welcome to a very special "power lunch." i'm morgan brennan just a minute josh brown will join us for the hour here's the 2:00 takeout. the market retreats from record highs, though we are well off lows of the day. as you can see the dow is down 100. similar story for bitcoin, too, plunging more than $10,000 after hitting an all-time haim of 42,000 on friday plus a social media crack crown, twitter pulling the plug permanently, amazon and google cutting off parler and later, the race to vaccinate. how far is the recovery behind the roll-out, and look at how the wealthy are cutting the line first, let's starts with the market and send it over to mike

santoli, with the question that everyone is asking today, amid all the down arrows -- are stocks cooling off >> mildly, at least right now. the question coming into the week was are we supposed to overheat the s&p 500, nothing crazy going on here, in fact, if anything, a very persistent orderly up trend, then a few like 2% to 3% that get bought right around there was a threat, that it was going to put in one of these pieces, and get very over-bought and have a reckoning right now what you're seeing is some of the more overheated parts of the market, tesla get clipped, a lot of it getting skinned, the real economy stocks are doing just fine today. take a look over the past few months like the junior qqq, and the s&p 500 up a very respectful 50%. the high bea, the most volume at

this time jumping, and micro caps all of that to suggest you have well up risk appetites, and can both those things go on indefinitely for a long period of time, you need some consolidation/rotation that's what we're talking about here not so much if it's an ultimate peak or some kind of bubble that's in for a reckoning. >> mike, thanks. that tees us up really well. josh brown, it is great to have you with us for this hour. you're going to be here all week, we both are. >> i'm so excited, and we're at the same desk. appropriately spaced, but we're getting back to normal slowly but surely. >> i almost want to do the fishhook and reel you in, but -- yes, yes like bad wedding dancing, but let's tack about the markets

here given the events of the past week, i want your thoughts on all of this. we've been talking about it for a while, and this diverts evans between wall street and main street if a riots on the capitol building wasn't enough to dercht the markets, what would be >> i went back and look, and i do it periodically -- there's nothing there from an investing perspective. markets were higher within two days of the jfk assassination, there really isn't a signal about why isn't the market just being sentimental? it just isn't. it's about interest rates, earnings, not even the present but the future the market looked at the action on wednesday or tuesday, it looked right through it, but that's not out of the character. that's what stocks have been

historically been able to do you can say i don't get it, why don't people feel badly? they do, but they're thinking six months from today, not what's happening right now. >> is there a trade there, to invest based on some of the crazies in >> i way we have done this with clients this year, we want things could probably get worse, but we're buyers on those events i think that's a way to think about thechaotic things -- the election, the riot, obviously pandemic stuff if you've been a buyer on other people's fear, it's worked time and time again at some point it won't always work, but i think that's still a good playbook. >> biggest debate on wall street right now -- are stocks overvalued here to tell us if the price is right, the dean of valuation, profession ot at new york school

of business. thank you for joining us today >> nice to be on. >> what do you think is priced in >> i start by rejecting the notion that parks have gone crazy. i think josh is right. i think that given the fundamentals, stocks are mildly overvalued not crazily, but mildly overvalued part of the reason is it's relative, where are you going to go if you sell stocks? right now they're priced about 6%, which is low by historical standards, but if you look at alternatives, investing 1%, 2% doesn't sound that bad i'm curious of what is your take on whether or not if we're playing games lice tesla is now the fourth largest weight overnot, or if we says the s&p

ex-tech, and we obviously arrive at more reasonable numbers still somewhat elevated, but what do you think about that concept? should we play that game >> i don't like that game. i think in a sense both sides can play the games the other size will say look how crazy this i look at the market collectively, and i think that's the only way >> i'm curious about your ipo part of the certainly names probably a year ago wouldn't expect -- and i think that's helped one of the stories, one of the things we did not expect to see is there are companies that come out looking better than they did. doordash is obvious, but even airbnb, despite the blows it took during covid, it looks

better than its alternative. so in a strachk way the shutdown has made some of these companies look more attractive than before the crisis. >> what do we do in the 2020s, know now that investor preference has absolutely nothing to do with trailing 12 months bottom-line earnings, and has everything to do with what doesn't show up in the balance sheet, like addressable market rise, or the things that aren't quantified by traditional metrics. do we substitute these no new metrics? can we do it without being ridiculed? is there a reasonable way to say investors don't care about earnings today, they care about earnings in the distant future, what am i using to value stocks right now? >> i've never been a great fan of looking at trading and

investing based on those numbers. that seems to be lazy. that's why, i think it's always been about the future, but the reality is when you're in an environment when entire sectors are getting disrupted, the information in the last 12 months is not that great new england of es has the foreside to look at the future and say this is exactly what happens. so maybe some of the -- to get revisited, including abandoning book value and looking at trading from numbers as the basis for investing. >> so speaking of deep value, i'd like to talk about bitcoin with the moments we have left, and of course, this is on everyone's mind, bitcoin is in the process of retracing what

looks like a 40,000 that happened almost overnight. are you sympathetic at all to the argument we should think about it in terms of market cap and how much of gold's market cap it can't potentially capture, or is that silliness? >> i don't think that comparison even makes sense if you think about, the two pitches for bitcoin, the first is it was going to be the currency of the future, which hasn't worked out well thing about how many transactions there are the other would be the collective, the millennial gold. you have to be a hedge against stocks bitcoin is behaving like very risky equity, a hedge against stocks that troubles me if your only pitch for bitcoin is there will be other people out there willing to pay a higher price, i think your

arguments -- that's an empty tack you knee to come up with something that reflects the reality. what is bitcoin going to do for the economy of the future? i haven't heard that argument yet. professor, thank you for joining us today. we're getting breaking news on ford. for that we go to phil lebeau. >> looking at shares of ford, moving higher as the company is announcing it's restructuring its operations in south america, including shutting down a manufacturing plant in brazil. what does it mean for the bottom line they'll take $4.1 in special charges, 2.5 billion from 2020, $1.6 billion for 2021, restructuring the south american operations, trying to focus as much as possibly on making sure they hit the 8% ebit margin that's been set by the ceo that's the target they're shooting for. >> phil lebeau, stock is up 2%

now. thank you. coming up, social media companies, from twitter to pinterest to snapchat. we'll hear from facebook's c.o.o., sheryl sandberg. and tesla on an 11-day win streak -- breaking that 11-day streak, as the competition heats up we have that sryndo to a smuch more on "power lunch." stay with us is everybody's problem. and that's why we created rapunzl. the rapunzl app was designed for high school and college students to simulate stock portfolios. they're able to buy and sell stocks in real time. thanks to nasdaq's cloud data solution. if somebody tells you just download this app and you could potentially win a scholarship, and you're learning, it's like, yeah. information is key. having access to information at your fingertips on your mobile phone, on your desktop, or here on the screens, it really allows us to showcase what's happening out there. and so we pitched the idea of:

why don't we host an investment competition on this newly built rapunzl platform? it was really cool to just sit there and like watch how the market really works. what i won was real money. so my first year of college, i ended up going debt free. data information being put in the right hands can literally change a person's like way of life. data information being put in thso give your businesss lmore than resolutions...

give it solutions, from comcast business. work more efficiently with fast internet and advanced wifi. make your business safer with powerful cybersecurity solutions. and stay productive with 24/7 support. make this year's resolution better solutions. bounce forward with comcast business. get started with a powerful internet and voice solution for just $64.90 a month. plus, for a limited time, ask how to get a $500 prepaid card when you upgrade. switch today.

welcome back twitter banning president trump permanently after last week. facebook's c.o.o. sheryl sandberg speaking at a reuters event moments ago. >> we went to an indefinite any ban, that's a big step we have clearly established principles who say you cannot call for violence in this movement we took down most posts that were calling for violence immediately, but in this moment the risk to our democracy was too big, we felt we had to take the unprecedented step, and i'm glad we did. >> i'm joined by eli patel, a cnbc contributor, i want to get your response. >> i think that is the right response for facebook. this was an extraordinary moment in american history. there was actual violence.

there was a coup attempt at the capitol. i think both platforms took extraordinary steps the united states has the articles of impeachment open today that's what this is, and that's what the platforms are reacting. i think it connects the broad he debate, but i think it's important to react to the clear fa fact. >> so, i'm not convinced of this argument, but there is an argument out there that what we're essentially going to be doing with these bans is further splintering the discourse. if you now have a situation set up where twitter is for liberals and signal or some other service becomes for conservatives, there is an argument to be made now we're interacting even less and

building exclusively gated communities. i think this is probably not a great example, but this is the kind that could lee to more of that, and just distinct conversations happens independent of each other. what are yew thoughts? >> i hear that argument all the time i feel the same way as you if i understand the argument and there's validity, but i also think it's dangerous for the conservative movement to find itself an identity with an incitement to violence. >> yeah. >> i talk to people on twitter all the time with very different policy ideas half of twitter is people telling me to buy bitcoin and overturn fiat currency what we're talking about is incitement to violence, racism, hate speech, and saying we're going to split that stuff, and that stuff will go somewhere else, maybe not so bad. >> we're talking about the actual power of these platforms, playing devil's advocate, the

irony is we're talking about company that is have been under antitrust scrutiny, investigation, had lawsuits leveled at them for stamping out -- or allegedly stamping out competition for being, you know, due oplies or monopolies, and when you see something like this, a small handful of unelected ceos, in some cases that don't even have to answer to their boards or shareholders, that's the other piece of this puzzle, right? what does it mean in terms of regulations now on these companies being too big with a new congress coming in that's perhaps less focused on that and more fog pussed again on what you're talking about, which is policing of content on these sites? >> yeah. look, there was an extraordinary set of hearings in the congress last year about competition. there was a report that came out about increasing competition

that conversation didn't raleigh touch on the speech portion of it the real question is the first amendment, fundamentally it prevents congress from making laws that have bridged the freedom of speech if congress wants to step into the role, it has to find a rationale i think an interesting corollary is angela merkel came out and said, look, we don't think twitter should have this problem why? because the eu is about to pass the digital services act, and give itself more authority if you don't want the companies to do it, the government will step in. or find a legal rationale that gives them the authority to have control. i think that's a useful conversation, but i would encourage everyone to remember,

what we're talking about incitement to violence that led to an attack that's way outside the balance whether you and i think should -- that's not what they're moderating they're moderating incitement. >> do you think the employees of the company are the hidden heroes, meaning if the employees were not putting the pressure on jack dorsey, on she are. -- sheryl and mark, if you didn't have the employees saying, you either take action or we're out of here how much of that is external and how much of it -- what do you think they're more apt to respond to in the future >> i think they're definitely responding to their employees. that's where the powers lie, they are quick to champion

i think they want their products to reflect their values. , where i think the mistake comes is imagining that mark zuckerberg is making decisions on a whim, that jack dorsey is making decisions on a whim mostly what they get criticized is being too slow, too conservative, and they have built elaborate systems to slow down, to ensure there's some rationale. whether you think that is sufficient, whether you think the government should be involved, is up for debate i would cage everything to remembers -- for being too slow. and they are -- i do think that that will increase the political capit capital.

>> we're going to leave it there. >> are you issue you don't want to do that >> i mean, i'm tempted. we'll have -- we're definitely not done with this conversation, and the week is early. >> thank you. and why tiktok might be giving wall street a run for its money. i think josh has thoughts on that we have all of that and mo oren the power rundown, right after this break our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... graduation selfie! well done! and voya stays by our side, keeping us on track for retirement... giving us confidence in our future

...and in kevin's. you ready for your first day on the job? i was born ready. go get'em, kev. well planned. well invested. well protected. voya. be confident to and through retirement.

latonight, silence it with newd byzzzquil night pain. because pain should never get in the way of a restful night's sleep. new zzzquil night pain. silence pain, sleep soundly.

it's time for today's power rundown, where josh and i go through some of the stories you need to know first up, tesla. on track to break the 11-day winning streak shares of the ev maker have really only gone up since december 23rd, and have surged 30% in that time today b of a securities is boosting the price target to a street high of $900, saying the company's upward stock spiral, will help future growth. >> i want to be clear what they're saying here. if you make this argument about

every stock in the market, it's the most dangerous argument you can make this is a vevlin curve -- >> now you're just show you off. >> no, no, these things do exist, but they're saying this in a stop context. their bull case and their target hingeses on the idea the higher the stock goes, the more equity offerings they can drop, mean more facilities they can build and more cars they with deliver. 500,000 cars delivered last year they're saying the stock is going up because the stock is going up extrapolate that, and that's a dangerous bull case, but you run out of things to say at a certain point last week, which is bigger than all about 40 other stocks you're adding the equivalent of a dow stock. it's obviously not sustainable i'm not saying it's the top, but

we're now at the point where you can only say dangerous things to get this thing to go higher. >> and they begin to chase -- >> i'm at 901. >> a new street high. >> yeah. wall street firms delisting chinese firm after the trump administration's move. this after the new york city finally moved ahead to delist three chinese telecom companies after a back-and-forth we saw play out last week it was a pretty busy weekend for this china countered, and issued its own rules as well, in light of everything we're seeing. >> i do think that things probably cool off in this discussion post-biden, but i don't think biden is so quick to start reversing these things, either first of all, the latest evident

that china was bipartisan, people in both parties want to see pressure applied i think the important takeaway, if they're so desperate to have exposures, you can do that in the hong kong market now, and this is like 2% of the companies' market capitalization they'll be fine. investors may have to make a substitution it's note that big of a deet, but it was interesting that alibaba and -- >> i'm going to reserve comment on alibaba, i'm trying to stick around in the limelight, okay? >> well, we're hear in new jersey. >> true, true. a new peace in "wall street journal" shows how social media platforms are being treated lie trading decks.

reddit's wall street bets forum has -- $100 billion market cap right now, josh. >> but the operative part of that sentence is right now make they'll deliver and adjust that, but i think -- we used to call them robin hood stocks, now we call them tiktok stocks it's the same people i think there's more buying power than than wall street initially thought in march, april, may, whether this phenomenon began we these think trader represent about 20% of volume on any given day, but i do think that we don't want to say tiktok is the new trading desk i think we want to be very clear what was going on, is fascinating. it's mostly memes, not a long of

long-termism i don't think it's particularly important for most investors to be scouring these sites every minute it's not that important. >> i guess tiktok have been -- we're going to bring you kate rooney on what millennial are betting on. >> young investors, at least for now, are betting on big tech index, while scaling back some of their positions in work from home and travel names. according to apex clearing, which is custody of more than 10 million brokerage accounts, tesla was the most widely held stocks, 20% of millennial' total

holding, and the second was apple. nio jumps to the top five among millennial when it comes to bets around covid 19, millennial were ditching -- cruise and airlines, zoom and docusign all fell in the ranks for millennials' top 100 picks. apex sauce a 146% jump in the number of accounts, and roughly 50% increase in their account balances that they say was thanks to the majority of the top stocks outperforming last year. >> kate, i'm waiting for the tiktok etf so i don't have to do all reserve. that is the best app where

16-year-olds can get financial advice from 19-year-olds i try to spend as much time there as possible. >> i'm with you on the memes that's where i get a lot of my research it's some of the tesla stocks, nio, big tech, apple is the number two holding that's consistent across the generations. it's interesting to see baby-boomers holding t-mobile and they don't have nio on their lists. >> let's so some memes this week. >> i might feel like i will become one after being critical of the tiktok investors. we'll see what happens. ahead on "power lunch," springing back what will it take for the economy to make a recovery after this rough winter? plus let them take vaccines. florida officials launching into an investigations in a luxury

retirement home that doled out vaccines to wealthy residents. this stock is up more than u ulca yocod ll it a comfort trade. "power lunch" will be right back today we're going to fine tune the dynamic braking system whoo, what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be a deep learning engineer to help make the world a smarter place does this come in blue? become an agent of innovation with invesco qqq i wasn't sure... was another around the corner? or could things go a different way? i wanted to help protect myself. my doctor recommended eliquis. eliquis is proven to treat and help prevent another dvt or pe blood clot. almost 98 percent of patients on eliquis

didn't experience another. -and eliquis has significantly less major bleeding than the standard treatment. eliquis is fda-approved and has both. don't stop eliquis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. if you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness. while taking eliquis, you may bruise more easily- and it may take longer than usual for bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planned medical or dental procedures. what's around the corner could be worth waiting for. ask your doctor about eliquis.

what's around the corner could be worth waiting for. i feel like we're forglet me check.ing. xfinity home gives you peace of mind from anywhere with professionally monitored home security built around you. no, i think we're good. good. so when you're away, you don't have to worry. the tent. we forgot... the tent. except about that. xfinity home. simple. easy. awesome. hey look, i found the tent! get xfinity home with no term contract required. click or call today.

i'm sue herera here is your covid update. in the last hour, president-elect biden received his second dose of the vaccine he said he was appalled that some of the republican lawmakers did not wear masks last week, and warned the pandemic will get worse in the u.s. before it gets better. biontech's ceo said it expects to make 2 million doses this year, up from 1.3 million providers are also thor iced to use a sixth dose from bottles. a study says the hospitalization rate for children increased to 17.2 per 100,000 children by

mid-november, up from just 2 per 100,000 in mid may more kids are becoming hospitalized you are you want to day, morgan. i'll send it back to you. >> i don't like that statistics. sue herera, thank you. the dow is down about 0.3%, well off the lows of the session, the s&p is down 0.67%, the nasdaq is the real underperformer, down more than 1%, but led lower by some of the big tech and social names. josh brown is looking at the telestrator. >> we want to just preface this by saying -- it's indicative of

investor behavior right now. i just had to give this a shoutout this is a stock that immediately, upon elon musk tweeting you signal, meaning the social media, immediately jumped let's get that chart back up here i think it's -- $33 a share, i think it hit $71 this morning. that might have been a fat finger trade, so in big the technical term, this trend, this is what is known as an lol formation, totally ridiculous. i think investors are behaving like this. we saw it over the summer. this can go on for a while i want to be aware we have this is pockets of foolish -- i don't know what happens with the stock. i'm not buying it or shorting it if we see much, much more of

this, it probably should make you nervous, just about investor appetites. morgan >> that's quite a chart there. >> lol and signal, we should know is a competitor to whatsapp, which is a at the tore there is a lot that could go long and we're going to go to steve liesman to break this down. >> wall street forecasts for growth to average a strong 6% in the spring and summer. based on the u.s. achieves some version of herd immunity in the next quarter or two, which would allow a return to nearly normal economic activity, but there's vast -- that underlie their forecast here's a rough sketch of what we are hearing. first they think there's natural immunity out there at 25%. you want to add 50% of the

population getting vaccinated, then you have your herd immunity of 75% each one of these numbers took five or ten numbers higher or lower. vaccinations depend on supply and distribution that's already lagging behind goals. it also relies on demand polls data showed the u.s. population among the least willing to take the vaccine. a goldman sachs economist tells me, quote, a lot of things have to go right to get a jab in people's arms. that's why risks around timelines are skewed to the downside oxford economics say 60% of the population vaccinated by june. more than 70% of the optimistic cases below 50 in the pessimistic scenarios, so forecasters are watching the new strain and actual vaccinations numbers to see if the optimistic

forecasts are on track. >> do you think that policymakers at the federal reserve are becoming overnight experts in vaccine distribution and epidemiology, given how closely tied some of their efforts must be to the state of economy? what are they reading? who are they paying attention to >> i think we all are, josh. it's one of those things when you watch olympic skating, and all of a sudden you're as good as the judges? i think everybody economist, and indeed investor has to get some sort of working knowledge. i didn't feel good about calling economists and asking about these numbers, but i was interested in understanding what was behind the forecast. i want, do you have any expertise in this? no, we talk to doctors and synthesize it into our formulas. economists can do a pretty good

job on the back side of things, but not responsible for the input. you're right, over at the fed, they're talking to top medical people, trying to understand exactly the formulas and equations and the forecasts that i just put up on the board there. thank you, steve the bond market continuing to rise, rick santelli is tracking the action. >> hey, j.b., nice to receive the to say from you. it's all about the nixed-income markets, and granted there's a lo the of news out there, but in my world, it's the markets equities are holding better than many would have thought. we're at the high yields of the day. 30 has been a bit lazy today this looks to be the fifth session in a row, and of course it makes sense, because the two georgia senators and the re-runoff, that really was the beginning of what looks to be a lot of spending, and the

treasury complex is obviously paying attentions as is the dollar look at tens minus bunds we're at a ten-month high of 162. if we consider it's been 3 1/2 years since we've been close to 1000 in the 10s minus 2 spread, that's something you want to pay attention to, and finally while that's going on, the n.o.b., notes over bonds, it's dipping the under way, which underscores how tens are leading the way tomorrow is a ten-year note auction that will be really important. we'll be watching it closely for us, rick thank you. . stocks are lower, s&p down about 0.6% is there an under the radar bullish sign we should be looking at that's next on "power lunch.

i made a business out of my passion. i mean, who doesn't love obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the things you don't. let's take care of business. at&t. at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley.

into strategies for the road ahead. these days, we want sophisticated but simple. cutting edge made user friendly. in other words, we want a hybrid. and so do retailers. which is why they're going hybrid, with ibm. a hybrid cloud approach with watson ai helps manage supply chains while predicting demands with ease. from retail to healthcare, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm.

welcome back gentlemen, good afternoon to you both ari, in terms of technical signs, what are you seeing >> listen, having a bullish outlook is somewhat consejz, but we think it's consense for the very much like 2017. >> we're talking about a more broad-based rally here.

the layer on top of that a government that's committed to stimulus, i think this leads you to believe the consensus earnings forecast for '21 and '22 are too low. when you layer on top of that a lot of nervous investors, there's a lot of cash on the sidelines that's looking for a home, and you know, we're cautious on bonds so they're expensive, the market doesn't correct usually because of valuation, as long as the information news flow is a little better. i think stocks can grind higher in 2021. >> we'll leave it there. for more "trading nation" head to us on the website or follow

us on twitter. investors are loving that 200% gain over the past year we'll be right back with the ceo of the mystery company stay with us >> announcer: and now the latest from tradingnation.cnbc.com and a word from our sponsor. stock slices. for as little as $5, now anyone can own companies in the s&p 500, even if their shares cost more. at $5 a slice, you could own ten companies for $50 instead of paying thousands. all commission free online. schwab stock slices: an easy way to start investing or to give the gift of stock ownership.

schwab. own your tomorrow.

schwab. - ( phone ringing )es offers - big button,lized phones... and volume-enhanced phones.nes. get details on this state program. visit right now or call during business hours.

and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program visit right now or call during business hours. it is time now to reveal today's mystery chart. this stock seeing some comfy gainsover the past year. it is love sac with more people stuck at home more people are going beneath need more space to park their rears. oppenheimer told us it was one of their top picks for the holidays here now, love sac's ceo shawn nelson things to. when i see third quarter net

sales growth of 43, almost 44% and we talk about this as one of those stay-at-home beneficiaries, as wed the economy recover and hope plow some sort of normalcy as people getting to leave their house somewhat more meaningfully what does that mean for that growth >> it is a common question among investors. what happens post pandemic and people get back to going to concerts and spending their money elsewhere? we at love sac view the home category as hot for the next decade one is demography, millennials buying more permanent furniture. at love sac we make things designed to last into the future and to evolve. you can buy one piece and then add on to it

it is a kid proof, pet proof couch. people are moving. moving to be close to grandparents or across the country because you can, that home turnover is going to be the biggest turnover in the home category the next number of years. >> shawn -- >> yeah. >> it's josh brown how powerful is your brand do you have a mode why can't wayfair come up with their own version of what you are doing. and take back maybe some of what you have taken from them from furniture they are not currently selling that you are how do you think about the competitive landscape? >> great question. i mean, so all of our products -- we only run a couple of product lines they are pattened. they are totally unique in the landscape. they had been hiding in plain sight. you have seen nothing like

sactionals wayfair can't deliver feea fed ex the way they are packed the way they are shipped, the way they can be changed washed, moved, relocated. recombined, it is all patented and we are moving onto our next categories we have a significant product launch this spring which will also be pat ended. meanwhile, we deliver fast, our stuff is in stock now. it ships the next day usually. and it is a very unique concept. >> you mentioned packable. i am curious what your outlook is for ship asking freight rates. we are hearing reports about those spiking given the fact that capacity has been so tight. >> yeah. once again, this is a strength of love sac. in particular. all of our products. we started with these giant not bean bags, $1,000 bags filled with foam.

they shrink down to one-eighth their original size. we compress everything we make they come in on containers where there is 550 units versus 46 sofa sets of our competitors it is a very efficient product we feel those same pains but at the same time we have other tail winds and we have recently been working on our supply chain to make it more competitive in terms of delivery times and distance asks new warehouses so we have a lot of meat on the boep to carve away at our cost structure that so of the more mature companies don't. >> what's the backlog? if i were to order one of your products today how long do i have to wait >> it depends how close you are to our warehouse probably just a few days definitely under a week or two. >> okay all right. shawn nelson. >> it is like the peloton for lazy people. i love it. i should be an instructor on the

love sac just put a pad in front of me. >> we should do a show like that. >> i can teach you how to lounge on a love sac, for sure. more othn e markets coming up on "power lunch." i really need to start adding "less to cart" and "more to savings." sitting on this couch so long made me want to make some changes... starting with this couch. yeah, i need a house with a different view. and this is the bank that will help you do it all. because at u.s. bank, our people are dedicated to turning your new inspiration into your next pursuit. to turning your new inspiration

♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work.

- we did it!c) (crowd cheering) - [narrator] wherever you start, snhu is where you can finish. (crowd clapping) (crowd cheering) - here we go. - [narrator] and it's it. - [group] yay! - [narrator] you did it, high five! - southern new hampshire university. - [man] that gets a hug. (laughing) - look at that! master's degree, i did it! - i did this for my children. i am very proud of myself. - [narrator] finish your degree at snhu.edu. only nature's bounty does. new immune twenty-four hour plus has longer lasting vitamin c. plus, herbal and other immune superstars. only from nature's bounty. welcome back just getting a quick check on markets right now. the dow is moving back towards the flat line.

31,057 the nasdaq is under. approximating, still down about 1%. >> key sectors energy up. health care up, financials are up that might be enough today to offset some of what we are seeing in the red hots pulling back. >> we have a big week, beginning of earnings season as well thank you for watching "power lunch. we are going to be with you all week "closing bell" starts right now. >> it certainly does morgan and josh, thank you very much i am welcome to "closing bell," i'm wilfred frost along with sara eisen stocks were sharply lower to start the day. we are well off the worst of the session right now. let's look at what's driving the action the political fallout from last week's violence remains front and center corporations taking action it looks like there could be sufficient votes for impeachment in the house more stocks are rising like banks, energy, retailers, and momentum winners like tesla have fallen apple is down about %. nasdaq the worst of the major indices. bitcoin was down