( ♪ ♪ ) ♪ (when the day that) ♪ ♪ (lies ahead of me) ♪ ♪ ( seems impossible to face) ♪ ♪ (a lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ a bank that knows your business grows your business. bmo. good afternoon, everyone welcome to "power lunch," alongside kelly evans, i'm tyler mathisen coming up, small caps making a big comeback the russell 2000 up 5% this week now positive for the year. should investors care or are the magnificent seven far more important to the markets and your portfolio plus, one of the busiest

travel weeks of the year is coming up and multiple storms are in the forecast. we'll discuss the challenges with the former ceo of united. >> could we get snow that's what i want to know. first, let's get a check on the markets. the dow turns positive and is around session highs today, up 36 points. the s&p up and the nasdaq up 22. the russell 2000s keep gaining, up again today about 1.3%, outperforming and up better than 5% on the week check out shares of gap. soaring and on pace for a record increase after beating on earnings, powered by old navy. is there more room to run or did you miss the rally we'll get the trade coming up. now to the story practically everyone is talking about, and that is elon musk's post, which many, including the white house, have called anti-semitic on x, musk wrote, quote, you have said the actual truth, end quote, in response to a post saying jewish communities pushed

hatred against whites. musk went on to say the adl unjustly attacks the majority of the west because they cannot criticize the minority groups who are their primary threats. ibm saying it's going to remove all of its ads from the platform, as the musk post coincided with their ads being placed close to ads about adolph hitler they say they take steps to combat anti-semitism and there is no place for it in the world or on x. remember what musk told our david faber earlier this year. >> i'll say what i want to say if the consequence of that is losing money, so be it. >> people invested in tesla may not be as willing to accept the consequences of musk's actions, including kawasaki ceo, ross gerber. >> as a shareholder, it's

absolutely outrageous, his behavior, and the damage he's caused to the brand. simple as that >> and joining us now is a tesla shareholder, kristen hull, founder and cio, a marketing professor at upenn's wharton school of business, also a cnbc contributor. let me begin with you, kristen, because you condemn musk's recent post on x that confirmed and agreed with anti-semitic views. you said among other things, this behavior is unpredictable and it is nonetheless dangerous. this type of antagonistic behavior by a ceo would typically result in the board of directors taking serious action. why do you continue to hold the shares >> that's such a good question thanks for having me today just to be clear, we did hold the shares for a long time in our core portfolios, and yet with other recent news of racial discrimination and the allegations happening both in

california and new york, we removed the shares from all exposure to client portfolios last year. that being said, we do hold some shares because, as an investor, it's both our right and our responsibility to speak up for the issues that matter and in this case they really do need an investor to push that board to do what is right. >> why can't you speak -- why can't you divesting the shares and still speak up as an interested party, as a major investor in an investment firm who has been a holder in the company and has decided to pull out of the holding of those shares because of the behavior of the owner >> that's a technical issue. so we file shareholder resolutions with the s.e.c. and it's a requirement to hold the shares to be able to do that and so that is why we have to have them, to be able to file a shareholder resolution and appear on the proxy ballot. >> filing a resolution is one thing, but complaining to the

board would be totally separate and you could still do that, obviously. >> absolutely. and we do. we have written letters to the board and we're part of a coalition of other investors who are also co-signing letters to the board as well that have not been answered. >> thank you what should the board do in this case, and it seems -- i'm going to editorlize. he needs to shut up or grow up or both. >> it's a great point, tyler i think that it's an important point here to be made that you just can't go off willy-nilly making these kinds of comments i think it's quite interesting when you're in a situation where you're not doing any real advertising for your companies your advertising is conflated with your personal opinions on a social platform that you own you can run into trouble when you're sort of giving comments off the cuff and things of that nature this is obviously very, very dangerous, and just a silly kind

of unforced, unnecessary self-inflicted wound, because you're trying to grow the business, you're trying to build ad revenue so to put yourself in harm's way where companies say, listen, we're going to suspend our advertising efforts until we can figure this out, it just makes no sense from a business and strategic point of view. i think boards need to come out and natural to elon that this kind of behavior is not going to cut it. >> kristen, shares of tesla were higher today for all of the pushback against musk, and people suggesting that they sell if they're unhappy with him. they're up about 1%. also, they're up about 5% since musk bought twitter and up 41% since the interview you just heard a snippet from when musk said i will say what i want, if the consequence is we lose money, so be it. tesla hasn't lost money yet. there's not that much pressure being exerted, is there? >> we're not seeing that in the short term, absolutely and the shares are up over 100%

this year. what we have concerns about are the long term, and tesla, if you think about its assets, one is the brand that we've already mentioned. the other are its people and its employees. so the ability to attract, hire, promote and retain top talent is the key to tesla's future, and there are many that are not going to want to work for an erratic ceo that has this type of behavior. we have concerns about how they're also, on the consumer side, they need to sell those cars, and there are many saying we don't want to be associated with that brand at this time >> let's turn to the ibm pulling its advertising money from the platform, which didn't directly have anything to do with the tweet -- or the x or whatever you call it now that musk placed there. but rather with the proximity of ibm's advertising to other postings that either embrace

pro-nazi or other kind of hateful speech what are companies to do it was not just ibm whose ads were near this kind of content it included apple, it included our parent company comcast as well >> yeah, i think it's a great point. i think kristen just made the point that the brand is an asset. the people are part of the brand. the people inside the organization are important linch pins in terms of making the company successful if you're not coming out and making a stand against this kind of stuff or you're appearing adjacently to this kind of stuff, like you were saying, as a function of an algorithm, who knows how it's working, you're in harm's way. this is the kind of thing that smart companies will say, you know what, this is way too divisive, way too important of an issue to allow ourselves to

be pulled in to kind of a chaotic respond, because now you're in the hornet's nest sort of approach. i think a lot of companies are going to say, listen, we've got os to have some kind of guarantee there are values and the types of things they say has got to be in alignment with what we think our brand stands for. >> kristen, you touched on this. you talk about people not wanting to be associated with the brand tesla, for example do you see -- so the question is, do you see these comments of mr. musk potentially damaging the sales of tesla automobiles, number one number two, what, if anything, could tesla do to distance itself from its founder who is almost synonymous with the brand? >> that's right. it's such a good question,

tyler, because tesla is the founder -- excuse me, see, i don't even know. i'm confusing it so elon is the founder, tesla is the brand, e lon is the brand how to separate that is complicated. when a ceo is so divisive, it is really time for the board to take a stand we've got a tricky situation because there's nepotism on the board and the board is highly compensated and it's very much tied to elon's wishes. so this is a really tricky conversation and it's a really tricky stance for investors because we are looking at multiple bottom lines here for them to be able to keep these government contracts, to be able to sell more cars, and for people to really want to be seen in a tesla, we really do need to have a fix. >> i guess my follow-up to that would be, are we at that moment yet? that's sort of a question about the share performance we've seen the risk is out there, but it doesn't look like it's hit

critical mass. >> it's interesting, i would say we've been at this point for a long time. there have been headlines for years about racial discrimination and too many tweets to count that have been in conflict to growing the brand in a positive way. i ask the question, what could the shares be doing, what could the company be doing if they had leadership that showed positive and constructive human capital management, if they had systems in place where they showed that their employees were held on the asset side of the balance sheet, something to be cared for, to be invested in, as opposed to on the expense side of the balance sheet, which is what we're seeing, something that's expendable, where employees don't matter and so if we had a ceo in place, if we had governance in place that showed that tesla was a

really fabulous place to work, i think the shares could triple in price. >> can these companies that are either owned directly or heavily influenced by mr. musk, can they continue with him in those roles, or do the boards need to put their feet down? >> yeah, i think it's a great point. i think the boards definitely need to put their feet down and signal quite strongly against this kind of stuff, tyler. i think what's interesting is that what helps protect elon musk is that he has a legion of identity loyal advocates who he speaks to directly in terms of x when he speaks to these 160 million plus people, so they are motivated to create a narrative that rationalizes the types of things he does they may make an argument that he's to be admired because of this off-the-cuff, i speak unfiltered, i'm not controlled

by anyone part of the brand that's built into this i think it's going to be tricky. i think he's going to be able to enjoy the protection of his identity loyal fans for a while, but i think if he continues this sort of stepping into these kinds of hornet's nests, it won't be long before people will begin to start distancing themselves from him and his brands. >> thank you for the discussion, both of you. we appreciate it coming up, the case for small caps after lagging for most of the year, the russell 2000 has started to perk up should you think small going into the end of the year check out the two big cybersecurity etfs higher today, higher on the week, the month and the year and the ceo of po to wnsalalar there will be more demands on the way because of ai. "power lunch" will be right back

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welcome back to "power lunch. small caps have grabbed our attention this week as the russell 2000 has outperformed all the major averages, including the nasdaq year-to-date it is still basically flat, while the nasdaq is up close to 35% check out this stat. the combined market cap for the 2000 stocks in the russell is $2.6 trillion. apple's market cap alone is $2.95 trillion, microsoft's $2.8 are small caps a big deal or should investors just trust in the magnificent seven. let's talk to the small cap fund

portfolio manager. dan rasmussen recently asked if we were at the death of small cap equities over to you, please. >> yeah, i would say it's the exact opposite i always like that yogi berra quote that says nobody goes there anymore, it's too crowded. when you think about small caps, it's the opposite. nobody is there and that's probably where you should be looking. we've had absolute historic underperformance of small caps versus large caps since before covid. if you look at since january 2020, the s&p 500 is up about 40%. the ebitda of all the constituents in the index is up about 30%. if you look at the russell 2000 since 2020, it's only up about 5%, but the underlying profitability of these companies is actually up 40% but if you look, 50% of all small cap stocks right now are down more than 40% since the

market peak in november of 2021. we have never seen that before in history 30% of all small caps are trading below book value, all-time high. almost half of small caps actually have net cash if you look at their balance sheets, their debt is ebitda is a touch better than large caps i'm not here to say that small caps are less risky, i'm just here to say what we're discounting today is way too much we've never seen it before and it's probably where investors need to look for opportunities. >> so why have these small caps been so tarred, my word, not yours, number one? and then, what is going to cause that situation to reverse? >> sure. it's a great question. and the reality is, we've been in this -- i've been calling it a federal reserve thunder dome where interest rates go up,

stocks go down, vice-versa on the install cap side, it has been three x that move every time we have a move in interest rates. the reality is that passive investing 20 years ago was about 20% of aum today it's almost 60%. the majority of the time the bids for stocks are coming from passive investing. so if you sector like small caps is out of favor, there is just no bit forget about the day they announce earnings. the day they announce the date they're going to announce earnings, these stocks are going down and you have a number of stocks down 30%, 40%, 50%, that have hit their numbers all year, have grown profits, have open-ended growth stories, recent insider buys, and there's no bid for these stocks because they're not in favor i just listened to you debate tesla for ten minutes, where you have 50 wall street analysts, an

overpriced car company it's very hard to get an edge in those stocks on the install cap side, you have idiosyncratic stories where a management team and a product can really make a difference and nobody is looking at these stocks. >> your way is flat or down, while tesla has doubled this year >> right. >> let's talk about some of the areas you have the most confidence in. i don't know if you would advocate buying the russell broadly. there may be quality issues. what would you buy >> i would look at specific stocks the fed rated kaufman small cap fund, that's what we do. fortress energy, is stock that is down year to date, founded by the current owner of the milwaukee bucks, on a basic premise that the u.s. is long on natural gas and the world is short clean, stable, affordable energy his company is in the process of taking $7 billion of

infrastructure they've been building over the last few years, all coming online in the next 30 to 90 days this company wasn't making any money in 2019 and next year they're going to earn $2 billion of ebitda. the stock is trading under six times valuation of their ebitda. warren buffet bought down in louisiana for 11 times ebitda. this is a company if you go to where there's been recent transactions, the stock will double. >> all right anything else before we go >> yeah, absolutely. let's talk about -- i can talk about stocks all day. >> give us two more. >> sure. let's look at the ticker meg the reality is they fix, remediate and detect bad things in the air and in the ground, whether it's pfas emissions. this is a movement decades in

the works, and they are a company that solves the problem. the stock is down 30% year to date at the same time they've grown earnings, they've hit exactly what they said they're going to do in the last week you've seen the cfo step up and buy stock and you've seen directors come and buy stock. the stock is nowhere because there's more sellers than buyers because nobody is looking at small caps. >> quickly on the last one. >> one other stock, custom trucks, ctos this stock interday last week when i was meeting with them at the industrial conference was down 40% interday because at one point in their conference call they mentioned there were a few weeks in october where they saw a little bit of fluctuation in demand they provide equipment for utilities for capex, hardening the electric grid. they mentioned there was a little wiggle as interest rates rose, but down 40%, i don't think so

you've had the ceo, cfo and directors all buy stock in the last week. >> steve pounding the table for small cap stocks. >> let's go. >> thank you for your time today. have a good weekend. further ahead, the artificial intelligence making hackers smarter? we'll explain why palo alto is raising a warning flag around new ai-powered hacks power lunch will be right back i would say that we're closer than the average mother daughter.

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rick santelli is in chicago following bonds for us. >> down on the week. it's been an important week. we had cpi, 3.2 year-over-year headline, 4% year-over-year core, well above 2% for the fed's targets. continuing claims, 1,865,000 two-year high, and you can see where the two-year sits now, we're down 17, down 22 basis points let's go to the charts of course, this is cpi day what's important here is to always pay attention to the previous day's session

if we look at how the support level is borne out, once you violate some of these previous day session lows, you get a lot of activity just like we did yesterday and today. but the problem is, is that they're getting smaller and smaller. what that tells me is that as we move from 5%, 4.5% was in many traders' minds we basically hit it. now, if we take a longer-term view, the reason that's an asterisk, i hope you remember, 23rd of october we were on the air together we called that outside session we called the highs right on this show. what's important here is all the different moving parts let's look at the wave count we have a five wave count. that usually gives you the trend direction, which seems to be higher another issue is this head and shoulders here if you look at the neckline, any close below 440 is very significant. and the other issue that i think

merits looking into, if we take one of my old favorites and you look at this most significant area here and you draw the high/low perpendicular midpoint, you get a lot of different technicals that bring you to the levels we're at. we want to pay particularly close attention to 440 for the close. should we close below that, my next level would be 425. nice big round levels. >> rick, thank you what about oil a little bit of a rebound today. pippa stevens is here. >> rebounding today after falling to a four-month low yesterday. still on track for a fourth straight week of gains it really feels like there's no fundamental reason for today's rally, being called a dead cat bounce the contract does expire on monday, but it is notable that it did flip and reiterated that the market feels like it's oversupplied crude is stuck in this range with everyone looking ahead to

the opec+ meeting on november 26th that's a week from this sunday we're seeing more and more firms saying that they could do some sort of cut or saudi arabia and russia extend cuts into the fourth quarter of q1 2024 because there is a floor they want at the $80 level. so are they going to take that move and of course one of the reasons why the market has been very well supplied is because of non-opec production. that includes the 13.2 million barrels a day and stronger reduction out of places like brazil saudi arabia can't be very pleased with what's going on in the u.s. and so they could potentially cut more or they could choose not to there's a lot of questions. >> it's funny, because dan pickering was just tweeting that he gets nervous around thanksgiving because of similar events from seven years ago that destroyed the bears. how likely is it that saudi

arabia might actually come in and do something like that >> i don't want to put a number on it, because kind of their policy has changed i think that one thing they like is they like this ability to surprise the market. you never really know what they're going to do. i think at the end of the day, they have very cheap production and they can really afford to bring the production down. it's currently 9 million barrels per day from 12. they could bring it down even more without feeling any sort of real pain for the long term. but then they're throwing a bone to u.s. producers, so at what point do they say, we don't want to help the u.s. by keeping prices supported. >> and helping our output take a share. have a great couple of weeks. >> we'll miss you. >> we will, dearly. >> what will we do here at 12:30? >> i'm coming back. let's go to courtney reagan. cnbc news update. >> president biden closed out the apec summit by meeting with

mexico's president the white house says the two were discussing migration at the border the meeting comes as biden faces criticism from leaders who say they need more help dealing with an influx of migrants to their states and cities. the former head of spanish soccer has been unfit to work in the sport in spain for three years. the decision comes months after l l luis resigned. fifa banned him for three years. people in new jersey can get holiday drinks delivered to their homes and beyond state regulators just approved permits for doordash to deliver. it rules out deliveries to college campuses, and byob restaurants. we had beer delivery i was kind of surprised by this news. >> thanks very much. appreciate it. ahead on "power lunch," a

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for your business today. comcast business. powering possibilities. welcome back to "power lunch. we are heading into what is expected to be a busy travel week but mother nature may complicate travel plans as storms are expected early next week for more on the state of the airlines as we kick off the holiday travel season, let's bring in oscar munoz, former ceo and president of united airlines, also a cnbc contributor. i'm going to ask a broad question than the specifics of this travel season, which looks like it may set records or get us back to 2019 levels, at the very least a broader question, is the air traffic system ready right now, are there enough pilots, enough support staff, controllers, et

cetera >> there's two different infrastructure items, there's air traffic control, a system which is, i think, in poor and brittle and outdated condition i've been very vocal over many years about the need for us as a nation to reinvest in that with regards to the operational side, it is much better than last thanksgiving, and, yes, it will be another record there's weather coming up, but at the same time i think the system itself, the things that the airlines can control and airports can control, we're in a slightly better place. >> you keep hearing about pilot shortages, even at your alma mater, united. you keep hearing that there just aren't enough pilots and they're having to go out and pay super bonuses to attract people and poach them from fedex and u.p.s. and so forth >> again, there's clearly a continuing message from certain airlines along the path.

you don't hear quite as much of that from the larger airlines. clearly, there is a pecking order, and some of the smaller airlines may have some vacates going to the larger airlines by and large, i think the bigs are doing something worthwhile and creating the pipeline for the future there will always be shortages, but, again, that's not as much of a concern with the larger airlines in the country. >> i also, oscar, have a couple of questions about the industry right now. one of which is, we do hear after the reports of a lot of near-misses last year that the air traffic controllers themselves and a lot of the workers, that's maybe an area where there's brittleness, to use tyler's word do we have some issues there, and how can those be fixed and addressed? >> so it's always a difficult conversation because we're going into a governmental agency and

they are people we rely on, all of us as u.s. citizens, rely on for our safety their brittleness over time has been a lack of resources, a lack of hiring, and then, of course, the training that's required and the experience, more importantly, to deal with these issues as we mentioned, next week is a busy week. it's always great to have people that have been around and have handled that before. so you have that human brittleness to some degree how you fix it there's an faa reauthorization bill coming up, clearly the agencies need money and need the right training programs, just like any entity or business, just to have that pipeline of qualified, trained individuals to keep all of us safe in the air. >> i'm also glad we're showing shares of jetblue. spirit is up there as well what's going on with some of the smaller players? a lot has been made of the southwest discount fares and whether they reveal bigger problems jetblue has had operational

challenges in recent years it used to be one of the best airlines and now it's more often found amongst the worst. what are the implications? how do you think we got here do we need more m&a? it's always difficult to have that conversation in a regulated space. >> there's m&a going on now as we're waiting for a big decision with a couple of those companies. by and large, mand, consumer demand is a market-based program, people will go where they know they're going to get their flight out on time, get the right service. so the consumer will vote with their wallet and go to the right places demand is very strong, strong and stable i think one of the things that you have when you talk about fares, and in my old world, as a general nature, it is a function not so much of demand, but of capacity i think some of the airlines you mentioned are growing and have a lot of capacity, more flights.

if you think about from 2019 until now, the numbers are as high as 40% increase in the amount of flying someone like united and delta are more moderate. so it's plenty of ten x capacity and they have a lot of planes going a lot of places. so that will tend to bring the fare sales down. it is a bit of a product choice perspective, and, again, the fares, their equity is declining, which is a larger function of what we call cost convergence where the cost of fuel, the cost of pilots, as mentioned before, is hitting those usually low cost airlines and the cost base is increasing. they're having to scramble more. as the equity holders look to the future they don't see necessarily the right path to some degree, you're beginning to see a break in the industry from the bigger, more established carriers that have been able to manage and can fly

places like international to make up some of the revenue and lower costs. i think the new term is lower margin airlines that are being affected, and certainly the stock market is affecting that. >> oscar munoz, former chair and ceo of united. >> lower margin airlines they're not cheap enough to be low cost because some of the factors you mentioned. while ai could make a lot of things easier, it poses a host of risks as well, including more advanced hacks we'll get details on that next ♪♪ we're not writers, but we help you shape your financial story. ♪♪ we're not an airline, but our network connects global businesses across nearly 160 markets.

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i'm branch's brother. ooh, drama. corn me dinkles. this is your second chance with your brothers branch. wet willie! ah stop it. i am a grownup. sorry. a wet william. welcome back ai has the potential to increase productivity, but what happens when the newfound power can also be used for the wrong reasons? cybersecurity officials have been increasingly warning that ai will make hackers more productive and more dangerous. palo alto joined the chorus on "mad money" with jim cramer. >> we see adversaries using ai

now to attack customers. this is happening in real time people need to get their technology stacks up to speed, more robust, more in the next generation that's something we all have to do across the board. >> my next guest says everything that voice changers to software development tools have been helping hackers. he also think ai could be the key to defense joining us is david kennedy, it's good to see you it feels like ai wins either way because it's creating the problem and creating a solution. >> kelly, thanks for having me on you're absolutely right. it's a conundrum because there's not a lot of regulations, rules and laws regardless, hackers aren't going to abide by them in the first place. ai has been around for a number of years, the advancements, though, continue to move rapidly fast and hackers are innovative. they think of new ways of doing things we've seen everything from ransom cases where they actually call somebody up impersonating a daughter at 2:00 in the morning,

kidnapped, demanding $50,000, and it turns out their daughter is at home sleeping. but they have no idea because the voice is the same, the mannerisms it's definitely increasing at an exponential rate and defense has to do that as well enterprises are already behind we really need to play catch-up. >> it sounds like it's going to be expensive and i think that's why we showed the cybersecurity stocks i think this is important, a lot of businesses are going to hear this and get scared. we don't want to scare them into paying for something they don't need what do they really need to be prepared for here? what should they be spending on and how should they spend it >> it's a great question what most companies struggle with is visibility in their own environment and understanding what these patterns look like for hackers. you might hear ai starting to create prototypes, code and malware that become harder to detect they're still using techniques that hackers have used for 20 years, it's just changed and spun differently when you're focusing on trying to defend, you look at the

recent mgm hack where they used voice modulation through the social engineering desk. the patterns that happen after that, getting access to the systems and spreading like wildfire across their enterprise, those are things we need to be prepared for. the best defense really is visibility and understanding how these attackers are compromising so that you can shut down the attack in early stages and not seeing catastrophic breaches that we see for the large and medium and small businesses across the world. >> who has got the lead right now? who has the leverage long term can the good guys win? >> i think good guys can win and we are winning it's much harder to hack into corporations today than 10 or 15 years ago. the issue you run into is that when you look at a lot of these companies, they're 30, 40, 50, 100 years old and they're using legacy systems, systems that haven't been touched in 50 years. critical infrastructure, these things take time to progress and

move away from, old ways of thinking, and more modern-day defenses it's just going to be a lot of pain and suffering until we get there. we are doing really good at defense, companies are getting better it is a priority board members are talking about it it's just going to take some time to continue to build defenses and keep up pace. >> the cost of cyber insurance has been a sore point and a big one for a lot of companies what about for people? a lot of the tricks you mentioned are also being deployed person to person, within families. a lot more people seem to be using social media to kind of scam what should people do? >> i heavily recommend right now the biggest one we're seeing is these ransomware where they call you impersonating a parent or siblings or spouse and using their voice. and it only takes a few seconds of having their voice to actually create the mannerisms that you would hear on the phone that you're talking to somebody. you have to have a challenge

word with your family remembers that they can say on the phone that validates who they are as an individual or person. it's coming to the point to where you can't tell whether or not it's them. >> question for you. i've heard people saying you have to have a challenge word. >> i've never heard of that. >> a code word that you and your family know means you're talking to the real person what if i get a spam call and they say what's the challenge word and i tell them, can't they just do that >> it's more so when you're havingdialogue with somebody that you know. so if you're talking to your daughter or your son or your spouse, they would have to say that to validate who they are on the phone. in a situation where you're seeing, hey, i'm kidnapped, that's a good spot to use that type of word and have those established within your family the one we dealt with last week, they combed the social media site and they knew that the daughter was going to a place, so they actually mentioned the daughter was coming from the

play and that's when they kidnapped her. it was real. the parents had no reason to believe it wasn't. these type of situations, those are the only ways you can combat it because it's getting very believable. >> david, thank you very much. >> alarming. >> appreciate it up next, ait. up next, a retail surprise, gap up nearly 30 in what is being the most compelling beat to date thanks mainly to old navy three-stock lunch is next. we'll see what our expect thinks of gap and two others. ♪ something amazing is happening here. data is bringing creativity to life. that's because cdw showed animation studios new ways to maximize their infrastructure,

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okay time for three-stock lunch, where we look at three big movers of the day. here with our trades is jerry casselini. shares of gap gapping up 30% after quarterly profit and revenue beat street expectations what's your trade on gap >> my trade is to buy.

>> what is that,shares are dow 4%, 5% today >> this is fantastic.

and i just don't see why microsoft doesn't make them go away >> simply put. already. thank you very much. >> it's friday afternoon you got what you got >> you know it thanks again have a good holiday, my friend >> there are more stories you need to know when "closing time" comes right back

♪ (captivating music) ♪ (♪♪) the first law of thermodynamics states that energy cannot be created or destroyed. (♪♪) but it can be passed on to the next generation. (♪♪) in the u.s. we see millions of cyber threats each year. that rate is increasing as more and more businesses to the next generation. move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network.

[speaker continues in the background] the network with 24/7 built-in security. chip? at&t business.

welcome back about 90 seconds left in the show a couple more headlines you need to know starting with amazon blocking promotions for employees who do not comply to return to office requirements. >> that's coming to a lot of employers near you it's also surprising that amazon would be so heavy on this. >> especially if the labor market keeps weakening. the process of buying a home is unique in the united states compared to the rest of the world. the controversial 5% to 6% commission split between the buyers and sellers agents, that's usually substantially smaller abroad the u.s. is home to nearly 3 million agents no country comes close the 6% commission for many years people have been saying it's doomed >> after those lawsuits, it

might be it's what makes america great. tiger woods new golf league hitting a snag before it tees off. the tgl is an indoor league where players hit into simulators a power outage led to the collapse of the dome i didn't know it was a simulated golf league. >> all right >> should be fun to watch. >> thanks for watching "power lun lunch.". >> "closing bell" starts right now. i'm scott wapner from post nine the fate of the rally, as stocks rise for a third consecutive week the only question, how long can it last? we'll ask our experts. there's your score card with 60 minutes to go. we're green across the board looks muted for sure, consider the week itself as the markets rallied in a big way, especially areas that have seen the love go elsewhere for the better part of this year. th