underperforming the market so my take is buy visa and sell mastercard >> buy visa, sell mastercard ando 74 by september? >> i think it does it is toying with the prospect of a breakout. we know it is a very defensive sector top three stocks are 35% i think you want to be long. >> want to be long xlp. fantastic show carter and mike and tony, thank you very much. appreciate it. thank you all for tuning in. and by the way, sending in your questions. reminder, cnbc's coverage of this crazy week is not over. "mad money" with jim starts right now. - [announcer] the following is a paid presentation for the premium mattress topper by dormeo one of the fastest growing sleep companies in the world. what's captured these people's attention. - wow. - oh my god. it's a topper. - wow. - that's it. - wow. i'm impressed. - i never expected that. - it feels like it's a brand new mattress. - yeah. - [announcer] it's not a new mattress that's creating this reaction, they're lying on the same old mattress they've had for years. it's time for you to discover the premium mattress topper by dormeo. we believ

underperforming the market so my take is buy visa and sell mastercard >> buy visa, sell mastercard andts to 74 by september? >> i think it does it is toying with the prospect of a breakout. we know it is a very defensive sector top three stocks are 35% i think you want to be long. >> want to be long xlp. fantastic show carter and mike and tony, thank you very much. appreciate it. thank you all for tuning in. and by the way, sending in your questions and a reminder, cnbc coverage of the crazy week is not over "mad money" with jim starts right now. >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica call me at 1-800-743-cnbc or tweet me @jimcramer. i want you to be prepared to be overwhelmed! ♪

credit or prepaid cards beginning next week. citing concerns of data storage regulators rules. mastercard was non compliant with 2018 rules, requiring payment status to be kept on local service, which provide india storage has full access. american express and dinos club were hit with similar restrictions in april. food delivery has become an alternative source of income in many places, as the pandemic eliminates jobs in rio de janeiro that's caused serious problems for the usual writers who would never well off to begin with. now they're pushing back against low pe and poor working conditions using rio de janeiro renown city theater is a backdrop, so delivery writers stage of protest strike. during the pandemic, they're working conditions have become dire. i'm in the mood. you told me the virus crisis caused unemployment to rise. so more people turn to delivering food, follow their star. that means that everyone's earnings took a hit on all of us now have to work longer and the increased competition causes arguments are managing nobody myself braving the roads of rio is also a dangerous

i think mastercard will tell us a good story, too.hursday evening, amazon will the stock go into space some would argue it's already there. i think the advertising business will be the star of the show and of all the conference calls i have to read, it is the quickest one which i'm so grateful for. another company, twillio, they're the best in the house when it comes to making it easier for companies to send messages to their customers. friday, we'll hear from ex exxon-mobil and chevron. they're oil companies, but they're making an effort to offset the damage. they spent a great deal of time and money trying to shrink their carbon footprints. this will be the first since they lost a proxy contest with a bunch of environmentalists the earth is a happier place just when you think you finally made your way out, caterpillar reports. the stock has been down, but it makes me comfortable buying a little, right here, right now. one way or another, i think we'll reach herd immunity, and the economy will roar. this is the toughest week of the q

. >> so is mastercard, that was a great quarter. >> visa. american express is not one of the largest companies. >> he did a great job. >> uncyou think so >> mastercard is about open borders. we hope that delta doesn't ruin that as the borders open, the numbers get better and better and better as we return to normalcy when i listen to the cdc, i question, well, i mean, i'm sitting here with a mask, i'm back to the mask days. everywhere that's a layer of protection, jim. don't seem to have a problem with it in some parts of the country. it is a layer of protection. >> we talk a lot about ipos. it's been a record year for straight ipos, which leslie is reporting on a lot i did want to get quickly to some spacs we haven't hit it in a while and there's been a lot of news >> the broken deal well, yes, the broken deal was interesting. it was sold by advent to fortress that was last week that certainly has roiled the spac market. in particular the pipe market. i am talking about atip, physical therapy centers they have labor shortages conce conceiva

no party one enough support on government was marking the anniversary of the 3 the need some mastercard, which killed more than 8000 muslims. collaborations include barry and 19 newly identified victims. yeah, trust a t 2060 s ago was yours, west since the 2nd world war now government across europe stepping out to fight against the delta variance of the current a virus health authorities hope to see one step ahead or the west. if i had of rise and infections by increasing vaccinated rates, france is focusing in particular on health workers. and we make immune nice ation compulsory. but not everyone agrees. this is the way to go. just celine has had her hands full during the pandemic, hoping some of the most vulnerable at this retirement home southeast of paris to protect them. the assisted nurse has been wearing masks and gloves, but there is one precaution. she'd rather not take, at least not for now. i don't care, but today we want to wait a bit longer before i guess. i mean, i do know we need to know more about these new vaccine 1st roll. the government got lots of things wrong at th

. >> okay, it's interesting that you like american express, mastercard and visa and chub which one does not belong? and whether you would like the fintech companies or if they're overvalued >> i think the finteches are priced for perfection and those are still not profitable and the penetration rates of american express are enormous and the ability for my babysitter definitely uses venmo. they also have an american express card to go to the mall i think the fintech space has a chance visa and mastercard are entrenched models to safely process many thousands of transactions that's why bitcoin won't be a currency you use to buy pizza. we think that the payment space is going to do well as we transition people across the world don't always use cash. >> we won't get into the whole thing about the lightning network. another time why does chub jump out to you so much right now >> i think chub is heading into sort of a secular environment change, industry pricing tends to go in huge, long waves. we've seen uptick and strengthening in pricing largely because of catastrophic events, hurricanes b

it will make visa and mastercard possible at the stores. it will give more armor for our pickups. less cash, higher transactions, and more state banks. cbd is legal. we were talking off-camera about how it maybe helps you sleep. bank of america, wells fargo, will not lend to cbd companies. ed: how important is it to move the industry into greenfield stuff, versus taking a significant partner in equity, illegal or black-market cannabis? len: a couple weeks ago, i was surprised to see an article where they confiscated $1.2 billion of illegal weed grown by the cartels in california. that is the first real shutdown of the black-market i have seen. that is $5 billion over the course of a year. if the black-market starts shutting down, who gets the benefit of that $5 billion? legal licensed operators. who gets the benefits of that? the states that regulate them. there is a nice trip without affecting shutting down the black-market. if the market is 25 billion dollars, maybe the total market is six to billion dollars when you think about the gray and black market. amber: you mentioned th

mastercard, 4,900 of the 400 strike calls of the buying those.. it's interesting, a bit of premium, $2.50 up to $4. i'm in both namgs. i think they are definitely targeting the catalyst of earnings next we can and both going higher >> all right good stuff pete thank you very much ask halftime is next send your questions by video we'll play them on the air email us at askhalftime@cnbc.com we have a special edition coming up next. mand is growing, and the world needs lower carbon solutions to keep up. at chevron, we're working to find new ways forward, like through our venture capital group. backing technologies like electric vehicle charging, carbon capture and even nuclear fusion. we may not know just what lies ahead, but it's only human... to search for it. t-mobile is the leader in 5g. we also believe in putting people first by treating them right. so we're upping the benefits without upping the price. introducing magenta max. now with unlimited premium data that can't slow down based on how much smartphone data you use. plus get netflix on us,

concern over inflation the s&p 500 declined around 8% and financials were the best performer in mastercardisa were strong, that's a good sign for confidence in consumer spending, energy was weak that could be more supply coming online. you look at where that leaves us, third quarter earnings season is starting and there's no reason not to expect a continuation of very strong earnings growth in ubs has dividend payments could rise 30% over the next couple of years because earnings have been so strong and company balance sheets are so strong, that is good news in a yield of world and if you looking for the bad news u.s. stock market 23 times earnings shall we say ambitiously priced and you mentioned bond yields they should be rising with inflation where it is right now if there was any concern that it was going to stay this high we sell the tenure yield backup below 1.3% this year, low yields are good for stocks and all that good news, the problem it's almost religious conviction that inflation is awkward to be a problem and if you are that confident about inflation is suggest to me that you

mastercard -- >> mastercard that improvements when it comes to mastercard spending, retail restauranthe reopening scene. stuart: why am i not surprised? >> google said a lot of contributions from traveling retail divisions. stuart: travel and retail in bars and restaurants are doing well. >> i would say probably not. stuart: merck is a drug company. >> they met wall street forecasts, jumped by a quarter. they met expectations. a high bar. stuart: show me yum brands, up 3%. they saw a boost from restaurant reopenings. i robot, the maker of rumba down 8%, don't do that, they say the chip shortages hurting their ability to fulfill orders, down $81 a share. reports after the bell? >> it is amazon. we are looking at a $100 billion sales quarter. they ship more of their packages. >> amazon brings in half $1 trillion a year, $100 billion order multiplied by four, you might be $500 billion revenue. we are working on that level. >> apple had a sales quarter, walmart joined other companies that are high sales. it is a different scale. stuart: uber is down 4 and a half% and i think i know why. a

protests. days after people demonstrated against the worst economic crisis in decades. memories of a mastercard were in northern ethiopia, where one of the 1st mass killings happened to the started the conflict into guys with this is tell us through a hacked with my check. he's beaten short as a hostile band to the ground. i'm devin asked with for him pick start and under a week, but the problem facing organizes not going away as the 1st positive curve is 19 cases reported inside the athlete village and ah, delegations and the afghan government and the taliban say they're focused on pieces . the hold talks in kata, the talks have concluded for the day that taking place against a background of violence in afghanistan. the televisions taken advantage of the u. s. troop withdrawal. launching several offensives and capturing large parts of the country. the government's peace minister has called on the telephone to be flexible and it's negotiation and warrant. no group can take the country by force or some of the binge of it has more from the talks in doha. as they were concluded of the talks betwee

you'll see a little $47.00 per 2nd promotion where curriculum sells the course he is getting in that mastercard series. and as part of it, he says, you know, watch it all about. you said it's about people, it's not about money, right? that's their analysis of capitalism without money. and that's, you know, that's like bodies without blood cap them and it's crazy. but that's what they've done by capitalism without capital. but yeah, so let's look at something here. i'll give it an analogy. it's a see saw. and on one end of the see saw is a $500.00 pound man. and at the other end of the see saw is a $100.00 pound man. and the $500.00 pound man is sitting on 99 percent of all the wealth. the $100.00 pound man as one percent of the wealth is obviously not an equal system. however, the neo classical economists will find that point on the see saw that achieves equilibrium. and now therefore they'll say the system is sound. so it's, it's almost like a post hoc rationalization of the system. they'll say, in other words, the system is broken, but the neo liberal economists, neo classical economists come

e-wise to discuss the impact of india's ban on mastercard.nment saying that those services that have customer data must remain in india. amex very much in the -- leaving visa the company that has the most sway in the country itself. let's check at credit suisse's efforts to -- grab a share of china's ipo market. a company that had a lot of trials and tribulations especially on the risk side of things. hitting the bottom line there. a new risk officer,too. yvonne: quite a shakeup in the senior management. let's do a quick check of headlines. credit suisse has tapped david -- to become its wrist chief. the shakeup comes as the lender tries to move past a multimillion dollar scandal. we're told the goldman partner will secede lara warner. she stepped down as the firm lost $5.5 billion on a collapse. -- sec second-quarte earnin gs after a surge in server demand. chip been rising as manufacturers stockpile in anticipation of the supply scarcities. worry that chip makers may overshoot their expansion. tesla looked at this delivery outlook after rep

>> new partnership announced by mastercard and ver identitien, focusing on using 5g to digitize the globalation, tap and touch technology for smart phones that allows these smart phones to be turned into tap and touch. this partnership will focus in part on enabling small and medium medium-sized businesses to take payments with smart phones with wearables and also use touchless shopping technology. >> a large retailer can easily do this. a small business, how are they going to do it that's exactly what this will bring. 5g allows us to deliver the full experience i'm going to go, choose an item in the shop. but tilely you don't have the color i like i'm going to have it sent home it's going to be paid once it arrives. all of that is coming together. >> and i spoke to the ceos from both companies they say they expect new innovations from this partnership by 2023. back over to you. >> frank, really quick, just to put a fine point on it, is this to go after the paypals and squares of the world what are they trying to do >> well, i mean, according to them, the real focus here is just using 5g t

everything from front tier airlines, like in the event of a change in cabin pressure police wiper mastercard people do not respect it anymore. there is no more decorum. when you fly now you get on the plane the guy next to set a pair of flip-flops he's tripping his toenails will has his emotional support fair but no one has any class but there still classes the respect that's what everyone's behaving like animals. dagen: just got told of the story before. i sat next to a man who had a raging staph infection all over his body. i do that because he is on a phone call describing how he got the raging staph infection from his friend who had a motorcycle accident, saying with this friend living in squalor but the dog was licking his open sores but he was allowed to board the plane with a trash bag as his carry-on. that happened, that was years ago. and now it is much worse. [laughter] >> is definitely terabyte hard you talk about before. i have just managed to forget it but now we are right back to that moment when i heard that story. flying is a terrible now. this has been decades in the making.

as we were talking mastercard released earnings and this is interesting. card use in the u.s. -- card use in the u.s. soared 36% and purchase volume climbed to $1.47 trillion. the idea of the consumer is strong. with more supplies chain constraints and getting inventory holding up some of the growth, but to me as far as the consumer goes they have a lot of money and they are spending it. tom: there will be a second look. i agree with a lot of the people , jon ferro mentioning neil dutta earlier. let's focus on where we are right now. dare i say there is a huge mystery to q4. nobody has a clue. jonathan: a lot of this has to do with how quickly some of the frictions get evened out. corporation saying it could be a long runway. these are the push and pull effects. tom: the news through the day on the pandemic and on masks. part of the conversation, "balance of power" at 12:00 noon with the senator from florida, rick scott. stay with us. this is bloomberg. good morning. ♪ (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and ma

verizon and mastercard announcing a new partnership to further digitize the $50 trillion consumer spendingket with touchless options. the two ceos speaking with cnbc about the increased security of 5g payments and how it could be touchless retail as merchants face a labor shortage. >> you can use this system to make much more simple ways of transacting with your customers and that's of course what we see with touchless, coming from the covid i think we see much more touchless. >> both ceos hope to have new 5g products for consumers and retailers by 2023. kelly. >>> over to seema mody now for trading nation. >> kelly, air bbnb getting a rae double upgrade to buy. the firm seeing improving trends particularly in europe analysts citing slow return to the office with companies ad adopting a hybrid model and that could incentivize folks to travel this fall in comparison to its fast-growing challenger expedia, todd gordon is here and gina sanchez. the data, gina, those vacation rental demand very strong this summer why do you think airbnb has underperformed in 2021 >> well, that's because it jus

of the legacy payment companies they have their own crypto link cars visa lets you spend crypto mastercard has one where you have crypto rewards. how will it change the future of payments when it comes to these young people >> this is an unfair question with a two and a half or three minute segment >> true. >> so happy to come back with more on that on the one part, to your point, you were surprised only two-thirds i would say we were surprised on a more positive side on that why? because when we speak with institutional investors, not just me but my colleague and working on the crypto work we've been doing for the past several years, institutional investors maybe half or 40%. so it seems like this age bracket, this intern group is even more interested in crypto than our institutional investors and interestingly enough bitcoin, 70% of them hold -- of the ones that hold it. and ethereum 60%. interns in the office at meetups, coffee breaks, what i was interested in hearing from them, look, you want to have a diversified portfolio. let's have some diversification here is this going to be the

you were a gold card with american express or mastercard or whatever. they even say thanks but no thanks and we don't really want, so they're trying to actually conquer mario and arnold comes close but fails. so religious diversey is one of the things that's going to make it hard for americans to join or die. 13 different colonies now at different times, for different reasons. virginia is making money and massachusetts is the religious freedom. so when my story begins in 1760, they are not americans. they are virginians south carolinians and massachusetts man but because of new statements, they are pretty bad. with the sand corset. they thought themselves as being american basically say okay, there's a lot of related action the strength rather than weakness utwarehouse and comes in with a desire the time he attention. he was yesterday what is in enjoying and there and i was the. your thing, and i don't know you but that you places in the world that are pretty self-governing and free on the ritz aftermath union and the swiss. the swiss don't have a singl

another, a large sum of cash, typically that has required a middleman, a credit card company, visa or mastercardbank like jp morgan or b of a. with blockchain, and with the speed of the internet, what we are seeing is that these transactions can be done without the middleman. they can be done faster, far less expensively. the cost is going down. but with blockchain, it also gives us the opportunity to have real security in terms of ownership and all of the other things that go along with it. i think the good news is the advantages we are seeing with circle, stable coin, and treasury and transaction services means that the transactions are becoming less expensive. they are happening much more quickly, and they are very secure, and it is kind of a 24/7 instantaneous, so i do think there is continued pressure in this space. to the second part of your question, i don't see anything in regulation right now that is going to allow the large systemic banks to separate those businesses. it is an interesting thought, but i don't see any evidence of that so far. alix: our big banks going to be good at this

and then mastercard came on board as well. so there's no catch.pense for americans for so long and neglected because everybody has been so focused on airlines and hotels. the first time renting actually can earn you points and get you that free trip for a path to homeownership. it's really exciting especially coming from covid. i know everyone wants to get back on the road and build their credit. knowing your single largest expense can do that for you for free will be an exciting moment as you head into the summer. >> charles: it's a brilliant idea. no doubt ant it. glad you mentioned the wall street firms. there's been some anxiety about all of the apartments that they've been buying, this is a way of maybe giving back. i want to real quick -- you're like a silicon valley wonder con. you've done well. you've been on the 30 for 30 list. you're taking on rent, taking on healthcare, housing, transportation, child care and seniors. you know, with all of these sort of innovative ideas, that is a big tall order. so i guess you apply this same imaginati

we membership in like a credit card you been preapproved for card with american express or mastercardthey say, thank you but no thanks. we really don't want that it so americans actually try to conquer to back and then they come close but they fail read some religious diversity is one of the things it's going to make it hard for americans to join. thirteenem different colonies fr different times different races and virginia is basically about making money and restitution six basically about religious freedoms. so my story begins in 1760, they are not americans. their virginians, and south carolinians and massachusetts men. but because of the newspapers because of british to treat them all caught up pretty badly, and later the course of action. they talk themselves to be in americans and basically saying to themselves, there's a lot of religious diversity but you know what, that can be a strength for us rather than a weakness that's were madison comes and the religious diversity can be a strength. the fact that the time of our many people paid attention predict the main argument was a

but in the meantime you do have these companies like visa, also mastercard, that have been making moree crypto space as well. and you've got to think when you see numbers like this that that's potentially a good bet. >> well, first we've got to put this in context. this 1 billion is just a fraction of the daily payment activity on a network like mast card or visa when i spoke to visa's ceo about this, he said they have a lot of volatility but it's up to the consumer to manage that. if you want to spend your cryptocurrency on speakers or at the grocery store, they're just trying to make it happen this would be a really encouraging sign, the $1 billion in the first half of 2021, multiple times higher than 2019 and 2018 so the trend is variable >> we're going to move on to topic three. the bank is upgrading shares of boston beer saying it's seltzer brand can drive a 60% rally from here it's best equipped to take on the, quote, new rules emerging in the hard seltzer segment. frank, what are these new rules? >> well, the new rules according to credit suisse is that drinking is not just for

enterprises are adopting mastercard is doing a partnership to attract stable bitcoin payments there'sot happening. the long-term prospects are still very strong. >> i ask the follow-on question about stable coins you just mentioned usdc so how do you think this all plays out? there's obviously, you could call it a systemic risk that stable coins present to the bitcoin market until people have greater clarity on how they're backed, what the fed is going to or not do about it, et cetera. so from where you sit, spin this forward, three, six months, whatever it is, how does the stable coin issue get resolved or does it >> so at current the good and the bad of it is no one regulatory authority, particularly in the u.s. wants to take ownership of the cryptocurrency space a lot of discussions china has been out with theirs within the u.s. no one authority wants to take ownership of the cryptocurrency space now that provides opportunity for those willing to interact with the space but delays the time line of corporations getting deeper into the space and staying inside the sandbox tether has

the "street signs" i was assuaged but the stock fell totally out of sync with the mask mandate, mastercardiant or google who talked about strong travel right when doors are closing some companies haven't seen any glitch at all, amd with broken field running because their chief competitor intel is trying to fix something that will take too long i marvel at how difficult it is. the future is tough to predict even amd has to worry about the approval of its xilinx acquisition. like i told you earlier still got plenty of room to run. the real shame the companies that are the most honest and most earnest that give no real outlook end up being treated the worst because that's just how analysts think and then you go back to u.p.s., i mean they gave a logical -- on the show last night, they know better than to predict the unpredictable. between the resurgence of covid-19 the future is looking questionable i think it's ridiculous they have to make such a forecast yet the only thing that satisfies the jackals on wall street and wreaking havoc on the stocks of our finest companies is got to give them

some of the names would not even know that mastercard and visa are in the s&p technology sector.er of this year. 11 april pes in the space. 27 billion raced by vc. 57 megarounds of a 100 million or more. it is obviously still growing but may not derail the big banks per se, from an investment point of view what are the individual options individual investors can look for to zero in and take advantage of fintech's growth in the future? >> the cv stuff even accelerated. there was another 10 billion got allocated over your number in the last quarter. i think a dollar out of every $5 last quarter went into fintech. the stay at home investor don't participate in the vc funds. they can't get access into the deals. charles: right. >> those are the softbanks of the world. if you want to participate you do it with direct investments which can be tricky because they are volatile or you can go through a fund like cathie wood's arc fintech financial fund where there are $4 billion of external capital. many names you might not have heard of in the fintech space and some others, paypals, sill

our forecasts in bosnia is marking the anniversary of this reverend, it's a mastercard, which killed more than $8000.00 muslims. commemorations include burying and 19 and newly identified victim the atrocity 26 years ago was europe worse in the 2nd world war when no clear winner has emerged from bulgaria is 2nd election in 3 months. is that vote was called after the center right party, a former prime minister boy co borrower fails to form a coalition last time around. his government has been dog by corruption scandal. the issue dominated the campaign and has fueled the rise of a new populace party. it could be several more days before the final official results. let's cross over to it. d. w, corresponded to barbara basal who is covering the election of for as a, from a sophia barbara. what do the exit polls tell us so far? they tell us that boys who are a sofa the long time prime minister also country has again just a few seats. these again last around 2 percent. but it is not the devastating 90 lading last that many feet, some feared and many hope for. so he was 20 in the big percen

target and wal-mart but it's way beyond that i thinks in a reason to own visa right now as well as mastercarddon't own that one >> joe, joe t., the man with the etf, you own starbucks reporting today as well pl kevin johnson on squawk on the street" tomorrow morning what's the story do you think post-earnings >> i think the story for starbucks is the same story when you look at the composition of global equity indices, right you see the u.s. outperformance relative to the rest of the world. that's the story with starbucks. the u.s. because of better covid trends and reopening policies is going to outperform the rest of the world. digital ordering remains incredibly strong. we know that from chipotle and dom knees. here is the news from starbucks offsetting pressures margin pressure. they were one of the first to raise wages. but coffee prices which rallied 30% on brazilian drought and frost. brazil, 40% of the world's supply of coffee is there. that's the high-end beans that starbucks uses i want to hear what they're talking about, how they pass through that higher cost but overall, i've been

he didn't mention mastercard by name it's still down after hours, down about 1.1%. it is still up roughly 14% this year back to you. >> kate, is there a sense in terms of the transactions done by crypto, that those are transactions that visa otherwise would not process, or are these transactions that would have been cash in process, but are now crypto and process >> i'm getting the sense these are new transactions, it's a growth engine for visa and thes others wouldn't be happening if you're going to purchase on a cryptocurrency exchange, that's something you wouldn't likely be able to do with cash so it does seem to be a new growth area. it's been mentioned a couple of times. surprisingly on the call, i don't remember any other visa quarters where we heard as much about cryptocurrency spending and that being a driver of growth. >> kate, thanks. kate rooney. karen, you're commenting on the crypto line. >> i thought it was interesting, i think i read in their comments, they tie it to stimulus so i don't know if the end of stimulus will cool that engine a little bit i

before that, ups, microsoft, alphabet, google, starbucks tuesday, thursday you is comcast , merck, mastercard, t-mobile, exxon-mobile, chevron, along with caterpillar which obviously is always an infrastructure play , right? big tech consumer names oil majors all of them have the power to move the markets, and then there is this gentleman , fed chair jay powell set to speak wednesday post- fomc rate decision of course we're not going to see any moves on rates i can predict that much, but the fed begins tomorrow, two day meeting , right and when he does speak on wednesday, he will touch on topics ranging from inflation to yes, the deadly delta variant, and ahead of thursday's robinhood ipo, ceo along with other executives held a virtual road show this past saturday discuss everything from financials and growth prospects to robinhood's planned expansion into retirement accounts, as well as the creation of cryptocurrency wallets. so, which one of all of these, right? has got the most muscles to move the markets? to our floor show traders sarge and scott. what do you think the biggest market move

you see companies like visa and mastercard down notably, western union and global payments. they're on the weakside. the usual reopening names, the cruise lines, the airline companies, the hotel companies like marriott and the restaurants. they're all notably weaker as well then we have the energy companies. remember, we also have a deal with opec going on so oil was weaker and, regardless, would have been down but those high names like marathon down 5% or 6% global industrial names that have benefited from the reopening story are also weak. the general electrics, the boeings, and the honeywell, of course, a major dow component as well and at 1.1%, 1 is.2%, the earnings have been terrific. regional banks down 3% or 4% interestingly mega cap tech holding up comparatively well. we even had positive territory for nvidia and other names out there. the bottom line is i think that the big cap growth names, people believe those are going to do well regardless of how the strains of the covid variant works out. major indices, keep an eye on this the markets have been concerned about

stuart: any news on mastercard and cryptos?ompanies. think of wallets, exchanges like coinbase and the like this. is about converting cryptocurrency which i think could be lucrative if you're a mastercard plastic issuer. think of the transaction fees you could charge. stuart: certainly get into lot more wide scale usage of cryptos,. susan: growth in particular in a growth industry. the asset class is worth what, 2 1/2 trillion dollars in the last 18 months. stuart: les we forget. as the delta variant spreads can business owners survive another round of covid restrictions. lydia hu is talking to businesses in san francisco. we'll get her report on that in a moment. >>> one reporter admitting democrats are giving cuba's communist regime a pass. we'll show you what this person is saying. brian kilmeade will respond. ♪. 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-

as far as i'm concerned mastercard and visa can squash you at any given time. and i listened to what she had to say, josh i said well look if you execute you could pull it off. but they executed next q next kwu and that's what we have. judge i have to tell you do i think vlad can do that he has to surround himself with more people. but i liked what he said that they are more about safety i don't think that's the case eight, nine months ago if you listen to josh, i think that you're going to make a considered investment. but if you listen to that narrative that we saw at square and you think about sarah fryer. it's entirely possible they pull it off i'm a believer in vlad tenev, in the 22 million strong. but i think that they need to see this stock go up or they're -- there may be people saying you know, maybe some of this is little bit too much like 2000 i'm worried about florida >> vlad is talking a good game he has to do that this day he does it tonight when you press him on the day's events tonight on "mad money. but what about the idea of what jason calacan

no us it's mastercard. there's longer-term growth available there really pick your names. the former chief of staff to mike pence, llwi give us his take we're back in a couple minutes >>> let's send it back over to mike santoli for a closer look at the jobs number >> sara, you look below the surface to the employment-to-population ratio all adults, that's the bottom number, this is what's called prime age, 25 to 54 years. that's the core. the fed mike looking to see how much slack remains in the labor market, whether it's operating more tightly this has come back pretty quickly. we've had a lot of retirements, thick like that. you see improvement in employment in that age category. that tills you misthat's coming back fast. it really just took a long time to grind its way higher. so this is good news, but it shows you still plenty of room to go. this shows you week. the yield curve, treasury yield curve, is sensitive to this. if the labor market seems tight, if they look grudging, and they're underperforming, just when the ultimate job totals are going to be once we get ba

we've seen positive news, the credit card processers, mastercard and visa are both coming up with cryptorypto currency we have a lot more news coming in front of us i think more adoption, more retail consumers and more use in credit cards, etc. i believe that's why we've increased is all this new adoption >> you just touched on it, but given the fact we do have robin hood going public tomorrow and 20% of currency is crypto. how closely are it mean, not on for your company but for trading activity and interest in the industry overall >> yeah. we're excited to see robinhood go public. another company that has crypto that joins us. we were the first to actually be public with the cryptocurrency company up in the canadians markets of the trooronto advente exchange it will speed's adoption the adoption of cryptocurrency is actually accelerating, going faster than the adoption of the internet someone like robinhood becoming public will help all of us grow the business and the ecosystem. >> it's been an interesting week regarding bitcoin and amazon had that report amazon pushed back on later. i

i think it's become the discussion if you're mastercard or visa, what do we do i think there are a lot of people who wish it weren't here. jamie dimon. but it's here and people own it and particularly you know who owns it? the millennials, robinhood, and guess who's about to get a lot of money, the people who are going to take robinhood public >> yes >> and 20 to 35% is going to the robinhoodies do they have more capital. that's what vlad, i hope vlad doesn't become less of a spokesperson for it. >> you like his candor. >> i had marc benioff on this week from salesforce, and he's become a firm advisory to vlad, single source of truth marc says. >> interesting. >> yeah. very different. >> yes, very different. >> yes, very different very different no longer just an app but a source of safety that's marc benioff's message, and it seems to have gotten through to vlad. >> yeah. and some traders given the action over the weekend. we will get cramer's mad dash and countdown to the opening bell on this busy monday morning. takene m oore look at futures as we get the opening bell in about ten m

recovery >> i think a number of things, you know, we announced the credit card partnership with mastercard business we have a great network to the caribbean. you know, we have some new fare structures in place now, which, again, are creating lots of different options for people we have the northeast alliance the partnership with myles, wh -- american airlines. we've never been able to grow before it's a lot of great work we're coming together at the same time and remainstreamly -- extremely bullish. there it's phil here do you expect the mask mandate to continue past september 13th? >> well, you know, we certainly, i mean, i think we're digesting the news today i think what we have learned, phil, to take it a week at a time a month at a time. you know, my focus is in the safety of the crew members it can be extremely difficult but at the end of the day, it's a requirement. people that fly need to comply with the fedrequirements there are people fighting back from time to time and unruly passengers do you think if it's extended it doesn't change the equation in terms of people planning thei

. >> now we've got evercore adding visa mastercard on some proprietary data that shows that cross border spending is going to grow. >> is going to come back both companies are really well run. i think the one everyone is buzzing about saying that square could be the equivalent investment of jp morgan in 1871. >> they went back to 1871. >> literally the first line of the report. >> the first line. >> that was a big year >> that was right before the panic of 18 whatever they do say square users, it could go to 150 to $200. when you make that kind of call some clown on cnbc mentions it, i am the clown, i'm crusty, and i did it i just took that. >> we're monitoring that morgan stanley call as well certainly we'll bring you anything of interest if we hear it from mr. gorman. >> i'm waiting >> don't wait too much. >> when we come back, though, a fitness chain backed by mark wahlberg going public today. he's going to join us exclusively at the big board talk about f 45 training along with the founder adam gilgilcre. a lot more "squawk on the street" is straight ahead. ok, at at&t everyone gets

mastercard center for inclusive growth has done some data analytical work for us to identify that 95% of the housing in downtown erie is affordable housing. 95% of any one product group is not a diverse marketplace. and so what we are trying to do diversify the market by bringing on more market rate housing which is not supported by the tax credit programs. that's again why we've had to turn to opportunity zones. another area where tax credits -- where we've struggled with tax credits is trying to get an allocation from the federal government or from a community development entity. i mentioned we have hired a consultant who has been helping us to try and get an allocation. we've approached 35 different community development entities, and 35 have all said no. some have specific projects in mind that don't align with what we're trying to do. more often than not, we hear that it's because you are in erie. we don't have an office there so we can't keep eyes on the project or we don't have staff on the project. communities like erie that don't have big nonprofits that are getting these all

this could be a big deal, mastercard and verizon, on 5g contactless payments for consumers and businesses turns your wearable into a cash register. it really helps small businesses, small retailers compete with large players when it comes to doing everything fast and seamless. stuart: they are applying 5g to pay for things like washing my phone again. neither one of us where one. stuart: look at the dow winners, the dow is off 50. amgen is there. the s&p 500 with us. electronic arts, pepsi, one.2%. nasdaq winners, electronic arts, pepsi, activevision up again and amgen on that, disney raising the monthly price of its espn subscription. i will call that inflation. >> the final cost is $7 a month, 70 a year. the reason, espn just inked a slew of sports to bring in new content, archival content. espn live streaming activity on all the courts, full replays. stuart: i enjoy watching. >> disney plus will go up too. after 4 and a half minutes with the business down 36 points. the treasury is significant, one.34%. it went up when we got strong inflation numbers. now that yield has come back to on

tesla, facebook, alphabet, and also some company that's are a bellweather, visa and mastercard.thank you, frank. great to have you on "morning joe." and after a possible senate run in georgia, the ap is digging into the life of one of college football's greatest players. looking into hundreds of public documents and found the 58-year-old repeatedly threatened his ex-wife and exaggerated his financial and business success. when the book was released, his ex-wife details his alleged violent behavior toward her. it is reported that he filed a protective order in 2005 after threatening her life. police were concerned enough that they took a gun that he had. the ap also found issues with his chicken business. in interviews he said he employs hundreds and makes tens of millions of dollars. however, he has just eight employees and averages $1.5 million in profit a year. he was contacted multiple times for comment and he did not respond. we're going to follow that senate race and it is fascinating because normally you would think that this ap story, and if someone was calling the ap or