cramer's takeaway from gamestop's conference call next you ok, man?ernet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. [ rimshot >>> comical. that's the only word that comes to mind when i read gamestop's quarterly conference call from last night if you don't know gamestop, it's a money-losing video game retailer that peaked ages ago because nobody buys this stuff in person anymore. that's why the stock was shorted, shorted and shorted again by some hedge funds that believed that gamestop had no business staying in business being in business. it wasn't a business but then the stock, oh, it became a battleground. the wall street bets crew they love me, so i'

gamestop? >> yeah, i'll start with that remember that back when?sing more money than expected for gamestop. you had sales down. inventory was lower. cash pile is dwindling but costs are coming down that's why the stock is up. you have more layoffs the past week in the crypto blockchain team and the stock is just about 500% higher than it was -- stuart: have we got a microphone problem? >> i have a microphone on but is it not turned on? it's not working? stuart: hold on a second. we'll come back to you i promise let's move on to this. 14 customs and border patrol agents have taken their own lives this year. six agents have been killed in the line of duty. there are growing calls from both sides of the aisle for president biden, hey, go to the border and see for yourself. peter doocy at the white house. tell me about this bipartisan taps act. does it do anything for our border agents? reporter: we're hearing about this now, not just even though it is bipartisan and can expect bipartisan support, we're actually seeing something very rare, which is dem

so, yes, technicals very much matter in a stock like gamestop.arl, back to you. >> bob, thank you so much. bob pisani this morning. as we go to break, let's take a look the a bonds today of course, the big number of the week is tomorrow that's ppi and inflation expectations but for now, yields are mostly higher still watching that inversion between two tens, the highest in several decades. we'll be right back. to adapt in a fast changing world, you could hire a professional pit crew. go, go, go. sorry. nope. okay. fresh donuts - hot coffee! they deliver real time data and business forecasts when you need it. i think it was fine how it was. (air tool sound) to help you stay ahead of the curve... or you could use workday. the finance, hr and planning system that helps cfos make better decisions faster. on the other hand, we had a great fourth quarter. for a accelerate your decision-making world. workday. for a changing world. ♪ ♪ connecting to opportunity is just part of the hustle. ♪ ♪ opportunity is using data to create a competitive advantage. ♪

gamestop in the middle of the company wide rervamp to become prof profitable >>> and rent the runway adding restructuring plan which is almost complete. the market cap at the open will be over $110 million a stock we don't talk about. it will expect full year sales to be up to $295 million >>> shares of carvana off the worst day on record. fell 42% yesterday up 4% now after reports of the two creditors filed a pact for debt renegotiations for the company. carvana is consulting about a debt restructuring shares are up 4% this morning. >>> let's get a check of the other headlines outside of the world of business with phillip mena >> frank, good morning january 6th committee will release the final report a week before christmas on december 21st bennie thompson said there will be a formal presentation referrals for the doj will be included. >>> in a few hours, the house will codify same-sex marriage protections. lawmakers passed an earlier version of the respect for marriage act in july with 267-160 vote because the senate made changes to the legislation, another vote is needed before it

we've sort of moved on remember gamestop?amestop was $21 yesterday that is the lowest level since going back many, many months and essentially, is very close to a two-year low so, essentially, almost everybody, not everybody, but almost everybody who bought this in the last two years has lost money, is under water at this point, i should say, and robin hood, is other one at the center of all this payment for order flow, also down about 45% or so a year so, carl, essentially, what's happened is the world's moved on there's not so much obsession about gamestop and what happened back then. there's more obsession about sam bankman-fried. but still, these proposals are being floated today. i'll follow that let you know what happens. >> can't lose sight of it. thanks, bob pisani quick reminder, you can get in on the cnbc investing club with jim. he mentioned it a couple moments ago. sign up and find out more at cnbc.com/jointheclub or use the qr code on your screen we'll check bonds on our way out here before a short break. most of

and on wednesday, the consumer credit report and the earnings from gamestop. broad come and costco and lululemon and chewy. and on friday, the ppi and consumer sentiment and wholesale trade report let's talk more about greg branch who is a cnbc contributor. greg, great to see you i'm confused last week, on wednesday, we received a dovish speech from jay powell on friday, a hotter than expected jobs report what does it tell us about what to expect from the fed next week >> the fed is doing something different. they are trying to give us guidance sometimes with company guidance, that guidance will be spot on and sometimes it needs rev revisions. at the end of the day, are we closer to the end of the rate rising cycle probably probably just past the midway point by my analysis i think we will start to hear this in the coming weeks the terminal rate will be more like 6%. that is what the jobs report showed up. powell gave us the santa claus assessment also before we revised gdp number up to 4.5%. seema, it leaves us in a situation where the fed wants to combat inf

stale lot of froth in the customer base, dom, but the largest ten holdings of robinhood customers, gamestopbattery companies in there, so it's hard to grow a sustainable business on that kind of customer they'll say they want to do a cash app like venmo, but that's a crowded field too. players that are a lot stronger than robinhood so i look elsewhere. i don't like the risk/reward here >> chris, just to follow up on that one, how big in your mind is the crypto part of the robinhood story as opposed to the stock trading part you mention a good point, however, i'm a little contrarian there, because i do think crypto is not done and down for the count. i think it's having one of its, you know, semi annual or biannual 70% pull-downs. that might actually work out okay i just don't think the business model of robinhood, which is focusing on young, small accounts, is going to work because as these account holders get more wealthy, i think they'll go to a broker's firm with more services and a deeper bench. >> all right great to see you again >> hey, kelly. >> hi. let's talk some bath & body works.

we get gamestop earnings later after the bell. maybe that ship has sailed.s is something we could keep an eye on. xi jinping is in saudi arabia. this is an interesting relationship and it is going to be interesting to see how it develops from here. the u.s. is a major security for saturday. how does this relationship with china develop? alix: and how does their energy- commodity relationship continue? the closer that they get, it shines a spotlight on the divergence of the u.s. and china. it feels like from a western perspective, a tighter saudi- china is difficult to wrap your mind around. it is not necessarily a huge positive. guy: no, and it raises interesting questions about iran. we have also got the polish central bank leaving its interest rate unchanged. no surprise there. what else is coming up? alix: polish central bank, we are scraping the barrel this december. i am looking forward to cosco tomorrow after the bell. they prerecorded their sales numbers and it was not great and that hit the stock in a big way. that is a big pandemic recession indicat

talking about shorting, and what's your take on this ftx nonsense >> well, you know, the mean stocks, gamestop and amc are baesically played out although i think the companies themselves are not looking forward to any good prospects in the years going forward. but my interest has been in the natural gas limited partnerships, and these are tax deferred, consult your tax attorney tax deferred investments and yield 9, 10, 11% natural gas types. and they are somewhat correlated to oil prices that have gone down and it's a deferred tax play at 10% so i like those as well. >> do you do etfs or individual names, bill? >> yeah, no. there are some etfs that investors should look at almp is a symbol of the largest one, but i'm investing in energy transfer >> et. >> biggest one et and that yields above 9%, and like i say it's not going to show uppen your 2023 tax return because it's a deferred benefit. >> and kelsey warren who runs et has bought over 100 million of his own stock this year. we know you're busy and appreciate your time, my friend. thanks for calling in. >> here we go. the retired bill, we

gamestop announced layoffs. stock is down 30% year to date. i know that you've been finding opportunities in this market, but what do you want to say about the job cuts and whether or not this is going to get worse. >> well, i think you can extrapolate to the rest of the economy. so, of course, they are going start to trim here. that's the hangover after the party. we just talked about the real estate market, it's all about supply and the biggest problem that we have in america is we have a labor shortage. we had 200,000 people leave the workforce just last month alone because literally baby boomers are retiring in droves and we have over 10.3 million job openings in this country. so i think this is a longer testify term problem and i know everyone thinks the fed is going to fix it and all of a sudden unemployment will start to rise, i don't think it's going to happen maria. i do not think it's policy unless we change policy around immigration or we start having more kids quickly. i think this is going to be the bigger problem. it's not going

it has led the s&p over all helping individual stocks, for instance gamestop, despite a challenging quarter. some argue that is based on upbeat comments from the ceo. let's not forget the situation in china and reopening plans to get a -- today giving a lift to macau operators like las vegas sands. siena had a well-received quarter. data equipment player is popping 20%. then we are waiting for numbers from costco later today to give us a read of the consumer. >> i'm looking forward to that. their sales came in a little heavy earlier. it is a traitor down happening or not? earlier we caught up with kelsey barrow from j.p. morgan who thinks that the market is too positive on the fed's ability to hit a soft landing. >> the market is very focused on the fact that they believe that inflation will continue to come down. the leading indicators are there. they are there more than they were the last time that we got a week cpi report and it ended up being a false down over the summer. look at, for instance, supply chains. look at and import prices. look at rental prices. these things are coming down

of the trade from you i don't want to bet against players in there driving things up that's why gamestop and amc were really dangerous and scary >> let's include kathy wood in that group she's not a player ron barren, he's not a fly-by-night investor either >> at $5 by earnings that's a valuation you can pay that justifies owning it at this price. >> i'm intrigued where you were going with this, suggesting in your voice you're thinking of maybe buying this at some point. could you picture yourself being a buyer of tesla common stock? >> for sure. i mean bear markets are the best time when people misplace everything i invest looking forward and you look at what he's been able to do what i'm not interested in is buying ford ford was the same price it was 35 years ago, so this a growth tech company, and i think people thinking he's been so distracted, he's an incredible group of people so i'm definitely interested, but what i'm not interested is to buy it today when it continues just to fall when you have mass sellers. with a company with a 2022 multiple growing that to me looks like a real

stick it to wall street and banks get into crypto just like that, the meme stocks if you remember gamestopas the way to stick it to the hedge funds, apparently, and it didn't play out that way and there was a communal element and people are desperate and it's hard if you're a working person these days to get ahead and save for retirement and that's a failure of our broader economic system, and so a lot of people wanted to believe that crypto provided that opportunity for upward mobility, the get-rich-quick scheme, but unfortunately, it's never that easy, boris and if it sounds too good to be true, it probably is. >> a lot of it had to do with the memetic behavior and people see a lot of other people do it and they want to do it. and celebrity endorsements and a lot of celebrities pushing cryptocurrencies. steph curry who endorse cryptocurrencies need to be held accountable. how so? >> this is obvious, boris, but worth stating which is companies pay celebrities to endorse their products because it will entice customers to buy it, right? that's the whole point otherwise there wouldn't be a c

all right gamestop shares coming into play despite reporting down the earnings. video game retailer posting a loss in the third quarter that was steeper than analyst expectations. revenue also coming in below estimates but in true meme stock fashion. stock is up more than 10.5%, one to watch and then there's express, acting a little bit like a meme stock at this hour. the stock is up about 40% in the wake of weaker than expected earnings. the surge in the apparel name comes after it entered a strategic partnership with whp global. the two are going to form an intellectual property joint venture, whp set to invest $235 million to acquire 5.4 million newly-issued shares of express. they are going to get that at 460 a share, express a buck 80 right now. all right, cleared for take off. the runway delivering for customers looking for flashy designer threadses and shareholders as its stock sky rockets after its third quarter report, ceo jennifer himan joining us next on the "clayman countdown." dow up 128. we were up more than 300 earlier we'll keep an eye on it and w

by the way, expected to report its quarterly results after closing bell tomorrow, and we will see gamestop>> thank you >>> we have soaring costs, and they have not stopped consumers from traveling at or near prepandemic levels let's bring in united airlines ceo, scott kirby what airport did you fly into? >> dulles, but i use both. >> we think the economy is in a challenged spot, and yet the traveling has not stopped. >> yeah, for us, we are still setting records. i think we are basically going to have a mild recession induced by the fed, and there's another trend, and during the pandemic you couldn't travel, go to restaurants or get your hair cut, and they spent money on home furnishings and that's going back to normal >> any sign things are shifting at all when you say there's going to be a recession, is that because everybody else says there is going to be a recession or because you see numbers that says, okay, the dashboard -- >> i spent the weekend in d.c., and when i talk to people in politics, i said if i didn't watch cnbc, which i do, the word recession wouldn't be in my vocabulary

voted yesterday to advance the biggest changes stock market rules in a decade gamestop would alter theationship with investor orders high speed traders who handled the orders this is trying to increase competition to deliver better prices and step up regulation of firms that profit from handling retail stock trades. yesterday's rules opens comments until march 31st until the agency can finalize them the s.e.c. addressed payment for order flow and seeking for additional opportunities sales of roobinhood fell on that news >>> if you have been watching shares of tesla, you know about $180 on december 9th and now it can open at $154 elon musk has been selling $22 million tesla shares worth $3.6 billion. according to the s.e.c. filing last night the sales took place between monday and wednesday this week he sold $94 million shares that's according to research from verity data the market cap is $495 before the move today in tesla. no longer, it has been pointed out, i don't know if he cares. no longer the richest man in the world. >> you will do one of two things with the money or possibly b