kate rogers, bob pisani, and contessa brewer join me. welcome.st topic, cryptos could soon be headed to your retirement fun for us all is teaming up with cosby to introduce the alt 401k plan while the bitcoin boom cooled off lately ether and boej coin have been to the moon this year. bob pisani is the most irresponsible thing you have ever heard >> an asset class is stocks and bonds and cash, i guess you could say asset is an asset class, commodities, maybe. what's the purpose of an asset class? to diversify your portfolio. that's why you have different asset classes. collect bls, if they diverse tie your asset base, yes, okay, i could consider them. here's the problem with bitcoin. could it diversify your investments? could it serve as a diversifier? it certainly could the problem is, the volatility is so crazy that most people would advise to you stay away from it. that's why they are putting that 5% limit in there and they are acting paranoid about making sure people aren't going to go over that 5% limit personally i would tell people to stay

let's get to kate rogers for that hey, kate. >> melissa, some big news for the world of sports. the ncaa has adopted a name and likeness policy now saying that student college athletes will have the opportunity now to benefit from their name, image and likeness in all three divisions they adopted a policy suspending ncaa name and likeness rules for all incoming and current student athletes in all sports once again, some big news there for all those student athletes and that will begin on thursday. back over to you >> thank you, kate rogers. pete, this is great news for college athletes >> it really is, mel, because the reality is this is big business when i say that, i'm talking billions of dollars in the business itself. for a long time, it wasn't the big business, it was more about the scholarships and everything else but we have morphed into something far different now 20, 30, 40 years ago, and because of what we're seeing now and the big money involved, i think it makes a whole localit of sense r these athletes to get that endorsement deal, to be able to profit for everybody

. >>> a severe drought in california kate rogers is out in california looking at the impact for us kate >> reporter: that's right. you can see docks on dry land as this record breaking drought continues to sweep theta ste much more after the break on "power lunch." all day long.you tunen so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity. this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. ♪ it feels so good to be cared for. ♪ ♪ back up now, ♪ ♪ just a little more. ♪ ♪ the feeling someone's always there, ♪ ♪ just to show how much they care. ♪ ♪ the feeling you're not alone, ♪ ♪ now she's a part of your home. ♪ ♪ with so much to protect each day, ♪ ♪ caring goes a long, long way. ♪ ♪ nationwide is on your side. ♪♪ that building you're trying to buy, - you should ten-x it. - te

kate rogers is live in fulsom.ing and heartbreaking to deal not only with this ongoing drought but wildfires and so much more some small farms are wondering how much longer they can hold on zl every day i wake up and i'm scared i'm not going to have water to give to my animals -- >> megan brown is a sixth generation cattle and hog farmer her family bought this farm in the 1930s, but as severe weather continues to grip the state, she is preparing for yet another year of pain >> i feel almost like my area of california has been ground zero for climate change i have been three three major fires, a couple floods, many droughts, some insect attacks. >> as the drought sweeps california, some are cutting crops, selling off cattle, and doing everything they can to use as little water as possible. >> lake orville is the second largest in the state it has salmon and bolsters tour immaterial and it's running dry at a rapid pace. dried out trees line the lake and many houseboat vs. been moved on to land as it's too low for the

kate rogers, i know you see this every single day in the companies you're speaking with it's gettingd more ridiculous but these are real stories of like the iphones that mcdonald's in illinois is giving out if you stay on six months. the 500, 1,000 signing bonuses if you're a teen, america's workplaces want you. >> absolutely. when i was a teenager and i worked at dairy queen, the perk was free ice cream now they are getting signing bonuses. there are iphones at certain locations for mcdonald's a lot of restaurant companies are trying to get younger workers in and making them realize they can grow a career at that location we talked about chipotle saying you can reach a general manager there. the highest paying ing one can n in six figures in three years. the teens do seek summer jobs. that's a trend we see every year a will the of these kids are ready to get out and make some money. one interesting thing in the times feature is some of them are not willing to go back to school because the pay is so good i don't know that necessarily is a good thing either. ei hopefully they get thei

kate rogers has that story for us kate. >> hey there, morgan well, there are reports on shortages of everything from cups to cake pops at different starbucks locations around the country. while starbucks couldn't confirm specific items being out of stock or in short supply, it did tell cnbc we are experiencing temporary supply shortages of some of our products specific items will vary by market and store and some stores will experience outages of various items at the same time we apologize for the inconvenience and are working quickly and closely with our supply chain vendors to restock items as soon as possible. the company also noted some issues of labor in the supply chain that are trickling down and impacting the availability of some of these products. i know personally on the starbucks app, i've gotten out of stock or out of season messages on certain tea drinks that i've tried to order also oatly has also been out of stock messages for that in certain areas of the country and that's a supply issue on the oatly side but i think the common thread is the labor issue is touching ev

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challenges of lgtbq owned businesses in particular, an obstacle is familiar, lack of worker just kate rogersh more for us kate >> hey there interesting findings we polled more than 2300 adults from certified lgbtq business enterprises. as you said it's tough to find workers. our poll found here that owners say they struggle to hire for a variety of reasons 42% pointed to workers not returning to work due to enhanced unemployment benefits, more than a third said they found alternate work just over 3% said their wokkers afraid of covid. nearly 80% think it is easier to find workerers who the benefits wind out the biggest impact was loss of revenue followed by reduced buckets, closures, decreased wages and more less than 1% said they had to close permanently. over all more than three quarter of lgbtq business owners expect a recovery we're going to be talking about this and much more with pro suze orman on linkedin live you can register at cnbc back over to you. >> thank you. >>> that does it for "the exchange." "power lunch" right after this with the ceo of biogen do you struggle with occasion

kate rogers joins me now with those names. hey, kelly, looking at inflation over the next 12 months, b of a says the companies with the greatest exposure are campbell's soup, general mills, kraft heinz, and conagra. year to date the best performer, kraft heinz, the worst campbell's soup. remember, of course, we're seeing prices rise, and that could hit consumers there, moving ahead this might not come as a surprise since we've been talking about it so much, but mentions of inflation have increased on q1 earnings call, b of a says while inflation has accelerated since the beginning of the year, many companies have hedged against it, leading more on price inflation that will return to most and promoting and that could eat into the impact of these price increases. interestingly, while it seems that companies will be able to pass through pricing while retailers do at a time the hit on the margin, the note says it could be a lag effect overall. hedge strategies are protecting some companies now from rising costs. the basket indicate

stocks like chipotle, wingstop and domino's up more than 20% for the year kate rogers is taking a deepn tracking weekly sales and traffic numbers for the last year using the data for the week ended june 6, same store sales up 6%. both down over 20% this same week in 2020 but we took a deeper look at the performance around the country places where both limited service like fast food brands and the u.s. biggest metros are doing well and sitdown concepts. places like phoenix are a standout with indianapolis, orlando and atlanta. in other locations limited service concepts see gains and full service with negative same store sales. both new york city and boston with negative sales on both limited and full service c concepts investors are betting on a casual concept rebound the best performers year to date are not wingstop and domino's but casual names texas roadhouse and blooming brands with big year to date gains. two years ago they were left for dead by the analyst community. >> generally speaking who would we say is not as well positioned publicly traded names or taken share from the mom

commodities, the price of coffee surging over the past year, so will this affect your cup of java kate rogersfee is having a record run, up over 25% year to date there's an ongoing drought in brazil that stands to impact coffee crop into 2022 and beyond coffee farmers in colombia fighting for a living way and port delays all factoring in the average price of coffee in the year ended april 2021 was $3.23, up 7% from a year ago while specialty coffee like lattes, $4.34, up 5% from a year ago. at gourmet outlets, the average price paid for a cup of coffee up 8% and specialty coffee was up 3% from a year ago. the current rising coffee futures shouldn't be hitting big chains like dunkin or starbucks just yet dunkin, which is fully franchised, said while local pricing is set by independent franchisees, we've been able to successfully manage costs to continue to deliver a great cup of coffee at a great value we don't anticipate any noticeable impact to price any time soon. starbucks also added our coffee purchasing contracts are put in place well in advance reducing volatility for everyone, and we p

on the meatless mania here is kate rogers. >> reporter: where is the beef not here vegan meat balls and about everywhere the food market is about to hit $33 billion by 2025 as consumers change what they eat for environmental reasons. red meat consumption can help reduce carbon footprints others over higher risk of processed diseases the restaurant revamping its entire menu. the real money goes to beyond meat and impossible foods. two of the biggest names to reach more customers both companies are expanding into new stores. they got competition experts say with all of these new options, pricing is key. >> these has to be affordable. it is a massive change it can't be another option >> reporter: i went to my local ka target, i picked up plant based p patties. this is four patties here, under $8 making alternative meat more assessable can happen with small staff and government support >> we spent huge amount of money subsidizing meat industry. if we have a little bit of a plain field investing in some research, there are other things that could be transformational >> what is one day a mont

last to reopen why are many still waiting for this relief they so desperately need here's cnbc's kate rogerspark theater was in the dark the buff though new york staple hack around for a century, sudden "survi right now the theater's program director ray barker says he desperately needs a lifeline. >> the bills kept coming in, and we didn't have revenue. >> reporter: he says his's waiting on $200,000 in aid from the small business administration he says the money is critical to dig the theater out of a mott of debt. >> the bleeding has gone on for 13 months. this program is supposed to help, and it has not. >> reporter: the bleeding hasn't stopped in francis, either >> for msomebody like me, it's our way of life. >> reporter: the great american music hall says it is anxiously awaiting $2 million in aid from the program. the venue needs the money to bring workers back, pay off debt and reopen in august the application is under review. still no word on the aid. >> by asking us to wait longer, you're asking all of our employees to wait to come back to work. >> dave bruno is one of two employees

finances it addressed topics from emergency savings to business plans to post covid confidence ei kate rogers more >> reporter: good morning. we surveyed 2,300 lgbtq enterprises on a number of topics first up, we asked about the equality act a bill to protect lgbt people from discrimination in housing and education and health care and more prbz president biden called on congress to pass the bill for people we also asked about the discrimination nearly 60% of owners did not believe their sexual orientation would cost a contract with a new client 80% said they did not believe they were denied goods or services due to sexual orientation or gender identity three quarters of the lgbtq owners said they are expecting a full recovery for the business in 2022 and beyond 40% said government stimulus would be a key factor most important in helping them recover. we will have more on this important topic coming up in "squawk box" in the 7:00 a.m. hour tune in to that. back to you. >>> thank you, kate. let's get a check on the top headlines. phillip mena >> benjamin netanyahu's 12-year run as prime ministe

learn how they manage their personal and business finances, as well as the obstacles they face kate rogersusiness enterprises on a variety of different topics we asked owners about the equality act, a bill that would protect lgbt from discrimination in housing, education, health care, public accommodations and more president biden has called on congress to pass that act. more than one-third of owners said that they did not believe the act would ensure better credit absn access for their businesses we also asked them about discrimination nearly 60% of owners said they did not believe their sexual orientation or gender identity would cost new client. up next we also asked about goods and services nearly 80% said they did not believe they were ever denied goods or services due to sexual orientation or gender identity three quarters of lgbtq business owners are expecting a full recovery in 2022 which is good news back over to you. >> thanks for that more about this announcement go to cnbc.com/invest in you. and -- excuse me, on a programming note, kate rogers will moderate a linked in life dis

different jobs we focussed on two women whose small businesses survived covid and more here's cnbc's kate rogers>> about 13 years ago, i transitioned >> reporter: she is ceo of one of the largest franchisees of el pollo loco >> i have three children that were growing up and it was confusing for them and my spouse i had 500 employees. >> reporter: she took her struggle and helped others dealing with gender identity issues >> it was wonderful for the employees, most came with very low self-esteem. we saw miracles happen in their lives. >> reporter: in cleveland, chante thompson is with brigadier construction services. she and her wife are parents of six. >> i am proud to be a lgbtq owner because there aren't very many of us especially, i don't know of any other construction company, man or woman-owned, who is lgbt. >> reporter: thompson is also a disabled veteran last year covid was her biggest challenge as a small business owner. >> all of our jobs except for one was shut down. >> reporter: business is back, but for many companies finding workers is hard. >> there's already an existing challenge

expected to receive $1.5 kate rogers is live at fisherman e fisherman' francisco. it's been a long time coming, kate. >> reporter: it certainly has. the grand reopening, masks off today across the state we have one of the lowest covid infection rates in the country, coupled with one of the highest rates of vaccination around me a lot of people are still wearing masks out here in public, not quite ready to let them go. from disneyland and universal studios, beaches, wine country, businesses and patron are saying good-bye to the color-coded nesd reopening tiers and social distancing requirements and hello to full capacity and masks off, in most cases >> i feel fabulous >> reporter: bars and restaurants which have been the hardest hit, will be able to return to prepandemic operations the california restaurant associates says as many as one million jobs were lost at the peak of the pandemic due to restrictions some, but not all, have been recouped. >> it's a good feeling, finally after a year and a half, we feel liberated. >> not everyone is rushing to have diners in fu

will alt milk and meats stick with consumers kate rogers joins me with a look at an alternative seafoodep its products in stock. kate >> reporter: hey, that's right it's called the plant-based seafood company and didn't quite start out that way the all-female family owned and operated business sold traditional seafood for 20 years but the ceo tells us after seeing what she called, quote, hidden practices from overfishing to child labor and mislabeling, they decided to pursue new products without using fish >> we wanted to do something about it and we thought if not us, then who and that's when we really made the decision we were going to do something to create change >> reporter: so they started out with a plant-based crab cake featuring artichokes instead of crab that really took off. from there the company launched coconut shrimp, scallops and more, all currently sold out online and pushing into select retail stores. alternative seafood options are lagging but they continue to be 12% above the total meat alternative as a whole through the end of march now while there is not yet a mark

good to see you, my friend she's going to answer questions during a linkedin live event hosted by kate rogers. pretty sure. but june 17th from 1:00 to 2:00 p.m. eastern time. to register go to cnbc.com/suzeormanevent. and we should note that nbc universal and comcast ventures are investors in acorn now to leslie picker for a news update leslie >> hey, tyler. good afternoon pandemic-weary residents of england will need to wait four more weeks all restrictions on social contact were scheduled to be lifted a week from today, but this afternoon prime minister boris johnson announced the government will wait until july 19th to make that move to allow time for more people to get vaccinated as delta infections surge. >> what we're trying to do now by this delay is to reduce the current surge. and we think we can do that and we think that a two-week delay would make a substantial difference and a four-week delay we think would make even more of a difference in reducing the overall number of deaths and that's why we're doing it. >> on the positive side a new analysis by english health officials shows

compared to just about 9.5% for meat, according to nielseniq on the meatless mania, here's cnbc's kate rogerseatballs, tofu hot dogs, impossible whoppers. from restaurants to retail to maybe your own grill this summer, meatless meat is just about everywhere in fact, the global bio engineered foods market is expected to hit $33 billion by 2025 as consumers change what they eat for environmental reasons. studies have shown curbing red meat consumption can help reduce climate emissions and individual carbon footprints. others cite health concerns over higher risk of chronic diseases for curbing processed meat consumption. sustainability is just onene reason new york's named reason new york's famed eleven madison park is going vegan, the restaurant revamping its entire menu at $335 a person, it's a nice splurge. the real money goes to beyond meat and impossible foods, two of the biggest names in the plant-based meat game, both companies cutting prices and expanding into new stores like walmart and costco they've got competition. industry giants like nestle and tyson getting into the plant-based g

here's cnbc's kate rogers. >> reporter: if you're looking to eat at one of the two restaurants in duck out of luck the chef and owner of nc coast and red sky cafe is seeing business come roaring back but isn't able to staff properly to stay open as often as he'd like. closing for lunch at nc coast, one day and sometimes down two days at the cafe >> the people are here, the demand is here, the labor crunch is keeping us from maximizing the level of service we're doing everything we can to be open seven days a week in both operations but we can do only as much. >> reporter: he needs as many as 10 workers to reach full capacity closing down means $15,000 a day gross re-revenue loss. >> it affects the sustainability through the colder months and winter months when we don't have the visitors. >> he's hardly alone there's a labor crunch going on. the national federation of independent business says a record high of 48% of owners have open positions. labor experts say workers have power and options to look for higher paying and flexible job opportunities post pandemic. >> as the country emerg

cnbc's kate rogers following this what kind of jobs are we talking about here >> hey, shep when you hear crypto jobs you may think they're tech and finance positions. but in talking to companies hiring in this tight labor market, it really appears there is room for everyone 2021 most in demand crypto jobs are software architects, developers and engineers and security engineers as well google search terms showed those looking for crypto jobs are at all-time high and growing. the top locations for jobs for with indeed.com are the corridor with listing in san francisco, los angeles, austin, phoenix and atlanta. crypto companies like krackin, the bitcoin in exchange platform say there are opportunities companywide looking to bring on about 1,000 workers from engineering to client services, the work is remote and the pay is the same whether you live in california or iowa >> this we do find is actually highly attractive for people that are in lower cost areas of living. >> now, blockfi with the crypto exchange is hiring about 88 workers a month those positions wide ranging some include custome

alternative seafood movement is raising big bucks as consumers change their dining habits here's cnbc's kate rogers-based wasn't always the plan the all female family owned and operated business sold traditional seafood for 20 years, but talbert said after seeing what she called hidden practices in the seafood industry from over fishing and child labor and mislabeling, the company decided to pursue new products without using fish. >> we wanted to something about it and we thought if not us then who, and that's when we really made the decision that we were going to do something to create change. >> so they started out with a plant-based crab cake featuring artichokes instead of crab that took off fooling customers. >> no way, it's so good. >> who didn't realize there were no fish involved from there the company launched coconut shrimp, scallops and more, all currently sold out online the company is also pushing into select retail stores and closing a funding round to meet demand. >> the past few years there's been a huge shift in consumer behavior and how they think about their food and the supply c

. >>> meantime the restaurant industry was hit pretty hard their recovery has been uneven kate rogers chef betting on the future of dining in las vegas. kate >> hey, sara, i got a chance to keep up with bobby flay last week as he opens his newest restaurant in las vegas, called amalfi he says vegas is popping. >> the energy in las vegas is through the roof i've been in lawyers -- i've had mesa grill here in this space, and now it's amalfi, but i think that las vegas is headed for probably their biggest summer maybe in history, just because people want to get out of their houses, maybe they're not ready to get on a plane to go overseas yet. >> he also says there's system reasons that the energy at large is struggling. maybe people aren't so quick to go to work if they're getting good unemployment checks i can't speak to everything, but that's what we're hearing in the marketplace, and the covid concerns, though they have quieted down somewhat over the lost month or so i think there's still people who have those concerns and those are valid. >> another thing you mentioned, inflation, of

kate rogers has that for us. >> hey, wilf, the federal reserve out with a release, saying it will extendh. the extension here will allow for banks, cdfis and other financial institutions to pledge the facility, the ppp loans approved by the sba through the june 30th expiration of the ppp program. it will extend several cried, ception them ago class rule. let's get to an update hi, tyler. >> nbc news reports manhattan district attorney cy vance set to file charge involving tax evasion for alan weisselberg derek chauvin's sentencing hearing is underway. chauvin offered his condolences to family members. a decision is due southern. >>> in southern germany, three are dead, several others injure in a knife attack. police shot and arrest a suspect they identify as a 24-year-old somali man living in the city. they're discouraging speculation on any motive right now. >>> vice president harris met privately with five young girls from central america as part of her first visit to the border with mexico. >>> about an hour from now, and then again on the news at 7:00 eastern time, shepard smith will

. >>> we've got some breaking news on starbucks kate rogers with the details kate >> hey, sara some executives to update you on first up, john culver will be promoted to group president north america and also chief operating officer. he's currently group president international channel development and global coffee, tea and cocoa. michael conway will be promoted to group president international and channel development and michelle burns to executive vice president, global coffee, tea and cocoa. the moves are eektffective june 28th culver is most notable for the coo role culver has held roles in varying retail and channel expansion positions and been with starbucks about two decades, leading starbucks international for the last 15 years. back over to you. >> thanks so much for that joe, where do you stand on this stock? >> starbucks i have long i believe it is the ultimate reopening mobility type of play. management has done an excellent job in particular with the digital strategy so i think it's back towards what is your investment philosophy looking forward my investment philosophy inclusive

kate rogers looks at the impact. hi, kate. >> reporter: hey, court. take a look behind me.ught in cifnialora. we'll tell you much more coming up after the break on "closing bell." ♪♪ ♪♪ ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network. >> kate as you look furker down th further down the road what must it mean for fire season. i imagine it will be more devastating if we see more fires. >> i think courtney everyone is just bracing for what this means. it is dry out here as i drove north to sacramento and beyond today you can see there's no green grass in sight, everything is crisp already and dry trees are lining these reservoir

roger and pam mortensen were cold blooded killers. their investigators, their key in finding -- did not add up. and with kate stood to inherit a fortune. soon, an unlikely witness would bolster the detectives case with her own chilling tale of what happened that night. continuing with full "mystery at payson canyon" here is keith morrison. >> within days of kay law mortensen murder, his family found some deeply troubling reports. on to kay's own son roger and roger's wife, pam. darla said she could not believe it at first. >> i was just adamant that they could not have done it. i was their biggest defended. >> but then they asked her to list roger and pam to list them as defendant statement. >> they told lies and it just put more suspicion on. them >> gradually, her conviction grew saying for's sister, fern. >> i could not by the fact that they were thinking of roger's involvement. >> there were just so many things about roger and pam story that did not make any sense to fern. there was something else to, a possible witness. remember that woman who suspected her husband was involved, police found him here in

were among the hardest hit businesses among the pandemic but things are starting to get better kate rogers6th, sales up 33% traffic up nearly 30 % for context, both were down over 20% this week in 2020. we took a deeper look at restaurant performance around the country. take a look at this chart. places for both limited service in the biggest u.s. metros are going well along with full service sit-down on a two-year same store basis phoenix are a standout along with indianapolis, orlando and atlanta. in other okays limited services concepts are seeing -- places like seattle, sacramento, chicago, and washington d.c. both new york and boston saw negative same store sales on limited and full store concepts. stocks, it seems investors are betting on a casual concept rebound. the best performers aren't the pandemic players of last year. it's all about casual names. dine brands cheesecake factory, texas road house and blooming brands all seeing big gains year to date. >> all right thank you. >>> coming up on tech check. an exclusive with lebron james's business partner, maverick carter that's at

kate rogers is here with more on all of it, kate, good morning. >> hi, andrew. good morning to you.dults from certified lgbt business enterprises on a variety of topics for just about every small business out there, we all know it's tough to find workers. our poll found that owners say they're struggling to hire right now for a variety of reasons 42% went into workers not returning due to enhanced unemployment benefits. more than a third said that workers found alternative employment 19% said their workers were demanding higher wages and just over 3% were afraid of covid nearly 18% think it will be easier to find work once the pandemic benefits run out. and the biggest impact for lgbt businesses were loss of revenue, decreased budgets and temporarily closures less than 1% said they had to close permanently which is lower than we've been hearing across the board. now, overall, more than three quarters of lgbt business owners are expecting a full recovery in 2022 nearly 40% so that government stimulus would be the one thing that can continue to help their small business in 2022 and be