i'm seema mody "squawk box" is next that's why insurers are going hybrid with ibm. cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you. >>> good morning louisiana in disaster mode as hurricane ida ripped through the state and slashing energy output from the gulf of mexico. >>> a developing story from afghanistan. the clock is ticking to evacuate american personnel and allies. the latest straight ahead. today is the 30th. one more day. >>> on wall street, investors still digesting fed speak as we prepare for the friday jobs report it is monday, august 30th. "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen andrew is off today. if you are watching the u.s. equities market, a lot of bad headlines. s&p 500 and nasdaq closed at new highs on friday. you can see right now, futures are ind

." >>> 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

seema mody for more "trading nation" you can follow along on twitter.e 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 initiating coverage on robinhood and its lukewarm reception with several

friday august 27th, 2021 is you're watching "worldwide exchange" here on cnbc >>> good morning i'm seema mody in for brian sullivan here's a look at how global markets are setting up the day stocks future higher across the board. s&p 500 did retreat snapping a fo five-day winning streak. the dow jones industrial, check it out, up 98 points in premarket trade. treasuries ahead of the speech from jerome powell the ten-year yield at 1.3% the big action in the commodity market oil companies have been airlifting workers from gulf of mexico production platforms. look at wti crude on pace for the best week since february up about 10% let's go worldwide, though, and look how trading action is under way in europe. joumanna is live >> thank you, sema end up a tenth of a percentage point higher much of these industries trending around the flat line. we have the ftse higher and the minors putting in a good performance and right at the top of the index done about eight basis points and then germany you can see also a lot of focus this week and microdata coming in suggesting the economic slow down has just

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

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

back to you. >> seema mody, thank you for that well, the s&p is moving back into the green, right around 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 in

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

page from the budget airline playbook but will it get more customers to check in and check it out seema mody is here with the chairman and ceo of mcr hotels, a guy with a great first name, tyler morse. >> a lot of people are questioning whether this pricing concept will work. welcome to "power lunch. you are behind this pricing concept. yes, people are wondering whether it's the right thing had to do, tyler, to charge customers access to the pool, early check-in, late check-out tell us why you think this is the right time to do this, to implement this strategy. >> great to be here, seema i think all you have to do is look at the airline industry they pulled in $105 billion in nonfare-related revenue last year it's fully 35% of air carrier revenue. customers griped about it at first but now they love it you can fly to florida from new york for $39 if you want to check a bag that's an extra $20. if you don't want to check a bag, you're good at $39. so the hotel business is the second oldest business in the world. it took a long time to come around to this if you look at the aviation business,

i'm seema mody peloton is out with earnings after the bell the company resuming sales of lower cost redesigned treadmill after a safety recall in may the stock is falling out of favor with reopening trades taking leadership over the stay at home plays. let's discuss with the trading nation team, tom gordon and gina sanchez. and when you look on wall street there are 22 buys and two sells that would tell you wall street is rather optimistic about peloton's growth story what do you think? >> yeah, how can you not be? people are trying to call the end of the pandemic and the reality is we're going to have to live with this for a while and it will push out the return of the office. you and i spoke about planet fitness and made the point it' not an either/or decision, they both can co-exist. if you look at the chart heading the earnings, we have an inverse head and shoulders which is a trend continuation pattern we get up to 127, i don't see any reason we can't go back to highs. i own the stock, i own a bike and the peloton facebook group, they're selling for $1,800, the cost of the new basic model

. >> 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

i'm seema modi robinhood out with earnings at the bell its first quarterly report since going public july. while the company aims to democratize trading, its stock has been caught up in the meme trade, now trading roughly 30% from its pio price of $38 a share, but trading higher today. let's bring in the trading nation team, matt maily and miller taybalk, and whether it's currency trading, so much to look for in this earnings report, but what will you be looking for? >> yeah, seema, thank you. i'm looking for a couple things. robinhood 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

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

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

. >>> 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

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

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

covid delta variant fears are continues to weigh on the travel names, as we've been discussing, seema mody fred, over one month since the cruise line 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 seas

month as investors try to weigh delta's impact on spending core holding hyatt hotels is higher seema mody> 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 industry as

. >>> 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