. >>> thank you, scott hi every one i'm kelly evans. breaking up big tech as washington sets the stage for a crackdown, forcing facebook to split with instagram be a punishment would it unlock more value we'll dig into that. >>> will the push for green energy send oil prices soaring we'll tell you who could feel the pinch. >>> elon musk likes bitcoin, at least for today. we have all of that ahead. we start with today's market d o m is here with the number. >> they mean like bitcoin but they don't like the market so much overall today you can see the losses right now are fractional with regard to the dow industrials just down 267 points one-third of 1% downside 42.33 the last trade there record highs we did set on friday not too terrible in terms of context overall. if you look at one of the big macro trades playing out, you mention the energy boom. oil prices right now are already at three-year highs. got to go back to october of 2018 to kind of get a sense for where this oil price was at that point. remember, it wasn't that long ago. n

i'm tyler mathison along with kelly evans.terday record thanks to optimism over the economy. experts say an infrastructure deal could boost growth creating new opportunities for investors. >> and the next frontier a new "power lunch" series

i am kelly evans and this is "the exchange. here's what's ahead this hour,

i am kelly evans and this is "the exchange. here's what's ahead this hour, a medical break through but at a price. the cost of the alzheimer's drug $52,000 a year, may be too much for medicare to handle we look at the battle for access and the other treatments on the way. >>> home prices soaring 15% in april, the biggest gain in the history. can this continue and what rule are investors playing in driving up prices? we'll explore that >>> and the rules are changing in rapid fire. the ftc backs off facebook the ncaa lets athletes get paid. and could a bitcoin etf be coming finally christina partsinevelos here with the numbers >> we're only halfway through the day and we're seeing all indices trending green it's a test to see if the s&p 500 and the nasdaq had extend the fresh record closes. utilities sectors are trending lower today and that's in part because of the strength in the community services sector on monday they saw facebook surge after a federal judge tossed out federal and state antitrust complaints and you can see ri

i'm kelly evans. here is what's ahead this hour price hikes everywhere another report showing food, energy and a bunch of other things are costing more but has inflation already peaked we look at whether it has, what fed might do about it and how you can be prepared either way the hottest unicorn is now stripe you g it's all coming up in rapid fire today. we kick things off with the market and dom for that. >> i constantly look on zillow to see how much my house is worth. i can't wait for the segment to see how much my house is really worth. the dow off by 130 points. where'll keep an eye on these marginally down markets. one place not showing any fear is the bond market the ten year treasury note yield is about 1.5%. it has been kind of tailing a little bit lower over the course of the past couple of months how can it be that if inflation is so rampant, apparently that the bond market doesn't seem the think so they keep buying up fix rate debt we'll see if that dynamic holds on i'm sure we'll talk to

i'm tyler matheson with kelly evans.f work same time companies have millions of job openings what is going on in the labor market what are the data really telling us >>> plus, the burrit

i'm kelly evans. along with dom chu meme stocks are the biggest story of 2021 but looking back in 20 years we will be reminded of amazon or pets.com? >>> many people fleeing apartment life in cities in the pandemic but home prices are too expensive now for so many people one builder is building homes designed to be represented and will get into the topic. "power lunch" starts right now >>> first let's get you a check on the markets the dow down 186 look at the nasdaq up almost 1%. s&p flirting with positive/negative territory. amc the most actively traded stock in the market. quadrupled in a month. at $60 now, wow. vaccine candidate was 47% effective against the disease. covid, of course look at the shares down almost 42%. >> some big movers there a lot of comparisons made between today's market and the dotcom market. the bears are screaming about valuations disjointed from fundamentals bulls scream as loudly about future growth prospects. whether it is bitcoin or dogecoin, amc, spacs or the nasdaq ov

. >>> thank you, scott hi every one i'm kelly evans.ould it unlock more value we'll dig into that. >>> will the push for green energy send oil prices soaring we'll tell you who could feel the pinch. >>> elon musk likes bitcoin, at least for today. we have all of that ahead. we start with today's market d o

i'm tyler math son with kelly evans. seems like nothing can stop the meme mania amc positive on the day. we'll get a reality check on that stock and looking at the lasting impact this hysteria could have on the market. >>> and the hacks keep coming. food, energy, transportation all getting hit. why the huge spike where are these attacks coming from and how should the u.s. respond? >>> we'll talk to the ceo of rent the runway about a change in the company's business model. "power lunch" starts right now >>> let's start with a check on the markets where the dow reversed and eking out a tiny gain did the dow lead what is the correlation? the s&p 500 pulling back after closing a handful of points from its own record high yesterday. the nasdaq continued a 11-day streak of an up and down day focusing in on amc turning positive moments ago an extraordinary aboutface julia boorstin is here as the shares are up 5%. >> it seems that the stock price so misaligned that the company itself warned investors in an 8k this morning that t

along with kelly evans, i'm tyler mathison glad you could join us on this sweltering wednesday the ipo rush, companies racing to go public spacs, who needs them? listings are setting records, but not all are worth owning our guest this hour will tell you which ones are >>> speaking of creating the future, how about the hydrogen economy? as the world moves away from fossil fuels there's a new way to play the shift. the analyst behind one of the day's big calls explains why this payoff could be big >>> and the kanye connection is the artist's new collaboration with the gap a reason to buy the stock? the big numbers behind the powerful partnership as "power lunch" starts right now. >>> and let's check on the markets as we close out the first half of the year it's been a winning first half and second quarter the s&p is on track for its best first half the dow up half a percent today. the nasdaq looks like it could go out with a decline. leading the dow gains, walmart, boeing and goldman sachs, one of the biggest winners year to date today adding 1.5% to that. a number of stocks from differ

i'm kelly evans. tyler matheson will join us in a market investors seem to think they got it made but are they getting overconfident? that and a new sub sector, wellness stocks. plus a potential postpandemic winner you might not have thought of the stock doubled in six months. could it go higher "power lunch" starts right now >>> let's get a quick check on the market just the dow down 55. we have drifted lower. we are stillhanging around record highs for the s&p 500 especially turning green by a point or so. the nasdaq up 15 percentage points away from record highs here for the major averages as for individual stocks biogen lower down 3.5%. a third person has now quit the fda panel following approval of the drug to treat alzheimer's. eli lilly down 4.5%. bio tech down today and up 5% this week thanks to that boost you can see there up 5.5%. meantime watching supply distrupgss labor shortages and other risks that don't seem to be bruising the market's big ego investors are buying into the idea that gro

i'm tyler matheson with kelly evans. glad y could be with us. the fed just released the so-called beige book its read on economic activity. may be the most colorful beige book in a while. we are scouring it right now for two key words. inflation and jobs and a third is transitory. >> are we headed for a crypto winter we'll diuss the results of a new survey. >>> and elon musk in hot water again with the s.e.c. over some unapoved tweets and with parents we are getting that baby shark song stuck in their heads again. "power lunch" starts right now >>> the gains are fading away. but the real action is in the so-called meme stocks. amc soaring today. one point it was up over $70 a share. pulled back to 64 and change let's bring in mike santelli. >> it is using the ox jn in the market amx is up 200% over the last week or so a reason in a short term technical basis is the highest level at which the call options are struck so in the short term the stampedes of buying through the options do have the effect of dragging up the share prices and reads a shor

i'm kelly evans.us in a market investors seem to think they got it made but are they getting overconfident? that and a new sub sector, wellness stocks.

i'm tyler matheson with kelly evans. big drug news today.iogen has fda approval for an alzheimer's drug we have got the ceo of biogen this hour. >> apple is holding a developers' conference many are not too happy with the company and the app store's 30% cut. >> that's right. should ransomware payments be outlawed by law? what about the companies victimized what should they do? we'll explore that and more as "power lunch" starts right now >>> a quick check on the markets. still a half percent decline with the dow and the s&p lower nasdaq with a gain biogen soaring thank to the approval for the alzheimer's drug the shares up at 408 and still a lot of action in the meme stocks with big gains for amc, gamestop and others on heavy volume ty, also watching apple as the worldwide developers conference is under way this year it is down about 6%, half a percent today. >> all right we'll talk more about that developers conference and why it is different than in prior years but first going to josh lipton for what apple and tim cook have said so far. jo

i'm kelly evans along with eamon javers the topping the hour the mega cap tech trade the focus is back on gold. facebook joins the gold club >> cyber cold war. u.s. and russia talk tough on cyber crime in geneva but was any progress made? david petraeus and the co-founder of crowdstrike will take us inside the battle a fight that's costing corporate america billions of dollars. >> post-pandemic flight plan united make its largest aircraft purchase ever pap big bet over surge in air travel. "power lunch" starts right now ♪ >>> here's where the markets stand midday dow is up 32 points. s&p and nasdaq hitting florida day lives. bank stocks have been leading the way, losing a little steam this came afternoon. jpmorgan is negative all of this after releasing their capital plans yesterday. home builders are up after kay schiller said home prices rose more than 14% year-on-year the gains about 1% to 2% >> as the nasdaq don't hit those record highs nearly every day big tech once again leading the market with facebook topping a trillion dollar valuation. mark zuckerberg is speaking right now. l

i'm tyler matheson with kelly evans. glad y could be with us. the so-called beige book its read on economic activity. may be the most colorful beige

i'm tyler matheson with kelly evans. millions of americans are out of work same time companies have millions of job openings what is going on in the labor market what are the data really telling us >>> plus, the burrito cost more. they have to pay more and so do you. we have a deeper look at inflation and stocks. >>> meme stock mania taking over the impact the reddit and robinhood traders have on the market just the s.e.c. chair says he wants a broad review "power lunch" starts right now >>> let's get a check of the markets. as we start off the hour we have the down about 50. the s&p higher oh so close to a record high today. the nasdaq leading the way with a gain and once again the action is in the meme stocks. gamestop higher ahead of the earnings report after the bell only adding 2.5% today amc, wendy's and bed bath is lower. clover health pulled back. traded three quarters of a billion shares today's volume a million more on that coming up clover down 3% and bitcoin climbing in the day. now up about 11.5% 36,000 and

are close to jerome powell and the fed decision as promised, cnbc will have complete coverage and kelly evans is standing by for that. kelly? >> thank you for your coverage there. jon fortt joins me now for the fed decision let's get to the panel for moments to hear the decision mona mahondrin is with us. david kelly and john bellows with 2:30 to go, what is your expectation? >> i think the fed will have to acknowledge that there's inflation stronger than expected have to upgrade the forecast for the fourth quarter of the year with a rate hike for 2023 and overall they vice phaven't madea decision for tapering. >> mona, given that we don't expect the fed to change much technically what's the body language to use that turn of frads or suggestions on tapering to be most listening for >> clearly powell said in the past they haven't begun to think about think or talk about talk about inflation. you will hear him to say to some extent we are starting to talk about tapering i think a full schedule comes in set but the fed is together and starting to talk about it and no denying that the economy mad

i'm tyler math son with kelly evans.he meme mania amc positive on the day. we'll get a reality check on that stock and looking at the lasting impact this hysteria could have on the market. >>> and the hacks keep coming. food, energy, transportation al

i'm tyler mathison along with kelly evans. the s&p hitting an interday record thanks to optimism over the economy. experts say an infrastructure deal could boost growth creating new opportunities for investors. >> and the next frontier a new "power lunch" series launches, changing the way we work and live. we kick things off with startups on net yorking today >> and hotels to cruises to recreational boating, you won't believe it americans, yes, they are on the move in a big way and setting the stage for a hot summer for the travel and leisure industry. "power lunch" starts right now >>> first, though, let's get a check of the markets the dow jones industrial average up 240 points, 20 points off the session high at the moment powered by nike. more on that in a second s&p 500 up a quarter percent the nasdaq down a tenth of a percent today. now shares of nike are soaring the stock hitting a record after they said they expect full-year sales to top $50 billion nike shares up almost 15% today. bank stocks are helping after the fed

i'm kelly evans. here's what's ahead this hour. inflation soars by the most in over a decade and the monthly increase in cpi was the second biggest since 1981 why are stocks rallying? why are bond yields barely budging or dropping right now? plus b of a downgrading clover after its reddit field run-up. >>> and consumers behaving badly and crypto is coming to 401ks. all in rapid fire. we start with the latest state of the market. hi dom. >> the state of play is generally positive we are off our session highs but still i am going to put a star next to the s&p 500. we hit a record high shortly after the opening bell there dow industrials 34593, up half a percent. generally half a percent advances for each of the three major indices. record high force the s&p. you mentioned clover health. let's talk about the other meme stocks the kings, the original ones, gamestop, and amc down sharply 10 force for amc 22% for gamestop they could look to sell shares in a secondary offering. clean energy fuels down 15%. workhorse, the electric vehicle

along with kelly evans, i'm tyler mathison glad you could join us on this sweltering wednesday the ipo are setting records, but not all are worth owning our guest this hour will tell you which ones are >>> speaking of creating the future, how about th

i'm kelly evans.meme stocks are the biggest story of 2021 but looking back in 20 years we

i'm kelly evans. here's what's ahead today. dot shock and the debate.'ll discuss that and what it means for stocks >>> plus it's amazon's prime day and while the products might be cheap, the stock has been the real bargain over the years. we've got three names that could be the next big scorers. >>> and the chicken wing shortage is getting so bad that wing stop is launching thigh

. >>> thank you, scott hi everybody, i'm kelly evans. welcome to the exchange. all eyes are on powell as the fed chair gets set to testify in the next hours investors are weighing his words of continued support against moving sooner on tightening. we're going to speak to the committee chair of the hearing in a moment. plus what's the number one comment that could be a complete disaster for the markets and economy. and bitcoin just turned positive a moment ago it's still down more than 50% from it's all-time set just eight weeks ago. will it ever get back up to those levels that's all ahead today >> the pre-powell setup is stable right now, but i get to put a gold star next to one part of the market for the first time in quite some time in nasdaq we did hit a fresh intraday record high for the nasdaq up one-half of 1% so, the near term outperformance continues and the s&p holding just about steady above that 4,200 mark, up about 14 points and all ahead of that big fed testimony from jay powell in front of that house subcommittee on the coronavirus pandemic. so, a

i'm kelly evans. here's what's ahead this hour. microsoft becomes the second member of the superexclusive $2 trillion club will it fair better than apple after hitting this spotlight when everyone else zigs, you should zag one strategist says following the crowd into growth in tech is a mistake, and he will break down why the retail stock that could revenge. we'll get to it all. but we'll start with the markets this afternoon >> kelly i'm trying to figure out if i should zig or zag right now. i've got a limited amount of real estate. i'm going to go with what's happening in the markets because they're zigging and zagging. it's playing out netting to a fairly flat market near record highs. i will put that gold star next to the nasdaq because we did hit a record the outperformer of the day is .1 of 1%. the s&p500 holding around the 4250 level zig versus zag check out the growth oriented etfs that track certain parts of the markets. the van growth tracking, up about 11.5%. the gains are moderating somewhat the first trust, many of the

i'm kelly evans. here's what's ahead this hour. $2 trillion club will it fair better than apple after hitting this spotlight when everyone else zigs, you should zag one strategist says following the crowd into growth in tech is a mistake, and he will break down why the retail stock that could revenge. we'll get to it all. but we'll start with the mar

i'm kelly evans. tyler mathisen will join me in just a moment. president biden on the international stage today as he meets with u.s. allies but that's just the appetizer. the big deal is wednesday when he meets with vladimir putin another meeting coming up on wednesday, the fete immediating. and their latest decision on interest raits calling it themost important meeting of jay powell's tenure and bitcoin above 40,000 thanks to another elon musk tweet we'll ask personal finance expert suze orman if she thinks it should be part of yur portfolio. i think her answer might surprise you "power lunch" starts right now >>> good afternoon, everyone good afternoon, kelly. i'm tyler mathisen p welcome torich prch once more. bitcoin. the stocks are all up about 15%. and as far as the broader market, the dow going the other way, losing steam throughout the session, in the red by about 3/4 of a percentage point, or 258 points remember when 258 points was huge not so much anymore. but it is still 3/4 of a percent. the nasdaq holding on to a half-point gain. k

. >>> thank you, scott hi everybody, i'm kelly evans. welcome to the exchange.ning. we're going to speak to the committee chair of the hearing in a moment. plus what's the number one comment that could be a complete disaster for the markets and economy. and bitcoin just turned positive

i'm kelly evans. this is "the exchange" and here's what is ahead this hour has jay powell been right all along? is inflation really transitory we'll dive in and ask. >>> something very strange is happening in the mortgage market and could have to do with the taper. >>> as inflation wobbles, b bitcoin has a reason to own it just disappeared dom chu is here with the afternoon numbers. >> could be worse but 1.25 decline for the dow jones industrial average and we're not that far off about 500 points plus was kind of where we were at the lowest but still see about 1.13% and the s&p 500 now below 4200 and 1% declines there and the nasdaq composite outperforming, if you will, the level there 14,073 interest rates, as you mentioned, kelly, a key part of this initiative. ten-year yields the longer treasury side of things drift down to about the 1.46 level but more than any absolute level for any part of the yield curve or maturity, it's about the difference between short and long-term rates. that gap is narro

. >>> thank you, frank holland i'm kelly evans, and here's what's ahead this hour value growth, valueauseum as to which is the better place to put your money but both are performing well as the s&p and nasdaq hit new highs. so, why even choose? we will debate that. >>> plus the biden administration extending the moratorium on evicting renters it's already having a major impact across the real estate industry

i'm kelly evans. on top of that infrastructure news that's just breaking, we'll catch you up on all the fed speak today. the hawks seem to be taking on the doffves. we'll look at who will win out on the timeline over tightening and how markets are expected to react. >>> plus, we'll also talk about some drug deal making in the pharma sector that's expected to reach a record high total this year of over $300 billion in deals. we've got the names that could be ripe for a takeover >>> and bitcoin, should you respond? we'll explore the battle taking place in cities across the country between innovation and energy usage on the other. we start with today's markets. mr. chu has those numbers. >> high energy for the markets overall. we're green across the screen. bulls wing out dow industrials up 34,192 the s&p, 0.5%. 26 points there. the nasdaq, 14373. 100-point there. i get to draw the yellow golden stars next to these. the nasdaq and s&p because they both hit record intraday highs today. also looking at the

i'm kelly evans.ho will win out on the timeline over tightening and how markets are expected to react. >>> plus, we'll also talk about some drug deal making in the pharma sector that's expected to

i'm kelly evans. here's what's ahead today. dot shock and the debate. sending the bond market the other way as yields hit multimonth lows. we'll discuss that and what it means for stocks >>> plus it's amazon's prime day and while the products might be cheap, the stock has been the real bargain over the years. we've got three names that could be the next big scorers. >>> and the chicken wing shortage is getting so bad that wing stop is launching thigh stop we'll speak to the ceo about this move. you can order thighstop.com now. >>> let's start with the market. >> i just don't know if thighstop has the real kind of marketing cachet i do enjoy dark meat chicken sometimes. but the markets overall are catching a bit of a bounce we are just near the highs of the session for the dow, s&p and nasdaq the dow was up over 500 points, 33,800 up 1.5%. the s&p 500 up north of 48 the nasdaq underperforming, only up two-thirds of 1%. not out of the realm of reason that the markets hit hardest last week, like the dow, are bouncing the most. speaking of parts of the mark

i'm kelly evans. here's what's ahead this hour.nthly increase in cpi was the second biggest since 1981 why are stocks rallying? why are bond yields barely budging or dropping right now? plus b of a downgrading clover after its reddit field run-u

i'm kelly evans.owell been right all along? is inflation really transitory we'll dive in and ask. >>> something very strange is happening in the mortgage market and could have to do with the taper. >>> as inflation wobbles, b bitcoin has a reason to own it just disappeared dom chu is here with the afternoon numbers. >> could be worse but

i'm kelly evans.is hour price hikes everywhere another report showing food, energy and a bunch of other things are costing more but has inflation already peaked we look at whether it has, what fed might do about it and how you can be prepared either way the hottest unicorn is now stripe

and you say, hey, let's make this a photo bomb day, find somebody, and luckily enough, you know, kelly evans"power lunch. i thought i might sneak in the studio and get in a photo fwom the end of "the exchange." i don't think our supervisors were happy. >> i heard about that. i'm sorry i kind of egged you into this and got you in trouble on that. >> that's okay. >> very sorry. i am impressed it's a friday. getting into summer. lighten up, everybody. it was awesome well done. >> i do it all for you yes, please, keep egging us on we always take our inspiration for you guys. >> got to have fun somehow well done, dom i'm going to check that out. it made me laugh out loud. i issued this challenge after we were on air to anybody who was still on air if you can get a photo bomb we did one with mike santoli impressive fun, right >> i have to work on some photo bombing. if i did it, it would have -- i used to, by the way, try to walk outside occasionally, outside where you are there. >> right. >> and get behind you back in the old days but you could never really see >> i know. it's hard to see through

julius evans is live with the details. kelli. >> yeah, daria will.v that fled the scene after hitting and seriously injuring a woman who was walking in the fisherman's wharf area yesterday the woman was taken to the hospital with critical injuries now the incident happened about 05:00pm yesterday. on beach street and columbus avenue. here's a picture of the vehicle that the that the police are looking for now it's a white infiniti suv with california license plates 7 and jj 0, 8, for now, police believe the driver was also involved in an burglaries in the area prior to the hit and run collision. a police urge anyone who sees this vehicle to call 911, and provide dispatchers with the vehicle's location and direction of travel. back to you guys. all right. thanks a lot. we'll keep checking in with you and get updates start the morning only. >> 5.32. is the time fire crews in pleasant hill battle. the fire that broke out ended up destroying 2 homes. you can see the video here from the citizens ap, the fire actually broke out just before 3.30 yesterday w