from redditers to stakeholder, apple's chip tip ahead of anticipated iphone 13.ction is. those stories all coming up in rapid fire right after this.q■ ♪♪ energy is everywhere... even in a little seedling. which, when turned into fuel, can help power a plane. at chevron's el segundo refinery, we're looking to turn plant-based oil into renewable gasoline, jet and diesel fuels. our planet offers countless sources of energy. but it's only human to find the ones that could power a better future. >>> lrlt everybody let's catch you up on a few stories that should be on your radar this friday. it's time for a friday tech edition of rapid fire. so, here to break down the headlines, we welcome jon fortt, gina sanchez, and e na freed we are thrilled to have you guys all here let's begin with reddit. reuters is reporting that they are seeking to hire advisers for ipo. the company was valued at $10 billion in a private funding last month sources say that reddit helps value at more than $15 billion but like robinhood, could reddit turn into a meme stock, jon, or is that the po

the head of robinhood, who somehow spoke to each other, said let's screw over the small investor redditrotect big wall street. this whole meme, and on top of that that kenny g lied before congress when hism plained this situation. this was trending, i'll tell you i saw it last night and today, was trending so much that citadel had to put out multiple statements denying it calling it a massive conspiracy theory and he likened the reddit crowd to people who don't believe that we've ever put anybody on the moon. you got to see these, i called them a bunch of conspiracy theorists one of the fascinating parts is these reddit guys keep saying they spoke, listen, kenny g is on the record saying he's never spoken to him, he's never texted him, never e-mailed him, now of course, robinhood and citadel have a big working relationship. robinhood you can buy a stock on robinhood without paying a commission because it sells its buy and sell orders to third party brokers like citadel who matched a process known as payment for order flow. of course they have a relationship and citadel is robinhood's bi

how do you feel about reddit ipo-ing?e it could -- you make a great point, you know? and you're talking about what they call now the meme stocks, i suppose, the amcs, the gamestops. this is, i guess, in my opinion reddit will be propped up by these same people that are buying those stocks. and who knows where the end of the day is with these momentum traders, if you will. you have a company, look, i don't think how they make money. couldn't there be another reddit tomorrow? i've been on reddit a handful of times, i've never paid for it. so, to me, is the company going to be profitable9 if the long term? i just don't see it. but again, maybe the momentum if investors can prop this up and make the stock go higher for the short term. lauren: do you see them being profitable, ken? they make their money for advertising sales, and the last quarter was $100 million. >> again, in february their valuation's $6 billion, now it's 15 billion? really what happened many that space? 2020, remember, it was 170 million. clearly this seems

he posted tough on reddit about his trades.ng some sort of manipulation case -- liz: exactly. >> -- there's really nothing here. and so the guy is fine. and that's the whole thing. the one question is, i think, with all these meme stock guys and everything, you know, listen, to invest in a stock purely for a short squeeze is dicey particularly if you're telling people there's going to to be a short squeeze like the amc apes do and the stock is going to a hundred when there's no evidence that amc is ever going to squeeze. and one of the reasons why there's no evidence, because it's easy to borrow the stock. if you tell people that, there could be a case -- and i've said this in the past -- of you trying to jack up the price of a stock based on false information because there's no information here, there's nothing out there that lets anybody believe that amc is ripe for a short squeeze anytime soon. it's easy to borrow. prices are going down lately, so it just tells you after it kind of broke out at 50 and then it died. the squee

what's trending on reddit?t's smile direct club the stock is soaring yesterday and pulling back today kristina is here to explain why. >> the reddit movement has changed the game today we have many targets i'll start with smile direct club shares climbed 16% yesterday down, granted, 2.68% right now and that's a lot of it has to do with profit taking but they make clear teeth aligners and has been around since the early 2000s. 33% of its float is shorted so that's over 34 million shares. that's a substantial amounting and the reddit crowd has noticed. it doesn't make the top 1,000 most shorted stocks according to s-3 partners but it's getting some love online daily mentions climbed over 1500%. it's the number three trending name today and that's attributed to the surge in trading volume for smile direct club. it was three times higher than the prior 30-day average but this is a company that is still unprofitable, struggled through disappointing earnings and currently trades near the lows on a positive note, the

. >>> and welcome back soon reddit traders may be able to trade shares of reddit itself taking early toward an ipo. it's joining a crowded pipeline, roughly 100 companies are set to go public before year's end. let's go over to bob pisani for more bob? >> reporter: while we're waiting for delta to work its way through the system, you're right. we have a very busy fall season on top of that first two-thirds that's been very busy. let me show you what's going on here eamon is right we're dealing with a record year potentially another 90 to 110 ipos, about 375 ipos raising $125 billion now this would be a record year, that $125 billion in terms of the amount of money raised, and the second biggest year in terms of the deal size, that 375 second only to 2000. remember that one, of course, was all the internet stocks involved and some big consumer names, names you would know about here not obscure software companies warby parker they license brands like eddie bauer. allbirds, a lot of consumer names are likely to go they haven't formally filed yet but instacart, the big grocery delivery c

that reddit conversation, very interesting one. we're actually going to talk to another platform if owner right now that has a completely different spin on how these young investors communicate, lauren, thank you very much and have a great weekend yourself as well. and happy labor day. you know, the nasdaq looking at three in a row as the markets close out the week mixed. the tech-heavy index on pace for a third straight record close. the s&p 500 also set a new all-time high if it can hold any gains and barely hang on to gains in the s&p. the dow losing ground by 36 points. investors are trying to, well, make sense of an august jobs report that missed by a mile. our floor show puts it in perspective. we're going to talk to a ceo about what he is seeing in the american jobs picture. meanwhile, we're going to show you some live pictures. president joe biden is on the ground at this moment in louisiana. there he is speaking right now. he's talking with some local officials there about how they're dealing with the devastation from hurr

rh also delivered 2023 numbers i know the reddit people love it i'm not trying to protect reddit peopleaith in it is just mystifying to me. >> show me the money. >> hey, jim, thank you. >> show me the money. >> we will see you -- >> tell kevin i said hi. that was amazing we'll talk to him in just a minute, and we will see you in just a few minutes too as jim mentioned, lululemon's teo is going to join us live afr that blowout quarter stay tuned, you're watching "squawk box," and this is cnbc >>> perhaps the stock of the morning, 13% gain, lululemon, shares soaring after the company beat analysts second quarter expectations appears lululemon's wardrobe works for at home employees and those rung to the office joining us now is calvin mcdonald, ceo of lululemon the results were above expectations i tried to figure out what was better than analysts were expecting. plus, i think the sales goals you set for a couple of years from now you've already hit. i said, okay, was it online or back to stores so it was both so i said was it people going back to work or was it people staying at home? it

. >>> we had a news alert on reddit >> morgan, reddit, best known for its messaging board, is reportedng to sources, reddit is speak to go higher advisers. latest valuation around $10 billion in the private market. reddit is by no means a young company. just in the last 12 months it's become a bigger focus given the use of the messaging platforms by retail traders to discuss a lot of the meme stocks, but again according to the report, reddit look to go go public. back to you. >> notable, an ipo, not a spac or other ways we have seen. >> yeah. >> thank you >>> after the break, we're going to sped to a broadcom analyst for his instant reaconti to the earnings "closing bell" will be right back >>> the beat on the top and bottom lines joining us is stacy raskon of bernstein research good to see you. >> thank you good to be here. what's your first take >> maybe it's a touch in line, and the guidance is quite strong, both on the top line and on margins they did like a 51% -- these guys are just a machine, and that machine is continues into next quarter it looks like the momentum is still goi

one reddit board devoted to her disappearance has commenter scouring yellowstone web cams for sightingsves into possible leads and combing through the pairs instagram posts for clues. police fear if they don't find brian they may never find gabby. >> the moment you believe bryan might be >> i think that's fair to say. i mean, you have somebody. there's an enormous amount i'm sure on hand to provide answers and what's going on. >> brian entin reporting for us tonight. switch gears. talk about our 4 zone forecast. a live look at the golden gate bridge socked in all that fog tonight. but guess what? folks rain is on the way. measurable rain to talk about probably 4 meteorologist mabrisa rodriguez she was popular last week with the gorgeous weather. now you're popular again with the rain. i know, right. it's pretty sad that we're getting excited about a 10th of an inch of rain. but hey, every drop will certainly help, especially because. >> we have a fire weather watch that's going to start as soon as the rain exits, the bay area. so it is mainly going to impact our highest peaks. >> elevat

>> well, i guess the reddit army was right so far on this one >> we'll keep an eye for that.power lunch. "closing bell" starts right now. >> it does tyler, kelly, thank you very much welcome to "closing bell." the dow and s&p kicking off this shortened week in the red. >> welcome back to new york. >> thank you very much good to be back. >> i'm in for sara eisen let's look at what is driving the action the industrial sectors the biggest loser on the s&p, also

you take out a charitable document for reddit regular americans, put it in newunion dues that would benefit big labor .ig scrapping america's reduction for donating to charity and replacing it with a special subsidy for uniondues for big labor . youcan't make this stuff up . sorry red cross, sorry local churches and houses of worship. sorry to kitchens, democrats and the teamsters and the fiu need the money more than you do . and they are the only group democrats favor to literally make out like bandits. look at how income earners in coastal blue states, the bill that raises taxes on everything that moves somehow makes room for a special gigantic tax cut for wealthy people who choose to live in high tax states. more than half the benefit of the so-called salt policy would go to the top one percent of households. there's also a special tax rate for people who choose to purchaseexpensive electric cars . we get the picture. make us industry less competitive than china in order to massively subsidize the coastal cosmopolitan lifestyle. that's what the democrats want. this bill would also create

reporting results last night it grew sales but it's all about the digital transformation those redditraders maybe moving on from gamestop to a new group of meme stocks, frank. >> bbig, vinco, attracting reddit traders as gamestop continues to fall. one posted today a bird squeezing worms in their hand and calling bbig one of their squeeze plays of the day another saying bbig, vinco ventures, might be the mt. rushmore short interest at 22% for vinco ventures newer meme stocks including bbig, clover, trading higher they are losing faith in gamestop and the prospects of cohen's transformation strategy to online selling. >> every quarter people say this is the quarter if you read my twitter feed, i said three more months and had a bunch of people reply, yes, it's coming next quarter. that's what they said last quarter and the quarter before every quarter they don't tell us their strategy makes the likelihood there's a real strategy more remote i think some people are catching on >> so it's important to know gamestop announced a fulfillment center in nevada and customer care center in flor

there were hedge funds that rode on top of the reddit crowd. stopped. >> do you think more regulation is coming? >> i think there has to be a way to protect regular people because the problem is the risk is not equitable. a hedge fund loses in a position, wipes itself off, goes back to its $30 million penthouse. the regular guy -- >> the little guy is saying don't regulate me. >> right, because that's what makes it strange and hard to decide. robinhood handed tools to everyone so everyone has the ability to be in the market but not everyone takes the same risk and so we want everyone to be allowed to use their money how they want but there has to be some level of education or understanding that you can lose everything, too. >> buyer beware. this is the deep end of the pool and you are swimming with the sharks. ben, thank you for joining and thank you at home for watching this busy hour. i'm stephanie ruehl. hallie jackson picks up breaking news coverage on the other side of the break as we await a decision from a group of fda advisers about whe

the reddit crowd is involved in this , some people are talking about this is the new meme stock , even a stock. it's uranium, it's the futures, it's stocks tied to uranium, it's the etf, given the amc ape s a run for their money, so there's a lot going on here in terms of what's going on in uranium, and plus, nuclear power. i meanings if you think about it , why haven't we had expansion s in nuclear power, well people are afraid of the downside, but as bill gates said there's got to be a way to use technology to make it a lot safer. this is not 1973 so that's where we are right now, liz. it's a fascinating story i think it's going to keep going. i do, i would like to know, liz, where that one hedge fund that's buying the physical assets is actually placing. i hope i don't live next to that person. back to you. liz: [laughter] charlie gasparino we thank you very much. charlie: i hope you don't live next to that person. liz: well i'm in jersey, so it's probably already there, okay? thank you. the dow, yes, we are at session lows, but somehow, that doesn't seem to matter as much as we pre

i'm on reddit, i'm just trying to figure out the next stock. so here we are. caroline: i next guest writes about the world of crypto. that is next. this is bloomberg. ♪ romaine: today we are focused on the push and pull in the market primarily between the big investors. a phrase that popped up yesterday from the mouth of el salvador's president. caroline: let me just take a birdseye perspective. a president of a country getting onto social media, what a brave new world. romaine: that would never happen. [laughter] caroline: even though it was the turbulence of bringing bitcoin to the masses in el salvador, but he then made a profit. taylor: i was reading research saying you would've thought how does the retail investor respond, do they sell crypto? from a presidents mouth to a retail investors robinhood account, we will say that conversation maybe for the next segment. our guest joins us to discuss. it is really interesting, given your commentary in the bloomberg opinion column about how some of this regulation was really built. i think we will get to our gues

one reddit board devoted to her disappearance has commenter scouring yellowstone web cams for sightings doing deep dives into possible leads and combing through the pairs instagram posts for clues. police fear if they don't find brian, they may never find gabby. >> the moment you believe ryan might be again. >> think that's fair to say. i mean, you have somebody. an enormous amount i'm sure on hand to provide answers and what's going on. >> brian entin reporting for us tonight. while police are now calling this a multiple missing persons case. gabby's family issued a statement today saying, quote, brian is not missing. he's hiding. gabby is missing. tonight there are new developments in the ongoing saga of a powerful south carolina family, the south carolina attorney general's office has now launched an independent investigation into a 2019 boat crash involving paul murdaugh. investigators say he was behind the wheel of a boat crash that killed one person and injured 2 others detectives say that everyone on board that boat at the time was intoxicated, but now one of the passengers who w

most of had has to do with tug-of-war on reddit who bet the stock would keep rising and professionalagers of wall street hedgefunds who bet game stop would crater. these short sellers proof when a stock goes down but they also lose big when the stock goes to the moon hedge fund melvin capital losses are the most visible wound at at least 53% of the investment gone in january alone maple lane lost 45% in january short sellers were definitely hit hard. >> i'm humbled by what happened in january investors suffered significant losses >> robinhood and td ameritrade protected itself and customers citing regulatory obligations. the trend has ignited calls for tielgt tighter rules the meme stock movement may remain a fixture on wall street and so the stock market will be forced to think how individuals will use no feed trading apps and social media to up end wall street's turf. leslie >> thank you this leads us to ourfirst question tonight is short selling dead? has the possibility of a random meme rally killed the classic long, short strategy with us now is short seller, carson block thank

. >>> and was the reddit army right? the shares of one-time meme stock blackberry soaring on better than expected results the ceo will be with us to discuss the company's strategy to go all in on a connected future kelly. >> tyler, thank you very much. hi, every. let's get right to the rally fresh session highs, we are just off those levels the dow is up 611 points 178% s&p up 1.5%. nasdaq up 1725%. all of these are pushing markets back into the green for the week. in the bond market yields are moving higher as well, more notably than what we have seen in equities. the ten-year just south of 1.4%. rick santelli saying watch this level. if we close above it it is going to change the technicals it is helping bank stocks. citi, regionals all higher ci citis $71. energy names, devin energy, apa. we are going to dig deep sbeer the rally and see what the bulls are buying and what they aren't, bob pisani is down on the new york stock exchange. >> the bears are stunned even the bulls are stunned right now. monday we were down 5%

> now social media users are flooding platform searching for gabby on sites like tiktok, twitter, reddit and others. one reddit board devoted to her disappearance has commenters scouring yellowstone web cams for sightings doing deep dives into possible leads and combing through the pairs instagram posts for clues. police fear if they don't find brian they may never find gabby. >> the moment you believe ryan might be >> i think that's fair to say. i mean, you have somebody. there's an enormous amount i'm sure on hand to provide answers and what's going on. >> a man is set to spend the rest of his life in prison for his role in the deadly 2019 school shooting in colorado friday, a jury convicted devon erickson for killing his classmate and wounding 8 others. erickson was also convicted on several gun charges. the victim's father shared his thoughts on the apology that he received from erickson's family. >> what i saw there was not genuine, but more theatricals. that's my feeling. that's why clinton got up and walked out of there. >> the judge in the case says she hopes the sentence will ma

one reddit board devoted to her disappearance has commenter scouring yellowstone web cams for sightings doing deep dives into possible leads and combing through the pairs instagram posts for clues. police fear if they don't find brian they may never find gabby the moment you believe bryan might be in danger. i think that's fair to say. i mean, you have somebody. >> there's an enormous amount i'm sure on him to provide answers and what's going >> brian entin reporting for us tonight. while police are now calling this a multiple missing persons case. gabby petito's family issued a statement saying that, quote, brian does not missing his hiding. gabby is missing. meanwhile, tonight there are new developments in the ongoing saga of a powerful south carolina family, the south carolina attorney general's office has now launched an investigation into a 2019 boat crash involving paul murdaugh. investigators say he was behind the wheel of a boat that crashed killing one person and injured 2 others detectives say everyone on board was intoxicated at the time. but now one of the passengers on that

there is skills getting thrown into the arena and 11% yesterday and another 5.5% field by the redditof skills on the wall street's forum rising more than 4000% in the past 24 hours we watch the rebels because what they talk about usually moves in the markets. the chatter surpassing that of the original reddit gamestop and amc with your host down after big moves yesterday gamestop is down two and a quarter percent and amc down more than 6% amc every see much of the move to the upside yesterday as you can see that stock is $44.20. tesla moving in slow motion after receiving 11 page letter from the safety administration as part of an ongoing probe in the tesla's autopilot feature and a string of crashes involving first responder vehicles, the near times is reporting tesla has until october 22 to turn over the data we will keep the look on eve unless, the stock is out over a quarter percent. hurricane ida ravaging louisiana we will head straight to the value 50 what businesses are doing to clean up the race to restore power with a million customers it is just the beginning, the closing b

even the moderator of the reddit forum dedicated to gabby petito told me they don't know. shep, it may just be that this story touched a nerve, a compelling victim, a baffling mystery and now an unfolding family tragedy and something about that combination provokes a sense that we need to do whatever we can no matter how small to help get to the bottom of it. shep >> all right thanks very much. >>> and if you have any information on the gabby petito case, especially any sightings of brian laundrie, call the number on your screen, 1-800-callfbi. >>> the federal government controlling the supply of a popular covid treatment. the demand outpacing that supply states are now forced to ration the infusion and make decision on who gets it and who doesn't the former fda commissioner dr. scott gotlieb live with us tonight on this, plus the booster fight and his new book detailing his interactions with the trump white house when the pandemic first hit >>> plus, crisis at the southern border haitian deportees reportedly assault u.s. pilots and injure several officers the new reportin

others, we have to talk about the others in the reddit realm the metals company, real estate tech start-up offer pad solutions closed 35, look at that 58% higher right there so could be because jpmorgan is down with the opad offering them a new credit line. a reference there for those that know, and then you got the regulars like game sstop, palantir, getting mentions as well as amc, clover, and dutch brothers ticker, bros the coffee company only went public yesterday but has over 450 locations across the united states, and word on the street is people like working there turnover rate is 40% versus over 100% average for fast food and coffee chains. so definitely some big jumps today. there's no telling what a group of mobilized retail traders can do >> that is for sure. christina, thank you let's dig deeper into one of the names with our first question. and here it is >> my name is cordell, calling out of ohio. i want to thank you for the advice you have given over the last month, helping me get in such positions such as disney, and today, the stock i'm calling in on about is the position

. >> a new bride took to reddit to fume about what her in-laws did.their wedding cake. >> the woman says they were on a tight budget, so they served cupcakes to the guests and were hoping to save their small wedding cake in tact to save for their one-year anniversary. >> when they came back, mom and dad had snapped up every last crumb. my family has no boundaries. i came home the other day and i was logged out of my netflix account, my hulu account. this doesn't sound like a big deal, but to each his own. >>> next to a halloween costume that would make it impossible to eat any cake or treat. of any kind for that matter. >> leave it to kim kardashian to set another fashion trend thanks to her blackout balenziaga look. >> now a costume maker is launching its version of the look. it features a black tube dress and a breathable facial hood. >> it's called the yandy mystery guest costume. and it can be yours for $99.99. >>> finally to a russell terrier that set a world record. >> his name is macho from malibu and he's become the fastest dog to run the base

there has a worse than a push on reddit and other social media people say let's celebrate today by purchasingf bitcoin in solidarity with el salvador and pump the value up. it went up to about 52,000 dollars and has since crashed down to $10,000 less than that. even the president of el salvador himself said that he is not consideng being concerned about volatility. ross: those who support and promote bitcoinwhat do they say of the concern that someone with a low income could lose everything if they buy at the wrong moment? >> i haven't heard a decent argument against that, to be honest. even the fans, that's undoubtedly an issue. when you speak to the people who say that bitcoin is the future they point to the fact that it is decentralized and it allows you to change money across borders with no charges, though that is disputed, and they say that this is the future of currency that we should all be embracing. some countries could follow suit, looking towards kazakhstan , as there are some countries, while el salvador is embracing cryptocurrency, some are pushing back heavily, china included.

well, reddit is eyeing an initial public offering early next year.ortedly on the hunt for investment bankers and lee advisor -- legal advisors, it is caming for a $15 billion valuation. the platform has 52 million daily active users, surged in popularity during the meme stock craze which sent people on wild rides. amazon is going to start removing content it feels violates its cloud policies. in the coming months, the tech giant is going to create a team to monitor and remove anything that promotes violence or other threats. experts say this could turn amazon into one of the most powerful arbiters of content allowed on the internet. meanwhile, you could soon be watching crime through amazon tv. reports say it could be released as soon as next month. tvs are going to have alexis size screens and range from 55 to 75 inches. of course they're getting into televisions, dagen. no one can be shocked about this. amazon fractionally higher in the premarket. back to you. dagen: we should remind people that amazon web services is the one that was almost instru

i feel like there were so many outlets online like reddit and twitter that were helping the q people get together and nothing was really prevented from january 6. >> we are leaving this to go live and hear from former house intelligence committee chair pete hoekstra. rep. hoekstra: the things that we do and what we stand for make us unique. people need to understand that it does not say that america is perfect, but it doesn't say that what we stand for is threatening to other parts of the world. it is because what we do is good. what have we done? you think back. we did the patriot act. weid

outlets online like reddit and twitter that were helping the q people get together and nothing was really prevented from january 6. >> we are leaving this to go live and hear from former house intelligence committee chair pete hoekstra. rep. hoekstra: the things that we do and what we stand for make us unique. people need to understand that it does not say that america is perfect, but it doesn't say that what we stand for is threatening to other parts of the world. it is because what we do is good. what have we done? you think back. we did the patriot act. we did the reform of the intelligence community. those pieces of legislation are imperfect. in some ways, they are now providing government with a way of going after americans on their own soil. we should have put tighter limits on the authorities of the federal government as to where they could use these authorities to keep us safe and make it more abundantly clear that this authority could only be used against people who lived outside of the u.s., who were not american citizens and make sure that -- we really limited the scope and aut

>> well, i guess the reddit army was right so far on this one >> we'll keep an eye for that. thanks for watching "power lunch. "closing bell" starts right now. >> it does tyler, kelly, thank you very much welcome to "closing bell." the dow and s&p kicking off this shortened week in the red. >> welcome back to new york. >> thank you very much good to be back. >> i'm in for sara eisen let's look at what is driving the action the industrial sectors the biggest loser on the s&p, also deere, crypto getting crushed as well, as el salvador begins accepting cryptocurrency as legal tender >>>. >>> pluses the ceo of skillz or e.p. is very excited about it we have a news alert, first of all. it's on ford phil lebeau has more for us. >> ford announcing a big hire. doug field, who is at apple and is centered around all of their plans when it comes to what they may or may not do in the future with regard to an automobile, he's going to be leaving apple and joining ford in fact, he has joined ford. he will be in charge of advanced vehicle technology at ford this is a key hire and big win fo

emily: i asked about reddit. . certainly not without drama. what is your take?en: i think they are pushing hard to get to ipo. the last number i saw was 15 billion. from an anonymous source. unfortunately, they are taking the facebook path where it is like i want to drive engagement at all costs because that is what i will be measured on in the public market. the numbers that they share our of users, numbers of monthly users. that is not a healthy pass. emily: i appreciate you weighing in. check out her op-ed in the new york times. that doesn't for this edition of bloomberg technology. a stay tuned. for wall street week with mike holly and david weston, i have been bleaching in san francisco and this is bloomberg. -- i am emily chang in san francisco and this is bloomberg. david: crosscurrents in the economic data, in the virus, and in the markets as we look for direction. this is bloomberg "wall street week." i'm david westin. this week, special contributor larry summers on the numbers of whether we need to be as concerned about inflation as we thought. larry:

know quite well because the founder is i believe the biggest shareholder in that company that the redditve so much? dave: gamestop. ryan cohen is the chairman of gamestop. he is trying to transform the company into something closer to chewy. when you look at the pet retailer's second-quarter results, you see they had a loss when analysts were expecting a profit. that is not so unusual because chewy doesn't exactly have a track record of profitability. they made money in the last two quarters but going back not so much. it is all about the top line because it is a fast growing company. it came up just short in the fiscal second quarter. for the third year and -- quarter and the full year, it didn't add up to what analysts were anticipating. they left their full-year forecast unchanged from what it was in june, not what you want to see from a company that is all about growth. then you look at how sales have unfolded since the company went public a little more than two years ago. you have seen a deceleration in the last couple of quarters. analysts expecting more through the risk of the fis

site, but i don't want my nurse to also be, like, i'm going to give you these pills i heard about on reddit, they've got a ton of up votes. thanks to a lot of unvaccinated people, the burden that's been placed on nurses is almost unimaginable. maybe for whatever reason if you don't have sympathy for the nurses, maybe you're like, uh, i don't know, an asshole, well, guess what? when there aren't enough nurses to go around and the ones there are burnt out, you might be the one who ends up paying the price. >> across the united states, nursing shortages are causing delays in care and increase the risk of medical error. >> normally critical care nurses are one to one or one with to two. now they're seeing one to three, four, five. >> nurses in some hospitals caring for as many as ten patients. >> every patient added to a nurse's workload is associated with a 7% increase in the odds the patient will die just after common surge wall procedures. >> healthcare avkd cats say nurse burnouts can lead to chart errors, administering incorrect doses of medication, even applying the incorrected micle trea

when we come back, some of the big money movers, including what has shares of reddit's gamestop down 76% right now >>> jay powell getting the seal of approval from one top democrat for another term as central bank chief. >>> later on, if you haven't paid attention to natural gas, you should surging to the highest levels in more than seven years. we dive in the fact over that spike and why it matters on a busy morning when wex returns after this my credit card debt. i needed just one simple way to pay it all off. it was an easy decision to apply with sofi loans, just based on the interest rate and how much i would be saving. there was only one that stood out and one that actually made sense and that was sofi personal loans. it felt so freeing. i felt like i was finally out of this neverending trap of interest and payments and debt. ♪♪ does your vitamin c last twenty-four hours? only nature's bounty does. immune twenty-four hour plus has longer lasting vitamin c. plus, herbal and other immune superstars. only from nature's bounty. another day, another chance. plus, herbal and other imm

internet and the role it played in the late 1990's, internet bulletin boards, aol chat rooms, to redditiscord. fans of various things will be able to connect directly with a musician, artist, rally around specific ideas, rally around like minded people and individuals. community drives everything and community will drive everything in the nfts system. emily: what about taking the step beyond the metaverse? trevor, are you equally of domestic about the metaverse, and what if a company like facebook owns it -- are you equally optimistic about the metaverse? trevor: the metaverse is a hot topic. it is not any one thing, not one place you go to. it is the idea of being in a digital world and interacting digitally. the future of metaverse is a connected web of different metaverses or digital worlds. for us in the nft space, metaverse presents a new commerce opportunity. because right now we have brick-and-mortar and e-commerce. in the future we have metaverse, an entirely new channel, especially for the ip that we are working with, to create something and sell it in the digital space. there

they're each prepping ipos of their own, reddit, allbirds, crow bani, rivian, and tpg nearly half ofs interest this year are currently trading under water according to cnbc data the question is how many more will be worth buying as the market continues >> we know you'll be all over that question. meanwhile it's not just stocks getting caught in the selloff. watch crypto, already volatile but getting crushed today. bitcoin and ethereum both down big. meantime the dow dropped over 500 points we're back in a moment ♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business and offer plans as low as $30 per line. more businesses choose verizon than any other network. we are open and ready for you. isn't it a paradox? that the love for this world that gets us out in it sometimes leaves behind the things that can harm it? but now, flight by flig

gamestop, all of these reddit names are seeing a selloff, buy the dip.are may be starting to see some of that fatigue. but you understand the psychology of it. you see so much money being made, valuations having gone up so much, it is perhaps understandable people have that moment. they don't want to be left out of that momentum. relative to where price has been. that dip is being seen as good value. we will continue watching that story. gamestop one of the stocks that took a dip after the quarterly loss, much worse in most investments. let's get a check of the latest business flash headlines. ever grande's bonds falling after it plans to submit payment from two. evergrande said it would not sign up september 21st and asked for an extension plan. developers credit rating into junk territory. bytedance is said to be in talks for $4 billion crackdown for the -- over the timing of the ipo. sources say they are in talks with several lenders for a syndicated loan. in july, bloomberg reported bytedance was working to ensure ahead of a listing. take a look ahea

only reddit can tell you. but there's more options nowadays as well for the retail traders.t of the problem. they have alt coins, they have nft's, where you have all of a sudden people make millions of dollars on nft's. solana and core donna -- and core donna affected in the most recent selloff. if you bought solana for $1.50 in january, you are up past $150 today. then online gambling, back in the states that are allowing for it. you have daytrading changing over to sports betting. what does that mean for gamestop? if you have been betting on gamestop, there's an expectation now of one point one $2 billion in revenue today. if you bet on previous earnings, you have been disappointed often, so there is hope when it comes to the firm's chairman, the turnaround strategy here, and the opportunity to benefit off of a consul cycle -- a console cycle. guy: it is interesting, you try and put the fundamentals in the meme stocks together. i a combination. doesn't always work. i look forward to watching the programming in a few hours. taylor: we are going to combine those just for you

. >>> and reddit was valued at $10 billion following a fund raising round last month more on that storyide exchange." t. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. as someone with hearing loss i know what a confusing and frustrating experience getting hearing aids can be, that's why i founded lively. high quality hearing aids with all of the features you need and none of the hassle. lively offers bluetooth connected, fda approved hearing aids delivered to your door, sold at a fraction of the price, with direct access to an audiologist whenever you need it. better hearing has never been this easy. try lively risk free for 100 days. visit listenlively.com start your day with crest 3d white and from mochaccinos to merlot, your smile will always be brilliant. crest 3d white brilliance. 100% st

pushing the share price from around $3 a share to a whopping 20 bucks apiece just during the first reddit-fueledigher to over $72 at the height of the second frenzy around memorial day. the share sales were massively diluted to existing shareholders but with the box office coming off a record labor day weekend haul for the latest disney marvel blockbuster "shang-chi and the ten rings" some may be feeling better about the prospects for the overall theater industry even with a possibly changing paradigm, guys, for how some movie buffs want to consume content. they just want to stream it at home or do they want to go to actual theaters? i can tell you for me, i'm interested to see what it's like to go back to a theater. >> no stopping you you can go tonight >> i can, if i want. all the other fall blockbusters are coming out as scheduled. the james bond movie, which i'm very excited about, is coming out in october same with the new venom movie. all of these blockbust ers coming out and maybe people will see them in the theaters >> the people angry about being diluted, are they richer now than they w

communities operates like similar services that are offered on facebook and read it -- reddit.ion. beef and pork are up more than 10%. white house officials took aim at four big meat companies, tyson foods, jvs, and meatpacking company. data shows they have been raising prices during the pandemic and generating big profit. -- big profits. >> those companies have seen record or near record profits in the first half of this year. that has coincided with a period where we have seen disproportionate increases in prices in those segments. kumasi: to protect against price gouging, the white house is moving to strengthen current regulations and expand processing capacity and promote american-made labels. tyson foods was the only meat company to respond to abc news. they dispute the white house's claims and says market conditions caused by the pandemic and weather are to blame for the higher prices. julian: oreo and pokemon are teaming up. the classic chocolate and cream cookies. the limited addition packages are in stores on monday. some oreo cookies will be more difficult to find tha

you keep seeing people on reddit or whatever, on social media the amc touting a short squeeze were there'security. liz: let me make my point. that could be securities, you are touting a stock to move the higher and where you don't believe that is going to move higher where you may be in and out of the stock. are they going to bust down a door of a dude in his mom's basement trading on robinhood, no but if there is sophisticated player putting out lies that there is a short squeeze around the quarter then they can trade it. that's white's manipulation and the stock would be manipulated pre-particular here that the premise of the movement higher on the short squeeze. i think it is a tough case but there is a manipulation, potential manipulation issue here. >> charlie gasparino will be watching all of it and more, vera bradley ceo is next on this magical backpack, will get to that in just a second, the dow is down 89. sure, it's wireless. what's your buick's wi-fi password? it's buick envision. that's a really tight spot. i used to hate parallel parking. ( all together ) me too! the all-new b

have spoken with some of the nbc news has spoken with some of the companies and some say including redditcooperating fully with the committee. they haven't given us any additional information just yet but one thing i do want to note, hallie, is last year when they found out or excuse me a few months ago they found out the trump administration had sought the phone records of two of trump's least favorite democrats, eric swalwell and adam schiff we did not hear any complaints from republicans. >> leigh ann caldwell, thank you. >>> in new orleans a dozen people rushed to the hospital but the emergency workers responding to the destruction and major power outages after hurricane ida, 12 people were apparently dealing with carbon monoxide poisoning from a generator. the power may be out for days if not longer. what you're looking at here is grand isle, louisiana, a barrier island off the coast, every single structure there, look at this, has been damaged. nearly half of them have been totally destroyed. the storm has killed six people so far. ellison barber is in new orleans. what do we know?

on sites like reddit and websleuths. and before too long, they began referring to the mystery woman with a kind of shorthand. it was their distinctive color of her shirt that did it. one of those armchair detectives took to calling her "lavender doe". >> this was a case that was followed online very closely by many people. >> people like this guy. and what happened after that? well, remember what we said about obsession? >> a murder victim without a name and detectives without any clues. making this a very hard mystery to self. the help is on the way. coming up -- >> i spent a lot of my spare time looking into missing person cases. >> i was impressed that people cared. >> cleared and knew how to help. >> i said, i think i knew how we can do it. and she said, bingo. all we need is dna. >> when "dateline" continues. n "dateline" continues we're carvana, the company who invented car vending machines and buying a car 100% online. now we've created a brand-new way for you to sell your car. whether it's a year old or a few yea

what's the most important thing you wanted to hear and now want to hear about the gamestop robinhood reddit report when it comes out because this looked like the retail investor rearing its head for the first time. >> well, liz i've got to tell you i was the chief compliance officer of a firm in london when its actually got a name, payment for order flow, pfaf, right? those in europe, the folks, yeah , those in europe will tell you that it was a very difficult thing, when they were executing orders just like that taking payment for order flow, and then the regulators got in got rid of it. they tried to regulate it for a while but it's so difficult, as gary gensler said is it a penny, two pennies, $0.03 who regulates how much it is and how much it's not and they just got rid of it and boy oh, boy talk about revenues going up in smoke overnight, and it was game changing. literally game changing, where firms went out of business over it so i'm going to be listening to see , look at the risk that robinhood is running that's their business model. he's going to be, you know, coming down with an o

. >> jimmy: -- for -- it was on reddit and twitter.as the cgi theory that made me start watching "ted lasso" so it's not all bad. how do you intend to disprove this? >> when i found out i was cgi -- [ laughter ] it's quite disconcerting. i've seen a lot of sci-fi films. i started to be, maybe i am! [ laughter ] they didn't plant memories to make me think i wasn't? then i was thinking about, i have ex-girlfriends that called me the tin man. which i assumed was emotionally. but they may have meant an actual robot. i'm like, what? [ laughter ] it's very difficult. it's difficult to disprove. >> jimmy: i've come up with a plan, a way to disprove it. >> please. >> jimmy: it's really simple, actually. i've never seen a cgi character drink a glass of chocolate milk. >> right. >> jimmy: this is real chocolate milk, this is not cgi, although i guess we'd have to prove that too. it's nice and cold. i'd think it would be impossible -- i know they're advanced but i don't think they've come up with technology that can make you drink chocolate milk.

canoe shares are surging 13% after sighing first biggest spikes on wall street reddit chat room.&p h s&pside der trust, blackberry and canoe. it has become a meme stock. -- canoo. shares up 27% month to date, but our countdown closer says one of these is ready to win the ev race. he joins me now. which one. >> thank you for having me. >> which one? >> well, i, i would put my money, clients money on lucid. that space is poised for a substantial amount of growth. they're one of the only competitors being able to tackle tesla in a way that will work longer term. market share growing the way it will be over the next five plus years, you have ability to take market share what is going to be your largest competitor or pretty much owns it at this point i think they're very well-positioned. they have a great management team. that doesn't hurt on execution. liz: i'm with you on all of that, except the part where these cars are extraordinarily expensive. how do you get real scale when it comes to people who are going to spend that much, i believe around 69,000 for their lowest end? >> yeah