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.

expectations of a gain of 450,000 jobs consumer discretionary with an amazon boost a buy rating on that stock. >> we have a great lineup. coming up, the ceos will join us to break down the quarters as the stocks move in opinion zit direction today. a big exclusive interview with ibm ceo following the complete s spinoff of the i.t. department results from uber, airbnb, p peloton and square. first mike santoli as always and then michael yi from jeffries mike, start us off as the dow down 140 again. >> yeah. down all day s&p 500 still nudging higher in

record territory dissonant action without nvidia vertical today and every other stock staying the same the s&p would be flat and lumpy for the net gains. it is not surprising the majority of stocks are taking a breather and settling back here. up 9%. we're right back on this sort of angle of ascent that we have been on pretty much all year and getting up to the top. you look at the momentum indicators they get hot right now similar to where we were right about there in early april better seasonal trends and also been almost a concerted grab for the most aggressive, fastest moving, riskiest stocks. this reflects a beta chase they tend to do better late in

the year s&p retail index you see this is exactly the same move in the last week. riding this line after multiple months of consolidation. in early june we had the culmination of a big reopening trade and a lot of these going sideways since and a good indication when some of these areas are doing well and could mean that the mark's grabbing for the stuff that seems an easy bet and we can get overheated if that happens take a look at a pretty unstudied market this is the spinoff. this etf holds shares of companies spun off we have the ibm tradeoff trading today. over history spinoffs have been great investments.

they sort of trade down to a discount and then they get sponsorship. heavy weighted in industrials this etf otis, carrier. so we'll see how it goes from here over the long term it is a good area to play in. >> the resilience of the market is holding firm despite days when yields rise or fall and had both in the last couple of days. >> that is true. i don't think that the yield story within a range is not going to define the direction of things but true with banks as weak as they are right now, small caps giving back, it takes a handful of stocks. nvidia has added $100 billion into the market cap just today on really no new news on that company. >> talk about moderna plunging following an earnings miss this morning and cutting the full

year sales forecast for the covid vaccine. let's bring in michael yi at jeffries with a hold rating and a $375 price target on the stock. good to see you as always. overreaction or legitimate reaction >> great to be with you. this is a super high expectation. all year i think just around 500 bucks this summer. you missed the quarter, you lore the guidance by $500 billion it's a reaction. there's a big guidance disappointment today. >> what extent is it pulling back because of the earnings multiple it's already had enjoyed -- not enjoyed. suffered a pullback from the peak on the summer >> i think what's important is

because there's a big slip-up today but they have to hit the fourth quarter number. i think they have to sun more contracts, get demand up for 2022 i think they have to execute better if that's the problem which they just said on the call of a fill finish delivery issue going on they need to fix that. the stock is certainly not cheap per se not a value stock and more room to move down if there's another disappointment. >> bulls will say what about the pipeline they have other studies going on and going after other diseases how much does that drive stock and the sentiment? >> great question. first and foremost you got to hit the covid numbers and deliver on that. that's key front and center. i have been saying before but they didn't have it before the flu data coming imminently

and they also have some data from astrazeneca and cardiovascular in two weeks. i'm hopeful there's a short term bounce on that and i think a bounce on that but the reality is covid is front and center. >> let's talk while we have you about the merck anti-viral and the approval in the uk how significant a step is that >> look. this is another impact that the market has digested as a problem for 2022 part of the problem is back to the summer is that when covid infections go down no one feels like there's an urge to get boosted. revenue visibility goes down second is merck anti-viral pill approved in uk and a lot of headlines across the tape so that's another thing that infections are going down.

pills to treat people. pfizer data coming in a month or two. these things are hammering people saying is there demand next year for covid boosters got the stock pressured and i expect that's the continued theme for a while. >> with regard to this merck anti-viral pill which many hail as a game changer, do you just assume that the fda will quickly approve this for emergency use authorization or is this going to take longer with questions? there's an unc study questioning dna mutation i'm not a doctor i don't know about the things but could be complicated. >> great question. there is a fda panel coming up i suspect that this will be a clear positive panel and approve that pretty quickly.

there's scientific risks about the drug merck addressed it on the conference call. i expect it will be approved in the usa. pfizer's drug also likely to have positive data and that will be for people and options out there and while there are theoretical risks i think people feel safe with the drugs. >> thank you for joining us. >> thank you after the break, the ceo of $100 billion animal health company zoetis joining us. you're watching "closing bell" on cnbc. down is down 142 points. nasdaq outperforming today 13 also positive

♪♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have the right balance of risk and reward. and helping you plan for future generations. this is "the planning effect" from fidelity. it's another day. and helping you plan for future generations. 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.

shares of zoetis in the green today after the animal health company saw profits and revenues rise in the quarter and the company raised the full-year guidance ceo kristen peck hook the helm in january of last year and the stock up 60% since then outperforming the broader market and joins us welcome back good to see you. >> saw great to be here. >> there's this thought that as the world opened up and the whole pet adoption craze faded people just wouldn't be spending as much on the health care of their pets is that wrong? is that not what's happening >> as you have seen throughout the year and certainlyin this quarter we have had a strong, steady durable growth. this quarter with 10% growth on

the top line and 10% on the bottom line and on track to have the best year ever for the company and we believe there's a long tail to the trend i think, you know, people across the globe are looking for comfort from their dogs and i think that the trend of people spending more on their dogs, people spending more time with dogs and the new generation and the role that pets play in their lives is a sustainable trend to drive not just the industry but zoetis in the coming years. >> so the companion health part of the business is strong but livestock not quite as much. what's going on there? because there's also a thought that this would be the strong part of the business when people open up and people go to restaurants and hotels and dining why's that been somewhat weaker? >> it is in line for us with our expectations for us we had 2% decline in

livestock in the quarter which is what we expected but it's a complex story there for us and driven by the loss of some major products in livestock. but what's important to understand is we saw 7% growth in livestock internationally for us we see the long term trends of more urbanization, feeding the world and middle class wanting more protein as a trend to continue to bring back livestock to its historic growth numbers livestock grewn't 4% and confident that as we get through this we'll be back to those levels. >> why is it that that's still doing better internationally the patents are not expired 0er the generics don't have the

penetration? >> the species vary. some of the markets around the world, poultry or fish with greater than 20% growth for us you see them rebrown and some products are not as important there and also the geographic diversification. we said an affidavit of zoetis is the we have diversification by species and geography and therapeutics a all in all we consistently deliver growth above the market. >> is there any effect of you for the supply chain issues or trams issues as a large manufacturer to source a lot of ingredients to make the medicines? >> a group i'm so impressed with is the manufacturing team. it's been challenging but we have been able to deliver and

that's been a lot of thought they put into managing that supply chain, increasing inventories in raw goods because the trend whether it's the cost of shipping and the time it takes or some of the increases in cost of raw materials or even wages, supply chain challenges we have seen they've done a phenomenal job to manage and so proud and keeping a close eye on this we have been able to manage through it quite well and a year you don't know where the next one is coming from. >> how big could the relatively new products in the osteoarthritis get >> if you look at pain in dogs and cats it could be a $1 billion market our product in dogs which for its first quarter ever did $15 million in europe and for cats most of that will be in the dog

market 200 million in cats. this is a significant unmet medical need and the products which are monoclonal antibodys have a great safety profile and talking to pet owners and veterinarians they're so excited to see the life improvement in dogs and cats. >> i'm curious how you handle the vaccine mandate. we have two months now from the biden administration to mandate testing or vaccine workers have how will you deal with the new rules? >> wechb proud of the ability to keep the colleagues safe throughout this. we have required vaccines for anyone entering the offices in the united states and making good progress across the board on vaccinating the colleagues so we'll continue to work with the colleagues that have been phenomenal through this and they

have stayed engaged throughout and confident to look up the details to be able to clearly meet the mandate. >> and the plants, the factories? >> yep as well. we are making good progress across the board our colleagues have been awesome to stay healthy and understand the importance we make covid vaccines for animals and important to make sure we protech our colleagues. >> they're shipped all of to the zoos thank you. >> we'll have it in 14 countries and over 20 zoos and sanctuaries this year. >> thank you for joining us. >> thank you for having me. >> i like the animal pun in there. >> long tail. >> i will come more prepared with puns next time. >> she is the ceo. >> trying to think of some throughout next time, kristin, i will have

the animal puns a can't miss interview with the ceo of ibm and allbirds with a high flying trade. we'll tell you about the move of name that made the debut check out the top searched tickers on cnbc.com. the 10-year and tesla as er.ve moderna, nvidia and qualcomm rounding out the list. hey businesses! you all deserve something epic! so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like one's that re-opened! hi, we have an appointment. and every new business that just opened! like aromatherapy rugs!

i'll take one in blue please! it's not complicated. at&t is giving new and existing customers our best deals on every iphone, including up to $800 off the epic iphone 13 and iphone 13 pro.

we have got news on the cyber security area. eamon? >> there's a reward for information leading to details around the leaders of the darkside ransomware group. it goes for information leading to identification or location of individuals with key leadership positions in the darkside

ransomware variant transnational organized crime group and offering additional award of $5 million for information of any individual attempting to participate in a darkside ransomware incident. darkside was the group associated with the colonial pipeline hack over the summer that shut down so many fuel depots in the country and constrained the supply on the east coast to the united states and now there's a bounty of information of who the leaders are of that group and details about anybody who participated or conspired with any of the hacks that that darkside group has done so the u.s. government here dangling a huge amount of money out there and hoping presumably that somebody in the darker spheres of the internet will decide to take that information to the government and check that $10 million

back to you. >> probably want it in bitcoin >> possibly. >> hopefully leads to information. furniture retailer making the public debut today following the ipo yesterday. leslie picker has an up date on both names leslie >> yeah. a tough start for our house down sizing and slumping in the debut and chatting with someone on the buy side i'm told the supply chain bottlenecks front and center here. shares down about 5% if you have tried to order a couch recently you have seen this firsthand and then to make matters worse there's zillow's news thisweek to shutter the home flipping business that's not great for sentiment 35-year-old our house, its bankers thought the market would pay up given performance of ra

which doubled the s&p this year but instead after feedback from the roadshow they slashed the offering you can both shares down today allbirds with a remarkable first day of trading yesterday skyrocketing more than 90% today it is giving back some gains and shares down more than 9% today. >> still not bad from where it priced at $15. thank you. is makeup making a resurgence we'll ask the ceo of elf beauty. and heading to break a check on bond yields lower today. 10-year around 1.53 with pressure on the financials worst performing sector inform market 10-year yield, 1.51.

armoow ler we'll be right back.

the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential.

let's have a look at individual market movers a big restructuring of credit suisse that division was to blame for the more than $5 billion in losses when the capital management defaulted earlier in the year this january the bank will reorganize to fourth divisions prime brokerage sat in the investment bank. the u.s. trade down 5%

closed down in swiss trade just shy of that level. all european banks suffering today as yields particularly in europe pulled lower in light of no hike from the bank of england as had been expected also shares of roku lower noted a slowdown in new active accounts the stock is down 8% today jim cramer spoke about roku in the newsletter today sign up head to cnbc.com/investingclub or point your phone at the qr code. >> penn national gaming p plummeting after results contessa >> the stock started the nosedive after showing that they missed expectations in a key

earnings met rick and blaming hurricanes, the delta variant but the margin is compressing, facing stiff competition that as you said is not the whole story. as the ceo was talking about the importance of diversity in governance there's an article about dave portnoy's alleged sexual encounters and he denied the allegations and he blamed quote/unquote cancel culture for a hit piece he said. portnoy is central to the brand. and penn ceo talked about portnoy on the call and had him doing the promotions in the earnings slide deck and a controversial character and investors may now see him as a bit of a brand risk so if you had 10% drop in the share price

for the earnings report you got another 10% drop or so because of the news about portnoy. sara, wilf >> thank you down 18%. hi, sue. >> hello great to see you good afternoon, everyone covid cases and hospitalizations are rising sharply in europe up 55% over the past 4 weeks the world health organization calls that surge a warning shot for other regions of the world in belgium hospitalizations have reached levels last seen in october of last year just before a fall loktd officials say almost all of the people in icus have not been vaccinated. jenna ryan has been sentenced to 60 days in prison for participating in the january 6th invaccination of the capitol. she called the 6th one of the best days of her life and took a

plea deal in july. annintendo says it might be hard to find it can't meet demand because it can't get enough of the chips needed to make them. it is that time of the year or close to it first time ever the rockefeller center christmas tree is coming from maryland. it is being treped for the trip to new york and a ceremony on december 1 you are up to date back to you. >> doesn't look that big in that picture. >> it doesn't from the perspective of the helicopter. that's why trust me. >> stick it in the middle of new york city and it is different. >> beautiful. >> beautiful and look forward to it i love the run-up to krchristma. thank you so much. shares of e.l.f. beauty

falling today. we'll talk to the company's ceo about how it is navigating the headwinds.mount ev t, by jimmy c♪ ♪ [suitcase closing] [gusts of wind] [gusts of wind] [ding]

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. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire 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...

elf beauty sharply lower today despite raising the full-year outlook. the stock down nearly 10% today. there's higher costs and supply chain and freight head winds the ceo joins us now for a first on cnbc interview. great to see you again. >> nice to see you, as well. >> sales growth was good 27%, way above expectations. some concern over the margin decline and the fact you didn't lift guidance.

talk about what you're seeing on the cost pressure side of things with transportation and everything else. >> sure. so first of all i'm pleased with the results. 27% sales growth this quarter. 11th consecutive net sales growth quarter and only top five brand posting strong growth. and i would say the overall consumer engagement momentum is terrific we face the container imbalance lead times and elevated cost navigating that well the teams did a remarkable job in q2 we maintain 95% of customer in stock levels and embedded the costs in the guidance and will deliver in the guidance growth even with the elevated costs. >> do you have room to raise prices i think of elf products as value

oriented do you have room to pass it on if the headwinds continue on the transportation side? >> we have pricing power we took a round of pricing in may and saw good results but as you say we have an extraordinary value. we have pricing power but want to wait to see how many of the costs are permanent in nature or temporal and then decide but we have pricing power. >> what is going on with the industry you said that you are growing faster and taking market share there's hope that once we were all starting to go out again and dressing up again and shopping again, masks are coming off to see more cosmetic sales. >> i'm bullish on the category long term. the preponderance of the evidence is bad for the category down as much as 20% with the restrictions in place. obviously elf is leading the way

and seeing good innovation in the category >> how much of the growth is coming from social for you, specifically tiktok which is really instrumental with some campaigns? >> it is a real driver for us. not only tiktok but on twitch. many consumers play and watch others play video games and we have success marketing and it is really the ability to engage consumers that continues to fuel our growth. >> i notice the site traffic up 45% on the alicia keys met gala getting ready. how instrumental are the celebrities? i think of the kardashians and others in boosting sales and excitement in the category right now. >> i feel alicia keys is much

more than a celebrity but an inspiration and we have a shared vision to change the face of beauty and pleased with the brand we developed with her and her level of engagement and passion makes a difference. >> more than a celebrity thank you for joining us we are gearing up for a big hour of earnings still set to report. we'll look at the key metrics analysts are looking for in the results coming up next in the market zone. we are down on the dow up .2% on the s&p. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get

your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. with xfinity home, you can keep your home whose resumes on indeed ma and everything in it. more protected. i can wrangle all my deliveries. thanks, hoss!

and i help walk the dog from wherever. *door unlocks* ♪ ♪ well, i can bust curfew-breakers in an instant. well, you all have xfinity home, with cameras to home security monitored by the pros. *laughs* learn more about home security or get our self-monitored solution starting at just $10 per month.

power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools, and interactive charts to give you an edge, 24/7 support when you need it the most. plus, zero-dollar commissions for online u.s. listed stocks. [ding] get e*trade and start trading today. 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 [ding] and start trading today.

♪ we are now in the "closing bell" market zone. commercial free coverage of the action going into the close. mike santoli here and today we have strategist stephanie link with us. good afternoon to you. let's kick things off with the broader market mixed picture. the dow in the red and the s&p and nasdaq on track for record closes the nasdaq up for the ninth straight day looks like we'll get the record closes for them. the dow is negative, mike. if we were flat from here for november no one would be surprised. >> yeah. the sprint in a month. the consecutive days up in a row. how stretched short term the market looks and right now the average stock in the s&p is

down .4% so you have an extreme version of earnings season action today with outsized moves in individual names offsetting themselves into a flattish s&p but in general a breather makes sense here. >> you like zoetis, steph and ibm. we basically just book ceos of companies that you like but what are you learning on the conference calls that you are on every single one to them and speaking to investor relation departments about the outlook that's questionable with some companies and seeing it in the share price reactions of those getting punished. >> i love the zoetis interview and looking forward to hearing what ibm has to say and great things happening at that company. i think one thing i learned this week on the economic front is that object did rebound from

september obviously as covid cases started to roll over and we saw factory orders ex-transportation that beat expectation just the job numbers are better than expected ten straight months of growth. back to march of 2020 levels i look at companies like booking holds, match group they're saying that mid september and onward into october they really saw demand pick up so that's encouraging. with all this growth you have inflation. talking about it for a while not happy with unit labor costs today and listening to the dallas fed they expect 6% rent growth in 2023 those are the two pieces of inflation that i'm watching but better growth and inflation isn't a surprise to taper. we don't need emergency stimulus and glad they're startinging

meantime earnings are growing 31% and numbers higher and revisions higher which is very encouraging. seasonal strength. i think you stay long this market. >> and the fed being patient on interest rates which probably helps. shares of qualcomm surge on the back of a big beat forecasting strong future growth driven by demand for 5g smartphone technology. the ceo joining "squawk on the street" earlier today. >> we addressed the issue early. we had a number of design of products in multi sourcing we multisource leading technology announced two new products that are original we put capacity plans in place and it's working exactly as we planned. we said we'll see term supply improvements in the end of the

year and reflected in the guide. >> qualcomm up almost 13%. check out shares of nvidia up almost 13% jim cramer noting it this afternoon saying it is the trust's largest holding at 5.4% and named his dog after the -- what is driving the move here? >> qualcomm's numbers great. got back underperformance in a big bite so it's a halo on the semis. a bit of a grab. nvidia up $100 billion in market cap today. it is a combination. there was a price target increase wells fargo to 320 so the magic word meta verse and the stampede into the 300 strike call options for nvidia, massive call volumes, i don't mean it's above trillion dollars tomorrow

but amazing momentum in the stock. business best positioned in the fastest growing areas of the industry and the cult to buy every dip and look at the little -- >> is it unsustainable >> at this pace it is. it is always been challenged on a valuation side it's not really the financial metrics but i think right now it is essentially looking like a little bit of an overheated chase in the context of a long term advance. >> steph, would you agree? >> yeah. i used to own nvidia and i sold it because i made a lot of money. it was up 100% and felt good but i play the facebook story because i think the disclosure improvement will lead to a

rerating in facebook i'm overweight semiconductors. increasing content it is trading at 20 times. i don't think that's egregious and it's a dividend yield. gross margins up 600% year over year operating margins beat and free cash flow grew 40% and then lam research at 27 times and waiver fab equipment i think grows to $100 billion next year and benefit taking market share so there's places i think are values or a growth at a reasonable price and nvidia is hard to get my hands around. >> down 4.5% since the show started and gotten to an unstable point with the momentum. >> intraday chart showing that

>> if you go back ten years -- >> of course. >> doesn't do 12% a year but in 2019, $50 stock. >> been the mega winner. no denying that. >> every technological -- >> you have to get people overexcited enough in the short term this isn't the end of anything and not the beginning of something looking at that chart. >> investors set for a huge hour of earnings after the bell kate with square >> the big focus or square today is the cash app business, payments app and venmo competitor they expect a slowdown out of the pandemic with a boost from stimulus checks and banks closed and eyeing monthly active users why the seller business is another key business revenue and

the acquisition approved yesterday is expected to close next year. wall street is looking for an up date on timing and hurdles with that deal. back to you. >> thank you so much square's -- how's it done? >> valuation wise it is obviously kind of towering but the stock held up better than paypal and then some other finteches and kind of card processing names and seems to have a little bit of a halo based on being more positioned with crypto in the cash app so i think it's interesting to see the reaction to the numbers today and not that user growth going in the wrong direction and wonder whether it's priced in and can sustain the relative outperformance. >> real pressure on the payment

stocks airbnb and uber on the calendar. deirdre bosa with both after the bell. >> uber first. lyft is showing success. and lyft continues to deliver. uber is more global and diversified or as lifrt puts it less focused will its delivery business help or hurt? as for airbnb this company may be a pandemic and post pandemic winner people look to home sharing at the height of the lockdowns. can they continue to choose airbnb once industry travel returns? airbnb raised the stakes on itself projecting to be having the strongest quarterly revenue

and highest adjusted ebitda and margin this quarter and that's what analysts will be looking for. >> thank you stephanie, do you like the two names which both have strong reopening tailwinds? >> yeah. i prefer uber at 4.2 times revenue. i don't own it but not to say i wouldn't own it i want more color whether they reiterate the profitability targets and driver shortages but i think the ride business is on the mend i expect 11% sequential growth in bookings on ride side i think delivery has challenge just because of reopen that's on the radar screen i think the ceo is phenomenal and lyft gave you a read that things are getting better. expedia is up 17% in the past

month and not cheap but it is a reopen play and it was very encouraged by bookings holdings and will see benefits from the cross border and verbo mix. >> mike, on uber not seeing a jump like for lyft but the environment improving rapidly. >> yes lyft raised expectations the capacity to take on more on that front i don't know if we hear anything that gets the company out of this bit of a trap that it is in terms of people not seeing the way toward when the model starts to flourish and kick off profits. the stock in the 40s forever before the low 50s forever and it's been treated as this kind of yutility that everybody needs and spends money to keep it up

and running and a miracle of consumer service and unclear if the company can make good on the promises fundamentally. >> two minutes left in the session. up on the s&p. >> they have been soft all day so implied earlier most stocks in decline both on the nyse and the nasdaq. looking at the volume split on the new york stock exchange 1.3 billion to 2.5 billion to the downside and been little bit of a struggle on that front look at new 52-week highs versus lows on the nasdaq it shows the momentum in the last few weeks 369 new highs is a lot longer term that's a good sign there's internal momentum in the market even if it's stretched. volatility index nudged up into the high 15s to 16

it is at the lows. we have a jobs number tomorrow and risk in there. see if it gives way with that report first thing tomorrow morning. >> weakness in september and august for jobs. take a look at where we are in the session. the dow under pressure biggest gold is goldman sachs and travelers. it is a growthy day. s&p looks set to close at a record high but need a positive high for a record. technology leading with industrials, communication services financials, real estate and health care bringing up the real it is a big outperformer today nvidia is a huge -- amazon with a good day why qualcomm we hit tesla is up again. microsoft. some other chip names.

moderna down small caps under perform it does look like the dow and small caps coming closer to the flat line. s&p 500 and nasdaq go out with a record close ♪ welcome to "closing bell." i'm wilfred frost with sara eisen and mike santoli closing with another record high for the s&p and the nasdaq the s&p up 0.4%. nasdaq up double that why the dow nearly in positive territory. nice ramp we saw into the close particularly for the dow down just 31 or 0.08% excu consumer discretionary and tech only up more than 1%

we have a huge hour of earnings ahead with airbnb, expedia, square and uber. also breaking down the numbers from shake shack, dropbox, peloton all results are moments away stephanie link is still with us and emily hill joins the conversation mike, to you first the other thing which we touched on at the top of the show and the hour -- i did shower this morning. move in yields very pronounced and led by europe and the uk in particular and points to the story that the move to the opposite direction influenced by foreign yields. >> seems that way. when the bank of england did not raise rates as many anticipated and the market seen priced for something like that. immediately u.s. 2-year yields

fell apart unusual. it tells me that the treasury market's twitchy it is trying to anticipate action and not really the treasury market telling you about the macro story for the u.s. at the moment seems like the credit card realtime spending data looks fine people hate bonds. with a selloff in treasury seems like it can't sustain itself in straight line with short covering and repositioning. >> it makes sense to see yield lower if the message is patience on interest rates. what happens if we get a strong jobs report tomorrow is that a mode where it's not good for the market? >> my sense is not yet because a good jobs number would probably mean what the market is

supplying new people in the open jobs that are there and there's a weird mismatch of tight labor market the fed will wait until they see whether inflation is still there ab sent supply chain effects and i think we have time before you worry about the good news means bad news for the market. >> expedia is out. seema has them for us. >> a solid beat. the online travel operator, $3.53 adjusted a big beat on the bottom line. revenue at $2.96 billion the ceo saying despite continued volatility in the recovery the net income adjusted for the quarter nearly matching the third quarter of 2019. and domestic travel. kern mentioning positive signs in q4 as restrictions eased.

seeing shares higher by around 2% gross books is key to watch. up 117% year over year booking holdings rose by as much as 77% year over year and big numbers here comps helping. stock unchanged after the hour pete peter kern will join me. >> thank you so much for that one. steph, you are a holder, right you must welcome the numbers. >> yeah. happy to see a beat. let's hear what they have to say about guidance bookings numbers are strong and verbo seeing momentum. i want to hear about cross border net-net after marriott and hilton, we have heard companies just say that demand is on the

rise and so that's why i like reopen name just this one happened to rise 17% into the print. high expectations but it is certainly one i like for the longer term. >> emily, what are some ideas? are you playing the reopening momentum that we are seeing? still surprising on the names like travel stocks where you would think it is priced in with what's happening with vaccines but it is still as you can see causing some big moves. >> yes i think most is priced in. some of the earnings i look for today is big commerce coming out shortly. i am still a big fan of semiconductor stocks i just joined as i heard someone else discussing that and nvidia today skyrocketing and qualcomm and still a big fan of taiwan

semiconductor. so i think the reopening names are -- reopening is priced into the market frankly, i'm concerned that we have got a major asset price bubble that has built in u.s. stocks and those would be at the top of the list of overpriced. >> maybe reopening is priced into airbnb which is moving down 5% as earnings cross deer dree bosa has the number. >> despite a record quarter and may have something to do with expectation. airbnb is valued at a must have higher multiple than the otas. a record of $2.2 billion better than execed by the street up 46% year over year. earnings per share adjusted ebitda over $1 billion net income positive. 834 million.

more than tripling year over year both of those metrics at an all-time high for the company. guidance is in line with expectations at $1.4 billion falling just shortly of estimates. gross booking value at $7 billion. the number of listings the company said the growth of aboutive listings strong ers where guest demand was highest in the quarter and compared to the same period of 2019 but not 2020 and over the last year the competitors have been spending big to attract hosts airbnb shares cutting the losses but still negative territory by about 4% this is a stock that's run up about 20% this year. back to you. >> d, thank you so much. not using the peloton enough. >> i haven't peloton shares are sinking but another reason might be the

earnings what are you seeing? >> easier to blame you but the ride is slowing down 22% down and failed to beat expectations posted a net loss per share. when the street was expecting $810 million gross profit dropped 20% year over year. did manage to eke out the new connected fitness subscribers it only quote partially offset the continued impact of tread product recalls. the company says that the bikes about 400 bucks cheaper now appealing to younger and less affluent customers dropping prices to be more inclusive or quote this informs the decision to prioritize accessibility in household acquisitions over near term profitability and points out the environment is challenging with

commodity cost pressures making it harder to provide guidance so for q2 the company expects a lower range with gross profit margins up 24% see the street's reacting. stock down 20%. >> pretty much a miss on every metric and now uber results deirdre? >> if you miss this, hitting the stock by more than 5%. uber revenue coming in better than expected. $4.8 billion eps loss a loss of $1.28 per share. this is mostly due to more than $3 billion write down. the street expecting a loss of 33 cents a share a big miss doesn't take into account that

dd loss that should have been obvious. ebitda at $8 billion a loss was expected and the q4 range, the company said it expected adjusted ebitda gross bookings this is a miss and this is key also probably just hitting the stock. $23.1 billion. narrow miss. 23.3 was expected. in terms of supply, driver supply is very key for this company saying that u.s. mobility drivers were up 60% year over year and that compares to what lyft said this week. in the third quarter notably in this release we don't have a commentary. they don't say whether they can pair back investments of supply and probably critical. >> does that commentary normally come on the call or the release?

>> lyft pretty explicitly said it didn't come until the call. i'm sure they will be asked. we'll see. it could. >> not a specific omission just something to -- now on the call uber ceo will be on "squak box" tomorrow 7:45 a.m. eastern time. so much to chat about. mike, uber at least was up 3.5 pis3.5% week to date coming into this. disappointing. >> absolutely. maybe prime for people will be leading slightly positive after lyft the story is the grind peloton, this looks like - >> not going up going into the report. >> exactly down quite a bit today and way off the highs and might be a little bit of a culmination of people giving up in the short term and does have a decent size short position

more than 10% of the share short. >> wpinterest, julia boorstin? >> pinterest beating on the top and bottom line and the monthly active users falling 28 cents per share 5 cents better than estimates. revenue coming in $2 million ahead of estimates and the key monthly active user number a decrease to 444 million. the estimate for 460 million instead of adding 6 million mothly active users the company lost 10 million in the quarter so effectively a 16 million user shortfall than expectations. in terms of guidance the company expects the revenue to grow and operating expenses to grow quarter over quarter and

providing more guidance on the call they give insight into the monthly active user number saying that u.s. users 89 million in line with where they were at the end of the quarter and globally 447 million so indicating that they did manage to grow the maus by 3 million over the course of that first moft of q4 but it is that u.s. monthly active user number back over to you. >> stock having a pop there after hours. thank you. it is beaten up lately leslie picker with the dropback numbers. >> the stock just turned negative down almost 2% in the last few moments it was positive after the earnings released. down now more than 3%. they did beat. the top line reported 37 cents

per share. the estimate is 35 cents a share. on the revenue side they reported 550 million which is 13% year over year gain. the stock is up 40% year to date as far as guidance goes, the company will provide forward looking guidance in connection with the earnings in the conference call today at 5:00 p.m. we'll look for that. shares down more than 3% back to you. >> thank you shake shack a name that's -- airbnb a name that is higher by 5% shake shack, kate rogers >> that stock down around 3% this is a mixed quarter. adjusted loss per share at 5

cents. a penny better than 6 cents projected. miss on comps. up 24.8% in the quarter compare to 27.8% estimates why momentum versus 2019 continued into fiscal october saying overall same store sales down 1% and all of the regions outside of new york city surpassed the 2019 levels. digital also about 42% of sales in the quarter but giving outlook that was lower than expected the stock down 7% year to date the call is at 5:00. back to you. >> thank you square earnings are also out kate rooney has the numbers. >> a big miss on revenue top line $3.84 billion up 27%.

still a miss wall street was looking for 4.5 billion on revenue eps in line with 37 cents and gross payment volume 45.4 billion. that was up 43% year over year the seller ecosystem up almost 50% year of year the cash out ecosystem grew pretty much flat 33% year of year where it was in terms of the growth rate in the prior quarter. shares taking a dip right after the earnings report. they have turned around. up about 1% after hours here back to you. >> kate, thank you where do we begin? steph, begin on peloton. stock down now almost 24% after hour just a miss on basically everything does it get interesting to you given that it is now in a several-week decline and this is

just taking a big tumble >> it is already down 42% year to date. it is always interesting but the problem is -- this is like a hot mess everything missed and they cut price in august. on the treads and the bikes. so you would have thought that the numbers would have been better the fact to focus on growth versus profitability, it is hard to really value this some point it is interesting to watch and let it settle in trying to find something good in the report and i don't see anything unfortunately. >> the new elton john 45-minute ride is good i'll just add that i enjoyed that. >> only one that's interested. kidding. >> i have done it twice in a week excellent. a personal best. >> doesn't sound like alex. >> i can't remember the name of the instructor

emily, in terms of the big declines of the highly priced names, do you think that they have a multiple compression to come >> yeah. i do i think a thing that's not -- i would just speak to uber actually this applies to pinterest, as well, regulatory risk and increased skrut noi. looking at uber we are seeing states and cities trying to basically have uber drivers classified as employees rather than independent contractors there are issues of capping delivery charges of restaurants. pinterest has a similar issue with regard to security and privacy issues so i think that some of these big selloffs are actually long overdue. so i'm not surprised i don't follow peloton as

closely so i don't have a comment on that one. >> we know you have pinterest up 4% after hours we have to leave the conversation there thank you both for joining us. >> thank you. >> thank you. peloton shares as emily referenced plunging after a miss we'll ask an analyst whether it's a buying opportunity. ibm just completing the spinoff. coming up ibm ceo on what investors can expect from the new focused ibm. says it's focused on the big growth businesses. growth businesses. we're back in two minutes. i not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people

achieve their financial goals. visit findyourindependentadvisor.com in business, setbacks change everything. so get comcast business internet and add securityedge. it helps keep your network safe by scanning for threats every 10 minutes. and unlike some cybersecurity options, this helps protect every connected device. yours, your employees' and even your customers'. so you can stay ahead. get started with a great offer and ask how you can add comcast business securityedge.

plus for a limited time, ask how to get a $500 prepaid card when you upgrade. call today. peloton plunging 20% after hours. let's bring in james harden with a hold rating and $90 price target on the stock. it's quite hard to find any positives in the release >> yeah. that's right

i'm not sure based on the previous conversation that sir elton can save them on this one. it is pretty ugly. the guide, i think it's more about the future guide than it is the first quarter performance but what's really disappointing is this stock got hammered after the fourth quarter print biding to an abysmal first quarter in line with that guide but the crazy thing about it is the remainder of the year was really aspirational as we think about what was built into the implied guidance for the remainder of the year and people scratching the heads at thetim and wondering if this is a buying opportunity but the numbers were not layoffs and seeing now they brought all those targets down substantially after just -- it was late august, early september when we last heard from them a month left in the first quarter. it is pretty amazing how much

worse things appear to have gotten with the outlook here. >> what levers can they pull here would you welcome further price cuts or would the market hate that >> no. i think the last time through -- look we all know that price cuts are a part of the strategy here and that they're an inevitability and allows them to reach a larger market but at this stage of the growth curve i think three monthsing a when they pulled that lever it was surprising that it's this early and doesn't leave you a lot of dry powder sort to speak i think new products should help the big remaining new product that everybody's talking about for a long time is the rower i think that's going to come out and not a numbers at least that i'm aware of so that should help but what this tells us today is

the existing products, the core, the bread and butter, the bike which they lowered the price on it didn't stimulate demand the way that they would have hoped and the new treadmill which is always -- i for a long time looked at that as the next big catalyst, doesn't seem to have caught on that they would have hoped at this stage. >> talking about that in the shareholder letter and they actually spin it as a positive obviously cut the price of the bike to $14.95 and says the biggest growth is younger and less affluent users but a luxury item and they have to amplify the message through marketing to get ahead of the holiday season. i can see the price cut a negative or positive negative if they're devaluing the brand but positive if it does open up this new audience

that takes a while to get there because of lack awareness of something that's more affordable. >> i hear what you read and i just see dollar signs. right? they need to spend a lot of money to reach out to the consumers and i think we see that with the guide. three months ago talking about a $325 million loss for the year and now more like 450 at the mid point. so that's $125 million worse versus 3 months ago. i think some is top line for sure and maybe not catching on as quickly as they like but more is the marketing budget really getting ratcheted up i have to dig through the numbers but i guess that's what they talk about. back to square one with a pandemic period and the things sold themselves. people didn't have a lot of oms options and now all of a sudden the full compliment of fitness

alternatives are available to people and they have to work to get mind share particularly in a category most people aren't aware that peloton sells a treadmill. >> no. you are absolutely right they say they take steps to reexamine the expense base james, thank you for joining us. the stock crushed after hours. >> thank you. ibm's big strategy shift how much investors should expect plus uber under pressure after a much larger than expected quarterly loss we'll get reaction later airbnb turned around is positive but off the session ghhis. we'll be right back. in boxing or any other business, 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. ♪♪ ♪♪

♪ music ♪ ♪ dream, dream when you're feeling blue ♪ ♪ dream, dream that's the thing to do ♪ ♪ music ♪ when you see value in all directions, you add value in all directions. accenture. let there be change.

ibm completing the spinoff of the services of kyndryl with making the trading debut today with the separation now complete ibm now plans to focus solely on

growing the hybrid cloud and ai segments shares down nearly 12% in the last month and joining us now is ibm chairman and ceo welcome. nice to see you. >> great to be here with you. >> i know it's a big day for you. finally spinning off kyndryl talk to us about what the new ibm looks like and the changes around the revenue exposure. >> sure. look number one we have the spinout of kyndryl got the portfolio to allow us to grow with that in the portfolio many other areas of automation, security, consulting, we have the correct portfolio to grow. second, we really have changed and pivoted a goal to market to be much more sen trick and with a big partner of mfrt, salesforce and others we get a chance to leverage a win-win-win for the partner, ourselves and

the clients. and third and most important generating the free cash flow we need to reinvest back in the business while maintaining and growing the healthy dividends so that's really what we are doing. and if you look at the portfolio, you look at the double digit growth in consulting, the high teens growth in red hat, you look at software making a come back from last year, that is how we'll generate the growth that we have committed and that's mid single digit growth we committed 5% growth in 2022 and what we have conviction in and we believe the portfolio allows us to do that. >> you are around 2% or 3% how do you bridge the gap and get there? >> so that's -- we were disappointed in the past quarter. it is a 2% if i look at us going forward and begin to look at some of

what will happen in systems because the hardware business down in the high single digits this year, it is going to have a product cycle and get back to growth next year over the long term it is a flat business if i look at consulting, we give in double digit growth in the past quarter we can look at the book of business to feel confident about that for the coming year 2022. i look at red hat and comfortable about the high teens growth and we look at software coming back coupled with what's happening in the system cycle and not counting growth from kyndryl we feel comfortable about the 5% going into '22. >> you will have to convince the market because you're beating and raising a few times and then two steps forward one step back with the last earnings report and concern of the slowdown of

cognitive and software and cloud so how's that going to play out as not being temporary to meet the target >> look. it will be what we'll print. as we get into '22 and begin to print, in the first quarter of '22 and second quarter of '22 people can look and see and that we are living true to the word and look already in three of the four areas and look and tell you based on the bookings and the signings and the pipelines we are good and then a transactional business and we can look and see and we believe we will print the numbers and some of that is there and based on the portfolio strength. with so much demand for high skills we can see that in consulting is more demand to satisfy. if i look at the need for automation inside information technology software with people wanting to look after more and

more complicated environments autd mags is going to be key because people can't get enough i.t. skills. with ransomware and cyber attacks there's demand for the security solutions looking at deals like we just did with mcdonald's more solutions. that is driving the demand vector and up to us to satisfy the demand vector. >> i had a big picture question which is the rationale for the spinoff in the first place is it mainly a push to try to attract a better multiple on the core business? how will it lead to doing better in the business lines that remain under you and ibm because you already are operating them before anyway. >> yeah. it is a great question but it is not. that was not the reason to do it the reason to do it is that we

found that the client decisions for infrastructure management and the capabilities are made in a distinctive way and not coupling the decisions together. if they're not coupling the decisions together, trying to approach a market and a client with both pieces is more complicated than letting them go separate now as a separation the goal to market is focused on the areas described as trying to talk about managing infrastructure services and the business dynamics, the margins and skills required for that is also quite different than for security or for ai or automation or management, et cetera. that is what we believe is also going to drive growth and i didn't really count that it is maybe more of a secondary affect but with a simpler business allows us to be more

productive. >> ibm is no stranger to criticism of financial engineering and low quality earnings there's a short position on ibm and accused you of overstating earnings or at least not being as profitable as you say you are and doing accounting gimmicks. what is the reaction to the criticisms >> we committed that we would do $35 billion of free cash flow over 3 years that's a forward promise free cash flow is free cash flow including everything that's there and something that's audited by the auditors and submitted so i think i'll stand tall and a number i don't believe has engineering around

it. >> we are part of the strategic shift to focus on the new business and the growth. with that in mind do you need to be thinking now about the mehta verse or service those that think about the meta verse >> the latter. i think meta verse is a great business in gaming, consumer media, all of the pieces and the great admirer of those technologies we have never been a b to c company. we have a b to b company if we find our nps clients wanting to use of it we'll build skills and help the clients to take advantage of it with many other things but i don't really see it as something that we would directly play in as has been talked about today. >> i feel like a criticism of ibm is that you you're not growing as fast as the companies

in cloud but you have sponsorships with sap and oracle and salesforce how do you make them into bigger businesses and make the cloud your friend? do you think people understand what the whole hybrid cloud concept? >> no. i don't think they do. if i look at the clients, we believe that every one of the clients will use multiple public clouds you named amazon and microsoft they use them. our role is to go provide solutions to those clients against all the properties by the way, many continue to use the data centers in addition to all that that's what we talk hybrid cloud but we have gone on some of the properties that you mentioned to where we had maybe 100, $200 million of business and see the way to getting over a billion in the next two to three years. that is a high double digit

growth rate working together with the partners so that's how we participate in the markets and gives the technology acceleration and consulting acceleration as we work with them and a big part, not an only part but a big part of how we'll grow. >> thank you for your time today. >> thank you >> we appreciate it. he himself been at ibm forever and comes from the cloud business and not sure people realize and got gary cohen working with him. >> president, right? >> technically -- i don't know the exact title. high up there. much more on the wild hour of enis.arng we'll be right back.

♪ ♪ ♪ ♪

peloton down more than 25% time for a news update with shep smith. >> hi, sara. thank you. here's what's happen jg the state department is now offering

big money for help cracking the cyber crime group darkside the announcement, a $10 million reward for information leading to the identification or location of anyone in a key leadership position in that group and a $5 million reward for info leading to the arrest of anyone trying to participate in an attack darkside believed to have dies to russia, it attacked the colonial pipeline and crypto companies among others. investigating the trump organization the manhattan district attorney in new york convened a second grand jury to hear evidence against the company. a source familiar tells "the washington post" it's expected to examine how the company valued the assets. even the kids face vax m mandates san francisco requiring 5 to 11-year-olds showing covid

vaccine for participation. it's now available for about 28 million children all across the nation tonight a slew of brand new vax mandates for businesses. the white house with a new deadline and an update on vaccination progress in the military comprehensive coverage right after jim cramer 7:00 eastern cnbc back to you. >> shep, thank you so much. uber shares falling off the back of the results. beating on revenue and missing on the bottom line and down 3% joining us is aaron kesler at raymond james. thank you for joining us little bit disappointing given the pre announce and the lyft numbers. >> results in line with the preannounce numbers. net income miss given the write down on the investments they saw in the quarter ebitda slightly positive guide was relatively in line

investors may have been looking for more but q4 with seasonal softness on the mobility side. delivery below expectation and also due to seasonality with the consumers going outside. may have been a little bit of a headwind for q3 on the delivery side. >> so what do you want to hear from the call? >> yeah. a couple key areas to focus on is driver supply that's a key focus of investors recently and hear about the trends on mobility side. we think it will recover nicely going into the 2022. want to see signs that the areas of the u.s some parts of the u.s. market likely to see that for uber and things start to get better in 2022 travel opens up more again and

want to hear their view on 2022 expectations. >> thank you for jumping on. >> thank you. investors have been getting bull bullish about the market mike is back to look at whether the optimism could be a contrarian signal. we'll be right back. flexshares are carefully constructed. to go beyond ordinary etfs. and strengthen client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. what the world needs now... is people. people who see flight a little bit differently. so it takes less fuel to bring people together... ...and make faraway places feel a little closer... ...with engines that power planes more efficiently. because seeing a better-connected world isn't far in the future.

we're building it... now. ge. building a world that works. 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. ♪ say it's all right ♪ h♪ say it's all right, it's all my frienright ♪ ♪ 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 ♪ ♪♪ ♪♪ ♪♪ reducing our carbon emissions to net zero may be our biggest challenge yet. there's no single action that will lead us to carbon neutrality. but there is a single source of essential sustainability intelligence. s&p global sustainable1. let's check the biggest

movers and the biggest one is peloton. shares now down more than 25% after missing on both the top and bottom lines and uber shares lower after a quarterly loss square is slumping after a miss and expedia is surging up more than 9%. pinterest higher by 6% peloton continues to move south. >> let's get to meek for a look at bullish sentiment in the market. >> this is evidence of trading the market on a great roll this is the put call ratio for individual equities. this goes back a few years the lower the number goes the more upside call bets are being traded than downside put options and you see this is coming into today. pretty much at the lows dating back to last year and what's interesting is a lower raeng

than we were for the prior years. this is bull market type years and still a higher year and with the robinhood revolution coming in we have more call options bought and even with that it's the low end of a range and says revolution came in even at that we are a little bit lower. things have come far in terms of people speculating if you look at the short interest as a percentage of the average large cap stock, they are scraping historic lows on the right is the historic percentage it's 2 1/2%. you see this huge drop, this was gamestop and this chased a lot off the

short side even though this doesn't give a directional look it says there is not a lot to be covered. one quick note, it is about dwight this level in small caps, but still historic lows. >> still quite a tight range it's not like it's massive >> it has been quite steady for a while. this also is lower than it used to be in prior decades so there has been a longer term decline >> up next expedia shares exploding. we have information about what the expedia cfo said that's after the break

we have some comments from expedia. >> expedia's marketing campaign seems to be paying off the ceo said we are seeing strong market share growth in vrbo half of their customers so far in 2021 have been new customers

and even looking aheadto next year they say they are already seeing better booksing for next summer than we saw for this time last year. there is expectation that as more americans get vaccinated they will shift back to hotels but clearly this suggests that demand for rentals will remain strong going into next year. they are priced at a premium to hotels so that pricing power is exceeding expectations w 17% weill talk to them next half hour >> good news a rundown to key earnings on deck closing bell will be right back.

your shipping manager left to “find themself.” leaving you lost.

you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire now to our wall street look ahead. 8:30 a.m. eastern tomorrow earnings from -- shares of live nation popping as the company just reported an

unexpected profit. we will have an interview with the president tomorrow on this show >> you know what else is popping? >> popcorn with amc. this is most exciting. >> you and i love popcorn. >> i only go to theaters for the popcorn. getting into the popcorn business, freshly popped at home, at the mall. this is what i have been doing my whole life. i would say i am not here for the movie, just the popcorn. >> and you would go past the line >> not the pumped butter >> i don't likethat. >> the expansion of movie theater chains >> selling popcorn

>> blustery -- >> could you get $8 for popcorn? >> movie theater popcorn is delicious. on jobs we expect a good numbe for america. >> we all hope for that. it has been a noisy number though a lot of moving parts. >> we are out of time on closing bell time to get the popcorn out. "fast money" starts now. this is "fast money. tonight's lineup -- tonight on fast, it's an earnings paloo zoeza after the . we hav