it is 5:00 a.m. here at cnbc here is your top five at 5:00. stocks on a one-two punch on inflation read and more pain on the way. futures are lower this morning the biden administration calling on the canada government on to end the truck blockade we are live in detroit digging in the growing economic impact of the impasse a and softbank with the ipo

hurdle. and sales of zillow with the outlook looking better than expected and the super bowl lvi the rams and bengals we preview the big game and the money. it is friday, february 11st. you are watching "worldwide exchange" here on cnbc good morning i'm frank holland in for brian sullivan we have a lot to get to. here is how your money and global markets are setting up. we begin with the stock futures. they are sharply lower this morning. we are seeing at this point the dow looks like it could be as much as 150 points lower when the markets open stocks finished sharply lower on thursday with the economic data reaching a four-decade high last month. investors assessing whether the fed will contain inflation with

a more aggressive approach on interest rates despite the drop with the markets higher for the week heading into the session. investors are dealing with bond yields ten-year note up to 2% riff right now, the two-year is 1.5%. we have the price of oil hovering at $90 a barrel now it is $90 a barrel brent in the same change both up over .50%. we have to check the crypto. bitcoin is dtaking a big hit ethereum is down bitcoin below the $43,000. let go worldwide with rosanna lockwood in the london newsroom with the trade in europe good morning >> reporter: good morning, frank. we are not excessively in the

red, but red across the continent and board here in europe including in the uk. the ftse 100 down .83% you would think that would fuel some optimism this morning however, we arestill pretty heavy in the red digesting economic data. the red is to do with the hand you gave us state side when we opened this morning. we recovered cac is off 1.5%. it is a basic one-off with all of the issues in europe. and the rate sensitive stocks like tech are weighing heavy no surprises there as you saw st stateside. meantime, not even banks

financial services down 1.5% frank. >> thank you, rosanna. let's turn to our top stories. the latest in the softbank with the chip maker arm we have bertha coombs here with more with the details. >> reporter: good morning, frank. softbank has been hit by a legal fight. the court filings says alan wu launched a third case against china. this is the latest eitffort to maintain control of the business unit it creates a hurdle for the efforts to take arm public on the nasdaq after the planned merger collapsed and comcast finalizing a plan to change its programming on hulu. according to the wall street

journal, the parent company of this network and nbc universal will no longer make them available soon ever they air the network will instead shift the shows to peacock streaming platform that change is expected to take effect this fall and uber's ceo says the ride hailing company is not immune to ongoing inflation pressure in the first on cnbc interview with andrew ross sorkin and uber investor day, the ceo laid out the mixed picture on the higher prices >> we have seen significant pricing power within the platform we are a marketplace it goes both ways. pricing to the consumer and also cost to our earners. the unfortunate part of the cpi data is cars are costing more. fuel is costing more as a result, when you look at

our pricing, our pricing has gone up on average on a year on year basis, bookings grew faster than trips, earnings for earners are actually increasing faster than gross bookings. >> reporter: khosrawshahi says he is standing by 2024 for the company profitability. we will hear more from the ceo in the interview on "squawk box. >> thank you, bertha and goldman sachs looking to contain higher prices up from the previous call of five. since most fed officials have commented opposed a 50 point hike in march, we believe the longer path is 25 basis point hikes instead. for more, let's bring in the president of potomac advisers.

mark, great to have you here >> good to be here. >> investors had a lot to digest highest inflation at 7.5%. ten-year above 2%. we have one fed calling for more aggressive rate hikes than anybody else what do you see happening today? how do the markets shape up? >> we have a lot to unpack today. that is a big inflation number that the market is trying to digest it comes down to the rise in rates and pace we had. it has been massive. it wasn't long ago we were talking about a ten-year less than .75%. now approaching over 2%. this is an interest rate fear and growth stock takedown we expect to continue rocky and volatility and uncertain in certain markets. i think investors need to have

patience in an environment like this raising interest rates are not a friend to stocks when they are this rapid one point is thestock market can handle rise in rates, but usually those rate rises would be more steady it is the rapid rise here that is of concern. the inflation shock value that is a concern until things calm down, we think stocks follow suit. >> mark, it was james bullard that called for the rate hikes ten-year hikes and inflation which has the biggest impact on the markets today? >> it is a combination of all of them i think right now it is inflation. the fed speaking yesterday saying we need 1%. that will not happen it is great shock value and great way for him to get press fed will not do that your goldman report said they will stick to 25 basis points

and maybe do a 50. talk like that doesn't calm things down. this inflation number comes from several sources. the good news is some of those will be in the rear-view mirror. congressional spending drove inflation. easing fed policy drove inflation. those are in the rear-view mirror higher oil prices will work themselves out as more production comes online. the supply shock we are dealing with if investors are patient and look through this into the second half of this year, i think we will see inflation, although not transitory, it will less than and subside. that should give investors long term investors optimism. >> i know you were not pro growth or value, but we should have both. you see nike down 1% zoom down 2%

you see rivean down. you see the rv maker down 3% i'm trying to figure out the risk with the company like thor has stable revenue >> i don't follow rivean i understand they have a great problem product. i think people should be in growth and value you want dividends to counter inflation. you want core investments and companies benefitting from the growing economy. you want to keep your eye on the growth side. if our thesis is correct, inflation does slow in the second half, we have a slow growth economy and we are looking more like in 2009 to 2017 period where we had a slow growth world and in the slow

growth world, investors want growth i would not abandon the growth trade. this is important in the longer term portfolio not to pile into the value names and cash flow names. i get it balance sheets make sense. avoid the speculative stuff. totally there. to think mega cap and cash flow and tech will not work through the rate hike cycle or slow growth world >> mark avallone, thanks when we come back on "worldwide exchange" increasing equality and opportunity in the metaverse. the steps facebook's parent company is taking to bridge the racial tech gap in its new platform. the ceo of the dream hotel will breakdown the positive signals his company is seeing when it comes to the recovery and tourism and travel. the weekly insider buying segment and one tech ceo flipping from selling to snatching up company shares.

a busy hour stl eawhilahd en "worldwide exchange" returns what do you think healthier looks like? cvs can help you support your nutrition, sleep, immune system, energy ...even skin. so healthier can look a lot like...you. cvs. healthier happens together.

time for the big money movers three stock stories of the morning. zillow shares up 13% reporting a wider than expected fourth quarter loss. it lost on the home flipping business last year zillow shut down the home

flipping business. revenue rose 30% from 2021 rich barton will be on tech check today at 11:30 a.m stock two is affirm. sliding after the second quarter loss the results were early yesterday after it accidentally posted a tweet with financial metrics and deleted it to its credit, it was never hacked shares down this morning max levchin will be on tech check at 11:00 a.m stock three is expedia the travel platform with fourth quarter results beating forecast with the pressure from the pandemic and the travel agency said bookings doubled shares up 4% this morning. time for equity and opportunity during the black history month. the metaverse with an $8 trillion opportunity according

to morgan stanley. meta is looking to increase black engagement and getting 100 head sets to the black charter school in atlanta. the teens are more engaged by the immersive lessons. it is bridging the tech gap and creating potential users >> we can have a diverse and inclusive metaverse without the inclusion of black developers and creators that is why partnerships are important for us >> metaverse gaming company roblox includes the liberty city a game with 300 million users. the creator is a son of the officer who created the game to be fun, but wants it to have a real life lesson >> the current turmoil of police

and black people you can be a cop who does everything right here is how you do stuff the right way. you carry out stuff the right way. you can't go up to a random person and arrest them they have to do something wrong. >> the conference on the biggest tech conferences in the world created with morgan believes this is the first black metaverse. she hopes this will recognize the career opportunities very cool. still on deck on "worldwide exchange." rams and bengals gearing up to leave it all on the field on this super bowl sunday arg our jabari young will layout all of the action and what to catch. stay with us >> announcer: today's big number $6.5 billion that's how much the super bowl could cost employers due to lost productivity on the monday after the game

according to data from challenger, gray and christmas i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones what do you think healthier looks like? cvs can help you support your nutrition, sleep, immune system, energy ...even skin. so healthier can look a lot like...you. cvs. healthier happens together. it takes a village to support society and businesses have a responsibility to support that village. ♪ ♪ i am peter akwaboah, chief operating officer for technology,

operations and firm resilience. when you think about diversity, the employee network group is fundamental to any organization to provide a community and a belonging environment for the employees. they provide an avenue to support employees and ultimately it leads to retention of the best and brightest. the employee network represents the community at large, and it provides a good feedback loop to senior management to make the appropriate decisions, which ultimately contributes towards the bottom line. if you're thinking about growing your business, if you're thinking about driving the business forward, inclusion is a strong part of this. i am peter akwaboah and we are morgan stanley. getting the incredible iphone 13 without t-mobile, - three...two...one... - makes as much sense as playing hide-in-seek... ready or not, here i come. ...in the desert. [sighs] really guys? t-mobile has more 5g bars in more places than anyone.

and now, when you switch, you can get iphone 13 on us, on every plan. you're not going to fit in that hole. don't look any further. unlock the full power, iphone 13 on us at t-mobile. the network with more 5g bars in more places. 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. get e*trade and start trading today. let's get a check on the morning's other headlines. frances rivera is in new york with the latest. >> hi, frank president biden is telling any americans still in ukraine to leave. he made the warning during the interview with nbc's lester holt the president said he would avoid troops going to russia saying it could spark a world war. according to a u.s. military

assessment, russia could launch a full-scale invasion in 48 hours. the deadline takes the stage today in new york city 3,000 city workers risk being fired if they do not get the covid-19 shot. workers protested during the week this comes as the indoor mask mandate was lifted which was put in place in december the governor said declines rates dropped the mandate. and packers quarterback aaron rodgers was named the most valuable player for the fourth time he threw for over 4,000 yards and helped get the packers to the league best 13 wins, but not enough to get to the super bowl. that is going to the bengals and the rams this sunday at 6:30, frank on nbc a lot to watch >> a lot to watch. no problems staying home and watching this weekend. thanks, frances. let's stick with the super bowl just about 61 hours away from

kickoff from super bowl lvi with the cincinnati bengals and the l.a. rams from sofi stadium in englewood, california. excitement over the potential record setting people who may watch the game, of course, right here on nbc. for more on that and some items on the nfl to-do list. let's bring in jabari young. our sports business correspondent. good morning, jabari >> good morning, frank 117 million people is predicted how many will watch the super bowl if they meet that estimate, it will be the most in tv history the most watched show in television history surpassing the 2015 super bowl with the patriots and seahawks. if they get to the 117 million number, 117 million people watching, prices will go up. that means the nfl next year and

nbc will report up to $7 million for super bowl atds if that is right, that number could go up to $8 million for 2023 >> thank you for wearing your outfit on valentine's day date this morning why is this going to be the most watched? l.a. rams are not popular in their city and cincinnati bengals with joe burrow. i would think a match up of cowboys and another big team like the raiders would generate ratings. why are these two teams generating it? >> interesting point, frank. a number of factors. nfl is coming off a good season. viewership in the season was up. the post season. we watched the chiefs and bills that came in at 40 plus million. 51 with the peak

the last afc championship game with average of 50 million you have fans returning to the stands in 2021 we saw that throughout the year. you have the more excitement it is more of a normal super bowl last year, they tried to make it as normal as possible. it is not as near to this super bowl it is back in l.a. you have a major market and team the cincinnati bengals the third time they will be in the super bowl might be the first time ever winning a super bowl title you know, you have the excitement around that i'm thinking the bengals will win. i'm rooting for the bengals. it will be great for the nfl to see the team win the first super bowl title we saw when the chiefs won in the first time in a long time in 2020, that generated good ratings as well. i don't know if it will be 117 million, but a lot of people if they get to the 117 million viewership number, the prices

will go up next season. >> we want to get through two more things. the nfl sunday ticket is up. multibillion dollar bid. what do you expect >> the ceo has come out and said they will bid for the package. apple will toss their name in it as well. don't forget directv may keep that package it is the last major media rights package up for grabs. the nfl owners meet in march you will see more discussion around that if it is not done at that point $2.5 billion was the number that people were throwing out over 2 billion we will see. don't rule out directv keeping that they have the rights now i just don't think they want to let that go right away they have the streaming product they rolled out. they are trying to get in the game roger goodell said the direct-to-consumer ticket is the

media strategy over the next decade they'll lay the foundation with the sunday ticket package. >> jabari, i have to go quickly. broncos. they can sell for $4 billion is that a realistic possibility? >> it is realistic whether they will get it remains to be seen we know byron allen is the minority ownership group i heard $5 billion out there whatever this is if they get to a certain number, prices go up the value goes up for other franchises that is an item you will see in the offseason. we will see what happens with the regular season rolls around with the ownership group >> jabari, i'll catch you later. you can catch super bowl lvi starting at noon eastern and on peacock and telemundo. as we go to break, if you haven't already, follow our podcast.

if you miss brian sullivan, he is showing up later in the show. you can check him out on apple or other apps. ghba ehae"ilbe wl rit ck what do you think healthier looks like? cvs can help you support your nutrition, sleep, immune system, energy ...even skin. so healthier can look a lot like...you. cvs. healthier happens together. power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools, and interactive charts to give you an edge. 24/7 support when you need it the most.

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inflation pain train rolling in on the markets. more losses after thursday's steep selling. trucking turmoil the biden administration looking for action as companies work to navigate the impact on the supply chains. we are live on the border.

and the ceo of the dream hotel group is standing by where the company is seeing a big bounce back with the global portfolio. it is friday, february 11th. you are watching "worldwide exchange" here on cnbc welcome back to "worldwide exchange." i'm frank holland. here is how your money looks stock futures in the red across the board. dow looking like it could open 1 150 points lower at the open stocks finished lower on thursday in the wake of inflation reached a four-decade high last month. investors assessing the approach on interest rates despite the drop with the markets still on pace to be higher for the week investors are dealing with rising bond yields

ten-year hitting 2% since 2013 the ten-year hitting at 2% the two-year note moving higher as well. big move for travel and leisure. the cruise industry. up 16% for royal caribbean the best since february of last year you see carnival up 15%. norwegian up over 10%. next up is the airline industry. if you have been in the airport, you know the traffic is up united up nearly 15% delta up nearly 9.5% southwest here up over 6.5%. jetblue up almost 9% we want to look at other leisure. six flags and seaworld up 10% this week. the best week in a year for six flags. livenation is up a concert stock. and dave & buster's on a win streak. now to the latest on the ongoing trucker protest on the

u.s. and canadian border the biden administration is ur urging justin trudeau's government to use his powers to end the blockade the chamber of commerce called for a resolution in the matter saying this is adding to the supply chain strain. the protests forcing ford to ge auto parts over the border and looking at flying the parts in our kristina partsinevelos is joining us from detroit with more on the economic impact of those protests good morning, kristina >> reporter: good morning. we are entering day five of the ambassador bridge blocked by prot protesters this is a crucial trade link with u.s. and canada windsor is just across the water. each day, trucks are carrying over $300 million of goods

some are worried listen in. >> we haul automotive for ford and gm and when it closed down, it effects us. >> reporter: auto manufacturers are starting to feel the effects of the blockade. take for example gm. they had to close two production lines yesterday alone. that means three in total since the blockade started you move on to honda canada. they have two plants impacted. the plants in ontario, canada. that makes the civic and crv you have ford and parents of chrysler stellantis. and you are feeling it in kentucky where the toyota motor manufacturing announces the models may be affected the rav-4 and camry and lexus rx

what we see with the auto industry, they like to keep inventory low. when you are not holding inventory, it is cheaper they engage in buying direct from producers or supplies when you are not getting goods in time, you have a problem. the bridge or auto industry is very reliant on the one bridge that is behind me. highlighting vulnerabilities in the supply chain frank, they have filed an injunction to remove the protesters as i stand on the fifth day, that hasn't happened yet. >> a big disruption. i used to live close to the bridge on a good day, it is a half hour trip now do we know what the motivation is and can we expect this protest to actually cross over the border? >> reporter: the motivation in canada is it started with anti-vaccine movement for truck drivers. it is not about that it is a larger movement and anger about the anti-covid restrictions

canada had a lot rougher than we had in the united states with restrictions the province of quebec has reopened this past week for bars and gyms it has been a tough toll on their mental health. then thirdly, a lot of them are using this as an anti-establishment movement as well specifically against the prime minister of canada here in the united states, there are the dhs, department of homeland security warned it could start this weekend on super bowl sunday which would be a lot of traffic in the city according to points that the trucker convoy would move across the u.s. and to d.c. by early march. >> a lot of news there on a lighter note, you are north of canada in detroit i know you are canadian. how does it feel >> reporter: i said south of the border i'm used to saying that. south of the border. our friend i'm canadian for the audience that doesn't know. thank you for correcting me, frank. >> i wasn't correcting you

fun fact kristina partsinevelos, thank you. >> south of me as omicron fears are easing across the globe, travel is kicking back up. the hospitality industry is looking for a stronger recovery. new york give hochul doesn't expect to see the hospitality industry bouncing back until 2026 30% of jobs in the leisure and hospitality industry have been lost according to the state economic outlook the outlook is optimistic. 125 hotels remain closed in the city, but plans are booming with 48 new hotels set to open this year let's bring in jay stein, eo o the dream hotel group. jay, thanks for being here. >> thanks for having me. >> as we see the omicron cases ease and inching to normalcy and mask mandates dropped, what is the outlook for travel with the

hotels at least here in the u.s.? >> you know, it has a way to go for sure it is exciting you know, we saw really dynamic movement back in october and move and beginning the december when omicron started to come in. we will pick right back up there. this is a slower time of year for the new york market anyway as we start to come out of february and into march with the weather getting nicer. if we are really starting to move forward hope nfully this tm for good and it becomes an endemic and we learn to live with it. i think we can see tremendous demanded >> international travel is rebounding it was before omicron. do you see that fully recovering in 2022? those people that come from a different country are looking to have a good time and spend more money. >> i would say on the leisure side, that will bounce back. it will bounce back quickly.

it will only take people who plan trips shorter than in the past that will come back. the corporate travel and international corporate travel is not going to bounce back quickly. we still haven't seen that move to reasonable levels even domestically even in october and november it is all tied again to the pandemic companies weren't letting people travel once that starts to become more reasonable and not as fearful or fearful of lawsuits, companies will allow people to get back on the road and things will get back to normal >> jay, looking at images of the beautiful properties very unique boutique hotels is what you gr group offers how do you balance that and does it impact domestic travel more or international travel more >> yeah, right now, obviously, we are getting mainly domestic

travel it is impacting that inflation is not as significant for us you know, demand -- we are flexible we change rates as opposed to other classes of real estate once that demand starts to move, people understand you pay $19 for the hamburger you used to pay $14 a year and a half ago. the room rates from $275 to $325 will be absorbed quickly once we get the demand back in, we will make up for the changes in inflation >> jay, complete sidebar i stayed in bangkok. i wanted to stay at your hotel beautiful property i hope it stato stay there one . your look at insider buys by executives including four smaller cap names

making the list. as we head to break, a look at zen desk a takeover from the group of private equity firms it is pushing forward with the planned acquisition of the re cpa osurveymonkey "worldwide exchange" is back after this nutrition, sleep, immune system, energy ...even skin. so healthier can look a lot like...you. cvs. healthier happens together.

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when couples keep secrets about the things they buy, the credit cards or bank accounts is financial infidinfidelity 32% of people in serious relationships are keeping some sort of financial secrets. as a result, couples are rethinking finances. cnbc's sharon epperson has more. >> reporter: melissa started with small items >> bags of clothing and shoes and stuff for the house. >> reporter: then moved to major purchases. >> pi i need to renovate the hoe we need a swimming pool. >> reporter: her family spiraled in massive debt. >> i went off the rails and accumulated over $100,000 of debt in credit >> reporter: she lhid it from he husband. >> you racked up $100,000 of credit card.

how were you able to keep it a secret >> i'm the finance person and he trusted me with the day-to-day financial management >> reporter: a former accountant, she eventually confessed. now the couple is working through the crisis together. >> it took hoim a long time to trust me again >> hiding financial information and transactions from your partner in a situation where they want to know and keeping the information from them is harming them >> reporter: jill, author of intimate lies and the law, says discovering deception is difficult. >> we want to trust. society tells us to trust. it is hard to overcome that. >> reporter: 39% of adults avoid talking about money with their partner. kelsey hesitated discussing money with her boyfriend >> months of discomfort and me

skirting the issue and me no longer sharing anything. >> reporter: when they decided to move in together, conversations about her student loan debt and his desire to buy property were honest >> reaching the level of comfort and trust. i know this is something you want to do i'm not ready. >> reporter: she revealed she does not want to co-own property yet. he bought the place on his own. >> it takes effort >> reporter: experts say building talks into a relationship can actually help build trust. if you combined finances, review statements and credit card bills for accounts you hold jointly and tax returns. you want to make sure you and your partner are on the same page frank. >> when yi heard you doing this story, this is juicy not everyone is as for giving. what happens then? >> most couples are not

forgiving. 58% of adults would end the relationship if the partner was dishonest of money and spending. 29% said debt was a deal breaker. if you want to work it out, many couples want to get advice from a professional they may be able to initially moderate that tough discussion of money issues and financial adviser can suggest strategies to help couples payoff debt and achieve long-term goals. >> a lot to digest sharon, thank you for the story. >> to read more go to cnbc.com/invest. on deck, futures suggesting more selling may be on tap to close out the week cate faddi s is standing by wit the stock picks. and february is black history month. here is sharon braxton sharing

what this time of year means to her. >> black history month is an opportunity to highlight the contributions of black talent in the u.s. and globally. as a black financial planner, i see black history being made every day. through the advancement of black households and living out their financial plan and living the life and legacy they deserve today, business is a balancing act. you want your data to be protected and secured. and your customers want seamless and easy. with ibm, you can do both. your company can monitor threats across your clouds,

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welcome back to "worldwide exchange." we bring you something special every friday weekly insider buying segment. brian is hosting "squawk box" and he is in early >> good morning, frank this is the segment with insider score to find the five companies

whose executives did the most buying this week five to one. let's do this. stock five ofg. not omg. ofg ofgbancorp $161,000 and number four is ingredion $429,000 by the chief officer. this is the single largest ever at the company this is a new name and one to watch. stock three is azek. $1.3 million total buy by a couple of insiders including the ceo. azek with stock down 32% this year buying into weakness stock number two

leslie's not picker the pool care company. $2.49 million buy. first insider buy since the ipo in the fourth quarter in 2020. and the single most insider buying this week is happening at paypal ceo and others buying also $2.49 million of stock just $4,000 more than leslie's the ceo is buying and big to notice because of this, the ceo sold the stock in december and bought this week. that is such a quick flip from seller to buyer that under rules, he had to reveal profits. this is very unusual that kind of quick turn. paypal seller to buyer in less than two months definitely a name to watch there you go, frank. lots of new names here

ofg. ingredi on on. azek and leslie's and paypal if you watch this, these trade higher on the day and longer term not always they do, frank, have a good track record how about this random but interesting stat 19 names we highlighted are up 10% or more this year led by z oh, ogenix with 62% jump we will see you in a few minutes. >> brian, bringing the heat. let's get to opportunity fridays here on "worldwide exchange" with katcate faddis. the bio-tech ettf down 20% over

the last year. you see opportunities in that space. >> i do. first i want to talk about amgen. $25 billion in revenue they have the patented drugs and gen generics one-third of the portfolio is from inflammation. 40% from oncology. 20% from general drugs stock is cheap, frank. trades at a discount to the market price of free cash flow 15 times. the market has been discounting the big drug companies because they are worried of revenues falling off the cliff. these are bio-teches much harder to copy than the normal drug that comes off patent this cliff is more like a bunny slope.

revenue growth targets all the way to 2030. mid single digit revenue growth. they buy back $6 billion of stock in q1. >> you have another buy. totally other end of the spectrum waste management everybody has trash. where are you seeing the opportunities with this stock? >> i see a lot of opportunities in waste management. yes, by the way, garbage is a great place to be. it beat the market and beat the s&p last year. this market, food, clothing, shelter and garbage. down 13% year to date, but they handled solid waste and industrial and commercial. they are a big recycler. now an esg story renewable waste. solid waste turned into methane. they collect it. they used to burn it off now they are actually turning it into gas and putting it back into the grid. they are spending $800 million

into 17 landfill sites they already supply gas for 20% of the fleet, cars and trucks. it will go to 90% over time. i like this. trades are 29 times. expected to grow 6% a year you are worried about inflation. buy trash. >> i was going to ask you. how does inflation impact a company like waste management? we are price sensitive is that something people notice or don't notice? >> i don't know. i live in a condo. they are getting priced 6% a year they get a little bit of volume. it kind of works out the price story is important. >> cate, can i put you on the spot inflation is the big story today. any other picks you think cannot only continue to hold price, but

do better with the high inflation environment? >> you know, it is fascinating that brian mentioned paypal. we have been looking at paypal closely. the stock is very interesting here it is actually legitimately cheap. that is a big thing to say about a tech company after the years we had i'll go with paypal. paypal is one you should look at they generate a lot of free cash flow they are growing the price action is over done. you saw what happened with peloton. >> cate faddis, a little bit of zoom delay thank you for being with us. that will do it for us on "worldwide exchange. "squawk box" is coming up next

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good morning call it the inflation gut punch. the quickest pace of rising prices in 40 years taking a toll on the markets and your money we will hshow you the markets. the fed's plan is steeper than earlier in the week now major players are speaking out. super bowl sunday is the biggest legal gambling event in american football history. we'll talk about the companies that could benefit from the influx of money. it is friday, february 11th.

"squawk box" begins right now. good morning welcome to "squawk box" here on cnbc when i say welcome, welcome, brian sullivan good to see you. >> thank you very much good to be here. >> good to see you joe and andrew are off today what we saw yesterday was really something to behold. check out the equity futures they are not bouncing back no relief with the dow futures indicated down by 108 points s&p is off by 18 and nasdaq off by 81. that comes after the selloff on wall street. dow down 526 points. that's 1.5%.