in roblox so there's a dip we're seeing that will come up in the back to school season that is what analysts and i have been saying the question for roblox is can they capture the incremental dollars inside of all that immersive time spent and that is pretty flat as far as i can tell. >> here are my two questions about gaming overall heading into 2023. i worry that take-two and others are going to have to again rely increasingly on others' intellectual property including sports, including major franchises like marvel and disney and those players can afford to raise their prices and narrow the margins for the gaming companies and then also on the lower end with take-two they have zinga and attention translates but a lot is based on internal game economies and advertising and see consumers spend and advertising coming down will we eventually see the likes of zinga, mobile players get hit in a slowing economy and will people have to take their estimates down >> yeah, the mobile side of that, i think there's a third pressure that is important, which is the platform players like apple an

but games like fortnite and roblox offer us a glimpse of what the metaverse could be — virtual realmsop concerts, fashion shows and sports. ah! as well as allowing us to play games and mashing up different activities across genres and industries. but why would we want to experience our online lives in this way? what advantages does it offer over the internet as we know it today? to get the answer to that question, we're back in the real world, with craig donato — he's chief business officer at online platform roblox. craig, are we really going to conduct our lives online in this way? our position is that for younger users, people that grew up with interactive online gaming, the metaverse is already here. it's fascinating to look at it through their eyes. they actually view reality differently from you and i, marc. we see, you know, there is the physical world and the digital world. and for us, the digital world is actually less than the physical world. but for them, it's a totally different thing. but humanity won't be alone in these online virtual worlds. greg cross is co—founder and

but games like fortnite and roblox offer us a glimpse of what the metaverse could be — virtual realms fashion shows and sports, as well as allowing us to play games and matching up different activities across genres and industries. —— us to play games and mashing up different activities across genres and industries. but why would we want to experience our online lives in this way? what advantages does it offer over the internet as we know it today? to get the answer to that question, we're back in the real world, with craig donato — he's chief business officer at online platform roblox. craig, are we really going to conduct our lives online in this way? our position is that for younger users, people that grew up with interactive online gaming, the metaverse is already here. they actually view reality differently from you and i, marc. we see, you know, there is the physical world and the digital world. and for us, the digital world is actually less but for them, it's a totally different thing. but humanity won't be alone in these online virtual worlds. greg cross is co—founder and ceo

he's chief business officer at online platform roblox.ing to conduct our lives online in this way? our position is that for younger users, people that grew up with interactive online gaming, the metaverse is already here. it's fascinating to look at it through their eyes. they actually view reality differently from people like you and i, marc. we see, you know, there's the physical world and then the digital world, and for us, the digital world is actually less than the physical world, but for them it's a totally different thing. but humanity won't be alone in these online virtual worlds. greg cross is co—founder and ceo of a company specialising in al called soul machines. he thinks we'll be sharing these spaces with digital people. if we're going to have to spend more and more of our time, i even on the internet,| you know, transacting and interacting digitally, - how do we provide that human connection? and we do that by providing . a digital workforce for a whole wide range of industries. what should we start with? one of the most int

roblox sinking after reporting a bigger than expected loss. shares down 20% today.'s trade these names with delano, ceo of new street advisors and a cnbc contributor. let's talk disney here disney stumbling. >> yes tyler, good to see you it is. it is sum bling. i think one of the reasons why because they missed heavily on the park side and that's where a lot of investors wanted to see some of the strength if you look at what's going on on the dtc side that's where you would pay for a premium, looking at the stock and exaggerated move after earnings because they're looking to shrink losses over $200 million in q1 for the dtc side and also they're predicting a stronger holiday season if you look at it in its totality, their gain share on netflix when you talk about mexican plus, disney plus and hulu subscribers there's an opportunity i like to wait for the exaggerated moves to clear out before i jump in. >> let's talk meta it's clear investors have been waiting to see whether facebook owner meta could pivot and really tighten the belt somewhat they announced they're d

up next, roblox. getting pummeled the stock losing 72% off its peak value the company announcing much of their new metrics for daily active users and bookings already, but steve, what more can we expect from what has been a very volatile roblox, which as you reported a couple of weeks ago is now going to be introducing advertising on the platform >> that's part of the story, too, brian first of all, it's those user numbers and how much they're spending within the game we heard from take two interactive just last night and ea, electronic arts, the week before, and they're all pointing to these really sour and dour mobile gaming numbers. take two revised their guidance down last night because mobile gaming is kind of falling off a cliff, as we come out of the pandemic and people aren't spending as much time on their phones anymore so they have that huge headwind ahead of them, which is why you're seeing roblox put forward new products like this advertising thing that's going to start rolling out more sl

. share at online platform roblox.ne platform roblox. are we really going to conduct our lives online in this way? £31!" lives online in this way? our osition lives online in this way? our position is — lives online in this way? our position is that _ lives online in this way? our position is that for _ lives online in this way? <1)!" position is that for younger users, people who grow up with interactive online gaming the metaverse is already here, it is fascinating to look at it through their eyes, they view reality differently from you and i, mark, there is the physical world and the digital world and frosty digital world is less than a physical world, for us it is a totally different thing. for us it is a totally different thin. �* ., , different thing. but humanity won't be alone _ different thing. but humanity won't be alone in _ different thing. but humanity won't be alone in his - different thing. but humanity won't be alone in his online l won't be alone in his online virtual worlds. grand cross is co—founder

. >> last but not least, roblox reports next week. jeff, trade it or fade this one? >> so, i'm going to fade it. i will say, there's something to this business. i talked about it before my kids use it, all their friends use it i think it's a long-term metaverse play, but i think they're going to passengerize companies for lack of free cash flow, and that is roblox if you look at e.p.s. to 2026, it is -- i've purchased a lot of robucks. that's falling i hope advertising is going to save hat, but that's unproven at this point. at eight times sales, i think the stock underperforms for at least the next few quarters. dan? >> i agree with everything he just said, and i think there's a good chance it gaps lower. fade the print, but i think you do buy this thing after the fact, because -- >> he's playing a new game, mel. >> look, i saw five stocks that were down more than 25% today. they all don't have earnings because they missed on results and i think everything jeff said is correct, but you have to think about what is your list and why you're doing it. jeff is doing that

we are overweight in activation under way roblox our main thesis on roblox is if you look at the averageer user today around $50 for this year up from the piece of covid, which was 60, but well above pre-covid levels in 2019 so we do think that metric trends back tos 40d $40 over tin our thesis being short. >> mario, thanks for being with us. >> thank you >>> and last night in las vegas, i was onstage at the first cnbc spark event with a group of health tech leaders discussing how innovations in the space are addressing health equity and pulling in new investments despite the broader economic downturn chief medical officer neil shawn and dina shatner among those at last night's event discussed maven's recent funding round announced yesterday and how that innovation remain as priority especially for employers take a listen. >> covid has opened up an entirely in way of thinking about our bodies, our economy, our health as individuals and as populations. there is a renewed interest among individuals, among investors like myself and my colleague, who co-led maven's latest round to see there

stu: what's up with roblox?en: yeah, 13% down to the downside and revenue bigger than expected and i think of roblox as a game for kids but they're growing the most in the 17-24-year-old age group. that was interesting because that's the age that's supposed to be working contraindication for cerumen removal right? work; right? kroger says ever core upgraded them to buy and says they're going up 18% more in share price and the reason is not good because food inflation is still a problem and folks are going to continue to trade down from going to the restaurant than cooking at home. we'll figure out how bad cooking at home really .s stu: governor brian kemp, georgia, won the reelection and however the senate race between raphael warnock and herschel walker is too close to call. what's the latest, connell? >> it's a much better night as numbers come in and we take a closer look at one over the other. brian kemp winning reelection in the governor's race and far outperformed about every metric herschel walker. we've

but games like fortnite and roblox offer us a glimpse of what the metaverse could be — virtual realmss genres and industries. but why would we want to experience our online lives in this way? what advantages does it offer over the internet as we know it today? to get the answer to that question, we are back in the real world, with craig donato — he's chief business officer at online platform roblox. craig, are we really going to conduct our lives online in this way? 0ur position is that for younger users, people that grew up with interactive online gaming, the metaverse is already here. it's fascinating to look at it through their eyes. they actually view reality differently from people like you and i, marc. we see there is the physical world and the digital world. and for us, the digital world is actually less than the physical world, but for them, it is a totally different thing. but humanity won't be alone in these online virtual worlds. greg cross is co—founder and ceo of a company specialising in al called soul machines. he thinks we will be sharing these spaces with digital peop

due in large part to a weakness in mobile gaming roblox a similar story up 6% after missing earnings expectations a couple days ago and showing a fall in user spending within the game now, over all, what we're hearing about gaming, the gaming industry out of these earnings they're lapping the really tough comps they experienced during the covid lockdowns and all that growth during the two or three-year period but they are above where they were pre-covid so gaming behavior is kind of normalizing now post covid lockdowns. john, over to you. >> all right steve, thank you >>> another stock surging in today's rally, unity software. higher buy let's see. i don't want to -- 28.5% after reporting third quarter results. also completing its merger with iron source earlier this week. joining us now an exclusive interview with unity software's ceo. i want to get into the quarter and especially what happens with the app ecosystem going from here but before that i want to give you a chance to respond to the bloomberg article that is out focusing on you including on your relationship with a former

go to getrefunds.com powered by innovation refunds. >>> let's get to jim and "stop trading. >> robloxd last night, the daily average users were flat, disappointing bookings i think people are just saying, you know what? it's time to recognize it's a good situation. it's certainly not worth -- like so many other stocks of this era -- speaking of other stocks, i have amc on tonight. >> you have adam aron on tonight? >> yeah, i have adam aron on tonight. >> mumbling a bit. hard to pick it up. >> what are you going to do with him? >> talk to him. >> dutch bros. i hope he brings the annihilator. i've got to be up until friday i have a lot to do. >> david, it's not on to cincinnati it's accountability time google the name saturday >> i just missed it. i was too busy watching jets highlights all day monday. i missed the news on frank wright >> the coach of the jets that would say this coach needs to be fired. >> robert saleh. >>> we'll see you tonight, "mad money" 6:00 p.m. eastern a lot more on meta and the eag aerheominupft t brk. in any business, you ride the line between numbers and peop

caroline: roblox helped with this idea of a metaverse.e that is maybe where crypto comes in. you have a native digital currency. when are we starting to see that -- when we start to see the fallout, is that going to impact the metaverse via the true direction of travel? >> the payments that are taking place inside those large platforms are not crypto. when people look at metaverse, they think web three and metaverse are the same things. they are not. web three depends on decentralized protocols. metaverse is the consumer layer. in the same way we saw the browser was necessary for the internet, metaverse is going to be necessary for web three. we are way far off and seeing the applications of these technologies in web three. what has happened today with ftx shows that the tools may be valuable but their application is going to take a wild. airline could therefore when hiring -- i'm -- caroline: is the workflow in the right space? these companies, have they got the right resources or letting go of the wrong people? >> there is an old saying

i'm drawing the line dating app for toddlers. >> what i was saying, it's opposite ends, roblox is kidsand tweens joe, you got to catch up >> dating apps for toddlers, no. >> i'm glad you had an answer to that, we were both like what >> we need to keep kids probably off social media but there are dating apps for adults i didn't work. but -- >> roblox -- >> frank, you know we're listening to every word. >> you guys -- >> hanging on everywhere it's good. all good >> always great to see you guys. just to be clear, no dating apps for kids. >> thank you >>> right now we want to talk about the markets as we brace for that key inflation data. the october consumer price index is going to be released in less than than an hour and a half right now, we want to bring in the president of a research company. what are you anticipating? what happens if it's hotter, what happens if it's cooler? >> well, 7.9% is clearly biased to the optimistic side because in september we had an increase of 8.2%. i think the consensus is clearly looking for more signs of a peak in the cpi i think we've had some but just

back to the marnkets with the earnings season rolling on with disney and roblox reporting this week ando clients, david koston is citing margin headwinds and the outlook would dim further if the u.s. enters recession. we have seema shah with more on this we spoke about the growth forecast for the s&p down to 0 from 3% saying recession to lead to further rescission to the down side. how do you see the markets playing out for the rest of the year and 2023? >> i think for the remainder of the year, there is potential for a technical rally. we know around the mid-term elections you typically get a bit of an upturn where the market rallies that is standard action for markets historically we think that could happen because sentiment has been negative as we get into 2023 and what you have from goldman sachs is we expect earnings to take a bit of a drop back. margin pressure coming to the forefront and we are expecting recession in the u.s. from the second quarter that will drag down and put renewed downward pressure through next year. >> a lot of pressure on markets in general right now so, an

let's bring in susan to look at to roblox.an expected over the summertime. this is the kids' video game maker. they did beat on sales, 58.8 million average daily active users, and that's up by a quarter over the past year. sounds pretty good because almost 70% of these players are under the age of 16. but in this environment of higher rates, slowing growth if you're not making money, that's a problem. iewr stuart cryptos, explain, please. susan: yes. ftx on the brink of collapse apparently according to the latest headlines. they reached out to another large crypto exchange called okx over in asia with, eventually getting help from binance which we know is the world's largest crypto exchange which operates internationally. its ceo says that this is not a victory for him or really the entire crypto space, and it has severely undermined confidence in cryptocurrencies, bitcoin a trading as its lowest in two years. stuart: is it true that sam bankman fried lost $16 billion yesterday? susan: most of that is 7-8 rollings in robinhood

. >> brynn, 20 seconds on roblox next week, expectations are what >> you want to see revenue north ofon this is not a company that you're looking for a pe here you want to see daily active users growing. you want to see how much money they're making per daily active user growing that's weak the past couple of quarters i continue to like this stock long-term as a sticky platform that continues to have really dynamic engagement with users on a daily basis. >> quick break, final trades on the other side >>> are you a veteran, do you have a question for the half-time investment committee e-mail us a video with your name and rank, askhalftime@cnbc.com you could be featured oonur special show on veterans day thank you for your service at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. ♪♪ f

to use, and i think we've done a pretty good job of experimenting with new platforms, whether it's robloxor snapchat, it's crazy now. snapchat is not that new anymore, but we were willing to experiment and as we learn, we evolve with the platforms, and in some cases that means we walk away from it in other cases we choose to invest more. it's similar here. we're just assessing frankly the media landscape, and we'll figure out where is the best place to present our brand with the message that resonates with our customers and our employees. we've got 100,000 employees that we use these tools to communicate with as well >> is it what elon musk says or does is it -- are you monitoring hate speech, like what are the things you're looking at there? >> look, we're definitely monitoring i think the primary thing for us to focus on is who's actually using the platform, right? is it the guests that we need to communicate with through the platform that's where this all begins, and then obviously you evaluate, you know, what are other things showing up you know, there are places we choose not to adve

squishmallows, roblox, paw patrol, cocomelon, now top gaming consoles including nintendo switch, xoxies x and playstation 5. as for electronics you have apple airpods, instapots, smart tvs and digital cameras. janai. >> so many things, and the massive deals out there, people heading to the stores and online this weekend, is it better to wait though for cyber monday? >> it depends on what you're looking for, if you're looking for deals this weekend, check out clothing, toys, sporting goods, it's a great weekend for those items. if you're looking to buy a computer, consider wait for cyber monday. cyber monday also set to have the best deals on appliances and a data point worth pointing out, many of us are shopping from our mobile phones, driving 55% of online sales so far, janai. >> i may know a thing or two about that. deirdre bolton, thank you. >> a little bit too easy. >>> we move on to the big holiday exodus, millions of americans are packing up, getting ready to head home after thing thanksgiving holiday, tomorrow is traditionally the busiest travel day of the year. reena roy join

. >>> let's get a gut check on roblox today losses were more than 30% greater than analysts had beenhas obviously been crushed over the last year, reached a market cap of nearly $80 billion in november last year. today that number right around biiolln. we'll be right back. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. at humana we believe your healthcare should evolve with you and part of that evolution means choosing the right medicare plan for you. humana can help. with original medicare you are covered for hospital stays and doctor office visits but you'll have to pay a deductible for each. a medicare supplement plan can cover your deductibles and coinsurance but you may pay higher premiums and still not get prescription drug coverage. but w

for example, the phrases in the new outfit goes like on broadway or catch from roblox. rush a set of random replicas or an encrypted message. no, this is an example of an expression in youth slang in modern times and the one used by our parents, what do fashionable words mean, are they appropriate in speech and how does slang in soviet youth differ from modern correspondents of the banner of youth learned how representatives of two generations relate to this phenomenon? we follow the sports life of our country during a difficult period for the entire belarusian football, it is important, without arranging something to lament, to undertake the construction of such stadiums. this is an amazing phenomenon and the quality of football will increase transmission, please let us know how new heights are reached by exceptional physical abilities and help keep yourself in shape. but after all, moderate physical activity helps to cope with many problems. a million sports tips check each one and use it better don't miss all the most relevant sports. projects on our tv channel efir

that's unfair to roblox some groups are so hated it doesn't matter the skeptics will come from the wood work and pull it apart and door dash up $10 and got pummeled finishing the day up. when resorts reports, too, this is very important because this is the casino hostage play i say that business hostage, the chinese irrational covid policy. i thought the chinese government might want to be more rational and that's why we bought win for the charitable trust i was wrong. lately, the stock is creeping up suggesting president xi changed course and taking the trust because the stock is derisked by the extended lockdown. thursday, we have some more companies that came public in the great era of exit. the great era of exit. coin that. i prefer to view the stocks as n names to buy all the companies, not just a few shares, that's how low they are like campus. a three-day technology outfit. the era of excess allowed everyone and everything to come public so they did in toast, yeah, toast, all right. this is a point of sale company. is toast toast as i said many times i know when i owned a bar com

but games like fortnite and roblox offer us a glimpse of what the metaverse could be — virtual realmseality differently from people like you and i, marc. we see there is the physical world and the digital world. and for us, the digital world is actually less than the physical world, but for them, it is a totally different thing. but humanity won't be alone in these online virtual worlds. greg cross is co—founder and ceo of a company specialising in al called soul machines. he thinks we will be sharing these spaces with digital people. if we are going to have — spend more and more of our time, even on the internet, you know, transacting and interacting digitally, you know, how do we provide that human connection? and we do that by providing a digital workforce for a whole wide range of industries. what should we start with? one of the most interesting things we have learned about deploying digital people in healthcare and education is people often prefer to interact with digital people because it removes the fear of humanjudgement. soul machines is already building digital celebrities

earnings season rolls on we will hear from activision and lyft we will hear from dupont on wednesday and robloxazeneca and ralph lauren as well quiet day until thursday when we get the government read on inflation and consumer price index. the bond market is closed in observance of veterans day tune in to our coverage of "business on the ballot" tomorrow night at 7:00 p.m it is "squawk at night." >> what happened to your money your vote? >> i don't know. >> did we retire that? bullets over broadway? >> "business on the ballot." >> blue sky? >> joining us to talk about business on the ballot and the jobs number on friday. greg branch. managing parter of veritas good morning to you. what happened on friday? what will happen this week at this point >> it's interesting. t i was thinking about this over the weekend. the fed is waiting for three things to happen before waving the flag that is we will see employment or unemployment reach some level that is intolerable. obviously that did not happen with the jobs number we will see a major contraction in the economy which obviously that didn't happen l