best-known the housing crash and a big short, now it's rowing out the 31 million-dollar short bet on kathy woodsization etf, a bernie has been really outspoken about some of our biggest medians and he told barron's were running out of new money available to jump on the bandwagon. jack: what is kathy's response to this? >> she is basically, she said you had a great call on the housing crisis but i'm not sure you know or understand the fundamentals of innovation or how to price them. jack: i'm going to put you on the shot. >> call me old-fashioned but the only way i know how to analyze these things is by looking at the evaluation and there's not a lot of compelling evaluation case to be made for most of the stocks that are in the rt tf and holds more than $2 billion for tesla, billion of coinbase in zoom and a billion of square and there's many other big positions. jack: i looked up the fund on morningstar in the portfolio on average is that 120 times earnings. those beds work really well until suddenly they don't and it can get ugly, one question for you, why you think that the hedge funds are ac

robinhood releases it's first public results after the bell can it leave up to the meme stock hype and kathy wood goes on offense, crypto takes over emerging markets, and controversy in china. dom chu is here with the big drop in numbers. >> they came back closing off the lows what we have today is much more unitif situation the fed units are coming out in just a little bit of time, about an hour or so. and many traders and investors are waiting to see what the latest signals are from the fed with regard to what the inflation outlook is like, whether the interest rate picture will change, maybe rates go higher in the coming months so, a holding pattern. the dow industrial down just .2 of 1%. and s&p about .2 of 1% as well and nasdaq an outperformer if you talk a look at one part of the market that has taken a beating over the last couple of days is the semiconductors, coming off some of the highs we've seen applied materials and the semiconductor smh over the last week we see down 6%, down 4%, down 3% overall. coming off fairly high levels. but still on the technology side if those semiconductors

the stock got obliterated in june and bounced along the bottom while kathy woods buying it hand overt not many others are following her example. le let's get some theories about why it might be. first the robotic process automation space is increasingly competitive. you pass up smaller pure plays but the real issue larger software companies have gotten in too last year microsoft bought softmotive and had their program fee for window 10 users. salesforce, service now offer some form of automation service and get more specific tools from other companies. even ui is a great person in the business someone with deeper pockets will take it from them is their concern it is expensive. trading at 28 times net share consensus sales, not earnings but sales, that's about normal for top flight enterprise plays in the environment but no denying it's pricey for a company that hasn't proven itself which brings us to reason number three, when you their results were good but not good enough they wanted them to knock it out of the ballpark and in-set line of numbers and stock tumbled by 10%. good but n

we talked to kathy wood on all things china, next.is bloomberg. >> with investor feedback that the sec is saying, wait a minute , transparency is becoming more important now. growth is not going to cover all things. it isn't as explosive anymore. i think it's a very good move. i don't know if china is going to comply which means within a three year timeframe, companies here would have to delist. that is a risk. we are thinking about that as well. anna: kathy woods there commenting on new rules for chinese firms listed in the united states. let's think about these. the sec is requiring 250 companies to better inform investors about political and regulatory risk. the sec chair said investors need full and fair disclosure, adding that the new rules will come into effect early next year. randeep somel. lots of ways to think about china and get exposure to china. i'm sure you have your own ideas about how enthusiastic you are about china right now. i wonder if you've given a lot of consideration to what the latest regulatory clampdown's ma

michael bury betting big against kathy woods arc etf.t in just a few so you don't wantot go anywhere "fast money" back right after this 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. >>> welcome back to "fast money. warren buffett's berkshire hathaway making by moves in big pharma let's get to leslie picker. >> warren buffett's firm pairing back the exposure to health care during the second quarter according to the 13-f filings. selling about half of the stake in merck nearly 9 million shares making the position worth about $700 million as of june 30th the firm also shrunk the abbvie and bristol-myers squibb but they were still worth $1.8 billion at the end of the quarter. they closed a position in bio gen. they did maintain holdings in johnson and johnson and teva but they were really small berkshire revealed this month that it had been net sellers of about $1 billion in equities during the quarter after unloading nearly $4 billio

one of the latest disruptors in fin tech it is considering such a big opportunity that investor kathy woodor her key stake in tesla is diving into the d-5 revolution she listed the reasons why it is so attractive on tech check yesterday. >> the movement towards defy which is taking middle men out of the financial services sector, taking the toll collectors out, cutting costs for traditional financial services companies and creating many opportunities for new greenfield opportunities for other companies. i think it is a -- this whole space is, you know, the vanguard of innovation, the likes of which we have not seen before. >> joining me for this conversation is an all-star panel of forward thinkers. kate rooney and and hu sewn and mckenny and james ho thank you for being here kate i want to start with you. as kathy laid out, decentralized finance or defy for short means cutting out the middle man where there doesn't need to be a middle man, right? >> exactly and kathy wood is not the only one excited about this you talk to venture capitalists in silicon valley, this does seem to be the buz

. >>> it's been a minute since we checked in on kathy wood but dom chu has us covered he joins us withwe have the architect innovation etf has become one of the emblematic ones. especially when it comes to growth, technology and transformational type technology the tech innovation on a year to date basis, pretty much flat but a nice run up over the last couple of months trying to find stability and moving higher. the ark genomic and next generation internet etf are the three biggest etfs, active etfs managed by the ark investment group of companies run by kathy wood if you look at near-term trends we've seen develop here, two simple holdings, roku and uipath roku has been a nice simple. but toosimple which does autonomous driving for trucks and semitractor trailers and uipath is robotics and autonomous software, those companies have fallen sharply since their ipo highs. and those particular funds that kathy wood runs at ark are buying some of these stocks up incrementally over the last couple of weeks. tesla, roku and teledoc, the most important companies for the ark innovation those t

kathy wood also had some issues with the near-term possibilities for these names.quick listen. >> we have never said the chinese names are uninvestable what we have said is because of the social engineering, it seems, or re-engineering that's taking place in china that the valuations associated with these companies are damaged and we don't think they're going to go up any time soon >> she also said the way china nationalized its after-school education industry seared the memory and left a lasting impression remember, a lot of these names are down 40% to 60% from recent highs. >>> over to rahel solomon for a cnbc news update >> here's what's happening at this hour. the taliban breaking up another protest with gunfire this one near the airport in kabul where we see a long procession of cars and people carrying an afghan flag that's really become a symbol of defiance unclear if there were any injuries on the news, evacuating the thousands of americans still in afghanistan. and a look at who is leading the taliban and how they'll govern afghanistan. that is tonight at

and we're suddenly excited about the art kathy wood investment in china again.ant to swivel slightly and ask you about why the d.d. news is not having more of an impact? their saying their going to curtail from the investment. isle surprised that isn't hurting sentiment more. >> i mean, certainly when it comes to head count and jobs here in europe. look, they were to us canned on france. they start toed hire some of those positions will now go according to sources. to tell graph saying their going to put these plans on hold for about year so in terms of the impact when it comes to jobs heartless marginal impact there. but this is really about d. consolidating or pulling back to focus on the domestic ambitions which have been significantly curtailed, particularly concerns about data that steams be playing into the european question as well because they don't feel they have a firm grip on what d.d. is doing with the data and how secure it is. we know that's a key priority for officials in the uk. possibly some relief in terms of their footprint. they are one of th

well, the 1st thing was obviously kathy woods of arc invest, that she came out and said that she was acquiring a major stake. and robin hood and her firm has now acquired up to $250000000.00 worth of put. and that has also triggered a retail frenzy by and sparked a big jump in confidence amongst all the retail investors who started buying up the share as well. which puts the entire company market value up to $65000000000.00 from its initial i, p. o debut of $29000000000.00 last week. and now the 2nd reason and probably the more important reason was that yesterday was the 1st day that hood options trading went live. now this is very important because as you know, options give investors the opportunity to lever up and potentially earn outsize returns versus jen just owning the equity stock out, right. so the most actively traded option contract was actually the $70.00 strike contract. and so once you have that, you have a phenomenon called a gamma squeeze, which is what happened yesterday. again, a squeeze happens when option dealers start buying at the underlying stock as it rallies i

we heard from kathy woods, buying back. she is more optimistic than pepcid -- and pessimistic about china in the long term. new york crude is down .7% but still above $67 per barrel. >> let's get over to the bank. we had various economic statement being -- thailand has been hit harder than neighbors by the pandemic. they said that the thai tourism will be slower than anticipated. this is echoing the words of the finance minister saying that the recovery in the country will be taking longer than projected because of the threat of ongoing covid outbreaks. they still remain a key driver of growth and fiscal position does remain strong at the moment. we are looking had delays taking longer than projected in recovery in thailand. the bank of thailand says the economic recovery will be one which is k shaped. we have seen a bit of strength lately. we will get more insight from these stock exchanges of thailand. we are watching the focus today on your subscriber. the governor of the bank of thailand also mentioning this. both of th

kathy woods says she is bullish on the long-term outlook for the world's largest economy.'s block trails the social democrats and polls for the first time in 15 years.

talking about transparency when it comes to the vaccine, kathy woods fired for a new transparency etf -- filed for a new transparency etf. romaine: what is in it? caroline: she will be you tubing about it a minute. -- youtubeing about it in a minute. this is bloomberg. and there you have it— -woah. wireless on the most reliable network nationwide. wow! -big deal! ...we get unlimited for just $30 bucks. sweet, but mine has 5g included. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. switch to xfinity mobile and save hundreds on your wireless bill. plus, save up to $400 when you purchase a new samsung phone or upgrade your existing phone. learn more at your local xfinity store today. >> from the heart of where innovation, money, and power collide in silicon valley and beyond. this is "bloomberg technology" with emily chang. emily: coming up our, shares of zoom plunge almost 17%. it has been a lifeline for workers, students, friends, family during the pandemic.

after dumping her chinese tech holdings in the wake of the country's regulatory crackdown, kathy woode famous cathie wood snapping up those stocks again. >> cathie wood getting back into chinese names through arkf, scoops up more shares of ten cent, pinduoduo and jd.com buying 2,000 new shares of ten cent together those three names make up just under 1% of that total innovation etf arc has been a seller of another chinese tech name. meituan selling 1.3 million shares of that online marketplace in china it does show a turn-around following those regulatory crackdowns out of beijing. here's what cathie wood told cnbc's tech check. >> we have never said chinese names are uninvestable what we have said is because of the social engineering, it seems or re-engineering that's taking place in china, that the valuations associated with these companies are damaged and we don't think they're going to go up any time soon >> woods etfs through ark have attracted billions in new cash since last year. some investors are stepping back more recently according to data from fact set. investors have pull

kathy wood is jumping back into chinese tech stocks after dumping mainland shares earlier this year. with bloomberg's carol massar about why she is feeling more on the mistake and pessimistic when it comes to china in the long run. cathie: we had been pulling out of china. we started last november, actually, after the debacle around the ant group ipo, and really the banishment of jack ma. and we saw increasing signs that the government was going to get tough on companies. in companies that were more than unicorns. they had exploded onto the scene and they had become so powerful, as had their leaders, that they seem to be threatening the government. at least that seemed to be our take on the government's response. so we were cautious and pulled away. our flagship fund has moved out of most chinese stocks. i think we were out probably late april, late may, somewhere around there. it might have been somewhere around there. you never know 100% of the time. i think the online education, really nationalization their was a real valuation killer for the market. so i think that the market is

kathy woods laid out her case why she is -- in the chinese tech giant.s she doesn't believe burry understands investment opportunities in the innovation space. >> china has made its a priority to invest in innovations. i wonder if something is changing there though. the last since november every month, there has been some new form of increased regulatory oversight. crackdowns, social engineering. national i'ding the online education companies -- nationalizing the online excompanies. it seems leek that could be continue contradictory to their desire to become one of the most innovative companies in the world. >> twitter is adding an option for users to report missing ins. it will be reviewed by fact which he recollects. it will run in the u.s., australia and south korea. they will use the report as a way to study missing ins on the platform and identify trends and problem areas to focus on. that is the bloomberg business flash. francine: come up, ten crept not looking good from the -- 10 cent not looking good from the bottom line. this is bloomberg. >> th

so getting back to kathy wood. investing it in evasion and disruption over a long period of time. even when you hear her speak it's not about the quarter it's not about the month it's not even about the year for her. really it's a five-year plus time horizon that's similar to how the invest to pivotal i believe innovation and tech will win over time because we have to keep pushing forward. that's the general theory. you can peel off these individual names and look for opportunities that make the most sense. look for opportunities where companies that have great multiples that have, you know, good valuations and that have the most room to grow and really look at what sector they're in, right, and how they -- their potential for disruption so to answer your question, i'm definitely invested in all of those names that you mentioned that you know that i own i'm just staying the course. but i am looking for opportunities to buy on dips >> speaking of a kathy wood stock she likes, robinhood the stock is lower leslie pick

. >> michael burry does make those headlines, betting against kathy wood, and putting bearish puts against we have started to see momentum wane over lofty valuations and concerns over inflation. perhaps michael burry taking a big bet because he has a short position in tesla, and tesla is the biggest one waited within kathy wood's etf. francine: coming up, bhp exiting the oil business and merging operations. we will get all the details, shortly. this is bloomberg. ♪ francine: welcome back to the open, a little pressure in line with equities. the ftse down 0.2%. they did open lower a half percentage point, better than it was 10 minutes ago. the focus is what we heard from the asian economies, the impact the delta variant could have on the economy worldwide. and we look forward to jay powell to see any clues about tapering or insight into inflation. let's look what is on the move. this is on chinese regulatory concerns, we have a great conversation with carsten brzeski on what we can learn with what beijing is doing. they are cracking down on financials and technology stocks. the other one we

renters are actually quite furious with robin hood and it really wasn't until yesterday, after kathy woods came out and said that, hey, this is, this is great. we have a very high price target. we're going to be acquiring a big chunk of position. so read it as basically solve this as an opportunity to ride the wave up as well as renters also saw the fact that literally it was the 1st day of options trading. it was a very easy way for them to spark a rally spark a squeeze. and as you know, this is a game that retail traders like to play. they play short squeezes, they play gamma squeezes, they play delta squeezes, very obvious, technical positioning to be and for very, very small float. yeah. most christie, i thank you so much for your time and insight on this one. thank you. new york city has begun the 1st city in the nation to require proof of vaccination for most indoor activities, including indoor dining, working out at the gym or even seeing a performance. the announcement was made by mayor build the blasio on tuesday. now this move will be the 1st of its kind for a major us city. mean

are you as brave as kathy wood? would you take on china tech risk at the moment?at the moment we think it is a little too early. it feels like a bet, like a gamble opposed to an investment. you don't quite know when it comes to this regulatory tightening. we don't know if the equity selloff was enough to really sharpen their minds or whether they feel that that is just the price they are willing to pay to reach the goals that they set out. remember, they have been very clear how they want to restructure the society and how they want to lower income and wealth inequality. that doesn't happen overnight. regulatory tightening is not going to disappear either. it is about managing the balance and clearly the balance has gone in one direction. now they seem to be going to the middle. but the uncertainty is still very high there. we're not taking that yet. tom: too early to dip your toe back into china. our guest will remain with us. coming up, oil steady after its biggest surge in months. iron ore jumping as investors look for more stimulus in china. all of the latest

kathy wood laid out her case for why she has been pairing holdings tied to chinese tech giants.utted investor michael burry. she says she doesn't believe bury understands investment opportunities in the innovation space. >> china has made it a priority to invest in innovation. i'm wondering if something is changing there though. since november, every month there has been some new form of increased regulatory oversight crackdowns, social engineering, nationalizing the education companies. seems like that could be contradictory to their desire to become one of the most innovative countries in the world. >> global news 24 hours a day on air and on quick take powered by more than 2700 journal estes and analysts in more than 120 countries. this is bloombergs. dani: come up, goldman sachs and morgan stanley find some common ground on stricter covidry strekses. this is bloomberg. ♪ manus: it is day daybreak europe. i'm manus cranny. the riefls, goldman sachs, morgan stanley. suddenly have something to agree about. dani? dani: yep. they are agreeing on more strin jept precautions for st

kathy wood says china's clampdown is stunting innovation and equities are poised to reward disruptive strategies plus the taliban vows afghanistan will not become a terrorist safe haven. markets today were glued on chair powells comments out of town hall for educators and students. he emphasized how the covid pandemic is casting a shadow on the economy. we will get more details on his policy outlook at jackson hole next week. >> glued to what beijing is doing next in its regulatory crackdown. it was another tough session for u.s. listed chinese adrs. take a look at the chart we have, just taking a look at that. overnight, we saw some of these big tech names falling for a sixth straight day, 98 of china's biggest firms listed in the united states. they issued a set of draft rules preventing or aimed at preventing unfair online competition. shery: we continue to watch the geopolitical tensions coming from afghanistan. we are now appearing from house republicans that the u.s. should stop the taliban led government from being able to use $500 million in ims reserves while watching closely

does well a it gives you an idea of how the sentiment has shifted but the reason why, perhaps, kathy woodet stocks. if things drop any further, could represent a value trade. >> worth mentioning soft bank, who has been hit hard on its investments. so many are chinese-related companies, such as alibaba >>> time for a news update leslie >>> i'm leslie picker and here's your cnbc update at this hour. as afghanistan's defense ministry is showing air strikes, the military is losing ground as u.s. forces withdraw and reuters reports they think the taliban could isolate kabul in 30 days and could take control in 90 days >>> a majority of parents, age 12 to 17, are against a vaccine mandate for school students. it also found 63% want schools to require masks for teachers and students who aren't vaccinated >>> youtube is shutting down senator rand paul's event for a week for posting something saying claulgt masks don't work. he said he calls it a badge of honor. >>> messi is telling reporters he hopes to lead the team to a champion's league victory. i know my husband will be watching >> thats woul

adrs because they gained grounds for a third consecutive sessions on news from tencent that left kathy wood to jump back into the market. dark investment buying into those adrs on monday. this is the china index, falling to the largest inverse correlation with global stocks on record. ratio of underperformance at a level we haven't seen since 2016. perhaps this keep valuations helping, offsetting concerns from the sec demanding enhanced disclosures. we did not hear more details today on consequences if these companies did not disclose or how long the ipo pause would last, but we will have more on that discussion in a few minutes. it was really about the optimism in the markets, especially after the house of representatives adopted the 3.5 trillion dollar budget resolution. there was a lot of political maneuvering from speaker pelosi but she managed to get the progressives and moderate democrats on board. we are looking to the 550 billion dollar infrastructure till for the vote to be set up. haidi: so much being driven by the economic optimism as well as the extraordinary amount of monetary

kathie wood is dipping her toes into the chinese stocks and she talked about that. essimistic about china longer run because i think they are very entrepreneurial society. sure the government is putting more rules and regulations in but i do not think the government wants to stop growth and progress at all. greg: these comments, the time when bloomberg news -- come at a time when bloomberg news heard there is a lot of policies at stake. we bring in anna ashton. thank you for joining us. as far as how the two political regimes are feeling. anna: i think the political regimes have been slow to engage in a way that makes it clear to the u.s. business community or the american people, and probably the chinese people, exactly what direction the relationship is headed. the biden administration has it seemed to embrace the trump administration's policy, but we know that they are engaged in an ongoing review of the china trade policy of the last administration and we have repeatedly heard that they are going to be rolling out their policies but it is all in good time. they r

we heard from kathy woods,

i'll take bars of gold in terms of the other areas when we were off camera, i suggested speak to kathy woodore eloquent and you really should give me much more time. i'm fascinating. >> the next time, we'll try and do that. it's great to have you >> you should. >> we appreciate it. >> see you later >> the rock legend gene simmons on this. pete, i don't know how you follow that? >> i don't know. that was fantastic i loved it i don't know >> he has art work he's a piece of work >>> up next, your final trades i'm dad's greatest sandcastle - and greatest memory! but even i'm not as memorable as eating turkey hill chocolate peanut butter cup ice cream with real cocoa. well, that's the way the sandcastle crumbles. you can't beat turkey hill memories. ♪ someone once told me, that i should get used to people staring. so i did. it's okay, you can stare. when you're a two-time gold medalist, it comes with the territory. this is how you become the best! [wrestling bell rings] [music: “you're the best” by joe esposito] ♪ try to be best 'cause you're only a man ♪ ♪ and a man's gotta learn to take it ♪ ♪

wednesday, march 1 day of options trading on the stock and kathy wood is continuing to add robinhoodres. a belarusian olympic sprinter has had a feud with team officials. it made her feel she could not safely return home and she landed in warsaw on the humanitarian be set. authorities confirmed christina flew in from tokyo via vienna. in a statement, she said belarusian team officials tried to force her to fly home early after she criticized them. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. haidi. haidi: the biden administration has approved its first arms sale to taiwan in a potential $700 million deal amid rising tensions with aging. let's cross over to stephen engle for more. this is obviously going cannot help that relationship. stephen: that is right. obviously, it comes at a tough time between china and the united states and we are looking for signals from the biden administration on what their taiwan policy will be and how that affects the ch

the investor made famous by big short film has taken aims at kathy woods already investment management. according to filings, is asset management again shares of the ark innovation etf in a position valued at almost $31 million. it is also banking heavily against tesla as a topic. u.k. business secretary wants to unlock 4 billion pounds of investment in hydrogen production by 2030. a strategy being launched today will aim to use similar incentives to those that boost offshore production. the government believes hydrogen could provide as much is 35% of the u.k. energy needs by 2015. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts and more than 100 20 countries, this is bloomberg. manus: we had it in the market check. but looking at the kiwi, it really has taken a back. one covid case equals 1% drop in the kiwi this morning. there you go. there is the new zealand dollar down. the marninr cover. we were up with a rate hike will it come? dani: almost a 1% pricing out of a rate hike. one equals one equals nearly one in this

i mean the kathy woods names are off a little bit but a lot are consumer focused names pal tear is thexception. amazon, roku for example there are some clear reasons why reopening would not be as beneficial to them overall the problem with the smaller names, the cathie wood names, many of them that she likes is their earnings are really farther out for some of them you have a discounted cash flow model. when interest rate rise the future value for companies with earning growth that's going to be way in the future drops dramatically because higher rates make alternative investments like bonds more attractive that's the real problem here right now, the evidence is pretty modest that worry going to see any dramatic drop in interest rates the market has been totally wrong on this all year but even modest moves upwards makes people nervous that are in those kinds of names. >> lot to process today on this jobs friday. bob pisani. >>> shares of mobile gaming company zynga getting hurt this morning. joining us this morning is ceo frank gabot. good to have you back. good morning. >> good mornin

kathy woods has been reducing holdings tied to chinese tech giants.ers spoke. >> we do own in some of our more specialized funds at chinese stocks. we have tried to stay away from those that are privy to a lot of private information and our online. although you cannot stay away from all of them, but we have minimized our positions significantly in -- and in our flagship fund, we do not own any more chinese stocks. ritika: she says crackdowns have hurt innovation. global news, 24 hours a day, on air and on "bloomberg quicktake," powered by more than 2700 journalists and analysts in over 120 countries. i'm ritika gupta. this is bloomberg. ♪ this is bloomberg. ♪ >> it is demoralizing, but we have a danger in front of us. we have to be careful. school systems have to make the right decisions. we have to not all backup and go out to do battle against the pandemic again. jon: it just keeps going. i was the johns hopkins bloomberg school of public health vice dean. from new york city this morning, alongside tom and ann lisa abramowicz, i'm jonathan ferro. al

-- gaming, also getting a 5.33% bump, and draftkings moving higher by 5.5% as karat ty wood -- kathy woodsd's fans here in the u.s. soon be crying over spilled milk shakes? the golden arches have run out of both milk shakes and bolted drinks in the united kingdom due to supply chain issues and worker shortages across the pond, so both are now off the menu. so far no word yet on when they will return or whether this could extend to other markets like the u.s. and hit the bottom line. we don't know. right now mickey d's is clinging to about a quarter percent gain. and are are the nonfungible tokens coming to the social networks? facebook considering adding tools and features related to the growing nft market as part of its build of its coming crypto wallet, this according to an interview with the head of the financial unit. shares of facebook up just under 1%, but it is budweiser that's really hopping into the nft craze. the beer titan changing its twitter pic to a rocket ship design by artist tom saks which which it bought for $25,000. budweiser has also reportedly purchased the beer domain

major catalyst but i just checked, hood is the most fengsed stock on wall street bets today and kathy wood purchased about 89,000 shares yesterday. john, back to you. >> all good in the hood if you own it thanks >>> joining me to weigh in on the meme trade and give us his best ideas is michael leeb ert, portfolio manager, barron opportunity fund the 5-star fund is up 10% this year and about 130% since last year's bank low. mike, so, tell me what is going on you think in this market? over all it's a bit tough, but amd was under 100 until a couple days ago you know, before earnings. now all of a sudden it's got this attention which i guess is a short term good thing because a real company uses that too >> i would say about amd there's obviously a real company underneath and there's obviously big long term trends whether you think about what's going on with ai, artificial intelligence, think about building out data centers, what they're able to do in intel there's much more of a long term trade in amd than perhaps in robinhood. >> i guess what i'm wondering is you look at things like game sto

this as kathy wood announced her ark innovationing is etf has inebb creased its stake to nearly 5 millionu about investor appetite for all ipos out there? >>st the not just robinhood, it's through an investment vehicle, solo house through mcg, both are below the ipo print, what they sold it out. soho house is trading at a around 13 today, robinhood was at 38, as you said is, a little bit of a bounce but still not at that ipo print level. you obviously want as nice bounce, that's why you try to price it at the low end of the ipo which underwriters kid in both cases -- did in both cases and still it's below the offering price. so why is that happening in you know, a simple thing, liz, and both of these companies try to reach out to retail investors in sort of a unique way. robinhood had a platform on its app where its customers could participate. same with soho house. they're not an app, obviously, they're a private club. very good private club, by the way, i've been there myself. liz: ooh ooh, fancy. >> they allowed internally their clients to buy a hundred shares each. so it was marketed

well first we had arc invested kathy wood buying in that gave some investors confidence and a lot ofrest as well it was the most mentioned stock on reddit according to date a on thick num. and the rally on wednesday coincided with the first day options trading was available for that stock and take a look at action in net purchases for wednesday versus the rest of the week buying was more than five times higher than it was just a day later. that is according to vander research and on thursday, more of a bearish tone investors were concerned about lockups forrin seeders in a regulatory file. but they don't expect insider shares to get approval to be sold until august 18th it is not clear if they will sell and they are not obligated to but they have the option to sell and the company saying that robinhood itself isn't selling shares or don't plan to. and into next week, the action does not look like it is slowing down, brian. robinhood was one of the most single stock options the combination with calls and puts implied big moves in either direction. according to mike khouw, the options

so, clearly -- and there's also kathy wood who sees opportunity here but i think the long term pictureina, are you saying we just don't know what that looks like. >> i completely agree with deirdre that this is -- there's a lot of uncertainty right now because if you look listen to xi jinping, this is not new howeverthe way that they're going about exacting how common is going to be done in china, a whole series dealing with unrelated inquiries into various tech companies practices, whether it's data, workers, which tells you that nobody knows how they're going to get picked they simply know they might get picked by virtue of being open to the process >> that's what we're warned about as well. >>> let's check in on what's happening with the chip shortage taiwan's semiconductor, which is one of the largest in the world and apple is announcing price hi hikes of up to 20% as the shortage persists. ta rising prices seem to be helping the industry taiwan semiis up 10% this week all components of the index are positive steve, i guess if people are accepting price all up and down the supply c

performed that well as we remember from years during the last expansion speaking about performing well, kathy woodswith china but he had still has plenty of concerns in a cannot presentation she said the valuation of chinese companies may still not have found a bottom the championa etf is still down 50% from riechts highs wood dumped nearly all her exposure as that index is down about 3% this year michael yoshikami kathy was saying she's still open to ideas emanating from china but i was suprised that she's not yet buying the dip so to speak >> i think it's way too early to buy dips, kelly. i think at this point it's really a huge unknown what the chinese government's going to do look what they did to the education industry people are talking a lot about tech the education industry in china, which is a billion-dollar industry, was just crushed when the government basically changed all the rules. so you really don't know what curveball is coming. so in my perspective it's not time to buy the dips it's time to watch, certainly be open like cathie says, but be very, very careful because there's regula

a lot of the chinese companies right now are uninvestable does that help kathy wood's largest holdingat nearly 11% obviously michael bury doesn't agree with that given the valuation. but i might take some of that money and put into one of tesla's competitors, one of the u.s. automakers and i think that is one of the places that that capital could and maybe should go >> saying that you can't use an algorithm im, guy, you could imagine if amazon randomly sent you stuff. that is what it will do. if t will figure out that you like 90s ties and might send you some listings for them >> yeah, i appreciate that it would be amazing if amazon did that because i've never bought anything on the internet as you know. but i understand what you're saying and it would make for an interesting environment. this is what i said last night i thought for the first time in a long time, alibaba set up well that is wrong. the move today was spectacular given what its done since halloween of last year and you ask at what point will the chinese lift their finger off, take their thumb off the market. what i can'

and kathy wood is a big proponent of it. it's come down from 100 into the 70s.eople coming back into the options i would buy it in the 70s, paul. i see upside toward year end >> bren, to you, from say si in fort lauderdale. what are your thoughts on robinhood. >> i try to be a dispassionate investor i'm not a fan of robinhood i have 20 and 16-year-old boys and the fidelity app is perfect for them it incentivizes trading. 3% of assets under custody are from options yet it's 46% of revenues so, if that dries up, i think the scalability and the earnings consistency of that business is of question. i wouldn't be a buyer here and i don't like how it gameifys investing. >> it's been a rough debut for robinhood, currently sitting at $36.92 final trades farmer jim, what do you got? >> general motors has had a rough few months here. it's about 12% off all-time high i'm going to steer into the skid here i'll be on after the earnings report >> the decree of mary barra is going to be on "squawk box" to discuss those results wednesday. we can discuss on the other side when o

sl slaugt looking for the bottom is a good strategy because the bottom may not exist >> we heard kathy wood say earlier this week her memory would be seared about the fact that china nationalized the sector that said, we know the agenda. it's 1950s america it's encouraged child bearing and put families first and anything that makes the cost of living too high or interferes with those goals is subjugated to them. to me it would seem a platform like alibaba, won't they ultimately become utility like in the sense that i don't see why they themselves would be some direct threat to this goal that china has to increase its population growth. so, could investors at some point just say, listen, they've fallen but they're not going anywhere and that maybe the upside is capped but so is the down side. >> i think that's a good way to think about it, kelly. but let me toss out one thing that xi jinping has recently announced as ai goal, and that is how he looks at accumulation of capital and the distribution of capital i think xi has a plan to survive. also an expectation that some of this wealth is go

one of those fund managers has been kathy would -- cathie wood.he has been close to zero in terms of exposure to chinese tech, here is what her case is, take a look. >> china has made it a priority to invest in innovation. i'm wondering if something is changing their, though. the last since november, every month there has been some new form of increased regulatory oversight, crackdown, social engineering, nationalizing online education companies. it seems like that could be contradictory to their desire to become one of the most innovative countries in the world. david: tencent is a key victim of china's crackdown on the tech sector. they reported their first profit decline in almost two years. yvonne: our chief correspondent with expectations. is in about numbers or regulation? >> it's all about regulation because the numbers are reflected. otherwise, it would be a juggernaut. we all know $766 hong kong earlier this year in january is down now, $441, it's lost $416 billion in market cap. it has risks of falling out of the top 10 of the world's mo

total volume was up tenfold from monday because you have kathy wood, endorsements, 65 million worth inhood, interesting ipo allocation of a third of the shares to the retail. that's helping boost interest and chitchats on these reddit boards. stuart: has gone up enormously. susan: up 15% in premarket and don't forget the ipo to 38 bucks. they finished below that level. now at $53. stuart: the meme stock, i'm telling you, that's a meme stock. look at that, general motors, down 4%. what is the problem? susan: well, they made less money than anticipated, most of that, $1.3 billion goes back to recall costs. they are still raising sales guidance for the year which is a great thing. we have gm shutting down the 3 north american plants next week because of the chip shortage but i guess heard on the earnings call that: exempt ecs say the chip situation is fluid in their words. stuart: 3 plants closed to chip shortage? susan: yes. stuart: cvs? >> administered 13 million vaccines, boosted sales and they're raising minimum wage to $15 by july next year. hourly pay start going up next month and y

kathy wood has been increasing her stake in japan since the middle of august. selling some of the stock in may. they now hold $70 million worth of receipts. shares are up over 4% in japan. the total production issues with apple's new smartwatch could limit supplies or cause shipment delays. the source says the problems are linked to a new design that cause -- the series seven is expected to be unveiled in the coming weeks. google has delayed the return to office until next year. work on campus will remain optional until january 10. it did not specify a mandatory return date. u.s. regulators are unhappy with wells fargo's competition for victims. the banks already paid more than $5 billion. we are now told regulators are threatening new sanctions over the slow pace of action. wells fargo is seeking more time to fulfill its obligation. morgan stanley boosted sellers for a second time this month. in china, tech oriented firms are offering as much as triple the wall street rate. this bidding war continues. why the two raises in less than a month? >> the bidding war