this is an independent power producer that serves it. >> best performer in the s&p year to date still, i think. more so than nvidia. >> yeah. >> steve weiss. >> taiwan semi for the same reasons that bryn mentioned. you are going to see a repeated theme here and they need their chips. >> we are green across the board. i will see you in the final stretch and "the exchange" begins right now. ♪ ♪ thank you very much, scott, and welcome to "the exchange." i'm kelly evans. here's what's coming up today. >> we know it's a big week for big tech, we have five of the seven mag seven stocks and tesla had a 20% pop last week. our technician says one of them is a clear standout and he's prepared to buy more on any weakness and you're looking at it and it's a mystery chart to ease us into this monday and it's a race for retail traders and institutional? the new york stock exchange wants to make trading available

22 hours a day, but who is it for? is it good for the markets? is it good for the retail investor? we'll ask lynn martin about that, the new york stock exchange president. she joinsus a little bit later this hour, and we have the setup for retail and now we're talking retail sales into the holidays and one group our analyst says is best positioned to benefit, chart number deuce, a mystery chart up 89% is one of the names in the group at tweet kelly@cnbc with the dow and s&p and the nasdaq making it seven. >> we're trying to see if we can push up back toward the record levels and we're not far from there for any of the major indices and we are a stone owe throw in the tech-heavy side of thing and again, not a record just yet, but very much in the green and the dow industrials at 42,387 and a one half of 1% gain the s&p 5005829, at the highs of

the session we were up roughly 34 points and just up a bit, maybe 16 points at the low. so there is your trading range so far. it's up about 0.4%. the nasdaq composite, 18,606 very close to a record high there. remember, we just hit it over course of this past week. now, if you take a look at one of the big themes developing here it has been in crude oil and energy markets overall. israeli strikes against iran not amounting to more than military targets. there was a fear of the infrastructure for energy, oil and gas and that sort of thing and it didn't pan out. u.s. oil prices are falling and down almost 6% at one point today it got to the lowest level since october st to kind of give you some perspective about the medium term trend. apa corp and diamondback energy among the exploration companies that are laggards in the s&p 500. meanwhile, you're seeing yearly

highs for united airlines including delta, up 3.5% and carnival cruises is up 4.5%, as well and keep an eye on cruise lines and those airlines, as well. kelly mentioned the magnificent seven stocks and five of them reporting earnings this week. these are the five, it's apple, microsoft, alphabet, amazon and meta platforms and microsoft just about flat on the session right now. again, we are also watching, kelly, we talked about it last week and the jockeying for position between apple and nvidia. the two more valuable companies out there just about $120 billion separates them as of this point right now just to give you some more context and that's roughly the size of citigroup and that's what hangs in the balance with apple and nvidia. i'll send things back to you. >> thank you very much. >> we have some a.i. news out of our san francisco bureau. our kate rooney stands by with the details and the board chair of apple a.i. and the co-founder of sierra, brett taylor.

>> now raising $175 million in new capital that puts its valuation at $4.5 billion and roughly quadruple of what the company was worth in january. we are here with co-founder brett taylor and the chairman of open a.i.'s board and former co-ceo of salesforce. brett. thank you for coming in today. >> thanks for having me. >> let's start with the news. what kind of news are you seeing to justify quadrupling your valuation in less than a year. >> the company builds a.i. agents that can directly talk to consumers. i don't know if you had a sono speaker you can power it up and you can talk to an a.i. agent and sirius xm in their car, the agent can help you with your account. we are seeing so many consumer brands how can you have scaled conversations with millions of consumers in real time 24/7 and a.i. is the answer and we're seeing a ton of momentum in the market. >> not a chatbot.

you have banned that word in your office, you said? >> if you talked to our viewers and asked if you like chatbots and they're the incredibly annoying things. and if you would ask viewers chatgpt they would say yes it's delightful and authentic and we're helping build a.i. and not chat bot. we've all been there with airlines and the chat bots. open ai, you are the chairman of the board and you had a front-row seat to that funding round and how would you describe the venture investors in getting into some of these rounds in a.i. what does it look like out here? >> it's certainly a frothy environment. there's no doubt. i actually think with the benefit of hindsight it would probably be warranted and it reminds me of the dotcom bubble. you would think pets.com or webvan and it gives ram for --

in many ways the internet did transform the economy even in the most frothy statements in 1998 probably were warranted and it doesn't mean pets.com, and companies like they're driving value. real value for companies right now and similar to you're seeing snake oil, as well and the free market would help that all play out over time and it's exciting and i think that this wave of a.i. will truly transform the economy. >> how do you make sure that you're the pets.com and there's a lot of competition from microsoft and others, what does it look like for sierra. it's all about the customers and the security company. t for 82 stand hear it will photograph and we have the prifl emof making their first ai agent. my view is if you make the first

ten customers successful, and you can make 1,000 successful. at the end of the day there's so much hype in a.i. there are few companies helping drive real business outcomes and that's what we focus on. >> thank you. we've been debating quite a lot, brett can you shed insight on how you think a.i. and other language models can remain relevant without licensing data from major media organizations going forward? >> well, look, this current wave in a.i. is really driven by three factors. the first is access to data which is extremely important. the second is access to compute which enables training and inference at scale which is why companies like nvidia are growing so rapidly right now, and the third is algorithms. there was a breakthrough called transformers from google which is why we're sitting here today talking about large language models and we need to evolve as these foundation companies

pursue artificial intelligence. >> my point is we're about to get this update of siri to be plugged into open a.i. and get the best information. if i wanted to say, hey, siri, tell me about the dodgers game like that or something like that, how will they be able to do that without licensing that content from major media organizations? are they ultimately going to be trying to write it themselves? >> you know, it's a great question, and there are a lot of different ways to do that. i look at my phone and it's not just software from apple and it's software from probably every company you mentioned just now. they're icons from you tap on to agents that you talk to. will the espn app have an agent? the nbc sports app have an agent? it is very interesting, and i also think that the agent is the new app. i think companies will spend as much time and investment on their ai agent as they do their

website and mobile app, and i think their phones will become a package of the rich functionality and not just from one company, but from every company. >> bret, we do have an election coming up next week, and i won't ask you to endorse a candidate unless you want to, but ai policy. what is at stake for ai next week when people go to the polls? >> i like to start with the benefits that ai provides humanity and that means ai is accessible to every citizen of this company and that ai remains safe and that's the mission of organizations like open ai, and then if you look at the larger geopolitical landscape we need to make sure that the united states remains competitive. i think it's a competition between the west andfreedom and countries that are invested in ai to further the causes of freedom, and so i think we need to take into account of all of those things and i'm proud to be a part of that organization and the mission. >> bret, thank you for your time today. we'll send it back to you.

>> our kate rooney sitting with bret taylor today. meantime, five mag 7 names are set to report this week and one of them is flashing a major buy signal. it was our first mystery chart, meta. ari, meta is hardly an out of consensus pick at this point. how much higher do you think it can go? >> well, the -- we always found that strong trends are supposed to evertake any sort of reasonable targets when they are originally opposed, so i think nobody really knows how high it can go. the more important point is to let your winners run and it's established and that's a good thing and the stocks go from the lower left to the upper right with good fundamentals behind it. i think what's notable about the meta chart and that's an indication of relative strength and an indication that strong players are endorsing the stock.

very often, prior resistance becomes support and the stock has been consolidating above the breakout point and it gives us conviction even if there is going to be a miss on earnings that we can buy the stock down to that support level like 530 p. >> well said. are any of the mag seven that aren't screening well to you right now? what about microsoft? >> there is -- it's certainly become more differentiated and you notice how the -- it's gone from faang to mag 7 and you add some letters and you take some letters out and the reason we've done that through the years is that there's been rotation even at this level. that they don't necessarily have to work at the same time. some are working better than others, and i think that's a good thing, and so while a microsoft is -- has been moving some relative strength we've seen it picked up by a name like

meta and tesla, as well which is in the process of trying to reverse this trend of lower highs from recent years. now at the point where it's testing a very key level. if it can get through year-long resistance right here, that would be a significant higher high for tesla, and so again, as that stock hadn't worked now it's starting to work, and again, i think this -- this taking turns working harder is why we're so bullish on the complex longer term. >> microsoft and meta on wednesday. amazon and apple on thursday. are you buying the whole group? >> well, i -- i think you can for the long term understanding that they're not all going to be -- there are some that are going to be down post earnings. i think apple is an interesting one. it's come right up into its july peak at $237. i don't know if this is the release that's going to catalyze the breakout to new highs, but i have conviction owning that

stock through earnings and even if there's a little bit more down side -- near-term down side risk because it is so compelling for us and it's a stock that floated headways and a the lot of those types of consolidation jump to the upside and that's another one that will get the break down. i'm sure this is the weekyou'll feel. >> i know you're not feeling quite as optimistic about intuit and why is that in the overall space? >> if you look at the mag 7 index coming off a new high this week, equal weighted tech did so mid-month. there is one blemish in the sector and the pockets of the software sector have started to roll over. i'm not going to make that call on software overall and there are good software charts, but if you're worried about the sector and technology, you want to be -- there's relative risk and relative weakness. if i see a chart like intuit

which never made the summertime high and had shown signs of rolling over and worked its way below its 200-day moving average. if i had a bearish scenario painted out looking ahead, it's stocks like that that you don't want to be in, and so again, i think it's about sticking with the relative strength, and staying away from relative weakness in our world. >> ari, thanks for your time. good to see you this afternoon. ari wald. coming up, the new york stock exchange has plans to make trading available 22 hours a day, but is it good for the markets? critics say it could lead tomore impulsive trading or perhaps wider ben wider margins that could benefit institutions. as we head to break, take a look at yield. this may be the most important macro story of the day. the ten-year sitting just below 4.3% and just after the five-year.

the two-year is well breaking out to its highest since august 4.15% and if we hit 4.3 on the ten-year. a lot of people think that's the green light to go higher. "the exchange" isback after this. >> this is "the exchange" on cnbc. ♪ ♪ clem's not a morning person. or a... people person. but he is an "i can solve this in 4 different ways" person. you need clem. clem needs benefits. work with principal so we can help you with a plan that's right for clem. let our expertise round out yours. the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a reality. it's waiting for you. mere minutes away. the future is nothing but power and it's all yours.

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welcome back. there are only so many hours in the day, 24 of them and now the new york stock exchange wants you to be able to trade during most of them, as well. the exchange announcing plans last week to extend trading to 22 hours a day five days a week despite some questions about thin volumes during those extended hours. here to discuss the change is lynn martin. she's the new york stock exchange president. it's great to have you here. welcome. >> thank for having me. it's great to be here. >> what spurred this change and when would it be implemented? >> so we initiated this change as a result of feedback we had from the market and the observation that the u.s. is increasingly becoming the center of the global economy. as a result of our clearing house dtc electing to extend their trading hours or their clearing hours, we thought it was important to extend the hallmarks of the new york stock exchange. the reliability, the

transparency, the scalability, the resiliency of the new york stock exchange to allow those customers who choose to manage risk during the extended trading session. they are able to do that through the nyse platform. >> should we expect lynn, as you've made this announcement that we'll soon hear something similar from nasdaq from the other u.s. exchanges? do you find it likely that you would be the only one to offer this or do you think you're moving in the direction of having trading available pretty much around the clock on every platform? >> from my perspective, the most important thing that we're focusing on, that our team is focusing on is to work with the ecosystem. so to work with the market participants who are looking for a choice during the extended trading session and to work with our regulators, too, that our rules are approved to allow for those customers who choose to manage risk during this trading

session to do so by the reliability, resiliency and the hallmarks that the nyse provides to the market. >> i still hear from a lot of people who were on the floor in the closing bell days and when a lot of them think this is a step into the future, maybe, for the new york stock exchange and this is a step toward being in the nasdaq toward being a fully digital exchange where the human element is more or less an artifact. >> the human element has never been more important than at the new york stock exchange today, and it really has been that way for the last 232 years. now, if i look at the amount of messages we process in the matching engines through our network, the amount of messages is approaching 1 trillion messages per day, however, the most reliable outcomes have that human overlay. so the role that the floor

continues to play in the orderly trading of our markets has never been more relevant, and in fact, we've been able to quantify that with the amount of volatility that has been dampened as a result of the interaction of our floor with our robust order book and our market leading technology. >> absolutely correct. people fell that the human element dampens volatility and wonders if this is a design that it could be going more by the wayside. what do you mean by markets? is it institutional in players largely who are seeking this kind of optionality and not so much the retail audience? >> we're seeing demand from retail, and again, we're seeing demand from participants arne the globe as the u.s. marks are increasingly becoming the center of the global economy. that demand comes from all parts of the world. it comes out of asia. it comes out of europe. certainly out of the u.s., as well.

the u.s. retail. so we thought it was our responsibility as the world's largest exchange and the steward of the u.s. capital markets to take that responsibility and to order -- to offer the reliability and res ilynsy that only the new york stock exchange can offer. >> the concern that i heard from market participants over the weekend is that this is big institution hedge funds and the massive -- in the markets that they would love the opportunity because markets are thinner in the extended hours because they can capture bigger spreads, vis-a-vis, a retail trader, for instance. do you think it's true that this would be largely advantageous to big institutional players and not so much something that is meant to be catering towards the retail investor. >> our job is to be a marketplace, and to offer access -- democrat isaaces is to

everyone who seems to manage risk. >> understood, so will there be a period of question and answer and the sec has to weigh in on the merits of this. are there other places around the world and each though i've been harping on the point of institutional investors and a lot of peoplewith robinhood have gotten used to the idea to have trading immediately available around the clock and in their pocket. is this the way that market are going? >> if i look at the parent company, ice, we run futures markets 23 hours a day, five days a week and it's something we've done for decades at this point with our electronic trading platforms. again, it comes back, though, importantly to the ecosystem and having the ecosystem there and able to accept the trades in a responsible fashion which is why

once dtc announced its extension of clearing we saw the opportunity to allow our matching engines, particularly the nyse, arca managing engine to allow trading to seamlessly pump to dtc's clearing house. ? also curious. we see the way the gloenl stock market is going that you're at the highest level the ever been like other mrs.es like london have been struggling? do you think this sets up the u.s. have more enter national commerce. >> we had a variety of companies transferring outside of domestic home markets to our platform. i looked at the west rock integration that occurred july of this year. i looked at flutter's transfer that happened earlier this year, in january of this year, we're

in the process of having a variety of conversations with those firms. we've seen the success. >> i don't know what we're going to do if the closing bell is at 10:00 p.m. is that how this would work? >> the closing bell -- >> at 12:00 a.m.? >> the opening bell and the closing bell. no, the opening bell and the closing bell, those are nyse. those are for the big board. those are not going away, and what we're talking about is our fully electronic platform which is one of our medallions nyse arca who is currently open from 4:00 a.m. to 8:00 p.m. every day, extending their trading hours from 1:30 a.m. new york time to 11:30 a.m. nothing is changing on the big board. >> say i own a mutual fund and everything is marked at 4:00 p.m. there still has to be some close for that, no? >> sorry. i couldn't quite understand that question. >> meaning all of the stock prices that we quote for their typical close day in and day

out, the 4:00 p.m. whether it's a mutual fund, anything else that all stays exactly the same? >> right. there will still be the opening auction and the closing auction which again comes back to the human element and the role of the floor and the important role that the floor provides. >> lynn, we really appreciate your time today to break this all down, and obviously a very big change both in the way that it appears to people and in many ways in reality, as well. >> thanks for johning us. lynn martin of the new york stock exchange. coming up, we'll look at the setup for the retail spending into the holidays. our traders say it's a good one for one group in particular. here's one of the names in the group up 90%. he'll tell us what is so bullish on it from here. stay with us.

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♪♪ [inner monologue] this is going to sound crazy. but i know these attack vectors. oh, had a little upgrade have we? ♪♪ okay, so that's how you want to play. ♪♪ welcome back to "the exchange." i'm tyler mathisen with the cnbc news update. the pentagon confirmed that north korea has sent about 10,000 troops to russia to fight in ukraine within the next few weeks. the department said some of the troops have already moved closer to the ukrainian front.

t.g.i. friday's closed nearly 50 of the looks within the past week as the company is about to file for bankruptcy. according to the chain's store locator and local reports, 164 restaurants remain of the 213 that were open last week and impacted restaurants are in multiple states. t.g.i. fridays didn't respond to comment and a list of closed locations was not released. and campbell's is partnering with family experience store camp to offer the scent of the holidays with a set of four scented candles. the candles are inspired by some of the popular side dishes including green bean casserole and everything bagel seasoned mashed potatoes. the limited edition candles will sell for $30 at camp stores november 18th. >> i think they had one of those stores at hudson yards. it's great for kids, but it closed. they're expensive to run. >> put that on my list for

christ christmas gifts, will you? >> doing it right now. tyler, soup-scented candles. >> love the green bean casserole. >> i like the crunchy. >> welltower, shares are up so far this year by 44%, with the population of 65+ adults set to boom in the coming decades we'll talk to the ceo addressing some of the key concerns in the eldercare market when when "the exchange" comes right back. green bean casserole. the same , you have... the fearless investor. the type a cpa. the bootstrapper. the bootmaker. yeehaw [narrator] but many do have something in common. we all trust schwab with our wealth. [narrator] thanks to our award-winning service, low costs and transparent advice. every day, over a million multi-millionares trust schwab with more than two trillion dollars of their wealth.

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♪ ♪ welcome back to "the exchange." it's no secret the u.s. is facing a big health care worker shortage. mercer estimating an extra 400,000 home health aides and 39,000 nurse practitioners will be needed by next year while pew says 60% of americans are 65 and older and that cohort is only expected to grow in the coming decades and that's where one of my next guests comes in. he's connecting health care students with people seeking aid with daily tasks. neil shah is ceo of age tech

start-up. and the health care analyst, will bring us the publicly traded companies that stand to benefit from the elder boom and before we talk to them, let's get a little bit more on care yaya. we went into the field to shadow with storm giver with the app, and here's how it went. >> my name is fran, and unfortunately, i'm pretty housebound as a result of a combination of a medical condition and some unfortunate situations that arose that left me a little challenged. >> my name is geeta. i have a masters in social work student. my first priority with getting involved with care yaya is getting that experience first. how should i be caring for this older a dull as well as give her this company and make her feel safe and comfortable. >> can you name at least four of the seven wonders -- >> something that we do is a lot

of trivia questions. she loves trivia, quizzes. >> it's given me someone who is willing to help me with whatever i need help rather than a formula. >> you want me to come on thursday, right? >> that's about the web app, you get to link your venmo to the web app and you get most days on the same day. >> what is the chemical symbol for silver. >> this is really nice because i'm getting that experience that i can put on to my resume. i can use that experience when applying to other jobs in the future. i can also ask for a letter of recommendation and anything like that, andit would help me in my future as well as i'm getting paid as a student. >> what is the chemical symbol for silver. i'll bet neil shah knows and he's from careyaya. >> thanks for having me. >> we are less than three years old and students around the country are making upward of 20,

25 buck an hour typically out of pocket paid by the families and it's an awesome cure care giving crisis. i realized how broken the care market is and how big the opportunity is. >> that's always been my hope that maybe we're both millennials, maybe not, i don't know, as people experience these difficulties maybe you're sandwich or taking care of your parents or your kids and maybe these innovators can use great minds to help solve these problems. health care is the one area as you know, neil where things seem institutionally broken. most of the outcomes seem pretty good through the cancer care systems and things like that, but the everyday experience for most people is god awful. how are you able to navigate that? >> i'll tell you the direct experience of why i realized health care and especially

healthcare at home. so, you know, in my 20s i was really good at investments and i was good at finding trends and rapidly became a partner at a multibillion-dollar hedge fund. it grew to 250 million pretty quickly and suddenly i became a caregiver. to your point i realized how broken the health care system, anyone going through treatment is primarily dealing with home based care and the majority of the care burden is falling on the family and since i've seen my mother care for my grandfather for his various medical ailments and end of life and at the peak of my hedge fund career my wife became severely ill and went through years of cancer treatments and hospitalizations, et cetera, and i became the primary caregiver. it was so stressful and difficult to find good help, that i became her caregiver. i realized millions of americans are going through this and

children with special needs. there's a massive caregiver shortage. there isn't a good way of getting high quality care and the cost of care is extremely expensive, by the way, and i think that's pricing out a lot of families and there's no convenient way to book. after mi own painful, personal experience i can't believe this is a 500 billion+ market that hasn't come to light yet. >> you also have to be looking over your shoulder and saying if i'm figuring this out and got something that works, here comes the competition, right? or here comes the government. i don't know. here comes someone to try to intermediate a successful thing is my guess. >> yeah. i would say on the competition side, you know, i found there isn't as much innovation going on in home based care. i think to your point, oftentimes start-ups and innovation are built by life experience, and i think as more people go through it more people

think about elegant solutions and the government in this case is your friend. believe it or not, i think the government realizes home-based care is the big unmet need and they recently floated this idea of medicare home and president trump has floated something about home-based care, home-based care is preventative and keeps people out of the hospitals and it reduces the need for institutional-based care and it's cheaper. >> it helps with the loneliness issues. i love it's with college students and i'm sure it keeps of the cost down and you're $20 roughly in our area versus $35 for the major indices. check back soon. i'm curious to see how this evolves. >> i appreciate you featuring. >> neil shah with careyaya. the golden age for senior housing is here as the baby boomers enter their late 70s. brian tankila is analyst at jefferies. people can't invest in careyaya,

but they can invest in which one of the companies that you follow, i hate to say take advantage, but tap into the demographic trends? >> thanks for having me. yeah, just back to that question as we think of the boom age of senior housing and seniors turning 75 or older and that's when they need a lot of care whether that's in the home or in the hospital setting or they need to leave their homes to be in senior housing facilities and there's no one to take care of them. not everyone can afford careyaya, so that's one issue and if you care about the population and you're looking at a 5% kegger with the 75 and older and home health is actually an area that works very bullish on, and unfortunately today, only medicaid pays for caregivers to go into a patient's home. so if your parent or grandparent is not under medicaid, tough luck, we're all having to pay

for this out of pocket. the careyaya model fits somewhere where it makes it easier for folks like us to find care for our parents and home health as a whole means the government's forecasting an 8% growth rate in spending over the next ten years in that space and that area. we're bullish on names and motive care is another company that we cover that does some work in home health and they're seeing some of that growth, as well. so that is one we are highlighting. the other area of growth that we're seeing is in senior housing. you get to that age where even a caregiver cannot take care of you at home and think about folks with dementia and folks coming out of hospitalization. companies like brookdale senior living is seeing the acceleration in growth as more and more people are having to move out of their own homes and their children's homes into more institutional settings. >> yeah. those shares are still only trading around six bucks. do you think it can go to eight and it's been on a nice run up

58%. >> thanks for joining us. we appreciate it and one of the major trendses that i think we'll be hearing more about with the aging population. coming up, shares of trump media and technology are surging today after former president trump's controversial rally at msg in new york last night while national polls remain neck and neck between trump and harris, big-tech execs are only calling one of the candidates. those details are next.

welcome back to "the exchange." we are eight day away from the election and the latest cnbc poll has the race for the white house basically in a dead heat. former president trump with a slight edge over vice president harris, 48 to 46, it's auth within the margin of error, but silicon valley ceos are reportedly only calling one of the candidates. eamon jaf ers has that story. hi, eamon. >> a google spokesman says today that they're declining to

confirm a call between google ceo sundar pichai after joe rogan said the two men recently spoke about his campaign visit to mcdonald's. >> so i did mcdonald's last week. >> i saw that. >> and i actually got a call from your friends at google, from sundar. that's pretty good, right? this is the biggest thing we've had in years. >> with mcdonald's. >> did you know that? >> it was funny. >> who is a great guy, by the way, but he said this mcdonald's i want to tell you it's one of the biggest things we've ever had on google. >> so you hear trump there call pichai a great guy. it's a remarkable shift in tone from his comments earlier in september that google should be criminally prosecuted for what he called bias against him in search results. pichai's outreach comes as the company faces antitrust scrutiny at the department of justice. the ceos of amazon, apple and

meta have reportedly made calls to trump in recent weeks, as well. cnn reported that amazon ceo andy jassy reached out to check in with trump, meta ceo mark zuckerberg called trump after the assassination attempt late this summer and tim cook which apple is declining to confirm. so it's clear, kelly, that ceos are positioning themselves as the odds of a trump victory appear to increase and they face the prospect now of dealing with the mercurial president who has promised retribution against his political enemies. you don't want to be in that political enemy camp if that's where things end up on tuesday, kelly. >> i was thinking about the mag seven. i think we can guess how elon musk feels. i think they would be calling harris. >> well, i don't know. we'll have to see if harris will release their ceo calls, as well. we haven't seen a lot of ceos talking about calling the harris camp. maybe they are doing that, as well. >> maybe she's not talking a lot

about it or maybe she will. >> eamon, thanks for taking all of these little signals with eight days to go. we appreciate your reporting, ammon javers. we are 58 days away from christmas. i think that's a short period between christmas. and those black friday deals are already starting. the names that he thinks will win the holidays including this one whose shares have more than doubled in the past year. can it keep running? that's your clue. we're back in a moment after this. ns with their silver spoons. what will become of them when they discover robinhood gold allows others to earn their very liberal rates on idle cash. they would descend into chaos. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our

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joining me with his holiday outlook and opportunities, jay is a retail analyst at ubs. jay, welcome. i wonder what point it goes by the bay of lu lu, but i gel there's ways to go. >> if you look at the history, the ones that outperform most recently are glout stock. if it delivers the growth you're expecting, chances are you will outperform other names. we think there's still a lot of room to increase. >> to quote gary wold, when you have winners, you stick with them. i always buy when the moment has passed. where else do you think there might be less widely known names that can do nicely in this period of time between now and christmas? >> kelly, we think there's a lot of up side for on. deckers owns twos brands every

brands, hoka and ugg. which is a great holiday gift every year. both hoka and ugg is benefiting from nike struggling a bit. on and hoka are the two benefiting the most. >> what about adidas. i see all the new buzzy partnerships -- >> we don't cover adid i today. that's covered out of london by ubs, but the two stocks we've been focusing on is on and decker. a third is skechers, a growth stock with a valuation -- a lo valu valuation. >> kind of shaking off some of those china issues from earlier in the year, too. it might be a bit more value there, if you're right. what about the consumer overall? what are the data points that

tell you spend you is relatively strong, quite strong? >> we think the overall holiday spending season will grown about 3%. last year was pretty strong. 3% to a new all-time high is pretty meaningful. it's coming in three areas. consumers are saying they plan on buys a lot of gifts. two, they want to be festive. the amount they're spending on decorations, cards, things to make the holiday more special is also up significantly. the third trend is self gifting. when they're out shopping, they're going to pick up something for themselves. all those three things we think will make a nice holiday. >> shopping can be hard, and if you're there, and i need things, they need things. there's a tug of war going on with inflation. as it moderates, that means the top line will get more

challenging for retailers, so you're kind of hoping that price breaks for the consumer are enough to drive incremental buys? >> kelly, that's the key. what consumers are telling us in the market research we see, they're seeing less inflation. at the same time consumers have been trying to reduce their balance sheets, pay off credit card, and increase savings, but now they're saying, hey, because inflation isn't as bad as it was, and i saved some money and paid downed some debt, we're ready for the holiday season. >> jay, thanks for joining us. by the way, is it a shorter period than usual this year or longer? how does it work? >> right. there's about five fewer days between thanksgiving and christmas, but still 30 days in november, 31 days in december.

>> and from other research, people have started shopping earlier this year. >> thank you for clarifying. jay, we appreciate your time. good to see you today. >> sure. before we go, a quick look at shares of mcdonald's after the quarter pounder are not the source of the e. coli outbreak. it's up nearly 2% today. "power lunch" is coming up after this. tyler mathisen is getting ready. i will join him on the other side of this quick break. ♪♪ data science can help address some of the biggest challenges in financial markets. if we focus on the mortgage market and follow the life of a loan from origination right through its pricing in the capital markets, our data science capabilities can provide a deep level of insight. at ice we have extensive data sets, especially around three pillars. the property, the mortgage and mortgage performance. this trifecta of data and its history

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with a plan that's right for your team. let our expertise round out yours. welcome to "power lunch." glad you could join us on a monday. stocks are starting the week with gains. despite last week's pullback for the dow, all three major averages are set to close in the green for the month of october. that means 11 of the last 12 months dating back to december has been positive. it's been quite a run. >> who would have seen it back at the type we were worried about recession. bond yields, though, we're near the 4.3% level.

it's still feeling p