we can see mastercard tracking ahead. we can also see versus 2019 levels, they are over 30% ahead on switch volumes, switch transactions and improving on across the border volumes. in 2019 the stock is up 22% so that's solid, but versus cross border transactions, they were higher than that, in the 30s, which gets hit when travel is halted or depressed. the company is tracking ahead. and they can provide a bit of an inflation hedge. if gas costs more at the pump, that will be reflected in their numbers. inflation, if it continues to accelerate, but if it remains sticky or goes down, you will still see these prices benefiting mastercard. near term events, just like marriott, key term events, the u.s. is opening its borders to travelers from 33 countries in early november and will receive further updates from management as well as buy now, pay later trends and the fda is doing their approval for pfizer for younger kids people will take their kids on vacation if they feel a little safer. look to augment a position in masterca

levels to mid 2023 we saw both visa and mastercard decline.s our firm's view that management was being overly cautious there at visa we have additional information through mastercard's print for our view mastercard's key statistics they provided shows that the delta variant temporarily pressured results. we can see mastercard tracking ahmed in october for switch -- ahead in october for switch volumes, cross volumes we can also see versus 2019 levels, they are over 30% ahead on switch volumes, switch transactions and improving on those cross border volumes here in october so in terms of fundamentals, we look at the stock price over a two-year basis in 2019 the stock is up to 22% so obviously that's solid. but versus cross border transactions, they were higher than that, so in the 30s which get hit when travel is halted or depressed. the company is tracking ahead. plus we look the fact that companies like mastercard can provide a bit of an inflation hedge. if gas costs more at the pump, we use our cards that will be reflected in their numbers. i

with mastercard. to me, it's a really, really big, no the just for sent bent but also just for moving it along the growth path. >> feels like there is a crescendo of events in the crypto space $1.5 billion after 10 straight weeks of in flows into bitcoin where are you standing here on where we come? how far we've come >> we've come remarkably far the pull yakz were ones really largely institutional adoption was there to buy and most of what we were talking about, headlines that were accurate or not, in terms of where china was pulling the plug bk made this point this is the fifth time they've done this. but the institutional adoption has been waiting to pull back. the regulatory environment is adding to the scene here that is good for price is. i realize this is about decentralization institutions need this they need to be able to buy. ultimately for mastercard this is a story that i think is really a value embracing the future i think with mastercard more importantly though, the stock has been held t

>> yes >> i tend to agree i think the main problem with the mastercard are the pay later companies. one of them was bought recently by square. and i think that's going to be mastercard needs to be creative about finding new ways to get millennial and younger consumers. that's my only concern with mastercard and that's what's been holding the card back. >> i think they did make a move to get into that space in all fairness. kate, one of your picks was octa, can you give us a pitch why people should look to buy into shares of it? >> yes it's something you need. the identity space is huge it's an important area, it's a big part of cyber security and it's simply essential. that's why you need octa >> katie, back to you, agree or disagree >> the software names have been under pressure recently, the cyber security names as well it's that high growth arena right now that we would stay away from broadly speaking given the short-term breakdowns we've seen in the space. doesn't mean that okta doesn't have long-term potential but i think from a timing perspective or risk-reward perspective the

the charge card companies led by mastercard, and i truly mean that, the mastercard economic instituteanular work on modern america. bricklin dwyer out of yale and columbia joins the charge and we are thrilled he could join us. your work is incredibly important right now about the pulse of america. what does the mastercard work say about small business? bricklin: it is really fantastic, some of the analysis we have pulled out of this pandemic. we have seen small businesses underperform large by 10% during the crisis. businesses that closed during the crisis, small businesses were about three times more likely to stay closed then large. about one in four small businesses. a pretty significant impact as we talk about small business taking the brunt of the impact. it really was substantial. tom: they will and they must go digital. we see this in all of the cardboard boxes in the cardboard box shortages. does small business have the ability to deliver the box in the last mile? bricklin: that is what a lot of small businesses have been trying to figure out. we have seen the rate of digital

mastercard launched a product called mastercard installments what they are providing is essentially a white label version. they are competitive response is they are providing a generic version of buy now pay later that any of their card issuers or any of the fintech partners can use. as a consumer what we should expect that we will see is we will start to see all of our traditional banks like a chime or a sofi all start the offer this type of financing because mastercard is offering it. yeah. >> all right interesting change in the way we do business. >> a big change. that's huge. >> but if you -- the beauty of the credit card is you pay it off -- i mean, those who do not pay immediately, you pay it over a longerert approximate. here you are being asked to pay in four installments i buy a $400 dyson vacuum i have got to pay $100 for four months, what if i get behind i am going to be charged something. >> these companies don't allow you to keep spending you have to address that payment before you can use their service again. >> i see. >> what that looks like -- obviously people are goin

mastercard is launching a new card for people who are behind or visually impaired. the card will be available next year and has physical notches to help people determine the correct way to insert them into scanning machines. mastercard decided against using braille because research has found that many people who are blind actually don't use braille, which is really interesting. >>> coming up next, we're tracking some warmer temperatures. kari hall joins us with the details. >>> we're starting out with a nice cool morning across the bay area with temperatures in the upper 50s and low 60s. while we appreciate the sunshine, it's also nice to see we have rain in the forecast. we'll talk about that coming up. >>> no change here, san mateo bridge steady. we're going to talk about the issue over in oakland coming up. i'm morgan, and there's more to me than hiv. more love, more adventure, more community. but with my hiv treatment, there's not more medicines in my pill. i talked to my doctor and switched to fewer medicines with dovato. dovato is for some adults who are start

can visa and mastercard keep up?isa in particular, it needs to hold above the $220 price point for me to be interested, but if we can see buyers come in and hold up above that level i think it should stabilize. >> all right it is a $219 and change right now so those are key areas to watch. deidre, thank you. our deidre bosa there as we weigh ebay after the bell. >>> let's look at sunnova. the street is expecting a drop fellow solar company end phase, look at it now it is massively running after its earnings beat, up 27% today. that has sunnova up 7% let's bring in pippa stevens with more. pippa, we talked about this yesterday. these stocks tend to run in a group here >> yes, and you can see it with what is going on right now end phase is lifting the entire sector the company said they saw record demand they're navigating the supply chain headwinds and looking for. they gave optimistic guidance. when it comes to the solar industry it is a stock-specific story. looking ahead to sunnova, shares are up more than 9% right

mastercard is good here. i think it will have a great quarter. i think it's buy i think it's real good i think you should buy some. they wouldn't call it ma that's the symbol if it were bad. think about it it's time to rethink the sense of pessimism in the market i think today's rally was a bit about common sense common sense realization that our current problems are fixable. maybe even opportunities like what uber is doing in freight. let's be a little less cynical i'm in favor ofpondering is okay the rich cannot be the only people allowed to ponder despite reporting slower growth, dominos stock was able to claw back from its lows i'll discuss what investors liked about it hit the market with a bang reasons why this west coast coffee chain would be a winner >>> the american trucking association, social it's not a y said the u.s. will need 1.1 million truckers to immediate demand i'll talk to uber freight and learn more about this critical industry stay with the club and stay with cramer use a single hr software? nope. we use 11. eleven. why do a

you're also bullish on visa and mastercard as well as smome of the newer companies. >> we continue to see a third of app downloads of financial services apps being on the digital banks that we're seeing and i know jpmorgan talked about really moving forward internationally with a digital initiative even the legacy banks know if they're going to compete, it has to be on the digital format but a third of total downloads up from single-digit percentages versus the banks a few years ago. the chimes of the world and the borrows and when you include square and venmo in those numbers, two-thirds are on banks. we absolutely think that trend is here to stay and that consumers have shifted to using digital and away from the branch bank >> we're going to continue to follow it. darrin peller, thanks for being with us. >> thanks for having us, guys. >>> apple watch reviews are out and we have the breakdown on that >>> keep your eye on shares of amazon since andy jassy took over we'll have more on jassy's first 100 days in the chair as "techcheck" mebacos ck >>> bottom of the hour let's get a reset

also fintech payment space has been a weak spot today mastercard and visa down 5, 6% on the today fintech down almost 10%. visa had some cautionary comments about volume outlook. but i think in general you can see the performance of all these different fintech and payments proxies. this is a fintech etf. this of course is ipay is sort of broadly in the payment space. really struggled all year relative to traditional financials a lot of that was previous gains. but a lot of it's just a ton of capital being thrown at startups and existing big players and maybe the volume's not quite coming through just yet, guys. >> the other standout is that earnings is really making very clear stock-specific difference this quarter microsoft versus facebook, there's nearly a 10% differential over 20% differential month to date and you could make those comparisons across various sectors as well as earnings have rolled out >> that's right. microsoft and alphabet showing the virtues of being virtual monopolies it doesn't hurt. they're able to grow off massive bases. and you have some losers in that equation

. >> mastercard is today. >> mastercard is 331 we need to focus on these companies.s is a company that was stronger on every single dr drivers. strong for travel, crypto will be a business, but it's largely investment mastercard, when you compare, say, affirm to mastercard, a little different >> a little different. >> they bought back a lot of stock, but now they have $4.8 billion under -- i would bike stock today. >> because the company will be in there. >> i've got to tell you, a.j. and dishis predecessor, these companies are the backbone of merchant work, but we don't think about them enough, because they're not vocal. >> i do make that point on visa, and also did lose some market cap yet, but still a $460 billion market cap company, larger than every bank other than jpmorgan. >> and they gave a cautious guide. mastercard is doing better than writesa right now. >> do we know why? what is it they're doing better? >> they have stronger diversity into travel and discretionary spend. discretionary spend is coming back ahead so, in other words, people stillant baying i

buy whirlpool. >> steve >> visa and mastercard get hurt by affirm. who doesn't? is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. my job is to not only train you but ed indicate you. call me or tweet me at jim cramer there's no denying facebook,

- mastercard will also make it easier for consumers to spend cryptocurrency.surged more than 230% on the news. haidi: let's look at how we are trading so far in the sydney session. looking ahead to the start of trading across other asian markets. we are seeing a rise when it comes to sentiment in asia. record s&p 500 close overnight. excellent earnings and progress on the economic agenda hoping sentiment even as the debate over inflation continues. upside of .3% when it comes to trading in sydney at the moment. crown resorts trading higher after a little bit of a relief. more on that in a moment. new zealand up by about .1%. nikkei futures a little softer about .1% lower. s&p futures up by about .1%. korea trading when it comes to the cost becoming online after a weaker than expected preliminary third-quarter gdp read. crown resorts trading higher by 10%. investors feeling relief after we found that report finding them unfit to run their flagship melbourne casino but not stripping them of their license. also seeing high when it comes >> we are going their infl

. ♪♪ ♪♪ >>> it's "options action" time on the way is marriott and how to pay your bills with mastercardmike and a special appearance by nadine we are looking at two consumer facing names tonight

. >>> welcome back look at mastercard r beating on the top andñ■r lines with revenue up nearly 30■ from still down 1%, better than theú! yesterday. according to jim cramer's latest investing club newsletter the inflationary environment could be a boone to mastercard get access to ño/kjim'sÑi■analyd content by pointing to your phone camera at the qrt■ code on the screen, you can go to o■w■Ñ■ cnbc.com/investing club. >>> up next, shares of wyndham ror aestsre r we will talk to the ceo about the return of travel that's next. you have the best pizza in town and the worst wait times. 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 hey businesses! you all deserve something epic! matching your job description. so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like one's that re-opened! hi, we have an appointment. and every new business that just opened! like

it looks like we have a mastercard moved into nicaragua and honduras mexico looking driving. it was recently, although cuba hispaniola are still quite sherry flooding recently in texas. from the remains of harkin, pamela, that's all subsumed into what is going to be a wet spell in the eastern seaboard and temperatures. and for example, washington and new york will drop down as this she maderos eventually pushed out of the way. but not till the end of the weekend. the weather sponsored my cattle airways voted world's best air line of 2021. inequality corruption, repression and rain. i think it just decided to cut to the piece of cake and shooting and you documentary flows, the desperate state of democracy in 11. 09 is really eyes of those who are losing hope. every day, holidays coming blue democracy, maybe democracy for sale on al jazeera. i joined dodge 0 as part of the launch team in 2006 pro, just as a cold for a 1000000 mom march. in that time, i've covered wars, revolutions, elections, and military. coups from the for venice of correct us. so the battlefields are on most

will the bad news extend to its earnings >>> plus crypto for the masses, mastercard will now let banks offer crypto credit and debit cards. is this a turning point for the bitcoin economy? >>> here's where the markets stand. the dow is up 75, about 25 off the session high its underperformer the s&p 500 broad market is up half a percent the nasdaq composite is up almost .9 right now. tesla surges to a trillion dollars market cap today 995 gets you that trillion dollar market cap a. huge move higher in the last couple of sessions, believe it crossed over 9$900 billion just a few trading sessions about the oil etfs are up at 52-week highs you can see there. the solar stocks are also jumping. bloom energy, plug power, and sun run are the winners there. bloom up 37% it. has been a volume time the name the last few years material names participating today as well with freeport, nucor and u.s. steel moving higher dow up as well, copper miner mcma ran up 4.5% beyond meat is sitting this one out. it continues to drop as it loses another 1.3% today following its 12% decline on friday. it is now

the president didn't officially apologized for the mastercard. he simply never fully recognized the state's responsibility in this massacre. as the report mentioned, you had former president speak of repression of what my process was that it was excusable for the french public. but there was a really, i think, personal tweet from a french historian that said, how can you recognize the responsibility of the head of police without mentioning the words precinct, police, government, colonialism, racism. so i think the french government, they always take a half step, but they never really fully go through with an apology, which i do believe that a lot of times that they would appreciate morning have continued to visit the side where a british m pay was stabbed to death on friday, david amos was meeting members of the public and lay on say, when he was attacked, police have extended the detention of a man arrested at the same. and the duel has been held in a wage and 10 of combs berg. the 5 people killed by an attacker using a bow and arrows. 3 of the

it's called onekey.org u.p.s., royal dutch, mastercard, astrazeneca, i want to mention these guys becauseo be shamed if they're not on the list and be proud if they are. this site is doing a good job. >> i'm so excited about all the company who is are making tree pledges. that's why i created the new tree fund today. we want to get every one to be part of this revolution. i think it's a critical part of the future nature is something we have to take part of and make sure we're taking care of all the organizations that are doing such a great job to get those tree pledges we are also making sure we're getting another $100 million to all those amazing ecoprenuers ta are -- that are out there this is something every one can do you and i both know and i think we have both done this, we planted trees in our backyard recently to become part of this revolution >> we did. we absolutely did. there's news today apple didn't make the quarter because of supply constraints. redemption can happen in strange ways, yes, no, maybe facebook >> jim, you know how i feel. what are our corporate values. is it t

minor scuffles as they pushed through find as mastercard.r to migrant caravans through mexico in 2018 and 19 but know where your it's march. ashley strohmier. back to water's world. for more headlines, log on to foxnews.com. ♪♪ now back to "watters' world." jesse: the manhunt for brian laundrie is over. police found his backpack and notepad and bones in a nature preserve. dental records confirm those are his remains. the area laundrie was found had been under water until now. he's the only person of interest in the murder of gabby petito. but the focus is shifting to his parents. the laundrie family notified the fbi that they wanted to help search for briern. they help search and his remains are found. many of us wondering, should the laundrie parents face charges. suspicious camping trip and iphone shopping spree requires some answers. maureen, we'll start with you. i don't like what i'm feeling from the laundrie parents. should i thought be suspicious here? >> well, i do agree that their behavior has been suspicious. but i also agree they

we are looking at mastercard. if you look at j.p.rgan finance, you see volumes are up above 2019 levels. that is really exciting. we are looking for the reader cross into the payment sector where we have seen a pullback in the likes of visa and mastercard. mark: i can't believe you don't own banks, i thought everyone owned banks. one of the most consensus trades out there. why don't you? what are you worried about? >> we are quality based investors. one of the things we look for his balance sheet strength. they simply don't meet that criteria for us. the sector as a whole over the long-term is underperforming. we have benefited from not owning them. economic recovery on the back of the vaccine has been very strong . the second top-performing sector in the world this year. it is a big part of the market moving, but when we have benefited from staying away from long-term. anna: something you do like his health care. there are many different types of health care business under the banner. where do you see the most value? >> we are seein

: i think what you will see is, and i think you will see if you look at companies like visa and mastercard about the same kind of trends, travel actually and cross-border travel definitely took a hit. but as you mentioned, cross-border e-commerce has been so robust, and we continue to believe that that is a permanent trend and a permanent shift. we just think the world is really flattened and interconnected in ways that really facilitate the continued growth cross-border e-commerce. we think as travel comes back it will create more of a tailwind as it relates to that specific vertical, where we think there is a lot of pent up demand and that is what we are hearing from our partners in the travel space. but we are not seeing anything from a broad multiyear trend perspective that we think is going to take any excitement out of the cross-border e-commerce space. kathleen: we wish you good luck with this partnership. thank you so much. be sure to tune into bloomberg radio to hear more and get in-depth analysis from the daybreak team, now broadcasting live from our studio in hong kong as you ca

will the bad news extend to its earnings >>> plus crypto for the masses, mastercard will now let banks

mastercard beat, up 1.3%. altria down 5.2%. they missed, and they did take a $6.2 billion charge for their anheuser-busch stake. as for big tech, we got some big ones after the bell. ebay, those shares left on my checked lower. actually, i'm not sure about whether they missed, but the december quarter, that lookahead, not so strong. those shares really being punished right now, down 7.4 percent. amazon up 0.5% ahead of reporting after the bell. it is interesting, not huge expectations on that quarter. finally, facebook down just a little bit. they reported earlier this week, but the company right now against allegations that perhaps they are under scrutiny for allegations that they misled investors. shares down just slightly as the company is telling its employees to hold onto emails and other communications. francine: abigail, thank you so much. coming up, ecb president christine lagarde pushing back against bets for an ecb rate hike. it is moving a little bit. on traders are staying pretty much on course during the press conf

>> sell a put, sell a call and mastercard 205, 225 >> see you next friday for more. >> "mad money" starts now. >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica i'm just trying to make you some money. my job is not just to entertain you but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. let's say you told me yesterday after it was a horror show at 4:00, that this market could finish in the black on a day when apple, amazon and starbucks got pummeled during the earnings period i'd call you crazy these companies are too big, too iconic, too important to the averages yet that's exactly what happened dow gained 99 points nasdaq edging up a nice end to the best october in six years, once again proving the only thing you need to fear about this month is halloween. and i've got to tell you, today i was in heaven. as much as i like amazon and apple, you know t

of a payment play than a lending play in the sense of it's really going after that kind of visa mastercardif you will and looking for a different way for consumers to pay for something and there is a bit of lending in there and you pay in payments, et cetera, but generally, smart models understand the environment they're operating in what is the unemployment situation out there? what is the consumer debt load situation and what sort of trends are we seeing and these are things that a modern-day system can understand and react to and at the right moment in time and conversely not giving an offer to the person and that's ultimately what better math, better data science can do >> all right dave, appreciate that very much. >> one more thing before we go here at the top of the hour, morgan stanley downgrades their view of the i.t. hardware industry today they warn of a drop in spending and a rise in inventory levels as a result they take cdw and seagate from overweight to equal weight and cut their price target for hpe adding their u.s. equity strategy team that we are in the later innings of a

there could be a potential positive for technology with respect to its market weight when visa, mastercard and pay pal, and if you take tech and communication services together it's 40% of your portfolio and to me it's really, reallygood and i love that number, 40% especially given that tech and communication services with the favorite sectors for the next three to five years. that's where the growth and the economy is, and technology is deflationary yeah i said it, deflationary, so from a secular basis, we'll continue to be very bullish longer term, but it really speaks to why you should be a stock picker and not buying etfs especially when it comes to technology. >> no, i know, but you finished it by saying, well, you love the financials, financials, financials and then especially when it comes to technology and buying etfs and financials is okay because you still love that group? >> well, no. actually, from an etf perspective and from a thematic perspective, scale has been our theme for years and it continues and oh, by the way, it's working and if you look at scalable assets within fin

look at mastercard.k at areas such as resorts you know, resorts, restaurants, alcohol brands, these are names we're looking at bulltick, as a consumer discretionary sector. but one thing, they're not cheap. if you want to look at value look at names but offshore in europe. if we're still talking about u.s. have a look at these subsectors. charles: it is so interesting because consumer staples, consumer discretionary the only two sectors down today. consumer staples because of proctor & gamble news. on the other hand consumer discretion ney, ulta salons says this will do next few years. the street said that ain't enough because they priced in so much success. how do we get into the trade, david? a lot of people are have been being talking reopening trade all year long? >> you know, i'm still tilted towards value at this point. you were talking about entainment, so i will give you a place i turned to. viacom is a still a liquid asset but very cheap and getting free call option on the streaming assets. we k

a hot ipo and sometimes calls the square of latam we also have melly on that list and visa and mastercards with a growing presence in latein america. back to you. >> i wonder how the folks on the street feel about this thank you. >>> and after the break, is the storm around facebook a cloud of extential dread? kevin rouse joins us next. delivt experience from anywhere. ♪ (whistle) ♪ going to tell you about exciting medicare advantage plans that can provide broad coverage, and still may save you money on monthly premiums and prescription drugs. with original medicare, you're covered for hospital stays and doctor office visits. but you have to meet a deductible for each, and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare, and they also cover your medicare deductibles and co-insurance. but, they often have higher monthly premiums and no prescription drug coverage. now, let's take a look at humana's medicare advantage plans. with a humana medicare advantage plan, hospital stays,

does it involve visa and mastercard on any level,but on the social side as well what about snap who else is out there we should be thinking about? >> yes, you are right. this is maybe not the direction we would have anticipated, but certainly expecting more m & a now you have to say, okay, the other players that would immediately come to mind for me that are impacted by this, yes, would be somebody like some of the other big social platforms like a snap or etsy, for example, ones that are independent. but then also players like a shopify, you know, whose very heavily engaged with the exact same set ofmerchants instead o payment flows. so is there something that they do from a retaliatory perspective? even, you know, as i think i have commented before, players like american express who might not be the first ones who come to mind, but american express's core business really hinges on this deep integration of consumers and merchants with rich data and, you know, very unique marketing experiences so, you know, this consolidation of commerce into these kind of other big platforms, you know,

. >>> we told you about the new mastercard partnership that sent shares surging yesterday giving someack today more "techcheck" continues after a short break. when the only thought on your mind is “finally” this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire. i didn't have to shout out for help. because you didn't have another dvt. not today. one blood clot puts you at risk of having another, so we chose xarelto®, to help keep you protected. xarelto® is proven to treat and reduce the risk of dvt or pe blood clots from happening again. almost 98% of people did not have another dvt or pe. don't stop taking xarelto® without talking to your doctor, as this may increase risk of blood clots. while taking, a spinal injection increases risk of blood clots, which may cause paralysis. you may bruise more easily or take longer to stop bleeding. xarelto® can cause serious and in rare cases, fatal bleeding. it may increase your bleeding risk if you take certain medicines. get help right away for unexpected bleeding or unusual bruising

i'm very excited for that one to ultimately and out i actually sold mastercard because i'm so convincedm so convinced that this next generation 21% of credit card rates are going to look like they came from another world like, they're going to be unimaginable and we have evidence of this when we look at places like brazil where bmpl is the standard, and the credit card is the alternative. so, this is coming, it's coming in a big way affirm seems to be wracking up massive partnerships i'm bullish on clarna. i think they've done a better job internationally. they're a european company but i think there's a lot of room for multiple players and i think this is going to become a standard for the next generation of ecommerce consumers >> we've got just about two minutes to go in the trading day. i'm just watching bitcoin. i know it's not part of your internals, but 55,000 making a real move higher >> it is i mean, obviously, spent a lot of time under there. not necessarily proving it's an anti-risk asset because it's moving with other stuff. but without a doubt it has a little bit of juice be

. >> a lot of people have been selling down mastercard, and they have different models they're a middle man that takes a nice vig there's a lot of misinterpretation about buy now/pay later. >> we're in an environment where the household balance sheet is better than generation. >> is that a threat to america, when you have the amount of money that individuals have in this country and the freedom that it's giving them? >> to quit their job >> or to move to texas if they work and live in california? i'm a traditionalist, i think you could you should work six days a week and sleep in your suit. >> i think you're a little out of step. >> we'll ask that question of gorman. >> i think to some degree people have reassessed their lives. half the people -- the 20 million people on long covid, trying to reevaluate -- i hate toe ethereal and cosmic. >> you can be. occasional ear known for deep thought, not often introspecs, that occasionally happens to you. >> maybe there's a pause in america where people are thinking about their lives as eposed to say, listen, you'll do whatever i've been doing fo

climb what is involved in raising the debt ceiling akin to raising a credit limit on your visa or mastercard to essentially address the payments you made prior, say nothing what you are going to be gathering still more spending in the months and years ahead. it is the latter that republicans are upset about because they say it compounds the problems. here we go again. welcome, ebb, i'm neil cavuto continuing coverage on fox business network a quagmire taking its toll on stocks, very little having to do with the drama in washington and a lot more to do with concerns that interest rates back up, and well, stocks end up not looking nearly as good, particularly technology stocks which are taking it on the chin again. susan li is here with detailed look what is being hurt and it seems like widespread hurt. reporter: by the way breaking news, great to have the genus of neil cavuto back in studio. neil: great to be back. the place was a pigsty. i'm kidding. reporter: missed you, really missed you. neil: great to be back. reporter: in terms of biden i thought he was really honest. he said retirement

three and look at those moves, tremendous, retail chatter is big on box, platform for cryptos, mastercardey are meme stocks. lauren: i am calling them meme stocks. the redit crowd is chasing them. checks the overall markets. it is so good to look at this stuff. dow is up 100, nasdaq up 100. look who is here, joe durrant. i am remarkably well in a rally like this. inflation could normalize next year. what is normalization, bring inflation down to 2% or 3%. >> the target for the fed, some things are happening and shipping delays everywhere. a spike in oil prices, a new driver. some labor shortages especially in the service market. any time you got dinner or lunch with family and friends we see the sticker shock at the restaurant. stuart: you told me the reasons we got inflation at 5%. you tell me why that is going away and we get to 2% or 3%. >> energy will normalize. it is temporary in the spike. we increase production immediately after prices go up so you will see a surge. the chip shortage will get work through and the shipping challenges will get fixed as well so a lot of the major spik

on visa and mastercard platform and if you own part of it but not own bitcoin.8%. you did something. thanks for joining us, see you again soon. the lead on this program charlie hurt, brian kilmeade, sandra smith and the attorney general of arizona, the 10:00 hour of varney is next. ♪♪ f you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors . . hi, my name is sam davis and i'm going to tell you about exciting medicare advantage plans that can provide broad coverage, and still may save you money on monthly premiums and prescription drugs. with original medicare, you're covered for hospital stays and doctor office visits. but you have to meet a deductible for each, and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare, and they also cover your medicare d

and then you've got the cryptocurrency story, mastercard and cryptocurrency firm back announcing a majorartnership, this will allow banks to issue debit or credit cards that allow people to pay in bitcoin and earn crypto as rewards. the movement in terms of the digital economy picks up speed. >> absolute -- absolutely it does. this is a sign of the expansion of the crypto market, especially from business and c to c, consumer to consumer. you see expansion, companies like back doing well, other companies doing well because they're starting to think about how do we create products around the core of a bitcoin or an ether, et cetera. that moved is doing it, no -- that moved is doing it, -- that master card is doing it, no surprise at all. what's interesting for corporates, they're quite hesitant to actually use it to pay because of the volatility that they have. but you absolutely are seeing an increase in the crypto wallets, the crypto market and you're going to see much more conversations about -- from yell yelpen and jerome powell and governments, 80% of governments are thinking about is

acquisition company tied to former president trump 4.5% bakkt holdings on the big deal with fiserv and mastercardot a long way to go, sarat, but you probably are watching closely to see what all these companies are saying about supply chain disruptions, as well as the prospects for material costs and inflation and everything else. what is the -- is there anything, a common thread that runs through on those issues that you're seeing >> i think what you're seeing now, joe, one thing that's giving me some solace here is that demand has not -- we haven't seen emand destruction when you look at the suppliers and you guys talked to raytheon and 3m, corning, all of them are just having trouble getting inventory. when you have that, it's just going to cause problems now in the supply chain for everybody so to me that gives me some comfort that we haven't destroyed demand pricing is going to be really important, and i think those companies that do well with pricing and can grow revenue are going to do really well. we had a good earnings result for the whole sector and i think we'll see those companies tha