you can see what i'm talking about you saw these in amc and gamestop in january. this is the parabolic move where i'm saying these are watersheds. you don't get these in normal markets. that's why we're addressing them there were tons of short sellers betting against this and betting against avis they were against the trade in favor of you that forced the short sellers to buy back stock in order to close out their ill advised positions. large hedge funds realized you were going to take this stock up so they decided to crush the hedge funds and it worked. now in the case of avis, rental car company, they earned nearly twice what wall street was looking for. in the case of bed, bath they announced a joint venture between bye-bye baby and kroger. bed, bath also celebrated its buy back dramatically. i bring up these two because they are fantastic illustrations of how the mechanics of money management can impact individual stocks and about the change for this environment hedge fund managers often have a huge disadvantage in a bull market like this many of them have no

wild rise in the slumping brick and mortar video game retailer once on the brink of bankruptcy. >> gamestop shares, there's nothing normal about what you're seeing when it comes to the stock right now. >> since then, armed with stock trading platforms like robinhood and ameritrade have championed several money-losing companies like amc, bed, bath & beyond while they take down short will sellers in the process they've led to congressional hearings and a potential gamification of the markets as well as the evolving role of technology and social media. the whole piece on the cnbc is tech check guys, have a great thanksgiving. let's get to frank holland and the half. >> welcome to the halftime report i am frank holland in for scott wapner the sell-off and growth stocks, they continue. should you buy on the big drop and should you just stay away? will this spark a bigger pullback in the market overall as we head to year end plus one of our commit members making a big move in one of the faang names. joining us for the hour jenny harrington, steve wiss, joe terra nova and jon najarian, co-founder

that is gamestop at $400 it was a short seller's nightmare. you're up 100%, they're down 100% just like gamestop got a boost, avis' is because of shortage of cars there are no cars to be found. that has nothing to do with the federal reserve. it has to do with labor market and the semiconductor shortage let's start with labor bosses, rank and file have spoken we're not coming back to work the way we used to deal with it millions of americans have left the city for the suburbs because they know they have to commute to the office. bosses can't make them they can't when you leave the city though, do you need a car to get around. so demand is off the charts. unprecedented. almost everyone in the industry, everyone except tesla is caught looking the wrong way. we don't have enough semiconductors to ramp up new car production and alleviate the shortage remember, you're typical new car might have 150 semiconductors in it if there is only 149 of them, they can't make anything the federal reserve cannot produce that last semiconductor. now at some poin

it's about family. >> reporter: some, though, in this line out side gamestop in the san francisco bay area kept it traditional. >> well, i am here for the ps-5. >> reporter: but on this second black friday of the pandemic, many stores are feeling the brunt of supply chain issues. shoppers can expect a triple whammy with fewer deals, more items out of stock and shipping delays. and with inflation at a 30-year high, some gifts are 5 to 17% more expensive than last year. still, people are expected to shop at least 8.5 to 10% more than last year. and retailers say they're ready for the crowds, even beefing up security at many stores after a string of reported smash-and-grab robberies. >> we're also going to have added uniform trolls. they're already out in the retail market areas. >> reporter: at thesame time, online sales are skyrocketing. so far this november, $72 billion in online sales. that's up 20% from last year. >>> and another solution to supply chain issues, shop local. >> because then you don't have to worry so much about shipping and the supply chain because you can buy produc

gamestop went haywire. amc went haywire. we're so far down the rabbit hole and micro structure of the of the stock market and leave retail out for scraps on the street. charles: that is the most important thing. the determination to do it. not like people are really going to a casino as wall street americas it, at least financial media. i will start with a video question from colleen. >> charles, thank you for taking my question and thank you for everything you do for retail investors. if companies trade in the dark pool, my understanding that the reason they do this is to prevent volatility, via large trades from market-maker to market-maker, broker to broker, creating volatility in the stock how is it that they are allowed to trade in the dark pools but also trade the same stock openly in a short on the market? charles: fantastic question, colleen. matt, how are they pulling this off? >> so with that i think this is a great question to highlight the complexity what the stock market has become, and right here i take the nex

. >>> short sights, avis, bed bath and beyond, amc, gamestop continue their climbs. the shorts are taking it in -- the shorts and badly. could we be at the start of the end, kelly, of short selling >> we will explore all of that, tyler, thanks. welcome to "power lunch" i'mcaly evans. stocks are losing momentum into the afternoon but we did see intraday record highs. dow is down 1 2. i believe a drop of 150 was the lows the nasdaq, up.9%. financials, utilities are the laggards interesting to see those both down financials in the range down 2%. consumer discretionary is outperforming. shares of moderna are tanking after issuing weaker than expected guidance and cutting its full year sales forecast for its covid-19 vaccine it is down almost 19% a. lot of traders are calling this a bellwether for the vaccine names and the pharma industry. and penn national the worst performer on the s&p with a 22% drop after reporting a big third quarter profit miss. on the flip side, nikola is now up 47% in the past month, adding 17% today. they are settling a lawsuit. >>> the run up to

this is a line outside of gamestop. it was pretty long. deal seekers knew what they wanted with gaming consoles like the xbox and the playstation 5 on the top of their list. gamestop is one of the retailers that started black friday shopping on thanksgiving day. shoppers we spoke with decided to shop closer to home given what we have seen across the bay area. >> san francisco lately has been pretty crazy. i have been in this area for a long time. i feel this is the safest place i could go to. kumasi: say they sacrificed their next giving day to stand in line to buy gifts for their loved ones. kristen: that is what they tell us. [laughter] kumasi: right now on our website, we have a whole section dedicated to holiday shopping. you can find tips and tricks come information about dangerous toys, and how to give to others. all of that is that abc7news.com . kristen: earlier this week we got a sneak peek at blakey's eliminated -- eliminated holiday -- illuminated holiday. organizers decided to re-created this year in addition to the traditional

a moment of the trump spac there was a few that people were actually dumping amc or other shares of gamestop to jump into this do you think this would be dozens of stocks that have a meme phenomenon? >> i think the meme phenomenon has to be separated out with sort of what this particular movement as engendered i'm not say it's the end all/be all. they'll flip in and out, but the fact there's still a large group of people out there who are believers in amc, but believers what what it stands for, that it stands for equalizing the markets, it stands for the retail investor getting a voice in these markets, that's something a bit different from just being in and out of a trump spac or some our flash in the pan stock out there. this persists even to this day i think that has surprised all of us who watched this phenomenon since gamestop started, that we're still talking about at mc, and that stock price has hung in. it's not at its ties, but hung in there. >> congratulations on the doc. people can check it all on you on the online documentary on how amc aeps cpes can do it. >>> when we come back,

romaine: a big part of that meme trade, when talking about gamestop, amc, i get there is a grand future for these companies. and hertz clearly tried to play into that. leading up to this ipo, they made this announcement about teslas which may or may not have been signed, but they clearly wanted to get that out there before the ipo. these commercials have been playing with tom brady showing off the teslas and education of hertz's fleet. i am wondering, is this what investors want out of the company? is this what they are buying into, maybe not today, but longer-term? crystal: i think there may be a buzzword. whenever you mention -- a vehicle, it does really well with the stock. even activists are pushing retailers like macy's to do a collab with tesla. thei parking locations, that they should put in a tesla thing. whenever you mention electric vehicles. caroline: just say you are going to do an nft or collaborate with tesla. crystal: right. that suggests that this retailer should get into cryptocurrencies. caroline: we are in a meme, people. crystal: and tom brady's faces all over the pl

but it is nine months, and game gamestop is still higher what happens if the prices drop because one by one people sell or something happens i have heard people saying when this blows up people are going to be more furious at the system than ever before i am curious about that? >> there is no belief this is going to go to zero again. i mean the fact that amc has raised this mush cash and has that cushion at this point, it is not a teetering on the brink of bankruptcy company anymore. it is well beyond that so the idea it is going to go to zero, and that badly, you know, that's probably not necessarily on the table also something really goes awry for these people it is more than that a lot of them it is the fact that gary gensler is take a ban on payment pool -- now all of a sudden it is a focus of the chair of the securities and exchange commission? that is something. >> i think it also feels d there is something satisfying about the customer being able to influence the operations of a company instead of -- how many times, p/e backed firm ruins its pragszs, the terrible customer serv

the line outside of the gamestop store was really deep. hard-core deal seekers what they were lining up for, gaining colts -- consoles like the xbox and game station five. gamestop started black friday shopping on thanksgiving day. shoppers said they decided to buy closer to home. >> it has been pretty crazy. we have been around this area for a long time, so i feel like this is the safest place i could go to. kumasi: a lot of people we spoke with said they sacrificed their thanksgiving day to stand in line to buy gifts for their loved ones, not themselves. kristen: so they tell us. this morning, cecilia talks to the best buy ceo about supply chain issues. the ceo says they have more inventory than last year and are well situated for the holiday shopping season. >> there are some products a little bit harder to find and that is always true during the holiday, things like gaming consoles are constrained or certain mobile phones, but for the most part there is a ton of great gear. kristen: you can see her entire interview with the best buy ce

think we're grappling with how social media has changed the way people invest in trade i think amc, gamestop or even symptoms of a larger shift that is occurring in markets and people are not getting their information from cnbc or the "wall street journal." they're getting from the reddit group and whatever other groups they joined in or facebook or whatever social media platform they use and i think it is going to play out. i don't think, i mean, for the moment you've seen the upside of it but basically i think what it does, it makes momentum stronger in both directions there is a correction because i feel that the same forces that push prices up relentlessly because of social media would cause the momentum and the downside to be equally and perhaps more proportionately much greater than it used to be. >> which is something, obviously, new issues need to bake into their models as they come to market we have rent the runway, today it's rivian. i'm looking forward to how you're processing or evaluating new issues or perspectuses any differently than in the past >> i think the difference is di

. >> this gamestop situation, we will never encounter a setup like this again. >> jacoby: as more americans try to get in on the party. >> right now we're in a raging mania. >> jacoby: some worry a crash is to come. >> it's the burst of euphoria that typically brings these things to an end. >> jacoby: as the financial world has been diverging from the real world, i've been trying to understand the many forces at play. and i found one institution has been at the center of it all: the federal reserve-- the nation's central bank. >> it is the most powerful and least understood institution in the country. it really is difficult to overstate how important this story is, and how big this story is, and how much it matters. >> jacoby: i've been speaking to current and former fed officials... is that really the first time you're in a suit since covid? >> from the waist down. >> can i take my mask off? >> jacoby: ...economists, and titans of finance. >> nobody knows how this is gonna turn out. this is an experiment. >> jacoby: i've heard that over and over-- that we're living through an epic experime

what we saw with amc around gamestop. that was average people voting with their dollars that was much more than the ability to buy the stock and watch it go big which is helpful but there are opportunities for people to invest in small businesses through various on-line platforms and mechanisms a little bit of money. charles: a little bit of money. we'll talk of course a lot of amc and gamestop tomorrow with our town hall. i always appreciate you coming in. we can never forget about the small business owners. this guy rob, my appreciation for those folks went up a whole another notch. always enough for you, chef. thanks so much for everything that you do. >> thank you. thank you for having me. i appreciate it. charles: i do want to remind you we do have the town hall tomorrow, new investor revolution. retail traders jim colins and matt kohrs on deck. it is tomorrow, 2:00 p.m. be ready. you hear the market right now is in uncharted waters. when that happens, how do you adjust? i got to tell you this is what you need to kno

. >> between barclays and gamestop, which would you rather own? >> i don't -- >> the answer is gamestop. >> thank you >> i think the banks are so strong, this is just their moment they're no ferrari >> there are some calls on b of a, which we'll talk about. spotify, starbucks, trip adviser. we'll kick it off in about 15 minutes. that's the thing about claims, you see. they don't happen on your schedule. i mean, take a chestnut, it doesn't just say “oh, beg pardon, sir, but is now a good time for a jolly bit of window cracking?” i mean, if they did, you wouldn't need a geico claims team that's available 24/7. but, near as i can tell, chestnuts don't talk. or maybe they're just really quiet. geico. your claims team is here for you, 24/7. well, got things to do mr. chestnut, so... there is something i want to ask you. um... geico. your claims team is here for you, 24/7. the new iphone 13 pro is here, and when you get the new iphone at t-mobile, trade-in value is 'locked in' forever. we can always have a new iphone, forever? fall in love with ipho

let's get a quick check of gamestop, the original short squeeze to our friends, were looking at gamestop about 5% the retailer sitting on the top of read it wisdom at this hour. to the bottom of the s&p 500, the nasdaq videogame maker, the coleader stepping down and it has delayed the launch of two hot games over watched two diablo for as we look at op division blizzard is down 14% we should check classico, ea down three quarters of 8%. it is place he could down 25%. zillow on track for the biggest single day percentage drop since march of 2020 after the online real estate platform set of plans to shut down the business that buys and sells home zillow offers it will reduce the workforce by 25%, that is big, they are cutting a quarter of their workforce simply because they are shutting down the one division because they did not timed it right. they bought the homes that were too expensive, they could not flip them because they could not get the construction workers because it is a labor shortage, zillow down, take an opportunity to scoop up 300 shares of zillow, she could look like a geni

laura: one exception, gamestop, in pleasant hill, where about a dozen people are here in anticipation of today's 5:00 5:0 p.m. opening. >> because prices are more doable and also a lot of places that are open for you to get whatever you need as far as like electronics, games, stuff like that. >> i told them i'd be late for dinner. laura: dollar tree was one of the few other stores we found open this thanksgiving day. besides a few good deals, shoppers will also find extra security this black friday in the wake of a series of brazen smash and grab robberies in the bay area, including at nordstrom last weekend.adlye it to the nordstr's store was broken into and looted. which was quite a shock for my. -- for my partner because she moved here the week it happened. laura: now, the main street at broadway plaza's blocked off with bright orange barricades and beefed up police and private security presence, adding a bit of ominous to what is supposed to be a festive time of year. ♪ in walnut creek, laura anthony, abc 7 abc 7 news. dion: on the topic of safety, we are on alert following a sl

they were to get them running higher and we have it technical aspect. >> i didn't see that amc and gamestop are going crazy right now. i'd missed that because what you describe seems to equate what i heard as well. for example, avis, many long and some were simply short avis. here we go the original memes going crazy. >> they're up $5.5 billion just yesterday alone. obviously they've taken some of that off the table today but a remarkable play for hedge fund there so, again, it comes back the idea it would be nice to paint the narrative of retail is lodge and hedge funds are short. it's more complicated than that. it's not black and white but shades of grey avis, parted of the reason we started see it see the incredible pop is they posted margins that compare team much stronger than weesk seen before. the comments about evs and potential adoption of more ev there. a big trigger with tesla and ev stocks in general the last week. and i just wonder how that speaks to these broader pockets of activity we've been seeing in general. sfwlmp remember when everybody changed their namp soosee what th

you also indicated in an interview following the gamestop hearing that the s.e.c. will be working with congress to bring a regime to crypto exchanges. what has changed? >> thank you, representative mchenry. i think that working with congress would be a help, and as we've talked about a number of times, i think that the s.e.c.'s authorities in this space are clear, but what we could work with congress on, along with our sister agency or sibling agency, the commodities and futures trading commission, we both have market oversight. they have oversight over derivatives, we have it over securities, and i think that coordination and working not just with this committee but multiple committees in congress, we could address. i think also -- >> so in your view there is a limitation, though, with the ftc, your former job a few years ago, and the s.e.c., what permits they have under law to regulate these regimes? is that what you're indicating? >> well, what i'm indicating is i think that congress painted with a broad brush the definition of security and included 30 or 35 sep

laura: one exception, gamestop, were of dozen people are here in anticipation of the opening. >> because prices are more doable and also a lot of places that are open for you to get whatever you need as far as electronics, games, stuff like that. >> i told them i would be late for dinner. laura: dollar tree was one of the few other stores open. shoppers will also find extra security this black friday in the wake of a series of brazen smash and grab robberies in the bay area, including at nordstrom last weekend. >> i actually made it to the news in the u.k. about how the nordstrom's store was broken into and looted. which was quite a shot. she moved here the week it happened. laura: now the main street at broadway plaza's blocked off with bright orange barricades and beefed up police and private security presence, adding a bit of ominous to what is supposed to be a festive time of year. ♪ laura anthony, abc 7 abc 7 news. kristen:'s --dion: speaking of safety, we are on alert. it's not just happening here. last night, a brazen robbery at the nordstrom store in los angeles. in this case,

i'm talking obviously about stocks like gamestop, amc. and earlier this week, i think a remarkable situation in avis, ticker symbol car. an important point i would make is that both investing and speculating are decent ways to make money and both serve important economic functions investing obviously provides needed capital to growing businesses and on the short side it's a way for market participants to get involved in situations where securities don't appear to be properly valued. the issue when you are speculating, typically you are making a short-term bet on price movement when you do that, that will typically incorporate a lot more risk to give you a simple example, if -- i was just talking about how the s&p would behave if i told you how it would behave in the next 20 minutes, it's a coin flip in the next 20 days, similarly a coin toss. but if you ask what it looks like 20 years from now, nine out of ten people will say it's going to be higher basically that reflects the fact that over the long-term we have a general sense of what e

>> well, the gamestop event's raised numerous issues. some in the plumbing and infrastructure of clearing houses. you're in another level about whether there was things congress could do to address the challenges there. what we're doing is three or four different projects. the plumbing, the clearing, trying toen the clearing cycle. two is we put out for comment for the public to weigh in on use of digital practices -- >> time is getting short here but i want to say, mr. chairman, i have asked my staff to begin putting together a bill so we can have signs in, make it tough. so they'll not allow the social media platforms to abuse the basic foundation of our great nation. invest in our stock exchange. we got to protect our financial system. so, i'd like the call upon you at some point to get further ideas. thank you, madam chair. >> gentleman's time is expired. gentleman from missouri, is now recognized for five minutes. >> thank you, madam chair and chairman genzler for showing up today. i wish chair yellen would ad here to her constituti

earlier this year, when the gamestop trading event raised significant questions about our markets, i convened a series of hearings to understand exactly what happened. we also passed several bills addressing some of our initial findings, including my bill, the short sale transparency and market fairness act, which provides our markets with greater and more timely transparency regarding the positions of wall street hedge funds and other large asset managers. we also marked up legislation related to gamification, payment for order flow, and legislation prohibiting market makers from trading ahead of their clients. i look forward to hearing an update from you about what the sec is doing, and i'd like to make clear, our investigation into the gamestop event is ongoing and we will issue findings when our review is complete. as chairwoman, i expect the sec will bolster the stability of our markets. however, i'm gravely concerned that the largest risk to the capital markets and the economy in the coming weeks is a train wreck we see coming. republican members of congress blocking the us tre

lifeline which is exactly what he got but could it work if he's looking at things like a partnership with gamestop showing live sports on screens, offering or not offering but taking crypto as payment b.k., what are your thoughts >> i think a billion dollars will buy you a lot of pants so i i'm glad he had it on when you were doing your interview with him. the movie theater chain, that has to change a bit. i'm not going to bet against amc because they've shown that they could actually maneuver on wall street i agree with karen, this was absolute masterful job by the ceo. but we're not looking at a chchai that will look anything like it. until there is clarity on what the future of movies in a theater look like, up 1600%, i'm a seller. >> all right again it is on the youtube channel, so check it out coming up, options traders are revving up for lyft earnings after the bell tomorrow. we'll tell you how they are trading the ride sharing stock next you're watching "fast money" live in times square we're ckig aerhiba rhtft ts. ... serena... ace. ♪ ♪ get your tv together with the best of live and on

dig into this what have you learned about this gore gorilla gang >> they are committed to not just to gamestop but the movement it's incredible to think 4.1 million retailers controlling 80% of a publicly traded company for the documentary, we wanted to hear more from the apes and i sent a tweet asking them to share me a video telling me why they invested in amc, most of their responses were willing t student debts. i have a lot >> it will go to the moon. and if it does not, it has been a wonderful ride >> i got amc for generational wealth i want my kids to be financial stable >> why am i an ape because of [ bleep ] -- >> we also interviewed two of the most influencers on youtube who share why they are shining a light on it and why they feel the system is rigged against the little guy >>> how the amc aicpas crack wall wall street is playing on our cnbc's youtube channel >>> sometimes you can have one and sometimes you can't, that's the allure of mcribs it has haters, no doubt. also a cult-like fan club. today mcrib is back at all u.s. stores for of course a limited of time only that creates a

what they did a while ago with gamestop and amc, it was an incredible trade, but i don't know how much training the day trader has gotten. when things go well for them, how do they manage risk? if you purchase at 10 and it goes to 50 and you take nothing off the table, who helps you with that? those are the concerns i've got. the pressure on meme stocks today matt: -- matt:in fact, they are saying don't sell with joe: dimon hands. but that's a mistake, not a good thing for them to say. i think now the trading community and even the individual investor community recognizes that these are incredibly overvalued. using amc as an example, they are losing a lot of money. they are still losing money and less than everyone thought they would, but the stock is down four points, five points. amanda: of course one of the problems with these markets, i felt it in 2007, i felt it in 99, there's a part of the market where it's musical chairs but everyone assumes they will get a chair when it stops. now the fed is providing extra chairs, no end, no alternative. there is never going to be a big asset

another one is amc and gamestop is also jumping in the last half hour or so shares more than tripling at its high before closing up just 100% tongue in cheek. avis posting solid earnings, but, karen, you say something else might have happened here. this is a fascinating story. >> yes, i saw it up 100% and i thought earnings must have been good and then it was up 150% i thought it must be a squeeze i had seen numbers between 21 to 30% short which normally says to me it is a squeeze i said i don't have the ka cajo to do it, but if i wanted to short it, what is the price. they said yes. and that was surprising to me. here is the thing, so it used to be like a week ago maybe where if you wanted your stock to move, an ed manufacturer, that was a good way, but now you don't need to manufacture them you just need to say you are going to rent them then you don't need to rent them say you are going to rent them, whether or not tesla agrees, that is going to move your stock. that's insane to me. because it used to be not that long ago when you would sell to rental cars. everything is different

it was up by the most since august during monday's session, driven by gamestop which had an impressive showing monday. back in the studio, we talked about tesla, up 8.5%, a fresh record high, really a lot of momentum behind this stock trading in more than $1200 a share. on a day where there was broadly strength in tech stocks, you see big names like google, alphabet, and amazon down significantly. one stock that was up though, the company formally known as facebook, meta. emily: getting used to that mouthful. ed ludlow, thank you. it was just four days ago mark zuckerberg introduced us to meta. while much skepticism remains, -- to explain i'm joined by ian king. so what is nvidia's play and take on the metaverse? ian: what they are saying is behind all the hype and everything that seems a bit overblown, this is very simple. it is the next version of the internet. the current internet is two-dimensional. the next version will be three-dimensional, immersive, and something we will all be part of. that is something they have a big interest in obviously. emily: so what is the argument that

correlations in the past, they actually tend to be an inverse correlation in some of the meme stocks like gamestop and amc compared to bitcoin and ethereum. i don't know how that holds up over a longer time because there simply isn't that data yet, but we have seen a negative correlation there in the past. guy: we will find out. always a pleasure. always insightful, always interesting. thank you very much, indeed. a bit more coming through from boris johnson. the press conference continues. talking not only about what is happening with the covid crisis at europe as expensing right now, talking about the fact he doesn't see anything in the data calling for tougher measures. he's talking about russia, talking about the fact that the u.k. stands behind poland in what is happening on the borders. we will continue to monitor this, but it looks like it is broadening out from simply a covid briefing. alix: still ahead, elon musk is dangling the possibility of selling more tesla shares. he basically trolled senator bernie sanders on twitter. more on that next. this is bloomberg. ♪ guy: tesla is down nea

it was up by the most since august during monday's session, driven by gamestop that had an impressive session during monday's session -- showing during monday's session. a lot of momentum. interesting on a day where there was stock broadly in tech stocks, the nasdaq 100, you see big names like alphabet and amazon down significantly. one stock that was up for a third straight day, the company formerly known as facebook, meta. emily: getting used to that. thank you very much. four days ago mark zuckerberg introduced us to meta. while much skepticism remains, one company says it is coming sooner than we think. that is nvidia. what is nvidia's play and take on the meta-verse? >> what they are saying is behind the hype, behind everything that seems overblown, this is very simple. this is the next version of the internet. the current version is two-dimensional pages, the next will be three-dimensional. that is something they have a big interest in because they make 3d chips. emily: what is the argument nvidia is making to boost the idea the meta-verse is in fact a real? ian: the next time y

our local fox station getting video of damage to a gamestop on the south side. police say robbers raided neiman marcus on the magnificent mile. grabbed merchandise, took off in three cars. this all happened friday night after a jury next door in wisconsin found kyle rittenhouse not guilty on all charges. so far there's no reported connection with these incidents. wow. so kyle rittenhouse's defense attorney is now slamming some in the media for finding his client guilty well before the verdict proved otherwise. >> rittenhouse is basically what you would have had in a school shooter. he's a 17-year-old kid. he shouldn't have had a gun. crossed state lines to supposedly protect property. no, he was going to shoot people. >> attorney mark richards joins me in a fox exclusive today next. a powerful .05% retinol that's also gentle on skin. for wrinkles results in one week. neutrogena®. for people with skin. i can't let diabetes get in my way. for wrinkles results in one week. i've got way too much stuff to do. so here's what i do. i wear this dexcom g6. it continuous

dismissing one part of a proposed class action lawsuit against robinhood and the company's role in january's gamestop frenzy. robinhood did not conspire to strict trading as meme stock surge. shares of the company are 50% off their highs and deutsche bank says sell now or that customer account will continue to drop in q4. we are back in two ♪ feel stuck with credit card debt? ♪ move your high-interest debt to a sofi personal loan. earn $10 just for viewing your rate — and get your money right. ♪ you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> black friday is a week away and retailers are investing money in tech and ramping up their digital businesses more than ever. the slew of quarterly results under our belt already courtney reagan is here with a breakdown of what we learned courtney >> hey there, john so far the quarter's retail earnings report reveals a consumer that is using multiple channels

going to grow forever it may, but we're in a moment of time here with some of these names with the gamestops which is still $200 and with rivian which is absolutely asinine where it is and you can't say that on everything you just can't and you can't criticize somebody for having a different discipline than you have period >> i'm going to give josh the floor to respond to you. >> i lose, steve, but i did not say any of those words they just put into my mouth. >> i paraphrased and took what you said in 15 minutes in two minutes. >> no, you invented a strong man to argue against i didn't say valuation >> you like to say that. >> you like to say that, but i don't ever say valuation didn't matter my point was different he didn't say sell it. he cut it to a neutral which in my world i don't know what neutral means. you either buy or sell. >> that's my point. >> he raised his target. listen to me now, from 220 to 300, and then set on downgrading it that's what's ridiculous to me and i'm not saying valuation doesn't matter i'm saying the valuation on the stock historically has not and currently sho

limit to what your stock can do, it seems like these days, whether you're talking avis or tesla or gamestop, amc, et cetera and if you're sort of in that category where people go, well, you're not going to do well. then the stock just sort of languishes until it finally decides to move. if you look at viacomm, their streaming business is close to 15% of revenues. it was up over 60% in the quarter. but investors sort of have this view, well, netflix is going to win, disney is going to win. these guys discovery, amc, you know, you pick it, everybody else is going to lose. and i just don't think that's the case i think next year you're going to see viacomm get into the international market you'll see that subscriber momentum continue. and they're going to be another contender i think in the space at a 9 pe relative to a disney or a netflix pe in the 50s, you know, to me this is pretty easy to get very excited about relative to other names in the space. >> dan, to circle you back to apple, i'm just looking back at some of the tweets i've written since on your past appearances you've been repeat

last year, they caused some hedge funds to lose billions of dollars by betting big on stocks including gamestop and amc they have even made enough noise to cause the securities and exchange commission to look into some of the issues that they say are unfair to the retail investor cnbc's melissa lee has been digging into the apes for a documentary that's up on cnbc's news channel right now i watched it this afternoon, melissa, it's fantastic. what did you learn about this gang >> oh, shep, we learned that they are deeply committed and not just to amc the stock but to amc the movement to shake up wall street. it is incredible to think that 4.1 million retail investors now control 80% of a publicly traded company. it is even a shock for amc's ceo. who has seen the company's market grow from $750 million at the end of 2020 to more than $18 billion today. for this documentary, we wanted to hear more from the apes and i sent a tweet out asking to share a video telling me why they have invested in amc. most of their responses were skeptical. the apes distrust mainstream media but a few did share a vid

if you look at gamestop, amc back in the january, february spike and then tesla trading so far this year, that's been a huge driver of that retail interest in many of these types of stocks. >> you said black friday specifically there's a stat saying that they put $2 billion into etfs on friday it is the retailer investor willing to step up with that shock in the markets. >> it is a good thing. talking about the demockation of finance it may somewhat add to volatility and does broaden out the base for the people participating and ultimately a good thing for the overall market. >> thank you. >> thank you for watching "power lunch." >> can i wish my son mack happy birthday new jersey drivers watch out. >> "closing bell" starts right now. >> happy birthday, mack. >>> happy birthday, mack welcome to "closing bell," everyone i'm sara eisen at the new york stock exchange monday's comeback fades. they're pacing for november losses in this final hour of trading for the month. >> i'll add to that. happy birth day, mack. i'm wilfred frost. powell signaled a possible taper acceleration more on that

of schedule a lot of talk about how much this one has hurt the shorts, just like with car yesterday gamestop up 2.5% today and amc adding 2.3%. and here's ferrari, also up 2.5% after soft gen upgraded the stock from buy to hold, raised ttle price target by $50 to $290 currently around $255. catching up with the price movement the analyst said sales after accounting for the chip shortage are a positive also called his favorite ev stock. now the sue sue for a cnbc news update. >> here's what's happening at this hour. the pentagon says china is expanding its nuclear arsenal much faster than predicted a new report says china could have 700 nuclear war heads within six years, that is roughly triple what it was estimated to have just last year. >>> the biden administration is taking action against israeli hacking tool vendor nso group. the commerce department says the company sold spy wear to foreign governments who then used it to target government officials, journalists and others the move restricts nso exports to the united states. >>> on the news, efforts to block the billions of robotexts tha

thieves in chicago targeted neiman marcus, a gamestop during kyle rittenhouse protests. what happened. lauren: there was a grab and run. 16 men reportedly rushed into a neiman marcus on the magnificent mile. you're seeing video. left with large amount of goods in three cars. a smash and grab, a merchandise was swiped from a gamestop on the south side. no one is in custody. this incident as protesters took to the streets following the kyle rittenhouse verdict which was about 60 miles away in kenosha, wisconsin. stuart: chicago city alderman, his name was george carrdenas, that the mayor needs to dump the police chief. lauren: crime is surging. murder rate sup 59% from 2019. it's a miss. david brown, the top cop, campaigned on lowering the crime rates. opposite has happened. nonetheless mayor lightfoot stands by mr. brown. she says the pandemic is the reason this is happening. we have to address root causes of crime. stuart: i'm sorry i find that clueless. that is just a personal opinion. lauren: i think a lot of people living in chicago would agree. stuart: a nordstrom in

gamestop. amc are rocking it again. jim, you don't dig these but these short squeezes played a major role in this market. >> right they have. they have created excitement for one sector of the market. that is fine if that is what you want to do. i wouldn't look for playing a short squeeze in a long term play in a portfolio. people might have mad money on the side, like money for vegas. if you lose it will not kill you. that is where you might want to play. but the short squeeze play and amcs, gmes, in my long-term portfolio don't own them. charles: in vegas you do have drinks and a show if you get a chance. last night's elections. progressives got slammed. i'm really starting to wonder if that helps the infrastructure bill. they have been holding it hostage. phil, let me go to you on this. they have been holding it hostage. i like the way material stocks reacting in the last four or five sessions. listen we have to stop playing hardball and at least get the bipartisan infrastructure deal there? >> it's a win, no doubt a

>> how does it end is obviously the great unknown but when we saw it start with the gamestop frenzy in january and then the ensuing meme stock frenzy we didn't think it would last and now watching the stock >> we have lost the connection there with melissa sadly. but you can watch that full documentary at youtube.com/cnbc available straightaway >>> shares of lendingclub this year the ceo will join us to talk about the results in a moment. barclays backlash. the ceo is out we'll bring you details next here's a check on bond yields. to start what is an important week in central bank world up at 1.58 on the 10-year. (vo) this is more than just a building. it's billion-dollar views. perfectly located. an inspiration. and enough space to start an empire. loopnet. the most popular place to find a space. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire (rhythmic electro rock music) (crowd cheering) - bito, bito, bit

you see this huge drop, this was gamestop and this chased a lot off the short side even though this doesn't give a directional look it says there is not a lot to be covered. one quick note, it is about dwight this level in small caps, but still historic lows. >> still quite a tight range it's not like it's massive >> it has been quite steady for a while. this also is lower than it used to be in prior decades so there has been a longer term decline >> up next expedia shares exploding. we have information about what the expedia cfo said that's after the break >>> we have some comments from expedia. >> expedia's marketing campaign seems to be paying off the ceo said we are seeing strong market share growth in vrbo half of their customers so far in 2021 have been new customers and even looking aheadto next year they say they are already seeing better booksing for next summer than we saw for this time last year. there is expectation that as more americans get vaccinated they will shift back to hotels but clearly this suggests that demand for rentals will remain strong going into next year. they

gamestop saga in january and february? tweeting out yesterday saying should i hold or hold on for dear life? you got that, right? stuart: i just got a note from my grandchildren, they're big into robe blocks, and they're disappointed to see the stock go down. sorry, sorry, to problocks. thanks, susan. >>> president trump says he'll be very involved for good people during the hid item elections. kayleigh mcenany joins me now. glenn youngkin won. should trump be so involved in the hid terms? >> of course -- midterms? >> of course he should be. glenn youngkin was this a blue state, he ran a very smart campaign. he said, hey, the trump's the nominee in 2024, i'll endorse him. president trump has an 86% approval rating in the republican party according to quinn by ya -- quinnipiac. the people have said with pretty much resounding unithemty over the last five years that they support president trump. stuart: president trump says he will announce his lands for the 2024 -- plans for the 2024 election after the upcoming midterms. i'

gamestop shares are underperforming. game stop is the top search retailer associated with door buster deals of all time walmart is 94th down 97% for walmart specifically way fair, chewy also bucking the trends but adobe says thanksgiving day online sales did come in shy of expectations inflation is a concern for many. when you look overall and adobe says the biggest discount is toys apparel discounts of 15% appliances and sporting goods, 9% and electronics, disappoints averaging about 20%. today has been forecast to see 108 million in shop. first reason is deals, seconds is tradition they lined up for door busters that began just several hours ago from doing what they planned to do. we'll have to wait and see >> nobody's not going to the mall who was planning on going >>> let's start off on the mall as well. our next guest is charter holdings chairman and ceo. com company holds malls. we've had john any number of times to discuss a variety of issues related to covid but give us a sense of your expectations for the malls

curious your take and whether you see similarities people think retail trading boom is a bubble like gamestop and amc and a sign of the liquidity in the market and compare it to gambling and see it as potentially dangerous and could blow up. >> like. it is like going to the gym. you try to go two, three days a week the more you go the more results you will see and can be dangerous and hurt yourself and knowledge is power what tornado is all about is promoting education and empowering the individual. the more knowledge you have the more to defend yourself and seen a positive trend less of a meme stock and less speculating and getting more into the old fundamental that warren buffett talked about for decades is not caring about a great company an apple, a facebook, a netflix, a google will do but what would they be over five, ten or 15 years the more knowledge that the young people get today -- remember, there's no education in the american system you can't learn in high school so this is an alternative to come and get educated and make wise investments for the long haul. >> bernard, you were a

companies like gamestop, open door, rocket lab companies that are not earning and hit down 11 paterson, 12%. if you look at alphabet and amazon, they're at best moving sideways down a little bit but not much we focus on emerging markets with good cash flow, good margins and still continue to do well there's still a semiconductor shortage so we're really sticking to those and maybe add to those. >> is there a particular market, a country that's appealing or going company and country specific >> two countries are taiwan and india. taiwan is going as gangbusters the companies that support the semiconductor industry are doing very, very well. india, the strange thing is seeing china going down since february about, what 32%. whereas india's up something like 17%, 18%. so we've got to different yate where we look. >> i want to make sure that i heard you correctly in the first answer to sara this is scott. >> hi, scott. >> did you say that you still think that the u.s. is the best place to invest? i think what sara asked you, would you go elsewhere you said no. >> no, no. we'll go to emergin

of course, the hot one has been gamestop >> what did i tell you >> meanwhile, disney, although up just a touch, did get its price target trimmed at wells. 24th go down to 196. the strong content mob wmachine was the culprit. >> now we've got, just like we have david talking about ford and how such and such is big about ford, what is the analog to disney? >> netflix. >> yeah. >> now netflix is much larger than disney. >> not much, but. >> what does netflix have? cruises? parks? >> they have a lot of content. >> disney has a lot of content. >> yes, they do. >> just a fraction of netflix's. >> there is that question as to whether or not they need to be broader in some way. >> do they have to buy something? fantasy, you just isolate your players. they'll be able to do that if they get on the stick. >> i'll still have to wear my goggles, right >> no, it's passe. >> what can i do >> contact lenses? >> no, it's like what jensen showed me. >> okay, tell us. >> you don't need no stinking glasses. >> okay. explain. >> you're looking at it, and it's just kind of there. >> that doesn't help me. am