shipstation saves us so much time it makes it really easy and seamless pick an order print everything you need slap the label on ito the box and it's ready to go our cost for shipping, were cut in half just like that go to shipstation/tv and get 2 months free it's 5:00 a.m. at cnbc eat your wheaties. it's a huge day. jim cramer calls it the most important 72 hours of the year. overseas india. helping the battle of the surge of covid we're live on the ground with the latest there all charged up tesla with record quarterly results. the electric automakers lays out an optimistic road ahead.

lyft exiting the autonomous autos and moving on. and china may be sending more people to the skies it is tuesday, april 27th. this is "worldwide exchange. ♪ i want to get away ♪ ♪ i want to fly away ♪ ♪ yeah, yeah, yeah ♪ yeah, people want to get away and booking you want to hear that travel segment coming up. good morning, good afternoon, good evening welcome from wherever in the world you are watching or maybe anywhere in the world you may be going soon i'm brian sullivan thanks for joining us. it is a huge few days. earnings, the fed meeting, opec meets tomorrow and the president's speech tomorrow night. trying to sell the american

people and maybe other members of congress on the latest spending plan. here is how we look ahead of all that with futures. they are higher. not a lot, but up across the board. dow futures up 30. s&p 500 edged higher yesterday and every time it closes higher, you guessed it, ends with another record high. that is what happened with the s&p 500 yesterday. nasdaq composite up just about 10% so far year to date. it has been a little bit choppy, but a solid year for most of the major averages you will have plenty to chew on with the number of high-profile earnings and guidance on tap today. if you are feeling a little bit sleepy, here is what jim cramer said on twitter. he said, quote, we are entering the gauntlet

the most important 72 hours of the year get fired up or go home. find out later why jim said that and one of the stocks we are talking about today is tesla record income of $438 million. beating revenue and earning expectations part of that was not cars. it was tesla's sale of bitcoin and other regulatory credits environmental credits. speaking of cars, tesla did say it delivered 185,000 of them during the last quarter, more than double the number from a year ago shares of tesla are down a bit not a lot. off 3% after rising 9% on monday during the session. let's look around the world now. a muted trading session. most places are waiting on stuff that we just talked about. japan was down sha shanghai, a fraction

markets in the uk are waiting for our day here tomorrow, we are seeing a mixed trade in almost every market which is basically flat. let's step out is side of the markets and talk about something important. devastating toll the covid crisis is taking in india. death toll nearing 200,000 indian authorities have called in the army to help to distribute scarce oxygen supplies and aid from america and britain and germany. gilead sciences is giving 450,000 virals of remdesivir and help boost production in the bid to combat and treat the surge there. royal caribbean, temporarily suspending all assignments from the staff in india and halt hiring in the country. that according to the report by cruise industry.

we have the latest look from india and what is happening on the ground it looks like a very devastating situation. what >> reporter: that's right. there is a tick in the number of cases today from yesterday india with new covid cases it was a decline from the peak of cases reported on monday. the total tally of infections in the country today is now 1.76. out of these, over 28.2 cases are active 2,771 fatalities were reported today. taking the death toll over 1.98. in the national capital, 2,221

cases were reported. the positivity rate is 95% health ministry says a steep rise in daily cases has been witnessed and crossing the first peak reported on april 5th almost all states are witnesses a tragedy that is higher than what was reported in the previous wave which is concerning for the government. hospital infrastructure is getting stressed in some parts of the country health ministry has cautioned doctors and people have to use oxygen and remdesivir. health ministry has requested h people to wear masks at home national capital ministry is dealing with the shortage as

hospital bed numbers are piling up the government has decided to import oxygen tankers from bangkok. they will allow use of air force planes of this delhi will import oxygen tanks from france. meanwhile, india is reporting oxygen concentrators and remdesivir and other essential equipment will help battle the worst hit so far back to you. >> thank you for that look of the situation in india the world is watching. thank you very much. india matters to the global economy. india with a $3 trillion gdp 12% of the global supply chain and consumer and importer of oil. third biggest in the world investors are watching the situation closely. it is not just that.

earnings also key for us here. so far, earnings that we have seen have been nothing short of spectacular. let's bring in gina sanchez. chief market strategist and cnbc contributor. everybody is wishing india the best as well and watching it from the human perspective and balancing out earnings do you feel the focus, overall, has shifted back to guidance and numbers because for a year -- by the way, obvious and rightful reasons -- we have been focused on the global pandemic >> yes in the united states, we are almost feeling we are having an entirely different experience than the rest of the globe if you look right now, a lot of these numbers have a very easy

comm we are looking to where the economy shut down and the numbers are spectacular. they are coming in largely within expectation the market has really shifted dramatically we have seen the markets getting very negative for three months basically anything with low volatility we saw the really big rise in value stocks growth at a reasonable price was really out performing the rest of the market. the market has shifted back to a risk on position we think that is an interesting shift right now. >> yeah, is the risk going to be back on where the risk was on prior to the risk being off which is big technology -- you know the names faang stocks and a few others -- or will they go to the cyclicals?

people make giant tractors and other industrial gear which are not sexy, but getting a little bit of traction. >> i think the trade is a very real trade pent-up demand is what we are experiencing right now certainly i'm in los angeles we see more people in restaurants. people are shopping. there is an incredible pent-up demand not in just discretionary, but also machinery all of these are experiencing strong cap and trade if you look at the last three months, the market preferred growth at a reasonable price that is where you still had to have growth, but it could not just be value for value sake that is one of the reasons we think tech actually continues to put one foot in front of the other and not just small baby steps, but continuing to grow. this is a sector that didn't slow down in the pandemic. the outlook before the pandemic

before the seegsegments, micros for examples, microsoft's cloud business will grow it put focus on the business continuity and remote working and those concepts everything that was there to propel it is still there that doesn't go away we think there is still room to run in tech. there is catch up as well. >> we got the fed meeting today and goes into tomorrow i feel like we hear from fed speakers almost every day now. i find odd that's their prerogative i feel like the fed, there is nothing they can do to help the markets. they can only hurt at this point. policy probably couldn't get any more easier or kwqauntatatie could you like to say nothing's

cha changing there is something the fed could do to help the market if need be you know what i'm saying they are putting their foot on the gas pedal for a while now. >> one of the things that fed chair jerome powell is doing is actively coming out saying the inflation we're experiencing and building in the markets and certainly seeing build up in the tiff market is transatory and short-term there is supply chain disruption and the economy pre-pandemic and post-pandemic economy. it is getting going in fits and starts it is causing short-term inflationary reaction. that is really ywhat people need to continue to listen to does that rhetoric change? that is what causes the fed to move they have such a momentum bias

in the framework, it will be 12 months before they move. >> yeah. i talked to a market insider a couple of days ago off the record a former fed official said the fed wants to quote super charge, the american economy particularly ahead of the 2022 mid-term elections which everyone has their eye on. gina sanchez, best to you. we'll see you soon thank you. >> thank you, brian. all right. we are getting started when we come back, your morning's big money movers including shares of gamestop taking off again. if you have not already booked the summer travel, you may be too late.

how many of us are booking travel and ylan mui has latest on the democrats' tax strategy. we're back right after this. lan that can help grow and protect your money. an annuity can help cover essential expenses in retirement. have the right financial professional show you how... this is what an annuity can do. ready to shine from the inside out? try nature's bounty hair, skin and nails gummies. the number one brand to support beautiful hair, glowing skin, and healthy nails. and try advanced, now with two times more biotin.

time to hit the three big money movers investment banking and camera companies and the biggest stock story of the year. here we go stock number youone. ubs. a first quarter rise with the largest wealth manager revealing it took a $774 million hit related to the archegos trading scandal. ubs exited the remaining positions this month any losses in the second quarter will be quote immaterial stock number two is snapchat shares dropping after the camera company announced plans of $1 billion in convertible debt. snap intends to use the proceeds for working capital and operating expenses stock number three gamestop shares jumping raised more than $500 million in the stock offering as it

accelerates to ecommerce you go, roaring kitty. gamestop up 8% in the pre-market. on deck, a good old fashion billionaire space race battle. one side is jeff bezos' blue origin and nasa's moon contract with billionaire elon musk's spacex we're back with more after this. ♪ ♪ i had the nightmare again, maxine. the one with the lollipop— no, the other one. where the children go to the candy store, but it's out of wonka bars... it's ok, wonka. there are proactive ways to help keep customers supplied and happy. they're called digital workflows. they've made us more productive. and reduce risk. in fact, and i don't want to sugar coat this... whyever not?

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it is time now for the morning rbi. today, we are looking into the travel crystal ball. remember, we have been talking a lot of the coming boom in travel particularly by plane. it is already happening a little bit. three of the last four day, 1.5 million americans have gotten on a flight in the states china is the real tell about what maybe going to happen what's happening there may be a precursor to what happens here according to flight aware, china air traffic is now above where it was pre-pandemic. that's the little circle orange is this year. blue is 2020 purple or black is 2019. commercial flights in china are now busier than they were in late april of 2019 months before the hit of covid basically for air travel, covid

in china, is completely gone it is not just flights tom-tom driving data shows for a few moments a week ago, beijing had more car traffic congestion than in march of 2019. not 2020 2019 stay home. work from home doesn't look like it at least in china where everyone is back on the road or back in the skies. random, but interesting. may be a precursor of what happens here it is not just china new data out this morning shows u.s. travel is on the rebound and so is spending joining us now is jason woolsey from adobe good morning, jason. you track spending data trends what kinds of trends is adobe seeing for the american consumer

and travel i imagine they are loading up the credit cards to load up the planes this summer. >> that's right. we have a regular tsunami of activity not only travel data with flights and hotels looking up. not as aggressively as they are in our region where lockdown and some of the controls in place had very early merges in that region not expected they would lead the charge as we reemerge into a normal digital society we crunch numbers all over the place looking at how the shift from physical goods to digital goods have impacted. what we expect that durability to be. as yyou are thinking of the digital first world, some habits are durable. consumers as they gain confidence in going back to stores are hanging out with the

digital touch points and associated with shopping online sdplonline >> i have been looking at a trip over christmas break the numbers two to three weeks ago, the flights, the seats, the costs. seats are going down rooms are coming down. the costs are coming up. it is not inconceivable. this is one of my predictions at the end of last year i thought vegas would be full by labor day. i'll be delayed on that. how much activity are you seeing with flights and hotels? >> that's a great question we drove down into the data. bookings for march are up 110% versus the weeks before the rollout of the vaccine up 57% in february and 39% in january. the sentiment we are seeing is very much real we have pent-up demand there is a tremendous amount of

american travel yet to be done this year. i think we are starting to see the signs that consumers now have confidence and the cdc regulations and the controls are starting to be effective frankly, we have vaccine rollout in the hundreds of millions which gets people confident. >> that actually -- yeah, it matters a lot in many ways i'm not knocking or flexing on my northeast friends we were the first ones to get hit. i don't know where you are, jason, we got destroyed. it was a terrifying few months in march through june of last year your data shows that the northeast, which we get people make fun of us because we're driving in cars by ourselves with masks on. people are scared. it reflects in the travel data we in the northeast are the last to book, are we not? we also are the biggest

vaccination impact once we're vaxxed, we're ready to get back. >> that's right. the propensity to travel is more conservative in those regions. the vaccination proclivity is high you are seeing broad distribution of vaccine. that will, at some point, lift the sentiment of the consumers and get them back out into the overall economy. hotels are another area where we are starting to see the turning of the corner. booking is up over 50% of hotels prior to the vaccine rollout 54% versus january following the flight track we are starting to see, you know, americans ready to get back out there and put the stimulus dollars to work >> based on some of the air fares i'm seeing and how they are going up, the sullivans may be driving over christmas break.

jason woolsley of adobe, thank you. >> thank you all right. he said book now the flights today and then again in a week. the seats are going, going, gone. still ahead. tesla record earnings and surging demanded for electric cars oh, yeah, but selling bitcoin and helping its bottom line. huh? we dive into the numbers. if you are going to travel, you may want to listen to something. "worldwide exchange. check us out on apple or spotify or other podcasting apps leave a review five stars for the host? why not? i'd do it for you. dow futures are up

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fasten your seatbelts and put your tray in the locked and upright position get ready. the biggest 72 hours for investors according to cramer. we'll tell you why tesla's record earnings getting a boost thanks in part to the crypto. it has nothing to do with cars we'll explain. amid the growing debate on taxes on capitol hill, ylan mui

is here. the big grand plan that's a grand building. the capitol. it is tuesday, april 27th. this is "worldwide exchange. ♪ ♪ i see what you did there talking cars and travel. keep your eyes on the road your hands behind the wheel. little doors action in the morning. if you didn't hear it. the doors. welcome back i'm brian sullivan 5:30 on a tuesday morning. here is how your money and investments look as we are halfway through the 5:00 a.m. hour stock futures are up not a lot, but up. dow futures up 15. nasdaq up 24 we are coming off record highs for the s&p and nasdaq it has been choppy lately.

volume has come down in the last couple days. pretty good year so far. the major averages up 9% to 11 y1% april has been a strong month. when you had a record and you go up, even one point, you don't need your fourth grade math teacher to tell you what it means. you hit another record tomorrow is the fed meeting, it is today the decision tomorrow. opec and president biden trying to sell his american families plan to america and congress tomorrow night on national tv. it's a biggie. let's hit the big stories on this tuesday l y lyft selling the self-driving car to a subsidiary of toyota for $550 million both companies will work together on enhanced driving technology safety.

according to the press rerelease shares of lyft is higher on the news. and blue origin is challenging space agency's award of $3 billion moon landing contract to elon musk's spacex this month the two were competing against a subsidiary called dynetics nasa is expected to pick two of the three contractors. blue origin called the spacex pick flawed. adding that nasa quote, moved the goal post at the last minute a billionaire battle over space. the california public employee retirement system plans to vote for engine number one director nominees to the exxon board. that throws additional weight behind the hedge hundred

engine number one is a hedge fund that is pushing for improved financial performance and clean energy exxon has been in a pr war the last couple days now the hedge fund is looking to wipe out four seats and replace with four board seats of its choosing we will see what exxonmobil and the secret company decides to do or if they respond now to washington. as the top democrat on the key committee when it comes to overhauling taxes unveils his plan for sweeping new changes. ylan mui sat down with him and is with us now who is the mysterious gatekeeper we don't know who it is, ylan. >> reporter: it began with democratic congress member richard neil of massachusetts. he is the chairman of the house

ways and means committee we got the look at the investing for what they are calling human capital. he is rolling out a plan for benefits and tax credits targeted at working parents and families >> 8.5 million jobs have not been recovered yet 4 million people have stopped looking. many of those, i suspect, were women who had to choose between gainful employment and child care when schools closed down. >> reporter: now he wants to provide universal paid family and medical legave that would last 12 months and would be two-thirds of the typical workers wages. he wants to expand the child tax credit and earned income tax credit and child independent care credit. that is further than president biden said he is willing to go i asked him how he wants to pay for all this

specifically if erhe raises tax on capital gains >> we will do the design and then address the revenue treat it as an economic investment this is increasing productivity and increasing stability in our homes. >> reporter: neal plans to make the case of the cost of not acting, brian. the past year taught us the current system is not sustainable. back to you. >> all right, ylan, a lot to unpack here. congress member neal is in a high tax state a lot of rich people that could get hit live in massachusetts, new jersey, maryland, virginia, et cetera. i imagine other democrats will say, yo, let's slow this down. we are all in favor, but talk about the cap on the state and

local tax deduction. i have to imagine other democrats have a lot of input, shall we say, into this plan >> reporter: that's right. there is certainly a lot of jockeying to shave the american families plan from the biden administration there is a contingent of lawmakers, bipartisan who will not vote for anything unless it removes the state and local cap dedu deductions others are pushing for more. bernie sanders wants to revamp medicare others are also joining in with congress member neal to see the tax credits permanent. they would address drug pricing as well. there is a lot of inter-party lobbying over what the bill would look like. to pay attention to the most important voice is richard neal because he is the one responsible for writing the bill in the first place >> ylan mui, great interview

a lot of talk of the taxes democrats' tax plans will hit democrat-run states. we will see if the citizens are going to vote for taxes on them sells. ylan, thank you. let's talk tesla better than expected quarterly results and a record profit. revenue up 74% from a year ago for more on the electric automaker's road ahead is the cnbc contributor tim we talked bitcoin and the tesla balance sheet. talk about the connection. for tesla, it is not all about selling electric cars. there is crypto action impacting the numbers. how so >> you got that correct. we found out in the first quarter that tesla put some of the money and cash into bitcoin.

we never really understood why we got an explanation with the earnings call from the cfo it is about cash management. they wanted to get return and still have access to it later this year when they face potential head winds they are trying to bring on two new assembly plants this year. tesla's listings are painful to berth. there are concerns about the micro chip shortage in the auto industry they want the cash available and want to have returns that is what they are telling us today. >> yeah. i guess elon musk is -- i don't want to call it a spat -- but replying to dave portnoy suggesting they sold bitcoin to show bitcoin has ample liquidity and they stocked up on it.

if you are selling something in bitcoin, you need to have it it is like having change in the cash register drawer you can't give change if you don't have the cash in the drawer tim, it is also nice to have a pad. tesla has gotten beef for the environmental credits. no matter what you do, you can do this with a creditor or that with a credit. this bitcoin a soothe for the balance sheet? >> you bring up the intereinteresting point. for years, tesla's problem is the cash and not having the sea legs yet with the electric carmaker it is able to raise cash because of the excitement in the market. they have been able to do that cheaply in the last year the question is why are you using this cash for bitcoin? don't you sneed it for the rain day? that is the criticism.

we are seeing that criticism now. as you point out, the way that profit is made up this quarter with those regulatory credits is a classic complaint from some investors that they are not making enough money off the sale of the vehicles. >> yeah. actual sale of cars. tesla is a, i guess, a car company. technology company ask 100 people and you might get 100 different answers. what are we seeing about the future of tesla? a massive jump in car sales. is this pace sustainable supply chain production constraints evs are coming on the market tim, any sign that the audi or other lucid air cars, are they hitting tesla or is it still the dominant force in the market >> it is still the company that

beat in the ev space we have seen some success in europe with competitors. tesla is still out there ahead of most companies. the challenge for the year is continuing to be the execution bring the factories online we have seen the model s and model x, older vehicles which are older in the tooth and they are refreshing them. they will start delivering in the second quarter that was a $200 million hit because of the way it is playing out. it illustrates the challenges on executing. if they are delayed with the factories, that will go forward into next year and delay the plans. wall street and investors are counting on those sales to propel next year remember, elon is projecting 50% growth into the future

>> 50% is a big number elon musk is a guy with big numbers everywhere he seems to keep hitting them. he is going to space he is selling us evs he is digging tunnels underground. who knows? tim higgins of wall street thank you. >> thank you coming up from electric cars to the red hot real estate market can anything pump the brakes on how hot that market has been maybe. we will speak with one eerxpt who is seeing a trend. stick around just over a year ago, i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt. they helped me consolidate all of that into one low monthly payment. they make you feel like it's an honor for them to help you out. i went from sleepless nights to getting my money right. so thank you.

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cisco. the bridge to possible. welcome back we are set to get fresh housing data this morning with the latest index and pending home sales later on in the week real estate has been red hot with record sales and prices we are joined by jeff taylor jeff, price is a headwind. some prices in the bidding war are out of control is that the biggest headwind we're seeing or is it something else >> price is not the biggest headwind the big p evident is the bidding war are across the nation. here is what people are thinking about or talking about when it comes down to the housing market we talk about how tight the supply is.

what is the main issue when you look at generation x and generation baby boomers, when they were halfway through the cycle, they were in the move-up trade. they were getting into the house that was bigger. now the biggest driver in the housing market is the millennial group. 27 to 41 years old they were hrenters or living at home as they go into the marketplace, they are not putting anything in inventory. that is one of the major factors that is exacerbating the tight inventory market we are looking at right now hence, you have bidding wars and rising prices. >> there's no one putting their home up for sale they can sell and make a bunch of money or they have to sell in the same market and overpay for

something. >> my point there was they were renters. they don't have anything to put up for sale. they were renting or living with parents. now ready to buy they are looking to buy, but not selling anything the stat i tracked closely this week last year, there were 715,000 single residential family homes under contract. this week this year, 305,000 look how that shrunk and the home builders can sell $4 million homes if we can get the supply or build them quickly enough all of those things are really playing into the incredibly p hot real estate market we have and probably will have for another year or year and a half. >> is there any sign that this is cooling off on the macro level? jeff, the trend a couple years

ago, not me, but people saying millennials will never leave the city the suburbs are dead we will never drive again. suddenly everybody needs a car suburbs are red hot. is this just a pandemic reaction that's the question everybody has. did everyone flee the cities to go to rural and ysuburban offic and yard for the kids or is this a lasting trend? that is the question nobody knows. >> i think you are right like most things in life, the pendulum will never stay in the middle this will be a long-term permanent state. the thought process 15 months ago, if you wanted to have a certain job or certain career, you had to be in a major city. i'm not saying the remote work is a permanent thing, but many industries it is 50/50

that is the kids staying home from school and designed the way you want that is more reality versus the way we were conditioned to think about the jobs and careers you will see a lot of that moving forward in the next year or so. i also think a lot of the price depression especially in san francisco and new york, those markets which are rental and buying, those will come back thro those are amazing cities i think we will see people move back into the cities i still see the suburbs being a very hot place. >> listen, when you have a home office and you have kids and don't work from home, you sleep at the office and the apartment, however cool in brooklyn, that place get smaller when you have a few kids

jeff taylor, thank you >> thank you for having me on deck, apex financial's lee bake certir is here. he talks about the one value stock you need to know about. and cnbc is committed to sharing the messages from leaders about the importance of financial education. here is the former nyc president tom farley. >> we need to start young. we need to educate everyone about money. educate what it takes to start a business or be an even tremendo entrepreneur i was taught this on a daily basis by pushed out the door to earn a few bucks everybody needs to have that opportunity.

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welcome back let's get back to the markets. we are gearing up for another busy day of quarterly results. jim cramer tweeting out this morning at 3:30 in the morning that the next 72 hours will quote run the gauntlet if you are not ready, go back to bed or go home the next couple days are huge. let's talk about it with apex owner and president lee baker. lee, thank you for skrjoining us opec meeting today the fed meeting today and reporting tomorrow companies reporting earnings i'm exhausted talking about it much less getting through this what are you most closely watching, lee? >> watching all sorts of things. i'll go off the board a little bit. we are all waiting yesterday for

tesla. i find neal interesting to be honest with you. i think there is potential upside and support from the chinese government i want to go off a little bit. like you, this is an exhausting week i'm looking forward to it. >> okay. neo. chinese electric carmaker and competitor to tesla. lee, what is it about neio a lot of people are skeptical. what do you like >> i got a few gray hairs. i think about toyota when i was a kid. you have the support of the government there and i think that means a lot you are talking earlier in the show about the travel and actually just the car travel and the way it picked up compared back to 2019 there's a ton of opportunity in the market and home market, if you will

i think this bodes well for the company. in addition, they are doing work as it relates to power generation and getting vehicles charged up quickly i think that bodes well for the company long term. >> yeah. really, an interesting pick there and the stock has done well obviously, if you bought it a any time before now, you made money on it. you will not take a profit on it, but ride it out. >> absolutely. the pull back that occurred presents a buying opportunity. >> okay. pull back. buy the stock. you see it going back to last year quickly, on a macro level, what is most important? earnings or fed? >> the standing. if we were to get a surprise from the fed and i do not think that would happen, i think that would not be good for the market we are looking forward to

president biden's speech i think the idea that he is looking to raise taxes and capital gains tax, one, if that were to come to pass, that would not be the number floated out. if it does, we would look back at history with the higher capital gains rate >> lee baker loving nio thank you for coming on "worldwide exchange. take care. >> thank you >> that does it. a lot going on thank you, lee opec today fed today and tomorrow president tomorrow night hundreds of earnings see you tomorrow on "worldwide exchange." we'll start prepping now for tomorrow "squawk box" is next futures are up a touch take care. (vo) conventional thinking doesn't disrupt the status quo.

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good morning tesla revenue surging. 74% in the most recent quarter pollster the bottom line? sales of bitcoin and regulatory credit details ahead. lyft is selling the self-driving car unit. he wi we have the latest and hackers infiltrating the d.c. police department and holding the data for ransom. threatening to hand over informant names to criminal organizations. bizarre. it's tuesday, april 27th, 2021 "squawk box" begins right now. ♪ good morning welcome to "squawk box" here on cnbc i'm beck