ed: when amazon bought mgm, key names for mgm left. really name another big hit from amazon. i did love "rings of power." that is a tv series. caroline: the fact that they are doing this two-pronged approach now. that does it for this edition of "bloomberg technology." we are taking a break on tv for thanksgiving. follow us on social. ed: and wherever you get your podcasts. this is bloomberg. ♪ ♪♪ what will you do? will you make something better? create something new? our dell technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you. ♪ >> you are watching dabr

last month caesar's, penn gaming, las vegas sands all up 20% mgm up 20% has a rally already crapped out? professor khouw says no, it's not too late to toss your chips on the table. >> taking a look at these gaming stocks they obviously have a good bounce off the bottom that's what i think it might be. we have to remember just how far several of these names have fallen if you take a look at where these things were, they were substantially higher than they were right now i'm taking a look at penn gaming which is one of the smaller players, and it's purely domestic this is a company that reported earnings two weeks ago, and one of the things we saw is they were managing to be slightly on margin, slightly on revenue, that suggests the guidance folks are getting from management is relatively conservative. we did see increase in margins and revenues as well, and the thing is relatively cheap at about 11 times earnings or so. one quick point i would make, though is that the options o

twice when amazon bought mgm, producer jackie lopez said manchester by the sea.another one from amazon. i did love rings of power. that is a tv series. interesting to see what happens. >> meanwhile, that does for this edition of bloomberg technology. we will take a break on tv for thanksgiving but for us on social. >> yes, wherever you get your podcast, this is bloomberg. ♪ what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalize

mgm is up a healthy 12% haven't riley and i.ill have to just how far several of these names have fallen. if you take a look at where they were a couple of years ago, they were substantially higher at where they are. i am looking at one of the smaller players that is purely domestic. they reported earnings two weeks ago and they were managing to be slightly on the margin and revenue side. that suggests the guidance folks are getting from management is conservative. we did see creases is. the options are not so cheap. when i am taking a look at ways to play for some potential upside. in this case a cough looking out. in this case, buying at the money and a 37 strike call and selling the 43 strike call against it cost you a little over 100 services. when you see the elevated options the stock has the potential to move a lot. six dollars on a $37 stock it may not seem like a lot.'s end it is systems go. let us start with an aggregate. we have is 3000 casino gamblin 's industry group's. the june low and october in the sn email: help.

more than 80% of voters voted no on prop 27 which was backed by draft kings, bet mgm and and fanduel.ed to open in-person sports betting isoracg alej drgsou lethour.nnnagaown , mgm resorts. lucent hitting a 52-week low, down 17% on track for its lowest close, actually, since january of 2021 after the luxury ev maker reported quarterly reservations for its cars fell by 3,000. lucent attributes the decline to canceled orders and people fearing a long waiting period. how about people worried about where their next paycheck might be coming from? i don't know. the company, however, said it is on track for annual production guidance of 6,000-7,000 vehicles and may raise up to $1.5 billion through the sale of stock. and a lot of times investors pehiketta nth ft rngyes, lucid . qu--n edarsu sppog 11.5%. you've got kroger shares up 2%, and you know what? that's really climbed in the last hour, i would say. kroger shares are up after a u.s. court rejected requests to block rival albertson's $4 billion dividend payout. now, let me explain this. albertson's has said the payout would not impair it

it comes after the online retail giant acquired film entertainment company mgm for $8.4 billion earlier this year. movie theater stocks surged after today's news as theater chains still try to bounce back from the pandemic. our work in building a better bay area means striving to make it better for everyone. on this thanksgiving eve, a focus on those without a place to call home but working to get by. tonight, fresh turkey dinner served by city team in oakland. j.r. stone spoke with those who are often overlooked but staying optimistic. reporter: this pre-thanksgiving turkey meal looks delicious to all of us. for those of let -- us like alvin, deborah, jake, this meal means they won't go to bed hungry. >> sometimes i don't know how to budget my food stamps that well. sometimes, i buy too much junk food. reporter: for this dinner though, he's eating one of these plates filled to the brim. >> turkey and chicken and ham. cranberry sauce and stuffing and mashed potatoes. reporter: it's been a tough year. >> i lost everything. i had a job in construction. i had a studio apartment. >> i'm wor

it comes after the online retail giant acquired film entertainment company mgm for $8.4 billion earliereater stocks surged after today's news as theater chains still try to bounce back from the pandemic. our work in building a better bay area means striving to make it better for everyone. on this thanksgiving eve, a focus on those without a place to call home but working to get by. tonight, fresh turkey dinner served by city team in oakland. j.r. stone spoke with those who are often overlooked but staying optimistic. reporter: this pre-thanksgiving turkey meal looks delicious to all of us. for those of let -- us like alvin, deborah, jake, this meal means they won't go to bed hungry. >> sometimes i don't know how to budget my food stamps that well. sometimes, i buy too much junk food. reporter: for this dinner though, he's eating one of these plates filled to the brim. >> turkey and chicken and ham. cranberry sauce and stuffing and mashed potatoes. reporter: it's been a tough year. >> i lost everything. i had a job in construction. i had a studio apartment. >> i'm working on my problems.

varenyki or platka in lviv osmayer, the creator of the golden era of hollywood, the founder of the mgmemy and the academy award, he was born in the village of dymer, kyiv region, today many hollywood stars are of ukrainian origin sylvester stallone dustin hoffman jack palance leonardo dicaprio david the divine mila jovovich mila kunis olga kurylenko liv tyler catherine vinnyk anatoliy and ivanka sahno and vera farmiga steven spielberg is the only director in history who during the 60s, he was nominated for an oscar in the category of the best director, when he first came to ukraine , he said i am at home, because his grandfathers on both his mother's and father's side were from ukraine. if we talk about cinema, if it were not for the technical genius of anatoly kukush, most hollywood films could not to be filmed the winner of two oscars for technical equipment works in kyiv at the film studio dovzhenka invented a camera with remote control located on a crane, it was his invention that was used in the filming of the titanic the fast and the furious war of the worlds batman the da vinci

i have found evidence that nancy davis newly arrived on the mgm lot had tried to make their past crossong before that but she opens the door at her apartment that night knowing simply no way that they could have begun to iimagine the future that lay ahead for the two of them. he was an actor whose career was starting to scrape bottom the first wife to his shock and dismay had gotten bored with him andnd walked out. her star was on the rise and in some ways is still carrying a torch for jane wyman. he did have the scars of his own childhood and quite literally was aan broken man standing there on two crutches on her doorstep his thigh bone been broken and spent the last couple months traction and literally showed upwo in catches if she did not come along when she did it would have lost my soul. but he is not somebody who is ready to settle down or open his heart. but because of her incredible radar she has to wait him out and at one point even his mother tells her that. and she says this to nancy who she liked better i can see you are in love with him but he is not in love with you yet.

mgm china, wynn macau, sgm and others, failing to get entry into the gaming hub. it leads to major uncertainty facing an industry that has been hit by covid, towards him, and china's crackdown on highrollers. the european union diplomats will resume talks on monday on the issue of capping russian oil prices. baltic states have rejected a proposal as being too generous to moscow. they demand a price below the market level. diplomats expected a deal on friday, positions remain entrenched. the turkish president, saying that he will meet with egypt's abdul fattah al-sisi after the two leaders exchanged our hands -- a handshake after the world cup. the two leaders have had a frosty relationship after the uprising in egypt in 2013 which ousted an islamic president who was favored by turkey. with ankara and cairo were also an open -- over the side of the conflict in libya. still ahead, speaking with a billionaire about the future of her trading company, and white near economy -- ny economy aspects such as china and south korea. and we will talk with taiwan's haslinda: ch

. >> in the fall of 1945 they have a blind date, nancy davis, young actress arrived on mgm and when she opened the door of her apartment that night there is simply no way that either she or ronald reagan could have begun to imagine the future that lays ahead for the two of them. he was an actor whose career was really starting to screen bottom to his shock and dismay had essentially gotten bored with him and walked out in her star was on the rise and in some ways was carrying the torch for jane and he did have the scars from his own childhood and he would quite literally a broken man as he stood there unto crutches on nancy davis' doorstep, his thigh bone had been broken and a half dozen places in a charity baseball game needs but the last couple months in traction, he would later say if nancy davis hadn't come along when she did, i would've lost my soul but he's not somebody ready to settle down or open his heart. i think because of her incredible radar she senses she's going to have to wait this guy out. at one point, his mother even tells her that, she says to nancy she liked a lot b

she was a movie star at mgm before nobody knew she could be funny. p>> mugging and doing thingt niceime. i never thought as a hinderous as something we should not do. >> this is easy and sexy and funny at the same time. >> oh yes, very easy. [ laughter ] >> and maybe it may be easy for you, carol. >> carol is the. [ singing ] l most talented performer ever. >> she could do anything. >> she start on "the gary moore show" and became a big star. people forget how much she was apart of the culture at one point in time. >> i didn't think that i would want to ever could host a variety show. >> welcome to our first show that we are doing. i am really excited and very, very happy that you are all with us tonight. looks like we got a nice full room. could you bump up the light? i can see -- oh! >> i had an image of a fella coming out and do a monologue and will they take a woman do this? and we said well, i hope they'll take me for at least 13 weeks. it worked. i worked for 11 years, i never thought i would go that long. >> i knew i wanted to do musical and comedy and i wanted guest star. i w

now i have found evidence nancy davis, young actress newly arrived on the mgm lot had actually sort of been trying to make their paths crossed long before that. but certainly when she opens the door of her apartment that night there is simply no way that either she o or ronald reagan could have begun to imagine that lay ahead for the two of them. he was an actor whose career was really starting to scrape bottom. his first wife to his shock andh dismay had gotten bored with him and walked out. her star was on the rise and he really in some ways was carrying a torch for jane wyman. it hadd the scars of his own childhood. and he was quite literally a broken man as ceased to their two coaches on nancy davises dorsett. his thigh bone had been broken and a half dozen places in a charity baseball game for it he spent the months in traction. and he would later say if nancy davis had not come along when she did, i would have lost my soul. but he is not someone who is ready to settle down or even to open his heart. and because of her incredible radar she senses that she is going to have to wait

this is the big difficult challenge many of my companies are facing whether it be disney, mgm and macaur tesla and shanghai. we are facing so much uncertainty and the shanghai park is closed again and this is a big challenge for them despite the rest of the parks business doing extremely well. the third thing is where they're going to do with their sports business? i love the espn brand and i think they need to be deeper in sports and sports betting. if not, get out of this it's business and spend and off or sell the espn brand. i think you need to make a decision on what they're going to do with sports and the future appeared i think disney should stay in the sports business but i think iger will assess some things and make great decisions. caroline: i am interested in the people behind disney plus. the executives. we know bob iger might well be thinking of his lgbtq+ community but talk to us about the executives in studio roles. talk about the people who were given a backseat under chapek and how that changes. ross: this part of disney was going back to iger's days when they bought fo

i will note that on friday, the gaming license for wynn, mgm, appeared las vegas sands was renewed for this is a stock you want to own, at least on the u.s. operations, where they've just been killing it, and on the most recent earnings call, the ceo said, they see bright skies ahead. they just don't see it macau is a zero-cost call option embedded in the enterprise value. it's worth more than the current price just based on the u.s. operations. >> jim, as you were talking, i don't know why -- >> no, i'm trying to look at jimmy. we're in four boxes. i apologize. >> would you bike any of the games? >> i would not it's not a place it doesn't fit with my strategy. i think the consumer environment doesn't call for it. i'm still suspicious, even though there is positive news surrounding china, i'm still suspicious of that >> so we don't own either of these, either, but i was a conference -- >> the boxes are kind of weird >> i heard a very compelling pull case where they were saying, if you value both singapore and macau, it's a $56 price target it doesn't work for our strategy, but i though

. >> a dean trayvon martin celebrity coming to from the mgm grand hotel.ike you to know that i canceled a proctologist appointment to be here tonight. [laughter] and i think i made a mistake. [laughter] looked in the late 60s and 1970s they would televise roast but they were sanitized versions of what you actually see at the friars club. worked as a lot of reasons i wish it on to this man tonight but first while he is a talent i love the italian people. sent to me in brooklyn on a saturday night. [laughter] >> the televise roast of dean trayvon martin that were always so funny and it was fun to see. but there's something about those in private friars a club behind closed doors stagger roasts. the fact they were these huge stars like jack benny and milton burrell, the public it only heard on tv or on the radio be very squeaky clean. suddenly got to see another side of it. >> i've about eight years like most performers don has probably thousands of acquaintance, professional people that he knows. please also one of the people has friends and like to feel i a

lauren: we had the ceo of mgm entertainment, he said inflation will be a problem for five to six years, what do you make of the next earnings season? do you think we'll see things get really bad in the coming, in the new earnings season? >> i think it is probably a still bit too early because a lot of this is very lagging. so far companies have muddled their way through. clearly technology companies have been hit hardest. [closing bell rings] i think a couple more quarters before we see a negative impact in the earnings numbers. lauren: thank you very much. the dow closing at the highs since august 16th. that will do it for "the claman countdown." ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. so i know we're coming into thanksgiving and it is truly one of my favorite holidays an

. >> fan duel and draft kings is the biggest competitor after that and then comes bet mgm and everybodylse has less than 10% market share from there. and most have less than 2% fan duel believesit can expand that gap between its lead and the next biggest competitor in part because it spends more efficiently to attract customers. >> all righty. interesting conversation there they make money. >> you know what, there is value in you. >> there is a lot of value right here, baby >>> up next, there seems to always be something in the way of carvana, laying off 8% of its workforce. declines continuing weeks after reporting signet significant net losses >>> cybersecured, palo alto soaring on a massive beet citing strong demand among heightnd cyberthreats details on both those stocks when "power lunch" returns we'll be back with all the value we can bring to the table. ♪♪ we all have a purpose in life - a “why.” maybe it's perfecting that special place that you want to keep in the family... ...or passing down the family business... ...or giving back to the places that inspire you. no matter your

mgm entertainment, know them for lol. they're making 200 does costing un$10.at were that cheap last year. this was huge hit t comes in a downsized version. it costs $25 versus 40. they have the three inch dolls called fashion figets. there they are. selling on amazon. they are $8 each. they have 2-inch brats dollars, they are smaller. this is smaller cheaper for the company to switch. i'm saying easier for the parent discard. stuart: it is true. lauren: it is true. stuart: i use in america, lived here for 50 years. you never use the word cheap. lauren: i use it all the time. real cheap say it is cheap. stuart: if you can't get stuff to consumers, hey, this is cheap, take it. lauren: i love cheap. give me more. stuart: i will ask our next guest about the use of the word cheap because our next guest is, i'm giving a quote first of all. my decision to give away ownership of hobby lobby, i chose god. david green wrote that. he is the founder and ceo of hobby lobby. he joins me now. welcome to the show again. >> good to be here. stuart: second time you've been with

could you, at least most of them are moving higher, this is after six including wynn, las vegas sands, mgm and regional player m elk ox, based out of hong kong, new 10 year licenses to continue running their macau casinos but that hardly erases the immediate questions of these very unusual and widespread protests heat up, connell mc shane covered business in china with the latest from the newsroom. connell: hi, liz. there's an unprecedented nature to all of this that makes it hard to gauge quickly and xi-jinping, since he's been in power for a decade he's never been forced to react to something as widespread. people calling for him to step down and to your point, police maybe starting to crackdown now, but it's still not 100% clear how aggress aggressive the chinese president is with this , whether he maybe will make some changes to the zero covid policy that seems to have sparked so much of this. we just don't know yet, and we do know in places where those workers at the foxconn plant known as iphone city had clashed with police over living conditions and payment packages. this began in s

lumen technology shedding 6% a better outcome for casino stocks china granting wynn resorts, mgm provisional licenses to continue operating in macau went up more than 4% melco up more how much was it, all the protest video we started seeing over the weekend? >> we call it a sea of red what was going on in the u.s., the s&p 500 has rallied 15% over the last four or five weeks right to the downtrend where the 200-day moving, the vix came back into the uptrend that's in place throughout this whole year that's really been a good spot to sell stocks down near 20 we had the hen-year u.s. treasury 4% over the last couple of weeks the 40-year wise and the 210 spread to 80 basis points. that's not something we've seen in an awful long time. and crude oil making near 52-week lows you put all that together and you say to yourself here, it's not that optimistic of an outlook, especially after the enthusiasm, as we see in the stock market, the lack of panic that we see in the vix but to me, what crude oil and what yields ten-year are telling me is the markets or parts of the market are starting to price

without the support of our cousin history the very thing that was needed but the same thing that the mgm age refusing to fund. to be sure, the historical questions remain unanswered. was emmett till actually dropped from the black bayou bridge. was the fan actually stolen from a local gym? was keller actually involved? perhaps, i would put money on some of that. but it is neither my place nor might point to weigh in on the truthfulness of these claims. but i want to focus on the ways that poverty in the desperate pursuit of revenue in the mississippi delta is changing the story that we think we know about tools final night. thomas has been able to leverage the towns poverty to support the museum. the museum in turn supports glendora plausible but on verifiable theories of till's murder. had glendora been wealthy, they would be little incentive to stick to this version of the story. elmer kimble would rarely appeal or in the story of till's final night, the black by bridge will be lost to memory. but glendora is not wealthy. its poverty is reshaping the story of till's murder. stories abo

we have some other deals that are more speculative we have a wide range, the show we brought is with mgm, now owned by amazon, is ortega, and adams family rerun it's going to be in the top three. >> you think the big mega overall deals remain >> as part of the portfolio. >> as many >> i don't know. we've got lots that's just like a deal structure thing. are we going to continue to invest in stories we think can be breakout entertaining yes. >> what about the idea of the idea of being an arm dealer from a content -- would you sell your stuff off-platform >> i think sony is doing that. that's a great business. we're not in that business we're in the business of building amazing shows, and films, and eventually games, and having it for our members. >> i want to open it up to questions. we have some hands around. i see one right here in the front. i'm going to go here, if we can get that microphone to him >>> we were just listen to go reed hastings. julia boorstin, a wide-ranging conversation there with our colleague andrew ross sorkin he talked about his support for elon musk, the idea that

the second annual earthshot prize awards will music in will happen at the mgm music in boston. ceremonyday. broadcast globally on sunday. cameron walker gb news news . cameron walker gb news news. right after the break, we'll take a closer at the uk's epidemic of mould really serious issue. this this is in housing it's putting families and as we know has taken its at first light in the form of a two year old very recently we're discussing this . welcome back . it's 724. still to welcome back. it's 724. still to come on today's programme. at quarter eight, we'll find out why the number of children prescribed sleep hormones is on the rise is something that really troubles you. it does. i just worry about this kind of thing, that medication nation, a pill every male, especially pill for every male, especially in children, i think is a very fascinating to dig into that. then quote into of then around quote dig into of course tonight i'm excited this segment we've got the former strictly come dancing professional brendan cole going to be trading the picasso of panto. see what we did . he's p

new licenses issued to galaxy entertainment, mgm china, wynn macau and sjm.minates a major uncertainty facing an industry hit by a covid induced tourism drought. and china's crackdown on highrollers. the turkish president says he will meet with the egyptian president after they exchanged a handshake at the world cup. the nations have had frosty relations since 2013 and the military backed uprising ousted and islamist president. turkey and egypt were also on opposite sides of conflict. 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'm vonnie quinn. this is bloomberg. shery: we have been dissecting the results of the taiwan elections all morning. let's crossover to taipei where stephen is standing by with our next guest. stephen: it was a landslide victory for the kmt, the opposition party here. ahead of what's going to be the big presidential vote in the early part of 2000 24. how much should we read into this, that the kmt won a landslide victory, including here in

recently they spent $9 billion to buy mgm, picking up all of these movie franchises.as going to happen. can you imagine james bond not playing in theaters? now there is a signal from amazon that indeed they are committed. >> is this going to have implications for other streaming services? might it prompted them to release their films in theaters as well? >> many of them are owned by big studios like disney and paramount. that is certainly moving in this direction. netflix is doing an experiment weekend in the u.s. they have the knives out sequel. it is in theaters for just one week. they have done a great job playing it down, saying it is just promotion. netflix is obviously the biggest player. they are not fully on board with this proposal. shery: chris palmeri. here's a quick check of the headlines. shell quarterly revenue fell 10% as it battled a slumping global smartphone market. the beijing-based company logged sales of $9.9 billion. slightly above estimates, but sales of mobile devices fell 11% , leading declines across business divisions. credit suisse warning

check out the casino stock operators for one, extending gains from yesterday names like wynn, mgm lasositive territory this morning continuing that macao casino optimism amid china's easing lockdowns possibly other leisure names trying for gains, expedia, booking holdings and the cruise line operators as well keep an eye on travel and leisure and consumer discretionary. "squawk on the street" will be right back after this break. to adapt in the changing world, you could hire a professor of theoretical mathematics. we all know this equation, right? he'd crunched numbers day and night. that's it. to maximize profitability. morning. i have quarterly numbers that are beautiful. and forecast revenue from every corner of your organization. is that important? or you could use workday. the finance hr and planning system that helps cfos make better decisions faster. for a solve problems like a genius world. workday. for a changing world. so, you're 45. that's the perfect age to see some old friends, explore new worlds, and to start screening for colon cancer. yep. with colon cancer rising in a

. >> mgm at that time was bringing color, bringing music, and all this sort of pageantry to an americantmas" and the iconic performance judy garland gives. ♪ have yourself a merry little christmas ♪ >> the way judy garland sings the song is so beautiful but yet mournful. and when you think about the era that it came out of, coming towards the end of world war ii and having her sing it in a really sad moment within the film really adds even more power to the lyrics. ♪ someday soon we all will be together ♪ ♪ if the fates allow ♪ ♪ >> we may be together if fates allow, it gave the audience the kind of permission to be sad. ♪ christmas now ♪ >> you never know when you're going to lose something or lose someone or everything is going to change, but we have today. we have this christmas right now. there's another one coming, but who knows? >> "joy noel" is based on a true story that occurred during world war i in 1914 during christmas, when german troops, scottish troops, french troops, lay down their arms and listen to these beautiful christmas hymns. this german opera singer sings hymns in

amazon has been upping its stake in the film sector recently, purchasing mgm and they own the rightss bond, and spent $13 billion on content for video and music streaming services last year. with that, abc news has reached out to amazon, but have not yet heard back. still, there is a buzz at the box office with this news, especially if other streaming services feel like they are pressured into following suit and putting their movies on the big screen as well. guys? >> certainly a big billion dollar bet. andrew, thank you. >>> now let's go back to the macy's thanksgiving day parade where janice yu from our new york station wabc is tracking the holiday fun as the crowd is starting to line up there along the route. good morning, janice. >> reporter: good morning. happy thanksgiving. a lot of excitement here as we get ready for the 96th annual macy's thanksgiving day parade. of course, it's a holiday tradition. there's floats like the green giant here behind me. tom turkey is over there and, of course, there will be performances and it wouldn't be the parade without the balloons. of cour

they wanted to get out of the water on friday the second annual earthshot prize will happen at the mgmnews news . well karen walker gb news news. well i am in boston for prince william's earthshot prize and it's the birthplace of john f kennedy who created moonshot is all about meeting the seemingly impossible task to a man on the moon. prince william was inspired by that to create earthshot trying to meet the seemingly impossible task to solve climate change and repair our . now away solve climate change and repair our. now away from earth shots also going to be undertaking a number other engagements. princess catherine is going to be focusing on early childhood birds. they're both going to be visiting some deprived communities within boston . but i communities within boston. but i think it's all about increasing their influence and popularity on the world stage, particularly championing solutions , climate championing solutions, climate change. they warn that all this week just very quickly, no plans to meet the or duchess of sussex , no plans to meet that you can duchess of sussex,

sharply higher it has been a lot of speculation of what would happen with casino stocks mgm up 8%. macau is up 9% we will take you live to beijing in a few minutes >> the number had been softer than anticipated people were blelieving this was fed pivot. >> it is interesting we tested the july lows. 3,5888 does that count? below 3,600? in bull markets, you get scared by sharp breaks. in bear markets, does the same thing happen with a short covering rally 7% in the nasdaq is a big move in a single day. >> carl icahn was on with scott wapner he has been bearish for 30 years. he says you see things like this and you get volatile days. it doesn't mean the all clear is there if you are looking at the longer term. if you missed the rally yesterday, you have to be hurting. if you were waiting for the pivot or the turn. >> it matters what happens with inflation. i can see we go to new lows if this is a brief sort of head fake about things cooling like a '70s thing arthur burns or montgomery burns or whoever was running the fed, they thought they had it licked. if jeremy is right and elizabe

tournament points bet tells us it's translating its app into spanish so they can reach for soccer fans mgms says most of its betting action now coming in is on the favorites argentina and brazil but fan duel tells us it's seeing a greater number of wagers on team usa with 150 to 1 odds. >> i think a lot of this comes down to team usa americans are very focused on american performance and so i know we're a long shot, but if we can make a deep run, i sense there's a lot of upside to that number >> they're opening the enthusiasm drives more action. the u.s. plays monday 2:00 p.m. against wales. and real questions about whether they'll be able to enjoy a beer at the match the "new york times" reports this morning that they will not allow beer sales at the world cup. we reached out to budweiser. they have a $75 million sponsorship deal with fifa and it was supposed to be budweiser branding and opportunities for sales everywhere, joe. >> what? >> it sounds frivolous this is going to be a big story, i think. and you just noted why a lot of money involved in this not just about the enjoyment of ha

expected, but for instance in travel, expedia had its best quarter in history $3 billion of cash flow, and mgmprobably in history, and so travel, which is -- i mean, you do have this, think, spurt out of lockdown and that's still very vibrant you can't -- you can't get into las vegas. well, you can get in some places, not ours you can get interest las vegas -- >> you're probably happy about that >> it's really -- it -- it -- you can't re-create the place, and it is absolutely this place for all sorts of conventions are starting to come back and now just as probably travel and price per room is beyond the pale i doubt it can continue and it's been rising and rising and rising for the last year or so, but now along comes asia which is just starting to thaw, so you have -- think of this, you have far greater the population than in the u.s. and in europe, and they've had two years of very harsh conditions, and they've got -- if people in the united states have a lot of pent-up money, they've got a lot more. they're starting to travel and they will burst forth in the next year. so i think that for