it should be fantastic but it's 25 times next year ebitda. i don't think it will be down next year. >> then the question is you wanted a roping trade or a stock that was really leveraged to roping, would it be a disney or something elsewhere you don't have the streaming over hang or the other side, if you wanted a streaming name, would you go with disney or a pure play >> it's a multi-level question in terms of disney, while we like the company, it's funny because this is one name that we get questions from from clients like can you put it in our portfolio. there's a beloved aspect to this name we like the hulu asset, the ad revenues on there but they are spending a lot it's about monetizing the digital assets i think there's other ways to make money to answer your first question i wouldn't invest just on that. it's about 4.5% down side. 2.6 upside on a near term basis. people aren't paying for protection right now it's a little bit complacent to get a little bit cheaper it could be a solid trade. >>> next, radio shack is getting a major face

in the u.s., you and i have had this debate on twitter and i simply think for your ebitda numbers toen adjusting for corporate overhead as you want me to do, to get to those numbers for 2022 i don't see how you would do it without a recession in the u.s i look at the revenues in las vegas and they were up 30% and i look at room rates for wynn and up 30% for 2013 over pre-pandemic and room rates for wynn up 24% in the fourth quarter over 2019. they're making money on the enterprise value and i heard you to bring it up because it's the right way to look at it, 18 billion of enterprise value. 6 billion of that is the debt value of wynn macao. i don't think wynn macao is at zero and let's just dance with that for a moment. if it is at zero, i looked at the prospectus and the 2028 for wynn macao it shows no sign that it goes back to a subsidiary and i read the 10k for wynn resorts and it doesn't indicate that it comes back to wynn resorts if wynn macao is at zero and it's a fun debate because it's a complicated capital structure and a capomplicated set of statements. >> the net debt at wy

it is trading -- ev to ebitda as opposed to our previous name at 14 so this is a great company that'sr in my opinion no good reason a great company trading at a very attractive valuation. >> all right and speaking of money, finally, oppenheimer naming coinbase a top pick for 2022 and the exchange is poised to benefit from expanding digital asset adoption as well as the rise of deflat, that's decentralized finance. it has been a roller coaster for shares since coin went public in april. they're higher today, but down nearly 20% in december, on pace for the worst month since may. mariann, is 2022 going to look better for crypto and coinbase >> you know, not if you look at the charts for coin or bitcoin, and there's over 12,000 cryptocurrencies out thereonnec are >>> everybody seems to be trying to make it mean what they want it to mean to sell their thesis. we will see where it end in 2022 bob, mariann, thank you. >> thank you for having me >>> for more on call on crypto and exchanges, oppenheimer analyst is going to join "power nt,h" next hour upex 2022 could be a record for munis acco

they're not going to be generating ebitda, positive ebitda, for another year or half a year so was 80 times sales the right multiple is 40 times or 30 times? don't know it's a function of the market and what drives the market so yes, they're good companies that's a very good company, but it's a question of where bryn's a great analyst a great portfolio manager, but time has to be on your side and we'll see how long cathie can hold on because undoubtly, if you want to perform for a period of time after massive outperformance and experienced that momentum in terms of your own fund with investors dying to get in, clambering to get in, they're also going to be the ones that pull it out. so you have to say, okay, historically, and in the future, where should these settle out in terms of valuation and then go into them. i just don't think you're there yet. >> refresh my memory, weiss. do you own unity >> no, i did for a brief period of time because i was actually doing some work on epic games, which is a private company, which does generate significant cash flow. billion dollars free cash f

amanda: you said recently between percent ebitda margin. much of that is passing on higher cost to your customers? stephan: everything that we do is high investment. our cars are packed with the newest technology. it is clear with hybridization, some costs are on top, but this is not only an issue affecting lamborghini, but all across the automotive market. i have to say, when we launched this year certain cars, which are in the highest demand, it is a car that will cost more than the future hybrids of the same. this is something which the customers really appreciate. they see what we are giving them is worth it big time. matt: that is interesting. do you think a customer is willing to pay more for a naturally aspirated v12 right now than a hybrid? do they want to lock in those gas powered cart before they are illegal? stephan: they will not be illegal, but what is clear, there is a shift also for us into hybridization. if you are producing lots of different kinds, this is creating a rush on some of those cars, but there is still time. we h

at nine times ebitda the stock is cheap and maybe a 2022 story and i'm holding on to it and i would bebling down >> how about if the funpunitive owner of wynn wanted to sell it to las vegas sands and that's why mad max is leaving i don't think mad max ever wanted the ceo job >> perhaps some would say elaine is doing that. >> she could be a seller >> there's joe joe, your shot is back >> he's still stunned. >> who took my helmet? i want to be in the game someone took my helmet >> any team in the nhl did >> you're back in the game thurmond thomas is back in the game so sometimes reflecting back on my trading career. i think sometimes the perception is worse than the reality and those are ultimately the greatest trade setups. so i think the market here in the last week has basically taken the joe frazier left hook and the rocky marciano uppercut and has not wobbled. and the market knows that it can handle both. i'm talking about. >> let's not kid ourselves here. it wobbled >> it didn't go down okay -- >> it was on the canvas. >> if you want to go and complete it and say you have a standin

is happening is -- and even royal rcl or carnival cruise where you get data points, we know by 23 ebitda will be 15% north. at least this is the guide from carnival of where it was on 2019 you're seeing this second half bookings you're seeing the 23 bookings. it is not so much around the holiday season, i think the airlines are also a slightly different story. the interesting thing for investors is that the fundamentals or the bottom up is starting to also have an impact in how you assess some of these subsectors within travel and leisure. with airlines, delta had an investor day last week, they guided that they are cutting capacity and they may see higher costs, but they truly are targeting higher yields. so you have a better sense of where the companies are coming out of all this, we have a better idea of where liquidity is the one place i believe is most interesting are the casinos and i talked about las vegas sands, which has been a sideways trade since i identified the opportunity, i think travel mobility is back i think there is a case where a company is involved in technology, the

it is 10 times ebitda, 8 times sales, a bis dig discount to snp maybe long term the growth is 20 or 25. i think they're going to give them a rerating and a $50 million buy back as support. i like the trade >> final trade, might as well roll with you, steph >> match group it is down 25% from the highs yet you are seeing record level of engagement. i think there's more to go only 25% of singles use online dating i think 2022 sets up well in terms of revenues, ebitda, m & a synergy and the like i like that name for 2022. >> sirrat? >> i like paypal it is down 50% i think it will do well going to the end of the year and next quarter. the payments group, it is a leader in the payments group >> joe t >> we spoke a bit about health care let's not forget about medical devices. one name you might look towards, edwards life sciences. >> birthday boy, last word >> yeah, reopen is the story of the day i think. mgm. they continue to buy calls they were buying them a week ago when it was 40 they're buying them now with stock at 44 or 45. >> that will do it for "halftime. "the exchange" begins right

you're talking about 40 times 2020 ebitda estimates. i just don't think this business can support that kind of valu valuation. >> guy, because we've got you back, roku, a monster move is there anything that gets maybe excited about this stock >> let mess mention, tim knows this, i think it was 1982 the police released "ghost in the machine. i've had one i got rid of it, and i'm back. everything jeff said is spot on. everything he mace on a fundamental basis cannot be at all -- this stock went from 490 from february, again in august, to 200 pretty much in a straight line you can't expect a bounce. i think there's a chance you have a 50% retracement in this name and you get it up to about 340, 345 or so you sell it there. i think people will be chasing for a while. we've seen these moves before. i think we're getting started again. >>> here's what's coming up next on the show? >> crypto ceos head to the hill as regulation looms over the space. what's next for the crypto landscape? >>> plus stretch out for this next trade we're leading int

we're trading at six times ebitda and we're generating record ebitda.just seeing the beginnings of the value of our stock and investors starting to really understand how we're differentiating our snselves in tough environment. we're going to win whether there's inflation, no growth in the u.s. or setting up our stable of brands and go to market nomodel to win in any condition. >> seems like the market agrees with you thank you for joining us today happy holidays. >> happy holidays to you thank you. >>> all right. time for a news update rahel solomon has that for us. hi. >> scott, good morning what's happening at this hour, nearly 490,000 new covid infections were reported wednesday, a one-day high for the pandemic more than 500,000 cases were recorded on monday but that included data from the holiday weekend and wednesday's numbers probably an under count because testing has slowed during the holiday and positives from at home test kits were not included. >>> jetblue does not think its covid related staff shortages will ease soon it is canceling almost

. -- ebitda 25% to 30%. that is what the market's liking, and we are hopeful, just like our anchor book, which has very strong murky investors like hsbc, goldman sachs, morgan stanley, aberdeen, etc., we hope the public will also appreciate the uniqueness that can make us the market leader in this space. juliette: we are looking at the market in geospatial data services in india. how much growth do you see, and how much do you expect to capture that, i guess, versus what kind of competition you could expect to see in this space? >> that is what is exciting. what happened is the government of india announced it is geospatial policies. they themselves have put in the number of $14 billion, as you said, by 2030, and they have restricted foreign entities from doing street view, 360-degree survey and even doing high definition and accurate mapping in 2d and 3d, citizens a great moment for the sector. it is also great for indigenous entities like ourselves as well as fast technologies around location. rishaad: how

amazon shares are trading at 1 tiles ebitda, it is slightly below the midpoint of its historical rangee think with the improving fundamentals and u.s. advertising world being robust against next year we could get multiple expansion that's why amazon is our top mega cap pick. >> coming up against some easier comps. i have to ask about the outage last week. oracle when they reported their earnings took digs at amazon for being unreliable does that kind of thing have a long term impact >> i don't think so. we have seen incredible strength at aws and we have seen incredible investment both at aws and data centers, data center growth, and also, obviously, in fulfillment growth that's one of the things we think is going to be a driver for '22 is the investment in the you will filament infrastructure they spend over $60 billion the last two years the prior five years they spent couple la five $40 billion, more than double the size of the fulfillment network. what we are going the see comps on the e-commerce side ease as we head into and get through '22 you are also going to have the prime hun

like a pull forward, though i do want to note when it came to the cable division's earnings growth ebitdaroject 7 to 8% growth that was higher than the 5% that analysts had been anticipating. even though they're seeing a slowdown in the numbers, they are seeing better than expected bottom line results. >> steve, i turn to you, you look across the names selling off today, what in the media space would you be scooping up right now? >> i am long viacom and feel if you go on a long dated chart you can see that stock went from $100 down to $40, cut in half immediately because there was a fund that had -- was forcing the liquidating. that is not a fund mental reason to be a seller of the stock. what have we learned from the streaming business, that content is king and there's a bunch of different content creators i think ultimately, even though it's taking viacom longer than the rest of the space to find either a dance partner, or real lucrative venues to show their streaming library, i think ultimately they will and they will make up that ground i don't know if it's going back to 100, but it's

, they're going to have down earnings i was looking at one analysis report where the earnings and ebitdao be flat essentially for the next three years. so the question is, is the market going to continue to pay for the stock where it is? made the decision so far given the 15% decline in the shares. that's not going to. i think we're close to the bottom in terms of dick's sporting goods, they came out and announced a big buyback last week, adding 2 billion to it the difference between the two and why i didn't sell dick's ask because they've sort of got a lot going in that market and i'm looking for a nike report. a good quarter good future sales and then i think that you'll see dick's pop off that news. because they're such an important customer and they've announced a recent partnership, which is great for dick's and points out their superiority in the space. that's the real issue with mel, if the year's going to be down, will the stocks hold up. >> liz, you're pretty pessimistic on retail. if you look at the kdata we got about black friday and cyber monday, it doesn't bode well so i thi

they generate about 47 ebitda margin they generate massive cash flow.ve lots of cash on balance sheet. at the same time, they also have the dna to go out and buy like other crypto native companies. owe look at the coinbase venture. they had open c, they had unione swab to me, it is likely that coinbase will become the buyer because of the fire power they have. >> sounds like it. final thought, quick answer please, owen what with coinbase would be the risk to your hypothesis? what could go wrong? >> i think the number one risk is still regulation. again, we hope to get the regulatory clarity we may not get there next year but it is one of the headlines we are going to see next year. >> thank you owen, clear answers, of oppenheimer. thanks for your insights today. >>> tyler, thank you still to come, we will continue to break down everything you need to know about the year ahead. first a top energy analyst on where oil and gas prices are headed aten a peek into the metaverse, wh virtual real has in store for 2022 all that when "power lunch" returns. ve the

thought it looked great i bought as it a trade trading at 46 times earnings now and about 26 times ebitdas expensive under any measure however, assuming they can execute in that and that the parks do come back and they'll be opening a third gate in anaheim, which will be helpful then you should see the stock grow into that valuation actually come down there is september fiscal year if you look towards september 2023, i think you can do well in the stock. so, right now it's a trade all that's known and i'll decide whether i'll make it a core position >> i thought you guys were all about fundamental analysis and research i got joe buys crowd and now patty martell, our senior producer just places a phone call to you and you end up buying disney. apparently it all takes with you guys. >> speaks to the power of knowledge of the behind the camera people in cnbc. >> we'll save what you just said there as quickly as you can turn as all our viewers know. we'll have john's latest unusual activity coming up next right after this >>> bank of america and mining giant announcing and bofa and newmont wi

if you want a vauks point, you are looking at the same enterprise value to ebitda value to multiple as the s&p 500, but three times to four times the return on assets so it makes sense. >> a smart name, thomas tall, owner of the steelers, he backed a company called figs, trying to change the game in medical gowns, ppe and medical equipment. stock has been rough, but you say buy on the weakness? >> there's a back story, which, of course, is the online back story. if you look at the weak restale sales number from last month people were nervous about, it was still a strong number for online retail. in online retail, just like brick and mortar two generations ago, there will be niche players who thrive along amazon. you have several like etsy and chewy. for those who don't know who they are, they make medical scrubs 85% of individuals buy their own scrubs it is a category killer. its underperformance since its ipo was punctuated by the cfo who retired a couple of weeks ago, baugh real opportunity to be invested in a category killer, particularly after a period where the brick and mortar re

have looked at a myriad of different valuation metrics including a 2025 sales target as well as 2030 ebitda, and a ten-year dcf we have to look further out to compensate for the growth. >> if you look at tesla, it did take them a decade to basically ipo and then reach the kinds of scale they are at now. from that point of view it totally makes sense. what was your nation of the information's piece that amazon had concerns about rivian's batteries. >> you know, look, all electric vehicles might not fare as well as colder weather. we think this is a known issue it's tough to know based off the one report i would assume that this is something that the company and amazon are both well aware of and working to mitigate. remember also, amazon mostly has test vehicles now, and they don't necessary lee have the final vehicles or final battery pack and final software configurations in the vehicle. we think that can change overtime i don't believe that will be a long-term impediment to the story. on the contrary, i think amends's involvement in the story is important here because rivian is really goin

understand that using traditional price earnings or book value to market cap or enterprise value to ebitda like, if you take those traditional metrics that we value corporations at, none of these stocks are buyable, right? but they never have been, and so she's looking at things on a five-year time horizon and what she's basically trying to do is own companies that have network effects and a platform where they're spending money today to make much, much more tomorrow once they've established themselves one of the things -- look, this is the type of situation where i would normally buy the dip it is the most despised corner of the market right now after having been the most loved corner of the market a year ago. one of the toughest parts about saying, you know what? i think things are too negative. i'm going to get long ark is that she has a tendency to buy headline stocks, like, if you look at what all of these companies have in common that you just rattled off, what consumes are are talking about them traders on tweter isn't talk period that them and they're in the headlines every single

longer term, by '23 they will be plus 15% to their ebitda of pre-pandemic that's the key it is not thedium term i think it is a great call tactically into monday i think investors will make money on the trade. >> gina, quick carnival thought, either on carnival or mariah carey? >> i will pass on mariah carey on carnival, i think the broad story is we have to learn to live with variants i don't think it is going away as we continue to have testing and treatment availability, all of those things are becoming more broadly available si, companies like carnival will get back to pre-pandemic highs >> let's go to amc, shares jumping thanks to your neighborhood ""spider-man"." my son saw it, says it was packed last night, the highest grossing opening night in december in its history. more than a million americans watched the movie at an amc, the highest number in two years. gina, is it more than a meme >> well, there's certainly a reopening frenzy to go back to the movie theater, but the business model generally is still challenged you know, you look at sort of what is happening with, you know

neuberger's spac it's about 15 times on an enterprise value to what they ants pailed -- anticipated ebitda next year choose been the spac route, though, to go public, $150 million pipe there, but this has been one of the phenomenon of the year, and it's not stopping. you have 23 spac opportunities, so december is running hotter. you have 591 ipos so far now coming in 2021 jim, to answer your question, 568 are seeking a deal i mean, again, it goes back to how do you chase that many opportunities, what are you willing to offer in order to get your deal done as we know, even though redemptioning can be very high, these deals still get approved. >> there are deals, no doubt >> they wanted to buy the business. >> there are good deals, that represent potential good value over time, that have good management teams, but it requires a lot of focus from the investment community with so many out there, it's -- >> i hope gensler succeed and people watching the video realize it's a racket. >>> it's one more piece from it, it's not too long, but does raise the question how his communications will evolve

investors have been looking for as many as 300,000 7% to 8% ebitda year over year, but it was the --er also came down sharply on the same thing of changes in moving patterns. perhaps a lot of people did move and they're not moving we've got to clarify exactly what's going on, but something that they think will return to normal and, therefore, will not be a long-term pressure on their ability to ability to add broadband subscribers. >> no secular decline versus my phone in watching -- >> you know, listen, for exampled wireless mobile in the home as a result of 5g has always been a question, but there's not a lot of people who believe it will be a viable competitor certainly some people may choose to only have a phone subscription, but the wireless wars on the other side of this, of course, comcast and spectrum, charter, competing very vigorously with the incumbents, using their own networks against them, by undercutting in terms of price that's been interesting to watch as well. no real winners here comcast down for the year, charter down for the year, at&t down for the year, t-mo dow

looking at the top layer of the market in tech, apple, microsofts, trading around 40 times forward ebitdaat you would consider terribly expensive given the current interest rate levels but as rates rise there's risk of contraction. even though earnings go up nex year, it really makes them less attractive right now we have the smallest allocation to a large cap tech than i can remember. it is probably less than 5% in our funds. >> what about the flows that you have been sees we talk a lot about the ark set of funds and the way they peak earlier in the year in both share price terms and flows terms. is that similar to you >> not nearly extreme as ark or others we have benefited -- all funds are still positive for the year so we have held better over the last two or three quarters which are trickier than the start to the year a lot is repositioning from the names that had a sugar high when we had covid and lockdowns and work from home teledoc is an example of a name we exited early in the year and others in the names that not only maybe benefited from build on the success and the key to next

. >>> and '24 ebitda in at $1.65 billion lower than the street account.k to you. >> interest toing. strong year and curious. thank you. >>> cnbc millionaire survey how wealthy investors view the market a look at results. >> morgan, millionaire investors turning more cautious about the economy, marx and fed compared to the spring according to the millionaire survave. polled investors with $1 million are more in investable assets. up from 19% in the spring. 41% said it would be strong. that is way down from the 65% that we showed in those results. most expect the s&p to be positive over the next 12 months but only modestly. most saying about 5% or more they expect their own personal rate of return to be 4% or better big worry right now, not surprisingly, is inflation inflation being the top risk for the economy for the first time in recent history. government dysfunction being the other top risk millennial millionaires, most bullish by age especially in crypto majority of millennials have at least half of their wealth in cryptocurrencies see how long that l

they also talk about the fact that at that price, a little less than 16 times, 21 ebitda, which is essentiallyously that would represent around a 20% premium. not that large a premium so, again, carl, we can tell you they are in talks, but we'll see if they get the call down. >> interesting, dow down 270 i think one thing that's interesting, morgan, there is a bit of shopping for reel opening names this morning six flags gets upgraded over at credit suisse to outperform. they cease the pendulum has swung too far the other way. actually the second upgrade for six flags this week. livenation is green. i think that's interesting given everything we know about omicron. amc, ticket sales for "spider-man, no way home" sets the highest opening night, which will be interesting to see if it puts a damper on movie theaters, restaurants, going out in general. >> which is something we're going to get more insight on in the next hour, with rich gelfan at imax as well, who has been inside in traffic patterns, but also striking deals on the streaming front as we continue to see some of the lines blur. yeah,

tremendous list of revenue initiatives that are going to provide a ton of value up to $1.5 billion in ebitdak to we're just not as efficient in terms of how we're running the airlines and we'll ring those costs out, i'm convinced. >> i'm counting on you. >> a lot of people are counting on us. >> we should it's southwest air not just any airline thank bob jordan, incoming ceo, gary kelly who will be on the call but your last but you're not going anywhere thank you for coming down to the new york stock exchange and seeing us on "squawk on the street." carl, back to you. >> okay. jim, we'll see you at 12:30 eastern for your special investing club event join jim for that. >>> in the meantime good thursday morning welcome to another hour of "squawk on the street. i'm carl quintanilla with morgan brennan and david faber live at post nine of the new york stock exchange stocks giving back some of the three-day rally of the past few days all sectors red except for health care, claims good and waiting for cpi tomorrow wholesale trade out a few moments ago. rick santelli has got it >> yes post sale inv

we put ourselves in sets us up great for q4 too >> some are pointing to the fact that the adjusted ebitdas actually better than expected so i take your point about the share count and related to the ipo. what's driving the double-digit growth, and what has been such a competitive market and environment for sneakers >> well, i think a lot of the backdrop has been very positive for us this year so, essentially, people casualizing their wardrobe and just, in general, the trend behind what we're doing unlocking a really thoughtful design that's for the on-the-go lifestyle is going great when people were sheltered in place, it was a tough time people bought slippers and running shoes and people didn't care what you look like. now our store traffic is recovering we have about 35 stores globally that's recovering really nicely. and our digital is just performing super well. and the team internally did a fabulous job of creating great new products right for the season and i think we set ourself up for capturing a lot of this very strong demand, particularly in the u.s. this holiday season and i d

has not happened like i thought it would i want to make issue we have businesses that have growth, ebitdanderperform on your stock. they really poured cold water on this whole optimism over u.s. legalization, said it's not going to necessarily be a panacea for the industry, not just for canadian producers, but alsoly seeing a scenario where the u.s. could try to reduce consupposition not how do you push back on that i would say legalization could happen, but as i had best, to grow into business, in canada, in europe we are in a grace place, whiskey is the fastest in regard to our beer and brand in, and we'll have in place, when legalization does have, a distribution, and ultimately, you know, we can ingest with cannabis or thc. it's been up this year, but so volatile what do you think weight is getting right or wrong snowe. >> once everybody thought legalization was happening, everybody wanted toup in it's on the -- we do not own, you know, any cannabis businesses local legalization we have a diversified business or sweetwater, we have a great brand there i think, again it's just getting

least by my math, the revenue of $59 million at a loss of 5.6 million on the basis of an adjusted ebitdar net losses in q3 were one time and primarily non-cash items related to our ipo. if you look at our gross margins, our gross margins are up 20 points from 2019 >> okay. jennifer, great to see you we do look forward to your progress it is a nas fating story thank you so much. >> thank you so much >> thanks, andrew, coming up, the biggest pre-market movers and the top stocks to watch. the futures no longer down triple digits, close, nasdaq down 53, good day yesterday. we're coming right back, plus brazilian nubank, we will talk to the ceo david velez straight ahead. stay tuned you are watching "squawk box" you are watching "squawk box" this is will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com ♪ ♪ amazing... jerry, you've got to see this. seen it. trust

if software today traded for 12 times ebitda, we would have 40 competitors.y players out of the business. ♪ paul: we are back, "bloomberg markets" special edition, simulcasting with the latest on the markets, getting a look ahead to 2022. matt, what is your twitter feed looking like right now? matt: i am getting very positive feedback on this format. i should say, i asked people to tweet me if they liked the format. i did not ask them to tweet me if they did not like the format. i should have opened it up to either opinion. anyone is free, obviously, to tweet me at any point if they have a problem, but i was just wondering what people thought of the simulcast format. someone writes in that she thinks it is better for the sake of consistency because she's watching the program, and then she has to get in her car to drive to work, she once to be hearing the same continuation of the same program, and i totally agree with that. paul: i think you are onto something. i will talk to al from jersey and see what we can do here. let's talk dealmaking. it is the end of t

i'm describing today, the corporate businesses we are taking control of, are five times, six times ebitdawhen you think about where the average merges multiple is 11, why would we be in such a hurry to go there? if we can keep buying at 5, 6, seven times, and there is low hanging fruit operationally because these businesses are troubled in some way, it sounds like a great way to invest. so we don't see ourselves in a hurry. we don't see ourselves in a hurry to go by at 11 times e bitda. >> some in your industry are buying spac's. do you have any interest? >> why bother? [laughter] i think what you are hearing from me is we are not a supermarket. we are not like, this is the flavor. i've got one of those flavors for you. ♪ matt: welcome back to "bloomberg markets." this is a special edition simulcast with paul sweeney out of new york and me, matt miller come out of berlin. we are both on bloomberg radio and television. thank you for joining us on this wednesday. earlier today, i was on "bloomberg surveillance," and we got to talk a little bit about tesla after elon musk sold another $1 bil