piper sandler says the brand equity is relevant social currency with gen-z. mcdonald's dipped.igital engagement and celebrity partnerships teens overwhelmingly prefer limited service brands to full service brands that offer social experience and affordability factor, a part of the reopening trade, 69% plan to take the vaccine. 81% say they plan to dine in up from the fall and projects that restaurant spending will rebound as both mobility and spending patterns return to normal. >> chik-fil-a is a top spot and they do not advertise. how did that all happen? >> chik-fil-a has brand awareness. they get into the little tifts here and there on twitter. big shift from when i was a teen and hang out at chili's. >> kate, thanks. >>> all right. that does it for us. coming up on "power lunch," with more corporations responding to georgia's new voting law the georgia secretary of state will join to discuss. "power lunch" arstts right after this quick break when you buy this plant at walmart, they can buy more plants from metrolina greenhouses so abe and art can grow more plants. so they c

jeff harte of piper sandler, thank you.his is bloomberg. ♪ alix: -- >> it is time for the bloomberg business flash. a look at some of the biggest news. hsbc brea for sizing the importance it places on asia, where it gets the bulk of its profits. moving all of its executives from london to hong kong. higher shipping at e-commerce costs hurt bed, bath and beyond's profits, but the retailer reported a stronger-than-expected gain in in-store sales. they say they are not passing on its costs to the consumer. the you has raised a blueprint to raise debt to fund its recovery from the covid pandemic. that is your latest business flash. alix: coming up, we will talk oil, the iea with scott chatfield. this is bloomberg. ♪ (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) and you're stretching your lower back on there. there is no better feeling. (announcer) do planks for maximum c

more than 530 some percent, again, since becoming the teens' top apparel brand, according to the piper sandlers now erin murphy. i love this particular report. i love just some of the news that you can get, some of the themes and trends to watch here. take us through what exactly were the key developments between your last survey and what you've seen today >> great, thank you for having me on. it's been quite a year the teens have been dealing with covid-19 for the last month. it's reshaped their behavior a few of the takeaways, we've seeing online shopping penetration, the highest ever. we've seen females also and that's very encouraging, the most important data point coming out of the survey, the last time we saw female spend to outspend male that was in the beginning, fall of 2009, we're nuencouraged with the green chshoots of whati the happening since the lockdown nike, the footwear and awppappa. and there is more with that we're encouraged by. >> we're talking about prices sometimes exacerbate trends that are in place based upon the survey, are we seeing that continue as well are we seein

that can always be robert albertson on banking at piper sander. -- piper sandler.e are honored that robert could join us this morning. you and i used to look and it was a good way to fall asleep. where did we go from robert willens to a 66 page submission from james dimon. robert: i think it's a personality partly. he's a very analytical person and has a way with words. he recognizes analysis for its limits and the possibility of analysis paralysis, but he is attuned to so many things and has pretty reasonable comments about them all. tom: you mentioned before this conversation you were zooming in on his view back to the 1970's. why is now like the 1970's? robert: he is basically saying we had a recovery out of the 70's recession without quantitative easing and we had quantitative easing this time around. he has pointed to the liquidity in terms of monetary policy. lisa: there is a question of what is political ambitions are given the tone of this letter. he says americans know something has gone wrong and blame the country leadership, the elite, the decision-maker

i think we all are piper sandler today releasing its report, taking stock with teens, highlighting thepanies are benefiting lauren thomas is here to help us break it all down. >> thanks for having me, frank. >> of course first topic, what are the top apparel brand with consumers under 23 years old, also known as gen z >> sure. i think to start and set the stage, i mean we are all really looking for green chutes teens are giving us tines of optimism and reasons to be optimistic about this recovery, particularly within the apparel space. females are really driving the rebound here, female teens their wallet share that they devote toward clothing is the highest it has been since 2013, again according to this piper sandler survey among their favorites, nike remains the top choice in both the clothing sector and for footwear nike is clearly a dominant player here. i think it hits on some of the trend that we have seen during the pandemic this trend and move toward add leisure wear, loungewear, sneakers, more comfortable clothing all the time nike is still dominant within that space american

number one number two, the an lift at piper sandler is in 2,000 price target end of the month.n the stock. it had a bit of a pull back but 2340u threatening new time highs i think cmg is still best in class in the fast food area. >> chic-fil-a not publicly traded but number one amongst teams how should we think about that as it impacted others like mcdonald's. >> across fast food mcdonald's has done a great job finding more panache and appeal for the gen z with kiosk dining. it's a great place for my 12-year-old to meet her girlfriends and there's affordability and some element of cool factor it's amazing i think the stimulus dynamic and reopening dynamic of starbucks and luxury that people can afford, i think they're going to starbucks. if you look at the escalation in terms of where the jack ups and impute that on the next quarter i think it will be a big year. >> coming up, sky's the limit, investors piling into newest space and innovation etf what's inside is hardly out of the world. later, crack open a cold one we talk about beer trade on tap as we head to break we're cele

how much bigger can they get piper sandler is referring to it as expectation azure might have to comeatisfy. >> 50% >> yeah. expectations climbing up 32% up by a third year over year that's tough those are tough numbers to meet. how does the market respond. we saw what happened with tesla and some of these other names. our valuation stretched? sure but where else will you put your money not in the bond market >> bob >> at 35 times i'm not sure it's stretched on the current estimates. 1.78, forget about it. they will do north of $2 for sure on this if they could pull it off or if next couple of quarters they will be into 2022 estimates that the analysts have. you're talk about 32 times that's not very high that's historically where it's been you can't even say the valuations are stretched my point is, the numbers are so strong, the earnings numbers are so strong. as long as they can keep pulling that off, i don't think anybody can say it's dramatically over priced not microsoft, not right now >> we'll see and a big week for all of them. let's turn and talk some crypto and credit we got

let's bring in craig johnston at piper, sandler craig, you have been nailing this market the last fewrs tell us, has it been good? is it too good is the market ripe for a pull back >> thanks, brian it is good to get up early and come on the show you started out talking about the reflation and rotation you have to add another r. we are continuing to see movement to the cyclical sector and rotation that is happening toward the energy and basic material type names. also, what you are seeing with the financials to your point, brian, the big picture of the market, this is the normarket that is performin very well and with highs at the time while there is fear and the aaii numbers at the 5% all-time highs here, you are bringing in good news earnings numbers in the next couple weeks are important to where this market is going to go from here. we have a 42.25. maybe a little more to go after that a lot of good news is baked in, brian. >> already baked in. maybe tapering off a bit by the way, craig, feel free to use the r & r market i want to use that credit in the newsletter goldman sachs yes

according to the financial services company, piper sandler 18% of those surveyed said chick-fil-a wasir favorite restaurant followed by starbucks or. when they call start restart. these is the hip term also to put lee when it comes to clothing brands. 27% of teenagers say nike is their top brand and instead of trading baseball cards teens are trading bitcoin. >> well, coming up next, a large scale sideshows and 3 east bay cities creating a lot of problems and dangerous conditions over the weekend. what lawmakers are proposing as a sideshow solution. also, 2 more pollution police shootings across the country which have ended in tragedy. >> and how long it might be until the jury and the derek chauvin trial named publicly kron 4 news >> a large scale sideshows in 3 separate east bay cities and block traffic slowed the response time for medical emergencies over the weekend. 2 of those sideshows broke out in antioch as kron four's phillipe djegal tells us neighbors say they were shocked by their size. >> the big smoke and screeching tires. margaret would sunday night. this is where a larg

this morning piper sandler downgraded planet fitness to neutral.ggests the public is more likely to stay with at-home fitness options. david nicholas, we've seen this thing create seesaw action in the market for a few months now, but i want to go through some of these pandemic winners. for instance, peloton versus planetness in, what do you think? >> yeah, the -- planet fitness. the growth story for peloton, they had a great year last year, but fiscal year 2021, 40% profit margins, over 2 million subscribers. i beat myself up when last time it was trading at $100 a share, i missed it. when you compare that to a brick and mortar, that's not really where i want to be. planet fitness a million members last year. some of those may come back, but i think behavior has changed. i like peloton the here. charles: yeah. peloton, just a reminder, had a negative article about injuring children. that sent the stock down, and i agree with you, it's probably a buy herement zoom, your thoughts on zoom. >> short-term weakness for zoom, we're not going to see the ex

positioned to outperform, and most likely to see multiple expansion also, scott, a quick note on nike piper sandlerh the team survey and nike remains the number one brand by teens. that's a spot he has held for more than a decade it is also the most followed brand on instagram stock has been a bit of a laggard this year, down 3% american eagle came in at number two for teens. back to ubs, one area ubs likes is denim, noting shifting trends from skinny jeans to looser fitting jeans and believe that names like levi will benefit from the shift baggy pants are number two fashion trend for girls. >> rahel, thank you. >>> we are ready to answer your questions next you can send one in by video and, yep, we will play it on the air. e-mail us, askhalftime@cnbc.com. we will be back right after this al advisors create personalized investment strategies to help you get back to your future. edward jones. tailor made or one size fits all? made to order or ready to go? with a hybrid, you don't have to choose. that's why insurers are going hybrid with ibm. with watson on a hybrid cloud they can use ai to help pred

they're like actually number one of the survey comes from piper sandler analysts brokerage firm couple times a year. they found about 9 in 10 us teens own an iphone gen z still interested in snapchat followed closely by tiktok instagram comes in 3rd with 24% of you said survey shows that american teens love to shop on amazon nike is your favorite fashion. brand and chick-fil-a. their favorite restaurant. us property taxes increased at the fastest pace for in 4 years. last year, some of the steepest increases came in. the traditionally low cost sunbelt states. data solutions on the average tax on a single family home climbed 4.4% last year that is not double the rate increase in 2000, 19 now the traditionally high tech states in the northeast still where you pay the most in property taxes with new jersey being number one. well, best buy is piloting an annual membership program in select cities where they expand this nationwide. this is meant to with amazon prime walmart. plus and the others is called best buy beta. it cost $200 a year. you get free shipping unlimited tech support from t

you might want to dust off those baggy jeans, after all, shep i mean, this survey that's done by piper sandlerne really took me back to when i felt like i was all that and a bag of chips. so talking about the '90s, it's about baggy jeans, ripped jeans, mom jeans. remember, '90s grunge? yep, flannel, that's hot again crop tops, too that sort of harkens back to the baby tees of the '90s. for shoes, jordans are hot, but so are birkenstocks and dock martins, as well hair trends, so '90s we are talking curtain bangs, middle parts, curly hair perms, for males, and butterfly clips. >> i don't know a lot of teenagers. what are they into right now >> well, you know, i have surveyed a couple, myself. like, the two that live next door nike is still number one when it comes to both males and females to shoes and clothes for a decade running, now. lulu lemon and louis vuitton are hot for females. when they are hungry, teens are heading to chick-fil-a they are always on their phones, right? so they are spending the most time on instagram. but snapchat is the favorite social media platform. just edging out t

according to piper sandler's latest taking stock with teens report, brands like croc's and nike popular with gen z, and when it comes to food chipotle a favorite. chipotle is my life is what my kids would say. the survey also showed gen z is turning to online brands like sheen and princess polly. >>> trending this morning a big win at the baftas. >> the brit ash cad me film awards named a wildly popular indie film as best picture. >> and the bafta is awarded to -- "nomadland." >> the film also took home the award for best actress for frances mcdorman and best cinematography also won best director, making chloe zhou the second woman and the first woman of color to win in that category. congratulations to them all. >>> you know what? now it's time to get a look at that forecast and congratulations to us. coming off of a nice weekend, i thought it was very nice out there. today hopefully easing our way into the work week, with some more pleasant weather, kari? >> yes, we do have a lot more sunshine headed our way, but we are starting out with some of the low clouds over san francisco, and

according to piper sandler's latest taking stock with teens report, brands like croc's and nike popular with gen z, and when it comes to food chipotle a favorite. gen z is turning to online brands like sheen and princess po po polly. >>> a widely plan ear indie film as best picture. >> it goes to "nomadland." >> it took home the award for best actress for frances mcdorman and best director making chloe zhou only the second woman and the first woman of color to win in that category. >>> also trending, the young golfer who came in second place at the masters is really getting a lot of attention on social media. will zalatoris is making a name for himself off the course as well as he kind of looks like the guy from "happy gilmore" the caddie there. look at it closely here side by side. eh, could be an older version, right? adam sandler who started the movie joined in, tweeted out "have fun today, young man. mr. gilmore is watching you and very proud." if you squint, turn your head a little bit, you're like okay, i see it, there it is. >> i want to hear this golfer's reaction, though. >> ye

i let's bring in nicole miller reagan of piper sandler.is stock with a $2,000 price target if you look, by almost any measure that was a very, very strong quarter more than 130% growth in digital. they opened more than 30 stores. not a lot not to like. it barely moved in after-hours raising the question whether there is still somewhere to go with this stock. >> i think what you see is each quarter they of the hit those numbers, they meet the print as expected then you have to come back take a deep breath and pause and revisit what's the long term thesis again >> nicole, in terms of the report we just saw, what stood out in terms of the hits and misses and your take on the share price reaction >> i think the hits are the digital mix, growing, that's important because it feeds into the value of a customer. customer lifetime value paired against strong unit economic there is 21 million loyalty members and that relationship is really value, more value than core customer. and development, chipotle will be the dominant large company growth stock

>> gosh, this reminds me of being a teen when asked about the top fashion trends in piper sandler's biannualey stand. mom jeans and ripped gene. remember grunge, baggy pants and flannel? hot again, to. crop tops as well. baby tees. for shoes, nike reigns stream-2 years running, michael jordan's called out, and birkenstocks hot to hair trend, curtain bangs, middle parts, curly hair, perms for the males and butter fly hair clips you will at that is tops for teens and the way to play hair and makeup trends if you are looking for stock ideas off some of these survey results. back over to you guys. >> perms for the males was that a 90s trend more sort of the '70s, right >> well, curly hair in general was big in the '90s. i let my hair gocaly in the '90s there were some people getting perms of both genders. perhaps it is a thing we want to look into again. wilf, do you want to try it, be in with the cool kids? >> i thankfully keep it short enough now that that's not possible we will move on off that one court, thank you josh brown, though, is known for being a trend setter what do you think of thi

simmons energy, a division of piper sandler upgrading the stock to overweight.lback of the share price. down 51% from a recent high. the analyst also citing strong growth ahead in residential solar. shares of work horse group also surging today. b. riley initiating that stock at buy saying the company is positioned to beat its competitors to the electric vehicle market and acquire essential customers as it increases production this year up 15% good old cincinnati, ohio, company. >> nice gain for that one. we just did a local company for you as well in terms of the last interview. >>> time for a cnbc -- except they're expanding to other areas so a mix now time for a cnbc news update. courtney reagan has that for us. >> yeah, i'm another ohio an so you're surrounded here authorities say a 19-year-old from indianapolis is the suspected gunman at the mass shooting at a fedex facility where eight employees were killed investigators have searched the suspect's home looking for a motive. >>> president biden is hold his first face-to-face meeting with a foreign leader s

the food processing giant not getting any help from analysts over at piper sandler which did downgrade rally in the stock already and pressures from higher input costs, andrew three red ones in the pre-market this morning back over to you. >> thanks, dom >>> meantime, new this morning, jpmorgan apologizing for its role in the funding failure of the soccer super league. we clearly misjudged how this view would be viewed by the wider football community and how it might affect them in the future we will learn from this. we talked about the super league on monday and again on tuesday that league would have up ended much of the soccer leagues in -- throughout europe and it was ended effectively after a lot of local unrest from both fans but also political leaders and president macron of france, boris johnson in the u.k. and elsewhere. becky? >> shorter life span than you hoped. here today, gone tomorrow. >>> when we come back, president biden preparing to roll out massive tax hikes potentially doubling capital gains on the wealthy and many business owners we'll talk to two lawmakers after t