10 times earnings and 2.7% dividend yield and look for cash flow. >> good stuff, and good to see you again. pete >> 10 years are going higher and the financials will continue to go high and looking at citi and i bought the calls in the show. >> joe lastly and quickly to you. >> pinduoduo and give brad credit for that one. >> thank you, everybody. "the exchange" starts now. >> thank you, scott, and hello, everybody. i am brian sullivan and maybe it is not all doom and gloom out there, and you will meet the multi billion dollar ceo who says that americans are spending all over the country, and what he is seeing coming later this year, and maybe you have to buy some size 14s, because amazon's new ceo has big shoes to fill, and we will give you a look at the new man running amazon. gamestop and amc, listen up, if there is any company that knows about being attacked by short

seller, it is overstock, and we will talk about the battle they know all too well, a fnd you are over, stk is up a cool 1,000% a year. and welcome, everybody. so much to do as always, but as always, let's start with the markets and your money, and seema mody with the rundown. >> three hours left to trade, brian, and the level to watch on the s&p 500 is 3842 and that is the intraday level high, and we hit it earlier today, and trading around those levels and the s&p 500 is higher and the nasdaq is higher, and a focus on earnings tonight from paypal and the stimulus talks in washington. a big deal in the health care space that we want to point to and jazz pharmaceuticals by a cash and stock deal for gw which is best known for the cannabis products best known for the

epilepsy products, and you can see that deal is helping other cannabis products move higher, and the ticker is etfmg that you can watch today which is higher on that deal. other stocks on the earnings front, and alibaba is higher by 5%, and the chinese stock is raising $5 billion in the debt market and travel, and carnival, and airbnb and moving higher, and so i will send it is back to you. >> okay. before i let you go, seema and no honeybadger comments, but you cover the travel industry, and talked to the cruise lines and any indication of when the cruise ships are going to cruise again? any dates planned? >> this is where we stand with the cruise industry, and we are expecting the cruise lines to resume operations sometime in late march or early april, but it is down to the cdc, because they have to provide the guidance and that green light for the cruises to return, and so wait for that. >> all right.

seema mody is looking at the market, and thank you very much. all right. the gamestop saga is certainly turning a lot of attention back to the concept of short selling and particularly of how one company can have more than 100% of the stock float and short, and if there is one company who knows what is going on, it is overstock, because for years they felt relentless attacks by hedge funds and short sellers to come out stronger, and the stock has doubled, and despite soaring 600% last year, but you may not know it is gaining from the crypto and launching from the exchange, and t0, and we will talk to jonathan johnson and welcome. aim having flashbacks of the long conversations with your former ceo patrick burn for years dealing with rocker partners and all of these short sellers and just relentlessly

coming after you, and if you were to have a conversation with the ceo of gamestop and maybe you have, what would be your advice >> well, you know, my advice to the -- and i'm not in the business of giving advice to ceos, but i would say to keep performing. talk to the s.e.c. about whether there are as manipulation or fails to deliver. what i really think is gamestop and the amc situation is showing that we have problems in the plumbing of wall street. there is no reason that in 2021 that trades need to settle at t plus 2, trade plus two days. the trade should settle simultaneously and t plus zero, and blockchain technology facilitates that. and so two of the companies that we have taken ownership of t plus zero and pirro nova, and

that is something that gamestop should promote and the s.e.c. should look at, and no reason for t-plus two anymore. >> and what is the stumbling block, and jonathan, i am taking a wild stab that it is not technology, but money. >> i think it is money, and i think it is regulators being slow to push this technology that has caught up to the place where we no longer have bicycle boys driving around wall street delivering the stock certificates and the tcc can facilitate this. what we need is that we need the regulators to be more interested in insuring fraud and safe markets than worrying about hedge funds may think and what it may cost them if we go to t plus zero. >> so for the uninitiated and i mean, i'm not exactly a pro

understanding how that works as well and the robinhood ceo put an opinion piece out yesterday arguing for the same thing arguing for the realtime settlement and the two-day lag between the trade and the settlement, and how does that al alter or twist the markets >> well, it is difficult for companies like robinhood to have the right amount of money to secure the trades. but more importantly, it allows sophisticated traders to locate or think they may be able to locate a stock, trade it short, sell it short, and then they may not be able to locate the stock, and that results in a failure to deliver which is how companies like gamestop wind up getting more float out there than they have stock issued. what we really need is for the s.e.c. to say, look, if you are going to short the stock, there

has to be a hard pre-borrow requirement. borrow it before you sell it, and not hope that you can borrow it or hope that you can locate before you go out to sell it. >> so you are not saying to don't short sell, and people say to outlaw the short sell, and in other markets like china, but that doesn't work, so you want the process to change, and let me transition, jonathan, because your stock has just rocketed, but why is that important, to take i think 18 companies that you had an interest in either blockchain, crypto or other parts of that ledger, and why important to roll 18 companies into a venture capital fund, and t with zero exchange to overload the stock? >> well, like you mentioned, we have 18 companies part of management ventures and we have partnered up with a great venture capital firm hellion ventures and when this deal

closes, they will provide the oversight to the companies. we realize that these companies had gone beyond the seed stage, and we needed someone with the expertise in helps to get the product technology to market, and providing the right investors to help them to grow and who better than a venture capital firm who does this every day all day and knows how to do this. and it allows overstock to focus on our core business which is ecommerce and home furnishings which is lucrative for us in the past year. >> yes, it has. and how do you differentiate yourself from and amazon which is by the way, we will talk about in a second, because you have a new ceo, and you probably know andy by the way, and how do you differentiate yourself by the way and win? >> well, we are playing to a different quadrant of the market.

and unlike amazon, we are not a general market, and we focus on the home market, and unlike wayfair, and we are focused on the smart value and bringing our customers what they want and what she wants for less and at a great value. so we think that quadrant of the market where we are playing, there is a lot of green space for us to grow. that is what we have been doing. >> yeah, i know that you have earnings coming up, and i don't know if you are going to answer it, but i will ask it anyway, and where do you stand with the government contract issued with amazon and it could represent a couple of billion in sales, and where are you on that? >> the government contract we launched in august of lasty yea, and it is going slow andmoving at the pace of government more than the internet pace that we'd like to move at, but we are hopeful on that.

we will announce our earnings on the 24 th of this month, and we will talk about it more then. >> jonathan johnson, and a lot more there, and you are taking me back to when the fights were raging on, and thank you, jonathan and the best to you and your team. >> thank you, brian. >> all right. take care. all right. the news that rocked the business wires last night, jeff bezos and maybe you heard of him, stepping down as the ceo of amazon, and andy jassy is taking the over as ceo, but who is andy jassy who is going to be operating one of the most important companies of the world. and so now we have john coming in to tell us who this is and

how he is different from jeff bezos? >> i don't know him intimately, but i have spent time with him over the years and andy grew up with amazon and amazon with him. he joined back in 1997, and straight out of grad school. he took on a role as jeff bezos' chief of staff a few years after that, and the role was undefined when jeff bezos offered it to him, and andy jassy told me at first, he turned it down, because it was not clear how important the role was going to be or focused on the core strategic issues, but he and bezos went back to craft the role that is going to be jeff bezos' right-hand man in meetings and helping him to prepare for meetings, and other people to prepare for meetings with bezos and having a key voice in the meetings about direction and strategy and then 15 years ago, andy jassy said,

what if we start aws and what if we rented out access to our infrastructure to other companies and that idea grew and grew, and so over the years as i have talked to andy jassy and the things that stand out are the consistency in his message and the focus on process and srt of the day in/day out, and year in/year out, and saying that we will develop our own database and reduce the reliance on oracle, and do away with oracle on the system, and they have done that. they have built their own server infrastructure and designing their own chips and growing the capabilities of those chips and just, you know, methodical, consistent and now he's bringin that sense that he has gotten from amazon working with the company overall and bringing frit aws to being the ceo of amazon as of mid year. >> we showed the video of bezos with the desk, jon, of the door

desk the on netscape to take you back. there he is, the world's biggest bookstore, and does this move highlight that aws, and i don't want to say that it is the future of amazon, but it exemplifies how important that business is to the company. i assume there are other people or maybe there were no other people that weren being talked about as possible successors >> well, it does exemplify that, brian. that is totally s next ceo of amazon if jeff bezos decided to step aside you would have mentioned jeff wilkie as well, and he announced at the end of last year that he would retire and no sense of whether he had wind of the idea that a transition was coming, and that he wouldn't get the nod in this case, but i think that defi definitely the importance of cloud and the importance of the

kind of innovation invention that aws has brought and the fact that they have been able to stay in the lead despite all of the challenges that they have gotten from the most powerful companies in tech. all of that speaks to what andy jassy has been able to do, and certainly what jeff bezos and investors in amazon hope that he will continue to do. >> like last quarter beating the consensus wall street sales numbers by $3.5 billion and the amazon quarterly sales beat was larger that on the an yulnual revenues of twitter and amazon. so we will look forward to the conversations, and hopefully he is not going to go hiding under the dex like bezos as far as media. take care, jon. >> thank you, brian. >> and on deck, what is the real state of consumer spending in

america right now. the ceo of visa is going to join us for a rare interview coming up. and plus, what is driving the recent stock rally reddit earnings stimulus d, all of the above? we will dig into that and get some single stock picks just for you. we are back after this. this is "the exchange" on cnbc. between safe or sporty. modern or reliable. we want both - we want a hybrid. so do banks. that's why they're going hybrid with ibm. a hybrid cloud approach helps them personalize experiences with watson ai while helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪

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all right. welcome back. well, there are a lot of questions about how the american consumer, the american family is really doing right now. of course, millions are out of work. the hospitality industry is going through what can be described as a true depression. but for tens the of millions of other american families, they have been actually saving a lot of money and not traveling, not commuting, not going out to eat or at least not much, and a few companies know what is going on as well as visa. they don't talk much, but when they do, we listen. kate rooney is joining us with a special guest. kate. >> that is right, brian. visa is reporting q1 results last week, and topped expectations on the revenue and earnings. and the payment giant did see strong debit and ecommerce trends and the revenue did increase year over year due to weak travel in the pandemic, and

they announced a $8 billion buyback, and today, visa is pushing into digital currency to help the banks roll out bitcoin and crypto trading and visa is looking to push into fintech with the $5 billion deal of plaid that pushed back from the department of justice. here to talk about all of that, al kelley, the ceo of visa. al, great to see you and thank you for being here. >> ate, it is a pleasure to be with you. >> i do want to start with earnings and you came without the q1 earnings last week, and talk to us, as brian said, how the consumer is doing in the pandemic, and where are people spending the money, and how is that for the broader economy and visa's business? >> happy to do that and one thing to remind people is that the last quarter grew over a precovid quarter, and so as i am talking about the numbers it is important for the listener to bear that in mind. what we saw was a strong holiday

season led by debit and ecommerce. and ecommerce volume went crazy and most of nit retail. a lot of the spending that people would have done normally on traveling for a vacation or to see families, that money was redeployed in retail purchases. many of those purchases made with debit cards instead of credit cards, and that is a big change because of covid. we are seeing an incredible acceleration in the displacement of cash as a option of people worrying about whether cash actually carries germs. and domestic volume is pretty much around the world performed well. we were up 19% in the middle east and africa. and up 16% in latin america, and up 8% in america, and down 8% in asia and excluding china, we

were flat. so, the consumer particularly in the countries that celebrate the holidays, really, reallyturn t ecommerce and spent a lot of money in retail. >> interesting to see that on digital payments. i wanted to ask you about the crypto currency and bitcoin, and visa's announcement today is a crypto software program. and what is visa's role going forward the ecosystem to be decentralized and they don't need the payment realms, and how does visa fit into the bigger picture of crypto? >> we are an enabler, and we don't pick the winnerser losers and to the point that crypto is an accepted form of exchange for buying goods and services, we want to be there. we look at crypto in two categories, kate. there is first the bitcoin which is typically something that people buy who are looking at an

investment, and crypto currencies that we see as a potential for making purchases. what this is bringing to the party is that it is quickly going to enable a user or owner of a crypto currency or a something like a bitcoin and be able to convert that, that currency into a fiat currency on a visa credential, and then immediately allows them to spend at any of the 70 million places that visa is used around the world, and so we are working with 35 different wallets around the world much more than any of our other competitors to enable people to convert the digital currency to fiat currency and then spend it immediately, and so it provides enablement of people being able to make purchases, and then helps to complete the last mile for somebody who wants to actually buy. we did make an announcement today about a set of crypto apis

and those are basically a new tool that will make available to financial institutions who don't have the capability to facilitate crypto on their own, and wed are creating and on ramp to allow a bank through the website or through the mobile app to facilitate the connection to anchorage bank, and a custodian bank to facilitate to the customers the ability to buy, trade and custody bitcoin. >> got it. i wanted to ask you about the fin tech deal, and they said that allied said it is mutual to walk away from that on the doj pressure, and there was word that plaid walked away from that because of the pressure that visa would have paid a year ago, and what is the future for visa

in terms of fintech, and -- >> well, that rumor is completely false. we have had complete collaboration with plaid from the beginning until that decision. vi t-- i have talked to zach throughout. and both firms would have loved to come together, but it is proving to be way too time consuming, and taking too long to happen. we have interest in partnering with plaid, and we have a very, very established track record at this point, kate, in the fintech space, and we have 50% more partners than we did 18 months ago, and we have a fast track program that does away with the bureaucracy of the past, and it allows the fintechs to connect

with visa very, very quickly. these fintechs are adding tremendously to the network, and they add to the network to have visa kree dcredentials and many them are bringing customers to the network or the network of networks. so we continue to, and will continue to work very, very closely with fintechs the, but as i said earlier, everybody is welcome on the network, and we don't pick the winners or the losers and we are happy to have the up and coming organizations as we are the traditional and important banks of the world. >> al, we have to leave it there, but thank you for joining u and we appreciate it. brian, back to you. >> great interview, kate rooney, and lot of news coming out of the visa ceo. thank you very much. all right. coming up, gamestop is taking a page from the old saying "don't let a good crisis go to waste.

what is it doing now to turn heads. and plus, the goat indeshgs and index, and no, it is not tom brady getting out a stock. it is more americans get out and travel. we will tell you why we say that. and we will comb through the latest stimulus to get an answer to the question that people are asking -- who is going to benefit from the bill most of all. we will talk about all of that coming up. ♪♪ ♪♪

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welcome back to "the exchange." and maybe it is the pause that refreshes. after the whip saw after the last few days and weeks, we are acting rational and calm. we are in the green, not by much, but all three groups, and energy and communications are jumping, and the oil prices are higher. and the biggest laggards are real estate and health care and there is the market outlook there, and energy, and everybody loves oil and gas. we are back. all right. now in fact, we will get the news update and i did not mean to cut you off, sue her rare rash - sue herera, and i tried to dump out, and sorry about that. >> good to see you, brian, as always. this is what is happening at this hour. a top democrat says the house of representatives is going to look

to remove marjorie taylor greene from her house assignments because of conspiracy theories and violent racist views. and the proud boys are being designated a terrorist designation, and that means making donations to them or purchases of a proud boy paraphernalia a crime. and the justice department has dropped the suit against yale university claiming unfair treatment of asian americans. and now, scammers raided with over $30 million, and officers confiscated jewelry, cars and of course, credit cards. you are up to date, brian, and i will send it back to you. >> thank you, sue herera. >> and so much left to do as we

turn the corner on the hour. what do the stimulus and the reddit rally have in common? we will get to that. and also, february is black history month, and here is new england patriot's linebacker brandon copeland and the importance of financial literacy. >> there is a reason why this nfl player decides to take the off seasons to go back to his alma mater to teach a course on financial literacy, because the lack to information has caused a financial wealth gap over centuries. there is a time to put an emphasis on financial information in schools for specifically brown and black communities.

welcome back to "the exchange" and don't look now but february is looking pretty good from the market perspective. yeah, we are not doing a lot today, but the s&p 500 is looking for the best track of weekly move in three months.

earnings coming in strong, and the big tech stocks and stimulus of some size but likely coming and the vaccine rollout is going pretty well and the new cases are down 40% around the united states in the last with the weeks, and so how to invest in and around all of this is joining us is sandy villery, and jason thornburg, and sandy, first to you. you have to be loving this from the fund manager's perspective, because we are learning that small caps, your space, are doing well, and it is kind of becoming a stock picker's market again. and you and i have talked about this company pool, and they are in the pool business, and you and i have loved this business and you still lo tve them, and w come >> well, it has been a stock picker's market, and a company like pool did well in the stay at home period, and i would they even today, you are looking at the sales and 2/3 of

refurbishment and maintenance and it is not like a utility or telecom, and you will continue to treat it with chemicals and while it is pouring, it is continuing the do well. and every time a pool is put in and 90,000 this year, you have to repair and refurbish that pool every 7 to 10 years. so, we like it a lot. >> so you could not get a person to put in a pool, and we talked to the visa ceo, and everybody who could said i will make my home as good as possible, and a three or four-year backlog to get a pool. and jason brady, we talk about the u.s. as we should, because we are based here, but we are a global financial network, and while the u.s. is looking good, there is maybe better opportunities in ty in the emer markets around the world, and where? >> well, one key is to maintain the balance, but we don't want to get into that we are all-in

on growth and value and not just in the emerging markets, but anywhere. a couple of names that have aspects of both is taiwan semiconductor, and participating in some of the growth in technology being part of our lives and really a dominant producer and cyclical name over time, and on the flipside that you would think azula a brazilian airline, and so they have aspects of growth and value, and in a portfolio can be interesting. >> and latin america, and we are watching that one, azula. >> and jason, are you a buyer of that with china? >> well, china is a dominant buyer in the supply chain, but no doubt that it is a diversity, but china is so large, and even

a smaller percentage moving away from that supply chain in not only asia, but places like latin america can be valuable, and so, yes, it is a theme. it is all part of distributed global growth. >> and then, sandy, back to you, ceasar's entertainment, and the casino company, and you have owned for it a while, and the stock has soar and the get out and travel trade, it has done well, and are you looking to trim a little bit with the huge gain in the name, and you believe that even at the prices, and the gain that there is more room to run in ccr >> well, it is a triple-digit stock, and this one that we want to be involved in some of the open up the economy type of name, and these guys can control the expenses so well, that even after occupancy levels that may not be completely full, their profitability and margins are expanding, and i love tom reeg as a manager, and he has done well, and the acquisition of the

hill at $3.5 million to get into the online gaming aspect of thing, and as the municipals struggle and look to legalize the gaming, that is another tail, and just another tail wipd for them. so i think it is going to be looking good. so i think it is a triple-digit stock. >> wow. triple-digit stock on ceasars and you like pool, and jason like azul and so thank you, gentlemen. and now, carson block telling cnbc pro that the crazy trading and the memes show how fragile this stock can be and you can listen to whole interview with carson on cnbc.com/pro. sign up today. all right. gamestop's new c-suite travel is ahming back in netflix and nap.

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all right. time for rapid fire and hitting some big stories and some fun ones that should be on your radar. it is about gamestop, travel, and how netflix is trying to save us from ourselves. now to enter the arena is julia boorstin, and steve kovac, and media reporter for the new york times and a cnbc contributor that are smiling now, but they won't be at the end. and it is gamestop, and now it not about the wild stock, but the company is announcing three executive hires and appointing former amazon web services matt francis to the newly created chief tech officer position. he is going to oversee technology functions, and also hiring a vp of customer care and

vp of fulfillment. and ed lee to you, and the old adage, never waste a great crisis and i am thinking that gamestop's name, good way or bad way, they got a lot of publicity, and they are trying to take advantage of it. >> they are definitely trying to take advantage of it, and this move, and cohen was the guy who bought into the stock with the idea that, hey, if this company can actually figure out the ecommerce side of things, and the delivery side of things, then maybea way to go up which is not the long thesis that we saw on wall street bets, and that long thesis with the dfw guy, and that guy, he was really talking about the explosion in more console games, and that is not where the upside is. the upside is in delivery, and more digital downloads, and so if they can make that work, it might actually achieve, and not where it is trading now, but, you know, that there is real upside, and that is interesting, and it is a real plan that where, you know, finally a

fundamentals might mean something. >> julia boorstin, and you have breaking news of the imminent gamestop movie and/or series, but what do you make of this move >> well, look, i think that this is exactly why ryan cohen bought n and this is the plan to try to turn gamestop from brick and mortar to the amazon of video games. they do have a advantage of million os people in the loyalty program, so they have an audience, and maybe they can convince them to buy things online from them, and instead of thinking of them as a place to go to stand in line for the latest game. brian, that is not the way that games are distributed any more. >> no, but steve, you have to get the people in the stores, and that is the challenge. of course, a pandemic now, but people might poke in and i hear of gamestop and i haven't been in a store for a couple of years, and maybe they like what they see. >> that is the challenge with

the strategy, brian. the way we buy and purchase video games is really shifting from, you go to gamestop and trade in the old game and get a new physical copy. all of the console makers are moving to a digital download model or the streaming model like we are seeing with google and microsoft, and so i am confused unless they have their own app store, how does gamestop capitalize on the next wave of the way that people access the games. >> well, it is why they hired the guy. and maybe they use it as a showroom type thing, and you convert to the digital and you have people coming in to play the games and see if they want to download it, and throwing it out there, and julia, adam driver as vlad tenant, can you see it it could happen. >> brian, so many versions of that told by hollywood, and you can cast so many version, and so many of those actors will be playing those roles. >> and to play the role of david

port portnoy, i am choosing dave portnoy. and for travel, there are so many choice, because with the travel and lodging, 56% of consumers are saying they are likely to travel for fun, leisure or vacation this year which is not that down too much from the nonpandemic year when 70% of us take a trip. and the g.o.a.t. to get out and travel, and solidly in the green. and so, ed, i posted on the twitter, when do you plan to take the first -- and a lot of people said they have -- and when is the lee family hitting the road >> look, the lee family, we love to travel, and we take two to three trips the a year, and at least one or two of them abroad. we are not traveling this year, and even with the vaccine rollout. it is going, but it is not going as fast enough. and, you know, different parts

of the world have different issues as well. so we don't see it in the immediate future, and maybe even not next year or towards the end of next year for us. we are not in the 56% -- >> what! >> that is a high number, frankly. >> i have a flight planned to europe in june that i am planning, and of course i have been moving around a little bit. what about you, steve? >> i will be on a plane as soon as i get both of the shots. you know, this entire pandemic, and i am separated from my family wholeys in texas about 2,000 miles away, and i have not seen them two christmases ago and as soon as i get the shot, i am on the plane and going. >> and steve, you know, texas, a different world down there. >> yeah, exactly. >> and topic three, the very different outside of the northeast, things are very different. and golden globe nominations are out, and in a year when we are all binging our way through the lockdowns, the streamers all came out top, netflix crushing

the competition no surprise picking up a total of 42 nominations across all of the categories which make up 35% of all nominations. netflix far outpacing apple, and max, and others, and julia boorstin, and this is your world, and some of them are great, but netflix had shows to show us, and production has all but shutdown and how important that they just simply had a catalog of shows that they had not shown before >> well, look, most of the shows that we all watched this year were made long before this year. so the content that we have been viewing this year has not been impacted by the production shutdowns and many that are up and running again, but brian, what is so amazing about the netflix numbers and they have more than doubled the number of nominations this year than last year, and that these are nominations across both of the film and tv and part of it is that the films that were to be

distributed in theaters were delayed and maybe less competition, but to me, that is speaking to the fact that netflix is investing estimated $17 billion in content and spending so much more on content and outspending and they have simply more content that we are starting to see it play out in these awards races. >> yeah, i have been binge watching "the office" and soccer. and you guys, julia, around the horn, what do you like right now? this is your world. >> well, i will point out some of the new services on some of these streamers, apple tv plus got a number of nominations for "ted lasso" and that is the a good feel-good show for apple tv and that is only the second year in the game. and i did not see nominations for apple peacock, but it is going to be interesting how they get more attention. >> there are some new shows, and

steve, a show called "flight attendant" that i wanted to hate, but it was good, and staring at the screen. >> it got nominations. >> just what you want "the flight attendant." what do you like >> i have not seen it, but my wife was obsessed with it. "the crown" and my wife was obsessed with it this season of "the crown" was "sopranos" level good. it speaks to netflix's ability to buy itself into these awards. >> thank you, steve. i've never seen one sopranos, never seen one "breaking bad." you're missing out. >> don't get -- all right. >> come on. >> let's stick -- now i've got something to watch don't get on with me about it.

let's stick with netflix the streaming service is testing a new feature. netflix launch ago global test on android devices to allow subscribesers to set a limit after 45 minutes -- give us your show netflix, it's late, you're binge watching, and you can turn it off automatically, so you don't stay up until 4:00 in the morning like a ding-dong, or you wake up and you realize the tv is still running >> it's a baffling feature to me either there's soful people falling asleep and that's not a good thing, or is it the idea that i'm supposed to fall asleep to netflix i don't even know how long i'm supposed to watch a certain thing for. if you want to cut it off like this episode and i'm done, fine, but it seems like a bizarre feat tur. you know, what is great and sort of weird about netflix, i think

they try lots of things all the time they're testing things the speed as well in terms of how fast things are playing, also a linear type sense of it where something just autoplays, and as soon as you log into the system, so at least that part is good i just don't get these particular feature. >> we have to go. >> i totally agree i just have to say as a parent of young kids, you this how you negotiate with them. >> i can see that with the kids. that's not a bad play. >> otherwise it plays forever. by the way, that's -- they're yelling at me to wrap -- you have to wonder if it will hurt their numbers. we're going to find out, i guess. great stuff, julia, steve, ed, appreciate it. rapid fire out of the way. still to come, it may be as no surprise that republicans are

criticizing president biden's nearly $2 billion -- $2 trillion with a "t" covid package is too big. we'll dig in and nasdaq up, gaining momentum we're back after this.

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welcome back to "the exchange." a new reportunder scores some of the republicans' terrence that biden's $1.9 trillion covid relief is just too large ylan mui looks at the report ylan >> reporter: brian, democrats designed a new covid relief package to cast a wide net to make sure nobody falls through the cracks, but the budget report found that a significant share would go to high-income households their model estimates that more than a third in the families in the 95% to 99% of income would get thousands in direct release. the projected average is $4,265,

only a 5% increase still, the lowest income households would see a major boost as well. 100% are estimated to qualify for benefits, and their average amount would be $2,505, a whopping 50% increase in after-tax income the pen wharton found that almost 73% would go to savings rather than spending the white house a few moments ago called this analysis way out of line with order studies, and president biden said he's unwilling to break his promise on the size of those checks. brian? >> ylan mui, thank you very much that wraps it up here for "the exchange. we'll seyou e tomorrow, same time, same channel "power lunch" is up next have a great p.m

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welcome, everybody to "powe lunch. here is your 2:00 take, on amazon turning the page as andy jassy takes over is he up to the task we'll explore