i think it will be the stalwarts of, you know, google, amazon, you know, a larger cap companies that can continue to grow. even when you look at the p/es of those, while they're not low by any means, they're nowhere near the more speculative p/es of the others. i would stick. you know, cash wouldn't be a problem in that scenario having said that, i think it is unlikely i think the world is tired of shutdown and is willing to take more health risks now to keep things open. i think better would be this would be a huge push towards vaccines and to pushing that road along, which i think in the end would be quite helpful to the market >> chris, great to get your thoughts thank you. >> thank you, melissa. >> chris grisanti. >>> activist janet partners has a new target in its sight. let's get to leslie picker for a market flash >> melissa, that's right jana partners looking for zendesk. shares are trading higher on the news, first reported by "the wall street journal. momentive coming back about 2.7% right now. i'm told the activism shop sent a letter to zen desk i have not been able to con

what about google, return of advertising travel and the rest of the but it is up 64% year-to-date >> it is up 64% year-to-date, but i think it is still a company that is very, very well position they're not in the kind of problems meta has right now, at least on a regulatory basis. i think it is a company that is really going to benefit from just expanding economic growth as more of the economy grows, the more i think google in a lot of ways is going to benefit. even though they're really considered tech stock, in some ways it is almost a cyclical stock as well, particularly because of the advertising component. as the economy recovers i think google will benefit from that. >> quick question on the way out here tell me how taxes are affecting strategy and planning right now when we don't know what is going to happen with the build back better act >> well, here is the whole thing. if you are an investor out there, you have to ask yourself are taxes going up or down if you think they're going up next year, then maybe it is time to take some capital gains for those of you in the plannin

. >> kelly, news on google cloud, saying it is dealing with issues here specifically they say they're experiencing an issue with cloud networking beginning today, they said, our engineering team continues to investigate the issue. it does appear to be impacting some names, snapand spotify among other apps we reached out to google cloud for more clover. color. we will get you that if and when we get that. back to you. >> thank you very much >>> up next, a new report showing one key inflation component is surging, and it is not food or fuel related either. we will reveal it next >>> and if inflation is going to be persistent, how should you hedge? the assets to buy coming up on "the exchange. we also want to show you shares of pfizer as we head to break. the shares higher after the ceo says the company is hoping to submit the covid-19 pill for emergency use authorization as early as today this made it turn slightly positi escoen from the stat summit we are back in a moment. [aflac!] that's a lotta money. ♪ did somebody say money? he said aflac. well if they're paying out billions of d

is what is ahead this hour >>> year-end risk management from elon without the eccentric to russia's google to no more vaccine fights our guest has three picks for your portfolio >>> plus, it is time to buy crypto, food and clothes we've got the moves, the story and the trade on three key earnings tonight why our trader is bullish on coin baste, doordash and posh mark >>> commodities out of favor with investors, essentially flat or lower over the past month could it be the perfect buying opportunity? goldman says yes and we will talk about that. >>> first today's market, dom chu here with the most important numbers. >> the reasons they're saying the words super and cycle together a lot -- by the way, kelly, if you are looking for one place in the market that's been on a super cycle it has been the stock market. you could argue since the great financial crisis and the emergence from it ban in 2009, 2010 still at markets pulling back today. we hit, remember, record highs for all three major indices within the course of the last few trading days, but today down across the board off the session

and they have a thing with google over hosting on the youtube platform that won't go away can roku maintain dominance? maybe these fights in some ways recognize how important it has become >> look, i think there are so many underlying issues that are separate from these fights that are really about the shift of people from traditional linear tv into streaming and also of advertisers onto roku's platform and roku's role as a company they can target as on to connected tv looking big picture at expectations, theskp expected to grow revenue by 51% earnings per share are expected to drop 33% from a year ago quarter. one of the key numbers that analysts and investors are always focused on are user numbers. how many people are accessing their roku the active account numbers 56.7 million. that's the key number to watch one thing that roku is exposed to, is supply chain. the question that i will be most focused on is maybe how much this company is impacted from those supply chain issues not just for its devices but also advertising. we have heard rumblings from different companies that they have see

a little bit of kind the don't be evil mantra, which has now morphed into kind of a punchline with google today. >> yeah. >> when you are new and growing fast you can afford to be idealistic, but at some point it comes to, we are 90% ad supported because we are worth $1 trillion. i am not saying you are going to morph into that. what is the change that allows you to not be ad driven? and how different is it from the platforms we have seen in the past. >> from the ground up there are no ads there will likely never be any ads on this platform it is all about the engagement with the objects, the brands, the items, the clothes, fantasy stuff, everything you can think of that we are trying to basically drive affinity for you have the whole cycle of consideration down into purchase on one platform. what that means is we are not just doing ads to kick people out to other places. we are actually doing everything here that's why we are never going to have that same problem and it is a powerful idea. >> how do you make money talk about what your plans are for 2022 >> sure. we make money when users

companies with second or third apps, and the great companies of the world, the apples, microsofts, the googles, they all have that. tesla and nvidia, they have that even smaller companies, they have the same thing. they may, you know, smaller opportunities than the goliaths, but we look for companies that can do it again and again and again and keep that growth going for longer, because when you think about the best growth investments literally over the last 20 years, these are really companies that could grow faster for longer remember, amazon started out as a book seller. no one expected they would be what they are today. >> a cloud giant and the rest of it why isn't facebook on this list, or meta. sorry. >> there were definitely some issues with facebook that are really, you know, hard to figure out exactly where they will go so, you know, where they are in, you know, the public, where they are with regulatory issues, the impact that idfa will have on them so we have significant investments and, you know, what i'll call digital advertising, digital media, we just don't have investment in fa

let's look back at the market cap just below the marquee level, the first time for google joining microsoft and apple, which those two are around $2.5 trillion stocks. it is the fifth straight day the stock is higher, an all-time high, of course, up 70% this year meanwhile, peloton continues its decline. it is the worst performer in the nasdaq today look at the shares, down 7.7%. they're now down 45% for the week peloton back around 51 over to tyler mathison for a cnbc update. >> i have to do a 45-minute hidden hills later today to get the stock back up. let's tell you the news at this hour police in missouri arrested a man they believe shot and killed six people across two states perez reid has been charged with two kountsd of first degree murder police sources say they recovered a pistol they believed tied to all six killings when reid was arrested. >>> on the news tonight, how police tracked him down and what similarities the cases share that's tonight at 7:00 eastern time, ""the news with shepard smith"." >>> covid infections in germany hit a record high on the same day that vaccinated

things like apple and google, companies that can raise prices and customers will pay those increased prices >> chris, is it also possible people don't have to overthink it because owning the market broadly speaking has been a great way to defend against inflation right now. it is almost literally the flip side of what we've been witnessing there seems to be a general idea the stock market itself has enough pricing power to protect your portfolio >> it really depends within the s&p 500, clearly it is a market-capped weighted index so you are seeing more higher quality, better brand companies that are taking up a larger part of the index, to some extent owning an index can help you in an inflation environment. even with the s&p 500 there will be winners and losers and you s see a big difference between the companies that can preserve their profit margins or move higher and they will see the margins compress once the investors see margins compressing you will see a run for the exits in those companies. that's something you want to avoid and not own the index in that case. >> i should me