etsy getting hurt in today's trade. morgan stanley turning bullish the analyst hbehind that call will join us and ann sarnoff is with julia. >> it is an all time high for the nasdaq the tail of red riding hood this morning. robinhood shares plunging after the company announced that some existing shareholders think venture capital firms with big holdings in the company would sell almost 98 million shares through convertible notes. there is a big difference here from the meme stock sales we have seen, like amc, robinhood will not go any proceeds from the transaction. while the ceo champ pond retail traders during that ipo last week, big institutions like andreissen, horowitz, rea capital, they're cashing in on yesterday's surge. and they're also some of the names who rescued robinhood earlier this year during one of its most controversial moments. >> yeah. a lot of controversy around the name our next guest just initiated robinhood at peer perform in the note titled why robinhood is uninvestable right now, warning clients

now people don't have to shop on etsy, but they are choosing to shop on etsy our nonmask gms in the seconduarter was up 31% year over year in a quarter when you can go shop tphanywhere else, that is incredibly encouraging >> tkpwhr gms guide answer, that did freak a lot of people out. i'm looking at a morgan stanley piece. they have historically -- you know, they have not been that cool on you. i think they pointed out something we should be worried about. >> so, you know, look, let's remember that in q3 of 2020, etsy still sold a lot of masks more than $120 million of masks in q3 of 2020. that number is admin muss in 2 2021 if you look at the growth rate, we said mid-teens. that is the toughest comps, the fastest growth rates of any e-commerce site last year. we are still growing in the mid-teens. if you look at a two-year stack, in other words, what did we guide to if q3 of 2021 versus 2019, we will be one of the highest grossed e-commerce sites out there. >> i think you will actually be the highest. my own work says that. i live in brooklyn that is the closest i came to being owned by e

etsy down 13%.nd of paem wne tndicinrshat pulled forward a lot of the business. you look a little lost. i can't find my hotel. oh. oh! ♪♪ this is not normal. no. ♪♪ so? ♪♪ right? go with us and find millions of flexible options, all in our app. expedia. it matters who you travel with. that building you're trying to sell, expedia. - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. if i could, i'd ten-x everything. like a coffee run... don't just sell it. ten-x it. ♪ we're not as far from our goals as it may appear. ♪ because things are coming back. ♪ making now, the time to move forward. ♪ at u.s. bank, our goal is getting you to where you really want to be. ♪ because side by side, there's no telling how far you'll go. ♪ u.s. bank. we'll get there together. ♪ >>> welcome back time for a cnbc news update. >> more investigations into improper conduct by the new york governor andrew cuomo. now four district attorneys across the state say they are look

tracking the afterhour shares of uber, roku and etsy. all three on the move. deirdre bosa has details. >> disappointing quarter for both ride sharing companies despite rebounding demand and cutting costs over the pandemic. both struggling to make a sustained profit driver supply shortage still in focus. uber's out for gross bookings current quarter implies flat to little growth. the ceo kicked off the call telling analysts that it is out of drivers but didn't put the number in context saying major cities like new york and san francisco continue to see demand outpace supply wait times, he said, remain above their comfort levels saying they should be able to pull back on drivers incentives in the current quarter, remember, lyft said yesterday would have to spend more it's unclear whether uber can deliver on this point. lots of analysts questioning management here, but we didn't actually get a clear answer. uber did manage to make money this quarter, melissa, due to equity investments in dd and aurora dd a rough public debut. uber got its stake early so still in

i happen to think that etsy is a place that has changed the world.people want to just celebrate here because they didn't do some number, be my guest. you are not getting a single bottle of jim's none better pickles. >> see you at 6:00 nice to see you outside. our jim cramer, "mad money" with jim cramer 6:00 p.m. tonight get ready for big hour the ceos of viacom, cbs, kellogg, all straight ahead. the dow up 135 needs another 100 points to make out yesterday's high don't go awhe.nyer get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. for smarter trading decisions, hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep

i'm not a big yeti guy or etsy. those are tish airy names. charles: i made a fortune on etsy. would buy it on the dip. kenny, you balked at the term peg ratio. >> i learn a lot of things from rob. peg ratio i don't pay enough attention to it. it makes perfectly sense. i like rob's idea he is trying not to pick a broad year-end target on s&p because how many people are really right when they do that, right? to his point also, depending who you are, as a long term investor you shouldn't be in and out and in and out, based on every little headline there is, right? take your time, spend time, adding to your position if in fact names that you like end up being arbitrarily dislocated like some of the names you -- charles: i got you. rob, real quick, jobs report tomorrow, how are you looking at that? are you going to do anything today before that, to hedge yourself, for instance? are you going to ride through that as well? >> no. i'm not really day trading anymore, charles. i'm not doing anything day-to-day. what i will tell you if you look at adp number i think the jobs report might

they were spending it on etsy. the guidance disappointed the street pointing to signs of a stall in the pandemic ecommerce boom. stock down 12.5% the ceo josh silverman is on "mad money" tonight to talk about what he is seeing. >>> and fastly reported lower than expected revenue in the most recent quarter and proper ticketed deeper losses for the coming years that follows the massive outage on june 8th. it resulted in fastly giving credits. the ceo says one of the top ten customers have not returned traffic following the outages. and others deployed payments because of it. the third quarter and guidance came in below expectexpectations that stock down almost 22% this morning. >>> we should show shares of roku they are falling as well earnings of 52 cents per share beat estimates streaming dropped by 1 billion hours from the first quarter totally 14. -- i should say 17.4 billion hours in the second quarter. roku said tight conditions and shipping constraints raised costs faster than expected becky, the idea that 1 b

etsy expected a pandemic sales growth and issued guidance for the third quarter. >>> stock number threeares are falling as user growth fell short. that reflecting the pandemic rolloff. we will rolloff to c aommercial break. we're back after this. the personal loan from sofi helped me consolidate my credit card debt into one simple monthly payment. debt free! thanks to sofi. ♪♪ >>> welcome back good thursday morning. mixed results from the two casino operators wynn with a expected second quarter loss and mgm with the most recent quarter. the big real estate deal to vici properties the stocks have been laggard year to date is it time for the turn arounds and g.o.a.t., get out and travel stocks to turn around? we have david katz with us david, we could not find a seat at a black jack table. why have investors lost interes in the last few weeks? >> remember, brian the market looks forward we have seen the recoveries happen we are pricing in as though the recovery happens in 2022 and 2023 i think there are two questions. one is the sustainability of margins. i thought last night, mgm was par

crafts on etsy and maybe people start going back to the mall i think etsy is going to be a company thatwith a new found group of people, new found work force, empowered work force, mostly women making things on etsy. many people have fallen in love with it. take a look. josh silverman, a lot of people shorting this, betting this is a casualty of going back to work outside -- no. it is now part of our firmament. believe me, when you have a father's day, mother's day, any holiday -- i'm on the site constantly and it's not just because it's down a block from me when a company and it's a winner i am glad they won women 89% of the people who make stuff. >> heinel for a small business how about tonight? >> workday and upstart. another company, they make artificial intelligence -- you hire them, this is the wave of the future you will be able to get rid of -- have more access watch upstart. brilliant company. company. you heard it here first. >> okay. i'll watch see you tonight. >> see you later >> i do not mock you are you mocking me >> why do you hurt me? >> one of my favorite lines. >> see

fee structure for the last ten years hasn't changed simple fee structure a lot of these including etsyping fee, payment fee, et cetera so that simplicity allows us to continue to build long-term partnership with our sellers who have simplicity and our sharp focus on community has been there from day one >> we're going to have to stop there. you kind of cut out there. look, manish, there are a lot of things that went right, some things went wrong. we'll have to stay tuned to the stock. that's the only thing we can do. chairman and ceo thank you for coming on the show >> thank you for having mooe. >> excellent. >>> "mad money" is back after the break. >>> just chill out >> chill master jay. >> the chill man is in the house. he's happy. >> the lightning round is coming up when "mad money" returns. ♪ someone once told me, that i should get used to people staring. so i did. it's okay, you can stare. when you're a two-time gold medalist, it comes with the territory. >>> it's time. it's time for the lightning round. and then the lightning round is over are you ready, skee-daddy. start with mi

these cards have shown up for sale on sites like amazon, ebay, and etsy. so how will organizations requiring the vaccines tell the difference between a legit card and a fake? lots for us to talk about with the saturday night panel. nbc senior reporter brandy zadrosni. the podcast "fake the nation." janelle smith, senior correspondent at vox and host of "vox conversations." brandy, you've been reporting on anti-vaxers, particularly those who are also nurses. tell us more about that. >> yeah, i mean, the nursing community has never been immune from anti-vaccination misinformation, unfortunately. now this particular group, they call themselves america's health care workers for medical freedom. and that mouthful is basically promoting this instagram account with a few thousand followers. it's made up of a stable of registered nurses who are also anti-vaccination influencers on the app. what this is, is basically credibility laundering, which means -- you know, these same tired, debunked pieces of information but dressed up in scrubs. there's a reason when you

rx a moment ago, as big as it is, it can't lock up everything there are a number of companies from etsy to stitch fix to good rx, et cetera, you know, doordash, you can count among those now. and instacart that have managed to succeed despite amazon being in their space. >> yeah, it is hard not to notice too, guys, looking at various shares, amazon touching the 200 day for the first time today, since early june. shares haven't really done a whole lot, jon, in a couple of months and it remains to be seen whether or not that's a function of just lower credit card spend or whether or not they are starting to feel the pinch from some competitive pressures from the likes of a dash or instacart. >> yeah. >> and amazon actually was in food delivery for a time they didn't have a lot of success there. so they backed out and the grocery piece of the business still remains to be seen how successful that can be and grab market share palantir shares, they are surging this morning on the back of those results earnings were in line with wall street's estimates, revenue, however, beat shares up by 15%

other biotechs, etsy, dominos, hormel, making of spam also found buyers. more an eclectic session.s in tesla lifting consumer discretion nary names to the front of pack. other interesting moves are semiconductors and basic materials. no doubt the seesawing back and forth among themes is masking anxiety for investors. you don't want to get out of the market. by the same token you don't warrant to be aggressive ahead after potential pullback. i want to bring in leuthold group jim paulson. jim, i have to ask but the internals, day after day so many losers than winners. see it more pronounced in the russell and nasdaq. see how many names are trading below their 50 day moving averages on those two exchanges. what's going on here? >> well i think that you know, i actually think the growth rate in quantitative easing and m2 money supply, charles, has been slowing really since march, has slowed a lot. quantitative easing was growing 80% year on year in february. it is now growing 11% year on year. so i think in essence tapering has been narrowing out market leadership. you've seen small ca

paycom, etsy, amd i know you love amd. you have been pounding the table. they are crushing it.rowth tech names. you have been right on the semis. would you broaden that out now? looks like it is all about momentum, all about the momentum stocks and i'm talking about going way further than anyone thought they could. >> i don't call it momentum. i call them growth stocks. let me be blunt. i would continue to avoid or very much underweight the opening up trade. that includes energy, transport transports, most, not all economically sensitive, banks and regional banks though a few like morgan stanley are strong and just stick to growth and the most important thing that happened this week and we told you the set-up was there, semiconductors broke out. you could probably throw a dart at a few names right now. analog device is breaking out today. kla-tencor. gap is up on earnings. i could go on one after the other. this is the place you want to be. the market is working off for the fact for now, it can accelerate again the market is saying economy has peaked. leave no doubt. seeing all

. >> caller: boo-yah jimmy chill >> i was making pickles, jimmy chill, labels from etsy. >> caller: none better thanks for taking my call, you put on a great show. >> we have a great staff, did geography of the floor today and worked out well. >> caller: i'm calling about miracle grill, it's been all over the place last year, now back to where i started. just wondering is this another stay at home plays everyone is giving up on >> it's great. if your state allows you to grow cannabis, they have the right product. so i want you to stay in it, if not, buy more. been pretty good around the country except for the smoky areas. of which, thank you firefighters i know what you're doing, one of you's my nephew. be alert for lazy thinking see if negativity getting in way of good story. zb deciding when to sell as important as when to buy bipartisan infrastructure bill cleared hurdles this weekend and hydrogen recognized as source of energy, i'm talking to expert in the field to see what it means new era has begun, new ceo at helm, could the online fashion be success talk to the top brass. and har

of weakness and peloton capped it off is the pandemic winners continue to disappoint pel peloton, etsyku, the list goes on and on the expectations are lower for zoom expectations are coming in lower. a week ago, people were looking for a 5% jump in revenue that is down 3% to 4% and people are really now shifting the focus to the recent f9 acquisition and other traction with other products. the bar has been lowered significantly for zoom i guess that is the benefit of reporting late in the season >> it is interesting last week, morgan stanley upgraded the stock as we return to office, i'm on one or two zoom calls a day. >> my zoom calls have gone down significantly. i think a big issue for what you mentioned earlier, the heart of the debate for zoom is what will it look like going forward all i know is zoom, about 37% of the total revenue, comes from small businesses that is 1 to 10 employees versus to 20% prior to the pandemic that is the biggest headache a lot of unpredictability. also education is a tailwind for zoom this time last year there is a big push in the u.s. to get kids bac

stocks in goldman sachs buyback portfolio it out paced the s&p 500 on a year to date basis alphabet, etsyfinancial, anthem, sherwin williams buyback stocks perform in the late summer with the executions that follow the second quarter earnings report. some of the names to watch there and you can read more about it at cnbc.com/pro. >>> let's go worldwide julianna tatelbaum in the london newsroom with the early action in europe. good morning, julianna >> dom, the early action in europe has been choppy right now, the stoxx 600 is hovering around the flat line. we were trading lower at the start of the session positive momentum building the stoxx 600 down just about 0.06%. to put this in context yesterday, the stoxx 600 lost groundbreaking a ten-day win streak it has been a strong move for the stoxx 600. turning to the regional breakdown. this is the split. we have red for the majority of markets. the cac 40 in france down .40% ftse in italy and spanish market down dax down 0.2%. we have green on the board swiss market up 15 basis points. ftse 100 in uk up 0.1% the stock leading the charge is

also getting roku and etsy after the bell as well.bostick, thank you have -- thank you as well. right now, ira jersey with us of bloomberg intelligence on the bond market. we really wanted to do a one-hour interview with you. we will compress it down. what matters to you in this new low yield environment? ira: realistically, the only thing that matters is the outlook for covid and the effect it is going to have on the economy. i think that is really what has been driving the market for the last couple of months. the delta variant, how pervasive it has been in other parts of the world, and now it is feeding into the u.s. psyche a little bit here. fears about lockdowns, that is really what is going on with the bond market right now. i am sympathetic to that morgan stanley call you mentioned about yields being higher by year-end. i do hope that is going to be the case, but this is all about fear right now, and the bond market is benefiting from flight to quality. tom: jon, why don't you pick it up and frame it around the magnitude of thi

a lot of -- the better comp is pinterest and etsy and they're much smaller, obviously, and don't do asmer. it's the person sitting around buying other people's old stuff or things that people make or whatever so i think that that -- like amazon, people are buying like essentials things they need to live it's much more like if you think of it that way and then the aws business which is way more important. that has nothing to do with ebay if you look at a chart of ebay, had a massive ive sell-off when pinterest blew up. these stocks are not having a good office and they're lapping last summer and last summer was probably the high point for people sitting around buying things they don't need and doing designs and arts and crafts and whatever on their computers. that's not what's going on out on the streets so i don't want to be in this name, and i think if you're long and have this pop after earnings, i'd take it and move on do something else. >> yeah, i think that's key context, mike. especially in light of the fact ebay has pushed hard in terms of being able to verify and confirm collec

etsy coming out with numbers.be hearing from senator elizabeth warren, david westin will be having that conversation with senator warren. fascinating in terms of what is happening with the eviction story. how the white house dropped the ball around that story. the cdc angle may giving them short-term coverage, but is it going to be enough? alix: also disturbing funds, got to do it. billions waiting to be distributive. balance of power is next. tune into the cable with guy and myself live on dab digital radio in the london area. yields now flat. fascinating movement after you had richard clarida speaking earlier to adam posen, talking about he did not know why yields were so low and repair the lowest level since february. still 117 basis points. still pretty low. we cannot seem to break that 120. the individual names and some of the earnings like gm still getting beaten up after disappointing earnings. this is bloomberg. ♪ >> from the world of politics -- >> there are things that causes great concern. >> to the wor

etsy is up 38% the market in terms of price to earnings still trails those two names by a long shot backso, where do you stand on ebay? >> so when i look at the chart, especially from the pandemic bottom, ebay is trading in a channel. it's actually finding some support at the bottom end of that channel and every time it does hit the bottom end of the channel it usually runs about 10% from here so at lofty levels if we look at the recent highs, but if i look at the price action and the chart, it tells me, it infers that a 10% move higher as far as, you know, risk/reward. so i would say i would be a buyer of ebay at these levels based on technicals alone. >> performance is good this year as dbo had highlighted, the valuation looks pretty attractive of some of the competitors. >> that's not saying a lot the valuation in the ecommerce world don't make a lot of sense. >> so does this. >> well, it makes a little less sense. investors might be excited that they sold off most of the classifieds business and korean business look, i think the story here is one where you continue to see these guys

are being reinvented as they determine what return to the office policy they are going to have the etsynd the roku guidance, the overall tone of losing some share or some streaming hours or whatever the metric because people are starting to spend a little more time outside. >> jon, one more thing they have got in common, they are all expensive. theory way to group them together. >> a lot of them are a lot also have a lot of room to grow if you are looking on the bright side. >>> despite stock indices at record highs there is an argument that it has been an ugly two weeks on wall street especially when it comes to certain corners of to be bob pisani has the story. >> after a strong run for technology and growth stocks, value stocks are starting to show some signs of life again. today's job report which supports the idea that growth is strong is pushing up bank stocks and traditional value sectors, energy and industrial. tech is lagging. why does tech willing on to strong growth report in the idea that growth is strong and pushing up interest rates that brings back talk the fed tapering a

from the rokus and etsies, they were making comments like, look, we're going to lose a little bit of traction because of a consumer that is more outgoing but the delta variant says the opposite i guess my question to you is are you in a netflix peloton frame of mind, or more of a reopening live nation frame of mind >> yeah, look, this situation is really fluid you know i just got back from europe and, you know, it was really a country by country case as to how things were opening up or what was required to be able to do certain things like go into restaurants or did you need a mask in public or not. so i think until we actually see some ability to continue the rise in the vaccinations, and get some control over these variants, i think it is just going to be a fluid situation. but, look, the genie is out of the bottle in terms of all the people who have experienced these services that allowed them to be able to continue to have a good life even if they're locked down some of those behaviors will persist. we're social creatures by nature so we want to be able to get out. i think that's

you look at like the results of etsy and pinterest and ebay. they're not sitting home doing arts and crafts. they're not sitting home shopping for people's used garbage. they're going back out and doing stuff. i think that's where the dollars are shifting those are the stocks that have a better chance of working from here >> what about the idea, though that klon vick puts forth, jenny, that if you had to make a choice -- well i think everything does well in this environment kind of answer i'm looking for something more nuanced not that you bring that. but i put that out before you answer the question. because this idea that yields and cyclicals both bottomed and those are the places at least cyclicals is where you should be, between now let's say and the end of year you goat more bang for buck in cyclicals than anything else. >> i think that's true but i think it is a nuanced world we are in. it's hard to make money. you can't just say buy cyclical they are doing well. >> i gave you names. i gave you cruise lines, marriott, american. >> i'm goi

take a look at etsy, solid earnings reported. moviegoers returning to the theater.0% this morning. i will make no comment and one if it's a meme stock or not. susan: definitely a mean stock. stuart: i will give you that. what are you going to tell me about amc accepting bitcoin. susan: popcorn, concessions, tickets by the end of this year, 2021. amc says they will have a payment system in the transaction system in place by the end of this year to start accepting bitcoin. right now you can use google pay, apple pay which i showed you had to use on your phone recently, but as the fundamentals i would say that amc did well tripling sales in the springtime. they lost less money. all theaters are back up and running and they did the smart thing which is raise cash when their stock price was high and according to the ceo they have $2 billion in cash after raising one and a quarter billion dollars during the spring. stuart: and that is a chunk of money. susan: we will hear what he says to charles payne leroy at 2:00 p.m. stuart: adam aaron from amc. interesting guy. let me

now, and nikes digital was a huge consumer advantage, but there's now -- after the amazon quarter, etsy is down, adidas also saw sales decline. are you seeing slowing growth as we emerge from the pandemic? >> not really, sara. we think of it through the eyes of the consumers so in almost every day, they start their shopping or exploration other cases they may buy it or reserve it other times they had to go to the store to try it on so we gear our entire focus, our entire offense, as we call it here, to serve that consumer regardless, and that served us we can meet their demands how they want to do it, on their terms. >> the principle is to keep our employees save and secure. >> and retail is open there, so the situation differ in different markets around the world. vaccine availability difference. here in the u.s. we're strongly enkaurg encouraging our employees to be vaccinated bond things will be different. we will be spending some of our time together in person, but also we have learned a lot from this pandemic how we can work more productively, more inclusively, so we'll be adapting

. >> i mean, it's also because of the etsy quarter and roku quarter, like it's whiplash.bout people going out more, right? >> yeah, i mean, i don't know if it's an in play, you want to go out. the issue here is that we were able to go to the stores, maybe we won't go to the stores. i went to mcdonald's this weekend, and i went in, no mask. it was terrific. boy, i love their coffee i got their coffee, and i said wow, it's all changed. i said wait a second, what am i doing here maybe i should have a mask. >> you have me wearing the n95s again just to be safe. just a layer of productection. it is air span celebrating its listing via spac and an auto service provider we're watching as well yields, jim, back to 2 1/4 this morning. we're going to watch that. interesting that really the ten-year did come off some technical levels last week. >> right, right. and i never want -- most of the people who watch our show, market, i never want to say hey, look, it's rational that the market's down, but we did lose afghanistan over the weekend now, i know we were supposed to lose it, but

stuart: etsy i call them tchotke sellers. susan: why do you call them that?w york expression. i'm familiar with it. we have to check robinhood again please. now it is up 54%. i will call that the stock of the day. we'll concentrate on that thing throughout our three hour long show. >>> next case, you want to know what new yorkers and tourists think about the city's required vaccine passport? listen to this. >> let the city open up. it's a great idea. >> i don't think it is necessary at this point. >> i think it is my business. >> if you're not vaccinated -- stuart: mixed bag of responses. owner of bobby vann's steakhouses will be on the show. he thinks this is the kiss of death for some restaurants. been watching olympics? i like what i see. i like the athletes who drape themselves in our flag. love it. my take on that, top of the hour. ♪♪ (naj) at fisher investments, our clients know we have their backs. (other money manager) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to always put clients first. (other money manager