roblox, we talked about this name on a couple of different occasions of late.e over 103.90 and a buyer of 6200 of january 7th we have one week for these to perform. the 6200 and the 105 calls getting bought today, as well. so some really interesting trades going out in time on most of them and the last one, roblox, they're looking for the stock to make a move higher through 105 pretty quickly >> stay with me, pete because they include josh brown who told me at the top of the show today that roblox was a fresh, new buy for him. josh, i'd love to bring you into the conversation twro you have some options buyers at your back. >> yeah. weekly short term is what i was talking about. if it happens, great i probably won't even see it $100 is an important level in the stock and if you go back to june 1st, 2021,that's resistance and that's where it failed and then it spent almost six months doing nothing and when it broke back above 100 that happened thanksgiving week it exploded up to -- looks like the mid-130s now it's pulled back, but 100 was support. so resistance b

where games are just focused on how many roblox can they acquire, $2.7 billion this year we expect roblox on the platform to all of a sudden you're using roblox and other metaverse platforms to see how many handbags and hbo max subscriptions you can sell and all of a sudden that opens up the metaverse where brands are deciding should they put a dollar on facebook or roblox >> i remember 15 years ago editing magazine pieces about companies that were offering ad inventories and buying and selling ads inside a console and pc games that was an attempt at this back then and didn't really catch on i also remember game consoles trying to pitch themselves as the living room hub. more than just about games they were supposed to be your streaming central, et cetera all of them have pulled back from that because, hey, a lot of money in games i don't see myself as a grown up going into roblox to do anything what are the chances this doesn't play out the way optimists have sketched out. >> intheresting you mentioned that we launched on roblox and two surveys. one focused on 18 to 24 year olds the user

right into roblox.the way, some of these companies have been doing this for years. the idea this metaverse is new, is probably wrong. nike has had a virtual store for years. in fact it probably gets more traffic than roblox does so as we go and build this, it very well may be best to what we call buy the picks and shovels that are ultimately going to build whatever this metaverse will ultimately be >> yeah, but andrew, is it right -- to say this again, i don't know much about metaverse or children, i have a couple of the latter when things become overly commercialized, they instantly become uncool. >> it is -- >> is it a boom because they're in roblox? >> you bring up a really great point. this is a reason why we're somewhat cautious in the near term and trying not to get caught up in the buzz. the data would suggest that maybe the kids don't want to do the branded thing. vans had a lot of users, nike-land had fewer, and the most recent experience has even fewer. we're still very early i think you'll ha

they may have just gotten ahead of themselves, but roblox is the one you pick out of a hat? >> well, no, it's not in a hat i've talked about it before. i've owned it. you had asked for what are you going to pick in some of the stocks that have come down trading at price to sales. that's what we've done a lot of work on. for the long-term, i don't know where it's going to be, but i feel it has a mote around its business like some of the others like docusign and peloton don't. >> let's bring in bryn now why? she is invested in arc stocks. the arc innovation fund is down 14%. past month, down 25% 42% off of its day-week high thank you for being part of the show today >> thanks, scott, happy to be here >> you know, you're the only one, i wanted you to call in, because i know you have exposure here how do you feel about the arc investment you have now and whether these kinds of stocks are investable right now >> well, i think you said it really well. asking which stocks in these high growth sectors do you buy i think it's really difficult and originally, when we bought ark in mar

roblox needs to move quickly on that but we think where roblox has a strong place and could be a multidred billion dollar company. >> thank you so much for joining us. >> thank you >>> we have 41 minutes left. we are set for a record closing again for the s&p 500. still up by over 1% in today's session. the ceo of firm check point talks about the latest hack and how firms can protect the networks check out some of today's top searched tickers apple, tesla, 10-year treasury, w industrials and s&p. we'll be right back. and give lisa a break while you find someone online who can help. slack. where the future works. >>> welcome back the swift spread of the omicron variant throwing a wrench in economic forecasts for the new year hi, steve. >> hey, good afternoon between the flight cancelations and forecast, the virus is spreading, they warn sending the forecast the numbers are a work in progress depending on the spread of the virus. gdp expected to be near 7% and marked down a bit. the general trend is that growth is pushed into the second quarter. joe brusuelas writes despite risks, the am

no i own roblox and owned it in the 70s and what i am doing in a name like roblox is i've been selling calls. when roblox was in the 120s i sold calls in that position because there was a ton of premium. that's a strategy that investors can take advantage of in this volatility is to sell calls. my position in roblox i'm right sized, but i want to take advantage. i do think, though, these names have had so much damage and history doesn't repeat itself, but it definitely rhymes if you go back to 2000, to 2002, it goes down roughly 80% and don't forget, the nasdaq is down 29 the soldiers aren't following the generals so do those stocks stay down or do the soldiers start following the generals so i'm not going to add to an ark unless i get a few months later. i want to see what happens in inflation and i want to see what happens in the economy and next year it presents itself with a host of risks that the fed hasn't done a change in monetary policy, and so you need to act accordingly. i'm not in a hurry to add to the position and i'll wait and take a position when i feel like there's a bet

we should point out two ipos that did particularly well this year were roblox and applovin. strong debuts, strong 2021 >>> up next, a look at the top tech stock of this year and an argument against bitcoin stay with us (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire when it comes to autism, finding the right words can be tough. finding understanding doesn't have to be. together, we can create a kinder, more inclusive world for the millions of people on the autism spectrum. go to autismspeaks.org >>> let's get a gut check on alphabet the top performing megacap name. up 70% with just five trading days left in the year, it is looking impossible to check. jenna is here with an article on why t

i think that roblox is one of those stocks really well positioned, they're the lead metaverse countryonthly users. they've made substantial investments into user identity that is one of the use cases that i'm interested in, excited about when it comes to block chain technology you and i, we own our digital identity, social media companies own our digital identity, we have log in with passwords and user names so block chain is, it's a foundation for all of us not having to do any of those things so roblox is really investing in that and doing exciting experiences so they have 37 million attendees to a concert, raising over $10 million in virtual sales. so that's one to watch. >> tiffany great to see you, roblox up 123% that does it for us on "worldwide exchange. futures pointing to a lower open, i'm seema mody thank you for joining me "squawk box" is next moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for

you can see here shares of roblox are down almost 5% not quite as enthusiastic but we'll see how many people join her for new years eve, lauren. lauren: will you be one of them? i think that i know the answer to that. >> i think that i might have to pass this time around. i don't know about you but i'll ring it in with my daughter. lauren: happy early new years eve to you, lidia, thank you very much and coming up, goldman sachs plans to require covid boosted shots and mandates twice a week testing as the cdc shortens its recommendation for covid-19 quarantines we'll talk to the ceo of covid testing kit maker e-med, and the former head of the american medical association dr. patrice harris, about the impact of the new recommendation, but first, let's see the dows been up all day, as much as 224 points, and right now, yes, this be a record close at 36, 434. s&p 500 is a nail biter, "clayman countdown" is coming right back. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candid

last month nike launched an online game zone on roblox called "nikeland," where fans can create an avatarkicks that fit the occasion all through nfts. nike said this week it acquired a digital collectibles company that will allow it to sell virtual sneakers that people can use to outfit their online avatars. no word on the cost, but at least you don't have to clean them. >> that's very true. naomi ruchim at the new york stock exchange, thank you. >> reporter: thanks. >>> up next, a magical night for steph curry. the warriors star makes a record-breaking shot from downtown. why hide your skin if dupixent has your moderate to severe eczema or atopic dermatitis under control? hide my skin? not me. by hitting eczema where it counts, dupixent helps heal your skin from within keeping you one step ahead of eczema. hide my skin? not me. and that means long-lasting clearer skin... and fast itch relief for adults. with dupixent, you can show more skin with less eczema. hide my skin? not me. don't use if you're allergic to dupixent. serious allergic reactions can occur, including anaphylaxis, which

roblox makes it easy for users to create their own content and share with friends i'm a big fan of ceoo treat any further weakness as a buying opportunity. it's a gift. next up, we keep hearing that retailers don't have enough i venn -- inventory. you know who don't have that problem? it's a company called etsy social security more visible place where younger people like to buy presents that are more environmentally friendly they like the connection with the creator too. don't buy etsy if you're looking for a smooth ride. it's always bumpy. i like air bnb this is an interest moment it's another pandemic play made good it's getting better and better and not thought about it enough. what a nice rally for that one today. we keep hear when you own an electric car, you still plugging into a natural gas square. i heard that this week what if it's end phase products that help you charge at home in solar energy into electricity. doesn't hurt they are gigantic cash credit for this stuff i think it's the only solar stock that's in it if the long haul i know they're not that good i want them. the

another name that we've been adding to is roblox that reported a terrific quarter. just this week there was some monthly data that people thought were slower than expected and again, we're not trading at month to month we think this is one of the most important and iconic companies in the transition to digital gaming, crypto gaming, meta, et cetera and their level of innovation as you watched the investor was pretty extraordinary. so you have to be selective and buy on some of these dips, but for people watching at home, everybody's got to run their own math on how much risk they want to take. we're not running with a bunch of leverage. we've selectively taken the shorts that have gotten hit the most and we've selectedly added to some of the longs >> i love how candid and transparent you are, and i love our viewers do, as well so thank you for that i need to ask you about a couple of stocks that there's been so much consternation about first of all, do you still own peloton and zoom >> we do not own peloton and we own zoom in small size >> interesting can you give m

roblox, facebook, google's in there, met a platforms, obviously.believe row boxing is going to be a 10-bagger over the next 5-6 years. i'm putting that on the line. look back at old clips, i was telling people the same thing at 200 about amazon. charles, no i remember, that's why we love you. i hope the honeymoon's till going strong. [laughter] all right, talk to you again real, real soon. in the meantime, folks, this is a meltdown. this is the ugly stuff, but selling because beget selling. we do have an element of panic in there. it's fine. opportunities are bubbling up. lauren simonetti's got the big job of holding your hand for the next hour. lauren: yeah. the final hour of trading often sees the most surprises. charles, thank you. we are watching a friday afternoon selloff as the omicron variant gathers steam across the globe. the nasdaq, take a look here, it's taking the biggest hit as the nation's unemployment rate fell to a 21-month low of 4.2% in november. that's good news. but that could the mean rates are going up. the jobs report sending

we will bring you the results later in the share roblox, what had investors logging off when "fast moneyr maggie gronewald knows how to handle dry weather... ...and dry, cracked skin. new gold bond advanced healing ointment. restore healthy skin, with no sticky feeling. gold bond. champion your skin. [uplifting music playing] ♪ i had a dream that someday ♪ ♪ i would just fly, fly away ♪ we love our new home. lots of windows, great light- but the birds. they're back. yes, i hear them. uh-oh. why are these birds so angry?! at least geico makes bundling our home and car insurance easy. we save a lot. i'm going...i'm going. aaaahh! hurry, hurry! i know, i know! for bundling made easy, go to geico.com. >>> welcome back a sneak peek of the cramer cam don't forget, you can have it delivered right to your investing box. >>> analysts are expecting on going pricing gains with an upgrade for the stock. and citi upgrades ups to a buy karen, you are in this one, so you like this call >> i do like this call they are going to forego revenue to have better market revenue. they traded higher multiple tha

epic claimed apple gave roblox special treatment, and roblox subsequently changed the name of its offeringsm games to experiences. what is your take on this? >> this is an app that offers a multitude of different types of games and environments. this company has positioned those experiences, instead of games, helps them circumvent some of the rules that apple has on games. we are here waiting for an announcement from the ninth circuit in california about whether or not apple will be granted a stay on these app store changes that the judge ruled they must put into place by december 9. that is a few days from now. we still don't have a final answer about whether apple will have to go through those changes or not. we will let you know as soon as we have an answer about whether apple hast those changes in or -- whether apple has to put those changes in or if they have a short-term stay on this. emily: thank you as always for giving us those updates, mark. an amazon web service outage is wreaking havoc on the delivery operations, preventing drivers from getting routes or packages and shutting do

what i've learned as much as i like names like roblox, i'm, first of all, a long-term investor.but i won't add to those positions until i see a little bit of positive momentum turning upward. then i'll be jumping back in. roblox up 8%, might be time pretty soon. charles: let's talk about that. what is your buy signal? in other words, you know, i was looking at yesterday and some of these stocks that traded down on twice the daily volume, right at a key moving average. would something the inverse of that, rob, be the buy signal? something that trades up? closing at the high of the session, maybe breaking some sort of technical resistance? >> charles, you know what? it's a great question, but let me tell you this, not to side skirt it, but i don't think it really matters. you want to see relative strength, the whole thing is with these types of companies, long-term themes, do not try to try them. when you're going to enter them to add to the position, just use something, anything in terms of upward momentum. i don't think it's as important which indicator you use as much as having

on roblox, visitors can explore digital replicas of they are beverly hills house. infamous dog mansion remember that, walking a boardwalk with the carnival themed wedding and explore the legend with a super yacht. not just a marketing brand paris hilton on roblox, virtual booking a ride on new year's eve. if your plans have been cancelled by covid joanna, i'm talking to you, you're well versed in paris hilton >> i don't know, is it a sign of a peak is it a sign of this becoming mainstream, can't decide >> well, you guys can live in the paris hilton universe. i'm going to the snoop metaverse. >> is this a big theme happening right now? >> no, snoop dogg. >> oh, okay. >> snoop first is a legit thing on the sand box which is another building of thevert walirtual wd this is a big trend we're seeing celebrities getting in, getting fans to buy apparel land i think the number was up to $500,000 of land digital land next to snoop so, we have to decide which celebrity's world we're going to live in. i'm goiing snoop. >> i know a couple of people on team snoop team snoop has

if you've been thinking about buying something like roblox for example, you said that's way too expensive for me to pick another one, paypal or something like that. way too expensive for me these things have come down quite a bit. there's opportunity now. i'm not saying they're always cheap. but you know, there's opportunity to buy these things at cheaper prices today than it was a few weeks back >> i'm not saying that the market wasn't oversold, randy, but i am saying that there were reasons why the market went down the way it did last week the two that come most especially to mind are this new variant, which may now not seem to be quite as bring about as serious illness as we might have feared and number two was what the fed chair and miss yellen said in front of congress, indicating they were ready to fight inflation. the investors who sold weren't doing it out of insanity they were doing it with reason they may be insane, but they had reasons for their insanity >> there was some caution when omicron came out you don't know what you don't know so nobody knows what's going the happen th

. >> there is over 200 million roughly monthly people on the roblox platform every month.e early in this amazing opportunity. i think it's going to change the way we commune again, share stories. -- the way we communicate, share stories. >> facebook doesn't have to come up with solutions, but in a world where they are regulated and mandated, you have to tell us what the plan is on these things. that is the world where facebook has an incentive, instead of investing 10,000 engineers to make the metaverse, you have 10,000 engineers to make us safer. >> it has the characteristics to make us concerned -- omicron has the characteristics to make us concerned for many reasons, but we have been preparing for months. i feel comfortable that the playbook will work. taylor: that was a look at the bloomberg 50. a wide spanning list. allison felix of the olympics to businessman to politicians. romaine: the person named the head of the ftc. a couple years ago she wrote that fantastic paper with regards to amazon and the antitrust case against it. that raised a lot of concern about the b

dramatic tax exemption >> right and maureen, you did use in your article the real-life example of robloxed tons of shares to family members ahead of the ipo and early on, but the whole idea it rests on the premise that the company has to become big so the hard part is actually becoming successful and with a lot of these taxes, we have to ask, if you take it away and you close that loophole does that stifle innovation? are there any kinds of those concerns within this tax exemption? >> it's a fair question. it's a very good question. it's hard to say. >> sure. >> you have to wonder, would it really -- we've seen these huge -- this huge amount of wealth creation. it's basically been unprecedented what we've seen in the last few years from the ipos, lyft, uber, pinterest. would it really stifle it? it's kind of hard to imagine though you don't know if it would. >> one of the things i hear about a lot is sort of, you know, there's concern about the rate of start-up formation, right? big companies own everything or there's a kill zone around them. do you think taking this loophole away would

does it get confusing when you have options for metaverse that you want to be in, google, apple , roblox no one metaverse. there are a series of sub- metaverses and in fact if john mentioned this is a couple years away if that. in a sense think about second life. remember when that came around that was considered a metaverse of sorts. so what facebook has done is they renamed and rebranded themselves to move away from their reputation which is not great and moved towards the next buzzword but microsoft talked about metaverse, disney, apple, everyone has, but for now it's just a concept. i mean, it doesn't exist per se. it's this idea of kind of going to the next level, the next generation, but i think we're far away and the tools are not quite there yet, and one thing that's going to hurt facebook is they try to buy more metaverse tools is that the ftc is cracking down on mergers and commissions, not just next year but the next couple of years and that's going to impact facebook. lauren: all right let's go there because you brought up regulation, you brought up facebook, or meta, and if

rivian, roblox, the robinhood, the three r's are just a few of the companies that turned 2021 into the year of the ipo. angel investor raul vora, whose also the ceo of super human is here to tell us how he sees 202e money from all those venture capitolists might go. diamonds are a girl's best friend so they say but will the supply chain crisis have the jewels on lockdown this holiday season? we'll ask the ceo of the parent of kay jeweler, jaret and more, joining us next in a fox business exclusive on what direction prices are moving in right now. and peloton punches back, sucker punch, the quick ad it produced over the weekend to show that mr. big is alive and it's iconic exercise bikes are good for your health, it could be one of the best branding moves in commercial history, we shall see but we want to begin with this fox business alert investors are, you could say, putting face masks on their portfolios as they keep a very close eye on the spread of the omicron variant. all the while bracing themselves for the two day fed meeting which kicks off tomorrow, with its best week in 10 mo

maybe with roblox, i would say it is how the value generated through the contribution of users who aregaging with it. essentially it goes entirely back into community, entirely back to the users. >> yeah, we'll see how those network effects play out certainly very interesting a little bit of gamification, stuff from video game, stuff from real estate, lots of different places sebastien, thank you >> thank you, jon. >>> coming up, stocks and bonds falling in tandem today as investors digest a disappointing jobs report. how should you be positioned ahead of monday's trade? hexcngat nt. "t ehae" will be right back thanks for coming. now when it comes to a financial plan this broker is your man. let's open your binders to page 188... uh carl, are there different planning options in here? options? plans we can build on our own, or with help from a financial consultant? like schwab does. uhhh... could we adjust our plan... ...yeah, like if we buy a new house? mmmm... and our son just started working. oh! do you offer a complimentary retirement plan for him? as in free? just like schwab. schw

in which i would think about it is, you know, your kids today are spending a lot of their time in roblox or in minecraft or in "fortnite." and prior, they may have just been playing a video game, but they're also now attending virtual conferences, in some cases, they're doing schoolwork. they're hanging out with friends after school in these virtual environments instead of going to the mall. in other words, their minute-to-minute daily lives are being spent more in these virtual social arenas than in the in-person arenas that they were part of before. and that's why we've been saying that the pandemic kind of accelerated a lot of these. >> you mentioned video games, which you are very deeply involved in. and you are really doing some interesting things with video games. making it more interactive to the audience. video games, i think, often lead the way into new technologies and bring people into new ideas. >> yeah, if you've looked at the history of the industry, it has always been at the forefront of this mixture of technology, content, and business models. it's very interesting. arcad

. >> i have to ask what roblox is. >> i can see you being james bond.in space launch. >> countdown is on. ♪ i got you moonlight ♪ >> astronaut stray going to the moon next? >> yes. >> amy begins our most ambitious journey yet. she's heading to antarctica. >> we made it. i have agreed to do a polar plunge. i got in there pretty quick then i got all real quick. take a look. >> ooh, yeah. ♪ dynamite ♪ >> hello, good morning. >> three, two, one. >> i made it. ♪ it's dynamite ♪ >> what an incredible morning in central park. we are back after two years. ♪ i'm waiting for that green light i want it ♪ ♪ gonna soak up the sun ♪ >> here we go. you slept through four alarms and now you're late for work, go. ♪ ♪ ♪ freedom is a highway ♪ ♪ freedom is a highway ♪ >> so i'm going to take her up on that invitation and head down to hudson yards. >> all right. >> say a little prayer about the traffic. got to get there in time. ♪ freedom, freedom, freedom, freedom, freedom ♪ >> no, you didn't. >> whoo. >> what a year. a lot of fun. >> yes. yes. >> we would like to thank o

you're an investor in roblox how much dro you think this concept will be dominant in the tech trends next year in. >> it's already huge right now we're speaking through the metaverse. the internet is almost an early version of it. i got involved very early. my first product management job was worlds away. ready prayer one other kinds of things where lot of people get into much more immersive environments i think you'll first see that in entertainment. you'll see that like 3-d hang out spaces become more of a concert. i think they will see more i think it will be a ton of investment in it i think we're in another huge cycle. >> so much of this depends on how you define the meta verse. there's all of these different factors at play. i want to ask you about the company known as facebook, now meta what do you make of its pivot to focus on the meta verse or do you think meta will be the dominant platform? >> they have a lot of raw assets billions of people, a lot of communications and presence. they're one of the drivers of this i don't think that the i think the real cases will come down

roblox? >> reporter: why did you want a book vending machine?during the pandemic i noticed that they were leading less and less online. >> reporter: principal lizette cesar. >> i saw in kansas and texas they had a book vending machine. i said you know what? i'm going to get that for my school. so i started writing letters and begging people to support. >> reporter: when the vending machine arrived, what happened? >> so the vending machine arrived, and it couldn't get through the door. >> reporter: the determined principal dug into her own pocket to retrofit the machine. 95% of students here are low income. a third live in shelters. >> i just really believe in making sure all my scholars have books at home. >> reporter: how does it make you feel when you read a book? >> excited. >> reporter: what do you want to say to your principal? >> thank you. >> reporter: meg oliver, cbs news, new york. >> and that's the overnight news for this thursday. for some of you the news continues. for others check back later for "cbs mornings" and follow us online a

forever 21 is launching an activation with roblox to create virtual storefronts in the metaverse.t creates a new expanse of cultural relevance for companies. partnerships are the name of the game. you can't please everyone, but what makes it exciting is the community aspect and sometimes you have to limit that in some respects. emily: based on the gen z trends, where will gen z take us in 2022 and where will venture capitalists put their money? >> gen z is incredibly entrepreneurial. this is something we have discussed. 40% want to start their own business one day. it is interesting, i think the notion of what this means for gen z is different. previous generations turned a lot towards gig work. gen z years turn towards hobbies. look at d pop. it had a $1.6 billion acquisition from etsy where 90% of users were under 25. gen zers, there is one girl who is my age, 24, who made millions selling on depop. i think this is a trend. also, we talked about the metaverse. what companies are enabling digital ecosystems within the metaverse that are enabling connection and culture? that is an

roblox waited.as a sense of how high can these things go, and now investors as you said have been burned in a lot of them, especially the hottest biggest named ipos i think there is going to be a lot more wariness. >> it seems like ancient history when the biggest problem was too much of a pop on the first trading day. the retail investors drove these stock prices higher on their die abuse. do you think the retail investors will be as big a player in 2022 as well >> i think they will still be t there. i think we will continue to see volatility i don't think the reddit crowds are going away but in the ipo, i think there is wariness i think we have seen the retail investors driving up these stocks, and pullbacks have been so much more pronounced because of that. >> that's a good point >> so -- yeah. >> and retail of course played he havely in the spac world, special purpose acquisition companies as well as in some of the chinese companies listing in the u.s. both areas are facing significant regulator

. >> roblox. >> nasdaq. >> and a lot more. a lot more "chectechk" still to come >> we're just getting started here on "techcheck." small businesses like yours make gift-giving possible. now, comcast business has an exclusive gift for you. introducing the gift of savings sale. for a limited time, ask how to get a great deal for your business. and get up to a $500 prepaid card with select bundles when you switch to the network that can deliver gig speeds to the most businesses. or get started with internet and voice for $64.99 per month with a 2-year price guarantee. give your business the gift of savings today. comcast business. powering possibilities. >>> ces also known as consumer electronics show was going to be one of the biggest in-person conferences since the start of the pandemic it is still kicking off monday in person in las vegas, but given the surge in covid cases a slew of big names have dropped out or moved to a virtual presence including microsoft, google, tmobile, twitter, and techcheck will no longer be in there

engines behind that and epic is not public, another one you look at and of course kids are playing in robloxphysical interaction and i'd rather be out on the streets when the ball drops. >> i do too but you bring up a good point which is even if you aren't into participating in the metaverse if you want to be a smart investor 15 billion by the end of the decade? that's massive. you want to make some room for this in your portfolio. quick 10 seconds final thought. >> you definitely want it. 15 trillion think about the world economy's 80 trillion and 26 trillion sit within 600 stocks, the metaverse is the biggest play for the next decade. >> wow great stuff. ray wong, thank you so much. take a look at the markets there , we do have, you too, green across-the-board, the dow up 36, the s&p up 6, the nasdaq up 75, the santa claus rally for what it's worth today marchs on. in the meantime i'm going to toss it over to lauren simonetti in for liz claman, lauren? it's all yours. lauren: i'll take it thank you very much, jackie, hi, everybody well happy new year's eve eve one more day to go until the

cramer this is steven from new jersey first-time caller and long-time listener my question for you is robloxzookie that is one of my meta verse names. that remains a solid meta verse name and my favorite that we've not mentioned in 36 hours as i like to tell it. we're not going to end let's if to harold in new york harold. >> caller: boo-yah, cramer happy holidays >> boo-yah same >> caller: i wanted to talk to you about the stock i have is lumina lazr should i keep it, sell it, what should i do? >> look. i saw there was an article in some publication saying ford is ready for a fall as soon as i read that i say go buy some ford. companies that make money is what we're looking for in the ev, ice space and that, ladies and gentlemen, is the conclusion of the lightning round >> announcer: the lightning round is sponsored by t.d. ameritrade coming up, if home is where the work is, will home focused stocks be where the profits are? cramer ids a key secular trend you won't want to miss next. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to

. >>> pete, what do you have for us today >> i'm going to start off with roblox this one's pretty interestingtime they bought the calls, it was trading just underneath 106 it's now above but buying december 31st expiring calls, these are 6500 of the 115 call. so essentially looking for this week, this week's got to perform and make a pretty substantial move to the upside they started with about 50 cents and went up to 85 cents for these calls. not a lot of money, but the stock's going to have to make a significant move rapidly secondly, identify got facebook. what i see with facebook is what i mentioned at the top of the show we saw the call buying in nvidia monstrous. we saw call buying in amd. huge we saw microsoft well now we're actually seeing facebook as well facebook, 27,000 of december 31st, which is friday. 360 calls. going 26 cents up to 1.50. so a lot of activity in these big cap techs that we were just talking about earlier with tom lee and they're looking for this week for a very explosive move across the board >> wow look at that move in facebook. decline then comes right back. p

it doesn't mean that docusign and roblox and some of her favorites just explode to the upside i think steve's right that perhaps it does not, but just a recovery and a lack of that extreme selling pressure that has pushed them down just that relaxation, scott, could let those stocks lift and does that mean 5%, 10% in the first month of the new year? i think in many cases it means that or more >> hey, scott. >> interesting, jenny. >> scott, can i come in for a second i'm sorry. i apologize. >> i agree with doc, and as i said in my note for you this morning i think there will be some bounce candidates and the interesting thing is keep in mind that a lot of the stocks did well as the ipo calendar was doing extremely well and there is huge momentum as the ipo stocks start to trade down, more down than up now, interest was lost. so any move up, and i do think with doc that there will be a 5% to 10% move in these that's a selling opportunity and not a buying opportunity >> well, it's interesting you say that because as i was going to go to jenny with, you said these are not your kinds of st

roblox and roku haveing a tough day. >>> google threatening to fire employees who don't get.hcheck" is back in two >>> google telling employees that they will lose pay and will eventually be fired if they don't follow vaccination rules jennifer had that scoop for cnbc.com and joins us now. jennifer, so interesting here. my first question is what kind of reaction are you hearing out of employees at google >> yeah, well, so far what i'm hearing from employees is, you know, a combination of people who are in the camp where they want to feel safe and when they do come back to the office, they want to know that everyone around them is vaccinated. and for google that means that most people will be coming into the office in the new year, at least three days a week. and so there's a portion of folks who are, you know, excited and happy about that and then there's a small portion of folks who are, you know, think this is an overreach and we reported a couple weeks ago how several hundred employees signed a manifesto, essentially, opposing the vaccine mandate. and upset about the walk

other avatars, play blackjack, and even buy digital landscape they can even buy ads on billboards roblox was an early pioneer of virtual worlds where avatars can play games or attend virtual concerts and you can buy products from names like ralph lauren >> i can buy a ralph lauren beanie >> you can use cyberbucks to acquire these virtual goods. good if you want the real virtual immersive experience, you need a head set. i'm wearing the quest 2, this is the avatar i built to explore horizon worlds >> meta is also working to bring remote workers into a similar virtual space. this app is called facebook workrooms and it's designed for meetings it's a sign of what a professional piece of the metaverse will look like another promising use case for one of the company's leading the way is fit xr, it offers dancing, boxing, and high intensity interval training classes all in a virtual space this is the oculous quest 2 headset i used to explore meta's horizon world. these are the hand controllers which is how they captured my hands. this is pretty light it does need to be plugged in, but some of

sachs also highlights the original players, meta platforms formerly known as face g facebook and robloxochul tells us to look for those giants and other tech giants to make acquisition of cutting edge vr start-ups next year. goldman also forecast that meta platforms will invest about 5% of the market cap over the next three years and those are $39 billion in this new metaverse technology if you want broad exposure to the theme there are etfs like this one called meta, not to be confused with the company previously known as facebook it includes 44 stocks with exposure including those that i already mentioned here guys, companies seem really eager to share exposure to the metaverse. there are a record 449 mentions of the metaverse in third-quarter calls and that was 100 in the prior quarter, john >> yeah, and the call to some extent, this is a free wave of marketing that mark zuckerberg in particular helped create, so why not ride it, but investors with julia's help are going to be able to decide what is investable and what is not >> yeah. we'll watch the application, the platforms i'm su

>> advertisers i would think would benefit from this , names like roblox, which is a metaverse in andbenefit in this but i think what's really interesting is things that you wouldn't necessarily immediately think of like blockchain-type of technologies be heavily used in a metaverse situation, so i be interested in maybe some of the cryptos, and while it's not necessarily investable i think the biggest winner in the growth of social media are the influencers. you just had on ms. crypto, and you know, that's a perfect example of her, somebody like people that really benefit from the growth of social media where they can take advantage of the situation. charles: all the stuff i'm buying from my oldest granddaughter for christmas, she wants her own youtube channel, she is going to take toys and show you how to play with them and this kind of stuff so they are flying off the shelf. maybe that's what we should buy, the people who make those lights , circular lights seems like you can't keep them on the shelf. lou, thank you so much for thinking about me, i'm not on the apple but i'm in the

i would say fortnite and roblox are the biggest metaverse players right now. >> i would still say pokeand it would be lumped into metaverse if people can monetize it. great package. thank you. >>> as companies navigate supply issues, one startup is looking to be part of the solution "the exchange" will be right back yeah, that's right. wait — so if geico's 85, that makes you — are you asking if i'm 85 years old? i mean sea turtles live to 150, so...nn — i — i was not. do i look 85? what! no! you, you look young, fff...you...you, you look young for...however old you are. geico. saving people money for 85 years. for...however old you are. today, your customers want it all. you have to deal with higher expectations and you have to lower wait times. with ibm, you can do both. your business can unify apps and data across your clouds. so you can address supply chain issues in real time, before they impact your bottom line. predicting and managing operational issues that's why so many businesses work with ibm. where's mom? she said she would be home in time for the show. don't worry, sweetie.

then think about anyone that's able to do streaming, be able to create those new types of areas like roblox. charles: the good news with nike being on the metaverse is they always had my size, always run into trouble with that, ray, shana, thank you both very much. liz claman, in the metaverse i get the house i want, the sneakers i want, i get everything i want, now just got to figure out how to get in there and get back out. liz: i just want the chocolate i want, lots of it. charles: they could figure that out, i'm sold. liz: i'm there. i'll see you in the verse, thank, charles. sizzling hot wholesale inflation numbers sending wall street traders to the sell button as the fed kicks off its two day meeting, the nasdaq is really taking the biggest hit right now as far as percentages are concerned it's down about one and a third percent or 209 points lower as markets try to read the fed tea leaves our floor show traders are jumping into their seats to tell us if a so-called powell pivot will freeze out the much-awaited santa claus rally. amazon under scrutiny at this hour over its workplace s

work from wherever you want that's going to do a number for airbnb in 2022 then i want to move on to roblox, that's your meta lastly, palantir was the "p" in guy's hope trade he was a year too early, this thing outperformed in 2022 i think this is the year they hit gaap profitability after being in business for nearly 20 years and with gross margins north of 80% and growing revenues at 30% plus, if we do have that gaap profitability, i think palantir is going to be much higher a year from now. >> dan is banking on a couple of underperformers in amazon and pal palantir victoria, that surprised me that both of them came up with airbnb what's your take >> yeah, i think with the reopening concept people had and being able to work from everywhere, like dan was talking about, whether it's airbnb or vrbo, i think that's a good bet. i'm a little concerned about amazon i know it's been the worst performer of the faangs as of slate and it may continue to drag in the near term but for a long term play it makes sense. >> guy, you abandoned palantir for this year. were you just, eh, good riddance >> i d

then think about anyone that's able to do streaming, be able to create those new types of areas like robloxalways had my size, always run into trouble with that, ray, shana, thank you both very much. liz claman, in the metaverse i get the house i want, the sneakers i want, i get everything i want, now just got to figure out how to get in there and get back out. liz: i just want the chocolate i want, lots of it. charles: they could figure that out, i'm sold. liz: i'm there. i'll see you in the verse, thank, charles. sizzling hot wholesale inflation numbers sending wall street traders to the sell button as the fed kicks off its two day meeting, the nasdaq is really taking the biggest hit right now as far as percentages are concerned it's down about one and a third percent or

these are from the highs, unity software is 36, roblox is 32, shopify is 36. i mean, how much more do we need to see the stocks go down before you say i'm starting to look at such and such as a buy >> well, first of all the only name in that universe that i've actually stepped in and purchase side crowdstrike which i mentioned to you the other day because i have that thematic bias toward cybersecurity and i already owned in it, but for the remainder of this universe of ark-type stocks, the calendar is your enemy, and i say that because what is very real is that these stocks which are significantly laggards in 2021 are going to be continued to be sold for tax loss purposes and i don't think you can escape that unless today there's something very dramatic that the chairman says to kind of inject confidence back into the market that the powell put is still actually in play the calendar is your enemy i do think you can find opportunities and it will give you three names in technology consistent with the comments where degas made where you're looking for valuations

you can also e-mail him directly robin roblox do i was injured in a car crash. i had no idea how much my case was worth. i called the barnes firm. when a truck hit my son, i had so many questions about his case. i called the barnes firm. it was the best call i could've made. your case is often worth more than insurance offers. call the barnes firm to find out what your case could be worth. we will help get you the best result possible. ♪ the barnes firm, injury attorneys ♪ ♪ call one eight hundred, eight million ♪ >> welcome back. 9.25 on this wednesday before christmas. and we all know about the norad tracker that's really popular chris fractions santa. but there are other ways to connect with santa through the holiday season and rich demuro takes a closer look in today's tech smart. hello santa. >> connecting with santa is easier than ever. thanks to these tech tools. the portable north pole app is a popular way to get a personalized video message from the big guy himself christmas tradition for a lot you can create one video for free and pay for more. the qua

unity, autodesk, roblox, nvidia. stuart: what about facebook, formerly now known as meta platforms?agine you have a few chip stocks, semiconductor stocks in your etf because this meta verse will require a vast expansion in computing power. do you have chip stocks there? >> we do. qualcomm, after all we're looking for one of the world's most scarce resources today, that is computing power to your point. we have never had enough compute, every time we have more compute we go after more complex situations, try to solve more difficult queries. the meta verse will be the largest in human history. stuart: i'm told the metaverse is in the same stage of development now as the internet was in 1990. you're laughing, that all accurate? >> no, i think that is quite right. in many ways the reason why we assembled this thematic diversified portfolio in the etf you are our speculation is the metaverse is multitrillion dollar opportunity and will take decades to. and betting on winners is a difficult. apple is a 3 trillion-dollar company. we all wish we could back to 1995 to bet on apple stock but

the video game meltdown continues with roblox sliding 9.6% right now after reporting a reduction in daily active users for the month of november. the sell-off follows a 10% dip in video game sales last month. breaking a six-month streak of gains, and speaking of video game world sega a u.s. naval nothing the original 1991 hot games sonic the hedgehog will be making a comeback this time for tesla arcade. the infotainment service that tesla cars offer. the game will be available on all tesla models the company did not share a release date. tesla has actually turned around it had been lower much of the session, it is now up about 1%, and of course there is separate news, there was a tragic accident in paris involving an off off-duty tesla taxi, one person killed another 20 injured the taxi firm said it had temporarily suspended its fleet of 37 tesla model 3's following the accident. tesla officials say there's no indication at this hour the accident was caused by any technical fault in the car. we were all over the tesla sonic story in my morning market minton tiktok, we've got all of your h

here's what it's doing it is pioneering with music and games, roblox, the likes have had huge conceptsd partnership have been picking up in ernest i think the things that nike did, for example, in buying artifact this week shows they are trying to figure out the metaverse. so i think this is one that's moving quite quickly into a new version of social media. so i liked it before i got burnt on the high valuation and the big attractive sell-off happening now in 2022 >> so in education, you don't think the market understands what it could do in that arena in >> i spent my time on the private investing side, i see interesting businesses backed by deeper equity pockets in the states which attack. you think about the dig dem grafgs, you got millennial's now as their families are created and as kids get older, the millennial generation is tech savvy. they're looking for different ways to educate a kid, particularly after covid that forced lots of kids to go home in their education and something like roblox, we haven't seen it disrupted and majors should applied to that story. >> you like ama