. >> the tokyo olympics brought to you locally on nbc by prudential. millions of people rely on prudential's rock solid strength for investing and planning. who could have known that the right food could help your new friend live their best life or give your old friend new energy or that the smallest changes could make the biggest impact. you did. and so did we. that's why hill's always starts with a pet's biology to anticipate their ever-changing nutritional needs for differences you can see, feel and trust so you're always a step ahead. >>> people who are a month behind on event could soon be facing eviction. today is the end of the moratorium. advocates fear many will be forced out of their homes in the coming months. speaker pelosi says she's frustrated only a small amount has made it to those who are behind on their rent. >> why should the renters be punished for the fact that the system did not put money in their pockets to pay the rent to the landlords? >> here in california, governor newsom signed a law last month extending the state's moratori

like the millions of people who rely on prudential for financial planning and investing. ♪ who's yourgood monday morning. not our typical coastal clouds. these are monsoonal clouds. it is going to be humid today. we are watching out for a chance of thunderstorms this evening. >> and major delays holding steady. we'll keep track of that and i'll show you the bigger picture. >> tesla looking forward to profits. we do expect they'll set new records on the amount of money. see what the investment of bitcoin did. the value of bitcoin has been on a bit of a free fall but now recovering. the highest it has been in weeks. >> after another winning week. trade tacks as u.s. and china. lucid motors will go public through a spac and will trade shares. we don't have the patience for full explanation of spac. an unusual way to take a company public. becoming more common. >> no feud in the family of economists. saying shortages will continue through this year. the survey says we are in for that shortage for the long haul. >> big problem. we'll see if it changes come september, october. we'll see. th

like the millions of people who rely on prudential for financial planning and investing. ♪ who's yourning. here we are. cars already on the road. we have you covered on all fronts. 4:46 right now. checking that forecast coming up on a nice weekend. delighted to see all the clouds. just making for a really cool looking sky. we get a live look outside in francesco the rest of the week, it is hot and humid. for japan, we are watching a tropical storm. we could see a few pockets of light rain. not a lot of rain and lightening. we have dry veg tags as we look to our temperatures today, reaching into the upper 70s and parts of the east bay. morgan hill reaching 86 degrees. it will be a dry heat. heading into the weekend, we do see a cool down we go to san francisco and see the low 70s. sunday to monday, we have a few flows. those lights may be disstrakting as well. your longer drive coming in. no slowing from marsh creek road. over towards highway 242 just fine. a lot of traffic in both directions. >>> firefighters making a push to battle the dixie fire northwest of reno. destroyed structur

like the millions of people who rely on prudential for financial planning and investing. ♪ who's yourght now. let's take a live look outside. oakland, look at all the lights there. folks already up and out the door and that's why mike is keeping tabs on the morning commute. we're closer to the weekend, guys. >> yeah. >> not that i don't love being here with you. >> but the weekend provides a little extra something, too. >> yeah, people in the valley looking for our microclimates, and it has been cloudy but will clear out throughout the day. let's talk about air quality because we have seen changes in that recently. for the north bay it's just above the threshold from good to moderate. it's starting to get worse in parts of the santa clara valley. south bay looking good but elsewhere you do need to limit your time if you are sensitive to the smoke but it did give a beautiful sunset yesterday evening. all of the beautiful views of the sunset here, those orange skies we see. it's nice to see it at sunrise and sunset and not throughout the day. look at the temperatures reach into the uppe

like the millions of people who rely on prudential for financial planning and investing. ♪ who's youreat idea. [gasps] look at the little cutie. -he's coming for a visit. -hi. [chuckles] aww! oh! he's leaving! -nice work, guys! -introducing togo's new cheese steak melt, featuring fresh artisan bread, layered with tender seasoned steak, sautéed mushrooms, roasted red peppers, and smothered with melty american cheese. the new cheese steak melt, now at togo's. >>> getting started with your wednesday morning. good morning, san jose. as we get started with today. hey. cars on the road getting ready for the day. hey. you like that? wonderful wednesday. i like that. >> it's good. >> okay. not wacky wednesday? >> a little bit of that it feels like. i don't know why but it does. >> the weather looks pretty good for us. shaking the monsoonal moisture that we had. the fog rolled in. get a look at this beautiful shot of the fog and the salesforce tower. fog reaching 1500 feet. so above that it's all clear. i love that shot. let's talk about what else is going on because i have our near surface sm

like the millions of people who rely on prudential for financial planning and investing. ♪ who's yourere we go friday morning as we take a live look outside in dublin. we see cars on the road getting started with their day. where is everyone going? >> everybody up and out the door. >> going to the bottom of the screen you see that right there. >> that's where the party is. >> that's where the party is.ta they can get their weekend started early, right? >> that's what i like to hear. >> a lot of people do that. >> we're here for you this morning before we head out the door anywhere. what's the forecast going to be like? nice? >> yeah. pretty nice this weekend. the smoke should is be clearing out a little bit more. our temperatures still cool near the coast and hot for the valleys. our air quality as we check out that live view in emeryville this morning. a little bit of some low clouds and the air quality has been improving for the south bay, santa clara valley, but the bay and the coast and east bay, we're just above the threshold where it goes from good to moderate. not too bad. as w

like the millions of people who rely on prudential for financial planning and investing. ♪ who's yourrses dodgers round two, the two top teams in the n.l. west, back at it tonight. >> this game was over early. leading 1-0 in the top of the third. l.a. catcher will smith tripled to the deepest part of or cal, two runs score, the dodgers cruise to an 8-0 win. two teams closes out the series tomorrow afternoon at 12:45 at or cal park. >>> the a's cruise to a 10-4 win in san diego this afternoon. they scored four runs in the first inning and never looked back. sean manaea, flirted with the no-hitter and gave up one hit over six innings. another note, the a's made a big trade today. they got out fielder starling marte from the miami marlins. they sent pitcher jesusfor the 49ers. a few hundred fans allowed to watch, the fans watched the top draft pick trey lance and jimmy g, and we told you yesterday, garoppolo has been named the niners number one quarterback. >>> well, here's a look at the current medal count from tokyo. team usa still in the lead with 36 medals overall, including 13 goals

like the millions of people who rely on prudential for financial planning and investing. ♪ who's yourple the beef. triple the cheese. and triple the bacon... i call this burger the perfect triple threat. but you can call it the triple bacon cheesy jack. my $6.99 triple bacon cheesy jack combo. only at jack in the box. >>> 4:56 and despite breaking news that simone biles out of the olympics, it is still an exciting day at the games. >> hoda kotb with a preview of what's ahead on the "today" show. >>> coming up on "today," i am pumped. i have the assignment of a lifetime. i actually get to be in the venue where women's gymnastics are having the team final. we get to see jordan and grace and suni and simone, the g.o.a.t. herself. i will give you updates live from the venue. can team usa get the gold? i think so! but we're going to find out. join me later on "today." >> of course we'll have more on that as simone biles is out of the team competition. i want to you stick around for us at 5:00. as i was saying raj live from tokyo with more on the shocking news about simone biles pulling out

like the millions of people who rely on prudential for financial planning and investing. ♪ who's yourmes alaska airlines as the bay area's newest global airline, so you can fly to more places around the world. now alaska mileage plan members can easily earn and redeem miles worldwide. that means up to 1,000 worldwide destinations, and elite priority check-in and boarding, and elite international lounge access. that's a big deal for a big world of travel. go global with alaska airlines and oneworld. learn more at alaskaair.com/oneworld. >>> the california state university system is requiring all on campus students, faculty, and staff to get vaccinated before the fall semester. previously said they were going to wait until the fda fully approved the vaccine. currently it's fda authorized only for emergency use. they say the change is sparked by the delta variant. u.c. stanford also made the same requirement earlier this summer. >>> the cdc says younger students should be masked up when they head back to the classroom in the fall. we're talking kindergarten through 12th grade and that in

like the millions of people who rely on prudential for financial planning and investing. ♪ who's yourdeo of fire burning about 45 minutes south of lake tahoe. it's the tamarac fire and it's exploded to more than 65,000 acres. it started on the fourth of july near the town of marpleville. lighter winds have given firefighters an opportunity to cut new containment lines while hand crews are fighting the fire on several uad. >>> and the dixie fire has burned nearly 200,000 acres and is threatening thousands of buildings. the fire in butte and plumas counties gained more ground, up. although it has torched largely remote, unpopulated areas, it is now threatening thousands of businesses and homes along lake alminor's west coast. >>> firefighters are obviously very busy right now. there are more than 6,200 firefighters on the front lines as we speak. cal fire says they're battling more than seven major wildfires across the state. so far this year more than 382,000 acres have burned statewide, about 600 square miles. that's an area nearly three and a half times the size of san jose and flame

the investment management business of prudential. >>> 25 minutes left before the bell here's where weoses insight for the s&p 500, both up 1%. dow is up 225 points. >> every sector is green hight north. the associate stocks are flying. when we come bashes, citigroup eye 's tobias levkowitz joins us this is how you become the best! [wrestling bell rings] [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! ♪ ♪ nothing's gonna ever keep you down ♪ [triumphantly yells] ♪ you're the best! around! ♪ [ding] don't get mad. get e*trade and take charge of your finances today. ♪♪ it's a wishlist on wheels. get e*trade and take charge of your finances today. a choice that requires no explanation. it's where safe and daring seamlessly intersect. it's understated, yet over-delivers. it is truly the mercedes-benz of sports sedans. visit your local mercedes-benz dealer today for exceptional lease and financing offe

the investment management business of prudential. >>> we are back.lee cooperman with us tomorrow we'll have all of your market action covered those two joining me we look forward to the conversation we'll have then all right. friday was nasty andtoday look and feels worse. leave us with words of wisdom. a final trade or whatever you have to say to the viewers >> i think the nastiness is overdone my final trade is financials fundment tales are strong. the yield move is overdone when it comes back it'll be a nice tail wind and nibble on financials. >> great having you on the program. >> raetzon i like it this is by those at 2.5% dividend >> morgan stanley. what i said before. >> okay, joe. >> market access. >> international game technology thank you for watching "the exchange" is now. >>> hi, everybody. it's an ugly day in the marjts the dow tumbling 800 now close to 1,000 points. we're at sessions lows now it's the worst day of the year for the major averages the 10-year yield is dropping well below 2.1%. bitcoin is sinking toward 30,000 energy is plu

you know it from prudential, their iconic effort since 1875. out of that it has become pgim.ker with the spirited conversation with the ceo taking a victory lap at pgim. erik: absolutely. that ceo is david hunt. always a delight to have you with us on bloomberg television and bloomberg radio. david: good morning. right to be back with you. erik: we heard it from jay powell and no doubt he will say the same today. too early to pull back on monetary stimulus. let's translate what that means for investors for monetary markets as someone who speaks for $1.5 trillion. is now still a good time to be taking a risk or is now time to get cautious? david: first a few comments on the chairman's remarks yesterday. i think he will say exactly the same thing today. without any doubt, the place to look is the labor market. there is all this noise about the monthly cpi that comes out. i would encourage your viewers not to spend a lot of time on that. all of the action is around the labor market. that is what you need to do to understand the direction of the fed and understand inflation. the

some of whom would command to the regular british army and enter what became known as prudential residentsers would go into newly structured loyalists militia. and the idea was the british army would drive the rebels out of that area and in the loyalist relations would come in behind the british army and take possession of that area and pacify the area. workout, missus once the united states assuming its independence might have looked like following the war. the area in red is the area that would be the united states. everything else on their and white, would be possessed by the british. so if jermaine's plan can out in georgia and south carolina and north carolina and virginia were retaken, british already had east and west of florida and they had gained that in the war that ended in 171763 and still had control of the trans- appalachian and still in control of canada. so the united states would've been small and weak and surrounded by a great your pan tower. and it would face marion certain future. in fact there were many that thought if this played out, and his fashion, and and not very

masonic parade with the grand master of the united england at the time parading, showing off its prudential'swhich is now zimbabwe firmly part of the british empire. free masonry support network for british imperialists on their travels around the world. one of the secrets of free masonry success and distressed masons the widows of masons can get from the brotherhood. but also free masonry gate and imperial soldier and imperial bureaucrat traveling from sake canada to south africa, to india a kind of home from home. an instant social life. an instant network. also free masonry values repeatedly provided a cover story for imperialism. the idea it was the british were just conquering the world because they wanted to own large parts, they were doing it in the name of universal brotherhood and so on and so forth. there's something fundamentally deceptive about the weight masonic values were provoked on a freemason during the long history of the british empire. the other histories much more american. despite free masonry universal values embracing tolerance from the beginning, free masonry in amer

like the millions of people who rely on prudential for financial planning and investing. ♪ who's your yourself in gaming? ♪ then make a name for yourself. even if your office, and bank balance are... far from glamorous. that means expensing nothing but pizza. your expenses look good, and your books are set for the month! ...going up against this guy... and pitching your idea 100 times. no, no, no! no. i like it. -he likes it! ...and you definitely love that. intuit quickbooks helps small businesses be more successful with payments, payroll, banking and live bookkeeping. >>> we're coming up on 6:42. as we look at storm ranger we've seen showers surrounding the bay area, but we're walking out the door to dry conditions. i'm tracking this monsoonal surge of moisture and the chance of rain we could have coming up in a few minimum. >>> and san jose surge not so bad. not what you would expect. all the slowing for 101 farther up the peninsula and, of course, getting to the peninsula. the dumbarton bridge, another one to watch. we'll show you coming up. >>> thanks so much, kari and mining. 6:

constitutional text, they spoke about precedent, they spoke about constitutional structure, they spoke about prudential considerations and they also spoke about tradition. these are today what constitutional law professors refer to as the modalities of constitutional interpretation with a tip of the hat to professor phillip bobbitt. these are the basic forms of constitutional interpretation and all of them appear in the southern manifesto. when i teach the modalities of constitutional interpretation i use the southern manifesto to ask the students to identify the forms of argument. the first in the sort of dominant mode is that they say that the decision in brown betrayed the original understanding of the 14th amendment. they say we've looked at the debates in congress and there's no reason to believe that they thought that schools should be integrated. after all, they say, the very congress that discussed the 14th amendment and that crafted the language would subsequently have racially segregated schools in the district of columbia so how can you square brown versus board of education with the origina

the investment management business of prudential. ♪ ♪ experience, hyper performance that takes you furtherolden opportunity sales event. get 0.9% apr financing on the all 2021 lexus hybrid models. experience amazing. >>> the milwaukee bucks winning the first nba title in 50 years last night, edging phoenix to win in six games owner mark lasry joining us now to reflect on that probably a little tired. but nonetheless, what a win. congratulations. >> thank you so much, scott. yeah, no, i've been up all night. yeah, it's a great feeling and it was a phenomenal game >> i think we have some video of you hoisting the o'brien trophy. as we look at that can you give us an idea of what this felt like from, you know -- you bought the team for $550,000,007 years ago. and now you reached the mountain top? >> you know it's a bit surreal because everybody tells you it takes forever to win a championship and you got to get lucky and we did you know, it's a phenomenal moment because yesterday i went out before -- you know, before the game, and we had 50,000 people outside i was walking around you could fe

the investment management business of prudential. tailor made or one size fits all?, you don't have to choose. that's why insurers are going hybrid with ibm. with watson on a hybrid cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you. >>> all right. we'll get to final trades in just a moment. a reminder you're going to hear from fed chair jay powell at 2:00, news conference coming after that 4:00 p.m., facebook reports its earnings pete, give me a little walkup to facebook, please >> i'm coming in very bull ush on this one. i love the setup the stock has been running all here a lot of these have paused and pulled back. i think facebook will continue to the upside. snap, twitter, google, that says a lot of what we're going to see. i think that's a blueprint for what we're going to hear tonight from facebook. >> we heard from kourtney saying it's her large

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like the millions of people who rely on prudential for financial planning and investing.our rock? ♪ >> jimmy: hey, tariq, you ready for the olympics >> tariq: are you ready for the olympics >> jimmy: the readiest ♪ yeah blue white and red ♪ ♪ the colors of my sheets on my cardboard be 'cause we're in toky where i ride the rend ♪ ♪ to play water pol going for the gold nose plugs sounds like i got a cold ♪ ♪ but we just keep winnin no time to synch the synchronized swimmin paddles up 'cause i'm ♪ ♪ ready to roll gonna row row ro gonna row that boa spent all last year ♪ ♪ learning taekwond woah it's time to represent your country ♪ ♪ no matter where you're fro waking up at 2:00 a.m ♪ ♪ to watch a ♪ ♪ little badminto catching stock with socks o we're playing football ♪ ♪ pour yourself some wheatie time to win it all this olympics ♪ ♪ this olympics this olympic this olympic we gon' win ♪ ♪ some medals pushing pedal 'cause i ride a bm or spot me weight liftin check this flex ♪ ♪ i ran a biathlo triathlon is nex on the archery range i wear my safety specs ♪ ♪ volleyball in the s

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the investment management business of prudential. >>> tonight the battle over voting rights.id fright. the scam robbing millions of americans. >>> live overlooking new york city's times square, this is the big show, "fast money. i'm dom chu in for melissa tonight. next to me, karen finerman tonight on the show we are breaking down the banks. goldman sachs and jp morgan both falling today. you can see after reporting their results, there is another big slate of bank earnings coming your way tomorrow morning. we have your setupcoming kcominh show

managers filed to evict presidents including morgan stanley, aries management, the carlyle group, prudential while many ventures have faced dramatic hardships the corporate landlords have done extremely well and are growing. eprivate equity firms with progress and front yard residential together filed 1700 eviction actions his last september r those a former goldman sachs banker who made a fortune during the global financial crisis said the mortgage market is getting rich as those that lost her home topa foreclosure in april 2021 as his company was filing evictions he purchased a $25 million mansion in miami beach the largest rental homes in the us filed 880 actions since last september and sought to challenge those hardship declarations prices increased 44 percent over the last year. canadian owned apartment companies filed to evict 30 percent of its residents since april 2020. large landlords continue to file advance eviction cases rather than work with them to access $50 billion of rental assistance congress made a valuable for them to be paying to stay in their homes. 's when the first d

the investment management business of prudential. >>> amazon moving lower.eak down the numbers is ed lee from "new york times," and tom forte, from d.a. davidson good to see you both tom, it looks like you were at about $116 billion for the forecast for the second quarter, revenues came in a few billion light of that? where did they miss? >> i'd like to hear on the call to what extent this is a rye flex of supply-chain related issues, things of that nature. did they see consumers lead into travel and lean out the profitability is obviously very good, so what are our thoughts at a high level. you would have though the where prime gale in the quarter, perhaps expectations just got too ahead of themselves. look for additional details and not exactly the first quarter that andy jassy was hoping to have as ceo. >> actually, to that point, it seems like a bit of a bumpy opener, and maybe the bar is a bit lower, you can be conservative about the guidance, and i wonder what it does about the composition of the -- i know it's all the big-picture stuff. >> i think tha

to evict residents including morgan stanley, three-star real estate partners, the carlyle group prudentiald cbr e. while many renters faced hardships during the pandemic they have done extremely well and buying more housing private equity firm which owns rental home companies together filed at least 1700 eviction actions since last september a former goldman sachs banker made a fortune during the 2008 financial crisis getting rich is millions of homeowners lost their homes to foreclosure. purchasing a 25 million-dollar mansion in miami beach. largest owner of rental homes in the us 880 eviction actions since last september and to challenge the declaration of several residents stock prices increased by more than 44 percent over the last year. canadian owned apartment company filed to affectmp 30 percent of its residents some large landlords continue to file rather than working to access $50 billion of rental assistance that congress made available to pay back rent and stay in their homes filing residence in the first eight days of january days after congress made rental available and then t

the investment management business of prudential. >>> square moving a bit higher after ceo jack dorseyrprise announcement. kate rooney has the details. >> jack dorsey is building a new business dedicated to crypto, specifically decentral icedecen finance, also known as de-fi dorsey naming the new and building this in the spirit of the bit counsel. speaking of bitcoin, robinhood and coinbase are going head to head in the trading business it seems like robinhood had a step up. robinhood sauce about 1.6 million new app installs in april. and coinbase did not off dogecoin trading in april. back in january, though, robinhood user on that app for an average of one hour per week. that fell to about 30 minutes in the second quarter and a big risk, guys, for robinhood as it heads into the ipo. elon musk on "snl" dogecoin rallies and gamestop >> tbd, the bitcoin desk, if they want to stick to those letters. >>> time for a cnbc news update. >> here's what's happening at this hour. officials from germany say the cleanup is underway even as the search for hundreds of missing continues. the death to

the investment management business of prudential. all the things, all around you... where you learn, work, and fly... we help make them healthier. we are the people of abm. for more than 100 years, we've been a leader in making spaces cleaner, from the things you touch to the air you breathe. today, more than 100,000 of us are innovating to ensure spaces are more efficient, healthier and safer. abm. making spaces healthier for you. >>> shares of restaurant brands moving higher, following an earnings beat. the company saw the profit more than double. digital sales grew by nearly 60%. it increased the share buyback to $1 billion. joining us is jose cil welcome back to the show, jose great to see you. >> great to see you as well. thanks for having me >> you're welcome. a strong quarter where are you in the various brands relative to where you were, are we back to full business >> yeah, we've seen some good momentum coming occupy q2, so we're excited and positive about the momentum we have we've seen them accelerate significantly in the

prudential made $10 million contribution to remove m barrie to financial wellness in underserved markets. couple mines deployed $3 million to cdfis, the naacp and score to support black-owned enterprises in indiana, minnesota, and tennessee. duke energy deposited $5 million into optus bank, a black-owned bank in south carolina. bank of america made more than $350 million in various investments across its primary focus areas ofme health, jobs, affordablea housing, and small businesses. our member companies are also committed to increasing diversity and inclusion in their workplaces from the top down. business roundtable announced a multiyear effort to a reform thr hiring andg talent management practices and address inequiies in employment practices. we know that there's a long way to go on this. these are just a few of the many examples of our member companies that have made good on their promises. one year of work cannot undo the centuries of harm done to black americans and other peopleur of color. there isnd o so much more that s to be done to address the racial wealth gap and other in

the investment management business of prudential. >>> welcome back bitcoin climbing above 30,000, ahead. the one organized by jack dorsey open money initiative cofounder joins us now jill, thanks for being here. is there anything that wood, and musk, cathy wood, elon musk, jack dorsey, is there anything they could say at this event that would move bitcoin one way or another >> i mean goodness knows whatever elon musk says, it's been proven over the last six months, can move markets so i'll be keeping my eyes on the headlines out of that event. it's important to note it's going to be a fairly balanced crew up on stage together. jack dorsey is making investments in crypto and bitcoin via infrastructure he's building out through square and desensitives areas of twitter. and wood is one of the biggest proponents who knows what side of the day he woke up on and where he'll come out it will be a balanced crew regardless and it will be interesting to see the headlines that kp from that discussion. >> what side of the coin musk will turn out to be. you bring opgood point with regard to musk bec

the investment management business of prudential. >>> it's time for a cnbc news update with rahel solomonnel maker solar city a shareholder lawsuit blaming musk and others for a deal full of conflicts of interest that never delivered the profits he promised musk testified he had nothing to gain since he owned shares of both companies musk also objected to the questions by the opposing lawyer saying i think you're a bad human being. >>> protests in communist cuba as thousands take to the streets railing against food shortages, power outages and rising covid cases. cuba's president blaming america calling the u.s. embargo the politics of asphyxiation president biden says the demonstrators are asserting their rights and the u.s. government stands with them. >>> in texas democratic lawmakers leaving the state in another revolt against the gop overhaul of election laws, the move meant to deny republicans the quorum needed to pass the voting bill. >>> on "the news with shepard smith" democrats say they are ready to stay away for weeks that's a move that could land them all in jail that's coming

the investment management business of prudential. ♪ ♪ ♪ cisco. the bridge to possible.dards safety technology on a full line of vehicles. at the lexus golden opportunity sales event. get 1.9% apr financing on the 2021 rx 350. experience amazing. >>> welcome back to "squawk on the street." we're going it get a chick on markets. 142 points just earlier crossing above 35k. the s&p is 43, 85 is your level there. the nasdaq slightly higher and major averages is in general and joining us now are vmo, global asset management and j.p. morgan asset management's asset strategist given the sharp pullback we did see monday, and given the fact we've not only reversed the losses, but we're poised to make solid gains, what else did change >> it felt very technical by nature, very systematic. so, to me, that was more about the trend following derisking. but everybody is recognizing the fundamentals are in pretty good shape right now. that might be softer than people had expected obviously, inflation data is coming in high for the growth data but we're still set for one of the best year

the investment management business of prudential. ♪♪ ♪♪ ♪ there she is, miss america ♪ ♪ there she is♪ ♪ miss america ♪ ♪ there she is ♪ >> shares of robinhood slumping in its debut they were hoping for a rebound a day which could still happen how they stack up against these highly anticipated thinking about value if something was 12 years ago with a great company and ideas it is still a great company. if people take a close look at risks and regulatory issues. it may be not surprising >> their growth over the past year has been spectacular. it is 100% leverage to speculation. we had enormous speculation in crypto in general, seems to be cooling off a little bit it's not surprising. the big lesson in ipos people are forced to learn again and again, you can't say yes, give it to me you have to say, what do i think it is worth? where am i comfortable buying in investors do get lured into this they think it is free money, just put in the order and certainly everybody got creamed here yesterday we should have known you'd never let them in on the ipo. it just doesn't happen they keep the m

the investment management business of prudential.xperience our advance standards safety technology on a full line of vehicles. at the lexus golden opportunity sales event. get 1.9% apr financing on the 2021 rx 350. experience amazing. i'm evie's best camper badge. but even i'm not as memorable as eating on the 2021 rx 350. turkey hill chocolate chip cookie dough creamy premium ice cream and chasing fireflies. don't worry about me. i'm fine. you can't beat turkey hill memories. show me the olympics. [ "bugler's dream" playing ] ♪ ♪ ♪ ♪ ♪ ♪ >>> shopify achieves its first $1 billion revenue quarter on record joining us this morning for a cnbc exclusive, shopify's ceo. harley finklestein you had interesting comments about e commerce normalizing stock did trade down a little at the open but has recovered can you explain a little further what you've been trying to convey >> this has been a year of great uncertainty for entrepreneurs and small business we want to give entrepreneurs around the world the best chance to create certainty. we're

regulated an unregulated in connection with a number of different federal and state regulatory and prudential regimes. at the outset i want to note there are a lot of use cases for block chain and digital ledger technology for which cryptocurrency serves as the fuel. i urge this subcommittee to engage with organizations that are working at the grassroots level to establish industry respond erred voluntary self-regulatory associations for digital asset and crypto markets on a global basis and at the national level because i think there is a lot to be learned from them. i also want to point out if we are going to innovate how we regulate new markets it calls for a new kind of financial regulator. at a minimum we need financial regulate thars reflect the diversity of retail invest err who are active or want to become active in the crypto markets. as advocates for responsible innovation i don't think the crypto industry has been very good at pushing forward diverse voices but we can and we should and we will do better on that front. however, we are here today to talk about the retail investors wh

the investment management business of prudential. >>> delta airlines posting better than expected resultsthe ceo ed bastian earlier today phil >> david, given the number of people who are now flying in the u.s., it is not a surprise that delta beat on the top and bottom line when it comes to the first quarter with the smaller than expected loss and better than expected revenue the real focus is what are we going to see for the second half of this year profitable third quarter and fourth quarter is what the company is expected, the delta variant, ed bastian says it is not hurting their bookings at this point and the corporate travel, that's the real focus, it has been improving, it is expected to be down, just 40 to 45% in the third quarter. here is bastian talking about the return of the business traveler >> people are still working from home when we surveyed our customers as of last week, over 95% of them tell us that they will be open and back in their offices no later than the end of this year i think that's going to be the big catalyst people that are traveling on business need some p

the investment management business of prudential. ♪ watch the olympic games on xfinity ♪ ♪ root for team0 plus hours of the olympics on display ♪ ♪ with xfinity you get every hour of every day ♪ ♪ different sports on different screens, ♪ ♪ you can watch it anywhere ♪ ♪ and with the voice remote ♪ ♪ you never have to leave your chair ♪ show me team usa. ♪ all of this innovation could lead to some inspiration ♪ ♪ and you might be the next one to represent our nation ♪ ♪ this summer on your tv, tablet, or any screen ♪ ♪ xfinity is here to inspire your biggest dreams ♪ >>> welcome back to "squawk on the street." a major milestone for commercial space yesterday as virgin galactic successfully completed its unity 22 mission to the edge of space a test flight that had among its six crew sir richard branson, the founder. after a performance by singer khalid and champagne-filled ceremony in which branson and the rest of that crew received their astronaut wings, this was a celebration filled with the flash and swagger synonymous with the overarching version brand. i spoke with branson about his ex

the investment management business of prudential.w me the olympics. [ "bugler's dream" playing ] ♪ ♪ ♪ ♪ ♪ ♪ >>> hazard's higher this morning after beating the street as the film and tv-related businesses return to growth joining us hazard chairman and ceo brian goldner to talk about the quarter. good to see you. good morning. >> fascinating quarter revenue up 54. consumer products up 43. s entertainment up 47. what about people that thought there was no way you could lap last year's comps this year? >> we talked about this in the fall it was great to see the e 1 business accelerating, our tv and film productions up and running, a big new dungeons and dragons movie in product for first quarter 23 we are division a teachers series in broadcast. our wizards of the coast business is really accelerating. we are ahead of schedule with our doubling of that business over a five-year time horizon and we believe more growth is absolutely accomplishable and we will set our objectives and targets for stakeholders in the near term for the next p

like the millions of people who rely on prudential for financial planning and investing. ♪ who's yourded to team usa's olympic medal count. >> katie zaferes took home the bronze in the women's triathlon, third american ever, men or woman, to medal in that event. wait until you hear about the inspiration that drove her and the sign she a saw on the way to olympic glory this morning katie, welcome and congratulations to you >> thank you so much for having me >> it just took place right out here is it sinking in you have the medal around you. >> i'm very happy. right back there in that water >> there you were. >> let's talk about the story savannah just mentioned. i understand that in 2015, you struggled. and then a little bit better the next year, a little bit better the year after that. and then this year, first olympic gold but there was this terrible crash along the way. >> there was >> tell us about that. >> so in 2019, i had my best season ever and won multiple races. here at the test event, which was our first way to automatically qualify, i crashed into a barrier and broke my nos

the investment management business of prudential.lans for a long weekend. assets you allocate, and ones you hold tight. at thrivent, we believe money is a tool, not a goal. and with the right guidance, you can get the financial clarity you need, and live a life rich in meaning, and gratitude. to learn more, text thrive to 444555, or visit thrivent.com. jerry is here! j! mate, how are ya!? it's so good to see you. good to see all of you, yeah! why is jerry so... popular? it's been like this ever since we started using workday. what do you mean? it makes it easier to develop great relationships with our suppliers. now everyone, everywhere loves jerry. they sure do. they do. they really do. mmhmm. workday. finance, hr, planning and spend management for a changing world. [music plays.] ♪ ♪ ♪ ♪ >>> it is a good one google announcing most employees can expect to return to the office mid-october and to be on campus, they'll have to be vaccinated is mandated vaccination the right move john, you sure you want to do this john ford here to weig