morgan brennan is at the kennedy space center following spacex's historic flight.. retail sales above expectations but the markets having a tough time repeating the best day of the month yesterday. dow's down 95. business inventories are out rick santelli's got that hey, rick. >> yes, inventories are a very important aspect of trading these days we are all monitoring some of the low inventories, especially in front of holiday season so the july business inventories coming in as expected, up half of 1% is a solid number. if we look at the entire year, it really has been all positive numbers, the smallest was in april up 0.10 of 1% as we try to replenish various parts of the pipeline of inventories. last month up 0.8 to 0.9 another thing up today, interest rates and energy prices. we want to pay close attention 1.34% on a ten-year, the area to monitor around 1.37 to 1.39% that zone is considered the best resistance, which means should we get above that area, maybe look for hotter interest rates mike. >> jthank you. we are 30 minutes into the trading session. here are

our morgan brennan is at the kennedy space center. >> this an historic site for an historic launch. that's 39a where apollo and space shuttle air astronauts began their journeys to space decades ago. if all goes according to plan, tonight four private citizens in the first ever fully commercial all civilian mission to orbit will join that list. i sat down with the crew ahead of this major milestone. we've got that discussion, plus all the details as we count down to liftoff ats coming up at the topof the hour stay tuned to "squawk on the street." ah, same deal! yeah, it's kind of our thing. huh, that's a great deal... what if i'm new to at&t? cam, can you...? hey...but what about for existing customers? same deal. it's the same deal. is he ok? it's not complicated. with at&t, everyone gets our best deals on every smartphone. today, things can be pretty unexpected. but your customers, they still expect things to be simple. and they want it all personalized. with ibm, you can do both. businesses like insurers can automate it processes across clouds. so agents can spend more time on cu

that's where we find our own morgan brennan's hi again, morgan. >> reporter: hi, carl.s from now, if all goes according to plan, the all-civilian crew takes off for a historic three-day journey space. a milestone for space flight overall and came together quickly after the ceo teamed up with elon musk and spacex for this all-civilian, fully commercial mission to raise funds for saint jude children's research center. just six months of training. isaacman told me last night, a fierce sequential. >> no one spared us on system review knowledge of falcon or dragon literally thousands of pages and a lot of power point to supportand in that transition, into simulation, this is how everything looks when normal going into slightly abnormal things, into full-up emergencies and demonstrating all that knowledge impart on you you can use appropriately. it's been a heck of a journey. >> reporter: isaacman telling spacex the most innovative organization he's experienced and it would be "irresponsible to be exposed to this kind of environment and not try to take good lessons to his own

will launch the first all private citizen flight into orbit in just over two hours let's get to morgan brennanith more morgan >> reporter: we are currently go for launch and, melissa, this is history in the making. the four private citizens are already sitting inside spacex's dragon capsule atop a falcon 9 rocket on a launch pad where apollo astronauts began. nasa is just a bibystander and if all goes according to plan, inspiration 4 will be the first ever all civilian fully commercial space flight to orbit a three day trip at an altitude farther than the international space station, the farthest into space that humans have entered in more than a decade. the crew arrived earlier this hour to that launch pad in their white and black custom spacex suits color coordinated with the spacex hardware and with the teslas that transported them there. clearly excited. hugging. writing their names on the wall of the spacex white room a shift 4 founder jared isaacman, the benefactor and crew man and his three crew mates. they're preparing for liftoff. melissa? >> morgan, will these private citizens be exp

set to spend three days in orbit if successful it will mark a new era for private space travel morgan brennanow's the weather holding up >> reporter: we are currently a go for launch. we thinker is 90% favorable as i say this and keep in mind, spacex is watching the forecast three days out in anticipation of the crew's return, but for now, the countdown clock continues to tick down. >> we're excited and just ready to get going. >> reporter: when the crew of inspiration 4 lifts off for space atop a twice flown falcon nine rocket, it will become the first ever all civilian fully commercial mission to orbit. one traveling at an altitude higher than the international space station and farther than humans have gone since the last hubble repair missions more than a decade ago for this, though, nasa will be a bystander and elon musk's spacex the operator. >> no one spared us on the knowledge of the dragon. >> literally thousands of pages and a lot of power point to support it it's been a heck of a journey. >> reporter: it's the brain child of ceo jared isaacman. the mission's ben factor and commande

. >> i'm morgan brennan in for sara eisen what is driving the action today? energy by far the top performing sector crude back above $70 names like cabot and occidental are up today the job less claims is the lowest level since the part of the pandemic that's ahead of tomorrow's jobs report retail stocks are making a moving we have more on those straight ahead. we have 59 minutes left to go in the trading session. wilf >> a big show coming up. as always, we'll speak with bank of america's head of retail about the state of consumer and whether the delta variant is hurting the numbers he's seeing. >>> and the ceo of first center on the impact of extreme weather. >>> pike santoli is tracking the market action. ylan mui has a look at whether the infrastructure bill will address some of the problems that this week's flooding has brought to light >> we're idles ahead of the jobs number some upwards drift between about 45.20 and 45.40 area, so it seems as if we're flattening out before we get the jobs number before, and the start of month flows, which maybe you with

. >> i'm morgan brennan.'s look at what's driving the action today energy today with goldman raising the year-end forecast for oil. growth names are under pressure with apple and google and microsoft in the red and the durable goods number up this morning th

. >> i'm morgan brennan in for sara eisen what is driving the action today?de back above

seeing pressure today the dow in jeopardy of turning in its third straight session of declines i'm morgan brennanest read on job openings showed how tight the labor market really is with nearly 11 million open positions meantime, the fed saying in its beige book that sxhk growth has down shifted in light of covid concerns crypto remains in focus. toda

i know morgan brennan is ahead of me. i would, absolutely. i feel i have done most things on terra firma sdp. >> i still have plenty of places to go on the planet. i don't need to go to space yet. >> there are supplies places ie to go. disneyland morocco. places like that bertha, thank you. >>> right now, let's get a check of the markets and potentially good news about the rest of the year according to the investment group research, in years with the s&p 500 made the gains we have this year, the index tends to go higher the rest of the year in other words, history is on your side. that's not always what happens let's talk more about it with vance howard ceo at howard capital management history may be on our side it feels like with all of the stuff happening in the markets an a and all of the stuff with the fiscal cliff, it feels like we are more on shaky ground more than the year. how do you see it? >> when we look at the nasdaq and s&p, it looks tired to us. no way saying the trend will not continue to move higher. we firmly believe it is. t

i'm morgan brennan in for sara eisen. stocks do settle here. dow finishing down 69 points or about 0.2%. the s&p finishing down marginally lower, down by about 6 points 4514 is the level there. and the nasdaq, after days of outperform afinishing down about 0.6% the russell 2000 small caps, big underperformer of the day down 1.1% in terms of the biggest laggards in the s&p, it was energy and materials and utilities the biggest outperformer still to come, larry fink, ray dalio and george soros debating the merits of investing in china. >>> also hayman capital's kyle bass who will weigh in on the comments and give us his own china strategy >>> plus, minutes away from earnings from lululemon, gamestop and rh. we'll break those numbers as soon as they cross josh brown from ritholtz wealth management is here and gabrielle santos is joining the conversation as well >>> first, mike santoli, we go to you and your take, especially given the fact we have had some commentary, particularly from some of the industrial names over the last couple of days raisi

. >>> morgan brennan ahead with the launch with a pretty interesting crew >> to say the least, sarahucators, lockheed martin. hayley arceneaux currently they are getting suited up. what else? flashing white teslas. also here, elon musk who isaac man who is raising money for saint jude's a three-day journey before splashing down off the florida coast, guys. it could mark not only -- >> we lost our shot but we got the point. we're watching morgan brennan at kennedy space center wilfred and mike, as we wrap up the final thoughts and turn towards tomorrow, retail sales obviously in focus there's a holiday so maybe -- i don't know, there's yield adage on wall street that people are bringing out to sell on the jewish holiday you're ahead of that do you put any stock into those seasonal patterns? >> i don't know if you can necessarily use it as your main guide but it certainly is in the money this year. the sale would have been, i think friday, september 3rd. i don't know when you buy it back probably after yom kippur is over it has allowed investors to side step a handful of nasty volatili

at the spacex stream here the command center making its final checks before all systems are go morgan brennan >> reporter: yeah, that's right. it is a clear night here the countdown clock continues. we are currently t minus 7:30 from liftoff at this point if there's a hold put on the process, the launch will scrub for the night, so we are in the final moments here. the crew just received final instructions they're now on the launch pad. they're inside that d drag capsule they have been there the last several hours. the falcon nine rocket is close to fully fuel. the booster will be chill for liftoff, since the rocket is fuelled with super cold liquid oxygen that dragon spacecraft that is atop that rocket, that will be home to the inspiration four crewmates for the next three days it will be turned on to private power. those private astronauts are going to -- which includes jared isaacman sian procter, chris semibrowski, haley -- they are in white and black spacex suits, color coordinated with the spacex hard ware, they were deliver in the teslas that are also matching. the final checks, though

i feel like our role is kind of a small contribution towards that bigger plan >> cnbc's morgan brennanbc. and the news >>> a woolly mammoth could roam the earth by 2027.e earth by george church and his company colossal trying to revive the extinlts creature. church says it will take six years to grow the mammoths in artificial wombs and then they'll be dropped in a park in siberia to eat grass and be tamp down snow. those activities could save the methane from escaping. permafrost by preventing methane from escaping woolly mammoths have been extinct but life finds a way >>> 30 seconds left on a race to the finish louisiana bracing for flooding tonight from tropical storm nicholas after it made landfall in texas a cat one hurricane >>> the polls are set to close in three hours in california's recall election, gavin newsom fighting to keep his job. now you know the news of this tuesday, september 14th, 2021. i'm shepard smith. thanks for checking november tonight. we'll see you back here tomorrow, 7 eastern, cnbc. where you can pay a little less and enjoy the ride a little more. ♪ ♪ ♪ ♪

we'll be watching as we open for that as well you want to make sure to tune in tomorrow, because morgan brennanes and one day as we kidded with her she will be in she will be in the space rocket. >> morgan space brennan. >> yes >> she will be in orbit as well. that will do it for us on "squawk on the street. "techcheck" with andy jassy, that interview, stay tuned it is coming up right now. >>> our business is very different from apple's business. we feel like we experience probably two to three years of growth in 18 months. jeff called me and asked me if i was interested when you experience great voice apps, it makes tapping on an app so circa 2005. we won't compromise on it.

i'm morgan brennan and mike santoli as stocks selling here with the "closing bell," just a moment agocture the dow finishes lower by 267 points, or about 0.75% the s&p 500 also finishing the day in the red, 45.20 is the level there. the nasdaq composite, the outperformer of the day, eking out, just barely, just above the flat line. the russell 2000 small caps and dow transports also finishing day in the red net flex, though, hitting an all-time high. this coming up this hour, i should say, we'll talk with mark mama haney, and delano sapporo is with us still, and liz young is joining the conversation as well mike, we've been talking about it all day, and we've been talking about it a in the meantime better of today. >> yeah, it's been persistent. i would have thought if there was going to be a bit of difficulty in the market, it might come back those huge growth stocks were a little tired, and maybe 24e6 set just to pull back in the natural course of things well, amazon, apple, tesla, netflix have not listened to that so we still have the makings of that i do think there's a bit of cau

. >> i'm morgan brennan. let's look at what's driving the action today energy today with goldman raising the year-end forecast for oil. growth names are under pressure with apple and google and microsoft in the red and the durable goods number up this morning the number is up 15 of the past 16 months. >>> today morgan stanley's mike wilson will join us to talk about why investors should get defensive in their portfolio. >>> after the bell rolts from aurora cannabis and miguel martin will join us to break down the numbers. >>> wlbob pisani has a look at tech products and luke meanster is here to weigh in. bob? >> the important thing is rates and the reopening and it is a little bit about value let's show you what's going on the big tech names are weak today. the dow up with bank stocks up and oil stocks up. a price weighted index but the s&p is not and weighing on the s&p. cisco, apple, nvidia to the downside what's going on here the three things that are putting pressure on these stocks the whole reopening st

i'm carl quintanilla with morgan brennan and david faber live at post nine.it here dow up pretty well, up 220 the s&p negative nasdaq, too, as we are getting the impact of some higher yields on some technology names. >> we're 30 minutes into the trading session. here are three of the big movers we're watching this morning. occidental petroleum higher this morning, one of the top gainers as brent crude hits its highest level since 2018 best buy shares are seeing green after being named a top idea of piper sandler. you can see those shares up 4.5% keep an eye as carl mentioned on treasuries the 10-year yield topping briefly 1.5% this morning. it's back at 1.477 that's as investors continue to weigh inflation fears, potential government shutdown this week, the two-year and five-year at highs we have not seen since early 2020 >> we're going to turn back to the markets starting off mixed as we close out the month and the quarter this week. let's bring in bob doll, cross market global investment officer. always good to check in with you. good monday morning. >> you

i'm carl quintanilla with morgan brennan and david faber live at post nine. hawkish fed, past some of the evergrande headlines the s&p back above the 50-day moving average. >> what a week so far. we are 30 minutes into the trading session. here are the three movers we're watching darden, one of the biggest gainers on the s&p 500, after strong first quarter results, the company raising its 2022 outlook. see the shares are up more than 8% restaurant tech company toast is in the red after popping more than 50% in its debut yesterday here at the stock exchange it is down about 3.5%, above the $40 ipo price. finally, watch delta douwngraded to hold. it's not hurting the stock della airplanes up 1.5%. we will discuss the travel landscape with expedia ceo peter kern later this hour >> all right turning to the fed as well, indicating that rate hike could be coming perhaps sooner than some expected. steve liesman has a recap for us nothing gets by him. whatever was said was expected by you, steve. >> i think that's right, david carl called it hawkish and i don't want

i'm david faber with morgan brennan and mike santoli carl and jim have this morning off. let's give you a look at futures as we g et ready to wrap up the trading week it the august jobs report reflecting worries about the delta variant outbreak non-farm payrolls were up last month well below street estimates of some 720,000 jobs being added. the unemployment rate was in line with expectations it fell to 5.2%. average hourly earnings up 4.3%. that is year-over-year you can take a look at the ten-year, and morgan, leisure, hospitality, it kraccounts far large chunk of this miss there were no job gains versus 415,000 in july, 397,000 in june there seem to be a lot of help wanted ads out in that area. the delta variant may have cut back in general sort of job growth as well, and that is a lot of the many hiss. >> which is notable given the fact that so much of this data was in the first half of the month as well, before delta picked up the pace in terms of the climb we saw as the month continued to unfold, you had the hurricane impacts, weather impacts towards the end of the

i'm carl quintanilla with morgan brennan and david faber.ande rolling markets around the world as asia closed, hong kong down, the dow down 17. housing data this hour let's check in with diana olick. >> carl, builder sentiment rose 1 point to 76 on the national association of home builders wells fargo index. that's a slight beat and the first gain in three months the street was looking for unchanged. sentiment stood at 83 in september of last year and then set a record high of 90 last november it dropped off when lumber prices spiked and supply chain issues hampered construction price of lumber is down to quarter of its record high from last april and builders say delivery times remain extended and the chronic construction labor shortage is expected to persist. if the index is three components, current sales conditions rose to 82, buyer traffic increased to 61 and sales expectations in the next six months steady at 81. regionally on a three month average sentiment down everywhere except in the midwest, that, of course, is where housing is mo

i'm morgan brennan with david faber and mike santoli carl has the morning off just getting a check onrows the manl averages all move higher still in a tight trading range the s&p a new record high, up 0.3% h the dow also up about 98 points. factory orders are out just a moment ago, and rick santelli has that for us as well. rick >> thank you, leslie yes, our july read on factory orders up 0.4 of 1%. that's better than expectations, but it's definitely lagging. in the rearview mirror up 1.5, weakest since april when it was minus 110. we know why. a lot of issues affecting manufacturing, issues on supply chain. august auto sales weren't very solid, so you can see how leading in from july we continue to see these weaker trends and if you strip out transportation, there is a marked improvement so we could see how airlines and airplanes and aerospace enter into this. it's up 0.8 of 1%. july final on durable goods at minus one-tenth of 1% which is the same as the mid-month read if we look at ex-transportation on durables, the same effect it pops up to up 0.8 as well finally, capital goods o

i'm carl quintanilla with morgan brennan and david david live at post 9 in of the new york stock exchangeing out with gains after six days down for the -- five for the dow and s&p. september holding up to its reputation on pace for the worst month since last october. >> we are 30 minutes into the trading session. here are the three big movers we are watching virgin galactic sliding, delaying the first commercial research space mission for the italian air force after a third party supplier warned ever a potential defect on top of the ongoing faa investigation. we will have more on space tourism later this hour. you can see the shares down 5% now. plus, alibaba getting hammered on a report that the china wants to break up ali pay. shares down 2.5% and 3m with the company's cfo saying inflation is higher than we even thought in q3. the latest company within the industrial sector to come out with cautious commentary. >> thank you, morgan less than 18 months after the economy and the stock market bottomed, the markets and the economy have already moved into mid-cycle mode more quickly than exp

i'm carl carl with morgan brennan and david faber like at post 9 of the new york stock exchange futurest just briefly. dow is up 78 points as we try to avoid extending the three-day loss for the dow and s&p. >> 30 minutes into the trading session, three of the big movers this morning chinese video game company net ease under pressure today after chinese regulators called them in for interviews and reminded them of restriction on game time limits for children. the stock is down around 20% over the last three months down another 2% today in trading. plus, boston beer shares fizzling after financial guidance in part to weaker than expected seltzer sales shares down 7% right now. lululemon leading retailers high topping earnings estimates higher those shares up 12%, david. >> yeah, nice move in lulu thank you. >>> we are also keeping an eye on the airlines. they are warning of some slowing revenue of course as the delta variant continues to hinder travel phil lebeau has that story for us phil >> david, this is confirmation of what we talked about the last three or four weeks. all of the air

morgan brennan is at the kennedy space center where she witnessed that historic spacex flight.s come in with that surprisingly strong

. >> morgan space brennan. >> yes >> she will be in orbit as well. that will do it for us on "squawk on the street. "techcheck" with andy jassy, that interview, stay tuned it is coming up right now. >>> our business is very different from apple's business. we feel like we experience probably two to three years of growth in 18 months. jeff called me and asked me if i was interested when you experience great voice apps, it makes tapping on an app so circa 2005. we won't compromise on it. >>> happy tuesday, welcome to a special edition of "techcheck. i'm jon fortt with carl quintanilla and julia boorstin today, the interview, our exclusive sit-down with andy jassy. the challenges, pressures and future for amazon on almost every topic you can think of and how he's approaching them as the new chief executive takes the reins from jeff bezos, carl. >> jon, we can't wait for it moments away we did open with a gain on the dow, triple digits, 120 or so. lost it and now down 200 despite the cooler than expected cpi number which did give futures a bit of a bounc

i'm david faber with morgan brennan and mike santoli carl and jim have this morning off.as we g et ready to wrap up the trading week it the august jobs report reflecting worries about the delta variant ou