larry shover and tom hayes. tom, okay, crystal ball exercise here, indulge me. what unexpected event might we see in august, and what are you buying ahead of that? >> yeah, well, i think the big gray swan that everyone is looking at, liz, are the delta variant accelerating, although we saw it both in the u.k. and india after 45 and 50 days respectively, they seem like they might be peaking. but the other one that very few people are looking at is the possibility of an iran deal which would put a lot of new oil on the market, and that might rattle the credit market. so those are low probability events. we're still seeing earnings estimates going up materially from 213 to 217 for 2022 just this week alone. so we're generally positive, but we do want to get defensive with some health care stocks. liz: health care, okay. so this is interesting. you say nobody's really been lately, at least, talking about the iran situation. i want to get to larry shover. tom just busted a move with that. what gray swans do you anticipate, if any? because we might not, right? i know

lauren: all right, let's get straight to our traders tom hayes and scott bauer. tom, you just heard the labor secretary. he says more people will go back to work when they're vaccinated, but how about when their state ends the extra unemployment benefits? >> well, i think that's a key factor, lauren, as you saw. actually, the number of unemployed people ticked up a bit to 9.5 million. that compares with 5.7 million pre-pandemic. the unemployment rate ticked up to 5.9%, that compares with 3.5% pre-pandemic. that manes that the fed -- means that the fed is probably going to, as powell have been saying, taper becomes a 2022 issue. market is up, biggest gainers, leisure and hospitality picked up 343,000 and education, 269,000 jobs. i think there's an interesting trade here, because the thurm one factor in housing -- the number one factor in housing demand is jobs. and we did pick up 850,000 of those this year. one of the things that we're looking at is the mortgage originators. they've been beaten up in recent months, and united wholesale mortgage corp. is trading at

let's get to tom hayes and chris robinson. chris, obviously, the competition president biden, the executive order targets really worse in some sectors than others. big tech has been smashing any little guy that pops up, but three of the four big tech names, apple, google, facebook are up. what do you think about this, and does it, i guess, trip up the bulls? it's not right now. >> no. looking at the s&p futures at all-time highs, you know, reversing a lot of the stuff that the previous administration has done, that's sort of their bailiwick, right? regulate it. to old ronald reagan truism, if it moves, tax it. if it keeps moving, regulate it. if it stops moving, subsidize it. we're back to that type of outlook. the great thing is this market doesn't care. the market's up 35% since the election. 35%, and we're sitting here making new highs. so, you know, if the markets every time they make new regulations, if the market responds like this, i'd say, you know, let's have four more years of it because it certainly doesn't seem to

barry james, tom hayes, thank you very much. >> thanks lauren. lauren: so space, the stock, not matching the hype of richard branson over the weekend. the billionaire jetting into orbital space in the latest successful test flight of virgin galactic unity space ship. let's take a look at shares up sharply in the pre-market but with about an hour until the close they are down 18% after, surprise, virgin galactic said it's going to sell $500 million in common shares. so, that was such an announcement that really got a lot of people saying well why now? so 50 minutes until the close of trading the downward move clearly weighing on the procure asset management's space etf ufo , the only pure play space in the market, virgin galactic is of course their top fund, so that etf is down over 1 % joining us with his exclusive reaction to today's news and branson's giant step for billionaire kind, the man behind this high flying fund, ceo andrew shannon. andrew, welcome. >> thanks for having me. lauren: just define how big of a deal, what we saw over the wee

tom, i think you're going to demand it is. he's double. it was a mom. but have you had before don't much hayes on c'mon on don't girl kin isn't slunk it and she bought condos and buffing by his own good daughter down to only between the upon make you might miss that. i didn't know because you see dear me see not copy. i laundry upon. i did not fall in love for the good. i know me, pauline for 32 by to do so. don't be denies. i'm calling for those to dissolve funky down class. he printed the qu, make you yeah. he did. to need to need to need to know the exposition it off on the bus because you imagine him imagine what i have to have to go died. paula should be on the phone to me. it is probably cc seen as of yet it shows by the mortgage and the budget. we shall go approve the big monthly, the don't don't kill everything. but if it shows the photo garcia can more buy them. the muffin is good. that's good photographs and see if it kinda has picked up and should show respect digital. hello, that is a mechanical or even that self driving train of the apple. but androids today can be over the humano

tom? i think you're going to demand it is he's double. it was a mom. but have you had before? don't do the mush hayes on c'mon on don't kerchief kin isn't slunk, isn't she by condition, but by his own good daughter to let the upon make you might've missed on that campus to help us because you see the rock me see knuckle p laundry upon the phone is given on photograph, giving me pauline for those by to do so on the pedals. updated i put in for those to did is also he printed the qu, make you yeah. he did to need to need to need to know the extra lifted off on the bus because you imagine i imagine i have to have to go died. paula should be and also to need it to be compound cc, seen as of yet it shows by the mortgage and the budget. we do show goes approve the monthly the feed on to kill everything the defense. but if it shows the photo garcia can more by the method of good, that's good to photographs and see if he kinda has picked up. and she was respect digital a little bit as a mechanical or even that self driving train of the apple. but androids today can be dearly humanoid robots, like me, will be

good evening from new york, i'm chris hayes, there is big breaking news about another close trump associate arrested and charged with crimes of corruption, his name is tom barrack, he's a billionaire businessman he is accused of illegally lobbying donald trump on behalf of the united arab emirates. prosecutors in new york unsealed a huge seven count, 46 page indictment, we're gonna go through it, we have a reporter who is reporting on this. but this is a very important development, for a bunch of reasons. when we last we're here, last night, we were talking about the fate of the rule of law, and particularly in the period where the justice department changed hands from william barr's, and then the final days of the trump administration, which jeff rosen to merrick garland. last night we were critical of the fact that justice department has, according to reporting, declined to prosecute trump secretary of commerce. that was according to reporting from both the associated press and government executive. that decision, not to prosecute, came after the commerce department own specter general found that he had lied to congress about a citizenship question th

hayes. we have big breaking news tonight. yet another close trump associate arrested and charged with crimes of corruption. his name is tom barrack. a billionaire businessman. he's accused of illegally lobbying donald trump on behalf of the united arab emirates. prosecutors unsealed a huge seven count 46 page indictment. we'll go through it. we have a reporter reporting oen this. this is a very important development for a bunch of reasons, not the least of which because when we last met here at this desk last night we were talking about the fate of the rule of law where the justice department changed hands from william barr and the final days the lackey jeff rosen to joe biden's new attorney general merrick garland. the justice department had declined to prosecute wilbur ross. that was according to reporting from the associated press and government executive. that decision not to prosecute came after the commerce department own inspector general found ross had lied to congress about a citizenship question that he wanted to add to the 2020 census. we have an important update to that story. the ap and government executive h

latest on the arrest of tom barrack and what it could tell us on the ex presidents action in the middle east. when all in starts right now. good evening from new york, i'm chris hayeswo days, much of the northeast and midwest look like this. hayes and the sun a thick smog over an entire region of this country that is very much

latest on the arrest of tom barrack and what it could tell us on the ex presidents action in the middle east. when all in starts right now. good evening from new york, i'm chris hayes. for the last two days, much of the northeast and midwest look like this. hayes and the sun a thick smog over an entire region of this country that is very much not used to it. unlike the mountain west, which lives with forest fire, this kind of smoke has felt dystopian and new. in fact, it's not just your imagination of it feels that way to you, if you live in that part of the country, the air quality index in parts of newark city yesterday was over 170, which is the worst it has never been in 14 years. when you think about that air quality, there is no way to escape it. no matter how much money you have, where you live, in the end, everyone has to prove the same air. it's a real wake up call yesterday for everyone in the parts of the country covered with the smoke. breathing that same air that emanated from wildfires thousands of miles away in the west. turns out, we share the same climate with them. right now there are more than 80 fires burning across the 13 states, many more burn