makers, tesla shares soaring once again, soaring is a little strong nikola is soaring, tesla is surging. rivian is down and lucid group also a $62 billion market value that will do it for us on "squawk on the street. "techcheck" starts now ♪ good thursday morning, welcome to "techcheck" i'm carl quintanilla with jon fortt and julia boorstin today major averages will try to make it three in a row on this holiday-shortened trading week s&p is less than half a percent from a record high but the nasdaq still trailing the broader markets since peaking on november 22nd

plus, ten cent giving away stake in jd.com. and then you can smell what the rock is cooking. how about what he's brewing. dwyane johnson will join us to talk about the streaming land skam, tequila and red notice. let's start with tech stock. the s&p back within 1% of all-time highs in a volatile month. within sectors, what's driving the snapback take a look at this chart. s&p 500 the middle the white line you can see the wide dispersion with fintech sectors. cloud, software and fintech still struggling those blue and green lines at the bottom of the chart off their lows but still underperforming by 15, 20, 30% over the last three months, carl you know, quite a lot of action there to set up '22. >> yep and again, it's been -- what a

week it's been for semiconductor news, julia. we have got all these short-term concerns on capacity, but we continue to get more and more information about long-term capacity additions, like, for example, from intel and variety of countries all over the world. but it's unlikely to have the kind of impact near term we need on supply chain. >> yeah. certainly, but if you just look more broadly at the performance the tech stocks this year versus 2020, it really looks so different. i mean, now this year obviously we're having a lot of divergence within the tech sector look back at 2020, fang plus tesla drove a huge percent of the market's growth. this year it's a lot more dispersed, jon. >> yeah. this sets up a big question i've got, joining us now with his top tech picks heading into the new year, dan niles. dan, always great to get your insight. so you don't have big expectations for the indexes

overall, particularly s&p in 2022 so, where do you go if you're an investor if the s&p 500 overall isn't going to be higher, it's weighted towards these big techs. if bonds aren't going to do well, what's your answer >> well, i think people underestimate the value of cash. and 99% of the time it's not what you want to be in, but if you look back at history and say, well, the fed looks like it's going to be a lot more aggressive than normal, you brought up the sectors that are actually bouncing and the ones that aren't, and the ones that aren't are the ones with high valuations, very little earnings and i think if you look at next year, that's really what's going to struggle. so, we have a basket of shorts, sort of in that space. we think the s&p is down next year we think bonds sell off as well and you can get a much better opportunity to buy a lot of the names you like a lot lower in the first part of next year when the fed finishes their tapering and starts hiking rates a lot

more aggressively than people think. so quite honestly right now we like cash a lot, but you know, beyond that, if you need to own stocks, i think growth at a reasonable -- like google, facebook that actually benefit a little bit from economic reopening, if you feel like you have to own stocks, those are the ones we would be in and we're short the ones that don't have any earnings and will be profitable ten years from now and that's how we're dealing with the portfolio we think downside risk is large. >> dan, cash, such a dirty word in a historic inflationary environment. is it really time to invoke the kenny rogers rule, right know when to hold them, when to fold them, when to walk away, when to run. your expectation is closer to mid year bargains will start to reappear >> well, i think, you know, you're right carbon inflationary environment is definitely dirty word

but back to your kenny roger's analogy, right, you had a pandemic -- global pandemic start last year. you made 16% in the stock market you had that continue this year. you're up another 26% in the stock market the average compounded return for the s&p since inception is 6% so, you either think a global pandemic is really great for the world, three times better than normal, or it's the fed and every other central bank on the planet plus all the fiscal stimulus, the 5.5 trillion you've got in the u.s. over five packages or so that's driving this and driving multiples to all-time record highs. and so i think back to kenny rogers, you have to fold them right now, though you don't want to and sary, you know what, these high multiple stocks we're short for example, this changes everyday given how volatile they are, the ev makers that have just come public, one trading at

28 times revenues. you could buy tesla at 14 times revenues or you could own gm like we do at 0.6 times revenues and so, i think you need to be very careful of owning something trading at 28 times sales that will be profitable five to ten years from now where you got a lot of work to do to get that production up. you can say that about a lot of high growth tech stocks going forward. >> so, dan, let's talk about some other stocks you would pick right now for those investors who do want to be long stocks. other than gm, what are some names you would snengs. >> well, as i brought up before, if you look at google, google actually benefits as kmis reopen 10 to 15% of their revenues is in travel, it's in leisure, airlines, hotels, all that stuff. where we cancelled our vacation plans for the holidays with the omicron variants others

have as well we like facebook a lot the new buzz word is the metaverse. facebook, you can buy at a market multiple at about 21 times earnings and your profit forecast for next year is just 3% i would be stunned if it was just 3%. and the reason it's so low is they plan on investing a lot of money in the metaverse so, you know, if that really starts to take off next year, you can buy this company at a market multiple where i think there's a lot of upside and they've got monetization opportunities and other sectors as well. i think value stocks in general, you brought up the beat up sectors. we would look at more of the value beat up sector is the way i would look at it and things that -- back to what jon said, dirty words, look at things in media. look at things in telecom services that's where we're looking more

where you've got 10 p.e.s, stocks that people hate, but you go, you know, there's some reasons to believe they could improve next year with consolidation, more focus on profitability, et cetera you know, some of the gaming sectors also worth taking a look at where you've got solid earnings in the video game space, where some of the names have gotten hit really hard. so that's kind of where we're hunting for beaten up names, not in the no-earnings names. >> dan, that said, facebook and google aren't exactly big yield or dividend plays. what would it take to push you in search of names that are more in the deep value basket >> oh, i probably wasn't clear enough that's exactly what we're doing. i mean, we were in some of this t telecom services stuff earlier or recently. we are looking at some of those. the one thing you have to remember, though, is that we

believe ten-year treasuries will go from 1.45% to well over 2% in the first quarter of next year as this inflation just hangs around because it's more persistent and so, in that environment, the dividend stuff i'm not as sure about if that's going to hold in as well especially if the ten year really starts to go up quite rapidly. but, you know, again, those dividend payers are generally more value oriented stocks so that's kind of where we're doing a lot of prospecting a lot of those names are down for the year with the overall market up 25, 26%. so, i think to your point, i think that's where investors should be looking, not high valuation, for example. >> finally, dan, to what degree is m & a playing into your strategy heading into '22? we see oracle making the move. we've seen other things trying

to take shape. it looks like there's consolidation that wants to happen in certain areas, certainly within tech. so is that part of how you look at opportunities there it could have a positive impact on certain of those growth names that you still want to stay away from >> i think you're exactly right, jon. in a normal environment, we would think next year you should see a lot of consolidation you have massive growth surge with a lot of pandemic beneficiaries doing well now, as that give back has happened, a lot of those stocks are just getting absolutely crushed on the way down. so you normally think there's going to be a lot more mna next year as the names start to combine. the problem right now, as you know, current administration we have thinks big is bad so anybody that wants to merge, they're pretty much against. and they're trying to break up mergers that happen in the past. so, yes, i do think you're going to see a lot of deals. the question is going to be how

many of those actually make it to the finish line between the u.s. administration plus the conflicts we have with china which has to approve most of the deals in the big cap side that would likely happen. so, it's not a big part of our thesis quite honestly for those reasons though we think there are a lot of deals that will be masked. >> dan, we like to talk to you about apple. it's a topic we discussed many times over the years curious what you think of apple, it is up 33% year to date. >> you know, that stock continues to do well people always find reason to like it. you can buy it at a 30 multiple. for the metaverse. i refer to earn meta 21 times for the met va verse and the expectations a lot lower this is my big concern with pcs and smart phones in general. if you think about what happened during the pandemic, people went out, bought pcs, smart phones, video games, streaming services, e-commerce stuff

you've seen amazon, netflix give back on streaming and disney supposed to be the other big winner give back on streaming, you've seen peloton get hit, docusign looked fine until they reported and the stock was down 40%. smart phone units were down -- pc units were down six out of seven years in a row before the pandemic and took off up over 30%. at some point next year you'll see that go back to normal smart phones it's a similar situation where apple's revenues from 2015 to 2020 in smart phones was down 11%. it was down five out of six quarters before covid. smart phone revenues were up 66%. so, at some point i think you're going to see pcs and smart phones this next year go through what every other big cap beneficiary from the pandemic went through and start

normalizing and that's why for me i rather play facebook for the metaverse and some of the things people are trying to construct a case around apple for. or google. they've got much better growth, much lower multiples to me, you want to be way more defensive as opposed to counting on multiples don't to expand for names such as apple. >> facebook for the metaverse, i see you, dan thank you. >> thanks. turning now to a couple of chinese names. jd.com taking after tencent says it will gi away most of its shake through shareholders through one time dividend. it's a tough year if you're an investor in this space kweb is down 50% the give away comes as the chinese government continues to crack down on large tech companies worrying about monopolies and growing market

influence. maybe tencent trying to get ahead of investigation here. now, it does also hold positions in pinduoduo and all of this comes as intel apologizes for telling suppliers to not source products or labor from the xinjiang region. this is such an about face for intel. what does this say to you about this company being caught between beijing and washington, d.c. >> i'm not sure i would call it an about face exactly. the apology was for the problems that they caused their suppliers by making the statement. they did say the statement was just reflecting what other countries have said about the situation in china intel saying they understand that it's controversial within china, carl. as far as apologies go, this is that sort of apology if a friend made it to you, you might raise your eye brow and say you're no

really apology intel getting criticism within china losing perhaps sponsorship there and from outside china for seeming to apologize at all. >> yep definitely we're beginning to see this pattern, guys, where companies speak out and maybe not intentionally in some ways but then eventually have to tiptoe around it by the way, the law itself was just signed into legislation the president signing it, banning imports from the xinjiang region over concerned about forced labor intel has plenty of company on that front. still to come this morning, guys, dwayne "the rock" johnson will join us and talk about streaming, going to talk about theaters, going to talk about tequila, maybe not necessarily in that order. "techcheck" is just getting started. ♪

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where's mom? she said she would be home in time for the show. don't worry, sweetie. she promised she'd be here for it. ooh! nice shot! thanks! glad we have xfinity, with wifi speed faster than a gig! me too! woah, look! mom is on tv! she's amazing! (cheers) xfinity brought us together, after all! power your whole home this holiday with wifi speeds faster than a gig. click, call, or visit a store today. sing 2 ♪ welcome back might be some turbulence ahead for amazon's cloud business. report out yesterday from bloomberg says ftc chair is reignited year's old probe into

aws. investigators had been in touch with various companies in recent months to obtain information on the competitive playing field for amazon web services. the news not moving the stock much, still closed in the green yesterday but amazon's up just 5% on the year lowest performing faang name for 2021 can they both be monopolies in enterprise tech and the cloud, maybe not, julia >> we shall see, jon now turning now to the travel tech sector the search platform trivago delivering dire numbers down 10%. the omicron variant decreasing cancellations to 35% overall traffic christmas travel growing just 4% since the variant was discovered compared to 33% over the last same time last year. joining us now is ceo axle heifer thank you so much for joining us such a confusing time in terms

of the headlines, the news seems different everyday how much are you seeing day to day changes? what are you seeing today? >> it's not really changing day to day, to be honest what we see since the omicron variant has come up that there's more uncertainty and travelers are not as certain whether they can travel and whether they can return safely. and in particular, in europe a lot of countries have reimposed quarantine restrictions, travel restrictions which is hurting predominantly international travel >> and so what in terms -- what are the trends you're seeing here in the u.s. it seems like a limit to international travel any other trends are people starting to book further out if they're not confident making plans for right now? >> yeah. for the next summer it is a bit early, at least where we usually see on our platform. the focus is still on christmas. and we do see softer christmas business compared to normal

behavior but it's still relatively speaking stable and i guess one of the differences between the u.s. and europe is that the share of domestic travel is significantly greater. in particular obviously for the christmas season >> axle, how long is the window of visibility? in other words, are consumers making a bit of a gamble booking say three to six months out that by then some of this wave is through international restrictions lighten up and they can, say, do something that's not domestic >> we don't really see that on our platform, but we tend to be in shorter booking windows so more three months ahead. i do think, though, we will have significant disturbance of the international travel market at least for the next couple of months and that we'll only see more normal pattern in early spring or early summer. >> axle, you talked about the

pattern of more domestic travel, domestic vacation, maybe discovering some spots that people weren't used to frequenting before is it -- has there been enough time that you can see whether people are reverting back to those earlier pandemic patterns or not what do you see in the data so far? >> it's really like a roller coaster to be honest i mean, in summer we've seen much, much more normal behavior with some skewed towards more beach and mountain destinations. but international actually picked up quite a bit. and now with more uncertainty coming back, there is again a move to domestic and i think they will revert again when we enter summer early next year. >> so, with all the data you have right now and the trends you saw last year, how doyou predict next year looking? and do you think that we're going to see people booking longer trips where they maybe sort of have a longer stay somewhere if they think they're

going to be working remotely perhaps the next couple months >> yeah, i do think that next year will actually be a lot more normal compared to this year and the reason being that both consumers travelers but also governments will hopefully by next year get used to the new pattern which seems to be the new normal that international travel will be possible very easily during summer months with hardly any travel restrictions in the northern hemisphere and that new variants put some risk on more complicated trips and more exotic trips over the winter months. and with some change in behavior and some change in destinations by the time of the year, i do think that we'll see almost normal market starting really may/june >> well, i hope we do have an almost normal market for many reasons, axel. thank you so much for joining us and happy holidays to you. >> thank you

to you, too. ♪ shares of nick cola urging the company announcing it has delivered its first electric truck, promising there's more to come first customer, by the way, logistic provider total transportation services. 20% gain on that. plus, another electric name, dwayne johnson is live after the break. we're back in two.

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welcome back to "techcheck" i'm carl quintanilla with jon fortt and julia boorstin in a moment we're going to talk to dwayne johnson about his media, consumer brands, obviously the box office great interview with d.j we can't wait for that. a news update in the meantime with rahel solomon. >> good morning, carl. here is what's happening at this hour a key index of consumer prices is up 5.7% over the last year. that is the fastest-pace of 39 years through november consumer spending was up .6% keeping pace

with inflation meanwhile, weekly jobless claims are unchanged near record low levels suggesting that the spread of omicron has not triggered a wave of layoffs. new home sales shot up in november but only because october sales were revised sharply lower. the annual sales rate was slightly below estimates media and sale prices for new homes continue to surge up 19% to nearly $417,000 shares of croc stumbling the stock is down 15%. the company says it is paying $2.5 billion for heydude croc shares are down 30% over the last six weeks. the consumer electronics show says that the vast majority of companies still plan on coming to the event next month officials say that only 7% of vendors have pulled out, but that 7% also includes show highlights like metta, amazon and at&t you're now up to date. jon, back to you. >> thank you looks like a few holes in crocs

stock, at least for now. meanwhile, mkm playing its own version of what if offering up a list of high impact low probability predictions for 2022 this morning, including twitter and pinterest leaving public markets if the stocks remain under pressure doordash acquiring insta cart as the delivery giant moves further into grocery and 15-minute convenience. snapchat and tiktok beefing up their content offering by buying up movie or gaming studios julia, but one of my favorites just for fun on this admittedly out there list is google i guess i should say alphabet taking youtube public. what are the chances >> well, i think that the question is if they were going to take you to public, why wouldn't they have done it already? obviously there's so much value there and something that analysts talk a lot unlocking that value my question is, you know, they're talking about twitter and pinterest, i have talked a lot of people about how pinterest in particular would be an acquisition target but who would be the potential buyers for pinterest or twitter at this

point? it seems like pinterest might be easier to buy than twitter what do you think, carl? >> yeah. i think -- well, look at the chart. remarkable chart on both fronts, jon. it's funny, we get a lot of black swan lists at the end of every year and normally we politely nod and laugh about it, but i would argue the last couple of years show that black swan lists maybe the swans are more gray than black. >> yeah. or maybe, hey, black swans show up to the party more often than you might want to admit, julia, especially in these times that we're in >> yeah. always fun to look at these predictions. i do think that one of the predictions was that the tech giants were not going to have to pay any fines. i think we will see some fines being levied whether it's by the eu or some of the u.s. regulators meanwhile, if you just tuned in and somehow missed it, dwayne johnson is coming up you don't want to miss it. stay with us ♪

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(soft music) hey dad, i'm about to leave. don't forget your hat . good morning. how can i help? i need help connecting with my students. behind every last minute save, ok, that works. and holiday surprise, thank you! a customer service rep is working unseen, making it happen. and at genesys, we're proud to help them help you everyday. ♪ he is the star of the netflix smash "red notice" founder of multiple successful consumer brands and of course one of the most electrifying names in entertainment, here with us exclusively this

morning, dwayne johnson, actor, producer, found of tequila and zoa energy we can't think of a better way to wind up our week than chat with you how have you been, man >> thank you for having me on. i appreciate it. after that really electrifying intro, i don't know where else we go from here. good luck to both of us. >> we're going to get through it actually i was going to start with your film and tv work, but i don't see how we cannot talk about your tequila brand first because 600,000 cases sold is pretty much unprecedented in the spirits business i just wonder, we talked about it earlier in the year, as the year wraps up, what kind of reflections do you have about that brand and what it says about your interest in consumer goods? >> you know, carl, thank you for bringing that up it's a good way to start the interview. our success and our growth with our tequila, as you said, is truly unprecedented.

we have the numbers were reported this past week that we have sold over 600,000 9 liter cases. and i think the growth speaks to the connection with the consumer, the story telling behind the product, the trust and equity i think that they have that i've been able and very lucky enough to build over the years through the other businesses that i have, but this one in particular is special as you know, we have talked about this tequila in the past the goal was to create a true tequila of the people. and we have certainly done that. i have been really, really grateful, especially as we close out 2021 as we know it's brought a lot of good and not so good and everything in between and very challenging year but also i like ending the year on an uptick for our audience, i like to contextualize that math of what 600,000 of 9 liter cases means george clooney sold his as we know was a big splashy

acquisition for about a billion dollars, they were running at about 160 to 170,000 9 liter cases less than two years we're closing out this year at 600,000. so, i'm not very good with math, but the extrapolation of that math and valuation is pretty impressive it's really truly is, carl oh, i will say this, carl, i would be remiss to say, you know, now that we're live, i do want to say that i got some great news, and exciting news. as of midnight yesterday, we have teremana tequila closed a ground breaking deal so we're very excited about that and it's very motivating and now it's going to be a very merry christmas for our teremana

investors and lean into the brand of teremana and build it out to an international tequila brand. >> wow congratulations on that. >> thank you >> that's big news zoa energy continues to be a big story as well, one of the fastest growing names in energy. you know, it's funny, we cover a lot of technology on this hour, d.j., and we always end up talking about celebrities that are trying to find the next big innovation in tech or something in crypto or something in web3 you clearly have centered in on the consumer i wonder is that because you've looked at other deals in past in technology or do you just see just huge tail winds in this particular business? >> i see tail winds. i think i see velocity but also, carl, this goes way back i think before the hollywood industry i came from a world of very wild world of professional wrestling, but you know, at its core in

pro-wrestling, the key element, the key discipline there for me and my business partner dana garcia who was with me back then at that time when we were together, it all goes down and distills down to always serving, serving, serving the customer and really taking care of the people and always sending them home happy it's a great question you ask. when you look back now at -- when you look back at the history and the consumer products that we have continued to build in these companies we continue to build out, the thread is always taking care of the people and going to the consumer >> fascinating and we're going to keep our eye on your, on that front as for "red notice" the number one most watched movie in the world, record-breaking views in netflix, top ten in 94 countries. we talked a lot this year about distribution models, streaming versus theatrical, the

relationship between studios and exhibiters do you think as we move into '22 that hollywood is beginning to refine its formula of how the consumer is going to view content? >> it's a great question, carl and i do without any uncertain terms i do believe that hollywood continues to refine and at the end of the day we in hollywood have no choice because ultimately as i always like to say our number one boss is always consumer and the audience and the people. they are going to let us know how they want to consume the con te tent, how, when and to what degree i do feel we're in just a really phenomenal inflection point of opportunity in hollywood to be prudent and listen and learn i believe in the theatrical experience it's how we grew up enjoying these movies

they're still very big business. for example, spiderman is proving that i think we'll have a healthy and robust christmas weekend with the offerings between spiderman and sing 2 and matrix, et cetera and of course you can watch red notice on netflix, but i do believe in the theatrical experience i don't believe it's going to go away, but i also believe strongly in the streaming experience and what an obviously -- and we're finding this across the board in all the businesses around the world is what covid has done is really accelerated any process and it's certainly done that in hollywood. man, it's an exciting time to be, i think, for us in hollywood because consumers still want to consume the content. we get to have the privilege of creating it in streaming now "red notice" was made for 7 buck productions we got lucky, worked hard and raised the bar and changed the paradigm and we had some great

record-breaking success. but i will also say it's been a year of learning and some success, too, as well in the world of streaming for us as a company with seven bucks, great disney partners, we launched "jungle cruise" at the same time, the thee atrically as well as on streaming we found success in both. so the models -- there's multiple models here i think that work. we proved that with "jungle cruise" and disney we made the announcement we will come back with a sequel. we listen, learn and strategize and move forward and kick ass as you and i like to say. >> yeah. julia here it's so interesting covering the media industry and hearing so much about how there's so few stars like you who can launch a massive franchise or extend the life of a franchise. i believe you have 283 million followers on instagram and i'm curious if you think as you look back at your ability to really

extend the life of these franchises whether it's fast or jum jumanji, do you think we're entering a new phrase where there are real franchises in the streaming world, which is something we haven't really seen yet? >> that's a great question, julia. it's a smart question. and i do believe that. and again i think we are in a position where as we're listening, as we're learning and as we are running our own analysis and evaluations and all that fun stuff, at the end of the day, it all comes down to the creation and we are trying to do exactly what you just said with "red notice" trying to build out a universe and build out a franchise but i do believe you are going to find that from what i gather and take away from our partnerships with these streamers, my next -- our next seven bucks movie will be with amazon it's called "red one" our goal with "red one" is to build out a franchise as well that was born and bred out of amazon. and the same thing applies for a lot of the other businesses

we're doing with streaming so i do believe you're going to find franchises that are created and born and bred out of streamers but also the traditional way, too, as well that are born out of the theatrical experience. >> dwayne, jon fortt, great to talk to you. i want to take a left turn here and ask about desecration, defamation, music, face off the tech nine song released this fall you have a verse at the end, my understanding is originally the plan wasn't for you to have a verse but you took the risk. you did it it's kind of gone viral. and you had the very smart kind of hip hop legacy name drop of teremana at the end, you can hear you drinking. what's the marketing impact, messaging impact for a brand of music right now versus all the other things that you're doing did you see any kind of pickup in lift off ofthat song especially as it went viral?

>> no doubt. we were -- we had some sales to our backs going into q4 with teremana and the song face-off, i'm very impressed it's about power, drive, we stay hunger, we devour that was a privilege, jon. we had some wind on our backs but we saw a great uptick from that but also i think you know, that's always i think the fascinating convergence when you converge music and either music and tech, music and product, music and film, television, whatever it is and you getthe right song paired with the right product and boom, you can be on a rocket ship. that one in particular -- and i think the -- so you're right those guys are captains of the industry in terms of their rapping abilities. i was very lucky enough that -- first of all tech nine asked me

to bat cleanup there on that one and i was very fortunate to come in but i got to tell you, we did see great upticks in the business and also you know, again, every once in a while when the convergence happens and it has this electrifying sense to it as that song face-off did because i think the -- i'm not quite too sure, jon, how high the bar was set with me coming in being a hip hop rapper -- >> it was pretty high. it was pretty high i will tell you, give you credit, you made me look cool for my 13-year-old because i showed it to him first and then it became a meme so he was like, oh, my dad showed me this song. but it was your energy on the song i think even though everybody else was rapping fast, your energy made it a meme. >> well, i appreciate it you know, with something like that, it's really the opportunity to go in and, you know as they say in culture, you have to attack the verse and you have to attack so that -- this idea of attacking things has been in my

dna for a little while now so, i was able to attack it. we have a lot of fun but when you do bring up teremana, that's the tricky thing, you want to find a balance between smartly and wisely integrating your brand into a song or into whatever the story telling is so it doesn't ever feel sweaty and feels authentic. so the reason why that felt authentic because it was i attacked the verse, i did it in one take i had a bottle of teremana with me and took a big swig before and a big swig after. >> hey, d.j., finally, you know, this is an investing audience. some might be wondering, will there be a time where you're going to take your brand equity and sort of tap public markets i don't know if you want to comment on that today or just give us a sense of what you have in store for '22 >> sure. well, there's two parts to that. i'm always happy to comment on that

you know, we have been discussing that and there's been conversations swirling around that and these are great conversations to have. you know, things where many, many moons ago i started my career with seven bucks in my pocket, literally. and it wasn't seven. it was a five dollar bill and one and change and i rounded up and i was optimistic with my numbers. i had seven bucks in my pocket to now possibly a public event with one of these companies. we're talking about it we'll consider and it see. but as far as for 2022, i'm excited about 2022 i think we have some great partnerships, some great alignments, we have in the world of movies we have "black adam" coming up on, we have "super pets" scoming out i have a new venture coming out. it could be quite possibly my biggest one yet. we've been working for years on that one one thing, too there's a lot of sports fans here watching and with you guys, too, as well, we

are a little over one year away from launching our xfl that is our professional football brand with our chairwoman danny garcia and other partner from red bird capital. and we should maybe within the next month or maybe two months going to be announcing our broadcast partners very excited about and new teams, new cities and very excited about that. again, as a former player myself, what an opportunity it is to create an opportunity for other players to live out their dream and take care of their families so excited about that. so bring on 2022 >> let's do it, d.j. and we always are so grateful for your time. you got everybody's attention as always have a great holiday thanks so much. >> thank you, guys merry christmas. merry christmas. and moving on, deutsche adding a few names to its fresh money

list for 2022. "techcheck" is back after this ♪

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at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. ♪ ♪ >> let's get a gut check on peloton. it's no secret that the stock is having a tough year, down 75%, but it is in the green today up about 1.5% citi didn't slash its price target to $38 per share, maintaining a neutral rating

the firm updating its model following peloton's billion dollar equity raise in november. plus citi noting that the street has turned more cautious with the lowest number of buy ratings on the stock since it went public though there are still only two sell ratings of the 31 analysts covering peloton we'll be bk ghafr isacrit teth what is... an overpass? come on! question, is that an “s” or a “5”? think it's a 5... i thought so. argh! frustration...loading. [sfx: laser sounds] nobody wants more robot tests. but we could all use more ways to save. chai latte, for “rob ott.” for “rob ott.” error human. [sfx: laser sounds]

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so why is the impact of 5g so much greater than the generations before it? >> it's a technology that will enable everything and everybody to be intelligently connected to the cloud 100% of the time, and i believe that the next wave of innovation and growth will be from all of the connected devices. they'll be part of the connected intelligent edge this is where wireless connectivity, efficient computing and distributed artificial intelligence will power the devices and experience that will fuel the cloud economy in our digital futures what opportunities are there for qualcomm in this moment? >> our technology leadership across connectivity, low power computes, a.i., is really increasing qualcomm's relevance across every industry resulting in increased demand for products and technologies this is one of the largest

opportunities we have had in our history. definitely something that's going to touch every industry and excited to see what you do with it, cristiano, thank you for your time. >> thank you for having me, jessica.

today's day three of our metaverse series here on "tech check. we wanted to take a look at the different ways you can invest in the building blocks and the infrastructure of the metaverse including the chips that will power virtual experiences. bernstein points to the potential for nvidia, the world's largest graphics and a.i. chipmaker and qualcomm with its snapdragon xr platform that can connect virtual and physical spaces bernstein does have an outperform rating on both those stocks for vr to work the network needs to be fast so 5g is key. t-mobile, verizon and at&t's investments in spectrum and those investments are expected to pay off goldman sachs also highlights the original players, meta platforms formerly known as face g facebook and roblox exposed to

the metaverse theme. metaverse kathy hochul tells us to look for those giants and other tech giants to make acquisition of cutting edge vr start-ups next year. goldman also forecast that meta platforms will invest about 5% of the market cap over the next three years and those are $39 billion in this new metaverse technology if you want broad exposure to the theme there are etfs like this one called meta, not to be confused with the company previously known as facebook it includes 44 stocks with exposure including those that i already mentioned here guys, companies seem really eager to share exposure to the metaverse. there are a record 449 mentions of the metaverse in third-quarter calls and that was 100 in the prior quarter, john >> yeah, and the call to some extent, this is a free wave of marketing that mark zuckerberg in particular helped create, so

why not ride it, but investors with julia's help are going to be able to decide what is investable and what is not >> yeah. we'll watch the application, the platforms i'm sure, all through 2022 guys and everybody, have a great long weekend we'll see you monday let's get to frank holland and the half. >> thanks, carl. happy holidays to the whole "tech check" family. i am frank holland in for scott wapner this hour, the march for new highs and we will debate your next money moves with who else the investment committee joining me for the hour are brenda vifrjel on, jip jim lebenthal, jon najarian, co-founder of rebellion.com. they touched the 36,000 level of early trading and the nasdaq erased all of it