day cruise we are talking about later. >> 271 days, around the world. join me one day, we'll go. >> i will talk to you later. thank you, everybody, for tuning in to "the exchange" today "power lunch" begins right now welcome, everybody, to "power lunch," i'm tyler mathisen here is what is ahead this hour. boot barn sales are up 67% from prepandemic levels the stock more than tripling over the past year the ceo will be here to discuss his business and what comes next plus the ceo of ray mopped james. the company reporting record quarterly numbers. the stock up nearly 60% this year we will follow the money to find out where his clients incesting. and lucid shares are skyrocketing this. ev maker is one of this week's hottest stocks we will talk about that and

more. >> hi, everybody the s&p 500 hit 4600 for the first time ever in today's session. we are just about two points below that right now dow is up 56, half the session highs. nasdaqing on to a one-point gain microsoft is surpassing apple today to become the world's most valuable company apple missed revenues for the first time -- revenue estimates for the first time since 2017 on supply chain issues. the stock down 2 of 6% today making it $2.44 trillion microsoft adding nearly 2% to make it $2.48 trillion incredible sizes here. what a comeback story for microsoft over the past ten years or so. chinese tech is lower. the kerks web on track to snap a three-week win streak. it's down 4% >> kelly, the words, inflation, and higher prices seem to appear in nearly every earnings report we hear about. today more proof of that inflation is here in a big way

the commerce department reporting today that annual inflation rose at the fastest pace in more than 30 years last month employment costs rosed a the fastest annual pace in 19 years. but treasury secretary janet yellen says inflation is decreasing and that the spending bills could push it even lower. >> the infrastructure and build back better packages are spending that's really small relative to the economy in any year and spread over ten years and as i said, it will boost the economy's potential grow, the economy's supply potential, which tends to push inflation down, not up you know, for many american families, experiencing inflation, seeing the prices of gas and other things that they buy rise -- what this package

will do is lower some of the most important costs, what they pay for health care, for child care, and it's anti-inflationary in that sense as well. >> is she right? and what happens to the economy if she is not, or if these bills don't even pass? joining us now are michael fehr, and ron insanaa. fehr, and farther, welcome, gentlemen. >> fehr and wide i keep going with that one. >> i keep coming back to it. if it doesn't work the first time, it will work the 11th time secretary yellen says that maybe pouring more money into the economy -- it is over ten years. it is not a big slug of $177 trillion immediately, will ultimately slow the increase in prices michael, do you agree? >> ultimately, maybe, tyler, but if you have a supply problem, right, you've got a lot of

money -- we don't have a demand problem right now. we have got people who want things we can't get them in ports prices are going up. price of food has gone up, price of fuel has gone up. lots of prices are going up. providing more liquidity just provides for demand. i think secretary yellen must be using some very, very creative mathematics in order to see how inflation will ultimately be lowered. maybe ten years out, but right now you add more cash to a supply problem, it creates more demand, prices go higher no, it makes no sense to me at all. >> michael makes the point you have got products that are in short supply because of supply chain issues, you have money put in in the firm of liquidity by the fed and the federal government and incomes that have risen. more dollars chasing scarce products that seems like a recipe for higher prices. >> yeah. i understand what she's saying, the money they are talking about spending is for productivity

enhancing exercises, hard infrastructure or human infrastructure the notion is making people or systems more efficient and more productive, custom as michael said in the long run does bring down prices. i don't think this is really spending to increase demand. i don't think this is necessarily cash in pockets like we saw during the pandemic. >> fair enough. >> tyler i have got to switch my view on the inflation all together i wrote about it last week we are in a post war environment. if you look at what happened in each of the environments after several of the wars that we fought, inflation jumped, demand jumped, supply was in short supply because productive capacity was limited resources were redirected during the war crisis for in this case the pandemic crisis. it took a couple years to work out. inflation after the war was 20%. people don't talk about this in that context some of the typical policy remedies that we are talking about right now may not apply.

i think the whole environment may require a massive rethink. >> you are talking about post war in the sense that afghanistan and the middle eastern wars are largely behind us but i wonder whether we are really not in some kind of cold war, certain, with china and with russia, that could wind up bringing in the kind of spending on defense and cyber security and other things that could be equally, if not more expensive than the hot wars in afghanistan, syria, and iraq. >> i am not referencing those what i am trying to say is that the pandemic itself was the war. >> yeah. >> we redirected a lot of resources. we compressed demand, and we eliminated supply. that happened during wartime periods in the past. coming out the other side, demand there always exceed supply, there will always be price pressures until the economy normalizes we talk about tightening, about a lot of things, talk about spending i am not sure you are going to

get the same responses in the economy from all of these inputs that we would at the end of a typical business cycle. >> michael, do you want to jump in >> you know, i think that's a fascinating point that ron has made it has been a covid war. we've got this supply issue, and it looks like -- i think and fed is recognizing it looks like it is going to be with us a lot longer we could have supply chain issues into the south carolina, maybe the third quarter. if we do, it's -- into the second quarter, maybe the third quarter. it is going to feel awful. but capitalism better than any other system can cure this issue. a supply issue goes away, and then we are left with demand, and probably a gdp number that's still going to be close to 2% when you look at growth of work force plus growth of productivity >> right. >> so we have got this rat going through the snake and we have got these prices that are going high for now it is uncomfortable, but it will pass i think ron's illustration in reference to history is exactly on target. >> quick final question, ron,

because we are starting to see the idea that the fed needs to raise rates gaining traction do you think the fed is behind the curve now? if they have to play catch-up, what's going to happen to the market >>cally, i don't think that raising rates is the an. it's increasing supply you can reduce demand to the lower level of supply that we have right now and create a recession as opposed to letting the supply problem work out and the let supply catch up to demand so i think that -- i rarely agree with bill ackerman on anything i think he is thinking about this wrong in the first place. i just don't think maybe these standard models -- when you are tightening monetary policy it is because industries are operating at 17z or 110% capacity.

>> a big debate in there. >> an sanaa is right he's right. >> interesting conversation, guys thank you very much. i appreciate you clarifying me on what war you were actually talking about. gentlemen thank yous. lucid motors is one of the hottest stocks this week shares begin gaining 50% over the past if you sessions despite the gain they are still 40% off of their 52-week high. phil lebeau joins us. >> the dream edition, being produced in arizona. think of it as a limited edition first model. boy is it limited. the deliveries start tomorrow in southern california. that's the reason it went up yesterday. it showed up on a lucid forum that the deliveries were going to be this weekend apparently a lot of people were surprised because they are

pushing the stock up like they haven't heard about this before. it starts at $169,000. once they get past the limited edition first run. i think there is about 550 of them the lucid air sedans start at $77,400. lucid production as i mentioned is happening just south of phoenix, arizona, at the company's plant in casa grande they started production last month. they will have 13,000 lucid airs when they start this product they already do have 13,000 lucid air orders we will get an update on this. i expect it is going to be substantially higher than this when the company reports its q3 results on november 15th as you look at shares of lucid, as you pointed out, it is well off of its 52-week high which was ier this year once they had announced a deal they had structured to move to market

and moving higher the last couple of days as the company announces it has not only begun production but deliveries start this week. >> i think tyler should have waited for us in new car. >> it is a sweet car. >> a lite of excitement around it it doesn't mean the buzz is coming out of tesla. the shares are not only up 20% this week traders are betting the rally is not over. bullish trades on the stock made up about half of all options trades this week that's according to the "wall street journal" citing data from cboe global markets. through wednesday, more than $900 billion in tesla options changed hands, roughly five times the total for its shares this week, the stock broke $1,000 and value hit $3 trillion coming up, a "power lunch" power player the ceo of boot barn is with us. the stock lassoing big gains

over the past year we will talk to the ceo about his brick and mortar strategy and whether it will continue to pay off. plus, chevron and exxon generating their biggest cash flows in years how you should react now in the trading sector our trading nation team has some ideas. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity.

moving is a handful. for smarter trading decisions, no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. welcome back to "power lunch" i'm dominic chu shares of devito down 9% tracking their worst weekly

decline since union of 2020. the move comes despite a beat on earnings and revenues for the company. though it did say it with lower guidance to below analysts estimates and up creasing costs from covid-19. executives on the conference call noted more than 70% of de vita's patients are vaccinated and new patients were approximately one third of the peak it saw last year. nonetheless, big declines for de vita. >> thank you, dom. one under the radar name has been kicking the tail of its competition in the sector. shares of boot barn up 138% this year and coming off a blow-out quarter that saw sales jump 67% over prepandemic levels. and it has a leg up in the supply chain as it sources nearly half its inventory from north america. kit keep corralling big gains through the holiday shopping surge? let's ask the president and ceo

of boot barn it is good to see you. a business is really good. when you do your comparisons against 2019 i look at sales more than profits. the sales have just been, well, kick you know what i mean, great. >> thank you very much for having me on the show. yes, the second quarter was terrific it's actually a sales trend that started back in mid march. to be honest, we thought it would be a bit more transitory and we got through the ends of march and then our first quarter and then our second quarter. that sales trend of 67% against prepandemic levels has continued. we are now a month into our third quarter and it has continued one more month we are hopeful this is a new floor. >> i think what people might need to though about your company if they are not familiar with it is it's not just fashion wear it is really work wear i mean there is a lot of work wear involved in your equation

let's talk about what you did differently or what has been happening in the market to cause sales to go up that much of the kind of western gear, work gear, that you sell. why has it gone up so much >> >> you are, we have really been capturing market share. when covid came and really started to emerge in march of 2020, we took the position to keep the stores open because we sell that work wear, we were deemed an essential retailer that decision to stay open continued to take care of our customers not only really securing that relationship, but enabled us to bring even more customers into the boot barn brand. once they were introduced to it, you know, it is unlikely they will go back to wherever they were shopping before you are right to call out that it's not really fashion. we sell western and work but most of even the western product that we sell is used for a functional purpose

our core customer is out there working sometimes on a ranch or a farm but they are working in blue jeans and cow boy boots or in car hart jackets and work boots. in either case, they work through that product and when they need to replace it they come back to boot barn. >> jim, it'scaly here. i am curious what you thought when you saw amazon's miss for the quarter and its kind of weak guidance is there anything that you as an expert, as a rival in some sense, would say about whether they are facing unique challenges are they losing market share or is this an industry-wide problem? >> well, thank you for the mention -- i am not sure amazon views us as their rival just yet. >> that might take a couple of quarters. >> that's right. i think what has happened is i think people are finally returning to brick and mortar stores that's been our thesis for the last ten years and we have continued to invest

in stores while also growing our e-commerce business and our omnichannel capabilities so i think now that people are feeling a little bit more free from the covid pandemic, they have the confidence to go back into a brick and mortar store and try product on, particularly in footwear and apparel. and i think the sort of outsized growth that amazon had been experiencing will dissipate a little bit if you take it one step further and look at a lot of the direct-to-consumer brands out there, many of them are starting to open up stores, because they are realizing that that's where most of retail is still transacted and trankly, that's where they can actually make some real money and turn a profit. >> you sell a lot of work brands you mentioned car hart -- i assume you sell through your channels all of the famous brands of boots, western wear, that we would know of, right

how are supplies holding up there? because most of these, i suspect, are not made in asia. they are made here. >> actually, much of our product does come from overseas. about half of our product comes from china and about 25% of our product comes from mexico. the candid answer is our supply chain has been significantly challenged and many of our bigger vendors is struggling to keep up with demand in general and certainly struggling with keeping up with our outsized demands. we had the good fortune of two things we took early and aggressive action to get product on order we called a resurgence of the business back in august of 2020 and put purchase orders on the books. the second thing we did is we also manage about a third of our inventory ourselves, our own exclusive brands and that team really stepped up to the supply chain challenge. and the most deliverable product

we have today is our own brands. >> jim, thank you very much. congratulations on your success. >> thank you very much. >> talk to you again soon. >> thank you. coming up, we will dive into the oil stocks self ron and exxon reporting strong profits and big cash flows as oil prices soar it comes as climate change is front and center oil execs getting grilled on the hill, the biden infrastructure agenda, and a u.n. climate conference about to kick off we will discuss next

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welcome back i'm rahel solomon. here's your cnbc news update at this hour. no disciplinary action for the current general manager of the winnipeg jets. he was an assistant manager for the chicago black hawks when player kyle beach claimed he was sexually assaulted by a coach. the two other executives who heard the complaint resigned this week. general managers, stan bowman and quinnville, most recently

the head coach of the florida panthers. sportco is in preliminary talks to build a stcasino next o its hotel. doctors have told queen elizabeth to rest at least two weeks. she was in good spirits while awarding a medal for poetry last week but canceled a trip in addition to her previous plans to attend the cop26 climate summit in scotland 95 years old and being told, relax. >> i will say it again woman is my hero. a u.n. climate summits that the queen was hoping to go to, cop26 six kicks off next yooek world leaders are gathering together to address climate change we have a preview. >> reporter: the primary goals of cop26 are to secure global net zero by 2050 and limit warming to 1.5 degrees celsius countries are being asked to

submit ambitious new 2030 emissions reductions in so-called ndcs, nationally determined contributions targets include phasing out coal, investing in renewables, switching the electric vehicles, and reducing deforestation to adapt to protect to communities and natural habitats, examine how to build defenses and warning systems, and upgrade to more resilient infrastructure and agriculture and perhaps most critical, finance, mobilizing at least $100 billion per year from public and private sector institutions to secure global net zero significant announcements are expected from large financial institutions toward this goal. >> one of the really important triumphs, actually, that i expect to see in glasgow is the financial sector stepping up clearly and saying, look, we are part of the olution. we are not part of the problem >> this is also a critical

moment for the u.s. after pulling out of the paris agreement under the previous administration, president biden has half a trillion dollars in his latest spending framework targeting climate change but that plan is still in limbo and likely will not be done in time for cop26. >> i think the first week is more focused on sort of country by country work. the second week, more of the corporate presence you know, a lot of people in the west will say that china and india are the places to watch for the biggest emissions in the next coming decades. where do you think the next political pressure will be brought to bear if the chinese leader isn't even showing up >> the question is will he show up virtually we have been told he's not going to show up in person really it has to do with all the leaders. the leadership summit is on monday and tuesday then you start getting more corporations as you said coming in the gentleman in the piece we just spoke to said something interesting, he said billions

will come from government and trillions willcome from financial markets. really, that's what we are looking for, that financial news beyond what the governments can do. >> i wonder if it will pivot that way i have never seen you indoors. good to see you today. diana olick? we have never seen dianywhere but on a lovely block. >> it is pouring rain outside. >> it is a good backdrop have good trip, we will see you from glasgow >> thank you. >> ahead on "power lunch," the xl is ep plus, the crypto market wrapping

itself around squid game a coin we will explain when "power lunch" returns it's another day.

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let's begin with mike santoli at the nyse as tech stocks despite earnings last night, hit a record high today. >> kelly, in fact, you have to call it a resilient performance. not just earnings misses but amazon and apple together representing about 10% of the s&p 500 market weight, both down 2 to 3% on the day yet the overall market index is basically flatlining most of the day. s&p clicking to a new record at times today and essentially preserving a pretty strong week of gains now, this month has actually been about the largest stocks. even though we had misses from apple, amazon, facebook, and others, if you look at the xlg it stands for extra large. basically the top 50 stocks in the market on a one week basis up 2.5%. the russell 2000 slightly down even though it threatened to move out of its long multimonth range this week. it didn't quite do that. we have been riding the large growth stocks believe it or not. even though a lot of the month's activity have been accompanied

by calls for reacceleration of the cyclical trades. nvidia along with tesla. it has that secular growth momentum trade, back in gear tremendous week for nvidia it is now, kelly, over $600 billion in market cap. more that three times the market cap of intel over $600 billion for nvidia an incredible rise mike santoli we will see you again soon. let's get to the bond market they are talk being the yield curve, the australian debt that's been on fire, rick, they are talking about the german bund and the ten-year going positive what is going on with bond yields these days? >> you summed it up. basically, no matter where in the world you look central banks either are losing control of markets or they understand it time to loosen the reins

the central bank sent a huge signal to the markets. our day-to-day, employment cost index, up 1.3%, the hottest ever since recordkeeping. personal consumption expenditure, core deflators, both year over year, the hottest in 30 years. look at what one week of tens and 30s look like. right now, 1.55. down eight on tens, down a dozen on the 30s for the week. 30s minus fives, one of those freds. the flattest in 13 months. dropping bund yields. they have had high inflation data today it loo like they were going to get a record high yield close at minus 6 it didn't happen it took the wind out of the euro currency dollar index had a huge reversal it is now up on day and up on the week and within a third of a cent 67 its recent highs cally, back to you. >> a lot of action there, rick

we appreciate it oil is closing for the week, higher after a volatile couple of days. it has been helping the oil producers lately pippa stevens at the commodities desk. >> oil finishing in the green but not enough to push crude into positive territory for the week wti posting its first negative week in ten, for brent, the first down week in the last eight. wti is up half a percent at 83.24. brent is up .1% at 84.38 earlier in the week. wti hit a seaven-year high. goldman sachs saying this comes down to profit taking after an extraordinary rally for oil this year they said nothing on the fundamental side has changed and that this is a short-term and transient pullback in an otherwise intact bull market they are still calling for brent to hit $90 by the end of the

year despite this down week wti and brent are closing out october with a monthly gain. energy has been hot. financials as well how about raymond james, whose shares are up 55% this year and the company just reported record revenue. joining us o the ceo of raymond james. paul, tell us about the quarter and what drove this record performance. >> a lot of factors. revenue is up 20%, and bottom line is up 7%. it was a pretty good fiscal year driving it is basically our growth, and our advisers and net new assets that 10% annualized or advisers productivity they are bringing in new clients, they are helping clients through kind of a scary time as you go through covid and people wonder how the market's valued that focus and that sense has kept our base business really growing. then we have had a great capital markets year due to all the activity, setting records really in three of our four segments.

>> you not only have advisers bringing in new money but you have the money that is already there growing in a very nice market environment as the saying goes, you do better when the client does better, right? >> absolutely. it is a lot easier business when markets are going up who would have thought two marches ago when the feds cut rates twice -- half of our pretax profits went away almost overnight. to go from there to having all-time records is partly market a lot is bringing in advisers, world class retention of our advisers, is what we have been known for, record recruiting same store sales are up and our adviser growth is at all-time highs. add those together and it has been a very good year with the markets. >> i am curious what you think about the fed's next moves here. as you read the landscape, as you have kind of a look at how much liquidity fueled the high asset prices, what's the next

chapter? are you worried they are going to have to slam on the brakes? >> you know, there is record liquidity. i don't know houng you leave this much support in the market. there is cash everywhere and even us, with our record cash, you know, it's only 6% of client assets as the equity markets continue to grow, even though cash balances have grown. bank are flush with cash, hedge funds are flush with cash. investors had high cash balances relative to absolute dollars so there is a lot of cash in the system as long as you art officially keep rates low, you know you are going to have this impact. i don't think the ted -- over time, you can't work on stimulus forever, has to start reversing it inflation is certainly here, and back, the question is how much is transitory? how much is real certainly, inflation is coming back and i think most people think over the next few years rates have to go up. so that impacts investings it keeps equities very attractive given -- versus fixed income given if you think rates are going up

you know so i think the fed has to loosen up because -- they are a big competitor they are the biggest securities buyer in the market. it is even hard for us to take our excess cash and buy securities because the fed is buying a lot of it in the marketplace. >> before we get to the busyness and the business of the capital markets, which you mentioned, are you -- let's talk about your cash and how you are deploying it you have made some acquisitions. are you actively in the market to acquire money management firms where perhaps because of generational change those companies are getting ready to sell are you doing that, pigging up -- cherry picking good companies that you bring into your fold? >> yeah, in our business, number one, is we are very culturally ariented we will not do an acquisition for assets the culture has to fit then there has to be strategic reason and you have to do it at the right price because you have to have a return to shareholders we just entered into an

agreement and got shareholder approval to acquire charles stanley in the uk. we have been talking for seven years. companies have to be ready to sell but the fourth generation of ownership and management is in that company there are companies here in the u.s. and canada, where we operate that have that same criteria, but they have to be ready to sell. we are not just going to buy assets, we are buying culture -- >> what is it in the culture that you look for? that's an interesting interesting to me. what is it that you are looking for, assets are one thing, culture is theother? >> they have to have followed our client first mentality and demonstrated that. secondly, we get alongside we are competitive to grow we are not competitive together inside our adviser conferences, they lead classes, tell people how to do it. they try to help each other, not to compete so people like coming to work, they like working with people.

they don't feel like they are in competition with their ally inside the firm. that's really critical to us >> let's talk, then, a little bit about what you see in the deal market. you know, the volume of deals is up it has been a fantastic year for that do you see that persisting >> well, you know, you never know in the deal market because it can stop. >> sure. >> not only has it been records, records for us, records for the industry but if you look at backlog, if you look at this quarter, as we said on the earnings call, it is just as robust as ever, into the next quarter you get insight into signed deals. it looks just as robust. as far as we can see, two quarters, and if you look at the economy -- we are in relatively good shape there are some fears i don't think it will be a record but i think it is going to be a strong year in capital markets. >> paul, thank very much good to see you. >> all right thank you. >> we thank you -- both of us

thank you. exxon reporting its highest profit in years as improving demand, climbing commodity prices and free cash flow boost results for that company as well as chevron many said big oil's profit well e medried up of the but is now thti to buy? our trading nation team will discuss that one next. hi, my name is sam davis and i'm going to tell you about exciting medicare advantage plans that can provide broad coverage, and still may save you money on monthly premiums and prescription drugs. with original medicare, you're covered for hospital stays and doctor office visits. but you have to meet a deductible for each, and then you're still responsible for 20% of the cost.

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welcome back to "power lunch," everybody. time now for a look at the etf flows over the past week clean energy etfs have been bouncing back. funds tracking the alternative energy sector rising an average of 6.6% this week, seeing $223 million of inflows this comes ahead of the cop26 climate conference also progress in washington on spending and infrastructure bills, and oil soaring to new highs as clean energy looks more and more desirable we look at specific winners in the sector you can see them over my right shoulder this week invest cowilder hill clean energy up 9, almost 10%. alps clean energy also up 9%

and the vector's low carbon energy, ticker symbol smog, is that good or what, smog up 10% this data come to our partners at track insooigt. for more information ted the ft will chir ftd hub. right there. am i supposed to come over here. why don't i come in here, this is seemo mody, ladies and gentlemen, for trading nation. >> the rebound in energy stocks have been undepositible, up 10 on the month heavyweights, chef ron and exxon reporting better than expected profits this morning due to surging oil provides this. ahead of a keough peck meeting next week where the bloc will decide upon future production plans. let's decide with the trading nation team -- steve, many factors are contributing to this

huge rise the oil, right where do you think we go from here, at a time when these oil-producing nations are certainly incentivizes to keep prices higher? >> we had a crazy call at the beginning of the year for $90 for wti. we still think that's where we are headed for the last seven years, any time oil prices got to 60, the texans came in, they turned on the spigot and it moved you back down to 40 but it is hard for them to do that un underinvestment over the last years. regulatory, activist investors disincentivizing we think opec is manage to steady move higher in oil prices to refill their coffers. we think this continues and that it is good for the energy sector. >> many investors missed the trade. no one wanted into the energy

trade because no one wants to get into the idea that price also stay at this level. marathon oil is up 20% this the last four weeks. >> a lot of portfolio managers still don't want to get involved in the space if you look at the xle, here's an easy way to capture a chunk of the exposure with chef ron and exxon being the biggest weights inside this etf. look at the chart on a five-year basis a down trend reversal a series of higher highs and higher lows, now getting made with this particular setup from our perspective, any sort of little short-term dip in here, we would be big. next resistance will come in at the 62 to 64 range i think from the long term perspective we are just getting started with this, and we are coming into the winter months. it looks like to me we could see oil above the $90 level steve was talking about. it could be closer to 110 or 115. >> multiyear high. fascinating move there have a great weekend for more trading nation head to

our website and follow us on twitter. >> seema mody, thank you very much. up next we will look at stocks that could benefit if an infrastructure deal is signed. have i heard this one before "power lunch" is back in two >> announcer: and now, the latest from trading nation.cnbc.com and a word from our sponsor.

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president biden's social spending bill if passed could give some stocks a boost in theory the key is to know where to look and we are on the case doing some looking >> yes, the statement is if and when that bill eventually passes, many companies could stand to benefit out of the 1.7 $5 trillion spending bill, the president outlined yesterday, just over 550 billion will go to green

energy credits the bill has been a driving force behind renewable energy stocks as of late. take fuel cell from ballard power systems up 23 -- down 23 % year to date you can see up slightly today. we're seeing similar movement today and this past week with fuel cell energy that stock as well as workhorse, both up 7% just on the week alone there's no major news catalyst for both of these corporations but if we move onto bloom energy, that's up almost -- we can bring it up, almost 5% today across the board and this, it's been upgraded by morgan stanley earlier in the week the company announced a major contract separately, when we talk about the infrastructure bill, not to confuse anyone, we're waiting on congress to pass it. we often talk construction

we have vulcan materials up over 11 % this month and throw in some united rentals which rents heavy equipment and caterpillar. there's a wave of green. i want to point out with caterpillar up 6% for the month, it has significant expoture to oil and mining those are hot topics hitting into cop-26. >> you have two bills. one social spending. >> build back better >> the other is the infrastructure bill. >> correct it needs to go through the house. >> and there are snags there, because the aoc wing in the house. >> progressives. >> progressives will not go for the one unless the other is passed >> you got it. i know it is a little confusing, but if you're an investor paying takes to names, that's why you've seen the volatility we've passed something or this is going to happen and they decrease the amount. there's been a lot of volatility, but they could stand

to benefit keyword could. >> and there's so much else going on with investments that there's multiple levers to pull here >> thank you getting in the squid game. there's a meme coin for everything these days. dogs, tiger king, and even sd meki we'll explain after this sales are down from last quarter, but we're hoping things will pick up by q3. yeah... uhhh... doug? [children laughing] sorry about that. umm...what...it's uhh... you alright? [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers, plus some of the lowest options in futures contract prices around. get e*trade and start trading today.

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squid game is extending the reach into the world of crypto with a squid coin. why not? dom is here to explain >> maybe it was only a matter of time there's a question about whether or not this is actually officially affiliated even with this particular show or with netflix at all the global frn wildly popular squid game has given rise to one of the hottest new references on the market, the squid game coin. it provides data on values, the squid coin token was around $2 and change earlier today i just looked at it before i got onset here it was $11 in the span of a day. it went from 2 $.22 -- 2.22 to $11.

competing for prizes, playing games like in the tv series. the online tournament starts in november but doesn't stop there. in some cases you can only play a round in this online game, sanctioned or not, if you have enough of the squid tokens, and then you have to in some cases by an nft of one of these characters, a digital version of a collectible. in any event, folks who want in on the action better beware. coin market cap also put a disclaimer on this particular one saying some reports have that owners of the squid coin have not been able to sell their tokens on exchanges, so if you buy it, you might be stuck with it even if the price goes against you. this is crazy to think about the fact that you can actually do something like this in a quick way and maybe not even -- >> this could be a big opportunity for netflixs of the world. content creation they go the next step into nft crypto >> their own currency.

>> if this is sanctioned by them c they could reap the rewards. >> that's what i'm saying. >> but if they're not, this is almost like a piracy >> first they ignore you then they laugh at you then they copy you then you win >> i'm feeling left out of this. >> have a great weekend, guys. thanks for watching, everybody closing bell starts now. big fan of squid games welcome to closing bell. last trading day in a strong month for the market the stocks are at their best levels of the session as we head into the final hour of trade >> we look at what's driving the action the nasdaq closing out a wild earnings week with losses from amazon and apple offset by gains today for facebook, microsoft and tesla. chevron is higher on earnings with the energy sector pacing for a double digit pop on the month and crypto is capping out of a strong month as well. bitcoin is u