the uniqueness of the platform and shrewd management of the ceo josh silverman made etsy the amazon ofted goods it's a must for a generation of wall avoiders. netflix had a swan dive you wouldn't wish on your worst enemy falling from $700 to $162 in the lows in may in part because the market turned against growth stocks but mainly because its growth really did slow dramatically. more verecently, managed to jum start the stock and rallied 34%. netflix never deserved really to be traded. you know that? as is the case with so many stocks, the pendulum swings brutally i'm optimistic it keeps turning in this one as long as they don't botch advertising launch, i don't think they will. some numbers are as high as $600 million they could bring in. that would be a total needle mover. i look at these and wonder, i never told you about the jim's none better pickle labels i bought from etsy they said -- she told me i was one of the best of the none better pickle people finally, there is the s&p fifth best performer, bio gen up over 30% related to the anti alzheimer's drug we owner ely lily. i have

. >> etsy and wayfair, your take >> etsy, being a buy makes a lot of sense it's an interesting companyyou go to buy homemade pot holders but huge brand equity and loyalty. this makes sense to me wayfair is a neutral you know, i don't know how they're going to grow ebitda, earnings, profit, from where they're at right now. >> final pair, kraft headlines and p&g. brian said ketchup and swifers summarize this one. >> i want to be long any company that makes the stuff i have to buy or sells the stuff i have to buy. p&g a little bit more expensive with a 21 p/e, but i still want to be opening a company that's going to do well when it comes to managing profit margins kraft hines all the sense in the world. a bargain in the staples space and a company that makes the stuff you have to buy. >> scott, quickly before we let you go, i feel like we ate the appetizer and ditched on the check. your take on the lael brainard about lack of liquidity. seems like a big deal. no >> i'm with melissa. i want to hear the context of what she said and the context of the question and was it asking about a parti

etsy falling i

my top five stocks are etsy, trade desk ttd, chipotle mexican grill, cmg, adeebo and amcl, bi jim, amed like bobby? >> that was one my favorite quart quart quarterbacks he's making fun of me. that guy looked like the start of the bear. the bear, that really cool show. you probably didn't watch it i liked it so trade desk. some people think you must own this this is a company that does organized advertising on the web. it really a good company chipotle we know that one of my favorites. let that stock come in and buy it a real co-mmodity. it makes money but lily valuable we'll stick with it. etsy is an alternative to the brick and mortar retail and i've loved it forever and adobe is ae company. we've got -- we unfortunately we have four companies here that are linked to tech, four all on line and that's too much first we'll add a financial company. we'll take morgan stanley because it's got that nice yield and it can handle a downside we know that we have a retailer we can't need a retailer we have a restaurant we don't need that i actually want to add something a little controversial i

critical infrastructure armed with dangers nuclear rhetoric. reports in finished newspaper, ill tell etsy states that the sources for its story work in the foreign unsecured, the policy industry. and as a new government bill will allow nato to bring nuclear weapons to the countries, territory villains remained a neutral countries since the end of world war 2 and has maintained a critical stance towards nuclear weapons. it was also one of the 1st countries to sign you must treaties, limiting the spread of nuclear and other weapons of mass destruction. well ag, nita norberg, director of the global network against weapons and nuclear power in space. claims that the u. s. is heavily involved in the decision has been and has always been against such weapons. i think that this mo, the is, it comes from the united states of america, or the, we were not even allowed to assign the, treating. to abolish nuclear weapons. this is horrifying. sweden has been one and even thin land have been most against nuclear weapons. i am not sure that it is sweden, actually, because this is hidden and never discus

is miss etsy, does i have to admit i cried a little when i left altura, but it was a lovely time especially towards a end as a finding in oh, emma started playing football. i just 4 years old. her family never expected it to become a career, but they soon saw she was brimming with both talent and determination. oh, ron tal visor, hampton. there were some hard moments which she also used half wanted because she powered through. she said, i want to make it over. i want to prove to them that i've got what it takes us is just like to to walk that she did signing a professional contract with cologne. despite never playing for their youth teams as the youngest player in the senior squad. she'll have to be patient, but emma has already impressed her coach and them will develop emma cautiously. but we wanted her training with the 1st team because we believe she has the talent and that the training will help her progress planning definitely more. emma lots as has already exceeded expectations, but she's only getting started. as for yesterday it was some other sports stories taking place around the w

etsy saw its biggest drop since june of this year.ing at amplify etf, kind of a pastor -- basket of e-commerce stocks and gig economy stocks, at one point a really deep 3% drop, but it pulled that back to close .3% lower. there's also a question about crime day two. you see amazon on the right-hand side of that chart, the big drop following the cpi print. it clawed its way back, but we are starting to hear noises about how that event went. they said 100 million plus items were ordered from partners. what does that even mean? they are not giving us a dollar value. we are not getting a sense of size and scope. we have that third-party data which basically showed consumers were cautious. they spent less money on much cheater -- cheaper items than perhaps they did in previous windows. i know that's not the picture amazon painted on our show this week, but sons are it was not as strong as perhaps we thought it would be and it was not that much greater than any other day for prime. emily: thank you. i want to stick to the markets but from a

at one point, etsy closed down 9%.ing at i buy or amplify etf ibuy which is e-commerce stocks and gig economy stocks. it had a 3% drop but it came back to close 0.3% lower. there is also concern about prime day to. they said 100 million plus items were ordered from partners in crime early access. what does that even mean? they aren't giving us a dollar value. we are getting a size and scope of how this october did relative to the last window. we had that data that showed consumers were cautious, they spent less money on much cheaper items than they did in previous windows. i know that's not the picture that amazon painted in our show this week but the signs are it was not as strong as we thought it would be and it wasn't that much greater than any other date for prime. real focus on the consumer especially in the context of inflation. emily: thank you. i want to stick to the markets. but from private perspective. we have been talking about the venture capital slow down and now there is new data to support that. pitch b

etsy is off 7%. in technology, we are tracking developments with netflix.overed that last half-hour. they are rate rollout at the start of next month an ad supported offering to appease those who are interested in lower prices and give a revenue boost. we will see how it plays out. $6.99 is the plan pricing in the united states. and we have earnings from netflix not too long from now, so they have plenty to talk about with wall street over the next couple of weeks. >> one of the things that wall street is talking about is the inflation of work and that is partially the commodity story. saudi arabia has accused other countries to into million barrel reduction cut from last week. that was after the biden administration provided analysis saying there was no market basis for a production cut. the saudi foreign ministry in response said that the government of the kingdom of saudi arabia would first like to ask less -- express his rejection of statements not based on facts and on base with opec's decision out of its economic context. they went on to say that the

and then on wednesday, etsy and yum and then we get reports from paypal and conoco phillips on fridaywhich is seen as the biggest factor that influences markets. let's bring in tiffany mcghee. tiffany, there is no shortage of catalysts. what is most important to you this week? >> dom, you said it. you should be my intro every single time. everybody is watching the fed this week. in addition to -- listen, consensus is the fed will raise rates 75 basis points. i'm paying attention to the forward guidance the fed has been very clear that they want inflation at that 2% target the fed, of course, watches pce and we all watch cpi, of course. those are lagging indicators the current indicators are signaling the prices are starting to decline. commodities prices are coming down housing prices as well it takes a while for declining prices to reflect in pce or cpi whether they will start tapering back those hikes >> tiffany, tiffany, i'll stop you for a second we have a limited amount of time if that is the case, is this a market you can buy would you feel comfortable doing so or do you have to

etsy dropping 10% and in beyond meat shares slightly higher at reports of new job cuts as demand cools now to netflix, the shares jump 5% after announcing details of the ad supported tier which will include 15 to 30 second commercials, $6.99 a month and $3 less than hbo version. so does netflix just win the latest round of the streaming wars tim? >> well i think they've changed the conversation whether they've won anything i don't know if you listen to the street, you've had a chance to react jp morgan said this could be 3 billion in incremental by 26 and this could be 4 million new subs by '23 i think it is no longer about stagnant or sub contraction which has been the story of netflix for about a year i think it is about where we're getting incremental. we have not heard the solution to the password sharing dynamic. it is -- netflix is like tesla when things are going great, nobody cared and everybody said they had great content now people are where is the great content in netflix and it is about what kind of opinion they're going to throw up. are they pulling back here but i'm long

that's why etsy works. it's anti chtransactional. how about video? are people liking your videos?a great one, as well, jim we talked about our video consumption on the platforms 10 on the platform and video content up three times and so we're really finding good progress on video. additionally, i'd say we've really refined our approach on content overall as we've learned more about what videos work well for users and as i talked about the differences in our platform, in terms of being a positive place, having intent, we see that on the creative side of things, as well. creators are a core pillar of the content strategy and finding a different way to engage here, as well in that they like it as a positive place they liked it as a place they're not getting shouted down they also like it as a place with intent and they can engage in different ways with users, they're not just on the tread fill for the next view and video that will be transiett and has more content whether that's their affiliate link or blog post so we really made good progress on that and broadening the aperture into

etsy falling in sympathy information technology is your best performing sector right now. it's being led by the semiconductors and a big surge in intel stock off earnings. the nasdaq comp of almost 3%, so a big comeback day for big tech. the nasdaq is higher for the week small caps up 2% it comes in the face of weak earnings, amazon, but also higher treasury yields 10-year back above 4%, the dollar stronger. look at amazon and apple moving in opposite directions on earnings we'll talk more about those moves and where the opportunities are for the stock straight ahead >>> also on show today, we'll talk to british businessman and industry titan sir martin sorrel about elon musk's completed deal for twitter and how changes to content will affect advertisers. "the market dashboard" with mark santoli. the swings are ginormous >> and more remarkable is you have tremendous declines in some of the biggest market caps settle apple aside, yet the overall tape has had some followthrough buying the hallmark of this month has been the market's ability to rally on bad news. remember, th

overall health of the market, the laggards are lumen down 3.11% pg&e, norwegian cruise line, carnival, etsy it's a kind of sample right now with what we're seeing with regard to the real laggards. remember, many of these stocks have seen real volatility around the changing narrative around the economy right now. >>> let's get to your morning's big money mover. shares of twitter are surging after elon musk's decision to reverse course and decision to buy the company. twitter says musk plans to close that purchase at his original offering price of $54.20 sources tell cnbc that deal could happen as soon as friday that agreement follows months of legal drama as musk tried to back out of his initial agreement with both sides set to go to trial in just a matter of two weeks. and the deal likely proving to be beneficial for some big named investors. "the wall street journal" reporting carl icahn amassed a stake in twitter worth more than $5 million in the past few months other investors like dan loeb, also placed shares in recent months let's bring in a cnbc contributor and author of "power play,"

a gut check on a name that has had a brutal 2022 along with the rest of growth tech that would be etsy goldman now says that it likes the name at these levels, initiates as buy at a price target of 130. the stock has lost about hatch its value since the start of the year and that upgrade, not helping today, still down 1 1/2%, john. >> yeah, the contient moderation back in the spotlight. after a list of prohibited activities to include promoting misinformation saying it could result in a fine from pay pal, up to $2,500 after backlash, the company said it was an error to release that policy, but not before former president david marcus and elon musk had shots at their former company. and kanye west posting anti-semiticcontent on instagram and twitter, getting him locked off both platforms. let's take a look with casey newton pay pal says they're going to fine people for misinformation, oops, that was misinformation. that wasn't what we intended to say. that's kind of ridiculous, isn't it >> yeah, look, this is a really strange one, right, usually by the time language like that shows up i

. >> stephen: you bought a horse on etsy! from zappos! free delivery?tty. she's mine. >> stephen: sure. >> i got cash from the a.t.m. i literally give it to this woman. it was a big rush. >> stephen: that's a cheap horse. you got cash from an a.t.m. with-- "do you take quarters? can i pay you in camel cash." >> she was in a rush to sell this horse because there was a high demand for her. >> stephen: yes, when something is of high demand you're really eager to get rid of it for a really low price. that's how economics works. go ahead. yes, go ahead. she certainly is beautiful. >> it made a whole lot of sense. anyway, i got her back to the barn. she was crazy. i think they drugged her when i met her. it was just-- yeah. >> stephen: you had a drugged horse? >> no, no, it had worn off by the time she got to the barn so she was off the walls. >> stephen: a wild horse. >> i don't think she had been ridden much. >> stephen: what's the relationship like? >> we've grown. we've really grown. i got a trainer for her. don't worry, horse people, i didn't try to trai

. >> speaking of, check out shares of etsy, still the worst performer in the s&p 500 you don't want toat, frank. you don't want to be the worst performer. >> i don't think you do. >> we'll be right back lcome to . i'm sam morrison, my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors the garcia's, love working with you. because the advice we give is personalized. hey john reese, jr. how's your father doing? to help reach your goals with confidence. my sister told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. we planned well for retirement, but i wish we had more cash. they have no idea they're sitting on a goldmine. well they don't realize that if you have a life insurance policy of $100,000 or more, you can sell all or part of it to coventry for cash. even a term policy. we've got to tell them! hey, guys! you're sitting on a goldmine! do you hear that? i don't hear a

also amazon and tesla which hit its lowest level since june of 2021 etsy is the biggest laggard in themerce names fall sharply. watch interest rates watch discretionary trade, david. i'll send it back downtown to you folks at the stock exchange. >> okay. dom, thank you. >>> throughout hispanic heritage month we are celebrating our cnbc team mates and contributors >> reporter: i am a second generation mexican american. i was born in el paso, texas which sits on the u.s./mexican border as a national security reporter for cnbc i bring a different perspective in terms of immigration issues, border security, and the elections that are going to shape our country my advice to young latinos would be to embrace the spirit of our culture which is hard working, vibrant, empathetic and to also keep up with your spanish. the way data trending it will only become more important it is a key. onsp my reoors - oh, the stock market is doing that fun thing again. news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet invest

. >> this is the second one i've seen, and pinterest, uniquely, chose to be like etsy was initially,hich is almost anti-commercial. now, they're getting the ads when you go to pinterest and they'll be, like, i don't know, david, something for, what do you do, needlepoint? you're a needlepoint guy, right? >> i don't do needlepoint. >> i don't do anything there's a whole page for people who do nothing people who do nothing, it's got things for you to buy. >> i don't even do that. i just sit inert >> it's got things for you to do nothing with but pinterest has not been able to monetize anything, because they've chosen not to. they were too pure for monetization >> they were not -- were not chest beaters, as they said, when they went public. >> when you do that -- i think the metaverse, by the way, the struggle with the metaverse is that we're not in it, and when you listen to what nvidia has to say about their omniverse, they have been industrial applications they do not have the kind of -- what we necessarily want >> we will be eventually we'll be in the metaverse. >> yeah, but eventua

then you have e-commerce plays keep an eye on what's happening with etsy and wayfair.because of that. and speaking of goldman sachs, some interesting notes coming from their macro team on the current state of the market and what some of the money flows are showing about market sentiment right now. interesting parts of these notes, you mentioned some of the stats around the market right now and the average fund and performance for mutuals. through the third quarter, they say that the u.s. 60/40 stock bond portfolio is down 21% for the second worst year on record. the s&p 500 down 24%, fourth worst year on record, going back to 1900. and then check this out, treasuries down 17%. worst year on record right now stocks and bonds getting clobbered together a lot of folks dealing with that by the way, this is the interesting part they are seeing $89 billion worth of money market inflows from retail investors. what could that signal about sentiment or capitulation? that's the largest inflow to a cash vehicle since april 8th of 2020 and bonds saw their second biggest outflow, d