>> so, i think -- love honeywell, love this company t i don't know that it's necessarily the first nameture. but what you should think about when you think about honeywell is you should think about the intersection of industrials and technology this is really a company that's on the cutting edge of technology they're just as innovative and creative, to steal kourtney's line from earlier, as companies in the tech sector you want some of this lift from the infrastructure package but you also want a company that's going to continue to innovate for the next several years globally, honeywell is your pick >> there you go. all right. second question goes to farmer jim. john in iowa writes, is it time to jump into caterpillar or deere or maybe both? >> you've got to remember what makes these stocks tick individually deere is catalyst play, caterpillar is an infrastructure play certainly deere has earth moving equipment. but if your play is on continued agricultural growth, maybe because china is going to live up to the terms of the 2019 trade deal, then deere is the way to play it that's been t

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honeywell provides that for you. very strong balance sheet and checks the box on the need to find a value-oriented equity name base. >> sold sun corp. to be out of energy ri right? just dissed energy hard. >> i did. >> and jim told me a few minutes ago you love energy. right? >> me, too. >> one of several sectors in value that i am very fond of, yes. >> tell joe why he's wrong, then why is joe wrong >> okay. i will it's simple. repeat myself. guys, we're losing sight of this we're early in an economic expansion, and scott, you said something earlier, a long way. whenever the fed does start to taper or raise interest rates, it's a long way away, and during that time this economy is going to continue to expand. people are going to fly, drive, cruise ships will set sail demand for energy. building plants. i could go on and on you already heard it an early economic expansion. >> a chance to rebut joe, you sold nike on june 21st. stock's up 23% since then. best performer -- >> i doubt component over of the past months and

honeywell used to trade at 15 to 16 times forward earnings.t the market multiple right now, scott it's trading at 25 times forward earnings. it's never traded in that territory before, and that's a problem with a lot of these big industrials. finally, scott, we're looking at 20, 4384 on the s&p. that's the old closing high. we're sitting right at the door of the new high. back to you. >> i appreciate that very much you have yourself a good weekend. you mentioned industrials and we do have fresh economic data out moments ago. manufacturing pmi beating estimates at 63.1 compared to expectations of a 61.8 reading services pmi, though, falling short, 59.8 compared to a 64.2 estimate there's your ten-year note yield, 129 w we're back after this. jerry is here! j! mate, how are ya!? it's so good to see you. good to see all of you, yeah! why is jerry so... popular? it's been like this ever since we started using workday. what do you mean? it makes it easier to develop great relationships with our suppliers. now everyone, everywhere loves jerry. they

nike, highest since 1980 honeywell. highest since the company changed the name in 1963 you also had costco closing at all-time high. it ipos in 19815 eli lilly. the other s&p 500 that closed at that level is moody's since it spun off dunn & brad street. >>> looking at the treasury market the 10-year is yielding 1.29%. still below 1.3% for the 10-year. the 2-year is 0.2% andrew. >>> the new warning from the cdc director she said the covid delta variant is one of the most infectious d respiratory disease seen by scientists it can carry up to 1,000 times more virus in the nasal passages than the original strain the delta variant accounts for more than 83% of cases in the united states right now. up from 50% from the week of july 3rd the seven day average of new cases is up 53% of last week hospitalizations are up 32%. three states with low vaccination rates, florida, texas and missouri, accounted for 40% of all new cases nationwide lots of questions about even the breakthrough cases and vaccinated and unvaccinated. people

today is to keep developing the equity as brand and expand internationally as well as the north. honeywell interlock and i and i know exactly what environmental activists do. 9 to lose. you don't want at the foot of the sierra nevada, the company build the 2nd factory fucking anger amongst local residents. but if they say the water is needed locally and shouldn't be exported to china's become in the summer, they see that, you know, now we have a water deficit of 1400000 cubic meters a year in this region. and they want to build a factory would uses up a 1000000 cubic meters a year. and how can they be allowed to exploit the ground water here in this region where there isn't enough that we fiddle. there's no cap peaks of the sierra nevada home to some of the best mineral water sources in spain. that's attracted several multinational companies. climate change threatens the regions more to supplies if and i and thought i already getting dry and climate change is just making that worse on lot of the magic, i've already seeing less overall rainfall probably to see. i mean, i mean, i said we get

mcdonald's and nike and honeywell.es the bell [ inaudible >> i know that it was gold dust for our viewers. welcome to the cl"closing bell" people ringing the bell after pandemic lockdown. they do it with enthusiasm and noise. dow just posted, nasdaq up a third of 1%. all three indices come to be high for the week. monday feels like a long time ago. after the bell earnings are going to take center stage, intel, twitter and snap set to report results we'll have instant analysis of those numbers coming up. stephanie is with us mike, we already mentioned that ecb point that debt in the first hour of the show just kind of pull back that spike in yields, the bounce back in yields you've seen in the last couple of days. >> did it. so maybe a little bit of kind of static messaging out of the bond market one consistency, though, is it did have the cyclical stocks take a back seat they lost southeast bid the they had over the last couple of days not a big change i feel when we're in the 125 stone, we've been here for a couple of

enough to use to keep developing the equity as brand and expand internationally as well as the north. honeywell interlock and yeah, that's exactly what environmental activists didn't lose. you don't want at the foot of the sierra nevada, the company build a 2nd factory fucking anger amongst local residents. and then they say the water is needed locally and shouldn't be exported to china. life might be gum in some of the 50 daddio. now we have a water deficit of 1400000 cubic meters a year in this region. and they want to build a factory would uses up a 1000000 cubic meters a year. how can they be allowed to exploit the ground water here in this region where there isn't enough that we fiddle the snow, kept peaks of the sierra nevada home to some of the best mineral water sources in spain. let's check several multinational companies to known and generate $30000000.00 euros the year sales with its land on brand ness land. coca cola are also taking advantage of spain, profitable mineral water business. the climate change threatens the regions water supplies if and i thought i already getting dry cl

hit a new high but honeywell hadn't done anything for months and months so i think it's an opportunity -- i took the tune to sell some things i was unsure of i was worried about copper, because that seemed to have the most -- the most amount of momentum in it in terms of people going in. but conversely add to cleveland cliffs because i think iron ore will be much stronger. i'll come back to free port but not right now because i think it's weakening in terms of baba that idiosyncratic it bounced singles the news about didi came oum out. i don't think that's the end it's only getting worse with the chinese stocks i can't believe that responsible portfolio managers are willing to show this to their investors and say, yeah, i can figure out china, there is value here you have no idea if there is value owner and the v.i.e. structures they are under, the contracts according to good school of legal thought may not be enforceable there is a potential you can go belly up in those as a shareholder of the a.d.r i don't think so but definitely deserves a bigger discount valuation than what you hav

honeywell's healthy buildings is also hoping to create a more frictionless office experience and makeght of covid, it's also added video analytics options for social distancing and mask wearing. or an app like comfy can provide similar functions, also giving a bit of control of the building to those who work there. within the app, there are lots of options, like being able to book your workspace so you can go into the calendar and figure out exactly what desk you want to sit at. it can also find your colleagues. it doesn't mean that you can follow them around the building but if they sat down at a desk and logged in to that particular spot on the app, then you will know where to find them — or where to avoid them. it's been updated to accommodate for planning flexible working a bit better, and also could provide some reassurance to those who are nervous about returning to the office. ventilation is quite key at the moment — everyone�*s paying a lot of attention to it — and just having that control at your fingertips. from a practical perspective, it's a lot easier for me to change a t

he was from honeywell aerospace. jeff baize owes hired him to come in as the company returned from this company to an operationalio company flying russians in space and working with the department of defense and smith made blue origin more like a traditional space company more closer to boeing or nevada or lockheed martin and it's interesting there were some parallels in history in 2006, he hired his first ceo from a launch company owned by boeing. a traditional launch company and he was very much a traditional ceo coming in is kind of the adult in the room you go from start up to a bigger company. and he lasted nine months because he didn't fit in with the culture. people were wearing t-shirts and flip-flops which he doesn't care about. he's like get your job done. as i say, they clashed and he was gone pretty quickly. space and space travel and story, why is that? i think the one thing about spaceflight it can be a very unified experience at the outset it was clearly a cold war type of thing. it was the soviets in

blue origin hired a ceo, bob smith and he was from honeywell aerospace, and jeff bezos hired him to come in as the company moved from this hobby shop development company to an operational company flying missions into space and winning nasa contracts and working with the department of defense. smith has made blue origin a lot more like a traditional aerospace company, much more closer to a boeing or sierra nevada or a a lockheed martin thank you a spacex. it's interesting there some parallel history. 2006 elon musk hired his first ceo, a guy named jim mazer from sea launch which was a large company partly owned by boeing. so a traditional launch company, and he was very much a traditional ceo sort of coming in, being the adults in the room you go from startup to a bigger company. he lasted nine months because it didn't fit in with the culture. people on the floor were wearing shorts and t-shirts and flip-flops, which elon doesn't care about. he's like get your job done. as i say he and elon clashed and he was gone but he quickly. >> all right. this is from bruce. our world is deeply divid

honeywell's buildings is also hoping to create a more versatile space to cater for an unpredictable workingions for social distancing and mask wearing. when up like config can also give control to those who work there. within the app there are lots of options like being able to book your workspace so you can go into the calendar and figure out exactly what desk you want to sit out. it can also find your colleagues. it doesn't mean you can follow them around the building but if they are sat at a desk and logged that spot on the app and you will know where to find them or where to avoid them. it's been updated to accommodate full planning fixable working a bit better and also could provide some reassurance to those who are nervous about returning to the office. ., ., , office. ventilation is quite ke at office. ventilation is quite key at the _ office. ventilation is quite key at the moment - office. ventilation is quite key at the moment and i office. ventilation is quite - key at the moment and everyone is paying a lot of attention to it. a practical perspective it's a lot easier for me to

. >> someone who follow me into honeywell i would say stay with that trade i exited sun core to buy honey well got a nice little pop in honey well i still like it. there are places within the market not in energy, but indus industrials, you could begin to nibble honey well is a perfect quality strong balance sheet aimed to do so. >> pete, on my list of cyclical stocks that are having a problem. viewer writes in, do you have an update on your free port calls from scott in long view, texas again you own those calls. what do you do with those on a day like today >> i think you actually have to continue to hold those for the day. they were inexpensive calls to start with, which are a good thing. lot of time i have different rules. when you're buying opgs and hong a call option, if it's over a certain dollar amount, then that becomes an option if it gets cut in half we're going to cut and leave. we're wrong on that trade, missed that trade. you want to take at least half off because you've taken everything off the table and can make decisions going forward after that we've seen different optio

blue origin hired a ceo about three years ago, a guy from honeywell aerospace. they hired him to kind of come in as the company moved from this hobby shop development company to actually an operational company flying missions into space and winning nasa contracts and working with the department of defense. smith has made blue origin a lot more like a traditional aerospace company, much more closer to a boeing or a sierra nevada or a lockheed martin than to a spacex. and it's interesting, there was some parallel from history, in 2006, elon musk hired his first ceo, a guy named jim mazer from c launch which was a launch company partly owned by boeing, so a traditional launch company. and mazer was a traditional ceo, like the adult in the room, you go from start up to a bigger company. he didn't last but a month. he didn't fit in with the culture. people on the floor were wearing shorts, t-shirts, flip-flops, which elon doesn't care about. you know, he's like get your job done. and as i say, he and elon clashed, and he was gone pretty quickly. >> all right. our wor

. >> and another note, i believe john honeywell, his house is still around in griggstown, new jerseyi don't know if that's in your book or not. >> it's not in the book, but, yeah, i'm familiar with that so that's great. >> cool. >> so we have a question and feel free again to drop questions in the chat. that's also where a link to mark's book is and the code to use if you would like to purchase it online, it is a signed copy so make sure you buy that online with your 20% off so our question is is it true that the american soldiers go the into the hessian rum supply and were the ones who may have been drowning? >> that's fantastic, and, yes, that is true. so, yeah, the americans, yeah, do break into the rum supply and, yeah, there are reported events from the time period that, yeah, some of the american soldiers are getting drunk and, yeah, you can imagine having not slept all night and crossed anites-choked delaware river and marched nine miles in a blizzard and fought a battle and they were well-entitled to a celebration and this is the moment when washington makes the decision to m

honeywell and disney dragging the group lower. are stocks in for a choppy month? we will hear from tom lee next on "power lunch," back in two. >>> and now the latest from tradingnation.cnbc.com and a word from our sponsor. >> for entries into breakouts some traders use buy stop limit orders placed above resistance levels unlike regular buy stop, buy stop limits turn into limit orders when the stop is triggered. thus if it closes below the stock price one day and opens far below the nextay d the trader will not buy the stock. i'm lee bull and schwab is the better place for traders >>> our next guest warns the market will be choppinessy that creates opportunities for investors in areas like oil and crepto tom lee, it's great to have you here we don't have a ton of time. i would look to get there as much as we can with you. why is oil your topic the rest of the year? >> i think is has inyo sin crattic virtues. it's a supply market, capital starve ace and now uncertainty is causing production to be slower i think there will be a big demand swing, something you haven't

honeywell had great numbers last week 3 m is going to report on tuesday. this is another one of those big companies that sell across many, many different industries because they know what's going on in the global economy that's why you look very carefully at what the earnings call was like. they can speak to the global kpli economy what's going on. 18%, that's what's important with a lot of these companies, the revenue growth for the big industrials. it was 7 or 8% in the last quarter. they're still talking about numbers that are going up. u.p.s. is kind of the opposite it was one of the big b beneficiaries of the pandemic. there's a sense u.p.s. might have decelerating revenue growth u.p.s. surprised everybody in the last quarter with numbers way above expectations so maybe decelerating revenue growth but the earnings are still going to be very good, and if they get close like the last time, there was a huge surf are prize and you see that big move up in u.p.s. as for 3m, they did very well overall and are still trading at a very reasonable multiple i was

because that allowed me to get into crowdstrike below 220 that allowed me more recently to get into honeywell i agree with mike. these rolling corrections are absolutely going to continue through the remainder of the year and that's where your opportunity source is. >> well, what part is not going to have the rolling correction it's going to hit -- what isn't it going to hit? >> it's going to -- >> so far we haven't seen it we haven't really seen it in energy and energy is in a peculiar place because there's been a relative underperformance in the equities relative to the spot price. so that's kind of a little bit of a riddle to figure out but we really haven't seen it there yet. >> jim >> yeah, thanks, scott and joe, i totally agree about this rolling correction. i have some of my folks at work looking into this for me because i want to know an exact answer, how many stocks in the s&p 500 have not corrected this year the only two that i can think of are google and microsoft now maybe on the show we'll come up with five others. but you look across wide industry sectors, jpmorgan, caterpillar,

cap technology be the favorite sector >> what's your final trade >> final trade is energy, go to honeywellm that. >> thank you for that. pete najarian. >> i'm going to give you coke, scott. i see call activity that says coke is going to have a nice report in a couple weeks >> amazon. this is the stiffest breakout i've seen in a long time it's real. there is no resistance >> all time high today along with facebook, microsoft, google and apple having a decent day on a town take as well. that does it for us. "the exchange" is now. >>> and thank you, scott hi, everybody. i'm kelly evans and here's what's ahead today on "the exchange." china is cracking down on its own companies. didi shares are plunging we're going to look at why they're doing it and what it means for investing in china going forward. opec meets but doesn't make a deal oil sitting a six-year high. is $100 a barrel next? >>> amc gives up on a shareholder. advertisers are giving up on apple. and wall street bankers who don't want to give up working from home ma

today, honeywell, caterpillar, g e all jumping higher plus stocks due to concerns about that covid-19reading delta variant, trading higher, remember airlines yesterday were all down 2% to 4% we do have them all higher now by 5% to 7%, and then cruise stocks which followed airlines south yesterday, you see it today. following the north with norwegian as the leader here up 9%, but beyond yesterday and today, because net-net we got one win and one loss, which has the upper hand? the reopening trade or the fear factor? let's bring in our floor show traders, joining us now is the $60 billion man, cap trust michael vogelgang and revere securities scott fullman. michael, to you first. give me a sense of what you say to people when they say the bear market is just around the corner we have seen way too many records over the past three-to- four years. what is your perspective with all that money you have under management? >> a couple of things. one is we've never come out of a pandemic before, particularly not with the kind of fiscal and monetary support that we've seen for this market. there'

the general electrics, the boeings, and the honeywell, of course, a major dow component as well and at 1.1%, 1 is.2%, the earnings have been terrific. regional banks down 3% or 4% interestingly mega cap tech holding up comparatively well. we even had positive territory for nvidia and other names out there. the bottom line is i think that the big cap growth names, people believe those are going to do well regardless of how the strains of the covid variant works out. major indices, keep an eye on this the markets have been concerned about peak everything for a while and some of the big names out there, the mid cap stocks, the russell 2000, they peaked a while ago. they peaked several months ago there's been a lot of concerns about that peak growth story finally, i want to point out, kelly, the s&p 500 is still up about 13% this year. there's the drop here we are for the full year. just keep in mind it's straight up essentially 13% growth we're down 2% today. just a little bit of perspective. kelly, back to you >>> even before today the markets were experiencing a stealth correction mega

honeywell at all-time high apple all-time high. target how about this, 74th day in a row new record high so, yeah, we could focus on some of the more speculative names in the ark portfolio. but, a, they're not that big other than tesla and b, i don't think the overall averages are taking the cue from those names. big are picture, we talked about this, it's the quality names that seem to be holding up the best they may correct and follow some of other sectors that's always possible but that hasn't happened yet so breadth is a negative but the leadership is still extremely strong and i choose to focused on that because i'm a glass is half full kind of guy. >> i hear you. but cathie is talking about a risk off environment tiffany, this is your wheelhouse i mention every time we talk about the ark stocks and you're on the show i have to go to you because you're right in the epicenter of all this, whether it's peloton today, which you own, or square which you own, tesla or twitter, they're all in there. i wonder what you make of the fac

well, yo honeywell's diary. yeah. there you go. yeah, that's another one. that's a great one. yeah passionate your officer. i'm gonna piggyback off of mike and say joseph plum martin. yeah, that's what i was thinking. i don't know how much of his information is a hundred percent, but it really immerses you in the experience. i think actually i'll give you another one that's not a dire journal and i won't even say specific one the series of books that feel free. no press published for the bicentennial. oh, yeah. yeah great set of books for how old they are. yeah there there are a few which are few which are real are like really simplified and they're okay, but but there's some brandywine long island saratoga, there are phenomenal and then some of the other really off the wall books. yeah. they're so good. i'm trying to look across the room of my room where books know it's not early 2000 are pretty thousands, but derek beck's series on igniting the american revolution is one of them if you've had the chance to read it's a two-volume series basically on the prelude into the ameri

mega mergers a lot of the s supply-chain is concentrated with companies like general electric or honeywell and many otherst that have become their own effective powerhouse i would like to see greater coordination between the first contractors but had you get the smaller companies involved that are critical to innovation and production and does that happen through the aerospace industry association or perhaps maybe just standing up other organizations like the national aerospace i think it is essential and also one of the great saving aspects of this crisis to accelerate the program by dod with a call for the transfer of dollars to the suppliers so that typeof of greater awareness is important for the supply-chain but it's a very good question underwent auspices and how but i think it is essential. >> doctor lewis calls for a greater role in commerce playing a more predictive role. what do you think we should do here? if the supply-chain identifies the innovation but then they run theirey business every day. they know what needs to happen but they are not in control of the supply-chain. >>

minute into the close, we're off session highs but session highs was about 100 point higher what honeywellainst, off session highs, but still a strong day for the market after a dismal day for the bulls yesterday. >>> welcome to "closing bell." offsession highs, but still up 550 points. brian niccol will join us to break down his company's results. plus the open winner colin morikawa is here >>> first up, though, on the markets, still with us what does it tell you? >> it tells us there's some conditioning in there. and it's always paid -- we'll see if that continues. i think a lot of commentary is impressive, constructive bounce. and let the way higher, but all we did is getting back almost all of monday's gains. seasonally rough period, you say the sell-off is, and tell us whether you've changed any of your thinking on the outlook any of these pullbacks show what you have is a market that has, you know, has tremendous resilience in the ratio, in terms of the market of stocks see upgrades verse downgrades. the results season coming through right now shows on the industrial side that -- in

johnson, coca-cola, verizon and intel and snap and twitter on deck for thursday and kimberly-clark, honeywellmike, we're pivoting a little bit from the banks to the likes of those tech names and netflix is an interesting one as it breaks live on this show, but it hasn't run up too much of late coming into this. >> no, not at all. as a matter of fact, the real observation it's been static for almost a year. pretty much flat, above 500. so, you know, does that mean it's kind of trying to be revalued by the market we actually have a much more crowded streaming world or just is it one of the long, long consolidations like apple had and amazon had i think that's the one to look at for some movement potentially. although we're a little bit short on economic bellwethers with some of the reports it's more about kind of the set-up and the twitters and things like that. >> mike, we're going to get coke as wilford mentioned and kimberly-clark i follow consumer staples and the dollar and when both are going up it's not a great sign for the outlook. for the economy, sentiment overall in the markets and bo

mister richie, is it possible for us to answer at least one of thosequestions, honeywell's behalf insan francisco ? >> yes it is. there are six of them is the sanfrancisco groundwater project . right now to all those wells are used for tradition at goldengate park . they will be placed by recycled water next year so we will have all of the san francisco groundwater wells available in san francisco. and then the water storage and supply utilizing wells in san francisco and california water service company daily city operating the visual system is asked to a local system are all designed to meet the overall needs of the system . >> while you're working with dailycity becauseredoing it as a regional project . >> that's correct .>> thank you. callers, anyfurther questions, comments ? then maybe have a motion a secondon this ? move and then asecond . roll call vote please. [roll call vote] >> presidentmaxwell: next item please . >> clerk: item 12, authorized the general manager to execute a memorandum of agreement in the modesto irrigation district on allocation of costs for the fish that

years a lot of the supply chain is concentrated in these centers such as raytheon technologies, honeywell and many others that it sort of has become their own effective economic and business powerhouses. i'd like to see greater coordination between these first tier contractors but how do you get the smaller companies involved, the ones that are also critical to the innovation and production and what does that happen through the auspices of trade groups such as the aerospace industry or perhaps maybe just other activities and organizations within say nasa's commercial aerospace directorate. i think it's absolutely essential and its greater recognition in the government would beimportant to supply these companies . one of the great aspects of this process has been accelerated program by dod which is basically called for faster dollars from the prime to the suppliers so i think that kind of greater awareness of the supply chain , but that's a good question under what auspices they operate and how that happens but i think it'sessential . >> has called for a greater role in commerce playing as

of the supply chain is concentrated in companies such as raytheon technologies, general electric, honeywelld many others, that have sort of become their own effective economic and business powerhouses. i would like to see greater coordination between these first-tier contractors. but how do you get the smaller companies involved? the ones that are, also, quite critical to both innovation and production. and whether that happens through the auspices of trade groups, such as the the aerospace industries association. or perhaps, maybe, just standing up other committees and organizations within, say, nasa's commercial aerospace directorate. i think it's absolutely essential and i think there is greater recognition in the government of the importance of these supplier companies. one of the great -- great saving aspects of this crisis has been the accelerated payment program by dod. which has basically called for faster transfer of dollars from the primes to the suppliers. so i think that kind of greater awareness of the importance of the supply chain but it's a very good question, under what alw

market record highs including microsoft, apple, trading near highs as well. [ cheers and applause honeywellra's got a bigger chair than yours. welcome to "closing bell," i'm wilfred frost along with sara ice and mike santoli, and very much celebrating wildly at the close so they deserve it the s&p and dow up about ten basis points, 0.1% each, the nasdaq down by 0.2%, russell the big mover down 1.6%. real estate consumer staples, utilities the best performing sectors, energy and financials and energy in particular down 3% coming up an exclusive interview with cathie of ark invest, where she's joining the board of a fintech company whose subsidiary is trying to compete with robinhood. josh brown is still with us and leah bennett from westford wealth management joins the conversation as well mike, slippage there a little bit into the close but positive territory still week to date and as you said, the key levels that we're working out if we want to break through or not >> holding up on the index level for sure it has a more defensive feel to it this stuff doesn't always necessarily extend day

honeywell showing some gains visa, 3m and boeing as well.ntage point and now up around 50% year to date. one name to watch is elle brands raising guidance thanks to better than expected profit margins of sales at victoria's secret and bath & body works l brands would not receive any proceeds from a sale stock remains this year's top gainer on the s&p. we're going to take a quick break. stay with us you packed a record 1.1 trillion transistors into this chip i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you become an agent of innovation with invesco qqq jerry is here! j! mate, how are ya!? it's so good to see you. good to see all of you, yeah! why is jerry so... popular? it's been like this ever since we started using workday. what do you mean? it makes it easier to develop great relationships with our suppliers. now everyone, everywhere loves jerry. they sure do. they do. they really do. mmhmm. workday. finance, hr, planning and spend management for a changing world. flowers are fighters. finathat's w

up 93 points what is taking us higher the biggest contributor to the dow gains, home depot, 3m, honeywelln track to close at a record high we'll see if we get there. so is the nasdaq and the groups leading us here are a little different. industrials, materials and utilities are the best performing sectors in the market today. health care is also going strong staples, financials and technology the nasdaq on the flat line at the close. any tech higher will be a record close and the small caps underperformed and it looks like we are going to get that record close. the dow higher by 101 points at the close. >>> welcome to "the closing bell." i am courtney reagan, and mike santoli, senior commentator. the s&p, dow and the nasdaq all eking out record gains after being in the flat line, the dow off the session high and the s&p 500 adding 15 points and the nasdaq up by 1 1/2 points and making that record close and the russell 2000 also, though, is the laggard for today which was a laggard yesterday which was a laggard down about a percent for the russell 2000 coming up, investor dan niles on why

and friday is american express and honeywell.ight week on data we have june housing starts tomorrow weekly jobless on thursday ecb releasing the latest policy on thursday morning. other items of note. don't miss the special coverage tomorrow as jeff bezos prepares to blast off to space. that will happen around 9:00 a.m. eastern time. on wednesday, bitcoin. jack dorsey and cathie wood and, yes, elon musk a lot going on this week joe. >>> andrew, speaking of which, grayscale investment the world's largest dignital currency asset manager announcing a partnership today with the launch of defi fund index. joining us is michael sonshin. you are tempting to create an institutional grade digital currency index what's in it who would buy it how you does it work who is the partnership what does it involve, michael? update us. >> sure. this is grayscale's investment product. for us, we are trying to access the digital market for consumers. there is a broad base of grayscale investors in defi. defi is traditional financial services meeting d

honeywell, caterpillar, disney on the big list.y of that size and underperformed last year. it is up 75%. stuart: nasdaq winners, activevision. >> earnings later on. stuart: as you walk towards earnings activevision, blizzard moving up. 6 or 7 minutes on the big board. the 30,000 level, the yield on the treasury, the price of gold around 1300, $1,800 an ounce. $71 a barrel, the national average, california moved up a bit more. could larry elder replace the governor of california, gavin newsom. elder leads all candidates. we are skipping the debate and will ask about that when he joins us. governor elder has a ring to it. we have to talk about the fed some time with great reluctance and today is an important day because we will hear from them. when will they cut back on the money printing? that is the question. ♪♪ yeah, i mean the thing is, people like geico because it's just easy. bundling for example. you've got car insurance here. and home insurance here. why not... schuuuuzp.. put them together. save even more. some things are j