deirdre? >> sounds like a fomo trade. thank you very much for that >> thank you. >>> blade back in the green after reporting its first results as a public company. big jump in revenue, one of the catalysts there. the ceo joins us next. we're back in just two minutes and there you have it- woah. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. >>> if you missed part of the show, don't forget to follow and subscribe to our podcast listen anytime, anywhere, wherever you download your podcasts "techcheck" is back in a moment. competition beat us again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? wor

i'm deirdre bosa with jon fortt and julia boorstin today getting crushed as growth continues to slow. why zoom's run may be over and traditional investors being put on hold. what to make of the latest meme names? later on, we're live outside the courthouse as jury selection begins in the elizabeth holmes trial. >> we're going to start with the work from home darling that hit a speed bump zoom down more than 15%. the stock having its second worst day ever, following results that beat estimates but saw overall growth slow. revenue up 54% year over year. great number, but a tough comp against last quarter's 191%. you heard that right it is concerning for investors this morning guidance for next quarter, lower growth the stock already cut in half in terms of where it was trading in october of last year and, yes, a work from home darling, but now it finds itself competing with titans like microsoft and salesforce, a number of well funded startups on the other julia, i think this is a story that we're seeing play out again and again. zoom, of course, competing with teams and others, they ta

i'm carl quintanilla with jon fortt and deirdre bosa coinbase's first outside investor cfo on a big cloud deal. plus earnings exclusives with ceos of fubotv and docks imty. and merging with a vast plc. de >> start off, carl, with coinbase, of course. shares of the crypto exchange seeing a boost as the company reports strong second quarter earnings second as a public company $1.6 billion in net profit and nearly 4900% boost from the month earlier. trading volume seeing double digit gains from the months in the year and could it scare off future investors? a question coinbase expects trading volume lower in the third quarter good reason. 95% of coinbase's second quarter revenue came from transactions coinbase countering, used to volatility, embrace the volatility why wouldn't they, guys? especially if it means more transand and volume? sticking out to me, institutional volume greater than 50% growth, retail volume half of that. on that front, guys, talked to big players in the space this week and know that competition is increasing. falcon x yesterday, platform dead dedicated specifically t

deirdre, how much longer do we have you >> a few days, maybe, kelly. we'll see. we'll see. fingers crossed. >> down to the wire. all right. steve coe vac is hopefully with us for a while gina sanchez also. welcome everybody. we're going to start with this blockbuster move from apple, the about-face as they agree to concessions. they will let developers talk to users about alternative payment methods not in the app store previously app makers were barred from prompting users to their websites, instead forcing purchases through the app store. is it going far enough should we expect further changes to come? we're going to have to wait to see how investors react to a change in a key part of their business model >> a couple things there, kelly. if you ask the developers who have been complaining about these commission fees, apple charges, the spotifys, the matches, the epics of the world, they don't think this goes far enough what they would like to do is instead of the narrow decision apple made where, hey, we can email you about these alternative ways to pay for service, they

so deirdre, what i'm really curious about is whether this turns out to be really meaningful for apple's business or whether this is perhaps more of a strategic move because apple is facing so much regulatory oversight and scrutiny of maybe whether it's too big and powerful >> yeah, i think this is strategic, julia and carl. apple knows that what is key in the payment ecosystem is reducing friction, and this really does none of that if anything, it kind of adds another layer by asking developers to email their users, input their payment information again. one very, very small step, but who knows? i mean, this could be just the first step we know that there is just so much scrutiny around the payment systems within the app store, perhaps this leads to more >> yeah, morgan stanley's point is there's no change to the fee or in-app payment methods which in morgan stanley's view renders this pretty toothless in their words. it does mean, of course, they can communicate with users via email, but they make the point that involves a lot of friction and is probably unlikely to change user behavio

we're resetting at the bottom of the hour i'm deirdre bosa with carl quintanilla. coming up, why one analyst says you need to drop ibm from your portfolio today. but, first, let's get a news update with rahel solomon. >> here's what's happening at this hour. home depot by far the largest loser in the dow industrials the retailer posting profits and revenues above estimates, but same store sales disappointed. home depot shares down 5% today, still up 20% this year, better than the s&p and rival lowe's. >>> retail sales falling more than expected in july, online sales dropped. 1.1% overall decline due in large part to falling auto sales due to dtight supplis for vehicles >>> home builders view of the housing market taking a big hit in august. a key index dropping to the lowest level in 13 months. sales expectations remain unchanged for the next six months. >>> shares of spirit airlines rebounding from losses of more than 4% this morning the stock bouncing back after the company said its massive recent flight disruptions cost the company about $50 million and led to m

deirdre, i know you guys spoke about this this morning. what are your conclusions? >> well, if i had a tiny violin i might play it. i do feel for these creators who are used to getting more money but the reason that facebook and youtube and some of the other platforms, new platforms have proliferated and are putting the focus on creator monetization, i think goes back to snap leading the way and paying out reasonable high fees to creators at the beginning that has really paved the way for others to do so for more competition. so the idea that it's pulling back shouldn't be unreasonable i think that creators have to find other platforms, other ways to monetize the ecosystem as a whole has become a lot bigger, and for a company like facebook it's kind of become existential. how do they pay their creators >> sure. nilay, quick last word on this >> well, if you're a creator and you think that youtube and facebook and instagram aren't going to be unpredictable and mess with your money more than snap, like you've got a rude wake-up call coming ahead of you. i'd also say t

bosa has the results for airbnb which are just hitting the tape now hi, deirdre. >> shares up about 2%, revenue slightly better than expected. a lot of 11 cents per share. unclear if that's comparable to the definitive estimate, but should note it was another adjusted ebitda quarter. they nearly matched pre-covid levels the company does expect more volume activity with the delta variant, and higher cancellations, however, even amid that uncertainty, airbnb expects third quarter revenues to be at a record, and also a record adjusted ebitda and margin in that quarter they're being a little more cautious on the fourth quarter, saying they're not sure how willing people will be to travel in the fall versus the summer. no guidance there. active listings, this has been a big topic. they say the total supply overall is the highest that it's ever been on the platform. long-term stays continue to be one of the fastest growing segments guys, we'll continue to look through this, lots of color, so i think the takeaway perhaps is the delta variant is still causing cancellations, but they expect

it is deirdre. it seems like both etsy and roku are making moves to bring it beyond that pandemic play. etsy with d-pop and roku with more original content. are you buying it in the case of e etsy, does bringing in d-pop and the younger generation make the case it can be more than this pandemic play? >> we do think m&a strategy is compelling we like that management is focused on these more asset like, peer to peer marketplaces that ultimately we think can scale faster and generate longer -- higher long-term margins than more managed market place businesses ultimately, you know, they're also expanding their tamm. while apparel is a large category on etsy, resale apparel isn't something they traffic in today, they're sort of building this layered cake approach if you think about the tamm opportunity over the next several years with d-pop, with reverb, so ultimately, you know, the core etsy market place will remain a key focus for investors, but aggregate, they're building what management has character

deirdre: it is possible. we saw that recently with the drugmaker and the takeover panel requested an option with phillip morris and carlisle. at the moment there is no indication that is the way it is going. one assumes that fortress will probably do that sooner rather than later. at that point, if they do come back, it might treat up -- it might reach a point where the takeover panels say we need to accelerate since june 18. this is a -- for the more with them 100,000 employees at morrison it could be quite a trying time as they try to figure out what is happening with the business they work for. alix: more consolidation after? deirdre: it is possible. we have seen what is happening with morrison. bringing us back to marks and spencer, they have a food business doing exceptionally well. there's always been speculation marks & spencer would end up hiring off its food business or facing some offer for that. i think food will be an interesting space in the next few months. guy: in terms of the mechanics of what

i'm carl quintanilla with deirdre bosa big day ahead. cathie wood is with us at 11:30 a.m. eastern time. responding to the shorts that have been piling up at ark we'll get her take on tesla, robinhood, chinese stocks and more that's all coming up at the bottom of the hour then call it alex carp diem, palantir and why one analyst says you need to dump that stock today. the market prefers sweaters. investors cutting hood after vlad warns of a trading slowdown, d. >> that's where we will start our feed this morning. robinhood shares getting crushed, down 8% in the first earnings results since going public revenue doubled but that was thanks to a massive surge in crypto crtrading. robinhood is warning of a coming slowdown, keeping investors away concerns over volatility and whether you can depend on that to be a tailwind quarter to quarter. still, there is some optimism. accounts worth 22.5 million, up 150% year over year. kate rooney has those results and hood's crypto influenced its outside doge influence what is your takeaway? >> the big takeaway is that robinhood was lookin

i'm carl quintanilla with jon fortt and deirdre bosa the nasdaq is coming off record highs. faang on a roll this week. can anything stop the tech rally? tom lee is going to weigh in today. we're going to talk cybercash as google and microsoft shell out billions after visiting the white house. and then later is joe rogan losing some influence thanks to spotify? a reporter behind that story joins us this hour as well, jon. >> a flurry of companies reporting results last night including snowflake. revenue topping analyst expectations more than doubling up 104% year over year the loss of an adjusted four cents per share smaller than expected comments from management up deep, they raised full year guidance for the second time frank slootman joined jim cramer on "mad money" last night and here's what he had to say about the company's growth strategy. >> one of the great things, you know, about snowflake business is we don't have to do a large acquisition like so many companies do to build. we are not just in a very large market, we're in a market that is dynamically unfolding in f

deirdre: you can say the whole sector is in play. we had apollo settling -- we had apollo selling asda -- in a bidding war with clayton. it is no surprise apollo is being linked. our sources say this is not a live discussion and they are focused on potentially joining forces in the bid for morrison. if that is what happens -- certainly the whole sector is in play. guy: we will leave it there. we have a slight glitch on the line. thank you very much indeed will stop deirdre hipwell with what is happening with sainsbury. this is as much about underpriced u.k. assets as anything else. these guys have a lot of dry powder at the moment. apollo sitting on huge amounts of dry power, looking for opportunity to deploy that. sainsbury different from morrison. we do not know which way morrison will go. alix: jp morgan saying they think the sainsbury share pricing is already pricing in a premium because the interest in the company is not new. that would not make sense for private equity firms in terms of valuation to come in. nonetheless, it poi

i'm carl quintanilla with jon fortt and deirdre bosa back at one market today jack dorsey decides to pay now more on square's $29 billion acquisition of after pay then more disney drama as streaming continues to up end the hollywood establishment. later on, a controversial new book on tesla is out tomorrow. and the author is going to join us this hour, d. >> happy to be here, back home in a revamped one market with the bridge and the embarcadero to my right. square paying $29 billion at an all stock deal for australia's after pay, pushing further to the growing buy now, pay later market that price tag about a 30% premium to after pay's last closing price. the ceo was on "squawk on the street" earlier. have a listen. >> with after pay we have the opportunity to strengthen and closely connect our ecosystem which serves millions of merchants and cash app which serves 70 million active consumers on an annual basis, together we can create an even more powerful commerce platform connecting the two >> square's up big off of that announcement more than 10%. and, of course, the surprise of it

., deirdre mccloskey with her book which looks at a new kind of economics that focuses on science and a better understanding of human action. at 4:35 pm, futurist and economist george gilder talks about the dominance of artificial intelligence in his book. at 10:00 p.m. eastern on afterwards, ben shapiro discusses his new book the authoritarian moment, in which he argues the progressive left is pushing an authoritarian agenda in america. he is interviewed by eric, taxes . watch book tv every weekend on c-span two and find a full schedule on your program guide or visit c-span.org. "washington journal" continues. host: reid wilson is the national reporter for the hill. here to talk about information that came out with the 2020 senses and the impact it may have on redistricting. guest: thanks for having me. host: in a piece you put out, the five takeaways, particularly about the white population in the u.s., what does the senses show? guest: for the first time in our history, the white population declined. basically since the senses began in 1790, the white share of the population has be

>> deirdre, thank you. >>> when we come back, an important piece of history facing an uncertain future. the new warning about the wreckage of the titanic. age-related macular degeneration may lead to severe vision loss. so the national eye institute did 20 years of clinical studies on a formula only found in preservision. if it were my vision, i'd ask my doctor about preservision. it's the most studied eye vitamin brand. if it were my vision, i'd look into preservision. only preservision areds2 contains the exact nutrient formula recommended by the nei to help reduce the risk of moderate to advanced amd progression. i have amd. it is my vision so my plan includes preservision. this is what freedom sounds like. and this. this is what freedom smells like. ahhh, enjoy 30 days of open-road freshness. febreze car. la, la, la, la, la life... doesn't stop for diabetes. be ready for every moment, with glucerna. it's the number one doctor recommended brand that's scientifically designed to help manage your blood sugar. live every moment. glucerna. well, geico's 85 years isn't just about time, y

starts now ♪ >>> good friday morning, welcome to "techcheck," i'm carl quintanilla with jon fortt and deirdre bosa today, cloud names have been taking tech higher are those valuations now overstretched? a breakdown as tech aims for more all-time highs. >>> apple walking this privacy title rope why the company's new plans are fuelling an old debate. >>> more on robinhood's wild ride the stock rallies again today to close out the week. >>> also ahead, interviews with the ceos of zynga, drop box and confluent. >>> we start with record closes for the s&p nasdaq and dow faang is higher for the week cloud and software names roared recently the cloud index up 2% on the week it is being led higher by the names that are the most expensive of the nine stocks that trade at 30 times forward sales. data dog and four other cloud names closed at all-time highs on thursday. this is partly an earnings story. data dog raising full year guidance and beating estimates other stocks that made sharp moves eyer, adobe, drop box and confluent. both of those ceos will be joining us later this hour consumer names have

. >> the author of probably 30 some books professor deirdre mccloskey is called bettering human onyx. she has been our guest again on book carried using the top at the box at the top of the page. good evening thank you so much for joining us live. my name is jake and susan and douglas dillon

i'm carl quintanilla with jon fortt and deirdre bosa benchmarks bill gurley talks some prop 22 and uber. that's just a couple of moments away then ten years of tim cook, apple in the last decade, in the theory on cult capitalism. later on, shopify's partnering with tiktok. president holly finkelstein on investing in social commerce, d. >> and, carl, we also have another rally on our hands here. the nasdaq and the nasdaq 100 hitting new intra all time highs. the nasdaq, 15,000 for the first time ever, led by chinese internet stocks amazon and alphabet today the clu up a full percent and as i look at some of the chinese names, they are roaring back alibaba up 7.5%. pretty remarkable come back, but still what a world of pain they have been in this year. >> yeah, those chinese names worth watching so is palo alto networks take a look at that name it is up nearly 20% post earnings i'm looking at it now. just right around just shy of 19%. had some stumbles earlier. this puts it solidly in the green, carl. it is an interesting market, palo alto and the networking side around security has some

i'm carl quintanilla with jon fortt, deirdre bosa. s&p just hit that all time high this morning nasdaq got one of its own as well, rallying up to more than a percent at session highs any new price on bitcoin above 50k, we'll talk about that coming up, call it a peek under the hood a debate on robinhood as a host of names initiate the stock. the ceo of klarna will join us as the company hits a record 20 million customers. finally, facebook releasing that previously shelved transparency report we'll talk about some of the data they put forward, that they did not perhaps want you to see earlier later on this hour >> and just in case you're trading those all time highs, we'll start with robinhood, initiation from a number of big banks in some of the first calls by the street since its july ipo. keep in mind, shares are up more than 10% from the ipo pricing, but almost 50% off the highs and analysts overall seem to rate it with neutral or equal rate ratings from several of the top firms including goldman sa sachs, and rare underweight from

., deirdre muska skate -- deirdre mccloskey with her book that looks at new economics that focuses on science and human action. at 4:35 p.m., futurist and economist george gilder talks about future dominance of artificial intelligence in his book "gaming ai." at 10:00 p.m. eastern on afterwards, ben shapiro, conservative author and activist, discussing his new book the authoritarian moment in which he argues the left is pushing an authoritarian agenda in america. he is interviewed by radio talkshow host eric but taxes -- eric metaxes. what book tv every week and on c-span2 and find a full schedule on your program guide or visit c-span.org. ♪ >> c-spanshop.org is c-span's online store. there is a collection of c-span products. browse to see what is new. your purchase will support our nonprofit operations. you still have time toward the congressional directory with contact information for members of congress on the biting administration. go to see spent shop -- go to c-spanshop.org. >> president biden delivered remarks at the white house about lowering the cost of prescrip d

deirdre, good morning to you. >> reporter: good morning, dan. consumers are spending more on dining out and on traveling, but there are worries about how much the delta those activities. by the biggest measure, the u.s. economy is back. >> the u.s. economy is bigger than it was prior to the pandemic. >> reporter: gross domestic product, the dollar amount of all goods and services produced in the second quarter topping its pre-pandemic peak. the 6.5% growth a faster bounce e onsue a it of orecasted. money to spend. some onists s c have spent even more if not for global supply chain issues that are leading to bottlenecks in production and fewer items on shelves. americans spent on dining out. in fact, the industry appeared to roar back in may after the cdc said fully vaccinated people could safely forego face coverings in most public settings. sales soared reaching an all-time high in june of $70.6 billion, up from under $30 billion in june 2020. now with the delta variant spreading, concerns are mounting. some businesses are worried about the fut

. >> the author of probably 30 some books professor deirdre mccloskey is called bettering human onyx. she has been our guest again on book tv. >> thank you i have enjoyed it. >> weekends on cspan2 our intellectual feet every saturday document america's stories and on sundays a book tv brings you the latest in nonfiction books and authors. cspan2 comes from these television companies and more. >> micro ♪ ♪ ♪ ♪ one of these television companies support cspan2 as a public service. >> harvard university history professor chiat miles looked at three generations of black women to the harringtons of a cotton bag. originally given by a mother to her daughter separated by slavery. here's a portion of that discussion. this is where i started when i was inspired to work on the book that became all that. this bag has had surprisingly eventful and impactful life. it looks on the surface to be quite plain. and it was given that name by two curators who is the first research in the very first description. plain weave cotton ground fabrication three strands of cotton floss with 15 and three q

whit. >> deirdre bolton, thank you so much. we appreciate it. >>> we do move overseas now and the wildfires in greece that are forcing thousands of evacuations there with flames inching closer to athens. abc's ines de la cuetara has the latest. >> reporter: that's right, whit. more than 50 fires still burning across greece right now. take a look at this. we are 45 minutes from downtown athens. that hillside completely charred. those flames sending plumes of smoke in the sky and that helicopter has been trying to put those flames out all morning. this is the scene across greece right now. thousands of residents told to evacuate. in one part residents were roused from their beds in the middle of the night and told to get to safety. we spoke to one resident here in the suburbs of athen yesterday. she was torn about what to do. she had been living here for 18 years and she said she was scared but she couldn't bring hrself to leaving her home behind. rest sent -- residents told to heed those warnings. they're revealing the first cas

appreciate it michael yoshika plchlt i, deirdre bosa and i can moo'll santoli for rapid-fire still ahead lordstown motor will report after the bell. and after its recent stock drop can the company survive? shar a dn 1/esreow6 2% we're back in a moment rience the from our entire line of vehicles at the lexus golden opportunity sales event. lease the 2021 is 300 for $379 a month for 36 months. experience amazing at your lexus dealer. this isn't just a walk up the stairs. when you have an irregular heartbeat, it's more. it's dignity. the freedom to go where you want, knowing your doctor can watch over your heart. ♪♪ i'm evie's best camper badge. but even i'm not as memorable as eating turkey hill chocolate chip cookie dough creamy premium ice cream and chasing fireflies. don't worry about me. i'm fine. you can't beat turkey hill memories. this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking.

i'm deirdre bosa with jon fortt and julia boorstin carl is off this week. today, amazon partners with affirm as the buy now, pay later craze continues. affirm shares up nearly 40% this morning. then fubo tv gets into gaming as streamers have to get creative to retain eyeballs later inside the app store, apple and google facing regulation in south korea and here at home the profits sent, how they share them under scrutiny. >> we're keeping close watch on tropical storm ida and we'll be live on the ground in new orleans this hour all as stocks move to the upside, fresh intraday highs this morning for the s&p and nasdaq >> and that is where we begin at tech stocks and the market mike santoli is looking at how much is left in the tachknk for this rally >> plenty on the nasdaq side of things, on a long-termer term basis, the nasdaq and s&p up 20% year to date go back a year ago, the big faang stocks were making a very climactic peek that led to a 10% correction not seeing the same kind of trajectory but that is interesting here is that the -- both the nasdaq com

argues the pandemic to change the election system make it more vulnerable to fraud, economic historian deirdre mccloskey with human objects which looks at a new kind of economic that focuses on science and a better understanding of human action. futurist economist george gilder talks about the future dominance of artificial intelligence in his book gaming ai. and on after words, conservative a podcast or journalist ben shapiro discusses his new book the authoritarian moment which he argues progressive left is pushing an authoritarian agenda in america paid he is interviewed by a nationally syndicated radio talkshow host eric. watch book tv every weekend and funny. on your program guide or watch online anytime @booktv.org. >> over the years on a book tv we have talked with author george gilder about economics and technology, bit coin comment today were going to talk to him about his most recent books it is called gaming ai. mr. gilder what is this book about? >> this book is about the crazy religion that captivated silicon valley were somehow their machine can clips human intelligence and then

deirdre bosa what do you think of uber? >> feels like we did this yesterday same time. lyft, same story in a lot of ways truth is, down 35% here. filled in the entire gap from the vaccine announcement back in november knew this were very hard-hit and 24 thought uber, dependent on eats, a good thing losing money the rubber hits the road when you get to the public markets. a rocky couple of years and the team at lyft, they're great managers they'll figure it out. may take a lot longer. we need supply and demand dynamics in place and talked about it again last night. what happened after both of these companies went public? public market investors hated all of those incentives. hated subsidizing riders now subsidize drivers and riders not going to work for a while. the stock could move lower in near term and no valuation support for them, really, because we're valuing off of adjusted ebitda. >> why is it assumed the whole thing will work out? >> because they proved -- you know why proved the case ride hail is a thing. now managers have to fix the product until we get to aut

deirdre bosa is here. >> the main thing to look for is adjusted ebitda number, the preferred measure of profitability. lyft said it expects to hit that milestone in the current third quarter, so investors will want to see how close it got in the second quarter lyft is seen as the more pure reopening play, but that driver shortage and the delta variant could complicate the picture looking for more details there shares are up about 10% this year far outperforming uber they have stumbled lately on the concerns, losing about 10% this month. back to you. >> deirdre, thank you. >>> what do you make of the divergence and which one do you choose, if any lyft and uber? >> a lot of complexity back in february i bought uber way too high, up at $57. i got stopped out at $48 in may. i believe that uber was the right business because it is more diverse tid it is not just about mobility. it is about mobility, logistics, you want that diversification in particular in an environment where we're still struggling with covid both domestically and globally that being said, lyft in terms of institutional

i'm jon fortt with carl quintanilla and deirdre bosa the senate might agree on more that be roads and bridges. a bipartisan bill introduced taking aim at apple and google's app store power. plus, not so fast on delivery. doordash is reportedly explored a $50 billion deal to buy instacart. well, we will talk the speed bump that killed those talks that sounds like a big number, though maybe not quite that big and palantir sees a huge jump in revenue growth, but its back strategy is catching our eye this morning more on how the company is investing in other tech companies. carl >> jon, first up in the feed today, congress opening the side door, a bipartisan group of senators unveiling a new piece of legislation aimed at cracking down on apple and google's mobile dominance the new bill would bar the tech giants from forcing developers to use their app stores and payment systems. also let developers tell their customers about lower prices on their own platforms. in response, apple said in a statement that its app store is the cornerstone of our work to connect developers and customers in a

i'm carl neequintanilla with jon fortt and deirdre bosa stocks like riot, coin base and microstrategy following suit we're going to talk to tom lee in just a moment >>> as does the ceo of binance, washington wakes up to crypto's growing influence. and that's where our feed begins this morning and what has become the sticking point in that trillion dollar infrastructure bill elan mui explains. >> reporter: the industry is pushing for explicit, new irs reporting requirements and in intense debate over the current language applies to miners and software developers and that's stoking outrage among some of fintech's biggest ceos history will not be kind to any politician who tries to block americans access to new technologies, americans have a very low tolerance for taking away our rights and harming economic growth. twitter ceo jack dorsey wrote this bill is so many issues, and he said one of the amendments from senator mark warner only makes it worse meanwhile, elon mosquusk got involved too this is not the time to pick technology winners or losers there is no crisis that compels hasty l

i'm carl quintanilla with jon fortt and deirdre bosa today, tehe team behind hello sunshine will join us this hour on their new deal with black stone. is it game over for chinese gaming stocks? why those names are cratering, and results missed from alibaba. and later, we'll talk google's new pixel 6 and what it means for the competition with the journal's joanna stern >> we start today with chinese stocks this morning, first alibaba, a small miss on the top line, driving that stock lower profit beat and it did boost its buyback program, shares so far, you can see they're down more than 1.5%. also tencent plummeting after a state owned chinese newspaper called online gaming, quote, opium for the mind investors thinking that sector might be next in china's regulatory crackdown and you can see the effects that had on some of the competitors as well as contagion there. netease down more than 7%. it is another rough start to a month for some of china's biggest tech names look at this performance in july alone, alibaba down 13%. tencent, down 15 baidu, 20% with others like didi just brutal

here's abc's deirdre bolton. >> reporter: shopping at the dollar store has become an everyday thing. >> i know the price will be fantastic. and i don't have to drive miles away. >> reporter: he's not alone. over the last year, inflation has increased 5.4%, forcing more shoppers to change where they spend and out of regular supermarkets. >> this pandemic has exacerbated wealth and income inequality. the poor have gotten poorer and the wealthier have gotten wealthier. >> dollar stores are targeting a lower income shopper, which unfortunately has grown over time. >> reporter: chains like dollar general and dollar tree are seeing a boom. >> dollar stores are growing like crazy. 1,600 dollar stores to open this year alone. >> reporter: that's about 45% of all new stores of any kind opening notice u.s. earn mouse holds on average spent more than $4,500 on groceries in 2019. that number is set to rise, as many lost jobs and cut back on dining out during the pandemic. >> filling a market need. >> reporter: dollar general and dollar tree are in underserved areas, that need is being answered b

economic historian deirdre mccloskey with her book uttering human makes, which looks at a new kind of economics that focuses on science and a better understanding of human action. george gilder talks about the future dominance of artificial intelligence in his book gaming ai. on afterwards, conservative podcaster and journalist ben shapiro discusses his new book the authoritarian moment in which he argues the progressive left is pushing an tort -- any authoritarian agenda in america. he is interviewed by eric with taxes. watch book tv every weekend and find a full schedule on your program guide or watch online anytime at book tv.org. ♪ >> "washington journal" continues. host: we are back. for our spotlight on magazine segments, we will be talking to a contributor to in these times magazine, and she will discuss her article looking at gerrymandering and how activists in wisconsin are trying to change the process. good morning. guest: good morning. thanks for having me. host: for our audience, tell us what the publication for in these times

deirdre bosa has been listening in on airbnb. >> i'm glad you have taken that up. >>> the ceo kicked off a call from italy in an airbnb. people continue to travel, at for the second quarter, hesaid they saw consistent strength in north america, and a significant recovery in europe he also noted that revenue bookings, ebitda margins are a number as demand bounces back. al total supply overall is the highest that it's ever been on the platform those over 28 days continues to be one of the fastest-growing segments however, it did dip in the past qua quarter. >>> airbnb is being more cautious for the fall. back to you, courtney. >> if chesky is in italy, what is he saying about the breakdown from the international and domestically has he given any color on that yet? >> yes, he said north americans continues to be strong >> but it is bouncing back they also said this year is very different from last year even amid the delta variant, boresers are not being -- and they are seeing that recovery, especially in europe >> dee, thank you very much. >>> the value is greater than those two combine

for more, we are joined by deirdre hipwell. why is the situation worse than anywhere else? >> the situation is challenging. in the u.k., we have a number of other events other countries don't have to contend with. it is largely brexit. we have lost a huge quantity of workers who have returned back to the eu. it led to shortages of fruit pickers, vegetable pickers, meat processors, butchers, and a huge crisis of a shortage of lori drivers, truck drivers. it is imported in a country that relies on importing a lot of products, particularly food. also a country where we probably have one of the most advanced e-commerce markets in the world. a lot of people are shopping online, and you need truck's to get products to their house. also in the pandemic, which has led to restrictions, it has led to a shortage in the number of test slots for new drivers wanting to become truck drivers. so it is of really difficult situation. -- it is a really difficult situation. tom: we have heard them calling out for truck drivers and additional staff. what is the knock on effect for consumers? >>

next, deirdre o'brien. she has seen it all in her three decades at apple. before becoming the retail and human resource achieved, she held several sales and operations positions. lastly, the youngest member of the executive team. if he became ceo in five years, he could hold onto the role for well over a decade. with cook's departure probably at least five years away, someone else could emerge. with one decade in the rearview mirror, we are on schedule to start looking toward the future. this is power on. emily: forget, you can sign up for the power on newsletter at bloomberg.com. casino operator wynn resort says it will spend $100 million this football season marketing its new bedding app -- it's new acting -- it's new betting app. we caught up with him for this interview. >> we did launch a campaign as you mentioned today featuring ben affleck and shakeel and neil. the purpose -- and shakeel o'neil. the purpose is to convey our brand positioning. among our best when based gaming in north america. we think we have a unique position in the market. if you th

next, deirdre o'brien. she has seen it all in her three decades at apple. lastly, john tournis. if he became ceo in five years, he could hold onto the role for well over a decade. with cook's departure probably at least five years away, someone else could emerge. with one decade in the rearview mirror, we are on schedule to start looking toward the future. this is power on. emily: don't forget, you can sign up for mark's weekly power on newsletter at bloomberg.com. casino operator wynn resort says it will spend $100 million this football season marketing its its new betting app. my colleagues caught up with the wynn ceo for this exclusive interview. >> we did launch a brand campaign as you mentioned today, featuring ben affleck and shaquille o'neil. the purpose is to convey our brand positioning. we are among the best land-based gaming assets in north america. we think we have a unique position in the market. if you think about our land-based strategy which is about bringing people together to have fun, we went to convey that because our digital strategy is no different. as we l

it is deirdre. as the funds grow, receives more assessments under management is it more difficult to make the bold bets and seen the returns how does the size of the funds change the calculus? >> it's both the size and the profile why cathie wood is never shy about making public a macro bet. the problem with being open and out there is there's a target on your back. one reason everyone is gunning by ark is they feel how burned and in a sense that's the danger of being out there and in the public and i think that she is facing the backlash that that's creating >> danger for who? right? because we are in a very unusual market environment where more short interest actually leads to more interest from perhaps the reddit community once you told me that you have to think about valuations creatively in this environment so could that provide some impetus for the reddit crowd to further push up the ark fund >> after amc i'm surprised any short seller wants to be out there. you're almost begging for that to p

. ♪ >>> good morning welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today, oh, the people-ryes robinhood surges as traders find a new name to chase. then this stock is crashes after earnings why investors pulled a u-ton u-turn today. >> and starting with robinhood volatile mork for what appears to be the next hot spot, the most mentioned name on multiple platforms today following a 24% surge in shares to close yesterday's trade on volume robinhood has already traded more than a half of its 30-day average. the stock currently up 33.5% to $ 62.50 in a stock halted. >> another one of though days. bring in one of the first analysts to publish on the stock. are we seeing a different kind of meme stock here one that, dare i say, could be based on fundamentals or maybe a better case for fundamentals talked about a huge, young user base that may be going to robinhood in the future for more financial products, if they can deliver? >> absolutely. i can't help but wonder that there is some sort of poetic justice for robinhood. helped start the meme stock on a trade ea

deirdre hipwell there. deutsche bank going through some of the things we saw. the asset manager hitting back at claims that it overstated the amount of esg assets. joining is now is steven arons, bloomberg banks reported. we broke that story yesterday and now they are heading back and saying that is not true. stephen: that's right. they are not denying that their former executive who has been making these allegations, many of the allegations are not true, but they are saying is that they stand by their disclosures. he is alleging that they describe management as esg reminded, even though they are not really. the dws has given information where that is not right, but the shares are down again today. has declined a little today. it seems like investors are not completely buying into this dws exclamation. alix: definitely not over for this space with no cohesive rules there. thank you so much. we have breaking news. the pentagon briefing underway. the pentagon saying that there was no second explosion in kabul on thursday despite an initial contrary report. joinin

i'm carl quintanilla with jon fortt and deirdre bosa today, big tech ceos go to washington as the white house attempts to get firm commitments on cybersecurity from the private sector then an earnings exclusive with intuit ceo of the $150 billion fintech player joins us next and 15,000 reasons to buy tech or sell it. the nasdaq continues its record climb. got an all-time high on the s&p as well. we begin with mike santoli looking at valuations this morning. mike >> carl, a little break from that pure either/or market in so long either big growth stocks or cyclicals working. seems as if the nasdaq is able to hold its own. look at the nasdaq 100 versus the dow jones industrial average over the last year obviously, neck and neck different phases of out and under performance, but this is actually dated to september 2nd of last year, which was that huge relative peak in nasdaq last summer this time, a massive melt-up in faang-type stocks almost to exclusion of everything else. since then worked off relative excesses still staying in an uptrend. even, by the way, with amazon doing absolutely

argues the pandemic to change the election system make it more vulnerable to fraud, economic historian deirdre mccloskey with human objects which looks at a new kind of economic that focuses on science and a better understanding of human action. futurist economist george gilder talks about the future dominance of artificial intelligence in his book gaming ai. and on after words, conservative a podcast or journalist ben shapiro discusses his new book the authoritarian moment which he argues progressive left is pushing an authoritarian agenda in america paid he is interviewed by a nationally syndicated radio talkshow host eric. watch book tv every weekend and funny. on your program guide or watch online anytime @booktv.org

abc's deirdre bolton has more on this. good morning. >> reporter: good morning, dan. prices are going higher for bacon, eggs, coffee, milk and that is changing where americans shop. for silas lee, shopping at the dollar store has become an every day thing. >> i know the price is going to be fantastic and i don't have to drive miles. >> reporter: he's not alone. over the last year inflation has increased to 5.4% forcing more shoppers to change where they spend and out of regular supermarkets. >> pandemic has exacerbated wealth and income inequality. the poor have gotten poorer. the wealthier have gotten wealthier. >> dollar stores are targeting a lower income shopper which has grown overtime. >> reporter: chains like dollar general and dollar tree are seeing a boom. >> dollar stores are expanding like crazy. there are 1,600 dollar stores expected to open this year alone. >> reporter: that's about 45% of all new stores opening in the u.s. northwestern households on average spend more than $4,500 on groceries in 2019. experts say that number is expected to rise as many l

i'm deirdre. this is amanda. this is samantha. >> it was a really good window into how mainstream culture could feel strange to somebody else. >> "fresh off the boat" made a major impact in proving, to the industry, that a show like this can be successful. >> still, to this day, i get people on the street who come up to me in tears saying how meaningful it was seeing themselves represented. and feeling like you are apart of america. >> it's a part of a progression of representation in tv. >> okay. so i'm just your standard, regular, old incredibly handsome, unbelievable charismatic, black dude. now, this drooling pigment challenged mix-raced women is my wife. >> blackish is a family sitcom that is interested in talking about topics of racial identity in ways television is sometimes uncomfortable about discussing. >> you're not serious about naming our kid devante, are you? >> i want a strong, black name. okay? because we have given our kids white names and they've all ended up blackish. >> the father feels like h

abc's deirdre bolton is in new york city with more on that. good morning to you, deidre. >> reporter: good morning, eva. it's all relative. there are two categories of goods that made headlines for having prices in the stratosphere that are coming down now. lumber hitting an all-time high in may. the pandemic had americans building houses or fixing existing ones. as of this week, prices down 65%. your next home project may be cheaper. the other big category, used cars. in the last month wholesale dealers started paying about 1% less. still, an analyst told me if you can wait another 6 to 12 months, wait. prices will come down further. to be sure in general consumers are facing higher prices for most goods, especially groceries, higher gasoline and labor costs are part of the reason. tips from one consumer expert, shop for less expensive cuts of meat, download an app like gas buddy to save at the pump. do more comparison shopping. guys? >>> coming up, kids finding themselves in quarantine. >>> tour bus crash, dozens sent > and graduation triump

abc's deirdre bolton has more. >> reporter: the pandemic is changing almost every aspect of work. it might even make our weekends longer. this morning the idea of a four-day work week is picking up steam. >> working 40 hours a week really came from henry ford.hat 100 hours a week in factories. >> reporter: this week this california congressman introduced legislation to shorten the work week. >> on the fifth day they'll have to pay overtime. for most workers this will amount to a 10% pay increase. >> reporter: spain's government is paying companies to test out this idea. other countries have tried not only a four-day work week, but shorter workdays. the push for a newly re-imagined work space comes as many working americans are deserate to find a better work/life balance. some companies trying this say what they started as a clearly stated experiment has increased revenues and profits. industry experts say working more hours does not always make a country more productive. the key is working smarter, not harder. >> we only do maybe four or five hours of meaningful work in any given