wondering what actually goes into your multivitamin? at new chapter, its' innovation, organic ingredients, and fermentation. fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done. it is 5 a.m. and here is your top five at 5 as investors look to sell stocks. futures under pressure crypto coming off a big drop on tuesday. another day, another fed chief talking taper. jim bullard hitting on winding down the central banks, easing money policies. more taxes ahead democrats rolling out a plan for a number of new hikes some going right after your investments. not so friendly skies. brewing tension between american air lanes and its pilots lines

to potentially boil over all as travel continues to boom. your morning rbi as millions of you pack up and move. surprising spots of what you are now calling home it is wednesday, september 8th and this is "worldwide exchange." well, good morning, good afternoon or good evening. welcome as always from wherever in the world that you may be watching i am brian sullivan. thank you very much for joining us there is a lot going on in a number of different parts of the market today first, as always, the stocks futures, they are down again right now. in fact, dow futures are down triple digits. up .3 of 1%. fair value has them up by 1 point. dow falling 269 points on tuesday to kick off the holiday shortened week saup hitting the session

slightly lower nasdaq as tech tends to do closing with a new high. days after labor day do tend to be volatile. historically they often see selling at least one day in following the historical norm. no group got sold off more on tuesday than the cryptos bitcoin tumbling more than 10% at one point after breaking above 52,000 late monday, that's its highest level since may. a lot of up side mow men tum and then a big drop. surp surprising, too, because el salvador adopted bitcoin as legal tender right now we are seeing more selling. bitcoin down 1.7%.

meantime, it was a mixed session in asia. japan's nikkei leading up nearly 1% they revised their second quarter gdp higher they said again, you go, japan japanese stock market is now more than 8% in just one month japan red hot. in europe, their session there falling lower. all the major averages in the red. as always, more on the markets and your money let's get a feel for the big stories out there on wednesday congressional democrats are weighing several new potential tax hikes. they'll cover the cost of their $3.5 trillion social spending plan senator ron widen has proposed taxes on mark to market taxes.

wyden's proposal expected to get some push back jim bullard is speaking about rolling back the massive stimulus program the feds should move forward with a plan to begin winding down that program dismissing concerns the labor market recovery is faultering a bit following friday's disappointing jobs number. there is plenty of demand, bullard argues, for workers. there are more job openings than there are unemployed people seeking work in the united states the jolts number, job opening labor turnover survey, we'll get more on that the union representing american airlines pilots says it is making plans to protest the airline at its major hubs this fall the union cites over things like scheduling, fatigue, a lack of hotels for crews, potential for

more summer moves. the union representing southwest pilots by the way said it is considering a similar move over those similar issues unions for both airlines' flight attendants have complained about the problems as well let's get back down to the markets and your money as bubbling concern about a potential correction linger out there. morgan stanley says markets are priced to perfection vulnerable remember, there has not been a pull back of more than 10% since the march 2020 lows. morgan stanley analysts now see a decline 10 to 15% before the end of the year. let's find out if your first guest disagrees or agrees. erin gibbs president and cio of gibbs wealth management. great to see you good morning do you think we should or will have a 10 plus percent correction by the end of the year >> i think it's certainly

possible mainly because since we had this one up where we haven't had any spending above 10%, what's been going on is there's been a trader off in leadership, it went growth for six months, value and then growth for six months the conditions that would lead us to let's say another leg of value leading for another six months and keeping that average up, the broad market up really aren't there we don't see a big jump or a big indicator in some of the yield curves, though certainly 10-year has improved we don't see as many inflation fears. the market has really taken that in stride. so it is possible maybe that value will come up to play and it will push us through another six months despite any worries about economic recovery being a lot slower and more defensive stocks will keep the market

going up enough. it is a question and looking to see whether they'll see the leadership transition or whether we'll finally take a breather. >> would it be healthy if we did get one, erin? the longer we go up, up, up like this, the more people tend to get nervous? >> i don't know if we need a full 10% correction but a buy would feel good to me. just looking at valuations, that would bring us at least to the sort of new norm of highs and if you do adjustments for how analysts are underestimating estimates and underestimating growth, it would bring us into a more reasonably priced area. and also just having one more quarter's worth of earnings come in, we get a little bit more sure about what kind of growth we're going to see particularly for 2022 i think that kind of consol

consolidation, not that we have to go down but go sideways, we have to learn how fast is this economy going to take to fully reopen when are people going to go back to work? when are people going to let their kids go to school? one quarter of the population with kids can go back to work. so i see some definite risks out there for the next three months. >> yeah. in the northeast all the kids, not all of them, most of them, are going back to school this week the expanded federal unemployment benefits rolled off monday so things could change dramatically in the next 30 to 60 days. let's talk about investing you've talked about core investing strategy meaning you're not going way out on a limb with super growthy or deep value stocks at four times earnings you're looking for the deep spot which is why i was confused as to why amazon is one of your picks. isn't that kind of way out on

the right side of growth >> what i'm talking about is almost doing a barbell approach where you're able to take some of your best growth, i'd like to say growth at a more reasonable price and then some of your traditional defensives which could be a little expensive and ultimately you end up with a core portfolio really looking at your overall portfolio, making sure you have exposure to both as you see, we've finished the third rotation from growth to value to growth. like i said, i'm not entirely sure if we're going to strip back to value. i'm basically playing both fields and seeing that i have my foot in both potential leadership roles but still being concerned about price. amazon really has been under performing the market just up until they finally broke out in july so that's when i really started to look at it and say, oh, here's where we're finally

coming up and this recent dip for me is the sweet call, sweet space to say, okay, it finally broke out of its trading range this is where it's going to grow i see amazon being able to grow at or above economic recovery. yeah, it is at a reasonable price. >> on the other side of that as well is a name we don't talk about much by the way, we're talking about infrastructure that is a name like vulcan materials. you went from amazon and all their trucks on the road to a company that helps make roads. >> so here's the barbell approach, right. this is materials. they should be done well they care not if we have an economic slowdown or not one thing that's slowing down is construction whether it's roads or housing these are the guys that sell you all the materials. so this stock has really been keeping up with the market for

the past six months. again, it's come down a bit but i think this is the one that is on the more defensive side and will do well over -- towards the end of the year and if not further on as your otherend of that barbell approach and making sure you've got exposure to both potential leadership >> erin gibbs, gibbs wealth management amazon, vulcan materials erin, a pleasure to have you on. have a good day and a great week thank you. when we come back here on worldwide exchange as we are getting started, we are going to turn to the covid story, right to the source. asking the head of one of new jersey's hospitals what he is seeing and what he expects also. what are the real odds of the so-called break through infection. plus, your morning rbi and big money movers including paypal and microsoft adding to a record year for m&a as the deal makers and deal lawyers just keep getting richer and richer.

and it is a special wednesday edition of the top five insider buys of the week. your exclusive look at the company exec timps buying up the most of their company's shares and one of the month long shopping spree and one of the single biggest buys we have ever seen it's in a new namend a we'll name it for you coming up. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat.

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movers this morning it's five usually it's three it's inflation five stock stories you ready? let me get a sip of coffee i'm kiting citrix systems wall street journal reports giant hedge fund elliott management has built up a more than 10% stake in the company and pushing it to take action to boost the stock price. citrix in a hot market down 15%. back-to-back disappointed earnings numbers including guidance cuts as well. stock number two, coupa software sales did jump on growth of subscription revenue coupa raising its guidance stock up 6%. stock number three, canada goose. the outdoor closing company with thousand dollar jackets was fined by chinese authorities and

criticized by state media for allegedly breaking the country's advertising laws stock number four, paypal continuing a red hot trend buying japanese buy now pay later firm payde for $2.7 billion. online shopping volume has more than tripled in the past decade. more than 2/3 of all purchases are still made, get this, with cash certainly last but not least, microsoft. it is buying clipchamp for an undisclosed amount who is that? they make video editing software clipchamp the ninth company microsoft has bought this year wow. all right. still on deck, no cashier? no problem as amazon wants to make it easier to just grab and go but this time at whole foods.

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let's get a check on some of

the other headlines and a very powerful earthquake hitting new mexico >> 7.0 earthquake. it happened north of acapulco. it shook buildings 200 miles away in mexico city. popeye con britney spears may be one step closer to getting her life back. jamie spears filed a petition to end her daughter's conservatorship. brittney's circumstances have changed, quote, to such an extent that grounds may no longer exist. and it is finally the day that the captain gets his moment in coopers town. derek jeter is being inducted into the baseball hall of fame today after the class of 2020's

induction ceremony was canceled last year due to the pandemic. the yankees legend played 20 seasons in the bronx this is the cherry on top of a fairy tale career for derek jeter. >> i'm not a yankees fan, phillip. i don't think you are either. >> no. >> i have to say watching the late '90s, early 2000s team, jeter, captain clutch always seemed to come through part of that, congratulations, well deserved honor. >> that's right. i agree. >> except the only team that had a winning record against them was my angels. time now for your top trending stories including a house made out of a rather unique material, high priced art hanging in it and a record number of people heading out to the movies bertha coombs here with more on these trending stories bertha >> reporter: good morning, brian. yes. a house in brooklyn made of shipping containers has just

sold for $5 million. the house was completed in 2016 and was constructed from 21 containers it spans 3500 square feet with four floors, five rooms and what the listing describes as new york city's last permanent wood burning fireplace. and if you're looking for some multi-million dollar art to put up in your $5 million container home in she can brooklyn, you can't get she iker than the brooksy painting the piece sold for $1.4 million. this time it could go for between 5 and $8 million something physical, right? it's not an nfp. amc has surpassed 2019 levels for the first time. the holiday weekend saw 2 million people watching movies in one of the chain's theaters

highest labor day numbers in the company's is try adam erne pointed to chang chi as the movie pulled in its own labor day record of $90 million. maybe it's not a meme after all, brian? >> i went to the movies recently with my son saw "jungle cruise." not going to rate the movie because -- >> how did you like it >> i don't want the rock beating me up. i will say this about that house. we talk a lot about shipping container costs. awesome house. they should just disassemble it and put the shipping containers back on the market they might make more money. >> i think it looks nice it's great. >> it is cool. >> it is brooklyn so in brooklyn -- >> it's a lot cooler on the inside. >> 3500 square feet in new york city is kind of unheard of

>> yeah. like a full house, too by the way, if you have a lot of listeners on xm saying i wish i could listen to the house. check in google $5 million shipping container house would you buy it, bertha, if you had joe kernen type money? >> i don't know. i really -- i'm a manhattan girl i live close to the river. i live close to the park i really like being able to just walk a few blocks in either direction and get to green and to water >> well, that's true in fact, i don't know if you checked your messages. i met some people that know you from the adirondacks yesterday randomly you know bertha coombs she's awesome. >> a lot of green. i agree. i agree on all we'll see you in a few minutes thank you. really a small world and a big forest all right. still on deck, apple investors mark your calendars.

apple sending out invites for its next big event and could be getting a new iphone from it. speaking of apple, they have podcasts we have a podcast. bring the two together follow us on apple or spotify. dow futures back 105 we're back right after this. your doctor gives you a prescription. let's get you on some antibiotics right away. you could have it brought right to your door, with free 1-to-2 day delivery from your local cvs... or same day if you need it sooner but at a time like this, aren't you glad you can also just swing by to pick it up? and get your questions answered. because peace of mind is something you just can't get in a cardboard box.

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dow futures are down exactly 100. will tech ride to the rescue once again it might we'll update you on the markets. as covid cases rise, the white house under new pressure it's rolling out a new strategy. we'll hit it speak to the head of one new jersey hospital about what your real risks might be of a so called breakthrough infection. just grab it and walk out of the store legally. amazon is bringing its cashless technology to whole foods. it is wednesday, september 8th and this is "worldwide exchange" right here on cnbc welcome or welcome back. good wednesday morning, everybody. i am brian sullivan. thank you very much for joining us here is how your money is shaping up on this wednesday the futures, they are down but i'll give you some good news they're not down as much as they

were when we woke up trust me, that's early dow futures down 98 points they were down over 200 earlier in the session the dow falling 270 points the s&p slightly lower but as we said, big tech, it continues to roll nasdaq was able to eke out a small gain and of course closing out a new high as you have heard from many guests no doubt this week, particularly after labor day, this week shortened, often volatile and often sees selling. you have lower volumes so any moves are exacerbated. it's only a trend which is not a trend. no group got sold more on tuesday than the cryptos bitcoin tumbling nearly 10% at one point and of course after breaking above 52,000 late monday that was the highest level since may. the action coming as el salvador adopted bitcoin as an option for legal tender the first country to do so

right now we're actually seeing kind of like stock futures, they were -- cryptos were down a lot more about two hours ago they're even down more bitcoin down 1.5 lithe coin a little higher maybe you're seeing a bit of a turn in stocks and cryptos this morning. time will tell check out shares of coinbase the sec has threatened to sue coinbase if the company moves forward with a program allowing users to everybody interest if they lend their assets crypto will delay the launch of the lend product until october they raised concerns that allow crypto users to lend out in return for interest. arguing they would not comply with certain security laws coinbase argued the product is not a security

fight it out and we'll see what happens. let's see what's happening in the european markets. get your trade get some of your top stories julianna tatlebaum in our london newsroom with a trade. i saw your insta post, tweet 10-year anniversary. >> hopefully you've got me there. we've got red across the board here in europe this morning. we are tracking very similar moves to what you're seeing in the united states. we've got red for every major region here in europe. the losses have accelerated from yesterday but it is worth noting that we have bounced off the absolute lows of the morning so perhaps investors have found a floor. we have the cac 40 in flans down 1% the german index under performing 1.2%. in the u.k. the ftse 100 down 1% from a sector perspective we have broad base losses

travel and leisure interestingly up .4 of a percent we saw ryan air ceo this morning providing a bit of a boosted sentiment. auto's the key performer down 1.7% and industrials and media we are keenly waiting the european central bank meeting set to take place tomorrow the key question there is how the central bank delivers what we expect to be a dovish message when they plan to scale back asset purchases. like in the u.s., we are closely watching the european central banks for comments around the central bank brian, back over to you. >> jumly anna, thank you very much kind of a flip of what we've seen in the last couple of weeks. let's get a look at this morning's other top headlines and stories.

bertha combs back with those what are we watching on this wednesday? >> well, brian, i don't know if you've ever been to one of their take and go stores amazon is bringing its automated car earless checkout technology to two whole foods stores, one in d.c., the other in california shoppers can enter by scanning an app and leave without standing in line customers are charged for the goods when they exit. dallas fed robert kaplan made stock trades of $1 million or more last year citing financial disclosures provided by the dallas fed. kaplan's moves are in contrast with other regional fed leaders who made more modest holdings and transactions he is a former vice chair of

goldman sachs. the journal says among kaplan's holdings, amazon, boeing, alphabet, facebook, marathon petroleum, alibaba, ge, chevron and apple. speaking of apple, the company hassett a date for its next launch event. the text giant is expected to unvam the latest version of the iphone and watch and air pod models brian, always a highlight of september, isn't it, that apple event? >> i'm waiting for the iphone 72 that automatically teleports me to an amazon go store. >> it's a strange experience i can't imagine doing a big grocery shop i have grabbed a couple of

things i can't imagine doing my whole groceries. >> i saw one in san francisco when i was there small, about the size of a 7-eleven or something. i thought, this is weird cool but weird. >> yeah. >> of course, the phone knows all, right they know what you're buying a little weird bertha, thank you. turning now to the covid pandemic as a new study out of the new jersey hospital association shows that unvaccinated people are now six times more likely to end up in the hospital if they contract covid-19. number of hospitalized patients remain over 1,000 in the state new jersey is seeing some of the highest number of covid deaths per capita in the country. governor phil murphy also saying out of the 5.6 new jerseyians fully vaccinated, just over 1,000 tested positive for the virus. 98% of those people stayed out of the hospital. 68 fully vaccinated people died

overall. so the numbers and the so-called breakthrough cases are incredibly small joining us is an on the ground look, sharif eldahal i've been diving into the very -- we tonighdon't have a l data on vaccinated cases that end up in the hospital massachusetts does, king county washington and the state of michigan that's all i've been able to find i've published some data the numbers i came out with that out of fully vaccinated in michigan, your chances of ending up in the hospital are .005% they're not zero but they're very low does your anecdotal study of your own hospital, your patients indicate that if you're

vaccinated, yes, you might get a case, but your outcome is likely to be good what are you seeing, doctor? >> thank you so much for having me so, yes, it's very much the case that we are seeing many fewer people who are fully vaccinated come to our emergency room we have a few cases over the last few weeks where folks fortunately were positive for covid-19, admitted to die despite having been fully vaccinated the chances are much, much lower if you're fully vaccinated it's very important to caveat around break through infections. however, if you are over weight, if you are older, if you have co-morbidities, that risk of having a much worse outcome if you contract covid-19 is greater. that's the profile of folks we're seeing admitted to the hospital now despite being fully

vaccinated with covid-19 >> yeah. and it's a hard thing to talk about on tv. i'm going to tell you straight up, doctor you don't want to seem cold. i don't want to come off as cold or dispassionate i have elderly parents i have a 93-year-old uncle who's been in and out of the hospital. i want everybody's family to do well, but i do wish for the public's sake we got more knowledge -- the cdc doesn't publish this anymore nor whatever reason, only some states do. there's a group of people. oscar della who i yeah vac sip nated. you thu everybody is getting ill. can we do a better job, yeah, there's risk if you're 89 years old or severely over weight, do you see what i'm saying without sounding

cold or mean >> i think it's a really important question what are the risks that actually make you much greater likelihood of being admitted or having a severe case of covid-19 despite having full vaccination? it's the usual suspects according to what we're seeing in our hospital. one important point to mention is there isn't necessarily standard reporting across the country on even the vaccination status of people being admitted with covid-19 now. it's not as detailed i think we're seeing more breakthrough cases throughout the state of new jersey. while 75% of folks hospitalized are unvaccinated, that means 25% or so have at least one dose of a vaccine. that is a greater rate than just a couple of months ago conversations happening nationally around boosters

couldn't happen. i think we need it the elderly in our community in new york and folks with co-morbidities need a booster and it can't come soon enough. >> yeah. again, i don't -- i'm not a doctor i do dive into the data pretty deeply i don't want to make any assumptions. as we look at thement different outcomes, it might be the ones who got the vaccine the earliest and it's looking like eight-month time line for reduced antibodies you're the expert. would you agree with that? >> well, what we know from press releases from company statements, the companies assert six months is the time that you should get a booster but i do think the federal government is going to go with eight months. they're going to start

sequencing it based on the data submitted to the fda i think what we'll see later this month most likely is an approval, authorization comes through. i hope that the fda or cdc think about allowing folks that didn't take pfizer the first time around can have a booster so we can vaccinate sooner rather than later with the third shot. i do think that in conjunction with the delta surge, the fact that we now have a version of covid-19 that is more than twice as good at spreading from person to person than the original virus that filled up by hospital about a year ago or more at this point is concerning. that speaks to the urgent need are you seeing less reticence? this is off of the july lows,

doctor. >> we're seeing folks get vaccinated every single day in our community. we're going out and going door to door, canvassing, having the conversations about side effects and some of the misinformation that folks are seeing on social media and still getting folks to show up to the mobile vaccination events all at this time later i think it's important to understand that the essential task of vaccinating the unvaccinated at this point has never been more important. the whole concept of herd immunity relies on additional people that haven't gotten the vaccine to do so rather than the task of giving a booster to folks. so i think that's a really important point to make. >> well, i can't tell you how important it is for you to have us on because you're offering real world information not just numbers on a computer screen or article on a paper doctor, we appreciate you getting up early for us. thank you very much. all right. coming up, follow the moving

truck. new numbers on where americans have been moving and what they might tell us about the future of the american economy. the top five places we are moving some of them are surprising. that's next. first, as we head to break, some of your other top headlines this morning a big hire by ford they have hired a former tesla and apple executive in doug field. he will run the emerging technology efforts the white house with a stopgap bill funding the government. this comes as congress funds a trillion dollar funding bill the democrats $3.5 trillion budget reconciliation package. the governor's budget ends on september 30th hurricane ida, the lower mississippi river is once again open for shipping nearly a week after being closed, however, some grain experts are struggling with terminals in southern louisiana because of

power outages. peak grain export season is just weeks away louisiana is home to the busiest export but the outlook on things like corn and soy beans. now you know knowing is half the battle we're back right after this.

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your morning rbi today has to do with geography, specifically the new geographies. of course, many of you are moving or have moved

we know that a huge number of folks have moved in the past year we also know that many have generally gone either south or west or maybe a combo of both. but where exactly are they going? we're starting to know more. moving app firm updater with 1.5 million moves and axios looked at the data. here are the top five cities with the most net in bound moves, i.e.,, more people moving in than are moving out number 5 is dallas number 4, maybe a little more surprising savannah, georgia. gorgeous though kind of a relatively mid-sized city. number 3, not surprising, denver everybody seems to be moving to denver if you're not moving to number 2, that is vegas, baby vegas. las vegas with the second most in bound moves of course, maybe not the area you think of, talk about florida. the most in bound moves according to updater is orlando.

orlando seeing a huge net in bound move ratio a big jump from last year's rankings 6 of the top 20, we don't have time to show you all top 20 were in florida only seattle, redmond, washington, portland, oregon, were cities in the northern part of the country we want it warm, maybe we want it new newly built and shiny. orlando, most net in bound moves over the past year even if you visit universal. i'm told it's cool random but interesting. all right. on deck, a rare wednesday edition of our insider buying segment including one of the single biggest insider buys we have ever seen and it's in a new name we'll show it to you and name the stocks coming up if you have not already, follow our podcast on all of the major podcasting platforms dow futures coming back a bit.

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we're back it is a special wednesday. we're going to bring you our weekly insider buying segment. normally we do this on fridays with vacation, schedules we wanted to bring it to you these stocks have seen the most insider buying by their own executives and as we have noted they have largely outperformed the broader market in the past year insiderscore.com down five to one most insider buying a lot of top fives at 5 a.m. the fifth most insider buying is primorus services. who? dallas based contracting firm. directed by $246,000 worth of that

number four, the coo of fireeye buying $466,000 worth. he has been a buyer all month long of feye stock number three, cyxtera tech, cyxt again, a former spac from starward value partners. director buying 780,000 worth. now the numbers get big. second most insider buyer, select quote the coo buying just over 2 million worth. by the way, his brother who is an executive is buying as have the ceo and the coo. so there's been a big buying spree but at least four executives at select quote that is a name to watch. the most insider buying this week, cano health, a massive $14 million buy by the ceo marleau

hernandez buying 14.3 million shares fernandez, the founder of the company. that is a name to watch. a massive -- i think it's the second biggest single insider buy that we have seen in the year or so plus we've been doing this i feel like i'm reading greek mythology. top five insider buys this week on a rare wednesday edition. let's stay on the stock story and talk about a guy who knows something about stocks and says there are still some areas of the market that are attractive and he is here. he is david katz of matrix advisers before we get to that, do you look at insider buys >> we do it's a very good tell in terms of buying. that list you laid out was pretty impressive. a lot of buying.

there's more buying at this point in the cycle the market's up a lot, but there still has been a lot of buying, less selling that's a bullish sign. we'll look at two of those >> thank you for that. i had no idea what your answer can be now i can stop sweating. i appreciate it. thank you. you look at individual names, finding opportunities but do you have a macro market view right now, david i just focus on companies. a lot of nervousness bubbling out there. morgan stanley saying you might have a 15% correction. do you have a macro view now >> we're bottom up guys but we have a macro view. we think the market will be higher over the next 6 to 12 months now is not the time to be speculative. you really want to pay attention to fundamentals. you want to pay attention to valuation. don't get caught up in the craziness of the day

the 100 pes. the meme stocks. we think cryptocurrency is a disaster waiting to happen there are things we wouldn't speculate on we think there are areas if you have a 12-month time horizon, you can make reasonable money in the stock market. >> i was reading some stuff, the hot money for the meme stocks has gone into nfts, some of the bricks and other things people are doing that are more difficult to understand. let's go to something you do understand, bottom up stock picking. we know you love dividend pairs. dividends don't get as much love as they should nor does bank of new york, bk. why not? >> bank of new york is a good company. good long-term prospect. interest rates are going to move up and bank of new york is a direct beneficiary we think this stock easily should be 20 to 30% higher very low risk in the meantime.

>> gis as well, general mills. big company. everybody knows their product. i watch cnbc all day long and it's not a name i ever see come up what are you seeing out of the minneapolis company that you like >> consumer staples is like watching paint dry they've really had a fairly miserable 12-month period. they normally sell at a premium to the market or at least at a market multiple. the whole group is now selling at a decent discount to the market general mills has reasonably good long term prospects 3.5% yield 15.5% earning. when the market slows down this will be a good place to make money and be more protective we like others in the group like kellogg or coca-cola as well. >> sometimes watching paint dry is fun depends on what you're doing finally, truist. a name we see a lot advertised

but it's the combination of sun trust and regents -- >> and bbt. >> that's right. thank you for correcting me there. >> sure. >> all of these new, fancy names. you think the stock is, again, kind of underloved. >> they're doing everything right except changing the name which we take issue with now you're changing the ceo in the next 12 months we think that's going to be very good for the company very, very attractive valuation. the southeast is one of the fastest growing areas in the country. when interest rates go up, we think it's a great place to put new money. >> bank of new york, general mills, truist financial. david katz, great names. have a great day thank you very much. folks, thank you all for watching or listening if you're listening to the podcast tonight. qul e u moow "sawk" is next

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good morning stocks mixed under a little bit of pressure cryptos though being hit after big problems yesterday volatile trading we'll show you what's moving tempers flaring -- no, tempers flaring at 40,000 feet after another summer of air rage pilots planning to picket and we'll show you a list of their grievances plus, opening arguments begin today in the elizabeth holmes fraud trial. tabloids call it blood money we'll tell you what to expect, wednesday, september 8th, 2021 "squawk box" begins right now.