, what about this one, courtney >> etsy, i have a sell on.e same point here, a high valuation company, trades about 36 times next year's earnings, mump more than the markets. the problem is we're also facing a consumer right now which is facing higher inflation, and they're having to choose on what they're purchasing right now instead of buying goods, which is what etsy sells, they're going to service it. think of going to a restaurant, they are pulling back on discretionary spending, which e etsy is going to be prone to >>> shall we move on to the next one, and that one is alibaba you know what i want to do one of these days, i want to do alibaba, and o'reilly auto parts. be that as it may, alibaba, what do you think >> that's going to be harder to compare. alibaba, i have a buy on here. they have been facing big head winds, number one is the zero covid policy in china, finally getting light at the end of the tunnel in. the regulatory scrutiny has been a big problem for them just told, we saw with ant groups raising money which just got appr

since then, pinterest have roared while etsy and chewy have come in.because they're focused on profitable growth if you have to ask me what my favorite would be at this very moment, it is still etsy because i like the fact they picked up new people and didn't lose them while many retailers are struggling, there are higher quality ones that have terrific online operations. take ulta beauty something on my app that broke out above $500 for the first time over this week for pulling back a few bucks that's been hated every dollar of the way. that's my people particularly hedge fund managers lululemon fits the bill even though the stock did get hammered the guidance was discouraging. the kind of stock that does get cheaper on the way down and lulu came down from $386 to $312. $312 i'm a believer. nike has an excellent direct to consumer business phenomenal more importantly, i delivered a magnificent quarter, huge top and bottom line beat and you better believe it will get better they have gigantic chinese exposure and a good deal with the ministry of sports

people like to shop at etsy. people discovered etsy during the pandemic, they stayed.e bullet on what's not working target, brick and mortar, ryan cornell, a lot of people feel he's become the goat of the game, not g.o.a.t., greatest of all time, but the actual goat. it's at 27 times next year's earnings i would prefer tjx, because they buy the stuff that target doesn't want, and there's always a -- i remember my dad sold gift wrap, and he always would come home in january and kind of sit around, sometimes in his boxers, doing nothing, drinking the cheap scotch he liked wild turkey it's like, nothing happens january is the month where nobody gives anything. i remember him saying, jimmy, if there was only some holiday in january, if only hallmark would come up with something we need one. and we have martin luither king, but that's a day of service. and i just remembered that you don't buy retail during january. we used to go to these big malls in january on weekends so that he would show me no one would go into any store it's tough to do brick and mortar it's not tough

. >> all right and next tweet asks, how bullish are you guys on etsy carter, how bullish are you on etsyay very bullish. textbook bearish to bullish reversal buy >> wow, i wouldn't have guessed that one time for one more tweet, this one asks why is vix below 19 going into the fed meeting seems way too low. mike, do you agree >> damn right i agree. it is amazing. we could easily be surprised by the fmoc right now you could buy a 30 delta one month put for about 1% of the underlier and we were below that level just about a week ago. so why not >> all right and it is time for the final call last call from the options pits. carter braxton worth, what do you say? >> buying the dollar uup is the etf to get you done >> brian >> google, i still like it ahead of earnings. cheap on the upside. >> mike khouw. >> and i love that question we got. options premiums have come in quite a lot. we have big news coming up, a lot of earnings on deck. i think it makes sense >> that does it for us we'll see you next friday 5:30 for another show don't go anywhere, "mad money" starts right now - [announcer] the

etsy i prefer over amazon.ionary anything to do with leisure, travel, restaurants, hotels, casinos. those are seeing spending, increased spending this year. there is something at least forecasts people are still willing to pay much more even with inflation headwinds. that is when your safest bet going into this year. liz: today notwithstanding, we had the situation with faa grounding so many flights. if you picked an air carrier, whether u.s. or foreign, what would it be? >> foreign, ryanair. again not only increased talf of china opening. again you've got that nice additional euro-dollar and reopening within europe that is also a benefit to it. but, within the u.s., united is also one of the bigger winners for today. you know -- mishaps for your benefits as those airlines are another area looking really good for this year. liz: very close to session highs. dow jones industrials popping up in the last minute. brand new high. 258 and climbing. nasdaq up 185. s&p powering 48. cpi tomorrow. would you do anything a

. >> our next tweet asks, how bullish are you guys on etsy >> carter, how bullish are you >> i wouldlish. large long textbook bearish to bullish reversal buy >> i wouldn't have guessed that one. time for another tweet this one asks, why is vix below 19 going into -- mike, do you agree? >> damn right, i agree it's amazing we could easily be surprised i'm talking about like february 24 weekly 397 puts we were below that level just about a week ago, so why not >> all right it is time for the final call. last call from the options desk. carter braxton worth, what do you say? >> buying the dollar uup is the etf. >> brian stetland? >> google. tell like it ahead of earnings next week. make it cheap to own the upside. >> mike khouw. >> i love that question we got options premiums have come in quite a lot. big news, i think buying puts makes sense. >> that does it for us see you next friday 5:30 p.m. eastern time for another show. don' >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help

meta and etsy severely hit last year gold miners not doing nearly as badly.ld fortunes reverse themselves in 2023 we'll ask the traders. "fast money" back in two at adp, we use data-driven insights to design hr solutions to provide flexible pay options and greater workforce visibility today, so you can have more success tomorrow. ♪ one thing leads to another, yeah, yeah ♪ >>> welcome back to "fast money. we are back with a trader triple play digging into three of today's big stock movers up first, meta jumping 2%. stifel naming the top pick, saying shares should rebound as privacy concerns ease. dan? >> maybe they ease if you took the name off the guy likes to play this game, you say this is one of the best looking charts in the entire market. if you look at it on a two-year basis, looks like it's consolidating and looks like it's just going to explode i'd probably want to wait and see what the full year guidance is going to be in a couple of weeks. and on valuation and a whole host of metrics they can control like expenses, this could be a very unique story.

wild ones, the eating all the wild food they able to put together is either workflow and the gift of etsy. we don't always have it available. so we have to use what's available to it, to try and mimic a similar dial eats, fixes mic cause have been flying around the catching a wilderness in ne, brazil for several weeks now will be introduced. the animals 1st have to get used to their new found freedom. they come whenever they hear cromwell purchases quad feeding time. we have this day back. the animals are supposed to be becoming less used to people. these birds have never been in a while before. there's been no 6 in the wild for more than 22 years, so we need to teach them. we don't want them to stop. and we don't want them to be weak and stressed about not having enough food and in vulnerable. so we make sure that they have food available, and they are healthy while they find the wild food. this fixes mic. cars are like celebrities. people from neighboring areas want to see the birds. only older residents can recall the time before they died out in the wild. people like 84 year old and u

check out what's happening with etsy and amazon.com.r, with expedia. watch the travel names and discretionary. now, carl, back to you folks at the new york stock exchange. >>> coming up on "tech check," the dow making a sharp reversal. among the dow top names, intel, salesforce, disney, llfaing by 40%. don't go anywhere. to adapt in the changing world, you could hire a professor of theoretical mathematics. we all know this equation, right? he'd crunched numbers day and night. that's it. to maximize profitability. morning. i have quarterly numbers that are beautiful. and forecast revenue from every corner of your organization. is that important? or you could use workday. the finance hr and planning system that helps cfos make better decisions faster. for a solve problems like a genius world. workday. for a changing world. >>> welcome back ftx back in delaware bankruptcy court this morning big potential rulings on the tape kate rooney joins us there >> the latest ruling for ftx is in a court this morning. the judge saying that the crypto

elon musk does not have an etsy store and jeff bezo does not self stuff on facebook marketplace, we do. to track every american citizen, the type of massive surveillance the government would have to to do is unacceptable. kennedy: that would force people instead of using things to like venmo or zelle to use cold hard cash so government is not snooping on every transaction it is easy to reimburse someone for $600. if you are splitting something like a vacation or you know a gra graduation gift, i don't think that irs should be privy to all of that information and all of that money. is there a chance to work with democrats in either house or congress to at least reform the irs? if not get rid of it. >> you know what, i hate to say this, i have not run into a lot of democrats that don't want to tax everyone that moves. i really don't know that they will get onboard of any type -- for any type of reform of the irs or reform of our tax code, american citizens don't like paying taxes, i'm not encouraging people to not pay them, they should pay lawfully. kennedy: absolutely and a vast majorit

poultry farms, even airbnb and etsy it was $600.re than $600 in income on any of these sites, that was going - >> if i'm an airbnb owner and i rent my apartment out for $2,500 >> it was going to be reported to the irs now, you owe tax on that anyway. >> anyway, yeah. >> but a lot of people, you know, it's an honor system and we know how that works a lot of people were not reporting it the irs said we are going to hold off on this because it created a lot of confusion and we know the irs is already inundated with problems right now just dealing with its own returns. to any transition this year will still be subject to this rule when they start next year. it's all been delayed. it hasn't been eliminated but delayed by a year. >> yeah. i think the confusion is also partly around what do people do now? does the delay they are coming for me that's where i think the confusion -- >> here's what you do now. if you have a business transaction, in other words, if you sell something for more than you paid for it or it's a service that you prov

thas that's the kind of rates that etsy or amazon would buy. >> here's what i'm worried about when iterce. their margins this earnings season with all of the extreme holiday discounting that we saw and their labor costs still high, is that priced in? or are investors gauche to get surprised by that over the next two quarter snz. >> when it comes to labor costs when we're talking about e-commerce, those costs have come down significantly. they have their investor day, i spoke to their ceo last year, a year ago, they had to pay big premiums to get workers in their fulfillment centers. this year it's gone away and he believes the wages are not only going down, but they'll continue to go down >> not all worker salaries have gone down. >> certainly not >> they're still pretty high along with everything else, that's going to put some pressure on. >> directly for fulfillment and warehousing, those prices have gone down, but things like website development, those have gone up. wicks upgraded on the thought we'll continue to see demand, also for websites for events and experiences. a lot of pe

take etsy which is great, shopify, pinterest, and chewy. the comeback kids i call them.en way fair is down where it was trading before the pandemic, maybe it's not too late to do buying this was a $90 stock before covid hit. it's now at $59. telling you to pay up for anything that soared more than 50% in two days. way fair is a better story when the facts change, i change my mind and the facts have changed. a very right thing to go negative on way fair in late 2021 the stock is e viserated since then and no path to profit profitability. that's no longer the case. those cost cuts are massive. that said, if you like this one, i actually think you get a better buying opportunity. when you see this monster move in a short period of time. there is a good chance much of it is driven by short covering people betting against way fair have to buy back the stock to close the positions which send shares higher. plus even if you're genius with the estimates way fair is far from cheap the two analysts double upgraded they expect it to earn 67 cents per share. that's incredibly bullis

prevents like twitter or etsy being responsible for content they post because they're platforms, not this alleges that they used it to as the algorithm actively recommended propaganda and therefore bears responsibility in those deaths. the case is critical because of the precedent it will set. are google and other sites still entitled to protections 230? google argues it undercuts internet. google says sites would be forced to over block, hurt expression and leave the communities of. you're left with overly curated sites or ones flooded with objectionable content. those believe section 230 does not account for the power they wields, and needs to be revised. they remove content when it suits them without consequence. for example the twitter files reveal thousand how the government worked with social media companies on censorship. the supreme court hears the case next month. this is a hot button issue. certainly will not be the last we see of it. elizabeth: thank you, kelly o'grady. great reporting. we have breaking news. bring in former acting u.s. attorney general matthew whitaker. g

a new law -- he sells at work on his etsy page.when retirement account holders have to start taking money out of their accounts. the age for mandatory distributions rose from 72 to 73 years old, giving people more time to have their money grow. another change included starts next year. employers will be allowed to contribute to retirement accounts of employees who are making student loan payments, even if those employees cannot contribute any money themselves. kumasi: inflation reduction act increased the tax credit for making energy efficient improvements to their home. homeowners can save up to $400 a year by switching to led or switching to solar panels that will get you 30% back in tax credits, and more rebates are expected to roll out this year. reggie: sonoma county is expected to reopen a trail after it was close to clear an encampment and remove health hazards. the trail is an 8.5 mile stretch connecting santa rosa. you are looking at video from the summer when that same area was cleared. our media partners say multiple non

amazon and etsy both up about 4% and 6% and you can see about expedia and booking holdings, positive driving trade there. and then one place to keep a close eye on, it has been a lightning rod of the stock given the fallout from f tchttx coin base shares are up fractionally speaking. it did though earlier get downgraded by analysts from bank of america they also cut their target price to 35 bucks. it was 50. they think that their revenue estimates are now below street consensus for a number of different reasons. but still coinbase still trying to find its way right now after a really tough year even with the volatility day to day that we've seen, it still lost about 82% of its value the last year hence any massive move is still coming off the low base. back over to you >> dom, thanks and speaking of cryptos, ftx telling a bankruptcy judge they have recovered at least $5 billion of liquid assets including cash, crypto and securities something, but still leaves a $3 billion hole for more on the efforts to regulate crypto, let's welcome back jim himes of connecticut. good to have you ba

etsy up 5%. crocs up 6%. burlington up 2%. i don't know if the fed likes this or not, but i do.'m liking some lvmh. oh, you mean the stockings. [laughter] never mind. charles, thank you very much. color us green as we kick off the final hour o

he sells the artwork on his etsy page. 49ers super fans getting pumped for the game and the possibilityl. kumasi: gloria rodriguez spoke with two men in san francisco who you have to meet. gloria: we know there are so many 49er fans in the bay area. these to take their love to a whole new level. check it out. >> niner gang! gloria: they made this show their love for the 49ers. one is an artist and made papier-mÂchÉ heads of two of the biggest niner players in history, jerry rice and joe montana. you can see the san francisco residents who sometimes paraded around town with them. they are ready for this weekend's game as the san francisco 49ers take on the philadelphia eagles in the nfc conference championships. >> just like henry, i will watch every single game, no matter where i am, even if i'm not in town, i will find somewhere to watch the game. gloria: both claim to be the biggest 49er fan. you can see they like to dance and just really enjoy the game. both also predicting the 49ers will make it to the super bowl, and of course, they are saying they are going to win. who knows, jobi

key fight surrounding what's known as section 230, so for context it prevents sites like twitter or etsythat you or i post because they are platforms not editors. this suit challenges that. it's alleging that you tube help ed turn viewers into the terrorists that committed the 2015 isis attack in paris. it argues the algorithm actively recommended propaganda and therefore bears responsibility in those deaths. the case is becoming critical because of the precedent it will set so our google and other sites still entitled to the protections provided bisection 230? google argues altering would undercut the internet. "without section 230, some websites will be forced to over diabetes block and impede access to information, limit free expression, hurt the economy and leave consumers more vulnerable to harmful online content" so the concern is you're left with overly curated sites or ones flooded with objectionable content but many believe section 230 does not account for the power of these sites and needs to be revised. >> content moderation is something that we need. the standards should be t

percent and nasdaq leading the charge at more than 1 1/2% notching its fourth straight day of gains etsy, up more than 6% today along with airbnb. >>> china, after three years they're re-opening borders saying good-bye to its zero covid policy will this easing and unleashing of the chinese consumer help bolster the economy around the world? let's bring in leland miller great to have you with us. >> thank you. >> this is a consumer that has effectively been locked in for a few years now. we were locked in for a year plus and got unleashed and spent all sorts of money so how do you think about what this will do to not only chinese gdp but also to other countries that rely on china, you know, as trade partners >> well, there are two potentially very different stories, you know, you've had terrible data, growth data, every other data for 2022 so as covid zero has ended and the economy reactivates you'll see a bounce in everything china cyclical bounceback so you're going to see people traveling again, spending again, you'll see investment spending again. temporarily but you'll see consumers

top of the list on the 500 is target up again, etsy, estee lauder, tractor supply is on there too. nasdaq, jd.com, merck, move on, check the 10-year treasury please it is at 3.46% today. i call that fairly bullish when it's below 3.5%. the price of, yes, gold hit 1,900 bucks an ounce finally, 1,907. bitcoin, just a fraction below 19,000 bucks a coin. that's a rally this week. the price of oil up $78 a barrel , nat gas doing nothing at 3.56 down 3%. the ample price for a gallon of regular gas is 3.28 actually went up one cent overnight, not much, diesel study at 4.61. coming up, the white house stone walled reporters when grill ed over biden's classified documents. roll it. >> i would refer to the department of justice or my colleagues in the counsel's office but again i'm just not going to go beyond what the president said. i'm not going to go beyond what the president said. again, i'm just not going to go into the particulars or the specifics of what the department of justice did. stuart: all right not much transparencies there. here is a headline for you. the disorganized gop and

montgomery sells his artwork on his etsy page but it's never about the money. >> it's to touch peoples'sanyone do anything handwritten, so that makes it that much more special. >> with this latest word art complete, he only hopes he can get to a new piece in february, with a roster signifying the niners sixth super bowl title and another. . championship for the bay area >> i feel like the bay area form is home bandit would be nice to kind of represent the area where i grew up and the cities that i lived in, and represent them in my artwork so i think it would be pretty cool. >> dustin dorsey, abc7news. liz: the big weekend this weekend. what's the weather going to? be like tomorrow for the game? lisa: tomorrow looks pretty good, it will be called there and here as well, where a quote front is going to push into the bay area. it's all about the fog right now. downtown san francisco will see highs today below average in the mid-50's. the fog is going to clear but visibility down to a quarter of a mile in spots so be careful out there. we will talk about a little bit of rain for your sunday

and for some background, see, etsy is the same kind of chinese defense contractor that makes a lot of the surveillance systems in xinjiang. so the same surveillance systems in zeitoun that were used to spot leaders were actually used to pick out people of interest to the city. police in hangzhou itself. and these would be like criminal fugitives or it would be drug pushers that they had their faces on the list. generally, people that you don't want to see on the streets anyway. so systems like these are very attractive, but let me maybe, perhaps talk a little bit about the law and order unit that i visited, and we had an open president access to i found a district in hangzhou in which the hangzhou chengguan and the channel one are like junior varsity police in china. they are essentially making useful things, right? like littering violent, that sort of stuff. yeah. yeah. so they're not in charge of arresting criminals, but what they're in charge of is keeping the streets clean. no trash piles or there's like a car illegally parked on the sidewalk or a street hawk without a license. it

and for some background, see, etsy is the same kind of chinese defense contractor that makes a lot of the surveillance systems in xinjiang. so the same surveillance systems in zeitoun that were used to spot leaders were actually used to pick out people of interest to the city. police in hangzhou itself. and these would be like criminal fugitives or it would be drug pushers that they had their faces on the list. generally, people that you don't want to see on the streets anyway. so systems like these are very attractive, but let me maybe, perhaps talk a little bit about the law and order unit that i visited, and we had an open president access to i found a district in hangzhou in which the hangzhou chengguan and the channel one are like junior varsity police in china. they are essentially making useful things, right? like littering violent, that sort of stuff. yeah. yeah. so they're not in charge of arresting criminals, but what they're in charge of is keeping the streets clean. no trash piles or there's like a car illegally parked on the sidewalk or a street hawk without a license. it

so whether you have an sba growth accelerator in your town, a small business to melt etsi cetera, a women's business center, a veterans business outreach center, score chapters, or this community navigators, we want to make sure sba is here to support you. in fact, we are seating uxo the ridge right now many of you will seek out of growth accelerator program as we launch through february open competition to fund more accelerators around the country. mayors are natural fit to strengthen local innovation ecosystems. you know the stakeholders. you can gather and convene the stakeholders across many different sectors that can build this institutional ecosystem that can support entrepreneurship. the bottom line all of the sba's programs are there designed to fill gaps, 2-d risk the marketplace for investment for capital and make sure smallv businesses can survive and thrive. h we have to fill those gaps to create huge inefficiencies in the marketplace come morgan stanley estimates the cost to our economy at 4.4 trillion and underinvestment entrepreneurs come to spot this is done by women and peo

tesla is down 9% it was down 10% a moment ago etsy is down 5%. also on that list >>> retailers expecting a tough year ahead as they try to keep clearing excessive inventory and face recession fears early spending data from the holiday season saw sales increase from last year. our next guest predicts while retail sales decelerate, they won't fall to great recession levels joining us is david baker to talk through how to deal with this space, michael. the retail stocks, consumer discretionary, have not been performing particularly well in anticipation of a slowdown from the consumer do you think 2023 will be different? >> well, we're actually a little more positive on stocks than we are on the consumer. the xrt actually has been a pretty good place to be over the last six months. different than the xly consumer discretionary, that index, of course, includes tesla, which has been dragging it down. the xrt, more the big box retail space, has actually been pretty good it's outperformed in four of the last six months, and the back half of the year it d

door we can do that everything that's in the strip malls that you don't go to because you're busy on etsywhat'd i say jay, please get better covid. can we admit the guy's not well right now? but you have to have layoffs, david. now, am i rooting for layoffs? do i want that no have you ever been fired >> no. >> it's awful. >> no. i haven't. >> i got fired >> there's still time. there is still time. >> i was like a union leader i was a shop steward i got fired. i've been fired a lot. i have to tell you, it was never satisfying but we have to have more -- i mean, i'm not -- it's not fun. >> i get it. carl -- >> google hasn't even fired. they were still hiring >> alphabet hired. now they're finally -- they hired, what, 3,900 people? >> they're laying off 200 people >> we did have a turn in the market overall we heard from mike wilson, as you know, who has been dead right. talking about the fact that, you know, there's something very underappreciated right now, he feels, which is the reversal in terms of inflation and the impact that's going to have on earnings that he says is institutional cl

etsy has done a good job of holding on to pandemic era customers.ver weight wells is worried about the potential for a sustained period of comp weakness comp store sales weakness in general merchandise. you can see target shares off by about 1.8% stay tuned you're watching "squawk box. and this is cnbc >>> welcome back to "squawk box. ftx founder sam bankman-fried pleading not guilty. a trial date set for early october. in 2022, it left the crypto industry with a black eye, but there are still plenty of believers out there. according to bernstein, if history is an indication, crypto prices will rally exponentially when the current winter isover others are bullish on the technology, underlying digital securities, and that includes our next guest bob diamond, the former ceo of barclays, a spac to buy circle, i want to talk about that as well at a time when a lot of people are skeptical and perhaps even more skeptical, you are more b bullish? >> in terms of the economy, andrew, the markets? >> i was going to start with this idea of crypto, bob, just in