i'm sara eisen here with wilfred frost. a triple record close, dow and s&p and nasdaq we haven't seen a record close for the dow since early may, but we got it. you can really thank technology.

i'm sara eisen here with wilfred frost.ft the biggest criminalor to the dow's gains, along with salesforce and a number of other stocks microsoft, by far, the biggest winner s&p 500 also closing at a record high technology leading the charge here on the week up almost 2%. by the way, this is its seventh record closing high day in a row. that's a long winning streak technology real shining as yields come back down. it's been happening in the last few weeks. the biggest contributor on the qqqs was alphabet, amazon, microsoft, apple a familiar tale there transports were also lower, something we'll talk about, the divergence greg branch is still with is, tick toria hernandez joins the conferring first, to you, mike, about the pattern we saw all week. for value, for cyclical and for transports >> market seemingly positioning for a bit of a deceleration type of growth story, also a patient fed, not necessarily accelerating so that feeds you into the nasdaq 100 i think where we are right now, after such a long streak, seven straig

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i'm sara eisen here with mike santoli, whos in today for wilfred frost.t taking toward the end of the month after overall a good month. caller pillar, boeing, goldman sachs and disney the s&p 500 giving back half a person today, what worked? amazon is a big part of that story. and also closed shatterly lower. kind of a mixed day for tech you did see a performance with apple, comcast also going strong the russell actually fell, while the nasdaq, s&p 500 and the dow gained so something to talk about, some underperformance lately of the small caps after they had been strong coming up this hour, noted investor dan niles on whether some have gotten too high. and later, u.s. general dr. have i vivak murthy listen to what he says which i think will be highly likely it's going -- you know, it might be a good time to take risks off the table, and save some dry powder for the possible we could see a severe correction here in the summer >> courtney gibson from luke capital ton and stephf jablonsk are still with us. i haven't heard anybody -- those will say janet yel

nasdaq seeing declines around 1% >> i'm sara eisen in washington d.c. today we have an interview with janet yellen in the show. what's driving the action in the final action of trade. jay powell testifying for a second day to congress, this time in front of the bank committee, facing questions about inflation, the economy and more those highlights ahead jobless claims hitting a pandemic era low and the empire state manufacturing index blew a past expectations. morgan stanley rounding out the strong bank results. 59 minutes to go in the session. energy, tech, small caps are seeing the biggest decline and we have a big first on cnbc interview coming your way from california janet yellen joining us to talk about the global minimum tax deal, her read on inflation with the new numbers this week, the tech crackdown in china and more and also the day the checks go out for the child tax credit for american families. >> we cannot wait, looking forward to that interview. looking straight to the market tech pulling back, energy also underpe underperforming. mike i

i am sara eisen. stocks are mostly higher the dow climbing back from a triple digit loss at the open. any close in the green for the major averages would be a record >> wilfred frost is not here >> it's not because of the game. he was scheduled to be off he was sad >> he was already planning to be off. we're feeling for our buddy today. let's look at what's driving the action today financials leading the charge. they are the top s&p sector. kicking off earnings season tomorrow morning disney helping lift the dow after its "black widow" film and more pain for chinese tech shares of didi making another move lower as the crackdown widens to other companies. more on that in a moment we have 59 minutes left to go in the session. >>> coming up, value investor bill nygren joins us including the faang names he finds attractive at current levels interesting for a hvalue investor senior banking analyst mike mayo with just a few hours to go until the first wave of earnings reports. >>> let's get straight to the

. >>> thank you, kelly welcome to "closing bell" i'm sara eisen here at the new york stock exchange first day of the second half of the year s&p 500 on pace for another record closing high the dow and nasdaq higher as well >> i'm wilfred frost let's look at what's driving the action today. the energy sector, top performing sector up more than 1.5% as oil prices hit the highest levels since 2018. jobless claims come in at 364,000 better than expected ahead of tomorrow's junes jobs report and walgreens falling 6% 59 minutes left to go in the session with nearly every sector in the green just staples slightly low. >> we have a great show coming your way in a few minutes we will speak with the commerce secretary and her thoughts on american business in china and especially in light of president xi's warning to foreign powers overnight. plus krista lina georgieva joins us for her look on growth. we'll talk to her. and speak with the ceo of the intellia looking forward to that. >>> let's get to the big stories we're watching, we have the latest on robinhood's long awaited i.p.o. filing. kate, l

. >>> thank you, kelly welcome to "closing bell" i'm sara eisen here at the new york stock exchange firstf of the year s&p 500 on pace for another record closing high the dow and nasdaq higher as well >> i'm wilfred frost let's look at what's driving the action today. the energy sector, top performing sector up more than 1.5% as oil prices hit the highest levels since 2018. jobless claims come in at 364,000 better than expected

stocks extending gains putting monday's sell-off squarely in the rear-view mirror >> i'm sara eisen.a getting a pop after

. >> i'm courtney reagan in for sara eisen let's look at what's driving the action it appears to have yields. san francisco fed president mary daly warning the economic recovery could be at risk because of the delta variant

i'm sara eisen, stocks rallying today after the dow posted the worst day of the year, erasing almosthat is driving the action today yields bouncing off recent lows, helping financials a mixed picture on housing, with starts increasing, but building permits hitting an eight-month low. staples are the laggards today philip m

. >> i'm courtney reagan in for sara eisen oil drops after opec-plus talks broke down this weekend. still strong overall after hitting a new record of 64% in may chinese stocks are getting hit

happy friday, i'm sara eisen here at the new york stock exchange, with mike santoli. outlook, setting the tone earlier. growth underperforming value overall, how that will affect the u.s. economy, and we're looking at weekly declines, but also riding six months o

i'm sara eisen th

stocks extending gains putting monday's sell-off squarely in the rear-view mirror >> i'm sara eisen. earnings front and center today. dow component coca-cola getting a pop after beating earnings and revenue estimates. also raising its full-year guidance much more on that coming up. verizon and another dow component rallying after beating on the top and bottom lines and adding more wireless subscribers than expected. and yields continuing to move off recent lows, the financial and energy names are getting a boost today. >> coming up, dr. anthony fauci on the record. we'll talk to him about whether the rise of the delta variant could pose a risk for the economic reopening you are very excited to have janet yellen last week i think you're more excited. >> i don't know more, but definitely looking forward to this i have wanted to talk to him for a long time. >> i have, too, but the level of enthusiasm is off the chart. >> you used to talk to him a lot when china had coronavirus and then once it started hitting here, it was hard to get him back >> so much to discuss. >>> plus, thomas pete

i'm sara eisen at the new york stock exchange we'll see if we can get a record close as well.ourtney reagan in today for willfried frost. the ten-year yield hitting 1.29% its lowest level since february. the fed minutes out last hour showed officials at the last meeting discussed when the central bank might start scaling back bond purchases and energy another big driver, getting crushed once again, the worst performing sector on the s&p 500. >> coming up on the show, noted tech investor dan nile

nasdaq seeing declines around 1% >> i'm sara eisen in washington d.c.terview with janet yellen in the show. what's driving the action in the final action of trade. jay powell testifying for a second day to congress, this time in front of the bank committee, facing questions about

i'm sara eisen could be another record-breaking for stocks any gain will be a record close. >> and i'm wilfred frost. >> housing stocks under pressure at june new home sales miss expectations and come in at the lowest monthly level since april of 2020. and tesla, we'll get earnings from that company after the bell. >>

i am sara eisen.in the green for the major averages would be a record >> wilfred frost is not here >> it's no

i'm sara eisen with scott wapner as far as the market's reaction, scott, things improved the dollar is weaker that tells you that the fed did not move the ball significantly closer to tapering or scaling back those asset purchases did mention the delta variant. haven't really seen or don't know what the economic impact is going to be of that. what you've seen with these waves is they don't have a really big impact on the economy in terms of scaling back the reopening. we'll see how this plays out >> i thought the key was the answer to steve liesman's question where he said we're some ways away towards maximum employment and we know that of the two fed mandates, the one that he is most concerned with at this point is the employment market steve liesman asked him, what substantial progress numbers are you going to be looking at specifically that will, ring the bell for you that says, now it's time to taper. and he made it clear and has time and time again but underscored it today that it's the employment market. the fed is not tapering any time soon >> no rush >> we're some ways away. so

i'm sara eisen market another red hot inflation number the major averages slightly higher as we head into the close. small caps are sharply lower >> wilfred frost earnings are front and center once again, more big banks reported results today the financials among the weakest sector with bank of america seeing a

here's sara eisen. >> fewer chips in the snack bag lately does that family size box of cereal not lastsumer companies that make food and beverages and paper towels, household staples have been shrinking package sizes, weights and quantities why? thanks to covid disruptions mainly commodity prices have spiked this year from sugar or so i beans to corn and aluminum for packaging or transportation for shipping instead of taking the hit, manufacturers are passing higher costs on to the consumer and without you noticing, because the actual sticker price of the item doesn't change. it's not a new strategy but the trend is accelerating at the moment with companies including kimberly-clark, conagra and pepsico having to raise prices the ceo justifying the increases "obviously same as everybody else we're seeing inflation in our business across many of our raw ingredients and some of our inputs in labor and freight and everything else. advocates say they've seen product downsizing ramping up in the past few months. >> it's absolutely a sneaky process. of course they know that most consumers are

. >> i'm sara eisen. let's get to what is driving the action in this final hour of trade. fears of the delta variant and concerns of another spy in covid cases is front and

since lockdown, as more and more people move out of cities and into the burbs closing bell anchor sara eisenn today she says we're not seeing the same type of housing bubble that infamously popped in 2008. but she did reveal what she's worried about. >> i do worry about affordability and the pressures higher prices will create for families for their first time home buyers or have less income. >> it's getting expensive. >> the new york giants running back saquon barkley cashing in on crypto. he's taking 100% of his end endorsement money in bitcoin the 24-year-old has deals with nike, pepsi, toyota, and lots more barkley reportedly makes more than $10 million a year in marketing money. >> kn coca-cola now changing the flavor of one of its sodas again. the company revealing the taste of coke zero, the diet spin-off meant to resemble the classic coke taste officials say the change optimizes existing coke zero flavors and ingredients. whatever that means. some coke zero drinkers say they're a bit nervous. sort of a flashback to 1985 when the company's new coke debacle when they introduced the fir

. >> i'm courtney reagan in for sara eisen let's look at what's driving the action it appears to have stabilized. financials are leading as banked get a bounce off those yields. san francisco fed president mary daly warning the economic recovery could be at risk because of the delta variant >>> jeffrey sherman joins us to discuss the big move in bonds and why he says we have overshod to the down side >>> rich and branson and jeff bezos get ready for lift off, and we will discuss how big the space industry could be. with peter diamandis, who has a future ticket. >> mike santoli is tracking the market action. ylan mui has the details on president biden's latest executive order. mike, let's start with you. >> regaining what was lost yesterday and more most -- even though we got the shakeout yesterday, we sauce a morning reversal on thursday, which seemed to give people confidence it wasn't going to be some kind of open-ended flood of selling. you couldn't really script a bers kind of more orderly up trend. we didn't really relieve the index level, but that may be not necessary for a whil

i'm sara eisen, stocks rallying today after the dow posted the worst day of the year, erasing almost all of yesterday's losses. >> let's look at what is driving the action today yields bouncing off recent lows, helping financials a mixed picture on housing, with starts increasing, but building permits hitting an eight-month low. staples are the laggards today philip morris dragging that sector lower >>> also coming up on the show, jared bernstein at the white house joins us to discuss the rise of the delta variant and its impact and potential impact on economic growth >>> plus we are gearing up for a big hour of earnings netflix, united airlines, interactive interiors and chi chipotle we'll have the ceo minutes after they cross. >>> mine santoli is tracking the market action, and jared bernstein sitting there waiting to discuss the economic impact of rising covid cases. jared, good to see you, but mike, you first. >> an almost perfect round trip right now. we have come back up with today's rallies, just about within four hours, remember, that was down a percent and a half or so, so a

. >> i'm sara eisen. let's get to what is driving the action in this final hour of trade. fears of the delta variant and concerns of another spy in covid cases is front and center. on. >>> opec plus reaching a deal, crude oil is getting slammed >>> consumer staples are holding up the best. >>> we are all over the big sell-off for you wharton professor of finance jeremy siegel, tony dwyer, director of investment research rebecca patsen, and ruchir sharma >>> brian sullivan will be here, but meg, let's start with you, what is the latest >> the delta variant is causing a spike in cases in the united states, now to daily case numbers we haven't seen since mid may, up to about 32,000 recorded in a single day, 66% higher we're also seeing hospitalizations and deaths rising as well 31% higher now to 19,000 deaths rising to 266 it is the areas with the lowest vaccination rates seeing the biggest spread, folks emphasizing that the vaccining do hold up against severe cases of covid, even from the delta variant, severe cases in particular there's a lot of questions about breakthrough

welcome back i'm sara eisen here with mike santoli. look at how we finished off the day.and disney were the biggest drags. materials the best performers, financials with a 1% positive move northerly also gaining a percent. industrials did well as well the nasdaq closing up 0.1%, technologies did -- it's a rowdy bunch. the russell 2000 index up 0.7% also continues its comeback as well robinhood is the stock story of the day, after going public at $38 a share, but its debut was somewhat closing down 8.4% at the close 34.82. all eyes now turn to another big hour of earnings after the bell. we have instant analysis for you, results from amazon, pinterest, gilead, t mobile. says those numbers are out, sand t-mobile's ceo will break down the results, joining us in a few moments. stephanie link from hightower are still with we've joined by phone by tiffany mcghee another strong day reached report highs, and even though a disappointing headline number, and still elevated jobless claims. >> disappointment on gdp to actually create a bounce in the cyclical stocks today. it seems as

i'm sara eisen could be another record-breaking for stocks any gain will be a record close. >> and i'm carl quintanilla in for wilfred frost. >> housing stocks under pressure at june new home sales miss expectations and come in at the lowest monthly level since april of 2020. and tesla, we'll get earnings from that company after the bell. >>> coming up, bernstein ace toni sacconaghi is here, all bick-tech heavy weights, and he'll talk about what he's focused on >>> the ceo of intercontinental hotels will join us in a "closing bell" exclusive >>> mike santoli is tracking the market action. kate rooney has a closer look at what's driving this pop in bitcoin today. >> carl, market holding near the highs, pivot on balance. it's a familiar story, certainly not an all-inclusive rally, but plenty to get a new report also up pretty significantly, the u.s. open has been a pretty good bid for risk assets recently also, we've kind of put in the books year to date i would say the sixth significant pullback or single-digit percentage pullback and quick snap back to a new high only one of these you

i'm courtney reagan in for sara eisen, along with wilfred frost and mike santoli automatic major indices the s&p 500 down by 37, and the nasdaq off by 105. the russell 2000 also in the red by about a percent coming up. mohammed el-erian on new concern about global growth, and is today's pullback an indicator. stephanie link from hightower is still with us, megan shue is joining the conversation it did not end up being a rush to the down side amazon up another 1% even though it seemed like most of the damage had preliminarily been done in the cyclical areas. they were proust primed to bounce it was still the run that were trying to minimize the damage here most things bent, but didn't break. oil was down earlier, it ends up flat i don't think anyone will say it's a genuine change of tone, but we're heading into headwinds, up a lot for the year, so nobody should be surprised we get a shakeout. >> amazon having a strong week what's happening >> i think everyone has the faith that the sideways ten-month trend maybe has broken to the up side i don't think there's a lot of net new fundamental

. >> i'm courtney reagan in for sara eisen oil drops after opec-plus talks broke down this weekend. still strong overall after hitting a new record of 64% in may chinese stocks are getting hit ar didi is said to pose a cyber security risks >>>. it's now making a move into the art world, the ceo will join us to talk about it >>> bradley tusk will be here to talk about the potential imbalance of chinese companies looking to go public here. >>> mike santoli is tracking the market action, and deirdre bosa has more details on the chinese crackdown on didi. >> a bit of a wobble, but the market running pretty shot second straight gains, also coming off of five straight quarters of 5% gain. so running a bit hose. it's in those cyclical and reflation type of stocks when you have support for megacap growth another thing that was tex book is all we did at the lows of the day is essentially go back to undo friday's rally after it came from the jobs report. right from that point recovered on the strength of mostly those tech stocks, so it seems like a technical half-step back it doesn't alter of

i'm sara eisen market another red hot inflation number the major averages slightly higher as we head into the close. small caps are sharply lower >> wilfred frost earnings are front and center once again, more big banks reported results today the financials among the weakest sector with bank of america seeing a sizeable pullback we'll speak with brian moynihan in a moment. fed chair powell saying inflation will remain elevated likely in the coming months before then moderating shares of apple jumped to a record on a report it wants to boost production of its next iphone by about 20%. 59 minutes left to go in today's session. energy is seeing the biggest declines >>> a number of big names on today's show coming up, arc invest cathie woods talks about her investment in a fintech company taking on the likes of robin hood and latest thoughts on portfolio companies and new warning about chinese stocks and whether she'll continue to sell some of hers >>> let's get to one of today's biggest stories and movers, bank of america, citi, wells fargo reports earnings before the billion. bank of a

secretary yellen saying in the interview with sara eisen yesterday saying she's not sure if amazon would types of issues that have become ever present in this current climate >> well, in theory, it does. i mean, i think it is trying to close the kinds of loopholes that amazon has used and the ability of companies to shift profits to these low tax foreign jurisdictions. so i think if it does go through it is going to affect some of these companies. yes, it's a handful of these tech companies which are very adapt at the ability to move these profits into different jurisdictions who will take something of a hit here. but again, i think that if the rate is -- we're talking about is 15%, that is not crippling to anyone and by the way, i'm all for the tech companies paying 15%. you can make the argument for the lower rates, but 15% is pretty low another i think interesting dimension here is it seems to me it's going to put a cap on how high the u.s. can take its corporate tax rate the biden administration is proposing a substantial increase in corporate taxes but you get above the current 21%

i'm sara eisen at the new york stock exchange we'll see if we can get a record close as well. i'm courtney reagan in today for willfried frost. the ten-year yield hitting 1.29% its lowest level since february. the fed minutes out last hour showed officials at the last meeting discussed when the central bank might start scaling back bond purchases and energy another big driver, getting crushed once again, the worst performing sector on the s&p 500. >> coming up on the show, noted tech investor dan niles is here with his take on the market and the names he is adding to his portfolio right now, plus we're heading out to sun valley where the biggest names in media and entertainment are gathering and we'll talk to linkedin co-founder reid hoffman about the trends he sees in the industry and let's focus in on the big stories that we're watching today to get us started. mark santoli is tracking the market action and ylan mui has the latest >> the s&p 500 got an extra push to the upside after the release of those minuteses and basically investors seeing nothing in particular increment