i would say that we raised $111 billion on nasdaq, the companies that came to nasdaq in the first halfut even still, the number of companies on file to go public is as high as it has been in the last six months. alix: are some of those companies not going to be chinese companies after the recent crackdown on foreign listings? how do you see that part evolving? what is the hit to your business? adena: over the last 12 years, we have seen a high number of companies from china coming and tapping the u.s. public markets. the new rules in china have established so that they have to seek approval before they come to the u.s. markets, so that is likely to have some impact at least in the short term as they are developing those criteria and helping the chinese companies understand what they are looking for before they come to the u.s. markets. we continue to have very active dialogue with chinese companies expect him to be able to come to the u.s. markets in the second half of the year. alix: let's talk more about the client base. retail investor trading has been a huge shift that has seen a h

it's friday before the fourth of july here is what's coming up >> the nasdaq 100 approaching a rare ly seen inflection point, there's a window of opportunity. >>> then from windows to floors. tony is looking to play an opportunity in name we don't cover very often in a very specific sub sector of housing >>> finally, we know you're probably on vacation next week professor is getting you set now. two weeks ahead of the big earnings because the early bird gets the income. it's time to risk less and make more options action starts right now. >> let's get right to it the vxx hit new low and the nasdaq behaving in way that happened only a handful of times. carter >> you bet unusual circumstance which is to say you can go up two weeks in a row or three now we have a circumstance where the qqq and nasdaq 100 on which qqq derived up seven weeks in a row. one could say it's not really statistics it's just data money facts are the facts and we look at them together first a chart, the nasdaq, 100, this is weekly bars and what we have now is an assent of seven consecutive weeks. if you look at the

there's a nasdaq lift off apple news.ut the focus has to be in this changed wednesday on chairman powell in washington. jonathan: i'm with you. just how compromised is the federal reserve chairman, who's clearly looking for a second term at the cap of the central bank in america? tom: steve stanley absolutely nailed it, that what he cannot do today is go down there and say remain calm. that is not going to happen. jonathan: that is the monetary policy side of things. we got to talk about the physical side as well. lisa: a 3.5 trillion dollar proposal from to kratz they have agreed upon. will it matter enough to -- from democrats they have agreed upon. will it matter enough to markets? people bringing back their expectations for fiscal, as well as potential momentum in this economy. tom: here's your pricing -- jonathan: here's your price action this wednesday. 43 624 the s&p 500, unchanged -- 4364 on the s&p 500, unchanged. on the 10 year, a break of 1.40% briefly. eurodollar, 1.7 don nin -- eurodollar, 1.1799. lisa: i to

nasdaq up 0.6%. it is the way the nasdaq is up that is important.on: and yields are lower with it. 1.4363% on tens -- 1.3363% on tens. price shapes narrative. narratives don't shape price. that is what is happening. steve major of hsbc has been bullish the bond market, this morning saying maybe be forgetting a sense that this story has peaked. frances donald of manulife made the call that she think we have seen a cycle peak in the 10 year yield already. whatever your view on all of this, you start to see the tide moving, and people start to build on it. that is what's been happening over the last several weeks. tom: the opening of an economy, we just saw that with abby joseph cohen and her six-year-old granddaughter interrupting the show worldwide, and says this was a kindergarten experience this year for her granddaughter that was done entirely by zoom. it is an opening economy. wei li joins us from blackrock, their chief global investment strategist. you have a fascinating view, and it is so much avoid the u.s., like knupp on the u.s., and look at

nasdaq notched a second record close, take a look. dow industrials were down 209 points yesterday to close, the nasdaq was up 24, beginning today's trading session at yet another all-time high. s&p 500 yesterday lower by 8 and-a-half. european markets this morning have a firmer tone, take a look. we're in the green in europe with the ft 100 up 45, cac up 9, dax higher by 115. asia overnight markets finished mostly lower, take a look. the shanghai composite was up two thirds of a percent but the japanese nikkei down about 1%. "mornings with maria" is live right now. ♪ let's get it started. ♪ let's get it started in here. ♪ let's get it started. ♪ let's get it started in here. let's get it started. ♪ let's get it started. maria: now some of the top stories we're watching this morning. tropical storm elsa bringing strong winds and heavy rain as it barrels towardstampa bay florida this morning. millions of americans are facing a life threatening storm surge, heavy rain and potential isolated tornadoes. the coast guard says nine people are

joining us now is nasdaq ceo we are together again.excited to be here >> this is our terrace we make this available to our clients and employees. we are really proud to have here today. thank you. the pandemic itself, i don't know if it was a benefit the markets, it is almost as if there was no pandemic. >> we are really excited to announce our earnings. we when we set back to look at why we are growing starting with the increasing of the markets. the crime skeend investment requirements and changes and shifts grew. we had 352 more traiting companies onnasdaq we launched 15 new index quart we are showing our show case to grow in a dynamic environment. what is also important is the resilience in a challenging time we have months to go if anything, our markets and the markets in general have really demonstrated those things we can provide. our annual recurring revenue is up $1.8 trillion even without that, it was 12% increase in our annualized recurring revenue that comes from solutions. >> it has become the majority of our business >> i

. >> with the bigs, the new loss and nasdaq 100 approaching a rarely seen inflexion point we guide you through a potential window of opportunity. then, from windows to floors tony zhang is looking to play an tonight in a name we don't cover very often in a very specific subsector of housing. >> finally, we know you'll probably be on vacation next week, so our professor is getting you set right now to you weeks ahead of the barrage because the early bird gets the income "options action" starts right now. >> let's get right to it the vix just hit new lows and the nasdaq is behaving in a way that happened a handful of times in history carter explains why that is important right now. carter >> you bet unusual circumstances which is to say you can grow up two weeks in a row or three but now we have a circumstance where the qqq and the nasdaq 100 index, the index on which qqq derives is up seven weeks in a row when you look at what happens thereafter and that is not just statistics but data mining the facts are the facts and we'll look at them together. the nasdaq 100, this is weekly bars an

flat but look at this , s&p down half a percent, nasdaq down nearly 1%. it has been a choppy day for stocks, and as you can see , the dow and s&p getting caught up a little bit in the push and pull of economic uncertainty, we'll get into that, but could the crypto craze be part of the markets tug of war? jay powell coming out swinging in round two of his testimony on capitol hill, what the fed chair had to say about digital currencies and what it means for your investment in both cryptos and stocks, plus, record high heat threatening the nation 's food supply, but could indoor farming be the answer to mother nature's wrath? fascinating stuff we'll get into that. meanwhile, is germany playing both sides of the u.s. china battle? a high stakes meeting is going on right now at the white house, what it could all mean for future dealings with china, and the 2021 ipo parade bringing out the biggest in investing we have the state of play on today 's all-star street debuts yes that is mark wahlberg, but, let's get to these markets, meantime the latest data showin

they've had more 52-week lows on the nasdaq than highs.t's pretty close to record highs, a lot of weakness under the service of this market the volatility index hopped above 20, a bit earlier as we got anxious. the china stocks are in free fall, but it's slowed down a bit of pre-fed hesitation, i would say, in that vix number, looking to hedge a known catalyst coming in less than 24 hours. >>> one minute to go to the close. we are going to break a five-day win streak for the dow off the lows, climbing up to the highs, the dow remains about 35k, as i mention, it's the tech names that are hurting september discretionaries, against -- nasdaq down 1.2% on the segoff in technologies at the top of the hour, any minute [ bell ringing ] >>> a quick look at how we ended on the session the dow, s&p, nasdaq, russell all down, but well off the lows. the biggest loser of the day, alphabet down 2%, apple down, nat dak was down 1.2%. >>> transports down 2% don't go anywhere. apple, alphabet, microsoft, and visa, those are the headliners starbucks and mon

the nasdaq is trailing slightly up 0.3% as well.ut when at the open, pretty much every major average was at a record high. here are some of the other non-robinhood movers this year including traeger. they are surging 28% now and their debut on the nyse. my neighbor used to cook so great on the traeger i miss that. rob, come back and cook for us they opened at 22. the current valuation is at least -- that may have been at the open price of 22 a $3 billion market cap. still much smaller than robinhood. align technology is also doing well today new all-time high and on pace for the best day since february. this is the maker of invisilign. the shares are up 8% also shares of crocs in the green again. they are in their longest monthly winning streak on record 12 consecutive months of gains up 260% during this time $136 stock adding 4% today now to christina for our cnbc news update. >> here's what's happening the biden administration saying it will allow a nationwide ban on evictions to expire saturday. the white house says biden would l

nasdaq was down 152. loss of 197. worst day since may 12th.ce july 19th. that was recently. we have that climbing a 8 1/3%. a little bit of fear in the markets right now but is that the perfect time to bear the fangs again? our "countdown" closer with 50 billion under management says now is your chance. he is john lynch, comerica bank. john, both days, apple, amazon, facebook, netflix and of course google? >> thanks, liz. "fang" stocks are very helpful for investors but i would prefer a fully diversified portfolio. we've seen the fangs lead the last three months. earnings are coming out later this afternoon for many of them. slight overweight for cyclical sectors. i believe those are best positioned next six to 12 months, financials, materials, industrials. half the stocks in each of those sectors are at three-month lows. financials have the benefit of you know, no longer having caps on buybacks or dividends. we see dollar that appears to be peaking that would be better off for the industrials as well. liz: yeah the industrials are a mixed pic

s&p and nasdaq is down.the first time since january, covid-19 cases are rising in all 50 states. people taking money off the table as they head into the weekend. los angeles county even reinstating indoor mask and it regardless of whether you've been vaccinated or not and other cities putting their own policies in place. chicago city is placing arkansas sorry on travel advisory list. let's go to the o'hare airport in chicago with the latest developments. grady. >> people here don't seem to deterred by the uptick in cases you mentioned. there have been a lot of people at o'hare today even though, as you mentioned, arkansas and missouri are on both travel advisory list. these are the first two states on that list in several weeks. there have been no states for quite a while now and people coming from those places into chicago if they are not vaccinated, they are asked to either get a negative covert test within three days arriving in chicago were quarantining ten days upon arrival but the airline industry is e

nasdaq futures are up 53 the nasdaq and the nasdaq 100 posting all-time record highs at the close.e way, we are watching tech again. now technology may be up as bond yields come down remember gouggguggenheim's scott miner's call very contrarian that yields on the 10-year would drop nobody agreed. that call looks like it is holding true right now as the 10-year ticking to its lowest level since late february. we were at that. oil with all of that going on, oil is a little bit higher in the mid to $73 a barrel range. tuesday morning the highest price in six years the world markets are goating that we have a by interview coming up in a few minutes you will hear from salmon and where opec stands right now. >>> there is news and headlines outside of oil including media moguls jetting into sun valley idaho for the annual allen and company conference let's get more on that with seema mody is here what have you got? good morning. >> reporter: brian, good morning. as media moguls gather once again in sun valley, idaho, discovery ceo david sass zaslav said he intends to be a catalyst he spok

the nasdaq, not many energy companies on the nasdaq so the big winner is nvidia, 810 i see this morningm upgraded them and set it is going to 1000 bucks. >> plo said it is worth 1000 bucks, as we head into that after the market stock split, also the acquisition might get approved. the other company saying yes. stuart: i am very sorry. >> what has gotten into stew all of a sudden? no, no. stuart: we have been sitting here for a couple months talking about nvidia and how it constantly goes up. it was around 450. maybe it is going higher still. >> it was 7 years ago. stuart: why didn't you tell me that? >> talking about technology is a hard sell. stuart: roku is up this one, down one and one quarter%. is something going on? >> roku bounced in the aftermarket after hours after we had the new york post reporting apple quietly paid for a button on the roku remote. netflix has one, who has one, disney plus, apple capitulating, roku dominates 40% market share. if you look at subscriber numbers, apple tv plus, some people say they are lagging with 40 million subscriptions. stuart: all i know is

. >> with the vix new lows and the nasdaq 100 approaching a rarely seen inflection point, carter worth guides you through a window of opportunity. >>> then, from windows to floors, charlie zang is looking to play an opportunity in a name we don't cover very often in a very specific sub sector of housing. >>> finally we know you'll probably be on vacation next week, so professor coe is getting you set now because the early bird gets the income it's time to risk less and make more >>> the vix just hit new lows and now the nasdaq is behaving in a way that's only happened a handful of times in history. carter worth explains why that is important right now >> you bet, unusual circumstance indeed, which is to say you can go up two weeks in a row or three. the qqq or the knnasdaq 100 up seven weeks in a row we're going to look at what happens thereafter and why one can say it's not really statistics, it's just data mining the facts are the facts and we're going to look at them together the nasdaq 100 this is weekly bars and what we have now is an assent of seven consecutive weeks. if you look

the dow up 459, nasdaq is higher, s&p higher. all three on track for a record, so you've got to stay and watch that happen if it happens. ♪ ♪ it started with an idea... and became a new tradition. this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire. only 6% of us retail businesses will help you get there as you plan, have a black owner. that needs to change. so, i did something. i created a black business accelerator at amazon. and now we have a program that's dedicated to making tomorrow a better day for black businesses. ♪ ♪ i am tiffany. and this is just the beginning. ♪ ♪ seeing blood when you brush or floss can be a sign of early gum damage. new parodontax active gum repair kills plaque bacteria at the gum line to help keep the gum seal tight. new parodontax active gum repair toothpaste. do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. call coventry direct to learn more. we t

i would say that we've raised one hundred $11 billion on nasdaq for companies that came to nasdaq inalf of this year, but still the number of companies on file to go public is as high as it has been in the last six months. >> are some of the company's not going to be chinese companies after the crackdown on foreign listings? >> over the last couple of years we've seen a high number of companies from china coming in tapping the public markets. the new rules in china now make it so that they have to seek approval before they come to the u.s. markets. that is likely to have some impact in the short term as they are developing those criteria in helping the chinese companies to understand what they are looking for before they come to the u.s. market. we continue to have very active dialogue with chinese companies, expecting them to come to the u.s. markets in the second half of the year. caroline: they are talking about private market access for investors. there's another way to talk about this. we have a listers in the first round. the fidelity for millennials. joe, it's about actively m

nice run on the nasdaq as well. the nasdaq 100 back to an all-time high.me high, a record on the s&p 500, around the open if we keep this up as well. advancing 0.4%. the rustle up by 0.6%. the debate right now, we are at a little bit of an inflection point going into the back end of this year. waiting for that data around the september-october period, when the additional ui expires, and back to school is set to take place. will it take place? that is what i mean by this pivotal moment. so where do you want to be right now, the nasdaq or the russell? stuart kaiser of ubs is going with the nasdaq into that one. speaking of the unknown, i think this is a perfect way of capturing it. 29.03 -- 2903 at the close last week. all on no data, no speak, just the market. that just speaks to the uncertainty in this market right now. if you can have a range that wide with no real catalyst, that tells me a lot. tom: let's admit, we had a growth scare. jonathan: do you think we are still in one? tom: no. jonathan: what triggered the growth scare outside of the price move

it was not such a great day for nasdaq. they were in the green. let count that as a win, -- let us count that as a win, caroline. caroline: bitcoin rebounding today after elon musk, jack dorsey and kathy would disgusted. >> and believe that bitcoin will be much more environmentally friendly. certainly more than traditional gold-mining. in many ways, it already is. >> what about twitter advertisers paying in crypto? any form of payment they want to use, absolutely. i am more focused on how we create economic incentives without having to rely on it. >> the lineup has everyone talking across social media. music to your ears offering bitcoin payments and the like. what does today's panel mean to you? what is currently the mood music around coin to you? -- bitcoin to you? >> i think we are having some technical difficulties. we will be getting other bit more from him in a minute. we will redial. next, we will be g -- we will be joined by brett taylor. this is bloomberg. ♪ >> salesforce has announced it finally completed its acquisition of slack. the bu

take a look, the dow, the s&p and the nasdaq aim for new record highs. the dow needs 144 points for its first record since may the 7th. it is awfully close. just below that right now. the s&p 500 looking at its seventh straight all-time high, and the nasdaq eyeing its 20th record of the year, 2021. most of the markets up two-thirds of 1%. they're spurred by the addition of 850,000 jobs in the month of june. denny's hoping to add to that number. the ceo, john miller, here to tell us how his america's diner hiring tour is going. and microsoft 365's largest solutions provider went public today. we're twinge to talk to -- going to talk to its ceo about the big day and how surviving 9/11 in the twin towers drove his success. plus, yes, america's birthday is nearly here. the phantom fireworks ceo joins us in a fox business exclusive to tell us how sales are exploding post-pandemic. markets rallying to new record highs thanks to that better than expected june jobs report. the u.s. economy adding 850,000 jobs to payrolls in june, far surpassing the 700,000 that

robin hood has filed for an ipo on the nasdaq.ome the first space launch company traded following a merger. joining us now is chris camp. chris. the first thing i think of is the competition has to be intense. what is it like and how do you deal going up against elon musk and jeff bezos. these are two of the richest men in the world. you are backed by one of the world richest men. >> astra is only the third company that has mistreated the ability to get the space. spacex and brocket lab are the other two. merge in orbit -- androcket lab are the other two. we are building a very small rocket produced in very large quantity like a car factory in california that will be able to launch and produce a rocket. we are betting on a mass reduction and a scale that is beyond these others that are focused on putting other very large rockets and going to other planets. i think there's a big difference between those two approaches. matt: what is the payload that you are looking at? i think spacex has a maximum payload of 800 -- 830 kilograms. i

the nasdaq decline is down 174 points.ally for amazon which is down $260 per share. it is in the new york times, the cdc internal report calls delta variant as contagious as chickenpox. louisiana republican joins us now. the headline claims infections and vaccinated people may be as transmissible as in unvaccinated and the delta variant leads to more severe illness. should we be masking up again? >> it could be as our keywords in them. a subset of people vaccinated are at risk of transmitting to others. one%, the risk is less likely or 15% in which case it is more likely. show us the data, let us see the evidence and there will be more confidence in what the cdc is saying. stuart: it appears we will get the full data later today. they've seen this report and put out a short report on their front page. this implies that it is a serious delta threat. >> the physician whose written papers from vaccines, before i do that, a beat reporter from the new york times, don't mean to offend them but it needs to be judged by folks who

pre-open, nasdaqs through the roof, two hours later, nasdaq is cratering, why is it?. we're running out of leadership categories, right? for a while now, we were just relying on the trillion dollar club, those big names that grow we feel comfortable with, today a lot of news including that of there are at least 70 anti-trust probes on apple, amazon, google, facebook so david let me go back to you. would you still be a buyer of these particularly on any kind of weakness associated with this >> no question i'm a buyer and if you listen to our friend keith, he's always talking about buying the best, forget the rest we're all about buying quality, and i think quality will win out in the end, but i think with the nasdaq you can be patient there's technical levels having a hard time breaking above 14.9 we saw this back in april couldn't break above 14 if you're patient you might have better buying opportunity, we're still buying quality right now, charles. charles: keith same question to you but i'd also add separately, these chinese tech stocks are up-to-date. cathie wood

nasdaq up .20% we are eight-week highs for the nasdaq 100 we're back after this. 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. this is dr. arnold t. petsworth, he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he needed more space. that's when dr. petsworth turned to his american express business card, which offers spending potential that's built for his changing business needs. he used his card to furnish a new exam room and everyone was happy. get the card built for business. by american express. i'm evie's best camper badge. but even i'm not as memorable as eating turkey

nasdaq, amazon up 2%, apple among the nasdaq winners, up more than one% at 144 on apple.sident biden canceled that project on day one of his administration. edward lawrence has the story. what is the latest? >> reporter: the latest is it, could cost $15 billion. the company behind the keystone pipeline wanting to receive damages for having the permit revoked, damages up to $50 billion. they say they will file a claim under the enforcement of chapter 11 under the usmc a. the white house pointing out to the state department for any comments related to this, have not heard from the state department as of yet. people supporting the keystone pipeline say the demand for oil will go through the roof and without a pipeline the price of gas would increase as our reliance on opec and bringing oil from outside would increase. opponents a pipeline argue it could damage the environment and there were enough pipelines to handle the demand for oil. the oil industry in canada growing which is more relied has more pockets have been opening up for drilling. according to a study from the st

the nasdaq coming off a 1.2% decline. this as the fed prepares to issue its latest policy decision at 2 p.m. today. no announcement in terms of a rate hike. focus is on talk of a potential taper. the fed may have to take a back seat earnings continues to roll on. results from apple, alphabet and microsoft after the close yesterday. those results at least giving the impression demand for digital services and gadgets is showing no signs of slowing down the three tech giants raking in a combined after tech profit $59.8 billion. we turn our attention over to the early trade in europe. our juliana tattlebaum is standing by. >> european equities off to a strong start this comes after losses yesterday. the main benchmark dropped 0.5%. it had been gaining ground the positive momentum continuing into today's session earnings fully in focus. we have a number of earnings across sectors reporting and pretty decent share price moves on the back of share point results. let me run through results barclays and profits at barclays almost

the nasdaq is up about -- sorry, cnbc disrupter 50 index is up 75%, the nasdaq is up about 42%.e renaissance ipo etf, up 60% in that same time period. the disrupter 50 index is up 75%. so now there are 12 more companies in the pipeline that could be added to the index as soon as next quarter there are three pending ipos, duolingo, washy parker and robinhood, a direct listing and se seven spac deals in the works as well you can get a closer look at disrupter 50 companies, both old and new in our new disrupter 50 newsletter, go sign up at c cnbc.com/newsletter. interesting to see if this next round of companies, the ten added today, will continue to outperform as the last batch has. >> julia, fascinating work and definitely this week when we had three disrupters go public on the same day, that is julia boorstin we'll take a break here. when we come back, more on apple and the investments the company is making in its physical office space. >>> zip recruiter, barclays initiates overweight, price target of $30. the ahead of a wave of hiring perhaps this september for all the biggest

nasdaq is retreating here. seeing some red.ter a strong run just yesterday the index actually closing at an all thyme. big names on the move by amazon slipping in today's trade. amazon closing at an all time high just yesterday. same with apple dropping this morning after what's been a strong month the iphone maker heading in to a new iphone launch alphabet as well group of states announce that antitrust case against the company focusing on the play store. the chips, smh under some pressure not a great week southeast worst performers today. smh did hit that all time high on june 30th back to you. >>> josh lipton, thank you now still to come, exclusive with the ceo of take-two, strauss zelnick. it's lower this year we're back after this break. 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-x everything. like... uh... these salads. or these sandwiches... ten-x does

lower for the s&p and the dow, the nasdaq just climbing back into positive territory.r the three major averages would be a record close. shares of ridesharing company didi plunging after china has a cybersecurity review >>> we'll be right back. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. hey, dad! hey, son! no dad, it's a video call. you got to move the phone in front of you like..like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most and $0 commissions for online u.s. listed stocks. don't g

the nasdaq says it all, big tech piling the gains of the two days higher and deeper, nasdaq gaining close to half a percent right now. if you add up the nasdaq's, let's say is, 59-point move right now to yesterday's 1 is 33 points -- 133 points and tuesday's 223-point spike, you're looking at nearly 400 points in the bull column. while tech soars, casino if stocks are coming up snake eyes after nevada's gaming control board announced clark county, which includes las vegas, has mandated that employees again must wear masks while in crowded indoor spaces. this includes all casino operators. you've got mgm down a percent but las vegas sands losing 4.25%, caesars down just over 1%. one of the triggers, a surge in las vegas area covid cases. nevada's entire state case count grew by 2067 over the weekend but a full 1,097 ofrtedly consig all americans to start wearing masks again in more settings, but just a short while ago deferred to the cdc which today reiterated its masking guidance has not changed yet. >> if you are not vaccinated, please take the delta variant seriously. this virus has no

jonathan: apple, 11.4% of the nasdaq 100. microsoft about 10% of the nasdaq 100. alphabet, a little more than 4%. tom: all those worries that lisa mentioned, but what they will really address is the complete total dominance of what is out there. you talk to the experts and they say maybe the regulations or this or that but the fact is everybody got this call wrong in january and february of this year, a major shot from credit suisse. jonathan: we will catch up a little bit later. -- joins us now, morgan stanley investment head of fixed income. allow me to start with bloomberg intelligence. they wrote back in may, quote, the fed owns a quarter of the tips market up from 10% at the end of 2019. brian, can you help us understand when people come on the program and talk about record low yields, how big is the role of the fed in this story? brian: they definitely help. they stay away from the tips market because the tips market is not that big. it is very easily moved. i think if you think about average inflation targeting, what does the fed tell you to do? we should o

those three names alone, almost 1/4 of the nasdaq 100.of the issues after the bell a little bit later. twos, tens, and 30's. the view from morgan stanley, if we get passage of an infrastructure package, we could get to 1.80% by year end. yields in by two or three basis points. it feels like a lifetime away, tom. we've got four or five months to get it done. tom: exactly. jonathan: on 30's, yields in by two or three basis points. here's the final one, china. this is where i want to sit for a moment. let's work through it together. dollar china, dollar-yuan, just a little bit of weakness this morning on the chinese currency side of things. if you are going to start to worry about a regulatory issue becoming an economic growth one and a transmission meccas and -- transmission mechanism to bleed out, you've got to start looking at what happens with the chinese currency. it is such a small move so far after a monster move of chinese currency strength over the last year. but if that broader de-risking starts to emerge, you would expect to see i

the nasdaq, seeing the selloff in big tech, down one.7%, 250 points, 14,417 on the nasdaq.y out. apple down, microsoft, alphabet, amazon, facebook also down around one% or more. we mentioned the financials. the big banks all down one%, 2%, bank of america down another 2 and a quarter%, that was at 41, seems like just a week ago. these big financials taking a hit across the board and how about the cruise lines? more red down as the delta variant causing new concerns for the travel rebounds, any of the rebound economic names suffering today because of the delta variant concern, carnival down 3%, royal caribbean also down 2%. how are the airlines doing amid this threat to the delta variant? >> red arrows across the board. when you have a state of emergency declared in tokyo because of worries of the spread of the variant and the number of covid cases on the rise, the city of the olympics, investors should get nervous that the travel rebounds is stalled. you can get on a flight from new york to miami with no problem but can't go new york to europe as easily and not as many peop

nasdaq had a fantastic run. mark -- small caps are starting to lag, do you want to lean the other way? anthony: you want to lean into cyclicals around the notion that the tenure will be moving higher. you want to lean into stocks and specific companies that are going to be economically sensitive and will show that they can increase productivity and that they can pass on pricing to the consumer because of their brand, pricing power, etc.. it is not sector by sector, it is company by company. you will find that there are companies, even in the sectors we do not favor, like consumer staples that do really well in this environment because of their ability to execute their franchise and this can happen across the entire economy and we do not want to underweight technology, we want to be market weight technology. when you look at metrics like price to revenue, you are at levels higher than the tech bubble 20 years ago. so, you do not want to be too ambitious with technology and underweight it. you cannot underweight t

now, remember, the nasdaq is up 1.8%, the s&p is up 1.6% blackberry, goveramestop. they wax and wane just because they get reset lower doesn't mean game over, but it does show they're uncorrelated and in fact do better when the huge stocks are not actually on a good run we'll see if it gets swapped back and forth guys >> thanks so much for that, up 0.6% on the s&p with just under an hour left let's bring in art cashin, good afternoon to you, art. great to see you, as always. >> and my honor to be with you guys >> so talk us through what you make, first of all, of that number this morning and whether you're surprised about the market reaction. >> well, let's go backwards. first of all, the market came in with a mild advantage this morning. the friday before a three-day weekend, has a 65% bias to the up side. secondarily, the first two to three weeks of july -- and july is one of the favorable months of the year, not be the amount, but the frequency with which it turns out to be up so the first two to three weeks have a bias, not quite as strong as the three-day weeke

nasdaq futures moving to the downside, down by 1.3%. european stocks futures a little bit weaker too, down by 0.8%. to underline the point about china, we continue to be worried about the chinese clamped down's. that is weighing on the asia-pacific section, where we are seeing markets down by just over 1%. let's get into a conversation about what is driving these markets with our next guest. joining us is simon quijano evans. he joins us bright and early this morning on "daybreak: europe." let's think about what we have learned this week my and one of the big themes has been data out of the u.s.. one of my colleagues yesterday was saying the slight weakness we are seeing in some of the data come the gdp numbers, the jobless claims, perhaps we are back to thinking about the weakness in the data as a good thing for risk assets because maybe it means central banks can be more generous for longer. how do you assess the data we have had for the u.s. this week? guest: that is a very good point. i think essentially what we are seeing is it is

let's look at the nasdaq , big tech stocks with the nasdaq and down again one and a quarter precent on0, a loss of 187 points as you see with the dow jones down 480 points per your talking about big tad, let's look at big tech, all down, and some modestly sub- alphabet, microsoft and apple in particular with apple off more than 100. let's look at zoom, if we can as they are buying 59. zoom down and five-nine up. what's the deal worth? lauren: $14.7 billion, zoom's biggest deal ever and the second largest tech a deal this year end as workers start to go back to the office zoom has to look beyond video chat. they will use five-nine call center technology to reimagine and simplify way businesses interact with their customers. ashley: interesting. 14 billion is a lot. let's check cruise lines if we can with these recoveries getting hit hard because of the fear of more covid cases and that is certainly the case with the crews lines and by the ways the u.s. appeals court sided with the cdc and put on hold a lower court decision that said the cdc could not enforce its covid cruise ship every

look at the russel up 7 points, the nasdaq up just half a point.ugh for a record close if it can stay there. ♪ limu emu & doug ♪ oh! are you using liberty mutual's coverage customizer tool? sorry? well, since you asked. it finds discounts and policy recommendations, so you only pay for what you need. limu, you're an animal! who's got the bird legs now? only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. hooh. that spin class was brutal. well you can try using the buick's massaging seat. oohh yeah, that's nice. can i use apple carplay to put some music on? sure, it's wireless. pick something we all like. ok. hold on. what

it'll be on the nasdaq.g app's initial public if offering which could value the company at a cool $20 billion. charlie gasparino's been way out in front on the ipo news. i am dying know what's in this s1. and you know during his annual shareholder meeting, warren buffett said he couldn't wait to see it either. what's in there? >> well, it's not exactly a dimestore novel -- liz: playboy? is it as good as playboy? [laughter] >> you're looking to get me in trouble, aren't you? if you're into financing, remember, a couple days ago we did a story about the settlement that robinhood agreed to with the financial industry regulatory association, finra, and we said it did so because it was planning its ipo, and it didn't want to put in what's known as the s1, the prospectus. they settled it, and out comes the prospectus, so we were pretty much on the news with that, liz. it's really fascinating stuff, and it's hard to summarize in just a few minutes. i'll give you some of the highlights or low lights. robinhood says

we are still waiting for nasdaq -- for robinhood to start trading on the nasdaq.p with "balance of power," david giblin will be joining lisa abramowicz. i will be going to the cable show. not miss me in london. dab digital radio. this is bloomberg. ♪ and there you have it - wireless on the fastest, most reliable network. wow! big deal! we get unlimited for just $30 bucks. i get that too and mine has 5g included. impressive. impressive is saving four hundred bucks a year. four bucks? that's tough to beat. relax people, my wireless is crushing it. okay, that's because you all have xfinity mobile. it's wireless so good, it keeps one upping itself. (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) and you're stretching your lower back on there. there is no better feeling. (announcer) do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me. it works, 100%. (a

nasdaq lost 151. it is up 240. russell yesterday lost 32. it is up 64. tranies up 283.ate some new buying opportunities in the market. joining us george young, portfolio manager of theville lori balanced fund. you have two names. they're in the digital space but not entirely the best known or hottest space. >> that is what we like. names people don't know that will be a big winners going forward. p.j. a, that is the digital exchange business. post-covid we don't use cash. stay away from cash. that is good opportunity for paya. they have 17,000 merchants they work with. they're well-known in the space they want to be in. it's a huge addressable market. so a lot of opportunity. the other one you want to pay attention to is ehealth. as an aging senior, there are 11,000 americans turning 65. talk about a huge market. figure out how to penetrate that. they have got seniors who depend on advertising coming from every different direction. complicated business but everybody needs medicare supplements. that is the thing for ehealth. liz: the key for the markets broader picture,

the nasdaq is negative, down 22. year for stocks, the major averages posted double digit gains in the first half with dow industrials up 13%, nasdaq up 12 and-a-half percent and the s&p 500 higher by 14 and-a-half percent. this morning european markets are higher. it was a mixed story the last time we checked. but we do see most of the indices higher. the ft 100 up 42, cac up 5 points, dax index is well off the lows of the morning, it is now unchanged, exactly where it closed yesterday. in asia overnight, red across the board, take a look at the indices overnight where the worst performer was hong kong, hang seng index down two-thirds of 1%. one california city making a radical move to combat gun violence. cheryl casone with those details right now, cheryl. cheryl: this is really interesting, maria. good morning again. officials in san jose have passed a law requiring gun owners to pay a fee to cover taxpayers' costs associated with gun violence. this is the nation's first law of its kind. officials have not said how

okay, nasdaq now down four points but the s&p, any gain will be a new record.ed to see a gain what did i say, brad? must be up eight points. we're there. it needs to be up eight or nine points. it is up 12. let's not ignore the russell 2000. the russell 2000 has struggled the past 48 hours. heading into the close we're looking small mid-caps off the low of the session. that is the second day in a row we're seeing more than 1% drop or at least around there. the russell 2-k is the best performing average over the last year. it has jumped more than 60%. our "countdown" closer said he ain't giving up on small caps yet. he is of course craig hodges of hodges fund. what are the your three favorite names in the russell? >> the three favorite names, my favorite name is in the cement business, eagle materials. there is a major, major shortage of cement. we haven't produced any new production it like 20 years. there are big shortages. eagle, is also a wallboard producer. all the building you hear going on, eagle will be a big beneficiary of that. i like builders first so

today we have 1.5% gains across the board including the nasdaq and s&p 500.oldings raised full year earnings and revenue guidance. health care demand has improved even as the pandemic continues 48% for hca. and stifel for more on the call and other top calls of the day go over to cnbc.com/pro now we go over to rahel solomon for a cnbc update. >> hi, kelly here's what's happening at this hour federal banking regulators are working to regulate rules that go over hundreds of billions of loans. the changes to the community reinvestment act could be changed as of today. marjorie taylor green said her 12 hour suspension from twitter is a communist style attack on free speech. it posted false claims that vaccines are killing people. >>> the phone of french president emmanuel macron was targeted in the pegasus spyware case and as many as 200 americans reporting symptoms associated with the so called havana syndrome linked to possible attacks on u.s. embassies around the world. recent cases go to berlin and vienna >>> tonight on "the news," what types of attacks are t

a partner joining us from the nasdaq.t you have been an observer on the board for this journey, talk to us about how far they have come. it has been a long road with ups and downs. >> like any company, from the early creation to this monumental milestone, there will be a lot of ups and downs. especially in the industry we are in, there will be even more high highs and the lows can be pretty tough. overall, it is an incredible team with an important mission. it has been a wild ride, but incredibly rewarding. emily: i know it is still a $30 billion company, but shares priced at the low end of the range and sell below that ipo price, is there any level of disappointment here that it was a more muted debut? vanessa: no, i think a $30 billion valuation is a great start for the company. i am very excited about the prospects of everything we have coming down the pipe in the next few years. it's one day. it's just a moment in time. i think the future is exciting and i continue to be excited about the company. you talked a lot wit

let's look at nasdaq, the tech heavy nasdaq, tech stocks are moving lower but overall the nasdaq slightlybank of america up 2% at $39.66 back to the $40 level. it is truly above one% or more. look at general motors, they predicted the stock, jumping 50%. gm up, 5851. it is a tech company these days. and futures got hit badly with concerns about the economic recovery. >> short pull back. these stocks up today, they had a tough month down 10% and early july. web bushes and glowing about them because price target, they gave norwegian a 35 price target, carnival gets 27. up from where it is. royal caribbean gets 110. ashley: that is impressive. don't want a cruise but just fly to the destination. >> airlines are bouncing back, yesterday afternoon american had a green arrow. struggling yesterday because of the variants. we are not concerned about the variants today so the reopening is strong, you see the domestic players, spirit and southwest up one.5% and the guys that go overseas, nice day for travel stocks. ashley: let's look at tesla. they are close to producing the first patent in two yea

the nasdaq up 0.6% up 91 points.elosi's husband paul oc placed a $6 billion tech on big tech, that was ahead of the house committee antitrust bills, he spent 250,$000 on 50 apple calls, 1 million on 20 amazon calls, 4.8 million on 4000 shares of alphabets. that is what paul oc is up to. >> don't know how we can allow that. not the first time he has come in with trades on companies in the mainstream news flow in the middle of the political crosshairs and not only did he bet on big tech blocks call options to magnify and leverage his returns. he didn't just buy the stock. he's always buying long dated calls and the only reason you do that is if you know something is going to happen or you have extraordinarily high conviction. let's not forget nancy pelosi voted down the blind trust proposal possibly so her hubby can make money off a political knowledge, nothing new out of nancy pelosi's husband. ashley: the optics as they say don't look good. thank you very much. let's look at big tech as we are getting into it. apple,

s&p 500 down a third of 1% now up 0.1%, nasdaq down 0.7%. >>> that's the worst day for the nasdaq int about a month, june 16th. >>> welcome back to closing bell i'm sara eisen with wilfred frost and mike santoli look at how we finished the day on wall street dow only one with a gain and only a little more than .1 of 1% sales force, j&j and boeing were the biggest drags. the s&p, near record highs minor pullbacks, but it was led by energy, technology, consumer, utility stams and industrials were the outperformers big tech got hit today on nasdaq amazon, apple, microsoft google all closed lower the russell 2000 continues its recent weakness down about .5% is about 8% off recent highs >>> coming up this hour a first on cnbc interview with treasury secretary janet yellen on everything she just got back from g-20 you don't want to miss a moment of it it's coming in a few minutes first up, stephanie is still with us. mike, i'll send it to you. an odd day you saw this drop in treasury yields, technology underperformed i guess it makes sense utilities and staples were up there but industrial

nasdaq nice gain.with facebook going to provide exclusive content, messages from the bishop, all for a monthly fee. look who is here back with us, jonathan morris former catholic priest. great to see you again. my question is this, if you charge 10 bucks for the religious experience who gets the money, is it the church or facebook? >> what people are doing right now as they listen to this news, first of all i don't trust facebook to begin with. the censorship, i don't want to get them involved in my religion. i'm cautiously optimistic about this partnership. the money issue is not made public who gets all of that. i remain cautiously optimistic about this opportunity. i use facebook live, for years i continue to do so to talk about sunday's gospel. especially people not going to the church on their own during the pandemic and even now. i appear cautiously optimistic because of the censorship issue, because it is easier to go to church virtually. we're getting lazy as a society even in business. people

the nasdaq closed at a 52-week high. it is 1080th time it has done this since 1984.lly on those record-setting days half the stocks on the exchange advance. well yesterday only 31% of those stocks were up. that was the lowest out of all 180 days. more over yesterday saw the lowest percentage of nasdaq components moving above the key moving averages for a record-setting session. will these trillion dollar market leaders continue to bring the rest of the market along for the ride? we have wheelhouse cio, phil blancato and kaltbaum capital management gary kaltbaum. gary, let me start with you. you've been constructive on growth every time you've been on. is the coast clear for amazon and apple? what about the rest? >> i think it can be about amazon and apple. charles, i'm looking back to going back to basics. i'm looking at the real blue chip names, growth oriented without necessarily being pure growth names. i'm looking at things like paypal and walmart which isn't a growth stock but it is doing growth think things. microsoft, paying dividends or go out to make transfo