it is 5:00 a.m. in new york, here's your top five at five stocks easing off the gas pedal after their best day since july futures. they are in the red. did they or didn't they? investors left in the dark as china's evergrande group silent whether they made a payment on their debt boosters for some. the cdc narrowing the scope of who can get another shot this as cases and hospitalizations drop across america. fixing the supply chain. president biden considering a

cold warera law to ease the computer chip crunch and defending their picks, katz, link, johnson and howard, they are back in our "go big or go home" special, making you some money with the best stock pickers in the business. all happening on this friday, september 24th, and this is "worldwide exchange. ♪ good morning, good afternoon, or good evening and good friday, by the way. and welcome from wherever in the world you may be watching. i'm brian sullivan thank you for joining us to round out your week let's get right to it. your money and the global markets. stock futures are a bit lower right now. not a lot but they are down just over triple digits after the dow and s&p rocketed on thursday,

surging 526 points on the dow and 53 representatively for their best day since july. if you are keeping score, all the major averages are higher on the week so unless we fall between .75 and.5%, we are going to end the week higher. hard to believe given the start of the week we had that's the point of the market, given the timing, the best days come when you don't expect that and account for a majority of your gains around the world a banner day of trading for the nikkei 225, it rose over 2% overnight, the nikkei is now up 9% in one month. it is one of, if not the, best performing major averages anywhere in the world this year. you go japan trading in europe getting warmed up as investors there await the start of the german general election polls open over the weekend,

european markets are lower across the board a lot of real fear about the impact of soaring energy prices there and what might happen to the economy if it's colder than expected and heating bills double or triple we'll get more on the market and your money as always in moments but let's get this morning's top stories including more on the evergrande group saga and whether you'll get a covid booster shot this winter christina is here. good morning, good to see you. good morning. >> good to see you good morning, happy friday after surging one day prior, shares of evergrande are sinking as the highly debted chinese company appeared to have missed it interest payment due at midnight in new york yesterday or noon on friday in hong kong the property group, which has not made a statement on the repayment has a 30 day grace period before any failure to pay officially results in a default.

the cdc yesterday endorsing the pfizer booster shots for americans age 65 and older those in high risk occupation settings and those with preexisting conditions the move by the cdc director, dr. rochelle walensky aligns with what the fda had recommended earlier this week but goes against the cdc's special advisory council which voted against giving people boosters 18 to 65 working or living in high risk settings the white house is talking about invoking the defense production act. the law is under consideration as a means of forcing better transparency from companies to ease production bottlenecks and identify potential hording of chips. there was a virtual meeting yesterday with executives to discuss the ongoing crisis

we'll see you in a few minutes. thank you very much. for now let's get back to the markets and your money as stocks look to wrap up what has been another volatile week believe it or not as we said at the top of the show despite the turbulence on monday or tuesday, they were able to claw back but what's next? we are joined by the founder of new street advisers. i know you're a longer-term investor for your clients. but it seems impressive with the fear at the beginning of the week, the markets tanked, the vic soared, a good lesson in trying perhaps not to time the market. >> yes good morning i 100% agree with what you're saying it was an interesting week and a good lesson to not always look to time the market especially in

situations where you see volatility as pronounced as we had earlier this week. now we are looking to be back positive in the week a lot is based on just a lot of investor buy-in at the bottom of the market where we saw pull back there's a lot of money in the market still we'll talk about the monetary and looking forward. the best situation you want to make sure you're not timing when you're seeing a lot of pronounced moves in the market there, brian. >> let's talk about longer term. you mentioned monetary policy. there's a lot of question marks maybe around the fed and some of their timing we're trying to break out our thesaurus and figure out exactly what they're trying to say a lot of question of corporate earnings growth, it's been red hot, will it slow down what's going to happen with covid going forward. there's a lot of question marks out there, as there normally are to be fair should we prepare as investors

for slower growth, corporate earnings or gdp or c, all the above? >> exactly right yes, there has been a slow down in projections of growth we're seeing gdp revised downwards, estimates on the s&p to be down as well i don't know how much is already priced in, so investors want to do a couple things, one stay, keep your allocations in your positions you like them to be and if you have high convictions in growth names, companies that are higher margins some things we could see with the covid variants, bottle chain supply issues i think investors should brace for a little bit of this to kind of slow down and maybe some of that is priced in, if not all priced in, make sure your portfolio has that clearly spelled out. >> you said defensive positioning. what does that mean to you

where should our viewers be positioned right now >> i think one utilities is a great place to go. that's your low beta, when you're seeing the pronounced moves that's going to have the smallest amounts of changes as opposed to your high beta areas. you want utilities, real estate, i think real estate is great to be in, looking at demand, talking about a hot real estate market still, that's something that pricing could be passed on especially for real estate companies that demand could be passed on. i like staying in the real estates and yulety positions also health care and pharmaceuticals is a good place to be as well. >> good stuff there, real world advice watch the utilities, a lot of question marks in the last couple months. thanks for geting up early have a great friday, great weekend. see you soon, take care. >> you too

thank you. >> you're welcome. we're getting going on a friday morning when we come back, nike nicked by closed factories and supply chain woes could this potentially change nike and other companies for the better long term plus the emsppire state to h rescue for thousands of gig workers. later on, our insider buying segment and we have a big, $21 million insider buy from a board member of a retailer that's right, the name and the top five all ahead dow futures, they're down a bit. we're back right after this.

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welcome or welcome back. time for your big money maria yovanovitchs -- moovers, stock number one, costco, store sales rising more than 9% but higher labor and shipping costs with port delays and a shortage of containers are impacting the price of goods and holy hoarding. costco now limiting toilet paper buying because once again, people for some reason are panic

purchasing toilet paper, paper towels, whatever don't do that, it's not march of 2020 stock number two, iac interactive. "the wall street journal" reporting they're in advanced talks to buy meredith, publisher of things like people, better homes and gardens and other magazines. the deal is expected to be worth more than $2.5 billion stock story three, the new york city council approving a first in the country measure that would guarantee minimum pay and regulate working conditions for gig workers, door dash, uber eats and other deliveries, new york has been leading the charge to regulate the companies as residents are relying on delivery more than ever. stock number four, apple, the new iphone going on sale today it's just an incremental upgrade over the 12 some are saying.

early demand does look positive. analysts estimate preorders are running at about 20% ahead of last year's iphone 12 models i guess hard to compare anything to last year, though that brings us to nike nike stock down as north american sales drop because they couldn't get products to the market in fact, about 50% of the production in vietnam is off line on their conference call last night, the company telling analysts and investors, it is, quote, not immune to the global supply chain headwinds, adding the situation has deteriorated further than in the first quarter andtransit times will remain elevated for the balance of fiscal 2022 on that, nike is always slashing its full year forecast, expecting sales to remain in the mid single digits compared to last year. let's bring in stacy now i've been at the ports, you

know, we've shown giants ships and said, hey, look at this container, here's the problem. that was back in february, people said why at the ports this is why. these supply chain problems, despite what jay powell and others talk about transitory, nike is not saying they are transitory this is a big deal >> it is a huge deal, brian. because what we have seen is, not only are companies have these massive supply shortages but now shipping delivery times are twice what they used to be, so what are they doing they're raising prices as we know in the past you and i have talked about when brands raise prices those are sticky. so some of this inflation, particularly on consumer goods product is not transitory in my opinion. but the good news is that nike is starting to wean the consumer off of these nonstop discounts

that we've been talking about for years on end so full price selling at higher margins are here to stay >> yeah, and this is a really interesting point, stacy about -- you know, i tweeted last night about whether or not this will change the way companies think about where they make stuff could it be a return to the united states? could it be a seismic shift in how they fundamentally think about making and selling stuff when you look at the bigger picture for nike and you're in their board room and a fly on the wall, what is nike -- what are nike executives saying about the way they do business for years or decades to come >> well, and that's the big challenge here is everybody is trying to figure out how do we shrink our lead times? by the way, covid has forced companies to accelerate and shrink those lead times doing things like 3d design.

so that's helped there have been a lot of technology leaps over the last 18 months but we have to still consider that the average manufacturing pay per hour in vietnam is like 3 bucks. in the u.s. it's 20 bucks. so if you're going to move your facilities to the u.s., your cost structure is going to change drastically, so right now companies are chasing. they are flying stuff, they're chasing. they'll sell fall stuff for holiday. this is not going to normalize nike is saying until june. that's a long time away. >> yeah. you know, i'm not an expert but i believe that june is after, at least this coming christmas, maybe not the next one in 2022 i mean, any chance that nike or other companies, stacy, say you know what, enough of this b.s. no offense to my initials, let's start making this stuff in america? is that even possible or is

there no way with labor costs and manufacturing that could ever happen? >> i think that a portion and a lot of the innovation labs are moving to the states but in terms of moving your manufacturing completely here, it's a cost pressure, that's the bottom line here i don't see that happening in a huge way but i think there are, again, innovations that they're using to accelerate and cut costs in other areas. the other thing i think you have to think about is the wholesale channel here, don't forget foot locker nike is going to prioritize the good inventory for themselves and now the acceleration to dtc, their own brand, selling their own channel accelerates and the wholesale guys, like foot locker, are the ones that get left short on inventory. so buy your toilet paper and shoes early. >> don't hoard as people have apparently gone insane you're saying direct to

consumer, dtc, you don't need to buy the shoe at a foot locker, nike may use this as an excuse to their venders to say we're going to sell it on our website, directly from brian to stacy. >> and it's more profitable for them to do that. >> see the fundamental shift in the way companies think about business, because of the pandemic stacy, always a pleasure to have you on my friend have a fantastic weekend we'll see you soon take care. still on deck, a big end to a big week our special stock pickers this week are back. all of them, to recap and debate their stock picks. we a bk ghafr isreacrit teth

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welcome back to "worldwide exchange." i'm phillip men na here are your headlines. police in tennessee have searched an apartment near the kroger supermarket where a deadly shooting took place tuesday. officials did not confirm if that was the residence of the shooter who killed 1 person and injured 13 others before taking his own life they're trying to figure out if he was fired from his job yesterday. the house committee investigating the january 6th at the capitol have issued four subpoenas.

they're asked to give sworn depositions to the committee in mid october and hand over any communications involving january 6th and the days leading up to the riot at the capital. the committee sent a letter to dan a sscavino and the letter t former strategist steve bannon said he was quoted as saying all held is going to break loose tomorrow on january 5th. the committee called the subpoenas highly partisan and vowed to fight them. nintendo has levelled up, announcing an all-star cast for their mario movie. chris pratt will be popping out as mario jack black will voice mario's arch rival the movie jumps into theatres christmas week next year brian, they also have charlie

day in it, seth rogan is in it the names go on and on truly an all-star cast. >> i'm going to ask you this, a little bit of a personal question how's your super mario cart game honestly if you and i met up are you picking bowser with the co-cart, what's happening here? >> i think you got me on mario i'm still the first super mario brothers, not much on the coccogo cart i think you have me every time. >> i would anyway. i'll do old school as well let's not hurt any turtles with sledge hammers >> any time. >> thank you. >> all right, buddy. >> have a great weekend, my friend take care. up up your game. katz, lincoln, howard, no it's not a new band, it's our all-star stock pickers they're back to discuss, maybe debate,

their stock picks this week. dow futures down triple digits wee ckig aerhi'rba rhtft ts.

a volatile end to a volatile week furthers are down once again after thursday's big surge did they or didn't they? questions remain as to whether china's evergrande group actually made their big interest payment due yesterday. shares are down once again

and get ready to go big or just go home our expert panel defending their picks for the best stock plays for the fourth quarter it is all happening on this friday, september 24th this is "worldwide exchange. welcome or welcome back. good friday morning, everybody i'm brian sullivan all of that coming up, including our exclusive week the insider buying rundown the top five stocks bought the most by their suite executives this week that includes one huge $21 million buy at a retailer. the name coming up first looking at friday futures. kind of like monday but not to that extent, they are in the red. down across the board.

dow down triple digits coming off a nice bounce back on thursday for the dow and s&p 500. it was the best two averages since all the way back in july remember july? the s&p 500 with the biggest two day gain in two months here is a random but interesting stat 17 s&p 500 stocks rose over 5% on thursday. led by some big jumps in devon energy, salesforce.com, apa, schlumberger, three oil companies, one software and all you can eat pasta bowl we have breaking news, crypto, new comments from china's central bank that it will crack down on what it calls illegal activities around cryptocurrencies they're banning overseas exchanges from providing

services to mainland investors via, you know, the internet. the people's bank of china also said it will bar banks, payment companies and internet companies from facilitating cryptocurrency trading and strengthen monitoring that's a fancy way of saying cryptocurrency trading is over, it is illegal and we'll go after our banks or other companies if they allow it. it is a big hit to crypto from the world's second biggest economy. that news just coming from the people's bank of china that is going to be a big story all day long on cnbc and on that we are seeing bitcoin turning negative it was negative before but maybe rolling over a little bit more as well. you have to watch companies like coinbase any company that allows or facilitating trading, trading companies, banks, internet companies. china says they are coming for

you. just another example of the heavy-handed, no better term for it, regulatory crackdown that china is having across all businesses lately. a big story there, something to watch on crypto all day long we'll get more on that i'm sure later on through the day but right now let's get this morning's other top stories in the market christina is here. what are some of this morning's other stop stories. >> i'm starting with politics, democrats are trying to push ahead president biden's $3.5 trillion spending package planning a meeting today this could set up a full house vote as soon as next week. wynn is saying his company is seeing a spike in reservations this was on mad money last night. >> we've never experienced the

type of business we're seeing right now in los angeles and in boston it's extraordinary we're seeing that without international travel this week when it was announced you could come to the united states if you're vaccinated. we had reservations from the uk spike from zero to hundreds a day. people are wantsing to come to los angeles and have a good time >> i'd go there. and congress is ready to grill facebook over the impact of the social media platform on teens' mental health. facebook globals head of safety is expected to appear before a senate panel next thursday this all comes after "the wall street journal" reports that facebook had knowledge that its platforms had a negative impact on young users but hasn't done much to deal with the problem. as of late it seems like facebook is still moving ahead with the instagram platform for children they haven't said that they're not going to do it >> yeah, that's -- that's something. >> yeah. >> all parents, i'm sure, you

know, should be allowed to chime in christina, thank you very much see you in a bit appreciate it. instagram for kids it is time for something extra. capping off week one of our "go big or go home" special two-week series this week if you have not tuned in, we're notup set if you didn't we had four excellent stock pickers all with unique names for your buying consideration. we have hightower stephanie link recommending cisco, prudential and expedia. david katz with qualcomm lance howard said he likes lieu l lu are you lemon and yesterday the case for unity, bio teche and methanex. we called them up, woke them all up and are bringing them back in early to discuss, debate, talk

about it more. if you missed this, everybody thank you so much. i know the hours are a little tough but we love you for it and do appreciate it stephanie, kick us off here. if people missed you at the beginning of the week. did you get any push back on "fast money" or viewers on social media about your picks? any of them? >> no. and, in fact, on expedia, we had good comments from the ceo yesterday on cnbc. we talked about searches being twice -- searches being twice that week over week in the uk. since travel restrictions were -- are going to be lifted we just heard wynn's comments as well from the uk saying reservations went from nothing to hundreds. i think expedia is an interesting story. it was a good week for the stock. it's a reopen name i think the reason i feel so confident in the name is because bookings were up 32% in the

second quarter that gives me visibility prudential, we talked about mainly fairly new management and shrinking to grow doing asset sales and they sold 17% of their variable annuity book last week. that's three to four percent, 2.2 billion. and guess what, they announced a real estate joint venture week and cisco a decent week. the reason i feel good about it is because the bookings in the quarter were up 41% -- orders in the quarter were up 41%. and i just feel good about them having an analyst day last week and reiterating all of their financial targets and the stock is trading at a 20% discount so not a lot of pushback, brian. kind of excited about that >> it's all right. probably a good thing because you got the covid headlines, of course we did a story about for some reason people are hoarding toilet paper again

i don't understand it. whatever i'm going to vegas next weekend, l.a. in three weeks. barely could get a seat on a plane. travel is booming. you have any beef with stephanie's expedia pick >> i like the trade a lot. i do like it it's one of my favorites out of the panel we got i think it's going to do wonderful in the last quarter of this year and 2022 but, you know, i loved jets, i've been telling you to buy jets, and it took off yesterday like a rocket. we're having a lot of fun with that trade but i think expedia is a wonderful pick. >> thanks. >> not like a rocket, vance. coming off like a jet perhaps. david or craig, i'll throw it out there, i can't see you so just jump in do you think that maybe not expedia but travel in general is a good bet >> we think travel is basically going to come back the real key is pay attention to

valuation because a lot of the stocks have grown in advance of business coming back but we believe the world is normalizing, the consumer wants to get out that area of the business is going to do well we also like expedia we love cisco, one of the few technology companies that have not rallied nearly as much over the last 12 months stephanie we're in line with the same thinking. >> thanks, david. >> i would add in to this discussion, when you come back and look at the charts, no question that the reopening trade is still a theme that investors are looking to play and expedia has had a nice day over the last couple days. just need a little more wood to chop to reverse the longer term down trend and then a stronger move same with jets the question comes down to can we get enough momentum in the reopening trade. as we look at the names we brought in, things in the energy patch and basic materials we're

thinking the real economy is going to pick up we'll get a surge and see the material names pick up and be strong that's going to be a new theme i think going forward in the marketplace. >> craig, i want you to comment on one of vance's picks. that was intel and semiconductors obviously are hotly traded through the stoxx index. a leading indicator supply chain problems all that do you have a point of view. vance recommended intel, do you have a point of view on intel or any other semiconductor names? >> sure. first and forecast i think the semiconductor space looks great. when we go through and look at the work we're doing, the side of the semiconductors, not only the semiconductors but the equipment still remains quite strong as i look at the price of intel and the relative strength of intel i think it should be bought it's looking very good going to be a lot of cap x coming up with the new fabs

they're going to build in arizona but it's the right place to be and i think it's a constructive looking stock. >> and craig was recommending some of the oil names, not all of them, he sold pioneer but bought sim rex as well oil and gas talking my space for obvious reasons. that has been a hot take do you or would you own any of these smaller mid cap oil or gas producers? >> yeah. i own diamond back energy. and i added to it last week on a sloppy day you know we get our chances on these days. i think that cimarex is interesting, too a nice run but still cheap i like diamondback because they have an accelerated $2 billion buyback program they just announced. they're lowering debt, they're lowering cap x, increasing production i think for craig i have a question for you do you think that we're going to

start to see -- because prices are higher, do you actually think we're going to start to see cap x actually reverse we've seen it decline, which is very disciplined do you think given the higher prices we're going to see cap x increase that would be, i think, the death nail for the group. >> right what i would say is i think the answer is ultimately yes, i've been impressed by the capital discipline across the entire energy patch so far. when you look at 4, $5 gas prices and the fact that we are trying to move more toward a green sort of energy production in this country and nat gas fits into that better than coal would you see those productions start to come back. >> unless in europe where coal production they're desperately trying to come back online because of heating concerns. we have part two of our special round table panel coming up in

just a few minutes we'll get some of david's picks as well, some commentary, sit tight, grab another cup of coffee we'll be back in a couple minutes. it's friday, time for a fan favorite our weekly exclusive look at the top five insider buys of the week, including a giant $21 million buy on a retail stock the name and our round table debate all to come dow futures down a touch we're back right after this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones

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time now for our weekly special insider buying segment something you only see here on wex. we highlight the top five companies that have the most inside buying by executives. and today one of the biggest buys that we have seen it's a retailer. let's kick it off five to one. the fifth most insider buying this week is martin transport, a board member buying $226,000 worth and that is a rare insider buy at the trucking company. they have not had many stock number 4 is trinseo, a board member who happens to be the ceo of church and dwight bying $242,000 worth of the company. third most, at enterprise product partners, epd, the ceo,

that pipeline company coming in for the second time this year with a buy of $520,000. number two, oscar health and a $1 million purchase for the ceo, who by the way, was a seller at their i.p.o. earlier this year, made a bundle of money so using some of that money, anyway, to come back in and actually buy more of oscr. but the most insider buying this week is a big one. it's at the retailer dsw shoe warehouse. the parent company is called designer brands. and its chairman is stepping up with a big $21.3 million buy now do note, he also bought 12.5 million worth of stock back in march when many retailers were still beaten up

so he's making a very, very big bet, what 33 plus million bucks on his own company this year so dbi, designer brands, certainly a name to watch. there you go your top five. martin transport, trinseo, oscar health, designer brands, keep in mind these stocks have largely out performed the broader market they're up an average of 22% this year and 17 have doubled in the past year. doesn't mean they've doubled since we brought you the names but it does mean insiders have had pretty good timing for majority of these stocks as we head to break, we're going to get back with our special panel in just a minute talking more about their stock picks. let's also remember it is hispanic heritage month and all month long we'll highlight some of our friends, colleagues,

contributors, anchors, reporters. here is former goldman sacks' cfo. >> my mom told me spanish was important. i'm a computer scientist right one day i'm doing my trading on the desk at goldman sachs, the boss came by said marty someone told me you speak spanish. i need you to go talk to our clients in spanish risk management that moment got me out in the world, cnghaed everything on wall street. thank you, mom 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

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had started on this cross of allowing more corporate defaults in the past. the surprise is that evergrande is one of the largest ones and i do think that, you know, evergrande could be used as an example of what happens when companies become too big and aggressive in the bond issuing

and investing. >> it's a lot of risk. so to keep going down these other ways of essentially scaring the private sector but kmesedly and overseas strikes me to be surprisingly risky i can only think it relates to some belief they have, they need to be serious about making chinese wealth increase be a bit more equal. >> when they start playing with interest rates, then they're talking about inflation, which is the big fear for retirees maybe they're starting to realize there's some stickiness to this inflation risk and while they're happy right now, i think that's going to be a big story in 2022 that we're all going to have to watch. >> options market sentiment until recently has been very glum it's been more demand for hedges those trades are ones we are actually seeing more and more investors doing, they're monitoring the down side hedges and reversing the buying calls,

their buying call spreads and expressing much more bullish sentiment that we've seen in a while. all right. welcome back let's get part two of our special series "go big or go home". we've got some great stock picks all week long from our panel, stephanie link, craig johnson, david katz and vance howard. david i want to start with you on this round. let's talk about u.s. bank corp., because -- and i want craig to respond because not only a bank he knows it's in his backyard in minneapolis, minnesota. what is it about usb, not just a computer cable, it's a good stock ticker, what about u.s. bank corp. do you like right now and then craig i want you to respond? >> had a good week, we talked about it on tuesday morning, shortly after we spoke they

announced a fairly major acquisition of union bank on the west coast, about 6 to 8% of creative so we think it's a good shareholder oriented move that on top of the low valuation, they'll be a beneficiary stock has bounced nicely but a lot of upside. >> craig, what do you think? >> brian i would add in we're overweight the financials. i'm all in on david's pick here. the relative strength is picking up and i can see the recent down trend reversal so setting the stock up to go back to the highs is one that makes sense and one we should be buying in the financial sector. >> vance you recommended a stock and we talked about this reopening trade. unfortunately we talked about a lot of people, you know, millions of americans have reported that maybe their body shape has changed i'm trying to be polite saying they gained

weight tens of millions of americans gained 25 pounds or more they're going to need a new wardrobe we've all gotten loosey-goosey in how we have dressed, does that fall into the lulu lemon thesis or is that something different, and then stephanie i want you to comment on lulu. >> sure. >> vance >> i love the stock. you know, i asked my wife last night at dinner, she wore stretchy pants and she said she did. she runs in them every morning i think the beautiful part of the trade is the chart pattern looks wonderful. anybody buying lulu lemon, they need to ride this trade to the end this has a lot of legs to it follow it up with a 15 day moving average or 50, on any pull back buy the trade. but i like the stock a lot it's an interesting play and i did get a kick out of the fact you were calling it stretchy pants i got a lot of comments on that the other day. >> stephanie

>> so i love lulu, i love the product. my 14-year-old has more lulu than i do and all of her friends have it. my husband has it and that's a big theme. the men's business and they expect to double this business over the coming years, they have a huge international presence and they're increasing that presence so i would say it's a great story, but perhaps maybe we get a better buying opportunity if, in fact, they have the same supply chain issues that nike had and talked about yesterday it's not cheap, 58 times forward estimates, that's my only beef with this thing i think everything else is humming along. i owned it in the past, i don't own it now i'm hoping we get a look at the supply chain disruptions and maybe get a break in the name and get a buying opportunity >> look what nike said, they're not going to have normalization until maybe the middle of next year because of all those

dislocations this is a real deal. nike shares down by the way, david katz i want to go back to you and then i want someone to comment on some of these names that you liked qualcomm, going back to semiconductors, david. i feel like qualcomm is the forgotten giant. they were in this ip pat tent liti litigation for a decade. they're out of it and yet they don't get the attention a lot of other companies do, why not and what is it about qualcomm you like right now >> we like they have a great franchise, they're the cuts of the communication part of all cell phones, expanding into automobiles, industrial products you're right they had a good run the last year but nowhere near as much as other semiconductor companies so there's potential to jump aboard 5g is going to be a huge trend you're getting it at about 16 times earnings

>> craig i'm going to put you on t the spot because you're good like that. stephanie also recommended prudential as part of her picks. do you have a view kind of -- you referenced u.s. bank corp., do you have a view on prudential new management, kind of a reset for the company. any view on pru? >> pru looks productive as i've looked at the charts, brian and i'll tell you again i like the financial sector to me it looks like we'll see rates work their way higher. our view is 150 to 171 by year end. i think you'll see the financial related companies continue to outperform and i think prudential is going to fit into that perfectly i like that stock and it's another one i think should be bought >> a lot of love none of this was planned i want our viewers to know that. we're just throwing you guys on the spot because we know you can handle it.

that's why we love you thank you for being part of our "go big or go home" series this week guys. we'll let you get coffee or go back to bed, whatever you want thank you all very much. >> thank you. >> when i say go back to bed, i'm saying that for a friend our special series rolls on next week we're going to get their picks and then do the same thing, kind of recap with some really good names for you guys if you missed any of the interviews, they're on our website. cbs.com/worldwideexchange. that does it for us this week. hope you had a great week and have a great weekend "squawk box" is next

good morning, stock futures relatively calm after yesterday's rally, the dow is now on pace to break a three-week losing streak we'll show you what's moving right now. evergrande investorsare in limbo awaiting news from the company on an $83 million interest payment due yesterday we'll take you live to beijing where they're trying to make crypto trading illegal a look at that, too. and a 1.4% plus ten year, too. so all these things are happening this morning finally the cdc director overruling an advisory panel and approving the covid booster shots for millions of front line workers, we'll tell you what's behind the decision, friday september 24th, 2021 "squawk box" begins right now.