>> joe, talk to us about resmed. >> san diego based medical equipment. focus on sleep disorder. >> go chargers pete najarian. >> i'm going to -- i'm going to give you monster beverage. i see some call buying in there. i think the stock is going higher thanks all that does it for us on "halftime. "the exchange" begins right now ♪ thank you very much, brian hi, everybody. i'll kelly evans here is what is ahead this hour the president is set to sign one of the biggest infrastructure bills in history today we'll speak with the ceos of blink charging and siemen's usa. we have the story and the action on three trades tomorrow morning. we are joined by a five-star tech manager who saw gains of

88% last year. what he is buying as rates rise and why he is sticking with tess lay. first to the markets let's walk through that briefly today. a mixed day overall after breaking a five-week win streak. the major averages are hovering less than 2% from all-time highs so close with the dow up 30. the s&p only down 1.5 points right now. and the nasdaq underperforming, down 45 as the ten-year i notice when i come back today it is above 1.6% lots of action in the crypto space today. look at bitcoin crossing, back above 65,000 earlier can't hang on to those levels. ether around 4,6 m00 on the dot. tesla is falling for fifth time in six trading days as elon musk's stock sales continue. a quick look there we see another drop of 4.4%, putting tesla at 988 that market cap probably close to going below $1 trill if it hasn't already crowdstrike is among the biggest losers in the market today look at crowd, down 12.5% right now after being moved to

underweight at morgan stanley with the firm noting a more difficult backdrop and pricing pressure the social names are getting a nice pop today, snap, pintrest, twitter and meta meta is up 2.4%. look at pintrest, adding 5.5% right now. snap up more than 4 he% today. let's get the latest in washington it is a big day as the president gets ready to sign the trillion dollar infrastructure bill ahead of the passage the ev charging companies have been on a tear and blink is one of the biggest gainers. blink charging up, up about 30% for the month of september investors are optimistic for the $7.5 billion for a nationwide buildout of ev chargers. the department of energy says we have more than 100,000 charging stations but the goal is to have more than 500,000 by 2030. with me now michael farkas, ceo of blink charging. good to see you again. welcome. >> thank you for having me again. >> i guess to me $7.5 billion

doesn't sound like a lot of money for a build-out of ev chargers but so many companies are willing to put private capital to work here how much will the government funds help to pop the number how high do you think it will go >> it will help. i don't know if it will get us to the 500,000 number the administration is looking for, but without a question it will give wind at the back of the space. >> what is blink's personal goal in terms of charging expansion >> to own as many charging stations as we possibly can. our business is quite different from some of our competitors we own and operate a lot of the equipment that we deploy some of our competitors just sell hardware or provide networking services. we believe in the long-term of the business and want to make recurring revenues off the sale of the fuel. >> we will speak with the ceo of siemens usa in a moment. they have big goals to deploy charging technologies. you mentioned some of the competitors, names like charge point, maybe do a different

business why are you committed to this approach to the rollout of ev charging stations in the u.s.? >> as with all hardware and with most services, they become commoditized after a while we believe it is about a land grab, making sure we have the locations, that we have under long-term contracts, that are exclusive where we provide ev charging services. it is a very broad term. when we sign an agreement with a property owner we have the exclusive rights to provide ev charging services at those locations. whether it is a scooter, an e-bike, an e motorcycle, rivian or a tesla you are going to drive in or even in the future when you will be flying in on electrically-powered drones we have the exclusive rights to provide ev charging service at the entire location. it is about the entire address, not a parking spot our competitors have a different approach they want to sell a piece of equipment, get instant gratification. we realize it is about investing our dollars today, controlling those locations, and as utilization increases we have

the rights to go in there and add additional units as demand requires >> sure. i'm curious. i don't mow if you guys have gotten the details yet, but when we talk about the funds the government is spending here, let's make evs a case study, do you get money directly do you have any idea how the funds will be distributed? >> yes unlike our competitors we actually have a direct advantage because it subsidizes our costs in deploying the equipment we own and operate. in addition, we sell hardware to others, so it will really, really help that market as well. we are not going to own every piece of equipment out there we want to own as much as we can but we're realistic. others want to control net process for their customers, clients and tenants. we have a model where we supply others with our equipment, our networking services, but our main focus is owning and operating. because of these funds being distributed by the biden administration, this directly impacts our business in the past we've had grants where we would put up a dollar and then we would be reimbursed

80 cents for that deployment that's basically buying a dollar for two dimes. >> so is this -- how are these incentives structured then and how does it make what you are doing cheaper, if that's what it is doing >> well, it is not making it cheaper. we still have the cost of deploying the hardware what it does is it subsidizes the cost of getting the equipment in the ground. it takes our dollar and stretches it to $5 for the most part most of the programs are typically you go out there, you find the location, you install the charging stations. you petition the grant or rebate authorities and then you get a reimbursement after the entire project is done. that's typically how it has worked in the past and we believe that to be the case in the future there's no question it is going to put a tremendous amount of wind at our backs, not only ours, all of the ev charging infrastructure companies you know, when you understand the scale of this, and blink is a global company you know, we mentioned about having about 100,000 chargers in the u.s. that's not charging stations there's a difference between charging stations which people

view as gas stations where you have multiple chargers at that location, and a charging station, which is a charging port or a port that you can plug your car into. the administration is talking about, you know, charging stations like gas stations where you will have multiple chargers at those facilities. when we are talking about 100,000 unit number it is not multiple chargers at that location but when you look at it from a global basis, and i mentioned blink is a global company, where we are today and where we need to be by 2030 is you have a few hundred thousand charging stations, public ones globally collectively by 2030 you need about 120 million chargers >> wow >> available for people to fuel their car. so when you are looking at the business, it is -- you know, it is not even at its infancy, it is at an embryonic phase we've been lucky enough to be here, entering our 13th year it is not something new for us we were the pioneers in this space. we were the first consolidators

in the industry. if you look at blink, blink consists of about 10 or 11 different companies we acquired since our founding we're going to be growing organically as well as through mna activity it is not only here in the u.s. but it is a global opportunity >> fascinating that gives us the scale. so it is great to have you on today, michael congratulations. >> thank you thank you for having me. >> michael farkas is the ceo of blink charging to siemens when is another company that is involved in infrastructure for buildings and mobility solutions for rail and road transport they opt in more than 200 countries. the ceo joins me live in front of the white house where she will attend today's signing ceremony barbara, welcome it is great to have you on today. this bill is broad, and that's what you wanted, right it is not just literally for bridges. >> it is kelly, it is great to be with you and fantastic to be here for the signing today. we have long been supporting the

concept of this infrastructure bill, and we congratulate the administration and the bipartisan effort in congress that led to this moment. this is truly a glorious day for the american people. >> explain siemens' exposure to ev charging. >> yes, siemens. first of all, let me say we were built for this moment. siemens has been in the united states for 160 years, really focused on the infrastructure that has been the backbone of the economy here, everything from the work of industry to infrastructure of all kinds, buildings, transportation, et cetera when it was clear that we would see the electrification of vehicles we quickly turned our know-how in electrification to the problem and brought the capability to manufacture ev charging stations here to the u.s. recently we made the commitment to manufacture another million charging stations here over the next four years. so this is an exciting moment. >> oh, interesting so you guys are literally manufacturing the charging

stations, which is an important piece of the ev rollout. obviously we all should be thinking about it. tell us how it would change from a leadership point of view are you hiring immediately with the funds? when do you expect the funds to hit your bottom line >> we actually think it is going to take a whole ecosystem. the most exciting thing about all of this is that it is going to bring in the state and local, the utility businesses, and businesses who need to make decisions about this transformation yes, we will be working, bringing our technology to stakeholders in every single one of those areas and to get ready for that we've actually begun workforce dufflement at our location in north carolina we teamed with wake technical community college to create an apprenticeship program we are at the point we're reaching into high schools, getting kids interested in the kind of work they could be doing as we drive this transformation. it means we can tailor programs to their academic backgrounds and their schedules and bring them into the workplace, provide

them the skills they need to be able to contribute in this building field of manufacturing. >> although i suspect you probably had that in place before today, and maybe this kind of builds on that when i hear stakeholders, i get nervous that that process is going to take a while to play out. so maybe you can give an example of how, you know, these funds will really hit the road so to speak. >> yes that's right there is already, as you have noted with your other guest, there is quite a bit of capital already being deployed so we have already, for instance, deployed 75,000 charging stations across the united states with various customers. what we're most bullish about is the idea of utilities being key players in this transformation so, yes, we know it will take time for the funds to make their way, you know, in allocations out into the states, for states to work through their process to assure this goes to the appropriate stakeholders we are going to be working side by side with those stakeholders to expedite all of that. >> and it is interesting that this signing is happening,

barbara, the day after the cop26 summit more or less is concluding what is the tangible outcome of that giant meeting for the u.s., for these same projects you are already involved in? you know, it seems like the utilities are where a lot of these pledges are already most going into effect because even at the state level you have states like virginia and i think either illinois or indiana moving to net zero is that where the biggest change is happening >> there is quite a bit of change going on, kelly i was very, very honored to be part of a delegation that was in scotland last week and had the opportunity to observe the negotiations one thing is crystal clear, this goes well beyond the capability of governments in setting aspirations. this is a moment when businesses step forward and actually deploy our capital in ways that are constructive toward the end objectives of countries all around the world, what we all agree needs to be done so my colleagues at siemens energy have been deploying wind

power and in virginia they just commissioned a new site for manufacturing there. we have the opportunity all across the country to be building new, renewable energy, more sustainable manufacturing locations, and we will see this transformation being driven very much as much by business as by government >> sure. and we're going to talk a little later on about royal dutch shell, the company formerly known as, so certainly some big changes already. barbara, thanks for your time today. we will look for you later on. >> great to see you, kelly >> barbara humpton is the ceo of siemens usa. still ahead, the persistence of covid with colder weather seeing an increase in cases, what is the fall-out for air travel and who will win out in the battle between homes and hotels we will explore that plus, motor trend just named the lucid air its car of the year the ev startup reports after the bell today we have a preview of that. plus home depot and walmart before the bell tomorrow morning. it is all coming up in "earnings

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♪ welcome back to "the exchange". the holiday travel season is right around the corner, but there are some serious headwinds looming for both passengers and big industry players meg tirrell is tracking the rise

of covid cases in some parts of the country. cnbc.com's leslie josephs is looking at airlines gearing up for a busier season. seema mody is crunching the numbers on why airbnb might not be the most costly travel option >> meeting tirrell, let's start with you >> we were hoping that the decline would continue, but unfortunately it plateaued and has started to tick up a little bit nationally if you look at the numbers, they're up about 11%, this is daily cases, over the past two weeks. we are now averaging more than 80,000 cases per day here in the u.s. in terms of deaths, we are averaging more than 1,100 per day in the united states now, regionally this is really different. in the south, of course, they saw that huge peak and it has come down a lot, so transmission is a lot lower there, but you are really seeing states in the midwest like minnesota starting to get hit really hard we've heard about colorado, of course, and worries about hospital capacity there.

the governor urging everybody over 18 who is at least six months out from their pfizer or moderna vaccines to go get a booster. so there are concerns mounting around the country this, of course, comes as we're seeing that surge across europe. austria today announcing a lockdown for people who are unvaccinated that as they're reaching record number of cases doubling in the last two weeks that's the orange line there germany also under a lot of concern. other countries in europe as well the message we're really hearing is it is the folks who are unvaccinated getting hit the hardest in those countries, kelly. >> but what is driving the increase in cases? is it a different variant? it just seems almost mathematically as more and more of the population like the kids get vaccinated that sort of the vector would change. i just didn't expect it to be going higher it is just interesting >> yeah, absolutely. it is not a new variant. delta is about 100% of the cases here in the united states. >> wow >> it is basically just delta

making its way around the country in terms of the waves. you know, in the south it went up and came down, now we're seeing it hit the midwest. this is the way this virus has been acting the entire time and it continues to do so, but we are seeing the hardest hit impacts in areas with the least vaccination rates. >> very interesting. meg, thanks for now. we appreciate it meg tirrell. let's turn to how the airlines are preparing for what is sure to be busier but also costlier and riskier travel season. cnbc airline reporter leslie is here with the story. leslie, it would be a simple way if it was just covid receding but how will they handle the surge. now they have a surge and covid strikes, all of the problems with labor shortages it sounds like a mess. >> it is a mix and good and bad news what we saw with the tsa screening at airports on sunday, we've recovered 90% of the ground compared with 2019. that's remarkable.

we weren't seeing any numbers near that a year ago at the same time it is costing airlines more to fly those passengers, fuel along with labor costs are one of the biggest expenses that's an issue for them that's going to be weighing on their bottom line. we've heard warning like that from dealta airlines, recently from frontier. they're trying to balance that out. the good news is things are going in the right direction in terms of bookings. the bookings are coming in really strong. we've seen data from adobe recently saying some of the thanksgiving bookings compared to two years ago are even higher than those levels. a lot of people ready to get out, but it is going to cost airlines more the fly those passengers and likely going to be the two of us and many millions of other people paying for the higher fuel eventually >> i'm thinking about those traveling. i know certain cases, maybe wednesday and sunday, and if there are widespread cancellations that butterfly effect, i don't know what to call it, where it could create a lot of problems because there's

not easy backups and that sort of thing which was the pilots' union that voted down the option to take higher pay for showing up to work the holiday weekend, they said the number wasn't high enough, i guess. >> well, they're looking for some more permanent fixes to how american airlines is booking so what we've seen, and to a degree of success, airlines are trying to chase as many dollars as they can after a really bruising 2020, but they have had to also staff up some of the airlines have not been at the levels they needed to be, and when you have things that are pretty routine like bad weather that can cause some cancellations, you do tend to see it snowball. it is a little too early to tell thanksgiving is still, you know, several days out what's going to happen, but we're seeing southwest airlines and american airlines offer incentives to employees whether frequent flier miles, bonuses, flight attendants in american getting up to triple play for holiday trips along with perfect attendance, but those things don't happen again we heard from analysts it costs

the airlines even more when they have the disruptions than to kind of roll out the additional incentives >> makes sense leslie, we appreciate. leslie josephs. once travelers get to where they're going will they be staying at a hotel or home rental seema mody is here to check in >> the cost of a vacation home is nearly twice as expensive as a hotel room, averaging $253 a night, up about 20% compared to 2019 levels. bookings for short-term rentals continue to accelerate, reaching the highest growth rate since the onset of the global pandemic according to airbnb. the rebound travel is not the only reason prices are going up. staffings, supply shortages, higher cleaning fees, maintenance cost for homeowners putting more pressure on property managers. it is one of the reasons more owners are turning to companies like la casa, which manages rental apartments, now valued at $4.5 billion and it is set to go public via a spac in coming weeks.

sonder, which has $1.9 billion valuation. now, of the three publicly listed home rental platforms, booking holdings charges the highest commission so it is collecting a larger percentage per home, but it is still said that airbnb has the strongest pricing power in the home rental market and he does not see higher prices derailing the travel recovery this holiday season, kelly. the big question is january 1st when companies require employees to come back in, that worker who was staying at an airbnb because he or she would work remotely, how it changes booking trends. >> great point is there a kayak of all of the different vacation home rental platforms? because it is dizzying >> it is it is still segregated if you want to book an airbnb, you have to get on an airbnb same for vrbo. that's why you don't have a best buy or a showroom to look at the different prices it would be a great opportunity, but, again, the other professionally managed home rental platforms are becoming increasingly popular because a lot of homeowners say we want to

rent out our home but it is so time consuming, getting the cleaner, getting the toilet fixed. it is becoming harder because of the staffing shortage so they're turning to professional platforms. >> that's a great point. thank you, as always our seema mody royal dutch shell is ditching the dutch and scrapping the doull share structure. we have details ahead. plus, this stock is on pace for the worst day erev after falling short. the soggy name coming up after this the history she writes in her clear blue skies. the legends she births on hometown fields. and the future she promises. when we made grand wagoneer, proudly assembled in america, we knew no object would ever rank with the best things in this country. but we believed we could make something worthy of their spirit.

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welcome back, everybody. let's take a quick check on markets which are struggling to hang on to positive territory. the dow still up about 25, but the s&p has turned negative and the nasdaq still down 32 here are some of the movers we

are watching spelunk shares are going splat despite revenues above analyst's estimates. they're announcing the immediate departure of the ceo, saying they're focused on identifying a leader with a proven track record it has been a tough go for slack, down another 19%, the worst day in the year. that's not the one we teased oatly with shares plunging after reporting a wider-than-expected loss in the third quarter. they issued a revenue warning for the year they say it will result in the destruction of inventory and lost sales in europe, the middle east and asia. oatly is down 30% on the day w over to rahel solomon. here is what is happening at this point media mogul is taking the stand. diller denying the allegations

he also challenged testimony by tinder founder sean radd that iac has a history of using corrupted valuations of companies it buys. info war's host alex jones losing a fourth libel suit over claims that the sandy hook shooting was a hoax. the judge found jones guilty by default for failing to turn over documents before the trial to determine how much the host owes the families of victims are set for next year. as meg mentioned earlier in the show, oughaustralia implemeg a nationwide lockdown for people who have not been vaccinated for covid-19 police are enforcing the rules to prohibit them from losing home except for essential activities you're up to date. kelly, back to you >> rahel, thank you very much. a tug-of-war between tech and ray since the fed's last

meeting. the fed manager joins me with the top picks and why he is staying bullish. that's next. 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.

♪ welcome back to "the exchange." since the fed announced the

taper at its last meeting it has been a standoff between tech and bond yields, despite the wildly held view rising rates would be bad news for the tech sore, the next guest says it will continue joining me is mike librert. the five-star morning fund has a blockbuster 2020, a total return of 88% top holdings, microsoft, alphabet, amazon and tesla and nvidia, all soaring, except amazon mike, good to have you >> thanks, kelly thank you for having me. >> a lot of those are -- this is the challenge with your sector right now, right you on-the bigwn the biggest sth country. do you let it ride do you see anything else that can move the middle for you guys for the next 12 months >> well, the answer is yes, of course when you see what is the top portfolio, we have significant investments in companies that are less household names whether it is a zoominfo, a hub spot,

software that also really influence our long-term returns. >> can those companies ever get to the size and scale of the major players or was that a one-time 2010 phenomenon >> listen, i don't think it is a one-time phenomenon. when you are talking about a company reaching $1 trillion market cap or some now $2 trillion, it is very, very hard to do. but, you know, as long-term investors we try to find companies that can grow faster for longer, that they have a significant market opportunity and they have sustainable competitive advantages, such they can capture the market opportunity. we think often about companies with second or third apps, and the great companies of the world, the apples, microsofts, the googles, they all have that. tesla and nvidia, they have that even smaller companies, they have the same thing. they may, you know, smaller opportunities than the goliaths, but we look for companies that can do it again and again and again and keep that growth going for longer, because when you think about the best growth

investments literally over the last 20 years, these are really companies that could grow faster for longer remember, amazon started out as a book seller. no one expected they would be what they are today. >> a cloud giant and the rest of it why isn't facebook on this list, or meta. sorry. >> there were definitely some issues with facebook that are really, you know, hard to figure out exactly where they will go so, you know, where they are in, you know, the public, where they are with regulatory issues, the impact that idfa will have on them so we have significant investments and, you know, what i'll call digital advertising, digital media, we just don't have investment in facebook today. >> understood. two more specific names i want to ask you about one obviously is tesla because it has pulled back below 1,000 a share. i wonder if you think that makes it an attractive entry point, but also if you think there's any chance they can grow anything like what they've done compounding to investors over the past decade?

>> you know, listen, i think they're going to grow at a very, very fast rate for a very, very long time. we have invested since 2014. we have earned 25 times returns our investment so the stock is up 40% year-to-date even with the pull back. we definitely believe, and you guys have had ron barron on your show, that we believe the stock could be a $2,000 stock in years to come. that's just on, you know, selling a lot of cars. that doesn't even include the option of what autopilot and autonomous driving could be, what they could do with solar and battery storage, what they can do with things like robo taxis and controlling those kinds of fleets. so we see a lot of options in tesla. as you look over the next tefrl years, they're going to sell as many cars as they can sell they're going to continue to innovate on the battery technology they're going to continue to innovate on autonomous, and we've essentially crossed the cap. we have moved from an ice world, sort of a mush world to an ev

world and tesla will be the leading player in that world >> sell as many cars as they can make probably. what about nvidia, which has been an unbelievable story, close to rivalry some of the best in business we've seen. kind of a similar question as that one, how much longer do you expect it to grow at the rate it has been >> again, it is going to grow at a very, very high rate, exactly what it will be in the next years, who knows there's a lot of factors that we've seen over the last few years. there's like 80% in the gaming business, 30%, 40% growth in the business it is so early on in the tams. you talked about the metaverse we are in the early innings of what gaming some day will be when we think of the world of the metaverse. in terms of accelerated computing, artificial intelligence, machine learning, all of the great code words people love, but we are just in the early innings of that computers are helping human beings made better decision.

when you go to shop, you want the company that you are shopping on, say amazon, to make recommendations to you when you are watching a video you want to have recommendations. our car driving, all of this stuff is based on ai and ml, and nvidia is the leading platform with that, with not just chips and service systems but all also of the software that they have, which i think is what is really exciting me about the latest chapter of the nvidia story. >> very interesting. a final question that is not quick but i will ask it anyway, which is when everybody says value is going to outperform now that rates are rerating and inflation and the rest of it, what is your answer? do you welcome that and say, great, i will buy everything i can, or could it be a decade-long headwind for tech stocks >> it is almost impossible to know we have looked very, very carefully at the impact interest rates have on valuations in stocks and in the short term we have seen moves early this year and then people were spooked by the moves we saw in february and march, then they would have missed a lot of gains earlier in

the year i think what i said in the beginning is key to long-term investing. find the businesses that can grow faster and long and at the end of the day produce that cash >> tueit is good to have you on. >> thank you still ahead, lucid is "motor trends" car of the year. home depot has beaten eps19 out of the past 20 quarters but shares have a history of falling post-earnings. we will see if it happens this time around. walmart could post big gains in grocery, but how will inflation impact the profit margins? we havethe key numbers to watc and how to position for these after and before the bell results, right after this. somet! 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.

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today's names are lucid motors, home depot and walmart let's start with lucid, set to report after the bell for the first time after delivering its first vehicle last month that car, the lucid air, was just named "motor trends" 2022 car of the year. get this, it is first time an automaker has won an award for its very first car lucid's shares are up 84% in the last month as investors pile into the ev trade. let's bring in our own phil lebeau with what to watch along with todd gordon, a hedge capital founder and cnbc contributor. he will give us our trades today. welcome. phil, earnings, are there going to be any? >> no, and i think, look, we are just seeing these guys start up production, their first deliveries at the end of october. you are really looking at basically close to prerevenue. the earnings, the numbers are not going to be what drives this stock. it is going to be the commentary from the company when they talk about what are they expecting in terms of being able to ramp up and meet the production goals that are out there they've got reservations for

about 13,000 lucid airs, and the first ones that are being delivered right now, kelly, these are limited first edition lucid air dream models we are talking the very highest of the high-end versions of the lucid air, and so the question becomes once you get past this and you start to ramp up production next year, will you be able to meet your goal, let's say, 20,000 vehicles being sold next year and then move up from there? that's really going to be what is driving the stock >> all right todd, we used to always hear people say about tesla they loved the car but didn't love the stock. maybe they were wrong in the long run on that what do you think about lucid? what's the trade >> it is tough -- preinvest knew, i think they -- lucid air, a car that was "motor trends" car of the year it is amazing. they're going after this luxury, high-end target audience it is a high-performance car it starts at $75,000 think the one they tested at

"motor trend" was $170,000 so certainly not -- 520-mile range, and this thing has like 1,100 horsepower. i don't know what you do with that they say it is a very efficient car though they have about 111 to 130 miles per gallon equivalency that's like taking combustible engine miles per gallon, and comparing it to the other models they have a higher mile per gallon equivalent against tesla. the chart broke out. 29 was obviously the breakout. it hasn't looked back since. i don't own it, i own tesla. a large valuation for a company that hasn't delivered maybe 500 cars right now so very expensive. forward earnings and the forward multiple is too much for me. i'm going to watch if we get a pull back i will consider it but not right now. >> we'll see phil, their goal is to deliver 500 this year, 2,500 next year, is that right? >> correct cent and so, again, it is all about the ramp-up in production, kelly. it is one thing to produce your

first editions, which are spectacular and nobody is arguing that the lucid air dream model is not spectacular the "motor trend" award speaks to that. the investor comes if you're an investor can they meet the goals over the next years. >> thank you very much peter recallinson tomorrow morning will be on "mad money. next to home depot that got a huge boost during the pandemic can they keep the shelves stocked and prices low heading into the holiday season? courtney reagan is here with the story. what are people looking for? >> hi, kelly you know, most of the home trends we have seen during the pandemic are still really holding strong, whether it is remodelling or home decor, both areas that, of course, home

deemplo depot plays well in. expectations are high. remember when they report earnings, you don't see the stock move a whole lot if anything, you see it go backwards, some people taking down profits these valuations are hefty for both home depot and competitor lowe's going into this the christmas season has become a bigger season for home improvement retailers than it was in the past. used to be spring was the most important time now black friday has been home depot's biggest day ever still really important there margins will be in focus with all of the pressures from the supply chain and inflation so that is going to be very key, and the stock action could hang on what those results are. >> all right the shares are down about half a percent today, up 12% in the past three months. todd, what would you do with them >> kelly, this one i doesn't own it this is breakout just speaking generally to the consumer discretionary space, that's the sector right now that is leading i heard you mention that in the last segment

consumer discretionary and technology leading the overall sector makeup right here as courtney said, despite the concerns with -- to the -- with higher food and energy costs and consumers are still spending, we just saw the personal savings rate drop down to about 7.5% those are levels we haven't seen since right before the pandemic. so consumers are not saving, they're spending consumer credit broke to a new high this year so i'm wondering if people are spending not on the do-it-yourself home projects that benefited home depot and lowe's but other trips and things we couldn't do last year. they did see in the last -- soft -- obviously we have higher info costs we have all of the other supply chain issues, and new housing starts leveled off they're right about 1.5 million month over month we haven't gotten above pre-pandemic highs look what zillow just did, so maybe the housing market is off a little bit here. i don't own it i missed this big breakout

keep an eye on it, but kind of -- it is kind of -- >> courtney, a quick follow-up on this point. so they won't be able to give us any early sort of in-the-moment data points, right should we imagine they will hold off on making any commentary right now? >> actually, i will say that usually on the conference call they will give us a little bit of an indication as to how things are trending in the current quarter, and that is often when you see a stock price move after the release is out. that's usually when you see it >> all right i need you to put that into like teams or something when that happens. for those of us -- >> okay, i'm do it for you >> finally, a consumer bellwether, walmart. shares are flat on the year despite noting the consumer is coming out of hibernation as walmart sees slowing ecommerce growth but increasing in-store sales is what they told us last quarter. what will they have to say about the consumer now courtney, i will go back to you on this with the notable thing

being the flatness in the stock price this year. >> yeah. you know, remember, of course walmart is a consumer staple, and it is humongous when you look at the revenue side it takes a lot to move this stock much sharply i think expectations are pretty high for walmart they're going to be continuing to post those in-store or same-store sales that keep grow king and growing in the united states very key remember, they've got, what, three-quarters or so, maybe a little less than that is done in food very important for repeat shopping of course, the holiday season, always important, especially when you have consumers concerned about inflation and supply chain challenges. if anybody can navigate those two things better than anyone else it is walmart >> it will be fun to compare and contrast them. i actually should mention this before the bell tomorrow morning. todd, on walmart, why are you waiting? it is at 146 today you're looking more for 155? >> yeah, yeah, courtney just hit it the stock has been rank -- for all year that's a lot of opportunity costs in a market that's significantly moving higher.

we look at competitors like target and costco and look what happened to dollar tree. the stock, you know, can be used as a bit of a hedge. it has got a 1.5% dividend if we do get a downturn it is a nice trading hedge as courtney said, they're seeing high gains however in grocery and grocery delivery domestic food is a big component of their sales so not subject to supply chain issues as courtney mentioned. amazon is a big threat they're tilly opening physical stores i think they opened 11 for about 30 with these amazon fresh stores so they will have competitions there we're expecting with the research i did to go up about 5% with shipping costs and labor. an interesting report saying they can handle the supply chain bottleneck better than most. they are making an effort to go more into the cloud, which should help margins. but, again, opportunity costs for being in those and, again, a market that growth is outpacing value. you look at the comparison between these two etfs, those

better opportunity costs could be long better names than walmart right now. >> we will leave it there. todd gordon with our trades today. court any, wewill see you for all of the reports bright and early tomorrow morning our courtney reagan with the action up next, we have a look at big moves in two medical device makers as we head to makers check out shares of vida coco. they are up 30% since their ipo late october backn mont ia me

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welcome back, everybody. we are watching sharp moves in two medical device makers. knew vasive is jumping on reports that they have an acquisition offer. globis sliding about 7.5%. knew vasive is up 6% the talks are said to be preliminariary and a deal is not certain. still ahead, royal dutch shell is ditching the butch, moving its headquarters to london and doing more behind the scenes we will get what's behind the move and the response from the neerndrit teththlas ghafr is

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royal butch shell is leading london's call and getting ready to move its tax head office to brin from the netherlands. it will make a host of other moves. brian sullivan joins us with more just a day after cop26 ended. >> this is a bigger story than it may seem on the surface if you read the headlines, you are like who cares well, it is a big deal royal dutch shell,s following another butch company that made the same move to the uk earlier this year. this is not a done deal. it is subject to a shareholder vote and there are reports the dutch government is panicking. in fact there is a parliamentary address scheduled for monday this is the biggest company in the netherlands, and one of its oldest, roots going back to 1890 and they had a dual trading structure under one share. i will get to why in a moment. if they move their tax

headquarters, some say who can blame them here's a recent rundown of what happened shell and other fossil fuel companies are constantly beaten up by the euro zone in the butch government there is a 15% tax on a shares, but not b shares, but the government limits the number of b shares shell can buy back. they can't buy back as much as they would like. they had a court ruling in may you are pushing them to decarbonize faster than they were planning. and in other words, the company is taking a body blow from all sides. i have a couple of questions is this a win for brexit i was just in the uk last week, as you know, the city is booming. new office towers everywhere looks like they might be welcoming a bunch of new highly paid shell employees into the city of london this would be a huge blow to the nester lands if another one of its biggest and oldest companies decides to leave.

>> the point that you make about the attractiveness of the uk is interesting. the hague did rule their scope three emissions would have to be cut by 45% could this be a way to get out of it? the company seems the embody the green transition in a way, at least of the oil majors. >> you are right they are doing it. they sold off texas land as well they are making some changes but you have got to understand you have mid-level bureaucrats saying you have to do this at this speed they know nothing about running this company and they are telling companies what to do and companies are going to vote with their feet. and by way, they are just going to be called shell if this is like if a american company were to move to canada big deal. >> couldn't they still face

massive pressure to reduce emissions? it is not like they would be going to texas. >> thaeb they would or should. it is not the same the uk, with brexit makes its own rules. they are not subject to eu rules. bunch of people in brussels making decisions for companies that are not based in the countries they represent a big detail. >> really interesting. a great explainer, we appreciate it brian sullivan for us afternoon. that does it for "the exchange," everybody, but we are just getting started here "power lunch" begins right now >> indeed it do, kelly, thank you very much. we will see you in just a minute i'm eye tyler mathisen, welcome to "power lunch. the start of a busy week on wall street and in washington we will get you ready for a flood of retail earnings reports. walmart, target, lowe's, home depot -- are those big enough for you? we have got them and many more and president biden will sign the infrastructure bill today and then mee