tom: adam parker, thank you very much.is important, as you go down the income statement, that that many people are at gross margin and maybe that is how you rationalize the big tech companies. lisa: they are cash machines, the idea the margins have held up. at the point of margin retraction everyone was talking about, as prices go up, people will pull up and shot less. it was a survey released by deloitte today, and the response to higher prices is spending more for holiday budgets. that is the response to the survey. more than one third of holiday shoppers plan on spending more than they anticipated in september. 41% said the reason was because of higher prices. higher prices means spend more, not pull back on what you by here that is significant. tom: and we do further research on this with the line. we did research and deloitte is head on. kailey: i have not even started my shopping at. people still have the ability to spend more because you have seen a lot of excess filled up over the course of the pandemic. many econo

that's adam parker all right. up next, we got tesla hitting a record high again. we've got pete making some moves in some megacap tech you need to hear about those steve weiss is adding to a name in his book. we'll do all that when we come back wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq ♪ ♪ remember when no dream was too big? ♪ ♪ and you could fearlessly face the unknown. (kids playing) you still can. ♪ ♪ (blowing dust) when you have a rock you can depend on for life, you'll be unstoppable. that's why over 5,500 companies rely on prudential's retirement and workplace benefits. who's your rock? >>> welcome back, everybody. i'm sue herera here's your cnbc news update supreme court justices appear to be leaning in favor of a challenge to texas' near total ban on abortions conservative justices, amy coney barrett and brett kavan

joining us this morning, capital management founder and cio adam parker congratulations on the gig goodu again. >> great to see you. >> oii would love to talk about this basket which folds in both bitcoin and ether and see it as speculation or inflation hedge, but what's your overall framework? >> i used to be a semiconductor analyst years ago and i tell people i didn't know what 10-year yield was, i didn't know if it was three, four, five, just focused on gross margins above consensus or not, right. obviously years later anybody who is a tech analyst or semiconductor analyst knows what interest rates are and sensitivity. my job for big institutional investors w he try to think through what risks could be out there and managed and when we look at crypto, now cnbc you get the update on the performance as often as the s&p 500 performance, we wanted to see whether that's a risk that equity investors should be monitoring so it turns out that it's pretty hard to replicate equities but seems lately to be correlated to inflation basket we have and also a sort of speculation basket and so i thi

. >> adam parker, thank you. >> good to see you. >>> when we come back, wfells fargo says there's a bright for a tech company and rivian shares slide as ford will not develop an ev with the company. we'll look at disruption in the ev market. we have ouabt 17 minutes left of trading. i know when i'm ready to run. what's strong with me? i can find strength in a rest day. what's strong with me? there are some nights i sleep so well... i'm ready for anything. find out what's strong with you with daily readiness on fitbit. small businesses like yours make gift-giving possible. now, comcast business has an exclusive gift for you. introducing the gift of savings sale. for a limited time, ask how to get a great deal for your business. and get up to a $500 prepaid card with select bundles when you switch to the network that can deliver gig speeds to the most businesses. or get started with internet and voice for $64.99 per month with a 2-year price guarantee. give your business the gift of savings today. comcast business. powering possibilities. power e*trade gives you an award-winning mobile app w

with exclusive interviews and in depth reports, the professors are saying the president is adam, will actually parker that. he's hurting their interests and that's why they remain on the streets. al jazeera has teams on the ground, they are demanding an immediate restoration off the civilian government to bring you more award winning document trees and live news lou.