great team at paychex that made it happen.lly are rebounding you're absolutely right. we've seen a lot more employees coming back and our small business index will come out this month what you're going to see while growth has slowed down a little bit for businesses under 50, it definitely is still strong, certainly strong almost as prepandemic. >> is there a switch in where small businesses are i think we've all experienced anything that goes wrong in our house, anything that we need, garden, landscape, it's impossible to find someone if we were to look at where the new bits ar businesses are, how many are in the three to 10, 20 person group of people that fix things up? >> a great deal of them. the biggest issue is there is a great demand of folks. there is a shortage of people to do that. businesses are trying to find people and continue to grow. it is a high demand and i think it's going to be for some time. >> okay. now the other thing that you were doing that makes it so there are more people, the people existing can do t

the ceo of paychex joins us to talk about those numbers.t is a rough road ahead for airlines as reduced business travel stalls the industry's recovery. we will speak to the jetblue ceo. people say we will have christmas, i wonder how much christmas will cost? mark: we will be watching the way number for any inflationary pressures. for the markets today, that is not a preoccupation. basically a reversal of yesterday. the big tech groups led by communications are leading the market higher. real estate, utilities, we are seeing some weakness for utilities out there. overall, financials are strong today, and it is the biggest names of all. netflix is one too much, an analyst upgrade playing there. when we hear from a company like pepsi, they will be companies that will do well in this third quarter but that can manage their supply chain issues and their outlook will stay solid. that will reassure investors that the valuations of this market are not overstretched. i want to draw your attention to the 10 year at 1.52. still not tracking to 2%, bu

marty mucci told us from paychex, these are reasons to buy and not sell when i the way, costco, an investment club special after the close delivered a monster number that can help the bullish cost we did a piece about costco. bottom line, after years -- no, after weeks of -- after weeks of carnage where everything turned out to be a trap people don't know what to do when they're confused, of course they sell. maybe you sold at 9:30 i hope not as i told investment club members this week, i think that when the market's down like it was this morning, you do some buying how about jim in florida jim. >> caller: boo-yah, im. >> jimmy chill says boo-yah back. >> caller: cape coral florida where it's raining like hell. >> what the hell is that >> caller: i have a lot of novo vax, nvax. with the efficacy that it's been having and the great trial results, why has not been approved by the fda? >> you know what, i think you asked a great question i have always been suspicious of novavax because i don't think, frankly, that the regulators are as keen on novavax as is novavax on novavax i don't recommend t

this -- like this allows them to tap into other moneys and also breaks the chains of traditional paychexd.c. are not happy with this nft situation. what is your take on that? >> there is a supreme court law that has been passed that an artist can paint or do an original piece. that is theirs, that is their interpretation, that is their everything. >> after speaking to rx -- two artists and dealers, i wanted to find out how important nft's will be and the ark of comic history. >> the value they can bring to creators or consumers is pretty profound. the main reason that artwork collectibles have taken off is because you can pass a royalty so every time a piece of work cats sold in the future, they receive a cut of that, which is pretty impactful if you are talking about the full career of an artist. >> despite the size of the nft market, they will be a crucial part of the comic industry's evolution. they will define who reaps the financial benefits when the time comes. >> at a big company that wants to strangle the artist a little bit are going to need to think about it. think about what t

inflation is clearly eating into paychex. i understand past that you have said in the past that the impact is transitory. are there any near-term steps that the white house is thinking of taking as you look at this data? the president is starting to get increasingly concerned? jen: as you picked that piece of data, it is important to note that the progress that the president talked about this morning is on a range of fronts, which is important. we are at a faster projection of economic growth than we were a year ago. the 4.8% unemployment rate is down from 3.6% in january. unemployment claims are down 60% since the president took office. we have seen 5 million jobs created since the president took office and wages went up month to month from last month to the prior month. those are important data. we can cherry pick different data pieces from one year ago or two years ago, but what we are seeing in the trends is encouraging and it is progress. as you know, inflation is the purview of the federal reserve. they make projections

got very strong services purchasing index report last night when we spoke to marty mucci, ceo of paychex, they said they remained excellent. the market loves a solid bounce off good economic data the robust pmi number which sent bond yields higher, stock prices lower, of course every time you get higher interest rates, the bank stocks tend to rally. that rarely happens. today was strong, it was exceptional. if your opening trade is back on, the airlines are running and they're forcing employees to get vaccinated anything that makes people feel more secure traveling is great jetblue just closed. they expect trans atlantic flights to begin by thanksgiving that's when consumer spending is going. it's a much-needed development for the largest stores that trans atlantic flights go back el, estee de lauder. this one is really tricky. i don't like these stocks, but i have to talk about them. yeah, china rallied. this is one of the most important factors that happened today. chinese stock market is the worst. it hasn't been able to get any traction whatsoever because the chinese communist party

bunch of other good names on the list today, john, including autozone, home depot, marriott, lowe's, paychex before we go apparently robot cars are condition fused by the suburbs some residences are saying waymo cars are flooding deadends and cul-de-sacs confused by the concept of having to turn around and maybe not good at three-point turns. a new car appears every five minutes before going back to where it came from, carl, which is probably to plug in somewhere. >> they have more data than anyone, so we'll see how they manage that. buckle up for a busy week of earnings next week have a good weekend. let's get to the judge >> all right, carl welcome to "the halftime report" this friday. i'm scott wapner front and center the rally in stocks are about to have a bigger move higher. we'll debate with the investment committee as always. jenny harrington, steve weiss, jason snipe and jon najarian co-founder of market rebellion.com. let's go to the wall s&p 500 is edging back towards a new high and only 2% away and the dow is up more than 1.2% away and 35,184 and the ten-year note and there's the

the person who talks to paychex is different from the guy from form or new court. now the federal reserve gets all of the support from the regional fed and they do a decent job but they miss the bigger picture the big story is out there, driving the economic growth and inflation. the fed head wants to view this move through the lens of transient versus persistent inflation. transient means it should have ended by now but we still have relentzless, i'm giving you that not not denying that so let me help you escape from the transient track, mr. powell, this is just the wrong rubric. why don't we start with covid itself which isn't tied in as much as you think it is. at least what it comes to the media. we're discovered a tremendous number of people who have left the work force many for good. who could blame them wall street often forgets that 700,000 people, 700,000 people have gotten covid in this country. you can't get this virus spontaneously. someone has to give it to you. the best way to stay healthy is to stop going to work. so millions of people did precisely

. >> paychex is on tonight -- why couldn't you just say yes to that >> i looked at carl. >> that would -- >> i wanted to hear what carl said. >> he has a better way of saying things that i i do >> you know, jim, that is very true you know, that's true. and your guy, matt, the second greatest in "jeopardy" history he went to yale. >> gentlemen, the "jeopardy" contestant is doing well, and we look forward to him joining us someday if he ever finishes his run. >>> facebook back to 330, down almost 4%. a loot at the bond record, part of that is about the prospect of rising yields. the ten-year is just south of 1.5. what happens when we welcome change? we can transform our workforce overnight out of convenience, or necessity. we can explore uncharted waters, and not only make new discoveries, but get there faster, with better outcomes. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change-- meeting them where they are, and getting them where they want to be. faster. vmware. welcome change. (vo) at t-mobile for business, unconventional thinking means we see

postal customers cannot redeem paychex in virginia and the bronx with gift cards out at $500.ces expect to expand the pilot into a fuller study. jim from plainfield, illinois, independent line. caller: my comment is that 10 years is a long time. we need to possibly consider that we could go into world war iii. we could have a depression worse than the 1920's. we could have coronavirus outbreaks, stocks can drop in one day, there could be a 9/11 incident worse than the original 9/11. trade with china could collapse. the job market could collapse. it is not going to be smooth sailing for the next 10 years. maybe, but maybe not. we need to have a safety net. host: a tweet from dcn -- cnbc executive producer saying that the justice department is to address threats against school officials so they can work without fear of their safety. threats against public officials are not only illegal, they run counter to our nation's core values." in virginia, your next up. that's right, you are from pennsylvania. go ahead. caller: i would like to say that this is god's world and god's country