>> yes, sir. kevin -- i bought options in the beauty health stock that he has got. >> just now? >> my final trade -- >> yeah. but not just that. i also -- coke i have stock positioned. >> great weekend, everybody. all of you as well "the exchange" is now. hi, everybody. here is what's ahead recovery roadblock how is the market still at all time highs today we will ask. a family that sold everything, a house, three cars, they sold it back in 2017 and put it into bitcoin when it was at 900 bucks it worked out pretty well for them wait until you hear the extraordinary lengths they have to go to to keep that safe disney's big double. apple's privacy problems judgement day at the box office. let's start with the markets, record highs today.

we have the numbers. >> happy friday the 13th are you feeling lucky or unlucky today? the markets are in the green we are on track to finish the week mostly higher a closely watched gauge of consumer sentiment plunged to its lowest level since 2011. it was due to some consumers worried about the delta variant. we have consumer staples, health care, some of the winners you can see health care because of the vaccines communication services, disney among the best performers. we move on to energy on your screen that's down again. it's been 19 days in which no member of the index traded above the 50-day moving average. it's been decades since that happened treasuries rallies, yields still higher for the week. the ten-year-yea yield down to 3 look at alternatives, cedar

fair this is for the month to date. all trending higher. cedar doing the best then we have jessica alba's beauty company reported worse than expected results. the stock is down 26%. let's end with some online thrift threadup and poshmark, down double digits, well below 15% lower. >> thank you so much let's turn to the momentum in the market with the delta variant delaying the economic rebate, with rates potentially bottoming out. >> we are at new highs because we are halfway through the third quarter, believe it or not the two themes s are in place delta variant is slowing but not reraili

derailing the economy. interest rates are bottoming sectors moving in the last six weeks. materials and industrials are strong big names like dover, for example, some of the material names like martin marrmarietta financials have been strong. even smaller companies like nasdaq is having a great quarter. consumer stocks are split. we had that small group of super sellers, target, costco, walmart, they are making -- they are taking market share. everyone believes you can get everything you want at these stores consumer is flush with cash from savings and stimulus they are doing well. people are going out to restaurants more people are buying carpets. they are buying more lipstick.

you w food and other staples are down. consumers are spending less on food at home campbells, clorox are down the wild card is technology. tech is very sensitive to higher interest rates the mega caps are handling slightly higher rates very well. semiconductors are mixed the key story is higher rates are helping the masrkets look through the delta variant. who knows if the ten-year went to 1.8%, i think there would be a bigger problem right now, tech is handling this quite well >> right now that seems like a distant milestone. we appreciate it despite companiescontinuin to push back their reopening plans, stay at home stocks are

un underforming zoom is off. pelton is done even netflix and amazon are off of their highs have any of them dropped enough where they are too cheap not to buy? with us is tim sey mour which stock would you buy now? >> it's been a very interesting run for these names. clearly, if delta variants are accelerating, you would think they would rally we are not seeing it amazon, they were the poster child of stay at home. they were the first out of the gate the stock has been dead money. it's not down significantly, but it's flat. if you look at the first quarter -- thesecond quarter numbers, the big problem was really that it was somewhat mixed, slightly light top line, but the third quarter guide was terrible at its core, the ecommerce trends that were accelerated in

covid, stay at home dynamics are -- the long -term thesis everybody knows. aws is up 37%. they switched to more enterprise customers. i think amazon is the first place you start when you look at these companies. >> amazon, you would be a buyer up what about something like pelton >> i think you have a case with pelton or a zoom where i think the valuations are really, really tough relative to where i think at leaf the near-term growth are a couple other names that i think make sense here, draftkings, which completed a big deal with gold nugget, where i think -- staying at home, online sports betting, these are trends that are just beginning this company is consolidating a space that really continues to grow on the addressable market like that a lot.

zillow that i think the real estate market boomed, people shopping around, people -- some of the trends that are going on in the housing sector are ones that are very, very early stage. what they are doing with their premiere home offerings -- inventory has improved a lot have this stock. the valuation doesn't make sense. >> the fact that zillow is down 50% in one of the strongest housing markets, you are not a big fan. but you like draftkings, zillow. this is picking from the traditional stay at home what about netflix that has gone nowhere? >> again, when i think about the move that netflix has made in the last couple years and that it has been largely dead money for a year, i think the valuation has caught up to it. i think the competitive

landscape has caught up to it. they got a boost out of the gates with covid look at disney subscribers yesterday. people are concerned it won't compete. i think netflix is showing longer term dynamics around the challenge between a company that's never made money, huge cash burner, have to invest in content. there's better places to go. disney is a better place to go. >> it's amazing. its multiple has increased let me zoom out of this and ask you, earlier today, j.p. morgan said, the covid numbers are trending really, really badly. this thing is spiking. it's starting to look in some of the states like during the worst last winter. it could get worse it was interesting because they said, the economic conclusions from this are a lot less clear so few places are really trying to do any lockdowns.

tim, my question for is, should looking at stay at home stocks be the strategy for investors right now? haven't we been through this don't we know that there might be a little opportunity but then the performance from the highs tells you just how risky they are. what do you think is the right strategy broadly speaking for stock picking right now? >> j.p. morgan, to their credit in april, may, june last year, was early to get out there and be bullish on the market and point out some of the dynamics that are not only in terms of ownership of the market but where they thought there was going to be opportunities. the great irony is this week we heard southwest talk about some of the impact on their third quarter numbers. the airlines have talked about delta variants yield drives on a day like today. there's some sense -- as yields fall, bonds rise you push back down on this

growth headwind. you think a lot of the big industrial and resource names would be getting hit they're not. i think the biggest impediment for the stay at home stocks is that in most cases, the valuations don't make sense. delta variant, socially we're going through a difficult time, i think we are able to look past the third quarter and fourth quarter, and while uncertainty -- j.p. morgan talks about the unknowns that remain i think we have seen the worst of the interpretation for the delta variants i think trades will see the bounce off of what had been a devastating four to eight-week period for them despite the fact that today there are -- >> if you insist on some of the lock-in names, amazon, draftkings and zillow. thanks so much coming up, has inflation

peaked my nest guest says yes we will ask her where to put your cash. the story of a family who sold all they had and invested in crypto. that's how they became the bitcoin bunch. we will bring you their story and tell you the latest they are up to right after this

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welcome back to "the exchange." stocks are holding on to their gains. both the dow and s&p hit record highs earlier in the session here to talk us through the risks and opportunities, emily, it's good to have you. we were talking about with tim this idea of what kind of stock should people be betting on. you are not a stock picker what's your top level advice to clients these days >> we think that with the equities having reached highs, only yesterday i think it was 47th time the s&p closed at a high we think the easy money has been made in stocks when we look out a year from now, there may only be 5% or

10%. we are still risk on in our portfolios we are advising our clients to use caution and prepare for volatility and add protection. we expect some volatility ahead. >> the idea of investing to protect yourself against inflation is -- look at what's been going on with the inflation train. things might have peaked in terms of growth. you still need to invest that cash real-yea yields are something y track closely. >> we think inflation peaked in june and will start to normalize. some of the price increases are likely here to stay, particularly those driven by wage increases we think inflation will normalize at a little above 2% in 2022, which is higher than we have seen it in recent years in the meantime, with very high inflation and very low interest rates, the real yield on cash is at a historic low.

this causes us concern with so much cash on the sidelines in particular, we have several entrepreneur clients who had recent liquidity events. we are urging them to help us make a plan with them to put the cash to work it will be on their returns. >> give me an example of what that would look like somebody said, i have cash now you are saying, you are going to be falling behind if you let that pile up and sit there at a time like this at the same time, you are warning about the stock market and gotten a little too far ahead of itself. i'm sure you are not saying bond yields look like a great deal. so where do you go >> it's tough. everyone is caution and worried about the market being able to sustain the high levels. historically, investing after a market high has actually not been an impediment to future returns. looking back, the s&p has averaged 11.7% after investing

after market highs which is 11.3% when below the highs we suggest that people be cautious particularly with the entrepreneur clients that we have who have a at risk in their business they want a more thoughtful and cautious approach to investing their cash for this, we suggest dollar cost averaging in and pulling forward purchases on downside volatility historically, that doesn't work, which makes sense because the market goes up over time in fact, looking back at data since 1960, going in as a lump sum has outperformed averaging over 12 months over 80% of the time it's a way to get people comfortable going into the market it's more of a psychological decision we want our clients to be comfortable and sleep well at night. it doesn't always mean they are going to get the best return out of it. it's a way to get them invested. >> that's interesting. if you win the lotto, stick it

in the market at one time. you guys like financials and energy in japan, which is a scattershot group. they have the common link of performing well when interest rates are rising, when reopening maybe -- demand is coming back is that the scenario you foresee? the consumer -- any month going back since 1998 that we have seen the index fall five or more points, the s&p outperformed in the following month or so. >> yes we do -- trade has had a tough time of it as rates came down, growth stocks almost started to outperform value this year we do think that things are going to settle down in particular, as you said, financials and energy sectors that are going to outperform going forward.

financials are behind this i believe it's 11% since end of 2019 and energy 50%. we think there's room to catch up >> emily, thanks for your time today. >> thank you very much coming up, disney is on pace for its best week since february we will break down the quarter and the strides they are making in streaming next. 2% gain today. check out the utilities, which is leading all the sectors this quarter that's an 8% gain. heat waves across the country helping to fuel a rally. maybe falling rates as well. we will ok alot which stocks could see a summer breakout. we're back in a moment

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welcome back to "the exchange." we are seeing the s&p and nasdaq in danger of turning negative. they hit record highs earlier today. s&p is up four nasdaq super seven here are some of the movers. fedex is higher after raising fees going into the holiday season they are expecting high demand and a surge in residential volume the shares higher. they are down about 8% in the past three months. shares of activision is down 15% in the past two months they are facing regulatory risks in china down about 1% today.

the concerns are priced in they are dropping the price target to 105. for more, head over to cnbc.com. streaming strides. the latest box office barometer. that's in "rapid fire" right after this turkey hill chocolate chip cookie dough creamy premium ice cream and chasing fireflies. don't worry about me. i'm fine. you can't beat turkey hill memories. in the race to succeed, does somebody always have to fail? let's give everybody a fair shot. because when that happens, we've all made it. ♪

welcome back let's catch up on a few stories that should be on everybody's radar. here to break down headlines today, dierdra and ed and ina. let's get right to disney. jumping on a return to profitability for u.s. parks and stronger than expected disney plus growth, they reported 116 million users, topping estimates and a jump of 12 million from the last quarter average monthly revenue per subscriber fell 10% year on year disney warned of uncertainty from the delta variant how big a deal is it that their ability to monetize users may be trailing netflix

>> i think the real story around disney plus, it's really all the gains or most came from india. they have rebranded disney plus hot tar. i think that's a positive in the sense that they are tackling growth overseas, where netflix is getting its growth, while growing at home. i think the u.s. market is still tough because of the competition. at the same time, the fact that they have taken advantage of their foothold in india is smart. netflix has had challenges there. that's a positive. i think the fact that the stock is up on the report -- their theme park swung back to profit, which is nice. investors are looking at the streaming service and looking at it like a netflix. they are trying to give it a netflix multiple that's a positive for the company. but at the same time, i don't have a csense of where they tend

to take hulu and espn plus. >> they were impressed with the espn plus numbers and where that was tracking i can't get over the fact that it has a multiple. that is astounding to me >> investors love d to c the real story -- the biggest story, one of them was india its expansion there. that does get a lower revenue per user number. in that sense, it's not as profitable as a netflix. however, the whole idea here of owning the customer and what they can do with that with the other parts of the business, i think that's what makes it so attractive we know netflix is searching for this on its side what's it going to do? it has so much data. disney is working that in reverse. >> last word on this

>> i mean, i think when you welcome at disney is they have powerful brands. they have the right content. when it comes to that shakeout that every consumer will go through, there's too many d to c things, too many subscriptions, disney, espn, hulu, these have the right content. that really matters. >> final thought on this, as we watch this shakeout happen and we're starting to see it, some of the players still kind of figuring things out, as we get through more quarters where consolidation is happening down to some of the big emerging players, what's going to happen with the rest of the field >> i think it's a fight for one, two and three place. basically, the top three will get the bulk of the u.s. market. fourth and fifth, will be a smaller niche player whoever is in fourth and fifth, they will have a hard time maintaining that

they will need to bulk up. despite the pending warner media discovery deal coming down the pipe, that might not be big enough, that resulting company the streamers, it's going to be a fight for basically third place at this point. netflix is in first. disney is in a strong place for second it's looking good for them. >> fight for third let's move and talk about the latest on the apple front. the software chief spoke to "the wall street journal" trying to clear up confusion about the child protection features that were announced any miscues may result from poor messaging but not policy listen >> i do believe the sound bite that got out early was, my god, apple is scanning my phone for images this is not what is happening. >> he stressed the scans would only happen in the icloud and it system has multiple levels to

keep policies in check critics claim it goes against the mantra of consumer privacy you have had the tech world going, wait a minute they can distinguish between i cliicloud and and photos this doesn't affect a minority of users it's a back door into photos on your -- that you are taking or that are your property >> it stands in contrast that privacy is number one. apple critics are using this to further criticize apple. one of the strongest arguments is this idea of a slippery slope. what if the chinese government says, we know you know how to do this, do this for us on another topic. i'm not sure i buy that. apple is already in china and gets a substantial portion of its revenue. they are kind of compromised,

especially when you look at facebook or google that doesn't operate there. i think it was not a very good rollout. you have to wonder, does tim cook need to enter this fray and come out and say something it was a poor rollout in terms of the communication >> i'm curious the china example is interesting. apple has given that government access to servers in the country, basically allowing surveillance, whatever you wan to call it to happen they claim they are doing something different. the way that ben thompson put it is that the only thing holding apple back from scanning for anything in the future is their own policy that's why craig emphasized, our policy is gatekeepers. in a world where managing changes, financial pressures change, pressures from governments change, that that policy could now change as well. >> i think that is the real concern here apple has tried to have a pretty pure line. as people point out, they

haven't in china to do business in china is to agree to government concessions. it's not entirely new. they said to the fbi, we're not going to create special software to help you break into phones. i think there is a concern that they are creating software i do think there's nuance here that is worthy i wrote about this today i do think what haapple has done that we should take as a positive is they are not building one mass system that cracks open everything and says, from the server side, we can look at everything they created this system where they have part of the system running on the cloud, part of it running on the device so that apple doesn't gain a lot of knowledge. apple likes to not know a lot about what's on user's device. there's some technical smarts to take away from this. clearly, not a good communication, however >> i think that the way that a lot of users are reacting, there's been huge interest in

bitcoin, cryptocurrency, privac of dollars, the need for computer power to be involved with cryptotransactions and get away from big-tech surveillance. maybe on the apple front i can't be safe. is that going to push people into looking for other options when it comes to their data? >> i think that's definitely a risk factor. another thing that needs to be pointed out is i think the interview "the wall street journal" did was helpful at the same time, there's a distinction that april ple is tn to make. you own your device, but the cloud is something more fuzzy. we will have access. the truth is, people are paying for cloud access your device, you upgrade the device doesn't matter. it's really your connection to the cloud, your identity. applee

proposition. why they stick with the phone. really, the cloud is your device the cloud is your -- your data is the most important thing. that's a concern. >> well said i think there's going to be more to hear on the policy. see if they walk it back or come up with a different solution let's move along and talk about the ugly side of reddit. they say it's a house of cards the ceo said he won't let that happen >> we care about the idea of manipulation whether we are talking about users, a clever marketing team or something bigger and more nefarious, people have been trying to gain reddit for a long time we have been working to protect against that for a long time >> is it all about them as the gatekeepers? users are on the lookout they are working -- they are

aware this whole thing can be manipulated. >> yeah. they say that they are getting better at catching that because they now who the user is we talked about this yesterday it's interesting you have a fidelity coming in you have to wonder if the more institutional investors they get, the more advertising dollars they get, they will be held to a higher standard. they have some ways to go on that front i asked him whether they had a responsibility perhaps to clean up this in terms of investing, pushing towards long-term robinhood has been doing with the iras and saying they need better education he said, we are all here for the community. there will probably be both that exist on the site. >> do you have any concerns in the sense that reddit has been a big player, they are doing fund raising rounds, this high valuation, they are the talk of the town where do they go from here

do they keep doing what they are doing? it will be on to something else? >> i think what reddit has that most don't is they have really found a way to own and monetize the community that i think is the envy of most content creators if you look at the old-fashion news ecosystem, you had the extensive to create news and the free around it community reddit is that community without having to invest in the content they create. it is the discussion board of the rest of the internet i think that is a very valuable place to be. obviously, it comes with the moderation concerns that you mentioned as well as a host of other moderation, terrorist content, pornography, other content hethey have to deal with i would rather deal with that than the cost of an editorial business i love the media i think journalism serves an

important function i'm for people finding ways to make it profitable what reddit has because they don't have to create content they have to keep in place that people want to discuss things. >> the biggest risk to any business model like theirs is the moderation requirements become so high that they actually no longer make it more trackiv attractive -- maybe that will save the traditional news media. we are not there yet before we go, ed, close us out with a thought about this new film it could be a barometer for the box office they are replacing "free guy" in theaters this weekend. they are banking delta variant won't prevent moviegoers from going in person. since they have had this skirmish with scarlett joh johansson, what are the expectations around how well this movie is going to do?

>> i think what disney is doing -- the way they phrase it is they are experimenting. we will but it in theaters and give it a bigger window to see how much we can goose the box office before we do that up charge on disney plus. other movies, we want to amp up disney plus, so we will put a day and date on there. it's a smart thing to experiment it's a smart thing to figure out where is the sweet spot, especially as delta resurges at the same time, everyone in hollywood is super mad it's not just scarlet joe joe hansen disney has been the toughest to work with. this makes it tougher. that's a risk factor if they keep experimenting in a way that messes with the star system, messes with the existing

ecosystem of how hollywood runs, they might lose out on talent. talent might go elsewhere, hbo, warner to do other films that is something that they have to pay closer attention to, at least for the long term. >> it's a business model gamble. show of hands. have you been to a theater since the pandemic to see a movie in person you have >> once. i don't expectto go back with what's going on with delta, that's not going to happen any time soon. >> that's what i wonder about in terms of turnout we will watch this weekend to see how that movie does. thank you. we appreciate it up next, the amazing story of the family that's been traveling the world for the past four years visiting 40 countries. look how they are enjoying themselves where did they get the money they sold everything they own and bought bitcoin whether it was under 1,000 bucks. how are they keeping that safe we will talk about that.

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on the 2021 rx 350. experience amazing at your lexus dealer. welcome back to "the exchange." here is your cnbc news update. tropical depression fred could strengthen into a tropical storm before it threatens florida. it's drenching cuba. they are forecasting fred will drop three to seven inches of rain on the florida keys by monday soaring temperatures in the western u.s. and preparations for fred in florida, that's tonight at 7:00 p.m. eastern in berlin, a ceremony to mark the 60th anniversary of the start of construction on the berlin wall. 140 people died trying to go over or under the berlin wall to flee to the west the cdc wants more

information on the johnson & johnson vaccine before recommending extra doses for people with weakened immune systems. they have approved third shots for immunocompromised people who received pfizer or moderna vaccines you are now updated. >> thank you to the story that has been burning up cnbc.com. it's about a family, the bitcoin bunch. in 2017, they sold everything and put it into bitcoin when it was under 1,000 bucks. we have an update on the family and how they have been doing, traveling the globe. >> yes, they have been i first met them four years ago when they had just sold their house, business, shoes, in order to make this massive bet on bitcoin. remember, back then, the cryptocurrency didn't have the same level of mainstream

adoption and institutional backing it does now. even when it hit in 2018, wiping out a good portion of their life savings, they doubled down, buying more bitcoin and diversifying into other cryptocurrencies we don't know exactly how much they have put in at least a couple hundred thousand dollars at the start. it has appreciated more than 5,000% since then. it's enough to travel the world. that's definitely what they have been doing for the past four years. they have lived in or visited 40 different countries since i first met them >> how are they monetizing this? people don't always trust all the different platforms. i presume they don't want to sell it. they can sell as they go the security issue for the bitcoin they do have, the storage, access, going back to the platform and tr trustworthiness issue. it must be a lot to deal with.

>> on your first point, they are believers in spending the bitcoin. making sure that they are a part of this bitcoin economy. really using it for that cryptocurrency use for them, it's not as much of a profit play. in terms of the storage side, they are a believer in cutting out a middle man they have taken 74% of the portfolio, and they put it into cold storage what that means is that they put their crypto on thumb drive size wallets that aren't connected on the internet they have hidden them to safeguard their coins from hackers. >> this sounds like the stuff of a movie, a lot of people who want to own their keys to their coins have to do the same thing. it's not that farfetched to say you need to store that in

different places, because if it's sitting there in your house and someone grabs it, they could get your bitcoin >> yeah. exactly. that's why companies like dorse create hardware that are more acceptable people are afraid. that's a huge responsibility >> speaking of bitcoin, while you are here, we have this other issue going on with what exactly the mining profitability share is becoming. talk through the early stages of what we are learning about how this change is affecting bitcoin mining right now >> yeah. about every two weeks, like clockwork, bitcoin resets how tough it is for miners to mine early this morning, the bitcoin code automatically made it about 7.3% more difficult to do the job of mining. the reason that this happened is that some of the miners that used to be in china before the crackdown are now finding new

homes elsewhere. we lost more than half of all miners this spring for a few months, it was less competitive and more profitable for everyone who was still plugged into the network unsurprisingly, miners are coming back online things are more competitive. >> a lot of people sort of following the block chain are saying these have been stress tests that it has been able to digest and still keep chugging along. we appreciate it great reporting. thanks for joining us. for more, head over to cnbc.com. the s&p hitting another high the latest leg of the rally not led by tech or the banks we will tell you which sector ghafr t wth, t asheeaer rit tethis ew wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown,

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i talked to dan leonard weather.com and he said that his models are similar with even more heat coming so heat raves are partly why utilities are on a hot streak. electric providers like next air energy, ever source and southern come some of the very best performers so work-from-home continuing because of the delta variant, that could be another kalt list f catalyst for utilities 46% of electric generation went to residential customers this year that number increased to 49% and it is a higher margin business than commercial and industrial which is often referred to as cni >> the margins that you are capturing for residential customer per utility could be $20 to $25 per megawatt hour versus $5 per megawatt hour for cni customer or less >> so esg investing is also giving utility stocks a big

boost, five biggest all announcing plans to reduce carbon emissions duke energy one of the most ambitious plans. and also with the recent decline in bond yeedyields, dividends high >> thank you very much and elon musk is touring tesla's germany plant hoping to start producing cars in october there. but how important is to the company's growth we'll dive into that next. ♪ ♪ ♪ ♪

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tesla shares are soaring up about 25%. kind of be the first half. but anyway, elon musk is betting on overseas to keep the rally going. the ceo visited berlin plant there. you how important are the ambitions to tesla's future in dan i ves is joining us on the phone. how key is the germany factory >> yeah, so berlin is a linchpin to the broader global thesis

from a demand perspective, but also capacity. right now the issue for tesla is not demand, it is supply and this is key in europe, that will be a massive market right now logistically shifting cars from china, that has been a big issue. we believe this is along with austin the hearts and lungs of the capacity buildout of tesla as part of the green tidal wave over the next decade >> so what indications are you getting about the berlin factory? i don't want to call it controversial, but certainly he gets pressed by reporters in germany about the factory, whether energy usage or other issues what kind of read are you getting about its capability to quickly come online? >> yeah, i think six months ago they were more negative. today we're starting to see a lot more positive in terms of getting through the red tape in germany. it could be live by october and that is significant for a company that next year could do

1.3 million units. if they start production there along with austin, that is a one-two punch to take it to the next level from a capacity perspective. so i think that this is really a major step in the right direction. >> not even a trojan horse that germany is letting in, it is tesla coming into announce, hey, we want to make your country the hub of our european ambitions. germany is the biggest automaker and carmakers are extremely important to its national identity do you expect that to cause friction over time >> i think that it will definitely cause friction especially with many german automakers going aggressively, diving into the deep end of the pool in evs. but it comes to having giga in berlin and i think that tesla continues to lead the charge on evs, but

it is part of an arm's race. and ultimately this is just one brick that they are building as part of a broader buildout in terms of this next level of capacity for musk and company. >> so what do you think has been going on with the shares this year and why $1,000 price target >> i think right now just more competition. you know, if you look at last year's cinderella story for the stock, this year more competition from of course gm, ford and international players as well as china i think china has been a major overhang we saw stumbles from a demand perspective. and to me, really this is as you get into the next one to two years, i think it is a four digit stock because this continues to be the best way to play ev along with the broader supply chain and now it is getting built out, this is part of the green tidal wave >> and there we see tesla shares again up about 2% year to date trading around $720.

dan ives with a $1,000 price target reminder of how important this berlin factory will be dan, thanks so much. we appreciate it and that does it for us here on "the exchange." but "power lunch" starts right now. >> kelly, come on here here she comes, she is running welcome, everybody kelly made it. here is what is ahead. sector triple play, retail, semis, biotechs all play pivotal roles and present new opportunities for investors. we'll break down the stocks that our guests say are worth buying now. >> and delta variant is forcing manufacturers to shut down, we're seeing some empty shelves in some stores we'll speak to a grosser in the south about who is experiencing this first >> i saw this in my local market on wednesday night i went in, and it looked like -- i thought are you guys going out of business or something it really was amazing. and bizarr