win tickets to see watch what happens live. hey! it's me. the longer you've been with us... the more rewards you can get. like sharpening your cooking skills with a top chef. join for free on the xfinity app and watch all the rewards float in. our thanks. your rewards. it's 5 a.m. at cnbc here is your top 5 at 5. big day for big tech one industry titan buying back 60 billion of its own stock. one of the largest share buy backs ever it's not apple but apple is hoping for love after rolling out a bunch of new products. will investors care. big trouble in little macao. will your kids get the jab they're going to ask for

approval for kids 5 months old and up instagram with a scathing report on how they know instagram is harming the mental health of kids around the world and have done almost nothing about it it is wednesday, september 15th and this is "worldwide exchange." well, good morning, good afternoon or good evening and welcome from wherever in the world you may be watching. good wednesday morning i am brian sullivan. thanks for joining us. the facebook story, very serious and important one coming up. all parents need hear it and you will in a bit. first, let us hit your wednesday morning. coming off a 300 point drop in the dow. we are seeing a little green i mean a little. dow futures up 69. nasdaq up 52 it has been a bit of a rough run

lately if you are keeping score at home, the dow is down nearly 6 of the past 7 sessions same with the s&p 500 but as always, context is key the s&p 500 is still up 18% this year most investors have made a lot of money still, crypto, had a good day on tuesday. here's how they all look right now across the board in what's been, what's new a volatile couple of weeks bitcoin at 47,100. ether at 3399. one of your big money movers this morning, the biggest money mover is microsoft it is unveiling a $60 billion stock buy back and it is raising its dividend by 11%. microsoft shares already up 35% this year. wow. microsoft up just over 1% of the pre-market we'll have more on microsoft a bit later on this morning. let's go now around the world.

the asian markets closing lower across the board in fact, hong kong down nearly 2% chinese retail sales coming in at 2.5% in august, well below 7% estimate and in europe it is mixed, too well, mostly lower u.k. inflation hitting the tape this morning up 3.2%. biggest jump on record seems inflation is not just here, it is, indeed, a global phenomenon all right. let's get back now to china in a moment and the major developing story happening now. $14 billion in market value wiped out overnight. trading in asia and macao casinos coming under heavy selling pressure las vegas sands china and wynn macao seeing their steepest single day drops on record galaxy entertainment seeing its single biggest day drop in a decade look at that, down 32, 28, 20% these are huge moves overnight for major companies.

eunice yoon joining us from beijing. look at the crackdown on the casinos. eunice >> reporter: thanks, brian macao authorities are reviewing the house rules of their casino industry the macao -- the gaming capitol is essentially a second home for a lot of these las vegas titans that you've mentioned, brian, like the sands, the wynn as well as mgm and macao opened a 45 day public consultation today the authorities said they're going to assess the number and duration of casino licenses, whether the level of supervision of the license holders is sufficient and if there's a need to install government representatives to oversee their day-to-day operations. so beijing has already been tightening restrictions on gambling worried about illicit capital flows. also the backdrop of it all with beijing cracking down on so many

sectors has led some investmen banks such as jpmorgan to downgrade macao gaming stocks. jpmorgan downgraded macao to neutral or under weight. the officials there have already been trying to diversify this industry they want the economy to rely on other elements so in fact the authorities said they're going to institute new rules to try to make that happen by promoting non-gaming elements and also to protect workers as well as social responsibility. now the government is also proposing additional rules on the transfer and distribution of profits to shareholders, and brian, you had mentioned how the stock prices of these companies in the u.s. took a beating up here as well. a lot of that is because these companies derive plenty of their revenue. in fact, about 70% for the las vegas sands and the wynn resorts from macao so a lot of money relying on the

revenues that are made in macao and macao is going to be reviewing its licenses, like i said, six casino licenses in this chinese territory are set to expire in june of 2022. brian, again, a lot of this lack of clarity is making people very, very nervous about what's going to happen next >> these are huge drops. 25 and 30% overnight on this eunice, on a broader scale we have seen a crackdown on big technology alibaba and others we have seen the government mandate no more than three hours of video games for teenagers during the week. we've seen the crackdown on banks and casinos. from a macro perspective, what is the goal of beijing what are they saying about sort of their broad take on how they are going about regulating businesses in the country right now? do we know >> well, i mean, it's a lot of different reasons, right so we have kind of the top line

message that was coming from president xi jinping that he wants to see common prosperity he wants to make sure he's able to kind of narrow that wealth gap which a lot of people see as a threat to a social stability also to, you know, protect workers. make sure there are some of these long overdue regulations that haven't really been put in place. well, now the authorities are saying, yeah, we kind of need to do that. with worker protection, worker example data there's been a lot of complaints for several years that data hasn't been protected as much. the government is saying depending on the sector, this is what we're going to do however, because there isn't a whole lot of transparency here, that leads to a big concern about what the true motivations are and then of course there's the whole livable effect on the economy. in fact, we had economic data which showed the economy was worse than expected. the retail sales numbers and industrial output numbers to consumers are getting nervous. beijing is advising that people

don't travel overseas during the national day holiday which is coming up in october and that can potentially affect the numbers in macao as well >> yeah. a highlight again for our viewers what is happening overnight because i think, eunice, fair to say this is or should be the top story on cnbc all day long 25 to 30% drops in market value for $100 billion corporations. i mean, i'm not sure i've seen something like this -- >> yeah. >> -- on a broad scale in years if not ever outside of things like the first couple weeks of covid or the financial crisis. these are massive moves for massive companies which i'm not sure our viewers fully understand they've been to vegas. this is far larger than las vegas, correct >> yeah. i mean, it's huge. like i said, 70% on the revenues derived from macao for some of

these companies. this is a -- you know, macao has been seen as a place where gaming had a huge future it was going to be one of the places that attracts not only chinese to come gaming but also people from all around asia. so the fact that you have these new regulations coming in, the prospect of having government representatives potentially overseeing the day-to-day operations of mgm, for example, or sands, i mean, all of this is unclear at the moment. maybe it's not going to be that bad, but i think the whole point is we don't really know and that's one of the reasons why you're seeing the massive selloff. >> yeah. and massive selloff is not tv hyperbole. look at the numbers. it is a tough day there for stakeholders, casinos. eunice yoon, big story there once again thank you very much. wow. let's turn back now to the broader markets. in a market that has been going up for what really seems like forever. finding the moment to sell can be tricky for investors even in

a bull market there are still opportunities to take profit joining us now with his thoughts on maybe something we don't talk enough about, when to sell, is kevin simpson from capital wealth planning. kevin, i mean, welcome back to the show i don't know if you own any of those china casino stocks, do you? fwhoeg to sell in china right now has become nearly impossible because the headlines happen overnight. wipe out a quarter value >> brian, thanks for having me my mentor taught me 30 years ago not to invest overseas he said you can lose enough money in the u.s. so stick with what you know. we're not investing in international names. look at the declines what a horrific display for equity investors that hold these names. it's a good segue to our topic it's so easy and fun to buy but how hard and difficult is it to know if and when to sell the four reasons i buy and sell

stocks, maybe that can be swhaf -- somewhat of a take away. the first thing we do is sell covered calls. we sell out of the money covered calls. we'll get a stock covered away you're selling something higher. we're contractually obligated to do so. the second rule which i think everyone should use is rebalancing. good old-fashioned rebalancing we allocate only 5% in any one name as we're seeing with some of the chinese gaming stocks, you never know what can happen we want to risk budget, spread our risk, high percentage with any one stock. if they grow to 7 or 8% weighting, we use old-fashioned rebalancing, we trim it back. >> before we go to 3 and 4 because i think these are very important lessons. we always talk about buy, buy, buy. when to buy. when to sell is incredibly important, too i want to go back to that covered call it is early. might have new viewers, new

investors. explain to us quickly and of course in a tv way, what a covered call obligation might be what does that mean? >> as quickly as i can use the analogy, we're selling some on the right to buy a stock on us at a predetermined price much like a lease option in real estate so some people will put in a sell order and pay if the stock gets to x price, we'll sell it in a covered call you're doing something very similar you're agreeing to sell something you own for a price higher than it is today but we're compensated for it very similar with the lease option in real estate. it's like a rental contract with a lease option to buy. how is that for a brief analogy? >> listen, i thought it was very good because, again, you don't necessarily always have to sell a stock. you can write that covered call against it but then the call gets, well, called and then have you to sell. let's go back to 3 and 4 on that discipline of knowing when to sell and of course this all comes back to what you and i have talked about, kevin, which is a

relationship you buy a stock. you make money in it you kind of love it, right it's like a relationship between you and the company but to be a disciplined investor, you've got to take the emotion out of it. >> you can't be more right because it's so difficult. you've made this investment, you've researched it you want it to go up you never want it to go down the reality is as professional traders stocks do go down. when they do, you need to be prepared to keep those losses to a minimum. for me, if the stock cuts or suspends a dividend, more times than not i look at that as a weakness in the underlying company or environment remove the stock immediately regardless of that emotion the fourth reason which everyone can benefit from is looking at relative performance very specific to the stocks if we own a name and it's underperforming the peer group or sector by 15 to 20%, we have to acknowledge that the economics of the company may have changed somehow or it

wouldn't be outperforming or underperforming its peer group we remove it from the portfolio. we can figure out what's wrong later. the challenge for investors, boy, do i sell now go back up what happens what if? you have to remove the what iffeifs and the emotion. the best portfolio managers are those that can manage risk and navigate the down side if you can do that successfully, the up side will always take care of itself. >> it's a good lesson, kevin these are good rules people should print them out, put them up next to their computer, smartphone, whatever because we always talk about when to buy. it's knowing when to sell, take that money and running is just as strong of a lesson. kevin simpson, capital wealth planning real plesh tur have you back on. good stuff thank you. have a great day. >> thanks, brian have a great day. when we come back, it is not just casino stocks getting slammed. the name of another stock

getting hit hard overnight the mystery chart that will be revealed. if we get a big infrastructure bill or bills, a lot of under the radar stocks could win big. we'll lay out some new names ahead. then digging in for one of the biggest stock buy backs of all time it just happened microsoft, 60 billion. wow. dow futures 4.up 6 we're back after this.

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welcome back time for big money movers. three key big stocks stock one is pfizer. it expects to apply for emergency use authorization for covidvaccine for children as young as 6 months old. that will likely come in november speaking at the morgan stanley conference, the ceo says the time line assumes all of the data is positive yum food china will take a hit of up to 60% because 500 of the locations in province of china were closed at the peak of their latest outbreak. stock number three is crocs. sales will jump 5 billion in the next few years. as congress closes in on potentially signing a big infrastructure bill, we are seeing signs of america's needs

firsthandedly. the safety of the power grid, the need for better water management and infrastructure and so much more the companies that do this kind of work are not household names, maybe they should be joining us now with more on this big story katheryn, welcome. you got me with the animation there. i didn't know that was coming. it's good to have you back on the program. unfortunate all of the storms and everything we've seen water damage, we have seen electrical grid damage. talk to us about a name i'm not familiar with and that is four and main and what they do around water and what you see as an opportunity there. >> if you were looking at a name that benefits from infrastructure and climate change, four and main is the perfect name you have set up for that it was previously owned by a private equity firm and it went public, not through a spac

it is a legitimate ipo that went public a little bit more than a month ago. what they focus on is the water infrastructure the three main markets that are important. residential, nonres and municipal or public construction you were talking a little bit about the infrastructure bill. a lot of people focus on roads and traditional infrastructure this development is adding water to that. given the storms, brian, that you've had to deal with the aftermath of that, water in infrastructure is key. it benefits from an infrastructure bill but also the domino effect what's happening in the current world, a population shift in res, nonres. >> core&main

katheryn, you've got kids, we're friends. i have a teen driver i was whining to my wife about the cost of car insurance. well, legally we have to have a certain amount of coverage basically, they've got us. we don't have a choice when it comes to this so we have to pay and that's kind of part of your thesis around apg which is api group. a lot of their businesses are mandated by regulation you've got to love a company where a government or government says you need to do that >> yeah. absolutely so if core & main is tied to construction api follows up when that construction is completed it's meeting regulations. it could be a gas station or it could be a water infrastructure project that core & main just completed. it's a name we picked up on the part of the covid.

the thing that we like about it, like core & main, it throws off a ton of cash. it has a very regular revenue stream which is great for those who are looking for asset. it throws off a lot of cash and has a lot of visibility with revenues. >> let's call the word of the day, katheryn, bohemoth meaning large or outside, whatever it means and you talk about free cash flow. you have called ferguson, ferg, a free cash flow bohemoth. you see a lot of up side in this company. >> yeah. so at ferguson, when we get coverage of that, this is in the summer of 2019, it was the largest name no one had ever heard of that was in part because it was wrapped up in a company called wo woolsly and what it was left

with is ferguson it's larger than foreign made as a larger diversification it gets a little bit more into the residential side once again, that's a name that it is for a larger cap investor. it would be a great focus. it benefits from all of the things that we've talked about and, again, having a squeaky clean balance sheet, less than one time lever throwing up a lot of cash. >> yeah. we could be talking about tens or hundreds of billions of dollars being spread around going to the fergusons, the apis, the core & mains no one knows it better than you, katheryn it's infrastructure's time thank you very much. >> right thanks, brian. >> you're very welcome. on deck, wrap superstar nicki minaj in a huge back seen fight. guess we're going to do a little tmz and bring you the latest

goss the first all citizen private citizen flight we'll tell you that when "worldwide exchange" returns dow futures up 77. hey look. we're twinsies. at cvs, flu shots can be free, safe, and quick. so the whole family can get them. now we're twinsies. get $5 dollars off $20 with each free flu shot at cvs. i'm 53, but in my mind i'm still 35. that's why i take oste bi-flex to keep me moving the way i was made to, it nourishes and strengthens my joints for the long term. osteo bi-flex, plus vitamin d for immune support.

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temporary halt on the state's ban on abortions after six weeks. the biden administration filed a lawsuit last week challenging the supreme court's decision to allow that ban to remain in place saying that it violated the constitutional rights of women. just hours after the polls closed in california nbc news is projecting that the effort to recall governor gavin newsom has failed californians voted to keep him in office two to one larry elder led the field of dozens of republicans vying for office just a day before the election the conservative radio host was pushing unsubstantiated claims of voter fraud. rapper nicki minaj is facing backlash after tweeting about the covid vaccine. she said a family friend in trinidad had a negative reaction to the vac seen that some believe sounded more like an std. doctors were quick to point out that the ailment was not among the known side effects of

getting the shot so, brian, tmz, tmi. >> yeah. it was a lot -- there's things we cannot say at 5:25 or whatever in the morning. the words of that, yes, it was a rather interesting admission about her cousin's friend and his lack of -- >> his -- >> google it. >> capability at his wedding performance capability. >> that's right. >> the car wasn't running. we'll move on. phillip mena good morning thank you very much. all right. all ahead, a damning new report on how much instagram is harming kids and teens and how facebook has known about it for years and has done practically nothing we're back with a story you have to hear next

i'm 53, but in my mind i'm still 35. that's why i take oste bi-flex to keep me moving the way i was made to, it nourishes and strengthens my joints for the long term. osteo bi-flex, plus vitamin d for immune support.

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apple, big day kind of a big bust why the new products are not exactly wowing customers. microsoft betting big on it self rolling out one of the biggest stock buy backs of all time you've got to hear the numbers your morning rbi laying out another kind of top five to buy. five best performance stocks any size this quarter. there will be some new names and one very familiar one. it's all happening on this wednesday, september 15th. this is "worldwide exchange.

welcome back, everybody. hope you're having a good start to your day. 5:31 on the east coast grab your coffee let's go a lot to get through wednesday money. coming off a 300 point drop for the dow. futures are a little bit better but i'm not going to make too much of it dow futures up 66 points .10, .2% better. nasdaq up .3 of 1% dow and s&p down 6 of the last 10 sessions. is this a mini correction? we're going to find out. you don't know until you look back and say, hey, that was the beginning. either way down six of seven sessions that's here. your top story this morning, really what should be the top story all day long, is happening

overseas casino stocks in china are tanking. i don't use that word lightly. they are down 20, 25, more than 30% in one day that's not a month, that's overnight. the government there cracking down on casinos and according to eunice yoon threatening to force a communist party official basically into management or helping run the company inserting a government official into the companies sands china down 32% wynn macao down 29%. sjm, mgm, galaxy posting one of their biggest or one of the biggest single day declines ever wow. that is a major story. think about what's happening overseas, folks. you have the chinese government cracking down on big tech saying kids can only play three hours of video games a week. cracking down on banks and now coming down on casinos and government xi jinping is

asserting his dominance. state side, a new report coming out this morning laying out the failures in this country's child care system is having a broader impact on the overall economy. ylan mui joining us with what that could mean for the $3.5 billion spending package what does the report say what have we learned >> reporter: brian, the treasury department said the u.s. child care system is unworkable in that new report slated for release today. this analysis is part of the measures of social spending package that are focused on the care economy for kids. this afternoon vice president kamala harris and janet yellen will outline the problems in the system and their plan to fix it. we got an early look at the report which finds three key market failures in the $60 billion child care industry. liquidity constraints that parents having for child care often at a time in their careers

when they can least afford it. positive externality individual families bear the brunt of the cost. there are also structural issues in the industry which operates at margins of less than 1% while workers are poorly paid and suffer from high turnover. the report states, quote, sound economic principles explain why relying on private money to provide child care is bound to come up short. democrats are proposing a host of new government programs instead that come with high price tags universal pre-k and child care subsidies that cost $450 billion. national paid family leave program, that's another 500 billion. extending the child tax credit to 2025 will cost more than $550 billion. treasury says the goal is to ensure that parents can stay in the work force and children can become more productive boosting economic growth in the future. brian? >> very important study there

coming out of the treasury department and some very big numbers in that bill ylan mui, thank you very much. appreciate it. now the apple news apple rolling out yesterday the iphone 13, a mini phone, a new watch, some other stuff, but investors, well, they didn't seem to care let's find out why joining us now to talk more about this and the future, joel kalina from meadow bush securities thank you very much. i'm not knocking apple cnbc pro did a great thing going back to 2007 these product announcements while fun and sexy, don't tend to move the needle did you see anything or hear anything yesterday that makes you want to move the needle more on apple stock did we miss something? >> no. i mean, i think it's pretty straightforward. whether it's just the way kind of information flow has increased over the past 10 plus years. the leaks on the iphone, they come out earlier than ever

before and more importantly a lot more accurately. that leaves the opportunity for surprises is extremely small so apple suffered, you know, selling on the back of a very evolutionary update. looking under the hood, some of the negatives that some of the tech investors were picking at were flat pricing year over year which is margin concerns we know the supply chain is facing increasing input risk and there had been reports of rising prices for this year's lineup. that's been a disappointment end of the day you have to think last friday's epic link is an overhang on the stock in the near future. >> joel, let's talk about that supply chain nike saying they won't get two months of production because of covid related supply i know apple is a high production customer.

vox con is going to do itsbest any problems >> no significant bottlenecks for apple as of now. that comes from being number one. they're the world's number one silicon content. companies like taiwan semi will make sure they get what they want as of now there's no major hiccups in apple supply chain. we know it's a mess across automotive and increasing its way to other parts of the global economy, but apple, you know, like i said, being king is never a bad thing. >> yeah. let's turn now to microsoft because, joel, maybe you could help me because i don't get a lot of sleep and i'm getting old. microsoft announcing a $60 billion stock buy back boosting its dividend, as it tends to do, by 11% i was trying to go through my old file cabinet brain i can't remember a buy back bigger than that i'm sure there probably was one i'm missing.

>> yeah. >> 60 billion? this is a big deal >> no one's -- call it scary, impressive, incredible, whatever you want this is actually in line with what they've done in the past and this 60 billion, whopping number and it's just in line with their previous capital trend announcements. back in 2019 they announced a $40 billion buy back at the time that was 3.7% of the company's market cap right now that 60 billion is going 2.6% of this total market cap. it's just impressive that they've come out with that number and it's viewed as in linish, not a big deal it just kind of speaks to the story, the cloud momentum and, yeah, everything i've read, it's in linish. not very surprising. it's a staggering number as you kind of highlighted. >> yeah, really is stock up 1 1/4 we're going to do the trifecta don't have the time to dive into it that i'd like facebook under fire from

lawmakers over inaction following a scathing report from the wall street journal revealing the company is aware that its instagram app is harmful to the mental health which users, notably teenage girls, damning report in the wall street journal yesterday. appears like normal, doesn't appear to matter what the snus in facebook, the stock doesn't react. >> it's like teflon. the stock is a near term hiccup and then it comes right back obviously china is a big story of your show you almost wish the u.s. would take a similar stance. we know facebook, instagram, social media is toxic for teenagers. my kids are still 5 and under maybe in the next seven, eight years we'll kind of wake up a little bit to how toxic these platforms are for a younger generation it's no surprise and hopefully

zuckerberg is finally held accountable for something. he's not held accountable for lack of security implementation, not held responsible for misinformation until you see the headline impact the stock, they're going to shrug it off. >> yeah. one out of three teenage girls reported feeling worse about themselves, their body image, suffering anxiety and depression after going on instagram the company had a presentation about it in 2019 that's the gist of the story a lot of people calling this big tobacco 2.0. joel, really appreciate it thank you. have a good tai. >> take care all right. coming up, seeking better representation in the board room where companies have made progress in making hispanic voices heard and where more work needs to be done we're back in a moment

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helping us kick off hispanic representation in corporate board rooms may leave a lot to be desired dom chu joining us with where progress has been made and where progress needs to be made. dom, good morning. >> reporter: good morning, brian. even as latinos accounted for more than half of the u.s. population overall, if you take a look at the way the board room is shaking out right now, things are shaping up in some small way a little bit better. the u.s. population growth over the last decade for hispanics, the representation on corporate boards remains disproportionately low the hispanic and latin x

population grew 19%. theis a far cry from the s&p 500 where latinos make up 5% of director roles that's according to spencer stewart. on the fortune 1,000 side of things, just 3% of directors are latinx that's from kpmg and latino corporate directors association. even as many companies have made strides in diversifying their board rooms over the past several years. 73% of fortune 1,000 companies remain without a single hispanic or latinx director now narrowing that down further, one of the -- one of the 100 largest companies on the board, more than half have zero, none zero hispanic representation in the board room and as we break out those numbers into specific industries, take a look at this. the lcva and kpmg found that among fortune 1,000 companies, food, beverage, tobacco players have the highest share of firms

with at least one latinx director at 42%. below that are industries like hotels, restaurants, leisure financials at 31% and health care as well coming in last place is technology where just 15, 1-5 percent of fortune 1,000 firms have one hispanic or latinx director brian, there's progress that's being made but there's still a very long way to go with regard to diversity, equity and inclusion practices at some of the highest levels in corporate america. >> yeah. we talk about the changing demographics of the united states we talk about tens of millions of people that simply want corporations to look like and share the values of their same family, correct? that's really what we're talking about? >> it's absolutely right there's been so much more talk not just among corporate leaders these days but among politicians, people who administer our city, state,

local governments, that sort of thing. they want their governments to be more inclusive or at least representative of the constituents that they are there to serve so when you talk about this notion that there should be more practices of including more ethnic backgrounds, people with certain other orientations and perspectives with regard to the board room, all of those things are going to go towards that goal of trying to make whatever it is, the board room, the government that we have more representative of the people that are actually part of that whole process. >> dom chu, important topic there this morning dom, great to see you, my friend. >> likewise. >> thank you all right. take care. on deck, your morning rbi and we are going to lay out the five hottest stocks in all the land some of the names may not surprise you but others might. we are back with a different kind of top five at 5 right after this

i'm 53, but in my mind i'm still 35. that's why i take oste bi-flex to keep me moving the way i was made to, it nourishes and strengthens my joints for the long term. osteo bi-flex, plus vitamin d for immune support.

zwroo going old school, straight up stock stuff we want to dive in not just to big caps at hml but also small and mid-cap names. we basically went through thousands of stocks to find the five hottest stocks based on quarter to date returns. small, medium or large, here are the top five number five, repligen. 47%. number four, echo global logistics. up 55% chicago based supply chain company founded by kazi. he co-founded group upon number three, believe it or not is stamps.com.

number two, cytokinetics up 67% this quarter. curing als and number one, probably no surprise the best single stock of any size, moderna. up 82% since july 1. you obviously know why but, again, take note the median target price 16 analysts who cover moderna is just 349 a share. well below where the stock is now. so there you go. another kind of top five at 5 here on wex we're always looking for opportunity for you and hopefully some new names, baby, that caught your eye by the way tomorrow, maybe, not promising anything, maybe we'll bring you the worst performing stocks this quarter. after all, you're supposed to buy low, right random but hopefully

informative. let's broaden things out as we are coming off another down day in the markets always informative is victoria green, founding partner at cio and g squared private wealth i'm not sure if you own any of the names. probably too small for you but i thought it would be fun. talk to us about ibm that is a big company. you say they're undergoing a real and meaningful change why? >> yeah. i would -- yeah. it's a very unloved stock. nobody likes big blue these days it's not anything sexy, but if you dig into actually what ibm is doing, they're spinning off their legacy they're keeping together what is going to be their core business going forward which is hybrid cloud and cloud based as well as ai with watson this company is re-inventing itself for the third time over the last 100 years last time they spun off the business lenovo. they had a successful business

for most fortune 500 companies for i.t. infrastructure. a fairly new ceo in the last few years. turning the ship around re-inventing what ibm is this stock has barely grown, they haven't great dividend deal, fantastic cash flows you look forward and say the stock is not going to be where it was five years ago. what they're focusing on in the great part of the market, the cloud market is getting bigger more and more is getting integrated ibm is one of the most trusted partners across every large company in the u.s now they're going to help people run their business and integrate. everybody loves talking about ai nobody really knows how to integrate it well. >> i feel like it's the cilantro of stocks. everybody has a very strong opinion on ibm one way or the other. nobody seems to be down the middle >> cilantro's great. >> i -- i'll eat cilantro

literally by hand in bunches crowdstrike. you talk about data security, cybersecurity, all of these hacks we're talking about. crowdstrike your favorite name in that space. >> it is it's cloud based again and ai focused. their grab is one of the best out there. it evaluates over 1 trillion events every single day. the more it has to analyze, the more data it crunches, the smarter it gets. they're a leader in security afterwards they tracked down the dnc hack they have a great quarterly report they've been out there about all of these state actors that are hang from iran, russia, china. you look across and as the work force gets more disbursed, more work from home, you can't have everybody logging into a terminal a secure office you have more and more people accessing data from afar and cloud-based data, you have to make sure your data is secure. they've got a superior product i think they're going to

continue to take market share in a growing business they have over 2/3 of their clients have more than four modules. 19 modules across the company that they offer for different services almost 50% have five modules you see the ability to not only gain new clients i think they work with 60 of the fortune 500 companies. 14 of the 20 largest banks they're a leader in what they do their products are unique and differentiated that gives them a wide moat and gives them protection in a space that protects it it's not malware they're going after telecom. telecom was the number one most hacked or tried to be breached last year because it has so much data about its consumers after that, health care data is a lot at risk. you have these companies, not just the large banks but you start looking across the street at what companies may be vulnerable it's surprising. colonial surprised people when that got held out for ransom i think you just have to be more

aware and spend more of your i.t. budget on cybersecurity >> yeah. colonial pipeline, it's like the hackers were able to hack into i-95 from miami to new york and shut it down effectively that's what they did victoria greene, always a pleasure to have you on. ibm, crowdstrike names you're watching. always appreciate you getting up early for us in texas. have a great day appreciate it. folks, like that, it's gone. we'll see you tomorrow here on "worldwide exchange. "squawk x"s bo inext dow futures up a touch we're back after this. debt free! thanks to sofi. ♪♪

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regulatory overhaul. and speaking of new rules, sec chairman gary gensler warning he wants to crack down on what he calls the wild west of crypto. wednesday, september 15th. "squawk box" begins right now. good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin who is live from the stock conference in new york we'll check in with andrew on what he has coming up today. first, let's take a very quick check on the markets thi