shares of overstock, well, they're moving in the opposite sit direction. largest percentage increase in more than a year after the online retailer reported strong fourth quarter earnings and a new substantial investment in its alternative trading platform t0. as shares of overstock jump 23%, fox business was the first to report that the intercontinue intercontinental exchange, parent company of the new york stock exchange and more than a dozen other exchanges, was taking a minority stake in t0 and plussing -- placing its own chief strategy officer david ghosn as the new ceo. joining us now is jonathan johnson, overstock's ceo, and our own charlie gasparino who was first to break the story. jonathan, this is major, to have the ice, intercontinental exchange, now take a position in t0 in which you already have an 80% stake. tell me what this means to the future of t0. >> well, i think this is huge news for t0, and i think it's huge news for the way stocks trade and settle and are cleared in the 21st century. we have always thought that blockchain technology

one of them was overstocked, surging.ating the ongoing headwinds that our supply chain issues, labor issues, inflationary issues. let's talk about how he managed to navigate that and a little bit of blockchain. jonathan johnson. congrats on the numbers and talk to us about how you have managed to ensure inventory is where you need and supply is where you need it when the rest of the world is struggling with it. >> seven consecutive quarter profits. second consecutive year of market share growth. we have a vast and distributed supply chain should over 3000 partners that have good for us. -- have goods for us. we are very good at forecasting for our carriers what demand will be up to we were not -- will be. we were not hit with any delivery problems this past year. or supply chain. we think are distributed model helps us navigate it well. caroline: do you see any easing of some of those pressures in the industry? >> i think the bottlenecks probably last for bulk of 2022. that supply chain is pretty stressed. the small kink

. >> small cap would be a place to go you have a couple names i see that you do like too simple overstock. cadent why? >> tusimple is beaten up down about 50% it is autonomous driving in industrial, in trucking primarily. 8% owned by navistar overstock people know. decently high quality and unfairly punished. we are looking at this really more of a second half play it may be still early here as inflation rolls over and as growth slows down investors are going to start looking for growth again. >> all right thank you very much. good to see you, sir. >> thank you >>> up next the big question is what will amazon's results this afternoon mean for the already volatile tech sector we'll tell you what to watch next vista outdoor higher still down on the year we'll talk to the ceo about their trends next. >>> welcome back to "power lunch. we talked about the good, bad and the ugly in the market today so let's turn to the big question which is amazon and what will its earn tonight bring? will it be a hurdle or finally a positive jolt? the stock is flat for 18 months and it's trying to avoid the th

overstock going so far as to say that they dropped their customer base 12% year-over-year, but made upt comes to the average money spent. that is something investors really like to hear, up 24%, but to the downside, you see tjx getting punished because they missed those sales. dani: it is that fantastic analysis that a uva education will get you. thanks so much, bloomberg's kriti gupta. part of the reason we have seen stocks start to deteriorate, the eu announced it will hold an emergency summit tomorrow to discuss ukraine. bloomberg's maria tadeo is in brussels. what does this signify, this emergency summit? maria: european leadersmaria: are going to meet in brussels tomorrow, and they believe this summit is needed to counter what could be further russian aggression. what this really underscores, and i have heard this repeatedly today, is that there is a huge gap between what the market is pricing in today and what they believe is a political situation , particularly on the ground in eastern ukraine. we know it is very delicate. the ukrainian government is saying they will call for a

patrick byrne, the overstock ceo said, he had a conversation with rudy giuliani.d burn why he had advised trump to not go with the military option. he said, we will end up in prison when we do that. >> robert, we can't do justice in a match of port reporting you do in that fantastic piece. i do recommend to our viewers that you read. it robert draper is a contributing writer for the new york times magazine. coming up next, a major update on a story that rachel's team has been closely following for months. you don't wanna miss it. voltaren, the joy of movement. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee. yeah i should've just led with that. with at&t business. you can pick the best plan for each employee and get the best deals on every smart phone. do you str

patrick byrne, the overstock ceo said, he had a conversation with rudy giuliani. giuliani had told burn why he had advised trump to not go with the military option. he said, we will end up in prison when we do that. >> robert, we can't do justice in a match of port reporting you do in that fantastic piece. i do recommend to our viewers that you read. it robert draper is a contributing writer for the new york times magazine. coming up next, a major update on a story that rachel's team has been closely following for months. you don't wanna miss it. n't wanna miss it. age is just a number. and mine's unlisted. try boost® high protein with 20 grams of protein for muscle health. versus 16 grams in ensure high protein. boost® high protein also has key nutrients for immune support. boost® high protein. >> woman: what's my safelite story? booi see inspirationalso right through my glass. so when my windshield cracked, i chose safelite. they replaced the glass and recalibrated my safety system. that's service i can trust. >> singers: ♪ safelite repair, safelite replace. ♪ ♪

but tomorrow we are going to talk to jonathan johnson, the coo of overstock and jeff wilson, the cofounder-- - [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 personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following is a paid presentation furnished by rare collectibles tv, llc. announcer: the biggest numismatic event of the year just occurred. the 2021 morgan silver dollars are finally available. and you are the first in line to acquire them right now. the silver dollar is the ultimate collector's coin and the most popular silver dollar

just about menace, should be like say, alex berg beat only on berlin. frankfort, edged out when overstock mila felt, and glad back drew. mine's feet, hoffen haim and fibre glossed in cologne. on friday at berlin. drew with the hm. and the final game ball spoke against quite a thought is currently underway. and let's take a look at how things stand in the bonus like a table after the 21st match day byron are on top of the dorm, and now 9 points behind. and 2nd after their last to labor cuz in on the on berlin, 5, oak and cologne, round out the european qualification spots as things stand. the automatic relegation places are still occupied by 3rd and stood guard by last burg move up into 12th after their 1st victory since early november. let's get a reminder now of our top story. your auntie dubuque, german chancellor, olaf schoultz has arrived in washington for talks with us president joe biden. they'll discuss the threat of a new russian invasion of ukraine. but choices repeated has refusal to provide ukraine with defensive weapons. coming up next on dw news, asia chinese tennis star punc

tomorrow, we will be talking to jonathan johnson, ceo of overstock.>> a very good morning, i'm heidi stressant in the end we are counting down to the major market open. >> i'm shery ahn in new york. they say a ukraine invasion is underway. traders are weighing the escalating tension in eastern europe. and a big interview

they overstocked on frozen and are offering cheap discounts for anyone willing to take the frozen productsincrease prices, whether that was a little or a lot, what have the response been from customer? >> we keep raising the prices as they go up and people keep eating chicken wings. people love their chicken wings and will not stop eating them, especially during super bowl. >> ashley: those wings look good, mild with good blue cheese sounds good. god bless you, thanks for being on with us this morning. >> todd: that shop is about an hour from my house, come by, i will be waiting sunday morning with open arms. with president biden struggle withing likeability crisis, some say it goes from elections past and could make a comeback. we'll talk to lara trump about that next. ♪ (vo) what makes my heart beat? having everything i want in the place i love. jamaica. heartbeat of the world. let's go! . . your kindness outshines your highs and lows. your strength can outlast any bad day. because you are greater than your bipolar i, and you can help take control of your symptoms - and ask about vraylar

falling more than 20% in two days along with names like chewy, overstock, wayfair and a lot more onlyape that carnage so far is amazon we'll talk about that when "tech check" continues what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. competition beat us again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. it's got to be something workday. i think i got something. work... hey, rob, you're on mute. hello! hey, rob, there he is. workday. the finance, hr and planning system for a changing world. >>> the tripping q is now down almost 5% so far for the month 13% for the year the drop is far and wide appl

it's overstock analysts say the majority of the jump from news that ice will make an investment in t-zero jonathan johnson welcome. >> thank you, kelly. good to be here. >> do you want to make a comment on that ice situation or what do you think is driving the stock today? >> we delivered great results and taken market share for the second year in a row but i think this news of ice investing is a big deal ice knows how to run markets and exchanges and thought a blockchain exchange is the exchange of the 21st century and great to have them on the cap table and as importantly ice is chief strategic officer is joining as the ceo. >> on the t-zero front is this something to look to sell out of or part of the portfolio >> we have engaged a venture capital firm which manages our 21 different blockchain investments. that's a decision for them but i think the future is bright for t-zero this is something that we've been in for a long time and i suspect will be in it for sometime to come. >> talk about the bread and butter of overstock.com. are the sort of plans or blockchain exchanges like that h

charles: overstock had famous ceo. i think they never really were able to get out of his shadow.ne thing shah did not tell us when i went to the high-end mall, had the long lines he did not have to wait. gary, shah, erin, thanks very much. what a way to start a monday. appreciate it. >>> "new york times" giving modern monetary theory a victory lap. that is -- larry summers. larry summers is outraged about it. mmt, did it save our economy, is that the way to go? i i can't wait to debate that. you have one of the best track records on wall street, slings and arrows come overfor ward, super bowl, brian belski on a wall street on a rally that some say is in trouble. ♪. imagine getting $150,000 dollars... for one year of epic adventures... in a new dodge hellcat... and you don't even have to quit your day job. dodge has created the sweetest gig ever - aka chief donut maker. you'll go from dodge fan to dodge ambassador this is a once in a lifetime opportunity, and anyone can apply. you just need to show you have the drive. are you our new chief donut maker? real cowboys get customized

we now know that the ceo of overstock was involved in these meetings with michael flynn. the cyber ninja guy was involved in plotting all this nonsense that led to him getting a big contract and that sydney powell and rudy giuliani. it's unbelievable the number of people who were pitching a different idea and hour with donald trump? will things change when it becomes more public when it's press report after press report and it's after january 6th in your committee. isn't that the question of our generation of this moment? will things actually change. based on my conversations with republicans especially the ones that watch mike pence who at once was downplaying the january 6th insurrection saying they were talking about it too much in the press and finally finds a moment when he can admit reality that donald trump is wrong and no one has the power to overturn the election? based on my conversation with those sort of republicans and those sort of conservatives and until something drastic happens and an insurrection is not draftic and just pause to remember that, they were

meeting on december 18th, 2020, sild knee powell, mike flynn, rudy giuliani, and the former ceo of overstock, bat rick byrne. where were they? in the oval office, our oval office, when trump was still president. tell us what happened in that meeting. none of those people who are government officials or experts. >> yes. so, this was a completely bizarre and perhaps scary meeting depending on your point of view. i think most people would view it that way. sidney powell, mike flynn and patrick byrne are waved into the white house according to a low-level official who has his privileges revoked afterwards, actually axios did a great job reporting on this meeting sort of as it was happening or on the days thereafter. but inside the meeting, sidney powell and others lay out the case for how president trump should seize these voting machines. they want sild knee powell to be appointed special counsel to investigate election fraud, and donald trump is very into this idea, begins to check it out. he reaches out to his chaef, mark meadows, to see if they can make it happen, and as we reported, he take

overstock has an 80% stock so ice's investment is considered a big deal.ng and palo alto network is forecast higher revenue for the full year. it is up 3%, 490 right now, jpmorgan upgrading them to neutral with a $600 price target. dave: now this. president biden is narrowing his choices for the supreme court. he met with three candidate was remember when former president obama said the following when running for reelection. >> the biggest geopolitical threat facing america, you said russia blues not al qaeda. you said russia. the cold war has been over for 20 years. dave: black hearted down pilot make durrant is here to respond. vladimir putin says russia's core interests are nonnegotiable as troops surround ukraine. live to moscow next. dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones there's a different way to treat hiv. it's every-other-month, injectable cabenuva. for adults who are undetectable, cabenuva is the only complete h

and fringey folks with the president's ear by the point and the pillow person and somebody from overstock but what's interesting is being reminded of the extreme paranoia and avoiding logs and the normal structural things of a white house. phone logs. he was picking up the different phones. visitor log. meetings in the residence. talk about getting things on paper in black and white. >> yeah. it is important because when you have documents detailing the fact that the meetings were arranged or the substance it harder for witnesses to act like they don't remember things. we know that that's a standard tactic that people in trump world took in his administration coming to any of the vast number of scandals that percolating saying they didn't remember the conversations or phone calls and why the written records are so vital and also why this investigation is uniquely challenging for investigative body that doesn't have the same resource that is the justice department has. it is challenging because the records are incredibly decentralized. they're all over the place. with the written records s

remember overstock? well, they transformed themselves into something of a crypto company.name it -- with zero settlement times. as you know, it takes two days to settle a stock. that a to two days is used, essentially, some people say it should be zero. the two days allows people to short sell the stock. we can get into that debate later, but there's very -- it's very fascinating what's going on here. the stock exchange has given one of its top people -- excuse me, confidential exchange -- intercontinental exchange, david ghosn will become the new ceo of t0. very fascinating it's definitely a partnership here. and a lot of people think that the ice, the intercontinental exchange, could add t0 and buy it outright at some point soon, and that would be a pretty interesting foray. that would mean the new york stock exchange's parent has made a huge push into crypto. we should point out that ice started out, essentially, as an, you know, electron intrading platform for commodities and things of that nature. they went and bought the new york stock exchange. so this is a company

at overstock you'll find 60% off furniture and mattresses. price. they're almost always on sale. if not, ask your vendor when the next deal is coming. if you're looking for discounts on cold weather gear, appliances, mattresses, air fryers, instapots, they're on sale at bed, bath & beyond. you can find up to 50% off sale and clearance items there. macy's is offering 60% off home goods and kitchen essentials, and look to your favorite retailer for up to 80% off winter clothes. we found gap offering 50% off tees, jeans and sweaters. and you want to keep in mind, because of inflation, the new inventory coming in this spring and summer will likely cost you more because prizes are -- prices are rising right now. robin. >> never pay full price for a mattress? >> never. you can always find a discount. it's always around the corner. ask. >> i have to go shopping with you. that never happens for me. is u ixawhere ny asks for a ou i sawsing it tougher we meet the 74-year-old woman who made sure her vote counted. >>> also, erin jackson, the first black

david: you think of all the a cases, people like patrick byrne, remember, when overstock who claimed,t a lot of evidence, and it didn't really go anywhere. >> because there was good reason to short his stock. i mean, listen, i have nothing against patrick are. i actually personally like him. he's crazy, but i like him. he's a true believer in stuff that he touts. and i think he really did believe there was a cabal of short sellers trying to gang up on him, but proving that is huge particularly when the company has issues. you know, we live in an era where you can debate these things. again, i finish aside from maybe muddy waters, i don't know too many people that have -- david: so bottom line, you don't think the sec's going end up with any scalps on this. >> they're making a lot of noise, but usually it's more than noise that brings the case. i want to see some evidence. and, by the way, where's the evidence that any of these guys did anything wrong? david dave it's like insider trading, it's really tough to prove. >> that's a little easier than this, belief it or not. david: wow, if

quote, former overstock ceo patrick byrne, flynn, and attorney general sidney powell made their case including flynn's suggested use of the national guard and u.s. marshals. according to byrne, powell handed trump a packet that included previous executive orders issued by president barack obama and by trump that the group believed established a precedent for a new executive order, one that would use supposed foreign interference in the election as a justification for deploying the military. in this operation, byrne added, flynn could serve as trump's field marshal. flynn's proposal of using the military was so off the wall, wait for it, rudy giuliani was against it. draper adds this. quote, byrne told me that giuliani recently explained to him that he had counseled the president to reject such a plan because, quote, we would all end up in prison. there's still time. quite a moment when rudy giuliani is pumping the brakes because, quote, we could all end up in prison. wow. flynn continued his campaign, though, for military intervention to overturn president-elect joe biden's victory.

jamie raskin slapped with an ethics complaint overstock shares.efended germany as a reliable ally. >> president biden: germany is completely reliable. i have no doubt about germany. stuart: morgan ortagus takes that one on next. ♪♪ leaving you lost. 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 yep, it's go time with wireless on the most reliable network. ma ok, that jump was crazy!on. but what's crazier? you get unlimited for just 30 bucks. nice! but mine has 5g included. wait! 5g included? yup, even these guys get it. nice ride, by the way. and the icing on the cake? saving up to 400 bucks? exactly. wait, shouldn't you be navigating? xfinity mobile. it's wireless that does it all and saves a lot. like a lot, a lot. [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [

that is what giuliani said to overstock's ceo, who is a colleague of flynn's in this ongoing effort thate is in "new york times" magazine. jonathan, line up the start of this week for us. what's happening at the white house today? what are we expecting to see this week? >> well, certainly the ongoing crisis at the ukraine/russia will dominate this week. chancellor scholz is in washington today. macron meets with putin this week as well. and we should expect to hear more from white house aides touting that good jobs report and economic recovery, the virus cases starting to go down across the country. they know inflation will be the next battle they need to fight. >> and what about the baseball discussions? when are we at a point where we lose the beginning of the season? we're getting close. right now, it is very unlikely for people close to negotiations for spring training to start on time or near it. they have a couple weeks, i'm told, where they can get this done and opening day will still happen on opening day, but they're running out of time. if this delays much further, we'll start