you see expedia outperforming this week. cruise lines, despite news of passengers testing positive on board some of the ships, cruises stocks are up big this week after carnival's business update where the ceo said he's only seeing a small spike in cancellations due to omicron and that bookings for the second half of 2022 look strong the company did push back, though, when it will turn a profit due to the ongoing uncertainty around the variant dom? >> all right, seema mody with the latest on the travel outlook. let's dive into the big travel trade, overall steve grasso, maybe we'll begin with you, as we take a look at what's happening, we are seeing, yes, people want to travel for the holidays, will they do so, do you have travel plans, and do you think the rest of america shares your sentiment? >> i don't have travel plans, but it is not as if i have them and canceled them. i just like to stay home for the holidays and be around family. but i do think i agree with that, if people had international, they now switched it to d

domestically travel is coming back. >> expedia up today and down 7% this month thank you.ad to the website, follow us on twitter back to you. >> thank you. >>> the amazon web services o outage appears to be getting worse. >> here's what we know about the issue that you have been talking about. amazon's cloud computing unit was hit with an outage impacting websites and services. among them we know reporting issues disney plus, netflix, slack, robinhood and coinbase. ware house and delivery workers with drivers for amazon reporting that they face challenges, as well. amazon sellers also reporting that they were unable to access seller central used to manage orders amazon saying the root cause of the issue is calling an impairment of several network devices and working to for example the problem and bringing you more headlines as they come. back do you. >> thank you ironic to talk about nasdaq's efforts to use the technology. >> the move. moving to the cloud. impairment of a structural thing there. it's interesting to know what caused that impairment first thought is this a r

up more than 13%, but it maybe a mixed picked for the sector with book asking trip lagging expedia.e year after a big run in march what's in store for the travel stocks in 2022 joining me now is tom white, senior analyst at d.a. davidson. thank you for being here the picture for travel is not necessarily flattering right now. there is the risk of getting sick, the risk of getting quarantined, getting a flight or two canceled but it seems like people are still traveling. they are willing to do that. how do you trade this sector right now? >> first off, thanks for having me and happy holidays. look, i think for investors and to get this group right in 2022, there is a couple of answers that -- questions folks have to narrow in on one, this is the hardest, how will consumer behavior and travel booking preferences change here over the next few months in the face of this new variant? will we see as sustained a change in booking preferences as we did say during the alpha wave or the delta wave where folks passed and went for urban high volume population urban centers in favor of vacation

so actually in soon as you would please really expedia the on the school bus go ah, we used to go low, similar duty from the a month. mainly your dish, moody. if you my breath with a well if i'm lucky and you also mama a boy, you would a family, a series audio from them with a not sure what even these are the shit convenient. why, but filter on stuff swimming. yeah. nugget is only she'll send a story as well in, you know, she'll so you can show you a buzz when you go down. you ship even you mom of master know cut my girl with come from. but i took a scope which glover, you will see the moment what your courts now malia housekeeper, you they miss you lay a gift or love it. if you don't see nobody left, it was a refill in most of molly, now the ship was he'll give you a minute. can you give us a little bit while we we can use those line still times i'm in love with the didn't do it as a mom. little muller boy, if you live with your website, do you keep keith, would you please call? you can reach us with the number i will keep can overcome but we are good. no, great couple because it has

she would clearly expedia, the on the school bus, got these to was go low, somebody from the a month. minish moody. you my breath with a well, if i'm lucky and you also mama a boy with family, a series photo them with a not sure what even these are the shit with. why? but filter on stuff shamia now get it only she'll send the story as well in you know, she also your coin. she'll give you a buzz when you go down. you should even your mom of master know cut bread, but my girl with total scope come from, but i took a scope which glover you will see the moment what your quotes lamar la husky. mm hm. by you the you hello, this is sheila you can give each it is for your love to watch it. if you don't we don't see nobody special at the a 0. she was away in most of molly, now when you hit basil can forgive you look unless you push them to get on your hip. the guy from the loop would also my level. we can use those line still times with with the didn't. nicholas stood as a mom. little sweet muller boy. if you live with your vibe, he didn't you kid keith, would you please call you can reach us.

discussion compared to the reading. angel nation with amanda actually in soon as you would please only expedia. it in the basket, but let me be used to go low. no, you can be a month in the rudy general breath the night. hm . mm, we have a well, if the msn, you also mom or your family, a series audio with them. oh not sure what even there's an issue with why, but filter on stuff streaming. yeah. nugget is only she'll send a story as well in you know she'll so you can show when you when you go don't you shoot me when you mama. i know i brought my girl with total scope, but i took a scope which glover you will see the moment what your quote number with the the sheila you give each it is for the love it. if you don't we don't see a 0. she was a we find in the most of molly, now it will you hear, but he'll can forgive you with music and look unless you push them to get on your hip of the guy from the loop. also lower level. we can use those line still toms on them with the didn't nicholas stood as a mom. little sweet muller boy. if you live with your website, do you keep keith, would you please ca

if you get to the really angela nash with the amanda, actually in soon as you would please really expedia. the underscore. features go low. similar, good if you come to them on many your dish. moody. if you my breath, unlike with a well if i'm lucky and you also mama a boy with family, a series photo around them with not sure what even there's an issue with why, but filter on stuff swimming. yeah. nugget. it only shows the ne story says when you need those usa, your coin, shall we give you a buzz. when you go down you ship even you mama must not cut up on my girl. what sort of come from breath? a scope which glover you will see the moment was your quotes? no molly left husky. mm hm. bye you. they give you this or the loved it. if you do, we see the value of the refill in most of mommy. now if you have a he'll kill, forgive me. look, that's kind of like you to give us the guy from the cell. so while like i use those lines still times i'm, i'm in love with the didn't nicholas stood as a mom. little sweet muller boy, if you live with your vibe, he didn't you kid keith, would you please call

if you get to the really angela nash with the amanda, actually in soon as you would please really expedia. the underscore. features glow. similar good if you had some gym on many your dish. moody. if you my breath, the night with a well if i'm lucky and you also mama a boy, you would a family a series photo with them with a not sure what even this alicia with why but shelter on stuff swimming. yeah. nugget. it only shows the ne story as well in, you know, those usa, your coin shall use it, but then you go the and you ship even you mama must not wrap up. my goal will sort of come from breath a scope which glover you will see the moment what your quotes? no, molly left husky. mm hm. bye. you the gift issues or the love to it. if you do, we will see the value of the refill in most of mommy. now if you have a, he'll give you a minute. can you give us the guy from the cell? so while like i use those lines still times i'm, i'm in love with the didn't nicholas stood as a mom. little sweet muller boy. if you live with your web, hey, do you keep keith? would you please quiet as we just she lives w

expedia, if we are thinking about booking trips, up 7% as well. let's get some more insight into what the virus means for travel with johns hopkins epidemiologist dr. david doughty. what do variant? it seems like there's relative calm, but perhaps cautious optimism as well? dr. dowdy: thank you so much for having me. i think what you are saying is right. we are starting to see the initial surge of omicron died down a little bit in south africa. we are seeing it expanded other countries, but maybe not the level we were fearing. i think also looking at hospitalizations, death rates in south africa, those have been lower than what was expected. overall, i think we are likely to see an uptick in this virus worldwide, but it doesn't seem to be quite as dangerous as we might have feared at the very beginning of this outbreak. taylor: is it too early to ask what this means about this variant and the overall spread of the virus? dr. dowdy: yes. it is too early. but i think we should as a global society get used to the fact that we are going to see these s

the online travel platforms, expedia is outperforming its peers, airbnb and booking holdings up 11% and it's in the cruise lines and carnival is on track for the best week since february up about 16% after the cruise line unveiled a rather bullish outlook on future demand for cruises. we're talking second half of 2022, but just to put these moves into perspective, all three krcruise lines all off by 20% or so. >> seema, thank you so much. hilton trading at an all-time high and travel having obviously a very strong showing. josh, you own live nation and you like those online travel plays. >> i do, i just think you have to bear a lot of headline risk for them those charts are crazy look at the price action and expedia over the last two weeks. it's an emotional roller coaster and it's not for everyone. it does look look it's resolving to the upside. i was looking at hilton and marriott and my big thing always on the show, frank is -- i don't pay attention what people are saying and i watch what people are doing with their money those stocks were ripping during the worst of the omicron head

definitely a shift and that does favor airbnb and some of the alternative accommodative businesses like expedia and booking. but people have changed and we think urban reopening is a big them next year. office occupancy were 90%. they were 90 prepandemic they have improved despite omicron and we think 40 still has room to go we see uber and some travel stocks as some of the last reopening plays and added uncertainty and sold off on omicron but hopefully as warmer weather comes back and people want to get outside again, we'll see really strong trends in the spring >> justin, how are you thinking about ecommerce relative to aggregate household balance sheets meaning excess cash burning off, higher credit card balances lapping some of the stimulus payments of the past year is that going to weigh on households do you expect consumer demand to weaken and what would that mean for names like amazon? >> certainly there's a lot in that. of course, with people not getting stimulus, they might have less to spend but the job market is incredibly robust and we're seeing people go back to work. and that is a

booking an expedia obviously benefit more light, asset light businesses that we think have a good futureirline business and as of today we are not invested in any of the travel stocks >> the other area i want to talk about because it's similar to the way that we discuss what's happened with high flying and high valuation stocks is the state of venture capital in the valley and the role that you other ands are playing in. you are one of the largest firms, vc firms in silicon valley you let a new round and helped lead a new round for cockroach, a company called cockroach i want you to listen and i know you know goldman sachs he was on in the last hour he's a vc and here's what he had to say about where valuations are as it relates to that. we can react on the other side >> from where i am on a vc, in a way we are investing in the most long dated companies the companies that have their earnings furthest in the future and so as a result of that there's been a trickledown effect from the public markets to i think growth stage investors and we are all kind of waiting for the vc market to find

the way travel agents probably rolled their eyes at expedia during the dotcom boom. it's natural, right. you just start rejecting things at some point in your life, you stick with what you know, even if it makes you wrong. i try to keep my mind open, particularly working in silicon valley. it's been difficult, though, there have been challenges like nfts, digital photographs that are infinitely copyable selling for millions of dollars. i don't totally get those. or mark zuckerberg's metaverse, so important he says he renamed the company. but metaverse seems like a rebranding of virtual reality to me, and virtual reality, while cool, has never really caught on. with that in mind, i wanted to bring in jacob navoke to bounce some ideas off of. his company makes next generation video games that are part video game, part reality, and very forward thinking. jacob, i know you've also got a new pac-man out and i want to ask you about that. because 1980s, i can get behind. let's talk about that at the end of our conversation. but talk to me about this idea of the metaverse. i

and now with the new theme, the corona virus pandemic, of ions come as expedia. 1.6000000000 children have temporarily missed out on school. so kia many will not return to school yet. we already know that problems like child labor enforce marriages for girls will increase again as a result from each other. she that pseudonym, that's why it's so important to find creative ways to keep up schooling these award winning photo show deep narayan nyak, a teacher who moved his classroom outdoors and turned the walls of houses into blackboards and sports. american football legends, tom brady has edged his name into the record books again. 44 year old has been a name to the pro bowl bowl for a record setting. 15th time is rightly regarded as the greatest quarterback of all time when his 7th super bowl last season with the tampa bay buccaneers. and they said, if else season he leaves the league in passing and touched this is day dublin, you lie from berlin. his reminder of our top story at this hour german chancellor left shows has announced that new restrictions on social life to prevent the sp

and now with the new theme, the corona virus pandemic, of ions come as expedia. 1.6000000000 children have temporarily missed out on school. so kia many will not return to school yet. we already know that problems like child labor enforce marriages for girls will increase again as a result for me to and that a she that pseudonym. that's why it's so important to find creative ways to keep up schooling piece award winning photo show deep narayan nyak, a teacher who moved his classroom outdoors and turned the walls of houses into blackboards. and that's it for another day, but the conversation continues online. you'll find us on twitter. i've asked d w news, or you can follow me at o gail the day ah, [000:00:00;00] with ah, 2 o 3 or not to own. what about a sharing economy instead? a change in thinking is changing the economy to create something new. the economics magazine made in germany connect on d, w. this in the form that according to our tradition, men are just a period to women. russians believe, p v t z not seen the tragedy. the law allows men to be say, why women working was sup

and now with the new theme, the corona virus pandemic lines come as expedia. 1.6000000000 children have temporarily missed out on school, so many will not return to school yet. we already know that problems like child labor and force marriages for girls will increase again as a result for me to and that, that she that pseudonym. that's why it's so important to find creative ways to keep up schooling these award winning photo show deep narayan nyak, a teacher who moved his classroom outdoors and turned the walls of houses into blackboards. and that's it for another day, but the conversation continues online. you'll find it on twitter either at d. w news, or you can follow me at gail with, [000:00:00;00] with ah, you know, nuclear power. that's what the brock doff protest is about. one last time after 35 years of struggle. by the end of 2022, germany will talk to using nuclear power. other countries, meanwhile, are stepping up production. why is that global 3000 in 60 minutes d w. so we've got some hot tips for your bucket list. ah, magic corner chat. hot spot for food and some great cult

carnival, expedia, delta.around the omicron variant and covid-19 in general today have faded. guy: i wonder whether the market thinking this will be short but we will get through it relatively quickly. these stocks are already massively beaten up. thank you very much, indeed. what is tomorrow? wednesday. today president biden addressing covid-19 at 2:30 eastern time. we are still coming through the earnings season. with numbers a little bit later on. mostly ubiquitous. great names. one day people will remember that whole era very, very fondly. alix: radioshack. tomorrow you get gdp for the u.s. and u.k., other u.s. data as well. we have a lot that is still going on over the next couple of days. coming up, balance of david westin. this is bloomberg. ♪ this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. t

i've even been bullish, as we talked on the show about it, but carnival relative to airlines, to expediad rather by there. i'm scrapping. >> tim, that animation sounds like the kid in the song "where is the music?" that's an obscure reference. bonawyn, wrap it or scrap it >> i'm wrapping it i think there's other alternatives that you might like, but you hear that 20% pop recently, and you need to look at that in recall numbers. if you look over the last few years, i think this thing has beaden up. it has a large amount of dead balance, but i'm wrapping it, hold on to it. >>> next up, cvs health, rallies 14% this month wow, steve, wrap or scrap it >> i'm going to scrap it so the stock is up roughly 50% year to date i think the all-time high is maybe $12 or $13 higher than where it's currently trading, basically a 10% move from here i don't think it's a total negative future, brian, but i feel as if they've played the hand they had perfectly, and the up side is limited from here >> i think they hope to revolutionize health care. >>> visa ringing up 12% higher are you wrapping or scrapping

and now with the new theme, the corona virus pandemic lines come as expedia. 1.6000000000 children have temporarily missed out on school. so kia many will not return to school yet. we already know that problems like child labor and force marriages for girls will increase again as a result for me. that was she that pseudonym. that's why it's so important to find creative ways to keep up schooling these award winning photo show deep narayan nyak, a teacher who moved his classroom outdoors and turned the walls of houses into blackboards. and that's it for another day, but the conversation continues online. you'll find us on twitter either at t w news or you can follow me at gail with, [000:00:00;00] with you know, to nuclear power. that's what the brock doth protest is about. one last time after 35 years of struggle. by the end of 2022 germany, we'll talk using nuclear power. other countries, meanwhile, are stepping up production. why is that global 3000 next on d, w. farming and kenya without harmful chemical pesticides, not feasible, you can produce enough of a to be able to add to the u

expedia down 3%. and the 2:% looses for las vegas sands. if you are wondering why the markets are not selling off more broadly. look at these three stocks they are clinging onto gains apple, microsoft, alphabet, all three posting gains of north of 1% again off their session highs. still the three biggest stocks in the s&p green on the day. >> of course they have outsized impact on the major averages key point there daum chu. >>> the supply chain is another headache for the market but according to cowen there are stocks well positioned to weather the squeeze. jayson slidell jones us now. it is great to see you certainly, we have been getting signs if recent days, recent weeks, high frequency data that maybe perhaps some of the congestion at the west coast ports and where all this transportation bottleneck issues are concerned -- that it is starting to ease somewhat. is that what you are finding >> yeah. you know, we have seen that seasonality is being our friend right now. things typically start to slow down once we get beyond black friday i

. >> that's why expedia is one of the names you would be looking at here? >> exactly right, yes? >> it is up 21%, a decent year n line with the market but i like their geographic mix, their vacation rental exposure, leisure exposure cnbc did an interview with the ceo of delta who said leisure is back and they are waiting for the business traveler to come back they are starting slowly these guys have more leisure exposure in their revenue mix. they have done a great job in cost cutting gross margins beat last quarter by 200 basis points and grew by 276 basis points sequentially. at the time they said summer bookings for 2022 were higher than 2021. that was back in october they had good things to say. >> steph, do you think that for this cycle the highest growth rates have been hit in the economy and the highest inflation rate has been hit? if so, what's the implication for my investment? >> oh, there is no question that we have seen peak growth and we have seen peak inflation i think peak inflation, because we are certainly seeing some parts of inflation improve in terms of commod

according to expedia, 40% of people are planning international and domestic travel next year seema mody what is to come for travel in 2022. >> reporter: 2021 mired by travel delays. executives are still betting on a big recovery in 2022 >> when we actually did a survey on the topic of where are people going, what do they want to do, 89% in the u.s. said they wanted to travel more in 2022 than they did in 2019. huge pent-up demand. >> reporter: that will put more pressure on hotels and airlines to confront the travel shortages that have given them trouble whether it's leaning on robots to clean room, simplify food and beverage menus or train staff to speed up service. >> there's a pinch in the labor market so they have to be more productive we're doing a lot of education to say, how do you make these great cocktails but make them fast, so it's convenient for the bartender as well. >> reporter: staffing issues and travel disruptions ramping up again with thousands of flights canceled and likely more to come travel woes are not expected to discourage people from taking a vacation in 2022 w

if you believe this will get normalized, airlines, cruise lines, hotels, probably expedias, booking holdings'm not there yet on it. i don't see the institutionnal buying in the stocks right now. that is what matters to me most. definitely have an eye on that going forward. charles: jamie, less than a minute to go, looking forward to where you think the ball will want to go, where will that be? >> i think that you're getting good chance to buy financials. yield curve, treasuries are dropping. banks are getting shellacked. this is a good place if you're wanting to own financials this is a good place to enter, jpmorgan is good chance at 150. i feel like that is a good place pour opportunistic buying. future stocks, health care is good place to be. charles: we're always for opportunistic buying. thank you, we'll talk to you all very soon. the number one question investors are all asking, when will it stop? like we go through the charts we have one of the best with the answers. we'll get to that after the break. anti-work movement, the promise after socialist utopia, you will be absolutely floore

names like expedia had a big day and they've built on it again. i'll say this and stop talking the airlines topped out in april long before anybody heard of a variant. now they're starting to turn now. it makes you wonder what they knew then and what they know now. >> interesting we were commenting yesterday that the message on the market wasn't a cher one in terms of virus organization virus off however you want to put it we did have carnival, lyft, american airlines. we had those go higher we had staples go higher it is almost the sail thing today. we had technology. we had energy. we had industrials, financials, so many things were up that don't necessarily mean risk on risk off for value versus growth >> i was not in that camp. they were saying that it is on we were talking about tom lee. i know he'll come on in a second he was talking about pinpointing today as the day when it starts. the santa claus rally. a little too granular for me and what i can do with the markets but he nailed it what i was looking at very closely were those mega cap n

give you are much further out than a lot of the ones we've cited the first ones are june 170s in expedialieving that travel picks up after omicron and the rest kind of becomes hopefully something in rear-view mirror, scott. they're buying $8 out of the money june 170s. like the trade i'll sell higher strikes as we approach that 170. next one, bloomin' brands. blmn the stock was $18and 50 or 60 cents. 1.2 million share equivalent of the april 22.50 calls. again, i bought at the moneys and will hope to sell those higher strikes against it as it rallies. both of these, it's not a big rush to address that time because they're so far out into the future >> thank you for that. rivian's only delivered a few vehicles it's already beat out the big automakers though for truck of the year comes ahead of the earnings this week the ev trade that'sex nt. reducing our carbon emissions to net zero may be our biggest challenge yet. there's no single action that will lead us to carbon neutrality. but there is a single source of essential sustainability intelligence. s&p global sustainable1. >>> let's brin

moving in this market rally picked up this afternoon reopening stocks are by far the biggest movers expediab up 6 to 8% check out the airlines double digit gains there off the levels up 7 to 9%. and if you're going to fly somewhere you need a place to stay marriott, hilton, hyatt with nice gains today about 5% on the session. ty >>> utilities a top performer today. investors rotated out of tech and into safe haven groups which are the best stocks to lead the next leg of the rally mark teper and mish schneider. what do you think? utilities a place to hang the hat or not >> i have an expression when the uncle is drunk at the door it's time to pay attention. that's what's happening here there's benefits in that it's interest rate sensitive and tells you it's superceding the notion of rates going up and has a part of the infrastructure package so some energy stocks that particularly relate to utility will do well also, water. we are looking at the water stocks within the xlu space but a caveat is that it is not near its august-september high yet and has work to do before it's really sexy. >> ma

jetblue down at the $14 level, that looks interesting to me it's important to look at the move expedia last week, that thing just broke out, my goodness feels like it wants to break out after a huge, huge move. i think those are the places you'll want to be, you'll want to see some rotation going back to the xlk, steve made a really important point. two stocks make up 45% of the weight of that etf, it's microsoft and apple. they're up 35 and 55% respectively on the year, each gaining a trillion dollars in market cap broaden that out to the s&p 500, five stocks, apple, nvidia, tesla, google, alphabet, they contributed 51% to the s&p 500's returns since april, those five stocks alone here is a stat from jpmorgan management the s&p 500's top ten constituents, those five are obviously in there, in november was 68% above their 25-year average, okay? and just think about that. the rest of the stocks are only 28% above their average. those top ten have not only massively outperformed, not only have they eaten the indices they were in, but the higher they go into year end, and carter is probab

turbulence there to the booking names, this is a wider fall with booking holdings down nearly 4%, expediaas a travel name he says will propel your portfolio to the green. huntington private bank, 23 billion in assets under management. his name is dan griffith. what is the name, dan, why aren't you worried about this. >> liz, we're worried we'll not see enough of a bounce-back because of inflation. we added a lot of names like johnson & johnson, crown pillar and microsoft. we like american electric power, pioneer natural resources, b of a and hilton we're excited about now. liz: hilton has had a decent year, year-to-date picture for its stock. down 2 1/2%. don't you feel some leisure names are really tied into the headlines of omicron? but to that end when they're down you say buy? >> absolutely. yeah, we think that is the important piece. of course for a lot of folks who are interested in the essentials for this market and all markets we want to look at names we think have really good fundamentals and long-term opportunities. we feel like hilton is one of those names. liz: federal reserve

travel and leisure stocks, the cruise lines, live nation, expedia, those are among the biggest gainersers and stay-at-home names moderna, biontech, peloton and zoom, all lower. we are continuing to watch wild moves in fresh pet, the pet food maker. last week the stock plummeted when it warned about supply chain issues but then it had a big rebound into yesterday, giving up a lot of that today. a bit of a hair ball now to kristina partsinevelos for a cnbc news update kristina >> thank you, jon. >>> here is what is going on at this hour. the biden administration is extending moratorium on student loan payments that started during the pandemic. millions of americans will now be able to put off student debt payments until next may. the moratorium was set to expire at the end of january. >>> the nba postponing two more games due to player shortages caused by covid. neither the brooklyn nets nor the toronto raptors are able to field the minimum eight-man line-up in games set for today and tomorrow the nba has now delayed nine games this season due to virus-related reasons. >>> a special team

when the news is just getting incrementally better i think that's what might happen here i look at expedia today and say, wait a second. that stock off the map from 154 to 162 that's telling you something i like some of these travel names. airbnb as well. >> american airlines up 2% tim, what do you make of these specific moves >> well, guy said you make the most money when things go from terrible to just bad carnival, they are 23 ebidta is 15% north of where they were in 2019 so by the second half of this year, sorry, of '22, and into '23, the bookings will be, i think, getting back to normal if not, you know, through some of those numbers as just said i think you have to a dynamic with the stock it's interesting be careful we have also said this many times. the ev is different than it was going into the pandemic. so the balance sheet is different. the dilution but again the stock took 130% move higher to the area essentially that it's hovered back to, and think i there is decent support here. i am not worried about the short-term headwinds i think they have plenty of liquidity. we heard t

unvaccinated citizens booking holdings getting an upgrade today from ubs home rental platforms like airbnb expediaeficial should this have a larger effect on travel sentiment >> i'm wondering this time around is it mostly the risk in the travel industry tilted toward international in particular and does international mean something different, certainly if you're in the u.s., big country, there's a lot of domestic travel to do. but in europe not necessarily so are we going to see some of those effects play out again based on what we're seeing so far? >> absolutely, jon if you look at the performance of these travel stocks, they all hit a 52-week high around the time of november 8th when the u.s. finally lifted restrictions on fully vaccinated foreign travelers. right on this expectation that we would start to see a resumption of cross-border travel the data at that point suggested we were going to see more travel europeans coming here and vice versa. but because of this variant there are these new questions about whether there will be similar appetite to travel overseas whether vaccinated or booste

in terms of the stocks, you know , in our universe, we cover booking, expedia, and airbnb.kings and we think to the degree that all three get hit, they probably all revert at some point, as we get through kind of this initial blunt impact of omicron. booking is the one we would lie height we recently upgraded to an outperform it's probably a bigger outperformer into the balance of 2022. liz: okay, so, when you look at booking and i do want to get some longer metrics here, because i think it's important to see how it has actually performed and when you see that over the past 52 weeks, it's up, i mean, barely 5% it's flat year-to-date. would you say that we're really poised for a moon shot, maybe late january? >> yeah, i think you need as i said you need to get kind of through this blunt force impact where we start to see that second derivative, the rate of cases slowing, essentially, and that is what will open people up i think if we learned anything as we've come through several variants now, is that people love to travel and at the earliest notice where they are able to ge

but carnival united, delta like you said, expedia all slightly lower, but they had a great week so far is the thought sometimes sideways it down and sometimes down is just a question of big up days so don't get too caught up in one day is not there. the jobless numbers that came out this morning. 184,000 people filed for unemployment. that's the lowest number in my lifetime. and that goes back to 1969. so jobs are out there to be won by the problem is a lot of people yet. cbs said they're going to have better sales next year in large part is open up more services that we can get. and elizabeth holmes trial with some products wrap up this weekend. it's been exciting and dramatic filled with love and betrayal. >> okay. and i know that she was like a star is born young age, very successful. what i'm wondering is why our young successful millennials not leaving my house. so hot. >> we need to you need to kick them out. 25 years ago i left east the west coast change my careers fell in love with a california woman. very normal and healthy thing to do what we learned during the pandemic is mi

and now with the new theme, the corona virus pandemic lines come as expedia. 1.6000000000 children have temporarily missed out on school. so kia many will not return to school yet. we already know that problems like child labor and force marriages for girls will increase again as a result for me. that was she that pseudonym. that's why it's so important to find creative ways to keep up schooling these award winning photo show deep narayan nyak, a teacher who moved his classroom outdoors and turned the walls of houses into blackboards. and that's it for another day, but the conversation continues online. you'll find us on twitter, i've actually dw news, or you can follow me at gail with, [000:00:00;00] with, with, to own or not to own. what about a sharing economy instead? a change in thinking is changing the economy to create something new. the economics magazine made in germany next on d w, you know, to nuclear power. that's what the brock doth protest is about. one last time after 35 years of struggle by the end of 2022, germany will start using nuclear power. other countries, meanwhi

it is not just paypal and square and tesla that embraced it, it is also coke, starbucks, expedia andstay the exchange is the way to play it in my view. it is a little less volatile but it is still volatile, but it also just trades at 21 times earnings so i think it is very reasonable i'm going to stick with it again, it will be a 1% position in my portfolio but it will remain there >> the oppenheimer analyst that made the call upoming up on "por lunch today. joe, to you. is it that it is correlated, bitcoin and coin base. they seem to move together. >> the correlation is present and it is hard to ignore that currently. it is a strong management team brian armstrong i think is an excellent ceo. i think this is a company that ultimately, to stephanie's point, will proffve itself to kn of break the correlation and be rewarded for the fundamentals in play for the company currently for me, interactive brokers is the way i am playing the exposure to crypto i think you are getting the buffet of risk assets you are able to tran sacksact on in the entirety of crypto a little less volatile, le

that's a bullish sign and seeing airbnb and expedia up 3 to 4%.much as 9%. marriott up nearly 6%. sara and wilf? >> thank you mike, if we continue not to get seriously bad news confirmed as it were relating to the new variant there's probably room to bounce further. >> right especially airlines. that's been abandoned before this phase even with the little bit of a worry of international travel it is fascinating and i have heard that comment before. we get to price in a reopening but you need giveback of activity so it's a fair conclusion to say we are not in the mode again of likely imposing draconian restrictions on travel, business, hopefully you don't get the suppression and therefore not the big reopening. >> i don't know. i don't know how serious that is. >> not making it easy to travel. still powering through. >> yeah. as someone planning for an upcoming trip. i think the question is, do those things therefore get relaxed within a week or a month if the virus variant - >> yeah. how quickly will we reorient >> should you be making changes wit

expedia ceo just in the last hour saying he thinks over time consumers will be desensitized to headlines last week arising from omicron kern said addinging obstacles to travel leads to low every demand. competition is on the horizon. meantime some big moves in the cruise lines among the most reactive sectors to omicron news. sold off on friday rebounding today despite news of 17 cases of covid on a cruise ship in new orleans. >> thank you so much anastasia, good entry point for the broader travel sector? >> i like it i think as i mentioned airlines, leisure and hospitality came under pressure but looking last week be the basket today up about 5% we have several catalysts to still be intact into 2022. we should have the more full resumption of international travel down from pre-covid levels and business travel down about the same so i don't think omicron deters it. i like buying back into the stocks. >> what's the cheapest >> they're all down significantly. it is not a matter of valuation but the upside catalyst here and i think the airline story might be pretty straightforward as the tra

movers here today it's a daily rebound in travel and all the booking agencies, booking all things expedia, also bouncing today retail has had a rough monday. but 2% to 3% move up in most of the retailers. more speculative tech, continues to have modest hits. a lot of them, of course, associated with cathie wood, still to the down side remember when there's concern about higher rates, these stocks that don't have as much in the way of earnings growth this is not something that's and how big is the taper going to be 30 billion, would it move as well on that wile find out september 15th obviously there will be margin pressures for the next several quarters people are arguing that it will. finally, of course, dr. fauci talking about the micron worries not being overblown. we'll see if that happens. we just don't have that much information. finally, just one note here, hanes brand, only a $5 billion market cap, actually moving to the up side. some big changes here at the new york stock exchange. lynn martin will become the new president of the new york stock exchange, replacing stacey cunningh

there's still the same amount and amazon and expedia and innovations so when people as smart as charlieunger, somebody i respect greatly say things like that, i think they don't understand the analogy is to the internet. this is not a speculative asset class. this is a tool that's building fundamental networks to change the world and allow people to own the internet i think he'll come to realize that and some people get to the point in the career where any asset wasn't an asset when they were a goldman sachs partner will never be and so be it. >> dollar up $7 year to date does that hurt the argument, the bitcoin argument >> the dollar up 7%. bitcoin up 300% over the same period if i had to put my money in a haven i want a certain asset allocation to bitcoin. i would. over time it's grown faster and created more it's hard to argue with that. >> thank you for joining us, brian. good to hear from you especially ahead of the testimony next week keep us posted. >>> sell-off day again on wall street been a tough week for the bulls. we have the dow down 250 we are off the session lows. s&p off

also looking at hotel operators, booking companies lags, including names like expedia, marriott, downout the agency's plans for an expected surge in travel during the holidays there is more ahead. stay with us jerry is here! j! mate, how are ya!? it's so good to see you. good to see all of you, yeah! why is jerry so... popular? it's been like this ever since we started using workday. what do you mean? it makes it easier to develop great relationships with our suppliers. now everyone, everywhere loves jerry. they sure do. they do. they really do. mmhmm. workday. finance, hr, planning and spend management for a changing world. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing g

including tpg i think that there is a question on ball street around how your relationship with airbnb, expedialding out this technology to convert some of the customers to book directly on vacasa so is the broader goal to disintermediate the publicly interested companies >> no, not at all. i was going to correct that comment. we're absolute partners with the major distribution channels. our focus is on the supply side of the equation. yes, we have a demand side, but our primary focus is on adding supply there is so much demand for vacation rentals and vacasa's end to end technology solution allows us to bring new supply and meet that demand so we're strong partnerships the intole is not to disintermediate anybody, it is to support and supply what is now the hottest product in travel which is vacation rentals. >> i think some would disagree, but i guess time will tell where you put your money to work how would you describe what your bookings are telling us about how consumers are responding to the ochl vmicron variant are they canceling plans >> they are not. we are not seeing any impact in our

the top gainers on the s&p for the week with some travel names leading the way like carnival and expediae'll be right back. stay with us. >>> take a look at shares of jd.com down over 9% following news early investor tencent will deliver most of its stake in the company to shareholders a $16.4 billion dividend essentially but all that potential, all that distribution could lead to additional selling pressuring the stock. when it comes to so many of the different big chinese technology companies that we focus on, certainly such as alibaba, there's been a lot of damage done this year, whether it's regulatory in nature and the crackdown that's taking place. when you take a look at alibaba, leslie, that's a 5 year, puts in perspective the loss we've seen this year of 50% in its market value. obviously last summer or -- i forget now, the ali pay never happened, series of regulatory crackdowns to speak and overall concern about the chinese consumer and their spending patterns this is a well-owned name amongst hedge funds. one reason why they failed to outperform the broader market yet again as

of the smaller property management companies that manage 100 to 200 homes in your threat against expediave a great product. it's a good one. talks about how, in the u.s., it's not as good as other parts of the world, like europe, where we're strong we always say the same thing we look at opportunities we think is the right price, the right management we always want to be cautious, always wanted to recognize that our shareholders want us to use our capital appropriately. and if there's something there, we'll do something >> inflation, staffing shortages. what would you say is the biggest risk going to 2022 >> i think there are a lot of risks, as there are every year and it's not just we've had covid. we all know we've been through things like sars before covid. and there's all sorts of things that disriment travel. but the thing is demand -- people want to travel. and we've been going through,au obviously the ups and downs. but we've seen a trim line that has been good for travel, since the start of the pan ddemic and hope it will continue. >> nearly every force caster out there suggest 2

because they're not making money and it's the ev the 23 sales higher versus booking higher versus expedias why people sell it. and i'm looking for the accentures of the world reporting numbers much better, and i'm recognizing airbnb is going to take heat be aware this market is not about liking the high multiple techs, the ones losing money, and otherwise there will be a lot of stuff to like you can't -- you're fighting the fed now. that's never been a good thing as fighting tape versus a rally which we have had almost every year between now and the end of the year although cross currents. >> lagarde on the tape saying unlikely will hike next year and can't assume because something happens at the fed it will happen at the ecb. >> santander people say no, they need higher rates. i happen to -- i've been trying to get my arms around great european names and it's been difficult. >> you have a spac analysis. i caution people who sell adobe, many moments where they've offered conservative guidance. he is growing, the company is growing, it's a great company. it's -- it should be on everybody's

while expedia says rome and bali top the searches. >> people are more willing than ever to splurge.their routines for so long that that whole idea of finding some excitement and exhilaration on their trips is really appealing. >> reporter: but the spread of omicron is renewing some concerns one survey in the case, 79% of travelers worry the variant will disrupt their 2022 plans still, united ceo scott cur by predicts transatlantic flights will rebound. >> covid is now endemic. we are getting better as a society as figuring out how to manage and live our lives safely. >> reporter: experts say conditions on the ground are arguably more important to consider than the plane ride itself. >> getting somewhere, even if it is an international destination is not as much of an issue it is where you're landing, what kind of threat there might be. >> reporter: one way travelers are compensating, purchasing influence. >> we saw about 180% increase in people adding cancel for any reason their policies. >> reporter: reading the fine print to know exactly what the travel insurance policy will cover

goes down does come back up at least that's been the case lately airbnb up 2.3% carnival up 2.8% expediauirements the new order would shorten the time line to one day before departure to the u.s stricter than the previous three-day policy for vaccinated travellers joining us now, dr. scott gottlieb, former commissioner and cdc contributor and serves on the boards of illumina and pfizer the i saw comments from the w.h.o. i don't know we've mention them yet. actually i see where you are sending them to. at this point it looks like some of the omicron cases at least ann anecdotally the early indications are it might not be any more virulent or that it could actually be somewhat mild. have you seen evidence pointing that way >> look, i saw the statement from the w.h.o. official and the reporting out of various countries, you know, we have totial, we've only diagnosed 250 cases of this new variant at this point there is a presumption the growth in cases in south africa is surprised of this omicron variant. the reality is they were having a mini delta surge we done know how brisk before this e