dow is down about 128 points or so >> and we have a big show coming up today blackrock's jeff rosenberg will join us with his first reaction to the fed minutes, when he thinks the tapering will start plus the ceo of imax and box offices. and robinhood. a meme stock gearing up for its first report since going public. an analyst and early shareholder will join us to break down those results. >> stock up 7.5% into the report steve, let's start with the fed and the market reaction. >> yeah, the fed officials grappled with the three main risks to the economy inflation, delta variant and asset purchases at the july meeting. they had not yet decided when and how to taper here are the minutes in the main goals had not yet been met but progress seen toward those goals. the delta variant posed risk -- downside risk to the economy and inflation again. several times said it was largely transitory more specifically on the issue of tapering. fed officials, most participants saw tapering this year tapering seen by some in coming months several thought the taper should begin early next year. as we repo

jeff rosenberg with us. jim glassman of jp morgan area and what it means for the stock market. the stock markets will react. jonathan: equities, record highs on the s&p 500. record highs and europe as well. that is the big story. it is mission get back to work. to what extent are the delta variant fears derailing that process? william: what i see -- tom: what i see is subadra rajappa mentioned the doom and gloom is overdone. jonathan: 1.25% overdone in the bond market? guy: that is still a low number -- tom: that is still a low number. jonathan: how many times have you and i heard that over the years, that yields are too low, and then they keep going lower? tom: talking to bill dudley there, former president of the new york fed, he's thinking very much about getting the real yield back. the dislocations in the market are not only part of this jobs report, but the one coming up for august. lisa: not only with the headline number, but with some of the details. it was interesting that ellen zentner really focused on the blot aspect of this employment report, and particular the wag