the nyse closed in march of last year but it reopened in may. most of the nyse staff, as well as a good part of the trading floor have continued to work from home. but now, like much of the country, the nyse is just starting to call people back to work starting today, the nyse is adjusting its covid protocol, and will allow more people on to its trading floor. members of the floor community have been fully vaccinated will be exempt from certain restrictions including a random testing program. they will also be allowed to remove face masks so they must continue to maintain social distancing that of course is six feet or more and if 100% of a trading firm's floor-based staff had been fully vaccinated, the firm will be permitted to bring them back fully staffed. media organizations, including us, will also be permitted on the trading floor, everyone will still be required to wear a mask when walking around the floor. now i am in my own booth, here on the floor, and so i don't have to wear a mask because we have our own little situation here, our ow

book are going public on the nyse.d: investors have come to expect extraordinarily high growth from the companies they do deal with -- do deals with. technology -- we're are talking about it being in wristwatches, but i wonder, going forward, what are there? one of the markets will this company play into -- what other markets will this company play into? andrew: in the consumer market, we enable people to get better insight into health and illness. we look at their diets, and how the foods they eat affect them, exercise, rest, recovery, etc. beyond that, we are working on a profound impact on health care in general. so our mission ultimately is to have this technology clinically approved and used in, you know, clinical, medical applications, and so there you are looking at the technology delivering predictive analytics and proving disease prevention, detection, detection of diseases, better management, providing helpful trends, alerts and advice in a medical context. all of this will lead to better patient outcomes, re

. >> good do see you at the nyse what is it like on the floor there? >> i felt the moment was right it is like the rest of the country. slowly reopening but trickles. people coming in, some people not comfortable with the subway or issues at home and some people aren't entirely vaccinated and representative of the country as a whole. >> reassuring to see you back in the seat thank you. >> thank you. >>> mask mandates lifting temperatures rising. americans could spend more on services less so on goods. steve lies mans has a closer look at the shift. steve? >> yeah. the official data does a lousy part to track it but the alternative is alternative data to track what's happening in the economy. the cnbc road back barometer shows the turn of services but slowly box office spending is 89% pre-covid levels pro sports spending is surging but down 53% from before the pandemic passenger airline traffic is coming back. it is down 37% but that's a 5-point improvement from april this data is not captured in the retail sales report. spending at bars up 3% last week

the nyse taking more steps to get more people back to the floor.accinated workers can return changes go into effect on monday we will see if the workers do, too. dow futures off 11 we're back after this. these days you have to keep everything moving and reinvent the wheel. with a hybrid, you can do both. that's why manufacturers are going hybrid with ibm. with watson on a hybrid cloud factories can use ai to automate the little things so they can focus on the next big thing. businesses that want to innovate at scale are going with a smarter hybrid cloud using the technology and expertise of ibm. >>> welcome back it is time for the daily covid vaccination update as of yesterday, more than 40% of the adult population in the united states is fully vaccinated 56% of us have received at least one dose covid cases and hospitalizations are crashing across the country. even hard hit michigan has seen a big drop lately. good news. there is one thing to be concerned about right now. the pace of vaccinations is beginning to slow dramatically according to morg

we have returned to the nyse john will be joined by doug yones.on where the money is going in the etf business in 2021 etf edge halftime back after this ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ i wish that i knew what i know now ♪ ♪ when i was younger ♪ you need a financial plan that fits the way you want to live in retirement. a plan that can help grow and protect your money. now or in the future. with an annuity in your plan to help cover essential expenses, you can live the retirement you want. the right financial professional can show you how. this is what an annuity can do. ♪ ♪ when traders tell us how to make thinkorswim even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders—they're made by them. thinkorswim trading. from td ameritrade. >>> what do you havefor unusua today? >> you remember when everything was all about onlin

expect we'll continue to experience ongoing tightness in our supply chain dave schul joins us from the nyse where he'll ring the closing bell welcome. congratulations on the rebranding to polyand don't mess it up when you ring that bell today. >> i'll hit it right on time >> your latest quarterly numbers were good. but what the market apparently didn't like were your candid comments that you were still going to find some supply chain c constrainted that could impact revenue. walk us through that what are the hairballs in the supply chain, and how much revenue do you think will be affected >> what we indicated is that would have the supply chain constraints we would have grown quarter over quarter we did 478, 480 roughly in the past quarter and indicates to have growth. we have indicated that we are expecting double digit growth over a couple of years so demand is very healthy. the newest video products grew 700% there's massive demand people think of how to build the 50 million conference rooms to go back to the office, 10% of the conference rooms have video so what the supply chain shortag

. >> thank you >> there's the opening bell, guys at the nyse and the nasdaq i think the nyse, it's dropening bell, having said that we should declare a short-term victory, jim, over covid, and the president will make some comments in virginia today over exactly that, declining cases were down 91%, in case, from the january peak, and we've got half of all americans with at least one dose, jim, 165 million americans. >> i thought that gottlieb today, whom i regard as being the premiere person and i wish he ran this for our government, gave us the freedom to be able to have a great time this week, don't go crazy, obviously, and governor murphy basically said take your masks off inside, i think that's great and it's, we're back, we're absolutely back. and i think that i detected, from dr. gottlieb, that it's time, david, that it's time that we just say resume your life >> he has been a consistent voice of reason. and always, advising caution when it was warned and then realizing that too much caution can also have an impact. >> and he was not happy with - >> as opposed to the cdc, which s

'20s it's the most fighting place on earth right now. >> it is rocking and we will be back at the nyse to take the subway home at 11:30 at night because i couldn't get a cab. >> the f train >> you know what, it took nine minutes. so sometimes it works really well. >> i'm sorry to be such an evangelist for new york, but i can't recall when i've seen it this exciting. i went to a bar last night, i had to go look at it - >> and you got your places back open. >> you can't even get a reservation at places. it was like i was worried that it would just be like me with a sandwich board on. shop at jim's. >> let's get back to stocks this morning. let's finish the conversation we were having about which we've had many times playing off of what jonas was saying, we have made it clear many of these are speculative company, the ones who have come public through spac in particular, projections on '26 revenues and multiples and many to be fair have come down dramatically. >> yes >> the one we go to so often, and even cciv, squaunquantumsca have come down, flying cars, have come down dramatically. >>

. >> yes >> jpmorgan -- >> the nyse and nasdaq, that's going to be what to watch here, jim, as we get the opening breadth. nasdaq of course down 4% for the month. although we did erase that 2.2% deficit at the open yesterday, jim. i wonder what you made of that >> i thought it was, there was a lot of woodstock buying and those were the stocks that turned, this is for those who are unyinitiated, that's cathie wood ark stock, and if you want to know what to do, take those off the screen and watch tesla tesla led the rally and on the other side, it was octobera and ring center, and two of the highest value and crowdstrike and servicenow, after the excellent interview with bill mcdermott, servicenow rallied very big faang can't get any traction and the reason that faang can't get any attraction is because they're expensive or inexpensive. and amazon had a great day yesterday. amazon had a great day and because of it, we get a price target boost that's another time-honored thing that analysts do well, amazon, they're going to boost the target why, because the stock is up circular reasoning

. >> it's only ten stocks in this nyse fank plus index you mentioned the three of them, throw up baidu and alibaba, netflix, there's your index on this stock on an equal weight basis. they all contribute more or less to the overall sentiment in this particular index but that fang plus index is up 4% it's still underperforming technology overall which is up about 7% on a year-to-date basis and the spider s&p 500 up about 12% on a year-to-date basis. again, fame plus underperforming those ten stocks that are more heavily traded technologyish type names if you look at the weak side of things, take a look at some of those moves we are seeing elsewhere in this echo system and market those particular stocks, tesla, twitter and nvidia, over the past week, it's been these stocks, tesla up 7%, twitterer up 6.5%, and nvidia up 4.5% that have been driving a lot of those gains so far this week so they're the ones responsible for it if you take a look at some of the stocks that have been doing so. >> a year and away basis, we're talking about google parent company alphabet up 36%. facebook up about

i just think this is the american dream, and not so much of, you know, necessarily to be here at nyseo really , this is about our healthcare professionals and to show the world healthcare professionals are so important because without them, we are nobody, not fight, amc i am more than excited to be here. liz: could not agree with you more, my dad was a surgeon. i've so many doctors in my family. we're so grateful to all of the nurses and all the orderlies , everybody, but let me get to what makes you guys special. you've got sort of more fashionable scrub, you've got jogger scrub, you've got the skinny version, we can show some of these on the air. you have the ones that are cargo , which is i'm thinking i know i'm not a doctor but i think i'd need those , you also have some under scrub clothing that almost looks like workout stuff. give me a sense of how you see yourselves compared to the competition and i guess the competition be , you know, some of those names out there whether it's cintas or listen i know there's stich lab la. i know those guys. they are more fashionable with fanc

the nyse and nasdaq cite cyber attacks as a major risk, why banks have some of the most rebust systems pipelines and other aging physical infrastructure. president biden signed and executive order wednesday to better protect the nation from these attacks, it requires higher security standards for software used by the u.s. government including additional encryption. now, the order only applies to federal contractors, right? but officials hope the government's vast purchasing power will spur other companies to follow suit and protect themselves. >>> has the gop opened pandora's box on elections? that's the question hanging over the party after house members ousted congresswoman liz cheney from their leadership for telling the truth about the big lie. she easily survived a leadership change earlier this year but now out of a job. she says current leader kevin mccarthy isn't stepping up. >> i think that he is not leading with principle right now and i think that it is -- it's sad and i think it's dangerous. >> are you the leader of the opposition in exile right now in the republican party?

nyse even telling jordan bell on the bench in the third quarter, like i missed this. been almost two years since the final is that we're here in a game that had those type of consequences, and that's what you live for us. what you worked so hard for it. it brings out the best in you and tells you competitors, the energy and all that. oh i love it. about the winner of this game advances into the number eight spot in the playoffs for best of seven against the number one seed, the utah jazz. the loser is finished for the season. and you know we got spoiled because this became the expectation for five straight years long runs in the playoffs and playoff runs two years prior to that. so it's great to have that feel again and have these guys have that kind of experience and that's what they're playing for tonight, reporting live from chase center in san francisco, joe fonzi back two guys in the studio. all right, well, i for one, believe they could do it, joe. i appreciate the report. all right, well, moving on taking a trip back in time studying prehistoric california afte

. >>> plus, nyse president stacy cunningham on the big board's big reopening plans.box" begins right now >>> good morning welcome back to "squawk box" right here on cnbc i'm andrew ross sorkin along with becky quick and joe kernen this friday morning. u.s. equity futures looks like we'll open up higher dow up 78 points nasdaq up 33 points. s&p 500 up about 9 points but all of that could change because today is jobs friday we'll be getting that big number at 8:30. we'll see what that does to the marketplace. in the meantime, a couple of big headlines to bring you peloton saying the just announced recall of those treadmills will cost $165 million. it lowered its profit and sales forecast for the years as tread mills remain off the market. peloton said they had a smaller than expected loss they're saying they're going to upgrade the software to put a password in. it's made us to think maybe we should keep it and wait until that upgrade would happen. maybe it will be good for peloton and us. >>> the federal reserve saying prices for assets such as stock could be, quote,

again today feels pretty good on the index level, but a bit lackluster and barely positive on the nysen you look at the volume profiles as well on the indices, tha they're indicative of more -- >> let me ask you this out of technical speak, if you will what does that mean? how much more selling needs to happen in the nasdaq 100 before you start looking at it and saying, you know what? i think we are actually at least close to, if not bottomed at least close? >> well, it is always hard to give absolute percentages until you are there. you know, typically we like to see the action and see what the internals look like, what some of the sentiment figures look like but, you know, i think the 200-day test, you guys have been talking about that earlier i think that certainly makes sense. you know, as far as the s&p, we've kind of had that 3950 level as a downside target we get getting close to 4,000 and then bouncing, but we think ultimately you will get some sort of shakeout that gives you a bigger indication. you know, you are talking about crypto yesterday you know, that certainly felt lik

. >> all right >> quick look at the -- nyse and nasdaq the national average gas buddy says 2.97 doct$2.97s the highe 2019 how do you sustain economic growth >> so far, this market is made up of the stocks of a lot of strong companies the new york stock exchange. the nasa has got some real weakness and lot of companies have pricing power. now we may not want to pay it but others will. and i think when i look at a dow chemical downgraded today by goldman basically saying listen its going too far. i can make that case i can also see so many of the big technology companies have gone too far low i can make that case but it's perilous to make it at this very moment and i understand carl there's not been demand destruction yet. and you can tell that because they are still building and selling houses and houses are at the fulcrum. and selling used cars, through sometimes new cars and the demand is there because what j. pow i think knows that most people don't is that the pandemic caused a lot of this. and the pandemic is ending and that is going to cause people to rethink moving to the country. i

build some kind of partnership as we look at that picture long-term there is the opening bell at the nyse. jim we haven't got to some of the individual numbers fair to call under armour a blow out number >> yes absolutely and just as important i remember when the justice department and sec everyone was going after kevin plank and i think it is important to people know will the of people said listen -- and came back the next kay and i said i think the guy is completely innocent. he was completely vindicated there was no restatement but the thing so interesting david is the stock should be up 10 percent it's down. >> it's down yeah >> it was a great quarter. >> you have been saying that a lot. great quarter. stock shouldn't be down? what's happening >> okay. what is that reflective of >> i think -- reflective a big run. reflective of consolidation. with have to rethink what's going to happen because we're -- we just feel like it has to be there is too much inflation and you can't have a market led by al woe what and letter x it doesn't work david. >> because it's small -- >> -- actually u.s

clearly not the only ones jim kathy woods arc continues to sell apple there is the opening bell at the nysew moments ago about the spac merger. i think the ticker symbol under lucid is going to be -- i lost it here. l lcid following the plan merge we are cciv between that and fisker and tesla and ford lightning f 150 there is a ton of news in the ev space. >> ford with biden will be there. the electric f-150 tesla, tesla stock has become a -- a -- a -- a bad stock how about that. >> a bad stock. >> well after being unbelievable good >> -- >> -- 20e percent if year. >> what have you done for me lately -- mistake i think musk deserves a little better he's created huge amount of value. he's okay in my book fisker, they are gonna -- they made i think couple how to >> not bad couple thousand. >> 22 thousand -- 62,000 >> i notice d a k on our screen last night, jim. >> they are pre revenue. dave, what do you think about pre revenue companies? >> i think you have to be careful. certain environments they work and lot of the spac, companies going through spac process, are pre revenue. think of it as

the nyse and the nasdaq, and the nasdaq at the bottom of the screen i do wonder if you think oil willone of those to break, jpmorgan's holding a call this morning, about their long-standing call for a super cycle in crude because of debt reduction. commitment to dividends. decarbonization, they think, will starve the industry of the capital that you need to meet future oil demand and i know you agreed with goldman's $80 target. >> super cycle has been long in our business from the day of the coal super cycle fracking sands super cycle. look, there is a genuine believe that there will be no more pipelines built under biden. there's a belief that there will be a gradual clamp-down on drilling and that is making people feel very bullish and of course, along with a great opening trade. i still contend that there is a level that the saudis do not want it to go to because we can make, we can make a lot of money at this level and that means that our oil, our marginal oil companies are objection -- occidentals even an apache they can make money. and i don't think the saudis want that to happe

scott gottlieb joins us live from the nyse with his outlook for the summer and whether we'll need covid> plus all week long, our summer unmasked series we've been asking ceos about the great reopening. here's what we've heard so far about very strong demand. >> 2022 is pacing double digits ahead of where we were in 2019 and 2020 we thought 2020 was going to be our biggest year ever. >> our 2022 book of business is the best its ever been for any year at this point of the booking cycle. >> we're heading into the summer holiday season, memorial day, july 4th and labor day with a majority of our hotels with bookings that put them back into -- at the same level that they were in 2019. >>> coming up, our final installment of the series with the ceo of hawaiian holdings wh hate's seeing in the airline industry later on "closing bell." [w ling bel ngs] [music: “you're the best” by joe esposito] ♪ try to be best 'cause you're only a man ♪ ♪ and a man's gotta learn to take it ♪ ♪ try to believe though the going gets rough ♪ ♪ that you gotta hang tough to make it ♪ ♪ you're the best! around! ♪ ♪ n

layer of discussion out of the berkshire hathaway meeting, guys, as we get the opening bell at the nyseexchange. jim, as far as the play book for may goes, interesting comments over the weekend we got bridge donald trumpwater's co-ci talking about a good portion of the stocks being in the bubble but saying that shorting it is the easiest place to die and b of a today once again talking about sell side indicators and i think the report is entitled inching toward euphoria. >> well, i don't know what to tell people. you want to tell people that they're not allowed to make money? that you want to tell people that they should be in cds real estate is great i'm not necessarily recommending the cryptos, but they've been terrific stocks have been great you can get the dividend stocks, they're not that great, but i don't think anything's worse, as worse as cash. david, i think, look, i think that people can make money, and then they're allowed to sell buffett doesn't want anyone to sell, by the way that's a shame because if you bought bitcoin, at 12,000, a sliver of it, i think you should sell s

bob >> and i hope it is going to be good news about seeing your smiling face right down here at the nyseith me let's hope that will happen real soon flattish day, flattish open, but remember, we're closing out the month on the flattish side, but the reopening story is very real take a look at the sectors not a lot to wright write home about. retailers, nice open despite nordstrom's disappointment overall, and industrials still up, tech is on the flattish side, right now, and that's been the story throughout most of the month here and if you take a look at some of the other sectors out there, the retailers are kind of mixed this morning, so for example, nordstrom, a real disappointment, on the numbers, and they didn't raise their guidance now, remember, macy's raised some guidance, kohl's raised some guidance with an amazing year, and macy's is up 60% and kohl's has been flying probably up 40%, and in order stnordstro not so much and not all of the retailers are winning but in general, a great 2021 for the retailer, and xrt, which is equal weight etf doing really well most important thing

. >>> medical apparelmaker figgs will begin trading on the nyse this morning joining us now, heathers to you both i'm trying to under the business i think you have 1.3 million active customers as of the end of last year, up from 600,000 the year priority. and 62% of your net revenues came from repeat how big is this market to begin with >> the health care apparel market is massive. it's a $12 billion market in the united states. it's $79 billion globally. we actually feel like those numbers are a bit understated. what we offer to health care professional sess way beyond scrubs and some other health care apparel items we're providing a lot of lifestyle products for our health care professionals to go to work and be at work and go from work, on shift, off shift, head to toe. and at 263 million in net revenue in 2020, we feel like we're just getting started that's a 2% market share in the u.s. we're just getting started on what is to come for figgs. >> and what is your average price point? given the wide variety of s sal salary, basically? >> sure. i mean, our tops are about $35 our pan

last night the nyse said the reference price at $50 a share 27% discount although this is nearly a benchmarkney is changing hands at 50 we will be looking ahead to oatly's pricing. it comes to market with several tailwinds such as a backing from oprah, that never hurts, new partnership with starbucks and prospect of expanding to asia. the ipo is expected to attract an isg the word sustainability, for example, is mentioned 112 times in oatly's perspective a leader of its product consumed in place of cow's milk results in 80% less greenhouse gas emissions. we found that the 12 ipos like oatly's with a clear esg bend in the last year jumped 45% on average in their debuts. more than 8 percentage points higher than their non-esg counterparts clear premium for the esg companies. we'll see if it can weather this volatile market. andrew >> leslie, what are your comps on that? are those food companies that we're talking esg or any company that sort of identifies as esg >> yeah, food companies, ev-related companies, companies that have to do with obviously improving the electric vehicle ecosystem. tha

. ♪♪ >> struggled nyse it sparked a winner rally.the discussions about when mon monetary policy is in a good place. they said that in the past in a tongue in cheek way but it's actually a direct quote. fed vice chair richard clara makings similar remarks saying such discussions could take place at future meetings funny, isn't it? getting out and walking, very careful notto scare anyone tesla is eliminating a radar sensor in the auto pilot driving system and will rely instead on cameras. that follows growing scrutiny by regulators about safety following a number of accidents. ceo elon musk said a camera-based system will accelerate progress towards a full autonomous driving system psa is expected to release new security directives designed to prevent disruptions like the colonial pipeline shutdown they will be required to notify the tsa if they're targets of or victims of cyber attacks the directors would require operators to designate a specific point person for cyber security matters >> meantime, thanks, joe, a group of republicans

with 14 fed speakers, 16 s&p earnings, everyone talking pipeline, musk on "snl" and pisani and the nysemassive cyber attack takin

. >> with regard nyse, when recognized must every child does well and gets better.in the best my knowledge would really not seen a lot of long covid-19 as we are describing in these children. early recognition is key here. we have also developed case definitions and provider information and aiming at providers of population from children's minority communities to raise the flags in early recognition. and of the possibility of this condition and i just want to add that the demography a similar that it tends to be in the populations with heavily affected by covid-19. minorities and under resourced areas. and were trying to raise awareness among those communities. >> thank you. my time is up. >> the gentleman yields back printed and the chair is recognizing another one of our important people on subcommittee. doctor from pennsylvania and he will be followed by congresswoman deborah dingell of michigan. your neck recognized for five minutes printed for your question. >> thank you for holding this important hearing. as we have listened for the approach that we need to be