seventy-five-dollar credit when you post your first job at indeed.com/promo >>> welcome back i'm rahel solomon's the covid update. tropical sigh loan making land fall today the storm killed at least 12 people and suspended vaccination states in a state. officials are worried that the winds could cause significant damage to roadways and disrupt shipments of medical supplies. >>> taiwan reporting 700 new covid cases over the week. the spike is troublesome for the island that largely kept the outbreak in check and reported only roughly 2,000 cases since the pandemic started >>> the u.s. boosting its global vaccine sharing commitment to 80 million. shots from pfizer and american and johnson & johnson will be sent by the end of june. >>> the uk is lifting international travel ban today residents will not be required to quarantine after traveling to countries low risk a big winner is portugal. >>> tonight reports from athens and london for a firsthand look at how people react to the loosening of those restrictions good news. back to you. >> i thought you meant, athens, georgia. >> a little bit more

time for a cnbc news update with rahel solomon. hi, rahel. >> hello good to see you.'s happening at this hour, everyone >> a government says u.s. support of waivers is a significant step but many questions remain about how to improve global access to more vaccines a new poll shows tepid support for vaccinating children the kaiser foundation 30% of parents with kids ages 12 to 15 will get them vaccinated as soon as shots become available. 26% are taking a wait and see approach 18% say they will only do it if schools require the shots. one in four say they will definitely not get their kids vaccinated. >>> this is sweet n holiday anderson, researchers trained bes to detect the coronavirus. test results come back in seconds. the bees use their sense of smell and stick out their tung to indicate a positive result. the reward is a drink of sugar water. they train them if there is covid you get some water, stick out your tongue. if there is no covid, no water, don't stick out your tongue. >> bees have tongues i guess to get the pollen out of the flower. >>> retail detail. h

here's rahel solomon >> reporter: for earl mccarthy, this summer is looking much brighter >> it was pretty to food pantries >> reporter: he was let go from his job as a sales counselor because of the pandemic, with a pandemic to provide for, he applied for unemployment benefits in his home state of georgia. then he waited, waited and waited. >> i anchored on my faith during that time to get me through it we just didn't know. >> reporter: it took six months for his benefits to arrive while he was waiting, he discovered unemployed action, a grass-roots organization started on facebook, now boasts close to 16,000 members. >> a national space for people experiencing unemployment to come together, support each other, problem solve about access to the system, and most importantly to take action together. >> that action includes everybody from working phone banks, organizing protests, even just helping each other navigate unemployment forms one of the groups top priorities is pushing congress to expand benefits >> we have a tremendous amount of variation between states, which often results in rea

let's get ba to rahel solomon. >> good morning.owing maritime traffic on the mississippi risker that will start to alleviate a backup of dozens of vessels and 1,000 barges the movement was stopped between tennessee and arkansas it has determined it is safe to travel under that bridge as repairs continue. the positive effects of government stimulus checks appear to be fading. u.s. retail sales unchanged in april. a small increase had been expected the stagnant sales in april a big contrast from march when they soared almost 11% >>> new york representative elise stefanik all smiles. house republicans voted to put her in the leadership post that had been held by the now ousted liz cheney cheney, of course, has been very critical of president trump's claim that election was stolen from him stefaniak, meantime has been supporting him >> i believe that voters determine the leader of the republican party and president trump is the leader they look to i support president trump. votingers support president trump. he is an important voice in

rahel solomon, has that for us. >> hello, everyone the u.s.as reportedly told russia it will not rejoin the open skies arms control pact president trump took the u.s. out of that last year. >>> afghanistan's government and armed forces are strong enough to stand on their own. "the new york times" reports that dozens of afghan military outposts have already surrendered to the taliban >>> with enough votes to end debate, the senate is moving to pass broad legislation designed to make the u.s. more competitive with china >>> and in south korea, mcdonald's is working to stay competitive. the company bringing in young people with a special meal inspired by the popular k-pop group bts. it features chicken nug gets, french fries and a coke and dipping sauces that are said to have been picked by the members of the band. it is available in 50 countries, including right here in the u.s. through the end of june. sara, it seems this is the thing they are doing travis scott had that deal it seems like if you're a celebrity these days, you have a meal. >> t

>>> welcome back i'm rahel solomon. here's the covid update.e minister johnson says that the covid variant of india has the potential to derail lockdown easings in england saying that the variant from india looks to be more trance transmissible. >>> reuters says the new mask guidance says fully vaccinated people don't need to wear a mask in federal buildings or on federal lands. >>> tonight on "the news with shepard smith" how communities and businesses are dealing with the new cdc mask guidance. >>> japan further expanding the state of emergency the country is struggling to slow infections ahead of the tokyo olympics opposition to the games is growing. anti-olympics protesters submitting the petition with more than 350,000 signatures to the tokyo government calling for the games to be canceled you're up to date. back to you. >> thank you. >>> we have new developments in the colonial pipeline hack eamon? >> reporter: yesterday we saw president biden suggest the u.s. government to respond to dark side which is the entity that hacked the pipeline

a news update and turn to rahel solomon. hi. >> good morning.as you mentioned there, jobs growth slowed sharply in april and employers added 266,000 new positions, about a quarter of what was expected. of it the biggest miss since 19998. the employment rate rose. >> bond and gold prices jumped on the news but trimmed their gains. stocks are rising with the s&p and the dow industrials setting all-time highs the dow up for its fifth day in a row. the white house says that a course correction is not needed following the weak employment report marty walsh dismissing the idea that stimulus checks are keeping people out of the labor force and says millions of americans are still out of work. >> under normal circumstances we're not living in normal circumstances, the 266,000 job gain a month is a good number. we're still in the midst of a pandemic and if you look at the last three months the united states economy has added 500,000 per month as compared to the previous three months where it was 60,000, so we're going in the right direction. >> and presi

. >>> welcome back i'm rahel solomon.e is your cnbc news update at this hour. >>> thousands of palestinians are leaving their home, seeking refuge from israeli tank fire and airstrikes in the northern portion of the gaza strip. israel says it is targeting a network of tunnels built by militants to the stop hamas rocket attacks >>> the homeland security committee announcing that they've reached a deal to create a bipartisan panel to investigate the january 6th assault on the capitol minutes later house gop leader kevin mccarthy said he didn't know about it and had concerns >>> in oklahoma a high-speed police chase ending with a crash, though the suspect was wanted with threatening someone with a gun after the collision you see there, he attempted to get away on foot. fortunately, no one was seriously hurt, but a nearby business owner of a liquor store telling the local nbc station apparently it is never a dull moment on that corner. >>> scott, back to you. >> we appreciate it, rahel thank you. rahel solomon. >>> disney sha

see what we're up to at xfinity.com/commitment ♪ ♪ >>> welcome back i'm rahel solomon. your cnbc news update at this hour. >>> for the first time the department of homeland security is preparing cybersecurity regulations for pipeline operators. the move comes after the colonial pipeline ransomware attack the pipeline supplies fuel across much of the east coast. >>> u.s. health officials say covid infections remain rare among people who are fully vaccinated through the end of april the cdc says it has identified just over 10,000 cases among people who have received their shots, a group that included 101 million americans at that point. >> and european union leaders say they've reached an agreement on digital travel certificates that would track covid vaccinations and help resume travel on the continent. the eu plans to have the system up and running by july 1st scott, you are now up to date. back to you. >> rahel solomon, thank. >>> bill ackerman is listening to investors as we speak what is he saying? >> that's right. bill ackerman providing an update for his investors

. ♪♪ ♪ ♪ >>> welcome back i'm rahel solomon.r cnbc news update at this hour. >>> american airlines and microsoft among dozens of companies that have signed a letter opposing a new election bill in texas. they say they oppose any measures that would restrict access to the polls for eligible voters a number of voting bills are expected to be considered in the coming days. >>> severe weather continues to hammer much of the south warning cover an area that is home to 11 million people from georgia to texas, and north texas, at least two tornados have touched down, accompanied by hail the size of golf balls >>> and in new york city severe winter weather will no longer be a cause for celebration among school kids. public schools there say that they will replace snow days with remote learning in the next school year. the nation's largest public school district says that it is taking a page from the pandemic playbook where remote classes also replaced snow days. scott, it is an end of an era, an end to snow days. so sad. >> you knew tha

. ♪ ♪ >>> welcome back i'm rahel solomon. here is your cnbc news update at this hour. research supports what many are expecting, a big drop in covid casualties this summer as vaccination levels continue to rise. the study, however, also warns that hospitalizations and deaths could jump, that's if unvaccinated people don't wear a mask or maintain social distancing six separate groups made probations, and the most optimistic of them forecasts less than 50,000 new infections per week by the end of july. >>> the number two republican in the house is calling for the removal of liz cheney as the party's third highest ranking leader in the chamber. steve scalise's comments are the first explicit call from gop leadership for cheney's removal. >>> israeli opposition leader has been tapped to form a new government, and if he is successful it could lead to tend of benjamin netanyahu's run as israel's longest serving prime minter >>> 7-eleven operators want to close at night because of worker shortages. historically franchisees were required to stay open 24 hours a day, but that r

i'm rahel solomon. your cnbc news update at this hour. >>> senate republicans blocked a bill to investigate the january 6th insurrection on capitol hill the legislation failed a procedural vote. the final tally was 54 to 35, six votes short of what was needed to advance the bill >>> on ""the news with shepard smith" what happens next and the consequences are for those who voted for and against the investigation. >>> a judge has appointed a special master to protect attorney/client privilege during the review of materials seized from rudy giuliani the judge also rejected arguments that the seizure should not have been allowed as a request from golf links's lawyers, for prosecutors who divulge information on how they obtain search warrants >>> a long-delayed infrastructure project got a key environmental approval proponents say the $11 billion tunnel under the hudson river between new york and new jersey would speed up train travel up and down the eastern seaboard. the existing tunnel is 110 years old and

. >>> welcome back let's get to, guess who, rahel solomon for a market flash. >> hello again, melissa the home construction and improvement players firmly in the red. all five stocks on your screen were all trading at all-time highs yesterday, clearly pulling back today in fact pultegroup and lennar are both down. you mentioned this at the top of the show, home depot, it's the worst dow component pulling about 70 points from the average and on pace for its worst day since november you can see it's down about 3% courtney, i'll send it back to you. >> thank you very much, rahel. if we had more time left in the show we'd see you again. >>> let's talk apple now the stock has lagged this year, down 6%. the oracle of omaha, warren buffett, and the so-called new oracle, cathie wood, are of different minds on this particular stock cathie wood recently selling some of her apple decision and warren buffett says he regrets selling some of his holding. so who's right about the future of the tech giant? dan ives is here as well as tim higgins, a tech correspondent with the "wall street journal. da

. >>> welcome back i'm rahel solomon, here is your cnbc update.resident biden is expected to announce increase in fund to go help communities better prepare for extreme weather. "the washington post" says biden will make the announcement in about an hour when he visits fema headquarters. >>> police officers will continue to be immune from many types of lawsuits. the supreme court decided it will not take up a case that challenged that qualified immunity the case was brought by the family of luke stewart, a black driver fatally shot by a white officer near cleveland in 2017. >>> more diplomatic reaction to belarus diverting a jet to arrest a journalist. this was after -- the white house says belarus' action are shot the that demanse an international investigation. the czech prime minister likens it to state-sponsored terrorists you can see more and how sanctions may affect air travel tonight on "the news with shepard smith. you are now up to date scott, back to you. >>> blackrock's kate moore, what do you make of mike san tollist's thesis, and he w

. >>> welcome back i'm rahel solomon. here is your cnbc news update.r travel and tourism groups are urging the u.s. and britain to fully reopen air travel between the two countries, and a letter to president biden and prime minister johnson saying that many restrictions can safely be dropped to have travel business rebound >>> one of the darkest nets have been broken. >>> moderna will donate vaccines to developing nations. moderna's deliveries are sit to start in the last few months of this year. >>> the head of the world health organization says the covax programs needs billions just to vaccinate adults for next year back to you. >>> bob pisani has today's etf edge >> one sector continue the with record inflows another record quarter, another record month joining us is the man who runs the biggest etf family in the world. e's armando senre. you launched the carbon transition readiness etf you just did the that two weeks ago and you already have $1.3 billion in assets. has climbbecome the wheel steer the esg ship >> for investors, climate is top of min

i'm rahel solomon. here is your cnbc news update.overnor of new york says, let's open governor cuomo speakings in last hour they're adopting the new cdc guidelines on masks. fullry vaccinated people do not need to wear one except on public transportation. and tonight on "the news with shepard smith," the controversial question of making covid vaccines mandatory for healthcare workers. >>> the u.s. supreme court will hear a kay involving a mississippi law that bans most abortions after 15 weeks of pregnancy. abortion opponents hope the additions to the supreme court will weaken the roe v. wade decision >>> inmates will need to choose between the electric chair or a firing squad lethal injections have put executions on hold there for ten years. >>> an associate of house of representatives matt gaetz pleads guilty a good the representative continues to deny doing anything wrong. >>> thank you, rahel >>> bob pisani has today's etf edge >> money continues to pour into etfs, but bonds are having a tougher time of it let's talk with charles

. >>> welcome back i'm rahel solomon. here's the covid update.given the government a day to come up with a plan to meet the growing oxygen needs of hospitals. meanwhile long lines are forming in the country as people desperately wait to refill oxygen cylinders. >>> a federal judge overturning the national eviction moratorium ruling that the cdc does not have the authority to impose such a measure and meant to protect struggling renters from becoming homeless in the pandemic the justice department is appealing the decision. >>> google's new hybrid work model offers more flexibility saying that 20% of the workforce will remain remote full-time after offices reopen and all others send four weeks working from a different location. >>> and there's something fishy going on in the japanese town. it's being criticized for using covid relief funds for this statue local officials say they hope it boosts tourism and bring awareness to the fishing industry dom, you are up to date. >> i'm not sure. maybe i would go see the giant squid statue. >> we are talkin

i'm tyler math son with rahel solomon. inflation is the story of the day. the cpi coming in hot. the markets not liking it. rates are rising tech stocks falling. but is this inflation just transitory we have been hearing that word a lot and likely hearing it more. >> we are already starting to see gas shortages in the southeast after the colonial pipeline hack. will they come to a gas station near you >> if you have been spending the bitcoin on a coffee, a dinner, a car what you need to know before you file the next year's taxes "power lunch" starts right now >>> we begin this hour with that inflation fueled selling for stocks tech stocks in particular. the nasdaq down 2% today and in danger of turning negative for the year let's go to bob pisani at the new york stock exchange for more on today's selloff bob? >> we are seeing stocks react negatively to mozestly higher inflation figures. not clear it's bad for stocks at this level in the long run but nobody's asking any questions today. the average stock down 1.5% today. volume is heavier. sectors with run-ups are lower retail wit

. >>> welcome back i'm rahel solomon.ia is scrambling to prevent the collapse of the health care system exams for doctors and nurses in training have been shelved to free up people with experience to help battle the outbreak. >>> the impact of india's covid crisis could be devastating for poor nations waiting for vaccines from the covax. the world health organization is looking for new donors one potential donor to help fill that gap the u.s. >>> denmark is scrapping plans of johnson & johnson's one-dose shots over fears of a rare disorder the shot was not administered there. last month the american regulators gave the all clear saying that the benefits outweigh the potential risks. >>> and florida governor ron desantis with a law to suspend all covid restrictions and mask mandates, capacity limits and school closures. kelly, back to you. >> thank you so much. >>> let's check on the markets right now. the dow up 346 at the high today and now off the levels looks like a slight leg up after the comments that tyler mentioned

. ♪♪ >>> welcome back i'm rahel solomon. a significant move toward resuming travel to europe.wmakers establishing a standardized covid certificate for proof of vaccination once it is final approval fully vaccinated people kepter any eu country. >>> the pfizer biontech vaccine is expected to be 70% against the india variant. >>> the united conditioning dom recently made people 34 and older eligible for a vaccine shot and prince william getting the first dose more than 70% of british adults receive ds at least one shot. >>> here in the u.s. all adults are eligible new york joining the states with incentives cuomo rolling out vax & scratch. reminds me of that "snl" skit. >> i think there are other states that tried this with some other success. >> oh? >> i think yes. the whole -- you can get people to do anything with a lottery attached. >> name the price. >> name the prize. >>> mcdonald's shareholder meeting today. kate rogers is monitoring the headlines and a look at the fallout from the controversy around the firing of that former ceo. kate >> hey, kelly. that meeting at an in

. >>> welcome back i'm rahel solomon. here's the covid update.last hour california's top health official announcing the state will not require social distancing and will allow businesses to operate at full capacity as of june 15 >>> having students and teachers wear a mask reduces covid spread in schools that's a conclusion from a cdc study. cases were at 37% lower when masks were required an earn 40% for schools with upgraded ventilation. >>> the cdc said fully vaccinated people don't generally need to wear a mask but some are finding it hard to take them off. today at the white house dr. fauci was asked if this is irrational. >> you can understand that when people have been following a certain trend for a considerable period of time it may take time to adjust so i would not say that's irrational but understandable >>> and also at that briefing white house officials promoting a new partnership with several dating apps. highlighting the user vaccination status as a way to encourage more people to get the shots. cupid says that would be daters who

. >>> welcome back i'm rahel solomon. here's the covid update.accinated warehouse workers to wear a mask except where state or local officials say it is necessary. more companies adopt the new cdc mask guidance dr. fauci warning that people shouldn't assume that no one needs a mask. >> it said that people who were vaccinated can now feel safe that they do not need to wear a mask either outdoors or indoors. it did not say that people who are not vaccinated should abandon their masks. >>> virtual capitol hill hearing today the ceo apologizing for the contamination problem that ruined millions of jrch doses and the government is checking the doses since the mistake but didn't satisfy a new york democrat. >> have we been able to use the vaccine? have we been able to save someone's life out of $628 million committed of which 271 spent have we been able to get one vaccine? yes or no? >> none of the vaccine that we have manufactured has been made available to the u.s. >> okay. we haven't been able to get one vaccine. >>> after shut down for six months,

i'm tyler math son with rahel solomon. inflation is the story of the day. the cpi coming in hot.it. rates are rising tech stocks falling. but is this inflation just transitory we have been hearing that word a lot and likely hearing it more. >> we are already starting to see gas shortages in the southeast after the colonial pipeline hack. will they come to a gas station near

disney and the dow meantime, get a news update with rahel solomon. >> good morning. home builders remain confident due to strong demand from buyers according to a national association of home builder survey out this morning with cost of construction materials soaring and that's making homes less affordable and positive effects of low interest rates. >>> and starbucks and target retailers and restaurants that will not require masks for fully vaccinated customers unless local or state officials say they are required. vaccinated employees also don't need to wear a mask. >>> today the u.s. supreme court rejecting johnson & johnson's appeal of a $78 million jury verdict over failing to adequately warn about the risks of its anti-psychotic drug and hearing an appeal from novartis over an unsuccessful challenge for patents for improving arthritis. >>> starbucks, great news but add that to confusion over where you can and can't wear your mask and when you should and shouldn't. >> i get confusing if you're fully vaccinated you don't have to wear a mask generally. >> unless yo

rahel solomon has more for us. >> hi, david the number of states opting out currently stands at at leasthat the federal benefits are encouraging people to stay home instead of return to work, but according to a report from the century foundation cutting off these benefits could impact more than 1 million people within weeks. it's about one in nine of those currently unemployed one group sounding the alarm opting out of at least part of that program may not be legal. the national employment law project outlining with while other cares programs may be discretionary, pandemic unemployment assistance is not. >> it states that secretary shall provide to any covered individual employment benefit assistance while that individual is unemployed, partially employed or unable to return to work so for the pandemic unemployment assistance program, which a lot of states are ending, that program is a requirement >> so suggesting they force the states to continue or recruit states that will administer the benefits the dol saying that they have received that memo morgan, back to you. >> rahel solomon, th

. >>> time now for a news update rahel solomon has that for us. good morning. >> good morning.at's happening at this hour weekly jobless claims have fallen below half a million. roughly twice the pre-pandemic levels meanwhile, worker productively shot up 5.5% first quarter economists say the pandemic is distorting the data and sharp inns may not be repeated pfizer's re ceo, waiving intellectual rights for covid vaccine to speed up production saying a dangerous precedent could be set >> i truly believe that it makes zero sense, not to mention about the business incentives for the biotech industry what does it mean in the next pandemic >> those patent concerns driving down shares of many vaccinemakers, including moderna, dropping another % today, despite the first quarterly profit ever thanks in large part to its coronavirus vaccine. something to watch back to you. >> rahel, thank you. >>> also today, a new study from stamford business school examining unique challenges black entrepreneurs face that can lead to smaller company spaces i talked to a stamford researcher and stam fin

. >> thank you very much >>> time now for a news update let's get to rahel solomon for that good morningl. >> hi, good morning. here's what's happening at this hour target, one of the few big gainers during today's downturn. earnings were 60% above estimates and same-store sales more than doubled forecasts. target saw heavy traffic in stores and online. >> i think the confluence of a stronger economy, a consumer who has been vaccinated,who is mor confident, who is excited about getting back to their normal life, all those things are benefitting us right now >> and lowe's seeing a surge in revenue as homeowners continue to put money into their homes, although the sales growth did lag that of home depot those shares have fallen to the lowest levels since march. >>> energy prices falling. crude oil is down about 5% the worst one-day decline in more than a month. that's as concerns about weakening demand are fueled by rising infections in asia and inflation worries here in the u.s. you're up to date. deirdre, i'll send it back to you. >> thank you. >>> still to come on the show, pinterest ad

i'm rahel solomon. here's the covid update. within the last hour the u.s.t issuing a do not travel advisory for japan due to covid related travel restrictions there doctors in the second largest city say that the health system is close to collapsing they're running out of beds and ventilators. a big part of the problem is japan is only now opening mass vaccination centers. many people with reservations in tokyo and osaka unable to get shots where they live. >>> closer to home, new jersey is joining the list of states listing the indoor mask mandates although individual businesses can still make their own rules. >>> the white house released a video of president biden and dr. fauci speaking with some popular youtubers including manny. they're urging young people to get vaccinated even if they're not worried about getting sick themselves i'll send it back to you. >> thank you. >>> let's get to the power movers virgin galactic is soaring again after a successful test flight the stock is up 50% in a week. still down 60% from the recent highs. >>> hp is higher af

. >>> welcome back i'm rahel solomon.o students and a custodian injured in a shooting at a middle school in jefferson county, idaho. all three victims were transported to a hospital and are in stable condition. the suspect has been taken into custody. >>> activists gathered in the texas capitol building to protest the state's voting reform bill which would restrict early voting hours, mail-in ballots and polling locations. they will vote today on the house similar to those passed in georgia and florida. >>> tune in to the news with shepard smith tonight for the update on that vote. >>> australian officials have the sydney mask mandate after the highly contagious indian variant found in a 50-year-old man, the first case of local transmission in the area in over a month. >>> over 50 french fishing boats protest licensing rules off the coast of the english channel island of jersey today and claim that the rules mean that they lose access to the waters. the group since dispersed but tensions do remain high. you're now up to d

dow up almost 1.5% slk up 1.7 seven of ten worst performers are retail led lower by ralph lauren rahel solomonhappening at this hour -- vegan milkmaker only the big ispo offering price that values the company at $10 billion oatley going public due to volatile market conditions stay tuned shares sinking 12% despite hosting big earnings and revenue. retailers up profit guidance the rest of the year shares of ralph lauren down 8% even though reporting a surprise profit revenue will grow less than expected this year morgan stanley shaking up a suite for four executives seen at top choices to eventually leave the bank current ceo james gorman plans to keep the top job at least three more years and former executive carlos doane lost his bid to get millions from former employees nissan and meets bishy missed wages and severance payment was demanded the court ruled no value and must pay them $6 million remains an international fugitive in lebanon fleeting from japan after escaping house arrest another ghedevelopment in that story. carl, back to you. >> thank you, rahel. >>> and turning to kate rooney

. >>> time for a cnbc news update with rahel solomon. >> here's what's happening at this hour.eland security saying it is deeply alarming that they have blocked a january 6 commission they say president trump's big lie is now the defining principle of the republican party. >> to my republican colleagues, remember that day. to my republican colleagues, remember the savage mob calling for the execution of mike pence, the makeshift gal lowes outside the capitol. >> in tulsa, oklahoma, a memorial to kmemcommemorate the black massacre >>> and on a lighter note, the cdc is easing its safety recommendations for summer camps. it says vaccinated kids no longer need to wear a mask some social distancing guidelines remain, including those for unvaccinated campers >> that is good news rahel, thank you >>> 27 minutes left to go before the closing bell it looks like we're going to end may on a high note they're already whooping which i missed so much. >> it's a three-day weekend. >> that's the traders. >>> technology leading the market higher. the dow is up more than 115 points up next, the

industry is facing real challenges on how mother's day could make or break some florists, here is rahel solomons year is the mother of all mother's days. for farmgirl flowers ceo christina stembel. >> we're going in with a lot of trepidation. >> reporter: trepidation about the industry's summer slumps when sales can plummet as much as 40 percent. >> we rely heavily on a successful mother's day. >> reporter: they had a disastrous 2021 valentine's day when overloaded carriers delivered half the orders late, forcing them to refund or re-send. >> valentine's day almost put us out of business. >> reporter: despite shipping more than 600,000 orders last year, thorny issues stemming from covid have plagued the business. >> we're leaving millions on the table just because we didn't have the supply for the demand. >> reporter: many farmers stooped planting last spring following an avalanche of cancellations. she had to reshuffle her entire business >> we had employees and we had floweder, but nowhere to send them or what to do with them. >> this is one of the largest cut flower greenhouses in california

. >>> welcome back i'm rahel solomon. here's the covid update. indian state is asking for help vaccinating the people. the leadership struggled to accelerate inoculations. kovacs is the united nations led program that helps distribute doses to smaller, poorer countries >>> the covid-19 pandemic could have been prevented. that's according to a new report commissioned by the world health organization overall the findings suggest a lack of global preparedness. the report also says that the w.h.o. waited too long to declare the crisis a pandemic. >>> and pennsylvania will become the first state to test gubernatorial pandemic powers be on the ballot. they'll add two amendment just the changes would give lawmakers not the governor more power over disaster declarations for future pandemics or natural disasters back to you. >> thank you. >>> markets right now rallying off the lows since 1:45 i believe. they have been bouncing back the dow is now up more than 1.5% s&p up about 1.5 nasdaq up almost 1%. starting the show the nasdaq just peeked into positive

a lot of people seem to like companies that can straddle both worlds let's get over to rahel solomonr cnbc news update. >> the house has approved $1.9 billion to upgrade security at capitol hill the measure passed by a single vote some republicans supported the bill but many argue it is too expensive, including some democrats. others oppose the use of national guard troops to prevent attacks. >>> get ready for another busy hurricane season federal forecasters are predicting an above average number of storms including three to five major hurricanes and between 13 and 20 named storms the first named storm could happen before the official storm season on june 1st find out how that tropical depression is tracking tonight on the news with shepard smith. >>> tim tebow has signed with the jaguars as a tight end he will be playing for his former college coach you are an meyer. talk about longevity he hasn't been in an nfl jersey since 2015. >> there was a guy from monday night football who went back into the nfl >> we will see. >> i think tebow is older, though. >> i think he's like 33. >> a

and a cnbc news update with rahel solomon. >> what's happening at this hour chicago federal reserve presidents evans suggesting that april's disappointing jobs growth is probably a one-month thing linked to reopening the economy. the pairing earlier today on cnbc evans is looking for continued strong employment growth for the rest of the year. also on cnbc, chipotle ceo, the clayne is trouble finding workers and raising wages to average $15 an hour. also offering referral bonus wants to hire 20,000 new emp employees. >>> and opening a federal investigation over 100 million fords over loss of steering control. 107 complaints with two injuries the probe includes model years 2013 through 2015. and ford is recalling 611,000 exp explorer suvs for rail carriers that can come loose. owners notified next month you're up to date. deidre, back to you. >> rahel, thank you. >>> and carl mentioned dow record high. tech shares going the other way sinking sharply putting today's action into context. dom? >> the notion out performance in the dow a theme played out so far in 2020. look at the way things shape

. >> great point, mike thanks for all of that >>> look now to rahel solomon for a news update. >> goodorning. what's happening at this hour -- pfizer standing out from other big pharma companies with a strong earnings beat helped in part by surging covid-19 sales pfizer experts coronavirus vaccines will make up more than a third of its revenues for the entire year. >>> and shares down despite reporting earnings more than five times what analysts expected revenue topped forecasts and the company giving strong guidance second quarter. >>> u.s. trade deficit yumping jumping to a new high. exports up strongly, but imports froze more fueled by rebounding domestic demand. >>> and jewelrymaker pandora saying, no, to mined diamonds. instead will only use lab-grown diamonds as a part of a move to sell jewelry that is both affordable and sustainable prices for artificial diamonds have been falling and are now as low as 1/10 that of mined diamonds deirdre, interesting the company said that among younger consumers, noticing they care a lot about sustainability. so another attempt to appeal at a yo

meantime a news update rahel solomon has it for us. >> what's happening at this hour increasing internationalport for a global minimum patch rate for corporations financial times reporting the g7 countries are close to agreement on a tax rate of at least 15%. saying the deal could be announced early as friday. >>> shares of virgin galactic soaring 14% in the wake of the company's suctcessful return to space. the first manned space flight from new mexico, their space port. >>> and adding two new directors with climate experience. activist hedge fund engine one proposed four new board members to address what's it calls weak gove governance. >>> and gasoline prices on the rise just in time for memorial day. average pump price up 8 cents to $3.05 a gallon that's $1.05 more expensive than this time last year. good news, official start to summer upon us bad news, gas prices are higher. >>> back to you, jon. >> thanks, rahel, disruption on the wallet speaking of which, annual disrupter 50 list out tomorrow not a subjective exercise. about 1,500 for the start-up list 50 made it employee growth, fund-

. >>> number 23 on the list, relatively space in just a moment, but first, a news update with rahelle solomonrepublicans are proposing a $928 billion infrastructure bill that's a counteroffer to president biden's bill which is roughly twice the size the gop bill focuses more on infrastructure programs including roads, bridges and airport pes.the white house and republican plans are now about $700 billion apart president biden is expected to propose a $6 trillion federal budget tomorrow that includes significant spending on infrastructure and social programs budget deficits are projected to keep growing for the rest of the decade before declining in 2030. durable goods orders fell in april. it's the first decline in 11 months it was driven by a sharp drop in transportation orders, including auto and aviation parts. and jobless claims hitting another pandemic low with 406,000 claims in the latest weeks. lay yaus are declining as companies seek to meet surgeoning demand from the rebounding economy however, continuing claims are over the next six weeks. the jobs report will be interesting to see

. >>> a news update from the rahel solomon. >> good morning.ur o investors druckenmiller said the federal reserve continued moves, interest rates low big steps by congress not needed because the economy is strong and growing government debt, he warns, poses a long-term threat. >> there is no way we can afford to have 30% of all government outlays be towards interest expense. what will happen is the fed will have to monetize that. when they monetize it, i believe it will have horrible implications for the dollar and why i said in that speech, yes, i think it's more likely than not that in 15 years we lose reserve currently status. >> and after biz 4, victoria's secret lower than expected l brands is keeping, however, bath & body works. >>> first time in its history, "washington post" put a woman in charge of the newsroom leading the associated press running news operations since 2017 to become the executive eder's you're up to date deirdre, back to you. >> rahel, thank you. >>> this morning's battleground stock is facebook. the bear and the bull

dow, s&p 500 settled a tuttle into the red we go to rahel solomon. >> good morning. sales falling prices on the rise median new hope topping $372,000. new homes rose to 4.4 supply >>> consumer confidence pulling back slightly in may remaining at high levels the conference board index falls to 117.2, below forecasts. news firm outlook fell as the view of current conditions rose. >>> moderna, we just saw shares of, said its covid vaccine is safe and as high as 100% effective for kids as young as 12 found no infections in those receiving two doses of vaccine seeking authorization for 12-year-olds to 17 in early june. >>> and backing exxon's board of directors. blackrock voting for three director candidates supported by activist hedge fund engine number one blackrock the third largest shareholder, roughly 6% stake and exxon saying it's not moving fast enough to address climate change. >>> you're up to date. back to you. >> thank you, rahel. >>> discord coming in at three on the cnbc disrupter 50 list. this a reported worth $10 billion. app launched six years ago allowing

on our linkedin page carl >>> jon, tight range today dow is up 75 let's get a news update with rahel solomonod morning general motors posting a huge earnings beat on revenue that were roughly in line with forecasts. shares are rising as investors focus on the carmaker's strategy to deal with the ongoing chip shortage coming up later in "techcheck," ceo mary barra's response. hilton's profits, the company says bookings were hurt by covid travel restrictions. a key revenue metric did beat estimates. hospitality and leisure businesses the biggest gains in april. the private sector created 742,000 jobs last month. nearly 60,000 short of estimates. the government april jobs report is due out friday with forecasts of 1 million non-farm jobs and the unemployment rate of 5. 8% peloton recalling its treadmills customers are being told to stop using the treadmills immediately. the peloton ceo said they made a mistake in a government request for a recall back to you, deirdre >> yeah. shares hit hard today. >>> meanwhile yesterday's selloff across tech a reset? bob, you say no, but tech stocks, they hav

. ♪ ♪ >>> welcome back i'm rahel solomon.r cnbc news update at this hour. >>> senate minority leader mitch mcconnell says he will now oppose a bill that would create an independent commission on the january flinsurrection at the capitol. his comments come as the house is expected to pass the bill and a day after mcconnell said he was open to the legislation but didn't want to do anything quickly. see what it means for the bill's chances in the senate tonight on "the news with shepard smith". >>> texas has become the largest state to prohibit abortions as early as six weeks governor greg abbott signing the bill this morning, texas joining more than a dozen other states that ban abortions after detection of a fetal heart bait. >>> north of miami a part of an interstate was closed for hours. a driver fleeing police looses control, clips a couple of cars and flips the suv. >>> israeli prime minister benjamin netanyahu says he is continuing military operations in gaza. that comes hours after president biden told netanyahu he expec

. ♪ ♪ >>> welcome back i'm rahel solomon.t this hour. >>> pfizer and biontech are promising to send 2 billion doses of their covid vaccine to mild and low income countries. pfizer ceo expects to provide a billion doses this year, another billion in 2022. prices for the doses remain unclear. >>> amazon has temporarily stopped construction on a warehouse in connecticut that is after a seventh noose was found on the building site fbi agents are now working with local and state police to find the culprit. a $is00,000 reward is offering for information leading to arrest >>> one of the country's largest newspaper chains is being teen off by a hedge fund, parent of the chicago tribune and the "baltimore sun" is being bought. they were already "try bound's" largest shareholder. >>> dogs that can sniff out covid infections are going to work a university in bangkok is using trained labrador retrievers to scan swept samples today sniffer dogs coming to the u.s. as well. tonight on ""the news with shepard smith"" see how dogs will be use

. >> fascinating i'll read it >> rahel solomon another facebook flashpoint working out to a public debut circle k discussion coming up on "rapid-fire. first, we show the chart and tell the story today's chart gm, up nearly 4% on earnings and despite the chip shortage, ceo mary ba ra addressing that issue earlier on cnbc >> we're going to make up as much as we can i can't say we'll make all of it up, especially when you look at how strong demand is right now, especially in the united states. you know, that's a huge opportunity so we'll build every vehicle we can whether we can make up every single vehicle will depend on the whole chip supply. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum! ♪ it feels so good to be car

first let's get a news update and rahel solomon. >> hi, carl.ing bogey has temporarily stopped deliveries of its 787 dreamliners. the faa is still waiting for information from the company showing inspection changes meet federal safety standards boeing shares are down a little more than 1.5% right now a key gauge of business activity in the midwest has jumped to its highest level since 1973 despite ongoing supply constraints the chicago pmi soared to 75.2 in may, any reading above 50 indicates growth >>> the core pce price index up 3.1% since last april. the monthly gain of 0.7% was slightly above expectations. >>> and france has slipped into rece recession first quarter gdp growth a small loss, thanks to weakness in the construction sector and the second quarter may be off to a weak start household spending fell more than 8% in april jon, quite a different story in the states as far as home spending back to you. >> indeed. thank you. >>> apple continuing to expand its retail footprint opening its newest store on in rome yesterday. that latest ou

rahel solomon has that for us. >> good morning.ere's the news at this hour a landmark ruling from a dutch court. it's ordering one of the world's largest oil companies to cut its greenhouse gas emissions the court telling royal dutch shell to slash net carbon emissions by 45% by 2030 shell is targeting cuts of about half that amount. >>> tech conglomerate tencent told to remove its financial businesses into a new holding company so chinese regulators can better oversee those units the move would follow restrictions also imposed on rival ant group this year. >>> canadian national railway offering to sell a 70-mile piece in louisiana that's to address antitrust concerns, $30 million merger with kansas city southern, the offer amounts to less than 1% of the 24,000 mile network that the two routes operate. >>> shares of dick's sporting goods shooting up 16% to an all-time high after posting earnings that tripled estimates and raising sales and profit guidance for the rest of the year this as people turn to outdoor sports back to you. >

on the bright and dark spots of the economy, here's cnbc's rahel solomon. >> shep, while competing dataia using 22 metrics including state unemployment rate, vaccination rates and restaurant traffic and then ranked which states recovered the quickest and which are struggling the most. on the top of the list with the strongest recovery is the mt. rushmore state, south dakota unemployment rate sits at 2.9% according to the bureau of labor statistics that's exactly where it was before we began to see major shutdowns last february and down a pandemic high of 9.2%. state officials there say job openings are at a record high. they tell us it's the perfect storm for recovery, saying south dakota never shut down businesses were poised and ready to go as vaccines rolled out some industries grew during the pandemic, such as transportation others are just hitting the opening of peak season, like hospitality and tourism. also at the top of the list, iowa, idaho and nebraska one reason according to wallet hub is the type of industries popular in these states, manufacturing, for example, also migrati