the airport is going viral. he starts staring at me and drawing and staring at me. then i m like, is this creepy or is this awesome? i decided it was awesome. but first, will the delta variant impact the u.s. job market. that s what wall street wants to know. julia chatterley has this week s before the bell report. the good news is the delta variant hasn t hurt the jobs market, at least not yet. the u.s. economy adding back 943,000 jobs in july. that s actually the biggest gain since last august. it also means the unemployment rate fell to 5.4%. but the question, of course, now, is whether the delta variant shows up in future jobs reports. for now the economic recovery is chugging along. one byproduct of that recovery is higher prices. and we ll be getting more data on that front this week. reports on consumer and producer prices for july are due and both indexes have climbed in recent
to have someone right next to me break the world record. just as a fan of the sport in general, that s amazing to happen to you. given there were no spectators and you were in this bubble in the middle of a pandemic, do you think that brought the athletes closer, this experience? definitely more of a sense of, we re just really happy this is happening. really happy to be here. the olympic bubble did hold, jim. only a few hundred cases tied to the games and very few of those athletes. but outside of the bubble with japanese gathering in groups, including outside of the olympic stadium to watch the closing ceremonies and stream it on their phones, you have case numbers exploding to their highest levelle of the pandemic near japan. it s certainly spreading a lot in japan, but not within the olympic bubble itself. all right. congratulations to all of our athletes overseas. and great job covering the olympics, will. thanks for that report. coming up why a man s sketch of a tot
this week, united, american, alaska and southwest will report results. as demand for travel rises, so do prices. air fairs climbed 3% in june. for consumers, rising prices are the downside of a booming economy but the head of the federal reserve says price strikes are temporary. jerome powell said he excepts inflation to get hot in the coming months and to cool off. in new york, i m christine romans. announcer: before the bell, brought to you by e-trade. with no account minimums. and go to cnn.com/beforethe bell. a man s gotta learn to take it
it s because the amount of time that has passed since the vaccinations or whether this is a new variant that requires an updated vaccine. in the meantime, the prime minister says that he wants to flood the country with home tests. there are restrictions on travel, pretty much no noncitizens can enter the country. masks are back on, and naftali bennett says he wants to increase the enforcement on coronavirus restrictions, including criminal charges for people who test positive for coronavirus but break their quarantine. jim? it is tough to see the world backsliding on covid. it s happening in israel. thanks for that report. here is christine romans with this week s before the bell. another sign of a robust economic recovery, airlines are making money again. delta reported a second quarter loss, but the airline returned to profitability in june and says it excepts to stay there.
coming up, our countdown to the new series history of the sitcom continues. we take you live to a memorable location from seinfeld. first, christine romans with your before the bell report. hi, jim. a roaring economy means soaring profits for american companies. this week kicks off second quarter earnings season. s&p 500 companies are expected to report profit growth of more than 63% from last year. that s the biggest jump since the fourth quarter of 2009. also recovering from the recession. bouncing back from last summer s covid crash. one big question here, are higher costs eating into corporate profit margins or are businesses raising prices instead? economic data this week could help answer that question. reports on consumer and producer prices for june are due. both jumped in may. interestingly, inflation fears have eased, though, on wall street. instead investors are worried about the spread of the delta