. >> we want to bring in wilfred frost from cnbc of "closing bell." brother was andrew frost, growing up with close ties to the royal family. >> let's turn to you, wilfred. when you look at a royal ceremony like this, there is so much between the lines. there's so much in the symbolism. there's so much because we are, in fact, talking about a family and the family dynamic. what do you think this service and what we'll see in a few moments says and reveals about the duke of edinburgh and his life, and how he would like to be remembered? >> i think the first thing is it is a wonderful personal touch on the details. there's been a lot of focus on the land rover, rather than something dripped in gold. i think it flashes back to some of the things that have inspired him. above all, i think it is his sense of duty. you know, he was standing as husband to his wife for 73 years, alongside her, but also as the longest serving consort for 69 years. yes, the royal family comes with privilege, but he has delivered on the duty. he could have lived a life of just p

. >> wilfred, you hear the singing in the background. as you pointed out, that's all also restricted during this, as well. >> the congregation members will not be singing at the 30-family member. i think it is a 4-person strong choir which is, again, another sign of how tightly they're following the restrictions. commendable in that light. the thing i'd add about the public, as well, i would say prince philip in the last couple decades wasn't necessarily the favorite member of the family. always much loved. to see the level of respect, the level of outpouring this week, i think, shows the enduring love certainly in the uk, perhaps around the rest of the world, too, for the royal family as a whole. coming so soon after what has been a very tough period for the family. i think, most of all, love, sympathy, and respect for his widow, the queen. i think that only strengthens the bond that the british people have with the royal family. >> andrew, to that very point, it is often said that prince philip had a great deal with the modernizing of

i'm wilfred frost withsara eisen. s&p above 4,000 close. at a session high itself, up around half a percent or 173 points. the nasdaq up a healthy 1.8% energy, communication services, information technology the three best performing sectors, all up more than 2% only three sectors in the red. consumer staples at the bottom only down a quarter of a percent. coming up, tom lee on why april could be a big month for the bulls on wall street plus the ceo of emerggent biosolutions will join us. mike, are there things to be worried about out there? clearly as a record high arrives, are we as stretched as we were last time we hit another s&p 500 close? >> new highs in tehemselves are not bearish. i think we're within a few percent of having to ask if the market has come too far too fast the market was up, s&p up 5.8% in the first quarter earnings forecast for the first quarter consensuswise for the s&p was up 6% so pretty much in lockstep earnings forecasts continue to go up. most of the things you would look for are locking into place. eventually,

i'm sara eisen along with wilfred frost. mother mixed session on wall street on a jam-packed news day. the dow setting a record high, small caps are rallying. but the nasdaq and s&p 500 are in the red bitcoin is at a record and dome coin all the way up to 14 cents it's all about the base. crypto trading platform coin base making its highly anticipated wall street debut. the whole market is getting a lift setting a fresh high around $5,000 the federal reserve releasing its last beige book saying that the economy is recovering at a moderate pace. 59 minutes left to go in the session with the energy sector currently in the lead. wilfred. >> but off its highs ahead on today's show, two can't miss interviews on coin base and the future of the crypto market. we will speak with the coin base cofounder and board member fred ehrsam about the currenty to the market a great day for him. of course. another great day for early investor rashawn williams from manhattan venture partners he will join to us weigh in on the valuation and the c

he's definitely stalking you, wilfred? >> mine is private, so he definitely isn't maybe i should open up and thenland. >>> we have got to pivot from the private client event for jp morgan stocks, s&p 500 up two thirds of 1% netflix though continuing to slide. worst performer on the s&p today. the streaming giant reported yesterday it added under 4 million subs compared to an estimate of 6 million. we have an analyst from rosenblatt who has a neutral rating on the company. those numbers stood out and some of the comments and explanation in the letter that you thought were a little bit worrying in. >> yeah. we are at avoid on the shares as we think there is downside risk to the 450 level i think the primary explanation -- you got through all of it on the call in terms of the weakness was that they had tough content comparers. essentially the big hits like tiger king that they were copying against in 1q. we think there is a more competitive argument to be made in terms of the weakness here that i think the company is not allu

wilfred with the highlights from the bank earnings. mike, start us off with the broader market, 34,000 for the dow, and a pretty broad-based rally. >> a further acceleration and extension of this uptrend. a lot of eyes on these levels that the market has been blasting through 4140 was considered to be a little bit of a test, yesterday topped out at 4150 doesn't matter today as you can see, we've gone a little bit steeper here in this uptr uptrend. it's stretching the upper edge of a rally since october 30th is when we embarked on this particular path. it's not really slowing but today it's doing it in a different way. today is a yields down along with growth stocks up. not a lot of breadth but it doesn't really matter because the s&p is benefiting from a lot of that participation, not just by faang through things like health care so slightly a defensive quality. a bit counterintuitive here is the nasdaq 100 against the russell 2,000. large cap growth against small caps two-year chart you see this obviously is the massive liftoff and re

i'm sara eisen along with wilfred frost. the major averages lower following record highs on friday one hour left of trade earnings season kicks into high gear this week coca-cola out this morning, ibm and united airlines reporting after the bell today more on all of these names strayed ahead. b bitcoin on watch with prices down 20% from the peak the nasdaq is down around 1% facebook, amazon taking a step back tesla is off 4%. we'll talk about that in a moment 59 minutes left to go in the session. >> we'll talk about that and so much more coming up on today's show we'll talk about the move in tech and the key earnings reports to watch from the sector when we're joined by dan niles plus we'll discuss tesla's tumble following a deadly crash in texas over the weekend. david friedman will join us from the national highway and traffic safety administration. sara has a closer look at coke's earnings mike, let's start off with you >> a little soggy and not very news driven. i think really the context is the catalyst here. we talked

wilfred frost along with sara eisen. by 227 points or 0.7% but off its highs about half an hour earlier, 331 points the s&p up 1.1%. the nasdaq at 1 1/2. all three of those indices lower by less than half a per yent-cent for the week as a whole. financials and materials and tech were all up with 1 1/2% two sectors lower utilities and staples. coming up former fed vice chair alan blinder on how fears of high corporate and capital gains taxes could hit your investments and the economy. plus j&j shares closing higher ahead of the cdc advisory panel's decision on its covid vaccine pause. we'll bring you that outcome as soon as it's released. chris ver rone from strat gus partners is still with us as is sylvia jab lonsky. and joined now by courtney gibson from luke capital as well christopher, just on that sort of finish there we talked about the sort of highs of the session when you joined us obviously closing off those. negative week. but decent end to the week regardless >> decent end to the week. little best a curious wee

i'm sara eisen along with wilfred frost. stocks starting the week mostly in the red following record closes on friday the major averages all lower the nasdaq is down a little more than half a percent as we head into the final hour of trade microsoft says it is buying nuance communications, a deal valued at $16 billion. it's the largest acquisition since it bought linkedin in 2016. >>> the reopening trade taking a step back today. cruises and airlines are lower, even as the united states did hit a vaccine record this weekend, 4.6 million doses administered on saturday. >>> check out intel, plunging today on the back of in indi nvidia's day today 59 minutes left to go in the session. wilfred. >>> lots of chip-paced news today. executives from the semi conductor industry meeting at the white house. they're talking with -- plus aphria down double digits. irwin simon will discuss the quarter and where he's looking for growth throughout the rest of the year. first of all, let's get straight to the big stories mike santoli is track

>> well, thank you for that, wilfred.n't it i actually believe that this is the sensible course of action. this is done, as dr. fauci said, out of an abundance of caution these are rare, rare adverse events that were serious and associated potentially with the vaccine. the pause may only last for a few days so that fda and cdc can investigate more carefully any potential link for these events. but i believe by being so transparent and rapid at responding to safety signals, in the long run we will gain trust with the public around the safety measures around these vaccines even after we authorize these vaccines and millions of americans get immunized, there is active and passive surveillance for the safety of the vaccines when a signal like this is detected, these were only six individuals, rare events, it's important to investigate them and be transparent about them. >> maybe this is the right course of action, the sensible course, as you say, but do you really believe that these events and the actions being taken are goin

i'm wilfred frost along with sara eisen stocks gaining steam the major averages all with gains, the nasdaq up more than 2.5% since monday's open any close higher for the s&p 500 will be a record the dow set for one, the nasdaq not quite. president biden unveiling details of his first budget proposal to congress laying out a $1.5 trillion road map we'll break down the highlights in just a moment the producer price index, a key measure of inflation, jumping in march by 1%, well ahead of expectations the year-over-year gain was the most in nine years dow transports are higher today and higher for the week as a whole on pace that their tenth straight weekly gain for the first time since 1989. 59 minutes left to go in the trading week, sara. >> we've got a big show coming your way in just a few minutes an exclusive interview with christine lagarde. we'll talk about the pace of recovery in europe, the battle against the virus and what's keeping her up at night. >>> plus shares of pager duty of more than doubled getting a boost from the work-at-home trending we'll discuss the wild ride with the c

i'm sara eisen along with wilfred frost and mike santoli double record close.at a new record high. closed above 34,000 yesterday for the first time ever. solidly above there as well. you had a shift into the value in cyclical names which helped some of the larger cap stocks and the s&p 500, which closed at its own record high up 0.4 of 1% materials the best sector. the only two losing sectors were technology and energy. but for the week every single sector closed higher utilities came up on top along with materials the nasdaq finished up about a tengt of 1%. it's not too far off from its own record high. also closed higher for the week. and the russell 2000 closed up a quarter of one percentage point which makes it a full percent for the week for the small caps. treasury yields have pulled off a bit recently after a huge run-up to start the year coming up, bridgewater's co-chief investment officer on sustainability on why she thinks rates will remain low and some of the opportunities that could create for investors. >>> we are just moments away from president b

wilfred, what are the big takeaways? >> behemot was sara's word, not mine, mr. by money, if you are watching diamond is expecting the economy to boom despite being skeptical of quantity stative easing the boom is coming because of three reasons. one, fiscal spending quote, the fiscal deficit is pure and simple, giving various individual and institutions money to spend, which they will spend over time. two, the size of the packages. he says, quote, the qe and deficit spending response to the covid-19 pandemic is a completely different magnitude and without some of the offsetting drags that trailed the great recession. and three, he says that the starting points matter we are not coming into this with banks and companies needing to deleverage thus, he concludes, quote, it's not unreasonable to expect that an increase in inflation will not be just temporary, end quote. he is hoping for a gldy locks scenario but the two risks for the economy and the market are that potential increase in inflation and secondly the possibility that new covid variants are resistant to

. >> amnd let's turn the over to guy who just got vaccinated, wilfred frost.w. >>> thank you, tyler welcome, everyone, to "closing bell." i'm sara eisen along with wilfred frost. the s&p 500 topping 4,000 for the first time ever. the nasdaq is up 1.5%. let's look at what's driving the action investors continuing to digest president biden's more than $2 trillion infrastructure plan he laid out yesterday afternoon and wall street is weighing in on the consequences of

i'm sara eisen along with wilfred frost. another mixed session for stocks but the s&p 500 did hit a fresh record intraday high during the session an we are higher right now. the nasdaq leading the gains up about a percent as we head into this final hour of trade let's look at what's driving the action fed chair jay powell addressing inflation in a panel i hosted earlier for the imf saying in the most likely case, this period will show temporarily higher prices but not persistent inflation. we'll have much more of his dovish assurances from that panel later. weekly jobless claims did come in at 734,000. the previous week was revised higher as well. >>> technology is outperforming as bond yields inch lower. the faang stocks largely lower 59 minutes left to go in the session. >> right at session highs as we speak. coming up on today's show, european equities hitting all-time highs we'll speak with mark mobius about where he's finding opportunities across the globe. >>> plus the chamber of commerce tweeting support for the biden

i'm wilfred frost along with sara eisen another day, another record high for the dow and s&p 500.een with the nasdaq leading the pack, up more than 1% bang on 1% for the s&p 500, just above 34,000 on the dow. the economic rebound producing some very strong data this morning. retail sales surging 9.8% in march and jobless claims came in at their lowest level since the beginning of the pandemic. earnings remain in focus as inst

. >> welcome to "closing bell," i'm wilfred frost along with sara eisen today stocks starting the day in a tight range, but taking a sharp turn lower as you can see intraday, just a couple of hours ago. some tax-related headlines out of washington, the major average is in the red as we head into the final hour of trade. let's take a look at what's driving action stocks plummeted after that afternoon report said president biden is considering to hike the capital gains tax to as high as 43.4%. we'll talk more much about that in a moment shares of at&t getting a nice bump after beating an eps and revenue and americans and southwest and alaska air all came in above estimates. data continues to come in strong, weekly jobless claims once again better than expected, showing strength in the labor market recovery. 59 minutes left to go in a choppy session, the dow off 260, sarah. >> ahead on today's show, is a sri ta will join us to discuss tax headlines, plus a closer look at corporate esg plays on this earth day more earnings are on the way after the bell, including intel, mattel, snap we'll

i'm wilfred frost along with morgan brennan who's in for sara a weak session for the markets to cap offrong month on track to end april with big gains. the s&p and nasdaq each up more than5% on the month but down a little over half a percent on the session. oil and energy stocks moving lower with energy the worst performing sector in the s&p 500. exxon and chevron both dropping on earnings. crude is

thank you: ben: also here tonight wilfred reilly author of "rate time hoax." it's great to talk to you again. i really appreciate you taking the time to talk about thin credibly divisive issue in this time. what was your reaction to what you saw today within the derek chauvin trial? >> i mean, i think it's a tough case as officer tatum said it's very hard to separate your personal emotional feeling as a human being as a black man, in my case, and in his, from the reality of kind of applying the law. some of those counts, i mean, if you are looking at murder third which as i understand if someone dies during a situation where you intended to commit any felony, abuse of your power as a law officer, ag assault. there is a possibility of conviction on those grounds, also the involvement of drugs. the drug dealer in the car with mr. floyd. i mean, that has raised issues that in many cases could provide that element of reasonable doubt. i mean, obviously, think we hope for peace in either case. it's an interesting matter that's going to come down to the line very li

. >> it is a great month >> wilfred and i were born then. i think that's part of it. >> that could be but who knows. it comes around that it is august and the fed either uses the platform created with the backdrop of the mountains or whatever to do exactly the sort of things you are talking about. august is not a crazy time i just want to put an asterisk next to that for one reason, custom is i wonder how much powell is going to be concerned if you look at the chart of infection rates. we had that resurgence back in november i think he needs some kind of all-clear, a call from fauci that says, jay, this thing ain't coming back -- you know how fauci talks. this thing ain't coming back you are good or some kind of downgrade of the pandemic from the world health organization or something that gives him confidence because you know, sara, as well as i do, the central bank does not want to reverse policy once it begins a process of taking back the easing that's out there in the economy. >> steve liesman thank you let's pivot back to the panel. pau

thanks for joining us. >> hi, wilfred, how are you?hungry after pouring over the different pictures of your menus. first these strong results, is that a reopening theme or since it falls mainly in q1, is it other factors and has it continued into q2? >> well, we're excited about the progress we made in q1 we obviously have seen some benefits broadly from reopening in the u.s but other markets around the world are struggling still with the pandemic and working through lockdowns and the rollout of the vaccine. so the strength of the performance in the quarter, we saw some good momentum in terms of systemwide sales growth we had a positive q1 versus 2019 which shows the progress we're making we had a really strong start to the year and a strong performance in digital we think it was the good plans we put in place and the execution all of our franchisees are delivering in the restaurants every day. so we think there's strong demand from the consuming public here in the u.s. and in other markets around the world but we think it's just the b

i'm wilfred frost along with sara eisen a mixed picture on the back of key inflation data which cameound 1% hire higher johnson & johnson is weighing on the dow after the cdc recommended a pause in the administration of the company's vaccine out of an abundance of caution following blood clots in six women who received the jab that's leaving investors weighing the stay at home versus

i'm sara eisen along with scott wapner who is in for wilfred frost today. pretty narrow range the major averages are mixed as we head into the final hour of trade. let's look at what's driving the action treasury yields making a big move lower with the 10-year down to 1.65, big drop from last week's peek above 1.77 >>> the imf predicting global output of 6.1 for 2021 job openings rising to a

i'm sara eisen along with wilfred frost. averages lower following record highs on friday one hour left of trade earnings season kicks into high gear this week coca-cola out this morning, ibm and united airlines reporting after the bell today more on all of these names strayed ahead. b bitcoin on watch with prices down 20% from the peak the nasdaq is down

. >> thank you very much welcome to "the closing bell," everyone, i'm wilfred frost along with sara eisen lower and losses are accelerating the dow down 315, the russell 2000 down 3% earnings remain center stage with reports from j&j, travelers and p & g. reopening trades are taking a step back. airlines on the back of united results and cruise stocks are sinking as well.

i'm sara eisen along with scott wapner who's in for wilfred frost.etting intraday records the nasdaq is up more than 1.5%. we are tracking for two record closes sentiment starting off on a high note following friday's blowout jobs number. march jobs increasing by 916,000 with the unemployment rate falling to 6%. tesla among th

i'm sara eisen along with wilfred frost. session for stocks but the s&p 500 did hit a fresh record intraday high during the session an we are higher right now. the nasdaq leading the gains up about a percent as we head into this final hour of trade let's look at what's driving the action fed chair jay powell addressing inflation in a panel i hosted earlier for the imf saying in the most likely case, this period will show temporarily higher prices but not persistent inflation. we'll have much more of his dovish assurances from that pa

i'm sara eisen along with scott wapner who's in for wilfred frost. the dow and s&p 500 setting intraday records the nasdaq is up more than 1.5%. we are tracking for two record closes sentiment starting off on a high note following friday's blowout jobs number. march jobs increasing by 916,000 with the unemployment rate falling to 6%. tesla among the biggest winners after the company beat expectations for first quarter deliveries we'll have more on that in a bit. and the president's infrastructure and jobs plan remains type of mind for wall street along with those tax changes. to that end janet yellen pushing for a global minimum corporate tax rate in remarks today. 59 minutes left to go in the session. record close watch, scott for the s&p and dow. >>> coming up cleveland fed president loretta mester joins us following friday's big jobs number we'll ask her how a stronger than expected rebound could impact policy. plus world bank president david malpass joins us as well let's get straight to the big stories we are watching this hour mike santoli is t

i'm wilfred frost along with sara eisen stocks trading in a very tight range again today with the dowrecord highs as we head into the final hour of trade. let's look at what's driving the action minutes show fed officials expect it will be some time before it starts tightening policy jp morgan's ceo jamie dimon out with his share holer

i'm wilfred frost along with sara eisen stocks gaining steam the major averages all with gains, the nasdaq monday's open any close higher for the s&p 500 will be a record the dow set for one, the nasdaq not quite. president biden unveiling details of his first budget proposal to congress laying out a $1.5 trillion road map we'll break down the

i'm sara eisen along with wilfred frost. stocks on the rebound after two days of selling.rmly in the green with the smau caps leading up % they have been under pressure lately reopening plays are getting a boost following optimistic analyst commentary larnsz and cruise right side making up ground after a rough start to the week. ten days down for the airline stocks stay-at-home favorit

i'm sara eisen along with wilfred frost.reet on a jam-packed news day. the dow setting a record high, small caps are rallying. but the nasdaq and s&p 500 are in the red bitcoin is at a record and dome coin all the way up to 14 cents it's all about the base. crypto trading platform coin base making its highly anticipated wall street debut. the whole market is getting a lift setting a fresh high around $5,000 the federal reserve releasing its last beige book saying that the economy is recovering at a

is to bring the banks to closer to their peers of chase and bank of america speaking with our own wilfred we look at the businesses in the decade ahead, we want to be a winner, return the gap with our peers. to do that, you take an assessment of which the businesses you're going to be in a position to succeed and win in and which perhaps you're at better hands with another bank >> prescription eye wear seller warby parker is considering a new offering as soon as this year according to bloomberg the new york-based city is in conversations with deliberations at an early stage. they could decide not to move forward. warby raised $120 million in the most recent funding last year giving it a valuation of $3 billion. >>> and amazon is expanding its palm-scanning payment system to a whole foods store in seattle the first of many planned rollouts amazon one debuted in september and currently in use at a dozen physical stores. allows shoppers to pay for items by placing their palm over a scanning device. amazon one is distinct from allowing shoppers to pick up items and walk out of the store witho

i'm sara eisen along with wilfred frost.y in the red following record closes on friday the major averages all lower the nasdaq is down a little more than half a percent as we head into the final hour of trade microsoft says it is buying nuance communications, a deal valued at $16 billion. it's the largest acquisition since it bought linkedin in 2016. >>> the reopening tr

that's going to be big we'll see you at 3:00 on closing bell that's our wilfred frost dow, s&p recordles numbers, and some of the earnings as well chris ailman joins us, chief investment officer, chris, great to have you back good morning. >> good morning, carl. good to see you. >> i want to get you first on the eco data and the degree to which the bond market is not reacting violently to it, and i wonder if you think that means we could be in a bit of a range here for a while, and the implications for equities as a result >> well, right now we're in nirvana, bonds are actually happening, which is surprising and through the roof said it right before the top of the hour, there are four things that drive stocks. the first two i would like to say are real earnings, but then you get down into liquidity, and that's the story, liquidity, we're a wash with liquidity, we're a wash with optimism i think you're going to take your clue from the bond market, and i'm worried about that it's going to back up again, and rates will probably leak a little bit higher. we're borrowing too heavily in the

music is awesome guys, the winner for the best team name goes to stephanie link the strongest link wilfred has a really good name for his team. >> if i was ever asked to compete, frosty the stock man. >> mine is eyes on stock. >> great show. i thought mr. onderful's picks stood out the most to me, and tim seymour is either going to win by a mile or lose by a country mile with bitcoin or tilray. >> tilray is merging they have a shareholder vote tomorrow that shouldn't be allowed or something. anyway, we're going to grill stephanie. she's coming up on the market zone on her two picks. kelly and tyler, thank you. >> thank you, guys. >> the stock draft is over but the action is just getting started as we get ready for the final hour of trade and a big post market session. stocks are mostly in the green at this hour with the s&p 500 and nasdaq setting intraday record highs it's the busiest day of earnings season and we're watching moves in a number of mega caps that have already reported. facebook and apple still in focus after yesterday's numbers. facebook is surging. the recovery coming into

music is awesome guys, the winner for the best team name goes to stephanie link the strongest link wilfred really good name for his team. >> if i was ever asked to compete, frosty the stock man. >> mine is eyes on stock. >> great show. i thought mr. onderful's picks stood out the most to me, and tim seymour is either going to win by a mile or lose by a

. >> welcome to "closing bell," i'm wilfred frost along with sara eisen today stocks starting the dayt range, but taking a sharp turn lower as you can see intraday, just a couple of hours ago. some tax-related headlines out of washington, the major average is in the red as we head into the final hour of trade. let's take a look at what's driving action stocks plummeted after that afternoon report said president biden is considering to hike the capital gains tax to as high as 43.4%. we'll talk more much about that in a moment shares of at&t gettin

i'm wilfred frost along with sara eisen record highs for the s&p 500 for its fourth straight week of. a key early read of consumer sentiment hitting a one-year high for april and housing starts jumped to a 15-year high. morgan stanley and pnc among today's reports. next week we'll have a

wilfred frost has been digging through the numbers. straight to him wilf. >> thanks so much, andrew. nice numbers here, 22.9 billion versus forecast at 22.1 billion. forecast up 66 cents per share similar to yesterday and jp morgan and wells fargo, little bit flatter on the bottom line by provisions for credit losses which was expected to be 349 billion cost instead it was a benefit of 1.7 billion not really seeing the shares decline on that news it's still being taken as a nice beat because that release is not that big and as we discussed yesterday, all of this is a good thing. it's only happening because the outlook of the economy is improving. beats on the capital markets not quite as good as the likes of goldman sachs. investment banking 2.2 million, forecast was 1.8 equity trading 1.8, the forecast was 1.6. one thing that we're going to need more details on on the call is this non-interest expense 15.5 billion that's up 15% year over year up 1.5 billion year over year. the forecast was for a billion less than that that might lead

. >> strong for cadbury, double digit growth there, that was all wilfred, high in oreos, that was megrowth is what you're putting out there. what data are you seeing from the consumer about whether we'll continue to see this appetite for snacks and for packaged food as people do go out to restaurants more and go out to bars more, especially as we've seen it happen in the u.s. >> yes, well, the first thing that we see, 30% of consumers still say they're snacking more than last year and last year we had the vast majority saying they were snacking more than the year before so they're still clearly snacking more. i think the reason for that is that, yes, we're going back to normal but it's clear also that for consumers, going back to normal is not going to be the same normal as before they see the whole thing that happens with covid as a major trigger for change in their personal and in their business lives. they're going to go less to the office most companies will accept that people don't have to show up five days a week anymore they want to spend more time at home, which leads to more

i'm sara eisen along with scott wapner who is in for wilfred frost today. stocks trading in a pretty narrow range the major averages are mixed as we head into the final hour of trade. let's look at what's driving the action treasury yields making a big move lower with the 10-year down to 1.65, big drop from last week's peek above 1.77 >>> the imf predicting global output of 6.1 for 2021 job openings rising to a two-year high 7.4 million openings in february, topping expectations keep an eye on the s&p and the dow. any close higher for those two would be a record. 59 minutes left to go in the session. scott. >> sara, thank you >>> etsy has been one of the best performers in the s&p 500 over the past year, up more than 300% the ceo joins us to talk about his stock's wild journey, what comes next and the new initiatives his company is working on surrounding climate change. >>> coinbase expected to report earnings results today ahead of its ipo next week. we break down results with the first analyst to initiate on the stock and that happened back in march. >>>

. >> thank you very much welcome to "the closing bell," everyone, i'm wilfred frost along with sara eisen. stocks lower and losses are accelerating the dow down 315, the russell 2000 down 3% earnings remain center stage with reports from j&j, travelers and p & g. reopening trades are taking a step back. airlines on the back of united results and cruise stocks are sinking as well. two blue chips dragging the dow down, boeing on news of a cfo change and after saying it's extended the mandatory retirement age for its ceo nike is pulling back on a downgrade from citi. energy down sharply, banks down sharply, s&p down 1%, sara >> worst day for the dow since early march. we've got a great lineup of guests coming your way in just a few minutes a can't-miss interview with the new citigroup ceo, jane fraser her first interview being the first woman to lead one of wall street's banks >>> the biden administration is looking into nicotine caps for cigarette makers, moving those stocks lower. >>> and netflix, csx, interactive brokers all gearing up for earnings after the close. we've got an interview