ebay and etsy. these are great companies. the choice is more about preferences.st over 15 times estimates. even as 15% earnings growth. i like that. etsy is a growth story, although they're up against tough comparisons in the next couple quarters after that, its long term prospects are fantastic. bottom line, it's a whole new category, and i like it. it's a bull market category, second-hand, but in this market, you need to be selective in your stock picking which is why i prefer poshmark if you want the smaller high growth. ebay if you care about value, and etsy if you have the patience to stick with one of the great long-term groelth stories. tom in massachusetts, tom. >> caller: boo-yah >> thank you for all the great work you do, you're amazing. i feel like you're three steps ahead of everyone. >> you're very kind. very kind. >> caller: and we really appreciate it out here so my question, jim, is about lowe's, versus home depot. lowe's has 1970 stores home depot has 2300 stores hd has a little bigger yield but what impresses me about the depot is they just anno

the biggest drop since may of last year take a look apt other online retailsers, threadup, wrayfair, etsy dropping more than 7% does a move in amazon send a warning signal about the consumer maybe even the overall market dan, you have an epic threat on twitter today? >> it was really interesting we were talking for amazon most of 2020. even in the throws of the sale e sell-off in member/march 2020 it went down%% peak to trough it made a new high quickly and closed up 50%. the sales pulled forward a lot of behavior. they obviously accelerated a lot of behavior. that was great for amazon. but that long consolidation we've seen since september of 2020 kindly was telling you that 2021 was going to look a little different in going forward in the droet structure. again, i think it's gynefine ins range. maybe you see it toward the 3,000 range, that was the dove-ish bottom level. sarahizeen eisen said we had h sales that weren't that great, consumer confident so this might be a precursor for the backout. >> when you see the 3269 levels, 200-day move, average. the june low was 172 we feed to take

etsy, you can look at that one, i'd say that's a bruise here for etsy. ebay, overstock, they are all moving lower. etsy's down 8%, ebay down 6.8, overstock down 3.6%. by the way, we are about to get ceo jonathan johnson's reaction to amazon's warning and his plan to beat shoppers' return to the real world by leaning on team zero, his crypto business. stay tuned for that in just a few minutes. we've got to show pinterest, getting iced out on this friday. bad session here. the at-home surge comes to an end, losing 18.8% right now. the social media company shed 20 million active users in the second quarter, that's a 5% drop. pinterest confirms right now the downward trend in it u.s. business is showing no signs of letting up with 'em monthly active users down 7% through july. but no bitter aftertaste for blue apron investors at this hour. with less than two trading sessions until the meal kit maker crack canned open its second quarter cookbook, investors feel like eating up shares right now. 9.5% to the upside, not bad. >>> could meme stock mania's favorite trading platform be in need o

games for etsy. -- gains for etsy. there is 20 percent sales growth for the group.berg. ♪ caroline: jeff bezos taking a little break from his 3fkd8trip to idaho.ttrit&c@j the world's richest man arrived alongside his girlfriend, that is loretta sanchez. he stepped down as amazon's ceo earlier this week. not before richard branson takes his spaceflight. make sure you tune in this morning when you're not watching the broadcast. instacart has announced that they will take over as the ceo. she replaces the founder who becomes executive chairman. she also leaves behind the title having been the head of a facebook social networking app. he will take over as the new head of the social networking app. first and foremost, was it a surprise that she was leaving? >> she seemed to be well-liked. she is running the main social network and she has only been in that job for about two years. in that sense, it is a little surprising. on the other hand, she is known climbing the ladder, she has been there a decade. she has had so many important jobs inside of facebook. she reached to

etsy dwek joining us now off the back of that.about the financial markets, your perspective on where we are with the virus. seems to be assents within financial markets it is in the rearview mirror, that we can focus on the reopening, that it can be managed, that while cases rise, hospitalizations are not. is that a correct way of looking at things? etsy: for now it does seem to be. when you look at the u.k. as an example, uc the -- you see the link between cases and hospitalizations has been broken by the vaccinations, and little willingness of policymakers to have renewed lockdowns. at the moment it does look like it is the right way of looking at things. we have vaccinations, which is the best way to fight the pandemic. even in the hospital we are better at protecting people. we know with almost certainty the u.s. is not going to go into renewed lockdowns. very difficult to impose on the population. in europe we know governments are planning for a fourth wave or how to manage that in the fall. so far, unless hospitalizations st

one of the things you like about etsy is that 48% of the workforce and 50% of the board are female, all the highest in the technology sector targets to ensure 50% or more suppliers are owned by women, minorities or veterans by 2022 that explains why that one is in there. now talk to me a little bit, and then i want to get to, john, your picks talk to me about why gm is an esg company, a leader. >> general motors, i know. my dad was a cadillac driver his entire life. he would be quite happy that i own this company i'm telling you, general motors, i think, has come a long way both in terms of its fundamental strategy focused on electronic vehicles, and they are serious and aggressive about shifting in that direction and also shift to go rely on renewable energy in the manufacturing of those vehicles we spent a lot of time with the company understanding where their emissions are coming from, whether it's scope one, two or three, and they seem to have a very solid plan for emissions reduction over time. >> i apologize for interrupting so much. >> they have a female ceo. it doesn't stop ther

. >> people say, how can they go up against e-pop which is now owned by etsy. or realreal.e're a community-based model. loyal buyers and sellers that allow us to have long legs we created a simple partnership with our sellers, 20% we take, 80% they keep and that has allowed us to not change our commissions for almost ten years now, very different than most marketplaces which keep tacking fees ours is simple clean partnership and that's why sellers are loyal and so are shoppers. >> let's talk about sellers. my daughter, sometimes, dad, i don't 0 bother me, i'm selling things on poshmark as if it's a business but i think it is a business >> it is it is, people start by selling a few items out of their closet and then slowly discover their superpower which is selling merchandising the items they held my daughter helped some of my wife's friends sell their items then they start to discover that superpower and go sourcing, thrifting and then they start to create these closets people have seven-figure businesses. >> what? so they have people who literally started with their garag

. >>> shares of etsy also lower and poised to snap an 11-day win streak after closing out their best november. up 25% in june powered by big acquisitions the brazilian based company. etsy shares down 3%. >>> over to rahel solomon for the news update. >> here's what's happening at this hour. in florida, president joe biden and jill biden thanking first responders for their efforts to find survivors in the rubble of the collapsed condo building the president introducing himself as jill's husband while greeting the group >>> gretchen whitmer announcing a $5 million lottery to encourage people to get vaccinated daily winners and college scholarships for kids 12 to 17 >>> mask wearing hasn't only been slowing the spread of covid. it reduces cases of other illnesses. so then what happens as more and more people hang up their mask and get back to normal we'll explain how the flu can make a comeback and former fda commissioner scott gottlieb will have the latest on the delta variant. that's tonight on "the news. >>> robinhood's ipo filing has just come out. it gives us a lot of information a

townsend ruled that no federal court had jurisdiction over an act that occurred on a foreign vessel etsyl prosecution of the africans. thompson referred the admiralty case concerning trade and property questions to the u.s. district court for connecticut. the amenities fate now depended upon a court proceeding that revolved around the question of their status as property, rather than any accusation of wrongdoing. in the district court, the crew of the navy washington ship and the people who traded with the man in yorkshire submitted rival claims for salvage rewards. both parties asserted that the manatee were slaves and should be considered part of the armistead's cargo. planes for recovery of the property was submitted by the planters who had purchased amenity and by the heirs of the boy antonio's own. the u.s. attorney, william submitted to different claims in anticipation of two possible decisions of the court. if the court determined that them in the were slaves and the property of spanish planters, the federal government's attorney asserted that they should be delivered to agents of

he means your etsy are better known as barbecue, says the president's assassination is an outrage. he's accusing opposition party. the last name is evan elmore. you thousands of people have gathered in bosnia and herzegovina to commemorate the 1995 temperance alaska. to bury 19 newly identified victims of the genocide. more than 8000 most was when men and boys were killed around 70 during the bosnian war. while those are the headlines, i'll be back with more news here on out of era after the stream. they will frank assessments, eastern arguments, the suggestions and the by the ministrations in a long game. it's very much of a warm embrace. iran nuclear deal because of us domestic politics, informed opinions, schools and shelters have been reduced to rubble. how do you think this shapes a generation and they have politics in their life has been shaped by vitamin the in depth analysis of the days. global headlines inside story on our jazeera. ah hi, i'm, i me. okay, welcome to the bonus edition of the stream. now you get to watch the stream every day of the week. hash tag. you're wel

through with pintrest here >> getting beyond the core of looking for stuff on the home page think about etsy that captured that powerful gez demographic. >> i think pintrest has been slowly building these tools to be easier to buy things. they have these shopible pins. not a lot of talk about marchd a but how the ability can drive that advising and how much the shopping really has to be the idea of the youtube following these creators and do they need to have the home decor stars selling product. is it about content and/or is it more brands. you have the home decor stars partnering with the brands and the big cluster of retail advertising in this new way. this is an area that pintrest has been investing in and they can push further without having to make an acquisition >> i wonder if this is the tiktokification of so much creating short but highly impactful videos that drive people to act or do something or create commerce. i wonder if pin rest is seeing the same thing and how do we take this trend and put our own spin on it >> with you, i would say this is a chicken and egg situation. is pi

other stay-at-home stocks like peloton, chewy, etsy all higher by 6%, at least chewy and peloton. either etsy is up this is the familiar stay-at-home trade that we thought was over it's nice to be peloton is up 6% today. >> rethinking going to the gym. >>> the dow having its worst day in months. bob my sani is here on the floor of the stock exchange. >> we've been down 900 points since essentially 1:00 p.m the markets and the people have assumed that the virus is going away, but the virus has not. you see it on the payment processes, concerns about perhaps people going out a bit less >> the hotels and the restaurants, like darden, all week no real bounce, northerly to bes, we had an opec agreement, but still high beta names all down 4%, 5%. all lower as well. banks, what can do you with a 1.2% ten-year yield? we've been weaker for the last couple months, the transports, for example, have been weaker. the one thing i would point out, guys, remember the s&p 500 is still up 13 march this years, a 2% down day. this is one of the better years we've had, even in this tremendous run of p

it all starts with the strange scene today, trump speaks from a podium he created from etsy to look candidly like the presidential podium. >>> what did you do to stop the insurrection as some people call it and why were you not able to stop it? >> that whole event, unfortunate event went through congress and a record was issued and my name was not even mentioned. >> an unfortunate event like apparently trump thinks it was the insurrection when in fact it was him and the "time" does mention trump's name, more than 40 times. this company and cfo indicted on 15 counts. joining me now is melissa murray and our correspondent joan walsh. professor murray, i am going to start with you. this is important to do this reset every single day. when i talk to people who don't do this for a living they're like how much trouble is donald trump in? so can you lay out to the audience again with investigations into the cfo, with information about them keeping two sets of books. how much trouble will donald trump be in if he's anyone other than donald trump? >> a damming picture. this is a person that managed t

zoom and teledoc around 6% etsy has shed 5% doordash is down 3%.ued crash down more than 50% over the last two months that drop starting to show up in stocks with the wo-o-o-d or wood etf now down 8%. and thec---u---t washington, d.c., and new details with the senate democrat plan to legalize marijuana ylan mui joins us with the details there. what can you tell us, ylan >> reporter: top senate democrats will unveil new proposal for legalization and tax action at the federal level. this will direct the u.s. attorney general to declassify it within 60 days of passage that will clear the way for the businesses to have access to the banking system the proposal would establish 21 as a legal age to buy marijuana in keeping with the trend in state laws but producing cannabis could come at a cost. the plan calls for a 10% excise tax for the first year of legalization climbs to 25% after five years and after that the tax is calculated according to weight and concentration but would equal 25% of the market rate of cannabis growers would get a break on the fi

etsy from the smiles on their -- you could see from the smiles on their faces.hat's what she is going to do going forward. emily: virgin galactic ceo right there. we will have a lot more about the future of space travel over the next couple of weeks and later in the show. of course, we have bezos's launch coming up as well. coming up, we have covid cases surging in the u.s., and a new side effect tied to the johnson & johnson vaccine. we will have all the details. and gains for disney after its latest release, "black widow," scored the highest grossing debut for a film since the onset of the pandemic. the newest marvel picture talk in $80 million in north american theater ticket sales and more than $60 million globally from fans paying $30 to watch at home. this is bloomberg. ♪ >> there are parts of america that are 40% vaccinated, and those are the parts that are now seeing not only an increase in cases but an increase in hospitalizations. it is like, here we go again. it is really important to be vaccinated there, but more generally it reflects a big problem w

he can sell paintings on etsy for $40. that's what they are worth. not $500,000.he equivalent of him coming out and saying i am going to be a 51-year-old white rap star and i am charging $200,000 to perform at this hedge fund managers arbor day party. >> greg: practicing a lot in the bathroom. joe, what do you think of the art in general? >> joe: i've seen wallpaper that i thought was better than that. hunter biden is the only person i don't blame. seems like whenever he gets a job, he starts at the top, which is pretty cool. spending half a million dollars on a hunter biden high school caliber flower painting is laughing ludicrous. no offense to people who had sex with my favorite rapper. >> greg: eighth grade school painting. this is what kids did. you have kids, brian? >> brian: as far as i know. >> greg: he blows the paint as opposed to snorting it. it's what kids did before laugh time. >> brian: finger painting or blowing. whatever makes you happier. it's amazing. hunter biden was in the news twice this week. first for his paintings. everyone agrees they shou

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he can sell paintings on etsy for $40. that's what they are worth. not $500,000. this is literally the equivalent of him coming out and saying i am going to be a 51-year-old white rap star and i am charging $200,000 to perform at this hedge fund managers arbor day party. >> greg: practicing a lot in the bathroom. joe, what do you think of the art in general? >> joe: i've seen wallpaper that i thought was better than that. hunter biden is the only person i don't blame. seems like whenever he gets a job, he starts at the top, which is pretty cool. spending half a million dollars on a hunter biden high school caliber flower painting is laughing ludicrous. no offense to people who had sex with my favorite rapper. >> greg: eighth grade school painting. this is what kids did. you have kids, brian? >> brian: as far as i know. >> greg: he blows the paint as opposed to snorting it. it's what kids did before laugh time. >> brian: finger painting or blowing. whatever makes you happier. it's amazing. hunter biden was in the news twice this week. first for his paintings. every

it just doesn't fly anymore in a world of amazon, ebay, etsy. it is a relic.t is a relic? yes, it's a relic from post prohibition, they are trying to make the 21st amendment argument here this is something from the 1930s, not from the 2020s. i absolutely agree. one of the things i will agree, they agreed on this vote in tennessee, it had a two year residency requirement that was justice alito with a strong opinion. i think that's what's going to happen again in this case. >> mike: from the complaint, rhode island is a small market for wine and many rare wines that are distributed in other states. they are not stocked or sold by rhode island's retailers, but are readily available from retailers located in connecticut, new york, and california who will shift and delivered to states where it is lawful to do so. the rich, what about that? >> that is the argument. and the argument will win. let's be clear. the distributors and wind delays in the state have this strong lobby and they don't want other distributors and dealers to deliver end. when you don't go to the

very inexpensive etsy and i think you should continue to own it and thanks for the nice calls, ann, i know you got the rest of the wynn, keep reading my bulletins at action alert and we'll make sense of it today was a bad day to be a short seller of high quality names like amd and boeing but, boy, was it a day of celebration who owned them not so good for those who short the losers of which there are loser, i'm sorry, shorting winners and they're losers sometimes they take it personally and many times i know that's wrong because it's strictly business. on "mad money" tonight, wingstop is flying into new york city that's right could be a strategy by a winner. winner, winner, chicken dinner i'm talking with the ceo and a big week for earnings and i'm reviewing the biggest tech reports and sharing what you need to know what you heard and with supply chains under pressure around the globe i'm talking to one under the radar player helping to automate the process. they're the conductor of the factory floor. don't miss my sit-down with rockwell and stay with cramer. >> announcer: don't miss

improvement on the expense side at the end of the year, and you know, relative to like a d pot like etsyhad pitched this it's lower than where my fast pitch was. i don't remember if i was unbreak my heart or if i had the time of my life, but it's down since then i've been buying a lot of stock. and i really, really like the story of the real real i think there's a lot of upside here >> gras sew, i know you've been on the site a few times, you're familiar with this thing what do you make of the business here, what do you make of the stock? >> i do like it. i agree with karen, and i do agree that luxury brands take that next domino down. luxury brands are undervalued and i'm still in capri, although i did sell some stock recently capri probably could make another run here, and it does have those luxury brands, not only the michael kors, 2.9 billion, guy's favorite, jimmy choo, tim's favorite, versace. i think that the luxury brands are under value, and i think you're going to reap the benefit ifs you buy capri at or around these levels. >> i think grasso nailed it when it comes to assignin

this idea that people are going to be sitting at home and playing with digital designs or -- look at etsyus to me that one peaked we're not going to be doing arts and crafts anymore i put these in the same basket as, like, peloton. i don't think the companies are doing anything wrong i actually don't think they can do anything differently. pinterest reported negative -- negative -- monthly average user that's not because pinterest all of a sudden is not a good service. it's because people have less of an interest in that. and you're going to see that in a lot of different stocks like this so, i really do think people need to reconsider, like, what aspects of 2020 will never be repeated again and so, you know, we'll see. this probably won't be the worst of them because pinterest was a popular service prior to the pandemic but, for me, technically it's -- there doesn't appear to be any logical place to want to step in and buy it wll tack a quick break. we'll come back. we will do final trades next nk f a pair of goggles can help your backhand get better... yeah! ...then your bank should hel

amazon, six-week low pins two-month low, and a little pit of a negative halo on etsy and ebay this morningorth watching all of these, of course amazon being the main one as you see down almost 8%. you know, potentially going to earn less and spend more i guess that's the simplest way to put it. and carl, it's been just an extraordinary week of earnings from these enormous companies. i know i've come back to it many times, apple had 36%, i think it was top-line growth. facebook was 56%, alphabet 57% constant currency. amazon still, what, 27%, and microsoft 21%. those numbers are just almost inconceivable for companies of this size. the five companies i just mentioned, what do they add up to in market value, i can't even doe do 2, $8 trillion. almost all of them except alphabet have lost market cap this week because of the overall belief that, well, can you right lane replicate those kinds of numbers? it does speak and reflect what, morgan has been the increased -- the acceleration of digitization i guess is the best way to put it that we've seen over the last year, and the beneficiaries of

ebay down 6%, etsy down 7%, wayfair off 8%. >> strong growth across the beauty and healthcare businessest the helm, will transition to executive chairman jon moeller will take his place, which is kind of an undramatic announcement, because moellor was considered to be the heir apparent -- completely rejiggered the business. a lot of analysts today, are looking at the stocks saying p & g has clearly proven that all the measures in place have achieved growth, what do you do with that stock? but you're 100% right when you talk about leadership, i'm okay with a little ho-hum transition to the ceo we have enough in the market to keep us busy so i feel to have someone that's been within the procter & gamble family as long as joe has, and the ability and understanding of what the strategic vision of that business is going to be, we'll see some consistency even some of the spaces where procter & gamble maybe disappointed, if you will, you'll see that continue to come back risk-adjusted returns you will receive. >> what about the group in general? consumer staples are still up. inual a 2% gain, t

it all starts with the strange scene today, trump speaks from a podium he created from etsy to look candidly

. >>> let's take a look at this weeks's top performer, amd, nvidia also on the list, and etsy, what dod crafts company in brooklyn, you remember a few years ago, $25 billion. 25 billion - [announcer] dearest pizzerias, oh, guardians of the pie. - ooh! - [announcer] thanks for making every slice worth torching the roof of our mouths. - hiya there- - [announcer] if you're a serving late, so are we. (pleasant orchestral music) (bike rattling) i'm evie's best camper badge. but even i'm not as memorable as eating turkey hill chocolate chip cookie dough creamy premium ice cream and chasing fireflies. don't worry about me. i'm fine. you can't beat turkey hill memories. >>> good friday morning and welcome to another hour of "squawk on the street," i'm david faber with morgan brennan and mark santoli, we are here at the new york stock exchange, carl has the morning off, let's give you a look at markets half hour into trading coming off the jobs number, better than expected, and there you can see the s&p, and the nasdaq, both having strong days, following of course what has been a relatively str

you're seeing an explosion of creativity which created marketplaces where people are everything from etsyple can offer creativity in the world. >> fascinating time to be investing in these new platforms and networks reid hoffman, always great to get your insight into the future we appreciate you talking to us today. back over to you. >> julia boorstin, thank you, out in sun valley, idaho with reid hoffman ahead, saquon barkeley with his energy drink maker x2 and when he'll be able to hit the field again after suffering a serious knee knowledgery last season >> hard settler sales is slowing llwn, but one firm is making a ca on boston beer. we'll have details later on "closing bell. and all the ways schwab can help me invest. this is andy reminding me how i can keep my investing costs low and that there's no fee to work with him. here's me learning about schwab's satisfaction guarantee. accountability, i like it. so, yeah. andy and i made a good plan. find your own andy at schwab. a modern approach to wealth management. >>> it is time now for cnbc news update with shepard smith. hi, shep. >