to 53% high other than a year over year basis for -- >> hyundais 48%. >> they're saying now if your car is coming off lease, now is the time to do what they tell you never to do. buy it flip it for $5,000 more. there you go. >> crazy right now dom, thank you dom chu, thanks for watching >> "closing bell" starts now. welcome to "closing bell." i'm sara eisen in the green for wall street building on solid gains for the week actually s&p having best day of the month. nasdaq outperforming nearly 2% heading into the close. >> i'm melissa lee look what's driving action making optimistic comments for cnbc about inflation, hopeful about decline through spring and summer bond yields meantime lower

supporting the tech sector a big boost for solar stocks lifting tech and earnings driving the conversation, of course chipotle jumping on results. 59 minutes to go in the session. coming up on today's show, analysts too, late to get in on solar stocks following the explosive move higher today for this company and disney a big hour of earnings after the bell. first interview with the ceo. look at the big stories watching mike santilli joining with his outlook, start us off mike every sector in the green. a change led by communication service. mega caps working. >> last two days, sara, market locking into gear. talked about decent size of demand kicking in. today did release higher the net effect interestingly is

s&p 500 sitting almost exactly at a one-week high last wednesday closed just below 4600 i think 4595, thereabouts. also a trap door level from january 19th and 20th after the 5% pullback deepened into that concentrate the sell-off kind of an interesting spot to go in. a neutral place when going into the cpi number tomorrow or the market suggesting spent a lot of time and effort repricing bonds and everything else for an aggressive fed chikal and cpi didn't have as much market moving fopotential? we'll see. and across the world emerging markets outperforming s&p 500 on a year to date basis as well as developed markets overseas a bit of a switch. years of u.s. out performance. does suggest at least faintly that the fed is not seen as undermines emerging markets

recovery currencies rallies nicely. in that positive category and asterisk here. u.s. utperformed largely because of massive faang-like stocks and they're under performers this year accounts for some of that difference getting disney earnings after the close. looks like the market is saying, hey, do we have profitless prosperity in entertainment and streaming here see what happened here to netflix, viacom as well as disney over the course of last six months compared to the overall market all struggling at this point obviously disney is a lot more than just the streaming business a lot more than just film entertainment. have to see how the market takes this idea that maybe there's a bit of maturity getting into the video streaming world. >> down for the year down last year mike, show the home builder, if we could a group that is so interest-rate sensitive. makes sense. rates go up, higher mortgage rates, versus the housing market the gripe almost went down 20%

from highs and stabilized and firming up up 2%. is it a sign yields peeked at least worries about them peaked? >> short term, that's pretty fair a great ten-year treasury option today. showing there are buyers of ten-year paper below 2%, but, yes. mentioned pullback 20% look raley -- really cheap worth noting not broken down. sort of holding up with those levels extend back to most of this year. right here you know, basically preventing that breakdown below that first quarter 2021 level. >> mike, thank you see you soon. inflation certainly top of mind with january cpi data due our tomorrow morning this week top leaders and executiving striking an optimistic tone. >> inflation not get much worse

and hoping transsblit a slow decline moving through the spring into the summer giving me comfort we're really headed in the right direction. >> good news is the new inflation peak we're seeing is primarily around materials i think the new inflation up that we've seen personally is much more transitory in nature. >> inflationary environment we know we have room to take price and other levers to pull in order to manage the pressure on inflation. >> we believe we saw plenty of pricing power to use at our discretion and we'll use it when we need to, but actually i prefer to keep our value proposition as strong as possible >> let's bring in sebastian paige head of global multidivision at t. rowe price what is the playbook around inflation? >> look, a lot that's priced in. you just heard commentators talk

down inflation the forecast for tomorrow is 7.3. we're looking at two opposing forces with inflation. you just talked autos. energy i call covid distortions those are working themselves out. you can't get autos go up another 40%, 50% or energy go up another 40%, 50%, but then you have stickier inflation rearing its head in a i that is wage pressures and rent. tomorrow's numbers interesting from that perspective. >> take that thesy and extrapolate what it means for fed policy action and what is or not priced into the market already? >> you have at least five hikes now priced in. some are discussing possibility of 50 basis point hike i think that ultimately look 12 months out, which we tend to do

as asset allocator the direction of rates is higher for us it means we're positioned long value stocks and, look, the fed has said they will be flexible, and it was initially interpreted flexible -- give themselves room to hike more, and be more aggressive, but it could also mean that the fed being flexible are ready to step back in the economy slows down more than expected. >> sebastien what is aggressive defense? once upon a time a large cap growth stock was aggressive defense and you're saying that's not going to be the case in 2022 >> yeah. i think we're seeing this year to date. now's the time to redefine defense. right? we all thought large mega cap growth stocks helps play defense in the portfolio that hasn't been the case year to date. spart the inflation picture and rising rates plus when i say playing aggressive defense, overall the

market is pricing in a lot of valuations that are high corporate margins pretty high and wee withdrawing liquidity. on the margin reduced stocks allocation, in the by much rewee main diversified but playing defense but aggressive defense because under the hood we're actually long what we consider an underprice recovery trade. that includes value stocks and small cap stocks, for example. >> all in the allocation what do you increase wading towards decreasing slow to stop? >> sell out of stocks, these days we don't really like investment grade bonds we prefer a little bit of cash, and also bank loans. bank loans are interesting an asset class that really is asset class of choice when rates rise historically. actually made money 22 out of the last 23 years. it has relatively low default rates right now.

and it gives you a yield of 4%, 5% similar to high yield bond with much less interest rate sensitivity and in fact a negative correlation with treasuries of minus 30%. where, again, around the theme of aggressive defense. >> sebastien, thank you. appreciate it. sebastien paige of t. rowe price. a huge afternoon of earnings, results from disney, uber marx tel and more and disney ceo inview, and after the break a big step towards prohibiting members of congress from trading stocks. speak with an expert who tracks the names of lawmakers buying and selling. you're watching "closing bell" on cnbc. we're hoping things will pick up by q3. yeah...uhhh... [children laughing] doug? [ding] never settle with power e*trade. it has easy-to-use tools and some of the lowest prices.

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over 250 nasdaq positive for the month. lawmakers a sfep towards banning members of congress from trading stocks ehave the latest from washington >> sara, one of the most vocal is democratic senator jon ossoff who spoke to reporters a bit ago part of the working group in the senate trying to come up with a unified proposal taking suggestion from colleagues this week and hopes to have the text of a bill ready soon. >> bottom line we've come a long way in a month from this being call add fool's around to now top of the legislative agenda and should be able to hammer this out without spending too much time agonizing over it.

this is not a highly complex area of law. >> one of the open questions whether spouses would be covered by new rules in addition to lawmakers. could pose problems for people like house speaker nancy pelosi whose husband is an active investor notably dodged that question when she was asked it earlier today. back to you. >> elon,ylan mui, thank you. and capital trades provide insight on congressional data and tracking by u.s. politicians. thanks for joining us. what's so interesting about the site you have traded as late as yesterday. how do you get this data and why did you decide this is a good idea to public publish? >> -- we have found out that this is very important to convey to the public, yes, represented in a way that is easily readable for the public, and given our

expertise, 15 years expertise insider transaction data decided to step in with our knowledge and give it to the public in a more -- >> you can sort by specific politician names, sort by party, sort by company that they trade. all of these data points are interesting. what do you see from the mosaic off the data interesting trends in terms how active congressmen are, congress peeple ar people are and what they trade >> some politicians are very, very heavy traders trade almost 3,000 trades per year sometimes and some trade just three to four trades per year but what we also see interesting there are different patterns if you look at democrats, for instance republicans, for example republicans trade 60x more energy stocks in 2021. and democrats trade 2x more in

the '19. a difference something we're observing. >> are they any good are they good investors? i wonder, criticism is they are privy to information, the public is not tlmp should, not be allowed. has that worked for them >> we've observed performance measures, report on the web and multiple efforts in our view and we think these performance measures are slightly exaggerated we do not any they significantly do better that the markets nor worse. they are like any other investor some do well and others do not do as good as the market for even worse sometimes. >> some in particular, though, very good? do you see them make a trade and think, oh, i'm going to watch that stock because this spurn buying it and they have a good track record?

>> well, we get reports of trades it's strong assumption, and these trades get delayed sometimes. we don't know. don't understand exactly when the politician traded. a report in the window that they most of the time exceed sometimes. you do not know when they actually traded. right away if there's a date on that and don't know the position, yes or no hard to accurately measure performance on an individual level. >> most favorite congressional stock? is there one >> can you repeat? >> what's the most favorite stock that members of congress own? >> microsoft what we've observed over the last year and favorite, favorites are the bank stocks. for republicans more energy stocks. >> not unlike the general investing public very interesting thank you for joining us

we have just about 43 minutes left to go before the bell look at the market nice rally on our hands building or yesterday's gains every sector positive. technology, though, is strong today. nasdaq up 1.5% as i said now up for the month small caps also up 1.5%. up next, alibaba making a comeback as well today after banks squash add rumor from earlier in the week. plus prescription for tension? tell you about the looming battle over chinese-developed rugging in the u.s. as we head to break check out today's top searched tickers on cnbc. ten-year yield on top. coming down alleviating pressure followed by meta seeing a bounce after a 30% flight in earnings peloton also gniaing cvs and tesla. the dow at 236 not too far from session highs, about 361. we'll be right back.

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go check out shares of alibaba. softbank dismissing a rumor selling shares company saying no link between a recent regulatory filing alibaba made and specific plan to sell down its stake in that company last week alibaba filed to register and additional 1 billion american depository shares creating speculation softbank was getting ready to sell some or all stakes. both doing well. down 50% or more over the last year and still worried about the chinese economy and earnings coming a built of an overhang. >> good day in general for chinese internet stocks and risk-on assets here. >> true. potential battle surrounding chinese developed drugging sold in the u.s we have that story meg? >> reporter: hey, melissa. all kind of centers on one drug coming up in front of the fda in

a panel tomorrow by eli lilly and chinese partner inohvant a pd one inhibitor same as merck's and massive drug users for lung cancer, melanoma and many other carnes. meeting tomorrow to discuss this application. fda signalled it is not a fan of this drug. notes in its briefing trials one exclusively in china now all kinds of questions over whether the fda will accept data from trials run exclusively or mainly in other countries, china in particular. stat news and "wall street journal" both out with stories about this talking with the fda's head oncology regulator he told stat news this is not an isolated question. he said, "we've had 25 meetings for prosed meto pd1 inhibitors, just this alone.

under 30 under development in china. a big question not just because new drugs to come to market, but because these drugging potentially priced more cheaply. verypricey drugs $150,000 per year per patient bringing in billions of dollars for merck and bristol-myers alone. just heard from eli lilly who said they would plies this at a steep discount and a few more discount now put it on twitter. long and detailed. 40% discount might look at here, if this got approved they note it might not get approved waiting for the fda process nap could tsave bills in the health care system. a complex set of situations here. >> and a criticism, the way studies are done in china may not follow protocols of studies done in the united states and a separate issue of past studies done in china that found to

fabricated data within them? >> reporter: yeah. from my understanding, going to use the same application that they got the drug approved with in china to then file here in the united states. i don't know the balance between lilly and its partner who designed that. appears to be one issue. another big issue richard pastor told the journal is the question of, is chinese data applicable to the u.s. population but they're also worried about design of the trials, and also just the sort of integrity of the trials that's raised as well. a lot of questions potentially raising tensions and the question about being able to bring more drugs to market at lower prices. >> meg, thank. meg tirrell. all right. look at the russell 2000 another cyclical tilt to the trading day. what a week for the russell. basically session highs for today up 1.5%.

for the week russell up 3.7% outperforming other major indices. still to come ask an analyst if it's too late, and 30 minutes away from disney's earnings report break down with a panel of skirts and speak with dis disney's-of-ceo bob chapek it and bonds off lows. ten-year yield around 1.94%. we'lbeig bk.l rhtac at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan

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check on individual market movers cannabis jumping on heels, posting smaller than expected earnings loss and revenue felt strength in consumer products like biosteel drinks and a firm citing inflation and wage pressures some reasons for this move. stock down by 4.7% jame cramer, point your sign at the qr code on that screen. ftc proposing a slate of rule changes, gary gensler agenda takes shape bob pisani >> s.e.c. wants to know more about hedge fund and private equity today approve add proposed rule that seeks to have fun with significant losses report what happened to them within one business day also want to know more about the fees they charge and want more

disclosure of the funds performance. also wants to know a lot more about cybersecurity breeches a second proposed rule requiring companies to report significant cybersecurity incidents and maintain cybersecurity-related records. finally adopted a proposed rule to reduce time between excuse of a trade and its settlement the date on which stock transsections settled from three to two in 2017 and now s.e.c. proposing to shorten the settlement psych toll one business day this a big prominent issue after the gamestop stock in january 2021 sara, opening this for a 60-day comment period and after that proceed to a final rule if they want there's 50 proposed rules in front of the s.e.c. this spring. big agenda in decades. see what they get through. >> does it mean anything different as far as markets and trading? have a big imact noticeable?

>> move to settlement one day. reduce uncertainty in the market robinhood and gamestop a lot of problems putting up money to sell the trait and getting everything through very important general theme, gensler wants to more a lot more about what all of these companies are doing disclosure on everything disclosure on esg-type things. on board diversity disclosure on climate change a big, long list including payment for order flow he wants more information about corporate america. some some cases get significant pushback. >> and derichvatives too. time for a cnbc news update with rahal soloman. >> here's what's happening at this hour. the nfl will take over investigations into sexual abuse allegations against washington commanders owner daniel snyder earlier today the commanders announced their own independent probe of accusations

"washington post" reporting nfl was blindsided by the decision the only investigation of new charges against snyder will be led by the league. white house weighing in. jen psaki posing a supply chain risk in talks with canadian counterparts. incredibly lucky kids in missouri two teens running on a frozen lake ice broke and fell in amazingly, fire foighters able t jump into action and pull the teens to safety. melissa, apparently doing better, one of the fire officials saying the odds of them being there the exact same time, astronomical. >> very lucky. thank you, rahal solomon. a market flash stop popping we have the story. >> yeah. road blocks with the nfl and

metaverse and you see this in terms of stock price up 9% now on news the nfl, national football league, and road block pairing up to launch nfl tie continue next generatio of fans on the metaverse nfl tycoon play in their own world population of tycoon and nearly 50 million users are connected daily. popping 10% on news of the partnership. >> thank you. we have about 25 minutes before the bell rings on wall street we stand, nasdaq looks like close to session highs at this point. s&p 500 up industrials, materials, semiconductors very strong going into the final minutes of the

trading session. solar stocks shining bright. strong earnings propelling this group upper's top analyst tells us the top names with room to run. dead ni headlining a big hour of earnining after the begg bell we talk to ceo bob chapek moments talk to ceo bob chapek moments amp the results cross. [loud exhale] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers, plus some of the lowest options in futures contract prices around. [ding] get e*trade and start trading today. 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.

solar stocks a pop today op back of positive fourth quarter earnings from pen phase energy check out the move company reported record revenue issued upbeat guidance next guest reiterating outperform and bullish on other solar stocks

oppenheimer, up almost 12 percent. colin, a painful part of the market for investors so much hope around build back better and the biden administration basically since february of last year. the growth on a downward slope does that change given what they're saying >> not at all. we're looking at long term very long-term, substantial secular growth and resiliency along the ep of the grid look potential to move towards a completely zero emissions grid by 2035, really see the need for 6x growth in the solar industry. a lot of unit growth capabilities looking at within the companies. key thing pen enface brings, sor and savings. underlining fundamentals very

much in place. >> dealing with supply chain issues plaguing the industry. colin what does demand look like how long does this story take to play out as you see it >> i think it's a growth story end of the decade. the growth of the industry from single digit giga watts to 20, 30 a year very much in early stages as we see the increase complexity and sophistication of technology with the storage and soler combined, and trying to service the ancillary services market, a company like enphase or solar edge have capabilities to serve the market and frame not only the hardaway also software compacts that turn into recurring reserve venue over ti. >> wonder what you see as immediate headwinds? long term bullish on this sector, but near term regulatory issues including how power

companies deal with consumers who, use solar power don't necessarily contribute to the grid. >> that's a good question and important one for the industry actually a lot of studies done solar, up to a certain appointment provides resiliency on its own combine solar plus storage you add a lot of strength to the grid overall in terms of power edge of the grid and stability of the infrastructure. there's a substantial amount of avoided costs building new transmission and distribution lines. the california net meters case is, i think an important case study for studying a precedent for rest of the country. end of the day, likely what happens is we'll see a little bit of reduction in terms of net metering price for sale backs to the grid enhancing value of the energy storage at installation real headwind for us lack of

clarity. looking for clarity around the rules. then the installation crewspap tight labor market and actual sales are very strong for the industry real bottleneck is actually deployment of systems and looking at that as a key area people are working on right now. >> what about federal money? what if we don't get a build back better? how much is expected in the sector now >> this is an important point that underlining federal support 10% investment tax credit is more than sufficient to serve over half the country. in terms of solar being running on its own inflationary impacting utilities rates get better look at those long-term trajectories we're not concerned. same time what the federal government has done over the course of multiple decade provide small extensions on these sorts of support programs

as they come to the sunsetting deadlines. expecting that to continue on. expecting more of a piecemail approach federal support but not necessary for the growth of the industry at this point. >> got it. watching that. big move today colin, thanks for joining us. >> thanks for having me. got a huge lineup of guests your way after the bell including disney and uber. earnings, i should say what to know ahead of the reports is next. watch or listen to us live on the go on the cnbc app dow's up 0.7 a -- 75 of a purse. we'll be right back.

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welcome back a great lineup coming your way in the second hour of "closing bell." get earnings results from disney and break them down with ceo bob chapek along with call with analysts and quarterly numbers from uber, mattel, trillio and more and tell you about adam arens latest maneuver and what is driving amc's intraday pop, which is your clue first, 13 minutes to go here in the trading day in the "closing bell" market zone cnbc mark santelli and kick it off with broader market. major averages all in the green. nasdaq outperforming up 2% paul just gave the quick rundown pap nice lift and seemed like yesterday as well. >> yeah. so the last hour of trading,

sara, extremely volatile over the last month, you're well aware covering it every day. average move 60 basis points in the last hour of trading most volatile average move since april of 2020. coming out of the covid crash. i think it reflects so much uncertainty in the market right now. investors are hesitant sometimes to hold stocks overnight volatility to the upside and downside it's just -- the fact investors are just on edge and there's a lot of crossturns here there's plenty of reason to be concerned about the market, but then plenty of reasons you can take a step back and say, hey, things aren't that bad. >> for teed at least saw volatility take a step back, mike interesting about today's session into the big cpi for tomorrow, willingness to hold and buy hyer valuations name in spite of rates potentially

rising tomorrow. got the igb, software etf, for instance, up almost 3% today alone. semiconductor up 3% today alone. on top of a strong week so far for these two groups. >> yeah. treasury yields today largely settled back slightly. also all of those goods you mentioned are coming off of pretty big pullbacks not as if people are willing to rush in buy them at their all-time highs one expect market seems to be again kind of, you know, willing to pull up into neutral ahead of the cpi number to a degree mentioned just about not quite at a one-week high. so i do find it interesting you see travel-related cyclical consumer related doing well as people embrace the idea omicron cases really crashing, and obviously seeing your way clear to reacceleration of the economy. >> see there on the chart. a strong bday but rough start to

the year value investor bill miller joined cnbc earlier asked about big stocks from a value perspective. >> i think those stocks are all not particularly expensive pt meta trades lower ebitda than ibm does and still expected to grow these prices i think that represents attractive value. owned it a long time it's not a new position for us, but we certainly don't want to sell it down here. amazon down last 12 months though all parts of theirs business, below a multiple name we think will grow nicely. those names fall into a value camp on some of the parts or simple pe ratios. >> paul? what do you think of meta at this point looks like it's stemmed its losses at least for today? >> yeah. little bit of a bounce today after dropping 30%

ironic about meta, one of the most loved mega caps coming into the year and hit harder than any of them. interesting about miller's interview earlier is that while he was talking about shift from growth to value, none of the quote/unquote value stocks mentioned are typically stocks most investors would consider to be value stocks. talking amazon, talking meta some of the other smaller cap names he talked about. if value is in the eye of the beholder, really important for investors to realize that value shouldn't just be looked at as simply a low pe stock. some stocks with low pes for a reason value relative to prospects of the company. >> miller's like amazon a long time sitting out a rally in mega cap techs today. noticeable, these are all up,

microsoft, amazon. >> feeling amazon the stock in mind when he said it cheap on pe or part spaces a position size up amazon saying, here's where cloud software providers trade what's implied in terms of azure business worth x multiple of revenue or cash flow and dominating commerce business alongside of it it's been a little of a mystery, although as the stock is not acted well and now at bottom edge of a longer-term range you still see people willing to give it benefit of the doubt. maybe not a great thing. analysts kind of love it as it tries to absorb a lot of logistical costs. >> price action. >> no. >> uber a big company reporting earnings after the bell. deirdr deirdre here with numbers. >> lyft said omicron likely to

shave off more than $100 million in the current quarter investors eager to see impact on uber's business rides increase, decrease, impacts on the bottom line and gross bookings, how demands is faring if driver supply problem eased, certainly in focus for l lyft see if it's same for uber. >> what a turnaround for lyft. now at 7%. originally down sharply on results and in turn lifting uber looking forward to tonight. >> and thinking ridership will come back strongly even though numbers missed here. stocks way off their heiss k off think highs keep that in mind. this economy with virtual duopoly in most parts of country together worth $90 billion look at the kind of companies that have 80, 100, $200 billion

mark caps seem to be serving smaller macro segments of the economy. almost the idea. they don't know it great cash flow generating businesses autonomous driving, then okay. we're not near there >> in fact farther >> hold its value back and forth in the same range for years at this point. >> make justed by time until reopening is fully under way today we had a couple of governors including governor of new york ending the indoor mask mandates, for instance, for businesses here in the state paul, sort of a tilt towards reopening trade seen this week, today from particular. names like marriott, ulta. not wearing a mask, got to wear makeup. >> lipstick, blush, changed particularly for women in the morning these days, as well

as -- >> so i think, yeah. i think we're seeing the strictest of states starting to see easing back of these mandates, and i think said it, makes things smoother for the economy. less restrictions mean as smoother economy back to uber, though talk is, oh, reopening, when things will get better for uber. look back at the stock's history. prior to covid stock down 30% from ipo to the end of 2019. actually did better during covid than after i think coming ouch this, they're not necessarily making money on these rides i don't know what the real optimism is here then 11 quarters as a public company missed earnings or revenues in seven of those elven qua 11 quarters. not the best record even when the economy was running smooth.

>> stock up 5% going into earnings disney the other big name headlines after the bell's warnings. >> disney diverse array of revenue streams. the key thing investors focused in on is disney plus subscribers, after growth in disney plus subscribers fell short after netflix guided to slowing growth analysts expecting 126 million total disney plus, 8 million new subscribers in the quarter and listening to see if the company is on track to hit its 2024 goal between 230 and 260 million subscribers. talking about that as well as the rebound in the parts division in a first on cnbc interview with disney ceo bob chapek right after the company reports earnings back to you. >> julia, thank you. julia boorstin, a lot on the line setup with netflix disappointing prior to disney's print maybe is

a pretty good one? >> yes how disney shiares performed languishing. longer term disney investors want the focus turn away from the quarter by quarter progress in streaming still isn't the big economic bet within the company even though it is long term. that's why parks probably are going to be more important one way to think about valuation. still expensive. 2019 fiscal 2019 earned over $7 a share. 20 times, normal earnings, 20 times that it's not crazy, they need a sense we're getting back there before terribly long with parks coming back into line. >> paul, what do you do with disney >> i mean, i think as far as we look at disney with streaming. much prefer netflix over disney. you can get, mike said, maybe streaming isn't the primary focus of the company, but netflix now trades at a similar bet multiple to disney and even

going out earnings over the next two years. di disney's not a cheap stock and netflix considered a very expensive stock and got a similar valuation. some to keep in mind for investors looking at both of those stocks. >> netflix popping a little today. 2% well off its highs postearnings. about two minutes to go. and cyclical sparks in the market tied to the economy and some mega cap technology that suffered reopening plays like casinos and airlines doing well. >> overall s&p hanging in there for the rankt day. not far from highs again under the one week ago levels. very broad rally, too. equal weighted s&p outperforming and you have here over 4-1 versus declining val you'll. cyclicals, relative, transports to utilities so far year to date there was a real defensive turn in the markets coming into the year, and now you see transports

barely nosing above utilities for the so far in the year look at volatility back down to low end of this three-week range right around 20 vix futures curve, something people look at for signs of stress normalized relasxed into a benign state. volatility potential coming into it, seems we have a bit of a shakeout in anxiety heading into it see if that's a good thing or a bad thing. >> yes as we look to close close to session highs and nasdaq now sitting at a gain of 1.94% s&p 500 up big gains in materials caught the left u.s. steel up by more than 7% this week staggering move in individual names. semiconductors very strong today. software very strong today high valuation very strong

and equal rated biotech, a stellar week along with the russell 2000 up by 1. %. watching carefully as investors seem to be bullish [ closing bell ] [ applause ] >> strong close again. up almost 2% now for the week. welcome back to "closing bell" i'm sara eisen along with melissa lee. and mike santelli as always cnbc senior markets commentate per ap huge hour of earnings disney, uber, mattel, mgm and trillio. earnings set tobe rees leased moments from now instant analysis of all the numbers and disney ceo breaking down results in a first on cnbc

interview before talking to analysts on the conference call. first up on this close, the investment group with us, and from the needham growth fund joins the conversation chris, loading up on some growth names in the quake of a sell-off today? today a rewarding day. >> well, i think mike said it clearly a couple minutes ago as anxiety certainly fading to some extent earnings season is exciting on many names, but what the overhang is on the back end is where does the fed move? how much does it move? and i think we have been somewhat in a bottoming process, which takes some time. so we have been picking away at some good value. investors, able to collect good assets, but also been trimming back on those that have been higher multiples that we think could probably be more at risk of a very aggressive fed.

>> like what, chris? >> we've pulled back on some software names at this point you know, the multiples, you know, north of ten times are probably still more at risk, and we'd like to see them down more in the single digits we think that would be a more appropriate place looking forward. but the areas we still continue to like that we think are good value and whip the secular trends you know, are semicap equipment. communications services. which has been pulled back quite a bit since its outbreak and covid work did very well more corrective last year. overall, small caps have been really in a downward market for the last 11 months finding a lot of value there as well in smaller cap companies that have corrected. e. semiconductors, paul, a good day, as melissa noted. up 4% for the group. down for the year 6.5% you look at this as a key leading indicator for the market

what does it tell you now? >> good to see semis showing strength underperformed a little bit during this period when growth stocks have come under pressure. that's understandable but not collapsed at this point. on a relative basis. not too worrying chris mentioned small caps we talked about valuations in the market being accepted. in the small cap space, earnings have grown faster -- valuation are more attractive now relative to the end of 2019 so even though we've had big rally in small caps since start of 2020, earnings have grown faster you have more value in that small caps space of companies that do have earnings. >> chris, curious. when you say that pairing into hyper valuations software names. when were you doing that and at what point do you see value? feels a little like maybe enough has been taken out of these

names where some people are in fact finding value in the face of the fed tightening? >> well, we had been trimming for the last couple months in those areas where the high multiples we felt was more at rick look, there's very good high-quality companies, and i think if you know, the economy does begin to slow, which is what i think the fed is trying to do with raising rates on the short end, and seeing a yield curve flattening really when you look at the seven and ten year it's pretty flat at this point in time we do think investors will come back to growth names when they're looking for 20%, 25% growth rates and a slowing economy. i just don't think we're at that point yet. we're going to probably see that at some point midyear. >> so which does bring up might be inflation report. set to get 7.2, 7.3 the headline expected shocking number. what do we need 0 to know what's

priced in and how the market reacts >> you want deceleration month over month one thing to keep in mind is we've kind of known, january, february, into march, are going to be very ugly year over year numbers. also getting earnings reports from companies that were built up in a quarter when you had 7% inflation. noe in other words, living in this economy a little while in terms of fem intentioning, i think on tractor a few and the market already priced in perhaps five rate hikes this year. not clear tomorrow's number can decisively change that debate on its own, but obviously what's priced in is always more figuring, 8.5 or s&p since intraday low january 24th. market's gone a long way to prove it's a decent low. easier to do because reaching levels first reached in october. remember that. right? still down from the high >> all right disney earnings out.

straight to julia boorstin for numbers. julia? >> disney shares moving higher on better than expected results on the top and bottomline. the company reporting $1.06 in earnings per share versus 63 cents earnings anticipated revenue coming in higher than expected ed 2ds 1. million versuses $20.9 billion anticipated. and in terms of those all-important su vibers numbers, disney plus sub vibes 129 million. added nearly 12 million new disney plus roughly 8 million analysted expected different divisions here parks had, really remarkable, much better than expected strength in terms of best-ever quarter both reserve nee and operating income parks operating income, $2.45 billion versus $1.4 billion anticipate and more than 100%

growth for that revenue for the parks division $2 $2.3 billion in revenue. direct to consumer lost more than anticipated that division lost $593 million. expected to lose about $481 million. other than that seeing out performance pretty much across the board there and loob at total subscriber number for families, 196.4 million better than 189 million anticipated talking about all of this and more with disney ceo bob chapek coming up shortly. >> don't get guidance until when the conference call? such a big beat on revenue side almost $1 billion and eps side investors probably want to see that carried through to the full-year guide? >> yeah. disney does not actually provide guidance they don't do revenue guidance or earnings guidance they have guided for the goal of having between 2230 and 2 60

million. directionally a sense what things look like particularly in parks direction. insight in bookings but no definitive guidance. >> thanks. disney stock up a whopping 8% on back of these results. pock hickey, results answer the bears in terms of beasting on the sub numbers and deliver upside on the parks business >> yeah. that does, those numbers looking at the headlines, look very strong i still think it's an expensive stock, but the theme parks, sounds like they a great quarter and those results are only going to get better in the next few quarters as people are more free to move about and more comfortable to move about. those are impressive numbers looking what you're reporting. >> yep the stock reacting as such up 9.6 after hours. uber stock up also, and out.

we have the numbers. deirdre? >> sara, up 4.5. beating on gross books 25.9 billion dollars versus 25.7 billion. expected rides in line and a little light. freight a bright spot. revenue 5.8 billion versus 5.3 billion expected a riders, includes eats as well. 118 million. a little better than expected and i believe an all-time high net income number don't usually see from uber. 892 million net income that is thanks to a $1.4 billion benefit relating to its investments. remember, uber has investments across the transportation and ride sharing complex so from grab, aurora, offset and

adjusted ebitda better than the company guided at 86 million important, of course, anticipating first quarter, the one we're in, gross books 25 billion to $26 billion tracking release saying impact of the omicron variant is already fading and they're starting to see the business bounce back pap different tone than we heard from the lyft team yesterday. shares up. gross booking number for current quarter,s $25 billion to $26 billion flat or a sequential basis, ebitda adjusted between $100 million and $130 million and that measure of profitability is what we like to look at. back to you. >> stock up 6.4% after hours deirdre, thank you. do not miss it first on cnbc interview with uber ceo friday at 6:00 a.m. on "squawk box. chris, don't think uber is in your portfolio but you've been lookingality it, and do expect a strong quarter given the

reopening, it's what we got. your reaction? >> uber is an option on the future right? we are going to open up globally we can look across so many different place where is the business traveler is ready to get back out on the road people are ready to move about uber eats comes to my house probably twice a day here with my kids. and now they're going to be out moving around. a lot more so, look, i think it's great news i think that disney's also reaffirmation that people are ready to get out and i think there's going to about tremendous amount of activity economically and uber's a nice barometer for that wonderful news i think that we're going to see a bullish outlook going in the next couple years. >> so far extraordinary after hours session with all the movers we're waging. thank you, paul hickey and chris wrestler for insight. second hourof "closing bell," up next, disney ceo bob

chapek and outlook for streaming. disney up 8% now rctn uber's revenue beat joined by an analyst who thinks the stock can head higher from here. we're back in two.

just want to show you another huge afterhours mover. twilio up 20% now. 29%. reporting earnings, a match on earnings 20 cent loss expected revenues came in better. better than the 773 million expected, and the q1 guidance on revenue. bigger loss than expected but a bigger range of revenue guidance than expected. helps communication for ecommerce companies done well during covid but a stock well off-the-highs with all the gross stocks melissa? >> you see that move and think recovery nope up 28%. shares of disney rally after

an earnings beat julia boorstin joins wus with ceo bob chapek first on cnbc interview. >> thanks very much. ceo thank you for being here today. talking about what's going on at the company? better than expected quarter on a number of counts, but let start with streaming you add add 11.8 million disney plus subscribers concern about a slowdown last quarter. what drove those numbers >> well, our great content is what drives our be ins and you're right we had a great quarter across the board whether looking at disney plus sub adds of 11.8 million. looking at record-setting domestic parks performance coming right on heels of covid very, very encouraging and overall performance of the company earnings per share of $1.06. strong performance always said in it for the long term this is a long-term game not quarter to quarter type proposition. i think the long-term health of

disney content drives the day. to be honest, great cast members. roughly 200,000 people working tirelessly every day to get us through the pandemic and drive us to these kind of results. >> and go back to disney plus in particular, because i know disney shares dropped on the netflix warning there would be slower growth in this quarter. what are you seeing right now just so far into 2022, and what's your sense of ability to hit the long-term arguments you set for 2024 >> we're reaffirming our guidance of 230 to 260 as we gave last december our target that continues to be our target and really drives, what we said great content. we'll have more franchise added content on our big franchises, added this fiscal year, doubled what we had in '21 that new content really is what drives it. quarter to quarter because of the pandemic we have little gaps here and there in terms of content.

it's not a straight line growth every quarter, but reaffirming that 230, 260 and feel very good about that. >> i have to know the poster behind you a film you put in theaters for a shortened exclusive window curious how the gross did quarter with films like "encanto" thinking about investing and more theatrical releases on the platform sooner than the traditional window? >> always said a flexible distribution strategy now and reason is, because we're in a world of flux. changing consumer behavior because of the availability of titles in homes. co consumer, virus, love it, had a chance to see it lagged recovery from covid and theaters like to remain flexible as possible but believe in the future of the theatrical business particularly for big temple titles.

obviously certain demographics slow coming back family films one thing. that's been a little slower. the films that go outside the big blockbusters, slows to come back we have a lot of options we believe between exhibition releases like "encanto" with a short window or direct to our service as you're seeing with "turning red" coming up in march. really, really excited about options we can give our a audience. >> netflix talked about a big movie on the platform every week give a sense how much you feel you need to invest more in that content? you lost more than expected in the direct to consumer division? >> investing heavily said last year when we gave investor conference we would go ahead and double our irnvestmen. doing it increasing investment in international local content and now producing 340 new productions there.

yeah it's a hungry beast to feed. droect direct to consumer platform. consumers love it and good investment for us and our shareholders. >> is it necessary to buy more sports rights in particular bolsters es prnpn plus? and indian cricket rights? >> well swr, we have a strong portfolio of sports rights 95 i think of the last 100, top 100 shows that got highest ratings last calendar year were sports we think we're investing in a great area future of sports is not just about linear rights but direct to consumer options we give consumer, voting more and more for with pocketbooks, same time, you've got sports betting option, which really adds something material we believe to that proposition, as the new younger audience wants to bealities more engaged in the

outcome of the game. same time with think more interactive, more games component to it as women less of a sit back and more lean forward experience those rights combined with all the other benefits we're working on building into the sports viewing process really will take espn and reinstate it as a big growth business for us. >> quick question. buy the rights to nfl sunday ticket >> bidding for it, and we always say that if an investment is creative for shareholders, do it moments it's not, back out we hope it is. >> the parks, what drove better then expected results? pricing, spending? what's the trend people booking for spring and summer? >> provides options for customization and personalization. people can, if they want to come to the park at a relative value, they can come in, kept lowest price ticket price same the last three years both at disneyland and walt disney world.

same time give people options to upgrade. giving it to them with genie and genie plus and lightning option. by and large to a surprising extent about a third to 50% of our consumer base are actually our guests in the park, choosing to upgrade to genie plus, way above what we expected and speaks to desire of c customization, personalization yielding to our guests giving them a great customer experience no mat whir they come. second tuesday in september or the day after thanksgiving and our guest scores show that lowest prirsed day, stayed same. truth is, more crowded timesance popular times, those prices have gone up. backlash on line people want to afford to take their families how do you address those concerconcer what is driving those prices up? >> demand.

supply and demand business unfortunately unlike, say, disney plus, we have a fixed supply we commit to our guests to give them the absolute best disney experience no matter when they come, and one of the ways we do that is by taking those guests that want a more personalized customized more expensive day, and using that essentially to keep lower prices, again, second tuesday in september societies really demand driving it, before we let you go, make sure to ask you metaverse. last time did an interview something you're very interested in, saw potential in three months later, what can you tell us about your plans to bring disney into the metaverse? rnts >> excited about this. third dimension we let our creative people paint. take all great things we have add a media and platform for the metaverse and we have something

no one else has. world of our parks met vert blending of physical and digital in one environment, who can do it better than disney jr >> sounds like not more details. hope to do an interview in disney's metaverse next time thanks for talking to us on the heels of better earnings. >> interview in the metaverse about the metaverse? mind bending julia, thank you thanks to disney ceo bop chapek. mike santelli, hit on all major boxes in terms what investors want to hear for the growth story for disney. >> he did. parks performance i think was the big outlier for the quarter that really is probable more reassuring, longer term. annualized operating income from what they did in the quarter would be better than they did in 2019 significant beat the big hole in the business

in the cash flow sfreem disney over the last couple years of course the streaming result i think are relatively encouraging, too. it's not monster numbers but balanced faster growth foalso strong groh there too. i love their goal remains 230 to 260 million global subscribers probably just a coincidence netflix has 220 million subscribers. targeting just a little more man netflix has now. >> good catch ton that, mike. mgm earnings out stock moving on numbers. we have a look contessa >> yeah. earnings come in in adjusted 12 vents a share versus estimate of 2 cents a share on revenues of 3.1 billion dollars, also higher than consensus here. i want to focus on las vegas properties nome did they beat expectations

of adjusted property ebitda. $699 million in edyta, key earnings metric in the gaming industry 84% higher than fourth quarter 2019 before the pandemic the margin growth here more than 1200 basis points. both las vegas and the regional property hs a record setting the quarter. in fact, in las vegas, just set a record, period macao struggling with covid restrictions and visitors. mgm records seen strong demand driven and setting a new record for amount of market share in gaming revenue at 14%. bet mgm here in the u.s. number one share for igaming hear more on the call. showing significant growth in the market share of online sports betting, where that's active see the stock is up almost 3%. call starts in half an hour. we'll listen for more on all of those topics

sara >> contessa, thank you. up next, mike santoli looking at whether or not small caps are looking ahead and later, "fast money" trader on meta's rebound. a sign the stock hit a bottom. heading to break, check on uber. posting a revenue beat talk to an analyst and what he wants to hear from the call up wants to hear from the call up almost 7% after hours. (doorbell ringing) (slow piano music) before discovering how it tastes. ♪ on time, lowest price, or we'll make it right. (chicka-chicka) grubhub.

busy hour of earnings. shares of mattel popping after hours beating on top and bottom line hosting 53 cents a share. big beat revenues 1.79 billion. estimate it's more like 1.66 stock popping 9% full year earnings and sales guidance above expectations barbie doing heavy lifting offsetting declines that mattel saw and other brands like hot wheels back to mike santoli taking a look at small caps, which have been hit harder in the market this year. >> much harder acted well charts don't look great. barely clawed back russell 2000

to lower ends of range in the last year. however, maybe things going far in the short term. this is the russell 2000 index relative to the s&p 100. even bigger on average companies than the s&p 500 you see down in terms of relative performance towards where we got to during the covid crash in 2020. starts here in the bear market of the early 2000s small capping a renaissance relative to big caps, all excesses going into that 2 thoubs peak investors positioning in small caps this chart basically the necessary futures position in index futures for russell 2000 of large speculators typically when all pile in on one side tends to act contrarian. you see very, very deeply net short of russell 2000 futures. similar again to early 2020. maybe relief coming pup all know when credit markets aren't great small caps don't do well unprofitable companies in the

russell 2000 all those kcaveats aside, could be in for relief. shepard smith? update. >> the news on cnbc what's happening. new york growing a grow list of states ending mask mandates. governor hochul made the announcement today saying as of tomorrow people in new york will not have to wearing a masks or show vax cards inside most public spaces. the mask rule remains in place in schools along with health care facilities and public transport. in new york city, the mayor's office said local mandates will remain at least for now. firefighters rescued at least five people from their homes in philadelphia after a massive water main break this morning. about 12 blocks in the southwest philly neighborhood. workers drained almost all by mid day. nobody hurt. and spacex, falling out of

orbit hit by a solar storm the company says as many as 40 starlink satellite either burned up in the atmosphere already or about to providing internet service to remote corners of the world. tonight, meg tirrell on long covid and rising numbers of specialized clinics opening to treat people right after the u.s. meets russia in olympic curling a cnbc favorite. newstime 7:00 eastern on cnbc. sara, back to you. >> shep, thank you see you then after curling. shep smith. and sonos earnings out tracking that name and numbers sara, shares jumping in after-hours trade higher than expected revenue and full year guidance on top line eps a miss 87 cents per share on deluiluted

miss revenue beat that. compared to 637.5 million. analysts expected. also said they reported a record q1 gross margin 47.8%. which was about 140 basis points higher they noted there was strong product demand here despite lower promotional activity offset by constrained product demand due to industry, or product supply due to industries-wide ship issues. we believe we would have sold much more but for chip shortages constraining our supply and demand continues strong. shares up about 6. % right now melissa? >> thank you still ahead much more reaction to today's slew of after-hour earnings. up next, what dan yves wants to hear during the uber conference

call at top of the hour. stay tuned.

uber shares popping on back of an earnings beat showing revenue and margins better than

expected up 5%. joining us a tale of two companies looking strong, dan. ride booking risen 67% food delivery jumped 34% what do you make of the quarter? balance of strength. the key coming in. a lot of fears and because of the virus, because what we saw from lyft, i think much better than if you look at some of the ride and what you're starting to see going into 1q in 2022. overall relative to the white knuckle fears i characterize as the joe burrow quarter. >> i like that good for bengals fans. profitability. progress profitability from investments what do you need to hear on the call as far as outlook looks like came in line with expectations i think better than fear what we're seeing in sluggish that's coming out of the rebound. into 2022.

the main thing is really about that balance on profitability. if that ebitda continue to ram, deliveries stable, compare to do l lyft, feel better about uber rebound stock recovering and everything they're showing here gives you more confidence in 2022 got hear from the team balance on profitability that's going to be focus of delivery starting to win. >> up almost 6% after hours. thank you from wedbush. >> thank you disney higher by 8% after posting earnings beat top of the hour up next, more reaction to the numbers how streaming competition is impacting subscriber growth. plus, "fast money" trader buying shares of meta amid its recent sell-off. why she thinks the stock hit a bottom that's later on the "closing bell."

we're affirming guidance as last september the target continues to be our target and driving as we said. great content. we'll have more franchise added content on our bick franchises added this fiscal year, double what we had in '21 so that new content valley what drives it. quarter because of the pandemic, gaps here and there in terms of

content. it's not a straight line growth every quarter, but we're reaffirming that 230, 260 and feel really good about that. >> disney ceo bob chapek shares popping an posting better than expected earnings bring in "new york times" columnist jim stewart and cnbc tech reporter with more. jim, start with you. disney shares takedown on multiple of disney shares, subgrowth. disney posting best add quarter since june quarter, third quarter of 2020. did disney all bears when it comes to the streaming story >> i don't think entirely. i have to see very good numbers. i understand an investors being pleased after a disappointing slowdown last quarter. growth is looking very good there.

the operating number doss not look as good i think the bear problem for them is, where the profit going to come from in streaming? i totally understand disney needs to get the share, pump out that product, but you saw very significant decline in operating earnings, even with that growth in revenue a question still hanging out over not just disney but the whole streaming segment. >> i think that's a question particularly for investors, alex, as the story transitions from the reliable disney that so many people hold to the streaming service with higher multiple before does the profitability come from on this service? >> yeah. it will get more intense you heard bob chapek tell julia b boo boorstin, espn is bidding. if they do, changes the

economics around their streaming service in terms of wa are they going to charge for espn plus? do they need to charge more noor and decide the entire system built their company on over the past two years with three different streaming services, hulu, disney plus and espn plus. >> it make sense or merge into one. buy the bundle may make sense long-term from an economic standpoint throw all content in one a number of different questions bob chapek has to answer now that bob iger is no longer with the company. >> any credit being a metaverse stock? she didn't give much on that julia asked. just well positioned what do we expect? metaverse hot with investors but not so much with facebook

lately >> ai'm not sure what bob chapek is talking about in terms of metaverse. thrown the word around described it to julia combination of physical and virtual world i don't really know what that means. so until disney kind of spells out what exactly they mean by metaverse, i don't think investors will give him credit for it kind of a broader theme bemonday dbemonday -- beyond disney. i don't know if we're there yet. if we are, somebody tell me. i'm confused. >> combination of physical world an digital world and third dem dimension of its creators. all temterms used to describe te metaverse when julia talked to him three months ago back to the actual business here and now, is this a growth stock? >> the real world. >> yeah. the real world is this a growth stock, jim? sort of the question at this

point. talking about bidding for sports rights talking about streaming. different things throw metaverse in there is this a growth stock >> they seem to be tackling three spending arms races at once number one is streaming programming. billions and billions of dollars that's going to cost two, sports programming. amazon talking about muscling into that area more, apple plus talking about it i mean, want to go into a spending war with amazon and apple? i mean, two of the biggest markets capped companies on the planet and now metaverse who do we have in metaverse? meta/facebook and microsoft with a huge investment in that area. with incredible financial resources. do you want to compete on all of these fronts at once i think that's a really high-risk strategy frankly if i was disney, i'd like to see them what they do

best streaming, content got the brand, franchises, know how to do that try to kill that how they defend espn, though, very interesting question. again, numbers on linear networks don't look that great flat revenues, declining profit again. cable model i think is really at risk there i think those are long-term issues that the company is going to have to address. >> skeptical jim stewart as always, thank you thanks to alex sherman as well. shares of meta, moving high per's still down about 30% over the last week. up next, money trader and meta shareholder joining us with a take whether or not the social giant hit bottom. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪♪

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a wild day of earnings joining us, mel troe paul tin and known on "fast money" as the ch chairwoman good to so you gshl. >> good to see you >> which has most impact on a brood

brood -- broader sector? >> disney most interesting twilio huge but disney most interesting to me. great numbers. right? subscriber beat was very good, and interesting to me to look at viacom and netflix, which are both up. disney, had been down on the heels of the netflix miss. so netflix saying there's competition. interesting now that disney seems to be, i don't know if it's gaining share or pie's growing or what, but up market, other two are up on that too made sense to me, actually i think that's interesting then the reopen part i think that's an interesting -- i think we're going to see a lot of that. i definitely want to have exposure and do have exposure to reopening, because i think it will stall and i think will come back with a vengeance. >> i don't want to ask you and sara about your meta trades, although you picked up more?

and when why do you think meta has been acting so poorly even after that big plunge on earnings >> yeah. that was, i mean, magnitude of the plunge was interesting to me obviously, earnings a huge disappointment not earnings so much obviously the guidance that was a huge disappointment so i don't know why it was down way more than i thought it would be i bought stock yesterday i don't know if you remember, stories about, oh, leaving europe then the company came out said, no, definitely do not intend to leave europe still a question what will happen there that create add fear in the stock. i thought, all right time to step up here and i looked at a bunch of option trades couldn't find anything and thought, rich reward in the stock is compelling. think about forgetting having lost money in a last week. thinking if i own none would i buy it here? absolutely right? i didn't think you'd be able to

buy meta platforms at this price, at this pe ratio. people are like, mixed it. tiktok, can't catch up apple privacy issues, and only a quarter ago we thought snap and pin trterest wouldn't figure out the apple privacy issue and a reasonable shot zuckerberg and team can fig ter out again i think at this price you really, paid to kind of wait it might be a wait for a little while. that's okay. i can be patient. >> and you are zillow reporting earnings tomorrow after the bell. weren't you are in it's eye buying unit closed down what are you looking for >> closed it down. take a bunch of charges. i think those charges, they will continue this quarter but i think way lower than the company laid out i think that they are also in the middle of changing their model somewhat

premiere agents. very best agents have a new flex program where the acgents share commission with zillow instead of paying to a transition. i love rid of i buying and a much more eight-like model the place to go and give you mortgages, titles, things like that all those services i don't think it's expensive i think balance sheet is even better that it appears because debt goes with the houses they're going to sell. so they match one buyback already. wouldn't be surprised if more aggressive with capital allocation optimistic down for the year but i like it. i like positioned in the short term trades with combination of housing and kma internet-related stocks because they are a media company in that regard internet, rather nbc that regard i like it, though. i think this is a -- i like it's in a point of inflection, and --

we'll see. >> all right thank you. good to see you. see you in a week and a half, i guess. >> thank you all right. take care, ladies. >> tnkhas. up next, amc literally getting a pop in today's session. the details when "closing bell" comes right back.

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amc doubling down on snack efforts. theater company hiring a feorme frito lay and pepsi co-vice president of growth strategy role, lead amc in push to enter retail popcorn industry. back in november amc announced start selling its popcorn through mall kiosk home delivery to-go packages at theaters and ready to pop in super markets starting in 2022 amc finishing the day sharply higher along with a lot of other meme stocks and reopening stocks up by about 14%. sara, this is something that you love popcorn. >> my favorite food. here's my expert take and advice for adam the best popcorn is the one popped at theaters i know it's part of the plan and should be delivered to your home forget the microwaveable out of

vogue. health studies haven't been great. not good news for me as someone who pops popcorn every day of my life for the past -- 40 years. >> i'm not sure -- just exactly how much can you distribute out of the theater everybody knows -- >> i would be a very regular buyer but not sure that says anything about demand. >> enormous bagging you see sometimes of popcorn in the theaters >> go to theaters end. day, might give awe garbage bay full of popcorn. >> you've done that? sounds like you speak from experience. >> i may have done that once. >> may have done that? >> competing in packaged foods right? easy easy to make a lot of money. ful aye friday fuling if ay inin inin ining ifs we know how -- >> enthusiastic about popcorn.

disenthusiastic. you know me. >> on that note. true for mike. that does it here on "closing bell. the next two hours watch olympic curling which is followed by the news with shepard smith, 7:00 p.m. eastern time. we will see you then have great evening. can he get it? he can five on the board for team usa the united states has won curling gold under the cover of night, the chinese capital of beijing the city whose history dates back 3,000 years we go to the national aquatic center, the house that michael phelps