cloud google also making a $1 billion investment into the cme. terry, the chairman and friend of "fast money." >> i want to wish you a very happy birthday i would sing to you but my throat is sore after talking to my board for the past several days about this deal >> i will look forward to another one. you do that. >> when i see this, i think of cost savings what is the cost savings in this >> you can point to cost savings, but it's growth and expansion of the business. when you look at where the world is going, revenue streams come and go every one is associated with technology when you have a new idea about an application or new procedure you want to bring into your organization, you have to have the technology associated with it sometimes those technology inputs could take years. if you are second, you are last. this is another way for us to capture revenues on a real time basis, getting under the google umbrella which is so large and fast and allowing usto grow ou business exponentially i am excited about the growth perspectives of this there

you negotiated a billion dollar deal with google a couple weeks ago. you have had a couple weeks to think about it, look at it and take a deep dive from a different advantage point. what are your thoughts a couple weeks out? >> a good question now we have had an opportunity to catch our breath and let the market absorb what we did with google i am hearing a lot of positive things from both sides, banks and other participants i think they realize this could be a massive cost saving i didn't talk about this last time, but a little bit about cyber and what it means to be under cyber watch. it's amazing i heard karen talking about how google is a growth company they are a very forward thinking company. i think a lot of people realize what the benefits could be on this goggle deal even though the investment was interesting, we won't be talking about that we will be talking about the benefits over the next ten years and beyond >> this is karen you are a master of the trading dynamics is the retail traders this time different, and how do you think this plays

google from 20 years ago of connecting the retailer to the audience, right. we're hearing from affirm earlier this week. max talking about how buy now and pay later, shopify has been a huge volume driver for that. and now even google like one of the names in volume turning to shopify for ecommerce volume is amazing. >>> staying with ecommerce shares reversing direction after losses grew in q3. courtney reagan joins us with more on how direct to consumer businesses have faired since going public inest thering quarter for them they raised their full year outlook and they are leaning in on investment here 35 stores they still plan and they argue, hey, look, you know, vertical integration, we don't get hurt as badly with these shortages. >> yeah, absolutely, john. i actually found a lot of interesting nuggets sort of in this call because it was the first quarter that warby reported results as a public company. we got to get more color and background information on sort of the inner workings and for so long i think so many people thought that stores just really we

google. it has risen to a 9% holding in many accounts. that's just simply too large the weighting in the s&p 500 is around 4%. i'm trimming it down to 5.5% it's still a huge position in my portfolios and i'm bullish on google this is risk management and i'm taking the money and putting it in names that last week reported earnings and where the market, response, in my opinion was far more negative than the results merited. in fact, it was all on the guidance i'm adding to amerfghanistan airlines and expectations have been reset that leaves room for them to outperform i'll say one more thing. i don't want to hog the air here microsoft, i trimmed as well and now it is below average size in my portfolio and it's below the market weight. when i look at the forward multiple, the next 12 months' multiple on microsoft i see it at 34 times. if i compare that to google which i've said above market weight, and it doesn't deserve nynex trois turns on the multiple versus google so i'm trimming it below ma

>> i think, listen, if you look at the big three clouds, aws, azure and google azure 49% and google a little slower at 45%. but if you look at what is called the remaining performance application or backlog, they all have a very healthy backlog and my suspension maybe they had a one quarter of aspects deploying and slow down a little bit and no material change and talk about industry solutions john, you have made this in your previous shows as a point as one of the reasons they differentiate the aws folks talk about ai as one of the key reasons they differentiate and azure talk about the breadth of the portfolio the reason they differentiate. collectively $123 billion in total revenue growing 43%. that's amazing that never happened in the tech world ever before. >> yeah, really interesting, sanjay while we have you here, i want to get your thoughts on the security space we can't talk about cloud without talking about glowing demand for security, as well how do you see those players competing right now which are best positioned? >> yeah, julia, i think if you look at the security space

as you mentioned, google has a history of very outspoken employees. they've been able to get things changed do i expect they could get this turned over at this point? i don't think so in this tight labor market, it poses challenges >> speak about this latest in terms of google's changing can you will tur you've reported so well on. they started, don't be evil encouraging feedback but that is has turned into an issue >> the company has always had this open discussion, channel and culture. you've seen the company changing its mission from don't be evil to organizing the information. it is a shift. part of that is a shift of how the company is approaching business as a talent attractor this company that was like a fun search company turned into a corporate business focused on cloud deals, big corporate deals that is part of the company's past and history >> thank you for that. >>> by the way, the exclusive scoop lives on cnbc.com. tech check is back in a minute that's the thing about claims, you see. they don't happen on your schedule. i mean, take a che

enough is enough hundreds of google employees drawing a line in the sand over vaccine mandates tis the season for a data breach a warning of hackers striking over the holidays. >> and a morning rbi puts president biden oil in context this is "worldwide exchange. >> good morning. good afternoon, good evening happy thanksgiving eve i am brian sullivan. thank you for joining us think about interest rates and maybe turkey stock futures tuesday, merely a mirror image of monday. the dow up tech down and commodities up dow futures are down about 130 as well. nasdaq futures are lower the dow has done a little here and there. a pretty sizeable decline with the underlying story nasdaq futures down about 34 points small caps lower as rates try to claw their way higher. yield is lower at 1.64%. looking at oil and the strategic release. oil looking a little higher. this is why at 5:00, you can't look five minutes earlier because things change. there is no volume oil is down. we'll explain why or at least try to in the rbi coming up the in this case in asia overnight china slamming the biden adminis

you can buy both facebook and google at a lower multiple than apple. and don't forget, apple is a massive pandemic beneficiary and so, for them, their iphone revenues over the last five years, fiscal 15 to fiscal 20 were down 11% over five years before you had this pandemic benefit. ipad, mac sales were also down year over year before the pandemic hit so, you know, for me, it's -- we like facebook a lot. we like google a lot they're growing 2 to 3 times faster and buy them at a lower multiple with faster growth rates in the future. and we haven't even gotten into the risks around privacy and what that does to their app store or take rates. >> right, dan. how much weight do you put into the services piece of the apple story? still a relatively small portion of revenue, but if you think that during the pandemic, they were a beneficiary and were able to grow that installed user base, could that not provide greater than expected growth >> well, don't forget, i mean, that's the whole reason the multiples has gone up so much despite the growth that they've s

google, amazon, ibm competing in the space. industrial companies as well are looking to get into the mix. honeywell in there similar to classical computing, it's starting with the massive super computers, really used by universities and research labs to start and then on to the b2 b business applications. pharmaceuticals. health care, biotech, climate tech we will he is early applications for quantum and finance. it could be decades before there are consumer uses and quantum will touch everything we do. finally, guys, it will help power the metaverse, of course, which will need a lot of computing power. >> you had to throw in the metaverse, didn't you? almost a whole segment without it you talk about the startup space and big tech looking to get into this still very, very early stages. i know you said -- and a lot of vcs will tell you there is room for everyone we have seen other tech trends play out like artificial intelligence, ibm early with watson ahead of it then sort of overtaken by the startups that many of them have gon

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 still holding. haven't been buying as of late rebranding and shaking up their story a little bit as they move into the metaverse investors we're in a position the near term sets up nicely but you don't want to go overweight in areas that may be overvalued in the market. you had a cryptocurrency graphic up i think there's room for the coins and tokens to take off areas you want to stay away from is the companies that are going to have problems and inflationary pressures you mentioned we are seeing rising costs if your company in the business model is going to be underpressure due to the rising cost we saw starbucks earnings they had a little bit of a struggle they'll be raising w wages.

google was number 21 and tesla was number 23. and monster.com teams up with the military.com to produce their own list of the best employers for vets as with the vets index rangings this is filled out by the companies themselves so it is more about recruitment numbers. they found the most military friendly employers are hiring teams for veterans and they also accept military training in places of civilian employment credentials and high quality on board for families and a couple of government agencies and tsa and both part of the department of homeland security but the publicly trades ones are man tech international, chevron, caci international, and general dynamics and leidos. and then there is a honorable mention group where they highlight applied materials, chub, lockheed martin, pae, penske automotive and tex tron and union pacific and xpo logistics. it makes sense when you see defense contractors on the the list who knows more about logistics than the military. whoever they had supplying our troops in afghanistan where we go

he found friend feed acquired by facebook which led to his becoming cto before that he was at google as a product manager. he has good product chops. >> dorsy writing on twitter or memo, you have no idea how happy this makes me with bret taylor becoming chairman. when we talk about the differences between other founder-led companies, something that twitter does have if not market cap in size to the other ones that we mentioned like alphabet, apple, amazon is the regulatory pressure. we've seen those ceos step down over the last year and a half at alphabet, am von i wonder do you think this has something to do with the jack dorsey simply not enjoying, testifying in front of congress and all the pressure that he faces as ceo of twitter? he didn't step down as ceo of square >> that's right. look, there's no doubt that in a lot of ways being ceo of a platform right now is not a fun job. there are going to be more hearings there's legislation moving through europe right now that's going to put some really onerous requirements on these platforms. i can definitely see jack wanting to step a

we're em bbracing google cloud, they're embracing workday. it's a great way to work together they understand how our products work as use ers and they have a amazing cloud along with the other providers out there. >> man i know well, doug dearly from philadelphia, i asked him, i said, you were mentioned in one of workday's releases. he said, they're coming in, they're going to convert things, we liked them immediately, we just started working with them what will you be doing for now. >> i think that toll brothers just like many companies are looking and seeing that there's there acceleration gap what they were able to do in the p past and what they need to do in the future being on a platform like workday, allows people to run in the now. recalibrate, ahave all the data at their finger tips, recalibrate, new processes in place overnight. being able to really accelerate their business by being on this new cloud 2.0 platform. >> so there must be people at this point looking at your business and saying you know what, we got to stop you won key b

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

. >>> we have a news alert out of europe top union court upholding an antitrust ruling against google. giving it an unfair advantage. google can still fight this is like me drooping a din why china is buying uch all of the gas starr can. more about prices in europe and around the globe >>> today's big number $1.1 trillion. the total originated mortgage debt according to new york credit report. just 2% of originated mortgages were to sub prime down from the 12% average in the leadup to the housing crisis er work becomes... the servicenow platform will make it just, flow. whether it's finding ways to help you serve your customers, orchestrating a safe return to the office... wait. an office? what's an office? or solving a workplace challenge that's yet to come. whatever the new world of work takes your business, the world works with servicenow. ♪ (vo) reflect on the past, celebrate the future. season's greetings from audi. t'was the holiday season, and joy filled the town. except for scrooge with his perma-frown. no! the gift of a peloton bike did touch his soul. riding fast, flowing

you think those two top runners are microsoft and google, because they still have huge growth and they still have good margins and you think apple just -- you know, as amazing as a company it is, might be getting a little bit left behind here, at least in relation to microsoft or google? >> i think so. alphabet is a rare -- not rare stories but i think if you look back five, ten years it has been an underperformer within the large cap growth complex microsoft transformation has been out of this world, what they've done over there. but as you said, i think you check the boxes, microsoft and alphabet they have elevated margins, enormous scale and impressive growth showing no signs of slowing they benefit from secular trends and that's where those stories come together and celebrate themselves from the larger cap growth nvidia, what they told us last week can potentially be added to that bucket, my concern there is some of the recent activity wreaks of a retail footprint but in terms of the names growing from secular growth scale margins, microsoft and alphabet are unparalleled in that un

they've got google, aws, azure they're all customers and their data center chips are critical if you think about where they're going and they're competing with nvidia, nvidia's a100 chip is an ai chip. amd is going at them head on in ai, their ability to xuft f compute faster and look at what's happening with nvidia. the headline as a sexy headline but i tend to agree with the guys here. i'll take dan's 50% in the last 35, 45 days, to 85% from july. so i do think the stock's had an incredible run the valuation is difficult and i think it's been a transformational time. >> looking at it from a facebook perspective, karen, renaming itself meta platforms signals its commitment to the metaverse and therefore its capital commitment to the metaverse. this may be a small -- i don't want to say it's a small contract it may not be a big deal in terms of amd's overall valuation, but this could be the tip of the iceberg in terms of future contracts and business from facebook which clearly has a lot of money it wants to spend on the metaverse >> right and obviously they're not the only one it se

. ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ this is called momentum. and there's no off-season. just work that builds on itself over and over and over again... becuase the only way is through. moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. >>> day 11 of the climate summit in glasgow the british prime minister, boris johnson, urged world leaders today to be more ambitious in tackling climate change. >> we have to bridge the gap between where we are and where we need to be if we're going to cut emissions in half by 2030. and we need to pull out all of the stops if we're going to do what we came here to do. >> prime minister johnson admits the conference won't solve climate change on its own but he says h

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

. ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ >>> covid watch. europe was one of the first regions in all of the world to rule out vaccines. now many countries are talking about another surge in infections it's raising concerns. europe accounted for more than half of all covid deaths worldwide last week. that's from the world health organization russia, turkey, and the united kingdom reported the most new cases. infections are also rising fast in germany, the country reporting more than 50,000 today. that's an all-time high for germany. officials scrambling to put new covid rules into place. >>> and israel just conducted a nationwide drill to prepare for possible new variants. the israeli prime minister said it had the format of a war game. >>> in the united states progress appears to have stalled. there's new data that shows infections are once again starting to rise slightly. situations are very different depending on exactly where you live a dozen states are reporting at least a 20% increase in average daily cases over the past week those stat

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 corresponding elevated price rising we still see when they get to shore, supply constraints in terms of trucking, warehousing

and the final details are being ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ (man) go on, girl, go on and get help! [heartwarming music] (man) ah! (burke) smart dog. with farmers crashassist, our signal app can tell when you've been in a crash and can send help, if you want it. get a whole lot of something with farmers policy perks. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ >>> it's the last day of the u.n. climate summit in glasgow, scotland but the deadline has passed, and delegates are working around the clock to get a deal done some climate pledges have been achieved, but some crucial ones have not in glasgow, here's diana olek. >> reporter: the negotiations were ongoing early this morning. as the frustration and fury was wrapping up. >> we have to live up to the expectation of young people who don't want this place just to be a place of words. >> reporter: a draft of the final decisions was released with some progress and some disappointment it leans in to the 1.5 degree celsius limit as a goal, but holding to 2 degrees given the countries' emission reduction targets, global warming

from google came over to apple a few years ago. they have caught 70 vehicles that have been moving around the bay area they been doing testing. and maybe just to put a finer point on behind, apple is i guess light years behind when it comes to inif i it in years behind when it comes to building cars there is no comparison but a.i., which is really the substance of autonomy -- on that front, they are doing really well and it's hard to gauge where it's at because we haven't -- i haven't been in one of those vehicles but i can say right now the benchmark is tesla i recently was in another tesla that was running full fsd. at moments it was quite scary. most of the time, it was really impressive about where the tech is at. i think that when apple -- and you stack apple against tesla in terms of tech prowess, i think they are probably closer than you think to where tesla is at today. >> that's very interesting i have the same sort of sense of i have never been in anything autonomous or even semiautonomous so the fear factor is a big one

from september 2, 2020, to present, google is up 73 microsoft up 46. s&p up 30. apple up 23. it's been a real laggard since that blow-off. look at the next slide, data table. what's happened over the past month? the exact opposite tremendous performance from apple. relative strength, one of the great factors in investing is showing us that something is going on three charts an apple chart that picks up the covid low. no judgments or annotations by me next chart, draw some lines. one way to draw the lines, my eye sees, and we are moving above that upper bound the final chart, a short-term chart, it puts it all in context. this is the definition of a breakout, a textbook move to a new high if you look at all the factors that one can look at earnings revisions or evaluation or balance sheet leverage, over time one of the great factors in investing is relative strength today's relative strength in and of itself is nothing short of shocking >> back to microsoft, carter i couldn't help but to notice the big gains that we saw up 46% and then unchanged over the past month. is that ju

a pair of twos is not particularly good as i understand it according to google >> how you play your hand depends on more than just the cards you happen to be holding when we use options we limit some of the downside rick. we talked about the premiums being slightly elevated. to put things in perspective you have the money calls that expire in january, alone they're nearly 10% of the stock price a $26 stock at the money option that expires in basically less than three months will cost you $2.60. however as you look at that wedge and you see the range, you can see why the options premiums would be as high as they are we're looking at 10-45 dollars there in a year's time i think we want to buy those january 26th calls, if you a bullish views, and the out of the money december 31 calls you collect about 65 cents for those. you're paying for the january options and that is a way to help off set that decay. you could say spending $1.80 on the option's premium seems like quite a lot but when you see how much the stock can move you can recognize that the protectio may be worth it. >> viewer will

but the overall metaverse narrative is more google glass than google search, joe. >> i think you just took a stand, john. i don't know you seem more animated about the ought hand side of this how do you think investors will tell the valuable parts from the hype >> well, joe, tech does this every once in a while. big tech companies decide to put a bunch of marketing ideas, sometimes it's too soon. ten years ago, part is cities and really it wasn't time for that yet you really got to watch where the demand is, where the end user demand is leading, not just, where oh, boy, if we want to connect all these dots, this should be what the future is the future that thinks things should arrive often doesn't. >> we were talking about disney and throwing out the metaverse for disney where do you put that? if it's a tech thing, disney is out there, how do you evaluate that >> disney has genuine depth of concept. they bought up modern mythology in a certain way blue clunk metaverse, once this free marketing concept facebook and others are putting lots of ad dollars behind, everybody will pick it up

you know, this doesn't say anything about google or anything or the android or anything like that so i just think it's an interesting approach to this and if you look at other countries, other countries have pursued national digital ids, identification cards but from a platform so it's not necessarily a $250 trillion, you know, $2.5 trillion tech company that is taking advantage of this >> but have they been good have they functioned well i guess is the question? hugh, it's deidre, by the way. in the early days of the pandemic we had this novel partnership between apple and googal and they were going to partner to do covid tracking and this was seen as the best technical solution but so many questions around privacy and how they were going to do it and perhaps hold up with government entities do you think this could go the way of that and just not really get off the ground because of all these concerns >> well, i think if you read the contract, it's really clear and apple is super descriptive in what it needs and requiring the states to work with law enforcement, for instance and irs

>> we have inda, industry leading technology it's backed by google and amazon the hyper scalers. we use that to deliver a conversational and delightful experience this is not the frustrating bots we've seen 80% attach to -- >> attached are people >> yes 80% of the businesses that are buying our software are adding the ai into the sale so they can take advantage of these efficiency gains. >> everyone knows the brand under armour >> yes. >> why do they need a call center there's an example tell me how it works >> sure. take any retail company really often you're not -- you're buying online. >> right >> you have a product. you have a problem you have a question. sometimes you can't get the answers that you need so you want to be able to contact and connect with a human being that's part of what we deliver but we deliver all of the other technology for under armour to directly engage with their customers. my son, huge under armour fan for brands like that, they need and want to have a direct connection to their customers and we help provide that >> so let's deal with it one, the cust

>> well, brett taylor is having a big week i think everybody knows he had an amazing time with google and created google maps and he started a company acquired by facebook he became the ceo of facebook. that facebook started another company which salesforce acquired him the last 5.5 years. he has had a phenomenal run at salesforce and appointed the coo. congratulation on being the co--coo of salesforce. i couldn't be happier for you, congratulations. >> it's an incredible privilege. we have a life-long friendship and partnership. >> all right so let's dispel some things immediately. there were people who felt when you needed a previous co--ceo, therefore, you were done, going to the beach are you going to the pipe, run for president or whatever or stay at co-ceo >> jim, i love salesforce. you know that. you know, you've seen me with our commerce and how much fun i have with all of our stakeholders i'm never leaving salesforce this is my life pursuit. i couldn't be more thrilled to have a great partner here with brett taylor he's amazing this is my dream that brett would come in the co

a pair of twos is not a particularly good thing according to google. and guy likes this one >> how you play your hand depends more than just the cards you are holding. we were talking about disney's options premiums being elevated going into earnings. they have nothing on palantir. the call in january alone are nearly 10% of the stock price. so $26 stock at the money with an option that expires in three months will cost you $2.60 however, when you look at the wedge, you could see why the options premiums would be as high as they are we are looking at a range of 10 to 45 in a year's time much this stock can move around. i think we want to buy those january 26 calls if you have a bullish view and then sell calls against it the december 31 call is you collect about 65 cents that's a way to help offset that decay. you could say to yourself, spending $1.80 options premium seems like quite a lot, but when you see how much this stock can move, that protection may be worth it >> on "fast money" approximately ten months ago guy put the p in the hope trade guy,

google put it in the pixel smart phone. what is interesting, not a lot of people have a pixel not a lot of people use the onstar app and yeah, there are a lot of gm vehicles on the road but it is a much bigger highway than that. with the iphone, all of a sudden you are talking about bringing this kind of a if heture to a lot more people. >> could this be a glimpse of apple's ambitions in the car space? >> you know, that's interesting. i think the car space for them has been a challenge, as everyone knows i think they are still working that out they even had a change of leadership over there not too long ago, including somebody coming off of their watch business i think, look, absolutely, they have got designs to be in your car as much as possible. and this could play into that in the long run is this correct me if i'm wrong here -- >> correct me if i'm wrong here, i think a friend of mine, hurt his knee badly, and apple has function where if it detects that you have fallen it either tries to notify you or will call 911. don

we will be coming back throughout the day diana oleg thank you. >>> joe. >>> coming up, former google ceo eric schmidt joins us for a wide-ranging conversation, ai and ambition next, we will speak with wyoming senator cynthia lummis on d.c. spending and all things crypto she's kind of a crypto fan in washington or congress, stay tuned. are you watching "squawk box." on cnbc live from the nasdaq markets in time's square >>> make fitness routine with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. pure protein bars and shakes. for every fitness routine. i didn't have to shout out for help. because you didn't have another dvt. not today. one blood clot puts you at risk of having another, so we chose xarelto®, to help keep you protected. xarelto® is proven to treat and reduce the risk of dvt or pe blood clots from happening again. almost 98% of people did not have another dvt or pe. don't stop taking xarelto® without talking to your doctor, as this may increase risk of blood clots. while taking, a spina

versus microsoft throw google cloud in there, whatever, doesn't make a ton of sense, right you have to think about linkedin and the momentum particularly there. i think you have to look at office 365, they have this price increase that's coming in march. here on "techcheck" not too long ago arguing that the software itself was deflationary so even though they might be charging more for it, the customers will see value. you look through at what they're doing in gaming, in the cloud there. that too is software that there's hardware connected to it then i think you have to think about the profitability within those software models, carl. so, i think, yes, a.w.s. and azure is interesting to look at the growth rates there, but we also got to look at industries, how they're gaining there. we are talking to a.w.s. leadership next week about exactly that and just how much advantage they can gain in these various areas of strength, carl. >> yeah. no a.w.s. -- it's like a star tight end. great player and when they catch the ball it's exciting, but there's a whole other number of offensive player

. ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. >>> does it seem like you're getting more and more of the ridiculous spam calls? the one about the car warranty over and over again. i don't have a car warranty. stop it. to make matters worse, now they're texting. robo texting it's called it's getting worse and worse americans are expected to receive a total of 86 billion robotexts or spam texts this year up 55% from last year. that's according to robo killer. now the fcc is stepping in last month the agency announced it will soon look at a proposal to block robotexts robotexts mike keegan is mike keegan is officer of transaction network services mike, thanks i feel i've heard all of this before, the government what can they do >> what you have heard is robocalling occur a couple of years ago. now we're facing the same dilemma with robotexting there's a lot of tools to protect people from robocalling

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google cloud i'll bet you he would do it. i just think it would be good. it wouldn't necessarily -- yeah, i'll give you -- >>> mr. secretary, the president said famously a while ago, if american companies need more workers, and they clearly do, they should pay them more. is there a point at which hourly increases in wages and pay hikes would be seen as dangerous to the economy? >> i don't think it's necessarily dangerous. i think we have seen some increases in wages and participation of people going back to work increasing. this month was a good number if we look at since the up hack in office. 650,000 average jobs gained. so 5.6 million people have gone back to work since president biden took office. we're going to watch the wage number, all those numbers as we move forward here in the months to come. >> mr. secretary, thanks for sticking with us i know the helicopter noise is tough. we've all done live shots and it's not fun good to see you, though. >> thank you very much. >>> a programming note, the president is expected to deliver remarks on the jobs n

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. >> 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

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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

♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. so, you want evs, you have come to the right place. is that tom brady? yeah. he comes in to recharge, get software updates. you know. let's go! >>> travel and leisure stocks outperforming as the u.s. relaxes travel restrictions. seema mody with a look at some of the biggest winners seema. >> that's right, david the u.s. now bracing for a surge in fully-vaccinated travelers. a 2200% rise in books fromthe uk to the u.s. for the thanksgiving weekend compared to the last month the latest data shows the most popular destinations for international tourists are new york city, san francisco, los angeles. coastal cities that

. ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ >>> two iowa high school students charged now in the murder that happened yesterday of a spanish teacher investigators say the students documented it all on social media. the victim's name was naomi graber they found her remains in a park covered with a tarp and a wheel borrow and railroad ties she suffered trauma to her head. the suspects, two 16-year-olds are being charged as adults with first-degree homicide and conspiracy to commit homicide. both are being held on a million dollars cash bond. court documents show they don't yet have attorneys nbc news is not naming or showing them at this time because of their age investigators say an associate of the suspects, that's how they put it, showed them social media exchanges that provided details on the suspects' motive and the planning and the execution of the murder and how they tried to cover it up. not just iowa, school districts across the country are reporting a troubling series of attacks on teachers in parkland, florida, a freshman at marjory stoneman douglas high school attacked a teacher in the clas

. >>> and a new chapter for general electric, well, three really what the future holds r ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ welcome to allstate. ( phone notification ) where you can pay a little less and enjoy the ride a little more. now, get new lower auto rates. you're in good hands with allstate. click or call for a lower rate today. you could spend half an hour preparing for the half hour status meeting. orrr... you could cancel the meeting and share updates in slack instead. it's where your whole team is in one place so everyone can stay up to date. slack. where the future works. to make progress, we must keep taking steps forward. we believe the future of energy is lower carbon. and to get there, the world needs to reduce global emissions. at chevron, we're taking action. tying our executives' pay to lowering the carbon emissions intensity of our operations. it's tempting to see how far we've come. but it's only human... to know how far we have to go. every single day, we're all getting a little bit better. we're better cooks... better neighbors... hi. i've got this until you

i don't think it moves facebook stock like way mow didn't move google meta is option value for facebook shareholders. i like the stock valuation is compelling, there are overhangs that you know related to regulation and esg concerns i think a lot of that is priced in it is trading 25% discount to google with similar growth profile which tells you that if facebook can address any of the concerns, and maybe they won't, but if they can, there's a lot of multiple expansion you could see out of facebook. i think it is a cheap stock if you strip out some of the investments and cash they have i think it trades at a discount to the market and offers one of the best growth profiles in tech just does. highly profitable. i like facebook. meta >> and mark, you mentioned some travel stocks, but you cover expedia, booking holdings, airbnb is there an opportunity in any of these plays as you look further out? >> yeah, there is. you get spiking covid cases, the stocks will trade down you have to know that. you know that if you own stocks. of the three, booking was starting to break out and all of these

. >>> after the break, the man who founded google ventures will join us with a look at the opportunities he sees right now in the market and why he says technology is the only thing that can save the human race you're watching "closing bell" on cnbc. flexshares are carefully constructed. to go beyond ordinary etfs. and strengthen client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. ♪♪ for a prospectus containing this information. ♪♪ ♪♪ the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> tank 101 get their attention. all of you need to get a grip. >> an

>> there is a lot more spend going to google right now. people are talking about their product listing, ad prices going up etsy is so long tail we're buying things that are so scarce that bereally haven't seen a lot of price pressure and our performance marking continues to perform really well, in fact, the third quarter came in a lot higher on margins than we or a lot of people expected, because we pulled back on a lot of our marketing in order to test incrementality to test the extra return we are getting from that marketing. we were really pleased our organic traffic stayed strong. the q3 results were really strong on the top line, in spite of us actually pulling back on marketing. now in the fourth quarter, we're certainly going to be marking. we'll be loud. you will remind people of how etsy is different. it created an emotional connection this is exactly the right time for us to be telling our story. >> josh. so looking forward to seeing you soon >> thank you >>> coming up, aurora making its debut on the nasdaq today. we will speak t

meantime cnbc has learned a defense department cloud contract was a hot topic of conversation at a google all hands meeting last thursday. the ceo read an employee's question outloud about the government's capability program. google did not bid on the predecessor contract because it didn't align with principals, no work on technologies that could cause harm they asked what changed. in response they said there's many areas of the contract that could be brought to bear with no issues with google's principles. it is a sensitive balance for the company, which is trying to bolster its cloud division with high profile deals while placating an increasingly vocal employee base. >> so nice. >> do no harm, right >> hopefully they took that same focus on all their investments in china >>> coming up, the big takeaways from last night's meeting between president biden and china's president xi we'll take you live to beijing next and in the next hour, don't miss our interview with the carlyle groups david rubenstein. and a reminder you can watch or listen to us live if you so choose any time on the cnbc

figure out a trade given carter's view, pair of twos is not a good thing as i understand it according to google and guy likes this one what do you do >> how you play your hand depends more than just the cards you are holding. when we're using options we can limit some of the down side risks. we were talking about disney's options premiums being elevated going into earnings. they have nothing on palantir. to put things in perspective, the at the money calls that expire in january alone are nearly 10% of the current stock price when i was looking at those earlier today. so $26 stock at the money with an option that expires in basically less than three months is going to cost you $2.60 however, when you look at the wedge, you could see why the options premiums would be as high as they are we are looking at a range of 10 to $45 right there in about a year's time. this is a stock that can really move around. so i think what we want to do here is actually buy those january 26 calls if you have a bullish view, as guy does, and then sell some nearer dated calls against it, similar to what we were doing

google has got streaming, it's got serge, it's got youtube and the other businesses people might pay a lot for. >> let me ask you quickly about comcast. we talk about toy companies only doing well because they can kind of sell their stories into media, they want to be more and more media companies than anything else. if you spun out the parks or the content, all of those synergies supposededly there would go by the wayside. is this where we're dealing with fickleness on wall street, where what they like now is what what they liked a few years ago and may not be what they like a few years from now. >> there's been a mania to own content and no one can predict what content is going to be valuable you can license it and apply it, it's just not clear that the capital investment and content is worth the price to investors, particularly those looking for a steady stream of revenue and earnings that they see as predictable. yes, it could be that it's a change in style or interest, but if you look at the numbers, it's not always the right investment. >> karen, i want to thank you for your ti