and 2021 i made over a million dollars designing items on roblox. >> roblox is growing faster than everore. >> reporter: roblox is the virtual world of choice. it is an open world gaming platform that claims more than 54 million daily users jordan's been in it since he was 11 >> at that age, did you think, wow, this is going to be my career a decade from now >> not at all. >> reporter: today, it is his full time job. he sold more than 25 million digital clothing items and accessories, hats, earrings, wallet chains, that players buy through a virtual currency called robucks and creators turn back into real dollars talk about the digital goods you make how much is one t-shirt, for example, sell for typically and how does that translate to money in your bank account >> so when i sell digital items, they're typically between 50 and 150 robucks which translates to 50 cents to $1.50 for players to buy. >> reporter: he says people take their virtual image as seriously as they take their real one. >> when you see people in the digital space, you see what they wear and that's how you get to know

emily: roblox ceo and cofounder david baszucki. to have you back with us out of a busy earnings week. appreciate it. coming up, crypto rallies on a new cti report. the leaders of the rally? more next. ♪ emily: time now for our crypto report, and cryptocurrencies surge after a softer than expected inflation number, with cpi increasing 8.5% from a year over, decreasing from 9.1% back in june. any crypto winners in this rally? katie: the whole space was winning today. if you look across your crypto screen on the terminal, it all comes back to this. the largest cryptocurrency out there having a fantastic day, up over 3% on wednesday. the reaction on the stock market -- you've had the nasdaq up 2.9% bitcoin is going to be up as well given the slight correlation. it all ties back to wagers. it is going to have to be less aggressive than maybe feared. you saw that reflected in the bond market as well. you also had a theory him -- it -- had ethereum rallying. it has had quite the run over the last month and a half or so. there are some fun

we've heard from roblox.y say gaming is still recession proof despite some data points to the contrary. >> yeah, that's right, dee some of their peers are saying different things gaming companies are warning of tough time ahead after a dismal second quarter for the industry. video game spending falling 13% in the second quarter. and that showed up in the results from companies like take two interactive and activation it could get worse gaming is not recession proof saying people will spend money on food and gas before video games. take two and others providing disappointing guidance for the rest of the year it's not just the drop in spending either. these companies do a lot of business in europe and asia where foreign exchange headwinds are the worst. roblox planning way to diversify revenue selling digital items to players. the ceo saying just this morning the company will launch a metaverse advertising platform this year. they'll also have to prove the tough comparisons from covid we heard from nvidia earli

let's move to roblox whose shares have doubled since the last report in may. has never beat on a bottom line. can their daily active user numbers hold up? steve has the story. >> kelly, a really tough environment going into the earnings for roblox. let's show you a couple charts here if we can show the 90 day chart it's up a whopping 90%, been just on a huge tear since may. this is after they kind of gave some -- alleviated investor concerns let's say that they're going to kind of lap those pandemic comps an things will look better. growth is really the name of the game here for roblox can they continue to grow in this tough environment when people are spending less on gaming look at the 52-week high even though they've been on huge run there's about 45% off their all-time high from last fall there's a lot more room to go back when we were talking about the metaverse and everyone was excited about it we're not back there yet that's one thing to watch. the other thing is advertising besides selling digital goods roblox is starting to dip its toe into advertisin

chair. >>> roblox is poaching meta's head of government relations for south korea and japan.rked in the oculus virtual reality business is expected to grow roblox's business in asia steve, why is this new focus in asia so important for roblox how big of a coup is this? >> asia is a huge market opportunity for roblox most of the users are here in the u.s., canada, europe and throughout south american countries like brazil. they do exist in asia, especially in japan and south korea, where this executive is based, but not to the extent that they would like to grow so, look, roblox investors value the stock based on their ability to grow users. they have had some really tough comparisons despite showing double-digit percentage growth over the last year or so the comps look really tough against covid, when you're stuck indoors and kids are playing roblox so you're putting this executive in place on that side in asia really helps them -- helps grow that user base and establish more business there. lots of gamers in japan, lots of gamers in south korea and it sounds like roblox is t

designing items on roblox. >> the roblox world is growing faster than ever before. >> reporter: robloxld of choice. it's an open world gaming platform that claims more than 54 million daily users. jordan has been in it since he was 11. >> at that age did you ever think, this is going to be my career a decade from now? >> not at all. >> reporter: today it's his full-time job. he sold more than 25 million digital clothing items and accessories, hats, earrings, wallet chains that players buy through a virtual currency called roebuck's and creators can turn back into real dollars. >> talk about these digital goods you make. how much is one teacher, for example, self or typically, and how does that translate to money in your bank account? >> when i sell digital items they're typically between 50 and 150 roebuck's which translates to $.50 for $1.50 for players to buy. >> reporter: is now designing digital items were big names in fashion like carly klaas and burberry. jordan says people take their virtual image as seriously as they take their real one. >> when you see someone in the digital s

roblox. kayla. >> all in a days work. steve, thank you. >>> norway authorities euthanized a beloved walrus over the weekend, freya. she became quite the celebrity this summer and traveled along the norwegian coast, stopping to rest on boats and ships, leaving her mark and a fair bit of damage on some of them. the norwegian director said that while walruses are a protected species, euthanasia was out of the question. authorities warned the public to stay away from her but crowds still gathered to catch a glimpse. they say they euthanized her because of a continued threat to human safety. >>> 45 seconds left on our race to the finish. prosecutors in georgia have informed rudy giuliani he is target and their criminal investigation investigation. he will testify before the grand jury on wednesday. >>> the justice department asking a judge to keep the mar a-lago search warrant affidavit sealed. the document likely contains key details about why fbi agents searched former president trump's home. former prosecutor says that the

if you think roblox is the next metaverse that it's going to seamlessly integrate with mine craft and fortnite, that it's all running on one platform as one individual world, then i've got a bridge, and i don't know in cnbc headquarters to sell you. that's not even an actual bridge. >> your argument is that sthair not going to be interoperable. >> it's not a metaverse, it's a game, a great game. >> but the fact that roblox on its own is bigger than years ago, doesn't that tell you it's here >> super mario is bigger in second life too, doesn't mean it's an immersive world everyone's living in. >> i do love mario cart, i play it with some of our producers. >> you're not living there >> sometimes. >> right. >> carl? >> yeah, second life might have been a low bar to cite, but we'll watch it >>> coming up, checking in on the cloud with the ceo of vmrewa in an exclusive you don't want to miss. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match

they might not even know what roblox is. how do you stay so young ?f course i have to go ask my team, what do i know about haley . how do you stay current? >> we have an incredible team and i cannot take credit for these things. we have great brand presence and incredible people working for them. if you let these people be creative and innovative they can do more than you could ever expect i feel so lucky and proud of this team. >> i come from a different demographic at different ages, when i look at what you do in the kitchen, i can't get the stuff that you make other than if i say, go to italy or sweden. you seem to have an excellent eye for what i would want, let's say a vodka martini. you are a very sophisticated person with decent taste of the crosses many lines. >> it's so important to engage, everyone's daydreaming about going to italy. when you go on it's all over our homepage. our italy inspired product. it's so engaging and that's the kind of thing we do. you should go into our store and salivate. you should always want to come with us to se

. ♪ emily: so, in real life, you are the ceo of roblox, but on roblox, you are builderman.you know that name? we just thought i w

. >> roblox is jordan's virtual world of choice, an open world gaming platform that claims more thany users. jordan has been fm now? >> not at all. >> reporter: today it's a full time job. he sold more than 25 million digital clothing items and accessories, hats, earrings, wallet chains that players buy through virtual currency and creators turn back into real dollars. talk about the digital goods you make. how much is one t-shirt for example sell for typically and how does that translate to money in your bank account? >> when i sell digital items they're between 50 and maybe 150 roblox which translates to 50 cents to $1.50 for players to buy. jordan says people take their virtual image as seriously as their real one. >> when you see someone in the digital space that's how you get to know them. you'll pay to express yourself in a way that feels authentic to you. >> reporter: the company says 5,500 developers made real cash but rohblox. they keep 28 cents on the dollar. jordan is one of the biggest earners and recently bought his first home with his metaverse earnings complete with a

emily: so, in real life, you are the ceo of roblox, but on roblox, you are builderman.know that name? we just thought it up when -- it was maybe two weeks after we launched, and we were all picking our own usernames. and everyone picked one, and i just said, "builderman."

and 2021 ipo darlings roblox and sweet greens, guess what they're doing this morning yeah, you're notoing up. you kind of look like allbirds that was so ugly but something that's not is that cooler than expected inflation data the consumer price index for july up 8.5% from a year ago that's still a lot, but it compared with a 9.1% jump in june so if you strip out food and energy, core cpi up 5.9%, and again not up month to month. >> look, i've been saying we had peak numbers in july now, i didn't mean to be too angry about larry summers, before there are people in the summers camp that powell lost control. we have a lot of people who say powell lost control. powell did two gigantic rate hikes. i don't understand why people don't see that that's the beginning of the impact most of the things rolling over are just going to get worse. you can say better from the point of view of inflation, but if you own a house, your house is worth less, just no doubt about it there's just a glut of homes, a glut of everything at the retail level. there's a glut of things they supermarket level. >> food

the most popular virtual worlds by far still the big interact of games like roblox fortnight and league legends. if you want more freedom and fewer rules, you centralized matter of us game worlds like sam box or d central and run using block chain technology. this means that users can own and control parts of the environment. you have to use crypto tokens to buy things like digital clothes for your avatar or virtual land if you want to stop building your very own met diverse empire. the rapper snoop dog has created a virtual ranch in the sandbox. mcgrath. he shot a recent music video. there is planning some concepts and also throws exclusive parties to attend those. you have to purchase one of his limited edition and f t party passes. so i can't give you a sneak preview of what goes on there. unfortunately, for the companies and brands willing to get creative, there's big financial opportunity here. but where's the best place to start? i got in touch with charles hamburrow, the ceo of a market intelligence platform, called geek. they analyze metabolic data and help brands develop their

other names like i mentioned, advertising will be a big thing especially for roblox and they want toit differently, by the way. they're coming up with a way to do metaverse advertising and not just banner ads and things that you see on the so-called flat flirt. >> steve koufax, appreciate it >> taste testing the waters on growth stocks. are any of these worth buying? three-stock lunch explores that next without ziprecruiter. they do the legwork and they get my job posting in front of the right candidates. i love invite to apply. i instantly see great candidates and i can invite them to apply. we have hired across all departments, engineering, marketing, hardware, field techs. you can basically tell ziprecruiter who you need, when you need it, and they deliver. - [narrator] ziprecruiter. rated the number one hiring site. try it for free at ziprecruiter.com try it for free at ziprecruiter.com [upbeat music playing] ♪♪ welcome to home sweet weathertech home. a place where dirt stays outside. and floors are protected. where standing is comfortable. and water never leaves a mark. it's spo

the metaverse >> reporter: dubbed queen of the metaverse paris hilton built her own world inside roblox where her avatar de-jays headlining a neon carnival festival timed to coachella and virtual new year's eve party >> i was playing, there were more people at paris world than in new york at times square. >> reporter: today she is announcing her expansion into another metaverse platform the sand box here she'll sell paris inspired nfts and host parties. >> right now we're mostly focusing on the experiences and not the monetization because that is just not the focus right now but we are going to be doing digital wearables and working with dichbt brands. >> reporter: she is bringing her real life apparel line into the metaverse by selling digital track suits. ultimately imagining ways to link virtual and physical items. >> we want to be able todo where people could buy the track suit and then also get a digital version for their avatar to wear. >> reporter: hilton says she started investing in crypto in 2016 long before crypto's meet orric rise and fall. she's been selling nfts since last

people have been working on some of the technologies we are working on with our roblox platform. this wonderful business model where we bring these teams and players together. it is focused on improving our single platform rather than buying a second studio or pivoting in some direction. we are 100% focused on the quality of the roblox platform. >> there are skeptics out there who don't understand the metaverse and i'll believe it is going to be a thing. when it comes to the metaverse and these immersive experiences you are talking about, what is the next development on the near term horizon that will help us all better understand this and potentially even experience it? >> i think the more people see just like print or video people using immersive 3d as a utility technology, i will give an example of one thing we are doing with first robotics which is -- it is a wonderful educational platform. it requires everyone to have a robot think it in to bill weld. there are many in the real world that don't have access to this. our partnership is simulating that exact same thing. competi

. >> jimmy: roblox >> he likes the roblox all right. for "it. [ laughter ] she binge watched "stranger things." so, she's, like -- [ cheers ] not "horror" horror, but still scary. >> jimmy: it's up there. >> and so she keeps asking me, "papa, what is the scariest movie that you've ever seen? and i know where this is going because i -- i said, "i'm not going to tell you the scariest movie," because she's going to want to watch that >> jimmy: of course. >> "papa, what's the -- please tell me the scariest movie you've ever seen." i said, "the shining." so, she says, "can i watch 'the shining'?" [ laughter ] >> jimmy: of course. >> and i said "no, you can't watch 'the shining.' 'the shining' is really, psychologically, terrifying. >> jimmy: yeah >> and so, she just kept asking and persisting, and so we watched "the shining" last week [ laughter ] >> jimmy: wow, what a beautiful, family, father-daughter moment >> i don't know if it was a good call. but i, you know -- it's still really scary. >> jimmy: it is, right >> it's jack nicholson supe

it makes it accessible to so many people who aren't able to do that. >> reporter: roblox says 544,000eople have visited its paris world, though they don't report how much revenue it has generated. but hilton's company says that across its properties it will generate tens of millions of dollars in annual profit it is worth noting that hilton has promoted crypto and nfts since before that market dropped and of course it's still uncertain how metaverse investments will play out. shep. >> julia, are there any other celebrities that are this interested in the metaverse? >> we have seen various other celebrities make moves into the metaverse. justin bieber and travis scott have done virtual concerts in virtual worlds we've seen a number of other celebrities make investments such as snoop dogg did build his land in the sand box, which is where paris hilton is moving as of today we've seen investments preaunga chop ra and camilla cabelo >> julia boorstin, thanks very much. >>> we're one year on from the u.s. pulling out of afghanistan. that country, of course, now in the hands of the taliban

there are instances where you can see it sort of in maybe better effects in roblox and mine craft whichren't looking at headsets. >> they'll be on the headsets. >> that brings up the question we talked about this earlier on tech check is there going to be interoperability everything you ran through, steve, you as well joanna, doesn't tell us we're heading towards that at all? >> in the purest definition of the metaverse it's like the open web, meaning you can go to any site on any device the purest of the metaverse believe it should be like that that's not what big tech is building, apple or facebook. mark zuckerberg saw years ago apple and google were able to build their own wall of gardens and ice him out. he's building his own garden forget about the message about making it cheap and access ble that's not what they're doing. >> all of these tech giants have seen how valuable an operating system is and they want to create one for the metaverse we talk about the big tech players, who is going to lead the pack it's possible that someone's building the biggest metaverse company in their

latest version of the metaverse is designed by companies like meta, the parent company of facebook and roblox. different and immersive ways to play video games, meeting with people from far away virtually. even if you're so inclined, shopping. but this is ultimately again a social media platform. one where depending on how you present yourself, you could be very susceptible to bullying and other forms of abuse by bad actors also in the metaverse. >> yes, it has the same dangers as facebook, twitter, all the other platforms. but i think if there is even a heightened danger and that is the emotional affects it could have on people. there will be ways to even spend money in the metaverse. similar to online shopping. you'll be able to buy virtual goods, virtual property, but beware behind the avatar of someone selling could be a scammer. >> when you perform transactions, where for example you buy an asset, you buy a land in a game, you buy an nft, this is virtual. you could be more easily befrauded. >> it's on the metaverse, but are you using real money like that? you're actually exchanging real

my tour guide is a senior product manager at roblox.really nicely merchandised you see on the wall they have the home ware, you see the skate boards are on the wall as well as the bag for sale. men's wear, t-shirts as well. >> what i like about this is it feels like you're actually in a store with these products around you, even though they're virtual. i try on a few items so i just bought a pair of sunglasses let's see what i look like next, we head to the vans store where you can design and purchase sneakers. look, i'm designing my own shoe. after our shopping spree, i spent about $10 for virtual items that can only be worn by my avatar inside roblox. we're voguing. if you recall, madonna fans out. a big draw shopping in the metaverse is the accessibility of luxury brands just like buying a gucci bag in the real world is a status symbol, buying a virtual gucci bag is also a status symbol for your avatar. >> here in this metaverse, theyk can roam a massive land where they can purchase nfts and make transactions using cryptocurrency. ru

we will hear from the roblox ceo -- shares are up injuring. plus what's next for the metaverse.f the many people in and on- [announcer] imaginein elon having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music)

. >>> shares get hit after the platform missed the mark among the other key metric roblox reported a short of what analysts had been expecting. it's down 13% in the premarket shares of sweet green plunging this morning revenues fell short and the company is kcutting its full yea mark it plans to lay off 5% of its workforce and downgrade its marketplace. the advertisers are tightening their budgets. that's down about 13% in the premarket. >>> now let's touch on disney, which, of course, will be the main focus today as the dow component is set to report its quarterly results after the close. shares down about 30% so far this year, up a little bit in narth todhe market today. let's bring in sara fischer with axio thanks for joining me. is the key metric still subscriber numbers for the streaming platform or are things slightly changing in the media moment >> it is changing. now that wall street is expecting to post profits over potential gains in streaming, i think more of disney's stock is going to rely on what it reports today especially in terms of its parks and its media arm. disney

we begin with williams-sonoma heading to the metaverse speaking with jim cramer the plan involves roblox is popular with young kids it comes one day after williams-sonoma released better second quarter earnings. >>> the e. coli outbreak in the midwest is severe. 47 people became sick this week and 37 hospitalized. wendy's is cooperating with the investigation and is pulling romaine lettuce used as a precaution. >>> and starlink is teaming up with t-mobile to end dead zones. speaking in texas, the t-mobile ceo will dedicate the mid band spectrum to be integrated in the starlink satellites launched next year. brian, i have no idea what pcs band is. anything that ends the dead zones is welcome i know you are in an undisclosed location in my house, i have five dead spots. >> in my bunker here, it is not too bad. i will say i managed to make live tv. i will say this. out here, it's not good. anything i can watch my chargers lose in football, i'm happy with, frank. >> that's what it is all about you want all of the things you can get at home on the wifi out in the world that's what we were pro

. >> roblox says 544,000 people have visited paris world. says that across properties, they could generate tens of millions of properties. she has promoted crypto and nft's since before that market dropped.r celebrities make moves into the it is believed that her metaverse investments will play out. >> are there others that are so interested in the metaverse? >> we have seen other celebrities move into that like justin bieber and travis scott. we have seen celebrities make investments like snoop dogg who is building his land in the sandbox. we have also seen investments from others.e year on from the u.s. pulling out of afghanistan. that country, of course, now i there is a startup that allows people to build customized avatars. >> thank you, julia. >>> we are one year on from the u.s. pulling out of afghanistan. coming up, a marine that helped get people out describes the moments he will never forget. >>> and, the demand a trump ally made to the january 6 committee that were rejected. >>> and latebreaking information about a trump confidant

steve park long-time director of public policy for south korea and japan and facebook leaving to join robloxhey look to expand in asia he was at meta eight years worked on oculusd. a little bit of stealing going on as the landscape remains rich for the future. >> that's where they are spending, on labor getting rid of some but metaverse is going to attract top dollar right now >> big names reporting next week salesforce, zoom, nvidia, workday, very busy have a great weekend let's get to frank holland and "the half. >> welcome to "the halftime report." nasdaq and tech a sell-off this hour as fears resurface. the main cap names have been the real driver of the rally this summer does this group have enough to keep fueling this market two key sectors in this market making a quiet but major comeback we'll tell you all about it. now our investment committee on this friday. happy committee to all of you. first, we'll begin with what is ex

by now >> it is very specific and a more mature company that's got growth ahead of it the other is robloxnd i teed that off in the beginning where you talked about it the metaverse. it is fascinating to me and i went into that too early and lost money in the process of doing so this is one where it's got coming up until now 60 million daily average users just under 50% of those are under the age of 13. this really has been the social media and gaming platform of choice for the next generation of consumer and i think there are ways that this business can monetize that unique insight that it's not doing right now and this is right for an activist to come in and start shaking things up or it can be an acquisition target down the line and watching it very closely. >> wow what about in areas that you would be staying away from i mean, these are all pointing in the way of experiences, virtual experiences and is that pretty much the only place that you would want to wager on >> i think there are certain areas that i would stay away from, kelly and it's a lot more about what are these companies a

appeared we are just getting started right here in moments we'll get quarterly results from coinbase, roblox wynn we have our team of reporters standing by to break in as soon as those numbers hit also ahead we'll speak exclusively with bill nygren where he's finding opportunity in the market right now. but we start with our talk of the tape a great pause. stocks treading water again today as investors await to

many of them are meme stocks and cathie wood, ark invest stocks and robinhood names, roblox, amc, the bigger names that have moved, but we want to have this rally be broad enough so it carries the whole market and not just a segment of the market that's very volatile and can move down again and carry the market to some extent with it. so, it's nice to see a broad advance today. >> great points there. the very rare vin caruso shout out. you don't hear that. i'm going to switch analogies. >> oh, come on. >> i'm going to steve liesman, what's your take on everything that we're seeing right now. does this cpi number, inflation number, much -- not much, but significantly better than expected, does that change what the fed is planning for september? >> i need to point information on the analogy going around. is this first down i'm still playing defense or first down where i'm threatening to score >> you know we're on our side of the field still. we have a long way to go >> you're my wartime mentor. >> i want to talk up on what they were talking about and feeds into the lab enthal rose-color

robin roblox dot com. ♪dance! by christian a medice & elisha noll♪ ♪are you ready?et's go♪ ♪ ♪ahh yeah♪ ♪ ♪step to rhythm like♪ ♪you're going out tonight♪ ♪dance get with the groove and♪ ♪dance get up and move let's♪ ♪dance kick off your shoes and♪ ♪show me how you♪ ♪dance♪ ♪ ♪dance♪ ♪ ♪dance♪ get a free storage upgrade and case with s pen when you pre-order. ♪dance♪ the time. let's talk giants family night. there's a ballpark last night. everybody all smiles because we won. giants diamondbacks. nothing much happened to the force and that's when evan longoria opened in up sending mad bums pitch deep to left center. >> that was good enough to score 2 runs and the giants kept on. adding to that for more, as a matter of fact, before the game is over. so 61 was the final 4th straight win for the giants game 2. the series is tonight at 6.45? let's hope they can do more of that. well, it's of these can win today because they did yesterday taking on the rangers, no score until this one. >> nick allen sends it deep to left, but the rangers then came back tied. it. then the

jumping into the virtual world the ceo telling jim cramer last night they are collaborating with roblox west elm is the first home furnishing retailer to provide and be a partner and provide digital furniture and partner with roblox. >> consumer brands including nike and gucci announced tie ups with the company to introduce brands to younger aaudiences williams-sonoma says this will generate income for the company. in the virtual world, you get your furniture when you order it i have been waiting months for my kitchen chairs from williams-sonoma. >> can you happen what happens in the virtual world >> in terms of what happens? no this girl is going to like me. >> can you do that >> if you are dealing with ai, sure joe, you're the best >> zuckerberg was saying and i feel bad important mark. he seems comfortable in the meta world, doesn't he? does he not like this world? >> you know, if you have grown up behind the screen, you know, working through the screens. >> one of jim cramer's funny lines he tweeted was mark failed a test. >> i do remember that. i do remember that i think he said it

. >>> and take a look at roblox as they're getting hit hard, missing the mark among the other key metric million average, about a million short of what analysts had been expecting, melissa. >> how much do you pay for a sweetgreen salad, honest question >> too much. too much. >> can you imagine >> i would say 14 bucks? 15 bucks >> i think you're lowballing. >> i'll tell you what's worse. if you do it on uber eats or a different platform and have it delivered. >> you're paying even more. >> i don't want to tell you. i paid 30 bucks for a salad. it upset me. i'm a cheapskate i can't do it. >> you wonder why they're cutting their inflationary environment. >>> coinbase say sales fell more than 60% as they fled the crypto markets. joining us now, stephanie link, key investment strategist at% h hightower. this was supposed to be the proxy for the crypto market, but it was the only game in town for a long time. i'm wondering what you think of coin here with the steep decline and whether there's more pain to come. >> yeah. i mean -- good morning i'm not surprised we had an earnings and a revenue

me like i was some nut my six year old he was like what you can we get i need my password for my robloxhat's all i cared about. i mean priorities are different at that age right earlier this year abc 7 news took a deep dive into this topic to check out california dreaming the road to zero go to the abc 7 bay area streaming tv app on roku amazon fire apple tv and google tv, right? let's turn our attention out to the weekend weather. yes coming up quickly, sandia. yes, and we're all anticipating that it's going to be absolutely beautiful right it is but it's just not going to be the kind of whether you would expect in the summertime. i'll explain in just a moment right now, dan and i want to show you live picture from downtown oakland where you already see the marine layer making its move. it's a healthy marine layer it is going to advance across the bay into our inland valleys as we head towards the overnight hours right now, santa rosa 74 degrees. you have a refreshing breeze in petaluma. it is 65 are warm spots conquered fairfield in the 80s by the way our warmest in lynn valley is onl

roblox is typically played by kids, right?for their gaming experience. it's the parents, and the parents are only concerned about the price. they have no brand loyalty. so if your parent says you can't do that anymore, you can't make as many purchases on row blocks. stuart: i'd like to see the parent when he or she tells the child, you can't do that game anymore. lauren: it isn't really a chipmaker, but it's so curious that we have this chips act and you have micron, amd, nintendo all warning of softening demand. stuart: the chip deal won't chip in -- kick in for at least a year. intel says they're not going to see that money until the end of 2023. lauren: right. i mean, i think it's the right move because you want to have more resources stateside. but you have all these warnings when we're putting all these billions of dollars into manufacturing more chips here at home. stuart: check out the dow, start with the big board. you're up 1.3%. that that's a very solid rally, 400 points occupy. -- up. # 3,200. dow winners head by sa

. >> unity roblox who is on the ten? >> i'm glad you're programming the entire day here. >> i love the 11:00. >> that got past me. >> the 11 is good, man >> speaking of a lot of these names, this week we'll get zoom and salesforce and nvidia. snow, right? >> zoom has to think about something to do and not have an existential issue. marc benioff is coming to town, don't know exactly -- everybody thinks their cycles are elongated. >> wait, marc is coming to town? which town >> marc benioff. >> i thought maybe he was coming back to san francisco. >> no. he's going to be here. i want him to be here for the show, but that would be too much fun. >> he should come here why wouldn't he? >> all right marc, please come on the show, marc >> in person >> i have him for "mad money." >> this show >> that's a sacred site for a bunch of them. by the way, verizon raised its dividend, what, 16 years have you seen that stock, david? david, you used to think that was a 45 to 55 stock you don't feel that way anymore. >> i have never made a p

look at stocks like amazon up 40%, roblox up 50%.nology stocks up very high and look we've got a lot of moving parts, a lot of uncertainty, a lot of volatility in the market right now and i think when you get to this level of uncertainty the technicals start to play a much larger role what will happen with stocks and the relative strength index just monday turned to overbought. we got fed meetings today. oh, big economic summit out in a place jackson hole, wyoming, where we have news next week. i don't think it has to do with analog or technicals. it has to do with events coming up. people are positioning their portfolios ahead taking profits. neil: got it. gentlemen, thank you. outside events can affect the markets, in fact the globe. talking about the 500 or so chinese sorties at or around, sometimes over taiwan. that is just, in just the last couple of weeks. what could possibly go wrong, after this. ♪. trelegy for copd. [coughing] ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze driftin' on by... ♪ if you've been playing down

roblox, how people were using fewer video games and kids have things to do. across the board with me to game producers. those shares plummeting in the premarket. this is because of a disappointment in the usership. tesla shares, interesting to see them popping on the report that elon musk sold nearly $7 billion his stock, so my are shares up? he wants to get ahead of some sort of firesale he would be forced to do, should he buy twitter. coinbase came in as a disappointment on the heels of the crypto asset meltdown earlier this year, lower by 5%. in other stories that i know that you are keyed into, the rights to broadcast the big ten football games. that is what we are seeing with disney and paramount. disney reports after the bell, shares of .9%. espn dropped the rights to televise big ten. paramount partnered with nbc to pick those up. this is the key debate. how much can prices for the streaming go up given that cable pays so much for sports for their survival? i'm curious to say what disney says my they were ok dropping that. wendy's down after reporting