it was remarkably tame. the first thing i did was look at the bloomberg terminal to see if we could find some of the technical work. this morningned me is the reaffirmation of the in some form of recovery and enthusiasm for stocks. later by ben laidlaw who is optimistic. jonathan: the s&p 500 futures looking optimistic this morning, up 1.5%. 1.9%. look at we have a look at what the markets will look like. will it be sequential we can we can provement or will recovery? we have been trading on the former. we got the gut punch reminder not to forget about the latter. i think it was a letter that made a comeback. last 24back in the hours in a more pronounced way. tom: no question about it, the pandemic updated it and there are new geographies of concern. it is important. s$ed hyman is adamant that a vaccine is critical in the next year. he was usually hugely enthusiastic on the american financial experiment. jonathan: the data has been getting better, but the pandemic number
fired back calling it racist. dana: president biden staying silent on the fentanyl. 300 people a day die. that is expected to get worse. fentanyl seizures at the border continue to double year-over-year. peter doocy brought it up in yesterday s briefing but according to the white house everything is just fine. 300 overdoses a day now. we know fentanyl is coming in the sfwoo the country across the southern border. we are securing the border. we have record levels of funding from dhs to stop drugs from entering into the country. 300 overdoses designed to target children. drug cartels in mexico want to kill american kids. what is this president doing about it? to say we re not doing enough is categorically wrong. dana: we have reaction from former d.e.a. special agent. matt finn standing by at the border but let s go to grady trimble in chicago with new arrivals. we were there last night as the first two buses arrived. several migrants waved at our cameras and g
good tuesday morning, welcome to squawk alley, i m carl quintanilla with kayla tausche here at post 9 of the new york stock exchange. john fortt s on assignment upstairs and is going to join us in just a moment big hour today on squawk alley, as we said, an exclusive with oracle ceo mark hurd. we ll get his take on ge, amazon, and a lot more we ll talk with house majority leader kevin mccarthy later, that is a first on cnbc interview, and roger mcnamee sounding the alarm over facebook and google, calling them a public health crisis first up, shares of ge down another 6% today, down more than 42% of the year. john flannery joined us exclusively on squawk on the street this morning and made the case where he can turn things around. if you go back and look, this is very, very similar to what i experienced in health care i walked in, looked, this is fundamentally a very good business and there s some basic things around operating rigor, capital allocation that make
the tape in the hour ahead. joe is today a day to sell stocks? on this rebound of sorts? if you are an investor, then i think over the first couple of weeks of september, you want to take cash levels in terms of equities holdings, somewhere 20%, 30%. i m fine with that. i think the market is in a vacuum right here for an investor s portfolio, yes, i would be modestly raising cash. if you are a trader, and i think what land on friday and what s happening today is a trading event. then you ll be using options and hedging etf s on volatility and things of that nature. the play of the market over the next couple of weeks. i think that s more a trading circumstance, and i think what s going on in the market right now is a trading event. let s just put this out right on the table right now. i any yellin has the votes. i tried to dissect them. it s up behind ow the wall. foels, what we are looking at is my best guess of who is where, if there is a rate hike on the table. i would
fixing tax increases and mitigating of the harmful obama care. he became a hero for all the constitutional conservative republicans. the critics describe his actions as of the tail wagging the dog. country born in this and i don t know how this is physically possible. all that i can say is that we are happy that the tale is here, and the dogs are in washington. [applause] said that hes also is whacko and lives on a different planet. proves media coverage int he is a soaring eagle the iowa caucus planet. [applause] hisse welcome our first keynoteeaker, speaker, ted cruz. it is great to be with so many friends in iowa. very kindfor that introduction, thank you a.j. and david for inviting me here today. for your gracious hospitality. thank you, to chuck grassley for welcoming me into your home state with so many dear friends of yours, and thanks to each of you for coming out tonight. i promise you i will do everything humanly possible to speak for less than 21 hours. you