we've got one more earnings alert, activision blizzard higher after earnings let's get to josh who ishe call hey, josh. >> remember heading in the last three months it was under performing on the market and off 10% from recent high, but now higher in the after-hours following this report. caught up with andrew at jeffreys who said activision is signaling confidence that call of duty continues to track well and suggests the next version of call of duty should be strong, he says this is a buy, the company will beat tough comps he's betting and return to double-digitalility growth next year on the strength of new titles ceo said better results driven by call of duty, war craft, and candy crush, and deep libraries and strong creative team s. demand has never been stronger the executives says the pipeline include over watch, new version of call of duty looking great, question on the call, as the world warms up now, impact on player engagement aside from normal seasonal trends, executives saying they've seen benefit from the shelter from home trend in the past year but much of the expansion

a few months ago, we saw activision laying people off. time, the minute this was happening that activision was laying people off, its ceo was on an earnings call saying it just had its most profitable quarter ever. unfortunately, that is the reality of the games industry. emily: i'm sure that doesn't do a lot from around. the gaming industry has also been historically very male-dominated in terms of the players and customers and also the people making the games. we just heard the ceo of zynga say that a huge number of his customers are adult women and industry is changing. i wonder how much it is changing . what percentage of gamers are women now? what percentage of game makers are women? >> the last thing i saw was that about 45% of game players are women. that needs to be contextualized because that includes zynga games, mobile games, facebook games, a lot of games that have larger female demographics. still, we are talking about a world where women are playing. long gone is the stereotype of the teenage male basement dwelling gamer. ga

activision and blizzard.arted doing markets reporting, i was a videogame beat reporter. you see some pretty strong earnings coming out of these videogame companies. especially last year. that is what you saw on tuesday. that massive beat offer earnings. again, today, -- candy stocks really hold onto their momentum. something to watch in the days to come. emily: sticking with gaming now, zynga bullish on the remainder of the year. although covid restrictions are starting to lift across the country, they are maintaining the profit outlook, setting investment into cross-platform play and hyper casual games. for more on the predictions, we are joined by frank. the pandemic is weighing but game usage is staying up. why is that? >> as we see people start to return to work and go back to school and their lives, they are going back to engagement and mobile gaming is beginning to rise. at is because you can go back to the post -- precode lifestyle. it is really encouraging to see engagement continue to grow, even as p

. >>> more big earnings coming up after the bell, including lyft, t-mobile, zillow, activision and more let's focus in on the big stories we are watching. mike santoli tracking the volatile market session. meg tirrell with the latest on covid, including president biden's comments this hour and hiemts fhighlights from an exclusive interview with the head of pfizer mike, start us off. >> pretty disorderly exit from tech today very determined selling and it's turned from what was an across the board week in the indexes to really much more of a messy rotation again, a familiar tone that we've seen for a while so the s&p, no net progress since mid-april. in fact we're now below where we were a couple of weeks ago so you've had this flattening out of the index many people, me included, saying right here, okay, we're a little overbought, we'll see if we go sideways and if you need a pullback not much has really happened to change that determination. you do see some funny things under the surface meaning bond yields down along with banks up and growth stocks leading to the downside something se

names like wattana and activision blizzard, not to mention gm and vw. we do have a very busy week ahead. paul: let's see how asian markets are shaping up new zealand, just a few points stronger. a few major markets closed today, japan and china along with thailand and vietnam. aussie futures looking mostly flat. first half beating expectations. the interim dividend, $.58. aussie tenure fairly stable ahead of tomorrow's rba decision. korean futures looking a little weaker. today is the day the ban on short selling in korea is partially lifted. going to be an interesting day of trade there. shery: india's elections underway right now despite the ongoing covid crisis in the country. prime minister modi's party currently trailing a key state election which is seen as a test of his popularity and an indication of whether the backlash over his government's handling of the covid-19 emergency will hurt him at the about box. joining us now is ros krasny. give us the latest not only about the virus situation, but also about the election. ros: yes. it is so intere

there you go names this week intel, gogo, masonite and trupanion and activision blizzard.ere on wex. >>> now to the story that everybody is talking about the cdc's new mask guidance. saying fully vaccinated pe people no longer need to wear a mask even in most indoor settings frank holland joining us from atlanta with reaction from companies and what they are supposed to do >> reporter: good morning, brian. let's do a history lesson. it has been a year since the cdc recommended a cloth face covering the former commander in chief would later wear a mask and since then we have seen confrontation over a face covering the guidance that vaccinated people do not have to wear a mask in many indoor and outdoor places have brought on mixed reaction the grocery workers union saying essential workers are still forced to play mask police for shoppers who are unvaccinated. are they supposed to now become the vaccination police another question how does this impact states with mask mandates? half the country still does and many businesses mandates face coverings. disney's ceo says this a

activision's candy crush performed better this time of year, up nearly 4% and stock three is match the other than of tinder and other dating apps better than expected first quarter earnings. match's ceo saying, quote, with the number of people getting vaccinated we can't help but be excited and looking forward to a summer of love it certainly seems like it's going to be. match, up more than 6%, investors loving that. >>> still on deck, a wall street debut with a little hollywood star power attached. we're going to speak with one honest company investor about that company, finally going public, honestly we're back in a moment, with dow futures up neay 0.rl10 these days you have to keep everything moving and reinvent the wheel. with a hybrid, you can do both. that's why manufacturers are going hybrid with ibm. with watson on a hybrid cloud factories can use ai to automate the little things so they can focus on the next big thing. businesses that want to innovate at scale are going with a smarter hybrid cloud using the technology and expertise of ibm. woo! you are busy... working, parenti

from jefferies countered these will keep grows ons backs of others and andrew's top picks, zynga activisionnd ea back to you. >> thanks, josh. a good segue, talking gaming applovin reporting its first results as a public company following the stretch as an ipo. tough on the stock like a lot of recent ipos that said, a lot on the street and joining us, founder and ceo. adam, good to see you. so revenue eps doubled year over year you said on the call a lot of that over the past couple quarters was attributable to acts on your machine learning. raised the question for me in six months meaning comps get tough or momentum to go for some time >> we're super excited about our growth put it in place six months ago these types of softwares improve themselves over time, as we continue to grow our first-party data from the games we built also bring more clients on to the platform there's a huge opportunity that we see to enable us to grow for years to come. we posted the shareholder letter on the website, too, i urge investors to read enumerating these opportunities as well and we're it skewed what li

ea has had a problem for a long time and i think it still does >> we got activision blizzard this week. what do you make of the trade structure that tony is using >> yeah, i think the trade structure is the important leapt here this applies not just to this stock but any situation where you have a catalyst coming up. if you feel the options market is underestimating the potential for a move that's when you want to use a debit spread. look for debit spreads that have payoffs like the one here of almost 3 to 1. that's typically the math we're looking for. i like the trade structure and both the fundamental and technical setup makes sense. >>> still to come -- professor khouw will try to keep you from slipping on a big pile of oil. >>> and don't forget to check out optionsaction.cnbc.com sign up for our newsletter there. much more "options action" just ahead. we're carvana, the company who invented car vending machines and buying a car 100% online. now we've created a brand-new way for you to sell your car. whether it's a year old or a few years old. we wanna buy your car. so go to carvan

bmo updating activision. for more, check out cnbc.com/pro court?up on "power lunch," fund fight it's old school verse new school one wall street oracle against the other. cathie wood and warring buffett seem to disagree on a lot, especially when it comes to apple. we'll explain. >>> plus one group getting crush recently, electric vehicles and batly stocks lie tesla, fisker and blink wndo big we'll talk about it when we return my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement. it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving

i can be an example call of duty did really, really well for activision. they pulled over 2 billion dollars which is 20 blockbuster movies in hollywood. that industry is alive and well. kentucky fried chicken's hiring 20,000 employees. not exactly the job. most people want. and again, it shows that there's a labor shortage out there. but the news i guess is a little bit better than yesterday. but we really seem to be treading water waiting for direction. ok. >> new certainly not good for peloton. we're doing the story today about how they're now doing a recall of their treadmill. yes, this is something that's been going back and forth between them and the consumer product safety commission right. >> yeah, not for very about a week safety division basically sets up along the lines of one kid has died. lot of people have been injured. it's an unsafe product and peloton cvs said, you know, we'll fight on this we don't think so. a week later he jumped on his sword and said i'm sorry with a complete recall on the treadmill. plus of that right now. not the bicyc

. >> they do not want to stay at home and play activision, even though it was good, "call of duty."to be at the restaurant yes, you can order from drizzly and that's great, but there's nothing like being at a bar. nothing. >> that's true belly up cannot wait. >>> up next, jim cramer and the committee ready to answer your questions in "ask halftime." that's next. we will be right back. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. - [announcer] if you've tried college but never finished, snhu let's you transfer up to 90 credits toward your bachelor's degree. - [woman] it doesn't matter how old you are, you can do it. you can finish. - [announcer] finish your degree at snhu.edu. ♪ >>> all right. let's answer some of y

activision and gamemakers, along with the xbox and the consoles doing very well.a record year when it comes to sales. stuart: gaming is big, and i'll leave it at that. but, susan, let's get back to caesars. we showed earlier that they're got a nice pop there, 9.25%. susan: yes. stuart: good earnings, is that it? susan: yeah, that's right. they had a huge loss in the first quarter of this year, but stock markets anticipate what's upcoming, and they're seeing a big recovery in the las vegas especially if we have, again, people coming for conventions and in-person events, and that's why caesars is up. big loss though, we're looking at a few hundred million dollars, republican a billion in the -- almost a billion in the first three months of this year. stuart: i want to talk about your favorite etf run by kathy woods, a arc innovation, it's up this morning but about 30% down. fill us in, susan. susan: yesterday we had that major selloff when it comes to the nasdaq, the worst day since march of this year, and the arc innovation fund, what they call disruptive technolog

shares of activision rising, pointing to momentum from titles like call of duty, world of warcraft, andsh. annual revenue will be $4.6 billion. anna: thanks very much. as india suffers through its worst covid crisis, the central bank has announced loan repayment relief and set to boost credit to key sectors as localized lockdowns imposed by states are hurting businesses and jobs and have the potential to inflate bad loans at indian banks. we are live with the bureau chief in mumbai for bloomberg. what is the rbi doing here? >> the rbi governor this morning announced he would speak to the media soon. the rbi has two sets of people, small businesses and businesses engaged in the virus fight. vaccine makers, hospitals, etc.. the aide is mostly in terms of loan relief or cash injection. the rbi has opened a 500 billion rupee window for banks. banks can access this cash and then loan to vaccine makers, hospitals, etc.. for small businesses, we will give you another chance. what is very interesting is why these segments and not the broader economy as a whole? the rbi said this time around ind

growing on the back of strong pipelines, and valuations, he says, look very reasonable a fan of activision start with our next cap, a new call on apple, seeing some potentially worrisome trends and similarities between the cycle on the iphone 12 and an old cycle with the 6 let's dive in further with bernstein senior research analyst. tony sagalakis. >> good to see you, thanks for having me. >> what happened with the six because it actually was good for a while, and then created some problems in the cycles to follow, what's your call >> sure. so our observation is there have been free pretty strong iphone cycles over the last seven years, the iphone 6 cycle when apple introduced the first larger screen phones that was a very strong cycle the iphone 10 cycle in 2018 where apple introduced no face i.d. excuse me, face i.d. and removed the home screen button, and had edge-to-edge displays. that was a strong cycle. and then the current cycle, the 5g cycle all of these cycles have had notable similarities, double digit iphone revenue growth, strong improvement in selling prices for the iphone. a

coming out of what we saw yesterday from roblox which remains our favorite company in the space and activisione tailwinds that we've seen from the pandemic. looking towards more of a permanent situation. but honestly, the ea guide was a little light, particularly to us on the eps side. >> why is that is that a problem in general with video gamers just going out as the economy reopens or is it something specific with ea >> no, i think it's something specific with ea the top line guide was fine. there was definitely something on the cost side we're not exactly sure what that was. and also there's just questions surrounding ea as they embark on this next fiscal year. first of all, they're going to really press further into mobile, especially with the launch of apex legends on mobile we're not sure what that's going to look like they're probably not that sure either, which is reflected in the guidance, number one and number two, they have battlefield coming for the first time in a few years, and the shooter space has gotten very crowded, especially during the pandemic, where you've seen players re

don't forget those guys, the gaming guying, activision might be interested. amazon, they make a great move, they make bond, where is adam aron >> watching it at his amc theaters >> cut out entirely. >> and amazon, where is to the moon '21? >> i don't know either >> amc's going to be up again today. >> and why not and carl, if you're in a meme stock, why would you ever sell it they obviously are going to take it where they want to take it. they're a buying group the s.e.c. has not said they're a buying group they're powerful they want the stock higher it's child's play. why ever sell into the his history -- maw of reddit, bets, why? why? why? >> i think everyone is asking that question and i do wonder whether or not you are welcoming this resurgence in the meme narrative and is that a net positive, if it encourages retail, if it encourages flows, or if it brings back the debate we had earlier in the year about -- >> i think it encourages flows it's where they seem like train wrecks admittedly i pleaded with him last night to go after beyond meat 22% short. eas

amgen up as you can see 3 quarters of one% and the nasdaq there are winners, adp, amgen again, activisionhe majority of stocks moving lower, the dow as we said earlier up 270 points. next one for you, pal and tear reporting a growth in revenue, pretty impressive. the question is why is it down more than 3%? >> stock markets trade on future business and the second-quarter spring sale will be less than expected, slower than anticipated and that despite slower sales in the first 3 months and more client sign-ups which is impressive but very interestingly, the ceo said they are looking to buy bitcoin and accept bitcoin as payment, they made some good money off of their bitcoin holdings and investments, this is a big deal for them. ashley: it is indeed but as we say the stock is down 2%, 3%. let's look at tesla if we can. another drop this morning, down more than 4 and a half%. >> below $600 a share, they just announced this morning, some unimpressive china sales, 25,000 plus sold in the month of april, that is a drop of 20% for march, losing seals month over month android is reporting the mod

scott gottlieb >>> and check out shares of a activision blizzard.e company raising its guidance for the year >>> squawk pod is a webby nominee for our coverage of the 2020 racial protests and ceo response >> in the long run what is enlightened for all americans to feel like participants in the economy. >> spo ouprtur squad pod, go to cnbc.com/vote squawk pod and make your voice heard. and tackle four things at once. so when her car got hit, she didn't worry. she simply filed a claim on her usaa app and said... i got this. usaa insurance is made the way kate needs it - easy. she can even pick her payment plan so it's easy on her budget and her life. usaa. what you're made of, we're made for. usaa. age before beauty? why not both? visibly diminish wrinkled skin in... crepe corrector lotion... only from gold bond. cal: our confident forever plan is possible with a cfp® professional. a cfp® professional can help you build a complete financial plan. visit letsmakeaplan.org to find your cfp® professional. ♪♪ visit letsmakeaplan.org to find your cfp® profe