i'm kelly evans. hi everybody, and welcome to the exchange 850,000 new jobs and wages on the rise so, why are bond yields falling again on this great jobs report? we will tell you why and look at the stocks that could hurt if wages continue their climb >>> plus it's branson versus bezos in the space race. richard brans son is set to be aboard a flight next sunday. the stock soaring or landing in the stars. is it the best time for bezos to step away as ceo of amazon it's all coming up in rapid fire but we begin with the stock reaction to today's jobs report. christi kristina partsinevelos has those numbers. >> the russell that you're seeing on your screen down almost 1% is the only major index lower for the week we know kelly will get into the bond yields. growth taking charge after trailing slightly over the past two business days. so, tech is the leader on the board, up 1% that's primarily due to software consumer staples led by hbc and grocers. last but not communications services- i always say cons

i'm kelly evans. here's what's ahead. it's s the u.s. on a collision course with china? president xi directing a fiery speech directed in part at the u.s. what it means for doing business and investing in china >>> and taken to the woodshed. lumber prices chopped in half since their wood peak. why it's happening and what it says about inflation robinhood wants you to use robinhood to buy robinhood stock. and doughnuts. we begin with the second half of the year christina has the numbers. >> stocks continue to reach new record levels today. the move after the major indices closed out a strong second quarter and a first strong half of the year. why? you have central bank liquidity, fiscal stimulus, vaccines, reopening momentum outsized earnings surprises all contribute to this bullish narrative with only -- bullish across the board but the nasdaq trending a little lower. the s&p 500 has now rallied at least 5% in each of the last five quarters. that's the best quarterly streak since the year elvis started his musical career in 1954 on a sector basis, energy is the best perf

. >>> thank you, scott i'm kelly evans. here's what's ahead this hour. bitcoin's wild ride as the rebound in prices continues. we'll speak with the ceo of grayscale about the recent price swings, the fed's concern about stable coins and the grayscale push to become an etf. >>> plus, a blue chip check from american express to intel to apple, even microsoft. some big numbers of the dow making headlines and making moves. the news of the trade on all of them straight ahead. >>> the ceo of alaska airlines joins us about earnings and the state of travel and the future of travel across the u.s dom chu is here with the latest. >> the travel and leisure stocks reopening trade helping bounce off the lows from monday the markets are taking a breather the dow, call it flat on the day so far just a tiny bit to the down side the s&p 500, 4360 the last tray there. almost right at the flat line. the nasdaq outperforming only up by 0.2%. 14,656 the last trade there. as for some of the companies in the news so far today, one thing these companies have in common, microsoft

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 may be looking for a new place to work and finding it those stories are coming up today. >>> but we begin with the markets. and dom is back with those numbers. >> a bit of a sellout in the rally to record highs. we did hit a record high in the s&p 500 just after the opening bell today, and we are lower today, snapping a 7-day win streak for the s&p 500 and by the way, if you're looking for the context of where we're at intraday, at the highs of the day, the dow was down roughly 27 points, at the low down 427 points. so, we're kind of tilting towards the lower end of that range right now. so, keep

along with kelly evans, i'm tyler mathison opec meets, crude prices climb is this the start of an even bigger rally and how should you play it? >> and a hiring tour denny's is looking for 20,000 workers. they are embarking on a cross-country road trip to find them the ceo tells us how the labor crunch is changing the way he does business. >>> and cashing in boost mobile sponsoring two of the ncaa's most well-known female players helping to usher in a new era of college athletes and creating new opportunities for the company. "power lunch" starts right now >>> and the dow and the s&p are in the green the nasdaq is slightly in the red. and robinhood is filing for an ipo. it has about 18 million accounts here is how rivals charles schwab and interactive brokers are trading on the news up a little bit less than 1% right now. we'll have more in a few moments. and krispy kreme making its wall straight re-entry, if you will it's now up 17%. this is an unusual trading pattern today. the ipo was below the range and it has since reversed that course and is now climbing >>> first, breaking news o

i'm kelly evans along with eamon javers americans are spending on everything from restaurants to clothesdgets the former ceo of macy's breaks down today's retail sales numbers and tells what's could derail the industry's recovery >>> and then blend making its wall street debut company, some sectors that have been on fire the founder will tell us what's next for his company and shares his unique view of the consumer economy. >> and peak commodity inflation. the one stock investors should av avoid. we'll talk to our guest nest >>> let's begin with a quick check on the markets which are now at fresh session lows. dow down 165 points or half a percent. if you're wondering why even after the strong retail sales report a softer consumer sentiment read the nasdaq is catching up down 0.4% as well inflation is highest level since 2008 >> americans are spending, that's the tension here today. retail sales coming in stronger than expected. the spending was broad across most categories but there are questions about how the delta variant will impact the sector the former chairman and ceo of macy's is

i'm kelly evans along with eamon javers wages climb and the cyber security industry, as you know, is hiring like crazy they're scrambling to fill half a million positions nationwide >>> on wall street the bulls are in control the s&p hitting another interday high wall street will slow its roll our guest tells us how he plans to profit. >>> inventory is falling, bidding is rising and penthouses are driving demand we will take you on a tour of a special one, "power lunch" starts right now >>> and here is where we stand on the markets, what, about 90 minutes left to go, two hours, something like that? what time is it? before a three-day weekend the dow is up about 141 points, the nasdaq up 94 we have green across the board all after the strong jobs report we are on track for the major averages keeping an eye on the dow in particular slightly the underperformer today we're watching lordstown under investigation by the department of justice shares are dropping 11%, down around $9.2. some under the radar names are hitting new highs. waters, otis world we are talking about all-time highs in

i'm kelly evans along with rahel solomon in for tyler mathison. topping the hour profit growth, the best it's been in more than a decade estimates are up, the s&p at a new high we will look at the reports due out that matter most to investors and the market >>> chinese education stocks getting cut in half after a report china is widening its crackdown. is it a nirvana setup for tech one analyst says yes >> that's an interesting twist >>> and a new type of activism the hedge fund manager who is shaking up companies in the name of esg, continuing on our big series from yesterday. and reaping returns for investors doing it her way more in just a moment. >>> first, a check on the markets. the dow, the s&p and nasdaq heading for a record close after the big declines on monday >>> and strong earnings from tech stocks giving the market a lift facebook also gaining. >> huge moves. you can see the latest, snap is up 25% >>> going the other way among the decliners, intel falling after an annual sales forecast implied a weak end to the year shares are down a

along with kelly evans, i'm tyler mathisen glad you could join us topping the hour, rival strikes again. it's behind the single biggest ransomware attack of all time. is the u.s. losing the cyber war? with all of the focus on cybersecurity, why are key stocks in the sector lagging the market >> we'll explain. >>> plus the dow dropping sharply mid-day. we're currently down around 300, 400 points but the next strategist says the catchup trade is emerging. >>> and tillman on which parts of the economy are red hot and what still concerns him. we'll talk about all that and more as "power lunch" starts right now. >>> and as we mentioned, the dow is down more than 400 points in session lows we're down 282 we were actually positive at the highs of the session by just a little bit but we are dragged down by jpmorgan goldman sachs as the 10-year yield keeps slipping it's a wild day for oil. let's check in on prices which are retreating after touching a six-year high. all of this after opec plus failing to reach a deal. we've got wti crude down 2%, still over $73 a barrel and we'll hear from the s

. >> it's great to be back tyler mathison and kelly evans are off today. stocks are off their lows. from semis to financials, crypto treasuries, what's this market saying about what's happening next >> reopening risk. live nation, the ultimate recovery play. the ceo tells us with the rise of the delta variant could mean for his business >>> and bucking the trend, money is flowing into and under the radar part of the real estate market right now or some stocks in that area are hitting new highs even as this market continues lower. "power lunch" continues right now. >>> and let's get right to the markets this hour. the dow, the s&p and the nasdaq all off their lows of the session. you see here the dow down. at one point down 536 points that's at the low. american airlines trading a little bit higher right now. energy stocks also getting a lift we're seeing devon energy up 1%. one of the big things, those meme stocks, doing a big turnaround amc up here more than 5% gamestop only up fractionally. >> i even know what a meme stock is now >> nice haircut, by the way. >> thank you very much

along with kelly evans, i'm tyler mathison an economic riddle growth is strong, demand is roaring, but the economy has been uneven. so how can investors navigate an economy that's both too hot and too cold >> and charging up tesla is opening up its supercharger network to other types of evs why are they helping their competitors? we'll go inside the controversial decision >>> and the c-suite job of the future some call it the chief purpose officer. we'll explain what that is, what it means for investors "power lunch" starts right now >>> let's kick things off with the markets today, everybody here is the dow up 255 points. we're pretty much near session highs. 0.3% gained. similar increases for the s&p 500 and the nasdaq and the yield on the ten-year manufacturing higher a. reverse of its recent trend. verizon, j&j and coke -- >> all out we keep an eye on those names. we see verizon and coca-cola adding 1%. >> the volatility this week seems to be mirroring what we're seeing in the economy. you look to one side and you'll see higher wages, more spending, a bullish consumer, hot housing

i'm tyler mathison along with kelly evans. topping the hour, unloved and ready to rally earnings season is here and as companies get ready to report our next guest says a list of neglected stocks -- he has a list of neglected stocks worth owning >>> and reddit readers are determined to send the price of silver into the stratosphere >>> and china outflows accelerate abandoning stocks to the tune of a billion dollars in two weeks where is that money going? we'll tell you because "power lunch" starts right now. >>> but first, let's get a check on these markets the dow is up 100 points we've cut our gains more or less in half. still the dow is outperforming the major averages up 0.3% the nasdaq has gone back positive the s&p and nasdaq floating with record highs in the trading session so far today the s&p real estate index also hitting a record up more than 27% so far this year we'll have a full report on the summer housing market in just a few moments. meanwhile, virgin galactic shares tumbling after the company has filed to sell

i'm kelly evans. here's what's ahead this hour. stocks stage a sharp rebound after posting the biggest selloff. bond yields also bouncing. they remain at ultra low levels. a very differ dynamic. we'll talk about which sectors should drive the next move in markets. >>> plus, bitcoin is back below 30,000 fidelity says institutions are still bullish on crypto. we'll talk about the findings that are still keeping investors on the sidelines can netflix keep growing is apple buying a movie studio it's all ahead this hour we kick things off with this rally, dom chu has the rally. >> what a difference a day makes, kelly we were talking about the sharp selloff yesterday. would you believe it if i told you at these levels right now which represent near highs session, we have gotten back everything and more that we lost in the s&p 500, everything and more that we lost in the nasdaq composite and the dow is just a stone's throw away from getting back everything it lost. the dow, the s&p and the nasdaq having a massive day to the up side one of

along with kelly evans, i'm tyler mathison an economic riddle growth is strong, demand is roaring, bute an economy that's both too hot and too cold >> and charging up tesla is opening up its supercharger network to other types of evs why are they helping their competitors? we'll go inside the controversial decision >>> and the c-suite job of the

i'm kelly evans. here's what's ahead. it's s the u.s. on a collision course with china? part at the u.s. what it means for doing business and investing in china >>> and taken to the woodshed. lumber prices chopped in half since their wood peak. why it's happening and what it says about inflation robinhood wants you to use robinhood to buy robinhood stock. an

i'm tyler mathison along with kelly evans.eady to rally earnings season is here and as companies get ready to report our next guest says a list of neglected stocks

i'm kelly evans.d wages on the rise so, why are bond yields falling again on this great jobs report? we will tell you why and look at the stocks that could hurt if wages continue their climb >>> plus it's branson versus bezos in the space

i'm kelly evans and here's what's ahead today on "the exchange."or 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

i'm kelly evans. this is "the exchange" and we have inflation to talk about, coming in superhot for june, up 5.4%, the core reading up the most 30 years why are stocks rallying today? we'll discuss. plus we have the unrest in cuba, the latest from havana as analysts wonder if venezuela could be next and why our guest says the u.s. should not pursue more sanctions >>> and coming up in rapid fire, what elon musk gates, espn raises rates >> i know what you were saying and all the viewers and listeners know what you were saying it doesn't matter because we've got another record high for the markets again. it's not the spectacular, but it's still s&p 500 and nasdaq composite both hitting record levels the dow industrial is lagging a little bit because of some of the results you will talk about later in the show. but still a solid move higher for the major indexes, at least the broader base ones like the s&p. one place to keep an eye on is what's happening with marijuana stocks the etf managers group altern

i'm kelly evans along with eamon javers americans are spending on everything from restaurants to clothesreaks down today's retail sale

i'm kelly evans along with rahel solomon in for tyler mathison.een in more than a decade estimates are up, the s&p at a new high we will look at the reports due out that matter most to investors and the market >>> chinese education stocks getting cut in half after a report china is widening its crackdown. is it a nirvana setup for tech one analyst says yes >> that's an interesting twist >>> and a new type of activism the hedge fund manager who is shaking up companies in the name of esg, continuing on our big series from yesterday. and reaping returns for investors doing it her way more in just a moment. >>> first, a check on th

i'm kelly evans.about, coming in superhot for june, up 5.4%, the core reading up the most 30 years why are stocks rallying today? we'll discuss. plus we have the unrest in cuba, the latest from havana as analysts wonder if venezuela could be next and why our guest says the u.s. should not pursue more sanctions >>> and coming up in rapid fire,

along with kelly evans, i'm tyler mathison glad you could join us the sell-offis intensifying, the dowf 2021. as pandemi

i'm kelly evans. here's what's ahead this hour. stocks stage a sharp rebound after posting the biggest selloff. bond yields also bouncing. they remain at ultra low levels. a very differ dynamic. we'll talk about which sectors should drive the next move in markets. >>> plus, bitcoin is back below 30,000 fidelity says institutions are still bullish on crypto. we'll talk about the findings that are still keeping

. >>> thank you, scott hi everybody on this monday i'm kelly evans and here's what's ahead. if you missed out on the record setting rally, one strategist has three names that could be on the brink of a breakout. we're getting a boost from the credit markets plus the countdown is on for one of the most anticipated ipos of the year, robinhood. ahead of its expected debut thursday, the company is becoming single money app. and the china crackdown continues, why gap could rally 44% and investors are going big on language. it's all coming up big throughout the hour. let's start with the markets scott mentioned the record setting moves. bob pisani has the numbers >>> 4. 3 advancing the declining stocks so it's somewhat of a mixed market but it's good enough for all the major indices to hit new highs, the dow, s&p and nasdaq now in negative territory in the nasdaq, but it's there what's happening is cyclical stock to the floors. siically cal dropped on monday material names, energy names, these stocks are all 7, 8, 9% above where they closed last monday tough day. and even consumer

. >>> thank you, scott i'm kelly evans. here's what's ahead this hour.h the ceo of grayscale about the recent price swings, the fed's concern about stable coins and the grayscale push to become an etf. >>> plus, a blue chip check from american express to intel to apple, even microsoft. some big numbers of the dow making headlines and making moves. the news of the trade on all of them

along with kelly evans, i'm tyler mathison glad you could join us the sell-offis intensifying, the dow heading for its worst decline of 2021. as pandemic fears grip investors this day energy and industrials the biggest laggards as growth concerns take hold >> the yield on the ten-year breaking belowits 200-day moving average investors are looking for safeties is this shakeout the start of something bigger is it a healthy pullback and what should investors do about it >> we have team coverage and will start things off with who better than bob pisani tracking the market action from the new york stock exchange. robert >> reporter: the markets are living in a post-covid, post-vaccine world but, of course, the virus has not gone away and that's the major problem. let's look at the issues the markets are dealing with first, of course, is the covid variants and how serious are they secondly, high valuations and, third, the peak growth story they're all combining to see a 2% to 3% decline here. if you look at the payment process, a very simple way to express the concern people have about not g

. >> it's great to be back tyler mathison and kelly evans are off today. stocks are off their lows.pening next >> reopening risk. live nation, the ultimate recovery play. the ceo tells us with the rise of the delta variant could mean for his business >>> and bucking the trend, money wi

. >>> thank you, scott hi everybody on this monday i'm kelly evans and here's what's ahead. setting rally, one strategist has three names that could be on the brink of a breakout. we're getting a boost from the credit markets plus the countdown is on for one of the most anticipated ipos of the year, robinhood. ahead of its expected debut thursday, the company is becoming single money app. and the china crackdown continues, why gap could rally 44% and investors are goin

kelly will be voting yes on the amendments en bloc number 4. the speaker pro tempore: for what purpose does the gentleman from pennsylvania seek recognition? mr. evans: mr. speaker, as the member designated by mr. lawson, pursuant to h.r. 8, i inform the house that mr. lawson will vote no. the speaker pro tempore: for what purpose does the gentlewoman from washington seek recognition? ms. wexton: mr. speaker, as the member designated by mr. katko of new york, pursuant to h.r. 8, i inform the house that -- >> mr. speaker, as the member designated by mr. katko of new york, -- new york, pursuant to h.r. 8, i inform the house that mr. katko will vote no. the speaker pro tempore: for what purpose does the gentleman from colorado seek recognition? mr. yarmuth: hello, mr. speaker. as the member designated by mr. al green of texas, pursuant to h.r. 8, i inform the house that mr. green will vote no on the amendments en bloc 4. the speaker pro tempore: for what purpose does the gentleman from michigan seek recognition? >> mr. speaker, as the member designated by mr. aderholt of alabama, pursuant to h.r. 8, i inform the house that mr. aderholt will vote yes on

kelly will vote yes on the en bloc amendment number 2. the speaker pro tempore: for what purpose does the gentleman from pennsylvania rise? mr. evans: madam speaker, as the member designated by mr. lawson, pursuant to h.r. 8, i inform the house that mr. lawson votes no on the amendments en bloc number 2. thank you. the speaker pro tempore: for what purpose does the gentleman from ohio rise? >> madam speaker, as the member designated by mr. katko from the state of new york, pursuant to h.r. 8, i inform the house that mr. katko will vote nay on the en bloc number 2. the speaker pro tempore: for what purpose does the gentlelady from new york rise? ms. velazquez: madam speaker, as the member designated by chairwoman carolyn maloney of new york, pursuant to h.r. 8, i inform the house that chairwoman maloney will vote no on the amendment enblom number 2 -- en bloc number 2. the speaker pro tempore: for what purpose does the gentlelady from iowa rise? mrs. axne: as the member designated by ms. wild, pursuant to h.r. 8, i inform the house that ms. wild will vote no on the amendments in en bloc number 2. the speaker pro tempore: for what pu

kelly will vote no on the rule. the speaker pro tempore: for what purpose does the gentleman from pennsylvania seek recognition? mr. evans: mr. speaker, as the member designated by mr. lawson of florida, pursuant to house resolution 8, i inform the house that mr. lawson votes yes on agreeing to the resolution. the speaker pro tempore: for what purpose does the gentleman from michigan seek recognition? mr. moolenaar: mr. speaker, as the member designated by mr. aderholt of alabama, pursuant to h.res. 8, i inform the house that mr. aderholt will vote no on the rule. the speaker pro tempore: for what purpose does iowa seek recognition? mrs. axne: mr. speaker, as the member designated by ms. wild, pursuant to h.res. 8, fovrm form -- i inform the house that ms. wild will vote yes on h.res. 567. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? mr. correa: mr. speaker, as the member designated by congress member napolitano, pursuant to house resolution 8, i inform the house that congress member napolitano will vote yes on h.res. 567. the speaker pro tempore: for what purpose does th