threat of inflation americans go back to work in schools were open and extra benefits expire and trevor miltonndicted for misleading wall street about the electric vehicle company that is a lesson for investors, on the barron's roger ben levisohn, carleton english and dachau. so many headlines this week, we had the scary delta variant filling hospitals from florida to kansas, fed meeting and then the gdp numbers came in that were strong but not as strong as expected and investors shrugged. >> there's good reason that the investors shrugged, none really matter the fed did not do anything, the gdp raging should 6.5% growth, what it does care about his earnings, nearly 90% of the companies that are really so far have topped the earnings expectation, even though the s&p 500 fell 0.4% more than 300 of the companies in the index finished higher the equal weight to s&p 500 and the russell 2000 finishing up this week and that could be investors are willing to put the back to benefit from a reopening as delta might has gotten as bad as it's going to get. gerry: i sure hope so the small caps are getting

hill stock rolling down the cliff while tesla is up today no comment on if that might have been trevor miltonn the suit interesting capable of a dead lift of, what, 150 pounds? >> right look this is for those things born that are boring or repetitive or dangerous. they haven't built a prototype and putting out those notes they'd seen next year saying they believe they have the intelligence of optimists in a bot. a tesla bot. >> this was really a recruiting event they were able to rewrite the advantage. could its positioning in ai that it is laying the groundwork for something similar to something that aren't obvious to other automakers beyond the robo taxis? >> absolutely it is artificial intelligence tesla has staked clear advantage. you talk to others and say that's not true. we are every bit as active and making vantmentes as quickly as tesla. there is a perception and creating the impression that tesla is the place you want to be if you want to work in ai >> i understand the recruiting element. but if you are in ai, wouldn't you want to kbo somewhere proven to bring it to market in someth

a lot of them have fizzled out with nikola, what happened to trevor milton, but it is difficult for new to come out here, even tesla, to build a semi-tractor trailer with electric power. why is that? peter: volvo trucks has a long history in building trucks, how long history with our customers. there are a lot of different applications, whether you want to do beer or haul oil, fruit, those are different applications. with our customer relations within the industry, we have been able to build this vnr electric. this truck behind us was one that we already had, designed and developed for the north american markets. everything that we sell is built in our virginia plant. we have used the global technology we have, and we have been working for that for a long time. that is how we then take step-by-step and we come out with a truck with a range of 150 miles which is ideal for distributional in cities, regional distribution. by taking these steps and going to the market, this is how we will reach our goals, goals set by states, the government, but also the goals we set ourselves. we want 35%

address for former ceo, trevor milton, last week he was indicted on three counts of fraud. charges that his legal team denies nikola admits this could be a potential issue down the road. that it could be a distraction, if you will, for the company look at nikola over the last year this is a company that they spent $13 million covering milton's legal fees, what happens in the future could be a distraction. but more to the point of the stock today, it's the fact they cut their guidance back to you. >> all right thank you very much, phil. >>> wolverine worldwide buying lululemon competitor sweaty betty for 410 million. pridt mpy' to the coans esenabout the big bet next you have the best pizza in town and the worst wait times. 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 do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but

chain issues are getting the blame the news comes less than a week after founder and former ceo trevor milton was criminally charged with frauding investors and his indictment is "a potential distraction going forward." you think? okay, how about potential distraction now? because the stock is down 7.5% at the moment. bitcoin mining stocks tumbling alongside cryptos at this hour, marathon digital is moving lower despite a record haul of bitcoin s, right? they mine the actual bitcoins, marathon is down 5.25% and then you have riot blockchain also lower by 6% and hive blockchain has paired a chunk of its losses , that's good news, right? but we do still have shares of h ive moving lower, cryptocurrencies right now in the red for a totally unrelated reason though it appears deep in that 2,000-page infrastructure bill there's a crypto tax that could raise something like 28 billion in revenue to help pay for the $1 trillion plan. hey, crypto has got to do its part, right? the rest of us are, sec chair gary gensler hinting at new regulations for digital currenc ies saying the sector is "ripe with f

not the biggest news, indictment of trevor milton last week may not be done there either important tofbi which do often work together on these kinds of things doesn't mean they're just going to stop at trevor. does it? >> wait a second go back to under armour, yesterday's "jeopardy" question. >> okay. >> a million and a quarter remember the justice department was all over them? yellow jackets, that was wrong the justice department backed away. >> did they bring charges? did they indict? >> no. >> investigated, investigated, had nothing. >> a little different. here they indicted read the complaint an innocent man until proven otherwise. >> innocent man? what is he, billy joel >> the response from his lawyer was, the language pretty out there. every executive in america all to be horrified, terrified >> why because they pushed the truck downhill >> yeah. >> to show the thing was working? what exactly has done that that i know of procter & gamble i mean -- no >> it was -- >> they never said the truck was under its own power. only implied it. >> like the orders >> said somebody actually -

nikola, the embattled truck maker, whose founder trevor milton charged with making misleading false statements deliver 50% of the trucks they said they would this year. let's take a look at hotel operator marriott international. things are recovering according to them. the stock is selling off though. they expect an uptick in business travel this fall. stuart: they expect it this fall. haven't seen it yet. susan: delta variant spreading? overly optimistic. stuart: earlier in the show we talked about apple. the news i believe they are the most profitable company in the world. susan: which i don't think is a surprise although you were a bit of surprise. okay, they made, according to fortune global, they made $57 billion for the entire year. i think the past quarter, you saw the quarterly earnings last week, kind of proved, cemented this. if it was tremendous. profit up $21 billion, record spring quarter. $21 billion in $80 billion of sales. they pretty much print money. not just apple. look at the entire technology space. i counted amazon, alphabet, throw in facebook and apple, total quarterly p