emily: i want to continue on that activision story.orkers at the company staging a walkout, pushing for the ceo to step down after multiple allegations. i want to bring in our tech reporter who has been closely following all of the developments. revelations from this wall street journal story are incredibly alarming. walk us through the new information and what bobby codec supposedly noon -- supposedly new. >> the report was explosive, a bombshell. it alleged that bobby knew about all sorts of things. that he was looped in on an email of a report of a rate of the -- an employee of sledgehammer. it detailed instances where he was looped in and essentially painted a picture of him as hands-on and in control of all communications and matters of the country. -- company. the wall street journal reporting he is a perpetrator of some of these instances, telling stories about him dealing with assistance in ways they found uncomfortable. one assistant said he left her a voicemail essentially threatening her life, which he and the company claime

he has been running activision since 1990.has made a lot, a lot, a lot of money for that board of directors and for shareholders. bumped up the stock through the roof. obviously, it lost some gains recently since the lawsuit this summer. seems like the board wants to keep him going. today when i saw the wall street journal story, i thought he would be gone by the end of the day. i was surprised to see the board standing by him. feels like he has lost the faith of his employees. right now as we speak, about 150 people are marching, protesting in irvine, california, where where blizzard's offices are. blizzard is a subsidiary of activision. they are calling for his immediate ouster. even more people are protesting virtually as part of this walkout. so it feels like he has lost the confidence of his staff. i am pretty surprised the board is standing by him. emily: jason schreier, thank you so much for your reporting on the story. we will continue to follow how this plays out. definitely very shocking revelations in that wall stre

coming, we will follow up with activision. investors are weighing in on whether the ceo should step down and how they can make the gaming industry as a whole more inclusive. this is bloomberg. ♪ caroline: some are calling for the resignation of the activision ceo after allegations he was aware of the sexual misconduct at the company years before a lawsuit made a public this summer. now, employees and some shareholders are asking for his resignation while other naming companies are distancing themselves. our guest is going to dissect this with us. i'm fascinated as a female who has worked in this industry for so long how surprised or perhaps disheartened how long it has taken for some accountability to be asked from the ceo. >> completely unsurprised unfortunately. this has been a systemic problem in gaming for as long as i have been in it, 20 years. what i am encouraged to see is the growing chorus of voices who are demanding more than just saying i will take a pay cut and we have zero tolerance than employees not seeing any d

a lot of salad, guys >>> activision continuing to face heat after reports that ceo bobby cotek knew aboutsconduct at the years an didn't inform the board and now new pressure is building josh >> so it is another tough headline for activision. reports suggesting that the company is now facing more criticism with playstation boss apparently taking activision blizzard to task for its response to allegations that the ceo was aware of sexual misconduct claims at his company for years. in an email to employees, ryan reportedly saying that he was stunned that activation had not done enough to address the culture of discrimination and harassment activision blizzard saying that we respect all feedback from our valued partners and are engaging with them further. we won't stop until we have the best workplace for our team. analysts are reacting to the news jpmorgan cutting act it i vision to neutral saying recent headlines produce a significant amount of uncertainty. that stock down more than 30% this year. web bush says yes perhaps he didn't take public action fast enough, but that he is fixing the

activision's ceo after allegations he was aware of sexual harassment claims at his company for yearsid not inform the board. some shareholders are asking for his resignation. this following a walkout by activision employees who want the ceo and other executives to step down. other gaming companies are also weighing in, with the playstation chief telling his employees that he and his leadership expressed their deep concern to activation and that they do not believe their statements in response properly address the situation. meantime, cryptocurrency exchange is being scrutinized by the sec. the platform is popular for paying its customers high interest rates for lending out tokens with annual yields that can go as high as 9.5%. the sec now reviewing whether blockfi accounts count as securities that should be registered with the regulator. and lebron james and his teammate are getting a new name for their home court, now known as the staples center. next month, crypto.com will replace the office supply chain. the arena will unveil its new name on christmas day during a lakers game. the

in a statement to cnbc, an activision spokesperson said -- >> let's bring in "the wall street journalat report thank you. do you have a response to activision's statement that's calling your report inaccurate and misleading >> i would just point out that they're not challenging any facts in the story >> they were not specific on any counts >> no, not on any countis. as you can imagine, we give companies very ample time to comment. >> this isn't activision blizzard's only scandal. i mean, there's the securities and exchange commission into company misconduct and the california department of housing lawsuit. >> before we started looking into this, this is a company facing a massive culture crisis. three different regulatory probes, including the s.e.c., as you pointed out. so what we really wanted to do here was understand his involvement in all of this, and what he had known over the years. that led up to this crisis that they're now facing >> so much pressure on kotick to step down. from all i've seen, he's been straight up defiant, no? >> i mean, he's in a tough position at this poin

activision blizzard is down and more of tech'sigst bge movers and opportunities ahead. "techcheck" is back in just two minutes. you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. ♪ feel stuck with credit card debt? ♪ move your high-interest debt to a sofi personal loan. earn $10 just for viewing your rate — and get your money right. ♪ you're a one-man stitchwork master. but your staffing plan needs to go up a size. 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 moving is a handful. matching your job description. no kidding! fortunately, xfinity makes moving easy. easy? -easy? swit

josh, what's going on with activision blizzard?e reports that microsoft head of xbox said he is evaluating the relationship with activision blizzard and making ongoing proactive judgments and disturbed, troubled by the events and actions at activision blizzard, report that is the ceo knew of sexual harassment at years and they said of the misleading, inaccurate but the news following the reports that playstation's chief also in a letter to his employees expressed the same disappointment big, important platforms weighing in here we know that activision's board has backed bobby kotick today. it's down the worst of the big publishers back to you. >> thank you we continue to watch that. >>> all right. straight ahead, sweet greens are made of these. we'll discuss the blockbuster ipo for the salad chain tacking you inside the market zone morgan stanley's investment mrgt r urchir shar ma ihe ybe salad is the key we'll f we'll find out after this. but all of the time. charles schwab is proud to support the independent financial advisors wh

josh lipton has a news alert on activision blizzard. >> we should the news on activision and "the wall street journal" dropped that big report this morning that ceo bobby kotick knew for years about the sexual misconduct allegations for years and the journal did not inform the board the company telling us we are disappointed in "the wall street journal's" report. instances of sexual misconduct that were brought to his attention were acted upon and we've made significant improvements including a where are-tolerance policy for inappropriate conduct and that stock is down 30% this year and the worst of the three big publishers, scott, back to you >> josh lipton, thank you for that update there. let's talk about the call today that you need to know about. i want to focus on a software call and credit suisse has neighb initiated on stocks. it is the snowflake that i wanted to focus on with you. you've been mentioning it almost every week as a sign of stocks where money has gone into and the stocks have taken off and this is one of them. up another 2% today and 20-some odd dollar away from t

the ceo of activision has reportedly told senior managers he would consider leaving if he was unablekly fix a culture problems of the company. he left open the possibility of stepping down. activision blizzard is facing lawsuits over claims that it's frat house culture makes it a toxic place for women to work. francine: laura wright in london. we are getting a lot more out of germany. we now see some building of the government. we will break that down for you and we will also tell you what that means going forward. this is bloomberg. ♪. ♪ >> who was going to be the chair of the fed? >> between governor brainard and chairman powell? >> not a lot of daylight. >> fed wanted terry policy is still extremely loose. >> inflation is definitely running hot. >> whoever comes in will have to tighten it. >> the reshaping of the fed. >> governor brainard. >> chair powell. >> whoever is in the spot has a hard job ahead of them. francine: q voices discussing the fed leadership. we are expecting a decision from the president on the chair this week. we are 50 minutes into the trading day. equities su

. >>> activision under pressure. an article claim that is the ceo knew about sexual misconduct allegations at the company for years. we'll speak with a reporter who broke that story, next you are watching "closing bell" on cnbc. with xfinity home, you can keep your home and everything in it more protected. i can wrangle all my deliveries. thanks, hoss! and i help walk the dog from wherever. *door unlocks* ♪ ♪ well, i can bust curfew-breakers in an instant. well, you all have xfinity home, with cameras to home security monitored by the pros. *laughs* learn more about home security or get our self-monitored solution starting at just $10 per month. >>> welcome back activision blizzard shares are falling this afternoon down 6% right now. the company under fire over alleged sexual assault and mistreatment of female employees. now "wall street journal" reporting today that long-time ceo knew for years about these sexual misconduct allegations. ing aty vision blizzard responding to the story with a statement saying in part

not a good day for activision. i want to get to lyft and uber.coming out, a very upbeat forecast. a 73% year-over-year jump in revenue. 51% increase in riders. the cherry on top. saying they can turn a profit by the end of the rear -- end of the year. even before taking out taxes. this is good news for lyft. an 8% gain and taking with it its competitor, uber. emily: thanks for that. let's talk to the man himself. an impressive showing from lyft. clear that ridesharing is recovering after the pandemic moves slowly into the rearview mirror and life returns to some semblance of normal. i'm joined by the president and cofounder of lyft. let's start with rider demand. obviously, people are riding again. what are the more specific trends you are seeing? >> we had million more riders this quarter than the previous quarter. that is great to see. 70% revenue growth year-over-year. at airports specifically, we sell triple the volume than what we saw a year ago. things are coming back. they're not all the way back there are markets like san francisco where

coming up, activision blizzard employees taking a stand, staging a walkout. this

they're benefitting from rising demand, and it's game off for activision blizzard after delay in the -- it's down another 14% today down about 28% so far for the year and zillow is down after saying it's exiting the so-called eye buyer or home flipping business. lower than expected revenue for the latest quarter shares are down another 18%. the algorithm, zillow, is not working. >> and hey, rick >> you know, the ism service number is probably the preferred measurement for services this is a sem nigh rocket ship 66.7 our october read it really dwarves expectations of 62 and surges past 61.9 we know rising labor costs and head winds have been a big issue. and some of the buying and selling positions and treasury yields, they might be about over now that the fed meeting is hours away if you take out transportation, it improves we half a percent. these are solid numbers. when we look at our september final read on durable good orders, a bit of a disappointment minus four-tenths of 1% is the midmonth. for it's about as expected so, that comes down three-tenths and it improved a lot, up to

stuart: activision blizzard someone leaving the company?ons and sexual miss conduct allegations and didn't tell the board. equal pay violations. disaster for the company. hurting share price. "the wall street journal" is telling something, ceo bobby kotick said he would consider leaving if he can't fix the problems. okay, i will consider if i can't fix it. doesn't like the ceo of 30 years is going away anytime soon. i could be wrong. stock is down five days in a row. stuart: huge player in electronic games. it is down 2 1/2%. that is quite, 2.2%. big drop there. lauren: down for five days. stuart: more to the point. dr. fauci says health officials may need to change the definition of fully vaccinated to include booster shots. what does that mean going forward? shots every year for everybody? we've got the story. remember when beto o'rourke vowed to take away your guns? roll tape. >> hell yes, we're going to take your ar-15, ak-47. will noll be allowed it to be used against fellow americans anymore. [cheering] stuart: he is from texas. he is

i can't believe activision has grown to almost $50 billion. we watched that get assembled piece by piece. >> it's down about 16% over the last couple of weeks. >> i thought sure the monster deal would have been a -- i wondered calling it a merger instead of an acquisition. similar market cap to constellation. that's amazing i don't think i ever had one. >> i haven't. >> do you drink those? >> there's a lot of calories in this one. >> we used to talk about this company as a company taken over by coca-cola back in the day. >> it should have. >> this company constantly -- >> probably should have, i guess. coming up the economic and political costs of president biden's build back better bill spending plan. first as we head to break, check out this morning's view of the capital -- no check out the biggest premarket movers, the gainers. all up 1.5, 2% stay tuned you're watching skb live from the nasdaq market site in times square. small businesses like yours make gift-giving possible. now, comcast business has an exclusive gift for you. introducing

activision blizzard ceo bobby code-6 -- code-6 --koic has left with the possibility of stepping down. activision blizzard is facing allegations that its frat house culture makes it a toxic place for women to work. coming up, japan's guest expect you to -- expected stimulus package. this is bloomberg. this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of unlimited possibilities. vonnie: the federal reserve looks on course to consider a rapid drawdown of its bond buying program. several policymakers signaled the topic might be on the table when the fomc meets. the plan announced earlier this month slows qe at a pace to finish by mid 2022. >> the rapid improvement in the labor market and deteriorating inflation data have pus

. >>> after the bombshell report, new calls for the ceo of a activision blizzard to resign. >>> the grossargin miss -- >> i'm frantically trying to get a better read on gross margin. that's what caused walmart stock to go down to 143. people do not want to hear that you ate anything they want everything eaten by the customer home depot is able to do it. remember the customer at home depot is the pro the propasses it on to you with relative ease. lowe's i tcontinue he's been at it for a long time it shows that lowe's was dramatically undermanaged. there's so much room that it's the anomaly. >> you have to go back a wait for those. >> why don't they pat marvin ellison on the back? i had a talk with marvin where he talked about with george floyd at the stores, not with esg, but managing a workforce so everybody feels equal. managing in a way that is, david, i would say empathetic and empowering that's what we should be talking about. not whether they're carbon neutral in 2075. >> well, something else we have also been talking about the power of the largest of the large retailers have in term

activision blizzard ceo has told senior managers he would consider leaving if he has unable to fix -- to fix the company's culture problems. he left open the possibility of stepping down. activision blizzard is facing lawsuits and investigations over claims its frat house culture makes it a toxic place for women to vote. dashed for women to work. -- for women to work. aramco is in line for producing a 20% stake in reliance chemical cells. aramco says it will keep looking for potential -- following moore delivery delays are the softbank fact -- softbank bank -- deliveries have been delayed from their october targets. test rides are only open to those who have purchased or reserved the s1 and s1 pro scooters. that is your latest headline. rishaad: having a look at changes to the hang seng index. china resources. jd.com also getting a boost. about 2%. to start tracking industry giants. could shift liquidity away. one of them, getting an asset-backed security plan approved here. let's have a look at some of these technology companies in the fray because we mentioned jd. alibaba and tencen

activision says the report presents an inaccurate view. hong kong disneyland will be close to ensure staff members can lead covid toes. visitors and staff at the park between 11:00 a.m. and 6:00 p.m. on sunday are required to undergo testing by thursday. pfizer has asked regulators for emergency authorization of its covid-19 pill, the drug cuts hospitalizations in high-risk patients by 89% and can be prescribed for home use. pfizer says it has reached a licensing agreement with a u.n. backed group which will allow generic cheap versions of the bill. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. shery? shery: still ahead, we speak to a founder about predictions for commerce, climate and the world order. we are live at the bloomberg economy form. up next, we are joined by the ceo of supply chain payments platform trade shift for his view on the global supply chain outlook. this is bloomberg. ♪ haidi: we contin

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take a look at activision blizzard tumbling.re facing lawsuit over sex discrimination and harassment. now delaying two of its most anticipated games and giving a fourth-quarter forecast that fell short of expectations. shares now down more than 10% after hours. this is bloomberg. ♪ >> after feeling only moderate effects from the global chip shortage and staying above the fray, the chip shortage is now pressed hard into apple. 9ydurinr earningson cook said had it not been for the global chip shortage, apple would've generated a whopping additional $6 billion in revenue. that's an additional half of income it gets from the macro ipad. the issues come for a ceo in a company that has touted itself as a group of supply chain services. in their defense, apple says there is not any fundamental flaw in the supply chain strategy and it's doing everything it can in its power to mitigate the problem. still, it has not been good enough. apple's online store and retail stores are dried up of new iphones, ipads, macbook roads, apple watches a

check out some of these shares this afternoon activision, and we continue to follow zillow which hast in. but i will let zil low shake out a little bit >> around the horn tim? >> i like vegas sands here >> karen >> if the market trades down, i think big cap phrma will do well >> b.k., brian kelly >> i am going to roll the dice tlt, you can do it ahead, assuming the rates go lower. >> i liked lyft >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere. i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. i am trying to make you money. my job is to entertain you and educate and teach you. call me. on the eve of tomorrow's federal reserv

. ♪ caroline: the activision blizzard seo is not real you'll the possibility for his resignation if heunable to fix problems. an article last week noticed he was aware of harassment. his resignation -- calls for his resignation have been piling on. el salvador intends to issue the worlds first sovereign bitcoin bond and build a bitcoin city powered by volcano. can't make it up. we will be live from the latin american country next task, why 6.5% on that coupon? should they be paying more? this is bloomberg. ♪ >> this is a good team at the fed. >> this is sort of the dream team. >> i think this is a don't rock the boat move. >> this is the central case the markets expected here >> to not reappoint powell would have been quite negative for the markets. >> it is going to give the market more confident to move ahead with the prizing of rate hikes next year. >> we still have the fed on wait and see. >> they stick with the current pace and then hike once you get to the end of that. >> we are at the point in the economy where stability is really important. >> total continuity. >> continuity is

and then microsoft xbox is casting doubts about it's partnership with activision.he california department of fair employment and housing filed a lawsuit in july over those issues. meantime, san francisco-based william sonoma warning customers its shelves could be bare this holiday season. the company owns pottery barn and west elm, too. the port of long beach open 24 hours a day, but whole nights can go by without a single truck arriving. trucking companies say there's a short of truckers. >> it's not the money that's the problem. that's not what is challenging. it's a generational and cultural divide. >> he will be one of my guests here on sunday, 9:00 a.m. sundays right after "meet the press." >> thanks, scott. can't wait to see it. >>> the white house tradition returns. two lucky birds cannot be more grateful this morning. these are the two turkeys being bidened by president biden. their names are peanut butter and jelly. these two turkeys were raised on a farm in indiana, and following their pardon they will live out the rest of their lives at purdue university

down its home buying business we'll discuss with the ceo barton in just a few moments time. >>> activisionnumbers. >> reporting q3 results, 72 cents versus expectation 70 cents. q4 guidance 1.29 versus expectations of 1.39 and guidance 2.78 billion versus 2.93 billion the ceo saying he is pleased to report strong results ahead. we are excited about this week's call of duty launch and expect continued success in the fourth quarter. the stock down about 20% year to date 25% off the february high and higher here initially. back to you. >> thank you so much up 3%. caesar's is out. >> $1.3 billion than the comp rabl period previous year and the gaming industry ebitda is the problem here $882 million versus the consensus of 937 truly dragged down by a loss in digital of $164 million. we've heard the ceo say they're going full force on digital, on sports betting, i gaming we expect to hear more about the marketing spend and why the loss is happening you can see the stock is off by more than 5% at this point >> contessa, thank you very much and another afterhours mover which is bed bath & beyond a

. ♪ caroline: activision-blizzard ceo is not ruling out the possibility for his resignation.s comes after a wall street journal article last week mentioned he was aware of allegations of sexual harassment and assault against employees and did not report them to the board of directors. resignations have been piling on. el salvador intends to issue the world's first sovereign bitcoin bond and bill lee bitcoin city powered by a nearby volcano. we will be live from the latin american country, next to ask why 6.5% on that coupon? this is bloomberg. ♪ moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. >> this is a good team at the fed. >> this is the dream team. >> this is a don't rock the bow to move. >> the

of no confidence in their ceo and now microsoft xbox is casting doubt about their business with activision other news, san francisco-based williams sonoma says it's dealing with record back orders. the shortages, of course, due to the supply chain kinks. the port of long beach now open 24 hours a day but the port says whole nights can go by without a single truck arriving. the trucking company officials say there's a shortage of truckers, despite they are paying 22% more since the start of the pandemic. >> it's not the money that is the problem. that's not what is challenging. it's a generational and cultural divide where they say it's a low education career, and that's not the case. >> he will be one of my guests this weekend talking about the supply chain. you can find "press:here," right after "meet the press." i do have the number to that truck driving school, marcus. >> got to get a handle, buddy? >> yeah, that's right. you know what snoopy's handle was? blue dice. i don't know why i can remember that. back in the '70s, cbs were popular. >> big smooth signing out. >> little g here. >>

in terms of earnings, t-mobile, lyft, chesapeake energy, activision/blizzard all coming up tomorrow.porate earnings playing second fiddle tomorrow. alix: those earnings coming out today. tomorrow is the fed. it gets confusing. the fed will be tomorrow. u.s. factory orders and durable goods coming up. then a huge slew of earnings still to come. you have cbs, you have marriott, also bmw -- bmw should be quite interesting, particular what they say about ev's. guy: and what they say about chips will be in focus as well. we will hear a lot about the supply chain over the next 24 hours from any of these firms. one of the firms we will be talking to tomorrow is long delays -- mondelez. we'll hear from the company ceo. he'll be joining us, hopefully with his fantastic art in the background. alix: yup a special balance of power looking forward to the elections in virginia and new jersey. guests include former new york congressman joe crowley. guy and i will be heading to radio at 1:00. do not miss that. this is bloomberg. ♪ david: from bloomberg world headquarters in new york to our televisio

activision blizzard down by 15%.hey are delaying the release of two of their games and got some downgrades today. on the flipside, bed, bath & beyond, really strong numbers, and keep in mind, a lot of short interest in this stock. in terms of the yield, we are seeing some pressure along the curve or you may be not so much of the backend, but that is as the eyes them services came in superstrong, now you have yields up by about three basis points again into the fed meeting. interestingly, because the refunding announcement from the treasury saw a pullback in the amount of issuance that treasury is going to be doing in terms of the bond market, so even more impressive that we are seeing some selling. wti now off by 3%, despite the fact that storage for gasoline and jet fuel inventories, etc., they are really tight now in the u.s.. everyone says supply is tight. joe biden most definitely says that. yet we are trading a little heavy on the day. guy: i think it is going to be interesting. jet fuel story quite a big draw a

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i want to talk about activision, this will be a major story, having its worst day, 14% loss.ll the way going back since 2008. this after two of its highly anticipated games were delayed, and on top of that, missing their earnings estimates. and a triple whammy, getting downgrades from several of wall street's ranks. not a good day for act revision. i want to get to uber. lyft coming with an very at eight forecast, 73 percent year-over-year jump in revenue, 15% increase in riders. and the cherry on top, they think they can turn a profit at the end of the year, or for the full year, even before taking out taxes, etcetera. this is really good news for lyft. you can see an 8% gain intraday and taking with it its competitor uber, of course. emily: kriti gupta, thanks for that. now let's talk to the man himself, and impressive showing from lyft. clear that ridesharing is recovering after the pandemic moves slowly into the rearview mirror and life returns to some semblance of normal. i'm joined by the president and cofounder of lyft. john zimmer. let's start with rider demand. obvio

he has been a leader at activision for three decades.e stopped short of saying he would step down in this meeting that was apparently held on friday with executives. leaving the door open if the conduct issues were not fixed with speed. he has been facing criticism from employees, the investing community and business partners over how he handled the allegations of sexual misconduct and some have called for his resignation. we will get you more details on that story as they get to us. a lot more to come here on daybreak: australia. this is bloomberg. ♪ >> here is a quick check of the latest headlines. kkr has offered to buy telecom italia for about $12 billion in what would've been the largest telecom purchasers ever. kkr's preliminary cash offer is 46% premium to friday's close however, we are told telecom italia's largest shareholder is likely to oppose the offer which saudi aramco says it will continue to look for investment opportunities in india. that comes just days after reliance scrapped plans for a sale to the saudi giant. for a

. >> activision's embattled ceo is weighing an exit reportedly. to "the washington journal" he told senior managers he would consider leaving if he can't fix the issues plaguing the video game giant he stopped short of saying he would step down but left the possibility open if misconduct issues across the company weren't fixed with speed he has faced calls to resign over how he and the company have handled problems, including allegations of sexual misconduct >>> health officials are urging caution headed into the thanksgiving holiday amid a rise in the number of covid cases nationally the seven day average for new cases is under 95,000, a roughly 22% increase from two weeks before that's better than a year ago when the u.s. was reporting 160,000 new daily cases. officials say areas in the midwest, new england, and southwest in particular are dealing with surges. amid those upticks disney world is halting its vaccine mandates for employees. it comes after governor desantis signed a bill requiring businesses from vaccine mandates the company telling

them amazon exact and taking a firm and there so anyone can buy a sensible three or four pair shoe activision-- acquisition. lisa: this tells you more about tom keene. going to saks with avenue is a high-class issue. people go there if they want to spend more money than somebody who shops and some of the other retailers. i wonder, to tom's point, the bifurcated recovery, whether the spending is a bifurcated spending of the bigger ticket items and the have-nots still restricting some of their purchases. steve: i am not sure i agree with tom. i think the consumers is healthy across the high-end. clearly the luxury environment, you look at growth versus two years ago in the luxury sector. luxury, very strong. if i look at the dollar stores and the recovery and some of the tj axis of the world. even the strength you see in the targets, the consumer at the lower end has some of it because of the government support programs, the labor market being strong, wages going up. consumer spending at all levels. tom: steve sayed of, only saks could come up with the central park theme for their shoe store. s

activision, blizzard lyft, zero group, amgen.a very busy evening all-time highs are on the dow, the s&p, and the dow and the russ will 2000 all at all-time highs today. let's get to the half and the judge. >> welcome to the halftime report i'm scott wapner the state of stocks and the state of your money as stocks hit record highs yet again the fed begins its most pivotal meetings in years, perhaps will these next two days end or extend the rally we'll debate that with the investment committee joining me for the hour today, stephanie link, jason snooip, jim linen that will, and took the words right out of my mouth. first all-time high for the russell since march 15th and first all-time high for the dow transports since may 10th. beginning 153 is the-year-old on

activision, blizzard lyft, zero group, amgen. it will be a very busy evening all-time highs are on the dow, the s&p, and the dow and the russ will 2000 all at all-time highs today. let's get to the half and the judge. >> welcome to the halftime report i'm scott wapner the state of stocks and the state of your money as stocks hit record highs yet again the fed begins its most pivotal meetings in years, perhaps will these next two days end or extend the rally we'll debate that with the investment committee joining me for the hour today, stephanie link, jason snooip, jim linen that will, and took the words right out of my mouth. first all-time high for the russell since march 15th and first all-time high for the dow transports since may 10th. beginning 153 is the-year-old on the ten-year and we'll get to everything that is at stake. first, go to in all in, jim lebenthal because he's not all in, i guess, because he's trimming stocks and notable ones in his book today including microsoft and alphabet and tractor supply you're adding t

. >> you know, activision reports after the bell and it's not a name that i own but this is a secularhat's understood is the workplace culture lawsuit, there's no blood in the firm but i think there's potential guide lower for the fourth quarter that could be the entry point, i think compliance costs will go up, i'll be looking at this over the next several days. charles: what are you worried about, david? it feels like we know all of the things that are hovering, so yet the dark clouds but we know them all and it always feels like when wall street knows what the concerns are, it sort of whistles past the graveyard. is there anything we're missing? >> for me the two biggest items are really political and geo political. right now, i guess what i look at is the good news is that some of the destructive legislation isn't going to make its way to the president's desk and the part of it that does is likely to be paired back. the questions i ask myself each and every day, how high does oil have to go before we see demand destruction, and is industry going to be successful in bringing back s

activision blizzard report is falling.n says they're disappointed in "the journal's" report and they won't stop it is their worst month in three years, down 26% california regulators filed a gender bias lawsuit in july. peloton was the mystery chart we showed you earlier shares rebounding from the lowest level in 17 months after the company raised just over a billion dollars by selling around 24 million shares at a discounted price of $46 today. we should note less than two weeks ago peloton cfo was asked about the company's cash levels and said they didn't see the need for additional capital raised based on the current outlook. shares are down 69% from the all-time high in january and down 43% in november, although they are rebounding, 11% today hanging on around $53 a share. over to rahel solomon for an update >>> hi, kelly. here is what is happening at this hour. autopsy photos of ahmaud arbery have been shown to jurors at the murder trial of the three white men accused of killing him the medical examiner said he was sh

the dollar tree management should have been given a little bit of chance they've not even -- >> activisionlizzard is going up in the event by an blizzard. >> they did announce a workplace responsibility committee that will oversee -- >> wait a second, what is that the soviet-style -- >> i'm so against harassment. >> and don we know well from spotify. >> conde nast. >> probably -- >> they have come out -- have they come out strongly is it a strong commitment to antiharassment >> it's clear that the current circumstances demand increased board engagement >> the issue had been that maybe the board -- >> they go on to say that this has been a challenging time across the company, but the board is confident in the actions under way. the board is showing they're stepping up a little bit they seemed so willing to just rubber stamp what was mr. kotick was doing. they can hire outside i want counsel if they choose to do so. they haven't done it, jim. >> they call you in and they say, you know what, bobby -- and i like bobby he's been on the show. he's fabulous. bobby, maybe you ought to hire your ou

. >> we've been watching activision yesterday with microsoft and xbox saying -- sort of questioning theationship there, at least saying, whoa, we're not particularly happy with what happened there. >> wow >> sonny the day before that, i guess examines their ties, 10% of employees asking for bobby kotick's resignation, sake we think investors should expect a ceo change interesting that the board immediately came to kotick's defense, and it does beg the question if he's able to maintain here. the board seemed to aligned with their ceo. would love to hear from kotick have known him for a long time would love to see more sense but right now, they're not communicating. >> by the way, we can't go much longer without mentioning jpmorgan. >> what as austria done? i look at the situation with jpmorgan and thinking it's a buying opportunity >> though we mentioned during the break the german foreign minister essentially rules out a national lockdown of their own we did see at least futures come back a bit on that news. nasdaq a record high as well, microsoft once again is on a tear yields come dow

. >> before we head to a break, take a look at shares of acti activision blizzard and this was a stockit's down another 3% down almost $20 in a short amount of time the walt journal saying the ceo would consider stepping down if he can't fix the company's culture. we've got a downgrade to a sell at mkm partners. the analysts saying we do not believe these problems are going to go away until a clear resolution is reached starting with the removal of ceo bobbie codic and from what they've read in press reports and social media, employee morale is low which could impact game development and the quality of business partnerships. interesting we've noted jim and i both that the board is seemingly taking a back seat in this product to mr. codic who did create what analyst does call the house that bobbie built. we'll be right back. wondering what actually goes into your multi-vitamin. at new chapter. its innovation organic ingredients and fermentation. fermentation? yes, formulated to help your body really truly absorb the natural goodness. new chapter. wellness well done. i'm searching for in

plus, growing calls for the activision ceo to step down.

. >> here's a story we were following last week, activision.nd coo are on a road show talking up the company on zoom it's a zoom road show. meeting with investors, getting sponsored to talk and apparently they're talking about making a lot of progress and they're blaming "the wall street journal" for their troubles. because "the wall street journal" -- >> one of the greatest, we no longer tolerate sexual harassment oh, i didn't know there was a toleration for it. >> you would think they would at least have a senior female executive on the -- >> they used to. >> that story came and went. we'll see if -- >> that road show is having the intended effect there. >> that stock -- that's not good >> my wife is not playing candy crush. >> that's suboptimal. >> my wife is not -- i told her, listen to this scandal and she says, i still love candy crush before bed candy crush versus me. passed over that one quickly. >> i did i'm going to move on to disney do you have it in for me today when i hold it up to your head, i get a -- sorry >> where's that spac m

activision blizzard down over 2%. >> thank you travel stocks are hit hard right now on the omicron fears seema mody with a look at the biggest movers. >> it is too early to understand the impact on travel hotel occupancy around 61% recent weeks experts are leaning on past trends with alpha and the impact immediate. with delta vaccinations were available so the impact was less severe by september demand started to climb back up and most recently nearing 2019 levels. the outlook for business travel is in question the most important question of hotel operators with over 30% of the portfolio in urban markets for corporate travel and the expectation is a rebound in early january. two data points to watch to get a better sense of how consumers respond, tsa check-ins tomorrow and then weekly hotel occupancy thursday at 1:00 p.m >> thank you so much for that. office demand had been improving this year and office reits are selling off. diana has a look at the sector. >> call it the best of the worst. real estate is down a little bit but as we know all real estate is not equal office reits feeling