better and brighter. we are going to see the rides business explode in the second half of this year. in the short-term, there is a focus on some labor issues you don't think those will linger much longer and the stock will go up. >> doc, a quick name. >> eh, bought it during the show. >> good to see you, everybody. the exchange is now. >> thank you, scott. i'm jon fortte here is what is ahead. despite another inflation gauge coming in hot markets don't seem to be bothered by it what's different today plus, do small gains equal big gains. a five star manager joins with us five names to buy now his stock is up 80% in the year. and show me the money. coinbase set to release its first report since going public. we will look at what to expect following its roller coaster ride along with the crypto market we begin with today's rebound.

dom chu with the numbers. >> it is losing just a little bit of steam still predominantly adrian 1.1% gains this the dow. about a 1% gain in the s&p 500, and the nasdaq resumed the underperformance spot, only up one third of 1% at this stage. but the knocked composite still above the 13,000 level we will watch that play out. the mega cap technology, consumer discretionary, communication services trade tins a focus who is buying what dips? in mega cap stocks, apple, microsoft, and amazon getting a bid in today's trade apple is still about 14% off of its record highs microsoft is about 8% below its record highs and amazon is roughly 11% below it watch those names. they continue to be on shopping lists at various parts of the street

then it is bitcoin again. elon musk saying that tesla will no longer accept payment for its vehicles it sent shock waves flew the crypto industry and the crypto markets. bitcoin continues to be down about 10% right now according to coin metrics now below $49,000 per token. some of the names in the ecosystem with regard to having bitcoin in their baetd beats, tesla, off, square off, and mi crow strategy. we will keep an eye on bitcoin and other related names in the crypto sector. what a difference a day makes. yesterday's cpi numberent investors running for the hills. while afternoons are slugging off today's hot ppi data with the best numbers in months are they ignoring data or bottom fishing.

good afternoon to our guests xi, is it that this inflationary -- we see the gas prices, the foodstuff -- we talked with jane wells about that yesterday is it a short-term thing is that where the market is slugging it off? >> we believe inflation will continue and it is going to be transitory we are still very much interested in staying invested in the equity markets. and we believe the equity rally has more room to continue here. >> and david, do you agree here? or is there something that we should be paying more attention to because it seems like these could be catalysts, perhaps, to really push inflation that would make sense structurally based on what is happening elsewhere. >> i think what's most interesting about the cpi report yesterday and what we saw with inflation expectations was that you saw this big upside surprise in the actual inflation report

but you actually didn't see inflation expectations move around all that much what that says to me is that investors are still very much of the view that this inflation will in fact prove to be transitory but if this inflation is coming in hotter than a lot of people originally expected that could pull forward some fed tightening if you look at the rebound action in the dow and the s&p where you have more cyclicality relative the nasdaq signifies we will see more inflation. >> we just saw these really strong earnings were big tech companies, which would suggest they are a safer place to be, at least because of their consistency. and we have seen some of the momentum names, some of the revvingier tech names come down. which do you go with

the bargain hunting in the cheaper check names or the stability in the bigger tech names? >> tech has always been a long term thing for us. actually, at this point, you know, we want to -- i mean with the strong earnings growth, this is great for mega cap stocks but we want to avoid overconcentration in the mega cap stocks and perhaps look into some of the earlier stage mid cap, small cap growth companies as well. in general, we are still positioning for this reflationary -- for this reflation trade. we think outside of tech, small and mid caps and emerging markets had great things to look at i don't have all so investors can concentrate on a more diversified firework instead of focusing complete will he on tech at this point. >> okay. okay and, david, how much room do you think the reopening trade, if any, still has to go is all of that sort of priced

in how should an investor who is thinking about how the overall environment is shifting play that in equities >> absolutely. i think on the tech point we would agree, it should really be a secular and structural allocation within portfolios we would gravitate towards the names that have more proven cash flows and streams of earnings given expectations that rates will rise during the second half of this year and we want to compliment that high quality tech allegation with industrials and materials and financials i think the back half of this year is going to see an improvement. you are going to see inflation expectations resume their upward trend and all of that ispportiv growth it is really about owning growth and representing value right now when it comes to building the optimal equity allocation. >> let's pivot to the bond market he teased it yesterday with the ten-year now the 30-year bonds up for

auction. rick santelli tracking the action at the cme. what's the demand like >> a lot different than yesterday's really good a minus tenure this one goes to the bottom of the class of we give it a d, as in dog really, the main reason is that pricing was so sloppy. $37 billion 30-year bonds completing a trio package of $126 billion of three, tens and 30s. look at the chart. you see the way the rates are rising up? we are done with supply and even with the concession, rates rise price going down they stepped up for tense, they are not stepping up for the longest maturity unusual because at 240 or a whisk kerr under you are competing with inflation, getting a pretty good return many reasons why investors are not stepping up may be due to interest this the hotter cpi and

ppis today there was some strength in this report we saw the direct bidders, mutual funds, insurance companies, pension, they were a bit above average at 20.1% but none of those metrics could safe the nasty pricing meaning they had to scale back higher yield, lower price, to move the party. jon fortt, back to you. >> rick, thanks. xi, you said you are taking a longer view. maybe today's bond news doesn't make you shrug at all. does this at all effect your outlook or your interpretation of what the markets have been doing this week? >> no, we are still sticking with our long term themes and we want to stay with equity especially in this environment w the rising inflation and also look into just again not just technology but diversifying the portfolios and if you go into focus on technology, not

overconcentrating in mega caps, but look at small and mid caps as well. >> david in the look at small and mid caps, are there themes in particular that you would emphasize heading into the back half of the year >> so i think that there are two really big themes coming out -- three big themes coming out of small caps that investment should focus on during the second half s. first is going to be financials. you know, the composition of the financial sector within russell 2000 is more weighted toward regional banks that will benefit if a steeper curve that's the first trend that we see in small caps playing out in the back half of this year the industrial story is a big play, not just on reopening in the united states, but reopening broadly around the world i think you will see industrial companies across the capitalization spectrum do quite well here over the course of the next 12 months then the third is reminisce sent

of 2020. we see value in small cap health care, particularly the biotech space. it demanded a lot of attention given everything that's gone on with the vaccines over the past 12 months but we think there is a tremendous amount of room for the assets. >> narrative for the investors to follow as well. thank you david leeb visits and xi. the russel,000 lost 5% since monday, and the russel 1,000 is down 3%. could the selloff be creating buying opportunities in an area that hasn't gotten a lot of love joining me with picks in the small cap space, the principle at hood river capital management, portfolio manager of the hood river small cap growth fund, morning star five star fun is up 81% over the past year, outperforming every major index. brian, we want to hear your picks with that lead up. you got five >> thanks.

yeah, the pressure is on, i guess. so, yeah, i did throw up five picks. kin sale, tellos, purple, health equity, and love sack. tell owes reports on monday. one of the great things about small skap that it is more inefficient than large cap so there might be only six or seven analysts cover it and you can buy great companies at great valuation and at a discount. tell owes is a signer security company, trading at five times sales, 30 times earnings i expect on monday, due to the activity and the bookings that they are seeing in their core business to take up guidance for the full year. the colonial pipeline hack is good for their business. >> how so. >> what telos does is help

monitor all the cyber execute for the u.s. government and soon for corporations they are rolling out two new products the colonial pipeline hack highlights the fact that more of their service offerings need to be implemented i would expect an acceleration in demand for their primary products due to the current cyber security environment a couple of the other picks i have are ksin sale capital there has been some multiple compression over the last couple months here. a rotation from value to growth. this is a name i think you want to own it is trading around 30 times earnings. >> what about purple isn't this one of those mattress companies that ships out the mattresses i think think with reopening there might be more people going to stores and wanting to bounce up and down on the mattress. why would this be a pick now.

>> we bought three purple mattresses we are a fan the product it has a polymer that allows you to sleep less hot foam mattresses -- it is the only non-foam mattress that's really available they havor, p around e. they are selling both in stores and dtc really, they benefit from bricks and mortar stores reopening. they just reported a quarter that was great they preannounced upside on revenues and on margins. i think that's going to continue the rest of the year it trading around 30 times earnings next year and the stret has 18% revenue growth i think they are going blow it out. they have new products coming which i think are going to be good and they have a differentiated aftering. >> give us a quick read on health equity and health savings

accounts. >> health equity we like because they are the biggest player in hsas and they benefit from rates going up so as short and midterm rates start to move up with inflation here and generally the reopening of the economy their margins which have been under pressure are going to accelerate and allow them to exceed estimates they are trading at 20 times ebitda we think it works nice hsa shares are generally growing. >> how do you keep your head in small caps in a market with this much volatility? what would you say to investors? >> i would say small cap is always volatility. i have been doing this for 20 years. it is par for course it is always something different that's happening you have got to stick to your process, knowing where the inefficiencies are and taking advantage and trying to be agnostic to the macro economic

factors and not time it on those instances. >> a man who knows what he is talking about. up 81% in theier a lot better than the market hood river small cap growth fund. coming up, apple, amazon, and google all hitting key technical levels we will look at what the charts are telling us about where those stocks might be heading next. plus the sharing economy getting hit by the selloff uber, lyft, airbnb down 20% or more in a month. some of them are better positioned for gains than others we will tell you who that's coming up >> announcer: this is "the exchange" on cnbc.

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welcome back is the recent dip in tech a buying opportunity or not? my next guest says the sector is tactically oversold for the first time since the pandemic started but it might be wise to sell on my bounce from here. for more, let's welcome in jeff degraph, of rent fans macro research let me get this straight if i am already in tech don't get out right here, there is a bounce coming. but if you get in here, be prepared to get out real quick >> it is tactical. we have an oversold condition, really the first one that we have seen since the covid crash

a little over a year ago but the problem is, is over the last four or five months we have lost really a relative strength leadership that's the bigger concern. we always try to push into and make sure we are overweight leadership in the market and really in the late january, early february, we lost that relative performance leadership out of tech. so oversold condition. absolutely tactically probably get a bounce from here but it is in the a buns we are chasing. it is a bounce we would be fading. >> you are talking tech specifically broadly, people are saying this is healthy for the market if tech is not so much a leader this is in a way playing the other side of that, i take it? >> it is i would agree with that sub spegs, which is 25-week highs are generally expandsing that's a good sign, not a bad sign. it is rare that you have 52 week

highs. that move has moved out, gravitated to other areas, obviously more cyclicality, value bias that tends to be more healthy for the overall markets. >> when you are talking about tech are you talking about teg as a sector or like a lot of people think of tech, apple, google and microsoft being tech, even though they are in different sectors. the relative performance we are talking about is specific to tech though communication services has broken down you can see that in things like netflix for example, which is the weakest of the faang names it is crossing the 2-day moving average. it could be a consolidation. i want to be careful but the relative performance of net flick has stag nated for

about nine months. it peaked last summer and really hasn't gone anywhere on a relative basis holding netflix you have not been keeping up with the equity markets, which is important. >> back to tech overall, what are the key levels that you are looking at now for the rest of the year to determine how this is playing out >> look, i think more than levels we like to look at equal weight that's not going to translate exactly with some of our viewers. keep in mind something like the 50 day versus 200 day moving average, some simple trend following technique, if that starts to rollover w. netflix it is very close. with apple it is actually very close. something like google or facebook, it is not close at all. i think you want to look at it stock by stock if the overall group says on an absolute basis starts to roll over, that becomes problematic it has -- if you use that measure on a relative basis it happened three or four months

ago. it is already happening. we call ourselves incrementalists as things start to deteriorate we move out we don't make big calls on one indication, we move in and out as we see fit. that would be the next level on tech would be that 50 day through the 200 day on an absolutis basis that would be more problematic overall. >> are you saying when we saw apple dip i think it was below 200 earlier this week. that was just like one warning light on the dashboard. >> the penetration of the moving average isn't as important as some type of moving average cross. what that does is filters out some of the noise. what i want to see is a good response to the oversold conditions if you are oversold and it is down there for maybe a day or two days and it responds vigor usely you are attract buyers what i worry about is when you have persistent oversold

conditions where the stock can't react. that tells me it is under. ing. those are problemthic. we haven't seen with it apple yet. we have seen it with netflix that's why on a stock by stock case by case basis there are a few things we are concerned about in the nasdaq and tech overall. >> nice look, nice lesson. jeff degraph from renaissance. thank you. coming up, the colonial pipeline hack having ripple effects on several industries. we will tell you where and what it means for consumers. plus, paypal doubling down on e-commerce with product returns. will it translate into actual returns for its bottom line? we will debate "the exchange equif" back in tw. . (laughs) amazing! see it. want it. ten-x it.

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♪♪ i got you. ♪ all by yourself. ♪ go with us and get millions of flexible booking options. expedia. it matters who you travel with. welcome back to "the exchange". markets right now higher across the board. the dow up 1%, s&p right behind. nasdaq barely hanging on to gains. let's take look at some of the individual movers. amc is the outperformer among the movie theaters up double digits shares of pelopeloton. last week the stock dropped 15% the day the company recalled its tread mills. shares have since recovered nearly all of those losses down now 4% since then. and disney set to report earnings after the bell today that stock is slightly higher

right now, still on pace for its fifth week of declines in the past six disney's ceo bob chapek is going to be on mad money tonight at 5:30 p.m. eastern time to recap the quarter. don't miss that. now for a cnbc news update. >> more escalation in the middle east israel's defense minister approved the mobilization of 9,000 reserve troops in what's being called an exceptional call-up. an israeli military spokesman also says that its forces are gathering on the border with the gaza strip. publicity around the conviction and upcoming sentence of derek chauvin has prompted the judge to delay the trial of four other police officers they are now set for next march. it will also allow for a federal court case to proceed. gets a is going plead

guilty it is an indication that groanberg will be cooperating with prosecutors. prosecutors reportedly s&ped a prestigious manhattan private school dow jones says the grandchildren of trump organization cfo allen wisen attended columbia. separately, tonight on the news at 7:00 eastern, a look at why people are moving into new york city after fleeing when the pandemic started apparently new york city is not dead john, back to you. >> the sharing economy's plain, cryptos no good day and the big hiring blitz all of that coming up in today's rapid fire then today's show and tell we show the chart. bumble down 15% on a

disappointing outlook. here's what the ceo said about it on tech check earlier. >> we are being cautiously conservative due to the nature of the pandemic. none of us, not you, not i, can predict what happens later this year around the globe. so, you know, this is certainly not signaling that we don't believe in the strength of our business it's really just taking a cautious approach ig given the complexities of the pandemic

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let's catch you up on a few stories that should be on your radar. it's time for rapid fire here to break down the headlines, deirdre, scott -- >> uber, loift, airbnb all dropped more than 20%, in the red for the year as they each face industry head winds uber, lyft, and douche facing regulatory, supply and employee relations. we have got readings for airbnb coming up. what is it that sheskey even

could say to change the way people are thinking about this >> i think that the way people should be thinking about this should be different from company to company uber and lyft and doordash are facing a certain kinds of regulatory threat. and airbnb has made more progress with regulators over the years. i think what sheskey has to do tonight is reassure investors they have the supply for the massive rebound that they have already seen and expect to continue to see for the rest of the year john, you mentioned competition. expedia has been spending big on their vrbo brand to get more host, potentially post some super hosts from airbnb. there is some evidence that that is working but they are coming from a lower base. we have to distinguish between the share economy names. a much different story from doordash who doesn't know if demand delivery for food is going to hold up the rest of the

year versus airbnb and the advantage they have in taking advantage of the rebound. >> like there is competition for the super host it is not just an ever man thing anymore. >> it seems like it. when you go on, you see things like hotels. it has add liquidity to housing market although in san francisco there are strict restrictions on who can actually rent out houses i think you could run into that. saw it in new york one thing about sharing economy, i thought about it as a lot of the pbs go public they have been subsidizing some of the consumer costs. you haven't taken an uber in a year, you log on and prices have gone up. when it was a private company they were able the lower cost. doordash, airbnb, a hot of the companies that are now public

and have had to raise prices, a lot of us are going to be surprised. >> they want you to subscribe, they want in to the kind of prime band wagon if you want the discount any of these prices low enough that you think they are worth dipping into >> john, i think the macro look for me is you have to understand what's going on here as you cover on a daily basis there is a shift out of tech, into the value, and out of the growthy areas of the economy all of these names that we just discussed are in that tech, slash, growth areas of the economy. even though we are restarting the economy, things are quote, unoath quoting going to get better, block busters, people tripping over themselves to do whatever service that they want, you are still going to have head winds for these stocks because the valuation is off the charts.

to your point, no, i wouldn't be dipping any toe in those names i do like airbnb's long term strategy and prospects for everything that was just discussed, though. >> yeah. okay now let's talk about some rough prospects. bitcoin having a bad day at least, the cryptocurrency slipping nearly 8% plunging yesterday in the wake of elon musk's announcement that tesla is going to stop accepting bitcoin for car purchases. musk tweeting a statement expressing concern over bitcoin's environmental impact saying it is a good idea on many levels and we believe it has a promising future but it cannot come at great cost to the environment. other cryptos heading lower today this as coinbase is set to report earnings after the bell kate, it is hard for me to believe that elon musk just sort of discovered the environmental impact but boy in the past hour bitcoin is down 6%, shaving what, about

$3,000 off >> that's one of the big takeaways is how did elon musk not realize this before? and one of the big highlights here we should focus on is he's not selling tesla's stake. they own bitcoin on their balance sheet. he is incentivized to make it a gre greener and more sustainable one of the things within the crypto community that popped up is the debate of if bitcoin is not environmentally sustainable, will others pop up proof of work, the way bitcoin is mined is very energy intensive, versus proof of stake, which is a more software minded mining. ethereum has been moving to that model. it brought up the green debate you mentioned on tech check earlier there are certain things

that could -- it could incentivize some people to move towards a greener model of bitcoin mining no doubt it has carbon footprint. and shocking it has not come out or that tesla hasn't gotten more criticism for this early on. >> cloud has a carbon foot print, too keeping our eye on the markets as always. the nasdaq has lost its gains. i mentioned that it was right on the border now it is down about .1% a little bit more than that. it was up 1.6% at the highs. also, let's see, do we want to do that programming note now don't miss jim cramer's interview with the coinbase cfo on mad money tonight, while we are talking about crypto 6:00 p.m. eastern. let's talk about paypal. they are buying start-up happy returns which lets people return on line purchases in person.

this deal follows paypal's $4 billion acquisition of-y, the coupon browser extension and its purchase of cryptocurrency security firm curv for $200 million. it brings them into the crypto and retail world it is continuing along the omnichannel track it has been on for a while with credit card swipe and whatnot. another twist on that? >> gr code, dan shullman on the earnings call last week mentioned on line retail sort of merging with physical retail this is sort of the maturation of paypal moving away from payments things like returns that don't logically really fit into paypal as just a payment platform they are really trying to become the one stop shop for merchants. i talked to a couple of executives who said this deal in particular puts paypal in the

eyes of a merchant deciding between square and paypal -- returns can be sloppy, it is not a money maker but it is a reason for someone to choose paypal over square or some other options out there. definitely a sign of paypal sort of maturing into other markets happy returns -- i want to call it healthy returns we have a conference called healthy returns. >> different day. >> interesting respects for the future grasso, are we seeing a bit of a different strategic direction here between paypal and kind the likes of square. jack dorsey is hanging out with jay-z. and square is getting closer to brick and mortar >> i was a shareholder in square i bought it in the the teens it was a great investment for me i am out of the name now

but, i think the data processors are hitting head winds right now for the aforementioned issues about tech and growth. if you look at paypal they have over $21 billion in revenues coming from consumer finance they are not changing their stripes. i don't think kate meant that. they are offering services to continue to hold on to what has been the behemoth in the space. square is taking it harder than paypal both have had wins but paypal seems to be the crowd favorite as of late. >> finally, mcdonald's and amazon are trying to get competitive in this tight jobs market mcdonald's is raising hourly wages by an average of 10% for its u.s. company owned restaurants. this as the fast-food chain looks to hire 10 to you workers. amazon going on a hiring spree looking to bring 75,000 workers on across its warehouse and delivery networks in the u.s. and canada these jobs are going to offer an

average starting pave $17, reflecting its recent wage increases. de, i said canada. i am going to come to you first on this. there is all this talk about how businesses can't get workers to come to work amazon hired half a million people in 2020, either directly or as contractors, and now they seem to think they can hire even more people. maybe benefits are part of the issue. hold on, breaking news out of the cdc let's bring in meg tirrell for more. >> our friends at nbc are reporting that the cdc is expected to issue new guidance today saying that fully vaccinated people don't have to wear masks indoors in many circumstances. saying that this guidance is expected to come at the 2:00 white house covid briefing that the cdc director dr. rochelle with a lenski will say something like this is the moment we longed for saying essentially that people should still follow

guidance of businesses to wear masks indoors, but also in terms of outdoors, the cdc will now recommend that fully vaccinated people don't need to wear face coverings in crowds outside. so this is a change. they of course, just updated their mask guidance for outdoors for fully vaccinated folks now taking it a step further apparently going to cite information about the efficacy of the vaccines saying that in many circumstances inside you don't need to wear masks if you are fully vaccinated back to you. >> i want to talk about this for a moment because it is like we have got this culture war that's happening about masks lately, loo you wear them or not even if you are vaccinated as a courtesy for other people tell us how this has been working. the cdc gives guidance, does that filter down to what states do and then what businesses ends up doing >> yeah. absolutely i mean, the cdc is the chief public health agency of the

country. so many states do take their signals from the cdc guidance. and many businesses from states and from cdc as well and so it's going to be really interrog, especially trillion the businesses side especially when the cdc says people don't have to wear masks indoors, how can they prove that people have been vaccinated. it will be interesting to listen to at 2:00 today how they answer these questions. there is a culture war around mask which has been going on over the last year the nature of the culture war has changed but it has been going on many people may not feel comfortable taking their masks off. and otherwise have been comfortable for a long period of time. >> the question is going to be are you going to be comfortable showing proof that you are vaccinated if you want tonight to put your mask on? thank you meg tirrell, important update. we have all seen electric

vehicle charging stations. what you might not realize is most have individual apps that drivers need to use to charge their cars we will talk to the founder of a company working to streamline the charging paroling cess next. look at the nasdaq once again, turning negative into the afternoon trading tesla and zoom are the biggest losers right now we'll be rig bk.htac

i have an idea for a trade. oh yeah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk

and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪♪ ev stocks having a draining month. tesla and blink down more than 20%. and work course down more than 40%. witness thing holding them back is what the verge is calling mark's broken ev charging system it is also the reason 20% of ev owners in california switched back to gasoline powered vehicles that's according to a study by fisher davis

this man who was featured in the verge article and joins me now. haase does this business work? there is need for it how much is this like gas stations i guess you want to be a trusted provider that makes it easy for people. >> when it comes to getting gas. you can walk up as driver and pay and throw it into your vehicle. when it comes to filling your electric car imagine if you had to have a accurate app and a accurate user for every network. that's exactly what it is. >> do you actually get the power from the landlord, build out the charging system and somehow the landlord gets a share of what's charged? or you are taking the risk that people are actually going to work it? how does that work >> ev passport is a hardware and software company

we sell to businesses of all shapes and sizes, hospitality, apartments, retail we install the hardware and have software on it it allows them to engage and provide a per experience for their customers when they come the charge their vehicle at the ends of every monday the owner/operator receives deposit for their earnings. >> how much usage -- what kinds of volume do you need for this to be profitable >> to be profitable, right now, it's really focused on getting them out there you know, the average increase year over year for electric vehicle sales is 40 to 60% it only continues to climb especially as the rate of gas continues to go up and carbon emission goals get stricter. right thousand it is about creating infrastructure engage enin in my opinion every says space that doesn't have an ev charger is an opportunity. >> in a way would you say that

you are a bet that the ev market is bigger than tesla, who has its own charging network but if anybody else is going to be able to grow they are going to have to rely on a network like yours >> right to be honest, when a tesla driver goes anywhere else but doesn't have a super charger, they also have to engage super engage with the other networks. >> are there many places like that what do you think demand is like how much demand will come from tesla owners >> it's pretty even. because if you're a tesla driver, a volkswagen driver, a mustang driver and stop off at a store or live in an apartment building with chargers you don't have a choice. it is based around where you go and we have seen a lot of users start to create behavior change and making decisions where they go based on if there is or isn't chargers. >> how important are low interest rates

sounds like you have some real capital costs up front and then expect the volume to come as ev scale up. >> what's important to scale is we sell the chargers to the businesses so once we sell to the business it is all opportunity from there what is important to highlight is that there are various government programs at a state level that will pay for not only the hardware but the installation and we start at $999 for a revenue generating charger for a business so when new york states we will give you $4,000 with our hardware and software that covers the hardware and the installation for the business. >> got it. makes sense. aaron, thank you. >> thank you. still ahead, the colonial pipeline might be back online but consumers could feel the effects for a while and not just in gas prices. frank holland is in georgia with

that story >> reporter: hey there, jon. frustration with regular gas pumps today especially in georgia where nearly half of gas stations don't have any gas. that hack causes prices to rise around the country i'll tell you how it costs you money in other ways. that and much more on "the exchange." this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again.

gasoline prices climbing by 8 crepts in the past week as the shutdown sparked fears of shortages in the southeast frank hall laolland is live in georgia. >> reporter: nearly half the gas stations here in georgia are without gas. it's a situation continuing in the southeastern state and now even beyond. north carolina the hardest hit at 68% virginia more than half of stations with outages. tennessee more than a third. that spike on gas prices also continuing regular unleaded now more than a quarter higher than a month ago. diesel rising 71 cents in the last month and fueling an increase in trucking rates already at an all-time high and it could lead to aen crease of

price at stores because it's increasing the cost of shipping for walmart and target. >> you are getting the products very quickly even on a daily basis. a couple of times a day. so that just exacerbates if your freight costs going up, the increase in pricing and overall cost to get the shelves filled. >> reporter: and trucking rates for just general goods, consumer items, et cetera, food and grocery and industrial items on the rise last week before the hack and now on pace to shatter the record set just back in march. jon? >> i wonder if you hear anything about -- seeing the pictures from friends in the southeast with pickup trucks with barrels in the back hording gas. is that actually happening >> reporter: yeah. that's 100% happening. not a barrel but people have the

red canisters in the garage and seen somebody run into a store and buy three or four and run back to the gas pump when you find a station with gas. this one behind us had gas last night and today no gas at all. >> gasoline is the new toilet paper. there you have it. serious situation. thank you. that will do it for "the exchange." coming up on "power lunch" thread up on a loss. the ceo james reinhart joins us to discuss nc aerhiquk eassa lee for "power luh"ft ts icbrk.

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with perks from- - [crowd] grubhub. welcome to "power lunch. markets bouncing back today but the nasdaq negative as stocks are still staring at a wall of worry. inflation the big one, of course looking at the other issues of stocks. >> we are talking to the ceo of thread up. that stock falling after the first report as a public company. are the trends working against the secondhand retailers tesla in reverse backing up over bitcoin "power lunch" starts right now