>> josh brown. >> gm heading back toward that high from earlier this year. i like it. >> okay, and pete. >> mgm, scott. they keep coming for more. just bought another 15,000 upside calls this stock's going higher. >> good stuff. thanks for watching. the exchange is now. >> thank you very much, scott. hi, everybody. welcome and here's what's coming up on the exchange we're more than halfway through. that's how far along the market is in the bottoming process according to one portfolio manager after yesterday's selling into the close he'll give us the names to buy and what he call it is challenging road ahead plus, boeing's deliveries. manufacturing quality problems still plague one of its flag ship models. the boeing regain its previous footing with both investors and

the public and analysts say buy this, not that including a number of industries including gambling, pharma, and tech we'll put it to the test in rapid fire four different stories in the past hour. >> and four different stories that haven't really tugged one way or the other we've seen marginal gains and losses hovering closer to the lows of the session. at the highs, up 13 points, down 11 at the lows 43.54, the last trade. the nasdaq composite, flat, and dow industrials, similar very much a calm market today. one place that's not calm, shooting to the upside over the last few days has been solar related stocks many of those names have been hot in the trade over the last couple of days invesco solar etf is off of its session highs, but still up about 5%

it's been a decent move higher many oil prices have made alternative energy prices higher, but as you can see, even with rising oil prices, that hasn't played out so maybe there's a catch up trade or a bit of momentum that could wane. then one other place to watch a dow component, shares of apple moving to the downside by about two-thirds of 1% the company comes out and discloses it will have a new event. on october 18th where it's expected by some analysts and industry watchers that apple could introduce new models of its i macs or mac books, computers and air pods so another event apple share, they've been an underperformer on a year-to-date basis. back to you. >> that's just about a week away i know we talked about air pods into that event and didn't get them thank you very much. we appreciate it as markets head for another up and down day, investors ask

themselves if we've hit a bottom in this selloff. our next guest says no, it's a challenging environment and we're in about the sixth or seventh inning robert, it's good to have you. good news or bad news depending on how you look at it. better than being in the first inning, i guess. explain how you would sort of analyze the present situation. >> stock prices run up just like any other asset class and eventually go on sale until inventory matches up with demand i think that's what we're seeing sure, there's a lot of issues. inflation, concerns about the supply chain, tapering, thefed raising interest rates but eventually, these things will pass. the supply chain is probably the easiest thing to get resolved. and i think we're just in the middle of repricing this right now, but the good thing about it is i think we're further along than just halfway.

so if you want to take anything positive out of this, it's creating opportunity to step in and buy quality stocks for what is going to be a pretty decent, okay future moving forward >> so, in other words, you think this is a repricing because of concerns, but don't markets usually climb walls of worry why are we descending this one >> i think you could say we're climbing a wall of worry throughout this summer all these concerns are really well-known and yet, we made what, seven new highs in august followed by 11 new highs in august and seven new highs in july so talk about a wall of worry. i think that's exactly is going on really just as soon as labor day and we started into september. >> so let's pick up with some of your stock picks which we've shown here merck, chevron and ulta.

do you think these will do well in a sideways to lower environment or are these name, i mean, they're all a little bit different stories. chevron itself, you could see it having more near term upside, but i wonder about the long run. >> so i have a price target on chevron. about 139. that's about a 31% upside. what you're seeing now is oil trading up about $80 a barrel. people start to think 90 talking about it this morning. you're probably thinking 100 and so you know, this supply chain issue with oil and natural gas is going to run a bit longer so you could probably see oil trading up to 100, 115 so that takes chevron going forward. what i think you want to do is focus on quality and sort of low volatility chevron's really low volatility when you compare it to some other companies. then merck has a game changer. scott gottlieb was on the tv yesterday and telling you how

important this drug is going forward. and so i have a price target on merck of about 99. so 99 is 24% upside at the current level. the stock has sold off on the initial pop. this is giving you an opportunity to get into a quality company, a low volatility company with a fantastic drug going forward my last take is really just sort of maybe waiting for it to triple or more than that maybe a possible home run. ulta this is the kind of company that is pricing power people that go to ulta are dedicated, loyal shoppers there so they're going to pay up they also are more in demand than just other states and so on ulta, probably another 25% from the current level so ulta provides you with that growth opportunity, with that loyal customer base, with that pricing power. >> i'll let our viewers draw

analogies as you talk about these baseball analogies merck, chevron, ulta, thanks for joining me today we appreciate it >> thanks a lot. >> we just got news out of the bond market. it's reopened today with yields to the upside. ten-year note auction top of the hour rick santelli, how did it go >> well, not as aggressive as i thought. i thought it would been an a plus, but a b plus isn't bad, kelly. they really jumped at this and it made sense. we had a big run we moved up to the 1.6 almost without a setback and of course the weak numbers on friday gave pause and investors jumped all over it let's go through the internals the auction yield 1.584. pretty spot on to where it was trading but all the metrics, whether it was pick up or indirects, all were very solid

dealers take 11.2% now it isn't the smallest amount, but it's close to maybe the fourth smallest amount in the last ten years, so very solid. you don't want dealers taking it you want investor rs cs cleanine table. i think what this tells me is that after two-week later reports, there's going to be significant results on the yields on the 1.66 level so watching investors step in with a four-week concession makes perfect sense. >> there's the ten-year now, 158 in the wake of all that. thank you very much. it was good news and bad news for boeing. orders outpaced cancellations for the eighth month and delivers of the dream liner remain halted. that seems to be the crux of the investor battle over whether to invest in the stock or not

jim cramer remains faithful but the company feneeds to show a level of leadership. so what will it take for this name to catch up shia has a buy on the stock with a $300 price target. where are you? >> thank you so much i'm actually at ausa, the army trade show, and i'm standing behind the manufacturing b 280, which is a big army competition coming up in the spring of 2022. it's an $80 billion program, so it's one of the army's top priorities for its future aircraft >> i thought it was more than just a work from home background or something very, very cool. so tell me, maybe what would be the catalyst for boeing stock to break out from here? would it be dream liner news or more covid related what do you think? >> sure. i think boeing has several catalysts from here. first, total air traffic is 37% below 2019 levels.

you don't see that in a lot of markets. second, the math you know, we're seeing the max deli deliveries improve to 14 a month, 18 a month,heading to 18 a month next year. those are improving. china is a big catalyst to get it going 20% of the backlog in deliveries for the boeing the -- it hasn't delivered any since may. that is holding back the stock we cut our delivery forecast to 14 because of the current delivery halts and the issues the dream liner is seeing. but you're right actually it hasn't resulted in cancellations just yet we only saw 177 canceled this month and boeing actually has 302 orders ahead >> so the numbers in that sense are moving in the right

direction. what about reputationally? i can't tell, it's like when there's car fires with the tesla and everybody freaks out then we hear well, there's a car fire with the regular car that every ten seconds isn't reported on. are these manufacturing issues for boeing more problematic to the stock, kind of like when chipotle had that food poisoning because they are just emblemmatic of a nervous market or because they revealed that the boeing design process is more flawed than people thought? >> i think the max was grounded and had basically received reentry into service in over 175 denominations with over 155 total. the 77 is not grounded it's boeing and fda deciding to do work on the fuselage. so i think there's increased scrutiny that's why in both aerospace,

the program behind me, there's a lot of scrutiny when it comes to aircraft programs. it takes years and years of development. if the max had not existed, the 787 issue wouldn't be as magnified. >> even though you're standing in front of that texttron, looks like a drone >> it's a tilt rotor helicopter basically the army aifuater hadn't upgraded its fleet since the '70s it's competing against the lockheed boeing competition. >> fun to get a glimpse there. thanks for your time joining us from jeffrey's today. coming up, bitcoin touching its highest levels since may is the crypto becoming a more stable asset and what's the future of regulation for the

so-called stable coins we'll explore with a key player. plus, we'll speak exclusively with the ceo of quest diagnostics of the future of covid-19 testing, their new testing lab and the effect of vaccine mandates on corporate testing. stay with us on the exchange

we got a news alert on coinbase the company has made a major announcement about nfts. >> coinbase is launching its own platform they say coinbase nfts will be a marketplace for minting, buying and discovering nfts it plans to add social features and talks about making the buying process easier. it's supporting ethereum based standards and will add other block chains down the road they're starting with a wait list nfts have really taken off this year they're essentially digital collectibles it's the latest move by the company to differentiate in a pretty crowded crypto trading field. competition is heating up with robinhood, square, sofi and

others it's another way for the company to diversify revenue and adds competitive pressure to open seed, which is still a private company right now. the move comes amid more regulatory scrutiny for the industry coinbase saw that firsthand last month when the sec threatened to sue the company over its proposed crypto lending program. today, coinbase is seeing delays on its platforms with transfers, buys, sells, deposits, withdrawals and some trades. we're keeping an eye on that >> any explanation from the company as to what's causing that and what would they bring to the table in the space that these other marketplaces doen't offer? >> no comment from coinbase. they sent us and said there's degraded performance for a full, when it comes back online, but it seems to be affecting some transfers in and out of banks as far as coinbase in the nft, they talk about making it

easier they have scale for one. it's seen as first mover in crypto they're the last mover here in the nft market there's a lot of players out there already. they can bring scale they've got millions and millions of customers so it's probably easier for someone to open up an nft marketplace account if they have a coinbase account. they also talk about user experience that's something they've got just the scale to add a really great app and user experience where competing with the likes of coinbase for one of these nft startups is likely going to be harder they talk about social network so it will be interesting to see what this looks like, but it's not launching just yet starting there with the wait list >> always a way to build excitement and drama thank you so much. appreciate it. as the crypto world expands, the government is cracking down. the biden administration pushing for more regulation of crypto currencies, especially stable coins, those are pegged to

assets like the u.s. dollar. they're supposed to be stable, but the yale school manager said this can provide a false sense of security. >> we don't know what they really hold back in these coins and there seems to be two views. some are skeptical some believe what they say i think it's time to look into this carefully now rather than wait for another flash in prices >> joining me now, the cofounder, ceo of circle, which launched the stable coin usd coin with coinbase welcome, and when you guys launched the market share of tether was pretty much the entire market. where are we today >> thanks for having me on, kelly. yeah, it's been an incredible evolution. if you laook at early 2020, pre-pandemic, usdc was a fairly small percentage of the market

growing 10x in 2020. now at 33 billion and approaching 50% of the size of tether we've seen really dramatic growth not just in the amount in circulation, but now well over a trillion dollars transactions happening on block chain >> i remember "the wall street journal" reporting on this over the past week, but have they said they're likely to regulate stable coins as banks? >> well, so, there's this process going on with the president's working group on stable coins that includes chairman powell, secretary yellen, chair demsler and other key financial regulatory agencies and their staff. they have been looking at, you know, as dollar stable coins grow to be much larger in scale, what's the right regulatory framework for those. and so we've always believed

that when things like usdc got to be very, very large, that it made sense that those under some federal supervision, you know, banking and payment system like supervision, that seems to be the consensus around the world that is to some degree what "the wall street journal" was reporting is likely to come out of this. >> and you guys have been releasing monthly reports to try and be more transparent about what is backing usd coin versus something like tether, which there's been more rampant speculation about is or isn't backing tether i guess my question is could you go a step further and be more transparent about your holdings precisely because there's such a level of mistrust and confusion within the crypto community? >> yeah, i mean, it's fascinating. when we introduced usdc three years ago, you know, first of all, it was done under a government regulatory framework. the same regulatory framework that applies to all the money you hold with paypal or stripe

or square or other leading pay payments companies we're examined by governments and state banking supervisors all the time, by global public accounting firms so there is actually you know, consumer protection laws that we have to follow and that includes insuring that one for one you know, redeemability of an electronic dollar as it were, in our platform that's always been the case. but we went a step further and have self-station. provide more transparency. clearly, the anxiety that's existed around something like tether has increased the demand for that so we've started to provide a lot more transparency, really breaking down, you know, cash, cash equivalaents and respondin to the market very much as well. ultimately, right, this gets to a place where when you've got hundreds of billions of dollars in these forms as a new kind of payment system, they're going to

have to be transparency and disclosure standards that are set up through regulation as well >> it is very analogous sort of the way that people use stable coins as kind of a holding place for their money when they're -- they don't want to have to on and off ramp from these platforms all the time i totally understand the need for that there's a gazillion different kinds of these things available which maybe speaks to why regulators would like to clarify what's okay and what's not okay. the final question i wanted to ask you is more of a philosophical one from the crypto point of view it's about the idea that bitcoin itself is hard money and can't be affected by rampant credit growth i just wonder if stable coins have allowed for some of that growth that is making bitcoin resemble that system it was supposed to replace than one that is quote, unquote, hard money. >> well, i think a lot of crypto economic systems, whether they

be core currencies like bitcoin or even stable coins like a usdc, are trying to build on model os f more sound forms of money. and i think some of that is, you know, in the monetary sort of design of something like bitcoin. in systems like usdc, we're very much a proponent of full reserve banking. a model where the entirety of the what would be effectively deposits are held in full reserve as opposed to lend out in a fractional reserve model. i think there's significant and positive arguments to make that it's possible to build a more efficient, more resilient, more fair, more inclusive and more secure financial system on more sound money principles >> if everybody withdrew their usd coin tonight, would they get a dollar for it? >> they would. the design of this is obviously to provide that exact form of

redeemability. we have a track record obviously of supporting an enormous volume of redemptions i think you know, in the tens of billions of dollars of redemption value and that's really key when you're dealing with a fundamental payment system >> jeremy, thanks for your time today. we appreciate it >> thank you, kelly. >> circle cofounder, chairman and ceo. and still ahead, a teacher shortage is hitting classrooms across the country as covid created a perfect storm for burnouts and earl y retirement we'll look into the lost workers of america when we continue.

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welcome back the dow down 40 points pretty even declines looking at decline, about a tenth of 1%. amgen and verizon are sliding to their lowest levels since early 2020 almost two-year lows verizon is down 1.7% at&t, we were just talking about sinking to the lowest levels, a 2% decline today you have to put that into context. it's near an 11-year low both wells fargo and barclays, the stock had eight positive days in september and not a single gain of more than 1%. alibaba got a temporary bump on a reuters report that the founder was spotted in hong kong today. there you can see it turning positive earlier now down just under 1% he's been largely out of view since the china crackdown started last year and shares are down 30% this year now time for a cnbc news update.

>> here's what's happening the fda has taken no position saying two doses with enough to prevent severe disease and death. the fda staff also didn't take a position on pfizer booster shots, although they were approved the day after columbus day, kamala harris telling native americans that the u.s. must address the damage done by european explorers to native communities. >> those explorers ushered in a wave of devastation for tribal nations, perpetrating violence, stealing land, and spreading disease. we must not shy away from this shameful past. >> and in orlando, a driver caught the moment when a crane collapsed at a construction site next to a highway here so one person was hospitalized after being hit by debris. two others were treated at the scene. and on the news tonight,

what really happened to gabby petito full coverage of the autopsy report that's due out later this afternoon. tune in tonight at 7:00 eastern. >> thank you very much coming up, draftkings versus penn national. texas instruments versus analog devices and facebook versus netflix. which names the street is buying in today's head to head edition of rapid fire. ri right after this. if i could, i'd ten-x everything. like our lunch. (laughs) amazing! see it. want it. ten-x it.

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welcome back time for a special edition of rapid fire on deck today, a handful of calls. here to help break it down, dom joins nancy tangler and michael yoshikimi. roth capital niinitiating coverage they're betting on shares of penn national. folding on draftkings as a sale. they don't think draftkings share is sustainable penn national shares are down 4% >> if you look at the chart you

showed, they track pretty closely. at least they have for the better part of the year-to-date period over the last year. what you want to see is whether there's a reversion back to the same trends. despite that call, you have both stocks higher. there's a general sentiment for i games. online poker, sports betting that franchise is one where you could see yes, more upside, a total addressable market that seems to grow and bring everybody up with it the other names that would be interesting to look at is rush street interactive a name that a lot of people don't talk about, but does power a lot of the online gaming platforms for state sanction that's sugar house betrivers.com. an interesting call, but it's hard to pick a side when you're taking a look at these names because i think a lot of people that to it are trying to play

for the whole industry to go bigger >> michael, over to you. i like the idea of buying the picks and shovels of the gold rush, which the last name that dom mentioned. >> yeah, well, i think you know, when you look at these kind of call, when you look at a sale and a buy, what's really the catalyst for the buy i think you know, obviously the analyst is not here, but if you look at what's going on like penn, they just got approval in canada to expand the business model. that's probably what the catalyst is. both the stocks are floating along. the overall industry is going to continue to go up, but i think penn is getting the push because of the canadian regulation i'm a little skeptical that draf draftkings is going to have the problems that analysts are talking about. >> okay. nancy, the final word on this. the analyst we had on about a month ago to kick off football season said his concern with penn was that it had been

underperforming despite the brand's popularity with ge nernerk n z and the younger groups. in other words, the apps just work very well >> yeah, i think that's a valid point and i think that the performance is the reason the stock is interesting here. we've been looking at it for a long time. as someone who learned to read on the racing forum, i like the broad-based nature of penn's business and the fact they have tremendous cross sell opportunity. if you're looking for a new name, this is an interesting one to pick away at because it's going to benefit from the overall market total addressable market growth, but also maybe not at the same level as some other names. but i think it's a same name decent multiple. >> so votes for penn from the whole space and i'm less worried about teaching my kid to read now. you can learn that way next, ever core is swapping

facebook for netflix the firms say facebook is still attractive despite a 13% selloff on the whistleblower stuff but they say it's time to step aside after netflix's recent rally. the shares are up 16% in recent months despite a subscriber slowdown in q2 michael, facebook versus netflix? which would you? >> this is a valuation call. the call is being made that netflix has had a huge run and facebook is under pressure it's hard to buy stocks even if they have tail winds it's hard to buy stocks that have this kind of momentum forward and are this high priced so i think facebook is the better valuation stock right now. all right, nancy >> yeah, you know i'm a reluctant shareholder. i think the management team is smug at best cynical but the business model is hard to argue with. the blm boycott resulted in them growing advertisers and although they've seen recent slowdown, i

just don't see how this business model gets upended so you know, bad governance, not great management team, but a great business model >> two votes for facebook. what would you add >> when you look at netflix, over the course of the market volatility we've seen in a lot of megacap companies, facebook has a relative outperformer. a real standout hitting record highs despite things have sold off. we're report eers. we like to talk about narratives and stories. which one is driving netflix is it still the pandemic effect? is it squid game or is it that netflix might be immune? could be a great story or movie down the line. >> or maybe a great stock in that case. a quick programming note

the evercore analyst behind that call will be on "closing bell" today and morgan stanley seeing limited upside in the pharma space ahead of q3 earnings they're bullish on pfizer and merck, upping the target by about $3 mostly on covid vaccine and treatment sales and lowering their bristol myers target citing failure in a key drug pfizer and merck in the green this year. a rougher slog for bristol, which is down. >> we lowered our exposure to the traditional pharmas. happily we exited amgen a while back we've been redemploying in cvs and the pricing increases they put forward were just 10% so i think there's better places to be manyin this market >> it's lowest level since early 2020 so even as the number of people

have been coming on air and talking about how healthcare is the place to be for stagflation or different reasons it's undervalued we talked about biotechs have been a rough trade do you think pfizer and merck kind of are the obvious candidates for outperformance? >> there's a lot of questions there, kelly let me see so i think pfizer and merck, i think are, we're not on the timeline for pharmaceuticals we think pharmaceuticals with the new rna platform in terms of vaccine development is going to be a great area. that's something you didn't mention, but i think that's a big reason you buy these pharmas. just like a medical device sort of names and just sort of traditional pharma that are not really cutting edge. not really vaccine development, i'm more cautious on >> dom, we could have told two stories about healthcare one is that the race to respond

to covid highlights the attractiveness of the whole asset class and the other is that it sucks up all the oxygen in the room. the latter seems to be at play >> that's the whole idea behind pharma we haven't talked about the companies out there who have made breakthrough drug designations there for some of their drug's approvals because the entire narrative has almost been driven by covid. i'm not sure how long that lasts. in fact, i hope it doesn't last because from a human race standpoint, i think that covid hopefully gets in the rear-view mirror at some point, but i think it's interesting because the one thing that i thought about in this pharma story, it might be this whole east bay connection that michael and i have when i think of large cap pharma, i think of dividends precovid, i just thought of dividends. that might be one of those things that investors are keying on, although i'm not sure if interest rates go higher, how much those dividends become more attractive >> if they don't or if it's a slow climb, they still look

pretty good from here. before we leave, let's talk about this last call citi isn't ready to bail on the chip wreck just yet. it's maintaining buy ratings on two key names but shuffling their rankings they're dropping texas instruments on weak third quarter guidance and moving up analog devices citing margin upside driven by the recent merger both of these names are seeing nice gains this year trailing the market though, they're up about 10% apiece. nancy, you know, whether it's these two names in particular, sort of others in this space, what would you do here >> we like the chip space. we're long, overweight, and in semiconductor equipment, but i love texas instruments as a company. and you know, at the margin, adi might outperform in the near term, but you've got a fabulous management team. the capital allocation plan to michael's point about dividends is fantastic this is a 2.5% yielder with 18%

five-year or 22% five-year growth and they're in the space that has the strongest demand. autos and industrial demand is the strongest in total and that's 24% of total addressable market for semis so i like it i don't agree with the call. i like the whole space broadcom, lamb research and i can't remember the last name >> hooegs concerned about notebooks in some part of the space, but look at the market. it's still very much acting like the shortage and long-term structural demand stories. >> i was with you for that interview, we were sitting onset next to each other over there. when it comes to chips, the reason why people look at texas instruments so much in that

situation is because it really is the bellwether for the entire chip and sectors their chips go in everything washing machines, cruise missiles but when it comes to these, there's a di lynnuation that's happening versus some of the other specialty devices. there's a big focus at least from a lot of traders i talk to on names like nvidia, advanced micro devices. so that could be something where it's not just about adi, but it could be others out there and even some of the biggest players like nvidia. it's the biggest one out there >> if you think about what will require more and more power, the answer is virtually everything that's why we think ti is well

positioned there's going to be tremendous amount from auto, washing machines not the exciting stuff the stuff we use every day is going to swallow up chips. >> all right a couple of votes of confidence there. this was enjoyable thank you all so much. dom, nancy and michael on this face off edition of rapid fire coming up, we're sticking with the head to head theme in semis. even jim cramer is getting in on the action with his newsletter the stock he thinks is one of the best bets, next. i've spent centuries evolving with the world. that's the nature of being the economy. observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time. gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage. why is cvs pharmacy® america's choice for vaccinations?

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the best way to gain exposure to valuable end markets you can read about his trades in his newsletter stel ill ahead, shares of qt diagnostics are up with corporations mandating the test for unvaccinated employees, we're going to speak to the ceo abwh tout athe rising popularity of home testing means for quest. right after this break one day, you're gonna take a hit you didn't see coming. do you stay down? or do you get up? [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪

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yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call... for fifteen hundred dollars off your kohler walk-in bath. visit kohlerwalkinbath.com for more info. shares of quest diagnostics are higher today, but lower about 9% over the past month despite hiking full year guidance in september. this comes as companies have been implementing mandatory covid vaccines or weekly tests joining us now to discuss in an exclusive interview, meg is joined by the ceo of quest diagnostics. >> steve, thanks so much for being with us. a big day for quest. we understand you're opening a brand-new facility here in new jersey not just for covid testing, but for all different kind of tests,

but i want to ask you, you raised your guidance to 40,000 tests per day for the rest of the year are you doing about that money or is it going up? what are things looking like right now for covid testing? >> thapnks for having us. as we approach this year in 2021, we expected our testing volumes to come down and it did in the first half, and what we did see starting in june is actually a resurgence of covid testing and so in september, as you said, we did update our view on what we expected and said about 14,000 tests per day and actually in the third quarter, we published the data frequently we're doing more now but we do expect as we come out of the third quarter into the fourth, that that would come down some.

>> is that because you're anticipating the sort of delta surge has been leveling off and we all keep hoping it goes in that direction how do you plan for flu season and a winter covid surge are you anticipating it might come back up or go back down >> we're watching it carefully we see the infection rate going down through our country and usual usually an indication of how much testing volume. we're watching what's going to happen with flu and cold season. when people have symptoms, it could be from the cold or flu, that we'll have covid testing as well so we'll see what happens in the fall as you know, last year, we had a very mild flu and cold season and so far, it's been mild so far but we'll see what happens as we get into the fall. >> what are you seeing in terms of quest's involvement with back to school testing, back to work

testing, as we start to live with this virus going forward as some have predicted, it will become endemic how much are we going to be used just be tested on a regular basis in our daily lives >> we had investor day in the spring and what we said is that we believe covid will continue to be an opportunity for this year to continue to make the contribution we have, but it's not going away anytime soon. we actually see our work moving from what we have described as being clinical covid work to more return to life covid work and some of that is the return to school programs return to the office programs. and return to leisure programs where he we will have covid testing in

'22 going forward. we believe this will be part of our paortfolio for a while >> stay in touch we appreciate your time. >> thanks. have a kbgood day coming up, we'll take a look at how covid impacted the already struggling education acrsutf nd what's keeping tehe o oschools. back in a moment that's the thing about claims, you see. they don't happen on your schedule. i mean, take a chestnut, it doesn't just say “oh, beg pardon, sir, but is now a good time for a jolly bit of window cracking?” i mean, if they did, you wouldn't need a geico claims team that's available 24/7. but, near as i can tell, chestnuts don't talk. or maybe they're just really quiet.

geico. your claims team is here for you, 24/7. well, got things to do mr. chestnut, so...

there's a shortage of teachers before the pandemic, but now it's worse with covid triggering early retirement and burnout. kate is here with a look at where the teachers are and the e ev efforts to hire them >> data show nearly one in four teachers said they were likely to leave their jobs by the end of the 2020, 2021 school year. that number was one in six

pre-pandemic and nearly 80% reported feeling job related stress one says he was frustrated over his florida school's lack of accommodations to teach remotely last year. >> i felt for the students i didn't want them to be endangered i didn't want the staff to be endangered or my family. by this point, it killed almost half a million people. >> now, part of the problem is that employment hasn't kept up with enrollment. over the last decade, there's a shortfall of nearly 600,000 publication employees needed to serve students with teachers making up about half of that number, kelly. another challenge here, vaccines recent aft data show that two-thirds of k-12 members do favor a requirement unless employees have a valid medical or religious exemption more than that, but not a home run there. >> and how quickly can younger

teachers step up if they do it all? >> that's right. another shortfall there. there's not enough to feed that pipeline so people are retiring early. some younger teachers are burning out and some are skipping it entirely a huge problem for sure. >> kate with the latest there on that aspect. that does it for the change. "power lunch" begins right now good afternoon, everyone welcome to "power lunch. here's what's ahead on a busy tuesday afternoon. a bank stock breakout on the eve of earnings. is it time to bet on a niche financial? we'll speak to an analyst who says yes, it is and he'll give us the name. and everything is bigger in texas. including the brawl over vaccine mandates tillman is here, his business empire based in houston. he will weigh in on the controversy and how business is going. we'll even talk a look a