. >> very good afternoon i'm wilfred frost. let's look at what's driving the action the latest read on consumer prices showed a jump of half a percent which was larger in line with expectations. more inflation up 4.3% decelerating slightly from june. caterpillar, home depot and honeywell are helping boost the

i'm wilfred frost. health care is eneleading, ener is lagging >> jumped in july in the latest read rising 1% versus estimates of 0.6%, jobless claims meantime i falling in the right direction, falling to 375,000. reopening traits are weak today. we have 59 minutes left to go in the session. >>> coming up on today's show, an action-packed lineup. a rare interview with billionaire lawrence stroll. we'll talk about his turnaround plan for the luxury brand. it's a busy afc with several reporting. as usual, we have an all-start lineup >>> michael yee from jeffries is here, but mock san told ir, they hit -- despite the fact it's a very narrow trading range. there's always been an intraday fate it's not all stocks moving as one. a the lo of this stuff is holding indexes in place >> a look at the nasdaq 100, actually an outperformer today >> see it never got sloppy, so to speak we had this break out above the prior high today's low is a couple -- it's part of the rotational action. semiconductors are struggling

welcome to "closing bell" i'm wilfred frost, all green on the market today let's look at what is driving the action leading the nasdaq after a brutal stretch here we go again, surging laid in the session airbnb says it will temporarily house 20,000 afghan refugees brian chesky will join us, a first on cnbc. chipotle has been on a tear lately >> with record closes in site, and yet we almost got there. joining us with the bubble warning, with richard bernstein. first, mike, what are you watching amid the rally. >> sara, today a more of a rotational feel for this little extension. we have kind of clicked back into gear, if you look at the s&p 500, right back on this very persistent rally path. we pointed out for months on end, the market tends to hug the upper rail of this pathway, a bit much more from here. wouldn't take a lot more to look overextended, but i want to underscore the persistence of this. >> that's been the give-and-take, also really detaching from the rest of the world. over the last performance, of the s&p 500 versus equity markets from the rest of the world. everything in

. >>> welcome to the "closing bell," i'm wilfred frost the major averages are mixed to kick off a new trading week. the dow is down fractionally as we head into the final hour of trade, but the nasdaq is holding on to slight gains. >> i'm courtney reagan in for sara eisen energy is the worst-performing sector in the s&p 500, as oil prices retreat on global growth fears. but also having an impact on reopening stocks cruise names, airlines pulling back while vaccine makers are getting a boost. crypto is another bright spot, crossing above $46,000 for bit bitcoin. 59 minutes left to go in the session today. >>> coming up on today's show, we will speak with the ceo of ticketing company eventbrite, about rising concerns of the virus, and new orleans scraps its event and new york's auto show is scrapped >>> getting a nice lift today. mike santoli is back, tracking all of today ace market action and ylan mui has the latest on the infrastructure bill as it makes its way through the senate michael, welcome back. >> courtney, thank you very much the market holding near record highs, it's loot t

. >> very good afternoon i'm wilfred frost.driving the action the latest read on consumer prices showed a jump of half a percent which was larger in line with expectations. more inflation up 4.3% decelerating slightly from june. caterpillar, home depot and

. >>> welcome to the "closing bell," i'm wilfred frost the major averages are mixed to kick off a newe head into the final hour of trade, but the nasdaq is holding on to slight gains. >> i'm courtney reagan in for sara eisen energy is the worst-performing sector in the s&p 500, as oil prices retreat on global growth fears. but also having an

. >> i'm wilfred frost let's have a look at what is driving the action today financials are in the lead rates move higher ahead of the fed's jackson hole meeting. the 10-year

i'm wilfred frost.re is eneleading, ener is lagging >> jumped in july in the latest read rising 1% versus estimates of 0.6%, jobless claims meantime i fallin

i'm wilfred frost, happy friday. any close on the dow would be a record >> we're almost there.s look at what's driving the action disney, after strong earnings yesterday, though that stock has lost some of its years oldier gains. consumer sentiment coming in at the lowest level in ten years. consumer staples are the

. >> and i'm wilfred frost a much weaker than expected adp jobs number hurting sentiment.jobs added in july versus estimates of more than 650,000. though ism services did top

. >> and i'm wilfred frost a much weaker than expected adp jobs number hurting sentiment. just 330,000 jobs added in july versus estimates of more than 650,000. though ism services did top estimates. earnings remain in focus with amgen weighing on the dow and gm taking a big leg lower and the meme trade is back in force. robinhood exploding higher and halted multiple times for volatility as it soars above its ipo price. 59 minutes left to go in the session, sara. >> we've got a great show coming your way we'll speak with target ceo brian cornell covering everything from back-to-school spending to covid concerns and a brand-new college tuition program they announced for employees just today. >>> plus, cvs out with strong earnings and guidance. a new $15 minimum wage cvs health ceo karen lynch joins us for her first ever broadcast interview. she just got the ceo job in february and uber, roku, etsy, ea, we'll speak with roku's ceo ahead of his analyst call right after those numbers break. >> such a big lineup looking forward to all of it let's focus on the big stories we're

. >> very good afternoon i'm wilfred frost. let's look at what's driving the action the latest read on consumer prices showed a jump of half a percent which was larger in line with expectations. more inflation up 4.3% decelerating slightly from june. caterpillar, home depot and honeywell are helping boost the dow's construction related stocks on the back of the infrastructure bill and the nasdaq is lagging once again in jeopardy of turning in its third down day followed by a big drop in shares of moderna 59 minutes left to go. materials leading. health care on the bottom. >> coming up on today's show, a new way to play the electric vehicle boom battery and recycling company li-cycle going public via spac today at the new york stock exchange we'll speak with the ceo and the environment impacts of the revolution and speaking of evs. lordstown motors is gearing up for earnings along with ebay, bumble, sonos. we'll bring you all of those results as soon as they hit the tape >> let's focus first of all on the big stories we are watc

i'm wilfred frost with sara eisen and mike santoli the dow higher not at a record close.el at the close though it did cross termer financials the best performing sector health care the worst performing sector get ready for an action-packed hour of earnings the likes of salesforce, snowflake, box, splunk, ulta beauty, williams-sonoma and more due to report any moment we'll break down the numbers as soon as they cross >>> plus, splunk's ceo will join us to discuss his company's results before he takes analysts' questions on the conference call. he will be joining us exclusively. lindsey bell from ally invest is with us and jeffries managing director brent hill joins the discussion mike, i'll come to you first in terms of where we finish and just to what extent the yield move perhaps is what we should be focusing on more this week than these record closing highs. i guess another factor we haven't talked about, not only are we approaching the jackson hole symposium but also quite a big move in european yields partly on german political news. but we're seeing that kind of inte

welcome to "closing bell" i'm wilfred frost, all green on the market today let's look at what is drivingnasdaq after a brutal stretch

. >> i'm david faber in for wilfred frost. energy and stock caps. let's get to the pentagon for a briefing on what is happening. >> can you hear me okay? >> john, i can see you and hear you fine. >> the general will have some brief opening remarks, will address the events today, an

i'm scott wapner in for wilfred frost. investors digest the fed minutes. small caps a bright spot as we head toward the close. hi, sara >> i'm sara eisen. let's look at what's driving the action the federal reserve releasing minutes from the july meeting just last hour as the taper conversation ramps up. most participants saw tapering this year. the delta variant does pose a down side risk to the outlook. more retail earnings out today target and lowe's topping estimates with lowe's surging on those results. and soft economic data point housing starts falling 7% in july, and mortgage applications declined as well 59 minutes left to go in the session. dow is down about 128 points or so >> and we have a big show coming up today blackrock's jeff rosenberg will join us with his first reaction to the fed minutes, when he thinks the tapering will start plus the ceo of imax and box offices. and robinhood. a meme stock gearing up for its first report since going public. an analyst and early shareholder will join us to break down those results. >> stock up 7.5% int

i'm scott wapner in for wilfred frost. investors digest the fed minutes.a bright spot as we head toward the close. hi, sara >> i'm sara eisen. let's look at what's driving the action the federal reserve releasing minutes from the july meeting just last hour as the taper conversation ramps up. most participants saw tapering this year. the delta variant does pose a down side risk to the outlook. more retail earnings out today target and lowe's topping estimates with lowe's surging on those results. and soft economic data point

. >>> it does indeed tyler, kelly, thank you very much i'm wilfred frost, stocks are volatile, endinglook at what's driving the action technology among the top sectors today. nvidia, microsoft, adobe, all standout winners right now >>> the energy sector down around 7% just this week, with big weekly

you are just joining us to "closing bell," i'm sara eisner here with scott wapner today, in for wilfred frost000 jobs added revirus higher, wages shot up. the unemployment rate goes down to 5.4%. the do you rallied jpmorgan and gold man sax the bigger contributions the biggest drag was amgen and p & g. it was the financials that led the charge today, for a change, i would say. materials, industries all rallied. higher rates was a big theme today. consumer discretionary, real estate and technology were the worst performing sectors nothing extreme in terms of the valuation correction, but you saw pressure on tesla, amazon, apple, nvidia, all the hot tech stocks, google and net flex, the russell 2000 ending up about half a%. all the major averages closed higher for the week. the nasdaq even gaining a percent on the week. >>> coming up, we discuss the much better than expected jobs report and how the covid spread could affect the economy, when we're joined by cecilia rouse, council of economic advisers chair. el elena hernandez, first to you. the big jump in rates, rally in financials, along with

. >>> 52 record closes he's in for wilfred frost.osed up near session highs. see that spike up? that was when fed chair jay powell gave his remarks to jackson hole, which were entereded as dovish. every sector rallied today, energy in the lead for the day and for the week, as we mentioned, having a great week like financials, consumer discretionary, those are all your winners nasdaq closing up on a record high tech was an overall winner the usual suspects there the russell 2000 index playing some big-time catch-up it finished up almost 3%, and for the week up more than 5% >>> coming up this hour, krishna guha and whether the fed chairman's dovish speech will continue this rally. first up, though, on this record close, victor jones is still with us. picking up a rally today as he discussed winding down the stimulus program >> meaview is the substantial further progress test has been met for inflation. there has also been clear progress toward maximum employment at the fomc's recent july meeting, i was of the view, as were most partici

. >> i'm david faber in for wilfred frost. energy and stock caps. let's get to the pentagon for a briefing on what is happening. >> can you hear me okay? >> john, i can see you and hear you fine. >> the general will have some brief opening remarks, will address the events today, and then we'll take questions. i will moderated questions police, before you ask your question, identify yourselves and your outlet so the general has an idea of, and a reminder we have 30 minutes and a hard stop at 3:30, so general mckenzie, over to you. >> john, thanks. two sue i'd bombers, ace saysed to have been isis fighters detonated in the vicinity of the abbey gate, and the baron hotel, immediately ajdjadjacent at this time we know that 12 u.s. service members have been killed in the attack and 15 more service members have been injured. a number of afghan civilians were also injured and killed in the attack we're treating some of these at hkia, and some are at local hospitals. their loss weighs heavily on us all, and we'll talk about that more we continue to focus on

i'm wilfred frost, happy friday. any close on the dow would be a record >> we're almost there. we'll see if we can do it. let's look at what's driving the action disney, after strong earnings yesterday, though that stock has lost some of its years oldier gains. consumer sentiment coming in at the lowest level in ten years. consumer staples are the best-performing sector in the s&p 500 today. >>> dan niles will help us wrap up a big week of earnings. how he is adjusting 4th portfolio. >> mike santoli is tracking the market action, and jessica you recallic urlich is here. >> there are calm fridays in the summer, and then very calm ones. and in low drama ways. the market to be a bit of a his steep angle, so we're hugging that line. right now it's mostly more defensive in growthy stocks. i would also point out, this was last all, remember mid august into september 1st, we have this height surge, a jumpy, grabby market now like this one right now. it's a different path and pace some subthemes, buyback-related stocks have started to gain traction to a year-to-date basis, stability, q

i'm morgan brennan, along with wilfred frost, also mike san toldi. from wilf, but record closes for the dow and the s&p. the dow finishing up about half a percent, for 162 points. s&p squeaking out a record close, 4436 is the level there very narrow trading range today. we saw interest rates ticking higher, cyclicals outperforming, tech and some of those growth names underperforming day. the reason the nasdaq finished the day, down 0.5% as well the dow transports also higher on the day investors now counting down to coinbase's results speaking of an earlier investor about the stock's outlook. plus national economic council director brian deese on the senate's package of the infrastructure deal, and what is next on president biden's economic agenda. charlie is still with us, as is xi pou >> the pendulum has swung back in the last week or so, as we got decent jobs, trying to look through the covid surge, we had the earnings base as being rebuilt, projections looking pretty good. i think it speaks to a market that continues to rotate in this very kind o

i'm sara eisen here with wilfred frost.ost of the day, open lower, some concerns about the chinese growth slowdown. bond yields were a bit lower, all of that points to slower growth, but then we climbed back through the session, ended higher at a record unitedhealthcare the biggest contributor to the gains health care led the way today. utilities, staples, all the defensive names, technology also had a pretty decent day. the nasdaq struggled, though names like tesla under pressure. invideo down lower, with recport on wednesday >>> coming up, boston fed president eric rosengren. >>> plus galaxy digital -- but first, president biden is addressing the nation on afghanistan. let's listen. >> the unfolding situation in afghanistan. the developments that have taken place in the last week, and the steps we're taking my national security team and i have been closely monitoring the situation on the ground in afghanistan, and moving quickly to execute the plans we had put in place to respond to every constituency -- contingency, incl

. >>> it does indeed tyler, kelly, thank you very much i'm wilfred frost, stocks are volatile, ending on a high note. >> happy friday. let's look at what's driving the action technology among the top sectors today. nvidia, microsoft, adobe, all standout winners right now >>> the energy sector down around 7% just this week, with big weekly drops and crypto is popping today. bitcoin and ethereum moving higher, with bitcoin moves higher >>> we have a big show coming up shares of footlocker are jumping today after earnings doubled wall street's estimates. we'll talk to the ceo about what drove the strong quarter for them. >>> plus wwe hosting its slam this weekend in vegas. we'll discuss their efforts to keep attendees safe. >>> and let's focus on the stories we're watching bob, start us off. >> low volume fairly typical, sudden spikes in volume activities in the middle of the week what we've got here is utilities tending to outperform. here's what's going on in a way, i said this is a typical august volume has been light. volatility, you get the random spikes only into october, you get r

i'm wilfred frost along with sara eisen and mike santoli, senior markets commentator record close for so energy, the best-performing sector, utilities the worst, down 1.3%. bitcoin rallied more than 50%. coming up -- as he get ready to -- initiates coverage of roy i want with a buy rating joining the conversation as well tom, i come to you -- the record close. a lot of the clients were very concerned about the economic outlook, as one that it was surging, and there's a lot of questions about how effective vaccines are i think in the past few days we're getting what things are called more half full. it looks like covid is rolling over florida pretty decisively the formal approval for the vaccine is great, because it allows private institutions and governments to kind ofmandate vac vaccines. >> a lot of people look to your photos for some of these covid charts, especially ones that indicate we're near some sort of peak you've been looking to the bright side at some point, hopefully we'll get back to some sort of new normal at the same time we have a lot of still his helping the market.

i'm sara eisen with wilfred frost in london. from a deficit, the dow was down 123 this morning, closed near the highs of the session. up 279 a strong day united healthcare biggest positive contribution on the dow with home depot, amgen and boeing s&p 500 closing at a record high, first time we saw that since i don't know a week and a half last week of july. the last record close. and it was led by a variety of sectors. energy, industrials, healthcare, financials, all of those sectors and materials closing up more than 1%. consumer discretionary strong too. communication services were lower on the day media companies a little under pressure the nasdaq closed up bymore than half a percent. apple the leader there moderna, strong day. some other healthcare names, amazon, microsoft in rebound mode google, good day facebook was down, so is netflix. overall strong day for tech. small caps rallied .4% as well the russell 2000, we reversed a decline from yesterday little lower than average volumes and not a lot on the news tape. but over

aim will frill frost, a downbeat tone to start the week the dow climbing awful ways because a nearly 300-point drop. >> good to see you, wilfredlook at what is driving the action right now economic data coming in worse than expected. retail sales growing 8.5%. manufacturing also missed. slowdown energy the worst-performing sector of the market shares of tesla are weighing o