wilfred and i were meant to be together it is our birthday i'm sara eisen with wilfred frost. session for stocks we're higher on the week we're selling off here into the close. down more than 1%. let's look at what is driving the action with an hour left of trade. a better than expected jobs number unemployment rate falls to 10% still tough conditions in the labor market that wasn't enough to offset lingering tensions between china and the u.s. as president trump moves to

wilfred brimley died at 85 years old.illian: tensions ratcheting up again overnight between the u.s. and china as president trump takes another swipe at beijing over what he calls the mismanagement of the outbreak, this as chinese owned app tiktok strikes back after president trump threatened a u.s. ban. lauren blanchard is live with the latest. >> reporter: hi, gillian. secretary of state mike pompeo says president trump is going to decide in the coming days whether or not he'll attempt to shut down the app, the popular social media app tiktok in the us because of its connections to the chinese government. here's what the secretary of state had to say on sunday morning futures. >> the united states said goodness, if we're having fun with it, if a company can make money off of it we're going to permit that to happen. president trump has said enough and we're going to fix it. >> reporter: sources tell fox business while the president is making his decision, talks of a tiktok sale to microsoft aren't completely on hold. how

. >> thank you welcome to closing well, i'm sara eisen with wilfred frost. what's becoming a strong week for soft s&p within 3% of an all-time high. let's look what's driving action in trade positive vaccine from johnson & johnson, novavax helping lift sentiment and stocks better than feared disney. mega stock rocketing higher by as much as 10% some optimism that lawmakers are making progress on the next virus relief package we got news republican senators are pushing for $25 billion in additional aid for the airlines. nasdaq record high, gold record high, oil at a five-month high, 59 minutes left to trade, wilfred. >> we're up 0.6% on s&p 500. ahead on today's show cbs giving up despite strong earnings and guidance, we'll speak with ceo larry merlo about the results. >>> plus shares of twillio up 50% but taking a dip on earnings today. we'll take a look at work from home winner. roku, etsy and zynga analysis as soon as they cross first big stories we're watching today, mike santoli tracking action, david faber new reporting on microsoft tiktok and berty on

i'm joking around with kelly and wilfred frost. very classy.ole level of the show, wilf i'm not kidding. u.s. equities at this hour as you can see have gotten much worse. yeah lobar but down 170 points now. nasdaq indicated down 50 and the s&p is down 21 that has gotten significantly worse. attributable to -- i mean, you know, it's on a percentage basis, not a lot we were unchanged when we started. actually up a little so i don't know what you would necessarily attribute that to although we have been weak for three or four or five sessions and there has been, you know, some -- >> earnings were good. >> talk things got bullish things got bullish, right, kelly? a little bit frothy maybe. a new high on the s&p. >> the goldman report for the start of the third quarter, they had the lowest short interest in the s&p 500 in 15 years so to your point, i mean, we've come back so strongly. the stocks were on a role. anyway, as i've said, 185 points could be nothing more than someone decided things today are a little frothy. i'm not discounting the call t

i'm wilfred frost along can sara eisen. the nasdaq soaringtoday. health care consumer and discretionary higher today vice chair afirms a low rate policy even if unemployment starts to fall and split stocks apple and tesla rallying apple up 5% today. tesla up 10% today tesla is now surpassed j & j and visa to become the seventh most valuable company in the united states 59 minutes until august is in the books. we're waiting for a record close for the nasdaq possibly another one for the s&p 500 though just negative as we stand >> welcome back, wilfred good to have you back here coming up, delta's ceo ed bastian joins us with the thoughts of the latest industry. and of course his response to united's move today to eliminate change fees. we'll also speak with mohammed el-erian about texceptional mont for the bulls. we're looking to cap off a 7% up month for august the work from home winner zoom reports earnings after today's close. that stock is up nearly 500% on the year can it keep up the furious pace? let's get straight to the big stories we're watc

if you're joining us to "closing bell," i'm sara eisen with wilfred frost.a look how we closed. lower for s&p 500 and nasdaq there's the dow down 84 points into the close it was its first down day in the last three -- actually third negative day for the dow s&p 500 had its first down day in the last three. it did hit a new intraday all-time high 3999 in the session. ultimately took a little spill there. first after the minutes were released from the federal reserve from the last meeting toward pessimism over economic recovery and into the close. closing .4 of 1% nasdaq down after intraday all-time high in the session the russell 2000 index of small caps actually closed up for the second straight day in the last three. for the year, though, small caps down 5.8% for the year for the s&p just to compare it it's up 4.36%. apple becoming wall streets firs $2 trillion company in today's session. couldn't quite close there still what a milestone investors are now awaiting earnings from chipmaker nvidia one of the hottest on wall street, instant analysis of the resu

it also includes a photo of borisjohnson and carrie symonds on holiday in scotland with their son wilfredrn to school also dominates the mailfront page and that the uk‘s chief medical officers have ruled that it is safe for children to go back to school next month. the independent reports that care homes were put under pressure to accept patients with coronavirus during the peak of the pandemic it also has a photo of emergency services in california, who are battling to keep dozens of wildfires under control. so let‘s begin... we are going to stay with one of the big stories at the moment, of course, as children hopefully, heading back to school. james, let‘s start off. front page of the observer what‘s keir starmer saying? well, i absolutely agree with what keir starmer is saying. he saying that the chaos that is and develop the government in the past two weeks over the eight levels in the gcs ease has set them back to weeks in preparation time for schools to reopen in september. i remember there was a phrase used to describe one of george osborne budgets a few yea rs one of george osbor

arthel: hollywood remembering character actor wilfred brimly who has died at 85.e began his career as a movie stunt writer and worked his way up, bringing a gruff charm to some of his most famous roles like the manager in the natural, opposite robert redford. he may be best known for cook c. his manager said brimly died at a hospital in utah where he was on dialysis and suffered from other medical ailments. wilfred brimly has passed away at 85. [♪] when you have diabetes, managing your blood sugar is crucial. try boost glucose control. the patented blend is clinically shown to help manage blood sugar levels. it provides 60% more protein than the leading diabetes nutrition shake. try boost glucose control. arthel: crews in california are trying to control a wildfire in the middle of triple digit temperatures. the apple fire began and two separate fires that merged and kept growing in riverside county, east of los angeles. nearly 8,000 people had to evacuate their homes. so far, no injuries reported. no word yet on what started the fire that has already scorched at

i think, wilfred, what derails this market isn't more china/u.s.political differences, it would be if we get them large scale bankruptcies otherwise you have a very strong technical supporting this marketplace. >> has slightly plateauing or improving data as it relates to the virus make you feel like those bankruptcies may be held off or not >> no, unfortunately not i think the damage done to the economy is large i don't think the simply leveling off in gdp growth is going to make us avoid a couple of things that i'm really worried about, long-term unemployment and on the other hand a series of corporate impairments, bankruptcies. we need to get back to the notion of v as opposed to a square root where we come up and level off. >> mohamed, what is the greatest fear about the rising number of bankruptcies is it the joblessness that the bankruptcies will spur or is it the credit defaults that bankruptcies could eventually trigger? >> well, you know, everybody wants to avoid short-term and reversible problems becoming long-term problems that are struc

>> that's a -- i love that question, wilfred. you may well be right.tion has been proven. i haven't seen it. >> we might just have lost mark there. we'll see if we can get mark back in the meantime, the last couple of days we've seen a rotation out of those tech stocks the nasdaq two days in a row, quite significant underperformance of course, haven't had much more than two days of rotation out of those tech stocks. mark can join us again mark, you were saying whole foods hasn't been proven yet >> no, it hasn't i don't know how long that's going to take. that's a five-year journey for amazon to prove the value of whole foods. we haven't seen a lot of synergies come out of that the big win for amazon is getting further into the category that they've been only marginally involved. we've had this major event, which is covid which has caused this dramatic two or three-year acceleration in online grocery shopping whether amazon can come out of this proving whole foods, that's the question. >> mark, it's brian sullivan obviously a lot of talk this morning ab

the paintings are made on pages from a famous european travel account arabian sands by wilfred besser. for me wilfrid that's it your symbolize kind of everything i hate. and and this is kind of a big thing to say like he is aristocratic british and who traveled with tribal people in saudi arabia and he's considered a hero by everyone in the world he gets to define what history is he gets to say what is the what and people listen. over messages words migrants as heroic travelers who stories matter she uses faces recorded by colonial photographers a century ago to tell a story about today. i mean beauty is so important on the protests it's about my own sense of empowerment and. also it's about giving consent of the people that are thought about it's a kind of redistribution of power. in a 100 german must reads this week a book published just 8 years ago by the young novelist aggression it was her debut novel she was a mere 26 years old when she wrote it has the intriguing title all russians love birch trees it's a multicultural novel role and expressive as is the main protagonist david

now just about 20 points away from a record on the s&p 500 wilfred, we crossed over that level that would have been a closing high we lost a the lot of steam >> i know. we didn't quite make it and sold off near the close but doesn't look likely to happen today as things stand lots to come on today's show we'll hear from two key market voices as the s&p 500 nears and pulls back and then hovers below that all time high dan niles and mohammed larian will join us we'll discuss the growing china fallout with carly fiorina let's start with the key stories we're watching mike santoli is looking at the recent recovery in bond yields and joining us to talk about apple as they hit the new high is tony from sanford bernstein >> it's really not that unusual for the market to hesitate for a while when it reapproaches an all time high. although, it seems almost a little too cute the way it's done the past few days really floating with that all time high level and faltering later in the day they're up about 50% it's not the case you often get a perfect double top so i don't think it's at risk of saying

i'm sara eisen here with jon fortt in for wilfred today we're points away from an all time record high on the s&p 500. the index continues to bump up against that level just dipping into the red there. we're 3370 let's look at what is driving the action the rotation is back reopening trades like airlines and industrials and rallying while tech take the backseat what is hitting a record retail sales for the month of july despite the pandemic. that has retail stocks rallying. delays from washington from the trade deal to the stimulus negotiations, deadlines and expectations being pushed back the we've got 59 minutes left to go in the trading week s&p 500, 16 points from a record close. down right now, jon. still higher on the week everyone except the nasdaq >> great to be with you this afternoon. we have a big show coming up to finish out the week. we're going to speak with minneapolis fed fred neel sakashkari and later, as stimulus talks grind to a halt, we'll speak with maxine waters about whether there is any compromise to be had. plus, she'll discuss a new bill encouraging the fed to

it also includes a photo of borisjohnson and carrie symonds on holiday in scotland with their son wilfred on sunday's front page and that the uk's chief medical officers have ruled that it is safe for children to go back to school next month. the independent reports that care homes were put under pressure to accept patients with coronavirus during the peak of the pandemic. it also has a photo of emergency services in california, who are battling to keep dozens of wildfires under control. 0n the front page of the sunday times, reports that the education secretary gavin williamson was on holiday the week before the a—level exams fiasco — with sources saying he cancelled a crucial meeting to go. and in the sunday mirror, "harry's £90k get out ofjail card" — the paper reports that the manchester united captain can buy his way out of anyjail term following a brawl on the greek island of mykonos. the footballer could face three years but denies guilt over the fight. he could also face three years, but denies allegations about the fight. so let's kick off then with, well, let's go with the mail

wilfred and i were meant to be together it is our birthday i'm sara eisen with wilfred frost. bumpy session for stocks we're higher on the week we're selling off here into the close. down more than 1%. let's look at what is driving the action with an hour left of trade. a better than expected jobs number unemployment rate falls to 10% still tough conditions in the labor market that wasn't enough to offset lingering tensions between china and the u.s. as president trump moves to ban tiktok and ratchets up pressure. a big thing the marked is watching into the weekend, stimulus negotiations in washington they appear to be stalled with no breakthrough yet. but that could change. we have 59 minutes left of trade. >> we do sara, as i know you were equally with me on this, we also happy birthday wishes to "closing bell" and power legend bill grijive who shargri griffith who shares our birthday and mrs. carl quintanilla. it goes on and on this great seventh of august. >> popular day >> great day it is because of them, not us. coming up on today's show, tensions ramp up between the u.s

. >> reporter: yeah, wilfred, grinding on is a good way to put it we're going to have one of those at 5:00 p.m. today that's when we'll see leaders meeting up on capitol hill with representatives from the white house and the administration to try to hammer out a deal here ahead of the self-imposed deadline of tomorrow not at all clear they'll get a de deal two top leaders were on cnbc both on cnbc, laying out the philosophical disagreement. >> economists tell us, spend the money, investment the money for those who need it the most they will spend it it will be a stimulus, or at least a stabilization, and that's a good thing. >> the argument over how much is appropriate at this particular juncture, as we struggle to get the economy back on its feet and get the country in a place where it can sustain it/of until we get a vaccine. >> reporter: almost everybody in this debate agrees there needs to be a new bill with some new spending the question is how much and what type. the president is facing a tough reelection in november he would like to have some sort of resolution, he has said tod

i'm sara eisen here with wilfred frost. it happened.et an intraday record high this morning and we're on track for a record close h again, we really are let's see if we can close at these levels look at what is driving the action right now amazon, the top performer, walmart and home depot trading lower despite what were blowout earning reports number progress on

. >> thank you welcome to closing well, i'm sara eisen with wilfred frost.ng a strong week for soft s&p within 3% of an all-time high. let's look what's driving action in trade positive vaccine from johnson & johnson, novavax helping lift sentiment and stocks better than feared disney. megack

i'm wilfred frost along can sara eisen. the nasdaq soaringtoday.and discretionary higher today vice chair

good morning everybody welcome to squawk box here on cnbc i'm becky quick along with melissa lee and wilfred. joe and andrew are out today thank you for coming in early on a monday morning you're afternoon/evening people. i'm glad to have you here. >> pleasure. >> our pleasure. >> nothing like yanking you out of the weekend early. >> for this, it's always worth it >> thank you well it's great to have both of you guys here. obviously it's monday morning. people are wondering what is going to happen in the market. we'll take a look at the u.s. equity futures the dow is up by triple digits this morning gains last week for all the major averages this morning dow is up

see you tomorrow "closing bell" right now >>> thanks, guys welcome to "closing bell," everyone i'm wilfred. the s&p 500 is within just a handful of points as we stand at that record close. let's have a look at what is driving the action advances in amazon, alphabet, microsoft helping the market and the nasdaq in particular tesla also breaking out to highs, up about 8% the 10% today. home builder stocks are rallying concerns over the stalled stimulus negotiations and simmering china tensions are keeping broader markets tempered

i'm wilfred frost with sara eisen. stocks lost steam in the last hour, nasdaq falling into the red.g positive would mark another record close for those two. back hovering around that flat line let's look at the action fed minutes just out last hour put some pressure on the market. officials say that the ongoing public health crisis would weigh heavily on economic activity and employment that was the selloff about an hour ago but another day of blowout numbers from american retailers.

i'm sara eisen here with wilfred frost. we're watching very carefully the levels as we inch closer to a record high on the s&p 500 we're set for an eight day win streak if we continue higher stocks have lost a bit of momentum as you can see in the last few minutes we'll watch every tick for you heading into the close let's look at what is driving the action the rotation is in values and cyclical stocks winning to day industrials, transports, energy, financials, they're all working. the nasdaq down .5% on the flip side >> 59 minutes heft in the session. ahead on the today's show, within striking distance of the lows, liz ann sonders weigh in on whether it is too late to get into the market rally. plus, we'll speak from twillio ceo. think lost steam on the back of the earnings and a stock offerings. let's focus on the big stories joining us to talk stimulus in the capital gains tax is chris krueger. but first, mike with you and the broader markets. stepping up a little bit from the highs. >> we have they make a very near appr

i'm sara eisen here with wilfred frost. it happened. the s&p 500 set an intraday record high this morning and we're on track for a record close h again, we really are let's see if we can close at these levels look at what is driving the action right now amazon, the top performer, walmart and home depot trading lower despite what were blowout earning reports number progress on stimulus. housing starts surge 2ging 22% n july countdown to a record. we are above it right now. but as we have said, we have been there before. 59 minutes until it's official will today be the day? i don't know, mike san toll ji not here. if you missed out on the market's stunning rally, is it too late to jump in now? we'll ask founder mike novogratz for his take and a world of difference. how much the global economy has been altered and the challenge that's remain with david melpass. let's get to the stories we're watching bob pisani is marking the action sara has new details on one of the biggest earnings and bob, let's start off with you. it's technology. ther

i'm sara eisen here with brian sullivan who is in for wilfred frost to i day. welcome.t's look at what is driving the action a rally in technology. apple is sitting at hay hia high today. amazon, alphabet aand adobe the total number of cases continues to fall.

i'm sara eisen here with wilfred frost. watching very carefully the levels as we inch closer to a record high on the s&p 500 we're set for an eight day win streak if we continue higher stocks have lost a bit of momentum as you can see in the last few minutes we'll watch every tick for you heading into the close let's look at what is driving the action the rotation is in values and cyclical stocks winning to day industrials, transports, energy, financials, they're all

i'm sara eisen here with wilfred frost.rallying to start the month with nasdaq and growth stocks outperforming what is driving the action big tech apple, netflix higher. it's microsoft that is leading today. up more than 5% on the back of the potential acquisition of

i'm sara eisen here with jon fortt in for wilfred today we're points away from an all time record highe s&p 500. the index continues to bump up against that level just dipping into the red there. we're 3370 let's look at what is driving the action the rotation is back reopening trades like airlines and industrials and rallying while tech take the backseat what is hitting a record retail sales for the month of july despite the pandemic. that has retail stocks

. >> i'm wilfred frost from sara eisen. we're close to making history right now. all-time closing high. let's look at what's driving action tech bouncing following yesterday's ugly close apple, microsoft, netflix, facebook, amazon not far behind. treasury yields lower after moving the opposite way yesterday and seeing a strong ten-year auction today banks under pressure because of that no movement on stimulus bill speaker pelosi sayin

david faber is in for wilfred frost f we're in the green, it's a record high. watching the s&p 500 and nasdaq look what the is driving the action in the final hour of trade. >> the dow shake-up. david is all over the significance of the

i'm sara eisen here with wilfred frost. stocks rallying to start the month with nasdaq and growth stocks outperforming what is driving the action big tech apple, netflix higher. it's microsoft that is leading today. up more than 5% on the back of the potential acquisition of tiktok positive covid-19 treatment news eli lilly starting phase three of an antibody drug. we'll get into that and we have better than expected manufacturing data which along with better than feared earnings is helping lift sentiment. we're on record close watch for the nasdaq 59 minutes left trade. >> we certainly are. it's up 1.6% lots to come on today's show we'll discuss the fast moving developments in the talk between microsoft and tiktok and what a mean would mean for other social media stocks with chris kelly. the plus, big testing companies like quest and lab corps warn of back logs and delays, we'll talk to gravity diagnostics ceo we have big earnings reports coming your way. virgin galactic, take-two and chegg and more we'll bring you the num

good-bye for now see you tomorrow >> thank you welcome to "closing bell," everyone i'm sara eisen with wilfred. a choppy session let's look at what is driving the action initial jobless claims coming in under one million for first time since march. we're still way above prepandemic records. another official cause of a stalemate, no movement in washington and another stimulus bill and relief for the millions of unemployed still not much movement

. >> thank you, wilfred. the. >> let's start broader market:we may move on to some of those names.the s&p 500 overall, what do you feel about evaluation >> well, if we take where we are now, 3398. you're 30 times earnings a lot of people are looking across the valley to next year and s&p 500's own estimates, $163.43 is way too high. still 21 times next year's earnings which is high now granted, interest rates are low. the ten year is only 64 basis points but stocks are expensive as you know, it's really five stocks that are driven the averages, apple, microsoft, amazon, google and facebook account for 23% of the weighting in many the s&p 500 and 47% of the weighting in the nasdaq 10 . so the averages belie what is going on in the american economy. >> of the five stocks, very expensive, well priced, cheap? >> to be frank, we own apple i bought it a million years ago when it was a value stock. i don't own the others i actually looked at the pes based on next year's earnings. they're roughly around 30 times. google is 26 times obviously amazon, 74 times forward earnings i understand t

and tyler and welcome everyone to "closing bell," i'm sara eisen with kayla tausche today in for wilfred frost. a quiet day, the dow up 30 points or so nasdaq surging on a new record let's look at what's driving the action with one hour in trade. netflix up, salesforce up 25%. an incredible move for that stock. adobe, facebook rallying as well promising news on covid front, as well as declines in cases across the u.s. not just big tech winners, jaw-dropping moves for individual stocks. roku up 11%. dick's sporting goods up 15. urban outfitters up 20 we've got them all covered for you. 59 minutes left, what is set to be another record close for s&p and nasdaq all we need is a positive finish kayla, welcome. >> thank you, sara thank you for having me. feels like record finishes every senile day we have a great lineup of ceo interviews coming your way on the rest of the show we'll me with the head of toll brothers about his company's strong earnings results and whether the housing market can keep topping expectations over and over again >>> plus shares of crocs you heard me up. up 300% just

and then we're into the greek alphabet i had an uncle wilfred loved him.on and this evening, 7 million people at risk in the upper mississippi river valley for hail, damaging winds, possibility of tornadoes then that severe storm threat moves east for tomorrow. we're looking at 72 million from bangor back to cleveland down to d.c., norfolk as well. we'll be watching that for some severe weather rest of the day today, scattered dry storms, lightning strikes out west heavy rain down along the gulf because of marco severe storms through the upper mississippi river valley those move later into tomorrow and the next day that's what's going on around the country. here's what's happening in your >>> good morning. i'm meteorologist kari hall. as we look at what's happening across the bay area, waves of rain coming through especially in the north bay. so far no lightning strikes and i hope it stays that way as our temperatures will still be heating up for the inland areas, reaching into the upper 90s for the north bay. mid-90s for the inland east bay while in the s

. >>> character actor wilfred brimly, you will know him when you see him, cultivated a grandfather imageuring his career. now, we have learned he has died at age 85. with his trademark handlebar mustache, he starred in movies such as cocoon and the thing. and played a tough but softhaefsof softhearted baseball manager in the national. she said he was on dialysis, and had other medical conditions. we'll be right back. looks like they picked the wrong getaway driver. they're going to be paying for this for a long time. they will, but with accident forgiveness allstate won't raise your rates just because of an accident, even if it's your fault. cut! sonny. was that good? line! the desert never lies. isn't that what i said? no you were talking about allstate and insurance. i just... when i.. let's try again. everybody back to one. accident forgiveness from allstate. click or call for a quote today. we have to meet itgess aas one country.. numbers don't lie. infection rates are now going up in more states than they are going down. we've got to fight this together. wear a mask, keep your dista

wilfred riley joining us good to have you, s sir. >> good to be here. >> shannon: this the reaction fromisorder and discontent in our community for personal gain. as a result a valuable number of resources including personnel, man-hours at the police departments, most local medical professionals were wasted based on false information. what do you make out of it? >> this is a uniquely bizarre case, but quite frankly false or dubious, hate crime allegations are nothing new. obviously, if someone makes if you will a ordinary hate crime claim, there were a beat and it upside a country bar or a tough african-american club at closing time, that's very likely to be true. but when we look at the most high profile allegations in the recent past, just a small bubba wallace, yasmin sweetie, covington, air force o academy, not hard to go on. that all collapsed and there's interesting questions about the motivation of people involved in the incidents and why they happen on the political sphere. but a strange case but we have seen it before. >> shannon: pointing to another case that happened in bethes

the paintings are made on pages from a famous european travel account arabian sands by wilfred that's it. for me wilfrid that's it your symbolize kind of everything i hate. and and this is kind of a big thing to say but it's like he is aristocratic british and who traveled with tribal people in saudi arabia and he's considered a hero by everyone in the world he gets to define what history is he gets to think what is the what and people listen. to over messages words color portrays migrants as heroic travelers who stories matter she uses faces recorded by colonial photographers a century ago to tell a story about today. for me beauty is so important from a protest it's about my own sense of empowerment. and then also it's about giving to the people that are part of our it's a kind of redistribution of power. in a 100 german must reads this week a book published just 8 years ago by the young novelist org aggression it was her debut novel she was a mere 26 years old when she wrote it has the intriguing title all russians love birch trees it's a multicultural novel role and expressive as

david faber is in for wilfred frost f we're in the green, it's a record high. we're watching the s&p 500 and nasdaq look what the is driving the action in the final hour of trade. >> the dow shake-up. david is all over the significance of the new additions here amgen, honeywell and salesforce which report after the bell. 59 minutes left of trade welcome to the big show, david >> yep and head on today's show as well sara, we're going to discuss the economic data points and what the outlook is going forward we're going to have the council of economic advisors acting chairman his name is tyler goodspeed. he'll be our guest plus, we'll focus on today's strong housing dwrat with redfin's ceo glenn kelman. and it may be late in earnings season there are still some big names reporting after the bell including sales force, nordstrom, toll brothers and more we'll bring you all the numbers, sara, as soon as they hit the tape before all that, let's get straight to the market the major arnlgs following another record high for the s&p 500 yesterday. mike santoli is tracking

beloved character actor wilfred brimley has died. >> i guess me and your grandma are going away, david where to? >> look up. outer space, my lad. jedediah: brimly, a marine corps veteran was known for roles in the "cocoon" and the natural. a spoke mans for diabetes awareness. >> i'm wilfred brimley, i would like to talk to you a few minutes about diabetes. jedediah: brimly died at a houston hospital after being on dialysis. he was 85.pete "the natural" is one of the greatest movies of all time. god bless him. seattle pushing to abolish the police force days after dozens were hurt after violent riots. our next guest ran for city council. he says that decision will put the city and citizens at risk. stay safe with safelite. >> singers: ♪ safelite repair, safelite replace. ♪ ♪ new fixodent ultra dual power provides you with an unbeatable hold and strong seal against food infiltrations. fixodent. and forget it. water? why?! ♪ ahhhh! incoming! ahhhahh! i'm saved! ahhh! ride? no, i'm good. i'm gonna walk. let's go! water tastes like, well, water. so we fixed it. mio ♪. griff: welcome back, t

i'm in for saraeisen along wit wilfred frost. dow close be up 47 points just shy of 0.2%. the s&p 500 closing up 11 points the nasdaq at a new record closing at 11,264. the russell 2000 is the only average down .5% that is the small caps it is sitting at 1564. coming up, we'll ask delta ceo ed bastian about whether the airline will be forced to furlough or lay off more employees if the airline industry doesn't receive more coronavirus stimulus from the government that is coming up in just a few moments. but joining us now to talk about the market day, we're rejoined by stephanie link, chief investment strategist at hightower. we are also joined by reggie brown. principal of gts reggie, we start with you. nasdaq at a new record dow and s&p 500 reversing the losses of earlier today. what do you make of the afternoon session? [ no audio ] >> the tech stocks are on a terror you look at gold also. it is following a trend of more stimulus you know, followed by warren buffett's buy into the gold industry and then also look at small caps

see you tomorrow "closing bell" right now >>> thanks, guys welcome to "closing bell," everyone i'm wilfred frost. the s&p 500 is within just a handful of points as we stand at that record close. let's have a look at what is driving the action advances in amazon, alphabet, microsoft helping the market and the nasdaq in particular tesla also breaking out to highs, up about 8% the 10% today. home builder stocks are rallying concerns over the stalled stimulus negotiations and simmering china tensions are keeping broader markets tempered 3386 is the number to watch for that s&p 500 record close. 59 minutes until the close >> we have a big show coming up to day the s&p 500 makes yet another run at that record close bob doll will tell us why he is expecting the economic recovery to be more choppy. and why he's cautious in the short term plus, gaming the impact of the dnc. we'll speak with a policy expert who says this week's democratic national convention could be a negative for the market even though it's happening virtually. right now, we're going to focus in on the big stories we're watching t

i'm sara eisen with wilfred frost along with mike santoli. take a look at how we finished the day.ot a strong close to a directionless day. the dow after the open was lower then it started climbing through the afternoon and then really into the final hour of trade there up 165 on the close. that is about .6% gain the third positive day in a row. s&p 500 is up 2.25%. the nasdaq was lower just in the final moments of trade there. popped positive. that meant a record close. there it is, closing into the close. up .3% fi fifth straight day pt the nasdaq is the winner. it's up 21.8%. the russell 2000 closed up .7% second day in a row. it's down 9% for the year. but it had a pretty decent day to day big interesting names are reporting earnings now, disney to stay at home video gaming stock to two big momentum plays, nikola and beyond meat we'll have the numbers and instant analysis later, former charles schwab ceo on the robin hood trader rush h just how sustainable is it all first, joining us to talk about the market today, lindsey bell is still here from ally invest along with liz youn

i'm sara eisen here with brian sullivan who is in for wilfred frost to i day. welcome. s&p 500 is above 3400. let's look at what is driving the action a rally in technology. apple is sitting at hay hia high today. amazon, alphabet aand adobe the total number of cases continues to fall. airline stocks are popping after the government gave approval to a different way to disinfect surface onz planes american, united, delta, they're all up 8% or so. s&p 500, nasdaq set for a record close. with he have 59 minutes left of trade. brian, good to have you onboard. >> yeah. good to be here on a day where there seems to be a lot gf news. the markets are powering higher again. we have a long way to go two hours. coming up, you remember herbalife. they sparked wall street's most epic battles on the halftime report it is reinvigorated, more than doubling from the march lows and our interview with the ceo is coming up later on. we're going to be joined by penny pritzker and ask her about the democrats' economic platform and how a biden administration would tackle the coronavirus are y

. >> i'm wilfred frost from sara eisen. we're close to making history right now. s&p 500 is points away from all-time closing high. let's look at what's driving action tech bouncing following yesterday's ugly close apple, microsoft, netflix, facebook, amazon not far behind. treasury yields lower after moving the opposite way yesterday and seeing a strong ten-year auction today banks under pressure because of that no movement on stimulus bill speaker pelosi saying lawmakers are miles apart. we are focused on that potential record close on the s&p 500. the number you're watching for is 3386.15, a couple points off of it as we stand, sara. >> hard to believe that we are here coming up on today's show. s&p 500 could close at a record high for the first time since mid february we're going to talk to wharton professor jeremy siegel about whether the rally can last from here. >>> plus counting down to a pair of key earnings results after the bell, lyft and cisco gearing up to report we'll bring numbers and analysis as soon as they hit. let's focus on the stories we're wa

i'm sara eisen with jon fortt i for wilfred frost and mike santoli. little bit of steam into the close we got as high as over 300 points at one point but, still, a solid day. walmart actually leading the charge there on the dow after word that it has jumped in to the negotiations around tiktok perhaps mounting a bid with microsoft. all that cnbc reporting throughout the day s&p 500 closed up a little less than 0.2%. wasn't much, but enough to put us at a new record high and groups like financials, real estate did well on the back of higher treasury yields communication services and consumer discretionary lagged today. but, still, for the week, it's been a strong one. the s&p up almost 3% going into a friday best week since july 2nd and its fifth week in a row of gains, assuming we hold that tomorrow the nasdaq didn't make it there as jon noted closed down 0.3% technology lagged some of the other groups today the russell index had a good day. decent day, yup 0.3%. that's if you've been bullish and waiting for a rebound in the small caps lagging all yea

there he is with a picture with his fiancee, carrie symonds, and their son, wilfred, on holiday in scotlandmer criticises borisjohnson, accusing him of putting plans to get all children back to school in september at "serious risk". and on the metro, it's back to those pictures of borisjohnson on holiday. carrie symonds uploaded the images to instagram after the location of their getaway was revealed by the papers. let's have a look inside. there is a great story and you will know we have been talking a lot about this about all of the quarantine rules that are changing, first spain, then france and now croatia and austria. but in the paper this morning, suggesting that thousands of brits are refusing to be panicked by the prospect of a fortnight in quarantine and therefore choosing to stick to their plans, regardless. and suggesting a lot of people are able to work from home, then quarantining for two weeks doesn't necessarily mean you won't be able to work, and you will be able to carry on working from home. but what we all need to remind people of his the quarantine rules are really quite

and tyler and welcome everyone to "closing bell," i'm sara eisen with kayla tausche today in for wilfred. a quiet day, the dow up 30 points or so nasdaq surging on a new record let's look at what's driving the action with one hour in trade. netflix up, salesforce up 25%. an incredible move for that stock. adobe, facebook rallying as well promising news o