i think that the stock works for a lot of reasons. staying long. >> all right. seeing the shares getting a lift by 1.7 a 5. and the dow hitting a new record high today, and good for 276, and nasdaq is the big story of course with the bounce back of better than 3.5%, and that is going to do it for us. "the exchange" is now. yeah, and nasdaq, scott, that is what we will be talk about. i'm jon fortt, and this is what is ahead. the tech is roaring back and investors are embracing the sector as the nasdaq is soaring. is this a one-day blip or return of the market darling. look for the under the radar way to get into the ev sector? how about buying into one thing that all of them need, the rnlg charring center. one thing to remember. and the snapback, and why that sector is getting some love today. now, the shopping list with dom. >> the better part of a decade

now, and technology and mega cap technology and consumer discretionary, and some industrial type names are trying to power the rally. looking at the dow jones industrials are off of the session today, and pushing the 4,000 mark, and the intraday high was 13,001 and we talked about it a day ago and up almost 4% here, and again, the steep bounceback for the nasdaq composite. if you are looking will at what is moving and powering the transactions here, look at the equal weight s&p 500. and you will hear the traders and the investors talking about the notion of the broadeding of the market rally and it is not the mega cap tech names powering it, and these two etfs are showing it the orange line is outperforming the white line for a while, but the outperformances are helping with the s&p 500 and that is

something healthy here, and speaking. and check out these cap names and apple is up 4%, and amazon is 2 1/2%, and alphabet is the parent company of google and these companies make up a third of the nasdaq 100, and that is how important they are, and speaking of tesla, and that stock is having a huge day-to-day and up 16% and now on the day, and that is bringing up a total decline of the record highs down to roughly 28%, and at the lows intraday over the last week, and roughly 40%, and tesla, and keep an eye on, that and the big etfs that hold it and including the arc arkk back over to you, jon. >> i haven't been able to keep my eye off of tesla. and more room to run for the bounceback to tech, and let's bring in the global investment president, and also, bill who is allocation president of jpmorgan

asset management. and xi, what do you think of what is happening in tech, and how the individual investor strategizes around it going forward? >> well, thank you for having me here. i think that market in general is emotional right now. a part of the reason is that we are expecting a strong, you know, post pandemic economic recovery, but at the same time worried about inflation, and you will see the big swings in tech, and we are, and i certainly believe that tech is going to be the future, and especially with this digital transformation that is going to be staying permanently, and when we come out of this pandemic, and i mean, we are going to see more important in tech, and so this is certainly a time to add into tech, and selectively, and also balance the portfolios

>> yes, and 23i8, what is the right weighting of tech, and it does not have to be all or nothing, but tech has run so far, and some of the valuation, and you know, even if tech is the future and these valuations are counting on it, and what is the right weighting? >> yeah, with this, jon, we should have saw it coming, and march 9th, and crazy things happen on march 9th, and marks day that the stocks stop falling 2009, and oil prices dropped on march 9th, and we should have bought the volatility on march 9th, and the question is 9% of the fund in a growth manager, and that is really not very much changed from last year, and the difference though is that we have allocated more to value, and now, jon, these are great companies, and companies that are meeting the earnings, and beating the earnings, and that is going to continue to happen, but you have to make room in your portfolio for what we are considering a very high-classed problem which is folks really

getting the portfolios in order and making sure that they have enough value as things get better, and this powerful dynamic of fiscal stimulus plus an extraordinary rollout so far to date, right and the third thing being a consumer who has a saving rate that is double long term averages is going to be a really nice, a really nice tailwind for value stocks, but don't ditch the growth stuff, but make room for the value away from the passive investing to active managers to reopen the trade. >> and xi, the advice of picking the individual stocks and not going too deep into the indices, and for the individual investor with so much money to spread around that can be tough, so i know that you are looking at the global, and the small caps and the emerging markets, and anywhere in particular that you can call out >> yes, we really like global small caps and merging markets to benefit from, you know, the

higher yields, and even inflation, and particularly china, and i mean, china is, and everybody has been pouring a lot of money into the u.s. markets and china is the second largest economy in the world, and we are expecting gdp growth this year of 8%, and so it is a market that investors can't miss, so, you know, especially with tech maybe looking into some of the names in chinese companies as well. >> phil, how do you position emerging markets which can be really risky, and some of them hit hard by covid and won't recover as quickly as some of the more developed markets in the portfolio? >> emerging markets for us is a high confidence view coming into this year. one of the things that changes that, and china was mentioned and we believe in that, and we created a china a-share in the fund for the first time in

history. however, china is dominated by a lot of the same themes that we are seeing here in the u.s. and ten cent and alibaba are like the faang stocks of the u.s. and as the interest rates pick up, that is going to put some growth there, but this is high class problem with growth recovery and so that is the only thing that could hurt that is the u.s. recovery and it is not just a u.s. pandemic, but it is a global pandemic, and the financial conditions, and jon, i want to be clear here, and oh, my goodness the rates are gone up 60 basis points in six weeks, but the financial conditions are only getting to the point that it was at the easiest place in the last cycle, and financial conditions drove a lot of asset price return last year, and merging markets still belong in the portfolio, and extremely

accommodative place and u.s. value and u.s. cap, jon, they are the two biggest views in the very near term. >> lots of good views from both of you, xi and phil. and if you are looking beyond the stocks go to cnbc.com/pro for five names that could be winners with the stimulus checks to go out this month. now, turning to the financials where the old is meeting the new, and sew phi announcing that i acquiring a bank to become a full scale bank itself and the acquisition is going to open up a new opportunity for the fintech company it hopes. kate rooney is opening up with more. kate. >> the deal put sew phi on the fast track to expand the business. they plan to buy golden pacific lender for $22 million, and this is part of sofi's plan to bring banking services in-house, and so instead of the third party, they want to hold the customer's

deposits and issuing loans. so if i had applied for a bang charter, and instead of applying for a brand-new bank, it will apply to be a bank holding company. a few reasons to do this is for one, it is a lot cheaper. the bank president anthony noto saying it could save them as much as 100 million, and they are not the only ones looking to cut costs, and their money was approved for its own charter and squares bank officially launched last week. if the trend continues though, the analysts says it could be bad news nor small community banks that have been handling the customer deposits for fintech so far. and sofi announced it was going to merge with a spac, and that deal is expected to close in couple of week, but looking at the shares of the blank check today and it is up as much as 16% today. jon, back to you.

>> kate, we were talking to anthony noto this morning about this move, and i was trying to figure out whether or not this u.s. version of the challenger bang boom has some danger in it, and he seemed to imply that with this move, they become a bank, and they are going to offer the interest rates much higher than typical, and they won't be as locked into the mode that banks typically are. and this is a risk for them, right? they are giving money away at a higher level kind of as a marketing thing. is there a kind of proven track record for that model? >> it has been interesting, and it is putting them closer to the regulator and cuts out the middleman and direct contact with the regulators and in that sense it is the risk and the onus is on them, and if anything is going wrong, it is sofi's problem as far as the community bank, but the interest rate, that is how fintech has been competing and offer people a high interest rate and then

lower it as sofi has done and as the interest rates have been going down, they have had to dial it back, a but that is the way that the people in finteches have been competing in the market of who can offer the most money in deposits to do that, and it can be a good customer acquisition channel. >> and it seems that they were willing to go higher than in the past. >> yes. >> and so 2 1/2% sounded great, but now it is pennies. >> right. there is a cap. there is a cap, but yes, absolutely, they have to subsidize it a little bit, so they are spending money to make money. >> we all want yield. thank you, kate. >> and coming up, the massive growth throughout the pandemic is creating and unexpected winner we have the story and the name set to benefit. and the name of faang names with a way to go before the highs. apple is down 16% from the 52-week high and the biggest drop off of the high, and amazon

is off from the 52-week high 14%, and netflix is off about 14%. we will be right back.

and now, the rise of remote

working and cloud and remote working has given a boost from the data market, and we go to diana olick. >> yes, this is one of the quietest markets and that is data centers. this is the data center in ashford which is due to expansion because of more demand. this is the largest data market in the world, and it is in the midst of a massive pipeline for data centers, and this is data center central in north carolina. these were the highest performing reit sector last year ending up 21%. this is the names like core site

realty and qcs realty trust, and they fell back about 11% last year to the second best due to i.t. budgets because of covid, and that is from a report from cyre with everything due to covid and everything that went online. >> we believe that 2021 might be the record year, and then we will accelerate thereafter and not only in the markets heavily concentrated like northern virginia, but spreading into the smaller markets for resiliency and cheaper power and green and edge. >> now, one of the problems though is that the only thing that is standing in the way right now is higher interest rates, because of course, the cost of capital is so important to growth companies like this one which is making the volatility in the stocks of all tech sector stocks as well as the data center stocks, jon. >> i love those shots and the insight, diana. thank you.

and despite the strong 2020 growth, data center sectors have underperformed noticeably over the last few months and with the tech trade, they seem to be losing steam in the opening rotation, and let's bring in nick, the senior analyst at moffitt, and i wonder about the supply issue, because it would seem that in a sense, the data centers are competing against the mega scale cloud. do you end up with a situation eventually like the semiconductor market where there is a fab build-out, set going to affect the pricing >> well, you know, the answer is that it depends. it depends on the niche and the flyers and broadly speaking, it can be bifurcated into two pieces. you can have operators into the realty business and folks who cater into the larger scaled components that the hyperscalers put out there, and into

hyperscaler build their own data centers like google or facebook or what have you, that can certainly substitute for lease and activity that would otherwise go to the public flyers, but it tends to be focused in that part of the market as opposed to the interconnection areas. >> how deep do you dig and look at where these companies are building out the facilities, because the costs are going to be different depending how much they pay for power and how much the network connectivity is, and the geography is, and that is why virginia is such a popular spot. >> and virginia is the largest data center, because land is plentiful and a ton of connectivity and power is cheap, and natural disaster is low, and workhorse that is promoting the assets and tax rate is favorable, so those things tend to snowball, so when things tend

to go big in an area, it attracts more construction and northern virginia is the prototypical example of that. >> what determines which of the stocks, and core site, and cyrusone or which ones tend to get the benefit of the valuation? >> i look at return on investment, and it is capital intensive business, and so they translate the growth they are seeing into value, and specifically value per share. if you are looking at call it e equinext, it is difficult to replicate, and they will get the premiums on returns that others cannot, and so they convert

growth into value at a higher cadence and multiples. on contrast looking at the other multiplier, it is more difficult to have that growth out. so we look at equinix and coresite. >> than you for that insight. >> sure. >> and up ahead, we have two names taking a charge in this charging sector, and it should be on your radar, and also, a look at stitch, and sinking today, but it had a strong january, and saw large client, but shipping delays hit the revenue and the stock is off 50% from the high. we will be right back.

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welcome back to "the exchange." a check on the markets on a big rally day. the nasdaq dominating the gains, and up 4%, and the s&p up 2%, and the dow almost 1%. and the sectors and the consumer discretionary, and health care and utilities are the winner. energy is the only sector lower, and now we will focus in on the tech trade. the faang stocks are roaring back, and all five names are jumping with apple the leader

and up 4% as is amazon and semi is on the move, and the etf and smh and nvidia and broadcom and and reserves leading that. and one area that is not participating in the rally is the media names discovery, viacom, and fox are among the worst s&p 500 performers, but comcast is still doing okay, and that our parent company. now to rahel solomon for an update. >> hello, jon, and everyone. the pentagon is to extend the national guard at capitol hill for assistance for two more months. the national guard deployment at the capitol is set to end on friday. nearly one in three women worldwide experience physical or sexual violence according to a new health organization. researchers found that much of

the violence started early with many of the women experiencing violence by mid- to early 20s. and the "phantom tollbooth" author norton juster has died at age 91. he also has written many children's books. and gamestop is looking to climb back to the highs. and maybe 400, and new stock is catching the reddit investors' eyes and josh, what is it? >> well, it is as of this morning of the top 100 posts on the wall street reddit forum, it is gamestop, and palantir and amc, they are the most frequently mention and gamestop coming off of the monster day yesterday when they said that

former executive ryan coney is going to lead into commerce. and tesla is now surging with which is also listed on that for rum, and set for the best day since march of last year, and ready to snap a five-day losing streak, and another interesting name that caught the name of reddit traders is apple moving sharply today. it is under pressure of 15% off of the all-time high, and that is of course after a remarkable 2020 in which it surged 80%. this morning the investors at loop capital said they are planning a virtual event on march 23rd in which they could produce air tags, and ipad and next generation airpods. >> anybody can look at reddit and wall street bets and even if you are not, and investor little guy, and even a hedge fund manager, and look at this, so it does not necessarily mean that,

right, that this is all powered by the little guys >> no, of course not, and the fuel could come from a lot of sources. i would mention one other name that is kind of interesting, the changing flavors and tastes here, jon, in terms of what they are looking at. rocket was not even in the top three this morning, and you remember that is one that we have been mentioning a lot, because it was in the top five last week, and that is on this wild ride. last week it was up 70% in one day to 40% though now off of the all-tie h all-time high, jon. >> we will see how long these ideas stick, josh lipton. bitcoin is back above a key level, and all of that is coming up in rapid fire. now, let's get a quick check on the dow 30 heat map.

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now, let's catch up on a few stories that should be on your radar, and it is time for rapid fire. here is dominic chu and julia boorstin and a cnbc contributor -- and we were going to talk about faang, but that is gone, and disney has just stopped 100 million paid global subscribers uf 45% over a month, and julia, does it mean that disney's velocity is something

that netflix might have to worry about? >> well, look, i think that one thing is for sure, jon, this announcement of 100 million plus subscribers for disney plus is a sign that the audience for disney plus is so much bigger that on the company anticipated and the company's original forecast because they said that they aimed to have between 60 and 90 million subscribers by 20204 and then they upped the forecasts in december and now they want 230 to 260 million subscribers by 2024 but now in 16 months in the launch of this service far exceeded their original guidance just means it is not a service for families, and they talked about that in the most recent analyst day, and not just a service for family and families for kids, but a service that can have broad appeal. >> i liked "raya and the last dragon" and it has not done well

yet but when you are looking at the content library, and how much does that strategy play into this, and the more traditional media names out there, and the comcasts and the viacoms of the world >> i think that we are living in the franchise world, and julia, i think that disney sandbagged that initial investment there, and they set themselves up for success, and you have marvel and "star wars" and you don't think that you can get to this number fast, you are undercutting yourself. but we are in the franchise world and they are going to have the ability to execute on the franchise world of marvel and "star wars" and iger's last call, and so that he is going to slide over, and so they have to execute on opening the theme parks and execute on the live theaters coming back, and some of the theaters want some of the movies, so there is a lot here

to continue to execute on, and the thing they have is that they have franchises that people love and the creative things that people love like wandavision. >> i have to think that he lucked out, the thing that the guy gets top job, and the streaming guy, kevin meyer is going out the door, and look at the numbers. >> it is amazing, because what you talked about struck a note with me, because i am not a disney plus subscriber, because i am a marvel cinematic guy even though i am a massive massive "star wars" fan, and i would not have been getting into buying for it if it weren't for two small children at home, so even though i am a huge fan, i wouldn't have done it, but the audience growth here is driven by the fact that i pay the bills, but also because my kids and specifically the 4-year-old daughter spends way more time on the platform than i do, and looking at the way that the streams has developed, it is not that long ago that i recall

voting on the streaming video and synonymous with netflix and it is feeling like these days talking about the streaming video and it is synonymous with the franchises. >> yes, and dom, disney is committed to 100 new titles here, and that means that everybody is going to be spending more on content and not that it is netflix paying a fortune for new content, but disney's investment in 100 new titles, and think of the different franchise titles that we will see. and it means that everyone is going to be spending more and away raising the bar for all of the new streams players and we got paramount plus a few weeks ago. >> julia, let me say this, i was a massive fan of wandavision and i can't wait to see what they do now that they have the fox properties to see the x-men and dead pool wrapped in, and this could be huge for a comic book fans everywhere. >> dom, don't give me that it is

the 4-year-old's fault, and you know that you are down for the book a boba and anyway, the social media stocks are down with the pinterest and twitter and facebook are moving higher, but month to date, they are seeing the double-digit declines with facebook barely holding on to a gain of 3%. >> so some of the names are stretched and we have had a move in the 10-year yield, and all of that, and so i don't know what to make of this but pinterest has sure been an interesting company to watch over the last couple of quarters. >> well, i think that the simple answer here is that they are competing and building new revenue lines, and there is promise in the new revenue lines. and it is not to peel off some digital share from facebook and google. twitter had a product on my podcast that is out today, and he is talking about the super followers and the social graph on twitter, and he is talk about the invite-only spaces that look

like clubhouse and they are building out the ecosystem for people on twitter that is looking exciting and not like facebook business and the same is true for snap, and pinterest, and that is a segment that has been static in terms of the revenue opportunity, and now you are going to be seeing excitement about what could be there in addition to advertising. >> twitter has to do it though, dom. they talk about these product moves and sometimes it seems like they talk about them so much before they do them. >> i think that, yes, you have a great point here. the whole idea of having some optimism about these is the ability to monetize the content, and we talked about the content in the last segment there with regard to disney plus. if you are going to gear the business model toward content creation and the monetization of the content, then you have a runway here, and what is curious to me is that facebook has not participated with this, because when i am thinking of the content creators in this point

of the social media cycle, i think of instagram, and the product, and the influencers can make, and how much product they put out there, and how they can get me to transact on the platform. if you are a social media company looking to do something along the line, maybe it is still facebook, and instagram that are the model for you, and i don't know about twitter and snap chat can catch that situation with facebook and inis the gram are doing. >> well, julia, you talked to evan spiegel a couple of weeks ago and that stock has been on a tear, and he has held to his built here, designed here strategy. >> absolute i. a and i was talking to analysts this morning about the fact that the stocks were moving higher and we love to hear that snap has 50% revenue growth over the next several years, and they don't expect the growth to slow. and another thing is that fox's cfo was talking about that, and the deutsche bank is slowing, and the idea that the

advertising market is coming back, and the traditional social media is going to figure out how to tap into the growing ad revenue. >> and spend that money, and topic three. tesla is making a big u-turn today, and the shares are up 20% to break pace of the longest daily losing streak down from march down 23% from the all-time high, and the stocks are trying to get a price target of 29%, and that is on target with the high of january. and dom, i don't know whether to pay any attention at all to all of the various moves in tesla, because i have more torque than a tesla. >> or even the analyst commentary, because it is all over the board at this point, and there was a consensus trade as it was going up that if you were a analyst you had to upgrade and put the price points higher, because it was the momentum of the overall move in the tesla shares, but right now, there is a huge focus on whether or not the tesla pullback is one

that you want the buy, and today's move suggests perhaps yes or short covering, however, if you are looking at the way it plays out, the entire thesis or a good amount of it over the course of the next several years is going to be about the t.a.m., the total amplification of the market because tesla has the premium end of market well set, and that is why you are bullish on the stock, but this is one of the names that you to really figure out whether or not it is the charts that dictate the action or the fundamentals are the ones who are pushing it, jon. >> well, julia, i don't know if you can address this with the total market because it has to be software, and platforms and battery technology. >> and don't forget about the charging stations, jon, and so many pieces to the ecosystem, and talking about the charge point, and the charge stations that are going to be really need to roll out broadly and be available throughout cities

before this can really become a mainstream thing. >> niala, has any car brand or the ev brand even approached tesla just in the marketing, raw strength >> i don't know about the marketing, but i will tell you that i have a bright blue mustang imaki review unit in my driveway right now it is a fantastic car, and dealers are already put ting $10,000 mark-ups on that car, and the charging is the drawback. and people want it to be, but if they can accelerate that, it is going to be a great year for evs and great year for that total market. and you volkswagen, and the mustang, and ford's electra 150 and the cyber truck, but there is more coming, and the market is going to hit a maturation point that is going to be

exciting. >> okay. a head-turner. okay. finally, the bitcoin is back above the trillion dollar market value for the first time since january, and investors have been pointing to institutional investors as a price point to keep afloat, and the print maker says they have invested in bitcoin and ethereum. and julia, some of the high prices have been justification for the high price that the institutions are going to get in and keep it high, but i don't know, the institutions are in the stock market all of the time, and it crashes >> well, look, what you described is a circular argument, jon, but to have the move of paypal get in to bit koip, and get into the crypto currencies, means that there an opportunity for them to be a part of our daily lives instead of investing in them. so it is going to be interesting to see the corporate use of the

crypto instead of just trading in them. >> and now, niala, does this bitcoin thing become like tesla and supported by the cultural moment even more than the blockchain and the technical foundations? >> i only ever say one thing about bitcoin which is for all i can tell that people are interested in bitcoin, because they like dollars. so buying bitcoin, because they see the dollar go up, and the real question is when people are going to spend the bitcoin and use it as a currency, because that is the thing to make it compete with the dollar. >> dom, i thought they liked it, because they are interested in elon musk. >> well, like he just said, and the use case is one that i have been talking about for a while, and one of the things that got my attention is over the last couple of weeks over my take-out runs of getting my family one night, i went to japanese restaurant, and they accepted bitcoin as payment. so you can go there and to

transfer the bitcoin and pay for the sushi dinner or whatever it is, and that a huge development, and right now, we are talking about the supply and demand, and fundamental this or that, and if you are going to get people to transacting in it, and that when you could see a pick up in this, and by the way, if you are an investor on the institutional level, i am not sure that you like the volatility, and maybe it is going to have to smooth out, and you will get people interested. >> and i am sorry but we have to go, but i have to point out, that sushi, and disney plus, and you do everything for the family, dom. that warms the heart. and ev channelling names getting drained. charge point is down 31%, but collin says it is time to buy and the electrification of the mobility has only just begun. the analyst behind that call is going to join me next, and tune into cnbc's "on the edge" at 6:00 p.m. for the sharpest opinions and the hottest takes and the fiercest debates on some

of the big business stories in the world, and bit exchange as well. we will be right back. 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

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ev trade is rebounding today and along with tesla, you have nicola and lordstown bouncing and why not buy the market that all of them are going to need, charging stations. collin initiated the sector with a positive bias of two names poised for a rally. joining me with picks is gabe dowd, the senior energy analyst at cohen. and gabe, how do you pick, and tell the difference of the stocks >> well, yeah, jon. thank you for having me, and you know, to your point, the conversation with dom, and you know, i think that there is a lot of new and exciting ev models set to hit the market over the next couple of years, and the one that had prohibited the adoption of ev on a wider

scale is charging. and so that is going to proliferate at a 30%. and so you will be likely needing 2 to 3 million public connectors and another 5 million deployed at home. so we will be seeing the overall growth in market. between the two stocks, we are coming out with the charge point, and two different positive models. we like charge point on the pick, because they have differentiated themselves as a market leader in the u.s. with 60 to 70% hardware share, and they do not monetize the driver and sell electricity to the driver as you are using the analogy of the gasoline to the drivers with traditional cars. so it is a hardware sale, and the offering that going to provide some sticky revenue that

comes in at margin so the company, although it is a sector so far, they have done a nice job of taking the share, and we do -- >> well, if you believe though, that if you believe that the teslas, and the mustangs and the other cars are going to sell, shouldn't you want to play with somebody who is making money off of that customer sale? >> yes, jon. it is a good point, and that is why we like blink, and the company is positioned to ca capitalize on the utilization of the charging structure, and today, most of the estimates are going to put it to 5 to 10% utilization, which means one to two charging sessions per day. as the ev fleet continues, we will have blink who is well positioned to have significant operating models it is an early sector as you mentioned, and it is going to remain to be seen which is best

positioned, but we like both of those specific reasons. >> how much of this is real estate connect ted or the cell tower business where you know where to locate it and acquire that location at a reasonable cost. >> jon, that is model. so i think relationships with your site partners come into play the companies do a lot of deep dive work on where exactly to put a charging station for lower stations, you'll see them proliferate in whole foods, walmart, costco. the utilization is about changing consumer behavior you're not going to refuel anymore but recharging your car will ultimately become part of your background, of your day-to-day scenario. hit the gym, charge car while you're at the gym. >> okay, okay. well, i can see that possibility. players like costco going to be

important here like they are with gas >> costco obviously part of their model is offering cheap gasoline ultimately, they could offer cheap electricity at a particularly or extremely low price. to capture more foot traffic. >> that would be an interesting benefit with the membership. thank you. >> thanks, jon. still ahead, one million more men than women reportedly lost employment during the pandemic, but new data from cnbc and surveymonkey show that not all is lost. t women's ambition and you can g tch us live on the go usin the cnbc app "the exchange" will be right back

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the pandemic has hit women's employment particularly hard and now it's hit their ambition as well as. according to surveymonkey at work survey. julia boorstin is back with those findings julia? >> john, that's right. one year into the pandemic, we have seen a big decline in ambition, which could have meaningful ripple effects across the economy and could exacerbate existing gender gaps

our new cnbc surveymonkey women at work survey found 42% of women describe themselves as very ambitious that 42% is down from 54% in our survey before the pandemic for women of color, the percentage decline particularly large. fell from 75% last year to 54% this year while hispanic women saw the biggest percentage point drop from 65% to 42% this all comes as 65% of women we surveyed say that the pandemic has made things worse for women in the workplace 22% say their career has had a setback and 37% say they've considered quitting their job. we have seen these trends play out in women's participation in the workforce which hit a 33 year low in january. over the past year, more than 2.3 million women left the labor force compared to roughly 1.8 million men according to the national women's law center

analysis of the latest jobs report you can find much more from our exclusive survey online at cnbc.com/makeit and we'll bring more to you later today on cnbc. john >> julia, sentiment is a curious word and it seems there might be a difference between what women want and what they feel they can be prepared to put in right now in order to get it any sense of what ambition means in this case when women have often had to take on the burden of increased family responsibility >> you know, ambition is a funny word, john it can mean a couple of things but if you're less ambitious, not put yourself up for a promotion or ask for a raise or may not see yourself as being able to climb the corporate ladder so it could have various different implications, but i think that if you look at all the data about why women feel burned out and we do have more of that in our survey, for moms,

feeling like can't juggle the work-life balance. we'll revisit this in the future and see changes as women go back to work, schools reopen but for now, a lot of factors indicating that gdp could be really depressed if women are pulling themselves out of the workforce. >> right, one of the most important factors for the ongoing growth, we hope, of the economy. julia, thanks. that's going to do it for "the exchange." up next on "power lunch," dana settle with tech valuations and much more next after this quick break.

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get the food you love with perks from- - [crowd] grubhub. good afternoon, everybody. i'm tyler mathisen welcome to "power lunch. big rally on wall street nasdaq snapping up more than 4% after falling more than 10% from its record high. is this a head fake or a real comeback speaking of comebacks, the consumer on fire more stimulus coming we'll speak to the president of north america at mastercard about whet