you hear tesla tonight seven times earnings, you've got to buy it here >> mr. najarian. >> i'm look at alcoa i see call buying. that space is starting to move to theupside materials have a little bit of a move at least today. i like this name i think this is a name that can go higher. >> good stuff. we'll keep our eyes on that. new highs for all the major averages today "the exchange" begins now. thank you, scott hi everybody on this monday i'm kelly evans and here's what's ahead. if you missed out on the record setting rally, one strategist has three names that could be on the brink of a breakout. we're getting a boost from the credit markets plus the countdown is on for one of the most anticipated ipos of the year, robinhood. ahead of its expected debut thursday, the company is becoming single money app. and the china crackdown continues, why gap could rally 44% and investors are going big

on language. it's all coming up big throughout the hour. let's start with the markets scott mentioned the record setting moves. bob pisani has the numbers 4. 3 advancing the declining stocks so it's somewhat of a mixed market but it's good enough for all the major indices to hit new highs, the dow, s&p and nasdaq now in negative territory in the nasdaq, but it's there what's happening is cyclical stock to the floors. siically cal dropped on monday material names, energy names, these stocks are all 7, 8, 9% above where they closed last monday tough day. and even consumer reopening stocks, and i'm talking about the cruiselines, for example like carnival and the airlines like united and american, live nation, delta. these also are about 10% off of

their lows at the close last monday the story, of course, we're waiting for big tech stocks to report this week but the trend in earnings with about a quarter of the s&p recording, very, very clear. generally it's good news earnings are continuing to rise, and the estimates for the third and fourth quarters are going up not as much as they were in the first and second quarter, but still rising revenues are also rising they're stronger than expected there's concerns about cost, but we're seeing higher revenues and higher prices that are offsetting those higher costs. the bottom line, the margins, which is what we're dealing with here are near record levels as well when you combine higher earnings, higher revenues and margins near record levels, well, kelly, that's why the s&p 500 is at a new historic high. back to you. >> all right bob, thank you very much bob pisani we all know that costs are spiking seemingly everywhere these days, but it's not hurting corporate profit margins steve liesman has a look at some of the records companies are

reporting. steve? >> kelly, thanks very much the july survey showing business experience as you say, sharp increases in costs from wages to materials. but they're able to overcome them and they're hitting their highest profitability in the survey's history the net percent of businesses with rising profit margin hitting 35%, the most on record or the highest on record for the national association for businesses industry survey that beat the april record, and of course it far surpassed business profitability before the pandemic profits surged despite rising costs. businesses seemed to raise prices by more survey show net 28% hike prices, and 42% see prices charged going up in the next three months. cnbc is chronicling company and earnings reports and calls about how they are dealing with inflation. and some of the comments coming back seem to back up the findings of the survey robert nap said we're passing

through the infederation we're having and expanding whirl poole having a great time over there we're significantly raising guidance and the successful implementation of our previously announced cost-based pricing initiatives. union pacific says our pricing actions continue to yield dollars in excess of inflation the question is how long companies --will they need to or can they continue to raise prices to keep profits high. and if this ignites a wage spiral that might demand quick action >> steve, we appreciate it thank you. steve liesman with a reminder of what corporate profit margins are doing. the dow, the nasdaq and the s&p 500, all of this just a week after the sharp selloff. for now they're brushing off concerns about that delta variant, but which stocks should you own if the economy starts to slow as a result joining me now with pics are cliff hodge, chief investment officer at cornerstone wealth.

thank you both for being here. cliff, tell me, visa, adobe, mark, why are those names that are attractive to you? >> thanks, kelly so, we think that we are actually going to be in for an environment of both slowing growth and slowing inflation from here. so, when you get into those times where from a rate of change perspective growth falls, markets will actually pay up for growth so, visa is a name to consider the returns on capital here are phenomenal we're talking 30 plus percent on returns of equity, 20 returns on invested capital with 65% to 70% ebitda or cash flow margins. grow at 20% next year. it's a cash machine. it's lagged the s&p by 11% over the past year. that can be one to consider on any sort of viable bit that we may be getting over the coming weeks. >> mark, are you also expecting sort of a slowdown or do you

think the market's going to perform well i see you saying in the second half of 2021 the market will need a new catalyst to match the year-to-date results that's why you like names like netflix, for instance, who has been more of a laggard tell me about that >> netflix was severely impacted by the shutdown. it seemed at first that it was going to benefit because there were subscriber growth but the reality in the long term the pipeline dried up. there's no buzz for netflix. tell me the last time someone told you about a new hot series they're watching on netflix. that's going to change in the winter that's going to coincide with cold and flu season. even if we don't have the spread of the variant, people are going to be concerned with being in theaters with people coughing on them i think you'll see investors going to that stock. >> we also like o'reilly, advanced auto zone kind of a play on the millennial

homeownership and car ownership plays in all that. i didn't realize cal bought top golf these are sort of pandemic light plays. >> they are pandemic light they do well in the pandemic and they're going to well as a result of permanent change in the pandemic that's our big theme instead of trying to guess if this covid variant is going to pressure markets too much, i want to be invested in either place. golf is here to stay now 10 million more rounds per month are being played the top golf purchase is going to widen the pool of golfers that are out there and when we get the supply chain issues worked out, we think the equipment sales of callaway benefit. that's a macro trend auto zone plays off the massive used car sales we're seeing. and the parts manufacturing is a smart way to play them and the stock and action in the

stocks reinforce that trend. >> millennials in the burrbes need two cars. if the view you guys foresee is priced in or the sense that maybe we have a growth surprise or a deep slowdown what's the biggest risk to your stock picks, cliff, do you think? >> so, the biggest risk is what everyone's already talking about. it's inflation we think that you're going to need to see sustained wage growth at more than just the lower end of the spectrum in order for that to come to fruition and it's not likely from here. you will also see that flow through other asset markets. you will see the yield curve begin to steepen out we're not seeing those we're seeing the opposite. as you know, once something is consensus, ie the infla inflation narrative, then you're probably late to the party

>> new yields fell to a new low over the weekend of minus 1.1% how do yields inflation play into your picks here or present a risk >> i think investors need to be patient around the inflation scare. the macro massive demographic trends of aging population, slow growth of europe in japan, technological innovation, globalization, all of these suppressed prices, tax hike in '22 also will suppress inflation. big investors need to look beyond the inflationary scare and not be too worried about it. >> we'll leave it there for now. thank you both really appreciate it cliff hodge and mark avalon. speaking of real yields, we have a real news alert rick santelli standing by with the results. how did it go, rick? >> well, kelly, it straight up went eastern when the dutch auction results went out i give a b, b as in boy for

demand above average only interrupted wednesday by the fed meeting seven years, won't be until thursday. yield point 2.13 one issue market was 1.22, bid offer to.21. bid to cover was a little light at 2.47. here's something good. 21.3 on directs. that is the highest percentage insurance companies, mutual funds since december of 2019 and dealers, well they take 26%. and to me that's a pretty good number because it is the second smallest amount taken by dealers since november of 2019 and the less they take, that means the more investors take, hence better demand. now, of course tomorrow we'll get five year and each maturity gets longer in time and most likely will find a little wider audience but this one was a good start, kelly. >> thank you, rick rick santelli. u.s. and chinese officials are

wrapping up a tense meeting as beijing continues overhauling its education tech sector. is china's crackdown start of a broader marketship for the country and how should investors prepare? take a look at shares of american airlines. they're hanging on to a gain right now, but lesley joseph is warning today the company warned pilots about fuel delays asking their pilots to save fuel when possible. they said airlines, including american, have experienced supply shortages due to a lack of truck drivers, truck and fuel supplies, a story we've been following for the past couple months american airlines hanging on to a 2.5% gain on that report we're back in a moment chgeonnbncer: this is "the exan" cc. you pursue. plans for the long term,

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welcome back talk about another down day for china-related stocks as the crackdown intensifies in beijing, chinese tech and education stocks have shed over a trillion dollars in value just since february the nasdaq golden dragon index is down nearly 50% from its highs. now at its lowest level in a year, talking about pandemic lows here. if the chinese government crackdown is causing so much pain for their companies, why are they doing it? joining me now is derek

scissors derek, it's great to have you. you distinguish what they're doing on the tech side and the education side here. so, explain that >> well, i would actually distinguish tech from almost everything else. education is an example of something we see from the chinese all the time this sector is expanding too quickly. they're chasing money too quickly, too much, according to the government of course we have some complaints from consumers. everybody calm down. we're going to go through a little rectification campaign. and then, you know, you'll be allowed to go back to normal in six months or a year that's very normal for china it mostly happens in property. there are certainly risks to the stocks but the sector should be calmer if you look forward a year tech is different because it's really about a sea change. the chinese have said we need to control the data all of you need to fall in line. we love tech we can do without the tutoring sector it lives, it dies, we don't

care tech, there's going to be a booming tech sector in china, but under our rules. they're happening at the same time people are putting them together that's totally understandable. but the projection for education is more like a return to normal in a year. and tech is going to thrive, but you better fall in line. >> what do you make of the timing of all this this morning as well didi got a downgrade on concerns about chinese regulation and they're running afoul of the government. we've talked about how the ipo and it looks like a bad idea and they have been warned. it seems like since that date -- and maybe we should expand the time horizon back to last fall and initially raised the ire of the chinese communist party. what sequence of events here is playing out? what's the catalyst? where is it going? or are we just lumping these all together because they're happening all at once and there's not actually any connection >> i do think there's a connection within tech, and i think you hit two of the events.

the chinese tried to warn everyone by delaying the ipo in part because xi jinping was mad at jack ma they discover what they see as problems and who's controlling the tech, the data, rather if you're going to list overseas and making money maybe you'll start following their rules and not our rules. somehow didi doesn't get the message or so eager for ipo it doesn't listen they had to send another message and there is a risk of yet another message. there may be another company targeted if they're not understanding that you will follow our data rules. i don't care how much money you're making overseas or getting from foreign investors so, i think the jack ma event, the didi event, those are connected and people are interested in the chinese tech sector they have good reasons but they shouldn't be surprised if there's a third crackdown like these two >> probably the biggest name is alibaba. what are your thoughts about that, the risks they're exposed to now, the growth prospects if

in the long run it's good to have these tech behemoths? >> there's too much money in alibaba. i don't see too much down side risk there's too much money in alibaba for the chinese to want to cut that contiduit off that benefits the chinese economy. at the same time, they want to keep alibaba from becoming a threat to their financial system, from drawing savings away from state banks and so on. the down side risk for alibaba is somewhat limited but so is upside gain because regulators don't want alibaba to be that large and that profitable. at some point you could see pressure for a split to buy the company up where both companies look pretty good but don't have the size and reach it's too big to fail but in china you can be too big to succeed. >> does that mean some of these chinese tech names are becoming utilities, in other words trading almost like bonds?

i know that seems insane to say after the past 12 months but going forward, if the down side and upside is capped, if they're extensions of the state, they have monopoly protection but also not that much down side >> right that's going to be part of the sector i think that's well put for what part of the sector looks like. you know, if you have data the state considers especially valuable, your operations aring g going to be restricted and therefore your upside is going to be limited. that's really the investor evaluation that has to go on in chinese tech sector. are you backed by the state and strategic and there's a huge chinese market great. do you have data the government's going to control which is going to mean they're looking over your shoulder, mean foreign regulators are unhappy with their operation because they think you're going to turn the data back to china that's going to cap your upside. so, you have that certainly right for part of the sector some of these stocks are not

going to be growth stocks. and the key there we've seen recently is how sensitive is the data they have rather than their basic commercial prospects >> activity, absolutely. derek, thanks so much. we really appreciate it today. derek scissors shedding light on all the actions on the chinese news front robinhood is unveiling plans for the future of its app and none of it has to do with stock trading. we'll take a look. today also marks the 31st anniversary of the americans with disabilities act. we'll speak with one executive about the challenges facing businesses and users and the struggle to make the internet more accessible. we're back in a moment and our customers rated us #1 for network quality in america according to j.d. power. number one in reliability, 16 times in a row. most awarded for network quality, 27 times in a row. proving once again that nobody builds networks like verizon.

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welcome back to "the exchange." dow hanging on to a 50 point gain, very new start to the week from last week when we were down almost 1,000 points. we've climbed back from that anxiety. we've seen it play out with the averages touching record highs again today. let's look at some of the movers where we see coffee behaving like the new lumbar this week. coffee was up 50% this year. it's jumping another 10% today it's up 30% this month this is drawn back to this draught in brazil that's said to be one of the worse in a century. you have to wonder if it's causing a lot of traders to get sucked into this market. the supply concerns are coupled with the rise in demand as well.

i can speak from personal experience coffee having its highest gain in any month since 2014. totally different story, take a look at the stocks of aon and willis towers watson the doj sued to block the deal five weeks after that, the merger is over and shares are rallies 10.5%. willis towers watson going the other way, down about 9% it is the biden administration's first antitrust action let's get over to tyler mathson now. >> here's what's happening at this hour. the fda reportedly urging pfizer, biontech and moderna to urge more young children in their studies. the larger studies are requested to better determine the risks of rare side effects including heart inflammation president biden and iraq's prime minister expected today to announce the u.s. will end its

combat mission in iraq this year significant troop withdrawals are unlikely, but the move would firm up the time line for u.s. troops transitioning from combat to just training iraqi forces. on "the news" reexamining america's military involvement in the middle east and what happens as the u.s. forces focus more on threats from china that's at 7:00 tonight on "the news" with shep smith. and trump ally and billionaire tom baric leading not guilty to lying to investigators with his dealings with the middle eastern country. kelly? bank of america sees longevity resume, mind the gap for back to school and tether could be in big trouble. it's all coming up in rapid fire in just a moment you can catch this show any time anywrehe by listening to and following "the exchange" podcast. stay with us

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welcome back, everybody. it's time for rapid fire and here to catch us up on a few stories that should be on your radar are mike santoli and gina sanchez, ceo and cnbc

contributor. welcome one and all. it rallies when the pandemic resurges and vice versa. but bank of america today says zoom is more than that, naming t a top pick today and lobbying its merger with 59 sawing this puts zoom in a position to transcend lockdowns and dominate the service sector mike, are they over playing it >> i think it's legitimate in terms of the intent of the deal to diversify away from the pure stay at home feel, work at home feel from zoom i do think it makes sense that zoom would look to have this diversification effort also maybe follow in the footsteps of what microsoft and salesforce did. you start out in one kind of software, build in features. microsoft bought hot mail, for example. it was just business offer for a long time. and salesforce has become a rollup of anything sales oriented or customer oriented. it makes sense

i think it only works as long as your customer base is happy. >> it's a great currency deirdre, i chuckled. i read this note because you know, you think you know about zoom and you read something about how, you know, zoom and 5nine together are an attractive opportunity to com combine ucast. in my head it smells funny >> right and it's all a play on sass. these are some of the most attractive companies over the pandemic and every state home play is trying to figure out how to get beyond the pandemic. and it's clear that zoom has been thinking about this for a while. they come up with their hybrid products like zoom phone and zoom room. and i remember just a few months into the pandemic as well they had some questions or issues around encryption and security and we reported saying, oh, maybe this is a chance for the other big players to get involved and take market share that didn't happen the management has been

extremely good at getting ahead of not just perhaps problems that are confronting them at the moment but getting past the pandemic and making them this unified communications play that goes beyond stoay at home and that's what investors are looking for from all of these darlings that we're seeing shoot up during the pandemic for them to do more >> sure. and i guess in some ways the question is is this good for zoom in the long run you would think it has to be it's brilliant to take a stock that is envogue and diversify the business model and build a stronger business. but what if this is an environment where people are looking for a single simple stock that will do well in this pandemic light environment >> i think zoom has to evolve because if you look at how it acts, whenever we get resurgence of the reopening, zoom does poorly and the thing is what this merger will allow them to do is

more than combine the two companies. it allows zoom to evolve into something new and different. and that potential that i see is almost sort of acting as a rework in the work from home space. and that doesn't really exist. so, in some ways they could create a market that doesn't exist. and that is valuable >> all right with e have to move along, but now you've piqued my interest. now is zoom analogous in a good way to we work from work from home explain that >> if you look at what they're doing with five9, if you look at how contact centers can be outsourced calling, outsourced answering for offices, meaning awf all of a sudden you no longer have to have an office and you have to have someone somewhere answering a phone for your company and you can put all your voice mails on one platform. everything becomes very unified. they have to go up against microsoft, which is a monster in this space but they have put out a very

good product and no one has said we're going to be your outsource. we work. >> it's workplace in the cloud as a service >> exactly >> whatever that is is what i'm going with all right. let's go move along. let's talk about something much more straightforward. it's the gap giving upgrade over at bankamerica today i'm sorry deutsche bank. they like it as a buy play they like the gap itself >> isn't everything at this point retro into the early '90s. why wouldn't one of the great growth stocks of the '90s but something back in favor. it is important to point out there is a small minority on the street that does like gap at these levels i think people very much engrained in the idea this is a shrinking company by design at this point trying to retrench the gap brand itself, agent leta has been a great story but is large enough to at least on a perception basis move the needle

for the stock. i think it makes sense here. it probably trades at the highest ratio in the last few years. it was valued at a little more of a premium >> es yes, we're not back to those numbers yet. are you a buyer of it near 30 here, gina >> it's interesting. there's always a buyer at any price and i think it's interesting here the other thing is that the pandemic has shifted us. if you consider where we used to be, business attire, business casual, now everybody likes yoga pants and business ath leisure and i think we have an interesting story in this kind of evolving work wear. >> fair enough i just heard about a west coast company that sells a wool dress. they have a 100 day challenge where you wear it for 100 days in a row i'm thinking, okay, that is -- deirdre, this doesn't sound fantastic to you this sounds fantastic to me. i want the 100 days. i won't do it on air it would be a home thing

>> i don't know. you don't need to wash it? oh, yeah, give me a uniform any time you don't even have to think about it with regards to gap, i want to know what mike's daughter thinks of it. she's the trend setter and on top of all of these things look at the gen z. if she's approving of it, i think it's okay. >> i think in terms of look and style, she's in tune with it but she's completely in this thrifting mode it has to be owned by somebody back in the '90s and she's finding it online somewhere second or third hand i don't know what that tells you about gap as a product but the fashion itself fits. >> it's fully cool if you don't buy from them directly they should sell directly to thrift channels. this is another ipo this week, robinhood is getting all the oxygen of course but this one being the language of translation, the learning app. had a really strong pandemic

performance. but are they ipo at a time business is about to slow. >> i'm haunted by the dual lingo owl. i once downloaded the app and never finished the course. so, that alert comes up and reminds you how you haven't completed the course it will be interesting because we have seen a lot of enterprise companies. when i was looking at the retention rates and how they're monetizing customers, 500 million downloads but the monthly active user rate is just 40 million users to me that's interesting it reminds me a little bit of drop box, a company with a great product but over the years has had trouble monetizing it. so, it will be interesting to follow the progress and how they're able to do that. many people are haunted by that owl. >> they need to be like planet fitness where they know no one's going to come or use it but that's the whole business model. just 10 cents a month or something. definitely we want to talk about tether here and everything

that's been going on with this stable coin. let's bring you up to speed. the justice department is reportedly investigating bank fraud by tether executives hiding the fact that transactions were linked to crypto a separate concern with the bitcoin community lately is tether's lack of disclosure about what backs their coins people are still talking about this interview last week >> you guys published a pie chart that showed less than 3% of that was u.s. dollars more than 50% of that is commercial paper i know you guys have said it's rated a-2 or above can you give us anymore details about what exactly that commercial paper is? >> so, we don't disclose our commercial partners. so, that is quite important. we want to -- given our portfolio composition in commercial paperers, we believe it is quite important to respect the privacy of the banking

partners that we work with >> michael, let me hand this one to you it's not because we're saying that stable coins are a systemic risk, but they might be to bitcoin. and figuring out what backs them and what becomes the appropriate currency seems like a big question >> right exactly. so, anything that is purporting to be cash like or serve as that kind of collateral piece that's supposed to be incredibly reliable so that it acts as a foundation for other types of riskier trading or holdings, that often is where you have a lot of slippage. and you've had auction rate securities back in the financial crisis you don't want to necessarily to your point say this is in that category but the reason of this scrutiny is they're trying to create this alchemy of something that acts as a raw material that enables crypt trading but yet is quasi dollars. and that's a tough thing to do and you have to be able to verify that in fact that is what you have right there it's also a great reminder most

of crypto is trading at this point. >> yes so, deirdre, this is paired with news some of the platforms are reducing their leverage. what do you think is important about the bank fraud reports in terms of what we know about them so far again, this goes back a couple of years to, you know -- you can get into all of it but would you tie it all together with the questions about the backing of the stable coins? >> well, i think that previously it may not have mattered as much because these are the poker chips of the crypto casino it kevs a function it provides liquidity as an underlying asset i think going forward when you have regulators and lawmakers talking about stable coins from janet yellen to jay powell in particular, that's where it gets more interesting because they may be required to provide more disclosures, and that could eventually lead to less trust. you have other stable points though, a point that the executives make, usdc coin

and some say those are better disclosures. but right now tether is the backbone of the crypto market. it could prove to be somewhat fragile, especially as they were so hesitant to answer any questions such as what is the quality of that a-2 paper. they wouldn't even say where it came from. >> so, tether has put out a statement saying they routinely have open dialogue with law enforcement agencies including the doj. gina, last word on this. >> i think the biggest challenge really for all of this is that this is allhappening in an environment where know your customer, kyc, has become the pinnacle of everything banks are focused on right now and the banking system has to be able to say that they know exactly that nothing that goes through their systems have occurred through criminal activity and this is going to be a challenge for this entire effort in the crypto space, tether being really kind of at the

forefront right now. but i think this will continue >> that's a great point. kyc and aml are like every other sentence for trying to figure out the growth prospects we'll leave it there everyone thanks so much. we appreciate your time today. and up next, markets are slightly lower today but all three major averages are hovering near all-time highs we're going to look at the names one strategist says could be on t anverge of a breakouthks to credit investors. back in a moment icy hot. ice works fast. heat makes it last. feel the power of contrast therapy, so you can rise from pain.

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♪ ♪ ♪ with a bit more thought we can all do our part to keep plastic out of the ocea. all three major averages are sitting at record highs. the dow posted its first ever close above 35,000 on friday my next guest calls this a run away bull market and now poised for a breakout joining me is bryan reynolds bryan, it's always good to have you on let's start with the actionable piece of this, which is what names to you scream buys here?

>> well, i did a two-part screen, one for technical breakout potential and another screen having a credit of those company's trade. if there's a drydown, what fuelled buy backs? and my initial screen had 256 candidates on friday morning >> wow >> after friday's rally, that number grew to 307 names in the russell 1000 so, that's almost a third of the russell 1,000 that's poised for some type of breakout. i don't know when that's going to be. i think it's going to be in the last third of this year. but we know that once they get above their old highs, they tend to attract momentum investors. and with the credit market having wind in their sails, i think a big chunk of this market is poised to go higher later this year. >> the markets reverting back to what we've been talking about for years going back to the pandemic where you have intense

buybacks, you have low yields. and that translates into equity prices it feels like companies have moved past the debt buyback phase and back into the stock b buyback phase. you don't have to name them one by one it's basically swaths of the market this applies to now >> when i was on with you in april there were 177 companies in the s&p who were buying their stock back now that's up to 215 and i said back then it's probably by the end of summer we'll see a majority of companies buy their stock back and we're on pace to do that and that's one of the criteria for what i call a run away bull market there's actually ten technical criteria risk bull market meets 8 of them that's the same thing i saw when the s&p was at 1,800 >> it's crazy to think we could have another five years of this. we're always subject to the tyranny of now after you've been doing this 10 or 15 years there are people thinking it's been 100 plus

years of a stock market and it finds ways to generate returns throughout the periods my point being you think this equity bull market can persist whether bond yields go up or down explain that >> when bond yields go up, funds have losses on their bonds, they're not hired to make losses for the big drivers of the credit cycles so they invest more aggressively. and when yields go down, the new money that's pouring into pensions and into the credit market has to be invested more aggressively to make their above market bogeys. so, rate yield volatility is good for a credit boom whereas in february yields were going up, equity investors were concerned about that, now yields are going down and equity investors are concerned about that both of those booms make a credit boom more intense and now you've got retail powering the stock market with stock buybacks companies are building immense war chests through the credit market with which they can buy back their stock at any pull

back >> this is a very different and very fascinating way to look at the market brian, thanks for being here today. we really appreciates it brian reynolds with reynolds strategies it's the anniversary of the passage of the american with disabilities act ecivh e ing to speak witon exute who's blind but working to make the web more accessible that's right after this quick break. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed

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today marks the 31st anniversary of the americans with disabilities act, setting accessibility standards for acre country, but the business community still has a ways to go especially online. just 2% of all websites are actually accessible for people with disabilities, and the lost opportunity is enormous. it's estimated the disability community has more than $600 billion of disposable income let's bring in the former national ambassador for the braille literacy campaign and chief vision officer michael, it's great to have you here so it seems like the business world is starting to get better. i see the icons on websites all the time how much improvement still needs to be made, though

>> well, mostly there hasn't been a lot of improvement. there's been some. in the world today we have a situation where websites are proliferating much faster than accessibility can even be made available to them because it's all usually done by manual programmers who do one website at a time. even in the united states we have over 380 new web sights created every minute we need a scalable and accessibe will help to make internet websites available by, in this case, working at the browser end, making websites visible to persons with disabilities. and there are a lot of different disabilities and a lot of needs. accessibe deals with that. >> and yet there's controversy some of the community thinks your work doesn't go far enough or makes websites harder to use. explain what's going on there.

>> well, i've heard some of that and i guess the best way to really answer it a lot of the accusations come from people who are in the manual programming world who simply are feeling their jobs are being threatened, which they're not. the reality is, look, we are in a world today where it's been proven scientifically by any standard that you want that the vaccines for covid-19 work and that they work well, yet we have a lot of people who aren't taking the vaccines. it's no different. we have people who just won't trust, who aren't visionary enough to look into other solutions other than what they're used to that may work. accessibe has over 100,000 customers today. it works and it works well people can actually go and find out how accessible their own websites are by going to accessibe.com/ace and they can do their own test. it doesn't cost anything and they'll see just how much work their own website needs to

have done to it, if any. >> explain the hurdles even just in doing this interview with us today and picking which web video interface you can even use. >> zoom has been really wonderful because they have worked really hard over the last year especially to make their platform accessible and to keep it accessible, more so than most all of the other platforms, which is why we chose and both agreed, you and i, to do it this way. the fact is there are a lot of issues with access even on the most supposedly accessible sites. i went to a major shopping site over the week to try to buy something, and all i found were links that went to images and there was no description of them there was no need of that. most people aren't aware of what needs to be done even programmers most don't know what needs to be done. and so we're in the business, if you will, of trying to teach people about accessibe and

created a commercial there's a new commercial using all people with disabilities created by the community to encourage people to use accessibe and the purpose is to teach people to deal with accessibility in general. >> to bring it front of mind, so to speak michael, thanks for joining us >> and the ada requires that but people still aren't paying attention. >> well, at some point they will have to either by paying attention to the work that you're doing or by being forced to michael, thanks for your time. it's good to have you. well, robinhood held its virtual road show over the weekend ahead of its thursday ipo. the company giving potential investors a glimpse into its future plans andone nhas to do with stock trading no-no-no-no-no please please no. ♪ i never needed anyone. ♪ front desk. yes, hello... i'm so... please hold. ♪ those days are done. ♪

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kick pain in the aspercreme. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire welcome back robinhood goes public this thursday, and while it started as a retail trading app, the company cease a much more diversified future kate rooney joins me now with the details. kate >> reporter: kelly, robinhood hinted at new product lines over the week this was in a virtual stop on the road show on saturday,

specifically for retail investors. and during q&a with robinhood customers the ceo saying the startup is considering expanding into retirement accounts with iras and roth iras and they are working on cryptocurrency. executives talked about a single money app, as they called it not a brokerage firm they focused on areas outside of trading that included adding more savings and spending products to diversify the business payment for order flow came up a couple of times and the cfo jason warnicke saying if regulators if so far as to ban the practice robinhood and the rest of the industry will adapt and will explore other revenue sources. the management team chose the questions. they had thousands of submissions from customers and picked at least one question that had nothing to do with the

ipo. what ceo vlade tenev's favorite planet was putting aside 35% of its shares on the app they are expected to list on the nasdaq thursday. >> two questions, kate did he say what the planet was and, number two, do they seem to want to get away from pay for order flow >> reporter: pluto, which we all know is technically not a planet anymore, so he did seem to be joking he is sort of -- he talk about astronomy. they did get into a side discussion so it seemed to be a way to sort of show the human side of the ceo, and i'm sure it was on purpose that they had thousands of questions and that one didn't have to do with the ipo. a fun moment and payment for order flow would be a big deal if they could not have payment for order flow as part of their revenue model. it makes up now more than 80% at the moment it would be be a tough situation if they did have to move away

from that revenue model. >> yes and, again, i think that even regulators go back and forth about just how draconian they want to be in cracking down on that in the meantime we can consult as astrology charts how the ipo will go. thank you very much. we appreciate it, kate rooney. and that does it for "the exchange." "power lunch" starts right now tyler? thank you very much. ahead this hour the rally faces a new test with earnings from mega cap tech kms on the docket this week. we'll talk to a manager who expects solid results but also has one big worry. and crypto's comeback. bitcoin having its best day in weeks, but is it a picture perfect short squeeze? we will take a look at what's driving that move. tesla's road ahead, earnings out after the bell former tesla board member will tell us what elon musk has to say to kick start the stock and what tesla needs to do to stay one step ahead of the intensifying competition "power lunch" starts right now