i can't tell you just like those foolish enough to sell cvs or viacom. we couldn't see when the turn would happen we couldn't tell let's step back for a second i'm not a dug in the heels guy i'm a discretion is a better part of valor person why am i upset about boeing snt short term is horrible i can't take kidding, i think the long term is bullish that said, unluke so many other kmen taughtors, you admit i've been very wrong. you take the pain when you've got a real that he is is and my thesis here is real simple first, most people on earth never set foot on an airplane. that is a staggering fact. we think of air travel as commonplace. most people are not wealthy enough to enjoy it that is changing take china in the last few decades, china lifted 800 million people into the middle class and they now view air travel as a right of passage regular viewers know i have huge problems with the chinese government not with the people. just think my view is no different in terms of the current president or the last president. you have to believe that chinese will

. >> thank you very much >>> still ahead, apple service now and viacom, three picks from our trader inets. the story and the trades are coming up next don't go anywhere. earn about co, the more questions we have. the biggest question now, what's next? what will covid bring in six months, a year? if you're feeling anxious about the future, you're not alone. calhope offers free covid-19 emotional support. call 833-317-4673, or live chat at calhope.org today. >>> welcome back, everybody. look at these markets. let's dive into the movers of the day, the names to buy and maybe some of the names to ignore the cloud stocks, big cap tech and losers of the day, the media giants let's kick things off with software and the cloud the sector having a blowout day after the earnings helping in particular servicenow jumping up 7% on pace for its best day since last january. the cloud computing etf on pace for its best say since march let's bring in john and steve with some of his favorite trades welcome to both of you jon, is mongo db a catalyst or several things going on is it. >> i think there are s

discovery plus launched in january and viacom cbs viewed paramount process in march. streaming services dominated the emmys. with shows like apple tv's head lasso. and netflix is the crown taking home top honors. taylor swift rerecorded and rereleased some of her original music after she lost her rights to the masters of her first six albums. adele released her first new album in six years. tony bennett retired from live performances. both were showcased in cbs specials. jeopardy named ken jennings host for the 2021 season. the former executive producer, mike initially had the gig. but, stepped down after offensive remarks made in the past became public. the industry lost many notable performers. including rapper dmx, rolling stones drummer, talkshow host, and actor. those are some of this year's top entertainment stories. anthony pura, cbs news. >> still had, we will tell you about an extremely rare animal that has just been discovered in the wild. >> tonight on the cbs evening news, as new omicron infections climb to record levels, to the cdc's newest isolation guid

what a week, david, it's been in streaming in general >> viacom had a good day yesterday.e forcefully answer questions than in the past a lot. he loves pluto. >> i try to block pluto. >> they're going to be spending a lot of money at viacom to obviously continue to roll out streaming. they did say subscriptions were rising, and have risen more than anticipated, even only a few weeks back in terms of during this fourth quarter. our parent company a different story yesterday, jim not having to do with streaming, but having to do with broadband additions or the lack thereof. investors have been looking for as many as 300,000 7% to 8% ebitda year over year, but it was the -- that took some investors by surprise, i guess charter also came down sharply on the same thing of changes in moving patterns. perhaps a lot of people did move and they're not moving we've got to clarify exactly what's going on, but something that they think will return to normal and, therefore, will not be a long-term pressure on their ability to ability to add broadband subscribers. >> no secular decline

so i want to buy the low multiple names a viacom it seems to be at death as door and then goes lower. those are -- blood on the streets. no question, but i'm much more excited. >> you think in the two tens came in a lot yesterday, look at today, tim to karen's point in terms of this being an execute to continue the movement put into place by jerome powell's hawkishness, that seems to be the evident of that. it's being we can debate all we want, but it is clear the market really moved on that headline that we have all just said is something we expected to get, so why did it move? >> powell has been with us consistently now for three days. on some levels the markets responded to the encroachment of fresh covid headwinds. i think what everybody is saying, vix at 33, you were back to jan of this year, vix highs a pullback, we've all talked about the lack of breadth, so when you look at the surface, you have so many stocks, 40% to 60% that are not even just storied stocks anyway, you have a dynamic here where i think we are in a place where think about fed policy, think about how much poli

. >> it's karen's viacom why not follow karen, who's as smart as they come but also are her points area lot of content, and they're very cheap on a content play, i love the distribution deal they have with t-mobile which gets them in places they might not. i think it got caught up in the a it became a stock that the retail folks said i'm going to stick it to the hedge fund folks. don't be confused by that. this is a real company this is not a company that's just a meme stock. yes, i think it's an interesting play at this point. >> you wonder if it could have turned off a lot of people maybe at their own cost? >> listen, just on "yellowstone" alone it should be a $40 stock. >> love it. >> it's the best in the history of cable television. throw kevin costner it, it should be a $50 stock. it's too cheap i don't know what is pushing it lower. i think if the wsb or reddit crowd gets their arms around it, it could easily go up. >> you're going to go up against "the wire," even "bloodline" >> all night long. >> we have a dinner on the line. we'll have a post on this. >>> we have an after-hour

notes, and comcast is one of the have notes and that's one of the best places to make money also viacom8 times earnings we think they're going to be a winner in streaming it pays a 3% yield. those are the type of companies we think are the best places to make money next year we're wary of the highly priced growth stocks. anything above 50 times earning sets off a red flag for us >> another name you like quickly is m&t bank, why a bank that doesn't get a lot of love or attention. >> it's done okay this year. they're about to close an acquisition, when they do that, the stock is going to be freed up to do better, raised the dividend to 12%. we think higher rates are a certainty in the upcoming year very good loan portfolio financials are one of the few groups that did well in 2021 and we're expecting a repeat in 2022 >> m&t bank, viaviacom, comcast three picks headed into 2022 appreciate your views. have a great day, talk to you soon, david. >> have a great one. >>> thank you. folks it goes so quickly, doesn't it we'll be back here tomorrow on "worldwide exchange," same b time, same bat c

viacom up almost 4.5%. discovery up over 2% fox and at&t both up about 1.5%.nd comcast up .5% now, the social sector is still facing so much uncertainty around ad targeting and consumer engagement while today's move indicates there might be a sense that those media players who have been investing in streaming may have been oversold -- i want to point out that disney and net licks are both down today. >> i have a question i am curious about pinterest it is a different business model than some of the other players we are talking about why has that stock been owe battered what are investors hoping to see that they haven't out of pinterest this year? >> look, pinterest is one of these stocks that really benefitted from the beginning of the pandemic people were staying at home. they added so many more new users who had never be exposed to the platform before what was so shocking about the last earnings report is this idea that they were losing users and that the outlook was bleak, the sense they hadn't done enough to hold onto the new users during the pandemic. you

viacom, discovery, are more than 70% off of their 52-week highs right now.s year high also watching theater stocks amv up almost 2% spider man, no way home generating $125 million in domestic sales. >> my son loved that son. >>> investors are fleeing to safety of treasuries we will give you the full run down when "power lunch" returns after this for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send s

tesla, micron, let's call those 5% then the 4% crowd see ing major gains for tesla, micron, viacom cbs, las vegas sands, these names are really giving the s&p 500 the strongest lift at the moment. speaking of which, the s&p as we mentioned is on track to close at an all-time record high, as we said that be the 68th thanks to some solid economic data, bringing a lot of holiday joy and keep in mind here, folks there were 33 record closes last year, so we're on track for 68 this year. new home sales rising in november to their highest level since april, single family homes we should tell you, saw sales up 12.4% as new home prices jumped to a record 416, 900 a piece, orders for big ticket items called durable goods lasting more than three to five years talking about cars, talking about washing machines, et cetera, those orders jumped 2.5% month over month, a really nice move there, but investors largely ignoring the fact that the fed's preferred inflation gauge ran hot once again. this is called the core cpe, personal consumption expenditure it jumped 4.7% annually in november that's the l

so you have to battle the so-called losers that may be winners so you don't end up selling cvs or viacomin >> my two largest positions are nvidia and generac is it best to concentrate on one theme or how best can i diversify my portfolio thank you for taking my question >> all right now, you have two winners here they're not related. generac does -- look, it used to be a backup generator, but now it's literally environmental positive it's solar, it's everything. generac is really good, and nvidia is really good. it's the cars, which is the met averse, which is gaming, high performance computer these are two great stocks generac, it was a stock we wanted to buy so badly you have a high quality nonproblem, not a problem at all. you keep doing what you're doing. i have to say congratulations on picking two winners. we got one out of two. you got them both. jim in wisconsin jim. >> i served in the u.s. navy for seven years. aboard a nuclear powered aircraft carrier you can see a picture of my ship and the plaque they gave me when i left my question considered two of the club's holdings. bolt

. >> jim >> viacom cbs. this is one of those tax loss harvesting stocks i was talking about. it's ready to come back. >> josh? >> welcome to the team, john so, gm, i'm watching tesla make this ridiculous two-day move, and it occurs to me that general motors probably should catch up here stock is too cheap in the 50s. i think it's going higher. >> all right, that's it. happy holidays, investment committee. "the exchange" begins right now. >> thank you very much, frank holland. i am in for kelly evans today on "the exchange. stocks are rising once again today for the third day in a row. but there are still some major concerns out there first off, inflation, and the fed's reaction to it a look at what it call means for the markets in 2022. >>> plus, omicron continues to surge. this has people get ready to celebrate the holidays with all their friends and family will the outbreak get even worse to start the new year off? we'll ask. >>> and coming up in rebecca patterso "rapid fire. we begin with today's markets overall and they are very much in the green right now if you take a l

. >> jim >> viacom cbs. this is one of those tax loss harvesting stocks i was talking about.> welcome to the team, john so, gm, i'm watching tesla make this ridiculous two-day move, and it occurs to me that general motors probably should catch up here stock is too cheap in the 50s. i think it's going higher. >> all right, that's it. happy holidays, investment committee. "the exchange" begins right now. >> thank you very much, frank holland. i am in for kelly evans today on "the exchange. stocks are rising once again today for the third day in a row. but there are still some major concerns out there first off, inflation, and the fed's reaction to it a look at what it call means for the markets in 2022. >>> plus, omicron continues

was on "the tonight show" and caught the attention of jon stewart's producer at "the daily show," a viacom-cbsentually offered the host chair, he said it would have meant taking a pay cut and giving up his life on the road. so, stewart had to talk him into it. >> noah: he said, "i'm not offering you the glitz and glam of your life. i'm offering you a home for a while, that i think you'll come to enjoy." that intrigued me. i was like, i've always wanted to have a home. i've always wanted to belong. and so, i thought, "well, this could be the-- this could be the chance." >> stahl: and the chance to weigh in on serious topics. when covid hit and he was broadcasting from his apartment, nearly 11 million people watched his monologue on race and george floyd. >> noah: there was a black man on the ground in handcuffs, and you-- you could take his life, so you did. almost knowing that there would be no ramifications. >> stahl: and it wasn't funny. and now we have a new dimension to trevor. >> noah: i guess. i guess you've seen a different dimension to trevor. i've always had the different dimension. >

look, green, viacom, cvs is the leader, up about 4%.eens boots, dollar general, nucor and eastman chemical round out the top five ck wl rhtnge"ilbeig ba feel stuck with your finances? move your money to sofi and feel what it's like to get your money right. ♪♪ ♪♪ move your money to sofi. download the app and get your money right. [uplifting music playing] ♪ i had a dream that someday ♪ ♪ i would just fly, fly away ♪ (soft music) hey dad, i'm about to leave. don't forget your hat . good morning. how can i help? i need help connecting with my students. behind every last minute save, ok, that works. and holiday surprise, thank you! a customer service rep is working unseen, making it happen. and at genesys, we're proud to help them help you everyday. ♪ >>> let's get a check on cryptocurrencies they're having a volatile week alongside the markets. the two biggest coins, bitcoin and ethereum, selling off 2% and 4% today, while solano, one of the best-performing cryptos down about 7%, but all three higher for the week with bitcoin hanging on to

and viacom with nickelodeon in march and in theme parks with nbc universal in the mix there i think we'rex diversify get flg to gaming and commerce as well. i think the name of the game is double down on your universes that you can expand into new shows and moveies, as well as expansions in the real world people can spend more money on and really own as fans >> how sustainable is the spending spree obviously a lot of streamers have gotten going in the last few years. but how long is that going to last as the streamers do engage in, as carl mentioned $100 billion worth of spending on content. >> i think we've seen the strategy with netflix. there's a huge transition a major media companies and it's praufedible and streaming as well and over time, it's alvery exciting business and ultimately going to be very valuable once you own the customer because of the data you can rely on there to expand as well. what is streamers are seeing to be most lucrative right now? >> i think it's a combination of the premier kids programming, which is a must have for all parents as well as premium drama and s

viacom cbs stood out because archegos has basically gone nowhere.t is the catalyst >> we think the catalyst is first and foremost the stock is so cheap 7.5 times next year's cash earnings, selling at a discount of over 50%. one is bargain price we think the base bottom is there. we think the fact that shari redstone, the chairman and bob baccas have been buying stock personally that is the catalyst to show us value is there and we think paramount plus will continue to outperform that streaming service is bringing in more subscribers than anyone could imagine. as we move into 2022, we think there will be pleasant surprises there from paramount lplus >> another top pick of yours is mark sg. omicron and delta variants, no one really saw them coming so that wrecked the whole reopening theme. it has not performed as well as live nation or some of these other reopening stocks what's the problem there >> i think we think part of the problem is that there's really a d doland discount. even though doland has always been able to do the right things on behalf

for sure a shift in our operation as we pursue what we view as a very meaningful opportunity for viacome $8 billion. there's always some going to question your scale. netflix, amazon, apple companies with virtually unlimited balance sheets do you have the scale to truly compete with direct to consumer? >> what i can tell you is our streaming strategy is working and it's accelerating. our thesis with paramount plus is a broad service would be differentiated news, sports and mountain of entertainment. we're clearly seeing it working in the u.s., including in this quarter. we're seeing an acceleration not everyone's seeing that so, i feel very good about what we're doing. it's clearly connecting to consumers. and we're working with people all around the world, who see that value as well and that's one of the things that helps us accelerate our momentum without necessarily owning a bunch of different assets >> and finally back to the old business, if i can call it that. we've heard some companies noted a --- advertising >> we're not immune to the supply chain issues. it's definitely a trans

. >> the world changed in an instant, viacom was ready, internet tracking sword and we never slowed down. schools and businesses went virtual and we powered the new reality because at media core, we were ill to keep you ahead. >> media, support c-span as a public service, along with these other television service providers. giving you a front row seat to democracy. >> coming up on c-span, comments by president biden on severe weather that has claimed thousands of lives across several states. that's followed by a memorial for the late senator bob dole, held in his hometown of russell, kansas. and later, senator lindsey graham on the congressional budget office of president biden social spending plan. >> president biden spoke to the nation in the aftermath of severe weather in the midwest that claimed dozens of lives. here's what he had to say.

shares of viacom cbs., the powerball jackpot just jumped even higher. what's it at now, reign? lauren. lauren: half a billion dollars, and the drawing is tomorrow. >> are you feeling lucky, ashley? maybe the second time -- go ahead. [laughter] ashley: no, i was just going to say,ing i have played the lottery in the past, and i always have stuart varney's ear because he says it's a complete fraud, a waste of time, you're never going to win. but despite that advice from stuart very first i have bought the odd ticket just for the fun of it. lauren: right. and we know you haven't won. but i can tell you that there were six jackpot winners this year. they had $2 billion in total winnings. take out taxes, you know, lump sum, federal, state, under a billion total but still, i wouldn't be complaining. ashley: well, i tell you what, if you don't play, you can't win. lauren, thanks very much. we are just hours away from a new -- that's right. we're wrapping up pride ifennen's first year in office. i wonder if sean d

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