stories that should be on your radar today it is "rapid fire" and here to take on the headlines are michael santoli rogers and eric chemi great to have you all here some employees were told they should return to the office. what do you think of this, michael? >> it's not a surprise they want to get the process moving. it's not like they'll pack the trading floors these are two senior executives in those areas, sales and trading in particular being areas where there does seem to be a lot of advantage of being up close you're constantly messing with clients, you have all this data rich technology there. so it makes sense. i don't know if this necessarily, though, creates this kind of automatic me, too move with other offices. it's right now pretty well restricted to the big banks and trading. >> others like abvi said they wanted to bring people back who are a little more hesitant, so we're starting to see this standoff, but maybe for the first time, it's after labor day, and companies and workers are now figuring out, do i really want to go back, do i have to go back, and what's that going to look li

just nasdaq is higher, not just dow and s&p but nasdaq is marching higher it's like the wise michael santoli hour it's a good sign if this can be the case even without participation from the different names in the market. >> if the sexy stocks aren't taking place, you're looking elsewhere, looking at proctor and gambles at all-time highs, nikes at all-time highs, some others we can point to the health care sector at an all-time high. a lot of those stocks just zooming. >> bingo thanks for watching "power lunch," everybody. "closing bell" starts tomorrow. >> see you tomorrow. >> it certainly does good afternoon, welcome to "closing bell. i'm wizard frost with sara eisen. stocks zooming through, s&p up 1.2%, nasdaq underperforms that's a turnaround that started after the open early this morning. it was the other way around. either way, indexes are high bit afrotation high tech names like apple, zoom, as just saying, beaten down par of the market utilities. lamb research, micron, nvidia at

500 who are only 50 or 60, and so it's not going to change investors aren't going to change >> michael santolin to you i think what kantrewitz is saying, people want growth because they're not confident where else they might get it, but is that piece of it starting to change? when you see the surveys, hear about the industries hiring? >> it's starting to change, kelly, in the sense that the only game in town may only be these long sector growth stories which have these caps that are valued much higher given the fact we have corporate bond yields at 2% it's actually broadened out a bit the last couple weeks, if you look at consumer discretionary outside amazon compares to consumer staples those things have been trending in a positive direction, just not as dramatically. they're not capable of piling on the market cap that huge growth stocks are, and let's face it, they don't captivate the public, the excitement you have around a handful of names that really drove them to extremes you know, the setup you had for the segment presuming everyone always figures these stocks are always up every day.

jon fortt, julia boorstin and michael santoli.erybody the "global times" publishing an editorial calling the tiktok deal unfair. on "squawk box" this morning, here's his take on the proceedings. >> the whole thing is a crock. it starts, obviously, simply to say we want to protect the security of americans for anything that could happen to them by using tiktok it has now morphed into this kind of ludicrous kind of game match between tossing ownership here, control there, et cetera, et cetera. it's just -- its original aims are out the window and in has just come a whole political mishmash >> what do you think, jon fortt, is he being too unfair >> nope. i've been saying this for about a week this deal is ridiculous. it should be about protecting the data of american citizens and protecting the environment for speech and ideas, and making sure between the cloud infrastructure and policing of the algorithm that those two things happen. the way you do that is by making rules that apply to everyone about where u.s. citizen data has to r

michael santoli, julia boorstin and robert frank all joining me.rotest for what they're calling facebook's repeated failures to stop hate speech and election issues on their platform it includes these celebrities, kim kardashian west, katy perry, ashton kutcher what are they trying to accomplish here? will it accomplish anything? >> it stop for profit is a group of nonprofits that together organized and advertised their boycott back in july they then expanded that boycott in august to bring in some international companies as well. now they're trying to maintain attention on these issues, the idea that facebook could be enabling the spread of hate speech to do so today, a number of big celebrities, including kim kardashi kardashian, who has nearly 189 million followers on instagram, are taking a pause on instagram. so yesterday you might have seen something that looks like this stop hate little logo here on some celebrities' instagram pages. she posted explaining why she was going to be taking a pause from instagram today, trying to raise awareness

just the use, mike, mike santoli of michael saying end badly, you used the word overshoot.r you used the worth frothy what are you looking for what type of market is this that got you using the words that you normally wouldn't? >> i would say -- what i'm saying overshoot, i'm saying in the short term for this little phase. what am i looking at, i'm looking at basically the shear distance that the s&p 500 traveled in time relative to the longer term trends on the pure technical level, it's up to the areas where it usually means it doesn't take as much as a pullback versus tacking on further gains. it continued on for a month or two. here arguably in the fourth quarter of last year so this is not a ringing of the bell this is saying this is what the climate looks like i think the intensity of the buying of very short term speculative upside options across the board in growth tech and the fast moving high beta names is going on for a long time that tells you there is an overconfidence in certain parts of the market that leaves us susceptible for something nasty. longer term in

santoli examines whether the consumerecer rov you are will come crashing down. you can watch or listen live on the go on the cnbc app that's what my dad does. good job, michael! tell the class what your mommy does... my mom has super powers. it's like she can see the future. what?! it's like she time travels in a rocket ship. that's cool! and then she comes back saying "try this" or "try that." she helps everyone. she helps them feel less worried. wow! mommy, so what is it that you do? i'm a financial advisor. she is! aig proudly supports all the professionals taking care of our financial futures. ♪ i keep working my way back to you, babe ♪ ♪ with a happiness that died ♪ i let it get away servicenow. the smarter way to workflow. >>> let's send it over to mike who is looking at the potential implications of stalling the stimulus package in had d.c. mike >> there is good news and bad news in this chart it shows up top real personal income this is in dollars $18 trillion so far, well above year ago levels right here. now this includes transfer payments, unemployment insurance, $1200 check that most households got earlier this year this is without it so this is j