he has compelling evidence about what went down at american express. he started to look at other companies, and i think, the positive that's coming out of this , is that these corporate inclusion diversity training seminars are going to be more inclusive and less divisive, liz, and i think that's a good thing. back to you. i don't know if it's expecting the stock though, that's a whole other question. liz: we're a business network, people get their politics elsewhere, i just think it's really important to tell the story, charlie, and also, in the end, these are companies, yes, they are publicly traded but they are not government-run, they can run their businesses anyway they want. charlie: and but the problem is, liz, they are getting a backlash from their employees too. that's the whole thing. this is a big business story. you know what's going on in the world. how do you dramatize that inside your company without with being inclusive as opposed to diversity? liz: better to be not divisive, we're all hoping to get along charlie gasparino, thank you ve

i canceled my american express card. it's a simple personal thing that we can do but that's something that all of us can do as consumers is look at this and say we don't accept it, right? this is -- for the vast majority of the american people, this is unacceptable. jason, great stuff. thank you very much for being with me. >> thank you, tammy. >> tammy: now, don't go anywhere, anybody. rachel campos-duffy is here and she is going on the clock next. ♪ ♪ this is the greatest idea you'll ever hear. okay, it's an app that compares hundreds of travel sites for hotels and cars and vacation rentals like kayak does for flights. so it's kayak. yeah, like kayak. why don't you just call it kayak. i'm calling it... canoe. compare hundreds of travel sites for thousands of trips. kayak. search one and done. compare hundreds of travel sites for thousands of trips. oh my, with chase freedom unlimited, i earn all this cash back? oh, i gotta tell everyone. hey rita, you can earn 3% on dining, including takeout! bon appetit. hey kim,

express you see, here's the problem though i had hoped to save american express for stock trading. but now that it was out -- now that i mention it, got to toss it out that puts my brain into overdrive. i nam now frantic when carl turs to me and says, jim, what are you going see for stock trading? i'm out of bullets earlier today. best buy was a best idea that was the perfect place to end the show i have net with best buy ceo who has spent a fortune making sure that the store can handle any supply chain interruptions she did it well before what happened now st that is foresight that plus best buy's got incredible new services including what amounts to your own personal i.t. department when you work from home. the stock rallies $5 and aided by the delta variant peaked. so the great reopening trade is back on. yes! we're going not with travel and leisure. couldn't do american express go to micron that stays in the picture. and then best buy turns out to be my -- this was my stop trading. well, my handwriting is so bad trust me, when i say that this is my stop trading and this is my m

bank of america, goldman and morgan stanley and american express and blackstone but you have a new buy and that's sofi you must agree that you want more financials exposure here. >> yeah. without question of the last six weeks i've been on the show talking every appearance about adding to financial exposure for the exact reason that the possibility would exist that yields are going rise until the end of the year. yields will rise, growth will be challenged, that should be your expectation. i agree. you don't get out of growth names. expect that growth will have muted performance relative to the re-opening trades and financials are a part of that. i love financials overall as a sector i believe they offer something very compelling, that energy and materials might not offer and that's really the domestic exposure and the strength of a balance sheet and i really suspect that with the consumer and corporate behavior it's only going to acceleratein a re-opening environment that's going benefit financials sofi is a name i added recently. we all know the fundamental story surrounding this com

the president of ibm, american express, pan american, chase manhattan bank. the kids on the street need money, they need his help, they need his influence, they need his concern, they need his involvement. there is an incredible amount of potential being wasted in harlem. he is reading a man child in the promised land which is a story of a guy who grew up in harlem. it's the stories of the streets written by a black man about black people. >> what you think the guys trying to tell you here? what he think the authors trying to do? >> well, he read what happened in this life. i guess that's what i like them. >> he has the same troubles customer. >> yes. >> a lot of the songs are familiar? >> yes. >> which ones? >> which are the ones the most familiar to you? [inaudible] a lot of that was going on here. thought it was an air raid, so he went in his mother found him hidden. >> you remember this really well. you remember everything you ever read. you never did read a book like this before customer. >> no not like this. >> what you think is the big difference? >> b

>> american express. i think this is just the beginning of an up trend a lot more expenditures for business travel and consumer going out. >> mr. najarian? >> i'm going to give you occidental i'd always rather be in the individual names i think this one's going a lot higher >> j.b.? >> live nation there are very few triple tops in this market and almost no quadruple tops 92 has been resistance challenging 92 right here. hopefully this is the time she breaks through i'm long, i love it it >> thanks, everybody "the exchange" starts right now. ♪ >>> thank you very much, scott hi, everybody. i'm kelly evans. and here's what's ahead today. stocks are popping, bond yields are ripping higher is it the fed, china, the spending framework democrats reached an gragreement on this morning? and should investors trade this or fade it >>> plus, niche green flying machine that can rally near 50%. we have the name and the analyst behind the call.

how do you play it well, the logical place is the retailers they mentioned, but i'll say american express. now i know you're going to say leverage travel, you are correct. but i think that's in the price right now. the stock has sold off on the 179 high got an upgrade today from bank of america from underperform to neutral. just a matter of time before they go to a buy 16 times is cheap. i think you buy american express into this ho, ho, ho holiday season >> like what you did there guy brings up an interesting notion that is the competition that retail has in terms of where consumers spend their money when they've been locked down for so long and travel sort of came and went over the summer fizzled because of the delta variant, but could we see travel in other sort of entertainment be competition for retailers >> you know, i think that there's been a major itch scratched and while you know, guy sees he miser, i see snow miser. i think you've got folks that are going to settle into the holiday season and be spending, spending, spending while i think you've priced in a lot, i think the numb

so i said ichiro, what is your favorite american expression? he waved off the interpreter, and this is what he said. >> ( laughs ) ( sighs ) "august, in kansas city, is hotter than two rats ( bleep ) in a wool sock." ( laughter ) that's my favorite. ( applause ) >> stephen: august in kansas city is hotter than two rats ( bleep ) in a wool sock. >> that's correct. which actually is true, if you've ever been to kansas city in august. >> stephen: sure. >> and after the laughter from me and the crew had subsided, his postscript of that was also in english. "i have a bad teammates." ( laughter ) and so, i then have to tell him they're even worse than you think-- because ichiro, there is no such expression as that. ( laughter ) >> stephen: well, you've had amazing interview shows over the years, a host of them. now you've got "back on the record with bob costas" on hbo starting july 30. what is "going back on the record," bob costas? what can we expect? >> we're not reinventing the wheel. the first show that i had for was n the stephen: sure. >> now

keep an eye on that and also american express is down from its recent highs. >>> the summer travel surge may be slowing down. tsa screenings hit their lowest level since may. what does it mean for airline stocks >>> first an earnings alert on broadcom that stock on the move after the conference call is now under way. we'll have more on that next we're live from the nasdaq market site in timesque. asmoney" is back in two. need a s 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. another day, another chance. make the most of it with the network that can deliver gig speeds to the most businesses. and get the advanced cybersecurity solutions you need with comcast business securi

and, and the fact that you had the american expressing concern about how you mandatory and why it's going to be made. how humanitarian aid was going to continue to get into felt that at such a critical time. and now that this, why did they get off and landed here the 1st such to do so, since the evacuations were complete, this is something that's really going to raise a lot of questions as to how much more this is going to be done in the, in the next few days, how many more people are going to be transported, how many more people are going to be landing here in transit to other destinations and a hammer then as we looking at those live pages, now, the passengers, few passengers beginning to disembark, now form that cutaway ways across in recent days, mohammed, there has been this standoff between the taliban and the, the organizes of the several charter plains who had hope to, to evacuate foreigners, particularly americans. and that's something that the us secretary state had spoken up about getting, getting the rest of their citizens out and at risk afghans as well. from, from the airpor

express. i'm terrified. a kid from jersey. what the heck am i doing here. the next day after a meeting, i was stuttering. called into his office and said, little nervous and you think. basically said something to me that's been helpful during this process. he said, those people are at the top of their game. they are the best in their field and so are you. and more importantly, they want what you're about to give them which is to build a museum. view yourself an equal. each one was different. quincy jones, huge house in beverly hills and there's oscars and emmys laying on the ground. oh, my god, quincy jones and finishing up the meeting and it was somebody from sweden and i had just come back from sweden. you know, i really love sweden and there's a museum i love which is about a ship that sank. quincy jones was like, wait a minute. you know that, that's my favorite museum in the world. he opened a closet and had a swine cost museum. we began to sort of have this conversation. second was this i

many americans expressing disappointment the president while claiming to take responsibility for what went wrong with that evacuation instead deflected blame even blaming those americans that got left behind and suggesting that they didn't heed the warnings to evacuate soon enough. and so this is frustrated so many that the president, eager to silence his critics, is instead trying to quickly turn the page in that speech announcing that there would be sort of a new type of foreign policy with respect to american conflicts in the future that the conflicts may take a different shape and form, for example, fighting cyber crime and confronting the new threats and meeting them where they are. for example, the president suggesting russia and china and also the afghanistan is no longer the place that threatens the united states. but there are areas like where there is as forms of extremism in the arabian peninsula, somalia, syria, that these are the new concerns of the united states. so it was clear that the president was trying to move on the end to now to less intervention as policy for th

we have to watch delta so that's why i think actually next year sets up quite well for american express, since this was a very heavy investment year for the company. i these expenses will come down next year, revenue should go higher, and that's operating leverage by definition i'm comfort with amex here >> mike, in terms of the other parts of the financial system, does it suggest that other big incumbents are due a bigger multiple >> it's hard to know if they're going to look at the huge financials that do have technology that's suited to participate in the next phase of payments or whatever else, and feel like the market will bestow a higher multiple. of course, it's also, you know, a lender and it's leveraged to spending volumes much more directly i don't know that that's the best, but overall the traditional financials have held up better than you might have expe expected so i don't think it's necessarily about an either/or >> about 90 seconds left, mike internals? >> yeah, somewhat mixed but still positive, the volume split right now, it's about 2 to 1 to the positive side. underli

express. i'm terrified. a kid from jersey. what the heck am i doing here. the next day after a meeting, i was stuttering. called into his office and said, little nervous and you think. basically said something to me that's been helpful during this process. he said, those people are at the top of their game. they are the best in their field and so are you. and more importantly, they want what you're about to give them which is to build a museum. view yourself an equal. each one was different. quincy jones, huge house in beverly hills and there's oscars and emmys laying on the ground. oh, my god, quincy jones and finishing up the meeting and it was somebody from sweden and i had just come back from sweden. you know, i really love sweden and there's a museum i love which is about a ship that sank. quincy jones was like, wait a minute. you know that, that's my favorite museum in the world. he opened a closet and had a swine cost museum. we began to sort of have this conversation. second was this i

smoke and we went to american express building and came out the other side. all the windows had been blown out and you can finally see all the collapse, all the material from the two towers that had been in the collapse and the other pieces in the air. it was overwhelming at the time and then we broke into our small groups and we started searching for survivers. arthel: what visions or smell or emotions lingered in the days, the weeks, and years after that, jim? >> at first it's overwhelming. i remember i had been to the world strayed -- world trade center plaza and now to see it all collapse and bridges collapse, it's a bit overwhelming. the magnitude of the disaster and you could smell the smoke as well as the other material and very active smell and walking around and kicked the dust up in the air and that got and consumed a lot of that stuff and really haven't had the same sensory experience since then but you think about it. it's burned into your memory at least for everybody. arthel: i can tell just when you're recalling the story for us just now, i can

american express up .8%, upgraded over bank of america. not an overwhelming share, but another perform on better risk reward and valuations. discover going along with that in then you see the airlines higher. guy: great stuff. thanks very much. a bunch of stop -- a bunch of stuff happening over the next 24 hours. i'm focused on the university of michigan data. we'll be speaking to richard curtin who pulls the whole thing together. alix: this and nfib are my desert market indicators. that is why what -- that is what i want to be on a desert island with. we are headed to dab digital radio. this is bloomberg. ♪ total gym includes everything you need to get into the best shape of your life. for every body at any age. it works every muscle group, including your core, using your own body weight as resistance. customers love total gym because it's fun, fast and effective. nothing delivers full body results like total gym. and right now you can try it risk free and enjoy special savings too! get on demand workouts free, free shipping and more. c

, this is a company known as american express saying how bad america is if you can get your hands around that. for all our faults we have a lot of faults that we need to better but there's a lot of good and a lot of reasons to come together, that's a theory going forward and for stories that are published at the manhattan institute website, i put several calls understating it, and something to react, he is documentary evidence which i've seen about the seminars. they have not commented they refused to comment i am sending them e-mails every other day calling them up, they obviously have their head on the desk not wanting this to go away i don't think it will go away, we live in a difficult era, we should have an open dialogue of what's wrong with this country, the question is in the corporate training seminars do you do stuff the underscore differences as opposed to bring people together and that's what wall street is grappling with the crt stuff is on the way out from what i understand. neil: thank you very much, in the meantime nasdaq selloff it's come back a little bit not so much the

express. i'm terrified. i'm a kid from jersey. what the heck am i doing here? so the next day after the meeting, because i didn't do very well, i was like stutterin stuttering, -- called it his office and said you looked a a little nervous. i said, you think? basically he says something to be that has been so helpful during this process. he said those people are at the top of their game, the best in their field. and so are you. and more importantly, they want what you are about to give them, which is to build the museum. so view yourself as the equal. it made me realize that if i glad i could learn how to work with them but each one was different. quincy jones, i'll tell you the quincy jones story, it's the best. i saw quincy jones the very first time come huge house in beverly hills and you walk in and there's like oscars in amy's like laying on the ground. oh, my gosh, quincy jones. i was there early and he's finishing and meeting and introduced me to this person and it was somebody from swe

week to date is higher up 10% not a great week for credit card stocks look at visa and american express. down 3% just this week the two worst performing stocks on the dow credit card names not having a great start to the month of september. >>> to the other headlines this morning. kristina partsinevelos joining us with those. kristina >> good morning. you have japan's prime minister pushing forward with the ipo rather than september a merger offer from western digital kioxia was led by bank cap in 2019 it has a 40% stake in the chipmaker. >>> another company looking to vaccinate employees against covid. alaska airlines is giving employees $200 to get the jab. >>> and amazon launching its brand of tv in the u.s. next month. the tv has been in the works for nearly two years the device will be manufactured by a third party and powered by alexa and have a screen size in the range of 55 to 75 inches i do know they launched this tv in india this is not the first time getting into the hardware business >> do you know anything that amazon cannot do, kristina the only thing left is a wearable >>

express bought resy back in 2019, and since then has launched exclusive deals for its amex measures. when i mention a banking deal, you always think it will be a small irbank, but to get into the lifestyle side of thing is something you don't obvious hear a company lie jpmorgan chase getting into an interesting move higher >> so they would presumably offer some kind of deal to high-end cardholders >> it could be the entry point with 'members, amex has been known for some of those benefits, with their gold card or platinum card members or black or onyx card members what it interestingly does is give you an point of relationship building that customers have chase is known for the sapphire credit card, the high reserve cards. if you can somehow take that ecosystem and wrap it around finer dining establishments, that could provide that real runway to get people more sticky in your banking system. >> i also wonder, as the world goes more fintech if they're finding more ways to compete you know, you wonder. >> i also wondering whether or not the data provided by people going to booking res

express, and so forth. >> i want to make sure people understand this is not a software platform. this is a family of software platforms. they're up against salesforce. i don't know if i want to touch this one the fact is you've got multiple buzze buzzes going and they're growing very well. >> yeah, the simple practice solution has over 110,000 clinicians using the solution. and literally healing the world one patient at a time. through mental health professionals, you know, social workers, marriage counsellors, substance abuse therapists, psychologists, but also physical therapists, nutritionists, dieticians, very large group of speech language pathologists and really they're doing bsh we're eliminating their administrative burdens and a a. loug them to focus on their customers and their clients and giving them gift of time to focus on the business without the paperwork everything from patient intake through setting up appointments online through the electronic health records and insurance claims, billing and collections, 100% paperless >> now what happens with the money you get,

more companies including microsoft and american express are delaying their return to office and hiring slow dramatically in august. fredricka, president biden is clearly taking action to save lives, but make no mistake, these steps are also designed to boost the recovery that is losing momentum. >> matt 'beegan, thank you so m for that. >>> several lawmakers claim the mandate is government overreach and call it unconstitutional and some are vowing to challenge it in court. a former federal prosecutor and defense attorney. always good to see you. is this vaccine mandate constitutional? will it hold up in court? >> i think it will, fredricka, which certainly doesn't mean it won't be challenged in court, but it's a very smart legal move on the part of the biden administration to use the osha emergency regulations because it's a workplace safety issue for the employees. now, unfortunately, osha has not had a great track record in court. over the last 30 years, they've only done about nine of them emergency rules and some six of them were actually successfully challenged in court, but i thi

american express said they would delay until police or january. we have been talking about return to office since last fall. so many starts and stops, and i think at this point it is becoming clear that the virus is going to be with us for a long time, there is never going to be a clear starting point of getting people back. at this point companies like microsoft are saying, ok, we can't give you a firm date. rather than stopping and starting and giving you dates and making plans and going back on it, it is better to see whether trajectory of this goes and give you enough time to, back when it looks like hopefully we are coming to the tail end of this and it is safe. that is part of the reason that companies are delaying until january. it gives a longer window of time, and you are seeing a stark divide between companies pushing things back vs. those getting back now. emily: when it comes to boosters, the president punted that to the cdc and fda, acknowledged there has been some confusion around that. jodi, what is next here? what does tomorrow bri

now on the flip side, american express was planning to each its offices here in the u.s. middle of next month. that has now been delayed late january at the earliest and microsoft also planning to open offices next month. they have delayed that plan indefinitely. why? the delta variant and the rampant spread it is causing. jake? >> nick watt, thank you so much. cnn's chief medical correspondent dr. sanjay gupta joins us now. san >>> as i recall in july when the biden administration announced that all military personnel and everyone he worked with at the v.a. would be required to get a vaccine, you and i discussed how they should just require them for every federal employee. what other steps do you think biden is going to be announcing a month down the road that you would recommend that he take right now? >> yeah, right. that's a good point. why wait for some of these things. i think that, you know, from nick and jeff, you get a little bit of a preview of things that i think are important to announce now. you know, the businesses of 100 employees or more, that could make a

american express told employee it is won't fully reopen until late june of 2022. the company had planned for a return back on october 11. and microsoft is scrapping its october plan to reopen u.s. offices as well. they haven't set a new date but pledged to give its workers 30 days notice. >>> in four days voters head to the polls in california to decide whether democratic governor newsom can keep his job. he is facing an uphill battle. here is lucy kafanov. >> reporter: in one of the country's bluest states, one county is a rare bastion of red. it may be less than two hours north of hollywood by car, but the city of bakersfield is on the other side of the spectrum politically. >> newsom out, elder in. >> reporter: it is where you would find the last woolworths counter, sharing up burgers, shake and nostalgia. >> california was once a nice place. governor newsom says a lot of things but he does all bad things. >> reporter: and when it comes to governor newsom, some. >> referee: of the diners have had their fill. >> if there is not a change, we're leaving the state.

maybe somebody like american express. we would like to see amex get into the market more actively through the acquisition. they're doing some of it organically but we would like to see them expose that. chase would be another candidate because chase has in the past fiddled around with chase pay, which was a checkout button model of their own. charles: i think they better do something quick. i have got 30 seconds. let me squeeze this in. i looked into your background which is obviously really phenomenal. your training as a technologist. b-of-a put out 14 technologies. human, green technology. you know how to put these thoughts into engineering and make them a reality. how close is any of this stuff to coming to reality, to fruition? >> yeah. it's a fascinating list for sure. and you know, some of them probably more things like a.i., elements of a.i., artificial intelligence are on the list. things like the 6 g networks. those are certainly nearer term. charles: right. >> i felt like a big omission from the list was frankly

express continue to be those back end rails, the back end plumbing that really win. but that said, with this amount of innovation and disruption, we are watching of course very closely just whether or not there will be some -- so far so good, but whether or not there will be some komdty zags issues or potentially some substitute ways of paying that could creep into the system. any period of disruption like this you're going to be watching very closely, but so far so good for visa and mastercard. and keep in mind they continue to be two of our top picks because they are huge recovery plays on the still pending recovery in travel across international travel >> i hear a creeping note of caution in your voice. i can't dismiss it it's great to have you here today. we do appreciate it. >> thanks, kelly >> lisa ellis. >>> coming up, bank of america is shaking up itsc suite we've got the details and whether a successor for brian moynihan is in place >>> is transitory the new normal with index posting the biggest gain on record, we will debate that straight ahead on "the exch

express. i'm terrified. i'm a kid from jersey. what the heck am i doing here? so the next day after the meeting, because i didn't do very well, i was like stutterin stuttering, -- called it his office and said you looked a a little nervous. i said, you think? basically he says something to be that has been so helpful during this process. he said those people are at the top of their game, the best in their field. and so are you. and more importantly, they want what you are about to give them, which is to build the museum. so view yourself as the equal. it made me realize that if i glad i could learn how to work with them but each one was different. quincy jones, i'll tell you the quincy jones story, it's the best. i saw quincy jones the very first time come huge house in beverly hills and you walk in and there's like oscars in amy's like laying on the ground. oh, my gosh, quincy jones. i was there early and he's finishing and meeting and introduced me to this person and it was somebody from swe

like american express was there, like (indistinct), and mary lynch. there was a lot of people downtown. - [narrator] on the morning of 9/11, all the phone calls made from a trading room floor at one world financial were recorded in real time during the attack on the world trade center. - working in finance at the time, we knew all of our phone calls were recorded. - above us was these wires that were hanging, and they would record the overall ambiance of what was going on the room. (phone ringing) - [unidentified woman] (indistinct). - [lynne] hi, thanks. how are you? (indistinct)? - [unidentified woman] no. - [lynne] all right. (gasp) what was that? i'm going, goodbye. goodbye. - [unidentified man] (indistinct). oh my god. (indistinct). - [unidentified man] there's an explosion in the other one that hadn't got hit. the (beep) second building just blew. (phone ringing) - [george] (indistinct). - [michael] hey, who is this? - [george] it's george. - [michael] george, this is palazzi. did another plane just go in a second plane? i'm watching it on the t

express, visa or master it is very inexpensive >> turning our attention to the call of the day. netflix hitting new highs. shares now up 17% in the past month and a new bullish call on the stock. atlantic equities raising its price target to $780 from 690. a new street high. also our call of the day joe, you just bought some last week >> i did and listen, i'll be candid i have nothing to do with fundamentals you've got a research firm now raises the target. they're reacting to the higher price. that's all they're doing but you had a stock that was in a significant consolidation range for multiple months. it was very similar when you pattern recognize it and you're looking at a factor and momentum to what we expeerrienced with amazon i believed it could go to 625, 650, but that's the spot where it will land you've reestablished positive momentum after a long period of consolidation and that's something that is sustainable over not just a couple of weeks, but should be sustainable over an extended period for multiple quarters >> pete, you also own some netflix calls. what's your t

in november and that's a positive you will have a return of corporate travel to me, american express is the best way that i can exhibit my belief in that occurring and a lot of this is about rotating and the volatility that we're seeing in the market and in terms of honeywell, it's a great company, but in the industrial sector, my view, based on the evidence is that the u.s. is leading the industrial recovery relative to the rest of the world. what did i do? i traded out of honeywell, and i purchased waste management, and the revenue exposure for waste management domestically here in the united states is significantly higher than honeywell, and also waste management carries a much lower beta than honeywell does and in the environment of this stormy september that's what i wanted. >> all right i appreciate you bringing us up-to-date let me get to ylan mui on the debt limit, another story we follow down in washington. ylan >> six former treasury secretaries are sending a letter to congressional leadership urging them to raise the debt limit as it continues to deepen. the treasury secre

express. we own visa, names that are industrials. we own health care companies like united health care, thermo-fisher. we think those are good companies priced well at this time we can buy them and feel good about it so, yeah, i mean, i agree that ray dalio does get paid not to own cash but i think he is correct. ifyou get paid nothing for the cash, why own it if there are opportunities out there? and we don't see a big correction coming. so, yeah, i think it's right to stay in the market >> here's the problem, joe you can be positive the market but you can look -- abwe've said it almost every day -- you're not going to get the correction of mike wilson, for example of 10% and others who are calling for a correction unless you get a breakdown in the biggest tech stocks, the ones that jason snipe and kari and everybody owns the question is, joe, are those starting to break? facebook lowest level in two weeks. apple, trading down again following its event. now, i know you continue to get positiv

business returning to the office, including microsoft and american express. jim, i think all of this shows why president biden is taking these new vaccine steps. he clearly wants to protect workers from covid, but he also wants to boost an economic recovery that has lost some steam because of covid. >> exactly. those two issues very much connected. matt egan, thanks very much. >>> well, president biden's clear frustration with those who are not yet vaccinated was evident yesterday. is this plan, though, going to pass legal muster and legal challenges expected now? cnn's senior analyst joins me. ellie, you already have goenz saying they're going to challenge this in court. do they have a challenge? how will this workout in court? >> jim, certainly they have the power to make a challenge in court. but i think those challenges are unlikely to succeed on balance. going back to the founding of this country, one of the fundamental powers of government is to regulate public health, public safety. the supreme court various times over centuries have told us government

express will do nicely thank yo let me loose up your collar ♪ ♪ tell me do yo want to see me do the shimmy again ♪ [ cheers and applause ♪ ♪ ♪ all the men com in these place and they are all the same ♪ ♪ you don't loo at their faces and you don't ♪ ♪ ask their names i'm your private dance a dancer for money ♪ ♪ i'll do what yo want me to d just a private dancer ♪ ♪ dancer for mone and any old music will d i'll do what you ♪ ♪ want me to do just your private dancer dancer for money ♪ ♪ and any old music will do any ol music will do ♪ [ cheers and applause >> jimmy: oh, my goodness. oh, my goodness. that's how you do it adrienne warren. oh, my gosh. oh, my goodness. adrienne warren. that is how you do it. [ cheers and applause standing 'o,' well deserved. go see 12 time tony nominated "tina: the tina turner musical" re-opening on broadway october 8th. for tickets go to tinaonbroadway.com my thanks to kendall jenner, antoni porowski, adrienne warren, once again. [ cheers and applause from "tina: the tina turner musical. and, of course, the roots from p

remember the old american express commercials with karl malden. don't leave home without it. and being with the vaccination cart. that's right. the home without ad and currently what's in your wallet? it better be a vaccination card. thank you. well, haha and learn from you, james. right. one got washed. i know. so put it on your phone picture, at least. all right. we'll take a break. 9.10. is the time. coming up on the kron 4 morning news. new information about how effective masks are again spreading covid. >> we'll break down a new study conducted by stanford and u c berkeley. >> plus the supreme court refusing to block a new texas law that basically bans all abortions will tell you how it could impact california. scoot over. squeeze in. pull up a chair. ♪ because life's just better when you believe “there's always room for one more.” ♪ ritz. a taste of welcome. >> 9.13 right now checking out the weather and sure was nice yesterday short. yeah. today. >> not so much. but you know what? that's an ok thing because as the winds calm down here and that smoke starts to s

that's probably the biggest concern most americans are expressing today. they are paying more money for everything they are buying from gasoline to food at the grocery store. waiting months to get a microwave often if they are trying to -- oven if they are trying to upgrade their kitchen. he's going to bring a $5 billion tax and spend bill all masquerading as a infrastructure bill. people get it. that that will only increase inflation even more. who is going to get hit the hardest? it's going to be hardworking families. the lower income families. we had a number of markups, 12 different committees last week, had this package of bills come before the committee. over 160 hours of debate. probably close to 100 amendments brought forward to try to get rid of these taxes that will hurt families. one of them was the natural gas tax. president biden is trying to raise over $60 billion of new taxes on natural gas. i know during the campaign he promised people that if they made under $400,000 they wouldn't pay a dime in new taxes. the only problem is, president bid

we have assigned case management teams to each remaining american citizen who expressed it -- interested in leaving. as you know, starting in march, we sent 19 separate notices to american citizens in afghanistan, encouraging, then urging them to leave. most of the remaining american citizens are dual nationals whose home is afghanistan, and whose extended family lives there. it is no surprise that deciding whether or not to leave the place they call home is a wrenching decision. we are also in touch with the governors helping to let -- help at-risk people leave afghanistan. that was our allies, partners, there are a lot of complex issues to address and negotiate. we are working through them as quickly and methodically as possible. let me say a few words about those afghans who applied for or may be eligible for special immigrant visas. there have been questions about the backlog of sib applicants, and why more of them were not already out of afghanistan by the time the evacuation operation began. let me give you more context. when we took office, we inherited a backlog of more than 17,0

the financials, those are pulling back, now down 2.5% for the week capital one and american express. we have 59 minutes left to go in the session. then it's a three-day weekend. wilf. >>> coming up on the show today, the ceo of redfin joins us with new data plus brian deese on today's massive jobs miss and how the delta variant is weighing on the economic recovery. >>> but, first, let's focus in on the big stories mike santoli is tracking the action joining us to talk about it is annetta mar cowski, and mike set the stage for us this wrix it turned incredibly slow, still maintaining this orderly up trend, but really slowing down this week we spent the entire week between 45.20 and 45.50. a narrow range today it's been the large-growth stocks that have been supporting things, outperforming cyclicals, but it's not that profound if i was looking for something to be concerned about, it's probably that the big nasdaq stocks as a group are starting to look a bit extended and having the main support. if you do have softer economic data, that doesn't help you get a rotation into cyclicals, m

i still like american express for the reopen and you know wells fargo is a largest position i'm overweight financials. it's not been pretty but last couple of days nice. >> we have breaking news on the pfizer booster shots meg? >> hi, sara. we have the first of what would be several votes on the pfizer booster. this for people 65 plus and nursing home residents unanimously voting in favor of a booster 15-0 now going to other questions of for whom the fda recommended the boosters including people high risk of severe disease and jobs as caregivers. there might be more debate about those coming up. we'll let you know about those votes. people 65 plus and living in nursing homes unanimously yes for a pfizer booster folks with moderna and j&j have to wait. >> that's what i was going to ask. what's next up there's commit tees and a lot of government agencies meeting on the boosters what is the next one you're tracking >> yeah. so once we get through this process the fa is going to review moderna's application for a booster dose we don't know how long that will take they said they're working as f

so if our norwegian crews, you have to be vaccination nated so watch american express, this stock at 160, is a total play on -- >> yeah, i know. >> on people going out and spending david, the small bill g move is real >> they're facing the same issues, supply chain issues, that they have to get here and/or need a commodity. they're facing staffing issues, cost issues on all those commodities that they need to buy, if that's part of what they're doing. let me ask you something you have younger kids. >> not so young anymore, but younger than yours. >> yes. >> yeah. >> i was at one of my favorite restaurants, sunday, it was closed how about if you pay people a living wage? will they not show you don't want to make as much money? you're afraid of how much labor makes versus capital >> you're making a good point that's part of what the overall hope has been, that we would get wage increases >> pay people $25 an hour. now, $22 at the factories, i don't know, but $25, maybe pay them $30 so you don't earn as much. >> you're in the restaurant business, can you afford to charge -- >> no, absol

. >> speaking of all that spending, b of a today upgrades american express to neutral from underperform we view risk reward as balanced, a few negative catalysts on the horizon. it has underperformed by almost 700 basis points since the beginning of august. >> it's been a good time to be on the sidelines for it, and it makes a lot of sense that's also down in indussympat some degree. the card processors have been down there's been this fear in there, amex has a minor payments network in it. it's most aly a travel story in terms of getting that next push higher for spending on the cards. it makes a lot of sense, i think, in terms of just field position wise where people -- what are people most worried about? fintech threats, consumer slowdowns and the stock is giving you a little bit of a chance you look at that chart, it doesn't seem like it's been punished too badly. >> still up almost 40% over two years. obviously the spacex launch last night was a thing of beauty. morgan brennan was lucky enough to see it in person, and it looks like it's just been a beautiful ride so far, morgan. go