what you've done is remarkable that's manish chandra, founder and ceo of poshmark.aving me. >> announcer: coming up, economies re-opening the delta variant threatening. the covid recovery continues, and the doctor is in next this is how you become the best! [wrestling bell rings] [music: “you're the best” by joe esposito] ♪ try to be best 'cause you're only a man ♪ ♪ and a man's gotta learn to take it ♪ ♪ try to believe though the going gets rough ♪ ♪ that you gotta hang tough to make it ♪ ♪ you're the best! around! ♪ ♪ nothing's gonna ever keep you down ♪ [triumphantly yells] ♪ you're the best! around! ♪ [ding] don't get mad. get e*trade and take charge of your finances today. ♪♪ sofi is a one-stop shop for your finances designed to work better together. save, spend, borrow, invest, and earn cash back rewards, all in one app. that's how you get your money right with sofi. >>> just when we thought we finally beaten the pandemic, this new covid variant starts spreading like wildfire all over the world. we're in relatively good shape with high vaccination rates compar

there's poshmark, okay, that came in january.led threadup in march kind of funny. that's all about second-hand apparel for women and kids two years ago, we got the real real that's digital consignment shop for all sorts of luxury goods. then there's the more iconic names, ebay practically invented the business they have seen a major resurgence, and then there's cramer favorite, etsy, which is more of a marketplace for hand-crafted goods but they recently bought a marketplace called d-pop, and at $1.6 billion deal that closed this week, it's a very popular site just before i get into all these pieces when i talk about how we have too many stocks going, i mean these you're going to hear why because it has to do with what's happened in the marketplace. what makes the story so enticing in the last year and a half, consumers have been transformed by covid people are more value conscious, that's a new trait makes buying used more appealing. at the same time, we're much more willing to purchase things online and we have lots of spending

. >> that's why i have poshmark on tonight and goodrx they have been good at spreading news about howobe purge wp get used to hearing that. >> i am taking down numbers for union pacific. >> taking down numbers on union pacific? okay it's been a pleasure. >> fantastic. >> yes, jimmy. >> teacher, i really liked this class today. >> i am glad you have permission to leave. >> i am going to have a bagel. >> okay. another hour of "squawk on the street" starting aerhift ts. wondering what actually goes into your multivitamin? at new chapter, its' innovation, organic ingredients, and fermentation. fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done. ♪ >>> good thursday morning. welcome to another hour of "squawk on the street. i'm morgan brennan with david faber. we are living from post 9 at the new york stock exchange. carl has the morning off a quick check on markets right now with a lot of red across the board. everything under pressure with the dow down 1% down, 355 point. the s&p down 1.2%. and the nasdaq faring the wo

the dark ♪ >>> welcome back, here's a sneak peek at the cramer cam, jim is talking with the ceo of poshmark 300 points as treasury yields fell again. traders and the options market are wasting no time buying insurance. mike ko joins us with the action mike. >> we were taking a look at spxu, this is a triple inverse s&p 500 etf. it is a trading instrument that is designed to deliver three times the daily inverse returns of the s&p obviously a long bet in spxu is a bearish bet, and that's exactly what we have been seeing in the options market. today we saw 53 times as many calls trading as puts, the most activity was in the july 18th calls. those expire a week from tomorrow, and the average price of those was about 32 1/2 cents on 18,000 traded of course options traders are using short dated options because you can't hold on to these levered etfs very long because they experience a lot of decay if you take a look at a long-term price chart, you can see that these are short-term bets, and it does seem that they are setting up for potentially more downside >> yeah, and i think mike would agree,

she's the proud owner of poshmark shop, which is an online store that sells secondhand clothing. her own business has taught her how to be a responsible and diligent person when it comes to work and maintaining good relationships with her customers which is key for us here at the airport. her favorite ice cream is mint chocolate chip and she loves board games and she learned how to crochet during quarantine last year. emily, welcome to united. [applause] next up is mr. andy zhu. [applause] andy joins united here from san francisco state university and his career ambition aligns perfectly with united as he would like to be an airline pilot. [applause] andy worsed with the japanese youth council as a counselor in training. during his time he worked with other people his age all around the city of san francisco to create a non-profit company to attract investors. what made this so impactful was understanding and experiencing the many challenges of creating a start-up, and andy is also a professional photographer. andy, welcome to united. [applause] bradley simson. [applause] andy is

she's the proud owner of poshmark shop, which is an online store that sells secondhand clothing.ss has taught her how to be a responsible and diligent person when it comes to work and maintaining good relationships with her customers which is key for us here at the airport. her favorite ice cream is mint chocolate chip and she loves board games and she learned how to crochet during quarantine last year. emily, welcome to united. [applause] next up is mr. andy zhu. [applause] andy joins united here from san francisco state university and his career ambition aligns perfectly with united as he would like to be an airline pilot. [applause] andy worsed with the japanese youth council as a counselor in training. during his time he worked with other people his age all around the city of san francisco to create a non-profit company to attract investors. what made this so impactful was understanding and experiencing the many challenges of creating a start-up, and andy is also a professional photographer. andy, welcome to united. [applause] bradley simson. [applause] andy is a student at s