. >> unsung heros of the bull market and the one that is most is microsoft. today wells fargo out saying listen, next to 2.5 trillion, cyber security, operation margins expanding. this is microsoft. >> i love we put up 20 years or 10 years, story. >> i think this is an argument potentially index fund because i think that this is they've put together an amazing team my travel trust owns it. i'm saying it's untouchable. you can't sell this thing. it's too good. >> i mean, market is -- has already historically leaned on mega cap tech, but especially last week, right >> last week was incredible because what happened is that all the money went to mega tech. the nasdaq was up almost every day. the dow was terrible but what's happened there's a group of stocks, by the way, met -- meta does well, apple has broken out to all-time highs >> apple almost equal to the s&p's performance of the year. lagging by a half. >> lagging terribly. next will be amazon. >> made that up in the last week and a half. >> the car >> waze it -- what is it >> microsoft keeps going up and th

that is it for us, hope you have a good evening join us again tomorrow night of microsoft. kennedy: welcome to the best hour of your day, best day of the week. call it the first major referendum on the biden presidency, tomorrow's high profile virginia gubernatorial election but one time democrat insider terry mcauliffe plaza, what does it mean for the biden agenda? and 20222024? not looking good right now. mcauliffe is running against political newcomer glenn youngman, he's got money. a few weeks

you mentioned other companies, amazon, google, microsoft. amazon was selling their technology to law enforcement, which created issues. they paused that a few years ago. i think this is a way for facebook -- meta-, to put pressure on others in the industry, probably try to get ahead of potential regulation. we have seen lawmakers in the usa, we need laws, we need rules around how this technology works. this is facebook getting out of the game on the earlier side so that when there are these laws, when there are rules that come about, they are not necessarily reacting in the same ways their competitors will have to. emily: the company says they will delete one billion facial templates. how can we be sure that that information will actually be deleted? >> it's a great question and i tweeted about this story, and all the replies were essentially, ok, sure thing, facebook. it goes to show you how little faith there is that the company that will make a big public announcement like this will follow through. we will have to expect them to essential

agencies are reaching out in ways they did not in the past to the private sector including companies like microsoft. this war is epic. there are thousands upon thousands of people at the nsa ad more to come. >> and we know you'll stay on it, pierre. thanks so much for that report. >>> that's all for us today. thanks for sharing part of your sunday with us. check out "world news tonight," and have a happy and safe thanksgiving. there are two kinds of folks who sit around thinking about how to kill people--psychopaths and mystery writers. i'm the kind that pays better. who am i? i'm rick castle. castle. castle. i really am ruggedly handsome, aren't i? every writer needs inspiration, and i've found mine. detective kate beckett. beckett. beckett. nikki heat? the character he's basing on you. and thanks to my friendship with the mayor, i get to be on her case. i would be happy to let you spank me. and together, we catch killers. we make a pretty good team, you know? like starsky and hutch, turner and hooch. you do remind me a little of hooch. (steve mcdonald's "not bad at all" playing) (grunting) ♪ ho

any of my calendar, microsoft teams, anything that would allow me to work with any email or do any of my jobs since they had me working from home. i can access none of it and i can't go to any buildings, either. that is revoked. lawrence: when you are talked with the school district had you raised these concerns before? had there been this push by the administration? were you given marching orders? let us know what they were telling you before. >> so, before they had indicated very clearly to all of us that this was the only reasonable way to think at indiana schools. there whereas no threats or if anyone had concerns over. this the district had already decided its marching orders or racial equity did [inaudible] go on strange tirades had students and staff. there is not a way to address concerns. of course now that everything has happened. they don't want to hear my concerns. really that's just to dismiss them in the same conversation. so, not exactly a great place. i haven't been given any marching orders to teachers despite what's apparently coming out as rumors. that's rather wild

microsoft's up 51.5% year to date and microsoft is the outperformer of the group, josh, at 69.5% rather than try to read into the minds of these big, famous investors, just what about the idea, as you view the market, josh, these stocks have gone up a lot this year. they've been the place to be in large respect. is it time to re-think these things when you look at a horizon where you see rates moving higher? >> so i don't -- i guess i don't look at it as a rates play up or down to own the best companies in the world, and i understand why you would see some money out of amazon and if you're running a hedge fund comp theetitively it's a lot of pressure in a large position in a mega-cap stock going nowhere. most people don't feel that pressure because they're not playing the same game. they shouldn't be reacting to filings of 45 days ago as though there is some requirement that they play along. a really great example of why this isn't important we would all agree that one of carl icahn's greatest trades of his whole career is apple. he correctly identified it was a way undervalued, mispric

his push for a green revolution and what he said when asked about alleged inappropriate e-mails at microsoft. >>> and our journey across america to washington, d.c. for a game of checkers at the site of our nation's capital you rarely see on tv. >>> this is nbc "nightly news" with lester holt. across america reporting tonight from washington, d.c. >> good evening from washington, d.c. on day three of our journey across america where i spoke to the country's top military leader about a world growing more dangerous. we'll get to that in a few moments. but tonight we also happen to be standing in the shadow of our top story, the election for governor in neighboring virginia the win by republican glenn youngkin over democrat terry mcauliffe has democrats licking wounds and looking for something or someone to blame as president biden observes another political body blow. the president returning from europe overnight. his legislative priorities at home still in limbo and now facing his party's loss of a key state house with another that's been hanging by a thread all day kristin welker leads our c

i expect that to continue to work microsoft is in a land of its own, showing us 45% margins. expect to see margin pressure. google has given 1500 basis points of margin expansion since second quarter, 32% last quarter. when you talk about pricing power, what we're really talking about in this environment is ability to maintain margins. the market will be focused where we are seeing market degradation. >> let's back up for a second, talk about where you think inflation is going because you have been in the camp saying janet yellen said 3% this summer, you were saying more like 6 where do you think we'll be middle of next year? >> right i don't enjoy being right on this forecast. i was certainly not in august when i called for 6% cpi this year, and 5% pc this year, see if we get that later in the month. 5% cpi all the drivers are still in place. we still see shutdowns and disruptions at the manufacturing level, in some part due to low vaccination rates at some of the manufacturing companies like vietnam and indonesia. still see capacity constraints in terms of shipping with the

basically you choose an avatar for yourself and microsoft will animate it using your voice. the feature arrives next year. the holiday shopping season is pretty much upon us. so what will be the hottest gadgets to get the n% consumer technology association. the folks that put on c s every year say that tech spending will reach 142 billion dollars this holiday season, which is about a half a percent more than last year on average survey says folks plan to spend about $541 on tech gifts. as for the top items on wish lists number one smartphones that's followed by laptops. then wearables like smart watches, then tv's. and finally videogame consuls are tied with tablets and e-readers. samsung is selling a pair of jeans with a special pocket on the front that fits their foldable smartphone. the $1500 jeans are called the z flip pocket denim gone are the big bulky back pockets and in their place, a small square pocket on the leg. the doctor denim jeans are limited to a run of just 450 pairs in australia. the $1500 price. does include samsung's z flip 3 smartphone just don't watch

. >> it was part of the big call i mentioned earlier along with microsoft and snowflake as we were talking about it, and oracle by the way as well. josh brown >> uber, but i said my piece on that already sticking with it >> yes, you did. all right. and adding more is josh brown. thanks for watching. that does it for us. "the exchange" starts now. ♪ >>> thank you very much, scott hi, everybody. i'm kelly evans and here is what is ahead this hour >>> inflation. companies are seeing it, consumers are experiencing it and fed officials are calling for action to curb it, but the futures market says they aren't going to act any time soon so should you position your portfolio for a long winter of high prices? >> plus, the headline numbers may look pretty good, but are retail sales actually falling? we do some back-of-the-envelope math and see what the data is telling us >>> shopping for trades, from big box to home improvement. we have target, tjx and lowe's first today's market, michael santoli doing the honors at the nysc hi, mike. >> hey, kelly. >>> a bit of a lift in the s&p 500. large cap g

microsoft and sony said video game sales looked good for them. is it going to be a follow through for best buy remember, we just spent so much money outfitting our homes and our technologies for work from home, for our kids to do school from home. how much more can you really grow on top of that? so it is a tough comparison here going forward for best buy in this quarter >> all right gina, what would you do with the stock? i was in a store the other day for the first time in a couple of years and it is amazing how much you can see andtest and experiment with, whether it is podcasting equipment or cordless vacuums. >> yes and i think, you know, courtney's point about whether or not demand can remain as robust as during the pandemic is a big question one thing best buy has managed to do is they've managed to flex their pricing power and be able to pass some of the wage hikes and other costs that have hit them through to consumers. so i think that's a positive story. so even if they do suffer short-term supply chain pain, they should be set for the

is that a positive sign for microsoft? >> microsoft has been a great performer. it's not exhibiting the same characteristics that apple is. i would rather be in microsoft than the s&p i would rather be in microsoft than broker dealers or other cyclical stocks showing real distribution if one had to choose between apple and microsoft, by my work, apple is the winner. >> carter, thank you would you make the same choice, karen? >> well, i have them both. i don't know i guess not then i have them both i keep them both i think they're both great it's not a terrific answer, but that's my book. >> i guess it's like asking which child you love more. >> exactly i do have a favorite >> dan, will ask you >> just kidding. >> i think the more interesting question -- carter said he would rather own microsoft than the s&p 500. i would rather own the s&p 500 for a lot of what we have been talking about is the poor breadth. we have a lot of stocks that have been marked down. there was a stat about how many stocks -- more than 50% of the s&p 500 are down more than 10% from their r

maybe microsoft is these are trading at big multiples. they deserve to do so, though, because their earnings growth justifies them >>> up next, looking back on guy's pick from last time he was on palantir we'll check it out it's time for the ultimate sleep number event on the sleep number 360 smart bed. what if i sleep hot? or cold? no problem, the sleep number 360 smart bed is temperature balancing so you both sleep just right. and it senses your movements and automatically adjusts to keep you both effortlessly comfortable. so, you can really promise better sleep? yes! you'll know exactly how well you slept, night after night. we take care of the science. all you have to do is sleep. don't miss our weekend special. save 50% on the new sleep number 360® limited edition smart bed. plus, 0% interest for 24 months and free premium delivery when you add a base. ends monday. (music) meet honeywell forge. analytical software that connects assets and people. to deliver a cybersecure record of your entire operation. honeywell forge industrial gr

. >> jimmy: then microsoft encarta. >> yeah. >> jimmy: you know, stuff like that >> yeah. >> jimmy: so, we'll talk about stuff like that. >> who will >> jimmy: we get out on the air. >> we're gonna talk about encyclopedias and -- >> jimmy: yeah, stuff like that >> yeah. >> jimmy: microsoft encarta. you know [ light laughter ] >> okay. >> jimmy: maybe bring up prodigy. you'll go, "do you remember prodigy? and i'll say, "yeah i do." then you'll say, "oh, do you remember dialing the phone -- the phone dialing go - [ static ] i'll get a laugh >> but should i do it to the audience don't you feel like it should be like, "do you guys remember?" it should be more like that. [ laughter ] [ cheers ] it should be more like that, like -- right? >> jimmy: oh, yeah so maybe, you come out i sit here no, no, no, you sit there. >> i sit here. >> jimmy: yeah, and then you got to go like -- i go -- i'll say microsoft encarta and you go - >> "do you guys remember the sound? [ laughter ] that kind of voice [ cheers ] yeah, a little cheer >> jimmy: that's a bit and you do that. and then you go out there and

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microsoft surface devices, orchestrated by cdw. they adapt to each user and deliver multi-layered security, so your workforce gets seamless experiences wherever they roam. for devices that fit your unique workforce, trust microsoft surface and it orchestration by cdw. people who get it. >>> well, my vision is to use disney plus as the platform for the metaverse. i think it really blends our physical beings with our digital beings and creates a three-dimensional canvas otherwise it's a park experience or a movie experience or it's a book experience. i think those all come together without boundaries, without borders, without constraints, and our creatives are just biting at the bit to get into the disney metaverse >> seems everybody's talking about the metaverse these days including disney's ceo bob chapek i want to find out to my committee members and find out if they're even thinking the metaverse. are you playing this yet >> of course i think first of all defining the metaverse is like defining transitory it's a different definit

you have microsoft's satya nadella. you you you've got all these other examples out there and trying to remember all google so what's what's important to keep in mind here, right. is that by having these people who have deep experience with the companies, but also have kind of fresh take on things you have examples where microsoft turned around a lot of their culture and started working together in ways that they had under the previous leadership. you have google trying to kind of find its next big thing after search and even when you think about where all these other companies are going. apple went from being already a large company to being one of the largest tech companies in history. and that was all under tim cook. so for twitter, a lot of this opportunity is saying ok, well, maybe we reconsider the way we handle stuff like harassment. maybe we start reconsidering the way we handle how we build community and what we look at community what we think of as a good community on twitter because clearly if you listen to p

you know, i don't see why you would choose zoom over microsoft. >> microsoft teams a lot of us use it that's a great point microsoft currently trading just down fractionally on the day gina and delano, thank you. >>> seema, thank you very much. >>> up next, boston market calls thanksgiving its super bowl. the company is here to talk food inflation and holiday demand >> announcer: and now, the latest from trading nation.cnbc.com and a word from our sponsor. ♪♪ in boxing or any other business, one day, you're gonna take a hit you didn't see coming. do you stay down? or do you get up? [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. >>> welcome back, everybody. in case you hadn't noticed, food prices are going up just in time for thanksgiving wheat prices up 13% over the past month highest level in about nine years. that was hit earlier today there you see corn and oats also up sharply that explains why the av

that's not a broad rally all the power is in the tech stocks apple, microsoft, salesforce, it's cisco, it's intel but all of the consumer names, merck, disney, verizon, for example, r all a lot weaker. this is not a unilateral advance that we are seeing as for the rest of the market semiconductors are the strength in the technology sector nvidia is complete round trip. 246 thursday, 214 friday, back to 330 a round trip for a lot of the semiconductors energy is up, there are concerns about travel-related movements as we deal request new variant all of these are nice ounces but it is not close to where they were at the close on thursday. no exactly a round trip for energy finally, melissa mentioned some travel and entertainment stocks. the cruise lines and the airlines are notably underperforming other parts of travel and entertainment the hotels are doing a lot better and the companies that provide live entertainment are outperforming. what this tells you is people are not sure about going on long trips but are still interested in going to hotels even if it is just on a local level. ba

they will be microsoft, amazon, tesla, nvidia. these are the names you want to buy for growth if you go back 15 or 20 years, the performance is outsized. >> karen >> similar to steve. they have so much risk that one thing performance or physical health you have to diversify. i would go buy some spiders. >> mike? >> i would go with ivv which is another s&p variant, but has low fees, only 3 basis points. i like what karen is doing >>> and a man who played d-1 sports, sponsored by vidal sasoon back in the day >> i am such a huge fan of warren buffett you want to be in what you know. if you know apple and bank of america and you know these various different names that are the biggest components of what are in there, that's where warren buffett is strong >> that might need more than three tacos in a deal, but well diversified company. thank you all very much for playing. coming up, we are counting down to nvidia earnings this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet i

cardi b is hosting the show through the microsoft theater in l.a., and an abc reporter has more on what to expect at one of the biggest nights of music. >> the country's favorite musicians are taking the stage for american music awards. the biggest show in the united states, with people taking home prices. this year, it is cardi lifetime ama winner. she is up for three awards. >> this is fun. hey. good times. good vibes, i like to party. i want to wake people up, so that is going to be me. >> pop newcomer olivia roderigo has the most nominations with seven. the drivers license star has some fierce conversation for the title of newcomer of the year. >> golden, masked leroy. the mas also add including favorite trending song. along with favorite gospel artist and favorite latin duo. it would not be the ama's without some unpredictable performances. bradford tyler, the creator, i i bringing it to the stage. >> he is one of the most unusual and imaginative out and out how on earth did he think of that. >> perhaps one of the most anticipated duos, firing of the audience, megan thee stallion a

. >> yes >> every single time >> i think our viewers do, too >> microsoft in a video yesterday looking at mesh and teams and the testimonial from acce accenture. it's like, wow, i guess i better use it he's doing a good job. it's never mentioned in front of congress, not since 1999, when they had that nasty dust-up where steve balmer said some things >> half a billion write-down, cut ago quarter of its workforce. is this right, in april of 2019? take a listen to this. >> maybe they can orchestrate a remarkable turnaround in zillow, but i think this headlong rush into buying houses business, there had be brutal speed bumps along the way. >> wow >> well, it turned out to be a bit like when andy deframe approaches the ward in shaw shank, and says there was an obtuse mood. remember, they were going to make a market in homes, like the now nasdaq it was ill-advised, i said stay away, count touch the stock. >> and you were dead right. >> but i liked wingstop, too. >> was it based on estimates >> exactly they thought they could predict. >> ai. they own thousands and thousands of homes. >> i th

>> the reports that microsoft head of xbox said he is evaluating the relationship with activision blizzard and making ongoing proactive judgments and disturbed, troubled by the events and actions at activision blizzard, report that is the ceo knew of sexual harassment at years and they said of the misleading, inaccurate but the news following the reports that playstation's chief also in a letter to his employees expressed the same disappointment big, important platforms weighing in here we know that activision's board has backed bobby kotick today. it's down the worst of the big publishers back to you. >> thank you we continue to watch that. >>> all right. straight ahead, sweet greens are made of these. we'll discuss the blockbuster ipo for the salad chain tacking you inside the market zone morgan stanley's investment mrgt r urchir shar ma ihe ybe salad is the key we'll f we'll find out after this. but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindepende

was never lost, i was just ♪ i was never lost, i was just passing through on my way to you ♪ >> the microsoft theater from the television debut of my universe, it was almost hard to hear coldplay and bts from the stage over the cheering fans and the crowd. crowd. ♪♪ ♪ you can't overstate their stardom, if you will and country music start mikey guyton joined the show after sharing the story that her baby boy, grayson, was isn't to the hospital for dehydration after suffering from a stomach bug she posted this cute snap snuggling with her little guy. after last night's show, she's on stage and you know that's where her mind is. we're certainly happy that he's better and a big congrats to all of last night's winners it was quite the show. >> thank you, sheinelle. >>> still ahead, our countdown to the macy's thanksgiving day parade with a special sneak peek live on our plaza. but first, your local news >>> good morning. 8:26. ee liz betd hoechls trial resumes. at the end of the day friday, they called her to the witness stand. she started by talking about her time at stanford, how her early

david: when you sold the company to microsoft, you went on the board of microsoft. let me ask you about that. microsoft was a technology company that came out of nowhere, became a dominant software company. many people thought it would go south as it was getting older and older, but transformed itself when satya nadella became the ceo. were you shocked and surprised at how the company has become one of the most valuable companies in the world again? reid: no. for a number of reasons. microsoft has always had an enormous amount of talent throughout the whole company. the technology depth at microsoft has actually created a whole range of products not just on the commercial side, but also microsoft research. so there is always this raw amount of talent. obviously, having some key franchises like office and windows and being willing to be bold in the creation of xbox and the gaming franchise. now, that being said, the thing that satya brought back with vigor to the company was a focus on earning the ability to build the next generation of products, starting with azure,

we have been a long-term holder of microsoft but our view is that microsoft is a top choice when companies are consolidating. i get they have a lot of smaller companies, but that has been declining in terms of growth rate it has been decelerating so they need to go up market so from the technicality, if you are trading zoom itself, shares are down 26% since second quarter print. i wouldn't be going against anybody long here. i would say stay neutral if you are trading zoom because there is a risk of a short squeeze, but i am most interested in learning about microsoft from the zoom call. >> guy, what are you setting your table with? >> dutton. dollar tree had a big move to the upside prior they report next week. i am watching to see if their earnings release will hold up and keep the stock at these levels i think it will be fascinating to see and then i will go downstream. i don't want to give away my final trade. >> good one. dan? >> best buy is interesting to me the stock is valued at about 35%. it feels like it's in a straight line expectations are pretty high what they have to say abou

given the choice you're still the microsoft pick, right? >> still like microsoft. we do own apple in some of our portfolios. the challenge with both of those names are relative weights to the index. for us we have risk controls. we're not going enat index weights for either of those but we hold both in other portfolios. liz: j&j, caterpillar, crown castle. we have just under 40 seconds left here. we're about to see new records again. how long does this bull market continue? >> it has been really impressive. lots of things helping to do that. negative real rates. you have really positive earnings reports coming out this quarter. big wall of cash on the sidelines. looks like we'll still be in a accommodative position from a monetary standpoint. fiscal looks like kicking in additional dollars. could have support for the market head into next year. liz: you're making money for your clients. 24 billion in assets under management. thanks a lot. folks, i will say too close to call for the s&p. nasdaq will close at an all time record high at the moment. we're so glad you j

microsoft surface devices, orchestrated by cdw. they adapt to each user and deliver multi-layered security, so your workforce gets seamless experiences wherever they roam. for devices that fit your unique workforce, trust microsoft surface and it orchestration by cdw. people who get it. esg is responsible investing. trust microsoft surface 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 investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> i'm bob pisani if bitcoin is digital gold, why isn't gold like a physical bitcoin? let's talk with two of the world's great gold authorities george oversees the spydr gold shares will ryan is the founder of granite shares george, it's often said gold is a hedge against inflation, but

we're talking about the microsofts, the facebooks of the world. they've done an amazing job in terms of the an execution standpoint they announced milan x, the mi-200, the gpu that goes against nvidia their next generation data center chip comes out next year. not only is it about the market share that has already been established but its investors will look to subscribe to that multiple i'm sure amd is not planning on stopping on 20%. their number one competitor is clearly wounded while amd is able to leverage and adapt ahead. everyone on this show has talked about bricks and mortar. you look at the entire supply chain, taiwan semiconductor is amd's largest producer these chaps aips are massive, wh we can get into. >> in terms of what the spend could be on metaverse chips, and how much of that is actual new spend or replace spend in other words, you know, no longer spending on whatever prior generation chips and shifting that spending forward >> for sure. so if you go back to facebook's announcement in terms of them increasing, they're up to $34

not your big tech names, not apple or microsoft, but those new tech companies that are still growth names. a lot of the ev space still falls in that category. i want to hit some of the tech subsectors. tech underperformed, it really translated into semiconductors, chinese adrs which is tech savvy. the sole outperform her was cryptocurrency, kind of doing their own thing after perhaps an inflation hedge. let's get to the macro story. >> some of the device makers, laptop pc makers, hp, and dell. we are seeing strong demand for both companies from commercial customers, basically companies buying new infrastructure for their work, particularly in the case of hp come up almost 7% in after hours. there was weakness in the consumer side of the business. sales down 3%. what they are saying, lines crossing, hp seeing supply shortages, and in the quarter they were able to get more components than they thought. the supply chain picture is not going away, not changing. that's interesting when we go to retail. look at nordstrom, the report hit after the bell, along with gap. that is a completely diffe

we're buying some of the growth in megacap again we saw google and microsoft earlier last week and their earnings were strong on advertising in cloud and as you mentioned apple and amazon, which the market didn't responds r respond to positively with their earnings and different headwinds there. there's opportunities in those stocks when you look at apple and amazon i think ecommerce makes a comeback as we look toward the holiday season and you look at amazon's cloud business still growing really, really strong. i'm buying more of the growth and megacap still. but stronger, overweight on the mega cap brian. >> we have the graphic up next to you and it says meta platforms. hi to do a double take and remind myself it's facebook. i'm going to call google google, i'll never call them alphabet. meta platforms is facebook you say it's like survey says and the thing flipped. anything you don't like, in a police sta place you're avoiding putting money? >> a couple of areas investors want to make sure they're staying in their allocation there. i do still like facebook and that's are an area we're

january, 2010 days discuss a vulnerability on windows ten and provides that to microsoft. one of the unique things that we tookgs credit that we did that d you could say why did you do that. i'm sure there will people that will tell you you shouldn't do that. i would tell you the reason i decided to do that is the fact i think there's a certain importance that goes with our technical expertise and we stand behind something to say this is a vulnerability we at the national security agency have found. we've taken that idea and expanded it into how do we do a threat advisory? we have done a number of cyber security advisory in the fbi and dhs and during the product to say these are the activities in the tradecraft that in the issues of vulnerability this is what to select actors have done. the unclassified levels all at the unclassified level. so that is a really important piece of what we've done. let me go to the cyber commons n side. much has been talked about so in 2018, we decided to send a series of teams to different parts of the world at the invitation of our friends

these stocks, microsoft, apple, nvidia, some of the big semiconductor names have been on fire along with microsoft in the last two weeks again, none of this would be happening if it market believes that aggressive rate hikes or unexpected rate hikes were coming soon. same thing with the banks. kbe another high today a new high of course we are seeing good news there, the banks are still making money on the interest rate carry kbe also hitting a new high today. this comment, expected to be transsorry, from the fed, this is what corporate america is essentially saying the message from the earnings picture for corporate america so far is, yes, inflation is a little stickier than we had thought. but with the exception of labor costs that might be more permanent, most of corporate america is saying they are getting their hands around the supply chain issues. they expect commodity costs to be lower in the following quarters of course that would be good news for the overall revenue picture. obviously more revenues will occur because demand will be much higher at that point. >> bob pisani thank

we have seen where microsoft and amazon made the decision not to sell their facial recognition technology to law enforcement. so we have seen through legislation as well as consumer pressure the -- it's really clear that folks are chiming in and making it known that their collection of biometric data is not what they're asking for. >> scott, you've been covering facebook since day one. are they receiving you, the media, the reporters any different or are they more willing to listen to our requests? >> a little bit. the last few weeks have been crazy for covering facebook, and i imagine working at facebook, culminating in a giant name change, not to mention the big decision today. i've been back and forth with the company. they seem to want to engage a little bit more, and they really should, because there's a lot of pressure on them right now. and it's being felt, as nathan said, and voiced loudly by their users. >> thank you, gentleman, nathan and scott, on our program tonight. >>> our question of the day, what do you think of facebook ending its face recognition program? it's on our fac

microsoft will also take a stab at the idea. emily chang spoke exclusively with the ceo. >> it comes down to bringing the real world people places and things to the digital world. for us, this is by the way happening both in the consumer space and in the commercial space. seven years ago is when we launched hollow lens. we talked about the gaming applications and the enterprise applications. this pandemic if anything has made the commercial use cases much more mainstream even though sometimes the consumer stuff feels like science fiction. i was able to go with it to the nhs hospital in the u.k. and do a virtual visit of the covid wards. i was able to go to the toyota manufacturing plant and to a remote site and even the space station. the ability to be able to have the malleability of digital really helps ring links together. >> you are working with a number of partners including facebook that just unveiled the metaverse. what do you think of their approach? >> we love that there is so much innovation going in. whether it's from

. >> in previous generations of technology, the identity systems came with the platform you got microsoft network, you got an active directory with the windows server what's different about this generation of technology is identity is so important and weaving this universal policy and security across all of your technology is so important. your can't trust it to one platform vendor. if they're selling you identity, they're going to guide your choices in what other applications and matt forms you consume. so by being the only neutral identity platform, we give customers choice we're integrated to over 7,000 systems. and that number of integrations is growing every day as more people integrate to us and they can choose what collaboration tool they want they can choose what developer they want to be successful >> and no one does that, which is why you're the leader and the best stock in this group i've said that a long time, because there isn't -- ythere's nobody else that does what okta does i want to congratulate you an amazing company amazing stock, too thank you. >> thanks, jim >>> comin

that bought in for 7.7 billion in 2011 and then dropped the mcafee name and reinstated the name when microsoft sold a majority stake in it to a private equity firm tpg owning nearly 66% of mcafee so you have a situation where mcafee is looking to go private in a deal and the talks are said to be advanced and seeing the share price move at the moment. >> thank you so much 18% move higher for mcafie. >>> october jobs data better than expected. 531,000 added and the unemployment fell to 4.6%. bring in jason furman, former counsel of economic advisers clearly an encouraging print are you worried or still surprised that the participation rate is low? >> we got upward revision for the last two months. unemployment rate lower than i would have thought but the biggest and vexing problem in the economy right now is how low labor participation is millions of people still on the side. >> do you feel like we're going to get a point fairly soon where the fed feels the jobs part of its mandate is met or/and such that they act regardless >> they're not going to regret the announcement on wednesday. it's nomi

it's not going to come out of microsoft or nvidia. so it's the names people know. do you think what people want to rotate into value they're really juiced up getting into a dow, a d-o-w, or some of the names i'm long they don't know those names. people go back to what they know, what they're excited about. i think it's the end of the game for the high valued stocks that everyone just found out about. >> i don't want to pick on kathy wood over at arc but throw that one in because it has been a rough ride. they are symbolic of that retail trade and what was amazing about that report -- and we ever highlight reports to this extend but, pete, it is still heavy in this market. they're still in there when it comes to daily active traits, to call option, and that tells me they are suffering, weathering, you used word from this pullback, whatever we're seeing from the past month or so. >> yeah, i find it interesting because i wondered when the time would come we started to go after the high multiple stocks it's a combination of a lot of different things going through this

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maybe microsoft is these are trading at big multiples. they deserve to do so, though, because their earnings growth justifies them >>> up next, looking back on guy's pick from last time he was on walantir we'll check it out back in two. and that's just basic wavy guy maintenance, right? next up, carvana. oh, boy. carvana just doesn't seem to understand how the test drive works. they give their customers seven days. and if they don't like it, they give 'em their money back. wait, they take the car back? that's crazy! what if it was driven by like a zookeeper? or a mud wrestler? or a guy who's on the outs with the missus and he just needs a place to sleep for seven days? yeah. (vo) buy your car online. love it or return it. with carvana. (music) meet honeywell forge. analytical software that connects assets and people. to deliver a cybersecure record of your entire operation. honeywell forge industrial grade software. it's time for the ultimate sleep number event on the sleep number 360 smart bed. what if i sleep hot? or cold? no problem, t

because there was probably i would imagine a lot more scrutiny in microsoft internally in terms of the competition in the marketplace and what kind of stance they talk in terms of being more aggressive to competitors. so, i think that's what we actually saw that there was a regressive mess in the marketplace regardless of whether or not the company was broken up. so i don't think that was the key. it was just the change of attitude that happened as a result. >> thank you. this one is for jeremy. why are both republican and democratic administrations stopping big tech from acquiring small companies and what could become the competitors and i will join with another question which is any thoughts on the difference in the u.s. being republican or republic, sorry, not a democracy modifies the perspectives on policy so basically, how should we interpret the differences between the parties were look at the system and understand why we are where we are? >> one of the things we do in the book is frame the long-running race between the democracy. the moment we are in there is a kind of deeply an

nasdaq a record high as well, microsoft once again is on a tear yields come down and people rush into tech. >> yes, they go to adobe, which isn't talked enough about. i find it over and over and over again, even before microsoft, of course they have no supply chain issues, no issues. i don't know why the stock doesn't get respect that i expect it to get i don't understand that. >> well, we have -- and we've all pointed to obviously incredible performance >>> guys, something we haven't talked a bit about is spacs. it kind of points to things that are still going on, what was still one of the biggest trends earlier in the year, rather than later -- >> uh-oh. >> you can't resist that don't know if you noticed, there were four termations this deals, double what we saw in october. automatic terminating their deals, talking about market conditions, inflation, and we spent a lot of time talking about the performance overall of spacs, those that have yet to announce deals and those that have closed, including pay safe last week, which i noticed had a three in front of it ever so briefly. ther

a knack for taking advantage of market timing and in march paul pelosi exercise $2 million worth of microsoft options just two weeks when her daughter got a $22 billion contract with high-tech headsets. and then right before joe biden announced electric car incentives. in june, the pelosi family cashed and being time just before congress was set to pounce on big tech. mr. policy exercise options on the period company also that making five.$3 million. to be fair the policies have never been indicted for insider trading on —- trading but in investments and access combined with import —- fortunate timing has a lot of suspicion. we just follow the money and there is a lot of it. thanksgiving kicks off holiday travel season and it is about to get wild. southwest airlines whistleblower exposes my all five meltdowns. and protect against vision loss. visit noweyesee.com and take control of your sight. jesse: holiday travel season season officially kicked off with americans flying for the thanksgiving weekend. the tsa is expected to see 20 million passengers this week but just one.2 4 million expe

emily: you are partnering with companies like microsoft and deloitte. how much do you expect as a result? >> that has been extremely fast growing. we have seen for the past year as companies try to find parks and training of their teams that they just want masterclass. we in the past year have signed deals with folks like square, deloitte, and for the next five years that will become a major stream for us. emily: what has demand been like as we come out of covid? we have less time at home for personal enrichment. any concern for a slowdown? >> i am not concerned. the demand for people to want to learn and grow is just increasing. also, we are about to go into the holidays. we are a gift that is not stuck in any port, it is not delayed. i am thrilled and excited for the end of the year. emily: what about demand ahead of the holidays? i know that masterclass has often been up off ash popular gifting option. >> it has always been. we have a class for everyone. it is a great gift and also one that despite the slowdowns and the supply chains, it is one that

microsoft unveils its version of virtual worlds for business. my exclusive conversation with ceo satya

amd was downgraded today and its stock went up, what does that tell you microsoft for the azure salesforce goes higher all the time, adobe for creative i and throw in snowflake for analytics. these are the brothers and i leave the rest to others finally, let's do boring and basic for the people who haven't heard anything i said. we'll give you energy stocks even if oil and gas prices come down, they will buy these stocks i doubt crude will shrink to the 60s before the end of the year chevron, pioneer and devin are on a roll. and this won't be stopped by a president who wants to stop drilling here on federal land. less they drill, higher the prices and opec is begging them to clamp down more. bottom line, i'll give you more anointed teams as november goes on because this is one of my affluent, 16 years, the beginning of november is when i always do this and everybody really loves it. i want to give you my preliminary list early so you have time to do homework and take action on your own electric cars, alternative energy, the metaverse, cloud and old fashion oil and gasoline you want to see

the ceo of microsoft told me that cyberattacks are the new pandemic. is that how you would describe it, and how do we get everyday people to understand how big a threat this is? jamil: satya is exactly right. there is a pandemic around the globe. we see these attacks spreading broadly than we have ever seen before and coming after critical infrastructure. take the case of this young woman who came in in 2019, comes into a hospital in alabama she has her child, everyone was focused on, the cyberattack a lot of stuff was going on. they are not able to communicate effectively and there were less eyes on the baby's heart monitor. nine months later, the baby passes away. terrible incident. you could tie it back to some of these incidents. there are even more direct ties if you think about what might happen if our water supply was affected or if power went out and services were not available. as we are seeing this we are realizing this is a concrete challenge for people. part of the problem, emily, we have become accustomed to lots of cyber reaches, our data

. >> if you are a microsoft user, check your email. you could receive a gift card of up to $100. they have been sending out gift cards randomly. it has confirmed a bunch of products that the online stores kind. union city man is helping his custom car turns into a hot wheels toy. every year, hot wheel searches for vehicle that will be sold worldwide. john ashley robertson showed us his creation. he turned a beat up 2003 nissan 350 z into what you see here. his car is now one of 10 that made it onto the hot wheels legends finale. >> to be able to do this and then to just know that forever, people can appreciate something i've made, i made it with my own hands, and is nothing like i was trying to do this at all, i was just having fun. now, it is part of the like, stores everywhere, and across the world. it is supercool. >> wow. the winner will be announced to jay leno's garage in burbank. >> the five -- final day of the climate summit in scotland. it is a critical argument for the final agreement. climate change phrase that will be pushing back the entire conference. >> plus, brand

if you look at microsoft and amazon and twitter and instagram, they all -- they are global firms and they are reacting to input and stimulus of disinformation around the world. how do we avoid this gray zone warfare not just in the united states -- because it is one thing for the united states have a plan which may or may not work -- but also different countries have different rules. how do we look at this globally? paul, why don't you go first? dr. stockton: it is a great question, john. looking at the ongoing efforts of russia to weaken nato and to divide nato partners so that when a crisis comes we will be less likely to be able to operate under article five, agreed that collective defense is needed, they are going to find a weak link in the in -- the alliance in order to disrupt that decision-making, just as i believe they did so in slowing the western response to rush's invasion of ukraine and seizure of crimea. i would like to take your point a step further. right now we are at risk of creating two silos of excellence. over here we have preparedness for information operations.

that's the 3rd most valuable company behind apple and microsoft. it's up 70% this year. i would call it the pandemic. a liftoff winner because last year, this time we're all at home and world teach our kids how to use google documents and google drive for school so that for years to come. and you too pulled in 7.2 billion revenue. the recent quarter. more than twitter snap lead in all combined. so things are good. google off about a little bit goofy of a name. their moonshots in newark out, try to get hot air balloons to deliver the internet trying to get kites to deliver electricity right still a very good to very strong company. well, i you got to be and so well, we all kind of got used to going right. like you said, we learned about google. >> i still and i keep telling you this i'm unfamiliar trepidation about bitcoin, but it's doing well. ether is the one o one of them all. okay. but advisor. so what's going on with the clinton. bitcoin hit a record high today as did the over 68,000. i like if got smart contracts, more of an operating system per se. >> then a curren