>> good to be with you, seema. good morning i would say jackson hole is putting the road map in play we know more than two business days ago certainly taper was well telegraphed by the end of the year we will see the effects of the storm and proliferation of the delta variant. and rate hikes which is what people really care about that is true tightening and that seems to be well off the market was off to the races on friday. i would anticipate more of the same this week >> what changes are you making to your portfolio after hearing what powell had to say on friday >> we are not taking any big changes. we are have been fully invested. bullish on the market with rates low and staying lower for longer you know, perhaps much longer. the market with 20 times earnings which is incredibly compelling no big changes staying the socourse >> interesting at the same time, you seem like you are more biullish with one sector utilities. why are you putting more money to work in the utility sector? >> absolutely. now we know a lit

." >>> good morning i'm seema mody in for brian sullivan on the last trading day of august. let's look at stock futures and how we are shaping up. s&p 500 is up 10 points. dow jones industrial average up 67 the nasdaq also indicating a higher open by 50 points let's put perspective in the market s&p 500 is inching higher in record high territory. the index now on track to end august with the best performance over the first eight months of the year since 1997 with a more than 20% gain. the rally may seem impressive on paper. according to dow jones, 2021 is the sixth strongest performance in the past 50 years if history is any indication, according to lpl financial, the last time the s&p 500 rose more than 50% through august, four times. s&p 500 set to gain 3% this month. a similar performance in japan more companies go public there and the economy rebounds outside of the market stuff. look at shares of zoom this is the big pre-market mover. sinking despite expectation for the quarter. investors seem to worry about the slowing pace of growth that the company is seeing right no

troops and all their equipment, seema, out of afghanistan. that's a difficult task. >> jay, how is that evacuation process expected to change following the attack at the kabul airport. >> it can't change that much because they have to go out of that airport they can switch things up and where they bring people in otherwise they have to continue to be diligent as far as these attacks are concerned because the pentagon, as we just heard, expects to hear more >> biden expects to stick with that deadline. jay, thank you appreciate it. >>> and for more analysis on what the fallout could mean for that attack and how it could impact the pace of the evacuations, it certainly is a story we will be watching very closely and fred kempe joining us minutes from now. >>> the dow currently up around 99 points in premarket trade we are set for a snap back the u.s. markets in focus ahead of jay powell. coming up on "worldwide exchange" another airline is cutting back on flights. we'll tell you why next. >>> plus, as we head to break, some of your other top st

seema: i think so. i think a lot of investors, including us, we are looking at em as a long-term opportunity, where your long-term growth forecasts are going to come through. once we've got covid behind us, especially for those countries, we would expect a lot of those benefits to come through. but particularly with emerging markets, it is simply not a homogenous market. you have to be picking countries and sectors very carefully because there's a lot of differences, and as you know, policy and politics become a far more important issue for em. jonathan: we got to leave it there. good to catch up. appreciate your time. seema shah, prince bookable investors out of london -- principal global investors out of london. what we like to do is give you a better picture of where these strategists thought we would go, where we are now, and where they think we will be from here to year-end. in the middle of last year, we were coming off the back of an 11% gain of the s&p 500 through november. many people thought w

seema, thank you very much. >>> let's get a quick check on some of the hotel stocks it's been a long road up from the lows of the pandemic but a little more mixed lately here you can see year to date wyndham is up a nice 19% but intercontinental still down. ihg down about 2.5%. the stocks are well up from those march lows, though, of last year. for instance, wyndham from the pandemic low of 184%, it was $25 back then and is at $71 now. hilton was at 65 at now it's 126. this is a pretty nice doubling marriott also one of the big winners. in march of last year you paid 70 for the stock and today it's 137. strong gains off the lows. a little more differentiated story this year. and now investors have to figure out which of these names or if all of them are going to be placed for the next phase of this rally, ty. >>> the nasdaq 100 trading at record highs but not every name in the group is outperforming. we'll run through the names lagging behind and our traders will tell you whether to buy -- it's trading nation. it's usually what seema does, but i'm going to do it today >> all you. >>

newly married seema mody >> congrats, seema >> congratulations >> are you on the honeymoon?t's going on? >> no honeymoon. not the right time everything that's happening. but we'll get there. sometime this fall or winter we'll take that vacation >> well, we love you >> we're super happy >> we love you and we're happy you are in love as well. congratulations. >> thank you >> all right hedge fund tiger global is out with its 13f filing and it looks like the firm is betting on the pandemic plays leslie picker has the details. leslie >> hey tyler, that's right. so tiger global, well-known tech investor, well-known lately for investing in private companies, but taking a look at their second quarter 13f filing it's very clear they're putting a lot of money to work in some of the pandemic companies that have certainly benefited from at least the 2020 pandemic that we saw last year. for example, doordash, they upped their stake by 88% to hold nearly $2 billion at quarter end. in shopify, upped its stake by 69%. owned about $1.3 billion by quarter end. and zoom video of course kind of

back to kelly and ty >> seema, thank you very much.ma mody for more "trading nation" you can follow along on twitter. more and more companies are reissuing dividends as the effects of the pandemic and shutdown wear off. we'll lay out the nation next. >>> and now the latest from tradingnation.cnbc.com and a word from our sponsor. >>> volatility spikes are notoriously difficult to forecast but when they do occur they tend to be short-lived. consider positioning your portfolio for when volatility comes back down. rush hour will never feel the same. experience thrilling performance from our entire line of vehicles at the lexus golden opportunity sales event. lease the 2021 is 300 for $379 a month for 36 months. experience amazing at your lexus dealer. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome back to "power lunch. a slew of wall street analysts ini

go back to saying vaccinated americans only, we will allow you in waiting for those details in >> seemahead direct listings like spotify have widely outperformed traditional ipos and the broader s&p. could direct listings have the staying power to up-end public offerings next this isn't just a walk up the stairs. when you have an irregular heartbeat, it's more. it's dignity. the freedom to go where you want, knowing your doctor can watch over your heart. ♪♪ i became a sofi member because i needed to consolidate my credit card debt. i needed just one simple way to pay it all off. it was an easy decision to apply with sofi loans, just based on the interest rate and how much i would be saving. there was only one that stood out and one that actually made sense and that was sofi personal loans. it felt so freeing. i felt like i was finally out of this neverending trap of interest and payments and debt. ♪♪ that building you're trying to buy, interest and payments and debt. you should ten-x it. ten-x is the world's largest online commercial real estate exchange. and it's fast. if i could, i'd

seema mody has the tornado for us seema? >> wilf, if you're trying to figure out where the concerns are showing up in the market, look for further than the travel sector expedia, for example, down over 14% just this month. there's also new data showing a consecutive drivers, now below 66%, as americans booked some travel two mars seeing the biggest drop, san francisco and new york, of course, big cities that do rely on conferences and business travel. post labor day, that's when we're expected to get a better read on the impact as a number of companies delay their return to office. >>> seema, thank you. >>>. cathie wood addressing her critics. those stories and more, as we take you into "the market zone." toward your bachelor's degree. - [woman] it doesn't matter how old you are, you can do it. you can finish. - [announcer] finish your degree at snhu.edu. and there you have it- woah. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g

thank you for more "trading nation" head to our website you can follow us on twitter back to you. >> seema, thanks >>> up next lumber prices cooling down dramatically after months of running hot, and it could be a huge salvo for the home building stock. i will ask a top analyst which could benefit the most after this >>> and now the latest from tradingnation.cnbc.com and a word from our sponsor. >>> when it comes to investing, there are generally two popular methodologies. fundamental analysis, which focuses on things like revenues, earnings and cash flows and technical analysis which focuses on chart patterns, price movement and momentum. for skin that never holds you back don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond champion your skin >>> welcome back to "power lunch. we've seen the price of lumber drop dramatically down 50% in the past six months. it's still under 500 today the ceo of toll builder, this will be good for builders taking the price of the house here is what he told jim cramer last night >> so

>> yeah, seema, thank you. i'm looking for a couple things.od did a great job of kind of getting rid of the headwinds on the pr front, and some of the regulatory headwinds to control, but that seems to have subsided at least for now try to understand growth, and the big thing is the net cumulative funded accounts. if you're seeing that growth long term, that plays well into 80% of their business with the payment for order flow i think you're going to see that grow i'm also go going to look if they can capitalize on the ancillary products offered on the platform if you have more folks on the platform, which 80% of their growing amount of people on the platform is organic, which is strong for the company near term, if you look at what happens after earnings, it could be volatile, especially as you mentioned getting caught up in the meme trade, but i think long term, investors should look for opportunities to buy here. >> hard to apply technicals to a stock that trades on sentiment, but what happens if it breaks below $35, the level it traded at

seema?ne started sailing, and covid is a big issue carnival updating its policy, all passengers must show proof of a negative covid test, regardless of vaccination status elsewhere, a slight dipping in hotel occupancy in recent weeks. this is a metric travel analysts are watching closely as concerns about the delta variant continues to grow. hotel stocks, booking operators are trading down today guys >>> seema, thanks so much for that anastacia, you were saying earlier, this is a good time to buy some of these names. have you active in this space? what subsectors do you get drawn to >> yeah, i think you have to look at the broad swath of travel, leisure and hospitality stocks, whether it's cruise lines, or airlines if you look at it as a basket, it has underperformed significantly versus the s&p down 30% or so, relative to the s&p since the middle of march. it's understandable, because i think peak growth concerns are being reflected. peak travel season is being reflected, but increasingly w

here's cnbc's seema mody >> reporter: after a 15-month covid-induced hiatus the cruise lines are backeen smooth sailing. despite strict protocols a handful of ships reporting covid cases on board >> we've clearly seen in the near term, and by near term i mean bookings for the rest of the year, we have seep a bit of a slowdown >> reporter: the delta variant is starting to have an impact on travelers' plans 36% of respondents say they are waiting to see what happens with the delta variant while a third say they will hold off on booking a cruise till covid cases decline. >> the delta variant has kind of changed the travel game. >> reporter: the cruise lines have have been fearing this kind of news for a long time as older passengers weigh the risks of traveling. experts including cruise critic editor expect the cruise lines to double down on their efforts on getting the next generation of passengers on board >> getting new cruisers and new to cruise pangs on board cruise ships is crucial p because people are naturally going to age out. even beyond this covid environment. >> reporter: cru

seema malhotra in west london, thank ou next. seema malhotra in west london, thank you for— next.nise keane—simmons' the family gasped and sobbed, and one said justice has been done, so it was clearly a difficult experience for all of them to sit through. in the early hours of the 16th of april last year, denise was at home in north—west london when her estranged husband broke in carrying with him a can of petrol. he made his way up to her petrol, doused her in petrol and set her on fire. she suffered very severe burns, inhaled a lot of smoke and sadly died a few hours later. her estranged husband said that he had taken the petrol there, he didn't deny it, but he said he should be found guilty of manslaughter because he had never intended to murder his wife. he said he wanted to kill himself in front of her. but the jury found otherwise. of her. but the “my found otherwise.— of her. but the “my found otherwise. . ~' , ., , . now it's time for a look at the weather with ben rich. good afternoon. it is the end of meteorological summer we are told, what sort of summer from a weather

. >>> welcome back to halftime let's get to the headlines with seema mody >> good afternoon. here's what's happening at this hour we'll start in washington. the pentagon will require all service members to get covid shots. now that the pfizer vaccine has received full fda approval a pentagon spokesman says plans are being developed and a timeline will be released in the coming days. >>> in tennessee, 40 people remain missing after a deadly flash flood ripped through humphries county, west of nashville. the confirmed death toll remains at 21. >>> on the news, the search for the missing. how people survived and stories of those who were literally swept away in the floodwaters. that's tonight at 7:00 eastern >>> in new england, some areas are starting to clean up from tropical storm henri including a collapsed roadway in connecticut. but others are still getting drenched more than 40,000 customers in rhode island are without power >> seema, thanks a lot >>> the investment committee is making moves we'll start with you, sarat. you're adding to two existing positions? >> i am. and

with your cnbc morning business report, i'm seema mody. >> thank you. >>> we'll be back with the latest on the caldor fire. stick around. latest on the caldor fire. you've been taking mental health meds, and your mind is finally in a better place. except now you have uncontrollable body movements called tardive dyskinesia td. and it can seem like that's all people see. ♪ some meds for mental health can cause abnormal dopamine signaling in the brain. while how it works is not fully understood, ingrezza is thought to reduce that signaling. ingrezza is a prescription medicine used to treat adults with td movements in the face and body. people taking ingrezza can stay on their current dose of most mental health meds. don't take ingrezza if you're allergic to any of its ingredients. ingrezza may cause serious side effects, including sleepiness. don't drive, operate heavy machinery, or do other dangerous activities until you know how ingrezza affects you. other serious side effects include potential heart rhythm problems and abnormal movements. shift the focus more on you. ask your doctor abo

eecoff and tea is awi grongat nional chain that'sag manedo tsurvive ring the panc.demi >> we haven seemanlaiy since the paeast yr. >> repor cter:eois la bee says thcoe mpany now faances otr he chale leng--he t high cost of ffeeea bns. drghout and frostsam dagedps cro in bra tzil,hear lgest coffee exporter. thosore shtas gealong with shippingwd sloow ansre making beans moreen expsi.ve the inteiornatnacol ffee niorgazaonti says the ovl eral benchmark price is up 43% sincea stea yr. w noconsumers aryie pangor me fr omhe t corner cafeo tthe gry ocerste.or eeswtwatisers ao lscharging more. >>e wknow americaovns le their ffcoee. hovew ha ctousmers reacted to thpre ice increases? >> ousur ctorsme have been very unrsndtaing, and we have tually only n takeabt oua 5% icpre increase. >>ep rorter: the nropd gupay ssn aravege americans are spngendi autbo ten cents more r a cup of cfeofe now compared to lsuast mmer. rglaer cpaomnies have beblen ae tohs witta tndhe growing esexpen for beans. but 'sit harr defor small nebusiss.es brian joceowlyn nsou mntain oephnix ffcoee icon lora adond bu aysround 3,0

a question maybe that's an opportunity to go out and buy when the names pull back. >> i like what seemae cathie wood who like these companies that see them as technology companies some people say caterpillar, rockwell automation, because they are undergoing such technological transformations. do you see them that way if you think about the enhancement, they talked about the situation with diminished labor availability, farmers are facing a lot of this we're seeing significant consolidation in the farming space in particular, but globally, if you think about the important of mitigating some of these supply-chain issues, we're not just making up for demand from 2020, but remember in 2018 and 2019, it wasn't like the u.s. manufacturing economy was revving it all cylinders, so we have three years of pent-up demand if you think about valuations for these companies, there's going to be a lot of levers, and this productivity enhancements will continue. >>> pippa stevens has more on the crude oil. >> oil close out abrutal week. that narrative is ink chaing as new lock joined are happening. ther

in the next hour, seema stanley of amherst pierpont.loomberg. ♪ ritika: with the first word news, i'm ritika gupta. the u.s. senate is on the verge of giving president biden a big win. lawmakers are heading towards passage this week of a $550 billion infrastructure bill that would provide the biggest infusion of federal spending on public workers in decades. the money would fund roads, water project, the power grid, and a whole lot more. the bill would still need to be passed by the house, who won't pick it up until next month. the securities regulator in china is calling for talks with its american counterpart on overseas ipos. last week, the sec increased disclosure requirements for chinese companies that want to list in the u.s. that came in response to beijing's clampdown on the industry. goldman sachs has become one of the last wall street banks to raise pay for junior bankers. first your analysts will now make at least $110,000. pay for first year associates will rise to $150,000. goldman analysts revealed visitations that show th

seema yasmin. dr., always good to talk to you. when you see what is happening with these mask man dates and now school boards defying the governors saying we are putting the health and safety of our children and staff first. where do you think this goes? >> this is like terrible deja vu, erica. we've been here already. when you look at the numbers nationally for adults and kids in terms of americans getting infected with covid every day we're up 30% from this time last year. so we've been here. we know what it is to see so many of our loved ones getting sick every day. we know what it means to be in the debate about should kids be in school and should they not. to see politicians and the republican governors just trying to score cheap political points, while threatening public health, it is absolutely disgusting. and you mentioned governor greg abbott in texas, he's speaking out both sides of his mouth. he's saying cancel your routine medical care and your regular patients because we have so many covid patients and he's ordering a

i'm seema mo do.griculture giant deere doubling down on robots and technology acquiring bear flag maker of autonomous tractors. there's investment in big tech, a key focus of earnings tomorrow do you buy, sell or hold the stock? ask the team todd gordon and danielle shay. todd, john deere continues to outspend on big tech, autonomous, artificial intelligence is that alone a reason to own deere versus the other industrials? >> i think as you said the investment in technology will impact free cash flows from a valuation point of view maybe not right now but also a macro sensitive name and showing an interesting correlation so as commodities have come off here and seeing the move from inflation, disinflation, possibly deflation you see john deere move lower i think we are topping we have a sharp decline heading in the threat of this temper -- this -- i can't say it taper tantrum and dollar is breaking higher from a big range and as cathie wood said probably a result of china and jay powell will have to r

eastern time, we will catch up with seema shah, principal global investors chief strategist.rom new york city this morning, good morning. higher forecasts keep coming through. we've had it from oppenheimer deutsche bank, from goldman sachs this morning. we advanced by 0.5%. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. president biden is laying out an ambitious goal today. he wants half of all vehicles sold in the u.s. to be emission free by the end of the decade. automakers say that can only be achieved with government investment in charging stations and other infrastructure. china has imposed new travel and movement restrictions in an effort to stop the spread of the delta variant. there have been more than 500 symptomatic cases so far. public transport and taxi services were curtailed in 144 of the worst hit areas nationwide. beijing train services and subway service was limited. more than 150 wildfires are raging in greece today. authorities ordered more evacuations from an island near athens. firefighters are being hampered by temperatures over

liesman, thank you for bringing us that >>> the delta variant is also weighing on hotel occupancy, seemale. >> morgan, that's right. fewer travelers checking into hotels resulting in a drop in hotel occupancy. the 65.7% versus the 70% we were at two weeks ago that data according to sdr a lot of analysts in the travel world including truist are greeting the weak occupancy results to factors like back to school and the delta variant with demand declining, daily average rates charged by hotels per night has also fallen to below $140 a new survey conducted by ubs found the percentage of respondents ready to travel has drifted lower in recent weeks, falling further below 50% after hitting a high of 66% in june. now, august results tend to be a bit messy with schools reopening. that's why the next few weeks of data through labor day will provide much important read as to how covid is truly disrupting travel plans the weakest markets now still big cities, where we're seeing the most revenue drops, the largest presence being houston, louisville, and new york and san francisco where we are seeing

i'm seema mody tesla shares sliding today after the national highway traffic safety administration launchedy's auto pilot system but wall street is looking past the hurdles. at least gold mane sacks is. reiterating the 875 price target while bernstein softed its stance to a low $300 per share for the ev adoption space. let's break it down with quinn of grew financial and quint analysts split on the potential outcome of the federal investigation. who would you side with? >> you're right. they're so far apart you could drive a tesla through the numbers. so fundamentally, it is very difficult to find a fundamental valuation for tesla. i'm a long-term tesla bull but i also think you have to trade it you have to throw that trading hat on and sometimes we're in and sometimes we're not. we're not in it right now. the history shows us that when really tesla starts to come unglued and people get bearish of the name, ultimately that is when you're a buyer. so i think jc will tell us the levels to watch. my guess is will probably break the levels to the down side. that is when i'm be a buyer. i'll loo

i'm seema mody for cnbc. stocks on wall street set to open higher. it's the last trading day of the month and it's been a positive one with the s&p 500 on track to close by 3% higher. the nasdaq up around 4% thanks to better than expected earnings which, of course, has provided strength to this market. in focus today, two economic reports. one is on home prices and the other on consumer confidence. >>> zoom may be losing some of its zoom. the video conferencing service reporting more than a billion dollars in quarterly sales for the first time, but the company signaling demand that sky rocketed during the pandemic is slowing as vaccinations are encouraging schools to reopen and companies to bring employees back to the office. zoom also facing more competition from the likes of cisco's webex and microsoft teams denting its efforts to win bigger contracts from business. >>> on to the iphone, more details are emerging about the rumored satellite feature in the new iphone allowing you to contact someone in an area without cell service. bloomberg reportin

. >> seema mody, thank you for that well, the s&p is moving back into the green, right around the flatline that's going to do it for "squawk on the street. "techcheck" and cathie wood starts right now >>> cathie wood. >> cathie wood. >> cathie wood. >> will join us on "techcheck." >> i've been waiting for this for my entire career ark stood for two things, democratization and transparency we're focused on innovation and very rapid growth companies. zoom, those who invest in technology are going to basically consolidate the industry our confidence in tesla, tesla, tesla, tesla has gone up for a number of reasons. elon musk's determination, creativity, ingenuity, roku, counterpart risk associated with deflation and i think bitcoin would be a hedge against that eventuality. teledoc, what you will not see us do with the chinese stocks is pull out of those names that are more endemic to china itself shopify, coronaviruscrisis changed the world dramatically and permanently. consumers and businesses are not going back to the old world. i loved being a woman in this industry this is amazing. >>> g

seema mody, thank you. >> i wonder if it things how ipos in general are going. >>> probably with this -- it's also been around but nothing that seems like it's necessarily a need for fresh capital, growing revenues very strongly, even in the past year or so, so i do think it's an interesting name it's going to be thrown into the interrupter bucket, even if the overall categories is not necessarily going gangbusters. >> chinese internet stocks are soaring today. deeb ra bosa has the story for us hi, dee. wilf, two words, bargain hunting. at least some investors are deciding to wade back in, including cathie wood who bought shares of the -- on the back of its results. those shares are soaring up nearly 20% today, alibaba up 10%, pin duoduo is up today asking for more risk disclosures from chinese firms, so we'll have to see if this is a dead cat bounce. back to you guys. >> nancy, what is your take on some of these names. have you been tempted? >> not yet, wilf which, you know, of and you have itself, sort of the whipsawing of the reg la story decisions now you have the beijing coming o

. >> reporter: seema jillani is a humanitarian aid doctor from texas who was living near the port.blast. >> my daughter had glass and then also has scars on her left hand and left leg. we've had to do serious work on ourselves and with her, certainly, with counseling and other techniques to try and just get through day by day. >> reporter: a year later and the damaged port stands as a bitter reminder of what happened and what hasn't happened since. lebanon's political leaders continue to protect their own by obstructing the courts and blocking any other meaningful investigations into the blast. this is a country which is now a rapidly failing state. an economic crisis has seen 90% of the currency lose its value, fuel lines stretch for miles, and according to the u.n., 30% of children now go hungry. >> we tend to think that these things are caused by evil, but we never took into account the tragedy that could have ensued ca laziness, complacency, and corruption of a government. >> reporter: corruption and a growing sense of hopelessness as every new crisis reveals an even deeper mis

last month as investors try to weigh delta's impact on spending core holding hyatt hotels is higher seemahy. >> this is a big bet on luxury resorts. hyatt acquiring apple leisure group, a group of resorts from private equity owners for a hefty sum, $2.7 billion. it's a deal that will double hyatt's global resorts portfolio, in the caribbean and n mexico where apple is one of the largest operators for packaged holidays the all-inclusive approach is very attractive to lot of the customers. we have seen deals in the luxury space. earlier this year marriott adding 19 resorts owned by sunwing travel group ceo telling me there is enormous pent-up demand from families and then intercontinental announcing plans to launch a new resorts brand. it's sort of a sign of where hospitality, the industry sees growth as a return of business travel remains less certain. also worth noting luxury is where hotels are seeing the most pricing power right now. the average daily rate for higher-end properties up near 20% just in the last four weeks at around 3 # $50. this a vote of confidence for the travel indust

concerned that evacuations are going to end, and she's not going to be able to leave >> reporter: seemar in afghanistan and is still trapped. >> taliban, told can't travel without a male she's given different excuses. >> reporter: later president biden is scheduled to meet virtually with governors who have raised their hands to help resettle vulnerable afghans across the country sheinelle. >> gabe, thank you. >>> we're also talking weather this morning nearly 70 million americans are waking up to heat warnings and advisories late summer temps soaring from the pacific coast all the way to new england and humidity making the air quality unhealthy. some schools sent students home, saying it's too uncomfortable to wear a mask right now in the class. al, what are you looking at? this is serious. >> and it's going to continue right into the weekend coast to coast, almost 70 million people new england, heat advisories, heat warnings and we expect the feels-like temperatures to be in the triple digits from the southwest to the northeast for today as we get into next week, and into the weekend,

. >>> back to stocks now with both the nasdaq and the s&p at record highs again this morning seema modynames specifically. >> we are watching that storm closely. the reopening trade has been back in play and that is fueling a number of travel stocks, at least the ones that are focused on the leisure traveler. case in point, the cruise lines, despite negative headlines in recent weeks, carnival, royal caribbean, norweigian cruise line up between 9 to 13% this month. also a bet on the vacation traveler and an increase in consumer spending, casino and gaming stocks among the best performing games in the s&p in august up double digits there a different story for the online travel operators like expedia and the hotel giants, marriott and hilton, that rely on leisure and the corporate traveler remember, for hotels, business travel made up around 40 to 50% of bookings pre-covid, and with more companies delaying the return to in-office work, robert mullins says that will weigh on hotels sans they have a high concentration of their properties in big cities that could bode well for airbnb if more

but thanks seema. >>> higher fright costs popped in in earning reports this week as we alluded to goingdana to talk about the issue of supply chain issues and her outlook for retail ceo at advisory group. is it everybody, dana? >> it is everybody, joe. nice to see you, melissa everybody is having this issue ocean container freight rates and just getting the goods in from china to ports on the west coast went from $1,500 six months ago to $15,000 now and growing being able to get the goods for holiday season is a concern. and we're hearing these headwinds are continuing through 2022 there's no end in sight yet. >> so knowing you, you have done the math and thought about who could be less affected who is in a better position to do this and who are the companies that aren't >> we have been doing that work all along. what we're seeing out there right now you're seeing pricing power and some of the apparel companies have pricing power and you look at company like tappestry where there is pricing power and urban outfitters and abercrombie and cosmetic businesses like estee lauder and you ment