and going to i a lou americans to travel different days week and different times of the year. >> thanks for checking in. that does it for "the exchange," everybody tyler is just getting started. stay tuned for "power lunch. as the markets hit another record high, are they starting to get too expensive our guest says yes but there's one sector, says he, that is still cheap despite the rally. he will tell you what it is. plus, oil continues its rally as opec gathers today ask. bank of america says this move higher is just getting started how many high might we go? is 100-plus a barrel in the cards. short sights, avis, bed bath and beyond, amc, gamestop

continue their climbs. the shorts are taking it in -- the shorts and badly. could we be at the start of the end, kelly, of short selling >> we will explore all of that, tyler, thanks. welcome to "power lunch" i'mcaly evans. stocks are losing momentum into the afternoon but we did see intraday record highs. dow is down 1 2. i believe a drop of 150 was the lows the nasdaq, up.9%. financials, utilities are the laggards interesting to see those both down financials in the range down 2%. consumer discretionary is outperforming. shares of moderna are tanking after issuing weaker than expected guidance and cutting its full year sales forecast for its covid-19 vaccine it is down almost 19% a. lot of traders are calling this a bellwether for the vaccine names and the pharma industry. and penn national the worst performer on the s&p with a 22% drop after reporting a big third

quarter profit miss. on the flip side, nikola is now up 47% in the past month, adding 17% today. they are settling a lawsuit. the run up to new highs have some investors wondering if stocks are overbought. right now for large caps, small caps, mid caps, even international stocks all near 15-year highs. but one area still looks cheap on a relative basis. that is energy why? and is it where investor money like your money should be flowing? >> with us now an analyst from cresset capital. you think energy is a place fortunate now? >> opportunity and risk. essentially what we are noticing is not a surprise here, that there is an underinvestment in energy, particularly energy infrastructure in the u.s.

and that's just because the future of fossil fuels, as we have learned from policy makers is uncertain so, to get institutional investors to banks to offer ten-year loans to a lot of that space is not available as readily. so there are some interesting opportunities for investors. >> and a couple of them -- you have some names i know, one is if you are me oil, the other is targa resource why those particularly >> sure. really, just playing on the infrastructure so i think what we see is look, we have, among the biggest, you know, production in the world in the u.s. and we are not feeding it. in fact, we are seeing energy prices rise. we are seeing rig counts not keeping pace we wasn't established energy players who are benefiting by transportation of energy and storage of energy, custom is

certainly vitally important. as the price of that energy goes up, kind of the postage stamp, if you will, to pay for storage, to pay for transportation, will likely go up as well >> before we come back to another area that you think is of opportunity, i want to talk a little bit about what you see for prices, and what will drive prices over, say, the next year. one of my mentors in this game -- i was lucky enough to get to know jack vogel a little bit. he explained to me carefully that the return on stocks is three things, earnings growth, two is dividends, and three is the valuation, the price or the speculative part of the return, the price people are willing to pay for each dollar of earnings. you think that people are going to pay less for each dollar of earnings and that that valuation component is going to be restrained going forward >> well, so, if you look at why did -- you know, let's go back the last ten years the s&p 500, between 2010 and

2020, was up 270 percentage points it turns out that wasn't earnings, necessarily, or dividends. 170 percentage points of that move was valuation expansion the willingness of investors to pay more for a dollar of earnings or a dollar of revenue. that was largely because the ten-year treasury rate went from around 4% to .6% but now that we are no longer at .6, we're about 1.5, and we may be trending higher, we have to take that valuation expansion piece of it out of the equation. which means that now we are going back to just organic earnings growth and dividend yields well, what are the best earnings growers? if you are going to pay for earnings, you want to pay a low p/e. those are going to be the cyclicals, the energy stocks, the banks. and strong dividends and quality companies will make up the other

piece. so i think, overall, we can't expect that the -- the market to rise at the trajectory it has when we have had these lower interest rates year in and year out. but i do think investors who want to focus on earnings yield and dividend yield will benefit over the next three to five years. >> you mentioned banks and financials there in the context of this change to cyclicals, lower expansion of multiples but the other thing that might help the financials would be rising interest rates, their ability to benefit from net interest margin expansion and so forth. does that factor into why you like financials? you mentioned a couple of names. let me see if i can pull them up here first horizon, and win trust. >> right regionals. >> regionals. >> the regional banks that generally are borrowers and lenders and play on the net interest margin and local economies. but yes, that -- i think -- i do

believe that interest rates are too low. we are starting to get the taper. remember, the federal reserve currently accounts for nearly a quarter of all treasury buying and as they move away and they are a pricing sensitive buyer. as they move away from that market rates will rise and i think if you are looking at sectors that tend to benefit with rising rates, it is energies and financials. >> always good to see you, sir. >> thank you, tyler. >> thank you for joining us. now to shares of bedding bath and beyond and avis budget two of the most shorted stocks and two of the top 20 both posting huge rallies with retailers continuing to flex their muscles. bed bath and beyond has been a $1 billion hit seems not so bad when shorts are down $3.3 billion in avis and $375 million in amc

neoshorts are up $500 million this year. what does it mean? could this be the beginning of the end for short sellers? let's bring in herb greenberg. we have joked before, does your own career reflect that? but is this just -- does it present shorts with more opportunities an ever in some ways or is this really a change in the times? >> well, i think -- nobody really knows whether it is a change in the times, but i can tell you it's not necessarily the beginning end. here's the thing look, we are always looking at the stocks that have these big pops up. for every bed bath and beyond and every avis there is a company like tupperware. down 38 in the past two days a company called cheg. it not chugged and zillow, got pummelled. one of the changes has been this it has been hard for people who are short sellers. i would argue there is almost a

dysfunction. it's motionally -- it is not healthy to do. it is never been healthy to do it is really not healthy to to right now. i of course was not a short seller i was providing research to the short sellers. >> right. >> but i think what you have is what you have several things going on one is -- this is very important. it's like when i left pacific square research, a short research firm, i joked this would be the beginning of good times for short sellers. well, it wasn't necessarily the good times beginning but i will tell with you so few short sellers available, as you have seen in some of these names the stock is all in a vacuum there is no natural buyer there. >> the natural buyer comment is interesting because the one thing that's obvious this year is the rise in retail investors who love being able to drive shorts out of some of these positions especially in stocks like amc or gamestop that might have emotional meaning or where they think there is turnaround stories the prixes are missing

or betting against it seems worthwhile to screen the short stocks for which ones have a shareholder base like that that could result in a short squeeze and those that don't. maybe gen z isn't that interested in tupperware's fortunes, for instance. >> you never know where they are going to go next i have seen people on twitter going i hope the memesters come here and start taking my stock, which has a high short interest to the moon, and it just doesn't hatch i think one of the other aspects here is you have a change in the ipo structure, the market structure, that's going on it is something i have been intrigued with there is a money manager out there, mike breen, and he has been articulate on the notion that passive holders the rise of testifys actually for some companies have created an insurance for them that they are not going to budge unless something really big happens you have some of that going on it depends on who the short

sellers are. i think it is something they have to pay attention to today we dent know what's going to happen days, weeks, months, years from now in the end -- what i have been telling anyone who asks is there has to be a washout. until there is a washout there, this game continues. we all know the game isn't going to continue the same way at least we don't think it is. that's the issue there are still people shorting stocks it is very difficult, but when they hit and they have hit a catalyst and the catalyst occurs they are making money. you have to be careful because i don't think anybody is paying attention to those that are going down there are plenty that are going down the difference is you can be right and be wrong for three years, be wrong for a year while the stock triples on you which is the case of zillow, for instance it tripled from this time everybody started saying the flipping police business was

going to be a flop then it flopped and it came down and is back where it was three years ago. >> when you do research, on behalf of shorts or on behalf of longs in the market. >> no longer >> as you do the research, how would you research change with respect to short sellers in this very changed environment, where you have the reddit crowd and the wall street crowd jumping in and moving against the highly shorted stocks >> well, when i was at the research firm, one of the things i would be looking at is i would be looking at stock puts and other message boards to see if this was one of those kinds of stocks that's the first thing i would do, especially after february and at that point when memes started to push things up. the other thing i would do, and i would do today is look to see what the owners of the stock are. if the stock is 30% held by black rock and vanguard and any major etf firm, at that point

you know you have inertia against you unless you can come out and point out something is an outright wire fraud >> it is fascinating >> really interesting. >> it takes a lot more careful work, maybe, in terms of the ipo structure than it might have in the past. >> i think that's an important part of the equation absolutely. >> absolutely. herb greenberg. coming up, inventory and investments. we are joined by the ceo of cars.com for a look at the state of new and used autos as supply remains low, prices high. plus, expedia and airbnb b have been battle it out in the vacation rental market both stocks up 20% this year will their earnings tonight change that? mbs xt aadf e adeshe oth nuerne

as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage.

welcome back to "power lunch. i'm dominic chu. we have a pizza themed market flash on the menu for power as an earnings beat from papa john's this morning has those shares up big, along with a new $425 million stock buyback program. now, that big beat came in comparable store sales, up almost 7% versus analyst

expectations for comp store sales to rise 4% that's a 9% gain that beat is helping shares of domino's move higher as well both stocks outperformed the s&p this year. papa john's up about 60% domino's up more than 30% on that basis ty, pizza, punch, back to you. >> pizza louj. let's get a pulse on the auto market right now which has been under pressure with ongoing chip shortage online auto marketplace cars.com without with third quarter results this morning which missed on the top line but beat on revenue this as the company announces it is acquiring the online loan screening company credit iq for $30 million. with us now, the president and ceo of cars.com, alex vetter good to have you with us your world is a little bit different because you do on line buying how do you pull fill those online orders? do you fulfill them through conventional dealers

do you have your own inventory or what? explain? >> first of all, we did deliver the high end of our guidance range and had dealer revenues growing 12% in the period. i think it's important for people to understand our business is in the pretail sector, where people go prior to retail we funnel that traffic into the dealer partner systems the dealer growth? our system has been phenomenal we had 1,000 joining in the quarter. we have over 19,000 participating in our marketplace and in our dealer solutions. we have seen continued growth of 40,000 dealers in the u.s. >> they come to you through your portal you funnel them to your partner dealers. do they have inventory i tell you, i have been in the market for a certain kind of car that i particularly wanted and you just could not find them as i drive by dealer after

dealer, i see lots that are usually packed with trucks and cars this far apart -- i couldn't walk between them maybe kelly could, but i couldn't and now the lots are almost empty. >> you know, one of the advantages to our platform is that consumers can search market wide it used to be you had to go dealership to dealership to see what's on the lot. now with the power of cars.com you can see nationwide inventory, over 2 million vehicles across the industry what i will tell you, what peer seeing on a dealership level is volumes are way down, particularly on new cars some dealerships have 70% less inventory than they typically would have on their lot. consumers can still look marketwide and find the car this they want. and we are seeing actual user behavior are expanding their search radius by over 15%. consumers are looking far broader than their backyard. they are looking nationwide in many cases to find the cars that

they want. >> very quickly, volumes are down but profits are up, right? you are making more money per car than you maybe ever did? >> take a look at this new car prices are up almost 20%. in some cases selling at or above msrp used car prices are up almost 40%. and that is leading to record profitability, which is why dealers are investing so definitely in tech they realize this is the way to capture shoppers, this is the way to sell cars, to deliver them to people's homes and we are an enabler for the auto industry. >> alex, as more people order on line, whether through tesla or i believe through volvo, whose latest ev they want people to order online, what happens to dealerships or even to platforms like yours that are meant to to things the traditional way >> i would say that research is is going to be permanently part of the auto shopping journey this is the second largest transaction in people's lives.

they are going to did a heavy amount of research prior to purchase if you want to learn about tesla, come to our website we have test driven it we have shown you hoyt performs in cold weather. we are comparing to it the evs coming out from nissan, from porsche, from hyundai, from vw consumers can comparison shop on our platform and then decide what they are going to buy even though ev is only 5% of the search on our platform we know with the new products coming on the market and this administration's incentives, we are seeing that amount jump 15%. still small but consumers are going to search evs on our platform and ultimately decide what they are going to buy and where they are going the buy it using our technology and tools. >> kelly and i were talking about this yesterday -- i think it was yesterday, kell but is the business going to change any referred to the day when there was a lot of

inventory on the lots. may we now be turning a corner where auto dealers carry less inventory on their lots and maybe you have to wait a while for the car you want to come in. in other words, you may have to special order it, which is the way -- when i was a boy, that was the way my father bought cars he would go to the chevy dealer. yes, he bought a corvair but we had to wait for weeks for that car to come in as he wanted it equipped. might we be heading back to a world where there is more scarcity, not as much inventory but more profitability for dealers? >> i think the industry has to work towards a more efficient model. part of that is getting away from the high push model of the past i am excited ford awarded us their website business we are now building website for fords all over the use i think you are going to see less focus on physical

development of large shopping mall dealerships and more investment by the oems and manufacturers into digital solutions where they can show you the car, give you the configuration you want and place the order for home delivery. we have a marketplace, cars.com, but a huge percentage of our revenue is about telling technology, tools, and services to the auto industry at large. >> interesting conversation, alex thank you for being with us today. >> alex vetter, cars.com. further ahead on the show, climate contradictions, a big focus on saving the environment this week as the u.n. climate change conference continues. could the event itself do more harm than good for the planet. rental rumble, how traditional travel sites are moving into airbnb's territory and what it could anorme f the stock. "power lunch," back after this

it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next.

comcast business powering possibilities. don't like surprises? [ watch vibrates ] proactive notifications from fidelity keep you tuned in all day long. so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity. welcome back, everybody. i'm sue sue. here's your cnbc news update at this hour. at a federal court hearing today

a judge appears to be skeptical of claims made by lawyers for former president trump trump is trying to block the january 6th congressional committee from receiving white house documents related to what he was doing during the attack on the capitol liz cheney, the ranking republican on that committee, says more than 150 people have been interviewed so far in that probe. she says there is a huge amount of work under way that is leading to what she calls real progress. today's indictment of an analyst who contributed material to the steele dossier indicates that one of his sources was an unnamed pr executive who did business in russia and has ties to the clintons and the democratic party the russian citizen and a u.s. resident is accused of lying to the fbi about where he got some of that information which wound up in the report detailing possible ties between russia and the trump campaign and the mystery the missing

$5800 bottle of japanese whiskey? it's still a mystery a report from the state department's inspector general failed to finds out how that whiskey and other gifts given to u.s. officials during the trump administration disappeared from a state department vault we'll keep you posted on that one kell, i will send it back to you. >> i think dom took it. >> could be. you never know >> sue, thank you very much. let's get to power movers. check out nerd wallet, in its market debut, surge 57%. at one point, more an 70%. this after proposing at the mid point of its ipo range it is at $28 today a second day, a second bird. yesterday, allbirds, today bird global the ceo saying they plan to expand to more cities. brds is the ticker. checking on way wear in the red, down 3.5%. reporting unexpected profit but missed on revenue, company

noting that spending is transitioning back to brick and mortar post pandemic. roku is sinking after missing revenue estimates. they are saying the slowdown is the result of global supply bogts necks that slowed down the consumption of tvs alrighty ahead on "power lunch," it has been a big uphill climb this year as demand continues to outweigh supply for oil and other commodities. can that continue into 2022? bank of america says yes and you won't believe where they think oil may head next. ats xtn ow lch."

♪ say it's all right ♪ ♪ say it's all right, it's all right ♪ ♪ have a good time 'cause it's all right ♪ ♪ now listen to the beat ♪ ♪ kinda pat your feet ♪ ♪ it's all right ♪ ♪ have a good time 'cause it's all right ♪

♪ oh, it's all right ♪

welcome back, everybody. 90 minutes left in the trading day. we want to get you caught up on stocks, bonds, commodities and a bold call on oil let's start with the markets stocks continue to hit new records and so have dividend payouts. bob pisani with more >> dividends are back. that's the good news we had a disastrous 2020 when a lot of corporations were forced to cut their dividends dividends, though, have been rising for the last several

quarters, and the dollar value of dividends paid on the s&p 500 will now likely hit historic record levels in the third quarter and likely for the full year as well now, this is the good news here's the bad news. for bif dend lovers, the relentless rise in the markets have driven dividend yields to near record lows the s&p dividend right now is 1. %. that's the lowest levels since september of 2000 when it hit 1.1% here's another piece of news while the dividend pay outs are high, the dollar payouts are very high, corporate america is spending even more of its cash flow on buybacks this is the second quarter numbers. 33% went toward buy backs. that trend has been going on for several years, in fact corporations have been generally spending more on buybacks than dividends, and also less on capital expenditures

the frustrating thing here is for people who try to live on dividends in years past, 137%, you can't even get close we are not seeing a lot of inflows into dividends because people aren't doing it there has been inflows into high yield funds this year but you are taking a lot more risk. >> yeah. >> it is a frustrating time for people who are into dividends and want to try to live off them. >> i hear about it all the time. bob pisani. now to the bond market rick santelli tracking that action for us with staggering productivity numbers not a good one, either >> no, no. we are also enamored with watching the central banking activity in the markets that the lowest productivity levels, they were off 5% in our first look at third quarter productivity these were the worst levels going back to 1981, 40 years less output per man-hour -- not a good thing and when you add in some of the policies that may be coming on

board we will most likely get even less output remember, this is the special sauce of a capitalist economy, and it certainly isn't tasting nearly as good as it did just a few quarters ago the trade deficit, another number we need to talk about, $80.9 billion for september. the worst largest trade deficit since recordkeeping began in '92. now to the markets we all know the bank of england and around 8:00 eastern did not raise rates. add that to the fed statement, look what it did to the intraday two-year at 8:00 a.m. eastern the intraday trading below 150 since the 5th of october although worry on pace as you see on the next chart to close at the lowest level yield wise since the 4th of october, exactly a month. finally, the dollar index, one of the beneficiaries of everything i just mentioned.

right now it's on pace from october to challenge that mid-october high should it, move the chart back to may of 2020, we are getting close the breakout levels in the dollar index back to you. >> the dollar and bonds doing the opposite of what they did at first yesterday after that meeting. rick santelli. again, a lot of action in the commodity sector as opec meets to discuss the future of production levels. pippa stevens is watching the price skaks the headlines today. >> kelly, well, it was a short meeting between opec and its al is following by a more than hour-long press conference as the energy ministers fielded questions over their decision to maintain a prfl announced output hike of 400,000 barrels per day each month the hotly anticipated meeting came as oil hit a seven-year high prompting calls from nations including the united states for the group to boost production biden saying the decision not to

pump more is quote not right but opec officials say the oil market is not to blame for the global energy crunch saudi arabia's energy minister adding the oil market had been battered prices dipping today, wti below $80. present crude at 80.44 for a loss of 1.9% now, following opec's meeting, the u.s. once again reiterating that it's considering the full range of tools at its disposal to bolster resilience. prices at the pump, kelly, at a seven-year high. they are thinking about what they can do from here. >> headed higher if our next guest is right pippa, thanks. bank of america making a bold call on crude saying they expect brent to top $120 a barrel by the end of june. and wti, our benchmark to hit $117 here to explain, francisco of

bank of america securities these calls are for the middle to early part of next year >> the market is very, very tight. inventory is very, very tight. commercial inventory demand is very strong. we are not seeing much of a supply response neither from opec nor from u.s. shale for the users. our view is the market keeps tightening and you are going to have a race between gasoline and diesel demand going into the height of the driving season in the u.s. next summer that will put upward pressure on prices. it may not last very long but i think we are going to see continued upside pressure the next six to nine months. >> explain why you think it won't last very long if we look at all of 2022, you think that u.s. crude will be more like $75 a barrel; is that right? >> we think on average -- actually on average our forecast is 85 brent, and 82 wti. we think it is going to be high

throughout the year. we just think we will be at a point sometime next summer where prices are going to have to central producers we have to bring more barrels in and they are going to have to signal consumers something has to give and they need to slow down in their petroleum purchases. remember, prices in commodity markets are signals. right now we need a signal to slow down demand in our view because at the ends of the day much of what's going on today is related to the surge in global consumption we are seeing on the back of what's been the largest ever fiscal and monetary extension in human history that's all there is to it. and oil, in fact, has been the biggest laggard across the commodity complex with pretty much every other commodity ripping ahead of oil in the last 12 to 15 months. oil has actually been lagging here. >> how -- you said that the key in the short-term would be to send a signal that slows down

demand how do you do that who sends that signal? >> the market does and it's called price. right? the price will tell people, well, it's time to get back to buses. remember, we've seen a huge increase in demand for private transportation and mass transit has dropped quickly. we are also seeing the reopening of u.s. air space to vaccinate the travelers from abroad. remember, next week we are going to see reopening of u.s. air space. so i think at the end of the day, you know, if you are i injecting all of this money in the economy, you are reopening your air travel, and you don't have the supply, then prices have to act. >> prices will be that signal? right. >> prices will be that lever or that restraint that suppresses demand so -- but what i do hear you say is get ready for an expensive

winter, folks? >> well, if the winter is cold, it is going to be pretty ex expe expensive. in fact i have spoken to cnbc before about this, but there is a global energy crisis going on in europe. >> right. >> there is a global energy crisis going on in china the u.s. has somewhat insulated from these very high pries because the u.s. has plenty and abundant natural gas europe is paying the equivalent of $200 a barrel for gas right now. and european industries is pretty much in recession as a result china had to reopen its coal mines and postpone its decarbonization efforts temporarily because of the surge. remember, the real issue here is global exports are up 30% from precovid levels. by that i mean we have created a lot of demand for things

the economy is booming that's a good thing. but you need a lot of thermal fuels to meet that demand. maybe that's not a good thing when you are trying to decarbonize. >> we are going to have a discussion about decarbonization in just a moment francisco, thank so much fascinating conversation interesting picture you paint. we appreciate it. >> sure. all right, while energy investors reap the benefits of higher oil prices here in the u.s., over in glasgow, goble loaders are working to put an end to fossil fuels, key carbonization, forever up next, we will take you live to the vishlt -- environmental meeting. could it come at a cost to environment? how did all of these people get there? we'll explain. serena... wonder woman... ♪ ♪

ace. advantage! you cannot be serious! ♪ ♪ get your tv together with the best of live and on demand. introducing directv stream. i'll shoot you an estimate

as soon as i get back to the office. hey, i can help you do that right now. high thryv! thryv? yep. i'm the all-in-one management software built for small business. high thryv! help me with scheduling?

sure thing. up top. high thryv! payments? high thryv! promotions? high thryv! email marketing? almost there, hold on. wait for it. high thryv! manage my customer list? can do. will do. high thryv! post on social media? hash-tag high thryv my friend! get a free demo at thryv.com. the u.n. climate change conference continues, drawing 10,000 attendees every day what impact does an event like this one have on the environment? diana olick is here to take a look >> can i get a cup of coffee. >> reporter: you have got to give to it cop26. >> am i supposed to reuse the

cup all day? >> yes, you can. it is your cup. >> reporter: are people willing doing it >> everyone is doing it. >> reporter: they are trying it is not just reusable cups everyone gets a water bottle to fill for the duration. need to charge up, hit a solar powered green booth. even the food. suppliers are based within 100 miles of glasgow, reducing the distribution footprint the confused it self for get the calories has a carbon count the furniture? sponsored by ikea, a sponsor of cop26. >> bringing the furniture to the cop it is not ending with the cop itself we are working to donate later all the furniture to the people in need. >> reporter: all that is all good but here comes the not so good 10,000 people, and that's limited by covid restrictions, are in this venue every day. and they came in from all over the world. >> kenya i live in kenya.

>> reporter: most of them by plane, and a lot by private jet. there were a plethora of presidential motorcades and a whole lot of carbon emitting consumption, from security, to swag, even to the building itself, part of which was put up just to handle the size of the event. while thousands are attending on line others are choosing not to. >> it's my first time so i needed to understand the process and how things are going because it is true that on line is not the same. >> reporter: clearly, it is a trade-off, having the event in person creates more visibility, more news coverage, and more face-to-face pressure on all the parties to do all they can to save the planet. >> so does that limit on the number of people, because of covid -- obviously, it must reduce the carbon footprint in part it does in part. we are swiped in and swiped out. but to let you know on monday and tuesday when political

leaders were here, they did reach capacity, and registration, virtual and in person was 40,000 people 30,000 didn't get in here, but 10,000 did they have reduced the number of people people given so much demand. >> diana olick thank you for your coverage. with bookings holdings are higher on strong results investors slugging off requirements on covid resurging in up. expedia and airbnb reporting after the bell should we expect a similar rally? trading nation tackles that question next.

welcome back to "power lunch. a strong recovery in travel helping booking holdings today ceo telling me he does not think higher prices will discourage travel this holiday season and did say a full recovery is far away >> we have to be cognizant that it is not going to be a linear recovery the overall, long term trend is really great and allowing vaccinated people to come to the

united states is super for the u.s. travel industry. >> now wall street is betting that as more people get vaccinated demand will shift back to hotel from rentals that saw record demand in the pandemic what does that mean for airbnb and expedia? let's check our trading nation team jeff, airbnb the market leader coming to home rentals but you prefer expedia as a trade. tell us why. >> i do. four times the size of expedia but expedia is the number one in tier one cities like new york. we have seen it locked down and now that we see this ban being lifted on monday that gets exciting because people have pent-up demand come back to the bigger cities. a year ago it was minus 22 cents

a share but the growth in expedia despite the fact of a smaller country is the website that's a comprehensive tool. booking hotels, cars, airfare. it is down today but optimistic about the whole space but specifically with an opportunity to move higher with demand coming back. >> airbnb is the outperformer in comparison to expedia. what do you expect tonight >> i think it's important before airbnb on the earnings this is the fourth quarterly report from the company so we finally have enough fundamental data to spot earning trends. the company ipo'd roughly a year ago. what does the technicals tell us right now? looking at the chart the first sign is $130 that is a level that's defended by the bulls time and time again.

now if we zoom in on more recent price action we find that it out performed but october is sideways range bound. seemingly waiting for an injection of volatility. i believe that the earnings catalyst tonight if positive can break airbnb out of the short term range and i think the earnings are critical for the company. >> up about 3% ahead of its report thank you. don't miss my interview with expedia tonight. you can follow us on the website. a happy new year to all that celebrate tonight. >> we will with the bangles, the skirt, the whole thing. this report is bananas the surprising products in foods

americans are having delivered most via uber eats. now the latest from trading nation.cnbc.com and a word from our sponsor.

welcome back uber eats is releasing the cravings report to recap the most popular items ordered on the app. burger and fries is not the case. >> americans love bananas. that's the takeaway here that's a key takeaway. >> from where? >> right it's the latest installment of the cravings report an update on the most popular goods ordered for delivery on the ride hailing giant's platte form. more people request groceries to be delivered no surprise. the most requested item is bananas. september alone, guys, uber eats delivered more than 12 tons worth of bananas to customers. the report goes into the takeout trends as you might expect

mexican, burgers and chinese food most popular while some of the most popular items is french fries, pad thai. by the way, demand for freeze fries soared by over 1200% in the pandemic >> and wonder why america has a weight problem. >> before you hit -- i thought they ordered from restaurants. >> you can get groceries delivered. i don't like -- i love cheese fries but delivered -- >> they don't travel well. >> no! >> fries don't. >> exactly uber brought drizzly this year >> drizzly check out the most popular items. alcohol orders, margaritas, white claw, coronas and cab nay.

this is part of the uber eats family that's a lot of alcohol delivered. white claw. >> why did josh become a thing >> i don't know. a value proposition? >> i'm bringing josh home for dinner. >> thank you we have to go. >> we should. >> there you are thank you for watching "power lunch. "closing bell" right now hello and welcome to "closing bell. i'm sara eisen nasdaq outperforming heading into the final hour of trade and the dow red dragged down by the big banks. down 152. >> i'm wilfred frost good afternoon more major moves on the back of earnings including a jump for qualcomm and a plunge for moderna. a pandemic era low of 269,000 jobs ahead of tomorrow's october jobs report.