>> we know kathy wood likes to buy on the dips.t's the hyperpandemic road makes the comps look really bad and shares get punished. even amazon experienced it in this last earnings cycle >> julia >> i think the question, is this a different type of dip? is this a dip reflecting stulkt structural challenges for zoom and robinhood? if you look at the legal challenge to robinhood, you think payment for order flow if that is indeed restricted or banned, that would have a fundamental impact on robinhood's business model for zoom, not only was this a high flier of the early days of the pandemic, but there are questions about what kind of competition it faces for microsoft, google and others >> sure, and marianne, let me circle back to you if these names aren't attractive to, what would you be sticking in the portfolio right now >> we still like facebook. we think that that double digit growth and the digital ad market is very strong we're looking for total overall 20% revenue growth and earnings growth about that. and it's selling at 24 t

red or just about a flatline we're looking at semisoftware, big tech versus small and what moves kathy woode to rebalance her portfolio yesterday. what should you do or not do in this market? we will discuss. >>> then, exclusive with the ceo of cyber security giant crowdstrike, as that company's stock quadrupled since its ipo finally, a check on apple. reviews of the iphone 13 are out today. ios 15 out, too. what apple's newest hardware and software will mean for the company and the stock. >> jon, we'll start with the continuation of this week's selloff. dow is down 40 points giving up all of their early gains this morning. that early rebound now completely wiped out our senior markets commentator mike santoli joins us with more as we watch to see if the nasdaq turns red mike >> karl, unfinished business yesterday's final half hour, rebound might have stolen the usual next day bounce from pretty stretched conditions to the downside take a look at the semiconductor etf. what's interesting about the sub sectors of tech relative to the s&p 500, the big news yesterday and friday was that the s&

kristina partsinevelos >>> coming up, kathy wood remains bullish on crypto, saying bitcoin could hit00 in the next few years. what about the regulatory risks it's facing? we told you about the companies facing supply squeeze. some are dealing with it better than others. we'll talk about the manufacturing moves they're making and where they're going coming up. (vo) at t-mobile for business, unconventional thinking means we see things differently, so you can focus on what matters most. whether it's ensuring food arrives as fresh as when it departs. being first on the scene, when every second counts. or teaching biology without a lab. we are the leader in 5g. #1 in customer satisfaction. and a partner who includes 5g in every plan, so you get it all. without trade-offs. unconventional thinking. it's better for business. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandw

shannon is it time even if you love these names to at least take some money off the table like kathy wood appears to be doing in arc >> well, kathy was a great investor and is thinking about things in terms of portfolio construction i think if you are looking to create a portfolio that is appropriately positioned for 2022 and 2023 you do want to make sure you have cyclical exposure in it however, i would differentiate consumer cyclical and business cyclical i look at a company like apple we're talking about right now different than a company like microsoft which i continue to think has a significant tail wind from enterprise bent and the growth in the business cyclical side of our economy i think over the next six to eight weeks we'll be challenged a bit. i think that is why you've seen the move into technology stock i think it has been a somewhat defensive move for portfolio managers and investors alike so there could be some trimming on that as we look to potentially crest this, you know, third, fourth, whatever wave we're at on covid from the delta variant. but i do think you want to m

matt: i am sure you know what you are getting when investing in kathy wood. she is a bitcoin bowl.shouldn't surprise anyone. i am guessing she would invest in pot stocks? also very big in canada. why is that the canadians embrace we need and bitcoin more than the americans? amanda: easy for us to do pot because we had a easier path to legalization. you don't see canadians as the wild and crazy rick's -- risk takers. junior mining companies are risk takers when it comes to capital formation. it's the one place we put it all on the line. matt: very cool. so many great things about canada. that's just where we start and that's before we even get to female singer songwriters. the plethora of female singer songwriters successful out of canada is unbelievable. joni mitchell. alaniz morrissette. avril lavigne. celine dion. sarah mcglocklin. it goes on and on. this is bloomberg. ♪ matt: this is bloomberg markets. the leveraged finance market bracing for a surge in new deals fueled by burning demand for mna financing and investors hungry to get their hands on anything that offers an alterna

manus: later in the show, we focus on the warnings from kathy woods and scott minerd.hat are the next big risks? ♪ ♪ dani: welcome back. investors are finishing the third quarter concerned about global growth and inflationary pressures. a looming energy crisis and fears of a 20% pullback in stocks, according to a survey by city which we were discussing earlier this morning. it's not just the bond market fears. it's those equities. let's dig further into this. joining us now is nick nielsen. thank you so much for joining us this morning. the calls stacking up on wall street of the fragility of the equity market. are you preparing your clients as well for more pain in the equity market coming into year-end? nick: i think we are in a correction, a small correction right now. go back all the way to november last year. we had the good news on the vaccine for pfizer. we hadn't had a 5% pullback in the stoxx 600 and european equities which is quite amazing. very uncommon. i don't think we should he too shocked to see this pullback. i think it's no coincidence that there are c

sonali: kathy wood and her view on deflation is controversial at a time we are seeing inflation but she is talking about big technologies that are going to drive up the prices of many things from artificial intelligence to electric vehicles down over time and ultimately have effects on productivity on the job market. mohammed -- worried about inequality and the impact that will have on global gdp. political economies and what he calls the potential for a lost generation. a very scary thought when you think of people entering the job market and perhaps not ready for what they may find. i was talking about how scott minerd often talks big risks. last year, he worried covid would be something like the spanish flu. of course, we have seen the death rise, but now he is worried about cyber risk. >> how was his risk not crypto plunging to zero? sonali: over things that people are not paying enough attention to, we know that the business of wall street is a -- risk. these are places where people are not looking. speaking of, here is what scott had to say about cyber. >> the thing that bothers m

it's on a double-digit surge so far this month speaking of kathy wood, goldman launching ztf called g tech looking to invest in stocks smaller than 100 billion in market cap, calling out the concentration of value in the mega cap names and predicting the dominant platforms will be very different in ten years. the manager of that new fund is on today at 1:00 p.m. eastern time, and "tech check" is back in a moment. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. if i could, i'd ten-x everything. like a coffee run... don't just sell it. ten-x it. does your vitamin c last twenty-four hours? only nature's bounty does. immune twenty-four hour plus has longer lasting vitamin c. plus, herbal and other immune superstars. only from nature's bounty. 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 >>> welcome back cnbc reporting go

i came in to hedge my positions and to make claims kathy wood, i think she'll win out eventually, right now is not the time. >> i think what's interesting -- >> i know kathy wood and you and i know that we'll agree that that's not our style, but let me ask you this, you said earlier when the government funds itself the market's going to rally. how about i say when the government approves an infrastructure bill. i don't know if they will, but they're voting on it thursday. you know what? what if it does get approved what will you do then? will you wish you had bought today when you are buying at higher prices then in the infrastructure bills passes, these cyclicals will -- >> you suggested that the bulk of the move lower in the market and the volatility is due to washington and not to the velocity of the move in interest rates and you're certainly entitled to that opinion people will debate it and we're happy for that debate. i think one of the most punk moves in the market today, pete, the financials themselves which have been hot lately, but you see the financials now rates are going u

that is what we asked kathy wood, and she says while many investors are worried about inflation, shethe opposite problem, deflation. >> just like howard marks and ray dalio. all of them have been very, very concerned about a deflationary bust. we agree with them in this respect. we think it will be balanced by a do flay sherry boom. it's where we agree is there are companies who thought the world would never change and have been catering to short-term shareholders who wanted that extra penny or two in earnings and got it by having the companies leverage up and take more debt and shrink the number of shares, and they've been focused on dividends. they are probably saddled with products and services that will be obsolete because of the record breaking amount of innovation taking place today, and in order to service their debt, they are going to have to cut prices and move those goods and services on their way out anyway. i am concerned about that. i think there is going to be a lot of confusion around it, as well. that is why we keep our eye on the innovation ball because that is going

he took issue also with kathy wood from ark investments, you know, saying really, essentially, that herecast for bitcoin does not really make sense here so there's a bit of two and fro place with regards to cryptocurrencies as usual. let's just move and have a look at christine lagarde. she has also been the latest to chime in on the crypto space. the european central bank president saying they remain highly speculative. christine: crypto's are not currencies. they are highly speculative assets that claim their fame as currencies possibly but they are not. they are not. i think we have to distinguish between crypto's that are highly speculative, suspicious occasionally, and high intensity in terms of energy consumption assets, but they are not a currency. on the other hand, you have the stable coins that are beginning to proliferate, which some big tech are trying to push along the way, which are a different animal and need to be regulated where there has to be oversight that corresponds to the business they are actually conducting irrespective of how they named themselves. but you have

ray dalio, kathy would, -- kathie wood. our guest joins us. let's set the stage, ever grand.here is a lot of debate whether it is an isolated, contained, not systemic, non-global impact event. containable and how do they do that? >> for us, it is a containable event. the situation with evergrande is a difficult case where the government and authorities have to choose between a dilemma which is on one side fighting a moral -- and on the other fighting contagion. if you take into account the importance of the real estate sector in china, where you have 40 million people working in the construction sector, where you have a huge amount of gdp, related to the construction sector, like 14%, you have one million people committed to buy an apartment from evergrande. it is not always possible for the chinese authorities to have a disaster in terms of restructuring evergrande debt. we expect an orderly restructuring of this debt. tom: should we conclude the reaction we have seen, the price reaction we have seen in terms of property stocks listed in hong kong, it also insurers and , tha

. >>> and one more thing kathi wood's on another buying spree, this time getting discounts. night wood doubled down on her belief in zoom, buying $56 million worth of the stock after yesterday's dip of more than 16% following weeko weak results another embattled name also saw some buying. robinhood with wood adding 260,000 shares to the etf despite the dive last week following paypal's potential entrance to the space and new comments on payment for order flow from graffiti gary gensler. looks like she is looking for deals. but robinhood faces challenges now. >> indeed. and weaver got the nasdaq and s&p at least slightly in the green. to the half now. >> welcome to the "halftime report" i'm brian in again for scott. by the way, welcome to september as well. and tradie kicks off with new record highs for the s&p 500 and nasdaq it's mostly rally on for now but many big names on walds are starting to sound a little bit nervous. so could this finally be as good as it gets for stocks at least for a while? will the merg cap names, apple, microsoft, you know the ones, continue to do

. >> the economic data has not been so great as of late kathy wood pulling out or getting more selective there's a lot to go through right now when you're looking at investing overseas >>> the former head of black rock follows the money to look at the real-world impact of esg and "trading nation" weighs in lots more "power lunch" ahead. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. >>> welcome back, everybody. the merits of esg investing are increasingly being debated with a growing faction of investors and activists saying it has more of a placebo effect. so can you follow the money? how does the investment in the fund have a real-world impact? joining us now is the

we are also watching ark's next generation etf, as we heard from kathy wood that they will be investing in a canadian bit owing etf. it has been all about the tax plan and congress, the ways and means committee releasing the most detailed picture yet of the tax overhaul. the market trying to digest what this means for capital gains taxes, corporate taxes, taxes on individuals as well. haidi: what are the implications for the inflation outlook as we count down to the cpi in the u.s.? we are looking at data that perhaps suggest inflationary pressures, while we are seeing them across the world, they are perhaps strongest in the u.s. looking at the inflation in the united states versus other major economies seems to suggest stronger inflationary pressures is coming through because of stronger demand but also because the economy has received so much more in terms of powerful stimulus. what does that mean in terms of the come down? we did see data when it comes to what is expected, and research from international finance saying delivery and logistics problems are also more specific to the ame

kathy woods -- cathie wood is interesting because she speaks about inflation being the biggest risk ate whenever when else -- about deflation being the biggest risk at a time when everyone else is thinking about inflation. if she is right, it would have massive implications for the corporate bond market as we see so many companies ill-equipped to take on these price fluctuations and ultimately potentially price declines in certain industries, if what she says is right, that many firms have over ordered and have too much inventory to really manage what they are holding. alix: is she investing strongly in that thesis? the inventory build is a real thing, but not like this moment. but it could be a threat. is she positioning for that? sonali: she certainly is. you can see it in the etf's she invests in. she talks about the places where she is seeing these price declines. it is artificial intelligence, dna sequencing, electric vehicle technology. when you see it in those areas and a few others, she is investing in those areas that she thinks indexes don't have enough exposure to, and inves

kathy wood, we know from filings and other sources has had the opportunity and has sold some of her tesla position and she has bought some, too, on dips. are you concerned when someone like chamath reveals that he has no more tesla stock, that he's gearing up for a pullback of some kind in the stock beyond where it is now. >> while we continue to watch very closely at tesla, and i'm not so concerned to what another investor is doing. i have to stay true to my style and my process right now tesla has a hold in our strategy >> let's hear from our headliner today. leon cooperman is with us today. he's chairman and ceo of the omega family office. lee, welcome it's good to have you on the program today. >> thank you thanks for having me >> we will talk about one of the principal reasons why we wanted to have you on in just a moment, but given what's been happening in the market lately, lee, and the fact that generally speaking, when you have come on more recently for sure and i think it's pretty consistent, you've said something to the effect of, if not word for word, that the conditions for a

you have kathy wood and elon musk endorsing the currency.n the crypto crackdown from china. you have had this broad rally that certainly looks like it has legs at the moment. not only bitcoin. also some of the alternative coins that are going up. at this stage, definitely el salvador is adding to the positive momentum in cryptocurrency. haslinda: interesting times. we have bitcoin up while the rest of the market is mixed. rishaad: markets moving to the upside here. the hang seng looking at that one. seeing it at the moment moving to the upside by about 6/10 of 1%. that as we head for the lunch break. tokyo also doing well. they break middle east is next. -- daybreak middle east is next. next. introducing xfinity rewards. our very own way of thanking you just for being with us. enjoy rewards like movie night specials. xfinity mobile benefits. ...and exclusive experiences, like the chance to win tickets to see watch what happens live. hey! it's me. the longer you've been with us... the more rewards you can get. like sharpening your cooking ski

red or just about a flatline we're looking at semisoftware, big tech versus small and what moves kathy wood

. >> are we inflationary -- by the way, we had kathy woods here from s.a.l.t. on monday. i worry about deflation. >> to -- >> to say i worry about it, deflation can be a healthy thing. too obvious to say deflation is because of fed balance sheets. >> mark, thank you congratulations on the book. >> my pleasure. >> thanks, andrew. >>> when we come back, swiss shoe maker debuting on the new york stock exchange. they're running from battery park to the new york stock exchange ahead of ringing the opening belle there. the company's co-founder will joins veex uli nt. ♪ ♪ i had the nightmare again maxine. the world was out of wonka bars... relax. you just need digital workflows. they help keep everyone supplied and happy, proactively. let's workflow it. then you can stop having those nightmares. no, i would miss them too much. whatever you business is facing... let's workflow it. servicenow. this is the gap, that opened up when everything shut down. ♪ but entrepreneurs never stopped. ♪ and found solutions that kept them going. ♪ at u.s. bank, we can help you adapt and evolve you

kathywood forecast -- kathy wood thinks bitcoin is going to $500,000. it's at 46 grand this morning. taxes, the democrats have revealed how they're going to pay for their massive spending. they're going after high income earners and big corporations and small business and estates and tobacco and a whole lot more. and it still won't pay for all the lavish spending. my opinion, it would take us back to the 1970s. it is the california recall election today. president biden stumped for governor newsom last night. he tried to turn it into a contest between newsom and trump. earlier in idaho his staffers cut his mic when he started to answer a question. two personalities making headlines. number one, dr. fauci, when asked about a vaccine travel passport, he said i would support that. in other words, you would have to prove that you are vaccinated before you'd get on a bus, a train or a plane. and then there's aoc attending a fundraiser for new york's metropolitan opera, $30,000 a ticket, and she wore a dress that said tax the rich written on it. tuesday, sept