is this a buying opportunity let's ask todd gordon. todd, you hear all this digest it. of on the watch list to cut we have lost any kind of semblance of up trend support back to ipo days basically if we break through $185 that's a technical level and cut it not given up on thestory i think there's a strong fundamental position in the company. a lot of cash on the balance sheet but a long way to go until they can prove that they deserve to be in a growth portfolio and asking for a bull ring stock. >> have you been in the stock in any kind of substantial way in the last couple years? what was the average cost? >> interesting yes, yes i have owned the stock for five years. we just recently launched the wealth management ra with a 2% position in there. this was october and cut it do 1% on watch the company is incredibly -- got a strong balance sheet the margins are strong the margins are 80% compared to the industry at 57%. a 30% cash flow at 60% increasing the cash on the balance sheet. this stock and communications in general i think you really have to look at in terms of

ted gordon is here, a cnbc contributor. todd held the stock, cut it when we rebalanced around february 10th around 400. i will consider an entry, but i think we have a long way to go it's trading 30 times next year's earnings. markets expect to make about $11.15 a share cheapest valuation hammered netflix on expected user growth. management told investors to calm down, they're trying to create brand loyalty, high quality content, markets didn't take it so well. they did hike prices, so i think that's been one big question for netflix, do they have pricer power? they're going to need it, because disney is upping their spend on content they're looking to go about $33 billion. i think netflix spent about $17 billion. look for those margins to be squeezed as they spend on content, and again, their margins are better than disney, granted, it's not the same business because there's a lot more infrastructure in disney. i think netflix has the ability to really tap more users they have about 220 subscribers and about 800 million people

. >> todd: plus, the relationship between russia and china with gordon chang and congressman -- always here live, do not go anywhere. ♪ ♪ the only ev truck that combines: 4-wheel steer a multi-flex midgate and up to a 400-mile range on a full charge and the only way to reserve it is at chevy.com. find your future. find new roads. when hurting feet make you want to stop, it's dr. scholl's time. our custom fit orthotics use foot mapping technology to give you personalized support, for all-day pain relief. find your relief in store or online. when tired, achy feet make your whole body want to stop, it's dr. scholl's time. our insoles are designed with unique massaging gel waves, for all-day comfort and energy. find your relief in store or online. >> carley: prices are on the rise across america but president biden with his massive economic agenda pushing even more spending. >> todd: alexandria huff joins us from washington with the latest on the democrats and battle spending plans. >> carley, todd president biden will make these at the national city conference so there will be a roomful o