the trb. >> alphabet. best looking chart in all of large cap tech going higher. >> all right everybody thank you. let's get one more market check. the dow has been up for seven straight days. s&p sets a new intraday high we're watching the ten-year as well at 161. that does it for us. "the exchange" is now. hello, everybody i'm bryan sullivan get ready for tax hikes. with stimulus done an infrastructure on the books, is there any way to avoid the irs coming for you biden adviser is here. more states considering legalization we'll keep with cannibas company about the industry following another record year. justin thomas will join us his win, i vnvestments and how e

game has changed rapid fire coming up dom is here with don't rub it in we'll play again. if interest rates are the driving force behind a lot of the volatility, it woultd make sense to wait for a for the record statement federal reserve later on tomorrow before they do any real movements in their portfolios henc hence, you have a dow that's down coming from record lies

check out what's happening with the retail oriented stocks we got a weaker than expected number f it's given some train e traders profits. tapestry, another retail oriented company up about 2.5% ralph lauren off 3%. the equal weight xrt, that's the ticker off 2% as well. gamestop is a huge part of that trade. then a winning trade. check out hast happening with the semiconductor stocks because they were leaders on the way down and they bounced back the semiconductor ticker fell about 16% from recent highs the lows it's bounced back 11% now. look at the etf there, applied materials and micron as well all of these have recovered pretty strongly from the recent highs to lows back up to where

we are now retail and semiconductors and i'll be watch on the short gain. see you. >> all good stuff. >> all right the 1.9 trillion dollar rescue plan beginning the find its way into the economy the administration can turn its attention to infrastructure and taxes. joining us to talk about it is jared. he's a member of the white house council of economic advisers jared, it's good to chat with you again. there's so much to unpack. a lot of headlines about stimulus and corporate or personal income tax hikes. what can you tell us are tax increases on the way >> let's not get too ahead of ourselves here i will speak to that question. ast good one it's important i have an answer for you as you said, the american rescue

plan has been legislated it's now upon the land and we're talking about 100 million shots in arms and 100 million checks in pockets that's up with of the president's near term goals. his help is here tour is out there explain wing what this package will do. now what you're talking about -- this is what finance what you're talking about is building, back better. infrastructure, clean energy, more permanent programs in the childer and elder care space the president has said that permanent programs should be paid for to enhance their fisca

sus sus sustainability >> the 25 billion for restaurants, let's focus there i understand how legislation works. it's very hard to use a scalpel when sometimes all you have is a sledge hammer. i get it i get it was there any discussion instead of 1400 bucks for everybody, the majority of american families don't need it. that's not me. that's goldman sachs there's 30 million families that desperately need more because they were wiped out. is there any conversations about as posed to 1400 bucks for everybody, 10,000, 20,000 for those in restaurants that got obliterated. >> i think we have a fundamental disagreement on the target of the plan it's not 28 billion for all restaurants. it's 28 billion for the hardest

hit restaurants. the tax policy center that does top shelf work on this distributional outcome >> agreed. >> they found the aftertax increase for families with kids in the bottom fifth was 35%. for the middle class, 9% for the top 1%, zero in the small business sector paycheck protection programs of which the rescue plan adds over 7 billion, that's not reached the kind of mom and mom small businesses, black and brown entrep neuros that the president pulled for ever since he starred talking about that that's another improvement

i think the targeting is better than your comments suggest >> well, okay. you came on an economics program. y you're dealing with people that understand the tax code. there's a difference between the stimulus checks and the earned income tax credit not only size and availability those are factored into number you're referring to which is that eitc aid not only for people with kids but people without kids it goes up and expands it. most people i talk to in d.c. believe it will be extended forever. have we seen the beginning, maybe these are dirty letters for you, have we seen the beginning of a universal basic income >> no in the sense that i was saying before. i take universal basic income to mean universal everybody gets something like the same amount. the packages that we have been

talking about all have faze outs and the final deal in senate the faze out for the checks became steeper. if i'm talking about the tax policy center numbers those are all in after tax numbers i'm not calling out the checks or the eitc or the child tax that's all in. 35% for families with kids boosting after tax income in the bottom fifth zero at the top 1% that doesn't sound like universal basic income >> i don't mean in a bad way there has been many other people who you have seen who suggested this is sort of the way into that as well people may love it they may dislike it. let's be clear, it does help those people in need a great deal agreed on that i'm going to ask you to step outside of the federal government a bit you know as well as i do, you can't grow an economy until people can go to work. million of people can't go to work because their kids can't go to school. i understand these state and local decisions. i get it

you may not want to go after them has there been any conversation from the top levels of your office or the white house or anybody to schools that remain mostly or entirely closed and said what do we have to do to open you back up >> this is such a great point. it's a point that's getting a bit lost as every one is looking around the next corner at reopening, reengaging with commerce there's a lot that has to happen between now and then they're not going out into america just to sell the plan. they are going out there to talk to the folk who is have to implement it we have made an increasing emphasis on implementation getting gene spurling on board it's important part of the plan.

when it comes to fundamentals of producing and distributing the vaccine, we have to work from federal to state to local with really a granular touch there. it's something the president did when he was the vice president and it's part of his muscle memory >> 30% of schools never closed in person. 42% of kids are in school all day or most of the day around the united states. i'm talk about public schools, not just private how do we get l.a. and others to open up? >> you're asking the right question here's the answer. this has to be done on a granular kind of first touch scale. that means that federal

authorities cannot do what the prior administration did which was to kind of say state and localities you're on your own. we have to work with them logistically we are meeting consistently with all the stakeholders, governors, mayors who disproportionately democrat or ours, have supported this aspect of the american rescue plan to make sure that we implement the plan in most effective way. we have to work with teachers union, the superintendents and their organizations. all of those groups are part of the logistics. i'm not saying the president is meeting with every school board in the country but he is instructing his lieutenants to make sure that we're taking that kind of logistical approach

that's here been lacking >> listen, for the kids, for the kids and for the safe return of 25 teachers, i hope we can do it. many districts have proven it can be done. let's hope it can be done. we appreciate your time. taking some tough questions. appreciate it. speak to you again take care. >> talk to you soon. all right. a news alert in the bond market right now. by the way, one that could move stocks as well this one a 20-year option. let's get over to rick for the results now. a lot of people watching that yield outcome. >> yeah. very unlike that seven-year option about three weeks ago that was a real nasty one. this one was a spectacular auction. 24 billion, 20 year bonds an neat part about it, it's the 11th auction the ten auction averages are

sf strong and in place. we beat them across the board. indirect, direct everything was solid in this auction. dealers only take 21.6%. the yeield, 2.29 a full two basis points below where the issue market was making zoom, zoom, zoom as i said, i gave it an a. most likely you going to see a little bit of a dip in yields as we see right now from 161 down to 159 just because a bit of tail wind. it's a single stand alone auction. it was well bid and does accentuate this notion that the federal reserve and the markets aren't on the same page but for this particular auction it seems like they are buying into the notion that doves will fly tomorrow back to you. >> well, they have better get it right. fist off, you don't see a lot of a's from professor santelli.

bond market has spoken rick, thank you. rare a appreciate it. you may not realize it but one year ago today was the peak of the market pandemic panic the true realization of what we were up against and hitting markets a big way. if it seem like a thousands centuries ago, here is a remiep d -- reminder how recent it was sdplp as the president was speaking, the markets were closing and it was an ugly rg ugly close worse point decline ever for the dow jones industrial average first naming lower points a decline of 13% s&p 500 down 12% making it the worst day for stocks since 1987. the nasdaq falling 12.3% and the russell 2000 down 14.3%. every group got battered on wall

street >> look at those percentage declines hard to come prehend now. one year later we're at record highs. we're at record highs from the indexes and individual stocks. realizing last year the combo of the pandemic that will come to an end and trillions in government spending, what we sdw just talked about should send stocks soaring let's talk about where we go from here. tracy, not going to ask you relive one year ago. it was so dramatic what was the turn like around the summer or fall when everybody started to become more bullish. what was the basis behind the

thinking the markets ultimately and the i kmi economy and our lives will recover. sflp we have come a long ways from where we were a year ago while we expect growth to accelerate to 35-year highs this year, it really was not at all clear back then in march i think the turning point was in november when we got the news of a more effective vaccine than we even imagined. a couple of months to your time frame. i think that's when we started realizing that we were going to get vaccine and starting to get more information about the illness itself and hadthat tim line in mind of when we might get back some semblance of

nor normalcy >> the vaccine news, hard not get a little emotional about that let's keep our fingers crossed with the vary yiants that continues. it looks like it will. that said, when we look to invest out into the future, that recovery already appears to be priced in. now we have to look at the next three to five years maybe on their own albeit with the federal reserve. what looks attractive to you and your team? >> at the macro level i would agree the fundamentals, the valuation levels that are reasonable, fundamentals that are strong with the economy and earnings are very positive and technically if you look at the breadth of the market, not the defensives that the outlook

still looks very favorable and we maintained a positive view because of the data. at the mie row level it's really hard at the macro level to be bearish at this point with fundamentals and valuation reasonable in the positive technicals the stock level we're very interested in those areas that benefit from roping secular growth and we think a balance between value and growth is very important right now. not just a run to value and reopening but some of those same drivers will also benefit secular growth stocks as well. we think balance is very key >> tracy, we're rich in a way in

vaccines we're the larjest vaccinated population a lot of the world does not have our resources or access to vac vaccines they will. do we look to emerging market with the idea they will also have our path from a vaccination and a case reduction perspective. it just may not be where we are now. >> sure. we do think that emerging markets presents an opportunity for investors here for the reasons that you have elaborated plus we think the reflags tion l be a tail wind and commodities commodities increases and prices could also benefit other parts of emerging markets. there's several reasons why we favor higher beta, parts of the market including emerging markets. >> tracy and jeff, wish we had more time.

we'll get you back on soon i'm sure there's a long way to go and a lot of questions that remain have great day talk to you soon take care. on deck, are more states ready to legalize pot? the ceo of columbia care is here we'll talk more about it coming up off his championship win, golfer justin thomas will talk to us about the changing face of sports and the advice that tiger woods gave him before his victory exchange back after this the dow down 100

want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered.

so join the carrier rated #1 in customer satisfaction... ...and learn how much you can save at xfinitymobile.com/mysavings. cannibas provider columbia care reporting higher results. the company went on a shopping spree last year buying up dispensaries in california, colorado as well as buying green leaf medical deal will make it one of the largest cannibas operators in a number of states and expect revenue to double this year. that's not taking spoo consideration the possible legalization of cannibas in many other states and the legalization of pot here in new jersey thank you for joining us if you had to pinpoint a date

after which the majority, it will be a few that may not do it, 40 states legalize cannibas in some way, any way to pinpoint when that might be >> i think it probably happens before you have federal normalization. there's a lot of road to hope. we already have most states either with programs that exist or considering some form of program to be launched i think it's just meatter of brief period of time >> i'm sure you're talking to lobbyists and people in a variety of states. even the states that haven't come out publicly, are you getting the sense, the word, the back channels that there are many more states that are considering this possibility because they don't want to miss out on tax revenue and somebody wants to drive 15 miles over the border to the neighboring state. >> that's a great point. compounding that states ta are able to create their own laws

are able to preempt federal regulations. that's very important. is this is the way to do it. it's a program that initiative had found its feet eng you're seeing rebounding support on both side offense the political aisle s. >> the average price target about 3.5 bucks above where it is this is not some sort of outcast industry anymore do you feel like wall street has stepped up do you feel like you're getting appropriate represent tag on the sell side, on the buy side that funds are saying, you know what, we may not have bought a pot stock a few years ago but we

will now >> i think you're seeing a lot of structural changes in financial services environment we had an institutional bias we had our first tral dollar u.s. base mutual fund. we were the first company that this particular fund decided to invest in. it really has been meaningful. >> we appreciate you coming on have a good day.

>> thank you coming up, what do lady gaga, michelle obama, meghan markle and walmart have in common here's a hint. it has to do with fashion. move over robinhood, there's a new trading app in town hoping to mow down the competition. dow down 106 we're back after this. machin we see engineers simulating the future to improve today. at emerson, our digital twin software makes power plants smarter, helping facilities optimize operations and increase worker safety. emerson. consider it solved. wealth is breaking ground on your biggest project yet. worth is giving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. wealth is watching your business grow.

worth is watching your employees grow with it. principal. for all it's worth. mom and dad left costa rica, 1971. and in 1990, they opened irazu. when the pandemic hit, pickup and delivery was still viable. and that kept us afloat. keeping our diners informed on google was so important. the support from our customers, it honestly kept us going. i will always be grateful for that.

. all right. welcome back to the exchange overall stocks are mixed the dow is down for first time in eight days. the market is down for the first time in more than a week of trading. nasdaq continuing its recent back all this as the federal reserve kicks off its two day meeting today. their decision on rates tomorrow bond market as rick told you expecting a very dovish outcome. if it doesn't get, that you could have a temper tantrum. we'll have to wait and see what happens with fed tomorrow. let's check the stock sectors. i.t., comm services, consumer staples. financials and emergency which had been leading the market overall this year are some of your bigger laggards >> here's what's happen at this

hour a lawyer for a former police officer charged in george floyd's death wants the jury to hear about a previous arrest during which floyd was found with drugs a prosecutor says it is an attempt to smear floyd's character. for the latest development ons the trial of derek chauvin watch the news tonight with shepard smith. in britain, a court date has been set for a london police officer charged with kidnapping and murdering a i don'young wom. he will go on trial for the death. warning, the following video may be disturbing for some i'll give you a minute to lock away a horrific plane crash was caught on camera in florida. a car was driving down a road when small plane slammed into it to people in plane died as well as a child many the car. an adult in the car survived the accident i hate to end on that story, but

back over to you >> absolutely speechless around that video and thoughts to the family in the car losing their kid because of plane one in a trillion odds there. just terrible stuff. thank you very much. by the way, courtney we'll see you again in an upcoming segment. your hot topics of the day on that upcoming segment. walmart goes from fast fashion to high fashion and lululemon latest challenge come from pits pittsburgh as well as tiger woods making a new deal. they call t show and tell. we show you the chart and tell you the story or we tell you both if you're listening on the radio because you don't have a tv there today's chart, united airlines down now but it's up 150% since the march low of last year all this as tsa passenger volume surpassing one million going through a check point for the

fifth straight day yesterday wow. here is united ceo on where things stand now >> there's still a long ways go. revenue is down 60%. demand is still 50% lower than it was before. we're clearly on the upswing as more and more people are getting vaccinated, particularly leisure demand is coming back. my guess is business demand is still 6 to 9 months from hits its inflection point it's encouraging to see and feel like we have turned the corner and are on the road to recovery now. flexshares are carefully constructed. to go beyond ordinary etfs. and strengthen client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully.

i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪

welcome back tripping platform now, walmart goes high end and tiger's big deal it's time for rapid fire first topic, the fin tech face off.

etoro announcing it's going public it offers commission free trading with 20 million users in dozens of countries. loeb praising them on twitter. we do this for living. maybe you're on expert on them i'm not. not far with them at all now they have a 10 billion dollar valuation what do we know about etoro? >> i'm slightly familiar with it it has come on fast. it's a combination of so many things that are right of the moment the retail trading commission trading free crypto is a big piece of this as well ride along on lee traders. you just whatever somebody does,

you're account copies it i think the jury is out to whether ta makes a will the of sense. it's formalizing what we got used to whether it's the stampede and this collective action i think it will get people excited about the entire premise of having a play or a few plays on this new world of trading >> is more better. are we getting to a world where it's too much access or is this the perfect amount what's your take >> any time you open up ac accessibility to as many people as you can, i view it as a good thing. you want as many people to be involved as you can. t like the undercard, i don't want to call it that but it's this warm up round for ha will

happen when robinhood goes public both these companies are in the same wheel house in terms of market cap or size it's about 10.5 billion dollars. i believe the last funding round for robinhood was somewhere in that 11 to 12 billion dollar range. you're talk about the mid cap broker dealer. this is one of those examples about whether or not that's an appetite for this deal dogoing public it appears there is. if you look at what mike was talking about, this is striking while the iron is hot. as a person one of the last of the older generation of wall street folks who invested in saera certain way, this is exciting to watch. this was just starting this idea of being able to go and socially and herd mentality go after free trading. this is very fun to watch. >> i think i paid 130 bucks to by my first eight shares of stock back in 1995 it was a software company based

in morristown, new jersey. nobody cares next up, walmart fashion flex the retailer hiring project runway judge brandon max well as create i director for its higher end scope. the designer has worked with a listers like the ones we mentioned many the tease lady gaga, michelle obama. set to launch by 2022. is this going to work? maybe not bring people into stores, i don't know if we care about bringing into stores anymore but get people to buy walmart, whatever the platform may be >> this is interesting brandon maxwell will be the creative director for these two private label brands it's not his name. it's not brandon maxwell for walmart which i guess is okay because i think unless you're in certain fashion circles or really pay attention to high fashion, you may not be familiar

with him any ways. i think what walmart is going after here is this private label apparel. in general, apparel has a higher margin and that's something that walmart is really chasing as its online sales market continues to grow in general, apparel has a higher margin and if you have a private label that you can control sort of soup to nuts the is up supply chain that has a higher margin that's what walmart wants. walmart has not had as much success in the apparel private label market as you might say a target has when it comes to buzz walmart doesn't gichve us a lotf details about that and they have several private label brands that are 2 billion dollar brands but it's not the buzz that target has had we'll see. >> we'll see m maxwell from longview, texas almost hard up against the louisiana border he's from salt of the earth.

we'll see if that translates into walmart stay there i'm coming right back to you just a rebound speaking of retail, dick's sporting goods is getting into the men's athleisure market featuring the comfy stop from joggers to hoodies the website is live now. it will roll across stores in the coming weeks prices, 30 bucks to 120. 30 sounds good to me 120 sounds tikind of pricey going up against lululee mon. we're talking about roping and getting back to what we're doing. maybe the athleisure is over. >> it's so funny s s sdm you can use that it's all you >> i think i might

it sounds pretty good to me. i'm sick of saying athleisure. we all keep thinking it's over and then it's not. it doesn't seem to be over and the pandemic really sort of just reenap re reenergized our love for at athl athleisure will dick's sporting goods be able to compete with that its own private label brand? it's possible. dick's sporting goods has some pretty fantastic private label brands i mean the success they have seen from them kerry underwood's brand. they have prooivate label golf brands that have done well for them it's improving that margin and dick's sportsing good has put up some really impressive in the pandemic i think it has a shot but everything is very, very competitive in that space right now. vrst is kind of a mouthful

i wish they went with a simpler name >> lays fantastic, fantastic dick's sporting goods stock up 260% in a year finally, tiger woods getting back in the game, sort of. woods signing a deal with take two interactive to feature his name and likeness in a new serious of games in less than a month after his badly injured in car accident putting his real life golf career in jeopardy no word on financial terms of the deal or when the game might be released. pga tour 2k already hit high numbers. we all want tiger woods to recover as a person, as a golfer, whatever it may be get out there, walking again, doing well what do you make of this deal? >> what i make is it continues a huge trend over the last decade plus for professional athlete es looking towards their next chapters arguably the person for all of sports, not just golf that

really fathered this movement about being a business person and controlling their brand in addition to their performance on the field is arnold palmer the late golf legend helped solidify that notion that professional athletes have a real business life and acumen can develop. with tiger woods, nobody has done it better the video game franchise as we most associated with tiger woods were ea sports tiger woods golf, it's in the game what will be curious is whether they with translate that brand recognition for a platform in electronic arts as a publisher to taking it to the 2k platform. i'm not sure it happens right away is that trade over

>> i think of all the sub sectors, video games probably had the longest live secular advance before hand and probably has more life afterwards i don't think this one falls off the scliff just because people have been stuck add home eyeball hours will go down but that doesn't mean the publisher will suffer for it >> chilling and ordering door dash and playing tiger woods 2k. doesn't sound bad. thank you all very much. rapid fire, it's over. coming up, speaking of golf, 2021 player justin thomas will join us to talk. it's all coming up next. we're back right after this.

hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need. tasha, did you know geico could save you hundreds on car insurance and a whole lot more? hmm. so what are you waiting for? hip hop group tag team to help you plan dessert? ♪ french vanilla! rocky road! ♪ ♪ chocolate, peanut butter, cookie dough! ♪ ♪ scoop! there it is! ♪ ♪ scoop! there it is! ♪ ♪ scoop! there it is! ♪ ♪ scoop! there it is! scoop! ♪ ♪ shaka-laka! shaka-laka! ♪ ♪ shaka-laka! shaka! scoop!. ♪ ♪ choco-laka! choco-laka!...♪ geico. switch today and see all the ways you could save.

♪ sprinkles! ♪

♪♪ in boxing or any other business, one day, you're gonna take a hit you didn't see coming. do you stay down? or do you get up? [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ ♪ ♪ - [narrator] if you're thinking about going to school online, southern new hampshire university is where you belong.

we've been online for more than 25 years and have helped thousands of students reach their goals. as a nonprofit university, we believe access to high quality education should be available to everyone. that's why we offer some of the lowest tuition rates in the nation, and haven't raised tuition in nearly a decade. so no matter where you want to go, snhu can help you get there. visit snhu.edu today.

pga tour golfer justin thomas winning the 2021 players championship this weekend. this is his 14th pga tour victory, making him the fourth golfer in history to win the players, fedexcup, a major and world champion event justin, thank you for joining us congratulations on that win. obviously a lot to talk about here but the last couple of months obviously professionally and personally for you has been a time of learning, some controversy and some change. what have you learned about yourself, about the game, about everything in the last few months >> first off, thank you. thanks for having me on. it's been a whirlwind, to say

the least. it's been a lot of thinking, a lot of i don't want to say second guessing but, you know, just like in golf when things are going poorly, you have to look at it as an opportunity to try to grow and be better and really get stronger both physically and mentally because of it. i think that's something that i've been putting in some hard work to do i was glad to see some results and it pay off finally last week. >> yeah, and how do you do that? how do you take what we're going through as a country and obviously professionally and personally and putting that aside to not only win, but win i think at or near record-setting fashion. what's the mental trick? >> i think the biggest thing for me is understanding i can only control what i can control there's always going to be things going on, whether it's in my life, outside of my life, friends, family, things in the

country, whatever it might be that i just can't control. i can't do anything about. at the end of the day the only thing i can do, i can have any sort of, i guess, any sort of say or input on what's going to happen is in my own life or people that are close to me. so i can only help and do as much as i can and then everything else i can't worry about or stress about too much because, again, it's out of my control. sometimes that's the hardest part to get over sometimes >> obviously the tour has changed, just like all of our lives with covid what is it like? what's the difference on tour now versus pre-pandemic? what are the protocols like? what's the day-to-day like obviously no fans or very few fans but inside the game, justin, what is it like? >> it's quite a bit different but now especially being back, once we got into florida, we're able to have some fans, which has been awesome

it's why a lot of us play. it's what creates the buzz and the energy at these events i think there was maybe 10,000 a day at players i might be wrong on that so to be able to play in front of fans again was incredible to have that energy and the adrenaline and the buzz, especially on the weekend, especially on the back nine on sunday when you're trying to win a golf tournament is something you just can't create without them there, if that makes sense. you obviously have the buzz and the adrenaline somewhat trying to win a tournament when fans aren't there, but with them back was huge in terms of the protocols, the tour has been great. it's just a part of our routine now. we get in a day early or whenever the specific player wants to you go through testing you wait for it to get back. you pick up your lanyard the dining options are a little bit different but they're still providing as much as they can for us they have done a great job not jumping into it too quick. they're slowly letting the wives and girlfriends back out and

then the family and maybe a couple of more personnel and then we get a couple tickets slowly and hopefully we'll get back to normalcy as soon as possible. >> so you're right now between games, sitting at home trading what, dos coin, bitcoin? what's your investment fund of choice, justin i don't mean long-term, well balanced portfolio are you investing just for fun you have a little excess cash lying around. >> i wish i could tell you i'm this day trading savant and i was one of the guys that got into gamecast when it blew up but i don't know enough about those fields yet to be involved in it. i think that's been the fun part for me is obviously having the wealth that i do at a young age, i'm wanting to learn more. i think even the last time i came on and spoke, i feel like i know a little bit more than i did then but for me right now, i'm kind of wanting to get into the

private equity world a little bit. i partnered with woop and invested with them and it's a brand that i love and believe in for me that's the biggest thing, i want to be involved in brands and companies that i think can not only help myself but change other people's lives as well i think being involved in some of those and obviously it's not the safe play, if you will but the main thing is that i have belief in it and i think it could impact people's lives, myself included. >> justin thomas, pga tour pro, justin a pleasure, thanks for joining us on "the exchange" and c cnbc good luck at the next tourney. >> appreciate it. "power lunch" begins after isui bak the dow is down 129. take care. state-of-the-art but dependable. in other words, you want a hybrid. so do telcos. that's why they're going hybrid with ibm.

a hybrid cloud approach with watson ai helps them roll out new innovations anywhere without losing speed. from telco to transportation, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. good work little buddy. ♪ ♪ ♪ we made usaa insurance for busy veterans like kate. so when her car got hit, she didn't waste any time. she filed a claim on her usaa app and said, “that was easy.” usaa. what you're made of, we're made for. usaa.

good afternoon, everybody, welcome to "power lunch. it has been one year since the covid outbreak hit the stock market since then, stocks have been on what seems like an unstoppable run and it could all be resting in the hands