>> so for draftkings, they're currently in 12 states it comprises roughly a third of the u.s.n. i think ultimately one would expect that it will be tremendously higher than that, so our market tam estimate is substantially higher than other analysts on the street most analysts have a tam number in the $20 billion to $25 billion range. our estimate is $40 billion with upside to that if you look at new jersey and extrapolate the gaming revenue per capita in the state of new jersey which is the most mature market but growing astronomically, just based on that you get get to a $30 billion or $40 billion tam that's what's being underestimated so increasingly we'll see more states roll out. >> where does draftkings relative to its competition, competition that you follow, where does it fit? is it at the top of your list? is it in the middle? how is it positioned vis-a-vis the penn gamings, the fanduels, the mgms >> that's a great question in just about every market that draftkings are in, they're the top one or two player. it's been consistent pretty much since they launched initial

that's one you can throw in that game as well. >> so jeff, right, so if you've been all over draftkings, now what? >> i think you still own it here i think there's still a massive tailwind you had over 7 million people bet on the super bowl, just one game, so i think the pie will continue to grow. i will go outside of the box i thought steve might mention bft and pay safe if you are looking to play the infrastructure, company who is processing payments online, this is a real opportunity here i was reading a survey today that shocked me. people choosing which sports book to buy 37% said quick and easies pay outs were important any company that facilitates this has a tailwind. >> nadine, you have an under the radar play for us? >> goldman initiated on a name we held for many months here, evolution gaming people can check it out. it has roac of over 65% and cash conversion of 85%. so free cash flow margins of 60%. great name it partners with draftkings. >> okay. >> love a name like that a little bit less held >> give me a final trade if you would quickly, please. >> sure, bp. an intersecti

jason robins joins us, the ceo of draftkings. i want to start with dish. is that enough of a game changer if that had been possible 10 or 15 years ago in the smartphone era, do you need to place a bet on tv when you can just do it on your phone at the same time >> well, it's really just about having convenience, and actually, technically the bet is placed through the phone it's really just giving people the opportunity to pull up their bets on the screen where they're seeing the streaming and also to be able to interact with that. the bet actually uses your phone. the tv communicates, the system communicates with your phone, and the bet is actually placed through your phone it's really just about having one screen i know that a second screen is a term a lot of people use, and certainly with a phone, you're right, it's very convenient. i wouldn't say you need it, it's just another way that people who have certain preferences can interact, and our goal is just too try to make it as easy as possible for people to be able it the way they want to it >> do you t

draftkings was up. although i can understand a view that over $70 it's pricing in some of this news but massive pent-up demand you're talking $2 trillion in excess consumer savings. you have the stimulus checks rolling out. i think there's an underestimation of what the market is going to look like if you go to super bowl, not a good look for the companies at that point in time you're talking about a 60-plus percent in gambling. there's a lot of room here you still have a ton of legal catalysts in terms of legislation. >> darden restaurants, the owner of olive garden. nadine, what do you say? >> you know, you trade it on the intermediate term, it's going to keep with the reopening plays but you got to fade it on the near term, again, five to one down side. they have trouble hiring people. food and labor costs are going up the plan for digital, what they've learned is that people want to go to their restaurants. they don't want to take it out as people come back into the restaurants, vaccines are given a

. >> it's certainly public operators draftkings, flutter, penn national.ul companies and they're riding the tail winds of the return of sports and we're fortunate to have over the next three weeks the national sports betting holiday, the ncaa tournament there's 63 games or more you will have an incredible velocity of consumer acquisition. that's where we play in. if you look at draftkings, you know the business well, they spent $200 million a quarter in marketing and are trying to acquire customers on our platform and lots of other channels it's a free for all grab of kufrnlt customers. >> patrick we didn't have the ncaa tournament, this year we do how important -- you talk about pent up demand, people have been talking about this for a month and half how important is this to your business. >> it's mission critical s 24 picks on the platform people can get their picks like any stock and follow their picks on our platform. there will be tens of millions of picks in the tournament it really is the super bowl. any major event you can think of plus it's volume

why don't you compete with draftkings called fanduel. they said you know what we are thinking about it and the stock rose 10%. you might have new opportunities their same. jack: and the other thing in the sports world which is the nfl's selling streaming rights. i'm wondering when this is going to be happening. we are saying that though streaming into the modern era here? >> this is a big deal. it's an 11 year deal worth more than $100 billion the last thing we had was a nine-year deal so big and increasing the amount of money and a lot of it is the traditional television player will re-upped their game packages and secure though streaming rights through two big changes first of all disney owns abc and espn. skidding two super bowls but amazon prime is getting exclusive rights to "thursday night football" prepares a night football is on monday night and although it's certainly not sunday football but is the first time we have seen this exclusive deal for streamer. jack: howard cosell's wishes he could do those abc games for legendary int

and speaking of online betting, shares of draftkings, let's take a look there.week high earlier, we do have it pulling back by about 3.6%. the sports betting company announced a partnership with dish network to integrate draftkings' sports book into the hopper tv platform with potential future expansion, so dish getting the beneficiary bump from that, up 1.9%. >>> all right, should they worry about live sports steamer fubo-tv announcing an interactive wagering business? david gambler is joining us first on fox business in just a few minutes to give us details. yes, we will talk about the stock, yes, we will talk about the quarterly report that just came out which was a mix of unbelievably good news and kind of worrisome news. we'll get all of that in a second. >>> senator elizabeth warren's proposed wealth tax would put the skews to at least some of millionaires' and billionaires' fortunes. charlie gasparino has been speaking to people in the know about. this charlie. >> and how it's being received both on capitol hill and in the biden white house. kind of a cli

the same thing was spent by draftkings last year.even have a product. he's trying to go to war with massive companies, with massive brand recognition, and fubo -- as you heard on your interview -- has 500,000 subscribers spread across, i don't know, probably 10, if not 20 or 30 states. they have no scale and no balance sheet to compete with fanduel, draftkings, penn, barstool, you could go down the lust. but if that's what investors are hoping forking heir going to be very, very disappointed -- they're going to be very, very disappointed. liz: let's all have a drink together, all of three of us -- >> i love david gandler, i just wouldn't buy his stock. [laughter] liz: fair enough. please come back. and by the way, rich said he wouldn't touch theater stocks in we've got the ceo of amc theaters, adam aaron, ceo and president, monday. why monday? we want to talk to him about the big reopening weekend in new york, how it went for his chain. 3 p.m. eastern on "the claman countdown." dow jones industrials at this very moment are still roar

stuart: draftkings is expanding. and also gets the rights to license in countdown clock and ufc will show draftkings betting odds in its fight broadcasts fresh off the one and have billion-dollar broadcast deal with disney, abc, espn and draftkings with a deal with dish network. i think it's a great partnership of two companies on the up and up and also on the expansion route. stuart: okay, draftkings into everything these days it seems. digital payment company square acquiring jay-z streaming service called title. what is this all about? susan: i think that is what wall street is saying because look at the reaction to square shareprice. jack dorsey digital payment company acquired majority stake in jay-z music streaming. it's a mix of cash and stocks worth almost $300 million, but jack dorsey tweeting this photo announcing the deal with him and jay-z and we know jay-z bought title iv $56 million in 2015, so he's making a bit of change and he will also join square's board of directors. we know jack dorsey and jay-z h

j, you own draftkings calls still, correct >> correct i love the call by loop.nue to think this one benefits as you roll out online gaming across the country and virtually every jurisdiction will be making those moves over the next 12 to 24 months, scott, that is going to benefit these guys in spades same thing with penn gaming, because of their tie-in with dave port notice and the barstool guys. this is one you do not want to bet against and the pun is intent the, scott. >>> coming up there's unusual activity you need to watch today. let's show you the s&p sectors, highs of the day 30 points, led by tech, no big surprise there with that move lerow in interest rates. we're back after this. ound you where you learn, work, and fly we help make them healthier. we are the people of abm. for more than 100 years, we've been a leader in making spaces cleaner, from the things you touch to the air you breathe. today, more than 100,000 of us are innovating to ensure spaces are more efficient, healthier and safer. abm. making spaces just over a year ago, i was drowning in

up 1300% from the march 2020 lows draftkings, joe, maybe this will get your attention goes to 105 atok is higher than estimates and expects further legal saization this year. and up raising on berkshire's class a shares from 400,000. current valuation does price in macro uncertainties but raising the target on updated estimates and multiples. joe? >> you like western kentucky against florida international in i got at one, starts right after the show you know, it's funny, draftkings. >> so that's what you'll be doing after halftime report. >> send money out, i've never tried that i don't even think they have one. it's just there for like decoration it's just money goes in. it never, anyway, that's my problem. we don't need. >> you have yet to >> thank you one way street the investment committee is answering your question. first up, a video question for kevin o'leary on alibaba >> hi, this is robert from canada >> stay long if you believe in the digitization of the economy and more people having products delivered as opposed to the hassle of retail, alibaba is a must hold. hold it thro

liz: i knew you wouldn't bite, but, you know, i've got to ask you anyway considering draftkings has hasaming. how do you feel about the autonomy you've been given to run fan tulle? tulle -- fanduel? >> we've been able to take the best of what fanduel did in the u.s. and pair that with a bunch of global advantages that flutter has from being the number one global operator, and that's resulted as the number one sports book in america. liz: your sports book is available, active in ten states right now. matt, how many new states do you see lining up this year and approving online gambling, sports wagering? >> i think you'll probably get 2-4 states that go live this year. you've had states like maryland and louisiana that passed referendums last year by very wide maries to show -- majorities to show the popularity of sports betting. then you have georgia, massachusetts, ohio, new york that are all considering legislation, and so we think we'll get a subset of those that'll pass. and the great thing about the timing on the sports calendar is every state that passes this year wants to make sur

draftkings had investor day yesterday.shares, multiple price target hikes are lifting draftkings by 12.25% as analysts cheer on strong guidance by the fantasy sports giant. barstool partner penn gaming and golden nugget are also shooting higher at this hour, but it is not all green on the screen. look at tupperware, pulling the lid off to massive miss on earnings estimates. shares are plunging to their worst level since last june, down 19% to $26.18. all right. remember april 30th of 2018ing? you don't? okay. let me remind you, that's when t-mobile and sprint's ceos were all smile as they announced right here that they were emerging officially on "the claman countdown." charlie gasparino has the man right now who says tear it up, charlie? >> yeah. and let me tell you something, the person i'm going to introduce in a few minutes is not just some guy hanging out at the water cooler. he's one, he's the founder of -- liz: he's on the screen right now. >> yeah. that's peter adderton, founder of boost, longtime entrepreneur. and

high i am guessing that will propel the stock higher especially as it goes head-to-head against draftkings conductors a very strong name in that sector >> that one is up 5% after hours on this news time to take a look at an open trade, cohen carter says regional bank may be headed for a bumpy ride >> you can see the channel that kre has been in. it's very well defined after basically breaking out of the upper demand, which is a move of xerks you are likely to check back to the middle of lower range. that's considered lower from here with the serial of kre. >> the change i was look ac is the more of a pass trade than an outright bullish trade you could collect about $1.90, close to the 40% or so that we like to get for an upside credit spread if we are selling >> the kre hit a new all time high, mike, what do you do >> yeah, so there is something to think about here. first of all, when you sell a credit spread and have pretty much given back all of the credit that you have received and that amount again, which is where we are now, this is worth about $3.50. time isn't as much on your side,

we have draftkings, they announced a deal with dish network.directly on their betting platform. it's a win-win for both. let's check in on on las vegas sands. this is end of an era. if not the largest timing company in america says we're selling out of vegas. it originally made its money, six billion dollars in private equity focusing on macaw and asia instead. stuart: that is a major league shift. i remember not that long ago when vegas ruled the world as a gambling mechanic call. now much more like macau rules the world. susan: four times the gaming take compared to the vegas strip. things have definitely changed over that time period. stuart: las vegas is out of vegas, sands is anyway. susan, thank you. >>> closed classrooms we've been on that a lot hurting every family but hitting minorities especially hard. watch this, please. >> i don't know if i would be here sitting in this seat, talking to you right now if, if this pandemic would have hit when i was a little boy. stuart: he feels strongly about it, rightly so. california school board a

guessing that that's going to propel the stock even higher especially as it goes head-to-head against draftkingsrs, a strong game >> that one's up 5% after hours on this news time to look back one of our open trades. cohen keert said regional banks might be headed for a bumpy ride >> you can see the channel that kre has been in. it's very well defined after basically breaking out of the upper band, which is a move of excess, you're likely to check back to the middle or lower range of the band, so that's considerably lower from here we're a seller of kre. >> the trade i was looking at on kre is a pause trade more than an outright bearish trade. you could collect about $1 is.90 for that close to the 40% or so that we like to get to the up side credit sell if we're trading. >> mike, what do you do? >> yeah. so there's something to think about here first of all, when you sell a credit spread and you've pretty much given back all the credit that you've received and that amount again, which is where we are now, worth about $3.50 time isn't as much on your side. the risk-reward relationship from here i

this means that dish's 11 million subscribers can now bet on draftkings. win-win for both.d finally, a booming business, a new one, cryptoart or nonfungible tokens worth hundreds of millions of dollars. prices have been skyrocketing the past few years, and they're one of a kind artworks that are stored using block chain this is which is the underlying hedge technology in bitcoin and other cryptocurrencies. i know how interested you are in this, neil, but it's the new world. neil: it's stun thing -- stunning, these images -- [laughter] you thought i would be jaded, i'm not at all. i'm trying to be hip, susan li on all of that. in the meantime, you've got the latest private sector payroll data in today, and it came in okay, 117,000 more private sector jobs. they had been expecting a lot more than that though, and this is partly a concern because all of the growth was in the services sector industry within the private payroll arena. now, how this sorts out when we get the big employment report for the month of february is anyone's guess, but let's go to brian wesbury, hadty --

two, draftkings and fanduel. vegas is brutal.ou call bleak in a word. >> good morning, joe good to see you. yes, it's an interesting time with brackets, i was doing so well and then michigan last night. not sure where i go from here. >> big ten nick cronin from the university of cincinnati never got to elite eight. now at ucla and he's in the final four i got to congratulate him on that doing better than the other transplant from louisville okay let's go on. we get all excited about all of the states where we're going to see online eventually. but you say the total addressable market, people get excited about it but a lot of it you can't participate via public companies so most of these stocks have already made the gains that they deserve to make? >> the online gaming stocks are up a lot it's truly been one of the best performing groups in the entire marketplace. so, you know, there's a couple of things to say i think, number one, las vegas, you know, is just incredibly priced discounting so, if you wanted to go to las vegas over

draftkings up today. what have you got?n it comes to convertible notes and that could turn into stock by 2028. that means more supply which reduces the value of the current stock. draftkings was lower by 1% during the opening bell. show you alibaba. more problems here with beijing for jack ma's empire. "the wall street journal" is reporting that beijing may be forcing alibaba to sell off the media assets. that includes the influential south china morning post they own and stake in china's twitter service. more headaches and handcuffs being put on alibaba. check out the casino operators, mgm, caesar's. m gm is called a buy at jeffries worth $50 a piece. occupancy can go up to 50% this morning. crowds are back. caesars, index funds that mirror the s&p 500 has to buy the stock along with penn national another name being added with nxp and generac. penn national we were up 8% in the opening minutes. it is up 3600% the past 12 months and according to reports, 19 more states across america are looking to legalize sports betting t

. >>> draftkings to a street high.ftkings' solid earnings and the fact it turned a profit in new jersey last year, that stock up 10.3% time now for cnbc news update with rahel solomon rahel? >> hi, sara, hi, everyone. the senate judicial committee has advanced merrick garland to be the next u.s. attorney general. he now has to be confirmed by the full senate within days. >>> a top official at the world health organization says it's, quote, unrealistic to think the pandemic might end this year he says that vaccinations are likely to help reduce hospitalizations and death but that countries must remain focused on lowering new infections >>> three-time defensive player of the year j.j. watt has found a new home with the arizona cardinals. he has reportedly signed a two-year contract worth $31 million. >>> a new study finds that eating fruits and vegetables does in fact help people live longer and lowers the risk of cancer and heart disease, but researchers found beyond a certain amount, the benefits didn't increase. watch

coming up on "power lunch" shares of draftkings slightly lower but climbing 53% so far this year. caing dkng a top pick. "power lunch" after this break and i'd like your best new smartphone deal. oh do ya? actually it's for both new and existing customers. i feel silly. but i do want the fastest 5g network. oh i want the fastest 5g network. are we actually doing this again? it's not complicated. only at&t gives everyone the same great deal. like the samsung galaxy s21 5g for free when you trade in. no one likes to choose between safe or sporty. modern or reliable. we want both - we want a hybrid. so do banks. that's why they're going hybrid with ibm. a hybrid cloud approach helps them personalize experiences with watson ai while helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ we see smarter software delivering cleaner power. emerson's breakthrough technology enables the power industry to integrate renewable energy sources to modernize and improve the electric grid

time now for the stock of the hour -- draftkings got another upgrade this morning as wagers roll in for the ncaa tournament. investors are betting the big gains of last year are enough. we're looking at the year long story. what are you finding? >> shares are down despite the fact we have a flurry of good news. the capital market reiterating its bullish outlook and we have march madness rolling on. much to the disappointment of many. what's more, we have three states that have legalized betting. that's giving them a big boost as well. they highlighted new york as a gigantic opportunity in online gaming and they are not alone here. you see there are 18 byes on this stock and just one cell. -- just one sell. they are up 550% -- perhaps because people are stuck at home with covid board. what i do know is that they had an ipo in april of 2020 and have not looked back since. matt: gambling has definitely been good business during the lockdown. shareholders have made a lot of money. who else is putting up big net worth numbers due to this? >> not sure i can hear you. we do have massive payche

. >>> up next, draftkings is buying the network, gambling-related content >>> add spotify also making a deal, it's buying benny labs, which is behind an app called locker room. the price tag reported to be ar $55 million. >>> vaccinations continue to climb. at least recently, and we'll ask, have we reopened too soon >>> plus, is amazon dipping into chips? those details when "power lunch" returns. how'd you come up with all these elaborate backstories? glad you asked. i got help from a pro. my financial professional even explained how nationwide solutions could help mr. paisley retire early. and spend more time with his pal, peyton? right? i'm glad you feel that way. don't like surprises? [ watch vibrates ] proactive notifications from fidelity keep you tuned in all day long. so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity. >>> welcome back here is your cnbc covid update at this hour in the last hour, germany announced it will restrict the use every the astrazeneca use of the vaccine nationwide for people under 6

i've done them mostly as trading ideas, and even then it's been rare, the draftkings of the world, the world, but so many of them are truly empty shells. and to your point, stay bullish but do the work. let me ask you about bond yields because this is what's triggering all this weakness here. they're rising again. nasdaq has been struggling what today, but i'm looking at niches within nasdaq because we talk about big tech, that's a huge tent. semiconductors look good to me. do you like anything in that tech world? >> yeah, one of the things we're holding is invidia, they're dominating the market share when it comes to video game processing units. this is actually an area that i like, the video game industry as a whole. the semiconductors, you're drilling down further, that's a great place to be in. charles: okay. >> the top line, the last quarter of management data, so that's one of the names i like. i still like the big cap names, obviously, a lot of pressure -- charles: delano, 30 -- 20 seconds. the semis are out. how do i make money on it? they're going to be spending like crazy thi

that they are going to be tracking, large caps, over $5 billion each you can see the top holdings, draftkingsitter, ford, facebook, amazon dave fortenoy has put his name behind it. it's not necessarily an appear also to appear also way to track this it rebalances once a month, only tracks large caps. if you hope to invest in the next gamestop, that may by difficult. >> why is ford among those >> interesting question. there's a lot of large large-cap stocks maybe people like their fords as well and buying into that stock? i'm not exactly sure. >> thanks, leslie. appreciate it. >> thank you. >>> tomorrow we will be joined by jan van eck to talk about it. >>> by the way, tyler, ford is one of the most traded stocks on robinhood. >> interesting out of all the stocks. >> it's been a stock that's done well >>> as we've been watching the so-called reddit stocks this week, one company has been tracking a different metric, online bots. being driven by large bot armies trying to push the reddit rocket ship to the moon we're join by aaron barr great to have you about us these bots you're studying, these

i look at draftkings, i look at us. you will see a bifurcation on deals, as well as investors.appy when i see a bad deal get done, but quite frankly it is good for people like silverbox, like us, because we have a platform that is built to buy and hold and build and grow. we are not interested in quick flips. we view this as an asset class. he was saying he believes this is a potential distant mediator of a lot of businesses. we agree. if done properly, this is a great way to take companies that are ready to be public to the public markets. that is a key differentiator. ed: just on lowe's companies. there is a lot of private equity. a lot of the spacs aiming around the same size. how difficult is it defined a target and get that target to agree to a deal with you guys in this market? joe: last year there were what, 14-not private equity transactions? right now are about 3600 companies. that is about half of what we had in the mid to late i do think there is competition. however, i think the management teams on the sponsor side, other that is private equity or a spac platform, i

draftkings for one down 4% penn national and bali deeper in e thred. >>> more "squawk alley" ahead.h us. we're carvana, the company who invented car vending machines and buying a car 100% online. now we've created a brand-new way for you to sell your car. whether it's a year old or a few years old. we wanna buy your car. so go to carvana and enter your license plate answer a few questions. and our techno wizardry calculates your car's value and gives you a real offer in seconds. when you're ready, we'll come to you, pay you on the spot and pick up your car, that's it. so ditch the old way of selling your car, and say hello to the new way at carvana. ♪ what the hell's an nft apparently cryptocurrency ♪ ♪ please, explain, what's an nft ♪ i said what the hell's an nft can you please help me make an nft ♪ >> son, i didn't understand a word you just said >> hey, thanks >> in case you missed it, there is "saturday night live" trying to explain the nft craze overt weekend. and gronkowski here with us on cnbc, though i mean, he was just trying to get up to speed, deirdre on this, though jum

dave portnoy's endorsement not enough to buoy the fund whose top holding today includes twitter, draftkingsat buzz at the moment, all of those names are moving lower. >>> okay. square at this hour also moving lower after buying a majority stake in jay-z's streaming music companied tidal. he will join square's board of directors. jack dorsey's digital payments company is going to pay about $297 million in a mix of cash and stock for tidal. okta shares struggling premarket and all the way through today's session after the identity management company agreed to acquire its rival for about $6.5 billion, this is an all-transaction. okta's down 4.7% even though it beat on earnings and revenue also came in with some soft guidance and questions about the deal price, so that is what's weighing on the stock right now. >>> a consortium of leaders in crypto hoping to have the ear of president biden's staff. will they get it? charlie gasparino has details on how they're trying to make that happen. >> liz, i don't know what bitcoin is doing today, but the -- liz: it's down. >> it's down or up? liz: it's d

are being spaced are innovators and future disrupters things like that are virgin galactic and draftkingsyour point it is hard to pick spacs. we don't want to do that or leave that up to the investor either because you don't know which spacs are going to work out. or -- charles: go etf. >> exactly you have the etf, but the purpose of the behind the etf spac, you're looking most capitalized most liquid companies. they are 250 million market cap above and -- [inaudible]. these speaks are well funded and very likely to do a merger mainly because i think their leader are innovative enough not to let them fail and wouldn't put them out there if there was not a good idea. that is the best access i think. charles: talk about another team, hydro. this is something i'm excited about a long time. believe it or not i first recommended fuel cell and plug in 2007 and ballard power in 2:00. obviously i was early. some are wondering again, are they still more hype than fact? they keep pulling back. is this really the time to get into them? >> you know i looked at the chart from late 2,000 until today. i

have just familiarized themselves with the penn national gaming, with its barstool sportsbook, draftkingsy familiarized themselves with these sports betting apps during the man demick, and now they're expecting this to be the largest wagering sport betting event in history. what we are expecting, liz, according to the experts is not as many people will be filling out the famous brackets this year, and that's because, well, not as many people are going into the office as in previous years, so you don't have that peer pressure from your coworkers to fill it out. but i did fill mine out in between commercial breaks earlier today. i live in illinois, so i've got illinois going to the finals. liz? liz: i can't believe duke isn't in it. i just can't believe duke, so i'm going to have to go with syracuse because cal ain't in it either. grady trimble. stocks are getting rapid here in the final hour with the nasdaq down 366 points, dow is down 134 and that blows through the low of the session for the dow as well, same with the s&p which is now down 53. we are coming right back, please stay with us

. >>> draftkings announcing a surprising new partnership, and it could shake up the sports betting space a one-stop shop for your finances- designed to work better together. spend with sofi and get cash back rewards that automatically go toward your goals. like investing in stocks, etfs, and crypto. that's better together. or pay down your sofi debt sooner. that's better together. and that's how sofi is helping millions get their money right. ♪ ♪ ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ it all starts with an invitation... ...to experience lexus. the invitation to lexus sales event. lease the 2021 rx 350 for $429 a month for 36 month's, and we'll make you're first month's payment. experience amazing. so you're a small business, and we'll make you're first month's payment. or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do t

draftkings is one, virgin galactic. people made big money in them.heir cio, paul schatz. paul, for all the attention gamestop is getting, this spac situation is the ultimately money job. there are some good names in there but how do you pick them out? >> you're right. people get mad when i say the dot-com bubble 2.0. this is exactly what happened back then. celebrities getting involved with dot-coms, where they have didn't have revenue, they didn't have sales, they have an requested. they have an idea. it's a blank check. there are a lot of good spacs but usually the first in, first in the game, the first to get a deal done. what is happening now, what did we do so far this year? $50 billion in two months which is more than every other spac year in the history of the world combined? so what is going to happen is, deals will have to get pushed through, when the clock runs out on those spacs at the two yearish mark, what will they do, return the mooney? no. they will push crummy deals. number two, who is frothing at the mouth? the private equity compan

. >> and so, i love draftkings. >> and steve >> goldman sachs is the steph curry of my portfolio, and is hot, you give them the ball. >> and so waiting for it to open, and we are told that it could happen any moment, and the reins are tight, and 64 and 66, and we will throw up the gamestop and looking at a quick look there, and halted a few time and crazy volatile there, and last time it was halted and this time to the upside and volatile day for the stock market including the nasdaq up and down and now positive and a lot to talk about on "the exchange" which begins right now. >> thank you, scott. i'm melissa lee, and this is what is ahead in a few minutes we will look at the 10-year bond market which is something that the investors are waiting for. and then one year after the pandemic has been revealed, the economy turned on its head as investors turned its tech in for contact lists. and now we are looking at the jump from last year as covid shutdown some people online. can that momentum last as some companies

ford, draftkings, there are all sorts of difficult companies. it's a mix.term investment. i wouldn't recommend anybody buying the etf think they will make 100% in a week. that is not what it is for. it is a new age longer term investment proven with the algorithm to be far more successful than the s&p. that is why i got behind it. charles: i got to tell you, you know, you already alluded to gamestop having an amazing session again today. dave, i've been doing this a long time. one thing that pisses me off, is the sort of notion that a company is buried when the stock gets hammered. last week michaels store was taken private 22.50. a year ago it was buck 50. nobody on wall street would touch it. 2009, brunswick, you remember the bowling company? $3.77 stock. they have gone through the moon because they reinvented themselves as a boating company. the reason i bring it up, you alluded to it, the individual investor in this market you think they will have a to learn a little more patience? i think their instincts is right. and the research is right. let these t

that is a vote of confidence there in draftkings up 8%. gamestop flying again today, susan.resting. these gains have accelerated. we're already up 120% plus. i would say 140% plus at this point with these gains today. that is only in the first 10 days of this month. we're looking at a market cap now of $17 billion, highest since february the 1st for the stock. there is real, this is foundational belief that chewy's cofounder, gamestop board member, major investor, ryan cohn as you see will engineer a big turn around on the company. this is going away from bricks and mortar to online. the fact gamestop outperformed the rest of the meme stocks, gone up and stayed up, nasdaq went down, the other reddit plays sold off along with the nasdaq, that suggests to a lot of investors that gamestop is more than just a short squeeze social media play. meaning it has real foundations to turn this company around. now the big believer is roaring kitty keith gill. he doubled down on his stock holds at the end of february, turning out to be a very smart bet, stu. 100,000 gamestop shares, you d

can i quickly show you draftkings because it just find a historic deal with the wrestling federationexclusive deal with ufc and draftkings with more legalization in different states. stuart: may have been doing very well recently. show me some of the dow jones winners. 30 stocks and these are the biggest winner, boeing with a huge order from southwest poor max jets. apple, procter & gamble other big winners. among the s&p 500, twitter is the leader, carrier, boeing. as for the nasdaq, facebook, dollar tree, lululemon, appellees in their. that is the market. at that's how it open on this monday morning after seven minutes with a business that dow jones is only down 30 points. president biden stumbles through his first news conference thursday. remember this? >> i'm-- we are going to get a lot done. when i was united states senator-- i mean, vice president. >> i don't know how much detail you want. okay. where am i here? stuart: so, does all of that meet at the next news conference is a long way away? we will talk to kayleigh mcenany about this. first, we are talking the spring break o

we'll head to news, draftkings announcing a deal that will bring draftkings and fantasy apps to platformsore "squawk" right after this ♪ if your money is working toward the same goals, why keep it in different places? sofi is a one-stop shop for your finances- designed to work better together. spend with sofi and get cash back rewards that automatically go toward your goals. like investing in stocks, etfs, and crypto. that's better together. or pay down your sofi debt sooner. that's better together. and that's how sofi is helping millions get their money right. ♪ ♪ >>> well, we've heard a lot about wealth taxes in the last 24 hours yesterday right here on "squawk box," senator elizabeth warren laid out the thinking behind her new ultra millionaire tax saying it will level the playing field in her words in america. >> this is two cents on assets above $50 million. and just to put that in a little context, since the pandemic, our 660 billionaires in america have increased their wealth by $1.3 trillion >> joining us now with his thoughts on warren wealth tax is billionaire investor lee coope

maria: wolfgang, morning mover, draftking.ng company and new deal to become official gaming partner of the world wrestling entertainment. if approved draftkings will receive exclusive license to media assets and game branding for pay per view events and friends can engage to free to play pool. the stock is up one and and a third percent. stay with us. we will talk about the china threat when we come right now. beijing pressuring taiwan while expanding middle east footprint. general jack keane weighs in on the taiwan situation. next hour the national security threat at the southern border. ohio congressman mike turner is here along customs former director vaughn reacting to migrant surge hitting record levels and kamala harris' role exactly? and at 8:00 a.m. hour dana perrino out with a great new book, how the white house is handling the border crisis messaging. don't miss a moment of it. you're watching mornings with maria live on fox business. ♪ ♪ ♪ ♪ ♪ ♪ ♪ maria: the spending surge and how the pay for it. president biden is

draftkings, boeing, way fair are soaring higher.like the idea people will spend a lot more money. boeing is up significantly on presumably travel is starting to come back. the whole range of stocks we're seeing, very broad-based rally on rising optimism that the end could be nye as far as the virus is concerned. we'll stay on it on "coast to coast". discover the replenishing power of new pronamel mineral boost. teeth need natural minerals to keep enamel healthy, strong, and white. but every day, acidic food and drink can wash these minerals away, weakening and dulling enamel over time. pronamel mineral boost protects teeth by working with your mouth to boost absorption of calcium and phosphate which naturally strengthens enamel. pronamel mineral boost helps keep teeth strong, white, and protected from sensitivity. so you're a small business, new pronamel mineral boost or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powe

for the first time and really closing the gap with netflix, and some price target increases on draftkings. major calls on apple today and of course we'll get the stimulus vote in the house somewhere a little before noon back in a minute ♪ ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa keeping your oysters business growing usaa. what you're made of, we're made for. has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i

a bunch of individual calls to get to, including calls on twitter, gm, facebook, and news on draftkings and the boeing ouwee order from sthst back in a minute so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >>> watch boeing in the premarket, looks to ep up about 2% here as southwest announces 100 firm orders, for the 737 max, takes an option for about 155 additional jets, jim, it was on our show, in 2019, where gary kelly said look, the board's going to look at maybe diversifying into airbus, and it was later that boeing's dave calhoun says we let them down. >> this is a surprise. phil lebeau with an excellent report earlier you remember how angry gary kelly was, who could blame him but this plus a note

would you give 14 points to any of these teams >> draftkings bet instead of the bracket? >> my brackets are, you know, i told you i was betting against my brackets and i was doing well but i just don't know about 14 points i'm going to think about it. >> a lot >> that's a lot. >> how many games have you seen 14 points over the weekend not many. >> very few. >> these teams are so good, this he don't give that many points anymore. it should be a parody by now 14 points. >> we got to run see you tomorrow bye. time for "squawk on the street. street" i'm david faber with jim cramer, carl has the morning off. a look at futures as we get ready to open another week of trading. as you can see, a mixed bag, nasdaq going to look stronger. our road map this morning does begin with a big deal in m&a, it's a rail deal worth $25 billion. kansas city southern, announces that it is being acquired by canadian pacific then, new results from aft zan ka, what the company told us earlier about its efficacy here in the u.s and later, tesla to 3,000? we'll break down cathie wood's latest bull ca

. >> and fan duel and draftkings are winners, and the networks very lucky because people have to watch the games because of fantasy even if the games are farther. >> a great point and also, putting disney's week into perspective, disneyland opening. >> yes. >> this deal, falcon, winter soldier, debuted at midnight, isorngmea talk of social di th mni quick break, guys. back in a minute if you're 55 and up, t-mobile has plans built just for you. get 2 unlimited lines for only $70. and now get netflix on us with your plan. and this rate is fixed, you'll pay exactly $70 total. this month and every month. plus, switch today and get a free smartphone for each line. the best value and award-winning customer service. only at t-mobile. four, five, turn, kick. we got chased by these wild coyotes! they were following her because she had beef jerky in her pocket. (laughing) (trumpet playing) someone behind me, come on. pick that up, pick that up, right there, right there. as long as you keep making the internet an amazing place to be, we'll keep bringing you a faster, more secure, and more amazing

number that attracts 7 a stock, most bullish sentiment, largest holding, no gamestop, twitter, draftkings airline, facebook here, and so they're very aggressive saying we are not the reddit etf and push back on that and he made it a lot more complicated by bringing in dave portnoy, and what we've got here is a hall of mirrors. we have the owner of an index company, hyping an index who is himself the subject of the index so the whole post-modern conundrum where we're all in a hall of mirrors sort of staring at each other. it is an interesting question for people who want to invest in this, does social media actually indicate a direction for stock prices number one, and number two, is it an issue for regulators when you have this kind of setup? we don't know what the answer is and i'm not sure what the regulators know, either. carl, back to you. >> it's going to be a strange new chapter, bob thank you. >>> the lingering question is what powell might say today at noon, if anything different. rick san telly's got it. >> many people think it will have to do something with doing the twist but w