access to, or certainly the stocks we are kind of ending the show here at chapping change with some of the growthiest of growth stocks, talking about rivian and evs and some companies that don't really have revenue yet to a large extent, limited product, and we started off with a warning about exactly those in a rising interest rate environment. thank you. that does it for "the exchange." "power lunch" starts right now john, thank you very much. welcome, every to "power lunch. i'm tyler mathisen today with frank holland welcome, frank here's what's ahead. buy this, sell that. it's like eat this, not that this is the inflation edition of buy this, sell that. the focus on financials and staples. our market pro has the names worth owning and those worth throwing the target crypto. the infrastructure bill includes stricter oversight of the crypto industry it could impact investors as

bitcoin sits near new highs. and drivers' manual. we built a house for you, took you on a tour of the country, now we are building a car, starting with the exterior, from frames to axels, we will break down the auto-related stocks that could drive returns frank, welcome. >> thank you, tyler. well, bit of a mixed day on wall street you see the s&p and the nasdaq rebounding the nasdaq up more than half a percent. the dow down 140 points, dragged lower by disney, which reported a earning miss more on disney later this hour tapestry beat earnings estimates raised its outlook and reporting a share buyback. and shares of beyond meat are tumbling after disappointing results. analysts say they are concerned about beyond meat's long term growth shares are down 15% right now. and lordstown motor soaring ahead of its quarterly results expected this afternoon. it completed a deal to sell one of its plants to foxconn.

>> the question for investors like you is how do you make money in an inflationary environment, something we haven't seen in years, really, decades? we are making that the focus of today's buy this sell that segment. stock picks and pans in financials and staples, two sectors our next guest says stand out amid inflation sarat seppi is a managing partner at dc l.a., also a cnbc contributor. he says you can just jump into the sectors, willy-nilly you have got to know which ones to buy good to see you. start with financials, which could stand to gain generally in an inflationary environment with interest rates rising. tell us which one you think is buy, which is a sell, and why. >> the one we would focus on here is bank of america. it was one of the best run large cap banks. and they are very sensitive to what we call net interest margin each a 100 basis point jump could -- you know, their

earnings could move up 9% on that in addition you look at bank of america, who else do they have a great wealth management business a great loan business they will actually take advantage of any movement in inflation, and any movement in rates. they also have great credit card businesses you put that together in a company that's spending a lot on can technology that has a conservative balance sheet and only has a 30% payout in the dividends. you could see that going up as well it trades at 13 times earnings, the market is at 21 times earnings high growth, trading a at third of the discount to the market. you will get an extra kicker with bank of america. >> bank of america is tasty. but pasty is rubio >> when you will be at kind of what happened with robinhood, you know, great technology, but the stock trades at 14 times forward sales.

really, they are kinds of front and center in the regulatory environment, pay for order flow. we don't know what the s.e.c. is going to do with that. 75% of their business is transaction revenue. that is done very well when you have got a bull market and options and crypto but if you look at kind of where it is positioned versus the schwabs and fidelitities, it has an average account size of $4500 sharks want is over $200,000 the other issue they could face is as people have more money in these accounts they could migrate to more full service brokers or do other things at schwab and fidelity will it is free trading as well. >> a customer stickiness question i guess as much as anything with robinhood. >> yeah. >> let's move to the consumer staples. your buy here, where companies would have presumably some pricing power, your buy here is coca-cola? >> yeah. it's an interesting one because it's all about the brand if you look at the coke brand,

when you go down to your score aisle, people will stick with a brand when they are talking about soda coke also has a tail wind where 50 of its revenue is actually served outside the house and i think as we come out of covid that's really going to help them. in addition, what coke has done over the last few years, they have done a couple of things, they have gone from 400 brands down to 200. the other one is they have expanded into much higher growth areas such as coffee with costa. they just bought body armor. i think this company has huge operating leverage, they run efficiently. 3% dividend yield. and the next five-year earnings are expected to be single digit. you could get a stock here, you could get 8% to 12% return in an inflationary environment where they could add pricing that was an aggressive price for body armor, i thought. but what do i know on the other side, on the sell side you have got campbell's which certainly i would guess

doesn't benefit from that same sort of out of home purchase that coke does benefit from? >> yeah. i think they really benefitted from people staying at home last winter. >> right. >> now when you have got people coming out, going to the office, traveling, in addition, you know, one of the things is private label versus soup, they actually take market share over time campbell's also has the cost of input prices with steel. you have a combination of a few head winds there on a stock that, you know, going into comp is not going to be as great as some of the others that are going to benefit from coming out of the home. >> sarat, always great to see you. thank you for walking us through those stocks, a couple of buys, a couple of sells. switching gear os the ipo market rivian was the biggest ipo since 2014 in what has been a banner year for ipos and for spacs. what is necks for that market.

joining me, john martinko. happy vet reason's day. >> last week we teamed up with a homeless shelter in south miami, 20% of those residencies are military veterans. it was great the see our employees get out there. and importantly, we were partnered with a team to make that happen. really great evening to get in the community and give back to military veterans this entire week >> john, absolutely. great cause. thank you for your service thank you for the service of everybody that works there at directel hamilton. let's talk about ipos. 372 this year. more than double what we saw in 2020 why are companies looking to ipos as a way to get into the market as opposed to direct

listings or spacs. there are other alternatives, why are ipos so high >> you are going the see the ox optionality. direct listing, the spac market is extremely hot on top of that 379 ipos you just listed, 539 priced year to date. we are seeing a continuation of that also to note, our desk, our bankers, our originators are seeing an increase in uptick in filings for those type of acquisitions and blank check companies. i expect the ipo market to remain strong to year end the wind from thanksgiving and finish up q1 with a spike in demand for ipo issuance. >> in the al of them are successful more than 22 doubled from their opening price, affirm, and more

tillows, the chicago hot dog restaurant but many are trading below their offering price robinhood notably. what does that say about the current climate of ipos? >> i know it is saturated. i believe that that robinhood situation maybe is an outlier. look at the top of the show, the rivian up another 20% today so take a peek at the demand, the subscription, going into the new issuance date, the night of pricing. that will help you determine the win remembers the the losers however, i will tell you the market, too, what we are seeing -- not just that investors are getting more sophisticated around the blank check and the spac companies and the regular ipos, but the. >> abouters and those in the capital markets that we work alongside that we can't thank enough who do a tremendous effort for us and our military veteran firm to give back to the local communities like we did this week, every day we like to say here at drexel hamilton is a

military veteran's day without them not much of this could take place. >> let me steer you back to something you tantalizingly dropped in there, selling the difference between the ipos that are going to succeed and stay inflated -- i don't mean inflated in place, but retain rather than the ones who are going to lose helium and go back down what do you look for so you are one of the ones that's not like robinhood, not like an ipo that loses it is juice? what do you look for >> the demand, tyler great question, great series here the demand in how the big buildings. who are those anchor tenants it is always a tried and true reflection of the quality of the order and the type of investors that that company has behind them that is a great leading indicator -- a great indicator of how the stock will perform down the road into its quarterly earnings when they record in we will see withrivian. certainly a beautiful debut

going up again again today they delivered 156 automobiles and trucks so far. we will see where it goes. john martinco congratulations on your initiatives today and all the good work you are doing and thank you again for your service. >> thank you for having us on, helping our firm and giving back to military veterans i will say standing alongside them on this day, i cannot thank them, thank them them for their service enough absolutely true. appreciate you being with us today, as always. come up blend labs shares tumbling despite doubling its market share what happens when the mortgage market slows we will ask the cofonder. disney stock down sharply over disappointing earnings and concerns over streaming. is it a buy at these levels, there its, i $163. our trading nation team is on the case it's all about the baby steps.

maybe it's a jump or eating something green. or taking mom to get that vaccine. ♪ healthier means bringing stuff to the folks ♪ ♪ that really need it. ♪ ♪ like help at 2 am or care that's right at home. ♪ ♪ believe it. ♪ ♪ and caring for them all means ♪ ♪ we're doing healthier right. ♪ ♪ so, let's do it all together people, ♪ ♪ 'cause this is what healthier looks like. ♪ what's strong with me? what's strong with me? ♪ so, let's do it all together people, ♪ what's strong with me? what's strong with me? what's strong with me? me? with me!

with xfinity home, you can keep your home 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.

welcome back blend labs powers the online mortgage market. it sawis market share double and raised guidance during earnings. despite that, the stock the tumbling in today's session and is down about 25% over the past three months the company operates at the center of the housing market what happens if a slowdown comes? joining us now is the cofounder and the head of blend labs thank you for being here. >> thank you for having me. >> a lot of us either bought a

cause or refinanced a house during the pandemic. we are familiar with the process. your company provides the of the wear that powers those transactions market cap increased last year your stock is down today eps loss was better than expected another speculatation is contractors slowed building by 25% last year. can your market share grow in a slowing housing market >> we have shown that we can outgrow contractions in the market we are building a very long term business, we are focused not only on transforming the home financing industry and the banker industry. we are products ranging from a credit card to complex as a mortgage there is software needed for that the transformation of financial

services is just starting. er with looking out five, ten years, asking how do woe make this industry as frictionless and consumer friendly as possible. >> as you mentioned you are expanding offerings, personal loans, auto loans, credit cards. you are really expanding but your core business remains the mortgage business. how do you different yacht yourself from all the other fintechs offering personal loans, credit cards, buy now, pay later. >> all those fintechs need software we work a lot of them. there is an arms race between banks and fin tex and credit unions and homebuilders and car manufactures to be able to finance all these products and be the financial partner for consumers. how do you underwrite a consumer in real time without having a bunch of paper and back and forth? we are part of the infrastructure that powers that modern experience. we work with the biggest banks

to small community banks, big credit unions, small credit unions, fintechs we want to be the source -- whoever wants to innovate, work with blend and we will get you there paster. >> let's talk about the stock option i know that puts new a delicate position my suspicious based on what you just said is today's decline of 13% or thereabouts -- you can see the one-week decline is investors misunderstanding the long-term nature of your business in other words to what would you attribute the kind of declines you have seen in the stock price in recent times? what are they misunderstanding >> part of it is not a misunderstanding part of it is the mortgage market, the inflation environment is scary to people let's put that off to the side there is a piece that i think is not well understood yet, which is how big and how complex financial services is, we are just at the very begin of a transformation from a paper

driven document based world to a digital mobile world the scale is not understood. the amount of complex technology required is not well understood. as we show continued ongoing execution in mortgage and other products that banks and fintechs offer people will start to see that we have to continue to execute, focus on the long term we are a long-term oriented company. we are not worried about the day to day movements although i do get lots of calls when things like that happen. >> we appreciate you being here. >> thanks for having me. up next, europe's energy crisis and vladimir putin's role in it. brian sullivan live in london with more. brian. >> tyler, coming up after the break here on "power lunch," we are going to talk about why the gas prices have come down a bit the problem still exists, a new problem may have popped up between poland and belarus we will tie that to not only europe but to the russian and

u.s. gas companies as well as wun vladimir putin's pipeline power play. that's next on "power lunch.

growing up in a little red house, on the edge of a forest in norway, there were three things my family encouraged: kindness, honesty and hard work. over time, i've come to add a fourth: be curious. be curious about the world around us, and then go. go with an open heart, and you will find inspiration anew. viking. exploring the world in comfort.

- [narrator] introducing the grubhub guarantee: our promise to deliver the food you love on time, and give you the lowest price, or you'll get $5 off your next order.

welcome back i'm that held solomon. here's your cnbc news update at this hour. winter alerts including the first blizzard warnings of the are up for 2 million across the northern plains and upper midwest. the blizzard warnings are unusually early. there hasn't been one in november in that area since 2016. oklahoma's governor is ordering the state's health department to stop issuing birth certificates with a non-binary option there is a court settlement in which the department agreed to start offing them. opponents say the govern doesn't have the authority to overturn an agreement approved by a judge. this year's rockefeller center christmas tree is on its way. it has been living outside a house in elkin for 85 years.

the operation drew an enthusiastic crowd while taking it own. the white house warning americans about rising heating cost this is winter as power prices surge but that's nothing compared to what is happening in europe where costs for things like natural gas and coal are much higher than in the u.s. it has to do with bad planning, bad luck, and vladimir putin brian sullivan is in london to tie it all together for us >> tyler, thank you. good news first. we have seen gas prices come done a little bit on the spot market today because increased flows from russia happened like vladimir putin said they would he kept his word, for now. let's be clear when you come down, they are still up 350 to 400% from their lows earlier this year that is not going to trickle through the economies here, but it will hit them people here in london and western europe are going to get

sticker shock when some of the fixed price plans roll over. what is at issue here in bad luck, bad weather, and now it is about putin's pipeline power play we talk a lot about the in order stream 2 pipeline. in order stream 2 is not yet running. putin wants it to run. the other is called yamal. it runs from russia through belarus into germany for a couple of days there was not delivering a lowly lot of gas. at one point it was going the wrong way, heading back east when germany and other western european countries because renewables didn't perform and they are trig to stock up before a expected hard winter, they said we will take all the gas you can, they thought putin was playing hard ball to get the in order stream 2 operational if we start to see a reduced flow of gas from russia or concerns about flows, that could

be a direct benefit to many u.s. companies, both public and private. names that we know, a name like schwan ear, which sells a lot to poland venture capital t, llurian right now, one company in russia supplies 30% of the natural gas to europe. a little bit of breaking news. earlier today at the kopp 26 summit the head of the, u's climate change commission s said -- it may be tiging people out, but we are realizing if you move too quickly and your heat costs too much and worse, doesn't kick on, people get -- they get hot. >> if putin increases gas

supply, the price would go down. that's number one. is he worried about -- he is playing price games? number two, is he looking for a longtime guarantee that the russian gas will be bought by european countries like germany, like great britain, others, even as those countries go green and try and decouple from natural gas, fossil fuels. >> i am going to do what i call the tyler mathisen, i am going to take the second part of that question first if i weigh may. >> you got it. >> many nations, and utilities inside nations have contracts. i am in poland for a reason because there is a lot going on between belarus and poland that could escalate and reduce gas flows. poland cut off their contract with gas prom instead they are buying from u.s. producers, schwan ear and venture global.

venture global will be a third of poland's liquid natural gas they canceled that contract, no doubt ticking off the russians what does putin want we don't know. but it may be more about belarus's president, victor lukashenko the pipeline goes through that area they have a border dispute over migrants who are dying on the border with poland today lukashenko effectively threatened to slow down or shut off natural gas supplies to europe if poland doesn't do something on their end about this migrant crisis and deescalate it wasn't just about weather, low stocks it wasn't about the wind and solar. now it is about human lives and the migrant crisis potentially affecting energy the energy crisis coming down a little bit, tyler, but it is not over yet

what putin's ultimate end game is -- if you find out, let me know. >> brian, thank you very much. brian sullivan we appreciate your reporting thank. much more coming ahead on "power lunch." the dow right now is on pace for a third straight losing session. the nasdaq bouncing back after a big drop yesterday we will check on the markets with 90 minutes to go in the trading day. it has been a wild to days on bitcoin spiking on the inflation number and sharply reversing course is bitcoin really an inflation hedge. and the regulations aimed at crypto that made their way into the infrastructure bill. "power lunch" will be right back

all right. we have 90 minutes left in the trading day. we want to get you caught up on the markets, stocks, commodities, and wild moves today in crypto. markets trying to stage a comeback after yesterday's inflation date-sparked selloff bob pisani with us now with more on today's action. hey, bob. >> tyler, three to two advancing to declining stocks, but market is being held us because well the vix is undercontrolled, bond yields undercontrolled today all that is good for the

markets. materials have been sid ways the last six months. the last couple of days they popped up again. at historic highs in the material index freeport mcmoran nucor. the mosaic semis have been straight up for the past month down four out of 22 days once again you get one or two down days, then it comes right back xilinx, qualcomm, microchip, nvidia 60 times 2022 earnings no comment, but things are getting frothy in the sem ductor area energy historically does well in an inflationary environment because they are able to raise skoil gas prices that sector is holding up very well finally i want to mention the regional bank etf is at a historic high. regional banks have been holding up very well, they started moving up in the middle of september as the ten-year yield popped up a little bit not a lot but they have had

momentum since then. these names all do very well remember in high inflation environment these names would not do well because it would reduce the value of the loans outstanding. that's a concern what it is telling us right now isser not worried about that inflation outlook. at least not the banks, not now. let's move on the commodities. oil steadies after falling more than 3% yesterday on the back of a strong dollar. dom chu has the numbers. >> oil prices are holding steady in trading today wti crude futures marginally positive on the day. just about flat. the january futures right now, $80.18 the brent 82.67 here as well if you look at some of those upside moves there, they are coming in contrast for a recovery trade after both oil benchmarks yesterday took a beating driven in part by the hotter than expected consumer inflation data which did spark by the way the rise in interest

rates, the sharp move higher in the value of the dollar. the rising dollar can have a downward effect on commodities prices priced in u.s. dollars making them relatively more expensive to buy opec cut demand to a level just shy of 99.5 million barrels a day. tomorrow traders will be looking for the rig counts from baker hughes that's out at 1:00 p.m. eastern time right here. >> dom, thank you very much. let's move to the crypto market everybody is moving to the crypto market. bitcoin pulling back after hitting all-time highs ethereum continues its march to new records. this as investors begin to wonder if crypto is the new inflation hedge. kate rooney has that for us right now. jim cramer yesterday in our money event said yes, indeed, crypto can be an inflation hedge. >> it can be that's really the way it has been described

it has been called digital gold and on a inflation hedge bitcoin got a chance to prove that this week as we saw the highest inflation reading in three decades. on tuesday, the u.s. ten-year yield jumped sending equity markets spiraling. bitcoin meanwhile rising from 66,000 to a new high of 69,000 on the back of that inflation number and it outperformed real gold. this has been the bull case for bitcoin laid out by some of the high net worth buyers. paul tudor jones saying he was buying it to guard against rising inflation that narrative is going mainstream there has been an uptick in new short-term investors getting into the crypto market at thesis proos according to data from fundstrat and glass node about 19 0,000 about bitcoin in the past week.

fundstrat argues that this dine has employed out before. it is usually the starting data point for larger run-ups back to you. >> kate rooney, thank you very much. meanwhile, new concerns over a crypto crackdown within the infrastructure bill of all places a host of new rules for trading these coins including for brokers needing to disclose personal information of investors and requiring businesses exchanges to report transactions of $10,000 or more to the irs could this sway investors away from buying in in with us now is emily parker, managing director of international content at coin desk emily, welcome, it's good the see you. it seems like an odd place for restrictions or regulations governing bitcoin and other cryptos to be in an infrastructure bill. what are the areas that people who own cryptocurrency or who deal in it need to be concerned about? >> so there are a few aspects of

this infrastructure bill that are very worrying for the crypto industry in the united states. so as you said, one of them is that it widens the division of a broker to include people like miners who don't have customers in a traditional sense and this could make it very difficult to comply with tax reporting requirements and this has led crypto advocates to warn that, you know, some critical elements of the crypto economy could leave the united states. the second one is it requires -- it is a reporting requirement for receiving digital assets over $10,000 you basically have to get information about the sender, including their social security number, and report this. these just make tax compliance very difficult and the crypto industry really lobbied hard to get these changed. but they weren't changed now it's awaiting the signature of president biden what is interesting is that it does not seem to be having a negative impact on bitcoin's price. >> so, correct me if i'm wrong here, emily, if if large foxes

in bitcoin have to be identified, the parties to the transaction have to be identified, doesn't that undercut part of the use case for bitcoin and crypto in the first place? >> that's definitely what crypto advocates are arguing. you know, that one position seemed to be relatively under the radar. people were focusing a lot on the definition of a broker but i think the crypto world has not given up on trying to change this i think there is still hope changes will be made to this provision before it actually goes into law. >> emily, pure research out with new research today people 18 to 29 are the biggest adopters of conclude, 31% saying they bought ether or bitcoin this provision in the infrastructure bill is for transactions over $10,000. but it seems to me it is younger people buying into cryptocurrency and feeling like it is the future and that pushed up the different coins, bitcoin

up 300% over the also year, ethereum, 1,000% will it stop the both of the bitcoin, because it seems like younger buyers are buying fractional shares and putting their own money in and it certainly isn't $10,000 at a time. >> bitcoin hit almost a record high of $69,000 after we heard news of the infrastructure bill. it doesn't seem to be having a negative impact on the price yes, bitcoin and ether are soaring but there are many other coins out there. for example, all the dog themed meme coins that are popular. they have significant market caps there is definitely a lot of newer investors jumping into the market with those coins. >> how much money is really coming into the market we just ran a slide or a chiron indicating eight-plus billion dollars. that sounds like a lot of money. i would love to have $8 billion but it's really not all that much money, is it? >> uh-huh.

look -- we are heading towards -- nearing a market cap of $3 trillion that's definitely a sizable amount but the crypto market is still considered relatively small compared to other financial markets. >> emily thanks so much. hopefully we can count on you again. you explained it real well emily parker >> $8 billion is a lot of money. >> it is a lot of money. >> any way you cut it. we will talk about a lot of car. the car market has been red hot in part because of the shortage. as production ramps up, we are breaking a car down piece by piece to find the very bess auto davemes. toy we begin our driver's manual series with a look at the exterior stay with us

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 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.

welcome back to "power lunch," everybody. today we debut a new series, called the driver's manual, looking under the hood and everywhere else to find the best stocks in the auto business as it transitions from gas-powered engines to electric vehicles on the assembly line, companies involved in building interiors, electric batteries, and the big automakers themselves. but we begin today with auto exteriors, the body, the chassis, companies like dana, american axel, action altda, coatings and magna

international, even goodyear here to end up our driver's manual is barkcally's senior analyst, brian johnson nice to have you with us. >> great series you are launching. thank you. >> we are going to sort of peel back the auto business in lots of different ways. today we begin with those body systems. one of the ones that you like, if i am understandi ing correct is dana. what do they do? why do you like it >> sure. dana is historically a maker of heavy-duty axels for things like the jeep wrangler, medium duty heavy trucks they also have some sealing and thermal products in our view they have done an excellent job of laying the foundation for the transition to evs by taking what they do with the axels and wrapping electron matters, power electronics and even beert systems into that. >> what about magna? >> magna, you know, about 85% of

its business is what we would call power train neutral and the cosma, the body parts, exterior body panels, framing and so forth, that's power train neutral. they are in a great position to help anyone regardless of how the vehicle is powered part of what they do is complete vehicle systems, they are on contract to build vehicles for fisker and for outfox in china they have been working for small volume builders and ow now they are transitioning to evs >> let's dig into the drive fan. wreck trick adoption is an ongoing process. the majority of cars are on the road are internal combustion engines. in terms of drive trains who

companies can continue stocking internal combustion engines and can pivot to electric engines? >> i would say dana. it can take its electrification products to both end market. including the commercial, including offhighway applications are better for tier one to come in, that's where it is outsourced to coupleless, eden, and allison. dana doesn't have to fight against an engine power train department with unionized employees with competitors with only electric vehicles look e motors are doing secondly, they have taken components for cooling and several of the ev automakers battery packs offer cooling plates that's because in 2018 and 2019,

they bought half a dozen companies that laid a foundation for the motor technology, the power electronics company, the controls, each some of the battery technology that really gives them, if you will, a one-stop shop for commercial vehicle and off highway electrification. >> are there -- you make a point of importance here of being power train neutral, which i guess means that a company can prosper whether it is an electronic vehicle, electric vehicle that we are talking about or a conventional combustion engine. are there companies that are behind the curve on this and that are not sort of power train neutral enough to benefit? >> yeah. i mean the one we cover that we like them as operators, they are probably the best manufacturing executives we know, is american axel they have a new motor business they have about three or four wards. but they are going at that very kettive light vehicle segment where they are competing against

other capable tear ones like borsch and also against the power train departments of the oems, all of whom for various reasons believe they want to insource most of their motors. >> interesting brian, thank you for the insight there. as we take cars apart we will talk more with you i am sure going forward. brian johnson. >> you have got to let me ride when you guys finish on this car? is it an suv does it have leg room? i'm tall. >> you will fit. coming up, today's power movers, and a look at how rivian is doing in its second day as a public company and disney debate. the stock down sharply after eain ads e looking at the charts to see if this pullback represents a buying opportunity. stay with us

what's strong with me? what's strong with me? what's strong with me? what's strong with me? with me! with me! what's strong with me? with me! with me. to make progress, we must keep taking steps forward. we believe the future of energy is lower carbon. and to get there, the world needs to reduce global emissions. at chevron, we're taking action. tying our executives' pay to lowering the carbon emissions intensity of our operations. it's tempting to see how far we've come. but it's only human... to know how far we have to go.

(rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf.

welcome back time for trading nation. i'm seema mody disney down 7% on track for the worst session since june of la year after reporting a slow down in the subscriber growth we've got two technical traders on where the stock goes next

let's bring in craig johnson and katie stockton katie, you would describe the move as a shakeout can you explain what that means? >> a shakeout is essentially a false break down and this is an exciting move for me to see from disney because it's been such a laggard since march and in march it flashed a sell signal based on the demark indicators and today's action is generating a buy signal based on a similar model. so into this gap down we have an emotionally charged selling. could be a selling climax of sorts, especially with the volume running heavy and if we see a strong close today we would have affirmation of that indicator buy signal so i think this may be an opportunity to add exposure to disney into weakness there's support on the chart between 153 and 155. and then the next resistance up around the 200-day moving average so i think it's

compelling but not exactly risk free to add into this weakness. >> craig, you just hear katie calling it an exciting move. you are looking at when is the right time to buy on a pullback for believers saying the investments that disney is making especially international will pay off in time. >> disney is doing a lot of great things but mickey mouse never goes out of style but the chart here today i'll wait for clearance further. i agree with katie looks like a selloff happening here today and washing people out and not come back to close the big gap down in the stock yet. i will wait to go on sale. it is a defined down trend and the chart still is in a down trend and the relative looks weak w we'll have an opportunity to buy in the next couple weeks or months. >> okay.

thank you. for more trading nation head to the website, follow us on twitter. back to you. >> thank you it is open enrollment season again millions of americans are picking or reviewing the insurance choices and there might be sticker shock that's next on "power lunch." and now the latest from trading nation.cnbc.com and a word from our sponsor.

hey, coach prime... i think you've got what it takes to wear the aflacket. style, charisma, and a smile, that's a 21 out of 10! [aflac!] you know, aflac can help keep unexpected healthcare costs from ruining someone's finances.

check out this coverage... you still got it coach, you still got it! i never lost it! yeah! [aflac!] you see that coverage? with that wingspan i see why you got more rings than a cell phone. there's always room for one more. yeah! get help with expenses health insurance doesn't cover at aflac.com welcome back we have been talking a lot about inflation but you might not believe how much workplace insurance premiums increased in the last decade. dom? >> i have a lot of numbers for you. we know how much health care costs risen but we have fresh numbers. now that we have the movements here to highlight just how bad it's gotten if that recent inflation data wasn't enough to trigger you. here's the latest from the kaiser family foundation with tracking and research. if you're covered by employer

sponsor plan, familiar premiums risen by 47% over the course of the last 10 years which depressingly outpaced wage growth which has grown about 31% an enin that span general levels of inflation up. the average family has a premium of $22,000 the employees cover roughly $6,000 and the employers foot the rest of the bill and the amount on the hook for if you need to tap into the coverage to cover out of pocket before it kicks in the deductibles are up 68% in the last decade now it's about $1669 to cover. that's up from $991 over the course of the last 10 year just so i guess it comes down to we

know that health insurance costs a lot but it's a whopping lot more than just ten years ago, guys. >> i'm so glad you pointed out on the deductibles because there's lots of way that is costs go up. it's the out of pocket maximum why the way they calculate the thing just the people in network versus out of network. and so forth so there are lots of ways that these costs bite you. >> the deductible is where the rubber meets the road. even if you're covered by insurance it's after you paid out of pocket and that $1600 to $1700 is a lot of money to cover before that insurance connects in the reason why it's such a big deal is because for those people fortunate to have employer sponsored health care coverage is 155 million families in this

country. that's about 59% of employers that offer the health care benefits companies don't do it. >> fascinating thing thank you for that another piece of the inflation puzzle. >> pressure on families already struggling and people going through job shifts and then premiums rising on top of that. >> good to have you with us. thank you for watching "power lunch. "closing bell" right now. welcome to the "closing bell" on this veterans day i'm wilfred frost at new york stock exchange it is a mixed session on wall street with the bond market closed for the holiday the nasdaq gaining back yesterday and outperforming into the final hour of trade. >> hello i'm sara eisen tech rebounding with chinese internet names leading the charge but nasdaq is pacing for the losses for the weak. disney dragginon