earnings also out, let's get to diana olick. >> a nice beat for zillow.sus estimates of 25 cents a share. the stock is up about 3% in after hours trading. revenue at 1.22 billion versus estimates of 1.02 billion. part of this may have been because of some gains in their home division. that is the i buyers and then sell it. it accelerated much faster and may have pulled forward some of those gains and why q2 guidance is a bit lower than expected it came in at 1.23 to 1.28 billion versus estimates of 1.296 billion. that also may be because mortgage rates are rising and home sales are slowing zillow plans to hire 2,000 workers, up 40% from a year ago. part of that may be that i buyer program where they get more agents to buy and sell homes int, that's internet and technology was up 38% from a year ago and also traffic to mobile apps and websites in q1 up 19% year over year. so a nice beat for zillow. a lot of that on that i buyer program. >> thanks for that, diana. greg, what's your take, a lot of earnings crossing tonight but also over the last week. are yo

zillow economist nancy.e'll talk about some of the driver is pushing the pace of home sells. >> the speed at which homes are coming off the market is in large part due to the fact that there's been a lot of technology that makes the process of home shopping more efficient interest rates have been a big reason why many buyers are coming off the market. we're seeing. we saw a low interest rates. and the pandemic. >> in the san francisco metro housing market. 26% of the homes sold within 7 days. nearly 86% sold within the first month and 27% of the least expensive home sold within a week. some low results could be found in the south bay, the san jose metro housing market where only 10% of homes lasted 2 months or more on the mark for sees buyers have like this renewed sense of optimism in the market. >> that's happening because of vaccines because of the chosen, the administration east bay realtors say that same speed in which properties are being sold in san jose and san francisco is consistent in places like

now zillow has the numbers. 85% sold within a month. 78% in under a month. fast pace is not expected to last. more than two-thirds of housing experts tell zillow they expect more homes to hit the market later this year and extra inventory should cool the buying fever. >>> all right. a first for san francisco when it comes to public transportation. the city's new battery electric bus. they ordered three more, all from different companies who will be testing them over the next few months. then the city will decide its long-term strategy. the goal is to have an entire fleet of zero emission busses. >>> in past years the event was called bike to workday but because of the pandemic this year organizers encouraged people to bike wherever. cyclists say more than a million people in the bay area live within five miles of their offices or workplaces and five miles is perfect for a bike ride. it lasts through may. so if you missed out today, you still have time. >>> here is your favorite story. >> yes. two 1990s hip hop stars are coming here to the bay area for a publ

when you think about how much sunshine oper to get, you might be surprised that zillow use more widely help part of the problem is that many companies and private household kinds of, for the leisure lane in buying still upon l. well, we have a story for kenya, it doesn't have to be that way. roll, since her love for flowers has brought grace than yet a long way to day. she's the proud owner of a flat farm in the town of picker, near kenyan capital, nairobi. it's a certified trade company with more than 500 employees and you have to do the same process and we'll throw us on this fun is because of my love for, for us. wrong before, even book this fun. for me, it is very, it was very important that i worked with a product that i liked to myself. and nearly 30 hexes of land are covered with greenhouses. all of the flowers are grown without the use of chemicals. once harvested, the rose is packed and placed in a cold stall. both the cold store and the official lights in use, a lot of electricity. but the power supply isn't always reliable in kenya and power called the frequent. so 4 years.

for one thing, mortgage rates are at rock bottom lows and for another, according to zillow, the country is experiencing a generation clash. >> we have the millennials and they are aging in to their home buying years and baby boomers are healthier, and living longer and they want to age in place. so, we have got millennials competing with baby boomers and they are looking at very similar types of homes. smaller, more affordable starter homes. and so, this is what is really driving unrelenting demand that we see in the market for years to come. >> for now, she is packing up a house she sold, she is one of the winners in the great reshuffling. >> it really does sound like you were in exactly the right place, exactly t . what would you say if you came face to face with the people who gave you the second chance at life. steve hartman is on the road with a reunion more than three decades in the making. >> 9-1-1. >> reporter: fishermen are known for fish stories. but the whopper that charter boat captains mark and paul are about to unspool is all too real. >> that story, it just really throws

obviously all the years with zillow and even what you're doing currently.ther or not these taxes go into effect they'll have a real impact on the market itself? >> well, clearly some people are moving from high tax states to low tax states and the potential increase in capital gains rate federally and also income federally will accelerate that however, what's really driving the housing market right now is not actually tax policy, not the biden proposal and not even state by state differences it's limited inventory so if you think for a second over the last four decades in the 70s, 80s, 90s and 2000s, about 26 million homes were built every decdecade for 40 years in the 2010s, only 6 million homes were built in the united states there's a 20-million home gap of houses that don't exist which would have existed in the past decade that's why home prices are increasing tax policy, sure, it has a difference on the margins, but the real issue and what's driving home value aappreciation is limited inventory because of new construction >> and that was the housing bu

it was not only is, i mean, you know, lessons are masters looking on zillow. with all those local high ask actually that how that can be done and you can live about must die in in the, in the corner be the home because they have all the olivia mckenna that would have to be held not in no man. like i said, mama, i do look good. on the 10th grade, she just said no, no. okay. so she seen what you need to know. she was cut off the 9th grade because we don't have any record of how much of a covenant i've seen before. i move on to him. so we'll keep, you know, i haven't had any mac in service and he had to be on the, seminal from how you get the job done on you know, you know, i don't have any copy that it's not the different how the pebble, the, my mothers keep checking on that when i'm in the bureau fi, i was, i was the was the loss of members, please let us know. this is the be does or one if you can wait for him is low. so the mom, the initial a hell just for me. coffee, nothing was my and to can bob to the home. but what i think because one consent was what i s

i want to hit zillow. housing boom driving the web traffic to the site, not doing so great intraday but after earnings, definitely seeing those boost. i want to hit on what katie talked about on the semiconductor's pain you saw today. we're going to use nvidia as a proxy. the biggest weighted stock in the stocks index. he saw that see some pain. down 3.3%. that really flowed into the automakers. katie mentioned transportation index. let's look at the automakers. electric vehicles, you have other tech stocks really taking that into stride. amazon, apple, the biggest heavy waiters in the s&p 500, really dragging you down. snapchat in the red. i it, some of the talks in the red. the digs -- the big story is broad-based selling wherever tech has a states. emily: thank you for giving us a broad round. kriti good? my katie gry felt, appreciate you both. i want to move onto day two in the high-stakes antitrust trial happening between apple and epic games. the cross-examination of tim sweeney was aimed at weakenin

joining us now, the zillow president. just ran through what does it all imply are you getting concerned that pricing is getting a bit too frothy >> great to be here, thanks for having me back wore not concerned so a few things. one, the housing market has just been this incredible bright spot during the pandemic, and we believe that vibrancy is going to continue. despite what we're hearing today about home sales, there are a couple of things we need to remember that are really important. one is we are still at record pace here for home sales we are on track to beat home sale volume from 2020 which was at a 15-year high. back to the supply and command piece, we're starting to see these signals of inventory listings creeping back on, which could signal this rebalancing of supply and demand, which would be welcomed. >> so what is the outlook on the supply side? do you think it can catch up in the short term or are we quite a long way off of that happening >> yeah, i think it will take some time, but again we're starting to s

more than two-thirds of housing experts tell zillow they expect more homes will hit the market laterar and extra inventory could cool the buying fever. i won't believe it till i see it, though. >>> you may have seen cyclists hopping on bikes to celebrate "bike to wherever day." in past years the event was called "bike to work." because of the pandemic, this year's organizers encouraged people to bike anywhere. more than 1 million people in the bay area live within five miles of their workplace, and five miles is perfect for a bike ride. "bike to wherever" day lasts through may, so you still have time. >>> art installation in france, also an optical illusion. ready for it? it's a giant eiffel tower in black and white. its feet standing across two cliffs, and its top cropped to reveal the real eiffel tower. people came from all around to take photos. the artist unveiled it on the day the restaurant terraces reopened after a six-month shutdown due to the pandemic. i'm trying to figure this out. >> it's an optical illusion in front of the eiffel tower, then it's the eiffel tower. really,

with a great realtor a good realtor sells a least one house a month check their sales history and zillow. americans. find homes in southern california especially we dig real estate and we forgot about the boat and all the other trouble the financing and everything else. and here we are right back at it frenzied up 51015 buyers for every house like none of that ever happened. to. the 800 video. document the real estate market on you tube i got almost 1500 you tube. and it gives people really good sense of what's happening. i mean to have this that today you know sold for 1.6. 1 or even one i'm just in millions here. point 4. 5 if. i don't notice it either. it's going to work. i don't know what the heck it is the dollhouse. pull in the front yard. slightly unfinished. firepit. why is stealing a trick you got me all the other appliances all stolen. what could have been so nice about those pillars that they had to steal this and i'm not sure. there's. 15 houses on this street. i think it was. at least 8 of them had loans way over a 1000000 so if you're sitting on a 1.2 or 1.4 loan and you se

i'd rather see you in an actual home builder than i would see you in zillow. like fintech in real estateless than i like actual real estate. even as the world returns to normal, the gaming stocks could have more room to run. much more "mad money" ahead including grow generation with the news that the company is expanding the california footprint, can you make it green? if mark haynes was alive today, what would he say about the market i'm taking a guess and tonight's rapid fire, tonight's edition of the lightening round is stay with cramer in business, it's st another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. what happens when we welcome change? we can make emergency medicine possible at

zillow

hello, this sandra, and welcome all you view as i am for zillow. coming to you from lagos, nigeria, now over the next stuff, and we hope to inspire you, but i did on how to leave and dress in waste kinds out to the environment. how about some thinking issues made in some ways all clothes made of treat box, the bose a stripe and practical. and we have some design to use a natural fibers of a guarantee. you never can see that was before we hit the eco cause walk. we're 1st had to molly, we have more than 70 percent of the population lives from farm in. and in order to boost the harvest, most of the farmers there use chemical pesticides, but that comb after high fright you've been hell and the environment. and there are bible or targeting the $4000.00 orange trees is spread over 15 acres. this is deanna agriculture farm near my lease capital, by my call for a long time, i pay in the past cause massive damage. the white ta might, the, in such infest the seas and each through that was causing them to stop bearing fruit ball. and we tried many different

and we have a upcoming star as a focused artist for violence on zillow. they came with just science, or if those are 2 exclusive contract with dr. comma. and so you'll see over $200.00 concerts and everybody loves music. will find something in the summer here. incredible stuff coming up there in the runtime festival, of course, tries to put a particular focus on younger musicians. so no doubt the live concerts as a return to live concerts is sure to give a special thrill to the summer of 2021, at festival kicking off on june 26th and ending in on september 5th. we wish you all the best for a fantastic season, my serious fun in your home, and thank you so much for joining me. thank you. thank you. or summer is a time for concerts, but also a time for reading. and in our continuing series on german books in english translation, this weeks tip is, is the icing of novel, the greater hope considered one of austria's most gifted authors, she's been compared to the likes of cup kafka and brings a decidedly realist slant to this account of a child's war time pers

zillow reports in san francisco the typical home price is now $1.2 million.hat's up 7% over last year. a typical san jose home now sells for $1.3 million. that's nearly 6% higher than last year. and in both cities, more than 50% of homes sell over the listing price. >>> okay. it is a big weekend for the giants. the dodgers are coming to town this weekend and there are new covid safety rules at oracle park. fans seated in socially distanced sections will no longer have to show prof of being vaccinated or even have a negative covid test. however, fans who sit in the fully vaccinated section will still need the proof they have been completely vaccinated. more tickets are also going on sale friday mornings for upcomings games against the angels, cubs, diamondbacks and phillies. >>> more people returning to a's and giants game. we know that and baseball parks across the country as we crawl out of the pandemic. coming up in 15 minutes, lester holt will look at the comeback of our national past time. he will be in louisville, kentucky, which the minor league team th

>> it was 221 million monthly average visitors to zillow.rter, 2.5 billion with a b, which i found the staggering, thanks to that housing boom. speaking of staggering numbers, nvidia, we are up in the session. they're saying that nvidia is going to dominate when it comes to gaming, chips, the cloud and self-driving, and that's why it's an $800 stock, and it's worth 40% more. kraft heinz going in the opposite direction, calling it just a hold. if you have it, don't sell it, don't buy any more: but the input costs, you know, inflation is the talk of the market right now since we have food costs going up. coffee's up 8%, stu. i'm a little hurt in the wallet, but that will impact minute like a kraft heinz. stuart: don't worry, i've got my coffee pot going right here. all right, susan, match. hook at that. -- look at that, nice gain there. they operate tinder and other dating services. they say it was a hot second quarter. actually, they said there's a hot second quarter just ahead inspired by a summer of love. how does that grab you? up 8% on ma

relltors say homes in the bay area are going fast and for high ticket price just based off a simple zillow search there. about 3 dozen single-family homes for sale in walnut creek right now. all but one of them at or above 1 million dollars. this one right behind me is about to hit the market for just under 1 million dollars. and the realtor representing the owners say it's going to go fast. it's not. >> mention, but, you know, it's it's what a basic family would need would put into law and we put in some significant upgrades and it it will do for most families. according to a core logic study homes in contra, costa county rose 19.4% of the past year. >> from $632,500 to $755,000. home prices went up 25.2% in walnut creek alone. we've hit a new foundation here in terms of pricing in that are in the bay area. we're not building enough houses are not building enough apartments which helps the rental market which affects the sales market. so we're kind of at a new plateau. i don't see the prices coming down much near future. so how did you even purchased a home in the bay area right now when

hello, this sandra and welcome all you view as i am for zillow coming to you from legal nigerla.

it was now is, i mean, you know, loving looking on zillow, with all those local ones that have some love the actually the that how that can be done. and if you can leave a message for him to call to do that. i do have on the account that he would have to be held not in no monday to me back later. i mama i look good on the 10th grade you think you can just look up? the said no, no. okay, so she 180, what do you need to know? she was 9th grade because we don't have any record of what i'm looking to do a couple of things i may have missed. so we'll keep, you know, if you have a mac in and he had to say, no, you saw someone from the gun again down on the you know, you know, i have in the looking at the different how the pebble among others or you've checked it out and there's one of them has been has a funeral fee, i was, i was, i thought that was our members please let us know. this is the. busy be does or one if you can wait for him is really low. so the mom, the initial a hell just for me coffee enough and was much into going back to the home. but what we can said was what i see that on h

i want to hit zillow really quickly. the housing boom driving web traffic to the site.ot doing it right intraday, i want to hit him what katie just talked about. we are going to use a video to show a video -- down 3.3% and that slowed into automakers. let's look at some of the automakers. electric vehicles that drive etf's. we also have other tech stocks really taking that in stride as well, for example amazon, apple, the biggest heavyweights in the s&p 500 really dragging it down. snapchat in the red. crypto also in the red. the big story is broad-based selling wherever tech has attained. -- it's hand. emily: thanks for giving us a broad roundup. appreciate you both. i want to move on today to in the high-stakes antitrust trial happening from apple and epic games. the cross-examination of the epic ceo was aimed at weakening his argument that apple's app store is "a wildcard". that puts onerous conditions on users. our own reporter has been listening to every step of the trial. give us the highlights from the cross-examination. did apple's attorneys succeed in undermini

welcome all you view as i'm for zillow. coming to you from lagos, nigeria, now over the next stuff, and we hope to inspire you what i did on health, and leave and dress in waste kind to the environment. how about some vague issues made in some ways all clothes made of treat box, the bose that strikes and practical and we have some design to use it not to revive . is that a guarantee you never can see that but before we hit the eco caught walk, we're 1st had to molly that more than 70 percent of the population lives from farm in. and in order to boost the harvest, most of the farmers there use chemical pesticides. well that's called a high price. if you've been health and the environment and there are bible autocracy, the $4000.00 orange trees is spread over 15 acres. this is deanna agriculture. pharma mia mind is public obama call for a long time. i pay the past calls, you might have damaged the whites tom might be in search in 5th the seas and each through them causing them to stop bearing fruit ball. when we tried many di

spop if i, zillow, all bouncing nicely and notably down for the week if you look at the new high list, there's very defensive consumer companies mostly. a lot of food company just kraft, hershey 52-week highs. given the declines in the growth areas of the market that's not surprising it is a crazy week we are down 1.5% even with 2 days of bounces and consumer staples are up for the week. financials are up for the week industrials are basically flat but you see the real damage is in the growth areas of the market technology down more than 3% consumer discretionary with the growth stocks out there is also down about 4% for the week where are we i'm saying down is the new up. used to say. i say flat is the new up right now. the market has to learn to live with inflation uncertainty this takes months to figure out if the fed is right, if inflation is transitory or if it doesn't go up that much. we don't know. we won't know for many, many months it's basically stalemate and hard to argue to go to new highs unless we have a clear indication whether inflation is a serious problem or not goin

zillow, twitter and lyft employee was most loyal to their remote.ore than half side of jp morgan chase employees said they would take the cash. i'm with them. show me the money. >> show me the money. i was going to ask you just to repeat that. you stayed they will pass on $30,000 to come back to the office. him other like what i will commute for that extra coin. >> you give me 30k i will come in here and pop in like george jefferson with a big smile on my face. yes. >> moving on up. >> that's right. >> to the eastside. >> all right. we will see you at 6:30 when the stock market opens up. >> sounds good. >> can we walk across the studio like him >> i think we can. >> we have to record it. >> it's 5:40. >> coming up on kpix5 and streaming on cbsn bay area, first the raiders and now will the a's follow suit what we are learning about their trip to vegas up next. >>> i hope not. we have a wind advisory that will be in effect from 5:00 p.m. today to 5:00 a.m. tomorrow for most of the bay area. watching the northwesterly winds going to kick up for us as w

realtors say homes in the bay area are going fast and for high ticket price just based off a simple zillowthere. about 3 dozen single-family homes for sale in walnut creek right now. all but one of them at or above 1 million dollars. this one right behind me is about to hit the market for just under 1 million dollars. and the realtor representing the owners say it's going to go fast. it's not. >> mention, but, you know, it's it's what a basic family would need would put into law and we put in some significant upgrades and it it will do for most families. according to a core logic study homes in contra, costa county rose 19.4% of the past year. >> from $632,500 to $755,000. home prices went up 25.2% in walnut creek alone. we've hit a new foundation here in terms of pricing in that were in the bay area. we're not building enough houses are not building enough apartments which helps the rental market which affects the sales market. so we're kind of at a new plateau. i don't see the prices coming down much in the near future. so how did you even purchased a home in the bay area right now when

some of you would agree and argue that the bay area was booming already but the new zillow report finds that a jump in year over year median prices right here are the lowest anywhere. let's look at san jose. metro area saw a 6% appreciation year over year. san francisco which includes four other counties with a 7%. the number may sound great but other cities are higher, looking at austin, texas, climbing 25%. the median there though still only about one-third of the bay area and nationally prices went up about 12%. >> happening today, santa clara county supervisors expected to decide whether to adopt a new law that would give courts the power to order treatment for people suffering from severe mental ill patience. the proposal is called laura's law. if the county opts into the assisted outpatient treatment program, judges would have the power to force someone into mental health treatment. some disagree about whether the program is a tool to help those in need or a violation of civil rights. so far, 21 of california's 58 counties have opted in to that program. >>> a new warning this morn

i don't see the prices coming down much near future just based off a simple zillow search there. about 3 dozen single-family homes for sale in walnut creek right now. all but one of them at or above 1 million dollars. this one right behind me is about to hit the market for just under 1 million dollars. and the realtor representing the owners say it's going to go fast. a turnkey home like this. we expect will go within 5 to 10 days. this house sits on a quiet street. it has a kitchen, a living room. 3 bedrooms and 2 bathrooms and it will be on the market for just under 1 million dollars. it's not mention. but you know, it's it's what a basic family would need would put into law and we put in. >> some significant upgrades and it it will do for most families. according to a core logic study homes in contra, costa county rose 19.4% of the past year. >> from $632,500 to $755,000. home prices went up 25.2% in walnut creek alone. so how did you even purchased a home in the bay area right now when houses are selling so fast. do your homework be ready. >> just very aggressive when it come

shopify, zillow, paypal, all of these sort of fresh opportunities in there, they're all in the greenreat question. and again, with the cryptos have been all over the place as have some of the home shopping and some of the online types of things. we think post-pandemic, entire area of digital transactions will continue to grow and again one of the best ways to play it is through some of the broader funds like ark financial and global access one as well. liz: sure. because it encompasses so many good names targeted if you're a believer in the entire sector. i asked because shares are up 75% year-over-year but over the past three months they have lagged about 24% to the downside. are you worried about that at all? >> not really. i think quite frankly it's a buying opportunity. you know? the short run things trade on perception. a lot of negative news, particularly about bitcoin, lost almost half of its value from the high in the last month or so but i think that is a short-term type phenomenon. again you mentioned things like shopify and some of those types of companies who we think wil

a new zillow report finds a jump in year over year median prices here are the lowest anywhere. san jose metro area saw a 6% appreciation year over year. san francisco which includes four other counties was at 7%. the number may sound great but other cities are much higher, take a look in austin, texas, climbing 25%. the median there though is still only about one-third of the bay area's and nationally prices went up about 12%. >>> 5:10. how about a little breath of fresh air as we take a live look in downtown san jose waiting for the sun's arrival. we're up before the birds sometimes. here on "today in the bay" 5:10. the days have been quite glorious, very spring-like and you were mentioning temperature also continue, nice ones today, for the bay area, as we wake up to a mostly clear sky in the south bay. there will be some fog near the coast and we'll see temperatures warm for the inland areas but if you're making holiday weekend plans, it's going to be warming up and actually feeling more like summer, as we unofficially welcome in summer and watching out for some sierra rain.

realtors say homes in the bay area are going fast and for high ticket price just based off a simple zillow search there. about 3 dozen single-family homes for sale in walnut creek right now. all but one of them at or above 1 million dollars. this one right behind me is about to hit the market for just under 1 million dollars. and the realtor representing the owners say it's going to go fast. it's not. mansion. >> but, you know, it's it's what a basic family would need would put into law and we put in some significant upgrades and it it will do for most families according to a core logic study homes in contra, costa county rose 19.4% of the past year. >> from $632,500 to $755,000. home prices went up 25.2% in walnut creek alone. we've hit a new foundation here in terms of pricing in that are in the bay area. we're not building enough houses are not building enough apartments which helps the rental market which affects the sales market. so we're kind of at a new plateau. i don't see the prices coming down much near future. so how did you even purchased a home in the bay area right now when h

realtors say homes in the bay area are going fast and for high ticket price just based off a simple zillow search there. about 3 dozen single-family homes for sale in walnut creek right now. all but one of them at or above 1 million dollars. this one right behind me is about to hit the market for just under 1 million dollars. and the realtor representing the owners say it's going to go fast. it's not. >> mention, but, you know, it's it's what a basic family would need would put into law and we put in some significant upgrades and it it will do for most families according to a core logic study homes in contra, costa county rose 19.4% of the past year. >> from $632,500 to $755,000. home prices went up 25.2% in walnut creek alone. we've hit a new foundation here in terms of pricing in that are in the bay area. we're not building enough houses are not building enough apartments which helps the rental market which affects the sales market. so we're kind of at a new plateau. i don't see the prices coming down much near future. so how did you even purchased a home in the bay area right now when h

teledoc, square, roku, shopify, zillow, coin boase, spotify, thy happen to be the largest position of the portfolio manager with the hottest hand in the world. hottest in the world cathie wood of ark invest and that's why i call these woodstocks remember that? that was hot once, too don't get me wrong that's about as well behaved as it got it's woodstock don't get me wrong, i love every one of these companies you seen them on air how about shopify? i love shopify does anyone love twillo more than me? nobody cathie wood is fantastic at identifying stocks like twillo they're not stocks for all seasons, people. you don't just want to -- no they're not. let's stop pretending. they don't work in this environment and as i learned 40 years ago at goldman sachs, they really don't work at any inflationary environment woods knows that, too. zes she's up front about liking the names. the market is i'm pm inpatient we get retail sales that are higher it ends when inflation goes away or is tamed somehow with the exception of lumber and semis, there is no sign the commodities are cooling off any ti

they get much, much lower in price and provide an entry, i might start to buy one example would be zillow has been absolutely pancaked over the last couple of weeks, this thing was over 200 for like 10 seconds. i think i will get it under $100 that's the type of thing i try to do in this kind of environment, and we'll see what happens. i have a bunch of other names on my list but that's the one that looks closest to a buy for me. >> i'm glad you were willing to mention it i was going to ask if you would tease us a little bit, but you did it on your own and gave us the name i appreciate that. >> i don't cease i just go right for it. >> i should have figured you would reveal the name. our viewers appreciate it, i know that as well. i will tell you the other big story today that really piqued my interest is -- and you all know, you watch the show, we always cite the bank of america flow show, where they see the big money going whether it is hedge funds or big flows of institutional or retail. their new data is pretty darn interesting. hedge fund four-week average flows have hit a record low,

look at them, they are the who's who of the future of business, whether it be zoom, whether it be zillowhe list, it's a mixed bag of all independence and i think that she's got a great lens into it and a day liked to, many of those names are up 5% or more, because of where we are in the economy right now, so, i think there's a lot of diversification. i really like it and she's a great manager and i think quite honestly if i'd put together a basket of 10 of those names i couldn't manage them as well as kathy and her team could. charles: mitch always appreciate you, man you cover a wide range of things and that's helpful to us and the viewers. we'll talk to you again real soon. >> can't wait, charles. charles: coming up, if you survived this wild week, you can probably handle anything. my thoughts on your next money move, along with the all-stars i've got david bonton coming up and rob lun axe coming up and they have their plays. we'll be right back. >> ♪ ♪ ♪ ♪ ♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a netw

realtors say homes in the bay area are going fast and for high ticket price just based off a simple zillowthere. about 3 dozen single-family homes for sale in walnut creek right now. all but one of them at or above 1 million dollars. this one right behind me is about to hit the market for just under 1 million dollars. and the realtor representing the owners say it's going to go fast. it's not. mention. >> but, you know, it's it's what a basic family would need would put into law and we put in some significant upgrades and it it will do for most families according to a core logic study homes in contra, costa county rose 19.4% of the past year. >> from $632,500 to $755,000. home prices went up 25.2% in walnut creek alone. we've hit a new foundation here in terms of pricing in that were in the bay area. we're not building enough houses are not building enough apartments which helps the rental market which affects the sales market. so we're kind of at a new plateau. i don't see the prices coming down much in the near future. so how did you even purchased a home in the bay area right now when h

it's no surprise that holmes hit the market and often are sold with in days, a new zillow report shows that trend is growing nationwide. zillah research reports that last month nearly 50% of homes that hit the market were sold within one week. this is true in 27 of the 50 largest metro areas. a year ago, just 30% of homes were sold within a week. well, half are gone in less than a week more than three quarters or under contract in less than a month and joining us now to talk about the housing industry is beverly. hard side. us newsd to have you with us. thank you for having me, you know, buying a home is such a big life decision, and i know us news just did a star survey this month of homebuyers. what was the biggest concern you found for people who are in the market to move. you know, there are biddy concerns right now. the biggest one was that 72% said that they were worried about being able to afford a home. they were also worried about availability. but 72% were worried they could even afford a home if they could find what we certainly know about those high home prices here in the

a new report by zillow found the houses with outdoor spaces for family activities are being snapped up faster than homes without them, and for higher prices. homes with listings that mention a backyard sell on average 5.2 days faster than expected. homes with tree houses sell for more than 2% higher. jacuzzis, swing sets, and pools are also bonuses. >> yeah, mike nicco. >> yeah, well, my marching orders, and building a tree house this weekend. >> did you ever have one, mike? did you ever have one in your growing up days or for your kids? >> no, we had one for our kids until we moved here. our backyard is kind of small. we went from a, from that to a trampoline, and eventually the trampoline to the hot tub. so it kind of just regressed as they've gotten older. >> you've done the whole suburban upgrades. i love it. >> yeah, kind of have, kind of have, yeah. yeah, it's nice. definitely makes life a little bit better. >>> let's take a look at what's going on this weekend. it is mother's day weekend. and we are going to start off with pretty comfortable temperatures, beautiful sunrise from

running its course, that it is almost at that point where you can go in and you can look at, you know, zillow is down 16% this month and tesla 15%, square down 14%, spotify 10% and telodoc 14% or so. is this a broader statement you think it has run its course? >> every stock has its surprise. so if you like a name and you have been watching it, you know what you think it is worth this was a time that we thought we had to buy more peloton it doesn't mean that applies to all of the names that's in cathie woods' portfolio. some are still way too expensive. electric vehicle as a sector got very, very overpriced. is tesla buy right here? i mean i can't make that call, but there's a price, if you ask me to put some, you know, pen to paper or build the excel spreadsheet i could tell you where we would buy tesla it is probably not here. but people have their different buy points, and that's what makes markets. so it depends. >> okay. >> but for this name, yes, and for some others, yes. >> jason snipe, tell our viewers what to do they just heard steve wise sell a faang stock in facebook. they just hea

we look at the open door numbers last night, the zillow numbers consumers want to do this.espite the big pull back i think there's a long-term opportunity. >> stef, we've got to run. how much longer or how much farther does arkk have to fall if at all at this point, do yo think? >> i think the rotation is real, andrew i think we can continue to see value outperform growth. you're going to have up days like yesterday but for the most part i think you have a little bit more to go on the down side especially on technology expensive stocks in general. >> okay, gene, stephanie, thank you. appreciate it. >> joe >>> coming up, senator mark warner joins us to talk about the cyber attack on the colonial peline and other issues. stay tuned, "squawk box" will be right back ♪ ♪ ♪ ♪ ♪ ♪ (man) so when in doubt, just say, "let me talk to my manager." next, carvana's 100% online shopping experience. oh, man. carvana lets people buy a car-- get this-- from their couch. oh, how disruptive. no salesman there to help me pick out the car i need. how does anyone find a car on this site without s

actually rose to 6.1% tech stocks are seeing a big rebound, nasdaq climbing 0.9% led by names like roku, zillow and match. and energy sector had a strong week, now up more than 8%. 59 minutes left to go in the trading week going for five days in a row of gains. >> and coming up, a big interview with cathie wood her flagship etf is down 11% on the year and 30% from its peak she will join us to discuss the volatility in tech and then later, transportation secretary pete buttigieg will talk about the infrastructure plan and the jobs report miss. and joining us to discuss the jobs report is steve liesman along with dana peterson and mike, let's start off with you and the markets. nice ending on to the week >> yeah, a jarring number this morning but taking it in stride. it provided a bit of excuse for the growth stock z to bounce a bit and maybe not change the overall story in terms of recovery even if the pace is a little different this is a one year chart, so it will get a little compressed but basically we're sort of threatening to break out of the three week range and once again, you know, we're

lower, and, george, there are some really great calculators out there at places like realtor.com and zillowing to put down. i hily recommend collecting those out before you take the leap, george. >> thanks very much. >>> coming up, andrew mccarthy dishes on the brat pack. he's going to join us live. >>> building a better bay area, moving forward, finding solutions, this is abc7 news. >> good morning, everyone. we want to look at traffic now with jobina. >> thank you and good morning. we will start with a clearing crash now in san francisco. it just cleared about a couple of seconds ago. this is on northbound 280 to the northbound connector ramp. speeds are down to around 14 miles per hour in the area. moving to a crash on the dumbarton bridge still in place on westbound 84, speeds down to 9 miles per hour. it is also very clear at the bay bridge toll plaza, good share in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to

cases these are even negotiable but could an add an average price right now of a home what coding to zillowo upgrade your home but given that right now it is a seller's market, that inventory is so sparse on the market, you're better off according to the analysts and realtors and brokers we spoke to listing your home without doing the significant and expensive upgrades. the better thing to do, declutter, depersonalize, get it organized so that if people are walking through your home they get a great feel, a great vibe overall, but don't waste the money and time and energy on these big fancy upgrades because right now, george, the houses are flying off the market. you can invest the money and it could be a buyer's market at that point in time. get your home for sale as soon as possible. >> makes a lot of sense, rebecca jarvis, thanks very much. let's go to ginger. >> george, when you see these images out of walton county, florida, in the panhandle follow the story. okay, so lightning hits the road, eastbound i-10. the lightning then basically hits that pavement and makes shrapnel that goes t

this , after at least 10 of their top commanders, were killed today in zillow rate it air strikes anduld respond with more rocket fire as they did last night. if these buildings were targeted , there are a number of injuries from that last barrage that caused this damage that we're seeing right here, and additionally we do know earlier today an israeli soldier, was killed when an islamic jihad unit came next to the border and fired an anti-tank missile at a jeep of soldiers. we were at the hospital right after that happened as the soldiers were being treated and we spoke with a doctor there, who explained that hamas and islamic jihad are increasing their abilities to launch these types of attacks not only with rocket fire from the air but also these anti-tank attacks from the ground. this night has a lot of rocket fire and violence in store, both sides saying they are not stepping back from the brink of fighting and we do know that israeli prime minister benjamin netanyahu believes this could go on for days neither side interested in a cease fire. david? david: thank you for your roar

hello, this sandra and welcome all you view as i am for zillow coming to you from legal nigeria. now over the big stuff, and we hope to inspire you what i did on how to leave and dress in waste, that kind out to the environment. how about some big issues made in boys all clothes, made of tree box, the bose that strikes and practical and we have some design to use the natural fibers of a garrett g. you never can see that while before we hit the eco cause walk. we're 1st had to molly, we have more than 70 percent of the population live from farm in. and in order to boost the harvest, most of the farmers there use chemical pesticides, but that comes off the high friday. human health and the environment. and there are bible autocracy. the $4000.00 orange trees is spread over 15 acres. this is deanna agriculture farm, near my lease capital. by my call for a long time, i totally pissed cause massive damage. the white ta might be in search in 1st. the seas and its through there was causing them to stop a bad encroach ball when we tried many different chemicals in our fight against the h