they hold it in porsche holding. if volkswagen goes through with an ipo of the brand porsche, volkswagen owned bentley, lamborghini, audi, and the number of other brands, if they do, a paper here in germany says the porsche family may sell some of their volkswagen shares to fund the purchase of the shares in the ipo. a very interesting story. if you go into the bloomberg terminal, you can see how extreme the move is. the last time we saw a move of that size was in march of this year. this is a great chart that dan curtis put together showing the extremity of moves and how rarely you see a move like this in volkswagen shares. in the last few minutes, we had the three year treasury auction results coming out. >> we've got $54 billion worth of that auction coming on to the markets to digest and we are getting yields of 1% versus the pre-yield sales of 1.0 3%. we do actually get a bit of a dip here 5.5 basis points. this is the highest yielding auction going back to february of 2020 dislocations in the market when it com

>> no, no, i think porsche goes a lot higher the porsche spinout is much more valuable than ferrari which is selling roughly the same number of bentleys overall with just 12,000 units >> interesting move in that. glad you came on steve, thanks. let's get the headlines with kristina partsinevelos >>> widespread outages for amazon's aws cloud services are affecting multiple companies and thousands of users disney says its service has been disrupted. robinhood is noting issues dr. anthony fauci saying early data suggests the omicron variant is not worse than others it is highly transmissible but not the same as the delta. mark meadows signaling a sharp reversal his attorneys saying meadows will not cooperate with the january 6th congressional investigation. the attorney says the panel has shown no respect for executive privileges >>> that's the news this hour, scott. back over to you >>> kathy woods, we talked about that down nearly 20% this year now she has a new etf. what it is and the stocks that are in it when we come back. >>> oil giant exxon mobil announcing it aims to have net zero by

she wrote back and went, "uh, you don't have a porsche?" and i said, "no, i don't have a porsche.son that you thought i was for a second [ laughter ] >> seth: the most embarrassing thing was then i had to drive a porsche that i now knew i had stolen >> right [ laughter ] >> seth: back to a hotel without crashing it. >> yeah. >> seth: and then there were a few -- i realize a bunch of clues i missed >> yeah. >> seth: which is, when alexi got in, there was like a pair of size 14 shoes and, like, and when i had gotten in, i had to move the seat way up >> right, right. [ laughter ] but that could have been the valet. >> seth: could have been the valet, that's true >> yeah, and he left his shoes in there >> i don't know. >> seth: but then it was nice that when i went back and switched and got your car it was -- there was like half a salad. >> right [ laughter ] it was -- that was obvious you were like, "oh, this is kim. this makes sense." it was like half a salad in the front seat, and npr on the radio. [ laughter ] >> seth: i was like, "i can't believe we thought the porsche was hers."

the third stolen porsche was located in a shop in san francisco. a total of eight classic portia's were recovered. well. friends are remembering a transgender woman shot and killed earlier this morning in oakland. now there is no evidence of a hate crime, but his ktvx amberleigh reports, advocates say discrimination against transgender people often put their lives at risk. and the sky was released. we she was a happy if i'm person, ashley banks tells me she has said that mckay david of hayward, a friend that she considered to be a sister was shot and killed in west oakland. early friday morning. i was devastated when i found out and i got the news, police say. just after four a.m. officers responded to a shooting on castro street and found acai transgender woman suffering from a gunshot wound. she died at the scene. police say at this point, there is no evidence of a hate crime. i know it was some type of physical altercation. that led to my sister getting shot in her head. banks tells me she has no idea why anyone would want to harm the k general.

there was a report out suggesting may be the porsche ipo is on.ket has been waiting on this for long time. they are looking at unlocking significant value in a volkswagen. we have a whole bunch of lockups. as i say, it's up a little bit. these are pieces of important news. one is on its therapeutics, which do seem to have a positive impact, some of the therapeutics that we've been talking about, they are proving to be less effective against omicron. the story may be looking more positive. it's interesting. the bigger effect is on the wider markets. certainly, the market is taking positive news. alyx: i thought we saw that yesterday as well. we are building on that. we have a huge rise in cases in europe. yesterday, italy cases doubling. in the u.k., 100 more cases of omicron have been reported. 7000 people are hospitalized. she specializes in social and political factors affecting health intervention. for we get to what we do with vaccines, the data that we got, a huge amount of case increases in italy and more hospitalizations, how do you interpr

incrementa esta clase de robos de paquetes por individuos a los que se le conoce como piratas de porscheaquete que habíamos pedido imagina estar esperando que te llegue el paquete por tres o cuatro días una semana y de repente no lo puedes tener porque se acerca la navidad ocurre el año pasado y dice que la llevó a tomar más condiciones de seguridad >>> puede ayudar a que vaya a recoger el paquete para usted otras medidas son poner cámaras de video ubicadas frente a la puerta poner un letrero informando que la casa tiene alarma monitorear el trayecto del paquete en línea o pedir que dejen sus paquetes en un casillero o tienda así los regalos y productos pueden llegar a tiempo para la navidad piden a cualquier persona de la comunidad que sepan el paradero de la persona que pude haber en el paradero seis con 503 634 192 desde el condado san mateo, libertad pedraza si tiene previsto realizar viajes en los próximos días no se olvide que el vehículo está propenso a los robos para evitarlo tiene algunas recomendaciones luego se recomienda que no dejen el carro encendido objetos de valor a la v

to separate porsche from volkswagen porsche could be worth according to some reports $50 to $100 billionsells about 20 times as many cars and bentley and your favorite so with the market cap at 125 billion i think you want to own this it is very cheap even if they don't spin it out incredibly cheap. >> which one is your favorite? >> i wonder if bentley continental gt not ferrari. >> i like ferrari. >> no, no. i will get a bentley continental gt when i win the lottery one day. >> thank you always good to have you. >> right. >> we appreciate it. >>> up next, ian bremm er weigh in on the lktas of president biden with president putin "closing bell" back in two minutes. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect. hey businesses! designed to help you keep more of what you earn. you all deserve something epic! so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like ones that re-opened! hi, we ha

to the north bay, where we are learning about a major chop shop bust that involves stolen porsches. the wanted fugitive accused of stealing a number of classic cars and parting them out has been arrested after he got off of a cruise ship in san francisco a week ago. wayne kreger is in custody on a 2019 warrant for grand theft. officers raided two chop shop locations in santa rosa and novato. they found eight classic porsches, along with carports, fraudulent paperwork, and fraudulent vehicle identification numbers. an 18-year-old santa rosa high school student arrested on suspicion of bringing a gun to campus. it happened friday at montgomery high school. officers pulled the student from class and searched his backpack. the student most likely did not intend to use the weapon or threaten anyone with it. he's been booked into sonoma county jail for possession of a concealed handgun and bringing a gun onto school campus. the parents of the accused michigan school shooter are now in police custody. they were found last night in an art studio in detroit. they are accused of not doing eno

volkswagen is preparing an ipo of porsche. the porsche families are looking at this option.hey would buy significant amounts of the stock. we saw the ipo. apparently, the project name is phoenix. no decisions have been made. this is something that has been in the pipeline for quite a long time. been banging the drum on this for a while, saying you could unlock significant value, which would then be able to compete with tesla. vw spokesperson for the family declining to comment on the report. but this is something the market is poised for and is anticipating. it will be interesting to see ultimately if confirmed how big of a pop we would see. alix: definitely watching the headlines. also, president biden and president putin's video call has started. we have been awaiting this for quite some time. where in the leverage is and what both want our key questions heading into this call -- are key questions heading into this call, and also, any political risk here? there may be more geopolitical risk in the markets they are actually alleging. in the meantime though, we are seeing a

they found eight classic porsches along with car parts and counterfeit vin numbers.lisa: we are looking at high-pressure compressing that marine layer. it is foggy. gusty winds will be in response of that compression of the marine layer. that means we are going to see some clearing. i will have the details and talk about rain chances coming our way next. liz: also ahead, bail is not set for the parents of the accused michigan school shooter. the charges they are facing after their son allegedly killed four classmates. toy drives are in full swing. how the san francisco police department is making sure every kid gets a hi, i'm steve and i live in austin, texas. i work as a personal assistant to the owner of a large manufacturing firm. i've got anywhere from 10 to 50 projects going at any given time. i absolutely have to be sharp. let me tell ya, i was struggling with my memory. it was going downhill. my friend recommended that i try prevagen and over time, it made a very significant difference in my memory and in my cognitive ability. i started to feel a much better s

let's not forget you maeentioned porsche the rivians and the lucids cars are amazing, sexy, expensivewatched football over the weekend you saw ads for audi, car companies that have made cars for 50 to 100 years, ford getting into the space how are the little guys or not so little guys -- x tesla, going to compete against the vws of the world with their id 4? >> i think fortunately for them at this point demand doesn't appear to be the issue they have thick order books. rivian and lucid have more orders than they will be able to manufacture in the near term currently, demand is not the issue. as we are expecting this explosion in ev sales and ev demand, you know, they can be right there with some of the bigger companies, certainly at the higher end of the market you know, the issue will be, as cars start rolling off lines and consumers start driving them, what are the reviews like? are they having issues and are they able to actually meet some of the early demand? or are we going to start to see huge supply issues getting i the way? you know, we should start to get clarity over that in

was driving the porsche. the video shows him using the card to push the other car through the intersection that car then hitting a pole. all of that as a group of people were watching a play out. you heard some of their comments oakland. police say at one point the driver of the other car had jumped out and might not have been in that car when it hit the pole. it happened at the intersection of grand avenue and broadway in oakland just after 7.45 somerville was taknn to the hospital to be checked later taken to the santa rita jail where he was booked on dui charges. the other driver was not hurt. frank somerville has been a longtime anchor ktvu. fox 2 but has not appeared on the air for several months. kron 4 has reached out to ktvu for statement but has yet to receive a response. >> it is new year's eve in those people are getting ready to celebrate. there are a lot of concerns about the spread of covid. >> bay area. officials are urging people to celebrate safely. kron 4. sarah stinson is in san francisco w

okay weiss, porsche, volkswagen, quick. >> i think rivian's much too expensive. rather stay at stocks selling at seven times, which are already the leader in evs in europe and will be in the rest of the world and those are the two names you mentioned. >> we've got a couple of interesting stories that leslie picker is following for us a new spac goes public plus, anctis aivt investor is targeting khol's i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com reducing our carbon emissions to net zero may be our biggest challenge yet. there's no single action that will lead us to carbon neutrality. but there is a single source of essential sustainability intelligence. s&p global sustainable1. >>> welcome back a digital media company goes public via spac. our leslie picker, of course, is following the money fo

matt: let's say a porsche 911 bought in berlin, being shipped to new york.scar: at this moment, it will be about twice the cost. matt: twice the cost. that is pretty much what i figured. skirt, great to have your insight. thanks for joining us. oscar de bok is the dhl supply chain mobile ceo. he has a difficult job and it will probably get more difficult over the next few weeks, but he hoped -- we hope he has a great year. lululemon slums as much as 3%, even as the company reported better-than-expected earnings. we will discuss the maker of yoga pants, and our stock of the hour. this is bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller. with amanda lang. bitcoin remains on pace for its fourth consecutive weekly decline. it has long been touted as an inflation hedge. it has been bouncing around the $50,000 level since the flash crash saw a tumble of 21%. but it is pretty silly to look at something over a four-week period, especially something that you consider an inflation hedge. i often spoke to a famed investor, and he held 5% to 10% of his port

in the north bay we are learning about a major chop shop must involve stolen porsches.nted fugitive, stealing a number of classic cars and selling them was arrested after getting off a crew ship in san francisco last week -- cruiseship in san francisco last week. police say off off off off chop shop locations in santa rosa and novato. officers found eight classic porsches along with car parts, fraudulent paperwork and counterfeit then numbers -- counterfeit vin numbers. lisa, the fog this morning. lisa: it is getting worse as it pushes down to the ground. low 40's with that fog. less than a quarter of a mile of his ability in spots, but upper-level wind is going to mix it out and bring us a sunny afternoon. details on the afternoon temperatures and a more seasonal lookahead coming up. liz: also, bail has been set for the parents of the accused michigan school shooter. the charges they are facing after their son allegedly killed four classmates. toy drives are in full swing. we will show you how the san francisco police department is making sure every kid gets a gift thi

we've been long vw and porsche so we're going more overseas in the auto area.e today, i hate to sound like a broken record, porsche is up over 8%. those are the kind of days that you're given a gift. people are really excited about things, market bounced back. take a little off the table. that's what we did we've been long the structural theme. we think it has legs for the intermediate term but it doesn't mean you have to run in and buy on a day like today. we have to caution for investors, you can go long the theme but pick your entry price. get in at a better price. >> we're just getting started here on "fast money. here's what's coming up next. >>> we're dipping into the chips. intel planning to take its self-driving car unit public buckle up, the traders are speeding into this trade, next. >>> plus, freshen that trade up for you? analysts sipping on starbucks ahead of a big union vote. so how should you play the name? you're watching "fast money" live from the nasdaq market site in times square. we're back right after this. the living room slash yoga shanti

in the north bay, we are learning about a major chop shop bust that involved stolen porsches.olice say the wanted fugitive, who was accused of dealing classic cars and selling them, has been arrested after he got off a cruise ship in san francisco last week. 77-year-old wayne krieger of novato is in custody. petaluma police say officers raided two chop shop locations in san francisco and novato. they found eight classic porsches along with car parts and counterfeit vin numbers. all right. ok, lisa, let's get a check outside as we had to break. lisa: that cloud deck is pushing down on the surface, so that is why we are getting the fog in the east bay. then there is the tule fog we need to talk about. we will have a nice day today before we are going to track rain tomorrow night. all next in my seven day forecast. liz: we love to hear it. thank you. dale has been set for the parents of the accused michigan school shooter. the charges they are facing after their son allegedly killed four classmates. toy drives are in full swing. we will show you how the san francisco police depar

you can see what sources say was somerville's porsche crashing into another vehicle from behind pushing it off the street. somerville has been a longtime anchor at ktvu, which is now owned by fox. however, he has not appeared on air in several months. we have reached out to the station for comment on his arrest but not have heard -- have not heard back yet. >>> developing now, strong winds of fueling devastating wildfires in colorado in the boulder area. this region is under a state of emergency. the latest estimates suggest 500 homes have burned making this fire the most destructive fire in colorado history. this is video taken by one man driving through town. the town of superior. in a separate incident, one police officer sustained a minor injury. local hospitals say they're treating six burn victims. >>> happening now, police looking for a north bay mother who left her baby in the car as she ran from police. started right before 1:30 this morning on madrus rose street and winterhaven avenue in santa rosa. police found the mother sleeping in a white minivan with her 18-month-old chil

it means people took off their protection for me, i'd rather go to something with events like porsche >> steve, talk about rivian. it's got its first ever earnings a little of the shine has come off. you've loved it from the beginning. you've been holding on to it what are we doing with rivian? >> yeah. so you said earnings they're not going to have earnings, so earnings or lack thereof. >> results. >> exactly what's better? the stock price is indicative of their future potential this one's going to have a major ramp they're not focused where tesla is focused they're focused -- there was a great report on it today they're focused on commercial vans i'm focused on amazon owning 20% of them. just think about the ramp if amazon decides to take the whole thing, brian think about what commercial is going to mean. think about when they start actually putting pen to paper, if you will. they have software in-house. they have batteries in-house they're not held to the mercy of the supply chain this is one that i'm going to stick with you have to have an iron stomach or steel stomach, whatever

the families might want to raise funds for a separate listing in the porsche brand. for their consumer assets in several asian markets. leading buyers and indonesia, malaysia, and asia. citigroup has been considering a sale of certain resell -- retail assets in asia as it focuses more on investment banking. the start of trading, the property sector remains front and center when it comes to the start of trading in hong kong. evergrande is in focus, headed towards one of china's largest ever debt restructuring. as it manages to do it, there is so much uncertainty about what the rest of the property sector will have to deal with. we are watching kaiser group that just extended trading in hong kong after a missed payment earlier this week. we are watching some other players given that refinancing at this point seems impossible with the state of the bond market at the moment. coming up, how china's property sales are falling further in the last weeks of the year. outlook on the latest property sector. and we will speak with a representative from morgan stanley with strate

. >> in the book a porsche talk about overly and as a talk radio person i've love how you love to rush talked about your mom and the whole cast of people who influence you. who is the biggest influence on jesse watters the man and jesse watters. >> are you making me choose between rush, o'reilly and my mom? >> for c-span and the entire nixon presidential library. it's probably your mom. >> that's where you are wrong. she's not watching. i was inebriated in college one night in the dorm room and i woke up from my stupor and c-span was on the television. i saw the republican politicians on the floor pontificating about god knows what and is as a history major they sounded exactly like what the founding fathers had proposed, limited government, personal responsibility and then i had an awakening. and by a republican. i thought, i am a republican and the next day i'd turned limp -- limbaugh on and that was it. [applause] my mother hated limbaugh and so i would make my mom listened to limbaugh on long car rides. [laughter] and i think one time we were listening and there was a monologue fro

let's say you're lucky enough t be driving and knew her model let's say porsche suv, low mileage in pristineondition. and some schmucker approaches you in a parking lot, asks you if you'd be willing to trade it for his 200 to mitsubishi. its dented on the driver side and has a muffler hanging off the back. you'd burst out. that's with the voter response should be to hear that she is once again running for governor. why on earth would voters there want to give up economic policies that deliver safety, prosperity, and job growth for the misery of places like california and new york? >> four years of governor abrams ? that would be four years of poisonous racial recriminations four years of high taxes on businesses and families, four years of mask and vaccine mandates, four years of smashin grabs increasing violent crime, and four years of anti-american propaganda in georgia schools. in other words, four years of economic and cultural decline. we have seen how this movie end and the blue states across america. what we told you at the start o the pandemic when blue states refused to open was tha

>> a cherry red porsche 911. ( applause ) >> stephen: now, that's a cool answer. precede the question? >> for years i road my bicycle and walking. the pandemic showed up and i said, children's writers, we should show them, we should rete them know. >> stephen: part of your job as a writer, i suppose, is also as a teacher in a way, but i understand hat you feel like part of your job and part of your best experience is to learn from the children. what is it you learn from your interaction with your own audience? >> you know, i think young people can ra show us what compassion looks like, can show us wat empathy looks like. think about it, man, our biggest insult, our biggest critique besides, all they do is tiktok, right, our biggest critique is they're just so sensitive. we hear frit comedians, everybody, they're snowflakes, cupcakes, sensitive. what we're doing is insulting them for being empathetic and compassionate because they want to see the many slivers of each individual free. imagine that. so i think we have much to learn from them if we could just give our

matt: you see a ton of products rolling out from volkswagen, audi, and porsche, from mercedes.hey've already got four or five ev's for sale here, and they will be moving over to the u.s. the question is, the supercharger network is so huge and successful, and germans typically wait for the government to step in and spend money, whereas elon musk did it himself. that is my question. jonathan: waiting for the government to spend money on infrastructure, you might be waiting for a while. matt miller, kailey leinz, jonathan ferro. your equity market unchanged. from new york city, this is bloomberg. ♪ jonathan: the bond market just woke up. up four basis points to 1.5186. a lift across the curve, five basis points on 30's. the curve a bit steeper. the two year down half a basis point, on tens, 1.52. in the fx market, euro-dollar 1.1311. unchanged in the equity market as well. in the commodity market, $75.87 crude. great guests, the cofounder and cio of cumberland advisors. david, you are the perfect guest. the lessons of 2021 as we approach 2022. before we get into 2022, what is the

let's say you're lucky enough t be driving and knew her model let's say porsche suv, low mileage in ne

to report to, do they want to see big oil in their portfolio if they are considering the electric porsche? i can't remember the name of it right now. lisa: this is a real issue amrita sen was talking about. people don't want to invest in fossil fuels in the same kind of way, and what you get is a lack of investment that will lead to oil prices going higher, and perhaps some of these names being out performers, but nobody wants to hold them because of the esg consideration. tom: the legendary bill sneed with phenomenal performance saying oil is a place to be comfortable. i've got to say, on the ev front, the single best experience i have ever had are your glorious electric cabs in london. i want one. i don't know what they are called, but they are phenomenal. caroline: they are made by a chinese maker. i'm not sure. i'm not sure. i and you look into that. but it is unnerving how silent they are. i'm just waiting for next year when suddenly, all of the bmw's come on tap, the vw's come on tap. we will see what the competition looks like for the almighty tesla. tom: i think you are dead on. i

of federal credits it sold so many cars, but you can still get a credit for buying a volkswagen or porschen a tesla. >>> trending for you this morning, rapper drake wants no part in competing for a grammy. he's asking the recording academy to with draw his name from the two nominations from it's ballot, and drake has called out the grammys in previous years showing displeasure for not being nominated outside of the rap category. also trending this morning -- star-studded peoples' choice award being pun pun khau waited. >> the rock took home the night's final award as people's champion. johnson called up a young woman onstage and was attending that event as part of the make a wish program, and he presented his award to her and offered her sound advice during his acceptance speech. >> it's nice to be important, but it's more important to be nice. thank you, guys. congratulations. >> actor seem yaoly yao picked up two honors for his marvel saga. the film takes place right here in san francisco. all right. it's time to get a look at the forecast for you this morning. meteorologist, kari hall,

police say the 3 stolen porsche's were discovered, one in santa rosa, another in novato and the other also evidence of other possible stolen cars car parts. fake registration, papers and materials to to counterfeit vehicle and identification numbers at both vestigation his still very much ongoing. dave. >> all right. we're looking at temperatures into the lower 60's for highs today we have the fog to contend with a little bit off to the east bay particular will take a few hours kind of shake that off even though we'll see lots of sun. but on the cool side and we're hunting and pecking for som ♪ ♪ you are my fire ♪ ♪ the one desire ♪ ♪ you are, you are, ♪ ♪ don't wanna hear you say... ♪ ♪ ♪ i want it that way ♪ ♪ ♪ ♪ ♪ >> some 45 on this saturday. and take a look at this. it snowed on the big island of hawaii. time last time lapse images show you right here them on a it showed if it was winter up there. can you believe that lots of fog covered too. it was dumping snow in the higher elevation areas. the national weather service says the area could see up to 12 inches of snow and heavy w

. >> a porsche or a rolex. they got pretty much what they wanted. >> reporter: why did they give back murder. >> how do you plead? >> not guilty. >> a sensational murder trial. >> reporter: theirs was the case to usher in wall-to-wall tv coverage. even before o.j. >> i was just firing as i went into the room, i just started firing. >> reporter: the kind of horror you couldn't stop watching. >> what was in front of you? >> my parents. >> reporter: tonight you'll hear the real story, told by the investigators. >> his face was disfigured from the shotgun blast that he took to the back of the head. >> reporter: by the young men themselves. >> they weren't real. wax. >> reporter: the real-life details of the defense that shocked america. >> uhm, we would be in the bathroom, and uh, it would, he would put me on my knees. >> i'm lookin' to see, is he tellin' the truth or not? >> reporter: tonight, we'll ask the brother at the center of it all -- about truth. >> to this day i'm still dealing with -- with the controvers

you could still get credit for buying a ford or even a porsche, and that is what he says we should get of. it's what we see in business when a company takes advantage of something and then pulls up the ladder once they are on top. right? >> uh-huh. >> the more you know. thanks, scott. >>> trending, rapper drake wants no part in competing for a grammy this year. he asked the recording academy to with draw his two nominations from the ballot. drake called out the grammys in previous years showing a displeasure for not being nominated outside of the rap category. he previously won four grammys and is trending this morning. another pop star has been everywhere this year, and i am learning more about her. >> she is taking it back to where the story might have started. ♪ ♪ good for you ♪ >> her and a plan staying inside a california dmv where she might have finally got her driver's license. that's part of the viral hit she has in the tiny desk concert series. a good friend of mine is the producer for that. >> really? >> yeah, and he's getting to see the amazing acts all the time. >> big band

split off various parts of the business, headline regarding volkswagen, would they syphon off part of porschesion but certainly getting more fuel given the news out of intel today. >> got to be more than one because we just showed affirm and global foundries both positive so let's look closer >> yeah, we'll dig back in and there is a good piece on cnbc.com up right now. check it out and a quick programming note, don't mis-c nbc's financial advise or summit, that is tomorrow at 10:00 a.m. eastern we'll break down all the key gains that you should be watching into 2022 find out more at cnbc evtsomen.c 2ek c tech check is back in a moment. y managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients

. >> stephen: one of my kids has a question for you, which is if you could take any of the porsche entsn't you hear what i said? toxic. it would kill me. >> stephen: okay. but if-- but they also give you powers, right? >> yes, okay there are different things, there are different things, yes. when i play the games, the potients are a game thing. there is a reference to potients in the books as well. i would say from the games there was one potient which allowed you to breathe under water, which seemed pretty cool. i love scuba diving myself, so it would be pretty cool to do that without the gear. >> stephen: yeah. >> yeah. ( laughter ). >> stephen: that would be nice. >> yeah. >> stephen: where do you like to go? where is your favorite place to scuba dive? >> i have scuba dived in florida and fiji-- fiji was amazing. >> stephen: i would say so. >> especially during night dives out there and stuff. >> stephen: night dives. >> yeah. >> stephen: you're not afraid of the sharkie-pooing nibbling on your toes will at night? >> 100%. >> did you see them? >> the trick is you dive with other peop

bender: he had a porsche, he had a bentley, an aston martin close to $200,000.cade. swann: unexpectedly, we were notified by jeff's companies that i was not on the policy.

. >> steve weiss >> ipo in porsche increase net worth by $50 billion seems like an easy decision. >> all right, guys thank you. "the exchange" starts now. >>> thank you very much, scott hi, everybody. i'm kelly evans. here's what's ahead this hour. stocks taking a breather after back-to-back strong gains that helped close the gap from the recent selloff small caps are still lagging the rest of the market this year four names that are good buys right now. >>> shares of charge point lower after a wider than expected loss the ev stock is down 30% from going public back in march the ceo joins us to talk earnings, expansion plans and infrustructure bill. >>> games, fashion and canned pork g gamestop, rent the runway and hormel it's back. first let's begin with the markets. dom chu is here with those numbers. >> maybe you guys out there know how much i love spam let's talk about the mixed markets right now. kelly mentioned pause. two strong days worth of gains mixed market with the dow underperforming down roughly 0.01%. the level on the s&p 500 hovering just around 46.90 right now and fla

porsche, logistics which you continue to talk about in recent months are both down respectively and technologyer up twa% and stay with moderna and what you think about it in the here and now. >> well, look. moderna has been a valuable stock as have the others and particularly biontech, but the future is right. next year should be a phenomenal year for the stock as we see the pipeline of more than 30 vaccines and therapeutics come start moving through the pipeline to a great extent first up, we'll get cmv and then rsv. one is for birth defects and one is commercial and rsv for respiratory and the others will move from phase one to phase 2, phase two, phase three, et cetera now that you have proof concept of the covid vaccine and mrna technology, i think the future is as bright as it's ever been however, it is important to manage the position as i've done so i'm currently short calls which expire today because as doc mentioned the volatility speaks and you get these fat premiums that are ridiculous and they're able to sell calls against it and i also buy puts on occasion. it seems like the hedge

steve, that tesla makes on theirs because look at the price they're selling those volkswagens or porsches, different story, high luxury vehicle, versus the teslas tesla's able to make a lot more money on the sale of those and they don't have to legacy costs. they don't have all those costs for pension and the legacy issues for factories that many of those other competitors that you're rightly calling them, but they have significant dealer networks and everything that cuts into that profitability dramatically >> weiss >> there's also a wide range between seven times earnings and 100 times earnings so would 50 times be the right tesla? could be by the way, consumers like having those dealers where they can go and take their car in and have it fixed. that's why tesla's putting more out. i think so many could be winners in the group and true, you're not going to have the same profitability by car that tesla has, but that's why volkswagen's going to overtake tesla as the number one ev seller as they already are in europe. >> well, part of the peaking we saw in evs could be build back better an

. >> steve weiss >> ipo in porsche increase net worth by $50 billion seems like an easy decision. >>tarts now. >>> thank you very much, scott hi, everybody. i'm kelly evans. here's what's ahead this hour. stocks taking a breather after back-to-back strong gains that helped close the gap from the recent selloff small caps are still lagging the rest of the market this year four names that are good buys right now. >>> shares of charge point lower after a wider than expected loss the ev stock is down 30% from going public back in march the ceo joins us to talk earnings, expansion plans and

porsche declined to comment to walnut creek mayor kevin wilkes says the city council will hold a specialalk about new security measures downtown. alright prepare to pay more for your breakfast. cereal giant general mills plans to raise prices on dozens of products beginning next year from cheerios, cinnamon toast, crunch and twitter tricks to your play betty crocker and fruit roll ups general mills says higher prices of commodities coupled with those supply chains, foster and backups are behind the increase to customers. prices are expected to go up starting in january. well prices and shortages not just affecting the food you buy. now. some christmas decorations are also getting scarce. reporter giovanni luigi is in the sierra foothills for us tonight with details on a christmas tree shortage. giovanni what's happening? mhm good evening, heather. julie will these trees take about 10 years to grow, and that's part of the reason why there is a shortage of them at the moment about 10 years ago, when the recession happens, farmers they planted less of them because of the demand for them was

heart of the energy transition to help move the system to a cleaner and more reliable, hopefully the porscheo help solving the climate change challenge that we have underway. at the core of that, of course, is digitalization and software. i in particular and focused on helping enable digitalization through solutions that help our customers detect and monitor their environment. cybersecurity -- the understanding of that exposure, and we work on technologies and solutions to help customers get faster at detecting threats and hopefully stopping them along the way. andy: thanks, leo. leo has been on several interesting panels for months and you will hear good stuff from him. aspen at least, -- last but not least, thomas warrick. tom: my name is tom warrick and i work with secretary johnson at the department of homeland security working on counter terrors and other fetishes. all of the fence that secretary johnson spoke to are very real in my professional experience. i had about the atlantic council the future of dhs project, where we look at how the department of respond to these challenges, whi

heart of the energy transition to help move the system to a cleaner and more reliable, hopefully the porsche to help solving the climate change challenge that we have underway. at the core of that, of course, is digitalization and software. i in particular and focused on helping enable digitalization through solutions that help our customers detect and monitor their environment. cybersecurity -- the understanding of that exposure, and we work on technologies and solutions to help customers get faster at detecting threats and hopefully stopping them along the way. andy: thanks, leo. leo has been on several interesting panels for months and you will hear good stuff from him. aspen at least, -- last but not least, thomas warrick. tom: my name is tom warrick and i work with secretary johnson at the department of homeland security working on counter terrors and other fetishes. all of the fence that secretary johnson spoke to are very real in my professional experience. i had about the atlantic council the future of dhs project, where we look at how the department of respond to these challenges, w

appraising, knowing these values they have the best database in the industry for whether it is that 1966 porscheolicies on that stuff. it is really a specialized corner of the market. >> we saw some of those gems outside the stock exchange today in celebration of the ipo. robert, thank you. robert frank, see you soon. >> robert just said a 1988 mustang. i mean, when i was a senior in high school, a friend of mine got one of those new. >> so you're old enough -- >> i guess i'm now old enough. >> you're classic yourself. >> i don't think he still has it. >> what was your first car >> a 1969 pontiac grand prix. >> you also have an old car you are trying to sell. >> i'm not trying to sell it people can make offers. >> that's a good point you are trying to put it in that classic car category. >> but you don't have the hagerty insurance. it was a strong day. it was broad but it wasn't all encompassing what did you make of some of those losers >> it's still a selected market. i think it was a reassertion of that rotation that we got used to for a long period of time you did see yields go up it meant pe

we have strong economy and a lot of donald trump's most out spoken supporters drive around in porschesat banks. >> they go around on their yachts or there large boat with trump's flag. they have obscene flags like applying from the front of their man shins. that's what does not fit this time. >> that's not as big of a story as middle class really wealthy people snapping forward and for their own reasons responding to this kind of talk and turning their backs on separation of powers on madison's checks and balances. they know better. they choose still. >> on the attack of the capitol. >> nor bible verse. they know the difference between darkness and light and they choose darkness. they choose and they continue top spread these lies to believe these lies that some italian dude somehow rigged the elections. >> i want to say you are right, the phrase of being left behind does not register materials conditions economically. this is the cultural reality, this was what you guys were talking about yesterday with sofia and lowry. the lost that you were noting in your tweet had everything to do

peter: so you saw the porsche? that's epic. matt: let's just say it is out there. carnival cruise fleming 4.1%, the highest in over one month. this is bloomberg. ♪ david: this is an interesting book in the sense that it came from a series of lectures you game -- gave after someone who wasn't ideological opponent of some of your views, and that was justice scalia. were you a friend of his, even though you had ideological differences? >> i think so. we would debate those differences good i thought we had a terrific debate. in lubbock texas, there were several thousands who had never seen the supreme court justice. we talk about our differences. i say, if i had your theory, think george washington knew about the internet for free speech? and he would say, i knew that. good point. then he would say, i am not saying my theory is perfect. he would say, you know the two hunters hunting bears and one is putting on his tennis shoes and said where are you going? set up there is coming. you can't outrun a bear, but yeah i can't outrun you. that was his view of my way of decid