and older, want a bit more room, a bit more space it really depends on the cruise line. >> expedia, what are we expecting? >> expedia, they strike a similar optimistic down that booking holdings did expedia, we'll have to see what they say seema, appreciate it very much. that does it for "the exchange." morgan brennan is on "power lunch" with an assistant i'll stend over to morgan brennan right now. >> trusty partner, brian sullivan here's what's ahead. yields are spiking as the fed signals that rates will reach a higher level than previously thought. we'll show you how to build a fixed income portfolio in a fast-changing market plus, as valuations

collapse, which companies should get together we'll sneak a vc who has some surprising ideas brian? >> thank you very much call it post-fed hangover. the dow is not down much the nasdaq is down over 1% that's been the trend for the year, as has this. energy old oil and gas is the best performing sector once again, led higher today by conocophillips they had blowout numbers apa, used be called apache, marathon at the same time the white house is calling for more fossil fuels, more drilling could be very good for these companies. in the treasury market, the yields are popping tro-year yield trading at highest level since 2007 rick santelli is at the cme as

yields continue to pop >> sevens are wild two-year note yields on the highest pace since 2007. brian nailed it. the three-year note yield was dabbling in and out. it needs to close above a 4.65 yield to make a new cycle high-yield close would does any of that matter? it's very important to realize that when we have t-bill auctions on monday and tuesday, you'll see those yields jump because the fed raised rates maturities are going to tack along with what the fed is doing. further down the curve you go, the more bag these mature tis carry. people might want to buy them pushing yields down. right now, that's the only maturity look at one month of tens. hyg, high-yield etf. there's a three-day chart. notice how flat it was and, boom, right after that statement before the press conference, all of a sudden it fell out of bed

if you were to talk to any of the swap traders, vanilla swaps, fra swaps, you don't know what any of that means other than the fact if you were going for a mortgage now, you might want to go for a fixed mortgage. that's what a swap is, fixed for floating it's getting very important to fix because floating has so many dangers associated with the rising fed rate. it's at the most expensive level since march of 202 if you look at gilts, the bank of england raised to 3.2%. 3.4 was the political high water mark weeks ago and the dollar index, we can talk about what it does to multinational companies. it hurts their profits makes imports cheaper, fine. it's a financial issue the dollar being so strong it popped over 2% from yesterday's lows right in between the statement and the press conference

huge bounce. it makes many countries, lesser economies than the u.s. really have to scramble to come up with the extra money to buy dollars to satisfy arrangements. >> that's exactly where i was going you, rick. the fact we did see this pop and we do see debates emerging on our air about how resill yensz in the strength in the dollar is going to be as we look to 2023 >> with the fed on its current glide path, i continue to see volatility in foreign exchange even down days in dollar like up days, they could vaporize as quickly as this 2.5% rally from yesterday's 3:00 lows demonstrates >> vaporize, that's a good word for it with yields soaring, jeffrey

gundlach had something to say. >> bonds is terrible everything changed stocks are overvalued but bonds have done really badly they've gotten to cheap to stocks that that whole relationship reversed. not only are treasuries now potentially a profit-maker i mean, if the long bond is 4.25 t can go down. >> for more on the outlook for the beaten down fixed income market, let's bring in co-founder of bond blocks, the first etf issuer focused entirely on income thanks for being with us today >> thank you for having me >> what's your respond to jeffrey gundlach there i imagine, you agree >> absolutely. i think you can't ignore that you don't have to have a strong call on this market given all the uncertainty we're thinking to think about treasuries. the six-month treasury is over 4.5. this is yield, yields back in your portfolio, hoping with your total return i think the treasury market is a great place to start on the

short end of doing something like making a decision of what you're doing with the money on your sidelines and even potentially, you know, outperforming some other areas of your portfolio. it's just an intuitive, pragmatic thing to think about in treasuries. >> earlier this week on this show we were having a conversation about tips versus i-bonds. i want to get your thoughts for thoelgs who don't trade on a regular basis. how they could actually go about doing this. >> we think of risk assets in a simple way you really need to pick your spots. there is significant dispersion across credit industry sector and also credit ratings in bonds. once you are moving past the risk-free assets in treasury and thinking about credit exposure, you need to think through how you're doing that.

for example, one thing that's overlooked, we think is overlooked or should be considered is that, you know, pre-pandemic and even just before 2022, companies were spending a lot of time reinvesting the debt on their balance sheets at much lower levels than they are today there's runway for these companies to endure economic down turn. we like single bflts in terms of looking for a space that's performing differently than higher risk credit >> outside of high-yield energy and gas, is there any reason to own anywhere down the credit spectrum junk bonds have been crushed how bad could it get >> i think that's the issue. if you're going to try to call a bottom in this market on the

risk side, we do need to remember there are some known quantities we're working with. we understand, i know the fed has conviction to continue to raise rates. except you can be more precise and look at spaces where maybe the fundamentals are actually a small silver lining in the type of credit you are investing in and i think the difference in industry sector and ratings we like to talk about a lot, between energy and health care this past month in high-yield there was a 228 basis point difference in performance. definitely areas to consider something that somebody is thinking about risk asset needs to take a look at. >> take a step back and take a more macro approach to the conversation every day we're debating the rising risk for recession, what that means for corporate america. talk about the state of credit right now, the health of credit.

are there areas that are sending off warning flags? >> i think we don't understand i think we're waiting to absorb more data on the health of the economy. it's difficult we don't want to paralyze ourselves and making sure we're doing the right thing for our clients' portfolios. as long as you have access to more specific exposures, you should be able to make some of those determinations on the cccs versus bbbs, there's such a difference. i think you have to look opportunistically at each space. >> thank you for joining us today. >> thank you very much. let's move from credit to stocks your next guest says rate-sensitive stocks are at continued risk he's investing in staples, lik the sector not the retail store that sells paper

he's expanding the definition of the group to include medical and pet services let's start off with cesars, the online gaming. you know the most attractive thing is they have a user database of like 55 million people, czr. why do you like them >> you hit it right on the head there. absolutely, that database is invaluable that's the largest database for gaming clients so, try to put a value on that but also, you know, i've been a follower of cesar for many, many years. pre-bankruptcy if you can think back to that period, when it went into bankruptcy and came out. this company came -- i'm a former high-yield manager so i look at stocks through the lens of fixed income, is and one thing shining about them now is

even though they're loaded with debt, the ceo in every conference call makes a point to say, we are going to delever indeed, they have. in the most recent quarter they paid down almost $1 billion in debt and he made forward guidance to continue that. in spite of what the fed is doing, i think it's all been said maybe not all of us have said it in spite of what the fed is doing, you have to find companies that wouldn't it be great if you just didn't care about the fed guidance i think cesars are in that k category >> shockwave medical, another company i want to highlight. i'm not -- have you ever talked about this company >> i don't. >> i've not talked about it. we forgot during covid there were a lot of other bad things out there. shockwave, you like this unique treatment they have for clogged arteries that has become a bigger problem in the united

states s.w.a.b. >> it's the number one killer in the united states and perhaps across the world this is an ingenious invention i have a physics background so i love to find the origin of these things but a simple catheter, minimally invasive, which actually most arteries are clogged by calcium deposits that are rock hard. this is able to pulverize that calcium in place and open clogged arteries so, we've often heard of the phrase, hardened arteries. this apparatus is designed particularly to take care of that and its revenues have been growing over 100% every quarter. do you think people that have booked for that kind of procedure, they're never going to put that off depending upon what the fed chair said yesterday or what interest rates are going to be years from now they need that now and that, in my sense, is a staple.

>> and in terms of a third staple, pet health services, what do you like and why are we having this conversation on a day when they're down 12%? >> zoetis is a different story they provide insurance for cats and dogs in this country only 1 million clients so far. it is massively underpenetrated. that's only 2% of the entire pet population people got a head fake thinking this was only a strong, attractive stock during the covid period i will tell you, the continued personification of pets and the devotion that pet owners have to making their pets healthy, definitely lead to a stock companion. it's signed selling agreements hardly covered by anybody in terms of this, but aftlac and chewy have signed on to co--sell

this service they only have 1 million pet clients now so the addressable market has just expanded for them tremendously. >> peter anderson, a couple new names there. really appreciate you coming on and giving us some actionable ideas. thank you. >> thank you >> you own a pet >> i do not. i have three kids, that's enough right now. >> there's a lot of comments i'm going to move on. coming up -- >> i have two of each. roku shares dropping after a warning of a soft holiday season now down more than 75% this year is it an attractive takeover target and who will buy it we'll play the dating game next. plus, the company beat straight estimates and boosted outlook at it battles higher freight and inventory costs. before the break, two stocks hitting all-time highs,

conocophillips, which reported a big problem beat and humana. we have more "power lunch" in two.

welcome back to "power lunch. the decline in the stock market means companies have seen steep decline in their own valuations which ones should be kor or

should be bought let's do some match making d dunkin davidson. you think microsoft should buy roku >> very natural partnership. they need something. they're way behind apple, google, amazon in the streaming wars they know how to deal with hardware and operating systems this is a perfect acquisition for them if they jump right in they have an ad-tier service, and they have an interesting trick up their see which is to tie hire xbox games into streaming games through roku i think they're crazy not to do this. >> can they do this if they're still in a pending activision blizzard acquisition

>> they can handle two at once it also sets them up downstream to buy netflix, which a lot of people have thrown out as an idea seems early right now. one more thing about roku. they hired charlie kcollier, and he launched mad man. this is a match that has to happen. >> here's a second one i don't know if it will ever happen it's an interesting one. c ca carvana, the stock has been wiped out, ebay. why would ebay motors just bring in carvana >> exactly the used cars went through a huge pandemic bubble, it's bursting in fact, wholesale prices are starting to fall rapidly carvana has dropped so much.

it's relatively cheap. so the play here is pick them up i think ebay would have a good run with them. new cars are in shortage they'll probably stay high priced for a while to make room for evs. used cars are going to be the place to be and ebay needs something like this. >> it's interesting you would say ebay and not -- ames is so big, it's already under anti-trust scrutiny. is that why you would say a name like ebay, which also has that e-commerce aspect to it? >> ebay already has a play in the car business this is a thing they could get hefted up. that's why it makes sense. amazon, no, no amazon has other fish to fry not this one. >> finally, spacex should it buy boeing >> elon likes to fix things. boeing needs to be fixed

the art of the deal says you pick up boeing but you sell off military, probably to northrop it may be the space segment of boeing, which elon would want, would be relatively cheap. i think boeing is selling at a huge discount or breakup value the reason why elon is the right guy is boeing has to get back to an energy culture. they've been thinking of launching a new mid-market airline which would transform the core of the airplane business but they didn't do it because it didn't pencil out the engineering culture would have launched it the financial culture doesn't launch anything. boeing is sitting there with huge management bloat. it needs to get fixed. >> spacex and boeing compete they compete on commercial crew for nasa i have a hard time believing the u.s. government would want to see two competitors in an

already reduced environment where aerospace and defense is concerned come together and become even mightier >> it's a great point. i think their joint venture for space vehicles has to get spun out. i think when the u.s. government's point of view, the reason why boeing's ceo was fired a year and a half ago was because they couldn't deliver on their starliner. they can't execute the u.s. government needs them to execute and spacex knows how to execute i think they could clean it up and then execute from the point of view from spacex, they have a vertically integrated set of system for u.s. business versus launch vehicles they contracts tend to be much longer term than more guaranteed than commercial. it really improves the spacex business. >> we've seen m&a. it's picked up a little bit in the last couple of weeks, but in general it's been pretty quiet don't get me started on the ipo market given the fact we do seem to be

going into -- or poised for more of a downturn, we've seen so many stocks beaten down in general. do you think we will see more deal-making, whether it's the ideas you're throwing out there. >> some deal makings. >> or elsewhere. do you think we'll see more creative conversations become reality now? >> you know, there's an old wall street thing, don't catch a falling knife. when these valuations drop, you don't want to start until they start to bottom. i think they're starting to bottom like roku is going through its bottoming process right now. boeing, in effect, is probably beaten up so much, it's not going to get much worse. this is a great time for somebody to buy it. >> wow, duncan davidson, food for thought there. >> creative ideas. i have to give him credit. when i found out i was going to anchor like you today, i thought, i'm going to get her started on the ipo market, but you just said, don't get started

on the ipo now i can't do that. morgan, thank you. on deck, is bitcoin ever really going to break back out we'll talk about it. is now the time to buy amazon? is amazon's founder, this bezos guy, thinking about buying a certain washington nfl team? >> speaking of interesting deals. >> there you go. how about that for a tease. heaven to betsy. betsy? the stock is actually up there see what i did there, morgan we're back right after this.

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a more human way to healthcare. let's talk crypto. fidelity planning to open crypto trading to retail investors. saying they opened an early access wait list to buy and sell bitcoin and ether and factor in a 1% spread every execution price. fidelity is following in the foot steps of robinhood, and we know crypto has had a rough year down 55% since the beginning of this year.

brian, it speaks to the fact that -- companies are making these bets i realize some were made before the so-called crypto winter and they've taken time to build out rollout but they are continuing to bet there will be a marketplace for crypto currencies >> listen, when they say crypto winter, we've gone through many of these if you look at the history of bitcoin, there's some great books out there, bitcoin has fallen 75% like ten times. some were like 12 cents to 8 cents in the early days. those really in love with this, they don't mind it going down. they probably bought it as $1 so bitcoin at $19,000 is huge for them if you believe it's going to $50,000, $60,000 again, are you upset about $20,000? i don't know the believers, you won't have their minds changed, which i respect. >> that's right. we'll have to see how it goes.

let's go to bertha coombs for the cnbc update. >> thank you, morgan here's what's happening at this hour president biden has left washington to kick off a four-state campaign swing. he's starting in new mexico for a rally for gubernatorial candidate michele griffin. a federal court has ruled that the miss usa pageant cannot be forced to allow transgender contestants. the judge, a trump appointee, rules excluding transgender individuals was not discrimination and agreed pageant organizers that ordering them to change their definition of, quote, womanhood would violate their free speech rights. artemis is heading back to the launch pad artemis i will prepare for launch on november 14th. the last test flight was

scrubbed due to hurricane ian. i think this is the third time, morgan hopefully third time is a charm. >> fingers crossed speaking of boeing, sls, the space launch system on this rocket, the most powerful rocket ever to have flown -- >> that the most powerful rocket ever >> it will be. >> so when we move to jupiter, that's the rocket that's going to power us? >> first of all, thank you, bertha coombs. this was built, many years in the making, a decade in the making, billions and billions of dollars and it is going to take us back to the moon and it at some point would potentially go to mars. elon musk is expected to have their orbital test flight out will challenge some records the sls will make if it gets flying before starship. >> if we go to mars, i want to

take matt damon with me because he knows how to make mow tat toes >> i don't want to go to mars. i'd go to the moon, though. >> read ray bradbury money and politics, they're like -- what did forrest gump say, they go together like peanut butter and chocolate? we'll tell you where trillion airs are putting their money in these midterm elections. that's robert frank. >> es, and crocs rocking today up 8% on earnings. we'll talk to the ceo about what's working also the challenges facing the company. cost, currencies, much more. "power lunch" will be right back

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risk of recession. we have two reports this afternoon. robert frank is looking at the billionaires putting their mark on the midterm and elon moi is in arizona, the epicenter of every political issue right now. we begin with robert

>> billionaires spending a record $880 million in the midterms, that's up 44% from 2018 their spending could hit $1 billion by tuesday, according to americans for tax fairness billionaires funded both republicans and democrats but they favor the gop by 3-2. one of every $10 spent on political action committees or pacs came from a billionaire the top spender is george soros, most on democracy ii, that funds largely democratic candidates. richard uihlein, the wisconsin shipping magnate was second with $66 million, spending largely on republican super pacs. ken griven spent $66 million on republican super pacs and candidates, in addition to the $50 million he spent just in illinois

the new money bags in politics is sam bankman fried spending $40 million to fund candidates friendly to crypto regulation. of the 18, 16 of them won. good roi for him other big donors include michael bloomberg, peter thiel, larry ellison and steven mandell. >> that's the usual suspects, right, in terms of big political spending is there any any sign at any time that eventually there will be a cap on this kind of spending this kind of spending, whatever party you're in, political parties are just billion dollar corporations and people get suspicious, money in politics. peas and carrots is actually apparently what forrest gump

said, robert >> look, you're right, brian there are some new actors this cycle. ken griffin, many people see him as the new coke of the republican party in the coke family that used to fund a lot now ken griffin is funding a lot. he's new in terms of the amount he's spending. blankman-fried hasn't been around a lot but on the cap question, until citizen united is revisited by the supreme court, which is very unlikely given that court's makeup right now, there will be no cap on spending by these billionaires >> robert frank, thank you very much now to a different in politics, in phoenix, arizona, where the homeless population is a flash point and business finds itself once again the center of the issue. probably not the only issue, my guess as well, immigration as

well and this is, like a lot of other states, nevada where you just were, a tight race >> reporter: phoenix has the highest inflation rate of any other city in the country. you can see the fallout of that right behind me here this is called the zone. it is the largest homeless encampment in the city of phoenix. the situation has gotten so dire, local business owners are suing the city over it debbie, who owns the old station sub shop with her husband, joe, is one of them >> dobt know what we're going to come across in the morning someonesleeping, someone passe out, tents, urination, defecation, so it's been very, very difficult. >> reporter: the zone stretches for several blocks downtown. the lawsuit alleges mental illness

illness runs rampant along with drugs and crime. kari lake says get treatment or get moving katie hobbs is calling for more affordable housing and $200 million in a trust fund for the homeless joe says he's just trying to protect his life's investment. >> i'm a sandwich maker. i'm not a politician i'm not a lawyer all i know is this is not fair >> reporter: now, the city has filed to dismiss this lawsuit but it said it's committed to working with the businesses involved on a solution >> you touched on it briefly but to dig in deeper here, what are the proposal specifically in play to help not only the people but the businesses >> reporter: i talked to the lawyer involved in this case he said some of the ideas they suggested are more structured tent encampment as well as more temporary structures

they want this declared a public nuisance this also feeds into voters' concerns about drugs and about crimes, both of which will play heavily into next week's midterm elections. >> thank you coming up, we're looking at pandemic darlings that have fallen on hard times, including moderna. what could give this stock a shot in the arm? on the other hand, crocs - >> i see what you did there, shot in the arm with moderna >> yeah. you got to get up pretty early to fool me. >> i know. you're up earlier than most. the dow's flat we'll be back in to. technology lets drones deliver pizza. no,no,no! have a nice day. but to deliver powerful insights that are on target you need more than technology. you need cdw. we can help transform and manage your it environment with a dell technology solution, so you can use your data to innovate.

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welcome back to "power lunch. shares of pandemic winner crocs surging today after record three quurter results and strong back-to-school sales, raising full-year guidance despite higher freight and inventory cost that stock has troubled in the past three years but has fallen back down a little bit, 40% this year let's bring in andrew reese, the

ceo of crocs you have a full lineup, if our listeners on the radio picture a guy standing in front of a bunch of shoes, that's you thank you for joining us here. it said pandemic winner. imd go against that. you guys were hot before the pandemic obviously, where do we stand now in terms of, quote, back to normal, which i can't stand, but i'll say it anyway where do we fall from your perspective? >> i think we are getting back to normal. i agree with you, i can't stand it either. croc was trending strongly before the pandemic, we were able to win during the pandemic, attract incremental customers. as i think about the consumer today t i think about the consumer shopping in store, online with brand-dedicated web websites i think that's relatively normalized and but i think what you're also starting to feel a little bit is the consumer feeling some of that compression as they see inflation, as they see interest rates rising so they're starting

to be more cautious where they spend. >> listen, we talk a lot about inflation on in network, as you probably know. the last couple of years, everyone's pointing fingers. here's the reality, please, as i see t. if i'm wrong, please tell me during the pandemic, right, we had a lot of money that came into the system. a lot of people were locked down, they went online and shopped. you didn't have to discount. people pay full retail for everything which is why corporate profits across everything tended to soar. where is the consumer now? do you have to start discounting? what are your inventory levels and how does it compare to two years ago? >> yeah. you're absolutely right, brian the peak of the pandemic there were two major factors affecting company. it cost you a lot more money to get your goods into the country and goods to the consumer. you felt pressure to pass that along. second there were constraints. there were a shortage of supply.

so, you really had no need to discount and the consumer, if they saw it and liked it, they knew they had to buy it because they probably wouldn't get it later. today, i would say we're in a more normalized kind of promotional and consumer inventive environment where the consumer is looking for incentives they are waiting for those key holding periods, black friday, cyber monday, when you typically expect promotions. i think we're in a much more normalized environment and there's a little bit of additional pressure from excess inventories. a lot of companies ordered too much relative to what is now consumer demand so there's a little excess. i would say in that environment, crocs is managing that really well you know, we are -- we are a little more promotional and we do have to incentivize the consumer but we're still able to translate that into very significant operating profits. we're really best in class in our sector in terms of how much

revenue we can translate into operating profit for shareholders. >> we had the conversation daily on this network about, you know, the resilience of the american consumer we also have the conversation about a strong dollar. it really jumped out at me to see that you're forecasting such strong growth internationally. what do you attribute that to? is that in spite of currency headwinds? >> that's very much in spite of currency headwinds we have a large international business and that has been impacted both on the top line and also from a margin perspective as the dollar has strengthened obviously, i think the dollar is continuing to strengthen with the additional interest rate rises we saw yesterday that is in spite of that why is that happening? that's really happening due to the strength of the brand. we've seen tremendous brand strength here in the united states over the last three to four years that is now starting to mirror and key international markets. we can see that in western

europe we can see that in the middle east we can see that in key parts of asia as we get to really execute our playbook in terms of engaging consumers with collaborations with inventive marketing with new product and energizing the consumer i think additionally we have an opportunity if the consumer is feeling more constrained over the next 12 months or so, if you think about a potential recession, you know, we sell very approachable price points our average price point is $50 to $60 we're not trying to get the consumer to part with $200, $300 for a pair of shoes. so, we're in a great place. >> really appreciate you coming on some fine looking shoes behind you, andrew. have a great day. >> thank you our three stock lunch today, three pandemic darlings, which have fallen out of favor peloton, moderna and amazon. amazon trading at its lowest level since march 18 of 2020 that's the pandemic bottom for that ne.am is there hope for a turn-around?

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welcome back today we're looking at some once-hot pandemic stocks

peloton is -- now 90% off the highs. amazon shares back at its pre-pandemic levels, and moderna lower after missing estimates. is it time to buy or run for the hills if you're an investor. david wagner is portfolio manager, and has our trades today. let's kick things off with peloton. >> i think i'm running for the hills, morgan. the biggest question for peloton is does the business story turn around it does feel as if this quarter investors saw some stabilization. i'll give the team a lot of credit there was a lot of optimism, but it's no secret that revenues have dropped off a cliff, almost 20% over the last three quarters this quarter, right now, coming across four different quarters,

and different comps. this was the third quarter of that fourth quarter cycle right now. this quarter should be the last tough comp so there's one more quarter for investors to really worry about. that quarter just during this earnings call, that call was lower. what if there's an uptick in demand in 2023, you have other overhangs such as snitch torrie and negative cash flow i believe the stock will be in the penalty box until the niche torrie problem is behind them and there's some clarity moving forward. the company has made a lot of improvements in these areas, especially on the free cash flow side, but i think there's risk, especially in the pashlgt doesn't believe in the new fundamental issue of the company moves forward. >> is there a data play here with peloton i don't know if you use it or not, but they know a lot about you. we talk about the value of data. a, they probably know your

income level, we have to move on, i wonder if there's a data level there. let's move on. amazon's probably get a slowdown a little bit, but what's your take on amazon right now >> they definitely caused a ruckus, but i think the stock that infuriates me more is f.i.s. -- it's over-owned, definitely a funding mechanic tism. one thing that surprised me, if you look at wall street, there's only one sell rating i get it, that's only 10% off the covid bottom, but i really think that people would have started throwing in the towel by now. one of the biggest things we have learned has come from google and meta, that the markets absolutely hate any

increase in spending now we're learning today that amazon, while they stopped hiring on the aws side, and today they stopped the hiring on the corporate level. what i've been saying about amazon on this perhaps in the path is this stock does well when it's -- not when it's investing. it means, margins matter profitability is king. if you go back to the last quarter, you saw the stock rally really hard off better profitability, but fast-forward to this quarter. this quarter it's slowing aws and rising costs, reducing visibility it's tough to own here. >> one sentence, moderna >> i don't think that analysts are correctly modeling the potential readouts on the drugs that have gotten great momentum here >> dave wagner appreciate it. three-stock lunch. peloton, amazon, moderna

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thanks to avalara we can calculate sales tax on almost anything, anywhere, automatically. avalarahhhhh. what if tax rates change? ahhhhhh. filing sales tax returns? ahhhhhh. managing exemption certificates? ahhhhhh. business license guidance? ahhhhhh. does it connect with accounting? ahhhhhh. item classification? ahhhhhh. cross-border sales? ahhhhhh. what about? ahhhhhh. ahhhhhh. do you have those budget markups? thank you. mmhm. [bubbles] welcome back we have a few stories before we go this one, if you haven't heard it, is interesting according to numerous reports, jeff bezos is reportedly interested in bidding for and maybe buying the washington

commanders football team according to numerous reports, the deal could include rapper jay-z as well. espn recently reported the embattled owner is exploring options to sell the team he bought it in 1999 for $800 million. at the time that was a record. whether it's bezos or something else, he'll probably have to sell the team because of a lot of issues with him and his staff. somebody lie jeff bezos has reported >> i'm going to tick off all our viewers in denver. i love you, denver, you're an amazing town if the broncos went for 4-6, the

commanders probably have to go for maybe november of 5.5, 6 billion? >> we'll see >> we're going to find out well, that's going to do it for us here at "power lunch. "closing bell" starts right now. investors are trying to maybe sense of the welcome, everyone, to "closing bell." dow just went positive you've got weigh necessary in home depot, apple and visa