we ask the expedia ceo later this hour. all that in a moment, but first a look at markets kr withiti gupta. look at markets with kriti. kriti: it is a story of tech. mega cap stocks leading the upside. the new york faang index which holds tech stocks rallying 1%. what isn't in the rally is chinese stocks. ever grande macro risks, they are rebounding as you see the evergrande story contained in china. the nasdaq golden dragon index not on the rally, ending up flat. all the action was in the stock market, but more in the bond market. yields, a 13 basis point move in 10-year treasury yields after the fomc meeting, giving investors confidence that what the fed says they're going to do, tapering by november, is what is going to happen. you can feel that in real yields spiking. this is the metric that a lot of people who invest in tech stocks are looking for. it has a lot to do with the correlation we saw in february, the yields spooked tech investors but today, yield and tack are up. i want to bring the conversations of social m

i think expedia is an interesting story. it was a good week for the stock. it's a reopen name i think the reason i feel so confident in the name is because bookings were up 32% in the second quarter that gives me visibility prudential, we talked about mainly fairly new management and shrinking to grow doing asset sales and they sold 17% of their variable annuity book last week. that's three to four percent, 2.2 billion. and guess what, they announced a real estate joint venture week and cisco a decent week. the reason i feel good about it is because the bookings in the quarter were up 41% -- orders in the quarter were up 41%. and i just feel good about them having an analyst day last week and reiterating all of their financial targets and the stock is trading at a 20% discount so not a lot of pushback, brian. kind of excited about that >> it's all right. probably a good thing because you got the covid headlines, of course we did a story about for some reason people are hoarding toilet paper again i don't understand it. whatever i'm going to vegas next weeken

emily: peter kern, ceo of expedia, thank you. coming up, he cofounded ethereum and is creator of blockchain, after the break, talking about all things crypto and the future with gavin would. this is bloomberg. ♪ 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 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. and there you have it— -woah. wireless on the most reliable network nationwide. wow! -big deal! ...we get unlimited for just $30 bucks. sweet, but mine has 5g included. 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. switch to xfinity mobile and save hundreds o

>> i used expedia to finally book my dream fly fishing vacation. >> i used expedia to book my dream fly fishing vacation too. wow, we have so much in common. you've been in this boat the whole time? >> yeah. >> did you also order a tequila with another shot of tequila? >> yes. >> wow, we've got so much in common. did you also book room 219? >> yes, jimmy. i get scared, can you turn the lights on, please? >> the lights are on. how much tequila did you drink? [ snoring ] >> dicky: expedia. everything you need for the trip of your life all in one app. welcome back. hey man! ♪ we're all a local somewhere... so visit your local, and make every sunday, local bar sunday. ♪ oh! you're doing it wrong, man. what's wrong with action figures? nothing. capital one shopping instantly searches for available coupon codes and automatically applies them. whoa! i look good in miniature. capital one shopping. (in s.l.j. voice) what's in your wallet? super emma just about sleeps in her cape. but when we realized she was battling sensitive skin, capital one shopping. we switched to tide hygienic clean fr

expedia, i like, chris did mention that but that thing is supposed to get back to prepandemic revenues next year maybe. they are supposed to grow 25%, earnings are expected to be up fairly nicely off of a small loss this year this one looks interesting to me it closed up today like chris medi mentioned, i like this one good balance sheet, reasonable valuation and when the pa-- whe the pandemic is behind us, it will rip >>> option traders are making a huge bet on the banks and stocks are dropping as troubles from overseas sent stocks plummeting. don't go anywhere, we are back in two today, things can be pretty unexpected. but your customers, they still expect things to be simple. and they want it all personalized. with ibm, you can do both. businesses like insurers can automate it processes across clouds. so agents can spend more time on customer needs. and whatever comes your way, you've got it covered. saving time and improving customer service, that's why so many businesses work, with ibm. (vo) at t-mobile for business, unconventional thinking means we see things differently, so you

seema moody joins us with expedia's ceo peter kern. >> thank you peter kern ceo of expedia, welcome back to cnbc. >> good to be here >> good to see you let's talk business travel, that remains a big question for the world of travel. i know you disagree with comments from airbnb ceo brian chesky made earlier this week on saying that business travel has forever changed and that more and more americans will long to increasingly work from remote destinations where they are seeing an uptick in extended stay bookings. what are you seeing? >> their data is their data and we've all seen that same trend, but i think most businesses, many businesses, are not fully back to the office, many people, because of delta, have delayed return to office, and many planned business travel was delayed because of delta i think we're seeing that trend extend a little bit, but i was with the ceo of a major u.s. bank in new york this week and he told a great story about how his team had gone out where other teams have stayed home and zoomed and they won the business and it was a great piece of business and i think

but we're going to get past that the expedias of the world or the casinos or the hotels, we say, okay, maybe there's going to be a turning point soon for these stocks because you've got to buy them at some point >> yeah. scott, i think a lot of what you're saying is right i would just point out, are we saying that people in delta stock right now aren't aware that there was a surge in coronavirus cases? like, are we saying that's new information to the market? i'm not in these airline stocks, but i would argue actually the risk/reward here is pretty darn good anyone that's a shareholder in any of the major airlines is well aware that we had a viral surge over the summer and that there was a hit to bookings. nobody's, like, clutching their pearls because all of a sudden some of the leisure travel slowed down. equally, nobody that's in these stocks doesn't understand that it's going to be a long time before business travel comes back i don't think any of that is, like, meaningful on a go-forward basis for these stocks here's what is if we don't have as bad a winter as we had last year, a

been in that stock a long time and too good to pass up was the bounce you got in airline stocks and expedia was another one that he said he no longer owns i wonder what you make of those two moves. this is like seeing big pops in stocks and no matter how much you once loved these companies and probably still do, some of these moves have been too good to pass up and i'm going to get to another one after that. >> too good to pass up like you have to take a profit? >> yeah. >> yeah, listen, everyone has different timeframes and when they buy into a stock, their intention is to keep it and dividend reinvest and people that measure their performance or being measured by others on 90-daytime frames and obviously in that situation you would look to take quicker profits. so i don't know that what a hedge fund manager is doing is particularly relevant to other people who might be in america airlines or delta or whatever you said i think what's -- what's more important and that you haven't gotten to today is how difficult the comps have gotten and we all knew this was going to happen, right? we all t

ah, in the have with the mother decided to seek help and referred to an orthopedic specialist, expedia. but i don't remember them to make sure you get it. we know what's going on with the rachel, that's denny. it does not took some whatever but was in the month of vision, while i was given a coffee at the push me i would you but the tele committee boone give one guy, big them when you put a plea for get the, the ministers which i think so they tell me the operation cost is family $3000.00, which is what the pay for which domain they may go to manage them. rather condominium that opinion if you bought the formula infection, what the 2nd patient in general patient kate, the b will not come up. even medicine with a new brain. i still rule ancient have the source that you make a make on what were that amusing was a tough boys in the to give them my job. mm. 3 years later i was referred to another specialist that he's 6th operation. now cho, patient auto could to made it bad, only to kill the born joiner. where could you excel again? did she said to me and tell me he looked that he's lack o

ah, in the have with the mother decided to seek help and referred to an orthopedic specialist, expedia, but i don't remember them to make sure you get it. we know what's going on with the rachel that's i'll get it done. not to sub whatever. what was in the month of fish and anyway, so could you give me a coffee at the push me i would you but the tele committee boone would need to give one guy big come, would you put a plea formula yet? the, the minister, fortunately the give me so they said, oh, the operation cost is family. $3000.00, which is what the pay for which domain they made the click my god to manage the condominium, read up in any given you bought the formula infection. what the 2nd patient we're shipping, general patient data be, will not come up even medicine, but i still will. they should have the source that can make me don't have one more that i'm, i mean we're doing with a tub boys into a game module. me 3 years later i was referred to another specialist that he's 6th operation. now, patient auto could to made it paid only to city or born, join away article your excel a

we've been looking up on expedia and what not this morning. >> mike moving into the frame there. >> that's right. >> getting ready as we get started with this day. >> zooming it through the morning. flying across it. vianey has a look at forecast for us today. air quality still the big concern for us in the bay area with the fires burning around. >> indeed. one thing we always like to mention this is a changing situation. there could be a new fire that stoortsz change in the direction of the wind. right now where we're expecting to see some of the worst air quality is going to be in the santa clara valley. that's the reason why they decided to go ahead and extend the spare the air alert. 65 degrees, the bay area air quality management district i mean. san jose live look. livermore 68 degrees. we're starting out kind of mild, i want to say warm. to start out in the 70s even though yesterday was the unofficial end to summer, doesn't feel that way. 24-hour temperature change, five degrees warmer in livermore compared to the past 24 hours. concord four degrees warmer and through santa rosa and

pilot project that will enable the region to when you but as you progress to monitor the emission, expedia and absorption of c o 2, they will the major plans and enterprises will provide carbon reports, but i the report on the carbon footprint, we have a specific goal by 2026 1000000 dollars. and we saw helene region needs to be kind of carbon neutral with the there emissions need to be offset by the amount of c o 2 that will be absorbed into government. my tv supposed to come up with a writer legal framework. yeah. but i see launch climate based projects that you might need some years to calculate and to take account of garbage units in line. and we don't wish to look to be moved international standards. i believe that as early as 6 tobar, we'll have a meeting, and i see on that topic when we need also to expand the, the test. that's a test the, all the geographies that we're going to soon. and i know that those regions are interested in that group in the globe. furthermore, because the with the climate ease shift took and you don't impacted by the developments in the r t, it needs to be

his dad had debit, expedia and it says 3, which was the united government and someone ruling the country from the heart of the bill. it had never been managed before. and there was no exit strategy, there was no way of getting out there was no telling when the mission had been accomplished. and so many people believe that job bite and did the right thing in killing the trip side of afghan. that more than half of americans have been interviewed and recent polls agree with that. what they can understand. it is why it was so hot a so rush, why a medical with with such humiliation over what happened over the last 4 weeks. but they did support the war and they do support the withdraw job bite and the weight of that job bite and will be here at shank still at some point in the next day. he's less lucky is heading. he too will p as respects on the ground. many people believe, as i said before. ready this is with the fight back again, and what george bush called his war on terror. they were passengers voted among themselves to try and take back the call. and with those words, let sure the launch

the ceo of expedia said travel will go back to the way it was, even business travel. why am i getting different opinions? brian: the world is not going back to the way it was in 2019 anymore than it is going back to the way it was in 1950. this is the worst technology will ever be in our lifetime. it will only improve. people will continue to have more options. with a to live in a world where all you have to believe it's people don't go back to the office five days a week. and that business travel is curved. i do think there is going to be a new golden age of travel, it will just be very different. emily: you have huge tech companies looking at january, 2022. our other companies getting this wrong how bad covid is going to be? brian: i think ultimately the employees, not the employer's, will dictate the policies down the road. ceos want to hire the best talent to be competitive. flexible work policies will probably be the number one benefit for employees. i don't think we will all live in a world that is 100% remote. the younger the company, the more likely they are t

tune in tomorrow, we are joined by elizabeth spalding and the ceo of expedia. this is bloomberg. ♪ and there you have it— -woah. wireless on the most reliable network nationwide. wow! -big deal! ...we get unlimited for just $30 bucks. sweet, but mine has 5g included. 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. switch to xfinity mobile and save hundreds on your wireless bill. plus, save up to $400 when you purchase a new samsung phone or upgrade your existing phone. learn more at your local xfinity store today. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following is a paid furnished by rare collectibles tv llc. >> john fitzgerald kennedy served as the 35th president of the u.s. from january of 1961 until 1963. jfk brought america hope, strength, and a vision for a brighter future. >> and so my fellow americans, ask not what your country can do

tune in tomorrow, we are joined by elizabeth spalding and the ceo of expedia. this is bloomberg. ♪ (announcer) looking for a better way to lose weight and feel good? how about the one with the 98% success rate and the more affordable weight loss solution? that's golo. there are no monthly fees and it's guaranteed to work or you don't pay. how can golo offer all of that? because it's not like any of those diets you've already tried. it's the new way to lose weight. no stimulants, no starving, just results. results you'll keep for life. no more sacrificing to lose weight only to put it back on. no more sacrificing, period. it improves your lifestyle and delivers incredible results. with over 2 million satisfied customers, golo is the new way to lose weight. this is the only program i have ever done that i have never deprived myself of anything. (announcer) if what you're currently doing to lose weight isn't working, or you feel like diets don't work, you're right. don't give up. get golo. go to golo.com and get your life back, with golo. (chorus) golo! haidi: w

. >> expedia, i like that call >> guy >> happy 49th birthday, and i like the call on broadcom, as i said, abgo. >> thank you tfo that's the abgo. >>. >> snnchts sfwlnchts "mad money." my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to put this in context so call me or tweet me @jimcramer people need reasons to buy decides declining prices and this market just isn't it. yeah, the dow plunged 614 points, s&p plummeted 1.7% nasdaq, 2.19%. you buy stocks when they're too cheap. a dip is not a reason to buy in itself even as dips have been buying opportunities i spent the last couple of weeks warning you not to buy stocks. i told you we have been hit, will be hit late september i think there are a lot of people who had forgotten stocks can still go down and stay down. it's daunting

i've spoken to the ceo of expedia who says traveling is going to go back to the way it was. when my getting such different opinions? >> the world is not going back to the way it was in 2019 anymore than it is not going back to the way it was in 1950. if that is the case, travel is not going back to the way it was. this is the worst technology will be in our lifetime. it is only going to improve. people are going to continue to have more options. you're going to start to live in world while you have to believe his people don't go back to the office five days a week. some business travel is curbed. if you believe those things, travel is never going to come back the way it was. it is going to be different. i think there is going to be a new golden age of travel. it is going to be different. emily: you have told airbnb employees they can work from home until september of next year. you have other huge tech companies looking at january. are there companies getting this wrong? are they getting wrong held that covid is going to be? >> i think ultimately the employees will probably

the third quarter and look to the future already getting some very interesting names to consider from expedia to lulu lemon to u.s. bank corp., unity software, whoever that is. let's see what is in store today. we have jenny harrington, also a cnbc contributor tweeting late last night about your appearance as well you have a lot of people wondering who your picks might be it's like baited breath, jenny thanks for coming on, getting up early. who is your first pick for us this morning >> i was surprised that the twitter verse didn't get what my version of go big is, obviously it's go big dividends. so i combed through the portfolio just for you, brian, our viewers and picked out four dividend stocks with really big dividends that have sustainable earnings growth aheahead, tradig cheaper than the market, and benefit from this return to normal, which is nothing great and gloer rouse, just normal my first is sbra, yield is 7.5%, going to grow at 5% next year. it's trading at 10 times price funds from operations, which is the valuation measurement we use. it's a good company. they did an invester

expedia is one of our special picks to kick off our series why? >> yes it's an absolute reopen name you just mentioned it's flights, it's cars, it's cruises. it's lagged the market year-to-date second quarter bookings were up 32%. the visibility is very, very good they're taking vary in vrbo, they have a cost savings program, cutting costs, more gins are going higher. that will lead to like 3 billion in free cash flow and i think they can use that to buy back some stock >> another name -- this may be, by the way, stephanie, the biggest financial services company we never talk about, the only time i mention it is when we talk about where the new jersey devils play hockey. prudential, pru, totally new management, trying to reinvent themselves why do you like the quiet giant? >> it is a quiet giant you said it, new management, tl shrinking to grow the company. they're focused on emerging markets and assets last week they sold 17% of that you are variable annuity book, i think they'll use that to buy back stock and if you think rates are going higher,

are brought to you by expedia. it matters who you travel with. [ "the addams family" theme playing ] ♪ they're nice but irritating ♪ ♪ their excitement can get grating ♪ ♪ they're dressed for pastry baking ♪ ♪ the progressive family ♪ ♪ they're helpful but annoying ♪ ♪ they always leave us snoring ♪ ♪ accidents are boring with the progressive family ♪ so... when do you all go home? never! we're here for you 24/7. how terrifying. protection so good it's scary. "the addams family 2" playing october 1st. [ "colors" by black pumas ] protection so good it's scary. come in for korean tacos. [ indistinct chatter ] leave with the best of both worlds. what we value most, shouldn't cost more. ♪ smooth like butter, like a criminal undercover ♪ ♪ gon' pop like trouble ♪ ♪ breaking into your heart like that ♪ ♪ do the boogie, like ♪ ♪ side step, right-left, to my beat ♪ ♪ high like the moon, rock with me, baby ♪ ♪ know that i got that heat ♪ ♪ let me show you 'cause talk

american airlines, delta, united, southwest, as well as expedia and booking holdings they all gained on monday on what was no doubt a lousy take american airlines up 3%. why should you care? maybe two reasons, number one transports like these are generally considered leading indicators so could be a good sign ahead plus these are super consumer discretionary names and with the recent talk of rising covid, people have gotten nervous but covid cases and hospitalizations are trending down florida hospitalizations down 32% in just two weeks. some of the other hard-hit states are seeing a rollover in the south. the point is, the market move monday may have, hopefully, hinted at better days ahead and some maybe some good things to come we'll find out but the travel names they all rose. random and interesting >>> john is joining us now, the co-founder of market pavilion. john you just heard our conversation with chris murphy, we talked your world, options. you guys and your team flagged, i think, four days ago, some underlying moves in things like the russell 2000 etf that may have been a s

happen to own or live nation which hits a new high today which josh talked about multiple times or an expedia or any other travel related names where should our expectations be that's what this conversation is truly about. >> yeah. i think the expectations should be more temperate for technology even though a lot haven't done in the last year they are facing tough growth comparison we saw that in last quarter meanwhile we have this re-opening that's been stalled and delayed, but i still think it will happen and i think many of those re-opening companies are absolutely going begin to benefit. so we still feel very strongly you should have some exposure to many of those re-opening plays including booking holdings that we own temper expectations for tech but don't sell it. it's important to have a diversified portfolio. keep in mind we might see better performance from some of those other groups that a little more economic sensitive >> like the financial, right, which are having a nice day today. cramer says i do think financials after group to be bought other than the oils you already have pret

expedia is also offering some traveling tips -- try to avoid flying on a wednesday before thanksgiving, as well as the 23rd and 28th of december, since they are often the busiest and hands, you guessed it, most expensive. who is booking? dan? dan: not this year. it is a wonderful time. i like it when family comes to us during the holidays. to me the holidays so much about being at home. so i tend not to travel, i don'' particularly like traveling around the holidays, christmas and thanksgiving, but it is always fun to be with family. spencer, i know you will probably go visit grandkids back east. spencer: i hope to, because most of my family is concentrated in the northeast. . it is easier for me to fly there that for all of them to fly here. larry: i might make the difficult decision to bite the bullet and fly to hawaii. kristen: that is a difficult decision. [laughter] larry: i will send you a photo at the beach, dan. [laughter] wish you were here. a new trend on the rise in california known as the boomerangers. a new survey shows 2 in three young adults have moved back home with the

more of them and that's what i did today in terms of dow by the way, the last couple of weeks i bought expedia and black & decker and i bought prudential, and a little bit along the way on the dips because i can't time it, and i looked for number one or number two on sale with strong business fundamentals and good market shares and good total addressable markets and good leadership and good earnings and margins and free cash flow all of those things i look at and when the stocks hit a level that i'm comfortable buying and that's what i do as i mentioned, i did buy a bunch of things. dow chemical is down 21% from its high and it's an economically sensitive company and it has a lot of diversified end markets like plastics, packaging and health care, auto, housing and i like all of those end markets and they do a really good job at cost-cutting since they've split from dupont and they have pricing power. that's most important so they can handle some of this input cost inflation that they're seeing and everyone is seeing including fedex yesterday. takes me to the friendly farmer, mr. all in who we

couple hours the internet etf, she said, ticker fdn is hitting a new all time high helped by netflix, expedia and others now the crane share is up 4%, boosted by gains in didi, alibaba and buy due. didi is up about 5% right now. all of these names are down about 50% from their mystery highs. mystery group, match group, shares up about 6% today after s&p, dow jones indices says this stock will add to the s&p 500 on september 20th shares are up 50% since spinning off july 2020 but only up about 4% this year now for a cnbc news update >>> hi, kelly. good afternoon, everyone here's what's happening at this hour greg abbott signing into law the state's sweeping election overhaul, after months of protests from democrats. texas joins 17 new states that have enacted new voting restrictions since the 2020 election >>> in new jersey, president biden getting briefing of flood damage in the wake of hurricane ida. later this afternoon he'll see the damage first hand first in new jersey and then in new york city >>> on "the news," cleaning up for the damage and getting ready for the next storm after a thir

and what's happening this afternoon as for places that we've seen some real slugging off, check out expedia, booking holdings and american airlines. these stocks have shrugged off all of the evergrande issues travel companies have been up on the week and not felt any pain from that so watch those travel stocks one more to watch today, a massive slide on a relative basis on a mega cap stock we all care about facebook shares off 4% right now. now they're only up about 25% year to date this after the company tells us that they may be underreporting some of the results in its advertising business tied to iphones. why, kelly because anyone with an iphone knows now apple asks you whether or not you want the apps to track your traffic across applications and it makes it harder for advertisers to advertise if you say no. that's going to be a possible material impact on their results so facebook shares down on that. >> epic is still saying apple is banning it from the app store. at the end of the day we're all accessing this content on our phones. >> not just on our phones. apple has made a part of

. >> dicky: portions of "jimmy kimmel live" are brought to you by expedia. it matters who you travel with. ♪ ♪ their excitement can get grating ♪ ♪ they're dressed for pastry baking ♪ ♪ the progressive family ♪ ♪ they're helpful but annoying ♪ ♪ they always leave us snoring ♪ ♪ accidents are boring with the progressive family ♪ so... when do you all go home? never! we're here for you 24/7. how terrifying. protection so good it's scary. "the addams family 2" playing october 1st. wanna hear something amazing? protection so good it's scary. you can find 100s of epic deals at kohl's right now. like sonoma tops for $10.99 & under... shoes starting at $19.99... and a keurig coffee maker for $99.99! you can also get kohl's cash! kohls. stop! clearing breakouts doesn't have to be harsh on your sensitive skin. new cetaphil gentle clear contains balanced formulas that gently clear breakouts and soothe sensitive skin. cetaphil. complete acne care for sensitive skin. now in the acne aisle. ♪ ♪ cetaphil. complete acne care for sensitive skin

with shaq. [ cheers and applause ] ♪ >> dicky: portions of "jimmy kimmel live" are brought to you by expedia. it matters who you travel with. (motorcycle running) ♪ ♪ don't be fooled by the bike. or judge him by his jacket. while ted's eyes are on the road, his heart stays home. he's got gloria, and 10 grand-babies, to prove it. but his back made weekend rides tough, so ted called on the card that's even tougher. and the medicare coverage trusted by more doctors. medicare from blue cross blue shield. by your side, no matter what. that's the benefit of blue. learn more at benefitofblue.com ♪ is someone trying to steal your butterfinger? call the bfi. ♪ no one lays a finger on your butterfinger. >>> a rapping genie who comes to the aid of a boy in a picture called "kazaam." >> it's a waste of time. >> two thumbs down, shaquille o'neal trapped not in a bottle, but in a brainless plot. [ applause ] >> jimmy: oh my goodness. shaquille o'neal is here with us right now. celebrating the 20th, 25th anniversary of "kazaam." did you know it was the 25th anniversary? >> i didn't know that either

francine: so that was the trip advisor to executives, meanwhile expedia talks to holidaymakers looking to fly. >> we've seen a spike in surges from europe, from the u.k. i think that will only continue. obviously the airlines have to get planes back in the air. they've got to open those routes and put more air left out there, but there is huge pent-up demand, just as we've seen in the u.s., and travelers can get there. so i think that, particularly for me and other countries on the list, i think getting vaccinated travelers to the u.s. will be a huge opportunity for the industry and for us, in particular. francine: joining us now is andrew, european equity had transport at hsbc. great to speak to you today. i want to try to understand how exactly we will fly and travel for business and leisure differently. are we going to take fewer trips three or four times a year instead of traveling every week and stay for longer? or how do you see that evolving? andrew: on business travel, there is clear understanding that the business travel will be lower. and that is reflecting, you know, the fin

so that's why i want to believe involved and on top of what expedia last week and wynn and kayak saying that searches and reservations are on the rise and the stocks down a lot. i want to be buying the stocks because i see value in them. >> steve, what about you has your sentiment changed the market likes to climb a wall of worry washington is a familiar one the fed and tapering is familiar is this time different >> sara, to some extent it is and dangerous to say this time it's different but we have had more or less the perfect storm for 18 months. the fed you know is pumping in liquidity. the fiscal policy is a real tail wind to the markets. the economy is wonderful for a whole bunch of companies i don't think that the corporate level that we'll see the problems but where i do think that we have to think differently is we don't have the same fiscal -- monetary tail winds. the fed is taking the foot off the accelerator and they tell you when they may tap on the brakes fiscal stuff didn't matter because the market plunged that they were not going to shut down and i think our relevant as

talking about explanation 7%, 8% there's real fligs higher rates cyclical rotation and the reopen and the expedia comments from the ceo earlier today said that they're seeing twice the levels of searches in the uk in the past week now that the restrictions will be lifted. i don't know if wilfred is part of that search but that'sgood news for exped yeah and reopen. >> we saw virgin atlantic say that flights are 600% increase in bookings europe >> frost family is back in the air. >> coming when permitted i hope i hope they want to come and see me i wanted to pivot to you delano. growth is not bad over the next 18 month was there something missed in the fed conference growth rates for the year have come down a bit. and we are of course near record highs on the market. >> yeah. i would say something maybe pessimistic there. growth rates have come down a bit. we are talking about supply chain bottle necks the variants resurgence of the summer and how much is priced in the market now and talking about the fed commentary and the timing and scheduled of tapering versus growth rates and the expectations g

. >>> as we put the week into some context, travel has broken out expedia is going to be your number one gainer for the week we mentioned salesforce and their investor day the reaction, ongoing interest in energy. and crude oil is going for five weeks of gains coming up next it's stop trading with jim when you work in it complaints are part of the job. bill says the coffee is weak today. but since cdw helped us switch to mac, everyone's happier. dan from finance likes getting performance without a big price tag. bibi digs the power of the apple m1 chip. mac is easy to manage, compatible with all our apps and came preconfigured by cdw. now we're even getting compliments. that was bill again, says he loves his new mac. he's right about the coffee. >>> it's time for jim and stop trading. >> on the 28th, micron reports we have people saying be very careful going to the quarter and people said it can't be that bad and it was they have worries about pricing. it does have long cycles and they're not making those chips that we really need. whoa so, be careful and for tonight, i have good rx,

we like mastercard, expedia, disney, and i think as we look out a year from now interest rates will be higher, banks will be higher and jpmorgan and ally financial. >> all right plenty of laggards to look among, tom thank you very much, tom and barry. >> thank you >>> as we go to break, a look at the roadmap the rest of the hour including retail sales posting that surprise gain as consumers show strength despite the delta fears. >> and the country's largest real estate financing firm we will talk the return to work trade with the ceo of marcus. >>> and a lot more on yesterday's launch in florida with the administrator of nasa, bill nelson, as "squawk on the street" continues. street" continues. dow's down 111 we can explore uncharted waters, and not only make new discoveries, but get there faster, with better outcomes. with app, cloud and anywhere workspace solu vmware helps companies navigate change-- meeting them where they are, and getting them where they want to be. faster. vmware. welcome change. i wonder how the firm's doing without its fearless leader. you sure you want to leave

part of this is an expedia issue. people saying i'm going to stay close to my circle they look like each other because they hang out with each other. is there a process with which can be created or is created, i know you are both working on it to make that network more skpeedent to create that network early on? by all the data supports you get better out comes and returns it has mostly been a matter of expedience there are firms within this group over the last 20 years have not had a single black on the board or in the executive suites there is an awareness that there is a lack of pull or access to this incredible talent out there. there are some firms working on this they are really quite intentional about that that's encouraging this is a pool of firms they have a playbook and have done quite well. >> we are seeing this more in the private equity world some of the examples are valley examples the question becomes do you see a move happening among those firms and by the way, how much influence do you think those vent

is there an expedia for car insurance? obviously these marketplaces exist for of travel, for health insurance, medicare supplement policies. is there a site you can go to enter your information, the car you drive, your driving record and figure out where you might be able to t get the best deal? >> that's a great point. that's the good news too, we basically demock consider democe insurance company. you go to the agent, directly to the company or there's sites like zebra, where you can actually do it your own with a few clicks and slides, maria and mark, it's pretty simple to compare those quotes. in the past, it was very opaque. it's much more transparent now. maria: all right. we will leave it there. dan, great stuff from you. thanks very much. we'll see you soon, dan. >> thanks, maria. see you guys. maria: quick break. walmart right at your door. the retailer's new self-driving delivery options making a buzz this morning. we're on it, when we come back. ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ so many people are

so economy is okay then you listen to people and ceos like expedia and wynn and kayak and all are saying that things are starting to improve, especially as travel restrictions are getting lifted in europe. so that's the good news. inflation, it's much higher. we got ppi, cpi, we know that. we heard from fed ex, they're having problems on the wage side, labor side, seasonal workers, having to spend more. and general mills is expecting 7 to 8% inflation for fiscal 2022. it's real, wages are up, rents are up all of this, i think if you package it together is telling you that growth is better but inflation is it higher, rates go higher, they're all interrelated and that's why you see the rotation in the market to cyclicals, reopen names and away from the nasdaq tech heavy names at this point. you're seeing it today. >> tiffany, are you staying away from tech as a result? >> i never stay away from tech but to that point we are seeing this rotation and definitely into cyclicals i think first when we're talking about this, it's important to understand the importance of the ten year and really w

thejudges said so today he has been found guilty, probably the judges said he should have known, he has a expedia is politician and lawyer, he should have known exact what was going on with the rest of his campaign being over budget by 20 million euros and therefore he was guilty of illegal party financing. we are waiting any minute now for the sentencing, the prosecution asked for the six—month jail term. that may come, if it does he will almost certainly appeal so he will almost certainly appeal so he would not be going to jail. do you think he may face jail eventually? how much does this all count more broadly in french politics? let's not forget nicolas sarkozy is already a convicted fellow, found guilty this year of corruption of a judge and a public at a political affair and he was sentenced to prison and that is pending an appeal. as long as the appeal hearing has not been matey will not go to prison, the same is likely to happen with this, if he is given a jail term he will appeal, and appeal trial in a year or two. for the time being nothing will happen. does it count for anything? yes