and the government thinks it's essential to tackle elicit earnings and based economy and your schwab reports. opponents of the government's proposed new law blocked roads in major cities across bolivia. they were met by police who cleared them to ensure workers could get through the demonstrate to see the law concentrate too much power in the hands of the state which could use it to persecute offers if and leaders the strongest focus was in the eastern city of santa cruz oh, i beg your own solo that dragging us along the road on which will lose our democracy and our liberty to a communist and totalitarian regime. oh, this government needs to listen to us. we will not return empty handed. them must be sent an end vis repression. the hidden with the approval of human delete below the lower house of congress passed the last month. it's designed to tackle elicited things and money laundering. the seal elected that the government is put off pushing the lawsuit. olivia's upper house, while it carries out further consultations. however, it says is necessary to regenerate the economy in the

daniel schwab le reports many schools across venezuela have reopen their classrooms. 19 months after the pandemic force them to close. and after several delays, due to rising rates of infection, could add on the ceiling by telecom. nothing will rec, laughing. we've created the conditions to return safely to classrooms. the administrations and the teachers have been working to make sure the attorneys safe so that parents feel comfortable and oh, after so long without face to face learning or playing with his friends. one is clear about what he expects from school. and all calls are all i ever, he says he wants 2 things to play and to learn yet the wire. cedar fair. if his mother midian says she was nervous about the return, but it was necessary. your laptop on tampa, florida. fuck, laugh is happy to be coming back. v needed communication with other kids to play, to share things with a teachers that motivation. once i've gone for the sale program out, the government is called the reopening campaign, a drop of love for my school here. this video released to one of president nicholas my

to reduce carbon emissions, will have led us from badging plus red access to the elite taliban unit schwab.

the new schwab la has more from outside the court in dolores, he appeared before a small group of supporters. a couple of blocks away from here in the town of the lord is to say that obviously he's innocent and he doesn't know anything about any spying charges. he didn't spy on the families of the victims of the submarine or the san juan, or anybody else for that matter. it sounded like an election rally. there are congressional elections in a couple of weeks time here in argentina. many of his supporters would like to see him stand for the presidency again. so it smacked more of an electoral rally than of him coming here to declare his innocence. but that is the case. we believe the families of those victims of the submarine thinking also here in town. we haven't seen them yet, but they're here. these were the victims of the spying charges. they were campaigning at the time when the submarine disappeared in november, 2017. to find out what had happened to their loved ones, they wanted the authorities to tell them more. um, and instead it seems of the accusation is that the authorities on to

schwab works with a lot of retirees. can you explain to me why they should hold bonds if they have seen a negative five year real yield since july of 2010? it has been essentially 11 years of no return lipping coupons. kathy: -- no return clipping coupons. kathy: i would argue there has been a positive return. but you are right, we have been suggesting lower duration for i don't know how long now because those yields are so long. we are certainly not suggesting everybody go into negative real yields in their retirement portfolios. usually you go balance of assets, and the fixed income assets are there. the capital preservation to reduce volatility, that still works. even when we look at the role of treasuries in the lowest yielding and say should we substitute other assets for that , it is really tough to find something that will offset a significant decline in the stock market, other than treasuries. so there is still a role for it. regarding tips, we like the total return approach and portfolios. we told people they ha

omar agee, head of investment -- omar agee lahr, charles schwab oamr aguilar, charles schwab head of investment. markets when they say 60% off, 10% off you run away but when it comes to any other market, like shopping for you, people gravitate toward it. lisa: are you shopping online? jonathan: just got the email on my work account. 60% off everything. lisa: are you going to buy it? jonathan: it gets some people excited, that's the point. when it comes to market people second guess themselves and goes back to something i said, easy money has never been made. tom: the famous phrase of the gentleman from tennessee, sir john templeton, he would say, shares are on sale. jonathan: shares are on sale. tech is on sale. lisa: are they? tom: there you go. [laughter] lisa: if you look at facebook for example, the shares are up dramatically on the year. amazon not so much. apple only up 5%. but if you take a look, once your starting point? we had such a huge rally earlier in the year. tom: that is classic. classic abramowitz. we have got to go with that. [laughter] the pendulum of are they. jon

liz and from charles schwab. i want to pick up an individual move in the market, and you are checking this out as well, kaylee. it is a downsides of rise. we have talked about how punished you get when you mission -- missing the earnings during -- season. they are getting punished. >> the punishment is outside. 4% on average underperforming if you do indeed miss expectations, but there is always a 14% in premarket trading. it was larger than expected. they blamed macro issues and the delta variant, as well as delays in distribution expansion and customer labor shortages. we are not talking about shortages of just things that you need to produce the product, there is a labor shortage out there, and that increases on these companies. jonathan: not everyone is being punished. there were earnings earlier, and they cut the outlook, and they cut a little on margins, and the stock has been doing off the back. it is quite interesting. we expected them to get smacked, but it has been ok. tom: this is a broader debate we h

hewlett-packard and charles schwab have done it. global news on-air and online powered by on a 700 journalists in more than one hunted 20 countries. this is -- 120 countries. this is bloomberg. ♪ >> we do believe there is a role for the government play that helps smooth out the supply chain issues. these will continue in the years ahead. we are wasting no time. the secretary of transportation there. jonathan: good morning. this is bloomberg surveillance, your equity market unchanged, treading water going into the payrolls report. 500 k is the estimate. the fed decision it, what will it take? most people think it's around 200 plus. yields are higher by a couple of basis points. foreign-exchange euro is stronger. to round things out, we keep writing higher. we are getting closer to that 80. tom: $80 on west texas intermediate is an emotional number. i really want to focus here on what we saw yesterday in the markets which drove the vix nicely under 20. it's just one session, the bears were humbled yesterday. there were a lot of bear

morgan chase and schwab both sharply higher. oil is up 2%. you can see some of the big energy names are going on as well. albemarle, that chemical and paint company is also climbing, helping to explain why the material sector is doing well. risk on and very constructive. guy: a little different from what we saw yesterday. that is the beginning of the week. we are done there. what about the next 24 hours. the feds randy quarles will be speaking. a lot of focus on the fed. gary gensler testifying before the house finance committee. that is worth paying attention to. president biden speaking on infrastructure in michigan. that was the delayed speech from last week. we have the eu council dinner in slovenia focusing on china. alix: i am interested in that dinner. it feels like europe is stuck between a rock and a hard place when it comes to china. tomorrow esther george will be speaking. or as johnson speaking. the tory conference. eu leaders balkan summit as well. a little geopolitics into little eco-data. coming up on television, heather boucsh

like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. ♪ ♪ traveling has always been our passion, even with his parkinson's. but then he started seeing things that weren't there and believing things that weren't true. that worried us. during the course of their disease, around 50% of people with parkinson's may experience hallucinations or delusions. and these symptoms can get worse over time. nuplazid is the only approved medicine prescribed to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause ch

just like schwab. schwab! look forward to planning with schwab. >>> welcome back shares of ecommerce player overstock.com are down about 15% in the past three months as supply chain woes and worker shortages have hit the retail space. but it might have an advantage over others as bottlenecks persist. they only offer items for sale that are actually in stock or overstocked. and it's already worked with suppliers to put itself ahead of the holiday surge. let's welcome in overstock.com's ceo jonathan johnson jonathan, it's good to have you. tell me what you mean in terms of positioning yourself with suppliers. >> overstock's ceo >> we have over 4,000 suppliers. they are really good at getting product into the united states so we can list it on our site. we never put anything on our site that's not in a warehouse and ready to ship. unlike other companies that are just in time that suffer from bottle necks, that doesn't affect our customers because we only sell what we have in stock. >> i imagine you have a lot of

just like schwab. schwab! look forward to planning with schwab. >>> sotheby's is changing up the traditional strategy and heading to vegas robert frank is here with more on that. >> mike, well now with auction bids going digital and the wealthy spread out around the country the houses are following the money. sotheby's opening pop-ups in monaco, the hamptons and now las vegas. traditional bidders can still bid online and the company hoping to atraktd a new client base there on the west coast who may not have attended the new york sales first auction at the bellagio on saturday with a collection of 11 picassos they could fetch over $100 million. the paintings are sold by mgm resorts including a famous portrait of marie teresa and then on sunday sotheby's brings out the bling with a luxury sale with jewelry, handbags, cars and watches, and a signed pair of michael jordan sneakers the size 13 of 1984 nike air ships, a first pair that jordan ever wore in a nba game. bids have already hit $1.1 mil million. that cou

just like schwab. schwab! look forward to planning with schwab. yeah, that's half the fun of a new house. seeing what people left behind in the attic. well, saving on homeowners insurance with geico's help was pretty fun too. ahhhh, it's a tiny dancer. they left a ton of stuff up here. welp, enjoy your house. nope. no thank you. geico could help you save on homeowners and renters insurance. get pumped fans, because basketball's back! and our league pass lineup is totally stacked. geico could help you save on homeowners forty games a week, all season long, on all your devices, so you'll never go wrong. watch your favorite sport, and do it your way, with nba league pass. order today! experience all the nba action with xfinity x1 - track stats and scores while watching your team live. to upgrade, just say nba league pass into your voice remote or go online today. ♪ >>> welcome back to "the exchange." take a look at the pro shares bitcoin strategy etf bito it is the first bitcoin futures etf started trading today, up about 3.5% right now while it is

just like schwab. schwab! look forward to planning with schwab. what the world needs now... is people. people who see flight a little bit differently. so it takes less fuel to bring people together... ...and make faraway places feel a little closer... ...with engines that power planes more efficiently. because seeing a better-connected world isn't far in the future. we're building it... now. ge. building a world that works. >>> welcome back to "squawk on the street." and you may be paying more at the supermarket this year as global food prices are the highest they've been in a decade that's according to the food and agricultural food in a decade. they have to get used to higher food prices. we're joined by the president and ceo of giant food stores great to have you back on the store. and i do want to get your insight on what you're seeing on your store shelves >> griit's good to be back and o morning. honestly, by june, we'd have the same number of cost increases than we got in the whole of 2020 and it seems to continue to accelerate of course, w

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just like schwab. schwab! look forward to planning with schwab. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ you could spend half an hour preparing for the half hour status meeting. orrr... you could cancel the meeting and share updates in slack instead. it's where your whole team is in one place so everyone can stay up to date. slack. where the future works. >>> texas governor greg abbott banned vaccine mandates by any business in the state. sharon, what impact could that have amongst the youngest. >> we were told what he thought about the texas governor stopping mas

just like schwab. schwab! look forward to planning with schwab. [uplifting music playing] ♪ i had a dream that someday ♪ ♪ i would just fly, fly away ♪ >>> suntory teaming up to create a leaders council for an agenda for governments and companies to create a more sustainableword and ceo takeishi niinami is hosting a summit and joins us now. it is great to have you back on. i understand the goal is to promote sustainability efforts in asia. how does asia stack up on this front with corporate efforts on sustainability >> yes i believe asia has been left out in the discussions of rule making for sustainability in the world. asia including china and japan is biggest greenhouse gas emitter in the world it is not in the discussion of rule making and we definitely eliminate asia as a leading force for change within the climate discussions. so we the group led by ian bremer likely bring in a global leaders for the discussion to talk about the asian issues and lift the world to -- know how important asia in this sustainability efforts >> sounds lik

like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. >>> shares of software giant sap moving lower today despite strong earnings before the bell and boost in cloud revenue i talked to the ceo about the results and where things stand in that heated rivalry with salesforce >> we are now growing faster than our biggest competitor in eap and as the biggest competitor in hcm. with salesforce, first of all, as we committed to the capital market we want to strong organic cloud comps which we are doing and not buying companies just for the sake of buying revenue as we said today we are very confident. we see acceleration and th quarters to come and over time and with sap we are now seeing a massive movement in our install base to the business technology platform in the cloud and of course we see a much higher adoption on the cloud, our flagship solutions and more to come and confident that we a

like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. >>> bond market is closed today so we have a different type of bond report. the james bond report. julia boorstin has the box office numbers for us. hey, julia. >> i know you saw the film because you're a fan business james bond "no time to die" grossed $56 million domestically and less than $60 million that analysts expected and $80 million projected after a strong thursday night opening nearly 2 1/2-hour run time meant they couldn't play it as many times as "venom" that set the pandemic opening weekend record and the oldest audiences that tend to flock to bond films less likely to rush out the opening weekend so amc and imass hoping the hold up better in coming weeks than superhero fare. mkm partners handler said that the film's $330 million global take is quite good and not hope yet in china and the first time that the box office h

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look forward to planning with schwab. schwab! ♪♪ >> announcer: the opening bell is brought to you by -- >>> less than three minutes before we get started with trading here let's squeeze in a mad dash. these earnings did not get well received >> their outlook wasn't that good. >> mastercard is today. >> mastercard is 331 we need to focus on these companies. this is a company that was stronger on every single dr drivers. strong for travel, crypto will be a business, but it's largely investment mastercard, when you compare, say, affirm to mastercard, a little different >> a little different. >> they bought back a lot of stock, but now they have $4.8 billion under -- i would bike stock today. >> because the company will be in there. >> i've got to tell you, a.j. and dishis predecessor, these companies are the backbone of merchant work, but we don't think about them enough, because they're not vocal. >> i do make that point on visa, and also did lose some market cap yet, but still a $460 billion market cap company, larger than eve

just like schwab. schwab! look forward to planning with schwab. (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. >>> bitcoin below 60k as traders cut long positions at the highest rate in a month or so. joining us ceo, anthony denear good morning good to see you. >> good morning, carl. good to see you. >> why do you think the liquidation today? >> bitcoin and all digital currencies, they really flow by news flow. there's no real fundamentals there as we talk about all him the time so, when you start seeing fraud, and all the dog coin said, if you will when they start really rallying, it makes a bit of a frothy feel and you start seeing money taken off. >> i mean, robinhood's a kwoorter and the percentage of transactions thatwere crypto related, obviously comes down in q3 a lot of discussion about whether that's related to return to work. there's less time to sit around your terminal and trade crypto >> i think that's a little bit of a reach, in all honesty you look at q

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just like schwab. schwab! look forward to planning with schwab. >>> on "squawk box," ceos from american airlines and autonation talk quarterly outlooks. tomorrow 6:00 >>> celebrating its 50th anniversary at its annual client event tomorrow where it takes a closer look at the next five decades. >> an exclusive interview. over to you. >> thank you and manny, thank you for being here so as mentioned, you are celebrating your 50th anniversary and are calling for a radically different macrooutlook in the future what does that look like especially when we have seen in previous years decent returns, low volatility, the future is not so bright, is it >> thank you for something it. we are celebrating our 50th anniversary and the reality is it has been a great 50 years great for bond market, returns have been strong it is unlikely in the next five years that we see the same type of return and we have pulled back some of the expected return this year. so we are more measured in our outlook in terms of what may happen in

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just like schwab. schwab! look forward to planning with schwab. >>> welcome back we've been reporting on this labor shortage throughout the pandemic as companies struggle to fill vacancies. we look at the lost workers, those who are no longer in the jobs market, who they are, where they are, and why. steve? >> kelly, thanks evidence for the lost workers is everywhere in the help wanted signs in the windows of stores closed at odd hours for lack of workers. in the inflation numbers where employees bid up wages and pass on the cost. jobs numbers from friday some of the lack of hiring is three classes of people standing out. women, new retirees, and immigrants of the 3.1 million fewer workers in the workforce, 63% or about 2 million are women. this is the reverse for the last recession. women aged 20 to 34 represent half of the lost workers child care could be a major reason for their absence the number of americans 65 and over leaving the workforce each month has ratcheted up to a new level with the pandemic, an

like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. >>> welcome back the yield on the ten year approaching june highs before pulling back a bit we're around 160 right now for more on where rates are headed, out to brian sullivan at the millken institute. guggenheim's global chief investment officer scott minerd with brian >> scott minerd of guggenheim. brate to be back in person, by the way. thank goodness we're back here business travel is not over. great to see you, my friend. >> good to see you, too. >> niceties are over where is the yield on the ten year going and is bitcoin going to fall another 50%? nice to see you. >> thank you, brian. the easy questions, let's start there first. look, i think we need to have a longer perspective on bonds, and, quite simply, when you look at how lefrd the economy is our research shows that the fed can't raise rates much above 2% before the econo

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like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. >>> welcome back to "the exchange," everybody dow is up 85 points despite the drag from intel today. it is a quarter percent higher and outperforming of the s&p, down six look at the nasdaq, down 125 points let's check the sectors. financial and consumer staples leading the way. financials up 1% communication services, by far the worst performing, down 2.6%. that's because of snap, sinking on a disappointing earnings repor

like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. >>> we're just a few hours away from apple's latest product event. josh lipton has a preview for us hi, josh. >> morgan, the mac has been a winner for apple and now the expectation is new macs could be on the way, at least what we think is coming at this event later today, specifically reports suggests the company will introduce high-end mac book pros running on apple's own chips instead of intel's processors new models could apparently include a new design, charger and displays in 14 inch and 16 inch sizes the mac has been a standout for apple. more people look to those machines as they learn to work from home during the pandemic and

like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. >>> good thing, futures are calm, corporate earnings are coming in hot. verizon leading the charge this morning. we will wrap up good quarters for netflix and united airlines. we will bring two big interview this is hour you can't afford to miss either one. press secretary pete buttigieg and ledges endary wall street investors to talk markets, race, the fed, bitcoin and so much more the final hour of "squawk box" begins right now ♪ >>> good morning, everybody. welcome back to "squawk box" here on cnbc i'm becky quick along with andrew ross sorkin joe is off today we have been watching the equity futures. down by about 23 points. s&p down by 3. the fax down by 6. of course, this comes after an update for the markets yesterday. the s&p putting in several sessions in a row that we have seen positive results. the treasury mark looks lik

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look forward to planning with schwab. schwab! ♪♪ >>> it is time for our wall street look ahead. tomorrow we will get the beige book, one of my favorites from the feds -- we also have an exclusive interview with the head of the cleveland federal reserve at 4:00 p.m. tomorrow which i am looking forward to. it's always important how they are thinking right now but i know you are dying to talk about ulta >> worst performer on the s&p today. it was down 10% at one point they gave a multiyear sales and revenue ahead of an investor meeting, laid out their strategic expectation. talked about 3 to 5% growth. not bad numbers, but the market took it as a downturn in what has been an expansion. not as expensive as it was at one time i have a sense that if we are talking about next year, nominal gdp, maybe it will be 7%, 9%, inflation plus real growth so if you are saying 3 to 5% over the next three years, maybe that doesn't sound so great to investors who are expecting the economy to be hotter >> it seemed a little bit of an unwind there was a massive sell-off in the shorter maturities yiel

just like schwab. schwab! look forward to planning with schwab. >>> welcome back amazon giving its employees more flexibility to work from home even after offices begin to open next year. in a memo, the ceo said the company would leave it up to individual team directors to see how they come together some will come together to work in the office, some remotely and some a hybrid schedule it's a change from an earlier plan that most were expected to return to the office for at least three days a week beginning january 3rd. the ceo said a one size fits all policy didn't work for a company the size and scale of amazon cnbc's at work summit returns tomorrow with a packed line of executives you can register right now at cnbc events.com/worksummit and that conversation will be part of the discussion tomorrow. i'm going to be discussing this issue and more with we work. >>> in the wake of a cnbc investigation into stolen crypto cur currency, one trading platform boosted its customer service but many say that didn't go

look forward to planning with schwab. schwab! ♪♪ >>> that supply chain as out of date as it is right now is putting through more than ever we have seen an increase in the goods coming through but still not have kept up and acting as an honest broker with the private sector actors like at the white house today to identify short term steps to help ease the bottle necks and get the goods move i. >> transportation secretary put buttigieg who joined us yesterday. let's bring in ceo matthew shay. who joins us in a "closing bell" exclusive interview. shay was among those in attendance at the white house supply chain roundtable. good to see you. >> you too. >> do the moves of the white house 24/7 operations at the port of los angeles and long beach move the needle on these issues >> the important thing is the administration is playing a role to get the stakeholders together to engage in a conversation about solutions and something that i think is sorely needed. for our part retailers are putting through millions more containers than

like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. >>> cnbc's out with a all new america economic survey, to look at the debate over whether to impose vaccine mandates, especially on children awfully relevant, given the news of the day >> definitely is the cnbc all-american economic survey showing americans sharply divided on the issue of mandates at all and whether they should apply to children once vaccines ruproved for their use 49% of americans approve of vaccine mandate for kids under 18 compared to 43% opposed and 8% that are unsure. but 79% of democrats approving and just 23% of republicans. men and woemen differ by nine points with 53% of women in favor of a vaccine mandate for kids a 10-point difference between those in the west who favor them and those in the south that generally do not and starker differences when we look at just the parents these are smaller groups so, mar

just like schwab. schwab! look forward to planning with schwab. >>> welcome back to squawk bank of america just reporting and wilfred frost joins us with the numbers. >> nice numbers, nice beat here for bank of america. revenue 22.9 billion, the forecast was just under 22 billion. and eps 85 cents the forecast was for 71 cents. and there is a benefit on the provisions for bad loans line but it's smaller than j.p. mo morgan's at 624 million so less flattering of the bottom line beat than perhaps yesterday for j.p. morgan. the beats on fee income and net income net interest line came in at 11.2 billion, forecast was 7.6 j.p. morgan on that line was up about a percent year over year and they are seeing loan growth in a way that j.p. morgan was more guiding to seeing loan growth in the years ahead. strip out their ppp loans drawing down at this stage they saw 2.3% growth quarter over quarter. definitely focus on that the fee income side, also strong 11.7 billion the forecast was 11.11 and like j.p. morgan good on

like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. ever wonder how san francisco became the greenest big city in america? just ask the employee owners of recology. we built the recycling system from the ground up, helping san francisco become the first city in the country to have a universal recycling and composting program for residents and businesses. but it all starts with you. let's keep making a differene together. >>> today white house expected to announce plans aimed at solving bottlenecks. the president is also scheduled to immediate this afternoon with executives from companies like fedex, walmart and depot it's a growing list of decent supply-chain news, whether it's vietnam getting a bit better, toyota, malaysia, shipping rates on u.s./china coming off the highs. >> we'll hear from taiwan semi soon this is precisely what was needed the labor blamed the shippers and the rail

schwab gross 10% to 15%. coinbase has been growing well over 100% a year, closer to 1,000% a year for many years and i think you hit on the question, what does it look like going forward and we look at the adoption of crypto and the speed that it's getting adopted by both consumers as well as institutions and large money managers and we see an incredible growth opportunity in front of us. will there be some ups and downs with let's call them less well-backed coins like a doge coin or a shiba coin and you will see bumps in the road and at the same time the bitcoin, ethereum and all of these up and coming defy coins, coin is the best place to make the investments in these coins and we see massive network effects coming into the business. >> glen, it's scott wapner welcome to our program it's nice to see you again with all due respect on coinbase, i still can't get over the move we're seeing in naked wines in real time it's up nearly 27% on this mention. i've always thought of you as a pretty astute technology i

> just like schwab. schwab! look forward to planning with schwab. ♪♪ in boxing or any other business, one day, you're gonna take a hit you didn't see coming. do you stay down? or do you get up? [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪ leonard is coming back. some global market news for you today, shares of evergrande are on the rise after the chinese property developer reportedly made a key bond payment, the embattled company reportedly made the roughly $83 million payment today after missing it last month missing it last month triggered a 30-day grace period which was set to expire tomorrow f. they had missed that deadline, it would have injured formal default. you see the shares up 4 and a quarter percent. that's a gain of 11 cents. let's look at shares of chipotle, same store sales beating forecast, commerce returned to eating in restaurants and paid up for smoked brisket and menu items. it was the first interview with brian niccol they were able to pass the c

. >> td, schwab coming together. there's a huge opportunity to get in before they really take off again. >> farmer jim? >> pete's going to hear an echo from his "fast money" call last night. kinder morgan, still a lot of run to room, 6% dividend yield >> tx max, i think it's going higher >> thanks, everybody "the exchange" starts now. >>> thank you very much, scott hi, everybody. welcome to "the exchange." i'm kelly evans. ahead we have lower claims, lower inflation and much higher stocks the dow up 513 right now, better than expected data, giving investors a reason to buy. but is it too soon to put inflation fears aside in. >>> plus, one analyst got a first-hand look at just how low inventory is at places like t.j. maxx >>> and when things are in short supply, who gets the product we'll talk t

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look forward to planning with schwab. schwab! ♪♪ >>> welcome back to "squawk on the street." and i'm joined by scott gottlieb a man we don't hear from very often. just kidding in fact, board member of pfizer and offer of uncontrolled spread and former fda commissioner. nice to have you in person let start there. they may be able to see people behind you we're actually getting together at a conference in midtown people seem comfortable. why aren't they comfortable yet going to the office? >> they check vaccine status here, they're comcomefortable with people in the masks the fda is going to meet october 21st to discuss ages 5 to 11 vaccine and i think having an orally available drug to help keep them from getting more progressive symptoms, i think those are two psychological events a lot of people vaccinated, recognize the risk is low. they're unlikely to have a bad outcome from covid they're worried about bringing a infection back to their home, where they may have young kids or an older relative i think wider availability of diagnostic tests to make sure you're not carrying

look forward to planning with schwab. schwab! ♪♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> welcome back to "squack on the street." we're live from the milken institute global conference. good to see you. >> nice to see you >> you know, a great amount of talk at the conference about esg, sustainability. comes up all the time. many of the ceos and other participants talking about it in unest. what has it meant in terms of capital formation and flows a opportunity, i guess >> it's a big subject, thanks. and i'm doing a panel on esg in a little bit because i decided to take over the esg effort about three years ago. >> why did you do that >> i was seeing there's a lot of technologies, capital that was demanding esg but very few businesses or technologies that were at the stage of development to attract a lot of capital. so, there's been a lot of things i

look forward to planning with schwab. schwab! ♪♪ >>> bitcoin a little lower this morning. coming off the record week for inflows. as sec chair speak at a conference yesterday stresses the importance of invester protection for more, let's bring in the venture partner cofounder. good to see you again. >> good to be back >> you're making the point that we're seeing things like asset inflation and not so much random twe tweets from an elon musk, for example. >> that's right. the latest rally touching new all-time highs in bitcoin and etherium and many other crypto assetsute there. it's all based on real market forces and dynamics this time around it's not the same kind of spec speculative hype and apparently elon musk is tweeting something this week. personally, i don't know what that was that's an exciting development for the industry as a whole that we've come a long way in only six months, in terms of the foundation we've laid for this type of adoption and therefore, these types of rallies >> he is tweeting a bit about inflationary pressures, so is jack dorsey. a nice debat

look forward to planning with schwab. schwab! ♪♪ before we talk about tax-smart investing, what's new? -well, audrey's expecting... -twins! grandparents! we want to put money aside for them, so...change in plans. alright, let's see what we can adjust. ♪♪ we'd be closer to the twins. change in plans. okay. mom, are you painting again? you could sell these. lemme guess, change in plans? at fidelity, a change in plans is always part of the plan. >>> and a rough week for the broader market rocket lab up about 11% for the week the space company awarded a contract with the u.s. space force for development of the medium-lift neutron market under development. peter, great to have you back on show >> glad to be back >> so,ia just got awarded this 23 -- $24.3 million contract from the u.s. space force that puts you in this elite class of rocket makers, along side the likes of spacex. under this program, what does this money enable, in term oz of the development of this new neutron rocket >> it's focussed on the alpha stage of the l