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Nov 29, 2020
11/20
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FBC
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in the travel business by expedia and others like that, is the new model of individuals working fromand is something going to take off? >> i do, if you ask our suppliers in the cruise lines, the hotels and resorts, they will tell you, this is where the action is that this model is outperforming the rest of the market especially during this year. gerry: as you look at travel has taken a huge hit over the last nine months, we are hoping the vaccines come along early next year, middle of next year, what you see are we going to return to normal, will people go crazy and travel everywhere or are they going to be more cautious? >> first of all we have lost $464 billion in the travel industry, 50 billion of that is tax revenue to the government but it is not as bad as some would have you believe, the reports are exaggerated, there are more people traveling this holiday season than we would've ever predicted and in fact were only slightly down over last year and from her own research, the research that i'm reading, the agreement not only will the market return but were looking at a travel bo
in the travel business by expedia and others like that, is the new model of individuals working fromand is something going to take off? >> i do, if you ask our suppliers in the cruise lines, the hotels and resorts, they will tell you, this is where the action is that this model is outperforming the rest of the market especially during this year. gerry: as you look at travel has taken a huge hit over the last nine months, we are hoping the vaccines come along early next year, middle of...
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Nov 9, 2020
11/20
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KNTV
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the platform for booking.com and expedia left data exposed for millions of guests on an amazon web servicesortal. the files day as far back as 2013 and include names, credit card details, i.d. numbers and reservation details. it's not clear how long the data was left exposed or accessed by anyone. marcus and laura, back over to you. >> never like hearing that. leslie, thank you. >>> thanks so much. working to make sure you're insured. next, the important cover california deadline and when you can start signing up for coverage. >>> plus, increase in covid cases in los angeles county and the growing new concerns over a possible second wave. trelegy for copd. ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze drifting on by you know how i feel. ♪ ♪ it's a new dawn... if you've been taking copd sitting down, it's time to make a stand. start a new day with trelegy. no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy
the platform for booking.com and expedia left data exposed for millions of guests on an amazon web servicesortal. the files day as far back as 2013 and include names, credit card details, i.d. numbers and reservation details. it's not clear how long the data was left exposed or accessed by anyone. marcus and laura, back over to you. >> never like hearing that. leslie, thank you. >>> thanks so much. working to make sure you're insured. next, the important cover california deadline...
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Nov 4, 2020
11/20
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CNBC
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also rivalry between expedia, booking and air b and b. expedia is higher after hours.of a percent. >> up next we will discuss how the fed and the fight for the white house could impact the market tomorrow. at calvert, we know responsible investing is hard. if you're concerned about the environment and climate change, how do you find companies that are driving the right outcomes? if you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities? for nearly 40 years, calvert has delivered competitive returns by investing in companies making a difference because we see value in doing good. talk to your financial advisor about investing responsibly with calvert. tathat selling carsarvana,isor 100% online wouldn't work.ibly but we went to work. building an experience that lets you shop over 17,000 cars from home. creating a coast to coast network to deliver your car as soon as tomorrow. recruiting an army of customer advocates to make your experience incredible. and putting you in control of the whole thing with
also rivalry between expedia, booking and air b and b. expedia is higher after hours.of a percent. >> up next we will discuss how the fed and the fight for the white house could impact the market tomorrow. at calvert, we know responsible investing is hard. if you're concerned about the environment and climate change, how do you find companies that are driving the right outcomes? if you care about economic equality and social justice, which firms are addressing it in their workplaces and...
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Nov 16, 2020
11/20
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CNBC
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is actually up 16% so you can see here some of the positivity in certain pars rife nation and expedia, meanwhile the cruise lines and airlines still have a long way to go to play catchup in a covid recovery and if you're banking on an economic recovery why don't we check out the banks yes, pun intended, zion up 5.5% and syncrony financials up, citigroup and american express up 3%. a very good day for the financials see if it sticks around for the value trades back over to you. >> dom, appreciate it. if we can hold the gains overall the dow on pace for its first record close since february. the stay-at-home names are telling off once again like they did after monday's vaccine names. zoom, is peloton, teladca and shopify. sell them why you can or will the markets change its mind tomorrow let's bring in chief strategist at clock tower group and a strategist with jpmorgan asset management credit suites suisse is getting more cautious and morgan stanley raising their price targets. what's justifiable to you here >> the combination of vaccine use and just general human descentization where
is actually up 16% so you can see here some of the positivity in certain pars rife nation and expedia, meanwhile the cruise lines and airlines still have a long way to go to play catchup in a covid recovery and if you're banking on an economic recovery why don't we check out the banks yes, pun intended, zion up 5.5% and syncrony financials up, citigroup and american express up 3%. a very good day for the financials see if it sticks around for the value trades back over to you. >> dom,...
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Nov 10, 2020
11/20
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CNBC
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i think buying expedia at 120 a share is very different from bying it at 60 a share 120 days ago. >> can you give me a sense of what sort of renewed optimism you may feel about united and how that speaks to the airline trade more broadly, but, jim sons alaska, dealtia things like that >> i think the airline industry, the front lien workers, the executives running those airlines in the face of massive political pressure have done an incredible job at transforming an industry and getting needed medical workers and others, family members around the country during an extraordinarily difficult time and so, you know, hats off to every single one of these airlines my 84-year-old mother flew united out here a couple weeks ago and flew back. i'm so impressed at what they've done when you look at the airline industry relative to something, say, the cruise line industry or relative to an online travel history, i think there's a temptation to look at the old stock charts and say where were these stocks trading last never? i'm going to mack a the problem with that analysis these airlines have tak
i think buying expedia at 120 a share is very different from bying it at 60 a share 120 days ago. >> can you give me a sense of what sort of renewed optimism you may feel about united and how that speaks to the airline trade more broadly, but, jim sons alaska, dealtia things like that >> i think the airline industry, the front lien workers, the executives running those airlines in the face of massive political pressure have done an incredible job at transforming an industry and...
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Nov 17, 2020
11/20
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KRON
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the hamptons new york, those were all topping the list expedia says americans spent this year exploring small-town scenic drives nearby lakes and beaches and even their own backyard because of the pandemic well w w which used to be weight watchers has launched its my ww plus program focusing on helping users increase their activity achieve better sleep a voice stress eating this comes at a time when some americans remain distressed over the pandemic. >>and as cases surge in the cold weather approaches more people are forced to say inside instead of going outside that may disrupt their exercise routine and tesla stock is up more than 12% here today after the s and p will be adding it to its s and p 500 index that starts on december 21st. so is added to that it automatically gets bought by a lot of investment fund managers and pension funds. so this test the rally today makes a long bus. the 3rd richest person in the world just surpass mark zuckerberg live from new york, i'm jane king back to you gary, how nice for them thank you jane. >>still ahead on the kron 00:00am morning news plans
the hamptons new york, those were all topping the list expedia says americans spent this year exploring small-town scenic drives nearby lakes and beaches and even their own backyard because of the pandemic well w w which used to be weight watchers has launched its my ww plus program focusing on helping users increase their activity achieve better sleep a voice stress eating this comes at a time when some americans remain distressed over the pandemic. >>and as cases surge in the cold...
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Nov 9, 2020
11/20
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KNTV
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multiple tech outlets reporting that prestige software, behind hotel.com and booking.com and expedia left data exposed for millions of guests. more after the break. >>> welcome back. new video of a highly anticipated birth in the netherlands has rhino watchers happy. get this. the pregnancy lasted 480 days! caretakers say they have not no chance to see if the baby is a male or female. the second castle she has given to and the other one was three years ago. the third time a black rhino has been born in the netherlands. black or hooked lip rhinos had critically endangered. >> take a look at the snow in the sierra in lake tahoe. they got 9 inches of snow. every inch is important as they will forward to the ski season. >>> you said earlier this morning they had single digits there? >> yes. the snow making is sticking too. we will have chilly weather in the bay area throughout the week. only looking at highs in the 60s and morning temperatures in the thir 30s and 40s. >>> the governor is speaking at noon and we will stream that live for you. make your holidays happen...at ross! surprise!
multiple tech outlets reporting that prestige software, behind hotel.com and booking.com and expedia left data exposed for millions of guests. more after the break. >>> welcome back. new video of a highly anticipated birth in the netherlands has rhino watchers happy. get this. the pregnancy lasted 480 days! caretakers say they have not no chance to see if the baby is a male or female. the second castle she has given to and the other one was three years ago. the third time a black rhino...
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Nov 17, 2020
11/20
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BLOOMBERG
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that otheready see stocks in its group such as booking holdings and expedia have all had some very strongng as the market is anticipating the improvement in results for all of these companies once we get beyond the at-home phase and everyone gets out to traveling and booking. as airbnb went through this restructuring, they pulled back on a lot of experimental things. hotels, flights. they are still working on experiences. the ceo said it is very much going back to home and apartment sharing. is it as exciting a company and big of a growth prospect without all those bells and whistles? or is it perhaps a better company without those? we think that without the bells and whistles, the company will have a better focus. there is no reason they cannot get back on the growth trajectory and expand further in ing business internationally. took about a 20% share of the rental market. the existing market, very good opportunity. obviously, you want to expand in an efficient way. we expect this company to be fullfocused and not to be than around so much with investments that may not make sense. airbnb
that otheready see stocks in its group such as booking holdings and expedia have all had some very strongng as the market is anticipating the improvement in results for all of these companies once we get beyond the at-home phase and everyone gets out to traveling and booking. as airbnb went through this restructuring, they pulled back on a lot of experimental things. hotels, flights. they are still working on experiences. the ceo said it is very much going back to home and apartment sharing. is...
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Nov 10, 2020
11/20
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BLOOMBERG
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microsoft, amazon, starbucks of expedia. you name those businesses that are headquartered here.made a big difference in fighting the virus. we saw immediately that there was an impact on small businesses and workers. we need washington, d.c. to act quickly to support small businesses. if we can do the two things together to get the virus under control and have the small business supports that we need, we can do this as a country and come back stronger than ever. there is only so much cities can do by themselves. emily: how concerned are you about the next 70 days in particular? of power is whencult alone, let alone the person holding that power refuses to give it up. does that uncertainty concerning u.s. the leader of a major city in this country? mayor durkan: i think the uncertainty is bad for all of america. it concerns me because the president does wield a lot of power and that transition of government is who america is, having a peaceful transition after having a vote. at the same time, i have a lot of confidence in the resilience of american democracy. president-elect bide
microsoft, amazon, starbucks of expedia. you name those businesses that are headquartered here.made a big difference in fighting the virus. we saw immediately that there was an impact on small businesses and workers. we need washington, d.c. to act quickly to support small businesses. if we can do the two things together to get the virus under control and have the small business supports that we need, we can do this as a country and come back stronger than ever. there is only so much cities can...
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Nov 16, 2020
11/20
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CNBC
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expedia and bookings holding are up as well trip adviser up a penny.e is a big deal and we could see a flood of deals. we're all waiting for it, airbnb we'll expect the big deals coming up on "power lunch. lunch. the already hot 2020 ipo market is about to heat up even further in final few weeks year. 184 ipos have already raised more than $63 billion. that's the second highest total in a decade according to renaissance capital. airbnb could file as soon as this week. it is expected to go public sometime in december the global rental lodging site currently valued at around $18 billion. with us now, the head of research at manhattan venture partners an early investor in airbnb. it is good to have you my understanding there was some urgency on airbnb's part related to employee stock options expiring in order to get this out the door is there another explanation that would tell you why it needs to be done before year en. other than that, i think the company was ready. they wanted to do it lost year it got pushed out for one reason or the other that's defi
expedia and bookings holding are up as well trip adviser up a penny.e is a big deal and we could see a flood of deals. we're all waiting for it, airbnb we'll expect the big deals coming up on "power lunch. lunch. the already hot 2020 ipo market is about to heat up even further in final few weeks year. 184 ipos have already raised more than $63 billion. that's the second highest total in a decade according to renaissance capital. airbnb could file as soon as this week. it is expected to go...
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Nov 23, 2020
11/20
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BLOOMBERG
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that is hurting names like avis marriott hotels, expedia, as an adjunct to the reopening play, we are positive on that. you also mentioned value accretion. they had perfect liquidity or not, whether they were investment-grade or not. one of our favorite names, dxc communications, is trading at 5.5 earnings power looking when you're out. they have an investment-grade balance sheet. they shrunk the amount of gross debt they had. right even the rotation away from stay-at-home names back toward things that clearly have duration but also highly attractive business models and strong cash fundamentals, we are excited about that. been a management change, and he has done a phenomenal job there. to ask youanted about the distributors. substantially on the news that amazon would get into it. was that warranted? can amazon really compete with those companies of the world, do they want to? larry: the important point is they didn't say that they were competing. amazon is to be respected as one of the most phenomenal companies we have seen across verticals. what they announced was, for long-term pr
that is hurting names like avis marriott hotels, expedia, as an adjunct to the reopening play, we are positive on that. you also mentioned value accretion. they had perfect liquidity or not, whether they were investment-grade or not. one of our favorite names, dxc communications, is trading at 5.5 earnings power looking when you're out. they have an investment-grade balance sheet. they shrunk the amount of gross debt they had. right even the rotation away from stay-at-home names back toward...
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Nov 12, 2020
11/20
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CNBC
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like shopify, amazon, ali baba, etsy but peloton and travel and transportation names like uber, expe expediatip advisor you don't have over concentrations in large market caps like alibaba and amazon and some of the smaller pure play names have been some of our best performers amazon is number 22 in terms of our holdings we've got some definitely stay-at-home and shop-at-home plays but we have reopening exposure with travel and transportation names as well >> vanek has a retail that is a 25 largest market cap weighted out there and that's done surprisingly well and up about 30% and includes amazon and walmart and target as well todd >> that's right. there's a couple of ways to play this you mentioned vaneck investigateors, it includes not only amazon from the online side of ledgers but walmart and target are holders onln is a pro shares product, which is also doing well this year, heavy weighting within not only amazon but alibaba. smaller stakes in some of the other companies. it depends on what you want and what is going to drive future performance. >> thank you, gentlemen. and everybody,
like shopify, amazon, ali baba, etsy but peloton and travel and transportation names like uber, expe expediatip advisor you don't have over concentrations in large market caps like alibaba and amazon and some of the smaller pure play names have been some of our best performers amazon is number 22 in terms of our holdings we've got some definitely stay-at-home and shop-at-home plays but we have reopening exposure with travel and transportation names as well >> vanek has a retail that is a...
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Nov 2, 2020
11/20
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CNBC
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second busiest week of earnings season 119 s&p 500 companies are set to report, including clorox, cvs, expediarkshire hathaway and if last week is any kind of indication, it could mean good news for investors putting aside the lack of guidance from any big companies, from our talented cnbc data team, we have seen a dramatic change to the earnings narrative after some huge beats last week. the s&p 500's blended earnings growth rate is now down just, just 10% compared to what we saw on october 1st at that point we were down 21.5%. a pretty incredible move that could continue with more than 30% of companies in the s&p still yet to report their results. steve chiavarone portfolio manager and equity strategist. so steve, is the earnings season going to save the markets regardless of who wins the election >> i think the economic recovery very well could. i think that's the question over the next couple of weeks here. and it's a bet that we think you want to play we think that you've got an economic recovery in the united states we've exited recession we're entering recovery, we're in recovery. you'r
second busiest week of earnings season 119 s&p 500 companies are set to report, including clorox, cvs, expediarkshire hathaway and if last week is any kind of indication, it could mean good news for investors putting aside the lack of guidance from any big companies, from our talented cnbc data team, we have seen a dramatic change to the earnings narrative after some huge beats last week. the s&p 500's blended earnings growth rate is now down just, just 10% compared to what we saw on...
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Nov 23, 2020
11/20
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CNBC
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some other gainers on nasdaq today include micron, ulta beauty and expedia. just two stay with us hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each and then, you're still responsible for 20 percent of the cost. next, let's look at a medicare supplement plan. as you can see they cover the same things as original medicare, and they also cover your medicare deductibles and co-insurance, but they often have higher monthly premiums and no prescription drug coverage. now, let's take a look a humana's medicare advantage plans. with a humana medicare plan, hospital stays, doctor office visits, and medicare deductibles are covered. and, of course, most humana medicare advantage plans include prescription drug coverage. in fact, in 2019, humana medicare advantage prescription drug pla
some other gainers on nasdaq today include micron, ulta beauty and expedia. just two stay with us hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each and then, you're still responsible for 20 percent of the...
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Nov 11, 2020
11/20
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CNBC
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quarters based on the data they have provided and that is also reflected in the earnings reports from expedia and booking holdings so that is a bright spot so far this pandemic. the question now, whether it holds. >> yeah, by the way, we almost hit a million passengers going through tsa checkpoints the other day, 973,000 we hit it one time, we're kind of creeping back up. seema mody, thank you very much. >>> now to president-elect joe biden. he continues to try to form formulate his incoming administration's policies, taxes both personal and corporate have been a big focus but part of the plan's success now things to a point on two runoff senate races in georgia for more, we're learneded joine. a lot of our viewers, they are wondering what is the new corporate tax structure going to look like a year or two years from now when you look into your crystal ball >> well, i'm gldelighted to be here with you. and what i see is possibly more of the same. so with this mixed government, if we continue to have this blue red blue with the senate being controlled by the republicans, i think that it will b
quarters based on the data they have provided and that is also reflected in the earnings reports from expedia and booking holdings so that is a bright spot so far this pandemic. the question now, whether it holds. >> yeah, by the way, we almost hit a million passengers going through tsa checkpoints the other day, 973,000 we hit it one time, we're kind of creeping back up. seema mody, thank you very much. >>> now to president-elect joe biden. he continues to try to form formulate...
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Nov 11, 2020
11/20
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CNBC
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34% stock outstanding is held by short sellers betting on a decline look at american, norwegian, expedia. they have been hit so terribly hard over the course of 2020 because of the pandemic and its effects on travel. these are some of the biggest gains we've seen on the right-hand side over here because of that short interest and those traders covering those short bets to take some profits. now, watch that particular move. i bet a year-to-date chart there because it just shows you how far these things have fallen check out these two other charts as well. we're looking at other parts that have been beaten up, have very big bets against them one in retail. 5% decline for ralph lauren today. this move higher here, ralph lauren is one of those highly shorted stocks in retail in the s&p 500. we'll end on one more that rounds out this notion of the consumer economy being at the heart of all this. sl green realty, look at the decline over the last year-to-date period. 40% of its shares lower here now. in this move over the last couple of days, a sharp move higher, it goes to show you, kelly, ty
34% stock outstanding is held by short sellers betting on a decline look at american, norwegian, expedia. they have been hit so terribly hard over the course of 2020 because of the pandemic and its effects on travel. these are some of the biggest gains we've seen on the right-hand side over here because of that short interest and those traders covering those short bets to take some profits. now, watch that particular move. i bet a year-to-date chart there because it just shows you how far these...
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Nov 17, 2020
11/20
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CNBC
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in many ways it's pushed expedia, booking, marriott to invest in their own vacation rental platformss what travelers are booking. homes have become increasingly popular as urban residents search for locations outside of cities to work from home and while airbnb did see bookings fall in the first nine months. year it did fare better than the direct competitors though those numbers account for flights and hotels trip advisers wants in on the $70 billion home market building out on its own vacation rental site with over 850,000 listings, but ceo steve coffer sees demand over time returning back to hotels steve joins us in "exchange exclusive. welcome back good to see you today. i know you've had a chance to look at the 1 d.a. 1 your thoughts on its financials? i assume you're not putting money into airbnb as you think consumers shift back to hotels from homes over time. >> i think travelers want choice and want to stay in a rental in parts of the world in covid time and also want hotels and concierge services and we're looking to fill every desire of travelers looking for a great vacati
in many ways it's pushed expedia, booking, marriott to invest in their own vacation rental platformss what travelers are booking. homes have become increasingly popular as urban residents search for locations outside of cities to work from home and while airbnb did see bookings fall in the first nine months. year it did fare better than the direct competitors though those numbers account for flights and hotels trip advisers wants in on the $70 billion home market building out on its own...
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Nov 16, 2020
11/20
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CNBC
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eye 86
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elevator with anybody if i don't have to i'm looking at that expected valuation for on the size of expedia kind of close to lyft uber is way up at $87 billion. so this would be, you know, significantly smaller in scope, carl, than i would have expected to see from an air bnb we'll see if it actually trades there if it comes public as expected >> think about the house hold budgetses that skiesed travel from the budgets for the last eight, nine months and resum, of that travel would help not only hotels but anyone involved in lodging in general so we're going to wash airbnb very closely when we come back after the break, former new york fed president will join us with ghorhee urrently at an all tim hi f t dow we got there within about 60 points of dow 30,000 at fidelity, you'll work with an advisor to help you build a flexible wealth plan. you'll have access to tax-smart investing strategies, and with brokerage accounts online trades are commission free. personalized advice. unmatched value. at fidelity, you can have both. see yourself. welcome back to the mirror. and know you're not alone b
elevator with anybody if i don't have to i'm looking at that expected valuation for on the size of expedia kind of close to lyft uber is way up at $87 billion. so this would be, you know, significantly smaller in scope, carl, than i would have expected to see from an air bnb we'll see if it actually trades there if it comes public as expected >> think about the house hold budgetses that skiesed travel from the budgets for the last eight, nine months and resum, of that travel would help...
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Nov 19, 2020
11/20
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CNBC
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eye 90
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on other side they have customers like expedia which has gone in the other direction and seen weakness like booking and travel could offset but we don't know yet. but it is definite low a revving. >>> planet fitness saw a big pop following pfizer's vaccine news but has been falling ever since. we will discuss the challenges and longer term impact with the fitness industry with that firm's krochlt. >>> the ten-year is yielding around .85 near the highs of the recent range we have been in. taking a step back today perhaps on the weaker jobless claims data we'll be right back. in some ways, things are kind of the same. in other ways, well... any questions? the good news is... we've learned, we can do this. turns out when we're hitting our goals, nobody cares if we're wearing pants. we just need the right tools. so our team, stays a team. so no matter what comes next we can work better do better this is going to work. >>> got just about half an hour left of trade. time for our daily coronavirus tracker. another piece of positive news on the vaccine development front. astrazeneca and the un
on other side they have customers like expedia which has gone in the other direction and seen weakness like booking and travel could offset but we don't know yet. but it is definite low a revving. >>> planet fitness saw a big pop following pfizer's vaccine news but has been falling ever since. we will discuss the challenges and longer term impact with the fitness industry with that firm's krochlt. >>> the ten-year is yielding around .85 near the highs of the recent range we...
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23
Nov 4, 2020
11/20
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CNBC
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we have expedia earnings after the bell, marriott reporting earnings on friday the conversation willer, how they're willing to spend their money ahead of the thanksgiving season as we get closer to that holiday. >> and how those industries will fare under this new administration, whatever that is shaping up to look like. seema, thank you so much we appreciate it seema modi >>> that does it for us on "the exchange" but stick around for "power lunch." a constitutional law expert will lay out the possibilities. atr thenortylemais f th right after this quick break. if you're concerned about the environment and climate change, how do you find companies that are driving the right outcomes? if you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities? for nearly 40 years, calvert has delivered competitive returns by investing in companies making a difference because we see value in doing good. talk to your financial advisor about investing responsibly with calvert. talk to your financial advisor about investing responsibly w
we have expedia earnings after the bell, marriott reporting earnings on friday the conversation willer, how they're willing to spend their money ahead of the thanksgiving season as we get closer to that holiday. >> and how those industries will fare under this new administration, whatever that is shaping up to look like. seema, thank you so much we appreciate it seema modi >>> that does it for us on "the exchange" but stick around for "power lunch." a...
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Nov 25, 2020
11/20
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FBC
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eye 68
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we have been in stocks like expedia and trip adviser and we made money on those.e trading those. i'm not positioning long term for those. especially the airlines. the losses are so gigantic, it wouldn't surprise me to see one or two of them declare bankruptcy. when you are playing the equity game, that's a death trap. i think investors should be cautious about buying and holding those. you can certainly have good trading positions, cut them in half, we end up with the stock for free if you have a great run. that's a good way to play it. just sitting there long term with the future in terms of their earnings, really in doubt, it's not a long term. it's very speculative right now. ashley: takes a strong stomach, as they say. all right, shah. let's take a look at gap. big drop this morning after yesterday's earnings. lauren, what happened to the gap? it's down 17% this morning. lauren: yeah. you know, this earnings report is not as bad as the reaction that you're seeing on the screen. look, same store sales surprisingly rose by 5%. revenue, just about $4 billion. ear
we have been in stocks like expedia and trip adviser and we made money on those.e trading those. i'm not positioning long term for those. especially the airlines. the losses are so gigantic, it wouldn't surprise me to see one or two of them declare bankruptcy. when you are playing the equity game, that's a death trap. i think investors should be cautious about buying and holding those. you can certainly have good trading positions, cut them in half, we end up with the stock for free if you have...
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online travel company expedia reporting a smaller loss than anticipated.and seems to be picking up slightly for travel and tender owner, reporting a stronger quarter based on more people paying with more than 6.6 million subscribers and regeneron, that medicine president trump credited with curing him likely to get fda approval. stuart: so that's a matchmaking company? susan: yeah, something like that a dating app for you swipe-- swipe left. stuart: are you about to tell me for elderly people? susan: i don't think there's a demographics. i think everyone using it. stuart: let's move on. senate majority leader mitch, promising a stimulus bill by the end of the year. watch this. >> as i have said repeatedly, in the last few months, we need another rescue package. the senate goes back in session next monday. hopefully, the partisan passion that prevented us from doing another rescue package will subside with the election, and i think we need to do it and i think we need to do it before the end of the year. stuart: brian brandenberg is with us, this thursday m
online travel company expedia reporting a smaller loss than anticipated.and seems to be picking up slightly for travel and tender owner, reporting a stronger quarter based on more people paying with more than 6.6 million subscribers and regeneron, that medicine president trump credited with curing him likely to get fda approval. stuart: so that's a matchmaking company? susan: yeah, something like that a dating app for you swipe-- swipe left. stuart: are you about to tell me for elderly people?...
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and expedia posting a smaller than expected loss and offering a revenue forecast that pleased analystsstock had been beaten down by the pandemic and that stock up about a little over 6% right now. >>> and coming up, a live report from europe where stocks are rising again this morning in early trading. when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to save up to $400 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring your own device, or trade in for extra savings. that's simple, easy, awesome. visit your local xfinity store today to ask, shop, discover the latest on xfinity mobile. >>> good morning, everybody. if you are just waking up and wondering if we have an election outcome, not yet the votes are still being counted in multiple states president trump has the advantage this both pennsylvania and georgia right now. pennsylva
and expedia posting a smaller than expected loss and offering a revenue forecast that pleased analystsstock had been beaten down by the pandemic and that stock up about a little over 6% right now. >>> and coming up, a live report from europe where stocks are rising again this morning in early trading. when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to save up to $400 a year with shared data...
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cnbc.com/pro for more on one very successful airline investor's big bet on another form of travel expedia all in focus. and then after the break, ll bean ramping up production among a surge in demand this holiday season the ceo joins us next. geico makes the claims process so easy... ...i can file and manage my claim, all on the geico app. it's not just easy. it's giving-your-dog -your-fitness-tracker easy. oh, good boy. yes, you got it! woo! already got my 40,000 steps today... can i get a what what! no pain, no gain! haha... it's geico easy. with fast and convenient claims service. look how fast i'm running! good boy, chester. i made a business out of my passion. i mean, who doesn't love obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the things you don't. let's take care of busi
cnbc.com/pro for more on one very successful airline investor's big bet on another form of travel expedia all in focus. and then after the break, ll bean ramping up production among a surge in demand this holiday season the ceo joins us next. geico makes the claims process so easy... ...i can file and manage my claim, all on the geico app. it's not just easy. it's giving-your-dog -your-fitness-tracker easy. oh, good boy. yes, you got it! woo! already got my 40,000 steps today... can i get a...
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last 24 hours alone, expedia, call cam, cardinal health, bristol-myers. parker hand fin.t is very, very broad based that, too, is very encouraging >> mike, two risks out there that perhaps the market is ignoring in the moment one is that a blue wave is still possible we could see the senate not go to the republicans as many people have been talking about over the last 24 hours the other is rising cases here in the u.s if the market starts to focus on either of those could that take the wind out of the sails again? >> the first risk would happen in early january when the runoff elections occur. it seems like the market is not going to panic in advance of something like that and it would be a one vote majority i don't think that's necessarilied to's business n. terms of the covid case surge, there is no doubt about it that the market is seemingly taking the view that it didn't feel smart to panic out of the market back when we saw the previous surge. whether woe got lucky or not, fits going to be worse or slow down -- it didn't seem as if that was the way to play it. maybe
last 24 hours alone, expedia, call cam, cardinal health, bristol-myers. parker hand fin.t is very, very broad based that, too, is very encouraging >> mike, two risks out there that perhaps the market is ignoring in the moment one is that a blue wave is still possible we could see the senate not go to the republicans as many people have been talking about over the last 24 hours the other is rising cases here in the u.s if the market starts to focus on either of those could that take the...
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expedia robinwithout the commission fees. start investing today wherever you are - even hanging with your dog. so, what are you waiting for? download now and get your first stock on us. robinhood. >>> va investigator nate land skamer had set a trap. he knew martha ann and chuck had just one wheelchair as they faked disability. so he set up appointments for them at the social security facility at the same time. >> so they arrived at the facility and then as we suspected they only had one wheelchair. so charles instead of using a wheelchair, he had a walker and a cane. >> a walker and a cane? >> a walker and a cane both. >> and a knee brace. >> stilt leg. >> stilt-legged. and then he was toting an oxygen tank as well. >> as chuck fumbled his way inside, nate and his agents were waiting. busted. >> i interviewed charles. we pulled him into an office. and then martha ann was being questioned by another va oig agent in the social security administration, oig agent. >> martha ann and chuck kaczmarczyk had been found out. chuck was
expedia robinwithout the commission fees. start investing today wherever you are - even hanging with your dog. so, what are you waiting for? download now and get your first stock on us. robinhood. >>> va investigator nate land skamer had set a trap. he knew martha ann and chuck had just one wheelchair as they faked disability. so he set up appointments for them at the social security facility at the same time. >> so they arrived at the facility and then as we suspected they only...
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that stay-at-home trade have been underperforming the last month when you look at the risk-on names, expediavs and the mgms, their strength suggests we will get beyond this virus encouraging for the bulls here. >> how quickly could that unwind if we don't get another round of stimulus or are you lipping to conversations like we had with the mayor of chicago and feel this isn't going to be as damaging of a lockdown. >> it is not on pins and needles. we have moved on from that we will hope for something in the new year if that makes sense. i think it is more of a tentative conclusion that the market is trying to draw to. we know how to flatten covers we have done it before. we feel like we can suppress a lot of these surges and it probably won't last terribly long if your typical him horizon is a few months the margaret seems to look about that far ahead of the windshield then you are within that zone of when this probably comes under control. i do look back to june when we had the burst of enthusiasm and the value trade worked and it unwound very quickly as we did get that surge but we are in
that stay-at-home trade have been underperforming the last month when you look at the risk-on names, expediavs and the mgms, their strength suggests we will get beyond this virus encouraging for the bulls here. >> how quickly could that unwind if we don't get another round of stimulus or are you lipping to conversations like we had with the mayor of chicago and feel this isn't going to be as damaging of a lockdown. >> it is not on pins and needles. we have moved on from that we will...
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the moderna news is ascending travel related stocks absolutely soaring ceo of expedia predicts a resurgencem. when is the prediction for, actually? ashley: by the summer of next year, moderna peer they are saying they see bookings pick up her next summer for people who are optimistic about a vaccine that will open up the world again for travel as a result of the headlines from moderna. look at these segments. united, jetblue, southwest, delta, jetblue up 5%. this is the kind of news they need. cruise lines, carnival up a percent, all up nicely across the board and even walt disney up to a half percent. let's look at hotels, only segments are up on the hopes lie can get back to normal with a vaccine. marriott, windham and so on up three, 4%. not bad at all. the question is every time a headline comes along that maybe we won't be of get the vaccine for another six months and then the stock dives. we are headline driven, but today lots of optimism with these travel stocks up. stuart: does that include the casinos? lauren: yes stephen i can see them up today. lauren: up nicely because we were s
the moderna news is ascending travel related stocks absolutely soaring ceo of expedia predicts a resurgencem. when is the prediction for, actually? ashley: by the summer of next year, moderna peer they are saying they see bookings pick up her next summer for people who are optimistic about a vaccine that will open up the world again for travel as a result of the headlines from moderna. look at these segments. united, jetblue, southwest, delta, jetblue up 5%. this is the kind of news they need....
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today, but i want to bring in jeff hoffman travel specialist care jeff, i am sure you know the ceo of expediahis words worried back next summer those are strong words. do you see it like that? >> i think we have headwind-- excuse me tail wind in travel industry finally and that's great news. first, the vaccine has brought a lot of optimism. more people are planning for spring break and planning their summer vacation hoping they can take it, but they are making plans to. the pent-up demand is huge. people are tired of sitting at home. people want to travel especially on the leisure side, but business as well where they can. there is a lot of pent up demand and third the travel industry has had time to improve its response. earlier, actually reported on united doing on the spot instant virus testing for a flight. jet blue is also, hotels are getting better at increasing consumer confidence. those are all tailwind in the right direction for travel to return. stuart: do you think we will see certification, yes, i have had a test and its negative, yes, i had taken the vaccine and i have a certific
today, but i want to bring in jeff hoffman travel specialist care jeff, i am sure you know the ceo of expediahis words worried back next summer those are strong words. do you see it like that? >> i think we have headwind-- excuse me tail wind in travel industry finally and that's great news. first, the vaccine has brought a lot of optimism. more people are planning for spring break and planning their summer vacation hoping they can take it, but they are making plans to. the pent-up demand...
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affirm offers services to 65 o00 merchants including peloton, expedia and walmart.hant as fee to help make the sale peloton sales accounted for around 30% of its revenue for the last few quarters. we'll watch that company >>> meantime, when we come back, markets were weak into yesterday's close and in the red again this morning we'll break it all down if you >>> welcome back to "squawk box" this morning, markets closing at record lows. joining us investment partner senior managing director, cnbc contributor, his company vertis launching an etf based on his momentum index we want to talk about that in just a moment. we'll start with what you're seeing in the markets right now, joe. you know, it's funny we've had this remarkable run up and the question is are we coming down now? >> good morning, andrew. well, unfortunately, this is the type of market behavior that will have fiscal policy makers actually really act upon what their responsibility is. you know, if they want to study the great depression and see what absence of a response looks like for the capital market
affirm offers services to 65 o00 merchants including peloton, expedia and walmart.hant as fee to help make the sale peloton sales accounted for around 30% of its revenue for the last few quarters. we'll watch that company >>> meantime, when we come back, markets were weak into yesterday's close and in the red again this morning we'll break it all down if you >>> welcome back to "squawk box" this morning, markets closing at record lows. joining us investment partner...
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because we actually had hedge funds buying into bookings companies like bookings.com, expedia and ifting these stocks as well. i also want to note small caps. russell 2000, something we haven't talked about, up 5.5% today and with small caps, small companies do well. that's an indication that they are hoping for a recovery in the u.s. economy. stuart: well, the vaccine would create an improvement in the economy if we can all travel again, get to work again. that would make an enormous difference. that's why you've got such a rally. susan: i also want to note even if travel stocks with the huge rally we have seen today, they are only half the levels of the peak we have seen. stuart: true, but still a very nice gain. that's what i want to see. the brexit party leader, the british brexit party leader, nigel farage, says the president, as in president trump, should not give up his fight. he joins me next. ♪ don't worry, julie... coughing's not new. this woman coughs... and that guy does, too. people cough in the country, at sea, and downtown. but don't worry, julie... robitussin shuts co
because we actually had hedge funds buying into bookings companies like bookings.com, expedia and ifting these stocks as well. i also want to note small caps. russell 2000, something we haven't talked about, up 5.5% today and with small caps, small companies do well. that's an indication that they are hoping for a recovery in the u.s. economy. stuart: well, the vaccine would create an improvement in the economy if we can all travel again, get to work again. that would make an enormous...