they are pick up foffett nathanson. let's take a closer look with craig moffett. congratulations and welcome to mar mad money. >> thank you so much great to be here >> it's a drew come true for a lot of people. they want their own shop they know it's tough out there how did this come about. you don't just wake up one day and be moffett and be really successful you worked at this >> we worked at it a long time i was started with i started mvr nathanson to partner with michael, michael nathanson it was a perfect fit we built a business and really lucky when we added lisa ellis is one of the best analysts i've seen it's built with a lot of talent. what were you drawn to here? independent is the perfect thing. you're part of larger operation. >> yeah. this was a dream fit in tech businesses like the ones we cover, the innovation economy is the whole story it's where the value creation has come from and the important forces are that are shaping the industry for the big companies we are it these front ends and they have been building a deck banking franchise with really

>> it would definitely apply to square lisa ellis with moffett nathanson.rm value in the company which as interest rates rise naturally compress that companies like visa and mastercard which, as you highlighted, have been weak, they're being primarily affected by the lack of the virus variants, the lack of recovery in cross border travel, which is a major part of their business pre-pandemic it was over 20% of revenues, is still down at, you know, only about 60% of 2019 levels it continues to be a painful drag among those businesses. that's really the primary thing weighing on those ones >> there's a lot of competition. this reminds me a little bit of the tesla discussion we were having where if you blame elon musk for driving the price lower, then as an investor you should love it as a buying opportunity. for any of these names do you think they created good buying opportunities? >> yes, particularly for the networks, visa and mastercard, because what is mixed into this now is a lot of nervousness around disruption or substitution, but i would say a lot of

by the way, so was lion tree >> did they mention move fit nathanson?ey has a $41 billion market value >> there's a cultural phenomenon that the stock market is actually involved and, david, you know, i'm saying -- >> go ahead. >> that people tell me there aren't enough sold, and people are shorting rivian. >> it didn't matter, the stock has so or rend out we could -- >> peloton is still 12 bill, what do you think, could we get it down to seven this is crazy. how can this be? >> how's your cardio, your good? >> yeah, but there's a lot of other stuff. >> make sure you're taking care of yourself. we can't lose you. >>> another look at futures. we have a little less than nine minutes with trading here. we're going to squeeze in jim's mad dash a lot more "squawk on the a lot more "squawk on the street" when we come back. i think you're going to like it here. umm, why is everyone... throwing things at me? look, as cfo it's my job to be ready for whatever's next. that's why i have my finance team, randomly hurl things at me. it's also why we use workday. it g