p. david mac allister, from german chancellor, anglo american. see the party, whether the u. s. was likely to have more success than europe when it came to setting red lines. in the united states share the same analysis of the situation in russia. we consider russians aggressive behavior as a threat to euro, atlantic security and the native communicate. the nature statement of monday was very clear on russia. and i think it's a very good step about the united states president is actually meeting his russian counterpart. the simple fact that this meeting is taking place has already positive news, but indeed we have to low right expect ations. i think it will be important that president biden makes it very clear about as long as the kremlin continues this in acceptable behavior. we just simply cannot return back to the normal relations we had before. 2008. david mac, i was just speaking then. now let's take a look at some of the other stories making headlines around the world today. israel has launched as strikes on the gaza strip, the 1st military flare up since last month across

p 500. there is a lot more hedging going on. there is a lot more downside protection. people are worried about the valuations we do see in the u.s.. davidtely. you are seeing in the s&p 500 exchange traded funds. people are borrowing and selling shares to profit from potential declines down the line. you are also seeing the options market. global markets has something called a sku index. you are seeing record highs on that index, which tells you that people are trying to lock in s&p 500 values now in anticipation of a decline that they will be able to profit from. in fairly short order, too. maybe one month or two. you are not looking at six months. caroline: david wilson, check out his chart of well. coming up, beachbody goes public. we speak to the ceo. this is bloomberg. >> when i became ceo, i felt like i should do more. the company had done a lot, but i felt like we should step up because the urgency of the crisis demanded it. ♪ caroline: this is "bloomberg markets." it is a fascinating situation we have at the moment. we keep talking about the world reopening. we are about to interview the ceo of world caribbean. people are gettin

me like i'm dual and washington, he's a g o p strategist in new york. we have david fisher. he is the author of the new book, the executive order, as well as the ghost writer for donald trump's 2016 campaign book, crippled america. and in beirut, we cross the george john. he is a republican analyst and an international political strategist until the cross talk roles in effect, that means you can jump in anytime you want. and i always appreciate, let me go to david person, new york is the republican party in crisis. i am a conservative on the outside, i think looking in here trying to understand what's going on because we had paul ryan and donald trump really go out to do weekend from our largo. i think trump called him a loser. 3 different times. is this a struggle with the base, the leadership and libertarian ideology? go ahead in new york. well, i mean, i think it's obvious that the republican party is engaged in a civil war of trying to figure out exactly what it is, what it stands for. on one side, you have people actually talking about issues, whether you agree or disag

david wilson joins us on the broader s&p 1700.hat we are talking about here is something called the s&p completion index. s&p has a really broad market age called total market index, so they take every stock out of that that is also in the s&p 500, and that is your completion index. roughly 34 shares in this gauge. we have really seen a resurgence in the completion index relative to the s&p 500 since mid, and we saw this index records. -- this index sets records. the ratio has been moving up lately, so it is a sign you've had some broader strength at a time when under -- when other indicators are pointing in a different direction. you look at the s&p 500 percentage of stocks above the moving average, that is causing some concern. this indicator tells a different story. tom: david wilson, thanks so much. too short a visit this morning. right now, this is fun for me because it is all of the bloomberg world and so much of our listeners and viewers in global wall street, it is applied, and then there is the pure research of it. it has

again to talk about it more meantime, thank you for kicking off the hour with us the s&p is basically flat. david global going public there. largest ipo of a chinese company since alibaba in 2014. our deirdre bosa has more for us this morning >> reporter: didi at $14 a share with an initial market cap of $6 billion putting the value between the other public ride share companies we know well $14 did land it at the top of the range but at one point it was thought to fetch a valuation of up to $100 billion. ride sharing has not been a great bet. they have cooled on it they have under performed the s&p. they remain you be profitable. regulatory environment is uncertain. didi faces a similar outlook but as a chinese company there's another layer here its dominance in the home market seen as an advantage and now under scrutiny and the american counterparts narrowed and didi is pushing into autonomous driving to freight on top of that u.s. listed chinese companies have had a tough go with some of the biggest tech names in china like alibaba also in the red for the year so amid the hot ipo summer this is

we'll see you tonight "mad money" at 6:00 p.m when we come back, david kostin as the s&p goes red.help cover essential expenses in retirement, so you can live the life you want. this is what an annuity can do. learn more at protectedincome.org. wondering what actually goes into your multivitamin? at new chapter, done.er. wellness, well ♪ it feels so good to be cared for. ♪ ♪ back up now, ♪ ♪ just a little more. ♪ ♪ the feeling someone's always there, ♪ ♪ just to show how much they care. ♪ ♪ the feeling you're not alone, ♪ ♪ now she's a part of your home. ♪ ♪ with so much to protect each day, ♪ ♪ caring goes a long, long way. ♪ ♪ nationwide is on your side. ♪♪ . >>> good tuesday morning welcome to another hour of "squawk on the street" i'm carl quintanilla market is looking for some direction. we settled at four points to the down side on the s&p rick santelli has jolts. rick >> reporter: this is the most jolting jolts in the history of man and women, okay. 9 million. 9 million 286,000. 9,286,000 job openings we were expecting a million less than that. here's the 2021 numbers for jo

david faber. morgan stanley has the morning off. new highs on the s&pght wins that's the longest streak since february or so 30 minutes into the trading session here are the three big movers rite aid shares are sinking after reporting results, earnings top expectations but revenue fell sloitly short of wall street forecast another name in the red. kd home. revenue also falling short of expectations despite a selling price increase of 13 and new orders up 145. and we will end with lily, they received breakthrough therapy designation from the fda let's get to some of that lily news.ly news >> big news following the biogen approval eli lilly saying they got the breakthrough designation for their drug if phase two, and has started phase 3 studies. now, they say that based on the fades two data this designation and they don't say it, but assumed is that based on the precedent set by buy again, they will be filing for accelerated approval with the fda later this year this is coming earlier than analysts expected although some point out nobody should be surpri

. >>> david a mixed picture with the s&p turning slightly negative that does it for us on "squawk on the street," though a big week ahead meantime, "techcheck" starts now. ♪ >>> happy tuesday. welcome to "techcheck. i'm jon fortt with carl quintanilla and deirdre bosa today's amc's ceo embraces wall street and $230 until a stock sale stock up about 11% to start the month, and the cloud era goes private. the breakdown of the deal. one more software player is off the market. >>> later, teslas getting pricier. what elon musk is saying about the global chip shortage, de >> the first day of trading here in june. stocks up big to start this morning's session. well off those highs, however. now with tech once again underperforming the other indices. nasdaq hovering around the flat line now down 0.4 of 1% bitcoin trying to regain t37,000 level. carl >> and deallogic showing the ipo market definitely cooled all the 40% pops we saw in january and february basically have been cut in half down to an average of about 18% at the end of may a number of recent debuts last month actually fell on thei

david: i think there's too much dispersion of p/e ratios because if you believe rates are going to gor, than the most vulnerable equities are those which carry the highest p/e ratios because they are discounting the flow of earnings going decades into the future, and that should be very sensitive to higher interest rates. that is one big problem. i think there are other bubbles of speculation in the periphery which are all being funded by short-term interest rates close to zero, so i think you've got to look at valuations much more carefully because when interest rates become more normal, more realistic, those valuations are just going to be much more important. guy: do i have to own energy with brent at $75? david: i don't expect that in the long run we will see oil prices much higher than that. we went through sort of a revolution in energy in the last decade, and shale oil has become a kind of governor of the markets. so you are going to see a lot of shale oil coming under the market. i think that brings the price down. i don't to see much in the way of price gains overall, but i w

to your point earnings estimates keep edging up, looking forward the forward p-e ratio has come down. really in that way, david, stocks do become more attractive. are there some names where you're see earnings estimates are going up so much, that even though the stock price is higher, it is even more attractive now? >> i will give you two. they're both -- crowdstrike and technology and ford. you couldn't find two more different companies but estimate revisions for the last four weeks are up 35 and 21% respectively n that backdrop you can find a lot of stocks like that. just this morning i did a screen of large cap u.s. stocks. i found 20 stocks with double-digit estimate revisions for four weeks. move down the market cap. you will find a lot more. charles: banks of course are fronter and center today. after the close yesterday they almost all except citi hiked their dividends, some increased buybacks. what is intriguing about this, we saw largest outflow of financials since march of last year. courtney, the old wall street saying sell into this kind of news. is this sector buy, sell or hold? >> i think definit

well off that we are down just under 200 points at the moment and the s&p 500 just turned positive are they all listening to davido said the stock market is going to be just fine the the nasdaq is leading the way with .8% gain. >>> individual movers. roblox is trying to stage a comeback after yesterday's 8% decline after they reported a decline in number of users arc invests ceo kathy woods is buying the dip, scooping up $11 million worth of woe blocks shares yesterday read more about her moves on cnbc.com. >>> shares of amc are moving higher, they are nearing their all-time closing high from two weeks ago. tonight, opportunity into a very special edition of fast mop as they look at what's driving the price action on amc and talk to some of the bigst players in the trade. lets tonight at 5:00 eastern on "fast money." >>> google's retail play, oil, but make it fashion, and oil fizzes on coke it is all coming up on rapid fire we are back in a moment. (vo) conventional thinking doesn't disrupt the status quo. which is why t-mobile for business uses unconventional thinking to help your business realize new possibilit

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i mean, david, just taking a quick look at the markets, the market is fractionally higher. the s&prms of sectors and stocks but that's going to do it for "squawk on the street" on day one back at the new york stock exchange tech check starts right now. ♪ ♪ >>> good monday morning. welcome to tech check. i'm carl quintanilla apple's worldwide developer conference kicks off the the stock has grinded steadily lower. can apple change the

p or the nasdaq. our dividend guy, david points us to stocks that pay a high dividend and a growing dividend, popularead that teleprompter brilliantly and teed me up. apollo is a wonderful private equity company similar to blackstone. tons of the revenue, they bring in investor money, private equity, generate great returns but collect a lot of fees and pays a big dividend. it shows 3.5% but for the full year it is over 4% going up and down quarter by quarter which is unusual. apollo group is a great name. >> you like stocks and companies that pay an increasing dividend. will apollo increase from where it is now? >> it increased its dividend every year it has been public. every single year including the pandemic year of 2020 so we believe it has all the flowing free cash flow to grow the dividend. that is what we do. stuart: how about new mountain financial? i don't know them. what are they paying? >> they are not far from the studio you are sitting and it is a wonderful interesting company but they provide a lot of debt capital to companies that might be too big to borrow from their bank but small to

david, thanks. stocks mixed today the dow lost 210. the s&p fell 2. the nasdaq gained 122. one of the major items for the biden-putin summit was cybersecurity. it appears there were no breakthroughs. putin insists the u.s. is a greater cyber threat to the world than russia is. while president biden is warning of retaliation if russia-based hacks continue. tonight fox news correspondent hillary vaughn tells us the ransomware threat is very real and not just to big government and big business: >> i traveled my home state of kentucky recently, and was asked more questions about cybersecurity in those 10 days or so than in the previous 10 years. >> cyber space is dominating the space of small towns, schools and local government scrambling to fend off a surge of sophisticated cyberattacks. >> small towns are target for these bad actors and we can no longer rely on security through obscurity. >> over $50 million in ransom money has been paid to hackers this year. and the total amount paid by ransomware victims increased more than 300 percent in 2020. the ransoms are getting bigge

as the nasdaq charges toward a fifth straight win and the s&p streaks to its second record close in a row, our floor show traders david trainer and teddy weisberg are joining us now. anybody who was bearish the past ten years missed an incredible bull run are. and you look at that, right? there were scary points, certainly, but is now the time for investors to come off the sidelines, the ones who are too scared to do it? maybe we can show some of these 10-year charts, or is this bad timing to start going all in on stocks? >> first of all, liz, i would remind you and your viewers that there's nothing more bearish than a soldout bull. just even the david can gartman comments today. he's a great guy and he's very smart. i think fighting the tape, clearly, is a big mistake. it's always been a big mistake. the momentum in the lines of least resistance for the last ten years with listen ifty of pullbacks and plenty of opportunities and always scary when you get the opportunities, but we've had plenty of opportunities to buy stocks have proven to be with the benefit of 20/20 hindsight clearly buying opportunities. and i woul

david gun fosgate for land or before or downfall. high should info familiar with them. and again, q stem for them, they can police hard, some i always see desk media or employ a p median. i'm those copy campus for has some meaning on costs, meaning it's been going to my call and so i don't have all the go, not public school wanted to have and draw a split among help this extra and all the appeal from the on of them by about how does a little very tall by gone in the back can saw mom, me and my whole city the come needed allow been in the study can, can so difficult for loss or damage this to come and show what they've been performing despite low on the didn't receive the value that could be mistake. we got this vin, ma'am we want their post scared. then if you please call me up via then system the vine. all modal. what a good. i know. i kept knew. we enter the mosquito so really high. ok voted towards the polish and the new content. manipulate bike. now mister o. b f, a full cheer her loose or stricken show. good me for the truck watched by greenland. i guess my 1st reason why he was joking. can we by greenland? actually, it's a large real estate deal. a lot of things

i mean, david, just taking a quick look at the markets, the market is fractionally higher. the s&p and the dow are slightly lower. real estate, health care utilities are the outperformers in terms of sectors and stocks but that's going to do it for "squawk on the street" on day one back at the new york stock exchange tech check starts right now. ♪ ♪ >>> good monday morning. welcome to tech check. i'm carl quintanilla apple's worldwide developer conference kicks off the the stock has grinded steadily lower. can apple change the narrative the ape and the tortoise how the mean trade is destroying the market jeff bezos says he's headed to space. >> also this hour, bullet calls on se and peloton. we check in on crypto, after a wild weekend in miami. we will get a download of everything that happened there as bitcoin, john, just pushing above 36,000 >> de, apple and spot wear satellite is on this afternoon the developers conference will happen virtually in a few hours. messaging, other apps across devices, maybe some new macbook pros as well all of this part of the push to keep users ins

. >>> david a mixed picture with the s&p turning slightly negative that does it for us on "squawk onwith carl quintanilla and deirdre bosa today's amc's ceo embraces wall street and $230 until a stock sale stock up about 11% to start the month, and the cloud era goes private. the breakdown of the deal. one more software player is off the market. >>> later,

david wilson. what have you got? dave: we are talking about what is going on within the s&p 500 component stocks.ket technician over at km partners pointed out. looking at the cumulative decline lines for the s&p 500, what we are talking about his day today, how many stocks in the s&p 500 are up, how many down. this is a running total of that. we saw that particular indicator that set a record on friday, even as the s&p 500 struggled to file suit. we saw it with the index near a record towards the close of trading, but not able to get above it. tom: is that breadth in the market? dave: that is one indicator of breadth, and it is perhaps a more traditional one. you can talk about other gauges, people wait indexes kind of get you to the same place. by the way, the equal weight s&p 500 also got to a record on friday, so it is about the broad-based strength in markets, which o'hara describes as a technical biller. tom: i've got -- a technical pillar. tom: i've got 30 seconds. don't you love the value line geometric? it is just the coolest index. it is like logarithms within this series. romaine: -- d

david. take a look at this one. relative yields of s&p 500, as well as the ten-year treasury.pically in recent years moved adseriously to each other. treasury yields get compressed because of flight to safety. dividend yields did have an advantage over a period of time. it hasn't happened, and now, since this rise in treasury yields, and flattening out, it's been a closer correlation between stock prices and bond prices in other words, lower yields has correspond up more with strength in stocks. what's clear is there isn't a yield advantage either way take a look at this. defined, this is will be the first quarter this year, this is what companies are paying out. it's pretty much at the bottom of the recent multiyear range this is probably going to go up a little bit, because buybacks will surge, but it does show you that equity shareholders have gotten a lot of the benefit already. maybe there's just not quite as much juice here. >> why is that there's a surge in demand and boom in the economy. why are we seeing higher dividends? >> i think it's the lag effect mostly you see

i'm morgan brennan along with scott wapner, carl and david have the day off the dow is do 3/10 of a percent. the s&putes into the trading session. here are the three big movers. german drug maker curevac tanking after its experimental vaccine is 45% effective in a clinical trial those shares are down 48, almost 49% right now. ford meantime continuing its ride higher but losing steam saying it's expecting second quarter earnings, amid strong demand for vehicles. those shares up 1% and lastly, the honest company in the red after reporting a wider than expected loss this was its first quarter as a public company shares down almost 9%. >>> the fed moving up its time line on rate hikes, raising its inflation forecast as well ylan mui following it all with more >> you're right, the forecasts are moving higher, which means the dots are moving closer, 7 fed officials now see a rate hike happening by the end of next year, five are projecting one hike, compared to three officials in the last round of projections, and two believe twice. before it was one load hike, and the majority expect the central bank will

david faber. about an hour into the trading session, get a check on the biggest leaders on the s&p a fair amount ofy semiconductors. nvidia 792 a hundred bucks of targets of 900 we have gotten lately. laggards are going to be around financials, energy, and some travel related names royal caribbean. the cruise lines the concerns about the makan delrahim around the world. >> that seems to be muting the reopening enthusiasm yields definitely coming back off of their recent highs as well back under 1.5% on the ten-year treasury in terms of where we come into the week, up 14% on the s&p year to date. if you look at what that tends to mean for the second half, up more than 12% on the s&p 500. three quarters of the time the rest of the year you are also up only one of those years did you really undo the first half increase so it seems strong markets stay strong if this year you are fighting just this massive gusher of corporate cash flow, credit markets amazingly good the issue, thi think, is this dynamic of rate of change. the reason that the reopening stocks pull back is we are past the peak that's the

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the s&p is higher, joining me right now magline president david, david, great to have you this morning very much for joining us. i want to get your take on what you're expecting from the price of oil because it's certainly something our investors want to look at but first give us your expectations of the fed meeting today and what you expect in terms of tapering conversations. >> as always, i think the fed's pronouncement post meeting is going to be very, very carefully sparsed -- parsed, excuse me and i think it's going to end certainly an end and a shift away from the easy money low realities and going ahead and reducing the fed's involvement in the economy. maria: this morning this ten-year treasury yield is down more than 1 basis points, david. why do you think the federal reserve is going to start taking away the punch bowl start perhaps at some point moving interest rates higher when, in fact, rates keep moving lower? how do you expect this decline in interest rates? >> look, i think what the fed wants to get to is a rise in rates,less involvement. they are seeing numbers and con

david wilson on the equity markets. what have you got? dave: talking about google's alphabet. it's two classes of shares in the s&pind of diverged from one another. you would think that people would pay for the right to vote. you would be wrong. in fact, the nonvoting shares of alphabet, class c, have become more valuable. they have performed better this year than the voting class a stock, and that plunge you see in the last couple of months is the value of the class a, so the voting rights that go along with that stock are really worth less than zero at this point. tom: is this just so the principals of google get to control the company? dave: that has been the case all along, which is what makes this interesting. the voting shares have traditionally cost more. there's been an average premium of 1.3% since the nonvoting stock was created in 2014. that has turned around. all along, larry page and the cofounders of google have maintained majority voting control, so it is not like that has really changed. trading is pretty much the same. what has changed is it is the relationship between these two classes of shares,

david blanchflower. this is bloomberg. ♪ jonathan: from new york city, here is the price action this thursday morning. equities of 21 on the s&p up 21 on the s&p. switch up the board to the bond market. we have a heartbeat in the chart for the two year yield. lisa has been running you through that. right now, up about 26 basis points. we drift a little bit higher. the likes of bostick talking about a high in 2022. not my view. i don't have one. i am sure you do. we will talk about that in a moment. yields unchanged on a 10 year, on a 30 year. we will get some seven-year debt a little bit later on the treasury. thus the bond market. let's finish on the fx market. we had some data out of europe. business confidence out of france and germany, pretty strong, pretty decent. in terms of trajectory, expected to get better. the news on foreign exchange, that has been muted. of almost .2%. -- up almost .2%. lisa: that pretty much sums up at all. it is so boring out there. jonathan: taylor riggs is falling asleep. what did she call it? taylor: a slow death. jonathan: lisa, we are done. lisa: you mentioned the fed speak and how nobody se

david have the morning off. let's look at futures as the markets react to more economic data ppi a little hotter an expectations the s&p would open a fractional winner, the others you see pretty mixed the road map starts with the inflation watch. the largest 12 month increase on record and boeing airbus in the end of a 17-year dispute. and eu and u.s. end a long-standing fight over aircraft subsidies and shares of amc moving higher again. and petco shares joining the ranks of that volatile trade here we go pip comes in pi comes in little, retail sales a mix supply chain even -- >> let's just say something. >> the floor is yours. >> if every number is hotter than expected, the conclusion is the people who make the numbers are definitely using ill advised analysis and i'd begin to start thinking what are they -- why is every number hotter than expected? when youand i know, for instance, that it is going to be hot. like who is creating these expectations i was watching joe tsai today >> -- ticket -- >> i just think enough enough we've got stop playing into the hands of people. of course it is hotter than expected it's hot

s&p up 4, nasdaq up 17, dow is up 37, and david branson is with us. let's talk inflation.ant. in fact, you think it's irrelevant to investors. how come? >> yeah, to investors, it's a really important distinction because i think low income people, with prices going higher is very relevant to them and it's a very progressive tax and prices going higher and rents and houses, prices went higher in college tuition, healthcare costs, those are the areas that we've seen price inflation throughout my adult lifetime, and all of it. it's not monetary, but government policy and subsidy, but for an investor you said it earlier. the bond yield is the judge and jury. there is no one loaning their money to the united states government for 10 years for 1.4% if they believe there is three, four, 5% inflation, let alone the persistence of such inflation. that's what the bond yield does is tell us what to think, because if trillions of dollars of measurement second-by-second. stuart: david, we always come to you for high-yielding dividend- paying stocks and i know you bought a couple with yo

s&p up well over half a percentage point. here is davidrally. you're saying ignore the fed. what do you mean by that? >> what i mean is that the hysteria that comes off of everything that they say and what it could mean and reading between the lines and all these things and it really does feel to me like nobody paid any attention for the years after the financial crises. folks talked as if they expect the fed to say something, oh, yeah, we're really worried about this or we don't think it will ever happen. we promised to keep rates forever. they will not say either of these things. they have party lines they will stick to and there is virtually no precedent of the fed shocking the market since 1994. in 1998 greenspan shocked the markets to the upside but really they telegraphed everything they have done for a very long time. i think people need to have a portfolio that is not dependent on the briefcase size of the federal reserve chairman as we used to talk about with greenspan. stuart: yes, i remember those days very well, david. what we

brennan along with carl quintanilla, and david faber, live from post nine at the new york stock exchange we are about an hour into the trading session, the s&p>> people have convinced themselves that things like airline tickets a lot higher in the last month is going to be at least moderating in the following few months that's at least the meme right now. the fed is right, and essentially it's going to be transitory we'll see, but the market believes that for the moment the important thing, is remember 4232 4232nd, the may 7th high, we have been struggling to get over that finally we're there. we'll see if we close there. that's the new closing high, anything over 4232 is the closing high, and we're being helped by an interesting swath there's a lot of debate over whether growth is going to out perform value. it's an interesting discussion technology is helping. oil over $70. when was the last time you saw that we have new highs in the oil stocks industrials, materials, some of the more cyclical side of it has been holding back a little bit re recently, so there's a very interesting debate over whether the cyclical sectors that powered us fo

p 500. when you talk about the possibility of an 11.5% gain or whatever else in the final seven months of the year, it may be backend loaded. tom: david you so much. we make jokes about a serious chart there on the perspective of january to the end of may and optimism ahead. romaine bostick, give us an update on amc. what do you see? romaine: 1.4% higher, in the green. the volume is off the charts. this is the second biggest volume in the price. tom: you mentioned earlier it was stunning. romaine: the options data yesterday was off the charts. it has been like that for the past three or four sessions. it will be interesting to see what happens today. take a look at your screen right now for one share of amc. for those folks who did managed to rise to the top,? do you bailout now? where do the shorts stand -- rise to the top, do you bail out now? a lot of people are betting on this stock to go down. tom: let's go to our "bloomberg surveillance" expert on amc. lisa: which is? >> this is a question where people need to thing about what is the fundament of value and what is the stock price relative to the fundament of value. so buyer bewa

p. sanders. amman -- amanda c. montag. amanda j. ramos. robert t. saunders, iii. michael a. sanchez. braden s. shuler. aaron and schaefer. nelson r. smith. connor m. travis. caitlyn a. thompson. daviduel s. cho. james matthew aaronson the fifth. ali marie benton. lauren c. bierman. lindsay g. donaldson. cheyenne as early. ian e. blake. joseph c. brock. [reading names] christina magdalena gibson. joseph c. gregory. amanda h. speier. ezra m. had eight. bryce j. jones. john a. elkins. jackson r. franco. tim j. kincaid. harrison t. goodrich. robert m. moore. kayla a. hannibal. duncan t. morris jr.. isabel lynn tynan. sara l. osborne. annie elizabeth emhoff. caleb m. kelly. denise a. ramirez. j. young kim. harrison e. ray. walter e. lander. skylar j. mason. james richard scowcroft's. nathaniel j. o'neil. william winthrop sheldon. matthew h. finney. brent noland steiner. jacob b. ramos. greg scott swift. justin j. sullivan. ryan day stark. john mendoza. >> from the 20th company miya a white. andrew r. baez. >> from the 19th company ross joseph j. riviera. matthew bugs in. joseph carmona. anthony a. faith hill. tyler g. cox. dean w. cole. elizabeth a. farnham. >> i been asked a modern tod

virtually flat dow and the s&p, there is the nasdaq touching positive ten-year not expecting much given the fact it is sitting at 1.48 banks, lower oil, two and a half-year high. david teppers made some interesting comments today at conference saying he is long oil stocks pointing to occidental petroleum as one that stock was on the move we will get into much of that coming up in a second. there is oxy getting a lift, no doubt on the hedge fund manager david tepper's comments. we are not expecting much today steve weiss. we are not expecting much. my question is then what what are viewers supposed to do post fed >> it depends on what your expectations are if nothing happens, as you say, and as is consensus, then i think you have more of the same. i don't think it is an all leer to really load up, that rates are going to stay at a 1.5 ten-year forever let's going to be let's look to the next meeting, six weeks out. will that be the meeting that powell comes out and says, hey, we are cutting back on buying, we are tapering. i think there is a 25% chance today that powell goes back and says we are discussing tapering. if you recall, it is only the other fed governors t

and david investigated racial and ethnic disparities among covid-19. another investigated cases of covid-19 with the p-1 variant. and who can forget victoria, who repelled from a helicopter to deliver test kits to a cruise ship. this incredible disease detectives have been on the front lines, worked 24/7 since the start of the pandemic in the united states. there is one more shining star from the cdc eis program. dr. anne schuchat. she is retiring from cdc after over three decades of exemplary service to the nation. she joined cdc as an eis officer in 1988, and her over 33-year career at cdc, she has been part of the most consequential outbreak investigations in the agency's history. anne's career is rooted in the art and science of outbreak investigations. as a young eis officer in costa rica, she traced an outbreak of listeria infections among infants to contaminated baby oil. when anthrax was going through the united states mail, she was on the first field team in washington, d.c. when sars emerged in 2003, she led the cdc team to china, a core part of the who response, and her picture was hanging

talking about, and just to go back to marketcapitalization, david, that makes amc now greater value, more greatly valued than half of the s&p 500 companies, and it's ripple effects, too not just amc or gamestop or bed bath and beyond and some of the specific individual names that we've seen major moves in, it is also stuff like the russell 2000 value index which both amc and gamestop are actually a part of, "the wall street journal" did a good takedown on this last night, actually, just noting that the rallies of those two stocks have helped push the value index to its biggest outperformance versus the growth counterpart for the russell 2000, on record. and that is going to be something to watch as well, because you have that next annual rebalancing of the russ schedule index, the news or the announcements around that will be happening later this week as well so in general, this has had ripple effects to other parts of the market, carl >> yes, your point about the growing list of meme names is actually tallied today, b of a note, guys, they look at the small and big cap names that are getting the most mentions on wall stree

p 500 at a time that you are seeing treasury yields fall. that hasn't really been the case the last couple of months, where we have seen that kind of movement, and it is something that davider at charles schwab noticed. he focused on the sector strategy for the firm, and pointed out that really, what is going on with financial shares is sort of in contrast to what is going on with treasury yields. the ratio between the s&p 500 index and the broader s&p 500 set a low in april and moved up as much as 9% from their, at a time where if you look at the 10-year treasury yield, which is the other line on the chart, it wasn't really going anywhere. so in other words, you have seen the stocks move out without the kind of support from the bond market that they had earlier on. that suggests that you should be neutral on the group, but not necessarily favor them. alix: dave, thanks a lot. appreciate it. we do want to take you to the hearing that is happening, with colonial pipeline's ceo testifying before a senate committee. >> -- so the ability to have the conduit both on the investigative side as well as on the restoration and supply-side was extremely helpful to colonial pipeline

and david, this is climate change practices. happiness in 3 books, you'll get smarter for free d w books. this is the news africa coming up on the program, e. c o. p, a prepares for a landmark in prime minister abbey estimates phase. the 1st on monday could fit the nation on a new course and that the states have really been high and the we are facing an election that will develop or destroy our country. having the pol will be peaceful and democratic, but the usb it has great on saying that it's new patients and the ongoing war into gripe means the vote is unlikely to be credible. so what is that stake in this election news also coming up on the program more than $300000000.00 in covert, $900.00 funds have gone missing and can route the ruling party blaine pressure. she's been great and nearly killed while working to expose injustices. nigeria football goring as just been given a freedom of speech award for her. standing up the truth, you want to hear what she has to say about journalism in africa, the biggest democracy thousands of south africans are flocking to fields outside durban. off to a hood made a potentially life changing discovery. we jo

david asman in for neil cavuto. we have a busy two hours ahead as the dow, the s&p, kick off the week in the red.il prices hitting a pandemic high. as more americans look to hit the road this summer. some say president biden's policies are going to lead to more price spikes. we'll tell you why coming up. as more companies begin to call back workers to their offices, why those businesses may be faced with a wave of resignations instead of a return of workers. and growing concerns over violence in cities throughout america. why businesses in baltimore are looking to use their tax dollars to force change in their cities. that is coming up. >>> but our top story, and we are following it very closely, president biden is meeting with nato allies today where he is looking to rally g7 leaders to challenge china. president biden getting criticized quote, all talk, no action approach. former secretary of state mike pompeo is saying that the trump administration left nato alliances strong and hopes biden will do the same. listen. >> we left nato $400 billion stronger than when we took over. we built out tha

looking at futures, the dow up 30, s&p up 2, nasdaq up 6, not much of a gain, very limited gains on wall street. davidou think the fed is preparing for quick rate hike anytime soon? >> emphatically yes. we should expect the federal hike rates faster and earlier than expected. it is an 18 member committee. we were two votes from pulling rate hikes into 2022, that's two votes, not an overwhelming defense for keeping rates lower and longer. if you look at the sentiment, the sentiment was all about tapering, when will we hydrate? buller came out and said we should be ready for an upside risk to inflation. the market says inflation will be temporary, this will go away and things get back to normal but the government will screw things up, we do it with another stimulus bill. we get a $2 trillion infrastructure bill, that could make temporary inflation permanent, in 2022. stuart: you wouldn't be jumping into stocks at the moment. >> overall. stuart: look, we are asking the question where do you stand on the stock market? if you think the fed is raising rates earlier than most people think you will put a lid

david, they have a chart it's a pie chart >> 18 times i did pause for a second, 25 you don't usually see a ps three times. there's an option that shows you netflix is 25, amazon prime 26 amazon prime is doing so well. live tv, 22. what i thought was really interesting they have hbo max. that's three >> right >> got a long way to go. let's talk about the stock for one moment before we wrap up here you can see where the high was >> it's going here this is the piece i've been waiting for. it really is and, david, don't forget a lot -- they were hurt by covid you couldn't do a lot of programs but, david, there is "bridgerton" season two, which i will like. "stranger things" season five. this is a good call. covid winding down, there will be many more, many more movies and series i think this stock down 2% year to date, year low. >> you think so? >> oh, yeah. >> okay. >> yeah. >> going to the club >> i am. $17 billion they spent it's only $17 billion a year on content. >> and gaming? it was worth every penny people laughed people laughed at amazon people laughed at tesla. people laughed at gamest

p 500 and nasdaq just slightly lower. small caps won the day welcome back, everyone, to "closing bell. i'm sara eisen along with davidd mike santoli take a look at how we finished up the day on wall street. gave up the rally. as you can see the reopen was strong, up 319 points at the highs of the session and closed lower. biggest contributor to the dow gains, goldman sachs adding 67 points boeing was a big winner as well. the losers, united health care, amgen and j&j. energy stocks jumping 4% after crude oil caught its highest close since 2018 materials also strong. health care, utilities and consumer staples were the weak links. the nasdaq closing just about flat microsoft was lower, adobe, apple. weakness in media stocks like comcast, netflix also lower. the small caps were the winners of the day up 1.14% off the back of energy, materials and financials investors are now awaiting a pair of quarterlyresults from zoom and hpe we'll have instant analysis after they are released. peter is still with us greg branch from veritas financial group joins the conversation i will sendin it to you, mike you can opine on today's