it is 5:00 a.m. at cnbc and here is your top five at five. let the record rally melt up, roll on as stocks do something for the first time in more than 23 years social media echo chamber, regulators out with new warnings about meme stock madness, the retailers behind the trade and the risks it poses to the global financial system. robinhood disclosing details of a cyber hack. knnetflix taking on tiktok and it's not just stocks we have our eyes on yet another

record in crypto all happening on this tuesday, november 9th and this is "worldwide exchange. good morning, good afternoon and evening and welcome from wherever in the world you might be watching. i am brian sullivan, and once again we are live in london, england all week long, bringing you a global perspective the show is "worldwide exchange," overall let's start in the u.s. check out how the global markets are setting up the day we're not getting a huge indication of the futures this morning. it's early dow futures down a touch, nasdaq futures -- those are the ones to watch because technology you might have heard about some of the tech stocks. nasdaq futures are up about .2%. now all the major averages

coming off a record setting day. what's new with the dow, the s&p, nasdaq and russell 2000 all posting new records. the tally, if you are counting on the second day of november, 44 record closes for the dow and the nasdaq, s&p says get out of here with that, 64 record closing highs this year. for the s&p 500. in fact, the s&p has now closed in record territory eight trading days in a row. that is the longest record winning streak since june of 19 97 that's right we are going back almost 24 years to find a streak like this in the market. that is something. let's get a sector check technology and industrial, they're coming off record close as well. everybody buying into m some of the industrial names that have anything to do with infrastructure, doesn't matter if you're a subsidiary play, your stock probably got bought

yet. in crypto, bitcoin hitting an all-time high. rising above 67,000 for the first time ever and ether edging up to 5000 almost, at 48,000 -- here in europe, mostly higher across the board not huge gains but we are more green on the screen, all this even as energy prices start to tick higher once again we'll get more on that in a few moments. right now kick off with more on the big hack of robinhood. which may have exposed some of your critical personal data. here with that and key headlines is bertha coombs good morning. >> good morning. robinhood said hackers gained access to its systems last week, stealing the personal information of millions of users. the app said the hack took place

wednesday and has since been contained. about 5 million user's email addresses were exposed as well as the names of 2 million additional users and more personal information of 300 more users. robinhood said no social security number or bank accounts were exposed in the hack and customers have yet to face any financial losses as a result the federal reserve is saying market volatility with meme stocks could pose a risk. the central bank says new trading platforms flashy graphics, zero commission trades and fractional share buying are all contributing to the growth of a new generation of retail investors and the sheer size of that cohort makes it important for regulators to watch. from the report, quote, social media can contribute to an echo chamber in which retail

investors find themselves communicating most frequently with others with similar interests and views, thereby reinforcing their views, even if those views are speculative or biassed. now, the fed adding it is also watching china's real estate sector and risks of spillover into the u.s hertz is going public once again after emerging from bankruptcy earlier this year. the company said it raised $1.3 billion in a re-i.p.o. selling 44.52 million shares at $29 each at the top of the expected 25 to $29 range. the shares are set to start trading on the nasdaq today under the ticker htz at 29 bucks a share. hertz will be valued at $13.9 billion. you can catch the company's interim ceo mark fields on "squawk box" at 8:10 eastern

brian, back over to you. london looks good on you there's this feeling that you elude over there >> you know what's amazing, you know what's -- >> i see >> there we go you know what looks good on all of us? sleep. >> sleep, what's that? >> i know. you know, all this stuff with the meme stocks i'm not saying you and i are old, i would never say that, we look fantastic. reminds me of 1998 and 1999, i posted a cover from forbes, day traders users the aol and yahoo chat rooms to teach wall street a lesson do you remember that >> but what's different this time from the chat rooms is that they actually are being paid attention to in the board rooms. i was listening to the clover health call yesterday and they took a couple of reddit

questions. email is known to do that as well so there's a different dynamic that's happening where people actually pay attention to them >> they should to be fair it's a lot bigger, faster and a lot more money on the line we'll see you in a few minutes thank you very much. up next on this busy tuesday, what kind of dangerous game is vladimir putin playing in europe right now? why what's happening with one key pipeline could be very telling. plus a major spac bet on social media with huge returns, we'll tell you about next door and later on, move over apple and microsoft, sort of there's a new entry into the $2 trillion club, we'll tell you who it is. that's your mystery chart, shouldn't be too hard. if you can't guess that i'm not sure i have anything for you we'll tell you all autt bo iwhen "worldwide exchange" rolls on right after this bring your visit to outdated montepisa!

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welcome back as europe stays on the knife's edge of an energy crisis this winter, vladimir putin is not showing he wants no sign to help tracking data shows that natural gas flows on a pipeline from russia to germany continue to flow east not west in other words, instead of bringing natural gas to germany, the gas is flowing from germany into poland. and there's already concerns

about energy shortages across much of europe what does this mean for gas prices and the coming winter, let's get more from the head of gas and power markets resource at rystat energy what do you make of what's going on with russia, putin and the pipelines? >> there's a lot of uncertainty in the gas market at the moment and it's how much gas russia will be supplying in the coming weeks. so far we haven't seen any additional supplies from russia materialize and this is what's driving the uncertainty. so it's like if we don't see the additional gas supplies, prices are likely to remain very high and we go into a colder than average winter, we could be even higher. >> and we have been here talking about how there is very little supply of natural gas in the uk. thankfully wind power has started to come back up, they had a dry wind spell there

it's picking up, but europe is in a difficult situation i'm not going to ask you to put your political hat on, don't worry. does it seem that vladimir putin may be playing political games to try to get the nord stream ii pipeline approved? >> there is speculation around this, the official is that they were refilling their storages before sending more gas to europe now they have managed to field this and it's just a matter of sending the additional supplies to europe. so it could be a way to like move forward like the certification of the nord stream ii pipeline faster definitely. i don't think the higher russian flows will materialize until the nord stream ii pipeline comes online at least not at that large ex extent. >> if we could put the chart back up we had a chart of dutch natural gas futures.

i know people in the united states are saying why are you showing that why do i care? that is the european story we are off our highs, we hit over 100 euro per megawatt hour a couple of weeks ago but we're still 400% above the five-year average, what does that mean for europe and where do you see that going? >> i mean, the prices reached their record high like into this uncertainty about russian supplies and also the low stock levels across europe and they start to decrease only on the speculations of russia sending more gas and putin like ordering gas to send more volumes but given that the -- it has not materialized we've seen the prices over the last few days, due to the continued uncertainty. but definitely this level is still very high, like for the european players, residential.

so this will hit the economy of the region, if prices remain at the high level or the remainder of the winter. the thing is they will remain very high. >> do you think that they will, carlos >> very likely, yes. at least until december. once we enter january there's more certainty about how the rest of the winter will be developing there could be dropping but it's likely they'll remain at a high level this year, and people in the industry will have to be ready to pay the high bills. >> what is the best case scenario for europe? i want to try to end this on an optimistic note because it's a scary time for people facing crushing power bills even with regulated caps what's the best case scenario? is it all about the weather right now? >> definitely weather is playing a bigger role because there will be less supply, so if the winter turns out to be milder than

normal, this will help prices correct and maybe come out the current highs. and also there is potential for seeing additional supplies from russia, even if i believe the major supplies will be coming until nord stream ii is commissioned, i think there's potential for seeing higher supplies from russia so the combination of milder temperatures and supply from russia could help the situation. >> so basically europe is counting on two things, the weather and vladimir putin could be a tough winter. thank you very much, carlos. appreciate it. still on deck, your big money movers of the morning, three key stock stories to start your day plus the battle for your kids' eyeballs what netflix is now doing to take on tiktok >> announcer: today's big number $1.2 trillion.

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welcome back time for your big money movers three stock stories of the day here we go shares of next door holding surging on their first day of trading yesterday and higher in the premarket now after going

public through a spac with coast venture acquisition. the deal valued next door at 3.4 billion, generated 376 million in gross proceeds. that means double the money. shares of roblox spiking as much as 35% in the premarket after the company reported third quarter results that top expec expectations bookings grew 28% of the year sales up 102%. the company's net loss did widen to $74 million shares of trip adviser falling after missing top and bottom estimates for the third quarter. the company announcing the ceo and founder will step down from his role next year the search for the possible successor is under way that stock down about 7% let's get a check on this morning's other top headlines outside of the money and business francis is in new york with those. >> good morning. we start with the fbi now

joining a massive investigation into how travis scott's music festival turned deadly friday night, eight people lost their lives. scott and live nation, the festival organizer, pledged to corporate with the investigation. at least 17 lawsuits have been filed and one attorney has 35 plaintiffs, all of whom were injured at the concert that number is expected to go up alec baldwin makes a safety plea after the shooting on the set of "rust". he said that every film or tv production using fake or real guns should have a police officer on set to monitor the weapons. police are still investigating the shooting. a splash down for the astronauts returning to work the spacex landed last night they spent 200 days inspace bu it wasn't all smooth sailing, the toilet in the capsule was broken so they had to wear

diapers for the 8 hour trip home. enough is enough with the elf on the shelf thing the chief judge issued a playful order banning the toy. he joked saying it caused emotional distress for children. he won't hold georgia residents in contempt if they want to keep the elf on the shelf talk about the parents up at 2:00 in the morning hoping to see or move that thing >> no sympathy for them, francis. you and i are probably up at that hour newway, are we not >> that's true you rush home, you wake up, you hope you beat the kids to it so either way, got to get on it. >> true story, my 7-year-old said dad, am i naughty or nice this year? i said, you're nice all the time he said, can you not have elf on the shelf, i'm scared of it.

>> that's what it's for. >> i'm going to get the creepy one from the 1930s with the porcelain face >> yeah. >> thank you, have a great day. >> you too. >> i'm not a very good father. this morning's top trending stories, including netflix trying to beat tiktok at its own game bertha is back with that and more what do you got for us >> you are a great dad everyone knows that. meantime, in a bid to attract younger viewers netflix is rolling out a tiktok-like feature aimed at children to help them discover program joy. the kids' clip feature will show short videos from the existing library of children's programming and will change every day. the effort, which netflix is still calling a test, begins rolling out this week in the u.s., latin america, canada, australia and ireland. first it was billionaires, then movie stars, now contidimet

are going where no one has gone before heinz is producing its first mars kcatch up, the company had team of 14 astro biologists work for nine months to produce the out of this world toematoes and the experiment demonstrates the possibility of long-term food production on mars. not sure if this is going to pause its recent stock slide but peloton is finally rolling out a pause button for on demand classes for its bike and bike plus devices with the company adding the feature to other products, like its treadmill sometimes in the future. users who choose to pause workouts have a price to pay if participating in if a live class, they'll lose their rank on the leaderboard, though other

metrics will remain unchanged. i don't know, brian. i just can't do the competitive workout. i just want to go do it quietly, get it done and not have to do it so publicly >> yeah. and it -- i'm -- i got a couple things to say. we have to recut the netflix video, when you were talking about kid games we were showing squid games. that's not the show you want your kids watching let's recut that v.o.. here's the thing about peloton, too. there are some people, i think lance armstrong must be on pel peloton. it doesn't matter how fast you pedal or how much the resistance is, it's like these people soar or takeoff, do they have a machine set up to set records?

maybe i'm just old and slow. >> i don't think you're either i admire you for doing it. i'm a private workout person. >> i do the scenic rides those are cool i want to know how they film them see you in a bit. you know if you're a peloton user, there's like freaks out there that takeoff like they're tour de france champions a major deal with amazon not enough to help paypal, they're down details on what's set to be a rough morning for the stock ahead. and if you haven't already, nudge, follow our podcast, it's caedwodwe chgell "rlidexan." growing up in a little red house, on the edge of a forest in norway, there were three things my family encouraged:

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investors digging infrastructure stocks, buying them up in a big way all this as a macro markets keep on trucking as the government looks to spend a billion or trillion dollars to fix the roads. the fight over the jab president biden doubling down trying to force private companies to vaccinate their workers even as the courts push back a cnbc investigation you have to hear even as bitcoin and ei ether hit new records how bitcoin atms can be used to carry out crimes. it's tuesday, november 9th and this is "worldwide exchange.

welcome or welcome back, and good tuesday morning, coming live to you all week long from right there in london. here's how your money and investments look right now just about halfway through the 5:00 a.m. or 10:00 a.m. hour in the uk stock futures are a little changed but watching the nasdaq more than the dow. nasdaq futures are up 27 points. dow futures down 15. that's nothing right, it's early, by the way. but technology is where it's at. here's the question, will stocks continue their incredible run? here's maybe an rbi for you, even though we have another rbi coming up later in the show. 16 s&p 500 stocks are up more than 25% since october 1st a 25% jump in six weeks. names like n phase, aris la, tesla, ford, a motley crew

two of the stocks arista and end phase energy are up more than 50% that's been an unbelievable rally for auto makers. ford getting a pop on its ev news and then oddly, an oil company. the worst performing stock this quarter is actually moderna, down 36% it's still up 214% in a year but maybe the oral antivirals from merck and pfizer coming out taking a little wind out of moderna's sails. now to this morning's other top stories including the white house digging in on its fight with the courts over forcing companies to vaccinate their employees. even as courts push back bertha is back with that and more. >> the biden administration is telling private businesses to move forward with its vaccine and testing requirements, despite a federal appeals court ordering a temporary stop to the rules. the u.s. court of appeals for

the fifth circuit, considered one of the most conservative in the country, ordered the halt over the weekend pending a review the white house is asking the court to lift the pause, calling claims of harm from the mandate by the republican attorney general of texas, louisiana, mississippi, south carolina and utah, as well as several companies premature. saying deadlines on the matter are not until january. >> mcdonald's ceo is apologizing to the company u.s. employees over text messages about deadly shooting in the home of its headquarters in chicago. he met with workers to discuss an exchange he had with the mayor, lori light foot about the shooting death of two children which he said the parents failed those kids he has apologized and called the

text wrong and ford raising $2.5 billion as part of the green effort the automaker says it plans to use money raised to fund the clean transportation projects. that will include designing, developing, and making a lineup of battery powered vehicles. a lot of appetite for corporate bonds. it's unbelievable. even basically junk bonds. companies whose yields would have been 10% a few years ago, trading at 3.5, 4% the world is a wash in money and money is free to cheap thank you very much. outside of those headlines we're keeping an eye on shares of coin base today it's out with quarterly results after the bell those figures coming as bitcoin and either continuing their march. bitcoin close to 68000 and ethereum close to 5k

but the fbi is warning about criminals targeting bitcoin atms we have an investigation into these new kind of atms >> welcome all of you to the city of miami. >> here at the country's largest bitcoin conference in miami, nearly everyone is talking about cashing in on the crypto craze. >> we're the first bitcoin atm company to push education. >> you can do it anywhere. >> can you use whatever wallet you want to use. >> and crypto atm companies that make their money charging a premium on each transaction is a growing part of the industry these machines are a huge convenience, and also they can be a huge target for fraud >> how easy is it for criminals to exploit these machines? >> seems like it's very simple. >> reporter: lisa is council for

the new jersey state commission of investigation which looked into bitcoin atms, finding many operating with virtually no oversight, even though the owners must register with the financial crimes enforcement network. >> there's no id, no photo take even, no address. >> and that opens the doors to criminals? >> yes. >> what do they do with it >> anything, money laundering, dark web fraud scams. >> reporter: more than $70 million deposited for crypto purchases between 2015 and 2020. many companies allowed customers to buy up to $900 with only a cell phone number or no information at all. >> is that a bad idea? >> based on what we found it could be any name and your cell phone number could come back to anybody. >> reporter: which is handy for money laundering and drug traffickers, which they're using

to aid in elicit bulk currency we wanted to see how easy it was to buy with just a phone number. so a kng producer tested it out. after getting a text warning of scams, it only took a minute to complete the transaction a spoke sperson said they take knowing customers' identities seriously. if they can't verify who's buying crypto, the machine will ask for an id. mark green is trying to clean up the crypto atm industry. >> these customers would not believe that they want to be victims and they would state i'm going to go to other bitcoin atm companies who never ask questions and let me purchase what i want. one study found nearly 75% of all the elicit funds leaving

atms wound up at fraud shops, dark sites on the web selling false information. this one requires a government idea one of the competitors is coin flip it allows someone to purchase $900 in crypto with a name and phone number. >> is that safe? >> it's 100% safe. >> why >> even if someone shows an id, if you're sending bitcoin to someone you don't know, you have a problem. >> reporter: coin flip wants to offer services to a wide range of customers. >> we want everyone to be able to buy $50, $100, $200 of bitcoin regardless of immigration status and regardless if they have an id. everyone who wants access to bitcoin deserves to have access to it. >> we know how this system works. we've been doing this for six years. we now how to keep people safe

>> reporter: new jersey now has pending legislation that would require all crypto atm operators to get a license in the state. around the country regulation varies widely with some states requiring a license while others have no oversight of this fast growing industry, brian. >> amazing story there something we have to watch for what is the justification for the companies that allow up to 900 to be sent with just a cell phone number this is not something you seem like you could do with just regular-old cash, why is this okay with crypto >> reporter: you saw the ceo of coin flip explaining he views -- i was struck by our conversation, he views access to cryptocurrency as a human right. he was talking about the undocumented immigrants, he wants those people to be able to have access to cryptocurrency and doesn't want any friction involved in that transaction at

all or at least the least amount as possible. he wants people not involved in the banking industry to be involved in crypto but the lower your security, the more possibility you have for fraud, brian >> and obviously, what he said is important but you could also frame everything sort of in that way and say, ignore over this, we're focussing on that. i don't know what it's like near you, where i live in new jersey, seems like every single mom and pop owned convenience store, i'm talking independently owned, has a crypto atm and big banners on the outside promoting it >> yeah. this is huge and it's come up pretty suddenly these things have been around for years now, going back to 2014, 2015, and later. but, you know, people are not used to seeing them just yet and i think the regulators are still catching up to this.

what's interesting is it's a pretty decentralized industry. a lot of small companies we went to chicago to interview those two companies out there. but these are not major financial institutions that are in the space you don't see a lo of big guys doing it the challenge for regulators is to find people putting these machines out there in public and making sure they're complying with basic standards but regu regulation, as you saw in the piece is all over the map. >> great stuff as always something we have to watch for appreciate it, my friend take care. coming up, even more of your big money movers, including paypal's new partnership with one ecommerce giant i'm guessing you may have heard about as we head to break other big headlines on this tuesday morning. today's alphabet is brought to you by the letter "t" as in $2 trillion because google's

parent company having its market cap surpass $2 trillion on monday, it did slip back a bit but still having a heck of a year. macy's is raising hourly wages of workers to $15 an hour. the move by the retailer comes amid the ongoing fight to attract workers in a tight market. the brand founded by kanye west has agreed to pay nearly $1 million to settle a lawsuit the brand reportedly failed to deliver online orders to customers whent idt ul isa iwod. we're back after this.

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it's lower third quarter revenue missing expectations, guidance for this quarter and next year was disappointing. that stock was down. the company announcing a partnership with amazon allowing purchasers to make purchases using the venmo app. and stock two, smile direct, sales missed forecast. nbc "nightly news" once investigated the customer complaints a year ago and

accused nbc of publishing false information and is seeking $2.85 billion for defamation stock three, amc, the apes posted a narrower than expected loss, revenue also topping expectations, ceo adam aaron warning the theatre chain faces challenges ahead, the stock is down just under 5% and also revealing the company is exploring how it can accept shiba inu and other cryptos as payment. and stock four, the real real surging. revenue topping forecasts, the real real up a real 15%. wow. on deck just how long can this record breaking stock rally e roll on? could it have more to do with rates than anything else

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welcome back we are in the uk all week. there's a view that is a live look at london and st. paul's just around the corner from the cnbc emea hq hello london, another beautiful day. before we get into the rbi can i say, for what it's worth, london feels 100% back to normal the tubes are packed the streets are packed the office buildings are packed. the restaurants are packed the schools are packed i haven't seen one kid in a mask not arguing for it or against it i'm saying, coming here, going across the atlantic is a very different vibe than certain parts. not for or against just saying london feels 100% normal in a way. all right. like i said, we are in the uk so, of course, today's most

random but interesting thing is going to have a british flavor, not vinegar on french fries but power flavor and a little history. with the climate summit going on in scotland and the u.s. talking about a looming energy shortage here, there, whatever, it's important to know about our history and future while the future may ride with the wind and sun, wind power is nothing new. in fact, the very first wind turbine was built here in the uk and in scotland, to be exact near where the u.n. climate is it was built in '87. not 1987 1887 that's right old james blythe, hated fossil fuels, he found them dirty, disgusting, expensive and dangerous. so he built a windmill attached to a generator on his home's roof it worked well.

soon after he built another one on top of a hospital the first public utility wind turbine in the world and it ran for 30 years now blythe died in '36 and his windmills came down soon after and his ideas were lost with the wind it wasn't until 63 years later that the next wind turbine would be built in the uk now it's the future of power in the uk or maybe the world. so a toast to professor blythe who built the first wind power two centuries ago. stock futures pointing to a struggle for another day we're worried about the future let's bring in margie patel and s seema shaw that little rbi about wind power was not just interesting about

the scotts and their wind power. it's because you have written about the green energy transition we talk a lot about it and how in the short term it might be inflationary on certain levels you think it might be inflationary on more levels. explain. >> hi, thanks for having me on it's more than just the basic kind of talk about energy transition and what's going to happen to energy prices. we have to think about carbon pricing, the carbon credits companies will receive think about research and development that companies are going to have to take on as we shift to the new greener, energy world. you have to think about things like the additional cost in terms of r&d in terms of talent, there's so many things going on. these are not just any term for 2022 or just up to 2030. these are long-term impacts that

companies have to absorb and that will have an impact on portfolio allocations and the way investors are thinking about them >> yeah. and the inflationary story as it curs a lot more broad based than we think it appears that inflation is not going anywhere i'm looking at research saying inflation is going to go higher than it is now where do you stand on inflation and when or where do you think the fed may, at some point, react to it? >> i think inflation will stay a bit higher i don't think it's really, really sustainable i think that ultimately we'll see inflation taper off and go down, as the fed said. but what's more important is what the fed thinks not what we think as investors and the fed is committed to low rates as far as we could see. i would say it really doesn't matter how high inflation goes they have the ability to ignore it i think that's what they're going to do and be so gradual we

won't see any change in interest rates for the foreseeable future >> it's amazing, i want to go back to you, we're looking at bond yields, the 10 year is back under 1.5% i guess it's good news if you're trying to buy a home or you want to re-fi your mortgage but i don't think there were many people in the world who would have said november of 2021, the world is reopening, the inflation is booming, and the ten year is under 1.5. what is going on >> the history books would have told you that inflation would be higher and interest rates would be higher. but what's actually happened is i think the fed realized, all central banks realized, they have the power to control interest rates they can't do it to the economy, the stock market but if they throw enough money at interest rates, in fact, they can be successful now if they're successful and we're seeing operation twist

fail, this has not failed. they need to throw billions and billions of dollars. so i think they're going to stick with the policy and keep rates low compared to inflation, compared to economic growth than we've seen so you can throw out the history books saying this is the new world we're in and the fed is not going to change. >> seema would you agree with the point of view? maybe low rates if not here forever are going to be with us for a long, long time? >> i agree we're going to see low rates for a long time. the amount of debt there is in the world does mean the central bank can't hike rates too aggressively having said that i don't think we can stay near zero forever. i think towards the end of next year, central banks including the fed will have no choice but to start the normalization process. we have to think central banks looking to the future, not just thinking about what's going on in 2022. they're thinking about what happens in the next recession. they need a bit of a cushion

so once economic fundamentals are strong enough, the labor market has got to that maximum that they're looking for, it will be in their interest to start raising interest rates so they have that cushion for the next >> what's the greatest risk out there? i'm here in london this week and we're talking about the energy risk not just to europe but the world, with what's happening in china, latin america as well food inflation is likely to surge. when you look at the risks out there, maybe it's cyber hacking, what do you think is the biggest risk right now to global growth and the markets? >> i think the biggest risk continues to be in the emerging markets. latin america and in asia, those countries tied to china, because they are all commodity based companies with way too much debt they haven't changed their economies. so they're the ones that are vulnerable to increases in other commodity prices such as fuel,

such as energy so i think those areas unexpectedly weakening much more than current optimistic outlooks is the biggest risk to global growth i think countries like the u.s. and developed europe are very, very strong and have the momentum so i think all the risk is there in the emerging markets once again as we see another credit crisis that has developed. >> i'm going to ask the same question to you, seema when you look out, whether it's green or clean energy, inflation, whether it's fossil fuel inflation with what happens going on, vladimir putin what do you think is the biggest risk right now in the world? >> talking about 2022. we're most worried about the supply chains nothing can move, we can't get labor participation back up until we get things moving on the covid front, get supply chains moving and inflation can start to come down that for us is going to be the biggest watch point and it's

watching what the companies are saying, what are they guiding us in terms of the real life challenges that they're facing if we don't start to see supply chains starting to ease up, then we rec we should expect inflation will stay elevated for longer than 2022 >> all right there's certainly a lot out there. inflation seems to be the word cloud winner of at least the last quarter if not the next year appreciate both of your insights thank you. have a fantastic day i have to get to this breaking news. if you own shares of luminar, good morning you are having a good morning. that is not a misquote lazr shares are up 64.5% right now because they just announced a deal with nvidia, to put their laser radar technology into self-driving cars. nvidia getting a bit of a pop on

that news. but luminar technologies is up by the way, this is also random but interesting and it's not about scottish windmills luminar was founded by a college drop out, austin russell, he was already the youngest self-made billionaire in american history think about his net worth now, probably worth a couple billion more this morning. 26 years old that does it for us. i'm sure squawk anthd e gang will pick up coverage on that next we'll see you tomorrow take care. but, whatever work becomes, the world works with servicenow.

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hacked the company revealing a breach that exposed the personal data of millions of its users, how the intruder got in. regulators out with new warnings about meme stock madness and potential risks that it poses to the financial system details straight ahead plus an original meme stock good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen andrew is off today. off to the races when you're looking at the u.s. eq