next, leslie's turn. one more of fred, big smile. and then leslie, again. this time with her beloved dog. then, something went wrong. >> it's like it just happened in slow motion in front of me. >> in an instant, leslie was gone. >> at the waterfall. she's in the river. >> what happened at cottonwood creek? >> coming up -- >> as she did? tell them is too soon to know. >> the hunt for answers would start with a frantic search. >> at the waterfall. she fell and they can't find her. >> where was leslie mueller? and did she survive. all >> of a sudden i hear yelling. yelling is coming from downstream. >> when "dateline" continues. [swords clashing] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. struggling to manage my type 2 diabetes was knocking me out of my zone, don't thank them too soon. but lowering my a1c with once-weekly ozempic® helped me get back in it. ♪ oh, oh, oh, ozempic® ♪ my zone? lowering my a1c and losing s

to leslie's point, have to say this. there's a conversation to be had that this country is not always fair for certain people. i understand that. i'm a black man, i get it. but the conversation always led by the left in terms of hatred and in terms of division. it is never really about recognizing where we came from, but how great america is right now and trying to bring people together. that is the issues that i have with a lot of the stuff. >> julie: tomi, a lot of people say that this country is divided. but with comments like this, are you not further dividing the country? houses creating unity? >> tomi: they thrive on division and they talk about a lot of things, but it it is a smoke and mirror show. it's a gaslight. this is a lot performance commits a lot of attention seeking and we've seen this for a year and years now. it is hit a fever pitch this year with an anti-americanness. i will say this as well. and going off of what everybody else had. you don't continue to make progress in the country if you don't ackno

hi, gene >> hi, leslie.idre laid that out quite well for us and as "the wall street journal" describes it andy jassy will be filling one of the biggest shoes in business coming off the heels of jeff bezos in that role given how the tech industry is so often characterized by this idea of the cult of the founder and the ability to move fast and break things is this such a mature company at this point, that as long as they can succeed in succession it will be okay >> it does change really the pressure point of the whole conversation which is around culture and this is what happens with apple, steve cook and jobs and that transition and it was important for apple to maintain its culture of excellence and they created apple university and it is a program where employees can learn about the things that steve jobs was passionate about and so tim was there not from the start, but was there from the mid-90s and it was a good transition i think that andy sets up that culture transition better than anyone else and he h

they named leslie lynch king, jr., and he is the person that we know as gerald ford.this case, we have his christening gown and a book that his mother kept. in 1913, his mother began to keep a book on the baby's experience, and we can't present the real thing, but a duplicate of it in flip form, and some of the things in here that you can see is the first picture of dorothy with the baby. he was born in a house in omaha, nebraska in his grandfather's house, charles king's house, and some of the interesting things about it is that she records the baby's first outing, and the entry of his first taxi cab ride, and she records two weeks after his birth, and that is when dorothy king was fleeing leslie lynch king. and leslie lynch king proved to be a abusive husband and that continued from the wedding day through the honeymoon and through the time of the pregnancy. as soon as she recovered the strength of the birth of the child, she secreted him to a taxi cab to council bluffs, iowa, and she records the next entry, the baby's first train ride. she puts him on a train, and

and that was when dorothy king was fleeing leslie lynch king leslie lynch king proved to be a very abusive husband and that abuse began really on the wedding day through the honeymoon and extended into the time of her pregnancy as soon as she recovered her strength after the birth of the child. she secreted him into a taxi cab and drove him over to council bluffs, iowa where she then records the next entry which is babies first train ride. she puts him on a train and she takes him to chicago where her parents lived. just outside of chicago and harvard, illinois, so she has fled her husband her husband files suit for abandonment for divorce on grounds of abandonment, and then she countershews on grounds for abuse and the judge decides in her favor. this is 6:49 union a house. that's still exists in grand rapids. and that's the home of his youth dorothy brought junior two grand rapids because her parents were developing real estate in the area along with another partner of her father's and here she met a paint salesman by the name of gerald ford and by february 1917. they had gotten married

leslie link king proved to be a very abusive husband.t abuse began really on the wedding day, through the honey moon and extended to the time of her pregnancy. as soon as she recovered her strength after the birth of the child she secreted him into a taxicab and shuttled him over to iowa where she puts him on a train and tax him to chicago, where her parents lived, just outside of chicago in harvard, illinois. so she has fled her husband. her husband files suit for abandonment -- he files for divorce on grounds of abandonment. she counter-sues on grounds of abuse and the judge rules in her favor. this is the home of his youth. dorothy brought jr. to grand rapids because her parents were developing real estate in the area along with another partner of her father's. and sheer she met a paint salesman by the name of gerald ford. and by february of 1917, they had gotten married. and so they had themselves and a young child whom they continued to call jr. in time he just became gerald ford jr. there never was an adoption, but there was a fami

i hope our viewers heard leslie better than i could. record high for the s&p, record high for the dow today steve weiss i apologized for having to cut you off earlier. what do you have to say? >> so a couple of things number one, they're not disrupters they're going into a business and they're offering prices which are free, which is many, many others are doing. i don't thinks they're a disrupter. number two they haven't democratized investing that's been democratized a long time ago they are talking out of two sides of the mouth they are owning 16% of the company by control 60% of the vote let's go where the intentions are which is not one shareholder one vote that's really poor governance. i don't think vlad -- he has done a great job to this point but thank god for the pandemic for them but us that fueled growth they were bumping along, growing. but you can't value this company as a disrupter when it's not you've got to value it comparing it to the others that offer a much broader line of services. so, look, they've got a purpose for

leslie? >> leslie: i have a d at the end of my name and it was irresponsible. i don't care if you have a d or r, whatever your initial is. this is why, harris, this is why people have the belief -- and i see it out there in social media, avon hear it, people that call into my radio show. there is a belief that if you are vaccinated you are immune from getting covid. that is not true. what you are immune from is being on a ventilator or being in the icu, because that's what we see with the unvaccinated right now. this was irresponsible, even if you are vaccinated you are supposed to still be wearing a mask, especially in small spaces. they were on that plane. if anything, this just shows you need to be vaccinated, because i'm not hearing about any of them on a ventilator in the icu, and we are seeing alarming numbers and some of our states, whether it's children or people 30-55 years of age now, because we know this delta variant is stickier, that's what scientists and doctors are saying. this was clearly irresponsible, it was wrong to do, and i don't care if we

leslie bring back a mask man that you are in los angeles county.y're bringing back the mask a mandate for people vaccinated indoors, how does that encourage people to get vaccinated? >> first about here in los angeles county, we look to science into doctors. it is the healthcare workers whose liberties have been infringed upon this past year end continue to be when people do not want to mask up, do not want to get vaccinated do not with the social distance. that's it we are seeing the numbers surging. we of us here in los angeles county, myself included to not have a problem asking upgrade remedy scientist, the physicians of said the delta variant is stickier in the lungs may not die, people are not vaccinated makeup between 90 and 95% upon spice patient throughout the country we have people ages 30 -- 55 her hospitalized, and i see on ventilators with two children on life support in mississippi. people may talk about oh, my liberties being infringed upon, but at the end of the day we are supposed to all be in this together. this is not and should

howie: leslie, i'll let you respond to that.eople have the right to descend dash -- dissent, but to some extent it's about the tone on the nation's birthday. >> listen to will's tone. all of us on the left don't speak with one right, nor do all on the right. nor do all americans. it causes division. we're not unified under one message as a party, the democratic party. we're not unified as a nation with one message. i'm from massachusetts, 20 minutes from plymouth rock. my real last name you can find on the may flour -- mayflower. i don't love what happens when we hit the shores, that many of us have -- hello. we got you. >> i think i've been -- i think you guys can see me but i think i got disconnectedded somehow we .howie: we can hear you fine. let me pick be it up with will. let me mention that the author of the new york times story told cnn she was just reporting on the flag becoming a divisive symbol, she was not advocating. i want to look at two members of congress that have been attacked by the other side. one of them is r

eastern time sticking with the robinhood theme, leslie picker, kay rooney, bob pisani, i think lesliet with some indications. >> that's right. early days it opened 15 minutes ago or so this is the process where they pair orders together to get a sense of what price they should open the stock at. right now we are hearing orders around $40 a share but this is on pretty low -- a low amount, 2.6 million shares at this point in time. we won't start seeing activity until that amount pretty much doubles, until you get 10% of the float here that's matched to start getting real indications in the windows that we typically see. now, i have been chatting with investors. i have been chatting with other sources this morning to kind of get a sense of what's going on, what's sentiment like, how this deal is different. we talked about the retail aspect and allocation there. ceo vladim vlad ten i have declining to give a number. we learned that number is closer to 20% another thing worth watching for is the actual infrastructure and pipelining of robinhood. if you allocate 25% of this deal to retail i

let's bring in leslie with the latest as we wait for the first trade.of activity where u

we have leslie picker with more. didi was that mean?t a boom that people thought. >> right it did well when it first came out. up 29% then over the course of the day, we tend to see this from time to time it wound up ticking down closing over 1%. didi is one of a bunch of ipos this week. 17 deals this is the busiest week since 2006 didi is the largest ipo amid the cohort the chinese ride sharing giant raised $4 billion in the deal after spiking 29% with shares closing over 1% of the ipo price. that gives them a market cap of $68 billion as of yesterday's trading. you talked about this, brian krispy kreme the doughnut maker raising $500 million. selling more shares, but priced below the market range ipo price of $17 per share the valuation is $2.7 billion. that is twice the price from the purchase five years ago. nonetheless, the top line growth of 15% and lack of profitability and combined with the broader trend to healthy eating made them balk at the price exchange. it will be listed as dntd. these come amid record-breaking second quar

so leslie, like leslie left behind from bath without a computer for free wanted and their vacation otherto having places every few days. he tested it at restaurants who don't have outdoor dining be tested to enter the premises of your hotel. there's a lot of testing there's a lot of mask wearing a beats a good thing they did not go to the bahamas but all the other people, well maybe they should pay for this people, not just their cocktails but their trips. this is nothing but a spoiled brat teenagers i'm ashamed there from my home city of boston. kennedy: so american airlines got new planes were the biggest airlines in the world, spike. they circulate and filter the air raid so why are still wearing masks on planes? >> on a modern airliner something once every three minutes all the air in the cabin is completely circulated input through the filters were it's cleanest area going to have. i think i've been on 200 flights in the last year, i have seen how this is being applied. people are not even wearing them properly half the time for you people are falling asleep and that half taking off

. >> leslie, real quick. >> i agree we need to make decisions based on science, the state legislature is not going

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>> harris: leslie, every time i talk with someone from the left they say well, you know, we're a big tent. she can say what she wants. clearly she can't because somebody is talking with her and she keeps walking stuff back like she is about to back off a pier. >> i think that she is looking at perhaps court of public

leslie, i want you to debunk or demystify or explain it, i don't know.ual language in the bill that joe biden now, the president is alluding to when he says they can spend this money, jen psaki at the white house press secretary said they are allowed to spend this money, states are, through the covid relief legislation, on now funding the police. allow and telling them to do it in written form in that bill is something completely different. why didn't democrats do that? if the president really felt this way before 15 minutes ago, why not put that in the writing? can is different than you will if you want this money. >> a few things here, first of all he put it in writing if you read his website through his campaigning. >> harris: no, i'm talking about the couple pull sorry language in a bill that becomes legislation, not what he said on the campaign trail. i'm saying not just an incentive. tell the people what to do in the bill that becomes law that you sign, mr. president. why not tell them exactly fund the police, don't defund the police. he didn't do

leslie picker has those details for us leslie >> jon, that's right bill ackman will still buy a stakece is something ackman laid at the feet of regulators >> to sign the deal, and then we push forward with the transaction and then actually in the last -- this week, last few days, the s.e.c. raised i would say a deal killer which is they said that in their view, transaction did not meet the new york stock exchange spac rules and what that meant -- i would call that a dagger in the heart of the transaction, put tauntine in an awkward spot. >> he clairerified a key sticki point is a minority stake in a company that is due to list later this year in amsterdam as for investors, shares are trading just about 2.5% above the spac's ipo price, but after a run-up earlier this year, due in part to retail interest, the stock declined 26% year to date. so now tontine has a year to find and consummate a new deal he said if he finds one, it will most likely be more of a straightforward merger rather than one with more of the creative and complex structuring as was the case with this most recent deal

leslie picker is joining us now with what we need to know.>> reporter: seema, robinhood disclosed the prospectus yesterday. nothing short of high popping growth the company has more than the entirety of the accounts added at the end of 2019, for the whole year the company quadrupled the top line generating more than $500 million. robinhood with $1.4 billion loss that was entirely to the discount over emergency fund raising over gamestop mania. robinhood agreed to pay a fine due to outages in march of 2020 and misleading communication with customers and investors in the prospectus, it is the rfk f risk factors that were top of mind robinhood may not grow at considerable rates, but many in the country are returning to offices. the bulk of the business is transaction base the payment for order flow that is money robinhood receives for routing transactions this is under scrutiny by regulators robinhood needs to maintain requirements and many are not hypothetical it came to light during the gamestop saga. shares will ultimately be listed in a mont

but then there is as leslie said, the citadel component.nk being a meme stock and i think people will say if you sell it the apis will come after you, and to the moon. they hate me right now because i said it's not going to be the greatest deal. they despise me anyway, and i welcome that. >> oh, boy, oh, boy. >> jim. >> polarize to use the right word. >> jim, leslie, mike, we appreciate it. of course we will keep our eyes on this transaction all day and see what happens next and of course it will be the topic dejour. >> at least you asked the question, is there something going on here if it's taken this long is there an issue. >> always a question. >> you got to ask the question. >> we'll know at some point today. >> we will, we will. >> that is it for us on si"squa box. thank you for hanging out. >> thank you for having me. j>>ust u.s. ts tomorrow >> "squawk on the street" is coming up after this short break. the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. safely. securely.

>> well, leslie, there's a few things going on. one, let's call it the macro the growth of gdp has been decelerating in china. that's a known, but it keeps happening. we don't see that turning around until later this year. call it the end of the fourth quarter, maybe beginning next year and the second one is the reopening momentum has really been threatened. it's, of course, fiscal support is lower than people expect. the cases of the covid and variants have gone up, which has been a negative, at least from a headline, as john is pointing out here but third, it's been china's economic slowdown. that has had a huge effect overall globally, but importantly on the chinese markets. then the last one really comes down to chinese credit impulse it keeps slowing we actually don't see the liquidity dynamics improving until late this year from a macro perspective, it's hard, as john said, in the near term to get excited about this and so it doesn't mean that there aren't great companies there. we have traded a little bit differently. we can

show me independent journalist brendan leslie to the new york times. leslie accuses the newspaper of defamation and of using his content without his approval is the video, the journey claims was hijacked. so much more than just routing for president trump . it's really rallying for our way of flight. the american dream against big news disclaim vela falsely depicted him as a protester in a selectively edited 40 minute documentary on the capitol hill. right. was morning says the new york times is intentionally providing fake reporting on what happened on january 6. mainstream media and led by the new york times is really trying to create this fake narrative. they rip the video from my news company that was on my social media, which was actually about 5 minute video of me reporting about why from supporters. we're going to hear his speech. never did anyone think right. it was ever going to happen that happened the day before, but new york times selectively edited that piece from my video, took a 9 2nd clip out of there to put into their documentary to ma

i got to run in a second, but leslie, that's nonsense. ten cities for spikes in crime are all run by democrats, stop the insanity. everybody look silly when we say things like, no, it's the republican cities. that's just, it's garbage. speak of what i'm saying is there's an increase in crime across the board and are country and the top criminologists have said that. the one that's not the argument. the biggest banks are in liberal places. i've got to run. this is a nonsense point. a more hannity coming up after the break. more coming up. ♪ ♪ h it works naturally with the water in your body to unblock your gut. free your gut, and your mood will follow. ♪ ♪ >> welcome back to "hannity." please check out my new show every saturday night at 10:00 p.m. eastern time. we've got a flaming height, caught monologue this week you won't want to miss. as always, thank you for joining me. the great, legendary broadbent arroyo, my good friend is in here tonight for laura. you have the confines, take it away. >> every monologue that comes out of your mou

following the money with leslie meerat oell you what to expect remb wchr listen live on the go on the cnbc app we're back in two. hey, dad! hey, son! no dad, it's a video call. you got to move the phone in front of you like..like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most and $0 commissions for online u.s. listed stocks. don't get mad. get e*trade and start trading today. show me the olympics. [ "bugler's dream" playing ] ♪ ♪ ♪ ♪ ♪ ♪ >>> good day, everyone i'm tyler mathen and here is our cnbc news update at this hour. the department of homeland security is requiring all workers to wear masks indoors, regardless of vaccination status the order goes into effect immediately and applies to more than 240,000 employees nationwide new york state government workers will have get vaccinated or face strict testing measures. governor andrew cuomo says he is working with union of

leslie, what happened?ures, it was a disappointing debut for robinhood. the stock spent nearly all of its first day of trading in the red. it closed down 8% after pricing at the low end of the market range to investors a quarter of ipos listed in the u.s. trade lower on day one. it is a rare for larger deals. this was the worst of any deal robinhood this size. the cyclical ty of the business and pricing at the low end was supposed to ocoax more investor to bid, but signalled investors were balking at the deal and the retail allocation on top of it of the highest ever ipo traded via robinhood's own platform it left less fire power and momentum for day one as usually bankers can count on retail to come in and help the stock pop after it begins trading. now, robinhood users who received allocation are sitting on 8% paper losses guys >> leslie, stay with us. i have a couple of questions do we know whether the banks bought more shares so prop up the stock or they wanted them? >> reporter: a good question we don'

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leslie and jason, great to see you today.l begin with you, jason and get your top line thoughts on this with omar. >> thanks for having us, harris. ilhan omar knows exactly what she is doing. there is a pattern here. she is emboldened by democratic party leadership and their inaction in reining in her. she should be expelled from congress. look at the pattern. she said it is all about the benjamin, baby, israel hypnotized. the world. saying her jewish colleagues are not partners in justice. she compared america and israel to hamas and the taliban. okay. the real question comes down to when is her party, the democratic party and her constituents, going to say enough is enough? >> harris: leslie, every time i talk with someone from the left they say well, you know, we're a big tent. she can say what she wants. clearly she can't because somebody is talking with her and she keeps walking stuff back like she is about to back off a pier. >> i think that she is looking at perhaps court of public opinion in addition to her constituen

i've been speaking to leslie, _ don't know. i've been speaking to leslie, who — don't know.nly been in post for two _ council, she has only been in post for two months. she says she has no idea how— for two months. she says she has no idea how this— for two months. she says she has no idea how this money will be saved. the former— idea how this money will be saved. the former actress may have to pull out the _ the former actress may have to pull out the performance of her life if she is _ out the performance of her life if she is to — out the performance of her life if she is to find this money from somewhere. what she does want to look toward is bringing more money in. look toward is bringing more money in they— look toward is bringing more money in they own— look toward is bringing more money in. they own a theatre, theatre severn — in. they own a theatre, theatre severn in — in. they own a theatre, theatre severn in shrewsbury, they have car parks, _ severn in shrewsbury, they have car parks. spent— severn in shrewsbury, they have car parks, spent over £50 million on free

leslie, that 47-53% people in favor of recall.close as a tie. is it time for gavin newsom to wake up to the fact he is potentially in trouble? >> i don't think one poll. that poll in my opinion, i love william, it is an outlier. he has strong support. a largely democratic state. we have pockets of red throughout california. even though it's the sixth attempt going forward to unseat gavin newsom. i will go to vegas and say it will be a costly reelection effort by my state and i and others here will have to pay for and he will win. >> i have to tell you when you look at newsom's record, it is pathetic. you are seeing more and more businesses leave the state. you are seeing greater homelessness, poverty rates skyrocket. obviously they have had such miscommunication and dysfunction when it came to the covid response and so look, it is going to be difficult. i agree with leslie, it will be difficult for a republican to win as governor in the state of california and beat newsom. however, as we're seeing several weeks before this electio

leslie picker.o you think this is any sort of ver on the future of this retail investor boom on robinhood. >> i think concentration of risen, but also crypto, we know that -- those are not things that i think you will want to bank on any time soon. the thing i struggle with on this company, what did they innovate on? when you looked at the s-1, i thought the average size of the accounts and the sort of trading they're doing, it's not likely to be the thing they're able to build on they're going to have to offered more services and grow with these clients if foss clients' balances do grow is it a referendum on what people think yeah, but it's just not for me >> they brought the other that was revolutionary. is there any else that is revolutionary? it's a complete 2021 thing -- but apparently you hold something, and you don't let go? it was literally trading 33 are they revolutionary in some aspects, yes danny moses called me before he said this was the worth-performing ipo of its size since mf global

we have leslie picker with more. >> reporter: for the last decade, the equity markets have been shrinks ipo market now for spac and traditional companies has been robust as share repurchasing have have been halted the net supply on u.s. exchanges is positive and highest in 16 years according to jpmorgan chase. many in the private equity industry believe this is temporary. homan has the highest raking in $24 billion. patrick healy talked to us and said market conditions won't always be this ripe for ipos and spacs. >> more and more things get public and investors get choosey. it will orient to the higher quality with performance or valuation impact for accessing the public markets for less mature and developed companies >> reporter: of course, in addition to the cash to deploy, hellman penbenefits the company's snap one is going public this week you can subscribe to our news letter every other monday at cnbc.com frank. >> leslie, what is on deck this week >> reporter: this is a busy week for ipo. a huge rush before the august period where investors do away f for the month. we see 18 ipos

abc7 news reporter leslie brinkley was there. >> reporter: the birth of a wildfire with the lighting of one simple sparkler. within 10 seconds, a spark can take off on drought parched hillside like here at the concord pavilion. within a minute, flames are roaring out of control. another example, a so-called safe and sane fountain firework. sure, people hopefully won't set them off in dry brush like this, but sparks can fly. fast for 30 seconds. it is an out-of-control situation because even a 911 call means of fire crew is still three to five minutes away. >> we have seen in seconds fires that quickly were at a point where no homeowner with a garden hose could extinguish them. >> reporter: neighboring counties like alameda sell so- called safe and sane fireworks that are illegal to set off in contra costa county. this year, there are steep penalties and a new hotline to report neighbors who sell fireworks or set them off. >> earlier this year in antioch, we had a resident light one firework off his back patio and throw burned to the entire building down and displace 40 residents. in

this is leslie. we are going to put leslie's question to you. let's is interested in how the government is helping the very poor. so many things are closed, that financially well off a fine. but what about the poor tiara? that's a very good question. and that's, i think, relevant, not just nisha, but a lot of low middle income countries facing this pandemic. the government has set up some social assistance programs, but the number of coverage and also the amount of money being given out, or direct. for example, for food supplies and stuff. is there a minimum, for example, one of the the largest programs has been subsidizing one family for a route $30.00 to $45.00 per month. it will not be enough to subsidize for the loss of income faced by a lot of people working in the formal factor which is around 30 percent in indonesia. and we have also seen the rice in unemployment by 1800000 people during the quarter. that make yes and that's, that's a lot to do with also in the centralized system in the no need where we have the central government, the pr

for leslie again says, the major outlet deliberately attacks, conservative voices. at the end of the day, the truth will prevail, and the truth is your time lied and depicted me as something as i'm not. i'm a journalist. i was there in a professional capacity in the f. b, i has agreed with that and has not charged me with anything. but the fake news media doesn't care about that. i'm a conservative journalist, so they want to attack me and bring me down and discredit me. through lies and deception, there's always a chance that it was just some idiot who put that in there and didn't do their job . and there's a lot of lazy people in journalism nowadays. there's always that chance, but i highly doubt that this was lazy journalism. i think this was a direct attack and this is why i'm going to fight back. if this was a simple mistake, we'll see if they come and respond quickly to it and make the retraction. if they don't make the retraction after we demand it, then you know what that tells me that this was a deliberate attack against me. devastating floods have struck,

i'm david faber along with leslie picker and mike santoli we are live from the new york stock exchangeim and carl both have the morning off. let's give you a look at futures as we get ready to wrap up the trading week you can see we are set up for a higher open. and our road map this morning, well, it starts with a word of caution from the treasury secretary. why janet yellen said we'll see several more months of rapid inflation. >>> intel is in talks to buy chip maker global foundries for $30 million in what would be the company's largest acquisition. >>> plus, mask mandate, l.a. county requiring all individuals vaccinated or not to put their masks back on inside >>> we'll start off with the market markets themselves i'm glad to have both of you along for the ride this morning. mike, i'd love to start with you. i had a couple of conversations this morning with people who at least are still around to actually have conversations with perhaps a bit more pain in the underlying market than seemed to be the case sort of at some of the big names that we look at, or even the broader indexes.

leslie, back to you. >> yeah, certainly well timed earnings reports this quarter. than 7% this meme stock down more than 40% since the start of the month but still well off its lows from a little over a year ago now we are back in two minutes >>> welcome back i'm rahel solomon. here is your cnbc news update. a group representing pediatricians in the u.s. is recommending that everyone in the nation's schools wear a mask even if they are vaccinated. that advice from the american academy of pediatrics is stricter than the cdc's guidance that only unvaccinated students and teachers wear face coverings. >>> just three days after leaving san francisco for the olympics, an alternate member of the u.s. women's gymnastics team has tested positive for covid in tokyo. the rest of the team moved to a different location as they continue preparations for the games. >>> the biden administration says that china was behind this year's hack of microsoft's email exchange server software officials say that hackers affiliated with the government are behind some ransomware attacks. >>>

picker joins us with the latest hi, leslie. >> hi, joe robinhood with certain shareholders club theiling from this morning. these terms imply an offer sight of $2.3 billion at the high end. it also revealed updated financials robinhood said it generate estimated revenue as high as $574 million during the second quarter. that would be a nearly 2.5 times the level they saw during the same time last year, but it estimates it lost about half a billion during q2. the double more to 22.5 million. it plans to list under the symbol h.o.o.d >> keep us updated thank you, leslie picker >>> meantime all morning we've been watching ties talked -- as it promptses investor concerns >> this is did i i think stocks have been going down forever these roll over maybe two, three weeks ago. they're somewhat related to reddit from bottom to top, and the airlines, you know, they're more than just ge and amc, so we have to let the reddit people get their clocks cleaned -- i only say that it back i like to be heckled on twitter when you have this kind of yield, andrew, 1.22, give me 3%. do you look through

abc 7 news reporter leslie brinkley has that story as part of our effort to build a better bay area. >> reporter: east oakland, south of lake merritt at 2:00 a.m. on july 5th. >> we saw the smoke and flames, and it was like, the house is on fire. so we instantly just went down the street. >> reporter: this 25-year-old oakland man was with two other men and three women, the six of them are being heralded as heroes by neighbors. >> nowadays especially, you tend to see people just recording events on their phone. not taking action. >> as soon as i got over the fence i started kicking the door. >> reporter: david said he called 911, his girlfriend started throwing pebbles that windows to wake up the residence. >> while i was getting the water hose, i started an initial attack on the fire where the visible flames were located. >> reporter: the residence got out just in time, although one suffered smoke inhalation. the oakland fire department sent 26 firefighters and five engines. they are still investigating whether or not fireworks could have triggered the blaze. >> the feeling, in my bo

. >> leslie, as i come to you i want to look at this and kind o a different way.entative watts in florida and saying this isn't right, bu you've also got parents complaining about crt in school and it's not just critical race theory that is concerning those parents, particularly in california according to the jerusalem post, that state is trying to make ethnic studies that teach anti-semitic curriculum, a high school graduation requirement, they write this, the curriculum was written by and liberated ethnic studies model curriculum institute, which is a for-profi organization, it referred to israel as an apartheid state an claimed it violates international law, they also note the words anti-semitism is not mentioned once in that 19 page curriculum glossary, however it different terms as homophobia, zeno foamy, and sav blackness, and trans phobia, bu not anti-semitism. leslie, your. >> i live in california and my children are in the school district here, and we don't hav that curriculum in our high school, i'm not familiar with which district that would be i've hea

leslie, to that point that the president was speaking about, facebook being to blame.y didn't really like that and they had a serious pushback as well. >> and the president went back on that and was talking about 12 specific individuals who on facebook are saying things such as democrats are trying to put microchips in your arm when vaccinating you which i think most of us know is completely ridiculous. i like andy a lot but i don't agree with him on this. the reason i don't agree is in the numbers, we are seeing a lot of people in rural communities, these areas that voted for the former president even though the former president has talked about getting vaccinated in god vaccinated himself. there's pushback in minority communities but not because of what the vice president said at the time if trump came out with a vaccine, she wouldn't get it. african-americans are largely distrusting of the government no matter who is in charge because of the history with the government and medical experiments. and vaccines and a lack of trust with things like that. the bottom line h

leslie picker joins us with this and more on that. >> reporter: good morning, frank.th ipos, this year bigger isn't always better, at least when it comes to this year's crop of ipos tomorrow we'll find out if robinhood, which is expected to raise $2.2 billion at the midpoint of the market range faces a similar fate here's the performance since the debut of six ipos this year that raised more than $2 billion in the u.s. didi has performed the worst but you look at coupang, bumble, sholes, all down the renaissance ipo down more than 5% and lower by 19% from the february highs to investors in these deals and potentially others, it may signal that the market is having a hard time digesting the deals and it may deter the investors from buying more ipos if they're underwater from other ones there's an enormous glut and it's the biggest in 16 years many of which show the market shrinking. now they're reversed robinhood, a trading app, has a different business model to the bigger ipos which were in ecommerce, ride hailing. robinhood is selling up to 35% offering to retail inv