kristina partsinevelos is back with those kristina >> dom, let's start with elon musk he dp he deliveredtoday in china. he praised chinese automakers saying they pushed the industry forward. china has great potential as a market and keep in mind, tesla opened a factory in shanghai two years ago. concerns of autonomous vehicles collecting data. musk promised to work with authorities around the world to secure data. >>> u.s. steel is planning to build a new mill in the united states in 2022 as demand and prices are elevated. the steel mill site is yet to be determined. >>> and general motors extending down time in the united states, canada and mexico. that comes as the semi conductor shortage is continuing across the globe. dom. >> kristina partsinevelos, thank you very much for the headlines. >>> fda advisory committee is set to meet today to consider approving the third dose of the pfizer covid vaccine this meeting ahead of the biden administration's september 20th goal to get booster shots to adults who received their second dose eight months ago. at the same time, the world health orga

kristina partsinevelos joining us with those. kristina >> good morning.e minister pushing forward with the ipo rather than september a merger offer from western digital kioxia was led by bank cap in 2019 it has a 40% stake in the chipmaker. >>> another company looking to vaccinate employees against covid. alaska airlines is giving employees $200 to get the jab. >>> and amazon launching its brand of tv in the u.s. next month. the tv has been in the works for nearly two years the device will be manufactured by a third party and powered by alexa and have a screen size in the range of 55 to 75 inches i do know they launched this tv in india this is not the first time getting into the hardware business >> do you know anything that amazon cannot do, kristina the only thing left is a wearable >> aren't you defining a monopoly >> yes good to see you. >>> two big trading announcements from china in the last 24 hours. eunice yoon has more from beijing. eunice >> reporter: thank you, seema. china is setting up a new stock exchange here in beijing it is opening up it

let's get to the top stories with kristina partsinevelos.stina, good morning >> reporter: good morning, dom apple right now says it will lo loosen rules on the app store and allow customers to collect payment information and skirt the 30% commission on app store commissions. the company faces pressure over its app store. >>> moderna submitted documents to the fda for the covid vaccine. the company expects to submit data to european regulators in the coming days as well. this comes as the fda panel is set to meet to discuss booster doses on the pfizer vaccine. >>> and the wall street journal says the ftc is looking into the malfunctioning ice cream machines amid ongoing complaints with franchisees and customers the ftc is checking how mcdonald's reviews the equipment and allowing the owners to fix the machines and if suppliers are intentionally making devices difficult to service mcdonald's says it doesn't think it is the target of any ftc investigation. the ice cream machines are made by taylor commercial food service. dom, just the story we

kristina >> reporter: it seems they can't get a break.been over a week and yet there's still continued widespread damage to the power grid last night, according to the national grid here, there's over 400,000 people still without power. you can see in this area it will be weeks before they can bring back the electricity here as there's still so much water, which is why one nonproject, the footprint project, is looking for an alternative solution for those in need. they travel to disasters and work with local partners to provide solar panels for free so people can charge their electronics as well as any type of small appliances like a mini fridge, and the volunteers say it's definitely safer and more carbon conscious listen in. >> if we can deploy cleaner energyto communities in crisis it helps them build back greener and allows them to envision a future for their community and prepare for the next disaster. >> reporter: we do know that safety is a major concern because so many people even in this neighborhood are using generators to suppl

it is a risk that does exist kristina hooper. pleasure to have you on. thank you.lks, that does it for us on "worldwide exchange." i'll see you back on monday. we have more to do "squawk box" picks it up next. have a great day take care. >>> good morning the s&p coming off its best session in more than two weeks but among today's tests, jobless claims and retail sales. and in washington. democrats passing a plan to raise taxes on corporations and the wealthy. >>> plus, history lifts off. spacex launching the all civilian tcrew in orbit last night. it is thursday, september 16th, 2021 "squawk box" starts right now. >>> good morning welcome to "squawk box." i'm becky quick along with joe kernen and andrew is off today a lot of things happening in the markets. let's check at the u.s. equity markets. yesterday was a big day. you saw the dow up 236 points. gain of almost 1% for the s&p. close to 9% for the nasdaq this morning, it looks like the dow futures are down 26 points nasdaq off by 38 s&p down by 5.5.

the fda closed the mishap investigation. >>> kristina, thanks grasso, are you still in this one? >> i am. this one was flirting with 60 around the june time frame this is a headline-driven stock, as we just saw it has a lot stacked against it. i don't think management does anywhere near the communication they should with shareholders, but this is definitely a tailwind for them. >> up 11%. the short interest is about 14%. >>> coming up we have a trader triple play. we'll bring you the trades >>> plus rolling over. how can you take cover dot n'go anywhere. you're watching "fast money" on cnbc , one day, you're gonna take a hit you didn't see coming. do you stay down? or do you get up? [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ we see access to fresh food being the global norm, not the exception. at emerson, our cold chain software and technology keep perishable food at proper temperatures, to assure its safety and quality. emerson. consider it solved. (vo) this is more than just a building. to assure its it's billion-dollar views. perfectly lo

. >> reporter: it's a race against time for kristina. that would save her from that fate. >> i was up at 7:00 in the morning, putting in my application. >> reporter: she's a receptionist out of a job for over a year and applied to the emergency rental assistance program three months ago. >> it's just taking so long. >> reporter: new york state received 1.3 billion. so far it's only paid out about 30 0 million. in fact, state and local governments have distributed just 11% of the $46 billion in federal funds. >> the money is getting out much too slowly, and it may not reach many of these families in time. >> camden county, new jersey has $15 million for renters. but it took six months to even begin accepting applications. >> it is a long time. unfortunately, it wasn't something we as a county were prepared to implement. >> reporter: how much money have you guys been able to give out to residents so far? >> we will be dribtding nearly $6 million some this friday. >> but two date? >> reporter: to date, zero. it's been a long process. were t

it's smile direct club the stock is soaring yesterday and pulling back today kristina is here to explainhy. >> the reddit movement has changed the game today we have many targets i'll start with smile direct club shares climbed 16% yesterday down, granted, 2.68% right now and that's a lot of it has to do with profit taking but they make clear teeth aligners and has been around since the early 2000s. 33% of its float is shorted so that's over 34 million shares. that's a substantial amounting and the reddit crowd has noticed. it doesn't make the top 1,000 most shorted stocks according to s-3 partners but it's getting some love online daily mentions climbed over 1500%. it's the number three trending name today and that's attributed to the surge in trading volume for smile direct club. it was three times higher than the prior 30-day average but this is a company that is still unprofitable, struggled through disappointing earnings and currently trades near the lows on a positive note, the cash burn is decreasing and revenue is growing for example, i know all of us, me especially, zoom calls m

i'm not. >> kristina. kristina took me a while but i did get kristina. >> thank you, joe. >> other jobs news walmart says it plans to hire 20,000 employees to help keep merchandise moving ahead of the holiday rush the roles will be in supply chain. a mix of full-time, part-time. they will be permanent, not seasonal they will range from order fillers and the average amount is $20.37 an hour. >>> joe, to your point, i thought this year back to school was going to be totally different. our kids start tomorrow. same anxieties that we had last year at this time. >> yeah. >> into the great wide open, here we go >> yeah. what about next year what about -- you know, are you confident? >> yeah, by next year i think it will be a different story, i do. >> hope so interesting. >> yeah. when we come back, we'll talk about the latest recovery of hurricane ida. we'll take you to the french quarter. the latest problem is water quality with treatment plants offline. yesterday's s&p 500 winners and losers hey lily, i need a

steve liesman is more on the delta's impact on the labor market and kristina partsinevelos has more onhe survey on the struggle to find workers steve, let's start with you. >> kelly, thanks yeah, at least the data is showing along with high frequency jobs data suggesting the delta outbreak is sapping some of the strength out of the market adp coming in at disappointing 374,000 for the private vector that compares to expectation of 600,000 in the forecast for the private sector and the government of a robust 720,000 coming this friday job gains we're seeing in most sectors just not enough to meet expectations for another strong report adp said delta has made a dent in job growth and other data backs up the delta connection. hr software company finding work falling 2.4% nationally through mid august growth declined at august regions, but fell hardest in the southeast. that's where the delta variant has been the most widespread home base and other high frequency data we follow shows declines in leisure and entertainment, another potential sign of the delta variant at work economist at gol

in the past two decades in a moment, kristina is there on who is covering the cost of it all but first, accuweather meteorologist adam del roso. >> we've got another cold front making its way in bringing the threat for additional flash flooding and severe weather with damaging straight line winds and isolated tornadoes over the very hard hit areas still trying to recover from last week's severe weather, thanks to ida right now this boundary doesn't look terribly impressive we've had a couple severe thunderstorm warnings throughout the day. it is moving into a more unstable air mass along the 95 corridor that means the rain will intensify and we need to watch for the severe weather threats as well. we have watches in bethesda, into the hudson river valley, where the grounds are very saturated and sensitive to any additional amount of rainfall. only a half inch of rain in one hour that could trigger that new flash flooding or we could see one inch of rain in three to six hours and get that same result the forecast right now is calling for one to three inches of rain in some of the hardes

million teenagers in the united states log onto the platform each day according to facebook cnbc's kristinaere. >> bikini pinks. 10-minute ab workouts, we are constantly bombarded with seemingly perfect images and facebook shows it's taking its toll teens blame instagram for the rate of anxiety and depression for several years facebook has been investigating the impact of instagram it owns but never shared it publicly researchers agree the app could be dangerous. >> this is what creates a feeling of lack, of not feeling good about yourself, feelings of depression, eating disorders you can go down a real ugly path with this if you believe what you're seeing is true. >> we caught up with a few teens get their take. >> at times it does get to me, but it makes me feel like bad, you know like as if i'm not physically enough, you know? i'm just 16. >> you feel almost sad that you didn't get the amount of likes that you feel you should have gotten. >> you're scrolling through it at your house and seeing what others are doing and it can make you feel left out or others feel left out. >> all the res

what's next for the sector kristina has the story. >> solar stocks have had a lackluster year.e analysts see some bright spots ahead. let's start with icnl etf. it closed slightly higher today but year to date, that's a different story completely down 18% another stock in the red year to date is sunrun down a whopping 32% year to date the recent dip in prices why jpmorgan is adding a solar panel and battery company to the top ideas list jpmorgan things sunrun can soar 90% in the coming months to deal with any supply shortages. jpmorgan's price target is 86 bucks but it's not just jpmorgan have you wolf research putting out a bullish note for sun run as well as other companies like enface, solar run and solar costs have dropped more than 70% in the last decade and the biden administration vows to accelerate that trend which could bode well for this sector. >> thank you, kristina there are a lot of places to go whether it be the consumer facing or the makers of the parts, et cetera, that go into solar installations. nadine, do you like this sector? >> you know, we stepped away fr

kristina partsinevelos >>> coming up, kathy wood remains bullish on crypto, saying bitcoin could hit00 in the next few years. what about the regulatory risks it's facing? we told you about the companies facing supply squeeze. some are dealing with it better than others. we'll talk about the manufacturing moves they're making and where they're going coming up. (vo) at t-mobile for business, unconventional thinking means we see things differently, so you can focus on what matters most. whether it's ensuring food arrives as fresh as when it departs. being first on the scene, when every second counts. or teaching biology without a lab. we are the leader in 5g. #1 in customer satisfaction. and a partner who includes 5g in every plan, so you get it all. without trade-offs. unconventional thinking. it's better for business. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandw

first, my partner, telemundo, arlon fernandez helped kristina in hayward. hear brand new fridge stopped working months after she bought it. the manufacturer started the process to swap it out, then nothing. until arlon got involved. they gave her a full refund so she could get a new refrigerator. at nbc bay area responds, we heard from a very frustrated marissa in napa. she had spent $4500 on a new fridge in may. but in august, she was still waiting for delivery. she said the company's explanations were a lot of hot air. so our team stepped in. the company delivered marissa's brand new refrigerator the very next day. pretty cool. perhaps we can help you thaw an icy situation in english, 886-996-tips. have a great weekend. >> it's already the weekend? >> yay! >> we're here in. >> it's going to be a beautiful one. look at the blue skies, the lightning storm passed, and we didn't have any major problems at all. >> i know, i'm like a lot of folks, woke up, looked at my phone for any kind of alerts, i was up late last night tracking it, and so thankful nothing h

this could potentially be the biggest deal yet for intuit. >> thank you so much, kristina >>> 3m is the saying it's seeing rising labor and input costs outstrip prices. let's bring in the person behind that -- ahead of global research as yet righted into the market >> i think the real key is inve investors with exposure to commodity prices, input prices, wages, shipping costs, they need to think about the exposureto valuations if inflation remains elevated, interest rates will adjust upwards. when they do, there will be significant downward pressure on valuations across the economy, but as we know from when change is interest rates is a function of duration. how far into the future, and text stocks tend to have the longer duration of any equity asset, because in most cases you have relatively small amounts, in fact even negative free cash flow in the current period and near term, but the valuations are very high based on the expectations that there's going to be a very significant payoff at some point in the distant future so these are actually the stocks that are mostexposed to inflati

kristina partsinevelos here with the latest. >> peloton, campbell's soup, ford, sounding the alarm onh steel prices, and increasing costs are trickling down aluminum has surged 36% to 2,940 tons some of it has to do with output cuts in china, the world's top producer and we use aluminum in everything from canned soup to roof gutters to hvac equipment, and pushed up the price of household appliances which jumped 6.8% since august steel prices also rising on high demand for manufactured goods and tariffs on import, and think of all of those used cars flying out of the lots as of late steel up a whopping 100% year to date manufacturers are racing to stock up on these medals, and the rising costs could pose a continued threat to the sector, tyler. >> one way or another, doesn't this all move through in the form of inflation, one way or another. it has to. >> it's not transitory anymore >> it's feeling more than transitory right now it really is. >> a big debate, right, yes, i agree with you, especially if you bought a used car. >> thanks for watching "power lunch. >> i was going to say, w

. >> kristina, thanks. >>> the international alliance of theatrical and stage employees reports it hasn'tan agreement on its latest contract. the union demanding higher wages, longer rest periods and residuals for content aired on streaming services studios say their demands are just too much. in a statement to "the l.a. times," the trade association that negotiating these deals says it had listened and addressed many of the union's demands. up to 60,000 union members could asked to vote for a strike as early as friday with results for next monday. the vote needs a 75% majority. if the union votes in favor of a strike, it doesn't mean a walkout is inevitable, but it does put the power in the hands of the union leaders as they threaten to close down productions. hollywood crews haven't staged a major strike since world war ii. what would it mean a strike would impact a number of unionized film and tv projects on the west coast and nationally at a moment when production in los angeles and new york has finally rebounded to prepandemic levels. it's hard work most of us can relate, but what ab

kristina, thank you. >>> shares of tesla up more than 10% in the last month. night >> i think the stock price is too high, in my opinion. so, i don't know what we're supposed to do [ laughter ] i'm not the one making it go up. >> in the meantime, vocal tesla both cathie wood unloading larger shares of tesla shares. she bought shares in some of her other favorites like square, zoom, nvidia and robinhood tesla's up a little bit today, josh, but, i don't know, how do you feel about elon musk talking about his stock price being high talking about how we didn't play that sound bite but also spoke a little bit about how the biden administration is biased against tesla, didn't invite him to an ev event, says because they're listening to unions. it would appear that's probably not what you want to hear if you're a tesla investor. >> i don't know, sara. i would say if you're in this stock as a tesla investor, this is what you came for like, i would say a week where nothing happens is like the worst-case scenario. they love this so i don't know if it's necessarily terri

kristina partsinevelos tells us how we got here. >> who would have thought they could rally to put gamep over 650% higher in one month. >> game stop has now doubled into two days. >> shares of game stop all over the map today. >> shares of game stop is surging after hours. >> game stop shares right now, i mean, i can't -- i don't even know what to say. >> but here we're in 2021, the age of meme investing. these stocks often become overvalued seeing drastic price increases in just a short amount of time. much like what happened to blackberry, amc and nokia this past january and well into 2021. most of had has to do with tug-of-war on reddit who bet the stock would keep rising and professional managers of wall street hedgefunds who bet game stop would crater. these short sellers proof when a stock goes down but they also lose big when the stock goes to the moon hedge fund melvin capital losses are the most visible wound at at least 53% of the investment gone in january alone maple lane lost 45% in january short sellers were definitely hit hard. >> i'm humbled by what happened in january i

toward body posivity, self-esteem issues remain specific >> it's an ongoing problem thanks so much, kristinae poor in america during the pandemic that's what's topping cnbc on the money. stimulus checks and unemployment benefits lowered poverty in 2020 the overall poverty rate did rise slightly, but the supplemental poverty rate, the one we really watch, which includes government assistance payments declined nearly two percentage points. the fall in that the fall in that rate means government aid put in place during the pandemic lifted millions of americans out of poverty last year. the supply of homes for sale near a record low. 5.24 million this as the gap between supply and demand is widening, according to new research from realtor.com. some of the reasons? well, a severe labor shortage, exacerbated by covid, plus supply chain disruptions that pushed prices for building materials higher >>> and taco tuesdays expanded taco bell launching a subscription service that taco bell's calling taco lovers' pass you buy it on the store's app between $5 and $10, depending on the location, then eat up

. >> reporter: it's a race against time for kristina toscano.that fate. >> i was up at 7:00 in the morning -- >> reporter: toscano, a receptionist out of a job for more than a year applied to the emergency rental assistance program three months ago. >> it's just taking so long. >> reporter: new york state received 1.3 billion. so far, it's only paid out about 300 million. in fact, state and local governments have distributed just 11% of the $46 billion in federal funds. >> the money is getting out much too slowly and it may not reach many of these families in time. >> reporter: camden county, new jersey, has $15 million for renters, but it took six months to even begin accepting applications. >> it is a long time. unfort unfortunately, it wasn't something that we as a county were prepared to implement. >> how much money have you guys been able to give out to residents so far? >> we will be distributing nearly $6 million come this friday. >> but to date -- >> to date, zero. >> to date, zero? >> it's been a long process. >> reporter: without avail

. >> kristina, their >>> up next, worst day for the nasdaq since march what should investors be lookingas we head into a fresh trading day? we'll discuss when "closing bell" comes right back over the years, mercedes-benz has patented thousands of safety innovations. crash-tested so many cars we've stopped counting. and built our most punishing test facility yet, in our effort to build the world's safest cars. we've created crumple zones and autonomous braking. active lane keeping assist and blind spot assist. we've introduced airbags, side curtain airbags, and now the first-ever rear-mounted front-impact airbags. all in the hope that you never need any of it. ♪ ♪ we see smarter software delivering cleaner power. emerson's breakthrough technology enables the power industry to integrate renewable energy sources to modernize and improve the electric grid. emerson. consider it solved. >>> now to our wall street look ahead. on the data front, we will get a read on the housing market with pending home sales and weekly mortgage applications. warby-parker expected to go public via direct listin

joining me now is kristina rabecaite, energy market expert and ceo of the renewable energy price comparisonting. so this disaster just stocked up what was already going in the wrong direction. already going in the wrong direction-— already going in the wrong direction. ., . ., ., ., direction. how much of our power to be let direction. how much of our power to be get from — direction. how much of our power to be get from france? _ direction. how much of our power to be get from france? we _ direction. how much of our power to be get from france? we import i direction. how much of our power to i be get from france? we import around 7.5% each be get from france? we import around 15% each year — be get from france? we import around 15% each year of _ be get from france? we import around 7.596 each year of france's _ be get from france? we import around 7.596 each year of france's nuclear- 7.5% each year of france's nuclear power, which is a significant amount to help keep the lights on in the country. to help keep the lights on in the count . �* . to help keep the lights on in the count . . .,

former strictly professional kristina rihanoffjoins us now in the studio. on _ because it is so new. yes, it is a very full on show _ because it is so new. yes, it is a very full on show and _ because it is so new. yes, it is a very full on show and very i very full on show and very emotional, very stressful sometimes, so you really want to feel that someone is there for you, that teamwork is the important. there is a lot of pressure _ teamwork is the important. there is a lot of pressure on _ teamwork is the important. there is a lot of pressure on the _ a lot of pressure on the professionals to do that as well because you are more than just teaching, you are like an emotional support. we teaching, you are like an emotional su ort. ~ . teaching, you are like an emotional su- -ort. ~ ., ., teaching, you are like an emotional su ort. ~ . ., ., support. we are sort of there to uuide, support. we are sort of there to guide. to _ support. we are sort of there to guide. to help. _ support. we are sort of there to guide, to help, to _ support. we are sort of ther