it is our top pick despite the regulatory risk. >> up 1% today mark mahanay always good to talk to youte hike time line. >>> carnival shares were a bright spot also today trading after an optimistic outlook from company's ceo at the cnbc evolve global summit. hear what he had to say when we come back on "closing bell." uno, dos, tres, cuatro! [sfx]: typing [music starts] [sfx]: happy screaming [music ends] >>> fed chair jay powell answering questions today after the fed's two day meeting saying we can call this meeting the talking about talking about tapering meeting and we can retire the term. he said more data is needed to determine the time line for scaling back i listened to joy powell and i thought he sounded extremely dovish, what say you >> i think he was dovish compared to what we got in the statement and the sep. i think he tried to temper it. >> the dot plot. >> yeah, the dot plot saying it is good news that we would get to the position where we would talk about tapering or liftoff sooner that means people are optimistic about the economic outcome, feeling good about the econ

mark mahanay is here from ever corps esi. thank you for joining us you have done a big sur vey.potify is the leader in their space? >> wilfred, i think that's the right setup. you are also right that this is a dislocated stock it is a dislocated high quality stock, off almost 40% from its highs. our annual survey -- this is the ninth time we have run this. consistently has shown increased usage. in the u.s. has 2.5 times as many user as the second closest competitor n this case, apple music. in the uk that lead is like three to four x greater than amazon music and apple music n. our book, it is winning the music streaming wars and they layered in podcasting for which we find increasing pop layer it microscope the use case stronger it is a question of when the gross margins and the profits of this company start to tip. we think it will happen in the reasonable short-term. that's why we like it here while it is dislocated >> part of the reason you think that can and will happen is you think they have got a lot of pricing power? >> yeah, this is the first time ever that the company