>> brynn >> alibaba in anticipation of the ipo next month >> tiffany >> ihs market. they report earnings tomorrow and i expect good things >> you guys are all pros by the way, awesome stuff. i'll see you on wednesday, and by the way, another happy birthday to tiffany's mom. that's it for "halftime. "the exchange" begins right now. >> thank you, brian, and we'll see you in just a couple minutes. hi, everybody, and welcome to "the exchange. i'm kelly evans and here's what's ahead this hour we'll take you through the headlines. deals by continuing stimulus talks sending stocks higher today, building on friday's gains. will this rally until october. plus airlines focus on a huge week for the sector as furloughs and a treasury decision on more aid approaches. we'll look at what companies have the most at stake and could take big hits on their bottom

lines. big hiltz fts for ipos. ub uber and tiktok especially up 150 points in the nasdaq. it continues that recent trend of being the most volatile the big upside moves, the downside ones as well. the trailer, though, only up about 11.5%. the price for the nasdaq, it's trying to get above that 3053 is the price for the s&p 500. we're sitting there right now, so a pretty decent technical level to watch one of the themes that's developing call it a three-day win streak for the bank stocks. yes, we know they've been beaten up all kinds of ways this year, but still, if you look at the

bank etf, it's down 37% so far just on a year-to-year basis, but the movement of some of the stocks today in the sector overall really does mean that maybe there is some kind of buy mentality for these banks. and then merger monday ilts in shale oil. it's been beaten up a lot. devon energy and wpx are combining. devon will buy wpx these mergers are leading to upside moves, but remember, these stocks have been very beaten up over the course of the last couple years. this is a deal, kelly, that shows the shale industry in america probably needs to consolidate in order to stay alive. that deal today a big one for sure i'll send things back over to you. >> it's a great point. dom, thank you very much, sir. one driving force during the month's previous selloff has been concerns about stimulus talks in washington. investors are waiting for

movement on another stimulus plan and still waiting house speaker nancy pelosi sounding off the mystic about a deal let's talk to ylan mui who has the latest for us. ylan >> reporter: kelly, nancy pelosi continued her optimistic talk over the weekend into today. she spoke to secretary steven mnuchin yesterday briefly and alluded to another conversation happening today. she said democrats will be ready if and when the white house comes back to the table, but they'll have to come back with a lot more money right now democrats are preparing their own $2.4 trillion offer, and they're trying to figure out exactly how to slice this pie. pelosi has said that the need for some areas like education, small businesses, restaurants and airlines, those needs have grown, and that's going to mean there will need to be tradeoff in some other sectors in order to keep the dollar figure within that $2.4 trillion price tag

democrats have their next conference call on wednesday that could be an opportunity for pelosi to take the temperature of her members, find out where everybody stands pelosi did say that she's willing to put this bill on the floor if there is no deal. house democrats could pass it on their own. however, she said she is hopeful they can still find common ground with the administration back over to you >> ylan, it was interesting, we asked eamon about this this morning. it's interesting to me if we could get some kind of piecemeal deal going forward like larry kudlow referenced, he said we can do ppp for jobs, we can do school, but pelosi said she doesn't want to do that because she would give up her leverage for a bigger deal that's fine, but in terms of the art of follow tpolitics, is tha to be the only way forward here? i'm curious how you're reading the tea leaves as well >> i think what we see that's notable about the democrats'

plan is that it still includes all the different pieces they talked about back in may during the heroes act and especially topping off ppp. they're adamant they need to address all the areas where they say there is need among their constituents they're unwilling just to take this line item by line item. however, there is flexibility within the broader program to move things around in the heroes act the democrats have passed, there is two years of funding maybe you take that down for one year those are things that could be up for negotiation and help bring doup the dollar figure so the democrats and republicans are closer to each other let's head back to the big rally today despite that big tech is set to break a five-year run streak they hit a record level in

august even after the drop, they're still above the tech bubble's high in 2000 what does this mean more the market scott hogan and mary ann is here good to see you both mary ann, i would like you to talk through your thinking about this market. do you feel encouraged by the reset that we've had, or do you think we kind of need to be more mindful of what the next few months may be bringing us? >> i think there is rotation going on in the market, but we hit a level of support around 32 of 20 in the s&p 500 and we've bounced off of that, so that's a positive development but we're starting to see some rotation away from technology, which is very welcome, as it moves toward energy, industrials and financials today

>> and you like the med tech companies with some other areas of the market, and we'll come back to that it always feels like it's been a while since we don't see each other in person at all, but mariann is basically saying, look, we're seeing encouraging signs underneath the hood here do you agree with that >> absolutely. when we think about what happened over the course of the end of august and into the first week of september, we were overbought in the nasdaq, overbought in the s&p 500 and clearly there were signals we needed a retracement clearly, walking into september, which is a difficult month, anyway, was going to give us the reaction we saw. should we feel more comfortable about where we are now i think that's also absolutely true you and mike santoli had a great conversation this morning about does this have to be the

economy? does the tech need to sell off i think having bot technology on one side and cycles, i don't think technology will go down because of the pandemic. >> and ma riann, you're saying even boeing is turning more constructive do you think that's a factor in the tone we're hearing to kick things off this week >> i do. yeah, we've got the faa commissioner who is willing to go out and fly that 737 max, and, you know, that's part of the process of getting the planes back up in the air. i actually flew yesterday, and i was very surprised at how full the planes are, so i think the

general economic conditions and people's tolerance for safety precautions are bringing people back into the economy, and i think we can say that about restaurants as well, especially if we get this package that pelosi is talking about, we could see more economic growth coming out of things, but i think people are willing to go out and engage more than we've seen in the past several months. >> yeah. and you mentioned med tech i know you like abbott, boston scientific, medtronic. they're getting those procedures with the hospitals reopening before we go, art, i want to turn back to you, kind of talk about what could happen with stimulus from here what do you think the market is currently pricing in is it no stimulus, skinny stimulus and what does that tell us about the kind of reactions remigwe mt see? >> kelly, that's such a good question i would say over the summer in which we got stimulus in the

spring, we expected to see a package that looked something like $100 trillion, in august or september at the latest. washington took over, and here we are still battling to get this out the door. i think the market has gone from pricing this in to saying there is no chance we'll get this before the election. i think anything would be a surprise upset to the market right now. >> we would take it. but, again, maybe that's partly what's going on here maybe it would be icing on top of the cake. we're up about 500 points. art hogan and mariann montagne, thank you for joining us we're going to look at the future of the industry and the names that could suffer the most plus, why one analyst says netflix can pull off another

price hike, and the implications if it does netflix shares struggling to stay positive for today. and a win for tiktok as they beat the government's ban. we have it all on "the exchange."

welcome back

airline stocks feeling the wind beneath their wings today. american airlines secured a $5.5 billion treasury loan and you can see shares are up 5 to 8% across the board but the industry at large is still suffering. passenger traffic is still 70% below pre-pandemic levels. the $25 billion in aid the airlines received through the cares act expires on wednesday, barring last-minute aid, more than 30,000 employees could be furloughed october 21st. they are urging aid through next march, but we did get news the last hour that the pilots have accepted their pandemic recovery agreement to avoid imminent furloughs. with me, phil lebeau phil, as i understand it, these pilot jumps from 3,000 is about 16,000 while this is a good sign, this

is the minority of jobs that could be affected here, right? >> that's true the deal is this in terms of the numbers. united have said, and they said for some time, they planned on slashing 16,000 jobs come thursday, october 1st. 2,850 of those jobs were pilots who were scheduled to be furloughed, but the pilots union and united just announced they have worked out a deal essentially the pilots will fly fewer hours, and this guarantees there are no layoffs for the pilots -- strictly the pilots we're talking about -- through june of next year, the expectation being that there will be an increase in traffic by then and that they will not have to revisit this issue but that's the agreement that was just announced united at this point -- and one reason why the stock is moving higher, united will be furloughing fewer than expected employees. still furloughing about 13,000 certainly not good news for those employees, and when you add in 19,000 at american and a number of other airlines that

far n-- have not estimated the number that will be furloughed, you're looking at a better sense at the end of the week >> joet seph denardi is on the phone. what do you expect, if anything, to help the airlines here, or are we going to see a big job loss >> it's fairly likely there will be an extension of payroll support, but the probability is maybe more than it was a month ago. a month ago i think folks viewed it 70-30 in favor of being extended and now maybe it's 40-60, so i think the expectation is ultimately there will be support. but given some of the other priorities right now for congress, the likelihood that it gets delayed is higher than it was a few weeks ago.

>> united shares are up nearly 8% they're one of the best performers in the sector, joe. is there an ability to reach deals with their pilots, the kind of news event that could make it less likely that it's the treasury that steps up for more aid for the sector. in other words, what happens if they have to figure it out on their own? can they figure it out, or are the warnings a political move, or are there really this many jobs on the line if there's no further aid, what happens, do you think? >> i think if there isn't further aid provided, then there will need to be a rightsizing of the work force to accommodate kind of the new demand environment or that pilots and other labor groups will have to accept inferior economics compared to their earlier contract i do think that's reality, that when airlines think about what their schedule for next summer is going to look like, it's

probably going to be fewer airplanes, and that's going to require fewer pilots or pilots who are less well compensated. i think that's the expectation >> one final question to you, joe, is, who would you recommend in the sector? who is best positioned and what happens to a name like american that i would assume is not going to be your answer here and has among the biggest debt loads >> we like delta i think they provide a good combination of quality with beta our thesis for the last few years has been the business that airlines have. selling miles to credit card companies is an unappreciated one, and they have one of the best businesses, if not the best business, doing that we think that's an asset the other side of this is going to be much more important to investors than it was pre-covid, and that supports kind of

evaluation argument for this group. the question is when does the next cycle begin, and that's obviously very, very sensitive to covid and when folks feel safe and are allowed to start traveling normally again but i think delta is our top pick >> phil, finally before we go, the airlines are not that popular a group with the american public, despite their u bick with whatever happens, tha right, that they could be facing major pay cuts, major layoffs, do you think seeing that pain will change the way americans view the airlines, make them more likely to step in and help? or are they going to say, you know what, you guys figure this out here >> no, i don't think that changes given how people feel about the airlines look, it comes down to this. either washington decides, we're going to pay for those employees who would otherwise be

furloughed on thursday in order to ensure that they are there in case there is a ramp-up come early next year or washington decides, no, we're not going to do that. joe thinks they can still work out a deal by thursday i think a lot of people hope that a deal is worked out. one last thing, kelly, to keep in mind. we are in two months here, september and october, two months that are generally not terribly busy for the airlines, and then you have thanksgiving and christmas. now, that's one of the benchmark seasons that the airlines need if they don't have a surge in traffic because there has been a resurgence in covid-19 or there's lockdowns around the country, that's terrible news. because what comes after the holidays the worst quarter of the year for the airline industry, the first quarter. a lot of this depends on what happens with covid-19. if it spikes up and we see a drop in traffic, that is not good news for the airlines over the next six months. >> yeah. all right, gentlemen, thank you both phil lebeau, joe denardi, greatly appreciate it.

such a consequential week for these companies. uber is riding again in london what the outcome could mean for the battle in california we will explore. plus it's been a massive year for ipos and the renaissance itf is up 65%. we have a rundown of what's ahead, right after this. >> announcer: but wait, there is more "the exchange" is also a podcast. listen to your favorite parts of the show you might have missed sign up now on apple podcasts, spotify, stitcher and google podcast. ♪ ♪

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welcome back to "the exchange," everybody the dow is up 517 points in terms of the sectors, they're all in the green today, and the leadership is energy, financials and industrials, so we're back to that pack leading the way instead of the tech-heavy trade. here's some individual movers we're watching this hour we're going to start with snap moving higher after google upped its price target to $28. and virgin galactic soaring after getting two bullish initiations. vfa putting a price target on the shares which are under 20 right now, meaning it could

almost double here i should mention they're almost at $20 because they're up 20% on the session, so when they made the call, it was truly a real bubble there's general electric and boeing moving up this hour they got regular togethtory appo a new engine better news flow for boeing has certainly helped the broader markets. let's go the ipo market where appetite has been huge this year, and perhaps no wonder. the renaissance ipo is up more than 67% since january for more let's bring in bob pisani bob? >> hello, kelly. it has been a very busy week for new issues we have nearly a dozen coming, including two directless things, this from palantir and work platform asana there is also a very large china platform, and they're not going

ra way chindata holdings, they plan to raise $500 billion that's the biggest ipo of the week in fact, they have a nearly $5 billion market cap there is even a conventional ipo, academy sports and outdooroutdoor outdoors this is a sporting goods company with a $100 million market cap they're riding a wave of recent good news. so why the interest? a lot of recent ipos have been able to take advantage of areas that would benefit from the covid epidemic rather per verseversely, but the heavily weighted to tech, and they have outperformed the overall market it's been a choppy september, but despite the choppy september, the zooms, the data dogs, the pelotons, they continue to perform dramatically

even with the ipo down 5% for the month. renaissance has now crossed i$20 million in assets. when you get over $200 million, that's a sign the institutions are start to go take some interest kelly, back to you >> thank you very much, bob, and we'll watch for all the action this week, see if that kind of confirms the trend or not. meantime, let's get to sue herera for cnbc update at this hour sue? >> hello, kelly, hello, everybody. house speaker nancy pelosi says president trump's personally guaranteed debts as reported in the "new york times" story about his tax returns pose a risk to national security. take a listen. all right, apparently we don't have that sound bite, so we'll just continue. a fourth u.s. judge has

blocked the u.s. postal service from implementing changes that could disrupt mail-in voting before the november election. postmaster louis dejoy has been criticized for mail changes that have delayed mail deliveries in recent months. he has already put those changes on hold. brazil's largest city in the amazon is shutting down bars, banning parties and limiting shopping hours to eliminate a surge in recent cases. local residents had said that city reached herd immunity kelly, before i hand it back to you, the speaker of the house said we take an oath, and the commander in chief has a tune of $100,000 to whom? that's what she was saying, just to paraphrase it back to you >> thank you very much sue herera with the latest for

us san francisco's housing market cools and the bah, humbug from mall santas don't go anywhere. we're back in two. my father always reminded me, "a good education takes you many different horizons" and that sticked to my mind.

so, when $1 a day came out, i said, "why not"? why not just utilize that resource. and walmart made that path open for me. without the $1 a day program, i definitely don't think i'd be in school right now. each week for me in school is just an accomplishment. i feel proud every step of the way.

welcome back let's catch you up on a couple stories that should sh be on yor radar today. it is time for "rapid fire." we have dom chu, deirdre ra bosa and brian sullivan it would have blocked tiktok from being downloaded at app stores they challenged the ban calling it unconstitutional and a violation of due process deirdre, a lot of people are focused on the basis of the judge's decision here, and what that leaves open for the trump administration to do next. >> yeah, absolutely. and the whole process has been one confusing large saga we're still fighting over details. bytedance saying tiktok global will still be 89% owned by bytedance, of course, oracle saying it will mostly be held by americans. the big question here,

especially since over the weekend we were on the brink of having those downloads banned, does this executive order actually result in more youth downloading vpns, for example, and pushing tiktok to the underground, essentially creating a whole new host of security issues? i think that is an important consideration for the trump administration when they look at such a move. vpns come with a whole other host of security issues. so is that what is the outcome from here if we reach that november deadline? >> but, dom, i don't think tiktok is ever going to be a major player granted, they already are, but if you have to use a vpn, they're not going to get people like me, the moms, right, the whole -- you might be able to figure it out if it's real important to you, but you're not going to get the mainstream. >> if you put up a hurdle or speed bump saying that some user has to set up a virtual private network, they're own little kind of device network in order to run this particular app, i'm not

sure how many people are going to go through the effort this is by no means commentary on the popularity of tiktok. we know it's very, very popular. i don't know whether or not you can say this is actually going to be a step they can take that would solve all of these problems i go back to the original reasons why this is even being contended right now. it's because of security issues. i'm not sure anything that happens here with this deal, regardless of the decision by this court, really solves any of the fundamental security issues that were at issue before this whole thing happened so unless the deal changes in some format, i don't know if there's any reason why you would want to get behind it if you were the trump administration. >> bri, what would you be focused on >> i don't understand why we're so focused on tiktok in general, i guess. what i would be focused on is something else, is that semiconductor export ban that's a real business the biggest semiconductor make in the world, sic, we're promoting exports to that company, effectively trying to damage their business.

one-fourth of their customers and one-third of their suppliers are in the united states as well that story there, that smic export thing i know tiktok is sexier, it's flashy, it's new and shiny, but it didn't even exist a few years ago, kelly, to your point. social media companies tend to come and go in some respects i think the bigger escalation is on that semiconductor side >> you're 100% right, however -- deirdre, we'll come back to you for a final word on this semiconductors were talking about how tiktok can read your e-mail, access your information, do all this stuff. we know that's where this all started, but is it a stocking horse that has security implications i was just messing around with this i certainly don't want it, if barely use it. what do you think? >> oracle/walmart partnership

may solve the data part of this, but the far more important question to me is about the source code algorithm. that depends if it's censorship and that can be a big tool in the hands of the communist party. i'm also with you guys, with dom, saying this plan solves absolutely nothing, very little of what was being called a security concern in the first place, and the last thing i'll say about vpns, i used one for many years in china, it's not that hard, and if this is the start of the tech war, there may be many things we'll have to add. >> as usual, deirdre bosa gets an a-plus, because number one, it's that algorithm. you can push whatever you want to on the 14-year-old minds of america. they make it trendy. they decide what we watch for the most part, and they can

literally broadcast hundreds of millions of views of something, whatever it is, and to deirdre's point as well, guys, i've been to china, deirdre lived there, i don't know if you guys have been to china, they can't just use twitter. they block everything we try to do, facebook, google, twitter. i don't understand why this is an issue >> we have to move on, unfortunately, but brian, i do think you're right to say the smic is getting underplayed. that's a huge move as well, but let's talk some uber the country was just granted an 18-month license to operate in london after the regulator had banned it last year for the second time in three years now they're saying, all right, you can get an 18-month license. the association for london taxi drivers called this situation, quote, a disaster for london saying uber is too big to operate effectively but too big to fail. dom, the shares are up 3.5% today. what do you make of it >> big victory obviously this is going to be appealed every which way you can

think of this is one of the key jurisdictions around the world that was threatening the uber business model overall, let alone what's happening in places like california and work arrangements and how you classify employees this was simply an issue whether or not there was a safety issue for riders in the city of london about riding these ubers, and this particular decision takes a little bit of that away. i don't know whether or not the business model can be sustained even with this particular ruling if the covid-19 restrictions are staying in place there, and the uk, remember, is clamping down pretty hard, much more so than the u.s. in certain areas. they're really even looking at the bar scene all over again and saying, maybe you guys aren't exempt from the restrictions we're putting on restaurants so this uber decision is big, especially when the stock is up 3.5% when everything is up today. they still need a lot more >> deirdre >> i couldn't agree more i think that this is a victory, but it is hugely minimized by the state of ridesharing, as dom

said, and we know that uber has spent a lot of money, a lot of horsepower trying to pivot the business towards food delivery london a very important market, but guess what, so is los angeles, so is san francisco, and in this market in california, they are facing the prospect of having to treat their employees as -- their drivers, excuse me, as employees, which is hugely disruptive to the business model. uber and lyft, and other big economy companies, say it may not even be worth it to operate in california if that happens. kelly, by the way, prop 22 the most expensive ballot measure that california has ever seen. so the bigger fight is over here >> bri, last word. >> listen, you lived in london, kelly. those taxi drivers spent three years passing the knowledge, one of the hardest tests they basically had to do it blindfolded. i'm being facetious, but you get my point >> it's true >> you just hope that people who

work that hard to maintain their living -- as long as uber creates excess demand for car-based transportation, everybody can win. the loser will be taxes on the tube, but if it's a zero static demand, then everybody is going to lose. uber won't win, the taxi drivers won't win and the tube won't win. >> all right i agree with you i mean, it's amazing what they have to go through but, anyway, that's talk some netflix today. jefferies is raising their price target saying a potential price hike is on the horizon they could reach $500 million in revenue. the shares are up about 50% year to date but still off 13% from their high brian, do you think they should do price hikes >> i think netflix does. i don't know how this will trickle out to the rest of the

industry every time netflix announces a price hike, you got people on social media saying, i'm deleting netflix then they never do and the company continues to make money. these bills, by the way, are starting to add up if you use hulu live with dvr, it's $75 a month then you factor in disney and disney plus. roku is free, guys just thought i would throw that out there. >> i see what brian is saying, because i looked at my streaming bill and it's getting out of hand we put on all these services and right now you might as well put me in a cable bundle for all i'm spending on hulu and disney plus i'm spending a lot of money on these things, but i would say this i started off, i believe, on our

household paying like $12.99 a month for netflix. i'm up to paying like $16, $17 right now, so i've sustained those price hikes. i haven't canceled it yet, but if it gets to $20, i might say, all right, i'm done. >> peacock is another one. deirdre, what were you going to say? >> i was going to say brian sullivan is such a sunset fan, he would never get rid of his netflix subscription but for user growth, this is where it matters, and in a landscape, as dom says, is becoming increasingly competitive and crowded, and remember, too, that netflix is going to be light on content very soon. how does this affect not just existing netflix users, but the new users coming in that perhaps are already paying for other subscriptions to other over-the-top tv bundles. >> this makes me reminisce you know what would be a good

segment, kelly, down the road? all of us get back together virtually and we have to tell the audience what the last dvd is we ever rented from netflix not streaming. i don't know if there's a way i can look back at my history. i wonder what my last dvd i ever rented was >> how about blockbuster >> if they haven't tweeted out 30 minutes after you say that, netflix, let's all do it, we'll review this one week let's do the san francisco story. quickly, before we go. the wildfires are sitting at its highest level in years as people are fleeing the city jeffrey gundlach says, elon musk, joe rogan and ben shapiro,

to name a few, are leaving california to escape incompetent governance should i align with three smart guys, or sacramento? >> there used to be about three cr crappy apartments to choose from, now there is ten it is cooling in a sense, i think it will take longer. this is going to take time, but certainly there is this cooling that i think everyone in san francisco, many people who at least live in the heart of san francisco, have seen happen over the last few months. >> and needed reset, dom, or is it game over >> needed reset. i'm a born did bred and raised californian from the east bay area the whole place, when i go back to visit pre-covid, looks

completely different than the area i grew up with earlier in my life. it's gotten so expensive, so exhorbitant, so luxurious in certain places, and it needs a reset. i think people have to be able to afford to live there, and this might be the cooling of the jets the whole market needs out in northern california >> all right, this has been a fun "rapid fire," work from home edition. brian sullivan, deirdre bosa, dominic chu, thank you all very, very much. still ahead, speaking of california, there is a new wildfire breaking out threatening napa and sonoma. l ve an account on the wineries out there, next "the exchange" is back in two minutes. don't go anywhere. this is decision tech.

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i can't wiat to share at&t's big 5g news... (shouting through the glass) at&t has nationwide 5g? yup! and that's faster? faster, yea! but is it reliable? ah huh and secure! you should consider making a big deal about it! bigger? i said bigger! oh, big-bigger deal bigger than what i'm doing? it's not complicated. a 5g network needs a 5g device. now everyone including existing customers can get a free samsung galaxy note20 after trade-in. welcome back we've got news on general motors phil lebeau here phil >> general motors announced it would be investing in two plants in ohio, putting $71 million in

two plants that will bring 240 additional jobs to general motors in ohio you can see them trading at just under $30 a share, a little under 2% back to you. >> phil, thank you very much after last month's wildfires, there is a new one blazing in northern california it's called the glass fire and it's threatening napa and sonoma wine countries >> reporter: just when folks in wine country have been recovering from this last round of wildfires, another one hits this one is called the glass incident it involves three fires that started yesterday and just exploded overnight it has scorched 11,000 acres, now threatening more than 8,500 structures in napa and sonoma counties also 140 wineries in napa county

alone have been evacuated as more than 1,500 people have been urged or ordered to flee the fire zone. one winery that's already burned down is chateau boswell. the devastating pictures show flames tearing through the building there it has been a rough year for california wineries. they've already lost business from the pandemic, and now wildfires are prompting a lot of wineries to skip the harvest because of the fear of smoke-tainted grapes, but the co ho co-owner of beta family wines says that decision to not produce this year, well, that comes with its own risks >> when you've built loyalty with your customers, and they can't find your wine, the danger is they go, okay, i'll have to try something else, and they may not come back. and so that's also a big risk.

>> kelly, most grape growers are having their grapes tested for smoke taint because of this latest round of wildfires. back to you. >> what a nightmare. aditi, appreciate it all the best aditi roy. carla ha ris and more. visiting deliveringalpha.com ba rhtft ts.ckig aerhi woman: my reputation was trashed online. i felt completely helpless. my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555.

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stocks are on pace to break their four-week losing streak amid ongoing volatility, continued economic uncertainty as investors seek clarity, one app has gone through the pain staking task of compiling the information that cnbc halftime report josh brown calls the most bang for your buck users get free access to 210

calls. it's great to have you welcome. >> hi, kelly thanks for having me on. it's something that seems so mundane but i know every one in our audience knows how frustrating it is. you're trying the find these investor relations pages that's buried somewhere it's come flex how is it going so far >> this all started five years ago. i was in college at the time i had some high school graduation money and wanted to invest i had always really been interested in learning about companies. what makes one company better than the other why does one company succeed while another one doesn't. i would read news articles, maybe the random analyst report that i could find. it references to an earnings call at the time i didn't know what an earnings call was or never really heard of it i kept seeing references to it and that's where i found one and listened to one. i immediately recognized the

tremendous value that you have when you can listen to the voice and tone of a management team on an earnings call and the world of a difference it makes when you're trying to understand what company is about i set out for the past three, four, five years trying to make listening to earnings calls as easy as listening to a podcast around that time, five years ago, i had really gone into pod cast that was our goal to make listening to earnings calls as easy as reasoning to a pod cast >> we're all grateful for it how do you make money snp. >> that's question question i'm wondering about. our first goal was do people want to listen to earnings calls? i thought was i the only weirdo

who wanted to listen to these things or were these news articles enough. over the course of the past three, four, five years i've been shadowing, interview iing l about understanding how can we make their jobs easier they're whole notion is telling narrative. anything we can do to deliver that message directly to the investors and it's not just investors, by the way, it's employees, analysts, reporters there's a whole slew of people that want to listen to this stuff. working with the investor relations is a key partnership down the road. >> here is my final question as well they want to share their narrative but they might in some cases not want that information to be out there and be available. what happens if you face push back and would you consider selling out to a bigger firm who

says, you know, we just love what you're doing. we'll bolt it on as an offering and you can come join is if company is being he has tants or does provide a lot of transparency to the people who put in their hard earned savings into the company then that alone should raise a red flag. these companies are publishing these earnings calls the sentiment and the way the management team communicates and treats their investor base is already out there and we're just making it easier for those investors to learn about those companies. >> yeah. there's free versions, premium versions we'll thrilled to see what you're doing thanks to josh brown for bringing it to everybody's attention. thanks for joining me. >> thank, kelly. that does it for the exchange today. stick around for power lunch tom lee joins us to talk about

why he thinks investors are too ba bearish.