ernie garcia. we're going to turn now to the u.s. economy.se the fed's favorite gauge of inflation was out today in line with expectations. and it's a big day tomorrow because we have, of course, the jobs report. we're going to go live now to the white house where we are joined by the chair of the council of economic advisors. and first perhaps, speak to where you see inflation right now. because of course it did come in right in line with expectations. but there were some critical components that mattered the most to americans as well like food where you saw bigger jumps than others. >> first of all, sticking with the top line, p.c. inflation, 2.1%. that's just about back to the fed's target. and it's consistent with a trend in easing inflation. as you've mentioned, some different components are going in different directions. we're always going to get that. but when it comes to grocery prices, with he know that grocery prices -- we know that grocery prices were growing at double-digit inflation a year and a half ago. they've come down to abo

don't forgot tomorrow, on "money movers" the first on cnbc interview with ernie garcia, and what hasf a year for this stock and company. >> indeed. phil, we pressured it. victoria, for you and the trade on carvana, i'm curious what you'll do. >> for me, this is a sell the stock is up 61% in the last month and a half. i think they'll see a problem. we saw it with car max. i think possibly we're not going to see the margin growth there. if the margin growth stalls out, some of this rally might have gotten in front of it. >> as everybody else gets more into and technology catches up, i'm not sure if this is sustainable. remember, two years ago this stock was almost in bankruptcy, so i think a bit for march, i'm going to take my 300% profit, see what they do on margins. i get worried after the car max results, they're just not going to be good enough. >> great point. vic victoria, thank you for your time today. >>> still to come, looking to power tech gains. we will look at one etf that could be a solid companion trade. market navigator is next. voya helps you choose the right amounts wi

what did you think of ernie garcia? happy halloween. trick? no. treat.quarters of the whole year. >> one of the -- >> carvana. >> i mean, i don't know. have you seen a stock turn around like the magnitude of what carvana's done in the last couple years? >> we were very negative on it. >> lot of people have been negative. the shortage on that was ginormous. >> i said, take me to one of these things. prove it. and then i did one of the cars, like, i bought it and i didn't like it and i took it back. it didn't have -- this is the model. he only has 1% of the entire used car model. it's the most lucrative company in the used car business. he has -- he is operating at scale using his own internal cars for returns. this is an unassailable $300 stock. >> look at the turnaround is incredible. widen that chart back out again, you can see the big, big peak and then the huge, huge turndown. >> garcia is a brilliant operator. i went to one of thinks -- he's got the vending machines, obviously that's schtick, but he's got these places that can recondition cars in rec

ceo ernie garcia will be on "money movers" today at 11:20 a.m. eastern.irst on cnbc. >>> automaker stellantis reported a 27% decline in third quarter net revenue, but said it was making headway in the operational issues. it was making good headway in slashing bloated da-- i don't le that word. stellantis issued a profit warning in late september trimming its annual guidance. >>> shares of roku are tumbling. the profit forecast coming below the estimates. roku will no longer report the number of households that use its products each quarter. that mirrors a situation by netflix to stop reporting. >>> and shares of dow component amgen beat expectations and revenue was in line with expectations. sales of the pharmaceutical products were up in the third quarter with ten medicines posting double digit sales gains. it expects numbers for maratide in the next few months. >>> you have shares of clorox higher. the cleaning products maker raised guidance and said increased advertising help regain the marketshare it lost when the cyber tack disrupted production last