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

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

morning everybody welcome to squawk box here on cnbc i'm becky quick along with melissa lee and wilfred frostand 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

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

you tomorrow "closing bell" right now >>> thanks, guys welcome to "closing bell," everyone i'm wilfred frosts&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. 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

morning everybody welcome to squawk box here on cnbc i'm becky quick along with melissa lee and wilfred frost. 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 by 102 points the s&p which is then up five out of the last six weeks and up the last six sessions in a row is up by 5.5 this morning and then the nasdaq which has been this incredible out performer for months on end is the other performer this morning it's down by 13 points but remember nasdaq was only down friday after being up for several sessions in a row. setting a new high every one of the closes. the s&p is less than 1% from

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 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 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

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

for now see you tomorrow >> thank you welcome to "closing bell," everyone i'm sara eisen with wilfred frostoppy 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

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

for now see you tomorrow >> thank you welcome to "closing bell," everyone i'm sara eisen with wilfred frost. 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 there. yields moving higher after a 30 year auction that has taken the wind out of the big growth stocks. 59 minutes left to go. 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 sta

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

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 since

welcome back, everyone i'm sara eisen with will wilfred frost.ains for the week the dow closed up 47 points. apple was the biggest loser. but for the week, the dow had had a really strong week they're closing up 3%. s&p 500 got a gain in the close. it was brought higher by as mike said, old economy stocks, not technology but technology ruled the week. the s&p 500 closing up 2.4% overall. the nasdaq after reaching an earlier intraday record high did close lower by .9% taking a step back after what was another banner week for the nasdaq as well closed up 2.5% on the week russell 2000 index of small caps up 1.5%. strength today from financials, utilities, industrials, that all helped the small caps as well. first huawei and then tiktok and ten cent we're in the midst of a tech war. we're going to talk about the growing tensions with china and the corporations caught in the storm. first to join us to talk about the market, barbara duran is here jay on trener joins the conversation and michael ferolli is here. mike, first to you the strength we saw in

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 brian sullivan that's not andrew, that's wilfred frost along with becky quick.rew have the morning off. somewhere they are together tanning. >> what an image >> yes, it is. and i just ruined my day. >> my eyes. >> could 8 be enough. >> seriously, i hadn't actually thought about it now i have >> well, you're welcome, wilf. i just bring joy to everybody. we may find out if eight is enough today because stock futures, they are surging right now. the major averages, they are up seven days in a row. coming into today. by the way, the s&p 500 is now less than 1% away from its february 2009 record high. believe that driving the move and maybe shocking the world, vladimir putin saying that russia has created what he calls a safe working covid vaccine, that it has gotten regulatory approval from that country's health ministry the scientific community still trying to get more information on this. the details right now, they are pretty sketchy we are very pleased to be joined by nbc's matt bogner joining us with this developing story matt, a shock of the world right now. >

. >> 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 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

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

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

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

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 to day.

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

and tyler and welcome everyone to "closing bell," i'm sara eisen with kayla tausche today in for wilfred frostiet 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