good about the past. and then it's just completely open a

frank holland. >> shares of bookings holdings up 5% now. miss on eps. the estimate was for $2.04 loss. the company had a much bigger loss $2.55 per share. a lot to look at here. obviously the travel sector impangted by covid-19. still impacted by the variant. the ceo had commentary that resonated with investors we're encouraged by another quarter of meaningful sequential improvement in the booking trends with second quarter room nights increasing 59% versus the first quarter of 2021 driven by stronger results in europe and also here in the u.s again, shares of booking holdings up about 5% right now despite a miss on eps. still a beat on revenue. back over to you >>> and there's more we've got etsy earnings just out. courtney reagan with those numbers. >> for etsy's quarterly results, an earnings beat, 68 cents compared to consensus estimates of 63 cents. also a beat on revenue $529 million the street looking for a little over $524 million. you can see shares, though, are lower by about 12% no earnings guidance for the third quarter but the

has a diversity problem, a lack of representation both among its employees and its leadership frank holland is here with a new conference looking to change that frank. >> good morning, julia about 9% of u.s. tech workers are black according to the latest numbers from pew research, and the community has grown over recent years. one of the driving forces have been the afro tech conference, the largest gathering of black tech professionals that started in 2016. the last one before the pandemic with more than 10,000 people in tech or seeking tech jobs. now, the founders have started afro tech executive, aiming to increase black representation in the c-suite and in boards. of tech giants like google, facebook, microsoft, and apple, that have only seen marginal growth in those top positions. all these companies and others, they made pledges following the death of george floyd to address inequity, including in their own companies. i spoke with reddit ceo, and he called afro tech executive an awesome opportunity to meet folks we think hopefully will be interested in joining reddit as potentially le

i'm frank holland in for kelly evans. here's what's ahead on "the exchange." nearly a million jobs added in july, unemployment down to 5.4%. so, the labor market stronger than we thought? bye backs, they're back. companies are putting it to use. we'll tell you one sector where the buy back should keep rolling. the state of idaho running a $900 million surplus for taxpayers. they're getting a refund >>> but first we begin with the markets. kristina partsinevelos with the numbers. >> markets mostly high across the board. nasdaq down about 61 points. s&p 500 also off best levels strategists at goldman sachs increasing their year end target to 4,700 so, we're a little off on that point right now. but that represent a major upside from where we are now u.s. government bond yields rose today after a labor department data shows unemployment declines since the lowest level since the pandemic took hold the yield prices falling to that but funny how earlier in the week we saw this low of 1.12 when we were talking about deflation. look at where we are now that's why fina

i'm frank holland in for scott wapner stocks hitting all-time highs and major milestone for the nasdaqarget for the year to a new street high. what's taking us there of course we debate the next money moves with our investment committee today. that includes downtown josh brown. stephanie link, michael farr jon najarian co-founder of market rebellion.com and kate moorehead of the mattox strategy for blackrock global allocation team. let's check the markets. nasdaq hitting an all-time high reaching 15,000 for the first time ever. th

i'm frank holland in for scott wapner stocks hitting all-time highs and major milestone for the nasdaq and new call taking the s&p 500 target for the year to a new street high. what's taking us there of course we debate the next money moves with our investment committee today. that includes downtown josh brown. stephanie link, michael farr jon najarian co-founder of market rebellion.com and kate moorehead of the mattox strategy for blackrock global allocation team. let's check the markets. nasdaq hitting an all-time high reaching 15,000 for the first time ever. the s&p 500 as all-time highs. the dow about a .5% from a new high there and what we want to talk about right now is the bullish call from wells fargo highest on the street as we mentioned forecasts about an 8% upside from current levels points to historical data that the s&p when it has a price return above 10% for the eight months of the year it's never finished the last four months or average for last four months, excuse me, is above 8% saying eps revisions will be a catalyst kate, if you don't mind, let's start with you what

the challenges is separating the real from the fake at the company's headquarters in detroit, frank hollandcipher a lot whether a shoe is real or fake just by the smell. >> reporter: justin works at the detroit headquarters >> we don't know what we're getting until it gets to our station. so we have to be equipped for every brand. >> reporter: she said 99.5% of the time it garnl he's the you get the real deal when you shop for dead stock, jordans, easies and more they are sneakers that have never been worn no, longer made and with high demand, they originally called it self-stock market for sneakers. now has over 6 million buyers and 1 million sellers. >> the value proposition we offer is offer brand new products in original condition and these products are typically not available anywhere else. so it is a very different value proposition for the products we sell on our platform and that's differentiated from other market places that sell used goods or in a consignment model >> reporter: it is forecast on grow to $30 billion. stockx has expanded birkenstocks are now big sellers, hand bags c

frank holland has more hi, flank. >> hey there, kelly.-school costs will be 77% more year over year. a that is because of shipping costs. the shipping the containers to the u.s. west coast hid a record last week, up more than 220% trucking, those rates are at records as well, 53% higher. both are forecast to remain elevated back-to-school prices are increasing across the board. for example, notebooks 75% higher, book bags it 2% higher, sneerers 17% higher. discounts, however, are on the decline. the average discount was 13%, compared to 18% compared to july of 2020, largely due to supply change the latest reading of inventory ratio is ten-year lows some of that is due to shipping costs, also to storage costs retail warehousing supply is at historically low rates cbre says rents have increased 10% overover year. overall, it means you'll pay about 40% more for your back-to-school shopping than you did back in 2020. >> thank you, frank. we appreciate it. >> that brings us back to where we began the program that is, the idea the fed may start

i'm frank holland in for kelly evans. here's what's ahead on "the exchange."bs added in july, unemployment down to 5.4%. so, the labor market stronger than we thought? bye backs, they're back. companies are putting it to use. we'll tell you one sector where the buy back should keep rolling. the state of idaho running a $900 million surplus for

frank holland joins us with more frank. >> good morning, andrew.ould be the average u.s. temperature in august as heat waves forecast to make it up to 13% hotter than normal dan lettered of weather.com says his models are similar with more heat coming. heat waves are partly why utilities are on the hot streak, the best performer in the s&p over the last month. next air energy, ever source and southern company some of the best performers. work from home continuing because the delta variant could be another catalyst for utilities. at this point in 201946% of electric generation went to residential customers, this year the number increased to 49%. it's a higher margin business than commercial and industrial often referred to as cni >>> the margins that you're capturing for residential customer per utility can be 20 dars or 25 per megawatt hour conversion five for a cni customer or less. >> esg investing given utilities stocks a booster the fiege biggest announcing plans to reduce carbon emissions. duke energy one of the largest and one of the most amb

frank holland joins us again from new orleans good morning, frank. >> reporter: good morning to you agains woke up without power again today and air conditioning, with temperatures forecast to be right around 90 degrees. in louisiana, 1 million people without power this morning, and at the same time, many people are dealing with damage like you see here behind me this building just destroyed by the category 4 storm power lines down, trees down as well all around the city and also panic and desperation is building here police responding to a number of break-ins and other incidents around the city. governor ordering the national guard to ride along with local officers to increase their safety and security. 5,000 guard troops are activated in new orleans people are also trying to buy as much ice, cold water and nonperishable food as they can find the local utility has said there's no clear timetable to restore the power. we spoke with a number of people who say the immediate aftermath of ida in any way does not compare to the horror of hurricane katrina, but they are getting worried about th

volumes and costs for the freight market many companies have flagged shipping costs as a headwind frank hollandfreight buy-ins returned to pre-pandemic levels. this year covid cases were on the rise because of the delta variant so kind of an interesting parallel there over the last three months freight volumes have declined subseq subsequentially. but bottlenecks getting containers off ocean ships is artificially lowering those volumes and a big rebound leading up to the holidays is very likely. the cost of shipping declining but still near historic levels a 23% increase from 2019 numbers. david vernon says retail and grocery companies are expected to see the sharpest cost increases. >> companies in the food industry, companies in the retail industry that use a lot of trucks in their supplychain it's just going to mean there's going to be pressure. >> so the shortage of truck drivers another factor pushing rates higher the report says that despite the delta variant and cases rising, it still appears that hiring momentum is increasing you can finding a link to the full report on cnbc.com. >> are

frank holland joins. good morning, frank. >> hey, melissa. actual shipping is scheduled to begin before the end of 2021 it will use gig store workers, store associates and even other delivery companyies to make thes business-to-consumer deliveries. this would be a white label service meaning delivery will not be in walmart branded trucks tom ward says golocal also looked to disrupt delivery tech. autonomous business company in april, cruz. in june it invested in startup drone, to use drones and autonmomous vehicles to make deliveries. >> mentioned avs and drones. we're invested in these disruptive technologies. we move past experiments in these spaces and truly trying to understand any scale this kind of technology. >> u.p.s., fedex, amazon stocks will be watch ed closely today a large retailer doing local deliveries is a much different business than these national carriers amazon laumnched a similar service in 2018 and sus spepded it in june of last year. >> how long has walmart been working on this, frank >> melissa, that's not 100% clear.

frank holland has those numbers. >> >> canopy reported a big beat on eps, but they said that was ther 8thible and the success of the martha stewart cbd line here in the u.s >> we're not waiting around for u.s. per missibility we're continues to build or being in canada, to drive our consumer-centric approach in canada >> canadian cannabis stocks having a bit of a mixed day. important to remember the sector still remains up 25% year to date back to you. >> frank, appreciate it. i'm also just wondering, chris -- i guess i can direct this to you, what do you think happens to stock once the fed comes out and makes it clear it's going to start tapers i want to know if the market will be able to withstand a taper tantrum. >> i think we need to remember -- you've done a good job recovering this last three, four months, the only part of the index that's not corrected -- the ample -- after seeing the average industrials down 15, so i think the areas of the market that would be most surprised by a taper here have already discounted that. i think we're transitioning into this different regime h

frank holland has the details. frank?83 billion local and same day delivery market. launching that business today. the actual delivery scheduled to begin before the end of 2021 walmart says we'll use gig workers, store associates and even other delivery companies to make these business to business deliveries this will be a white label service, delivery will not be in walmart branded vehicles the go local looks to leverage investments in disruptive delivery tech. walmart invested in cruz in april and has partnerships with wa waymo. it has plans to use drones and navs to make deliveries from walmart's 4700 stores. >> you mentioned avs and drones. we're invested in these disruptive technologies. and, you know, we move past, we're not experimenting in these spaces we're truly trying to understand how do you scale this kind of technology >> u.p.s., fedex and amazon stocks, investors will be watching today but bernstein says a large retailer doing local deliveries is a different business than they have. david, back over to you.

. >> frank holland has more on this story. >> shares of big lots, and some weak guidance that they attributeout 75% higher both fall hard, next week we want to watch for a supply-chain impact on both 6 those companies. back over to you. >> frank, thank you very much. how are you filleders these pressures, deciding what companies can stand them >> they it pass with higher prices or investing in asset classes that tend to do well, like real estate, madison square garden entertainment, that will do well in an inflationary environment. >> yeah, i wouldn't call out smucker's as being a great example. they've had the pressure frankly, know is the short answer >> i thought somebodier was one of your favorites. >> it is, but not for this reason. >>> apple settling a class-action lawsuit josh, the impact on the app store? >> apple could soon have one last legal headache, announcing it's going to let developers contact customers for payments outside of the ios app this always come as part of a settlement over app store policies also a new to assist they seem to hope for more, saying this new acby appl

>>> welcome back time now for a cnbc news update with frank holland. >> officials say u.s.the move signals evacuation efforts have expanded beyond the capability airport >>> the suspects in yesterday's bomb threat near the library of congress has been charged with attempting to use a weapon of mass destruction >>> in tokyo, the paralympic symbol is taking a place of pride. the 55-for a structure will remain in the water until the end of the games on september 5th. >>> new englanders are getting ready for their first direct hit by a hurricane people are rushing to get their boats out of the water and taking many other precautions. and tonight i will fill in for shep on "the news" at 7:00 eastern. on a personal note, i've been in new england covering a nor'easter, those are pretty bad. i can't imagine a tropical storm. >>> rising delta cases not stopping wrestling fans from flock to go las vegas this weekend, up next the wwe president. >>> plus manny pacquiao is likely to call it a career after this weekend's match he tells us about his pls, encling bell" comes right back at

. >>> out to frank holland live in detroit with a closer look at one online retailer getting set to gohe stock market for sneakers like these jordans. it expanded its offerings to include collectibles like these as part of the transition to the marketplace of the current culture. and as its valuation was growth $3.8 billion one thing is consistent, the important of the authentication center here in detroit, as those offerings expanded from footwear to collectibles, gaming systems and even designer handbags we have an exclusive look at that authentication center where they tell the real from the fake and that includes, yes, an actual smell test. consumer confidence in this process has been a catalyst for growth as the company has gone public this year, the marketplace model has become increasingly popular with shoppers, but received mixed reaction from investors. sites like posh mark and reel reel underperforming and ebay outperforming to date. the biggest differentiator is this authentication center that they say is up to 99% 5% accurate >> we awe thennot only are you g access to produ

frank holland joins us. >> reporter: good morning, kelly.rgely due to the increased cost of shipping your new outfit to the store or to your house. most of those clothes come from asia in containers the cost of shipping those containers to the u.s. west coast hit a record up more than 220% year over year trucking, that's how 80% of everything you buy gets to the store. those rates are at records 53% higher the ceo of knight swift, the nation's largest trucker expects them to go higher. notebooks are 75% higher book bags 22% higher sneakers, 17% higher tv for a dorm room, 10% higher discounts are on the decline average discount in retail bass 13% last month the latest reading of inventory to sales ratio near a 10-year low. stores are stocking 18% less of what you want to buy than they were just a year ago some of that is due to shipping costs. also some is due to storage costs. it's historically low 14% vacancy rate and rents have increased 10% year over year emerging problem cvre forecasts they will continue to rise throughout the end of the