the action and the story and the trade on three key earnings ahead lordstown, blink charging and warby parker we begin with today's markets don chu with the numbers >> it's the nasdaq composite it is outperforming today. we're up 112 points right now. roughly up about 146 or so points so, again, some interesting moves there, tilting more towards the upside of of the nasdaq it was again a lot of the technology stocks, growth stocks that were triggered to the downside yesterday, somewhat on rising fears over inflation and rising interest rates as well. the dow industrial is now down about one-quarter of 1%. the s&p 500, 4654 there. the stock of the day so far that we want to keep an eye on is rivian, the electric truckmaker in its second day as a public company. now at $123 a share. that's on top of yesterday's massive gains. that puts the market cap of rivian at roughly $105 billion you've heard it worth more than general motors, worth more than ford, although ford owns an interest in rivian so rivian shares now topping $123 a share we continue to watch to see whether or not any momentum comes

but these brands like warby parker, allbirds part of the strength is to control the brand from start to finish so they never list on online marketplaces like an amazon. do aiothiyou think that is the e can you envision them being sold inside department stores >> you know what, i actually can. i don't know if that's a popular opinion or not but i think a number of these other players that we talk to and talk about for instance, contour brands this is not a direct to consumer business in the same way they sell lee jeans and wrangler jeans and strong direct to consumer business right now and wholesale are churning out strong results for them. i do think if you can get the relationships right, you can make this work for you both direct to consumer, owning that channel, that vertical integration like you're talking about and also if you partner with the right retailers the brand is presented in the right location and the right stores and it can just open opportunity. >> fascinating look at the mix between physical and online retail, court. thanks so much our courtney reagan. >>> as we go

warby parker's revenue grew 45% from 2019 and the first quarter as a public company and average revenue 14% to 242 bucks however its loss did double. investors taking it in stride. detailing expenses making up the quarter's loss including with that direct stock listing. stock based compensation they're opening on track to open 35 new stores by year end making 161 total and a productive market for 900 total co-ceo says it continues to target average sales per square foot of $2900. with significant free cash flow generation over time from the physical locations currently stores are responsible for more revenue than e-commerce digital sales are 42% of total compared to 63% last year. we should note gross margin did take a hit as the contact business doubled but 5% of total revenue. warby uses mainly air freight to transport the glasses and contacts and managed to avoid the port related supply chain issues and rising costs did cut into margins somewhat. >> like jewelry and eyeglasses, you can ship it is a benefit. >> small, high value, light. >> exactly you mentioned the shift of how much o

and finally, warby parker revealing its -- and a wider-than-expected loss the shares are up 3% companybuy those i products, verses online as we continue to see it decline out of the pandemic. >> let's turn to j&j the latest giant company to announce its plans to splits up. meg. >>> well, for the longest time, j&j has been this massive conglomerate today they're going to split off the consumer health business into a separately publicly traded company it plans to complete that in the next 18 to 24 months this has iconic brands like tylenol, bandaids and many others this will become its own separate company j&j ceo joined "squawk box" this morning to talk about the rational behind the deal >> with our pharma and medical device business tends to be more of a business relationship, compared to the consumer business and most importantly, where we see things going to the future, we feel it now is the right time to make this kind of a move. and ultimately allow us to reach more patients, have more innovation and execute in a much more focussed way. >> what this leaves is the $17 billion consum

ways for the public to learn about a story and somewhat maybe not much more and that is how i see warby parker which i warn you away from but i would love to be proven wrong by a great quarter. usually the first quarter out of the chute is a good one. we need to see if this could hold through next week by the way, larry williams, the guy who told us to sell today, remember he said buy last week and he sold today. one of the best calls on the the show but if the earnings stay strong, i think the stock market stays strong too i need to go to chuck in new york. >> caller: hey, yim, how are you didding. i'm here with my two sons. i have charlie age 14 and andy age 9. charlie, you have something to say to jim. >> booyah, jim. >> booyah, charlie. >> and andy what you have learned from dr. cramer. >> in apple, don't sell it buy it >> kid has sense >> all right my question is marvel. i sold it at 53, thinking that it was going to dip and then i was going to buy it again. but marvel just keeping go up and up. >> all right chuck charlie and andy and listen and listen good marvel first moved into 5g and

warby parker seeing green as the eye wear maker tops third quarter sales and estimates and raised its its first earnings report as a public company. and new shoe styles for men and women called the snow mantra boot and the journey boot in keeping with the brand's luxury pricing, the shoes will retail for $750 and $1295. talking about canada goose there. joining the likes of on holding. and the world's biggest online shopping event, china's singles day is getting squeezed by the global supply crunch. alibaba said its sales during the 11-day holiday grew just 8.5%. that's the slowest rate ever as shoppers and merchants were hit with inventory shortages and shipping delays. alibaba and jd.com moving in opposite directions. and coming up next, liz talks to luminar's ceo, austin russell, on becoming the eyes of autonomous vehicles. stay with us. ♪ ♪ ♪ ♪ there are beautiful ideas that remain in the dark. but with our new multi-cloud experience, you have the flexibility you need to unveil them to the world. ♪ trelegy for copd. [coughing] ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze d

yesterday, bay area companies are dedicated to building sustainable shoes to see mary playing like warby parker law stating support town country. i'm very socially front. i think a it's like you don't care. have you ever worn allbirds. they're so awesome. >> all robbie pickup air up. >> they're made of wool. you can wash them. they hug your foot. you don't have to wear socks. the fantastic. and you look cool. can you please freshen it up. okay. can not haha and get it over. jean's lawyer at ok. the other birds can lead to the others. the ones that we eat. >> yes. turkeys. they're they're gobbling up our holiday budget. it's a little bit shocking. bigger gatherings expected this year will be more we knew him as a shun. i think that's a word i'm trying to more more sustainable birds things long as i'm pretty smart. 25% higher costs this year than last year. they're up 50% in the last 5 years pound of turkey. that's more than myself bring more than you're sue average gallon this year for thanksgiving will consult $46.90. for 10 people. that's less than $5. a person that doesn't feel like my house.

ipo is when it's not profitable what matters to me is there's a group of companies, whether it's warby parkeric david, what they really do is like in the 1990s, all-birds, i'll buy that, i like their shoes. that's one of the things we're in i have three pairs of allbirds aren't that reminiscent of another? >> yes, it was and it was not clear whether any of those companies would ever be profitable we had a glut of athletic footwear years ago, another one came on fairly recently, and a number of new. >> look at underarmour yesterday, the dick's/nike partnership announced today, the patent that nike filed >> we haven't talked about match. >> what's going on with match? >> you must have seen what happened. >> tell me. >> so match, as i get on the what am i looking at >> we're up to page 70. >> there was a number. -- >> remember, you hold your phone up to jim's head where there's a qr code embedded. >> the cramer-verse. >> what was interesting, is match has a metaverse called single town. it's a live virtual world, where you get an avatar that can engage with others it provides a glimpse into the

we have seen ipos do well, and w warby parker any thoughts of the company, any thoughts of taking ite are focused on building the biggest most impactful business that we can because the more we grow, the more we can do that is where our focus is right now. >> mary, as board member of two public companies alta and starbucks, curious your take right now on the consumer and the sustainability of the boom we are seeing. we saw another strong spipdr spending figure today. >> i would say all of us can see the economy feels very strong right now. i know there are things like gas prices, we seen retail that folks are out spending so, i won't sit here and say i know how long that's going to last but i feel optimistic about the state of the -- right now. again, i think here with the daily harvest business, that played really well the continued ability to attract new customers to the platform. >> mary, rachel, thank you very much for the update today. have a great thanksgiving. >> thank you. >> you too >> thank you >> all right up next, black friday's big return, for years, retail experts have

21 of the things i think was a fascinating pivot even for a warby parker and the meals on your boardto be a d2c only digital-to-business and realized it mate be in store. >> for us distribution strategy is the way we reach customers. the business is really unlocked because we make such amazing products and we've invested in five years, natural products that by far and away is the most important aspect of the company. the way we reach customers, it is unique. there is no vertical retailer, digital footwear business, so that was an opportunity for us to unlock a ton of value and create an experience for our commerce it is unique and there is no majority dtc led it is an important and if you walk into one of our stores, have you such a gait experience. you don't have to return the shoe if it doesn't fit you nail it right there on the store floor. we have a great set of ambassadors in the store that kind of guide what we do it turns out that people that come into our store very often repeat purchase when they go home they do that on their digital platform there is omni channel commerce t