than the space station and expected to splash down off the florida coaston sunday we'll continue to follow it and i'll be back on set tomorrow with you guys. >> all right, we look forward to it great stuff from down there, we appreciate it. the dow is down 235 as we head over over to "tech check. >> i'm jon ford with carl quintanilla. when it comes to your portfolio, should be buying now, paying later? the top picks in e-commerce and how to trade fintech and an executive shuffle at google. what to make of apple's

california streamin' event carl >> jon, interesting market day big moves for tech stocks this morning, google, microsoft, alphabet all down about a percent today on what is turning in to be an increasingly tough tape the names you need to add to your portfolio today maybe in just a moment but dow is down 234. we're going to start this morning with the ftc and the agency's continued pressure on big tech it is alleged hundreds of deals by the largest tech players have gone unchecked, apple, amazon, google, facebook and microsoft have made 819 unreported acquisitions, accused of using loopholes to duck merger reviews and anti trust scrutiny. facebook buying giphy, which lowered the value of its assets to the deal didn't need to be reviewed khan is calling for tougher

enforcement of acquisitions which we figured, jon, she would bring. >> i think with this acquisition talk, there's not enough focus but we've mentioned it here on "tech check" on it seems if you keep big guys from buying small guys on the surface, that's good but that's a major potential exit avenue there and plus in retrospect, when a company becomes powerful, it's easy to pick and point and say oh, facebook shouldn't have been able to buy instagram. instagram was tiny, right? how do you review that and giphy, i mean, i don't know, carl sure there's a data issue here, maybe not traditional acquisition review but i don't pay that close attention to where my giphs are coming from i don't have a giph preference or special trove in giphy. what were the names of these things i find it difficult to get worked up about some of the acquisition ish you autos and love to know the standards the

ftc uses to judge. some of these acquisitions are very small >> very small and oftentimes you get terms not disclosed but on the one hand it is an exit and on the other hand you get the sense the agencies are trying to limit the ability of the giants to create huge conglomerations of small tech firms and sort of amass power in small bits. we'll talk about it in the quarters and years to come one area we've seen a ton of m&a is e-commerce. stifel says there's reasons to be bullish on shopify and etsy and others you may not have called us. scott, it's great to have you back give me your framework what is leading you to your favorites at this moment. >> during the worst of the pandemic, e-commerce gained 700 to 800 basis points of market share. we think that's going to normalize closer to 400 basis

points as we get towards the new normal from the baseline, e-commerce companies will have a faster growth rate because they've g gotten stronger through the pandemic e-commerce on a two-year stacked basis, birth rates doubled and tripled relative to before the pandemic the multiyear improvement enhances value and we think it will lead to significant improvements in equity values going forward and the biggest online beneficiaries to us are those that experienced step function scale during the pandemic, where earlier along in their adoption curve in some cases, and cater to the small and mid-sized business communities so the names that we identified in the report included amazon, etsy, shopify, mercadolibre and sea limited >> given all at buy rating it doesn't sound you're that concerned at the moment about amazon "risk" on some of the

smaller players. >> it's a big market out there, and i think we're dealing with a lot of winners, and you know, what's happening in the retail industry is that share shifting has been for well over a decade from offline to online, and that's really accelerated by this period. if you look at names like etsy and shopify and where they're taking share from, it's from a lack of availability of strict mall distribution and craft fairs and things like that for etsj and for shopify it's about transi transitioning technology laggard small businesses on the internet with their tools you have the improvement in those businesses while amazon may maybe on the margin is affected somewhat by the strength in a business like shopify. when you look at the bigger picture, all three are doing quite well >> scott, we were just talking

about the ftc looking at m&a and i can't help but think amazon didn't crush etsy, despite the handmade stuff, didn't crush it despite getting into that space. it's partnering with a firm, not crushing it in buy now, pay later and shopify is doing just fine, sort of cooperating but also competing with amazon so what would happen to valuations in this space if the big names were sort of not allowed and even greater basis to do m&a? i imagine it would have a private market impact but maybe a public market impact, too? >> sure. you know, netflix and wayfair down the list, a long list of companies that have been successful in the world where amazon dominates i think there's some areas that have been negatively affected very clearly, those names that are in the wasteland of the retail marketplace but what it does is it takes away the possibility for the

smaller businesses to sell into larger companies and consumer technology the way that historically there was more of an option on those businesses, so it's much more likely that you'll have more independent companies just because of the constraints put on these larger businesses and more competitive in a marketplace for that reason >> isn't it true at the same time and maybe this is some of what you're getting at, that we don't necessarily have clear rules of the road within these third party marketplaces over which an amazon, for example, but if we were talking digital, we'd throw apple and google in here also, too, to have enormous influence. if those things get clearer, perhaps if the rules check the power of the big guys, not necessarily keeping them from doing acquisitions, but maybe keeping them from copying or looking over the shoulder at the data of the third party smaller players or their platform, might that be a benefit to some of these smaller names? >> it certainly could be and

look, a business like amazon doesn't work if first party and third party are separated and amazon benefits consumers because of the way the marketplace works. having inventory keeps prices in check and allows amazon to force lower prices on the third party merchants and the logistics servers and the technology servers amazon provides at school to the merchants is beneficial as well there's two sides to every story, right, and i think amazon acts aboutas well as one can i terms of managing both sides of the marketplaces but more constraints that are put in place certainly will favor these independent third party providers like shopify and etsy >> scott, quick, in your universe you have some companies struggling to adapt to the new environment or the case of some apparel names getting their recovery delayed, what do you look for when in fact you do get

cautious >> i think you look for the -- these are growth business, it's a growth industry so you look for the inability to grow and some of the names in that category in a mature business like ebay has shown signs of enhanced growth and we'll have to see if that sustains through the other side of the pandemic if they can prove that out big companies in the apparel category which is one of the few areas of e-commerce that lagged because people weren't going outside the home, going to the office and things of that nature, that was a weaker segment of e-commerce, given the recovery is slow in the making, those companies continue to struggle to a certain extent the name we like most is posh mark all three companies were identified in the segment of the report aren't doing as well as the companies we identified as beneficiaries. >> holds on stitchfix, wayfair and some others. scott, good stuff.

good intelligence today. thank you very much. >> thank you have a good day. >> you, too. let's do some more on e-commerce on the payment side, buy now pay later has been all the rage on wall street with "the journal" writing on why retail has embraced it so rapidly. how as an investor should you play it, lowe tony joins us now. we need to get a lot smarter about this space there are different names with different strategies it's interesting, though, you point out that a firm is originating more than $1 billion in loans at peloton and the portfolio's average credit score is 740 that doesn't sound like the type of consumer who is that likely to default in the near term. what are the risks in this space? how are you investing? >> what we like is the fact that when we think about most of the fintech plays that we see, they're vertically oriented around trying to provide

consumer with new types of financial services what's so fascinating about these buy now pay later is more of a horizontal play, the ability to kind of take the trend that strive started in the financial intricacies and then bringing them over to nonfinancial institutions. you think about poloton, they can provide financial services now, and that has the ability to do three things. it has the ability to increase customer acquisition, the ability to increase the conversion rate, and then finally the ability to increase the order value, and you know, this is something that folks like a firm can do really well in essence, they're creating a network effect with the web of merchants and being able to assess purchased behavior over time from a consumer's perspective, they have the ability to recognize a name like affirm and know i'm much more motivated to make this purchase, even a purchase i might not normally

make or i might not be able to qualify for. >> so if the average credit score is 740, then maybe it's not somebody who can't qualify, maybe they're making a different calculation or decision and i keep asking max levchin, the ceo about loyalty and rewards, is he going to move into that, kind of sounds like he is. if he does that, is that higher credit score customer who right now might be using a credit card for the points even more likely to lean into this space and then what happens to the potential and the value? >> i think we've got two different personas here. we have the persona of peloton user, more affluent, likely to have the higher credit score, willing to be able to do an installment plan as opposed to putting more on their credit card that's one persona the other persona i think is a much more of a gen z, younger person that may not have the same credit but might not necessarily be a risk.

it may be where that person is in their life cycle. to your point where a firm might go, absolutely believe there is an opportunity for firms like affirm to be able to offer a much more loyalty type of model and also move into something able to increase ability for people buying on different websites for merchants to be able to say hey, you know what this is an affirm type transaction or i'm going to go to this merchant because they use affirm i think without question we'll see folks like affirm move into things that will be able to provide more loyalty because look, they're able to see the purchasing behavior of all of their different customers across multiple sites that's great information it's a network effect that they'll be able to use to create a wide moat. we believe that $8 billion will be able to be created in additional purchases this year alone and we see that tripling

by 2023. >> lo, in social media, for example, we've seen time and time again the giants sort of copy or imitate or steal from smaller upstarts, not put them out of business necessarily but definitely just take a key from them what isn't that happening seemingly at the same level in fintech? is that regulatory friction or caution among the legacy companies or something else? >> look, they're dinosaurs they just move too slow. i think if we go all the way back to something that bill gates said, banks are dinosaurs, credit card companies move too slow do you know when he said that? he said that in 1994 the legacy financial institutions have had plenty of time to prepare and yet they haven't. they're not really in a position to be able to move as quickly. i think another thing that really we should point out is that when you look at the banks and the credit card companies, what do they use typically as tools to evaluate risk when it comes to consumers and providing

credit, they're looking at fico scores the network uses other signals to identify whether or not there's a credit risk. on the flipside, a consumer will not want to be late to make their installment payment or miss it all together because that information will transfer over to other merchants and they won't be able to make any more installment payments >> we will see how this is tested when there's real economic pressure on it. not saying i'm looking forward to that but it will be an important signal lo toney, thank you. >> thanks for having me. a billionaire on bitcoin, coming up next, a big hour of "tech check" is just getting started.

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bank of america takes doordash to buy. price target 255, calls it a major growth opportunity the next five years and arguing the total opportunity not fully

baked in at current levels, shares at their highest level since february roughly speaking and check this out, for more on this doordash ceo tony xu joins us this coming monday. do not miss that >> b of a is worth reading crypto in the meantime interactive brokers will allow users to trade it, partnering with the same company behind paypal's company paxos commission on each trade is not zero but low at 0.2% joining us interactive brokers founder and chairman tomas pederfy. great to see you again congratulations. i'm curious if you've been itching to do this, dragged kicking or screaming or something in between >> no, many of our customers have been asking for this

especially registered investment q advisers whose clients are asking for crypto exposure we've been wanting to do this for quite some time and as you said, interactive brokers has the price in good technology and very broad product base so we had to do it in line with the low prices it's not 0.2%, it's less than that, 0.18%. our commissions are about half as much as the next lowest person who is gemini and one-third of coinbase and others are even higher. so we have been itching to do this for a long time, really happy to be able to do it. >> i wonder what you think of its use as a payment mechanism,

the ceo of amc theaters tweeted in the last 24 hours they're going to accept litecoin and ether and bitcoin by the end of the year as a payment. is it stable enough to be used to pay for stuff >> well, the value frankly doesn't make sense to me because what is the advantage of these cryptocurrencies vis-a-vis stable coin so stablecoin is just like the dollar and it's better, easier and related and the mechanism of paying using it for payment is equally as simple, right, so i don't see it but you know, you never know so there is a small chance these cryptocurrencies could become very, very valuable and you don't want to not be exposed to

that so that's the story. i have had bitcoin for three years in my portfolio. >> good for you. for sure what do you expect this to do these low fees great for retail traders for sure what do you expect to do to gemini and coinbase and robinhood already warning they expect the volume of trading to go down when they've been relying on fees and options? >> i believe there is a period of compression coming in trading, of course it's going to go down in crypto, just as it has gone down in securities. same technology, same story. >> we had the chair of the sec on our air yesterday talking about crypto regulation. he like some fed officials

mentioned the space continues to be troubled with fraud and abuse and hype do you think regulators are on firm ground making those criticisms >> the criticisms are fine but we'd like regulation along with the criticism because we really need to know what to do and nobody is telling us, and they keep the option open of coming after us two, three, four years down the road and you're not doing this and that right. i would say you never told us. i'd love to know what we're supposed to do >> you're not alone in that. what tuning of the high yield accounts based on the stable coins or other things so many in the crypto space want to come out with but the sec is saying

not so fast? >> i do not understand how they can be so high here especially for stablecoin so as long as people want to borrow the crypto and are willing to pay a lot for it, then i understand a provider can offer high yields. i don't see where the money comes from, usually doesn't come from a good place. >> thomas, we always look to you as a gauge of institutional acceptance and this is another big move great to see you wheagain. >> thank you very much, carl >> we'll play that sound a time or two in the future as well still ahead, kathy woods hot on a new stock this week we'll tell you what it is after the break. exclusive cnbc reporting on a bit of a shuffle at google cloud as alphabet tries to take some

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welcome back, bottom of the hour, carl quintanilla with jon ford shares of apple hit a speed bump this week back to 147 today. our next guest says that makes for good buying opportunity. we'll talk about that. first the news update with rahel salmon >> carl, good morning. here is the latest 332,000 americans filed for unemployment benefits last week, slightly more than economists expected, 2.6 million people are still collecting jobless aid americans did more shopping than expected last month despite concerns over the delta variant and supply chain disruptions economists expect the consumers to cut back spending but retail sales rose 0.7% in august. federal reserve chairman powell ordered staff to review the financial investment policy. the order came days after concerns over the trading

activity of two regional reserve bank presidents during the pandemic owners of the electric chevrolet bolt are told to park their vehicles on the top floor of parking decks and far away from other cars due to a potential fire risk. 140,000 chevy bolt evs have been recalled due to the risk of the vehicle catching fire from a battery defect you're up to date. jon, back to you >> rahel, thank you. apple is down about 4% in the last five days, after its product event and that epic lawsuit decision our next guest says despite what he sees as modest upgrades the bull case remains unchanged. jpmorgan's overweight, $180 price target and has apple on the focus list welcome. >> thank you when was the last time there was an iphone update

>> jon, that's fair. most of the features are leaked and you know most of the features ahead of the launch and the lackluster share price performance is not subprizing you so he that every year. you look at the upgrade rate and what drives the upgrade you should be comparing the product two years ago average life cycle of two plus. we need to fall back on the iphone 12 and 13 might be a modest upgrade, kind of what you should be, 800 million, 900 million iphone users with 4g iphones looking to upgrade there's a big jump we can go into more details about that but essentially a better camera, better processor, the 5g offering as well and that sets up for a great cycle. iphone 11 or older phone to

really upgrade >> this is the first time the 13 pro and pro max are clearly set apart not just another circle camera on the back but the features which you can accomplish with the macro mode with some of the rack focus, the quality and work flow sets it apart. a big part of this in a way aren't they cheaper because apple didn't hike the price in this inflationary environment? >> that is what we see as a positive, those calling lackluster, keep in mind the praysing with the background on supply chain the pricing is consistent with iphone 12 is the first positive shipping on time which is the other big positive, if you remember on the last earnings call apple did talk about

potential deals and if anyone is in doubt how important the iphone cycle is look at the values and the carriers on this, recognize this is what the consumers want and look to upgrade and use this as a market share opportunity as well and effectively that makes it much easier for the consumer to upgrade to the devices, totally agree with you on this this is a major upgrade cycle, a major cycle even though the updates to last year might seem modest at this point >> it's carl here. we're waiting for some of the first order data coming in maybe tomorrow china consumers there are ordering more of the 13 on jd.com than they did on the same platform a year ago. is that reflective of the early order information? >> we tracked that as the preorders start coming in, so we get that process started

internally as well that will be largely consistent across the globe, talking about the leads on the floor itself seems there's excitement moving to the iphone 13 cycle a lot of people are still on the 4g phone it's not surprising with the pricing point jon mentioned this is an attractive product cycle or a product that consumers want to upgrade to 5g as a network is also becoming more widely kind of available across geographies and you're seeing consumers realize and become more aware a 5g network that he can leverage and helps with the carrier subsidies driving a strong patent for apple across the globe and will start to track the u.s. tomorrow but i expect that to remain consistent. >> there's a chart circulating

around today about huawei's inability to provide a compelling product whether it's trade sanctions or technology a lot of apple's competition i don't want to say hobbled but haven't gotten renewed momentum >> yeah, i think both samsung and huawei need to be called on that front we've been looking at ways where you can see the supply chain constraints hitting samsung there. you've seen huawei with the sanctions start to feel the impact there, as a brand starting to try and move up next year but what was expected when the huawei sanctions happened a lot of the share would move to domestic chinese oems. what you've seen is a lot of share move at the high end to apple and that's been a big win for apple. china went through a period it wasn't doing as well as most investors wanted them to in

china but starting with the iphone 11 itself, you can see that market share has started to move up and the huawei sanctions really kind of just executed the process. we've seen that across the globe as well with the 5g cycle you see apple share globally move up and that feeds into the large install base apple has, more switchers come into the install base pro android >> maybe enticed to get an apple watch and on to some of the services with workouts and whatnot. maybe we can have you back when we get the order data for an update, samit chatterjee from jpmorgan, thanks increases arc's position in pager duty buying for the third session in a row that stock more than 20% off the 52-week high. it's on a double-digit surge so far this month speaking of kathy wood, goldman

launching ztf called g tech looking to invest in stocks smaller than 100 billion in market cap, calling out the concentration of value in the mega cap names and predicting the dominant platforms will be very different in ten years. the manager of that new fund is on today at 1:00 p.m. eastern time, and "tech check" is back in a moment. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. if i could, i'd ten-x everything. like a coffee run... don't just sell it. ten-x it.

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welcome back cnbc reporting google cloud under thomas curry is reorganizing leadership as it attempts to take market share in the cloud, following news microsoft aws exec as it attempts to take on amazon in the cloud space. it's a fierce competition between the mega scale player. i asked andy jassy how he handled succession at aws. >> the team was strong with a strong leadership and we added somebody back in adam siliski. he helped build the business and to add adam to a strong leadership team was really beneficial and i'm excited about that >> jen elias covers alphabet and had the scoop on the google

cloud org which you can see on cnbc.com some executive shuffles figuring out who is in charge in the next fight for market share, right? it's a big shift within google cloud. it has a low amount of market share and not comparable to amazon microsoft it is part of an effort by the ceo to streamline the company which is the technical unit of the organization has doubled since he jind. it will have either expanded or different roles. >> he has told us about his efforts to scale up the go to market, the sales organization in particular.

more of an industry-led strategy trying to provide specific ai-driven solutions to customer s more quickly than competitors are. is it your sense that's what this is intended to do, accelerate that industry specific solution strategy >> it's definitely a part of that strategy and this move shows i think that thomas curian the ceo is not afraid to sideline some of the long-term veterans who have been at google for decades and that's what's happening with this re-org, notable there are long time googlers here lessening their responsibilities, moving to other areas of the company and i think that shows that thomas is kind of really focused on looking forward and not sort of afraid of hurting feelings for some of these, which is kind of

ongoing joke veterans can have free range as long as possible but i think he sees a lot of change in the market and trying to make it agile for that. >> enterprise tech not a lot of feelings driving the decisions and certainly not in thomas curian's legacy. i keep hearing about the great resignation, people willing to move around more i wonder if you are getting a sense how the war for talent is playing out at various levels of organizations when it comes to technology and the need to build the future >> it's really important there is a big competitive advantage for companies that aren't google right now because of the range in flexibility and you know, especially with

technical talent, people have a lot of options with flexible work environment and google has been a little bit more stringent gooiogle cloud is one example of trying to make itself more competitive make itself more quickly and not the big tech giant trying to get into this enterprise market and make waves there. ultimately this plays a role and more broadly in silicon valley, there's just ever little competitive advantage that matters to people. we'll see more who stays and who goes once people are expected back at the office >> jenn elias, our very own,

thank you. siz cogets upgrade to outperform at credit suisse and they issued new revenue and eps guidance through 2025. stock's broken out to levels it hasn't seen in a couple of decades as credit suisse says the cautiousness will abate as they execute on their ngerlo-tm guidance stay with us more "tech check" still ahead.

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another morning and another day of beganing stocks thanks to china. frank holland explains >> shares of tencent of the chinese gaming stocks down 8% as chinese regulators are cracking down on gaming, slowing up approval for new games and pushing restrictions for minors. bilibili down 13% it's caused a dip in the $150 billion mobile gaming market. the biggest u.s. names they don't have that much exposure to china, activision and blizzard and maker of the "call of duty" franchise 7% of the revenues come from china, ea maker of madden nfl and take two two minimal exposure ea took a big dip yesterday because of rumors of a delay of the battlefield 2042 game until possible 2022, the release will happen in november in time for

the christmas season the stock rallied after hours. they are recommending invest buy the latest dip on the stocks, fallen out of favor in the reopening trade, it will have low double-digit revenue growth over the next decade he forecast >> 40-year-olds play games, 6-year-olds play games the demographic is playing longer and longer, interestingly as they age, they have more disposable income so free to play really benefits look at a stock like playtica, social casino type games, average age is over 50 look at a game like candy crush, average age over 50, so those games really do well as you have an aging demographic >> streaming game something the next big thing, he says the biggest tech players have early lead with amazon, google and microsoft, all working on streaming gaming jon, back over to you. >> frank, thanks another name to watch is dd. daily average user count is cut

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. welcome back after the usual summer lull, the fall ipo season kicked off this week with 11 companies going public today forge rock and identity

software company debuting on the nyse, shares up, well, wow, 4646%. the company competes with the likes of okta and sale point, joining us the ceo fran raaschp digital identity verification, there are a few companies in the space. what's going to determine who wins out and what technology really matters here? >> thanks, jon thanks for having me what i would say is when we look at a lot of those legacy technologies, i think they've always forced companies to compromise between a great user experience and delivering great security in forge rock we think the winning companies breaks the forced compromise to users have an easy onboarding experience while driving security and privacy in the background. >> how does this technology fit in with challenges that we've seen in ransomware and other

types of intrusions costing a lot of companies money >> yeah, they're ll all connected. last year over 65% of all these types of data breeches were driven by a information compromise and they were abled to use the rants sop ware we develop more secure identity solutions. >> as we talk about hybrid work and remote work, i wonder how much complexity does that add to cybersecurity, the fact that you don't have everybody working off a terminal that's actually in the build sng. >> i think it does add more complexity when we think about digital transformation going on for a long time. but covid accelerated that as so many workers became remote workers. but we as consumers managed more lives online shopping, health care, government services, everything has gone digital that opens up a new vector of

attack for cybercriminals. everybody has to adjust. that's what we help companies do by putting better identity solutions and better security solutions with you making sure any don't feel like a barrier to access just to make a frictionless experience. >> we've talked a while about the narrative that corporate it budgets would get a tailwind as budgets migrate away from say real estate footprints, physical footprints and office space toward the reinvention of i.t. i assume that's completely legit. it's not just a strawman. >> absolutely. i think identity sits at the intersection of two trends, security which we've been talking about and companies understand the cost of a breach and they spend to prevent it but we help companies drive the bottom line by making more easy onboarding experience for users they can make employers more productive and deepen relationship with the customers. so it's kind of a double benefit, more security and a better business. >> one thing to have technology that manages identity. it's another thing to know what

to do with i wonder what's happening in identity governance being able to limit in an intelligent way what legitimate people in the organization have access to? are organizations managing that in the right and smartest ways sns or does there need to be more work done on the interface to be help it be efficient. >> more work to be done. one customers has 12,000 economies creating a web of millions of entitlement requests they have to track every day and their company never stagnant people are coming, going, changing jobs. the old way of doing entitlement management was through rules or manuel approvals forge rock we believe bringing ai and algorithms is a great dunt to recognize that the bulk of the entitlement risks are low risk, can be automatically approved and increase productivity and only flagger

higher risk for further analysis there is a great opportunity to revolutionize how that's been done in the past. >> now we get to see i hope quarter which quarter how you make progress on that and whether that's playing out as you expect fran, thank you. >> thank you so much. >> keep your eye on ford today announcing it will invest additional quarter billion for the electric 150 lightning adding another 450 jobs at three southeastern michigan plants shares up in what's not exactly an easy tape more than 50% since the start of the year, as these first models are coming off the line for real world testing. world testing. we're back after one last break. workday. how do they make better decisions faster? workday. it's got to be something workday. i think i got something. work... hey, rob, you're on mute.

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every butcher, baker, and artisanal cheese maker. schedule an appointment with our business experts, and get up to $1000 off a 5g phone. because every business deserves better. one more thing not everyone in el salvador happy with bitcoin becoming legal tender we mentioned the challenges the might run into a few weeks ago as as the company's president embraced crypto with 70% of the population not owning a credit card or bank account the frustrations boiling over yesterday in the form of a protest, taking place in the nation's capitol events mostly peaceful but they

set fire to a bitcoin atm, carl. i believe it's the new york post that says estimated about 4500 protesters. >> interesting, jorp. goldman up since q3 dwpd estimate tp to the half and frank holland. >> thanks a lot. wemt ewelcome to the "halftime report" i'm frank holland in for the judge. stocks dropping despite the surprise beat on retail sales. a september slump if you will. what's getting the record rally running again? and where are the opportunities for your money we debate that with the investment committee today brenda, josh brown, jim lebenthal and mark najarian co-founder of market rebellion.com. the s&p off the best day since august the dow trying to avoid a two-week losing streak yields on the rise the 10-year at 1.33% a lot to talk about today, guys. includin