amc is an opponent of this. he tried religious exemptions. we tried everything legally we could do. they fired our senior chaplain whose only job is to pray and help people and they fired him. it is not just the me thing. it is a we thing. union carpenters, everybody is pissed off. the a lot of turnout for something as small that i did, started a catalyst. people of higher ranks, military people, state senators. laura: the supreme court declined to hear a case involving a vaccine mandate challenge filed by maine healthcare workers. that the ruling on the merits, they just at this juncture one justice declined to hear the case. as of now no court for people like you at the highest level at least for vaccine mandates. where is this going to lead in your view? police forces across the country, hospitals across the country brag about we have 96% compliance at southwest airlines, you're not going to do the vaccine mandate. >> congratulations to them. a lot of doing it in the state of washington, pretty was all the sheriff's, that person was appointed instead of elected, they are not doin

you do a short sale, you basically can keep you short forever and that is destroying companies like amc, gamestop, the report says there is no evidence of that. it also says no evidence of a massive short squeeze, one company, one hedge fund went under because of the rise in shares of gamestop they were heavily short but it was not a massive, it was one company and not short squeeze is going on, if you're a small investor and you're looking to buy gme or amc because you think you're part of a short squeeze that will crush citadel and another hedge fund and make you a lot of money is the shares go up, buyer beware, the report says that did not happen then and it is probably not happening now. the tale of two reports, i do believe that gary gensler will push for market reforms but the report going to those explicitly. back to you. >> you have been all over the story, taking so much for the insight great to see you. coming up a new look at the white house reported efforts to resettle migrant children across new york. stay tuned. ♪ i've spent centuries evolving with the world. that's the

nine black people were gunned down at a bible study at the emanuel amc church. here's her chance to show the her people the steady leadership they need, right? no. two days later, with debates over whether to remove the confederate flag, she didn't want to go there, saying she was, quote, not doing that to the people of my state. here she is at a press conference three days later. >> we are here in a moment of unity in our state without ill will to say it's time to move the flag from the capitol ground. >> so she has flip floppedin on all sorts of issues. during the chaos of the impending withdrawal from afghanistan, "negotiating is like dealing with the devil." the guy who kicked off direct negotiations with the taliban, he wanted to invite them to the white house on september 11th. trump has presented a gold mine of flip-flopping opportunity for haley. in february after the january 6th insurrection that president trump and his allies incited we shade "we need to acknowledge he let us down. he went down a path he shouldn't have and we can't let that happen ever

there i did it listen to me, amc, they were 20% individual and 80% institutional. adam aaron flipped it. they're 80% individual, 20% institutional and that's how you go up 2,000%, david. that's how you do it. >> you heard it rehe got opening bell coming up next. >> announcer: the opening bell is brought to you by nuveen. a leader in income, alternatives and responsible investing. >> always fun to dig into piper sandler's teen survey. they say the firm on average, teens spend 32% of their daily video consumption on netflix which is a hardy number. it's down a touch from prior surveys. it was as high i think as 38 you really see some gains on hulu, other streamers, and cable tv is way back >> that survey, by the way, i find to be incredibly good because they spend a lot of time on snap. we've been talking about snap. it's the alternative to facebook maybe you could argue -- >> snap has a stock has had an incredible run it's up 158% this year >> advertisers have -- >> it's original view as a photo company is being embodied to a certain extent in terms of what they're

securities before the move they prohibited buying a number of so called meme stocks including gamestop and amc. this was highlighted by this internal chat message on january 27th where robin hood president said you wouldn't believe the convo had with citadel, total mess. joining me now former sec attorney. lisa, you know, all week ken griffin lied, trending on social media. might have broken some sort of record there. citadel securities in the meantime broke their silence with a series of tweets that i personally don't think helped their cause. you've had a chance to look at it. what are your thoughts? >> thanks, charles. yeah, it's pretty amazing when you see big sophisticated company like citadel respond to this kind of criticism. i mean, honestly, they stopped listening to their lawyers and started listening to their pr folks. the tweets don't really help. i absolutely a degree with you -- agree with you. lots of stuff that they are saying is, you know, vintage back from january, february of this year. it does not reflect the new information that just came out. so a little puzzling. >> char

you to think about, when you find a company to invest in, what do they tell you, not that one, not amc, gamestop. charles: right. >> this is my money. i believe in this company. i like this company. then they say you know what? you do what you want. you try to do what you want. then they take away the buy button. charles: before i let you to, they also say at these age they don't understand the risk. do you understand the risk of any stock going to zero, particularly one constantly under attack by so-called smart money? >> yes. so everyone who is watching this, i want you to understand as well. we want the sec we want finra, want all of these regulators have our back like they tell us, trust in them, want transparency all other things. we got to understand that we hope for the best but it is up to us to manage our money, to have proper risk management. any stock can go to zero particularly one you feel is being heavily manipulated. this doesn't mean it will but you got to understand the risk. that is so important. on twitter, there was a trending topic now. -- i got to bring it up. i w

so we think that the theater is not dead, the theater is live, and going to come back and we think amc's going to break even in terms of their firm rate come the first quarter of next year any time you pay a 10% current pay in this market and actually get paid 10%, that's a pretty good rate. >> bruce, very quickly, if you can, your view on hertz. >> hertz we also think has a lot of value we're a large shareholder in hertz. we think it's about 40% too cheap the equity when you look at the trades nine times ebitda, we think our company right now hertz is priced around six times. next year they're going to do probably a billion and a half dollars, and bottom line in earnings, and that's three times where they were coming into covid. and speaking about free times, also three times the margin. so it's a company based upon mobility they have mobility through technology to start delivering cars to your home or the location just in time, just like your uber driver might and you can take that car and leave. and we think it's a great business model we also, by the way, behind volkswagen are the se

does some of the need to focus exercises to include amc trends come and figure out the logistics side of ace question -- ace? >> short answer is yes in the long is that we are already doing that. it generates new supply chain challenges when you distribute in an unpredictable for the enemy predictable for us fashion , there is now a distribution and obviously if they are not busy doing rescue, they have a nominal capabilities to deliver airman and have a darn good node. the other folks we need to coordinate with our these special operators who have a unique skill set for showing up somewhere that is low signature and very professional and help us with getting in or getting out of a spot to refuel. to the question from josh, we are working well and we do recognize the logistics c2 challenge. the biggest one now is that we physically don't have enough combat calm to go around a major pacing theater with enough columns to do the c2 that we needed so we are working hard along those lines and i'm happy for josh to reach out to our fellows to help round out these questions. lt. gen. deptula

>> no, i would not i would not buy any movie theater stocks you do have amc. they're trying to really reach out to the younger generation, so maybe i could go with that, but not cinemark. >> breaking news coming. it's been a busy day for vaccine news not sure if this one's related but let's goat meg. >> reporter: the fda advisory committee just finned voting on whether the recommend the booster for the single dose j&j vaccine at least two months out from the first dose. unanimously, 19-0, recommending that folks who got a j&j dose -- everybody 18 plus, should get a booster at least two months out. a lot of committee was talking about this like it should have been a two-dose vaccine all along looking at the trial data they have seen j&j poxed it as a single dose vaccine essentially because we're in a pandemic. that will double supply. if you're looking at this as a two-dose vaccine you're cutting supply in half that said, they applied for a booster at two months and six months saying for folks at higher risk, maybe two months makes more sense and six months for

do you think one day wall street will jump in there with a buy recommendation on amc and gamestop? >> if they care about being right i would think so. charles: i don't know, my man, i couldn't resist. you know what? this idea that the individual investors are the dumb money, no one knows where these companies are going to be two, three, five, six years, down the road. in the case of crocs, all it took was a two year turnaround to be the strongest stock in the market today. charles: exactly. with it, it just shows how much it is changing. value can come from anywhere. it used to be purely fundamental but right now we're seeing a huge premium being paid on the value of community and that's why i think the ape nation is alive and strong. charles: i love hearing that. matt, talk to you again real soon. >> thank you. charles: folks, former president trump's media company will be going public via spac. well that spac taking off like a rocket ship. ii have a couple market pros whether this will save all the spacs and would you be a buyer? we'll be right back. ♪. (rhythmic electro rock m

, and i know you're going to want to stay tuned for this because charlie gasparino has adam aron of amc, i mean, with the whole sec report that is enraging the ape s, you've gotta watch this it is risk on as we kickoff the final hour of trade. investors pumped up by a slew of strong earnings driving them to pound the buy button the s&p and nasdaq looking to notch five straight wins their longest win streak in two months and the dow and the s&p are inching within points of new all-time highs. that meme s

and that would provide hope to those distributors with oscar bait releases theater chains, cinemark, amc are watching closely for indication of what is to come for this fall and winter the film does have a lot in its favor. why its release of any bond movie on over 15,000 screens it's the first bond to be shot in imax and only available in theaters and no simultaneous release and 14 brand partners including mega watches, and smirnoff vodka and those campaigns are valued at $1 15 million. so, don, will you be one of those that will go to see it this weekend >> not this weekend. the demographic that likes bond movies and also the demographic that can get vaccinated. this isn't a kids movie and you know, people want to have some fun. >> i saw a screening on monday night, and i have to say as soon as it started i had a feeling that it's something that you cannot re-create in your movie theater at home. we'll see what the numbers look like next week have a good weekend, guys. let's get to the half. >>> carl, thanks so much welcome to the halftime report i'm scott wapner and the jobs sxhis wha

space right now, that has a little bit more it has to do to get through 850, and we can't discount amc, but it has more work to do and needs to clear 40 and i'd be a lot more optimistic. charles: yeah, yeah, someone sent me a chart on twitter, i think there's an ascending triangle to your point on the cusp of a big technical buy. today, to this session, i think if we close higher and i think we might, ken, if we could close high, rally into the close, the high of the session would that for you be a buy signal? >> i like it. it's a good setup. think about it sometimes you come into hot into earnings, we get disappointment, high expectations, we're ripping into earnings all the d.c. dysfunction, it be nice to take that d.c. dysfunction put it on the back burner and let us breathe a little bit and let these technology companies the larger ones go out and beat estimates and i think the market today is getting that out a little bit charles. charles: i think so too we're seeing so-called value plays not really doing what they're supposed to do. michelle, ken that was a fantastic segment i ha

and amc entertainment ceo, adam aron the company embracing its meme stock status we'll ask the ceo what

rally up 5% in the last five days, but still underperforming the broader market this year don't miss amc ceo adam aron ghhe ocnbc umm, why is everyone... throwing things at me? look, as cfo it's my job to be ready for whatever's next. that's why i have my finance team, randomly hurl things at me. it's also why we use workday. it gives us insights, so we quickly pivot our strategy, people, planning, you name it. sorry, sir. i will aim straight at your next step. see that you do. would you like some coffee? workday. the finance, hr, and planning system for a changing world. ♪ in 2016, i was working at the amazon warehouse when my brother passed away. and a couple of years later, my mother passed away. after taking care of them, i knew that i really wanted to become a nurse. amazon helped me with training and tuition. today, i'm a medical assistant and i'm studying to become a registered nurse. in filipino: you'll always be in my heart. s. >>> welcome back to "techcheck." i'm carl quintanilla with deirdra bosa and jon fortt got some chinese tech in there as well as docusign and adobe. s&p

portfolio and in case you've been wrong about something you could be right about something, but the amc and the gamestop stuff that we witnessed over the last year, you could still be theoretically right about it not saying that you're involved in these companies at all and using them as the broader example. you could be 100% right in the fundamental thesis about names like that, and yet you may not be wrong the stocks may trade higher as the result of wall street bets or any of those messageboards or a herd mentality that gets behind it. has that episode specifically impacted you at all in the way you think about and talk about your shorts publicly >> well, the way i would characterize it is, you know, we continue to believe that stocks have something to do with the profit, earnings, and the cash flows and assets of the company, but we are in a period right now where the market has taken a points of view that the stock is worth whatever the market says that it's worth and that could be completely disconnected from any assets so in one sense we can have something like greenberg partners

. >> there been a viral event in q3 there wasn't a gamestop or amc. >> analysts said this social media stock market interaction or crypto interaction is not going away but it's just not predictable. this is going to continue to be a tail wind for robinhood. there will be more viral events we don't know what they are. >> this quarter are investors look for the diversifying revenue stream we know that robinhood is trying to sell different, more financial products take advantage of the huge, young user base but at the same time they have competition you broke the news of paypal's venmo getting into stock trading. >> that's a big one to watch mix of revenue whether it's equities or crypto payment order flow how much is still making up robinhood's revenue and other subscription based revenue or any other financial services coming in to supplement payment order flow. robinhood executives said we don't think it will be ban and if it is we'll find another way to make money. the crypto side the rebates are make up a big portion. >> we have that call on coin this morning and now robinhood moneti

let me ask you, you didn't like the way adam aaron was running vail what do you think he's doing at amc theaters >> um, i don't follow it very much i spoke with him i guess a month or two ago and what i didn't like about vail, he was taking the money he was making on the mountain and spending it on hotels outside of vail if i wanted to buy hotels outside of vail, i don't need you to do it i need you to invest in vail that's what i didn't like about that and for -- for amc, i don't know >> not one you follow closely? >> if you buy popcorn, you buy the stock, they let you buy popcorn for free i don't know he's a really -- very smart guy. >> ron, less of an investing question and more of a policy question, hoping you would weigh in, you've had an enormous amount of success and we often call you a billion investor, what do you think of this new tax plan that could tax unrealized gains i don't know if you would be one of the 700 or not, but elon musk surely would be. >> it feels like the -- like congress thinks that they're robinhood from the old days, and it feels like the elon musk tax bil

look at amc, they're down a bit this morning, down a quarter percent. is it true to say that people are going back to the movies? >> this is a big deal. you like talking about the reopening theme and people getting back to normal, and that's exactly what happened. i think the reddit, wall street betses and apes crowd probably likes this news because you saw a record pandemic weekend, $90 million north american box office debut for venom 2, let there be carnage. not for your demographic, probably -- [laughter] apparently, the reviews weren't that great. anyway, biggest opening weekend since covid, and amc says internationally it's the new james bond no time to die helped out. by the way, what are you doing next year, because this is daniel carol's last james -- craig's last james bond movie. fyi -- [laughter] stuart: the bond movie has not yet been released in the united states. elsewhere in the world but not here. >> venom 2 outperforming. stuart: all right. another group which we always need to keep in touch with, and that's chinese tech companies. the

. >> yes i do say amc is over valued. >> the oil -- it's the oils. the semis keep going down, the oils up. starting to get me aggravated. tonight we are switching directions and have ibm, fresh off their analyst meeting. >> you always have great guests. >> thank you paychecks because the business there is on -- i'm talking about being on fire. and then mccormick the business on fire but nobody cares because the raw costs are going up so much raw costs, david inflationary >> yep. >> the bofa note over the weekend. things that don't have a supply chain. >> gaming. >> cloud. >> software, enterprise. >> i think that salesforce is a buy here down. i've been behind salesforce as long as i've been behind facebook. >> but not turning on salesforce >> no! you see salesforce is -- facebook i just feel like that they -- like twitter. >> benioff. >> they have to sacrifice -- >> so big. he would eat you if you did that he would literally eat you. >> came up to me having dinner outside mr. chow's, said i love you at ford. he said my name is -- ford, like the linco

. >>> later, shares of amc in rally mode we spotted unusual options activity we will break down the option. >>> the biotec

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 has topped $100 million two consecutive weekends since before the pandemic so the box office is coming back but perhaps just a little bit slower than some had hoped why you saw the movie? >> of course i would say similar to the box office numbers, very, very high hopes. fractionally disappointing because the hopes were so astronomically high and the best film of a long time and 4 out of 5. i still daniel craig's tenure is stunning i just put "casino royale" ahead as the best and it was awesome very, very enjoyable i don't want to go into the reasons because otherwise i'll give spoilers but it was really very good. >> i talked about it i haven't seen it and could only share so much without ruining it are there other movies that could be that big box office win to come an

. >> reporter: the settlement the 2015 shooting at mother emanuel amc church in charleston, south carolina. 20-year-old dylann roof was welcomed when he walked in during bible study, but he opened fire killing nine people and later confessed saying he acted in hopes of uniting a race war. the family sued after the fib background system failed to fight a conviction in roof's record, one that should have blocked his purchase of the gun he used. james comey, director at the time said we're all sick this happened. thursday, lawyers for the 14 people who sued said the justice department agreed to settle. >> we cannot bring back those nine victims. we cannot erase the scars that those survivors have. but what we do here today as lawyers and these families is we say we stand on justice. >> reporter: the government will pay a total of $25 million tort five survivors and $63 million to the families of those killed. $88 million in total. the families say that is symbolically important since 88 is a white supremacist code one that dylann roof wore on his shoes. >> african-americans cannot always seek

to that i think you'll hear about the merchandise, and yes, going to the movies, adam aaron -- he's amc. i think the world of this stock now. it's made its deuce. obviously it peaked early this year >> i say -- and then there was in question about indian numbers -- boy, was that a sleeper? this is going to become a standard name for big institutions if they think that the delta variant is under control. >> yeah, sure, people say, yeah, i own disney, it's going to be like that after a hiatus >> we do have an opening bell coming up less than five minutes from now more "squawk on the street", we're coming right back. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our invest

that was a report on the whole frenzy back in january where a bunch of stocks -- amce gamestop, where these stocks went crazy, parabolic. robinhood had to halt trading. there was all this talk about potential short squeezes and naked shorting and people trading in dark pools to manipulate the price. the sec report, sec investigated all those charges. people thought that gary gensler was going to use this report essentially to enact his type of market changes, market structure changes, maybe end the practice of payment for order flow, maybe push all trading into the major stock exchanges. the problem he has, and i'm picking this up from major market executives who follow this stuff and talk to people in washington, is that the report's conclusions came out bit pretty benign. they found no major problem with naked short selling or payment for order flow. maybe more disclosure is needed. they found no major problems, it was not in the report about how these dark pools, these other exchanges which are different than the new york stock exchange, they think use of those is hurting the small

amc cares h shares have been moving much higher.

you have your stock market investors, you have your young amc-reddit type investors, and then you have the crypto type investors, and a lot of them don't have experience in more tradition always. neil: yeah. they want a payday real fast. >> and it's volatile -- neil: very volatile. >> every 40 days there's a bitcoin correction. neil: not for the faint of heart. >> -- come in and buy the dip and, hopefully, make some money. neil: or not end up being a dip. lauren, thank you very much. lauren simonetti on that. meanwhile, a lot of concerns about how the holiday shopping season will sort out. we're telling you about the shortage of stuff urn your tree because of delays and disruptions and then, of course, we were covering the fact that we might not even have enough trees themselves to put gifts under. and now compounded by a shortage of chips that could make almost anything electronic look like a dream than a reality, grady trimble following it all in glenview, illinois. hey, grady. >> reporter: hey, neil. prices are going up and certain products are harder to come by. we're talking about

poke fun at big finance, whole amc debacle. big pizza. i launched a frozen pizza. a lot of people don't like me. you never know the algorithm. dark secret. witchcraft. stuart: do you have any theories, any thoughts on the facebook major outage? >> i mean when you're that big of a company haven't had an outage in so long. i don't think there is anything beyond they had some tech issues. that old line with mark zuckerberg in the original social network, facebook can't be downed. shows how big they are because the entire world is freaking out. stuart: would you regulate them in any way? >> i don't know. i mean, i generally don't like regulation. i do agree, i heard the segment before they do have a lot of competition. there is new competition all the time. tiktok, snapchat, you name it. they let them buy instagram. i don't really think they should be regulated to be honest. there is always crying and people will always cry about something. so this is just the latest in a long line f you're not complain about facebook it will be something else. stuart: okay. jpmorgan,

you got the gamestopper, the apes, the amc guys >> yeah. >> and the gamification. you said let it fly, baby. >> yeah. >> we want free commissions because it's dmauk tizing everything is that what you're saying with this >> first of all, what i'm saying i remember when i first got out of college, when i first worked in finance and when i finally had enough money to buy a few shares of stocks, i was appalled how much i had to pay in commissions. a very modest purchase, would easily cost me $100 or more. today, an american of modest means can buy stocks and pay no commission we've dmauk tized our markets enormously we've had a massive increase in the percentage of americans that are investors, that is good for them and payment forward flow is one factor technology is a big part of it as well. but this is a mechanism that has helped consumers have no cost trading and it has helped innovators so, new platforms have been able to come in existence small companies have been able to develop some market share so, i'm asking the question of the s.e.c., what's wrong with this

brian: i'm still waiting for my amc pacer to get delivered now they have no chips in that, right? i think spark plugs. steve: i remember wayne's world, i think there were chips, but they were pringles. brian: it's hard to get a new one, they just aren't making them as quick. it's fascinate together see because if the president came out to talk about a three year plan rather than a three minute plan, listen within three years we'll be making chips enough to sustain ourselves we would understand that. there's so many things the ppe and everything else within three years we'll have all of the manufacturing gear. it doesn't have to be, yesterday i called up fedex and we're going to have to find a way to unload the ships. what about some type of vision? you got four years. a vision plan. ainsley: let's hand it over to jillian with headlines. jillian: good morning, to you. let's go ahead and begin with this story out of chicago. police make an arrest in the killing of a seven-year-old girl, authorities charging first degree murder as well as tempted murder, she and her little sister com