what pat brings to the table until 24 or 36 months from now. >> matt, thank you very much that's matt bryson. >>> coming up, react to the big deal that surprised many people. paypal said to be interested in pinterest. up next, we are going to talk to an analyst who says it is an act of desperation by paypal. >>> plus, we continue to get you ready for all of this afternoon's big earnings reports. we are going the look at the picture for snap our traders will weigh in as well. >>> plus, chipotle reports after the bell will rising food prices and higher labor costs hit the company's bottom line? all that and more coupling coming up on "power lunch. 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 who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. th

matt bryson joins us to discuss. but first, emily tells us what persistent inflation and the fed taper means for emerging markets. this is bloomberg. ♪ >> i lived through the stagflation of the 70's and there are a lot of differences. do i see persistence in inflation? yes. i believe it is more than transitory. >> there are these transitory forces and as long as we see inflation x rotations remaining anchored and -- we expect to see a return to normalcy by next year. >> the prices, oil, gas, coal prices are a serious challenge for the global economic recovery to higher inflation. >> the biggest thing to be sure about is stagflation. we are seeing inflation or pressures. >> my baseline case is not for stagflation, over a immediate horizon. haidi: big names about inflation and the prospects of rising pressures, our next guest is seeing it is difficult but the problems we are seeing with supply chains are not going away anytime soon. spring and emily alejos, director of cartica management. this is making you more bullis

. >> some encouraging comments off mattel >>> let's bring in matt bryson matt, thanks for the time. happy friday to you. >> happy friday. >> is the shortage element -- i mean, it's a legitimate reason, but is it an excuse to cover for less competitive chips >> i certainly believe it is a legitimate factor that is affecting everyone seagate just came out with as-expected results, they're supplying the same data center as intel is. they didn't cite chip shortages for problems in either q3 or q4. >> so you think the rationale is specific to intel? >> i think that intel has some specific problems, right they're struggling, seeing apple switch over to internally made processor, you got an announce innocent that alibaba is also shifting so the chip shortages don't make things any easier for them >> so it the way to think about it this, matt, is that intel manufactures many of its own chips, having that more vertical, i guess, supply chain is adding to the hiccups versus some of the competitors? and how does that picture continue to einvolved, if so, when it's looking to expand its work. >