i'm carl quintanilla in new york deirdre bosa in san francisco, jon fortt is in washington today.pter and metaverse, a break down of by roblox stock is up. hood gets hacked millions of customers' day is the exposed. >>> paypal turns around. nvidia rips higher again, dee. >> carl, we led yesterday with losers we'll start today with a huge winner, roblox shares are surging after seeing revenue more than double year over year alongside of boost and daily active users the company overcoming a speed bump from last month after a three-day outage led to an estimated loss of $25 million worth of bookings, excluding $6 million that arrived during the outage itself. comes amid recent boost for chip makers fueling the metaverse like nvidia and amd as well as unity. guys, many people were expecting a dropoff here like we've seen the likes of peloton and zoom, but you know, as kids went back to school but roblox has seen the numbers increase i know talking ad nauseam about the metaverse, but here is the play, right? you talk about concerts in the metaverse that are already happening, not so fa

i'm carl quintanilla with deirdre bosa, jon fortt.are mixed today the s&p and the nasdaq did see their worst day in over a month yesterday. dow having some trouble getting some back thanks to disney keep an eye on tesla, higher this morning, despite elon musk selling billions of dollars worth of shares. details on that in a moment, but first news update with rahel solomon. hi, rahel. >> good morning, carl. shares of beyond meat are down around 16% wall street analysts are bearish on the company's long-term growth after the plant-based meat maker released disappointing results and also forecast weak sales in the current quarter. they believe beyond meat reached beyond market saturation faster than expected. >>> today moderna highlights data to support argument production outweighs the risk of young men after getting the shot fda is considering whether to authorize vaccine for children and teenagers 12 to 17. >>> inflation picks up, the internal revenue service is raising income tax brackets by around 3%. married couples need to earn al

i'm deirdre bosa with carl quintanilla and julia boorstin jon has the morning off.ay qualcomm surges. plus earnings take two and etsy. then, ford wants to beat tesla at its own game. the cfo will break down the $30 billion spending plan this hour. later, the case for why apple is the most overpriced tech stock out there, carl. >> first up, our feed will start with qualcomm today. big earnings beat, strong guidance, 56% rise in smart phone chip sales powering those shares up almost 12% today turning the street bullish, too. goldman ups to a buy this morning, says there's still a 40% upside to the stock. piper moves qualcomm to its top large cap pick also overweight and takes its price target to 190. we talk to christian earlier in the 9. take a listen. >> by all accounts our diversification strategy is working and it's working because at the end of the day market is winning with a road map, winning with technology. if 38%, you know, doesn't indicate that the diversification is really working, i don't know what does. the important thing to answer your question is we h

i'm carl quintanilla with deirdre bosa and jon fortt today, jack steps back shares of twitter surge ask dorsey steps down from his ceo role we'll talk about what it means for that company and the broader message in tech. >>> then stocks rebounding a bit this morning after that omicron selloff friday the latest on the variant and the buying opportunities still out there this morning >>> finally, it's cloud week here on "techcheck." jon is live in vegas as amazon's reinvent conference kicks off ahead of his exclusive with aws ceo later on today dee? >> carl, we will of course start with twitter ceo jack dorsey stepping down as his role as ceo as first reported by our own david faber and passing on the reigns to parog. dorsey will remain on the board until his term expires in 2022 they have come down when david first reported about the switch. now up about 4%. guys, i'm looking at his announcement, his memo to employees he also posted on twitter. part of it he says that founder-like companies are severely limiting and a single point of failure when you look across the landscape of the big

i'm deirdre bosa with julia boorstin and carl quintanilla.hy shares of tesla cratered earlier and why it's coming back this morning. >>> then, reasons to be bullish on software. fresh buy calls on salesforce, work day, adobe and more plus deutsche's gold standard in cloud. >>> and later, why those shares are getting fresh this morning, carl, chegg on their face. >> we'll start with tesla on quite a run. closed 8% up yesterday now giving some of that back after some mixed messaging from elon musk on twitter phil lebeau has all that hey, phil. >> hey, carl that mixed messaging is the reason for the stock being down, what, almost 50 bucks earlier today pre-market it came back a little bit. now it's down what about 20 bucks or so, 30 bucks right now on shares of tesla here is where this started last night elon musk tweeted when asked about the hertz deal that this was not a signed contract yet, in terms of the 100,000 model 3s that will be going to hertz as part of an agreement that was announced last week. well, we reached out to hertz this morn

you would think expectations are higher, right, deirdre bosa?ged the driver problem better than others in the gig economy. they have been able to grow revenue, gross order volume by triple digits throughout the pandemic so i think for this name it will be a question of demand, how sticky is delivery, growth the pandemic, is that going to last post-pandemic? really the next leg of growth for this company and all of the delivery companies is how much are they actually owning, how much vertical integration to fulfill that instant delivery or same-day delivery? this is where they're all moving to that's capital intensive, but tony shoo is very well-liked in the industry he is moving into growth -- you mentioned a number of other partnerships expectations are high and because of valuation, it is valued so much higher than say uber or grubhub. >> true, and its performance lately has borne it out. usually, matt, it is near a key technical juncture what is that >> right now the stock has dropped below its kind of trend line going back several months, bu

. ♪ >>> good tuesday morning welcome to "techcheck" i'm carl quintanilla with deirdre bosa and jon fortttoday, high growth tech stocks come up short. we'll explain this week's weakness and the interest rate hate for what have been cloud and software names and the opportunities on the other side of that trade. >>> then, is zoom's 40 minutes of fame finally up investors stuck in the waiting room as that stock stumbles again. seven firms cut their target today. later on, investors unplug from best buy as shares lose power. is this stock actually your best buy today at these levels? we'll try to get some answers on that this hour, jon. >> yeah, carl. nasdaq down more than a percent for the second day in a row, but let's start with a poster child of the selloff in high multiple, high growth stocks and that is zoom slowing growth story there again this morning, shares now down more than 18% earnings actually fine stock posting beat on top and bottom line but investors are worried about what's ahead post-pandemic. revenue growth, of course, is slowing. stock has been cut in half little bit more

shortage without raising shares on riders share down 4% today an more than 30% off the 52-week high deirdre bosa joins us now. jobless benefits not seeing increase in driver supply helping with prices as they thought? >> exactly core problem, you said, kelly that supply. drivers supply we know both lyft and uber pouring millions into this problem trying to give drivers more incentive to get back on the platform talk and amazon's quarter. right? starting average pays $18 an hour how do ride-sharing company compete with that and limited benefits remember, drivers are independent contractors. they may continue to have trouble. uber saying they can actually pull back on incentives last quarter but lyft leaning into them how does this all shape up could weigh on revenue per ride. something that lyft flagged last quarter saying sequentially may be down again. the bright side, the company reach readjusted ebitda profitability. we'll see if that is sustainable. >> true. deirdre, thank you chris is our crader today, chief equity strategy at m.i.a. capital management what would you do with lyft and feel f

come up next and today at 3:30 eastern don't miss the pro talk with dan niles and cnbc's deide deirdre bosater this. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> all right. doc, unusual activity. what do you see today? >> all right, scott. in addition to that rocket we also see iaa this is an auto auction company, and it's trading at about 55.50 dollars a share. we see big buying in the april 60 calls of 2022, scott. so this one's got plenty of time i bought a spread basically buying the 55s and selling an upside call against them i'll probably be in that trade for several months second trade, denim air scientific, dnmr, this is a shorter term trade, much shorter, in fact these options expire next friday they're buying the november 20 calls and that's with the stock at about 1890, scott like the upside here, it's an alternative to petroleum-based products for things like

i'm jon fortt with carl quintanilla and deirdre bosa day two of cloud week is a big one.'ll hear from the new head of aws, andy jassy's successor in just a moment. >>> plus, be there or be square. why bank of america says jack dorsey's departure from dwirt will do wonders for his other company. >>> tech comes off the best day since may falling again this morning with rest of the market over covid uncertainty apple the only big stock that i'm tracking that's significantly higher >>> plus, an update from the fed chair. dee? oh, carl >> you're right, jon big leg lower now dow down almost 560 points. we're going to start our feed with the markets as we said, stocks are dropping on those comments from fed chair powell and his view it is appropriate to consider wrapping up the taper of our asset purchases perhaps a few months sooner. who better to break it down than mike santoli. >> clearly investors thought that this new covid threat probably would have bought them a little more slack in terms of the fed moving ahead with their removal of accommodation and tightening eventuall

deirdre bosa with both after the bell. >> uber first. lyft is showing success.s to deliver. uber is more global and diversified or as lifrt puts it less focused will its delivery business help or hurt? as for airbnb this company may be a pandemic and post pandemic winner people look to home sharing at the height of the lockdowns. can they continue to choose airbnb once industry travel returns? airbnb raised the stakes on itself projecting to be having the strongest quarterly revenue and highest adjusted ebitda and margin this quarter and that's what analysts will be looking for. >> thank you stephanie, do you like the two names which both have strong reopening tailwinds? >> yeah. i prefer uber at 4.2 times revenue. i don't own it but not to say i wouldn't own it i want more color whether they reiterate the profitability targets and driver shortages but i think the ride business is on the mend i expect 11% sequential growth in bookings on ride side i think delivery has challenge just because of reopen that's on the radar screen i think the ceo is phenomenal and l

. ♪ >>> good tuesday morning welcome to "techcheck" i'm carl quintanilla with deirdre bosa and jon forttweakness and the interest rate hate for wha

i'm deirdre bosa with julia boorstin and carl quintanilla.g. >>> then

deirdre bosa has a preview. >> you can wear a canadian tuxedo, all denim. drive shortage in focus.oured in incentives and weighing on the preferred measure of profitability. last quarter lyft said higher driver costs could weigh on revenue per ride neither is a good bet this year. lyft the less ugly play and uber down nearly 17% year to date guys >> d, thank you so much for that down 2%. what are the expectations on this one uber or lyft or neither? >> i would stand back. even though we know long run there's a huge opportunity and i like uber because they had a good balance in terms of being able to operate -- there's a real uncertainty of how long to take riders to get back into the swing of things and the pricing is so much higher and that has to affect buying and not to mention the driver supply shortage we'll learn a lot and see what they have to report. uber in two days and what they have to say looking forward. >> greg, very quickly, any opportunities here on the stocks p punished for the guidance and most of the disappointment lately >> no. i think that the -- what we are he

i'm deirdre bosa with carl quintanilla and julia boorstin jon has the morning off.ings take two and etsy. then, ford wants to beat tesla at its own game. the cfo will break dow

welcome to "techcheck" i'm carl quintanilla with jon fortt, deirdre bosa and julia boorstin. shares lower this morning. >>> then out with the old and in with the new inside $90 billion valuation for

i'm carl quintanilla in new york deirdre bosa in san francisco, jon fortt is in washington today.

i'm jon fortt with carl quintanilla and deirdre bosa day two of cloud week is a big

i'm carl quintanilla with deirdre bosa and jon fortt today, jack steps back shares of twitter surge asl talk about what it means for that company and the broader message in tech. >>> then stocks rebounding a bit this morning after that omicron selloff friday the latest on thri

. >> let's focus on two parts of the market hit during the downturn deirdre bosa has a look at china's >> the chinese internet names dropping over 4% today, the fears about a new variant, but ongoing worries about beijing's reg hear to crack down we have been talking about it all year caught in the cross currents today, down nearly 16% on the session, bringing year-to-date losses to more than 60%. the chinese ride-sharing company in focus after a report chinese regulators asked it to delist here in the u.s. a few outperformers in the group, as mike mentioned, baidu was up more than 1%. other commerce names like allie baba and jd.com holding up better than the broad market, but all of these names have been massive under performers throughout the year. back to you, sara. >> thank you to contessa for a check on the casino stocks that were dragged into the elling. contessa >> think were, yes casinos with exposure in macau getting slammed. i'm looking at las vegas sands here ending the day down 5 and a third. you have even mgm, which is more reliant on its domestic business down 2 1/3 ceasa