their son wilfred was born in april last year.. officers were called to the scene near pandy park in the village of sam, near bridgend at 5:45 this morning. police have appealed for information from anyone who was in the area at the time. afghan security forces are battling to defend three key cities from advances by the taliban. reports from herat, in western afghanistan, said the militants had broken through front lines — but a local official said government forces were moving cautiously to try to avoid civilian casualties. fighting is also continuing in kandahar and lashkar gah in the south. hundreds of people are reported to be fleeing their homes. secunder kermani has just sent this update from kabul. fighting is taking place in and around a number of afghan cities. in lashkar gah, in the southern province of helmand, taliban forces came within one kilometre of the governor's office right in the centre of the city yesterday before being pushed back. the afghan army commander there saying his troops managed to inflict a high n

i'm sara eisen here with wilfred frost. a triple record close, dow and s&p and nasdaq we haven't seen a record close for the dow since early may, but we got it. you can really thank technology.

lower by an -- around 1%, while the major averaging are firmly in the green on record close watch, as wilfred said, for the seventh day in a row. >>> coming up today, scott black joins us with two picks he likes for the second half of the year, including what he calls an obscure infrastructure play. >>> plus tesla delivering more than 200,000 vehicles in the quarter for the first time >> i knew that that was just wrong in all

their son wilfred was born in april last year.

day wilfred, i appreciate it >> my pleasure. >> thank you see you on closing bell.." i'll see you in 12 hours "squawk" and the gang pick it up next vere datay until then, take care. >>> good morning dow futures are set to dip at the open, but as we have seen recently, what is happening early in the morning doesn't play out for the rest of the session. we will see. we are awaiting day two of testimony from chairman jay powell >>> and key economic data as well and ark invest cathie wood agrees with jay powell that the surge in prices are temporary. what she says about the inflation play. >>> important warning for chevy bolt owners. gm says don't charge it unattended don't park it inside because it could catch fire it's thursday, july 15th, 2021 "squawk box" begins right now.

i'm wilfred frost, stock kickses off shall shortened week. >> i'm courtney reagan in for sara eisen oil drops after opec-plus talks broke down this weekend. still strong overall after hitting a new record of 64% in may chinese stocks are getting hit ar didi is said to pose a cyber security risks >>>. it's now making a move into the art world, the ceo will join us to talk about it >>> bradley tusk will be here to talk about the potential imbalance of chinese companies looking to go public here. >>> mike santoli is tracking the market action, and deirdre bosa has more details on the chinese crackdown on didi. >> a bit of a wobble, but the market running pretty shot second straight gains, also coming off of five straight quarters of 5% gain. so running a bit hose. it's in those cyclical and reflation type of stocks when you have support for megacap growth another thing that was tex book is all we did at the lows of the day is essentially go back to undo friday's rally after it came from the jobs report. right from that point recovered on the strength of mostly those tech stocks, so it seem

their son, wilfred, was born in april last year.s made the discovery in the early hours of this morning. liz clements reports. it was at 5:a5am this morning when south wales police were called to reports of concern for a missing five—year—old child in the sam area of bridgend. in a statement, they say officers attended and found the body of the child in the ogmore river near where i am in pandy park. he was taken to the princess of wales hospital, where it was confirmed the child had died. an investigation is ongoing into the circumstances of the incident, and the police are keen to hearfrom anyone who was around the area at 5:45 this morning who may have information about how the child ended up in the water. they have called it a tragic incident and are asking the public not to speculate on social media, as this is an active investigation. the family is being supported by specially trained officers. the prime minister's wife, carriejohnson, has announced she is pregnant. this will be the couple's second child together. announcing t

mrsjohnson gave birth to a boy, wilfred, in april 2020.r items for the euro 2020 final, an incorrect photo of the defendant was shown. we apologise for the error. with all the sport now, here's chetan pathak at the bbc sport centre. hello. thank you. good evening. as you've been hearing tonight, it's been another day of medal success for team gb in tokyo. that includes emma wilson who won a bronze medal on her olympic debut in the women's windsurfing. the 22—year—old was already guaranteed a medal after winning four of her 12 races heading into the final. china took gold, and france silver. for the first time three team gb athletes have qualified for the final of the women's 800 metres. 19—year—old keely hodgkinson timed her run well to finish second in her heat. she'lljoin alex bell and jemma reekie in the final on tuesday. american gymnast simone biles has pulled out of two more events at the olympics, confirming she won't compete in tomorrow's vault and uneven bars gymnastics finals. the four—time olympic champion hasn't competed since

their son wilfred was born in april last year.ws, ali official is one of the uk's top british—bangladeshi comedians. in this film, he has some difficult, insightful and hilarious conversations about being british—bangladeshi. i'm ali shahalom, also known as ali official, and i'm a comedian. no, no, man, just chilling. just filming this thing for the bbc. yeah, bangali british corporation and that. white people get degrees to getjobs, right? asian people get degrees to get married. laughter. one of the easiest ways for me to show love is just by bringing mangoes home. yeah, just bring mangoes, you know, and i come home, bring the mango box, shout, "hey, rukhsana, i've got mangoes." if that's not love, i don't know what love is. there are around half a million people of british—bangladeshi ethnicity in the uk, and i am one of them. but, honestly, sometimes i feel like we're forgotten about. i remember growing up. it sounds funny when i say it now, but... ..every now and then on a game show you'd have, like, a brown person come on. a

all you bankers are back in the office, as wilfred showed us this week.evenue growth was there. i know you did have a one-time gain and loans were soft what are you seeing in the economy right now that's driving the growth >> well first let's start with the quarter. $6 billion in net income and we had a $1i.6 billion reserve release, a good sign for the economy and the confidence around that. we also had some gains in our venture and private equity business underneath that you saw progress first progress in the overall economy, you're seeing continued high levels of liquidity, credit performing really well, growth starting to happen, consumers really starting to spend money and that really accelerated through the quarter and you look at our results, you saw progress across a lot of our priorities, healthy efficiency agenda we've been auking about, you've seen us continue to support the recovery through a lot of what we're doing for small businesses and minority deposit institutions and investing there and then you saw progress across some of the things we

their son, wilfred, was born in april last year.from herat in western afghanistan said the militants had broken through front lines, but a local official said that government forces were moving cautiously to try to avoid civilian casualties. fighting is also continuing in kandahar and lashkar gah in the south. hundreds of people are reported to be fleeing their homes. secunder kermani has sent this update from kabul. this is the most serious moment in the weeks of intensified fighting we've been seeing in afghanistan. the taliban already control vast swathes of rural territories in afghanistan and now they are really pushing into a number of cities, advancing to the heart of lashkar gar city in the southern province of helmand. one report said the taliban had reached within 300 metres of the governor's of this which is really the heart of lashkar gar. fresh troops have been sent into the city, including special forces. troops have been sent into the city, including specialforces. one troops have been sent into the city, including sp

their son, wilfred, was born in april of last year.ouncing that they are expecting their second child. first, of course, was last year. announcing the news on instagram, carriejohnson also revealed that she had a miscarriage at the start of the year. she wrote: �*i feel incredibly blessed to be pregnant again but i've also felt like a bag of nerves.�* carrie johnson's posted on instagram that she's expecting around christmas. remember, she and borisjohnson were married in may in that fairly small and secret ceremony at westminster cathedral. now they're expecting their second child in downing street around christmas time. it is pretty rare for prime ministers to have children while they're in office. i think there's only been four in the last 150 years or so, so it is quite a rare thing. but in this post that carriejohnson has put up on her instagram page, she's also revealed that she had a miscarriage at the start of this year. ijust want to read you a particular point of it which she's put up, saying "i feel incredibly blessed to be

i think wilfred would say bang on 35,000, the first time ever for the dow.man sachs the biggest contributor today. disney, unh and jpmorgan i'm here with scott and mike santoli. take a look at how the major averages finished up the day, very strong. there's the s&p up 0.3%. most sectors were higher financials were the best performers real estate up almost 1% staples and energy lagged and so did technology did did close higher and a record close on the nasdaq up 0.2% thanks to new highs in names like google, alphabet, facebook was higher. apple underperformed today and so did microsoft a mixed bag. the russell 2,000 flat on the day. coming up bill nygren on the sectors and stocks he thinks are ready to break out first up on this record closing high day, nancy tegler is still with us and tiffany mcgee. we will first send it to you, mike, to walk us through what happened bond yields were firmer. the dollar was firmer and the stock market continued to make new highs. >> i still think we're feeding off what happened late last week to some degree where it was anot

wilfred, over to you david solomon is here in a few moments. we were discussing off-camera, the first in-person, live interview either of us are doing for quite some time. there's so much to cover being back in this office, and their approach to offices has been a story so closely. but also they had blowout earnings, yet the stock is down. we'll explore why. jpmorgan also reported today, we'll explore the themes throughout, particularly the sustainability of the strong capital markets' performance and asset management performance, also the didi ipo, and solomon's view on inflation earlier today, whether or not the fed is behand the curve. mike santoli is tracking all of today. what are you focused on? >> the inflation number you mentioned definitely has the market a bit unsubtled, unbalanced a handful of stocks are making the damages look less severe at the top line indecent down about 0.5% it comes after 10 of the last 12 sessions have seen a record high clearly any excuse to back off makes sense, but a lot of the cyclical areas are definitely

goldman sachs second best ever quarterly investment banking revenue and more wilfred frost is at goldman sachs where he will soon interview the chairman and ceo david solomon. wilf, take it away. >> hey, tyler. goldman sachs as you said smashed their estimates for the second quarter jpmorgan beat but in large part due to a big reserve for lease of about $3 billion. capital markets was once again the key area for both banks. both saw fixed income trading down about 40% year over year, but that was expected. goldman had particularly strong performance in investment banking and suggested, by the way, on the call that m & a remains very strong. jpmorgan's equity trading performance stood out for them both overall were better than expected and showed the pandemic-induced party in terms of capital markets' activity has not altogether disappeared yet goldman's stellar numbers were also driven biasy asset managemt more than double what was expected in large part due to equity investments jpmorgan's net interest income did slightly disappoint but they were able to hold guidance in that area. on i

their first child, wilfred, was born in april last year.

i'm wilfred frost. stocks extending gains putting monday's sell-off squarely in the rear-view mirror >> i'm sara eisen. earnings front and center today. dow component coca-cola getting a pop after beating earnings and revenue estimates. also raising its full-year guidance much more on that coming up. verizon and another dow component rallying after beating on the top and bottom lines and adding more wireless subscribers than expected. and yields continuing to move off recent lows, the financial and energy names are getting a boost today. >> coming up, dr. anthony fauci on the record. we'll talk to him about whether the rise of the delta variant could pose a risk for the economic reopening you are very excited to have janet yellen last week i think you're more excited. >> i don't know more, but definitely looking forward to this i have wanted to talk to him for a long time. >> i have, too, but the level of enthusiasm is off the chart. >> you used to talk to him a lot when china had coronavirus and then o

what do you make of it >> wilfred, good to be with you.tions on the england victory. >> thank you very much >> what we're seeing is primarily driven by the techn technicals that's really driven a lot of the buying power. >> what we donald think is it's a signal of a dramatic slowing here over the course of the second half of the year, either in the u.s. or in global growth. >> if we had a relatively strong inflation print next week, what happens to yields? will we quickly reverse in hoff? >> i certainly thing a strong inflation remains that the reversal will take longer. as we look at the rest of the year, our view would be we'll end in the move to that level will certainly take longer we think as we move through the next couple months, we think we've seen the peak, but we're certainly not in the camp that you're going to say a taper tantrum-like move or what we saw in the first quarter, where we saw from 1% to 1.75% in a matter of weeks we think it will be a more gradual move i think you're going to be more reluctctant to make aggressive

any close in the green for the major averages would be a record >> wilfred frost is not here >> it's

the year s&p 500 on pace for another record closing high the dow and nasdaq higher as well >> i'm wilfred frost let's look at what's driving the action today. the energy sector, top performing sector up more than 1.5% as oil prices hit the highest levels since 2018. jobless claims come in at 364,000 better than expected ahead of tomorrow's junes jobs report and walgreens falling 6% 59 minutes left to go in the session with nearly every sector in the green just staples slightly low. >> we have a great show coming your way in a few minutes we will speak with the commerce secretary and her thoughts on american business in china and especially in light of president xi's warning to foreign powers overnight. plus krista lina georgieva joins us for her look on growth. we'll talk to her. and speak with the ceo of the intellia looking forward to that. >>> let's get to the big stories we're watching, we have the latest on robinhood's long awaited i.p.o. filing. kate, let's start with you and that i.p.o. filing from robinhood. >> robinhood plans to list on the nasdaq under the ticker hood h-o-o-d. w

>> i think everybody's going to dig through the hood, wilfred. we know the numbers will be large, some of the largest we have seen. when you look as some of the core pce that the fed uses or core pci, these are at 30 and 40-year highs. that will not stop in the short term i'm simp theic that supply chains are constrained, and they will work out, but not in a month or two i think the housing market, misa big piece of cpi, will start to march upward if we get back to pre-crisis levels, it's about 1% higher so i think the bond market will say, wait a second, what have we been doing here? ultimately, do i really want to lock myself in to getting these negative real yields even the five-year treasury seems like a bad play to hide out. >> is it concerning to you the yield surf is flattening at this point? >> i think much is made about it, right? penal say, my gosh, the curve is flattening, what is happening i think we all agree that growth is not tenable at 8%, 9% real on real, so yes, it's going to slow the fault risk is extremely low. >> what you hav

i'm sara eisen here with wilfred frost.ft the biggest criminalor to the dow's gains, along with salesforce and a number of other stocks microsoft, by far, the biggest winner s&p 500 also closing at a record high technology leading the charge here on the week up almost 2%. by the way, this is its seventh record closing high day in a row. that's a long winning streak technology real shining as yields come back down. it's been happening in the last few weeks. the biggest contributor on the qqqs was alphabet, amazon, microsoft, apple a familiar tale there transports were also lower, something we'll talk about, the divergence greg branch is still with is, tick toria hernandez joins the conferring first, to you, mike, about the pattern we saw all week. for value, for cyclical and for transports >> market seemingly positioning for a bit of a deceleration type of growth story, also a patient fed, not necessarily accelerating so that feeds you into the nasdaq 100 i think where we are right now, after such a long streak, seven straig

their first child, wilfred, was born in april last year.s jamaica's elaine thompson—herah takes gold in the olympic hundred—metre final, we'll look ahead to day nine of the tokyo games. hello and welcome. there is heavy fighting in the southern afghan city of lashkar gah, the capital of helmand province. security forces in two other key cities — kandahar in the south and herat in the west — are also battling to try to halt the taliban offensive. thousands of people have been fleeing their homes to other parts of afghanistan and neighbouring countries. our correspondent secunder kermani is in the capital, kabul. this is the most serious fighting we've seen since this latest taliban offensive began. the group already had captured vast swathes of rural territory. now, they're trying to take their first city and earlier this evening, they made their way right to the centre of lashkar gah before being pushed back by afghan special forces. in the last few hours, a number of air strikes have been launched against taliban positions there, too. the

their son wilfred was born in april last year. now on bbc news, the media show. hello.t a summer of sport this is. sport is all over tv, and coverage of sports events is what we are focusing on today. the olympics is on, we've just had the euros, and there's a new cricket competition called the hundred on primetime bbc, as well as sky. but in this age of infinite choice, live sport has to compete to hold our attention. does sport need to be more attractive than an hour of fortnite or netflix, or tiktok? and has the amount of money tv companies are prepared to pay for sport fallen during the pandemic? well, these are some of the questions that my all—star panel of sporting supremos will answer today — and between them, they are reaching hundreds of millions of viewers. they are andrew georgiou, president of sport at discovery, and he joins us from tokyo, where discovery are covering the olympics. minal modha covers sport for ampere analysis, and sanjay patel is directing manager of the hundred for england and wales�* cricket board. sanjay, the hundred has got matches on

three record closing highs i'm here with wilfred frost.e job the nats doom up 2% for the week communication services, we talked about the rally in -- technology had a good day, but so did defensive groups. nasdaq at a record close big mover there was moderna. facebook closing above a trillion, a 5% move higher the russell 2000 joining the party, not quite at its record high china cracking down on u.s.-listed chinese education companies. those stocks plunged today coming up. the eurasia group president with more >>> despite a new bill in washington taking aim, we will first up, though, on this record close, jonathan and delano are with us. jonathan, you detailed a note sort of refruiting the bear cases, the delta variant, for instance, people are worried about peak growth, peak monetary stimulus, peak fiscal stimulus, and it turned out the dip buyers were right how were we able to climb these walls of worry >> the most important thing is this inflation concern that we have is turning into higher profits and higher margins companies are pass

. >>> well to the "closing bell," everyone i'm wilfred frost, the do you on target for the largest drop of the year. >> i'm sara eisen. let's get to what is driving the action in this final hour of trade. fears of the delta variant and concerns of another spy in covid cases is front and center. on. >>> opec plus reaching a deal, crude oil is getting slammed >>> consumer staples are holding up the best. >>> we are all over the big sell-off for you wharton professor of finance jeremy siegel, tony dwyer, director of investment research rebecca patsen, and ruchir sharma >>> brian sullivan will be here, but meg, let's start with you, what is the latest >> the delta variant is causing a spike in cases in the united states, now to daily case numbers we haven't seen since mid may, up to about 32,000 recorded in a single day, 66% higher we're also seeing hospitalizations and deaths rising as well 31% higher now to 19,000 deaths rising to 266 it is the areas with the lowest vaccination rates seeing the biggest spread, folks emphasizing that the vaccining do hold up against severe cases of covid,

their son wilfred was born in april last year.lo and welcome to our look ahead to what the papers will be bringing us tomorrow. stick with us and you will be fully briefed if you are preparing to watch the olympics overnight. with me are the broadcaster and journalist james lewer, and the education editor of the sunday times, sian griffiths. tomorrow's front pages starting with... super saturday steals the show on the observer's front page — with the emotional celebrations of team gb�*s gold medal—winning triathlon team. the sunday telegraph splashes on celebrations of another kind — those of the prime minister and his wife carrie — who have announced that they are expecting a second child. the sunday express refers to the "heartbreak of miscarriage" as carriejohnson reveals she experienced a pregnancy loss earlier this year and hopes sharing what happened to her will help others going through the same. "kebabs forjabs" declares the sunday people on the latest efforts being suggested to encourage young people to take up the corona

i'm sara eisen here with mike santoli, whos in today for wilfred frost.t taking toward the end of the month after overall a good month. caller pillar, boeing, goldman sachs and disney the s&p 500 giving back half a person today, what worked? amazon is a big part of that story. and also closed shatterly lower. kind of a mixed day for tech you did see a performance with apple, comcast also going strong the russell actually fell, while the nasdaq, s&p 500 and the dow gained so something to talk about, some underperformance lately of the small caps after they had been strong coming up this hour, noted investor dan niles on whether some have gotten too high. and later, u.s. general dr. have i vivak murthy listen to what he says which i think will be highly likely it's going -- you know, it might be a good time to take risks off the table, and save some dry powder for the possible we could see a severe correction here in the summer >> courtney gibson from luke capital ton and stephf jablonsk are still with us. i haven't heard anybody -- those will say janet yel

wilfred frost has more >> jp mamorgan beat on both lin with a release of $3 billion capital markets a but that was expected goldman has particularly shown investment in investment banking while jpmorgan in equity trading, both betteroverall for capital markets than expected. and showed while things aren't as great as a year ago, they're coming back down to a slower than normal which is a good thing. goldman's stellar numbers were also driven by asset management. a massive $5.1 billion in revenue, more than double what was expected, in large part due to equity investments. meanwhile, jpmorgan's net income of 12.4 billion slightly anticipated but able to hold the guidance here's jamie dimon on economic outlook. >> consumer, "stack" is up, kn confidence is up and they're there to go. and businesses equally are in good shape probably six months behind america. so growth can go into next year and, you know, the ten-year bond goes to 3% growth, short rate goes -- it won't make any difference. as long as there's growth, consumer, jobs wages, those are all good things. obviously, the inflatio

. >> welcome i'm wilfred frost at the new york stock exchange. nasdaq seeing declines around 1% >> i'm sara eisen in washington d.c. today we have an interview with janet yellen in the show. what's driving the action in the final action of trade. jay powell testifying for a second day to congress, this time in front of the bank committee, facing questions about inflation, the economy and more those highlights ahead jobless claims hitting a pandemic era low and the empire state manufacturing index blew a past expectations. morgan stanley rounding out the strong bank results. 59 minutes to go in the session. energy, tech, small caps are seeing the biggest decline and we have a big first on cnbc interview coming your way from california janet yellen joining us to talk about the global minimum tax deal, her read on inflation with the new numbers this week, the tech crackdown in china and more and also the day the checks go out for the child tax credit for american families. >> we cannot wait, looking forward to that interview. looking straight to the

the year s&p 500 on pace for another record closing high the dow and nasdaq higher as well >> i'm wilfredhat's driving the action today. the energy sector, top performing sector up more than 1.5% as oil prices hit the highest levels since 2018. jobless claims come in at 364,000 better than expected

their son wilfred was born in april last year. now on bbc news it's time for sportsday.e to sportsday, after another special saturday for team gb at the olympics. i'm austin halewood, here's what's coming up in the programme... the fastest woman in the world. elaine thompson—herah succesfully defends her olympic title with one of the quickest times in history. but it's heartbreak for dina asher—smith, who failed to make the final and then pulled out of the 200 meters. this is for the start, we'll let it go. we'll let the start go and let me cry! but it was still a golden saturday, with team gb winning the first triathlon mixed relay. and even more swimming success, as the brits enjoy their best performance in the pool for over a century. also coming up in the programme, away from the olympics... can south africa deny the british and irish lions first series win there since 1997? and the scottish premiership is back with a bang, as rangers get the defence of their title off to the perfect start. good evening, welcome to sportsday. we're a week into the tokyo olympics and

wilfred is out today, will be back on monday >>> amazon in its wearer outlook, setting the tone earliereconomy, and we're looking at weekly declines, but also riding six months o

. >> i'm wilfred frost, stocks off the low, but the dow and s&p still down a full percent.hitting a low of 1.25% jobless claims came in higher and covid concerns rising again,

. >> i'm david faber in for wilfred frost. tech is getting hit the hardest. there we go. alab

i'm wilfred frost.ly in the rear-view mirror >> i'm sara eisen. earnings front and center today. dow component coca-cola getting a pop after

i'm wilfred frost. a very happy friday. the dow and s&p, and nasdaq on track for record closes.t's look at what's driving the action it appears to have stabilized. financials are leading as banked get a bounce off those yields. san francisco fed president mary daly warning the economic recovery could be at risk because of the delta variant

i'm wilfred frost, stock kickses off shall shortened week. >> i'm courtney reagan in for sara eisen oil drops after opec-plus talks broke down this weekend. still strong overall after hitting a new record of 64% in may chinese stocks are getting hit

. >> and i'm carl quintanilla in for wilfred frost. >> housing stocks under pressure at june new home and come in at the lowest monthly level since april of 2020. and tesla, we'll get earnings from that company after the bell. >>

. >> welcome i'm wilfred frost at the new york stock exchange.nes around 1% >> i'm sara eisen in washington d.c. today we have an interview with janet yellen in the show. what's driving the action in the final action of trade. jay powell testifying for a second day to congress, this time in front of the bank committee, facing questions about

their first child, wilfred, was born in april last year.

small caps are sharply lower >> wilfred frost earnings are front and center once again, more big banks reported results today the financials among the weakest sector with bank of america seeing a

. >>> well to the "closing bell," everyone i'm wilfred frost, the do you on target for the largest drop of the year. >> i'm sara eisen. let's get to what is driving the action in this final hour of trade. fears of the delta variant and concerns of another spy in covid cases is front and

let's get to wilfred frost with the numbers.15.5 billion, forecast was for 12.2 billion. eps coming in at 15 cents -- 15.02 a share. the forecast was for 10.54 there is a benefit on the reserve but only of 92 million it's driven by the fundamentals. the biggest part of the beat quite comfortably is asset management revenue, 5.1 billion. the forecast was for 2.4 billion. it is largely the equity investment line rising tide floats all boats but it's floated this part of the boat enormously so, very impressive there. again, albeit not a fee-generating part of the business, but no doubt about it, massive beat in asset management nice beat, 3.6 billion versus 3 billion forecast that's up 36% year over year compares to jp morgan up 11% year over year in that space fixed income trading down 45% year over year, 2.3 billion, in line with expectations and also in line with jp morgan, down about 44%. equity trading 2.6 billion forecast was 2.3 billion down about 12% year over year. jp morgan doing slightly better in that, but overall very

. >> and i'm carl quintanilla in for wilfred frost. >> housing stocks under pressure at june new home sales miss expectations and come in at the lowest monthly level since april of 2020. and tesla, we'll get earnings from that company after the bell. >>> coming up, bernstein ace toni sacconaghi is here, all bick-tech heavy weights, and he'll talk about what he's focused on >>> the ceo of intercontinental hotels will join us in a "closing bell" exclusive >>> mike santoli is tracking the market action. kate rooney has a closer look at what's driving this pop in bitcoin today. >> carl, market holding near the highs, pivot on balance. it's a familiar story, certainly not an all-inclusive rally, but plenty to get a new report also up pretty significantly, the u.s. open has been a pretty good bid for risk assets recently also, we've kind of put in the books year to date i would say the sixth significant pullback or single-digit percentage pullback and quick snap back to a new high only one of these you would say we rallied in new highs and never looked back. the others you have a revisit. a

good to see you again, wilfred i am ecstatic about the launch of our credit card when you're building% conversion rate, 70% approval rate, appeared 80% transactional rating when you compare that to typical f fintech, it's a 10x approve. what does it mean? bitcoin is an amazing reward to earn the way the credit card works, you spend it, except instead of miles, you get crypto as rewards. the bottom line is we want to do one thing. we want to make it easier for you to earn crypto >> so it's all about earning crypto, as opposed to transacting in crypto. >> you noted a 4r09 of price volatility, and ultimately most people believe it be worth more a year ago than today. so for comparison, you mentioned the price of bitcoin phet 20% this year, but at this time last year, one bitcoin was worth $9,000 that's close to a 4x return. people don't want to spend their crypto it's much more enticing to earn it passively as another source of income. >> what do you make of the trading volume dropped 40% in june across the major exchanges for bitcoin, for cryptos >> there's definitely been a lot of pric

. >> i'm david faber in for wilfred frost. tech is getting hit the hardest. there we go. alphabet, microsoft, all down at least 1%, this ahead of earnings we're going to be getting them after the bell intel and salesforce are the biggest drag and worry about china's crackdown continue to be felt in the market today, particularly, of course, the fx side june durable goods were out this morning. they also came in below estimates. >> we are one hour away from a parade of earning after the bell we have results, you picked a good day to join us. >> i did very exciting. >> we have an all-star panel for instant reaction and break down the numbers. plus, we will get records from mondaleze. mike santoli and frfrank hollan with us. >> a comeback started around 2:00 p.m. eastern time, really a tenacious bid in this market it was led by the nasdaq lower we actually have come back it did kind of go back and kind of check the area of the chart that preceded this decline we got into last monday, so it still looks a bit unsteady, still some slippage in the rotation, some of the gears are

wilfred frost has them all for us. >> bank of america is trading, extending its losses, revenues slightlyed to forecast of $14.1 billion though the ceo made clear on the call it was a one off and in part due to a $500 million charitable donation. net interest margin did disappoint as well loans did pick up by the end of the quarter. that meant that they were confident that net interest income had indeed bottomed already, despite disappointing this quarter here is ceo brian moynihan. >> the good news that we correctly caught the bottom three quarters a go. we told you then we thought the third quarter of 2020 would be the trough despite the volatility and significant decline in -- we have been able to hold at that level or more for three straight quarters we expect it to move higher. >> wells fargo and citi foermd b performed better both stocks trading higher w hir both citi and bank of america showed similar trends when it came to capital markets, strong investment banking, declining fixed income trading, by about 40%, that was expected and strong equity trading both stood out relative to