finally tell me about activision blizzard >> activision again is one of those stocks that in the new post-covid world where there's the hybrid of pre-covid life and post-covid life, folks are staying at home or they're still playing their games. and i'm not a big gamer, but i've got gamers in the house and they've got some titles that are huge titles. and they're evolving and i think they're positioning themselves really well despite what happens with the delta variant. also a cheap stock, surprisingly activision blizzard trades at under the market multiple. the stock market trades right now at about 22x times next year's earnings and activision is at about 20 1/2 times a little bit cheaper than the overall market they've been growing their dividends by about 15% a year. and i think that's really key. as that company becomes more mature, they're going to pay out more in dividends. >> oits a great point. i'm glad you're emphasizing the factors you're looking for and the names we might not have been thinking about allen, great to have you thank you sir. >>> meantime let's turn our atte

activision shares have had a tough three months as they grapple with legal issues.ard pipeline. activision, blizzard, all the gaming stocks have performed so well they're clearly taking a pause, a bit of a reset here postpandemic or close to postpandemic does this make sense for you as a top pick going into 2022 >> well, it does make sense to me that people are wondering where are we with gaming you're coming sort of hopefully maybe out of the pandemic. you know, how much time are people going to have for gaming? i really think the demand is always there for gaming. so, i don't see that going away. i think the industry is reckoning with a couple things i think you're seeing some stuff about the culture of these game companies and they're going to have to spend more time on the workplace they're trying to create and i think the other thing to watch with the gaming companies is how productive were they during the pandemic. the gaming industry was one we wondered how well they would do during remote work a lot of collaboration, a lot of long hours in the office, can th

activision is the biggest of the greatest publishering in mobile. >> michael, great to see with you. a self-professioned man crush on tim seymour. i think that makes the end of the year real on "fast money." guy, where do you want to take this what i thought was interesting, aside from the man crush, the mobile gaming aspect that's not often something we talk about in the context of an activision or ea >> first, michael, take a number two, it's refreshing he's been pretty outspoken for years with netflix, and now he acknowledged that they surprised him. to a certain extend that is what we do as well. i'll stay with netflix, though in terms of the not going big into gaming, i think that's smart. they're dipping their together into something to see how it works out. reed hastings, to me, i've said it a hundred times, the most underrated ceo in the country. i think they report on october 19th i think they could surprise everybody. >> pete? >> i am no pro in that world at all, but i think ea and activision but i appreciate what michael was saying its about eyeballs, and you were asking t

developers, that's activision, ea, the maker of the madden franchise, and take2, the maker of grand theftxposure to china michael pacter says investors should buy the dip on the u.s. stocks that he forecasts will see double-digit revenue growth for at least the next decade as people game later into life and get more diz posable income. >> 40-year-olds play game, 6-year-olds play games the demographic is playing longer and longer. interestingly as they age, they have more disposable income. >> and here in the u.s., the average age of a gamer is 35 to 44 years old that's the range web bush says streaming games is the next big thing and those mega cap tech companies, talking amazon, google, they're all working on projects in that area melissa, back to you >> 35 to 44. i did not know that. that actually shocks me, frank thank you. guy, i feel like you have a comment about this in addition to an answer to the question >> well, i mean, listen, i know that we used to enjoy gaming before the show when we were at the nasdaq together. some your skills, people would be shocked to see your abilities

activision blizzard the bottom worst performer on the nasdaq down nearly about 3.5% at the moment.aking a play for british gambling firm, the u.s.-based sports betting giant confirming its made an offer to the parent of lab brooks which could reportedly be worth $20 billion, and the current u.s. online sports wagering partner mgm saying it gets to sign off on any deal if a deal is made. draft kings dropping 6% on the potential buy, and surging as much as 28% earlier it's up 27% at the moment, mgm down just a fraction. the biden administration putting out the welcome matt for fully vaccinated european travelers but has it given a booking boost yet to the hottest name in home shares? i'm asking airbnb ceo right after this break, closing bell we're about 31.5 minutes away the dow, s&p, and the nasdaq are all in the green here with the dow gaining about 100 points before we talk about tax-smart investing, what's new? -audrey's expecting... -twins! ♪♪ we'd be closer to the twins. change in plans. at fidelity, a change in plans is always part of the plan. that spin class was brutal. well

>> activision. >> left the surge? including the resurgence of socialism in america and "big brother" socialism a strong welfare state, which by the way had to say about you, it's for part of the discussion, you are not a socialist yourself. >> maybe i am. >> we are friends or socialists is that accurate? >> i made a new year's resolution this year on new year's eve to increase the operational trust and unity and love between liberals and socialists. i really do not see a contradiction. we could get into the theory but we probably shouldn't. [laughter] we could mention a lot of names and old 19th century theorists. basically, i think that when you see someone who agrees with you on a lot of things you could see it as an opportunity to get them to agree with you on more things. i think that is what i would say socialist predators say to liberals, everything that really has made life better for ordinary americans has come from these prophetic voices, right? who were laughed at, and said crazy things we should have a prog

meantime, the sec is said to be invested getting videogame company activision blizzard over its workplace practices according to the wall street journal. the report as the company in several senior executives have received subpoenas following a lawsuit from the california department of fair employment and housing alleging the company fostered a frat boy culture and discriminates against female employees. coming up, the streamers reigned supreme at the emmys. apple and netflix nabbing the biggest awards at television's biggest night. we will talk about it with the matthew ball. that is next. this is bloomberg. ♪ emily: the streaming industry was the real winner at the emmy awards. netflix nabbed 44 awards in total. matthew ball joins us now to discuss. what does that tell you? i'm sure it is not necessarily a surprise. matthew: it is not but it reflects the way things have changed. this is the first time since 2014 hbo did not take home one of the best top prizes. hbo itself did not have any of the nominees. it was hbo max that did. then of course we had netflix's first win, apple plus's f

activision blizzard, that two-day decline, taking stocks to the lowest level since june 2020. they disclosed a probe by the sec. you now have top executives departing. this company navigates some pretty difficult times in the gaming industry. i don't know if this is a case of by the depth. twitter, one of the best performers, up pretty significantly, the most since late july. it was not really translated into any other of the social media stocks. google. alphabet up just 0.2%. emily: thanks so much. google employees are pushing back on the search engine giant's handling of the russian election. employees have joined politicians and activists, blasting the company for pulling a voting app for russia's opposition leader. apple removed the app as well. mark, look, this app was created by allies of alexei navalny, critic of vladimir putin. have we seen something like this before? >> this is a unique circumstance. apple has been under fire, facing criticism for certain app removals in china. they have even shut down their own media stores in china. russia, this is a different situa

this is the biggest blow dealt to apple yet >> we are seeing spikes in electronic arts, activision and others apple, itself, it's a very small percentage of its revenue dependent on this particular mechanism in the app store apple has the iphone, the mac, the integration. le loyalty of the customers using those. they had ways that they could charge and collect the value outside of this one app store mechanism. you were talking about that, saying this had a big impact on some major players that did business on the app store even if it didn't have a huge impact based on its revenue and profit model. >> just want to point out some of these stocks on the move. spotify shares up over 2%. match group shares up 2.5% those are both companies that had their interest aligned with epic in this case. it is interesting to see how some of these other companies that have been paying that tax, if you will, that apple will be reacting to this news. >> let's not lose sight of the fact that we are days from another product launch joanna told us earlier maybe a little opacitiy in terms of what we'll hear

activision blizzard. kroger tracking for its worst day after reporting slipping gross margins.ort an earnings beat and raise its guidance other big grocers down, albertsons and prouts down dave and busters up to $54 partly why that stock is up 2.5% they say the company cash flow is good. and for move of the top calls of the day go to cnbc.com/pro >>> tomorrow marks the 20th anniversary of 9/11. after the break, we'll take you live to the memorial and then speak to the developer that bought the twin towers or leased it just weeks before they were destroyed. you have the best pizza in town and the worst wait times. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire in business, it's never just another day. it's the big sale, or the big presentation. matching your job description. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to prote

activision blizzard, the two day decline we have seen taking the stock to its lowest level since june 2020. the catalyst being they disclosed a probe by the sec into workplace practices compelling that. you have top executives departing from the company. a real ion this company as it navigates some difficult times in the gaming industry. interesting to see where investors went. i don't know if there were just some favorite picks but twitter, on tuesday up significantly. the most since late july. it was not translated to any other social media stocks. facebook up hey half of for percent. in market they gave up by the end of the session, you see a big tech doing well. emily: thanks so much. google employees are pushing back on the search engine giants handling of the russian election. boston company for lung the voting app for roaches of position leader. apple remove the app as well. both have been following the story. this app was created by allies of alexei navalny. opposition to president putin. have we seen something like this before from apple and google in particular or is this a

names they don't have that much exposure to china, activision and blizzard and maker of the "call ofse 7% of the revenues come from china, ea maker of madden nfl and take two two minimal exposure ea took a big dip yesterday because of rumors of a delay of the battlefield 2042 game until possible 2022, the release will happen in november in time for the christmas season the stock rallied after hours. they are recommending invest buy the latest dip on the stocks, fallen out of favor in the reopening trade, it will have low double-digit revenue growth over the next decade he forecast >> 40-year-olds play games, 6-year-olds play games the demographic is playing longer and longer, interestingly as they age, they have more disposable income so free to play really benefits look at a stock like playtica, social casino type games, average age is over 50 look at a game like candy crush, average age over 50, so those games really do well as you have an aging demographic >> streaming game something the next big thing, he says the biggest tech players have early lead with amazon, google and micro

keybanc adding electronic arts, as well is activision, to its favorites list, saying videogame stocksnder value. tom: right now, we have been doing this all morning, annmarie hordern brought up panda cam. we have some action that goes directly to our next guest because we've got the beast out moments ago, playing with a soccer ball. jonathan: trying to find the beast now. tom: no, the beast went off camera. . but he was there moments ago, playing with a soccer ball, desperate to help tottenham. jonathan: you want to link this to premier league football? tom: he could speed up the midfield. jonathan: i can't make this work, tom. jordan rochester joins us next, nomura g10 fx strategist. tom: he will be there. jonathan: he will be there for spurs this weekend? not sure what that has to do with pandas or anything. let's start with sterling. that has become really unpredictable, hard to trade. i know you are scratching your head. i read your note earlier this week. you have been really transparent, honest. you don't have a clue either. what are people saying to you? jordan: we've gone back

activision blizzard, down 16%. roughly 39% upside potential to average analyst target prices.t's lost a quarter of its value. and roughly 36% upside for fellow video game publisher take two interactive on a year to date basis it's interesting that both the video game publishers take-two is among the worst performers. look at the downgrade from bemo capital markets of some of the publishers like take-two interactive saying some of the factors like sentiment around publishing when it comes to video gaming in china as well as some of the esg-type elements, the types of content video game publishers put out could be head winds for the multiple going forward. so, julia, watch those names and, by the way, if you're looking for the other five, i've put them up on twitter back over to you >> we will check that out, dom thanks so much now let's turn to facebook internal documents coming to light earlier this week showing how toxic instagram is for teens, especially girls. now instagram's head facing backlash after comparing social media's value to that of cars. saying, quote, we know t

activision blizzard is being sued for allegedly fostering a frat boy culture which excludes female employeesred games is said to offer secret settlements with women and harassment claims. joining us now, girls who code founder reshma saujani. reshma, great to have you with us. i want to start with the partnership you have with riot and the work you are planning to do. what progress do you hope to make? reshma: we have a long-standing relationship with riot before this allegation of what is happening, and i have been saying for a very long time that so many cultures in tech are broken, and we have so much work to do. oftentimes the partnership we build a because of the female engineers who are in these spaces who say help us. the only way culture changes is if we infiltrate and if we have so many women there and we make up over 30% of the technology population, that is when you change. that is what we are trying to do. emily: do you think having more female developers in the gaming industry will help? reshma: absolutely. listen, i think having a seat around the table, able to have -- so many

let's go stock number one, activision blizzard the wall street journal reporting the s.e.c.s reportedly launching a wide ranging investigation into the company, including how the company handled allegations of misconduct in the work place and sexual discrimination. the stock is actually up up next, dr horton lowering its sales guidance, blaming a shortage of building supplies and workers which hurt its ability to, quote, meet strong home demand. this as lennar reported mixed results, the company saying it faced supply chain complaints. shares there down about over 3%. and stock number three, universal music. shares surging in their public market debut in europe it is the largest listing in europe of the year it is the company behind artists like lady gaga and taylor swift opened over $29 per share come down but still a 35%, perhaps a giant win. >>> still on deck. it is day two of our two-week special series go big or just go home our top stock pickers lay out their best plays for the rest of the year, just for you you'll hear what david katz likes headed into october but onl

activision blizzard, any news?compensate people who spoke up at the company about harassment and complaints of that sort, discrimination, the ceo said there is no place anywhere in our company for discrimination or unequal treatment of any kind. stuart: stock up a little bit in the down market. that makes it a movie. disney is down 2%. >> $3.69. price target cut from wells fargo, $13 to $203, citing subscriber resets, certain amount of reset, get through the pandemic as people get back, looking at these numbers, it is not terrible but a reset is likely. stuart: trying to figure out how mini streaming services we need. you don't stream? okay. it is a shocker. do you have a tv set? >> know. stuart: i am going to hang on. there are dow winners even though the dow is down 400 points. oil company, chevron, top of the list, s&p 500 winners, there have got to be some. and energy company, there has got to be some nasdaq winners even though it is down sharply, electronic arts, activision blizzard. all right, now this. here

activism blizzard's top lawyer has also stepped down and this morning, julia, it is if employs activision'sped down and this morning, julia, if not the biggest laggard on the ndx it is one of them >> yeah. that stock now down 2.5% it will be interesting to see what the next shoe to drop is in that investigation >>> mean term bernstein,with the long term. amazon, vase and dark horse netflix. cnbc.com, tech check is back in two. look, as cfo it's my job to be ready for whatever's next. that's why i have my finance team, randomly hurl things at me. it's also why we use workday. it gives us insights, so we quickly pivot our strategy, people, planning, you name it. sorry, sir. i will aim straight at your next step. see that you do. would you like some coffee? workday. the finance, hr, and planning system for a changing world. ♪ as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. t-mobile is the leader in 5g. we also believe in putting people first by treating them right. so we upped the benefits without upping th

moderna, marriott, activision all up 3 to 4% we'rba ia mee ckn mont isn't it a paradox?ve for this world that gets us out in it sometimes leaves behind the things that can harm it? but now, flight by flight, we can make a difference. because delta has committed to becoming the world's first carbon-neutral airline on a global basis. we believe you shouldn't have to choose between seeing the world, and saving it. ♪♪ (vo) unconventional thinking means we see things differently, so you can focus on what matters most. that's how we've become the leader in 5g. #1 in customer satisfaction. and a partner who includes 5g in every plan, so you get it all. this isn't just a walk up the stairs. when you have an irregular heartbeat, it's more. it's dignity. the freedom to go where you want, knowing your doctor can watch over your heart. ♪♪ >>> welcome back to "the exchange," everybody markets right now are close to session highs. dow is up 580 points we've seen bond yields moving higher today as well 1.7 gain for the dow nasdaq up 1.1% you heard dave rosenberg highlighting the move.

skeptical of it, versus how wall street has throughout about it early on this isn't competition for activision electronic arts these are just taking their ip and gamifying it mostly in the mobile world these are going to be limited fan kind of appreciation things that build loyalty more than they will be large revenue generators at least in the near to medium term. >> yes, certainly a lot of value in building those brands and that relationship. nat, thanks for joining us and don't forget, we'll hear from netflix today at code. >>> we want to check out shares of sony, with@an outperform, and a price rg itaets over 20% upside that stock, benefitting from that report, not benefitting from the report today, trading down 0.8%. we'll be right back. now we're in a new digital landscape of emerging channels, data-driven campaigns and measurable outcomes. welcome to now - the new open web. powered by people-based software from viant - a new standard in media. the upgrade marketers deserve. viant. built for now. ♪♪ >>> in case you missed it huawei's cfo has returned home after years of house arrest in c

. >> i really like activision blizzard, it had a short-term blip on the radar.and the stock is down over 20% from its highs, and i love the home builders right now, you had i believe it was lennar come out with disappointing results largely because of their outlook with slightly negative on supply chain concerns but supply chain concerns mean pent-up demand and home builders will benefit going forward especially today when new starts were surprised on the upside. charles: we saw pretty good permits but not single family houses that gets to that supply chain thing, i'm inclined to agree with you but i'm telling you i'm looking at the home builders and i wrote up lennar last night after they reported. they can just get supply at these levels profit margin should be pretty big. always appreciate you, thank you very much, appreciate it. so liz claman, 3:15 yesterday the market, the buyers appeared during your hours and they put una pretty good rally extended to today. do you think lightning will strike twice? liz: i don't know it feels like we have a stop and revers

sports betting books so we think that's also going to drive up engagement there we like a lot with activisionill be incredibly strong this fourth quarter because last year you couldn't get the new playstation 5. i got mine two to three maches after the holidays this year you have plenty to buy. have an engaged customer base. and the stock's got an incredibly low valuation relative to history compared to other names short in tech. >> dan, great to see you thank you for joining us. >> my pleasure. >>> we have got news on investor michael berry. kate rooney has that story hi, kate. >> michael tweeting out that his firm has been issued a subpoenaed by the s.e.c. over gamestop according to a tweet. he says we know who got an s.e.c. subpoena over gamestop. he says i know who he puts a screen shot of a letter from the s.e.c. dated september 21 we have reached out to gamestop, the s.e.c. and others. but the hedge fund manager famous for contrarian short positions highlighted in the book "the big short. he has been a gamestop investor and unclear on exactly the details of the subpoena and will let you

subpoenaed a activision and the ceo and asking for his communications and other senior executives regarding the complaints stock already under pressure today did tick down on the headlines. back to you all. >> let us know when you have comment from them. >>> dow is down about 900 points session low a few moments ago down 971 on the dow. worst day for the dow and the s&p 500 since last october let's bring in scott wren joining us on the phone. what are you telling the clients today? >> sara, i think that it is unfortunate when this all happens on the big dow days but basically you want clients to look at what's going on that is positive out there today is obviously very negative clearly we are making progress on the vaccine, the fed is easing and will be we have still got plenty of fiscal stimulus. growth still looks good. gdp growth here at home. we think inflation's going to decelerate those are some of the positives. the market is moving basically in one drirection for so long that you get a few of these triggers, the china scare, the evergrande scare was a trigger here and adding it to t

game delays weighing on the names and some bucking the trend today like activision settling for harassment and discrimination back to you all. >> josh, thank you for that run down let's get to bob pisani. bob? >> this is a lot, very tricky market energy we have been talking about. global demand for oil high and limited constrained supplies a great run in energy stocks names up 15% energy is 3% of the s&p 500. pile all you want into it. it won't move the index that much tech is 40%. and you can see they're still up today and a lot pushed to the limit as far as how far they can go banks similar situation. nice move up some up 10% or so as rates moved up but again a little bit overbought and stopped going up and most of the big names are down today industrials and materials with a slightly different problem hitting also supply chain issues and the slow down in china weighed on them. you see mixed overall today. consumer staples, different situation, too having supply chain issues and problems with raising prices an issue. most names down 5%, 6%, 7% on the month. i got a lot of people messagin

the nasdaq composite, electronic arts my producer tells me in my ear followed by analog devices, activision list. and they are up significantly. must be something going on. a pretty flat opening to the market this morning, down 31 points on the dow. on the 10 year treasury, it is one.35%. the price of gold is $1,797, bitcoin 46,$000 or coin. oil $68, $69 a barrel, gasoline priced at $3.18, average for regular. $4.40 for regular in california. mississippi the cheapest gas state of all, $2.79 is the average for regular there. we all witnessed this reaction from president biden when asked questions from the press, roll it. >> this last question i will take. i'm sorry, i will get in travel with staff if i don't do this the right way. go ahead. stuart: according to a new politico reports and staffers at the white house, they can't watch when biden talks. kayleigh mcenany worked in the trump white house. did she feel that anxiety about her boss? i will ask her. despite 10 million job openings, cnn claims americans are scrambling to get jobs. take a close look at the photo they used for the headli

is investigating activision blizzard over allegations of sexual misconduct and work place discriminationocuments, including personnel files, separation agreements and minutes from board meetings going back to 2019 it's looking into weather the company properly disclosed complaints and whether any kind of information should have been shared earlier with the investors. the company said it is cooperating with the investigation, stock up about 1.5% coin base said it will not offer a lending program that through threats of enforcement through regulators it would allow customers to earn interest by lending to other traders, but the s.e.c. said it could not offer that product without registering it as a security and following investor protector laws coin base said it is still seeking regulatory clarity but in the meantime will not offer the product. that stock up by about .3% let's check the overall markets and where they stand right now yesterday, huge down day for the markets but at the end of the trading day in the last 15 or 20 minutes you did see a rebound, stocks for the dow down by about