it is 5:00 a.m. in new york city, and here is your top five at 5:00. tech stocks continue to come under pressure, down big in a few days is it the fed or is it something else deal news, oracle reportedly in talks to buy an electronic medical records company for $30 billion. fed ex taking off helped by higher shipping rates. the cdc making a new recommendation on covid vaccines and which one you should get. and as the elizabeth holmes

trial draws to a close, the prosecutors argue she chose, quote, fraud over failure. it is friday, december 17th and this is "worldwide exchange." well, good friday morning, good afternoon or good evening, welcome from wherever in the world you may be watching. i'm brian sullivan thank you all for joining us we have all of that, plus your exclusive insider buying segment coming up with one well known name getting in on a big buy that is later on let's get to the markets and your money and futures right now. they are very, very mixed. we are seeing nasdaq futures down -- i don't want to say big but they are down a couple tenths of one percent. down futures up 100 but tech is the one to watch this coming off what is another down day for the nasdaq. you have fed rate hike fears

touted as the main reason for the selloff and that is certainly the case but you also have got maybe some underlying options activity as well that is taking place. 70 million single stock options are going to expire today. that is the most that has ever occurred, and that certainly could contribute to the volatility recently that we have seen so we are seeing a mixed futures trade as well. let's move on, if we can we have bond yields. they are still lower, the price of oil moving up just a little bit as well. so technology stocks are the ones to watch. in fact, the big names, apple, the ones that move the markets, they have been the ones that are down mostly this morning so, let's move on and get a check on some of your top corporate stories this morning including a pretty big deal said to be in the works, silvana joining us with the details. good morning. >> good morning, brian

happy friday to you. oracle is reportedly in talks to buy electronics medical company surner, the acquisition could be around $30 billion the tieup would left the software giant push further into health care. shares of cerner up this morning. rivian posting results last night. the e.v. maker telling customers it's seen a surge in reservation but warning it needs to cut expectations for the year, blaming supply chain issues. rivian shares are down this morning on the news. in covid news, the cdc is recommending the pfizer and moderna vaccines over johnson & johnson's jab, they confirmed 50 people getting blood clots after j&j vaccination. all of those patients were

hospitalized and nine people died the cdc said the u.s. has an abundant supply of the pfizer and moderna vaccines but those people who want a j&j shot will still have access to it. some important news there, brian. >> yeah. the stock down about 1.5% concerning news on the vaccine front there. thanks very much. >> you got it. investors continuing to digest the fed stance to fight inflation, including the potential for up to three rate hikes next year. technology stocks with high valuations, they tend -- not always, but tend to get hurt in rising rate environments because it drives down valuations. check out the nasdaq 100 down 2.5% yesterday and now off almost 7% from its recent high, although context is key, it is still up 23% on the year but five stocks, apple, nvidia, microsoft, tesla, counting for

more than half of the drop on the index. let's talk about that, tie it together, focus on next year, and bring in phil palumbo. phil, thanks for joining us. we have the fed out here, we have this huge options activity all that expiring today. so who knows what might happen on monday. rolling into a new year. what is your take on sort of the underlying mechanisms of the stock market right now >> i continue to consistently say that inflation is a big problem. it's going to be a big problem in 2022. the fed is going to have to be more hawkish than we saw on monday the rates are going to have to go higher which technology will continue to breakdown. >> how much of this is the federal reserve because the market acts on what it thinks will happen. if it thinks we'll get three rate hikes next year, it's theoretically moving now for that can stocks, overall, hold up in

a rising rate environment in 2022 >> i think parts of the stock market will hold up. i think small caps, financials, industrials, and materials so more of the value play will hold up going into 2022. but anything that's speculative, overvalued, think about rivian it was trading at a market cap greater than ford and general motors and it basically has no revenue. that's what we've been seeing all year in 2021, which i've been talking about you're faced with rising interest rates, inflation being problematic and think about what the fed has been talking about, the government has been talking about in terms of income inequality, the lower income household with inflation as high as it is, is suffering through this that's why you'll see the fed act more hawkish, which is going to affect the technology sector

and technology is seeing it now. >> i hate to go back to it is it 1996 or 1998, i'm getting old, irrational exuberance, remember those words from allen greenspan, do you think we are irrat irrat irrationally exuberant right now? >> there's a bubble for a while with nfts, counterrypto currencs i think of investing, think of warren buffett, doubled the market since investing and they've had tremendous success and there's investors chasing the meme stocks, the overhyped technology stocks and it's problematic for investors that's what we're seeing is speculation off and exploring stocks on. >> phil, so if that's the case and you obviously sound a little

bit worried or concerned, nervous, whatever the word may be, where will be the good and potentially safe places to invest next year >> so as interest rates rise, financials will be outperformers. so my feeling is next year as we go into it, value will outperform longer than investors are anticipating i think you can do well in that particular area there. as far as small caps, small caps have underperformed large caps the cheapest in two decades. when interest rates rise, small caps tend to outperform and 60% of the small cap index is industrials, materials think about 2000, technology imploded going forward, energy, industrials, materials i believe that's where we are today. >> phil palumbo, palumbo wealth management we appreciate you getting up early. thank you very much, merry christmas. happy new year, seen you soon on cnbc take care.

>> thank you >> you're very welcome we have a long way to go on this busy friday and when we come back, goldman sachs out with a big call on oil. is 100 bucks a barrel ahead. and then europe under fire energy prices soaring, could russia drive us into war over ukraine? helima croft is here stay tuned still a busy hour on "worldwide exchange.

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morning. if you are just joining us here on "worldwide exchange" or just waking up, why don't we check out the futures because they are very, very different right now, something we have not seen a lot laws lately normally we see futures go one way or the other not today. dow futures up over 100 bucks, but the nasdaq is the one to watch. they are down about .7% right now. nasdaq has been weak the last few days and, of course, i don't need to tell you, it's all about market structure. we have talked about, number one, all the underlying options activity we have the biggest number of options expiring today ever in the market 70 million single stock options.

and, of course, it is the big tech company, the apples, microsofts of the world that really drive the boat. they are so big they run the show so nasdaq futures down about .7. that is the index to watch the cryptocurrencies are down across the board bitcoin back below 48,000. all the the major coins are lower right now. let us push to energy. commentary out from goldman sachs saying oil demand could hit a new high next year and again in 2023. damian coldman is head of the goldman sachs research, saying it is possible that oil could hit $100 a barrel. he says demand already at record levels and that air travel, especially internationally could recover to pre-pandemic levels next year, that combined with limited supply growth could send oil prices higher. and yesterday as we showed you

in the rbi, natural gas prices in europe are at a record high the dutch front gas, closing at 145 euros per megawatt hour. that is the highest close ever effectively. they're paying $40 for natural gas and the same contract we showed you in america, which is just below $4. it is a similar equivalent for the british equivalent, which hit a record of 3.59 points. europe relies on russia for about 35% of its natural gas and now we have more than 100,000 russian troops lined up on the border of ukraine. let's talk more about all of this with helima croft, a cnbc contributor. i know it's not on the front pages here, covid sort of dominates the news flow. you have 100,000 russian troops on the border of ukranian,

stretchy natural gas flows to europe, putin saber rattling, the prices we showed our viewers, how does this play out? >> those prices could go higher if we get a russian invasion of ukraine which they're warning about a possible invasion in january, involving 175,000 russian troops this is a front line security concern. the issue is, will there be negotiations, can western nations give putin the assurances he's looking for that essential ukraine will never join nato or is he looking to remake the security architecture and retake ukraine that is all up in the air right now. >> we kind of think there's no way that putin would do it, but he's getting older, who knows what he might do his legacy is on the line in certain ways what do you think happens? what does he want to make him pull back?

is it just the approval of the nord stream 2 pipeline >> i don't think we can say with any certainty that vladimir putin will not invade ukraine, that is seen as a live option in washington u.s. intelligence agencies warning it could come in january. the italian prime minister was out yesterday saying putin just wants negotiations but what he's looking for, assurances that ukraine will never join nato or also that there will be no nato exercises in ukraine or the black sea, it's unclear whether the west is it prepared to offer that. privately officials say that ukraine is far away from joining nato, there's serious governance issues in ukraine. but putin does not like the military exercises in the black sea near his border. the question is, again, does he just want those assurances or is he looking to remake a security architecture in the region i think this is a very

precarious situation that has major implications for natural gas in europe and also oil markets as well. when you talk about a $100 oil fast, the path to getting $100 is some type of major security issue with russia. that's part of the equation. >> talk to us about that they are tied together russia the key member of what we call opec plus it is the third largest producer, maybe the largest depending on what numbers you believe, of crude oil in the world. how do russian oil flows tie to what is happening now and what the potential u.s. response may be >> i mean, this is a real concern of officials in washington if you were to get to a situation where you had a russian invasion of ukraine, obviously the west could impose significant sanctions on russia. they would probably look to kick them out of the swiss payment system, go after the ruble

and how could russia respond by cutting off oil and gas flows. in 2009, they essentially halted flows through pipelines via ukraine. would they hold back oil supplies, get opec plus to pull back barrel. this is a real concern if you're concerned about a tight energy market the situation with russia and ukraine to be a real concern as we look out to january and february. >> we're talking about european gas prices our viewers in the states may say who cares, but the reality is you could have millions of people who don't have heat or can barely afford heat this winter that's a humanitarian crisis we should all care about that they're paying 10 times more than we are right now on the spot market. how do you see that playing out and what do you think will be the ultimate impact on europe from that this winter. it's a bad situation there and

if it's really cold, it could get worse. >> it's a very precarious situation. we don't have an spr for gas inventories of natural gas were low. there's concern, is there surge capacity in a cold winter scenario that doesn't take into account where russia would pull back supplies for political regions you mentioned the nord stream 2 pip pipeline, that's being held up in germany so there is a real supply issue with europe going into winter and this russia situation could make it much, much worse >> yeah. more than 100,000 russian troops on the ukraine border, it is a very tenuous situation, very scary for a lot of people in the region and something the world needs to pay attention to. helima croft we appreciate, as always, your insight on it have a great friday, a good weekend, merry christmas and

we'll see you soon >> thank you, brian. >> on deck this morning's top trending stories, including a heartbreaker, don't tell me about it, for chargers fans like me in overtime last night. if you missed the game, we'll show you the low lights. that's next. >> announcer: today's big number 52%. that's the increase in fintech adoption in the u.s. this year over 2020. according to a survey by financial services company araid. nely 90% of american consumers say they now use a fintech product.

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who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com welcome or welcome back, i want to get a check on some of this morning's top headlines on a friday good morning, phillip. >> schools across the country are on high alert after a threat of school violence went viral on tiktok the details of the postand where it originated are unclear. hundreds of posts went viral warning people to be careful while there are no credible threats many schools are taking precautions like increased police presence or some are closing. a spokesperson for the fbi says the bureau is aware of the situation. in a statement to nbc news,

tiktok said it is working with law enforcement to look into the warnings about the potential school violence, even though it hasn't found evidence of the threats originating or spreading because of the app. a search warrant has been issued for alec baldwin's cell phone. they want to look at data as part of the investigation of the shooting of halyna hutchins. an attorney for the actor says we are confident the information will show that mr. baldwin is not responsible for what occurred and he continues to operate with authorities switching to the nfl on the field, the chiefs traded touchdowns with the chargers in week 15, a nail biter. you saw justin herbert, the game tied at 28, sailed over head but over time, patrick mahomes

to travis kelsey, ending it for the chargers we talked about it yesterday, you said you were going to stay up to watch it it was a heck of a game. it did not go your way the chiefs, they left a lot of points on the field, a lot of field goals, i have never seen so many turnovers inside the 5 yard line. >> yeah. that -- i'm not in a good mood, i'm going to say that. >> yeah. >> how many times did the chargers go for it on fourth and -- i admire the aggressiveness of it, three r on four times, didn't get it one time one field goal might have made the difference also thinking about donald parum, the beginning of the game, he was carted off the field, looked like almost having a seizure or something our best to him. hope he is well. it was a rough game to watch on many levels. have a great weekend -- yeah

have a great weekend i'm off for the next, i don't know, three weeks. have a merry christmas. >> you too. >> not because of the game, just getting a break. >> okay. although the game does not help it was a -- then i went to bed, i'm thinking why did i stay up what a brutal. coming up, if you think the options market is too wonky to pay attention to, think again. why what is happening could have a huge impact on your money. nasdaq futures off down nearly 1% and a gentle nudge, if you have not already, be sure to follow our podcast, missed a show in a day, no worries, chargers pretty much missed every opportunity last night don't miss wex, check out the podcast. we are back right after this

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investors beware it is quad r quadruple witching day deal news why oracle could be getting ready to make a $30 billion bet on health care records. troubling new stats on covid cases in new york city as the big apple prepares to ring out 2021 it is friday, december 17th, this is "worldwide exchange" right here on cnbc

welcome or welcome back and good friday morning. just about 5:30 here on the east coast, thanks for joining us everybody, i'm brian sullivan. here's how your money and the global markets are setting up their day. stock futures are doing something we have not seen in a while. they are decoupling, diverting, whatever word you want to use. dow futures up about .2%, nasdaq futures, though, are down on a number basis more than dow futures are up and down nearly 1% could be another tough day in other words for nasdaq and big tech and here are some of the nasdaq laggards right now you have all these weak stocks, jd.com, chinese based company, as well as nvidia down about

2.5% there's been a lot of weakness in big cap tech lately nasdaq 100 now down nearly 7% from the highs if it holds out throughout the day, they'll be down more than 7% from the highs of just last week fed rate hikes are touted as a potential reason for the recent weakness, no doubt that is playing a part if interest raties go up, valuations will often get compressed like we have talked about so much on this show in the last few years, it is also about market structure what happens underneath the hood and the headlines of the market. check this out, 70 million single stock options are expiring today that is the most we have ever seen in one day. so all that underlying options activity could play a big role in the recent volatility as well as volume and could be adding to the selling pressure on many big

cap technology names and, of course, this could all change on monday when options get cleared through, but the options activity and dare i say it, the negative gamma trade, wonky but important could play a role in the markets today and really what has been happening this week speaking of tech, as we showed you, some big name chinese companies are selling off sharply in asia overnight, alibaba the biggest. jd as we talked about. baidu and tencent all this comes as the u.s. announced yesterday it was imposing trade restrictions on more than 30 chinese research institutes and entities over human rights violations, as well as national security concerns. some of the names are down, 1, 2, 3% again this morning in what has already been a disaster of a recent trade for many of them. state side, oracle is

reported in talks to buy cerner, "the wall street journal" said the deal could be worth around $30 billion. the tie up would let the software giant push further into health care. shares of cerne up about 15% oracle down about 3% apple is telling workers to delay their return to corporate offices indefinitely amid rising covid cases across america tim cook says every employee will receive $1,000 to outfit their home for remote work, a story we told you about yesterday. speaking ofcovid, new york city's covid positivity rate has doubled in just three days from last thursday to sunday. percentage of positive tests in the city spiking from 3.9 to

7.8% new york city's mayor sounding the alarm on the numbers he does add testing is up sharply. more tests, more test positive and many more tests are being administered in new york today marks a quadruple witching day, 70 million single name options will expire at the end of the day joining us now is a man who has forgotten more about options than most of us have ever known. john najarian, a cnbc contributor. 70 million plus single stock options expiring today i have to imagine that is part of the reason for the market volatility lawsuitely or no >> yeah. i think you're exactly right, brian. the part that you mentioned about the gamma trade, gamma, the rate of change of delta, and one of the reasons that you have that is i think you had a lot

of, a, complacency, b, a lot of people that had sold options which means they take on an obligation to do things, in some cases to buy stock if they were selling puts so the fact they've been making money as the market kept climbing up half a percent a day for the last two or three months it seemed, that was a pretty regular pattern. and then we'd slip back and sell more of the puts and it goes right back and the puts were all finishing out of the money this time around it doesn't seem like they will so to your point there's an awful lot of folks that are probably nervous about being put a lot of stock at higher prices because that's the obligation they took on but one thing i guess if you wanted to say hang your hat on something, brian volatility didn't jump nearly as much as it did with the first cases of omicron being reported just after thanksgiving.

i mean, volatility was up yesterday, but it only made it up to 22.5, and it pulled back from there and finished at 21 and change so this is not at all like what we saw before. that was because we didn't know what omicron was this time it seems like, well, some people got caught doing something they shouldn't do. same thing they do with cryptos, brian. when you have too many people leaning one way, they kind of give it a little bit of a push >> i think you're right, jon, doing this as long as i have, i don't think covid has anything to do with what's happening with the equity markets right now because you're seeing the divergence dow furttures are higher the idea if you're short an option and markets are going up -- last week was the best week for the s&p 500 since february, coming into strength, people short the market got called out without their clothes on, so that rate of decline goes

down but on a more macro level, do you feel maybe we are in a rotation we've talked about it for years, out tech, in big, boring companies. it's never worked out long term. at some point you wonder, will it actually matter longer term i don't know >> that will depend on whether it's bond vigilantes or the fed that gets the interest rates moving higher. because right now, it's just that taper it's not pushing interest rates really in a marketable or in a big way, brian but certainly there are some nervous folks there, and i was in new york yesterday, the lines for those testing sites, i was just walking by them, some of them told me it was three and four hours at those testing sites. and i haven't seen anything like that in any other city that i travel to. only new york. and i guess new york is unique

for a lot of things they'd rather not be unique for that. >> yeah. we saw it a little bit in miami as well. you think hopefully people just testing ahead of the holidays, meeting with loved ones. we'll find out how it plays out. to your point, the vix is not at 40 if the market was truly spooked we would see the vixx spiking. you mentioned it's up a couple of ticks but at least to me, tell us what you see, is not indicating some giant, irrational fear right now, it's 21.5, elevated a bit but not close to where it was a few weeks ago. >> yeah. that's exactly right and the market usually you do see those spikes and then it takes a while to work our way down in fact, it took that rally you mentioned last week to take it back down below 20 after that jump that saw it spike all the way up to 36 or so

so to see it go from 18.5 where it was a little over a day ago, to 21, 9%, 10% moves, those are big moves but it's coming off of a low base again this isn't showing us the sort of fear we'd expect if, indeed, they were going to keep hitting or hammering on these stocks, whether you use the vxn or the vix. >> yeah. what are you expecting, jon, headed into the new year here, volume tends to go down, but volatility could spike if people take off, whatever they may do what are you expecting after this quadruple witching today? what do you think happens headed into year end? >> i think some of the tax loss selling will accelerate a little bit, brian they no longer need that tea plus three, they can do it right

up until the end of the year so some of the names being sold off here i'm sure are people that were waiting, hoping they wouldn't have to take that hit in snow flake or take that hit in crowd strike, or whatever it might be, those high multiple stocks you're talking about, and instead they're sitting there, well, i guess i better take it now because if i want to book that loss, i can't buy it back for 30 days, wash sale rule, so i have to exit before the end of the year and then i can't buy back in january. that probably makes a lot of those stocks pretty attractive in january to my way of looking at it, brian. >> we're showing you snowflake, by the way shares down $75 in just the last three weeks. jon, it's great to have you on the program. i know it's early, brutal, we love you for it. you just do it, get it done. that's why we look it. have a great weekend >> thank you, brian.

you too, sir >> you're welcome. by the way, seeing about $100 billion in selling coming into equities headed into the year end coming up your big money movers including one shipping giant known as fed ex. as we head to break, closing arguments have begun in the former trial of elizabeth holmes in the three hour closing, the u.s. assistant attorney general saying holmes chose to deceive investors and clients calling that choice not only callus but criminal holmes' attorney challenged she was building a company not a criminal enterprise. a judge threw out a settlement with oxy maker purdue pharma, the settlement would have shielded the sackler family

from lawsuits. the judge said they did not have the authority to do that it could end the plan to reorganize and bankrupt purdue shares of affirm are down ago today after it was announced there was an investigation into the buy now, pay later business. we'll get you more headlines as we are seeing futures on technology stocks down bign oa friday morning we're back right after this. nurse mariyam sabo knows a moment this pure... ...demands a lotion this pure. new gold bond pure moisture lotion. 24-hour hydration. no parabens, dyes, or fragrances. gold bond. champion your skin.

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welcome back let's get a check on some of the stocks we need to check on this friday, fed ex jumping this quarter. higher shipping rates offsetting costs from higher labor rates. and announcing a stock buyback that stock up nearly 5%. on deck it's your exclusive weekly insider buying report, including a big bet on a company with the name of the buyer also in the corporate logo. can you figure that out? it's a big money trade as well we'll show you who it is if you haven't already, follow our podcast. you missed the show today, check it out apple, spotify, or any major podcasting apps. nasdaq futures down a bit, dow

up a touch we are back right after this

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time now for your weekly insider buying exclusive segment. where we highlight the top five stocks being bought by their c suite level executives with their own money. not stock buybacks these are insiders buying their own stocks thanks to insiderscore.com/veritysolutions we're counting you down five to one. the fifth most insider buying this week, thor industries the chair and former ceo with just over a $1 million buy of the rv maker shares, by the way, minus 19% this quarter this is the first buy in years so buying into weakness by this insider. stock number 4 is smartsheet smar the ticker. first time hearing about this, having never heard of it before

putting it together. a director there bought just over a million as well he was a seller last year, so this is a reversal of sentiment for him. stock three is centennial one, tugger symbol s, board member buying four times what he bought in the i.p.o so he's buying in strength and size in centennial one bought at the i.p.o. buying again with his higher money. they got the ticker of sears, s. stock two, this was your tease ford bill ford jr. buying up $8.5 million of ford, the single biggest buy of the stock that his great grandfather founded. insider score verity notes this. bill ford jr. recently exercised options at $20.5 million so including this, he has put about 29 million of his own

money into ford stock this month. and he's buying into strength. ford shares up 130% year-to-date so bill ford jr., his name is on the door literally, is buying a lot of stock in his own company as the price is at, what, 10 or whatever year highs. that is a name to watch. and stock number one with the most insider buying this week, axon, a $10 million buy by a board member that's the single biggest ever, they make taser, police officer body cams as well. insider score noting this board member has a very strong track record on buying and timing. so axon, $10 million insider buy by one buyer, a name to watch. there you go, your top five this week thor, the rv maker not the

marvel character smart sheet. sentinel one ford and axon. this will be the final insider buy of the year. we'll see you again for the segment in the new year. so happy trading by the way, these stocks overall, have outperformed the market in the last 12 months we try to call it opportunity fridays here on "worldwide exchange. try to bring you actionable ideas in the markets and one of our favorite guests is back with us. we talked about an often overlooked group of names. we talk about big caps, small caps we don't talk a lot about the mid caps joining us to do that is amy zang, named u.s. equity manager of the year by women in asset management award well deserved, congrats on that. good morning, let's get right to it you always bring these new names

we've never heard about. you make me work irk holdings this stock up 100 bucks in a year. you're still a believer, how come >> thank you, brian, for having me on again. always great to be on your show. yes, herk by way of background was a spinoff from hertz in 2016 and the rental is the third largest rental company what we like about it, it's really in the early stage of upcycle of a multi-year, you know, boost of u.s. construction. and on the recent infrastructure bill it's also very strong catalyst for herc. now we are in an inflationary environment so having pricing power is very important. we think herc will continue to

have, you know, strong pricing power and also the recent supply chain shortage will field that pricing power in terms of having strong demand but not enough supply but there's also a secular trend, you know, from ownership to renting because of better cost flexibility and, you know, be better utilization and in this market valuation is extremely important. herc still trades at significant discount to its larger peers, united rental and sunbelt. so we think it's going to be a catchup play and also in addition to its margin expansion so both eps growth, you know, surprise we think, and also multiple expansion >> watching herc holdings, it's

been on fire this year stock number two, we think -- we drive around our neighborhoods, amy and we see all these different landscaping businesses i never really thought of it as a national scale business, by your next pick is a play on that site one landscape supply, one of the only publicly traded companies in just the home landscaping industry you think that's going to provide a big runway for maybe even rollups or just bringing together what is a really highly fragmented market? >> yes, exactly. you know, site one is the largest and only nationwide distributor of landscape supplies it's a very simple story, it's just very -- it's a dominant player in a highly fragment market, like you said, they are four times bigger than the nearest competitor currently they have 13% market share in the 20 billion market

and we think, you know, so consolidation because they are industry consolidator and they're self-driven, which has been highly successful we think they can get to 40 to 50% market share in the next several years. and also very importantly they have very strong pricing power they're able to pass of their cost and, in fact, last quarter they had 15% price increase. so clearly that's a big, you know, positive in this environment. and so, we also think, you know, there's potential for margin expansion and so that's why we think it's still -- the stock is still very attractive at this level. >> and your final pick on this opportunity friday for us is -- i mean, it's kind of a boring old company, signature bank well known to people in the new york

area, we don't think about banks like this much they're not goldman sachs, j.p. morgan, but looking at your notes, i'm quoting you back to you, as i like to do because you're smarter than i am, $100 billion in added deposits, that's a lot of money. >> yeah. that's massive growth. that's from 40 billion in 2019 and in this rising interest rate environment that's a strong tailwind for eps growth because that deposit growth they have a lot of money in cash now so that can be put to work in this rising yield environment and will lead to, you know, very strong loan growth and we also -- so it's very asset sensitive in terms of eps potential for upside for eps and they also have a sort of a growth engine, a recent growth engine, launched in january 2019, which is a digital payment

platform that, you know, through that it's sort of a gated community for their clients that their clients can transact in u.s. dollar 24/7, real time. no fee mirroring the market so this is really a very, you know, early stage sort of optionality on the market. and the stock is very cheap. >> herc holding, site one supply, and bank happy holidays, happy new year, amy, we're talk to you on the other side of the calendar take care. >> thank you, brian. >> very welcome. opportunity friday big new names there, with insider buying and names galore for you that does it for us on "worldwide exchange. i will see you on thursday i'm headed to montana. i don't know where that is, but i'm going to go there. thanks for joining us, everybody. ekd.sqwkreat day and a good

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good morning, what a reversal the pullback in tech stocks yesterday and set to continue this morning after the nasdaq posted its worst day since september after a big day in the opposite way the prior session we'll show you what's moving right now. covid surge, new york city's positivity rate doubled in just three days and the cdc issued new guidance on vaccines dr. anthony fauci will join us live to weigh in fed ex shares are higher after better than expected earnings signs that the labor shortage i easing it's friday, decembe17