. >>> mastercard is forecasting an earlier shopping season and bigger price tags. but as nike shares get downgraded today on supply chain issues, we'll look at how much retailers could benefit from all this we'll speak to mastercard senior adviser next >>> shares are clear, up 40% since going public in june we'll speak with the ceo about how they're helping businesses handle digital vaccine verifications. we're back in a moment >> announcer: this is "the exchange" on cnbc. today, global markets are challenging traditional assumptions like never before. there is a new, accelerated sense of responsibility, sustainability, and social equity. at nasdaq, we call it the "era of impact." and we're at the forefront of it. innovating technology, data, and insights to help you deploy an esg strategy to be seen as the company you aspire to be. in 2016, i was working at the amazon warehouse when my brother passed away. and a couple of years later, my mother passed away. after taking care of them, i knew that i really wanted to become a nurse. amazon helped me with training and

funny because mastercard does kind of cross over a couple sectors. it's technically a technology stock but it hasn't acted like one more much lately it is coming off, as you mentioned, oversold levels on an intermediate term basis. it was down about 16% from its highs, corrected far before the market started correcting this month but maintained the long-term upward we've been negative on mastercard and visa for a long time but we've seen renewed short-term momentum in an apparent reaction to the oversold readings. yesterday of its 200 day reading average, briefly so the renewed strength suggests we'll see a good retracement, if not a full retracement of that corrective phase that might be one way to position here. >> back in april i was at a conference in colorado, i did a one on one fireside chat, it was lunch so there wasn't a fire with the ceo of dish we talked about the regulatory environment and all kinds of things. they're getting a push into mobile going to be one of the biggest cell phone operators in america following mergers they are doing

. >> thank you >>> coming up, a new policy at amazon is simpings shares of visa and mastercard.ower as well, in today's session. >>> and don't forget you can watch or listen to us live on the go on the cnbc app we will be right back with the market zone. aaaand welcome back to guess the price. sal. what do you do? oh, i'm a retired postal worker. host: ok sal, how much do eargo's cost? $5000? actually for you they don't cost anything holy heck that's because federal employees, retirees and their families get these life changing hearing aids at no cost. heck yeah this labor day save $300 on eargo 5. limited time offer. act now this offer ends september 7th. and if you're an active or retired federal employee you may qualify to get eargo at no cost to you. another day, another chance. make the most of it with the network that can deliver gig speeds to the most businesses. and get the advanced cybersecurity solutions you need with comcast business securityedge. ask how to get comcast business securityedge to help protect all your connected devices. and get started with a great offe

services primarily 140% of the sector is visa and mastercard a number of deals seen over the course ofhe last month with buy now, pay later, and, you know, square buying afterpay and other deals. even amazon with the firm are sort of getting investors to wonder if the, you know, very strong moat of these two stocks, visa and mastercard had will be weaker going forward. >> let me key off what you just said, in a way, and ask the flip side of that correction question which is, we're seeing a number of companies starting to make kind of aggressive moves to try to secure growth and pursue a strat ji post-pandemic today a partnership between google cloud and c3.ai, up almost 5% ahead of earnings on that news. is there a potential acceleration where these multiples in some cases become justified, because of the adoption of a.i. and partnerships between the companies with good technology and those companies with great distribution >> yeah. i mean, if a company is willing to pay, you know, these multiples are sales for some of these other companies, that's one thing. i see -- c3.ai, i don't kn

announcement because mastercard is truly what we've been waiting for, waiting for visa, mastercard,me things. they made this acquisition why? because they want intelligencend insight on 900 cryptocurrencies. so i think that you're going to need clearing houses like mastercard and visa. now, starbucks, by the way, we didn't talk about that, starbucks, they're ready in el salvador stocks up two bucks yesterday. adam shultz is adamant it should be throughout the organization. >> how, shultz is not in charge. >> well, buy a cup of coffee. >> doesn't matter. >> no, it's kevin johnson's company. i think that the notion that starbucks has endorsed this has moved the stock up rather dramatically now we may think that's fanciful, even alchemy, but crypto is here to stay. when you see companies like mastercard saying we have to accept it, start thinking -- not accept it in terms of like got to ethereum it i am a believer in ethereum. huge. >> you are. >> yes, i am. >> cooperman says still doesn't get it. >> well, you know, some people don't get the fact that the dollar is worth something. >>

. >> where does this all leave the current giants, the visas, the mastercards? >> so far so good. i mean, you know, they are like switzerland, right as long as ultimately on the back end everything is funded with a card, which by and large it is, and more cash keeps getting displaced, visa, mastercard, american express continue to be those back end rails, the back end plumbing that really win. but that said, with this amount of innovation and disruption, we are watching of course very closely just whether or not there will be some -- so far so good, but whether or not there will be some komdty zags issues or potentially some substitute ways of paying that could creep into the system. any period of disruption like this you're going to be watching very closely, but so far so good for visa and mastercard. and keep in mind they continue to be two of our top picks because they are huge recovery plays on the still pending recovery in travel across international travel >> i hear a creeping note of caution in your voice. i can't dismiss it it's great to have you here today. we do apprecia

think about that metric out of the $15 trillion of spend on visa or mastercard so we have a long runwayer and more themes b2b payments areas like softwar converging that's why investors are so excited to add capital in these areas. >> in the face of all of these new players, including strike, which of the incumbents do you think is best positioned >> first of aushlgs i think there's been a couple of probably the biggest stocks in the market trading sideways which is visa and mastercard it's important to keep in mind that even though these stocks have been underperforming for relatively a year, since the pandemic, more or less, their structure beneficiary is the pandemic and ongoing online. buy now, pay later is like an affirm or square now with after pay are going to keep money in their ecosystem and, therefore, take it away from the cards. the reality is you still use your cards to fund those after pay wallets or affirm wallets on the other side i'd say those names which are structurally stronger given how much more commerce is online now are probably about among the best bets. also b2

you know, i know that august was pretty strong by mastercard's num numbers.-school has been pretty g good as well is this something that is a new trend or is this just a natural replenishment for school supplies after a wacky 2019 and 2020, or is this real consumer strength >> well, good speaking with you. i think we are seeing some really, really good consumer strength out there if you look at the mastercard spending numbers for august, the ex-autumn was growing at 10% after continuing to see that similar kind of growth in the june/july period so back to school is very healthy. the consumer has money in their pocket and i don't think it's just a replenishment you have clearly had the recovery category, apparel, department stores, luxury, jewelry, or just performing really well. if you had told pethat department stores were going to be growing 19% versus two years ago, i would have said that's really out of -- not in the cards. and it's more than just a getting, you know, low base of a year ago the consumer really is looking to get back out and shop again >>

while they use kind of the visa mastercard rails, seems as if they're getting nudged aside from theirely immunable position as a duopoly. quasi-duopoly and also expensive stocks and needed premium come out of it. today, anyway, suggesting some of that's getting rebuilt. people noticing their trading a little choeaper than one decisio never buy stocks. >> buy now, pay later. spintech market. affirm news that stock shot up, what 50% last monday? to your point, did see those more traditional names like -- like visa and mastercard under pressure it did, talk about it a lot but the lines are blurring between the new tech companies and entrants upon the scene, and more, i guess, financial technology stalwarting like visa and mastercard got to wonder if there's were more m & a activity or dealmaking for those names no sbeez areas? >> a foray buy now pay later. >> not all worked out. >> exactly. >> so they're going to be active in that area, because spintech is consuming all the odds. >> down 180 on the dow didn't mention tesla 755 about a 4 1/2 month high despite the chip shortages we talked

but that doesn't bite into the cake of the visa and mastercard.or growth for both and those two names are one of the most attractive ones just because interests fear that's unfounded. so i think that's kind of the message today is thats in overblown. and i think you'll see more growth out of these names than people expect in the come years. >> certainly a lot of opportunity out there, dan but i think there are so many interesting messages from gensler in the interview this morning. he said the s.e.c. is short-staffed need to hire more people to do what they need to do he reiterated on a number of points the importance of transparency and disclosures and also compared robinhood to draft kings saying that day trade something effectively gambling looking at his approach broadly, how do you expect that to impact all the different fintech companies? >> i think that -- yeah, like the regulation and -- hi, julie, great to be on the show. but the regulation is something we expected to come. and you will probably get -- if any news or any regulatory news y

♪ mastercard is working alongside them, with ways to get more businesses online and hundreds of millionsp their businesses and start something priceless. it's my woke-up-like-this migraine medicine. it's ubrelvy. one dose can quickly stop my migraine in its tracks within 2 hours. don't take with strong cyp3a4 inhibitors. most common side effects were nausea and tiredness. ask about ubrelvy, the anytime, anywhere migraine medicine. >> announcer: the 73rd emmy awards will continue. this is cbs. my name is on the front. but... i am more proud of the back. siggis: 40% less sugar, and more protein than the leading greek yogurt. ♪ ♪ ♪ >> announcer: from “saturday night live,” please welcome emmy nominee aidy bryant. >> spooky. frightful. skeleton with a knife. these scare-tastic and spine- chilling words evoke what it feels like to put on a variety special that is live. i am shaking in my damn boots just speaking of it. here, now, brave nominees for variety special live. "celebrating america: an inauguration night special." "the 63rd annual grammy awards." "the oscars." "the pepsi super bowl l

when dozens of the billions were murdered or rather mastercard by security forces. canadian prime minister just intruder has been reelected following us not paul, on monday, production show, his willing liberals will remain the single largest party, but it's always short to those goals. when the majority gambled on an hourly election and hope of consolidating power. the european court of human rights has ruled that russia was responsible for the 2006 kelly of alexander lifting the income. the former russians by who defected to britain died after being poisoned with polonium 210. it's a rare radioactive substance. russia has always denied involvement. police in the u . k. say they're charging a 3rd russian suspecting connection with another region to tack. on another former russian agents in england, 2nd free palm and his daughter julia were targeted in the city of salzburg in 2018 tidings. been volatile and asian markets and had concerns about the possible collapse of a chinese property giant. ever grind is more than $300000000000.00 in debt. chinese regulators say it's put in the countrie

forecasts from bing, deloitte and mastercard expect holiday sales to grow at least 7% from last year fueled by a rebound in store shopping and high consumer demand. but a shortage of workers and covid outbreaks in other parts of the world such as southeast asia could make it harder to get items delivered to your doorstep. back to you. >> thank you. >>> coming up on "today in the bay," we could be in for cooler conditions this week which we always like to hear. we'll check in with meteorologist kari hall. >> and that's also going to help clear out the air a little bit. some of the smoke pushing to the east but we're waking up this morning in many spots to moderate air quality. we'll talk about what that means and what's ahead in the forecast coming up. >> and so far so good. it's early. the san mateo bridge look at that activity on the water and we'll check out how things are for your longer drive coming up. >> break out the bubbly, why giants fans are having a pretty good reason to celebrate. >>> good morning to you. look at this gorgeous picture of san francisco. the blinking light

we look at the nasdaq down again today, people are thinking about buying on the dips, microsoft, mastercardidia, you are not exactly talking about zoom here. why do you like these names? >> well, it is important to distinguish between the broad concept of tech and something that's like zoom compared to something like microsoft at 30 times earnings and mastercard at a much lower multiple as well. we don't need low interest rates to support the fast growth rates that these big companies have and will continue to have regardless of inflation. so there's a big group out there that i would agree with charlie that don't really have a lot of upside in a rising rate environment, but don't think for a second that microsoft's forward growth is going to be at all impacted for that reason, all it is going to do is grind away at its 15% to 20% growth and that's a good return you marry that with some of these interesting oil stocks that are, say, trading at four or five times cash flow, that's a nice combination >> and it is interesting because even though you both seem to agree on the near-term outlook,

every month, you'll collect more money than you could selling a longer dated january call >> the mastercardcan the traders recommend a trade to make a bearish bet, please maybe selling some premium if they agree with my technicals. of course, carter, why don't you field this one >> you're right. this is very weak and in fact the options, stock closed at 343 and the october puts, 340s are at. 7.50 i'll leave it to the team to pick the precise and best trade. >> all right mike, you get the honor. pick the best and precise trade. >> yeah. i mean, look, the idea is that you want to, if you're getting long premium, try to choose things at the money or close to it maybe even sometimes in the money a little bit and typically i try to go about one standard deviation out on the short side if i'm going to work into a spread or something like that for a short strike >> next on biogen. what is going on with it any plays would be appreciated mike, any suggestions here >> one of the things we've seen is that skew has steepened that means the out of the money puts have gotten more expensive and a lot of d

no, they tried it with samsung pay and mastercard, and in both - pay and mastercard, and in both casesday out there, south—westerly winds gusting at 30-40 south—westerly winds gusting at 30—40 miles an hour and highs of around 13 — 17 celsius. they will be clear spells and scotland and violent overnight, but showers around here. a wet night in wales with heavy rain pushing on the northern and western parts of england and by morning, spreading into the midlands as well. some heavy bursts of rain and squally winds, very mild for wales and england overnight, actually one for north—east scotland once again. when clearing in the midlands and east anglia in south—east england tomorrow morning, a sunny day tomorrow. some showers around, especially northern ireland, especially northern ireland, especially western scotland. some heavy with hail and thunder, feeling a little cooler in the showers. this is bbc news, i'm martine croxall. the headlines... the family of sarah everard welcome the whole life sentence handed down to her killer, saying "the world is a safer place with him imprisoned". q

layaway which 200 million people go to each week it's going be big for you, big for walmart and if mastercard comes in, that will not hold back your walmart relationship for the holiday season >> walmart is a fantastic partner. we have an extreme degree of respect for how they conduct themselves and what we have done together there's a lot of great things to build. >> i want to thank max i wanted max to come back because i wanted you in the story. i think you're the real deal it's great to have you back on that's when you make your money. mad money is back after this it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. we see increased efficiency co

on june 3rd in front of the army headquarters when dozens of civilians were murdered or rather mastercard by security forces. so the issue of accountability, something that keeps coming up over and over again. and that is one thing that people hear, especially those who are participating in government process, fearing of perform a president bush years, reggie rule say that is lacking and the government has not deliberate on. now when it comes to the economy, many people have also complained about the economic situation in the country. think that it has deteriorated with inflation rising since the government took over. up until the month of july in august, the government reported that there is a drop in inflation, but many people feel like it is not enough. so the games that prime minister of the dog is talking about for many people is simply not what they're thing. but they say that the fact that there are civilian members in the executive council and in the sovereignty councilman, there is, seems to be some kind of balance between the military and the civilians. they believe that that is

but that whole mastercard is spreading rain further into france to spain and across the period into france, which means bordeaux's $29.00 or 30 come down is thunderstorm turning to try the wet conditions. but the general picture of, through italy and eastward is still a fairly warm one to the north of that temperature still hanging on. but much of this part of europe now as low twenties wet should be more disappointed. possibly as the matter reign over england, london still it's 20 but as over lay the colors, the reds here very obviously, as i said, probably south of austria and still north of greece. czar grabs a case in point forecast and actually about 28 degrees with sunshine. the average is 22 for september and we do not change right up to this day. the around one percent of electricity globally is consumed by data centers, many of which provides remote storage facilities or what is also known as the cloud . i'm in no way to see how one center is kind of thing. the energy of these fields to store our digital information without a heavy comp and footprints. and i'm going to be off the

other stocks are here like square and mastercard. tom: we will see how they end the training.ow, an important conversation. also, he writes a brilliant notes observing the underlying theories of where we are. i love what you say about the bathtub and the drain, which is stock versus flow. stock is the mass out there. flows we are familiar with, explain stock versus flow in this crazy september. >> i think this applies mostly to the labor market, where on the flow perspective we have not done that great. we are adding 2000 jobs in the last month. the stock picture is most important. there are two things happening. the labor market is disconnected from the rest of the growth story and the development in the broader economy. gdp has recovered to precrisis levels. there are significant deficits in the labor market. the flow effect is key for the fed over the next 12 months. that will determine if we make substantial progress. think about labor markets in those terms. it distracts from some of the focus on the month-to-month data. tom: do we underestimate the technology overlay? we

had provide venmo, paypal and credit and along with -- you know, all the credit cards, discover, mastercardss, and so forth. >> i want to make sure people understand this is not a software platform. this is a family of software platforms. they're up against salesforce. i don't know if i want to touch this one the fact is you've got multiple buzze buzzes going and they're growing very well. >> yeah, the simple practice solution has over 110,000 clinicians using the solution. and literally healing the world one patient at a time. through mental health professionals, you know, social workers, marriage counsellors, substance abuse therapists, psychologists, but also physical therapists, nutritionists, dieticians, very large group of speech language pathologists and really they're doing bsh we're eliminating their administrative burdens and a a. loug them to focus on their customers and their clients and giving them gift of time to focus on the business without the paperwork everything from patient intake through setting up appointments online through the electronic health records and insurance

the visas, the mastercards, the western unions they are going to be demon advertised into one standard that can perform settlement in an instant, at no cost and in one fashion, agnostic of our country. >> there are 195 countries in the world. >> who's counting? >> pardon? >> who's counting. >> yeah, who's count but if i am hearing you right, you are saying that bitcoin or crypto can become a and is already a global currency worth the same amount in every place at the same time and so if i am in jakarta, i am getting the same value as if i am in toronto. and that can be a very good thing. i am not having to go exchange rates and so on and so forth it's all the same. that's a good part of it, right? >> yeah. you know what, i think, again, we need to separate and divide bitcoin the network and the innovation it delivers as compared to the visa network and the transunion network to bitcoin the asset that can be compared to gold one of the best savings assets of all time a remittance payment nowadays on a platform like twitter or our on platform strike if i want to send u.s. dollars to euro

they've tripped those during the pandemic mastercard and visa are underpe underperformers.square are up about 15%. amex shares are up the second best gainer in the dow. the shares dropped 83% from their 52-week low last october they also pay about a 1% dividend, something to consider as many investors look for safer stocks during a market selloff >>> up next, johnson & johnson's covid booster shot and its promise. we'll dig into the numbers and wh t cpaatheomny needs to do to gain fda approval, next. ♪ ♪ ♪ ♪ ♪ ♪ i wonder how the firm's doing without its fearless leader. you sure you want to leave that all behind? yeah. stay restless with the rx. crafted by lexus. experience amazing at your lexus dealer. in 2016, i was working at the amazon warehouse when my brother passed away. and a couple of years later, my mother passed away. after taking care of them, i knew that i really wanted to become a nurse. amazon helped me with training and tuition. today, i'm a medical assistant and i'm studying to become a registered nurse. in filipino: you'll always be in my heart. the person

that are maybe in the ipo chute, perhaps even, with that in mind why aren't these big banks, like mastercardy aren't they making acquisitions? could all of that stuff come together? >> yes they could. we wouldn't be surprised to see, we saw yesterday actually goldman sachs through the market division, the new consumer finance division of goldman buy green sky which is one of the smaller players in the market. there are a number of other smaller players. sesal is another one for example. we wouldn't be surprised those pretty subscale, be acquired. they have more lending component to the model. clarna has more credit exposure. natural acquirers would be potentially banks. maybe somebody like american express. we would like to see amex get into the market more actively through the acquisition. they're doing some of it organically but we would like to see them expose that. chase would be another candidate because chase has in the past fiddled around with chase pay, which was a checkout button model of their own. charles: i think they better do something quick. i have got 30 seconds. let me squee

us retails sales are expected to grow more than 7% this year now all of that's according to mastercardected to rise 6.6% over last year online sales are expected to remain robust as well with online spending anticipated to grow seven point six percent. so one percent more of both of them going up, you know, it's just a matter of time before we see the christmas trees up. right. it's almost time. yeah, exactly. thank you, michael. sure. get ready to dig in tomorrow is national cheeseburger day in. restaurants are celebrating with discounts and even free food places like mcdonald's red. robin wendy's are offering discounts to celebrate the day a recent survey ranked five guys and in and out as the top fast food burgers. coming up hitting the road for hispanic heritage month keeping the love for low riders all in the family, but this isn't your usual group. this one is all about the women. it's nice to know your blind spot can be protected blind spot monitor. standard on all 2021 volkswagen suvs unlike all honda or subaru suvs hurry in and get 0% apr financing for 36 months plus a $500 bo

americans are set to go on a major shopping spree according to a new consumer coe spending report from mastercardxpected to rise more than 7%. in store shopping set to make a major comeback this holiday season the forecast, up more than 6% from last year online shopping expected to grow by more than 7%. cnbc's courtney ragan now. what's driving the sales and what's topping the wish lists? >> reporter: hi, shep. good evening there are a number of factors pointing to a very happy holiday season not all guaranteed to be smooth sailing. courtney, is the contie 40holids a tren is strong, despite the covid delta variant. by and large u.s. consumers have been spending. >> i think what you're seeing, courtney, is the continuation of a trend you've seen over the last several months which is a very strong, healthy consumer. there is a pent-up demand. savings rate is high stock market is performing extremely well the consumer wants to get out and shop >> reporter: if you like shiny, expensive gifts, you might be in luck if you're on the nice list. luxury goods sales expected to grow more than 90% that's not

what sddoes that do to transactions for mastercard and visa they have rolled over. they have not confirmed any new highs in the s&p 500 for a while. keep an eye on that and also american express is down from its recent highs. >>> the summer travel surge may be slowing down. tsa screenings hit their lowest level since may. what does it mean for airline stocks >>> first an earnings alert on broadcom that stock on the move after the conference call is now under way. we'll have more on that next we're live from the nasdaq market site in timesque. asmoney" is back in two. need a s plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need. another day, another chance.

and in terms of the legacy names beyond visa and mastercard there are some acquirers like fis or pfizer. they have some really strong tech we estimate over 50% of their business is also thanks, guys >> appreciate that >>> by the way, do not miss andy jassy tomorrow "halftime" starts right now. >> carl, thanks. welcome to the halftime report i'm scott wapner streaking stocks the s&p comes off its worst week since june a five-day drop that has us asking, are stocks in the midst of breaking or close to bouncing we'll debate that and your money's next move with our investment committee joining me today, bryn talkington, shannon, steve weiss and pete najarian from market rebellion.com. it's a mixed picture as you see. dow has a nice gain better than 200 points s&p dips negative by a point nasdaq negative throughout much of the session holding on to 15,000 still down by some 55 points on the day. there is the russell with a modest lift and ten-year note. pushing close to 1.32. bryn, are we breaking or soon to be bouncing? how does it feel to you? >> maybe we're -- maybe a little bend before w

square, paypal and others banks are trying to get into the buy now/pay later, and visa and mast mastercards a pretty crowded space, but i think there's a lot of -- remember, this is a $8 trillion credit card business, and the volumes of buy now/pay later are really small right now. they could grow 10, 15 fold. there's a lot of competition for sure. >> affirm up today mike, just a big of a leg lower. >> a bit of a tentative feel it has been all around i feel like we have full equity allocation meeting this window of uncertainty 4494 on the s&p nothing is rally falling apart here i feel as if it's in a low volume anxious back-and-forth trade. and the advancing/declining? >> you see the new york stock exchange much more volume to the upside than the downside that's a recovery from the past couple days. another way of visualizing this trend toward defense, take a look at dow jones utilities against the transports, and you see a pretty wide gulf of performance. utilities are not just purely defense, but it does show you this soft patch in the economy is not something that's blindsided investors

>> we are specifically talking about the credit card companies like visa mastercard will usually chargethat companies are offering to the retailers especially to the consumers to have an option to pay a checkout. david: it provides both for the consumers and the retailers they both get a deal out of this questioning. >> absolutely for the retailers they love it because it's more sales for them in a higher average ticket people are willing to spend their money much more because is simple and convenient way to pay it checkout and consumers love it because it's pretty transparent and they tell you in advance what the installment fees will be on a transaction that is $500 and it takes anxiety out of buying certain things and credit for consumers. david: how do you get paid out of all of this? >> i'm working on-site for free cfo, we do credit card processing my perspective is looking at trends and what's going on and what can drive sales i see this as a really positive program that's going to be around you will see them grow much more. david: retailers have been having a terrible time over t

we like mastercard, expedia, disney, and i think as we look out a year from now interest rates will bejpmorgan and ally financial. >> all right plenty of laggards to look among, tom thank you very much, tom and barry. >> thank you >>> as we go to break, a look at the roadmap the rest of the hour including retail sales posting that surprise gain as consumers show strength despite the delta fears. >> and the country's largest real estate financing firm we will talk the return to work trade with the ceo of marcus. >>> and a lot more on yesterday's launch in florida with the administrator of nasa, bill nelson, as "squawk on the street" continues. street" continues. dow's down 111 we can explore uncharted waters, and not only make new discoveries, but get there faster, with better outcomes. with app, cloud and anywhere workspace solu vmware helps companies navigate change-- meeting them where they are, and getting them where they want to be. faster. vmware. welcome change. i wonder how the firm's doing without its fearless leader. you sure you want to leave that all behind? yeah. stay restl

they want to extend that much as you would extend a credit line on a vis a vis saw or -- visa or mastercarden the u.s. government does that, it's sort of that on steroids. welcome, everyone, beautiful weather throughout much of the country. not all of the country, we'll get to that later in the show. a threat of a hurricane off the southeast coast of the united states. but let's not focus on that. let's focus on the political storm that's brewing right now between democrats and republicans and not just between the parties, but within the democratic party itself over a key vote presumably on monday on infrastructure but just infrastructure, that lean and mean $1 is trillion package that pales in comparison to the $3.5 trillion, much bigger and maybe much bigger than $3.5 trillion measure that progressives are pushing for and democrats all need to get on the same page. they are not, not by a long shot. let's get the latest from jacqui heinrich in washington where things stand now. >> reporter: good morning to you. there are several legislative priorities that are coming together on the hill t

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neil: you know, maya, if you or i had the power, couldn't pay our bills, american express, visa, mastercard, we upped the credit limit to stumble another day life work dandy. unfortunately we can't do what the u.s. government could do, can we? >> there are all the crazy theories out there, don't worry about the debt, everything will pay for itself, it is magic, we can print money. there are a lot of wishful storylines, because the government has ability to raise taxes that is story that ends really bad for any government that engages in that possibility. i would add this is moment in our history with a really immense amount of threats around the corner and we need to be fiscally sound to stand up, or able to defend against them. this is an unwise time to test the limit to see how much debt is too much. we really need to take measures immediately to start to put the debt on downward path relative to our economy. neil: failing that, i think the comedian seinfeld got it right, we owe this money to ourselves? well i'm not paying, just go away. that is not an option. that is not an option. thank

lauren: mastercard, difficult to see. stuart: we will change that.ve any big tech? tesla, netflix on the nasdaq winners please. check the big board again. we have more red ink than we were expecting, futures predicted a lot of 40 or 50 points, we are down 120, that is one third of one% to 10 year treasury at 137 up at that level, one.37%, the price of gold $18.15, bitcoin went above 50 grand over the weekend, came down 50 this morning, your at 51 exactly, 51,$000 exactly. oil, $68 a barrel but the price of gasoline keeps going up slowly, gradually, $3.19 for national average and california way up there, $4.40 for gallon of regular. formula director of national intelligence ric grenell has alarming warning, what he's hearing about the vetting process for afghan refugees. >> people who used to work for me and have now contacted me to say that the vetting process is atrocious. they are told by biden administration officials to rush people through if there is not proper documentation. this is illegal. stuart: so far reportedly 100 evacuees have been flag

tomorrow, on "squawk box" we speak with gaby sulzberger she is a member of the board at eli litly and mastercarders. >>> coming up, the marvel latest for the weekend box office we will bring you the box office numbers. that's next. >> announcer: executive edge is sponsored by at&t business our people and network will help keep you connected let's take care of business. dif. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business, you can pick the best plan for each employee and get the best deals on every smartphone. >>> good morning welcome back to "squawk box" here on cnbc look at the futures this morning. dow opening 16 points higher nasdaq opening down 10 points. s&p 500 in the green for now round up one point >>> it was a big weekend for the box office for "shang-chi. it made $90 million in the united states and canada "shang-chi" int

that will continue, that is a good opportunity docusign is one of those and credit cards as well mastercard and visa which is behind the scenes with the payment features or capital one. that is a newer purchase for us which is tied to the consumer, which kevin said has been de-leveraging. they have the opportunity to put more on the credit cards those are great opportunities going forward. >> some of the financials have struggled recently capital one is looking at it from the credit remperspective. kevin, the same thing. >> we think rates are going to trend higher like the equity markets. it will do it at a pace that the equity market can digest if everything aligns properly, jobs continue to do well and people go back to work and delta cases trend down which we have seen in the hardest hitstates. technical will tell you we get back to 145 on the 10-year from there, the next is 160 resistance we are not back where we were in march. 175 or 177 level we will slowly get there >> do you think the same, kevin? especially because we saw producer prices that were strong last week. we are looking f