that's the planning effect, from fidelity. managing type 2 diabetes? so good about that plan, she can just enjoy right now. you're on it. staying active and eating right? yup, on it there, too. you may think you're doing all you can to manage type 2 diabetes and heart disease but could your medication do more to lower your heart risk? jardiance can reduce the risk of cardiovascular death for adults who also have known heart disease. so, it could help save your life from a heart attack or stroke. and jardiance lowers a1c. jardiance can cause serious side effects including dehydration, genital yeast or urinary tract infections, and sudden kidney problems. ketoacidosis is a serious side effect that may be fatal. a rare but life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this bacterial infection, ketoacidosis or an allergic reaction, and don't take it if you're on dialysis or have severe kidney problems. taking jardiance with a sulfonylurea or insuli

but then just a mere six months later, fidelity not to be outdone the evaluation to ten. what could possibly have happened in six months fundamentally to justify that doubling of evaluation? >> it is very much the influx of the capitol. everyone there's also this idea happening more and more that you wanted to be the company having this task you want to be the one to invest in an air b&b, newburgh, they all seem to be rising. you want to be that with the in crowd in silicon valley and you'll get the next one. but also at the end of the day, newman was a brilliant manipulator, salesman, whatever it was. he knew how to take that and turn it into this ever rising valuation template to the egos and the worries and concerns of everyone that he met with. especially investors. it was brilliant. if you don't get in right now you're going to miss it. the other thing from the very beginning we heard from a lot of people whether they were employees, investors, everyone around him he doubted him once when they had one location is telling everyone swing the biggest company in the worl

fidelity gave them an offer that they couldn't refuse, an institutional investor i mean, i expected this from softbank or tiger global but fidelity that's interesting and perhaps a sign of how fierce competition is to invest in these hot start-ups and perhaps how frothy the market is >> yeah, again, i'm going out on limb here but i almost wonder if institutions are saying we're trying to identify the next meme stock ahead of time to benefit from that liquidity. and reddit would seem such an obvious one. but let's move along and talk -- >> here's my free revenue idea for reddit they should just start charging buzzfeed for access to the comments every third buzzfeed article is just a reddit roundup. just start charging them the money. >> b to b, always the best way to go. perhaps the next meme stock s. is tesla today carson blocks of bets against it are gone. the short seller didn't mince words criticizing musk in his first shareholder letter which dealbook saw he said his bets against the carmaker it's over they've been quote sent to heaven nilay, i'll sort of ask for your take on this on

let's give them 20. >> with fidelity this is another one where i had the character in my head of how it turned out but i didn't think it could be that simple but we just saw t. wrote invested 5 billion we wanted to get in there. the fund manager there we work by reading. and analysts among others were like this is a real estate company and look t at my analys. we have got this. >> they were acting as the origination or the source. but yes it's pretty remarkable. he masterfully played these folks off of each other and as we talked about earlier in our conversation. and another topic and maureen is the concept of governance as it relates to all the companies are suing stocks which was a public pursuant to sarbanes-oxley which was a public market cure for these types of folks. this is not subject to that. it was outside of that regulatory regime but talk on governance failures and give some examples of how it facilitated this outside of the funny inside and how but internally with the board of directors? >> sure. barria leon we have this whole idea that the under control and it really t

for smarter trading decisions, get decision tech from fidelity. at pnc bank, we believe in the power of the watch out. that's why we created low cash mode, the financial watch out that gives you the options and extra time needed to help you avoid an overdraft fee. it's one way we're making a difference. low cash mode on virtual wallet from pnc bank. and there you have it- low cash mode on woah. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. >>> welcome back to "the halftime report. here's our cnbc news update. afghanistan will not be a democracy under the taliban, a senior member of the group telling reuters that the country will be governed by a ruling council. another senior taliban leader says the role of women in the country will be d

we'll speak with former hedge fund manager john arnold on his battle against firms like fidelity when it comes to charity. the newest way to make money in housing even when you're not selling your house we begin wit

but then just in new york six months later fidelity not to be outdone doubles the valuation and what could have possibly happened in six months fundamentally to justify that doubling of the valuation. >> it is pure phono. not sure but very much that. in terms of private capital, everyone, there's also this idea of it happening more and more that you wanted to be the company that having this past team, you want to be the one that invested in an error began tobe or over and they seemed to all be rising . so you want to have it be that with the in crowd in silicon valley, thenyou'll get the next one but also at the end of the day , adam newman was just a brilliant, you could say manipulator for salesman, whatever it was and he knew how to take that and turn it into this ever rising valuation and really played it to the egos of worries and concerns of everyone that he met and especially investors. and brilliantly, if you don't get in right now you're going to miss it. the other thing, just from the beginning that we'veheard from a lot of people whether they were employees , investors , e

we've been working for the past few days to get fidelity on as much as possible. we've reached out by phone, email and text, and we're working on plans to, as we get in touch with people, give them direction for the best and most safe and most effective way for them to get into the airport. >> about our afghan allies, how many are you committed to getting out of the country? >> just yesterday, chuck, we flew out a total -- facilitated the flight out of 7,800 people, 3,900 on u.s. military aircraft, 3,900 on charter aircraft from private organizations and other countries. since the beginning of this evacuation, it's been 30,000 people total. since august 14th, it's been 25,000. we'll continue that on the days ahead and get out thousands more afghans who are at risk and/or who supported the u.s. military effort in afghanistan along with continuing to ensure that we're focused on getting american citizens out who want to leave the country. >> i want to understand this august 31st deadline because this is what the president said on friday about a so-called agreement w

would doubt him and turnaround time pulling dollar company, who won't doubt him next time. >> with fidelity, another one that i have a caricature of how i bet it turned out but i didn't think it could be as simple, want to get into basically back. there is the manager there literally found out about it but they had invested the "wall street journal" and become interested in the company and they were pretty quick and subordinate analyst this is a real estate company. >> what is that in the origination tax you know your arm in arm. yes, it is the mark. >> he he masterfully played his idea off for this to happen. another topic is concept of governance pursuant to and subject to this which was a public market for these. this is not subject to outside of that regulatory regime but talk for a moment on the governance failures, give an example of how to facilitate this, they act in this with the board of directors. >> very early on, we have this idea of control and it really took off in this era that founders didn't want to be pushed out as the company got bigger and bigger. there is a small suppl

that's the planning effect, from fidelity. growing up in a little red house, on the edge of a forest in norway, there were three things my family encouraged: kindness, honesty and hard work. over time, i've come to add a fourth: be curious. be curious about the world around us, and then go. go with an open heart and you will find inspiration anew. viking. exploring the world in comfort. and there you have it- woah. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. >>> there is not an exact number in all the continuing chaos, but it is estimated that tens of thousands of afghans are trying to leave the country today. how will all those people get out? will they, and where will they go? my next guest david milliband can he

for smarter trading decisions, get decision tech from fidelity. what happens when we welcome change? for smarter trading decisions, we can make emergency medicine possible at 40,000 feet. instead of burning our past for power, we can harness the energy of the tiny electron. we can create new ways to connect. rethinking how we communicate to be more inclusive than ever. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change. faster. vmware. welcome change. >>> welcome back i'm rahal solomon. several office buildings on capitol hill have been evacuated as police investigate an active bomb threat. a north carolina man is in custody according to nbc news. police say he drove a truck on to the sidewalk in front of the library of congress. >> the driver of the truck told the responding officer on the scene that he had a bomb and what appeared the officer said to be a detonator in the man's hand and immediately evacuated the nearby buildings >>> two fully vaccinated u.s. senators are isolating after testing positive for

for smarter trading decisions, get decision tech from fidelity. certain hpv-related cancers? you're not welcome here! get out of my face! hpv can cause certain cancers when your child grows up. get in its way. hpv can affect males and females. and there's no way to predict who will or won't clear the virus. the cdc recommends hpv vaccination at age 11 or 12 to help protect against certain cancers. hey... cancer! not... my... child. don't wait. talk to your child's doctor about hpv vaccination today. have soared in recent months, and now so has the cost to move. here's stephanie ruhle. >> reporter: across the country, people are moving at a record pace. nearly 19 million filed a change of address with the usps so far this year. almost half a million more than 2019. a boom for companies like blue whale moving in austin, texas, where there's been little relief from the hot housing markets. >> demand for our services has been through the roof and consistent throughout the year in a way that's very atypical. we're seeing a lot of people come here from elsewhere in texas, from else

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we know well how fidel potty propaganda works. first, an idea circulated. then several people argue for it until it becomes an official government gold. hungarians go to the polls next year and the united opposition all currently neck and neck with all bonds, fidel while the very young dear of hooks, it may leave many outside of hungry just seeing her the income been prime ministers, political rivals, fail pulling hungry out of the eu has been on all bands duellist for a while, or been has been planning to leave the you for a long time. and now that the can seem to still billions of euros and you found so easily, he's accelerating the exits. your membership may well end up being a campaign if you here in 2020 field, put a cursory glance at the only country to leave the european union to day and all of the problems in doing that, they will serve as a cautionary tale. so those 2 things missing from brussels is the right idea. these are all over our feet, budapest, hungary, political scientists, daniel mackenzie, says that tensions between the con, gary and go

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at fidelity, a change in plans is always part of the plan. your shipping manager left to “find themself.” leaving you lost. 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 and there you have it- matching youwoah. description. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. >>> welcome back to "power lunch. i'm kristina partsinevelos stocks are lower in the materials sector this is down almost 2% and teetering on negative territory for august. more than half of the sector's trading in so-called correction territory, meaning 10% or more among today's worst performers are freeport macmarion and albemarle and now down 9% in

we know well how fidel potty propaganda works. first, an idea circulated. then several people argue for it until it becomes an official government gold. hungarians go to the polls next year and the united opposition all currently neck and neck with all bonds, fidel, while the very idea of hooks it merely many outside of hungry just seeing her, the incumbent prime ministers, political rivals, fail pulling, hungry out of the eu. has been on all bands do list for a while or been has been planning to leave the you for a long time. and now that the can seem to still billions of euros and you found so easily. he's accelerating the exits, your membership may well end up being a campaign if you here in 2020, to put a cursory glance at the only country to leave the european union to day and all of the problems in doing that, they will serve as a cautionary tale. so those 2 things missing from brussels is the right idea. these are all over our feet, budapest, hungary, on gary and political scientists. daniel mika says tensions between the government and the you have

we know well how fidel party propaganda works 1st, an idea circulated them. several people argue for it until it becomes an official government. gold. hungarians go to the polls next year and the united opposition all currently neck and neck with all bonds, fidel, while the very young dear of hooks, it merely many outside of hungry just seeing her, the incumbent prime ministers, political rivals, fail pulling hungry out of the eu. has been on all bands to do list for a while or been has been planning to leave the you for a long time. and now that the can seem to still billions of euros and you found so easily. he's accelerating the exits, you membership may well ends up being a campaign if you here in 2020 field. put a cursory glance at the only country to leave the european union today and all of the problems and hearing that they will serve as a cautionary tale. so those 2 things missing from brussels. the right idea. these are all over our feet, budapest, hungary, political scientists, daniel mackenzie, said the tension between the hungarian government and the you have never been

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that's the planning effect, from fidelity. >>> welcome back. children have become the new battle line in the covid pandemic with cases low but still rising. seven states, all with republican governors, are now banning mask mandates in schools. some parents are cheering those bans while others are suing entities to prevent those bans. at the same time the cdc is now //çr@8-7t&éwrr.8>jcqo;)i⌞ñ4,/=:o how much longer is this surge going to last? i guess this is the fourth wave since we began this conversation. >> when you look inside this wave, it's a series of different events going on. first of all, we have the southern sunbelt states that we all know are basically at -- really dramatic case increases. if you look at the state of louisiana right now, they're tied with the country of georgia for the highest rate of infections in the world. what we're seeing happen is while those states are starting to potentially level off a bit, we're seeing in the southeast, georgia, south carolina, north carolina, kentucky, southern tennessee, illinois, al

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and since she's got goals, she might need help reaching them, and so she'll get some help from fidelity, and at fidelity, someone will help her create a plan for all her goals, which means suzie will be feeling so good about that plan, she can just enjoy right now. that's the planning effect, from fidelity. >>> tv pitchman turned election conspiracy theorist mike lindell had sworn he had proof of a stolen election involving the chinese and hackers. he was going to present at true believers. on wednesday a judge ruled against him and others worth billions potentially could move forward. in other words a good day to show this proof to the world. instead, no surprise, it all came apart in front of a live audience. donie o'sullivan was there. >> we got attacked by china, and they flipped this election and down ticked us to the tune of tens of millions. this is crazy. and all you have to do is come to the symposium. >> reporter: for weeks my pillow ceo mike lindell has been touting his so-called cyber symposium in sioux falls, south dakota, claiming he would present data that would prove to

at fidelity, a change in plans is always part of the plan. before we talk about tax-smart investing, what's new? -audrey's expecting... -twins! ♪♪ we'd be closer to the twins. change in plans. at fidelity, a change in plans is always part of the plan. and the total assets are $1 million. so we have a shortfall of $7.2 million. so where did all the money go? mindy: into inventory and financing losses really is where it came in at, is growing the business. lemonis: you understand that what you are saying without realizing it is that the business has lost $7 million. mindy: yeah. lemonis: the business is insolvent. i want to be an investor here, but i can't invest into a capital structure that has no end. it's hard, isn't it? mindy: it is hard 'cause i feel a lot of responsibility to that, 'cause it's like they listened to me. so i made the wrong decisions, you know. rhonda: she can't take the full responsibility. lemonis: tell her that. rhonda: we all went into this thing with eyes wide open. mindy: i know. lemonis: i genuinely want to be a

you look at the chart room of fidelity. that was founded on that johnson, john templeton and john vogel and the rest. their long-term optimism of equity investment. the gloom crew has been wrong for 20, 30, 40 years. do you see any amendment to that optimism? jurrien: i do not. i study charts. i study history. i look at secular regimes. if you take the s&p or whatever you can call the index before the s&p existed from 1780 or so until now on a total return basis, it's about 6.5%. the nominal is about 10% to 11%. there are large swings and drawbacks and drawdowns. the market goes up 60% of the time. 40% of the time the market is going against you if you are invested in stocks. despite that 40% chance of a down market, if you stay in long enough, you will get that 10% to 11% over the long-term. what i look at the secular regime we are in from a technical point of view and compare it to the last secular regimes, 1949 to 1968, 1982 to 2000, we are on that point where those markets were. while the bears like to look at the p/e r

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fidel castro leader of the factions entered havana in january of 1959. castro promised free democratic elections. these never materialized. brutal executions following his war trials and his brothers, castro's chief aides made it evident that he was under russian influence. evidence of communist agents in latin america had previously appeared in venezuela when red inspired mobs disrupted the goodwill tour of vice president and mrs. nixon in 1958. upon their return to washington, the nixon's were hailed by the president for their courage in the face of political gangsterism. a crisis in the congo reflected the problems of new nations complicated by russian interference. on june 30th, 1960, the king of belgium declared the end of the congo status as a colony. patrice was elected premier, he demanded immediate withdraw of belgium troops. antiwestern riots resulted in which the soldiers participated in attacks on european settlers, forcing them to evacuate. the premier of province supported by belgian troops remaining in his province declared secession from

for smarter trading decisions, get decision tech from fidelity. if you're 55 and up, t-mobile has plans built just for you. switch now and get 2 unlimited, lines and 2 free smartphones. and now get netflix on us. it's all included with 2 lines for only $70 bucks! only at t-mobile. >>> let's go out to pippa stevens. >> it's been a roller coaster ride for oil today as you were discussing with jeff curry, the white house is urging opec to boost production if you look at the wti chart you can see that pressure up at 6:00 a.m. when cnbc first reported the news this all comes down to the jump in gas prices up almost 50% compared to last year. a statement from national security adviser jake sullivan said, quote, higher gasoline costs, if left unchecked, risk harming the ongoing global economy. recovered those losses in afternoon trading and then some. the contract is currently at $69.24 for a gain of 1.4%. brent crude at 75.4 for a gain of 1.2%. a draw in both crude and gasoline stocks. kelly, back to you. >> pipa, real quickly, talking to jeff curry, he

fidel castro leader of the rebel factions entered havana in january 1959 following the flight of batista. castro promised free democratic elections. these never materialized. brutal executions following his war trials and his brothers, castro's chief aides, made it evident that he was under russian influence. evidence of communist agents in latin america had previously appeared in venezuela when red inspired mobs disrupted the goodwill tour of vice president and mrs. nixon in 1958. upon their return to washington, the nixon's were hailed by the president for their courage in the face of political gangsterism. a crisis in the congo reflected the problems of new nations complicated by russian interference. on june 30, 1960, the king of belgium declared the end of the congo status as a colony. patrice, who followed the communist line, was elected premier. he demanded immediate withdraw of belgium troops. anti-western riots in which the soldiers attacked european settlers, forcing them to evacuate. the premier of province supported by belgian troops remaining in his province declared secessi

let's get with our best, anna stupnytska with fidelity international. it is the supply side of the labor picture that continues to vex both economists and these markets. do you see that sorting itself out? -- when do you see that sorting itself out? anna: i think it will take another few months. the stock markets might be skewing those numbers and the willingness turn to work, in september, there will be more people returning to work and taking up jobs, which might relieve pressure on wage growth. we do accept the tensions of the labor market to continue over the next two months. we are also observing the increased inland wage level, which is not just driven by the supply issues, but driven by the willingness of the companies or the determination to go to higher wages. so, to $15 per hour. that is something we think will last over the next two years and will contribute to higher wage pressures and high inflation on a more consistent basis. manus: what is higher inflation on a more persistent basis that would upset the bond market? anna: there is the dis

fidel castro, leader of the united rebel factions entered havana in january, 1959. following the flight of bautista, castro promised free democratic elections. these never materialized. brutal executions following his trials in the marxist backgrounds of his fellow rival, -- castro's chief aides made it increasingly evident that his regime was under russian influence. evidence of communist agents and latin america had previously appeared and caracas, venezuela, when mobs disrupted the goodwill tour of vice president and mrs. nixon in 1958. upon their return to washington, the nixon's were hailed by the president for their courage in the face of political gangsterism. a crisis in the congo reflected the problems of new nations, complicated by russian interference. on june 30th 1960, the king, a belgium declared the end of the congo -- as a colony. -- he was elected premier. he demanded immediate withdrawal of belgian troops. anti western riots resulted -- congolese soldiers participated in attacks forcing them to evacuate. the premier -- supported by belgian troops r

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only from fidelity. >>> welcome back i'm rahel solomon and here is your cnbc news update this hour. president biden speaking with local officials in the areas hit by hurricane ida told them we're doing all we can to restore power to the region and said that 5,000 national guard troops have been activated to help with search and rescue. >>> and several people had to be rescued from cars trapped by floodwaters. this happened on interstate 10 in new orleans officials say the levees around the city did hold. police are now checking for more survivors in other low-lying areas. >> some of the houses and structures are built for this and they're okay as long as they're okay and not needing assistance, we're not going to force them and put them in a boat to bring them back other people that are obviously not in that situation. we're making sure we're getting all of them out first and will continue to do so. >> and five states led by republican governors are being investigated by the education department iowa, oklahoma, south carolina, tennessee and utah preventing schools from requiring a m

and the easing of cove at 19 restrictions around the world have helped the giant doctors in the usa. fidel severe and spreading like wildfire and states with low vaccination rates, florida reached 3 records for daily infections just this past week. at the state and 7 up is also represent 41 percent of americas total new hospital admissions. and the closing ceremony of the tokyo olympic games is due to begin in a few hours. it kept 2 weeks of limpid action, watched by tens of millions of people all around the world. but so few actually in person because of the pandemic. so i'll see in about 90 minutes time, 1100 hours, gmc the news other coming up in 25 minutes with kim. that's right after football rebels, if you were looking at this from the outside, would really wonder what was going on? what. what is this is a religion that they have an in depth exploration of global capitalism on our obsession with economic growth. this is still the center of capitalism. there is no limits. i view myself as a capital artist we are trying to bake as well as smaller and smaller. we don't want to be so rea

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for smarter trading decisions, get decision tech from fidelity. competition beat us again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. it's got to be something workday. i think i got something. work... hey, rob, you're on mute. hello! hey, rob, there he is. workday. the finance, hr and planning system for a changing world. >>> let's check in on a story we've been following this week only fans doing a total 180 scrapping plans to band sexually explicit material coming to resolution with bank partners. the decision less than a week after the original announcement the platform would be banning ex-lis it content and received plenty of pushback from content creators and advocates arguing the ban would drive such work underground thus making it more dangerous. the company tweeting this morning that it had secured assurances necessary to support the "diverse creator community and thus suspended the planned october 1st policy change. jon, wow what a walk-bac

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for smarter trading decisions, get decision tech from fidelity. >>> welcome back to "power lunch. time for trading nation. it's been exactly a year since the dow welcomed its newest members. honeywell, salesforce and amgen. which of these baby dows should you bet on now let's bring in nancy tengler nancy, great to see you. you have interests in all of these. let's start with the one you've exited, which is amgen you sort of love it or lose it you lost it. >> we sure did you know, tyler, you've been in this business along time at some point you have to admit you're not just early, you're simply wrong we've owned the stock for a long time, great dividend it's underperformed the s&p and the s&p health care index by half so we finally realized there were better places for us to be and we exited a while ago. >> so you loved the stock but it didn't love you back so get out of here, leave it behind crm sales force, that is one of your faves. >> yeah, it is given where we are in the economic cycle, we've been talking about growth is going to slow in 2022, it's just the math, not an origin

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