a trio of market titans showing their cars as you just heard charles mention, michael burry saying warren buffett and cathie wood lay down their winners and fold their losing hands our floor show traders are about to pinpoint who made the pest trades. and the great outdoors mean big profits as lockdown weary americans head for the hiking and biking trails, shooting ranges as well. the vista outdoor ceo is here, as his company clocks a record run. it's a fox business exclusive. plus, food prices have you guys seen, flying higher as inflation takes its toll, as grocery chains scramble to stay ahead of pricing, ahead of rising prices, rather, and this is that health food giant behind garden of eden , baby food, they're working on the inflation recipe we'll have how close the ceo is on raising prices to keep up in this roaring post pandemic economy, okay check the dow down 118 at the moment breaking news president joe biden just putting the world on notice saying america is back in the ev race. the president speaking at a ford plant in dearborn, michigan as he looks to put a charge into auto

>>> and now michael burry has a target in his sights we will tell you who on this busy tuesday, may 18th this is "worldwide exchange. ♪ >>> good morning, good afternoon or good evening. welcome from wherever in the world you are watching i'm brian sullivan thank you for joining us on this busy tuesday let's get to the markets and your money futureses are higher across the board. nasdaq is looking particularly strong nasdaq futures up 100. nasdaq futures up more than no, ma'am nominally. teq tech is going to be something to watch. from a data perspective, not a lot. two building and housing points today. building permits and housing starts after that blowout housing number yesterday all if n all, a mellow market monday half up and half down. #math. the big moves were in crypto many got slammed bitcoin was nearly $65,000 about a month ago. it is higher ow, b below $45,000. fell off $20,000 in bitcoin in the last month or so i think scott's call about two months on this very program about bitcoin technically, may be setting up as well. ethereum is higher around the world, japan had a big ni

i don't know >> very busy man he's very busy calling michael burry the big short guy, better known to millennials as the guy who made a killing out of that gme trade. interesting to me, burry has become a reddit favorite favette among wall street bets for the gamestop bet, but so was elon musk. self-proclaimed meme lord. i wonder how much damage done with the bitcoin comments to that group so it will be interesting, carl, to see what happens when these two worlds collide if they collide. we don't know the timing of this bet, and what the details of it are. but peeking in the reddit threads and saw one user say, oh, musk -- burry, excuse me, probably made a bet for the short term maybe getting out. saying that he is not exactly a diamond in the hand. doesn't get too greedy knows when to cash out. >> yeah. at the very least, even elon, de, might agree that things will get more competitive, not less, in the comes days. ford rolling out the lightning f-150 today and tomorrow we know what's coming up in china as they bolster local players. at the very least you can say the space will heat

. >>> michael burry now revealed a short position against tesla a lot of folks have shorted tesla overand few made money doing it. burry was one of the first to recognize the profit from the subprime mortgage crisis he revealed his long puts more than 8,000 shares of tesla are worth $540 million it is a bet the shares will, of course, fall burry mentioned in a tweet that tesla's reliance on regulatory trem credits is a red flag. he has since deleted that tweet. a lot of people have long questioned the valuation of tesla. it has gone up and up and up i don't know i don't know, joe. >> i wonder what thestrike price is at the time end of quarter we know what month we're talking about. i wonder if they are in the money already or out of the money. interesting to know. he probably has a series of them i wonder if he has 300 300 strike price 5 and change or he could have put it at 600 every point, he's in the money already, as it goes below 600. >> right >>> coming up, a nice problem to have california deciding what to do with a budget surplus. robert frank has the report next. >>> and later

assets i hear the words why margera money now almost every day i see so many talking about it michael burry of course wrote the big sure it was he participated in the big short on wall street they made a movie about it he was writing about this comparing the current situation to why mark germany and then he. disappeared from twitter the 9 years of boom time inflation that ended in hyper inflation is what happened there and all the time why margery money the central bank was saying that the month the inflation was transit sorry that the money printing had nothing to do what they stock prices skyrocketing to new highs is the comparison to why marjorie what is a pretty pretty dramatic comparison as it warrants and out james i think it is warranted max and you know i think we're on the same path because what's happening is why more germany was spending money the government was spending money they were turning to the central bank the right spike in order to print the currency and that's what they did and it's the same thing is happening now in the united states but there's a fundamental differen

then you have someone like michael burry come in who has built this famous track record as being ablef out a bubble. he did it with the housing market. he did it with the tech bubble. him coming in now saying there are certain issues i have with tesla, that might start changing the narrative that more people start listening. it is not the first time tesla has been through this. there are a lot of naysayers, probably as many as there are fan boys. things seem to be looking ok, but if more people like burry show up things for get tougher for tesla and elon musk. guy: interesting to see how the berlin factor will work out as well. investors putting a lot of stock in that story by berlin. we are through the auction. a little bit of a dip lower during the option process -- during the auction process. the ftse just managing to stay in the green. back to the flatline. the dax down, the cac 40 down .2%. alix: coming up we have luxury shopping. you may have bought jeans, but this is luxury. in online retailer getting a bump in shopping habits from the pandemic. we will discuss it with the ceo,

a price of a stock with the bet that stock will go lower, according to financial filings from michael burry. you saw him portrayed by christian bale in "the big short." a lot of people piling on musk this morning, the creator of dogecoin says muss something a "self-absorbed grifter." musk played a fictional expert on "saturday night live's" weekend update and called dogecoin a hustle. a lot of cryptocoin critics are pointing out how serious cryptocurrency could be if one person's act or even tweets can radically change its value? columnist lionel laurent writes "musk's trolling keeps undermining the insistence of true bitcoin believers that their favorite token is bigger than any individual and that their recent price boom is based on solid fundamentals." apple ceo tim cook will take the stand to defend his company against a lawsuit brought eye epic games, saying apple is unfair the way it treats companies that put apps in games in the app store. here is cook testifying before congress recently. apple defends its app store saying it vets every app so the consumers know they can run the app

get that spark back and by the way, while you're answering that maybe it is a related with this michael burryed some options to be able to pull this off, so will there be, will he get the squeeze or will he make money in this , and when do these things turn around because they can't get any traction lately. >> yeah, i feel like so goes tesla, so goes the nasdac and look its hard for a guy to bet against the financial markets and credit default swaps and made a movie about them, right? but if you look through why he is short or synthetic short throughputs is the reason why he's so short is that electric vehicle credits which by this administration is going to give a lot of credit and i don't think it's taking into account when you look at the verticals that tesla has, all of the different intellectual properties that they own, the stores that they own, so the value in tesla, it's not the car market. it's all of the extras that go into it, the sum of the parts are greater than the whole and he may be right we'll find out but again if i had to take a chance, i'd take it on musk. charles: yeah, l

plus, amid the musk-induced mayhem, michael burry makes his own bet against tesla.e break down the details from the 14 f filings. we speak to elizabeth marino, france's diversity minister, on introducing quotas, the talent pipeline and the minority representation in the board room. is it time for france to start collecting more data on that front? we will ask those questions to her later. this is bloomberg. ♪ >> we expect purchases to continue at the current pace, so we have made substantial further progress. through the april employment report, we have not made substantial further progress. as the data comes in, we have to evaluate that and make a judgment on that. we will certainly give advanced warning before we anticipate scaling back the pace of those purchases. anna: that was the fed vice chair richard clarida to saying the u.s. jobs report last month shows the economy has not reached a level that warranted scaling back the fact's massive bond purchases. he is saying it is not time to talk about tapering just yet. in terms of the bigger inflation debate, i was

category of not to be forthcoming how does this happen >> jim -- there's a lot we don't know about michael burry's a large short put strategy and then biden going to ford today. lot of discussion about what is the overlap between the truck market and ev market and would you get a classic f 150 buyer to be interested in an ev, especially with biden ostensibly backing it with his appearance today? >> do you know my wife is in mind to buy a super duty electric super duty. that's bigger than the f 150 for this new place we bought with bitcoin. we bought this farm with bitcoin. now we're going to buy this f 150 with etherium. it was a currency that went bonkers. >> it did go bonkers. >> it went bonkers i think betting against musk is something i would not do i think he just doesn't play by the normal rules and he's a genius and i'm not going bet against this genius. i'm not bet against mozart i'm not betting against edison and musk in there and he's got the benefit of still being alive. >> betting against musk. say you did that the last three years. that would be a suboptimal strategy >> yes as just ab