we're back in two. smarter than, with ge profile smarter wash technology. more care for your cashmere. more power for your workout gear. this is smarter sensing and dispensing. fully optimized cleaning, no more guessing. getting the best out of everything that goes in. ♪♪ this is smarter cleaning. this is ge profile. "puss in boots" has been nominated for best animated thi movie of the year.ng. ha! ha! and it takes the "shrek" franchise to exciting new places. i am on my last life. it will strike a chord with movie goers of all ages. when you only have one life, that's what makes it special. rated pg. only in theaters. >>> let's get a check on the broader markets, the major indices. the dow is up slightly about 49, 50 points. the s&p about exactly flat, and the nasdaq dn stowju fractionally tech check is back in a moment >>> welcome back let's turn now to chips. while cowen goes with applied materials. they've both got analysts and both with us this morning. joining us now to discuss, welcome to both of you let's start -- where are we going to start tel

this is laundry that's smarter than the dial, with ge profile smarter wash technology. more care for your cashmere. more power for your workout gear. this is smarter sensing and dispensing. fully optimized cleaning, no more guessing. getting the best out of everything that goes in. ♪♪ this is smarter cleaning. this is ge profile. >>> let's get a gut check on tesla. elon musk tweeting last night that he will make sure tesla shareholders benefit from twitter long-term. in the short-term, that's not been the case. the stock is down more than 60% from its all-time high last november it has continued to suffer as musk has focused on the social media company. shares have fallen more than 50% since he announced his intent to buy last april nearly 30% since he became chief twit in october. that said, it is a cheap time to buy. tesla's forward pe ratio dropping to 30 times earnings, that's the lowest ever, as you can see on that chart there. some still like it jonas over at morgan stanley has a $330 price target. he says he's excited about the cybertruck and the tesla semi.

this is laundry that's smarter than the dial, with ge profile smarter wash technology. more care for your cashmere. more power for your workout gear. this is smarter sensing and dispensing. fully optimized cleaning, no more guessing. getting the best out of everything that goes in. ♪♪ this is smarter cleaning. this is ge profile. you want to see something cool? xfinity rewards is how we go beyond saying thanks. so we're going to spread the joy this holiday season, the xfinity way. take your trusty sidekick to see puss in boots: the last wish what's a puss in boots? he is me. with buy-1-get-1 movie tickets, on us. in theaters now. join for free on the xfinity app. xfinity rewards. our thanks. your rewards. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only av

this is laundry that's smarter than the dial, with ge profile smarter wash technology. more care for your cashmere. more power for your workout gear. this is smarter sensing and dispensing. fully optimized cleaning, no more guessing. getting the best out of everything that goes in. ♪♪ this is smarter cleaning. this is ge profile. ♪ >>> let's turn now to another topic. take a look at airbnb. the best online travel stock for 2023, calling it a global leader in vacation rentals with an outperform rating. the analyst behind that call joins us now cowen managing director. kevin, thanks for joining us today. i understand that airbnb is the leader in vacation rentals how concerned are you about the macro overhang and recession affecting all travel next year >> the macro chrisk is very rea. and you can say that about almost any stock that being said, if we look past that, airbnb is the leader in an over $200 billion market and they've been resilient if you look at the numbers, they will be over 70% larger or 70% s they're going to be about 70% larger this year than they w

this is laundry that's smarter than the dial, with ge profile smarter wash technology. more care for your cashmere. more power for your workout gear. this is smarter sensing and dispensing. fully optimized cleaning, no more guessing. getting the best out of everything that goes in. ♪♪ this is smarter cleaning. this is ge profile. >>> let's get a gut check on amc. the box plunging after the company announced that $110 million capital raise converting its units into equity and that move to reduce the company's debt load by $100 million. amc announcing a stock split pending shareholder approval and shares now down 14%. with that move, the stock is back to right around where it was trading in 2020 like that meme stock phase, jon. it never happened. >> a couple of years in the making >> as new products come out, another bash have to fall by the wayside. the wall street journal will be here on how it will pan out and what that means for tech that's in just a moment. at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financia

this is laundry that's smarter than the dial, with ge profile smarter wash technology. more care for your cashmere. more power for your workout gear. this is smarter sensing and dispensing. fully optimized cleaning, no more guessing. getting the best out of everything that goes in. ♪♪ this is smarter cleaning. this is ge profile. - this is "the more you know" like you've never seen it before. - these are real talks... - real experiences... - used to spark real action. - join me and others... - as we get personal about making an impact. ♪ >>> let's get a check on tesla today. seeing a massive fall from grace. down nearly 40% in three weeks, losing more than half a trillion dollars in market value since the beginning of the quarter one person jumping ship has been elon musk saying he will not share any more shares until roughly 2025, but he did make similar shares in april. since then he sold $24 billion in stock and $39 billion since the peak in november of 2021 a lot of different discussions on that twitter space, john, about the economy, about fed hikes maybe bei

this is laundry that's smarter than the dial, with ge profile smarter wash technology. more care for your cashmere. more power for your workout gear. this is smarter sensing and dispensing. fully optimized cleaning, no more guessing. getting the best out of everything that goes in. ♪♪ this is smarter cleaning. this is ge profile. ugh, this rental car is so boring to drive. let's be honest. the rent-a-car industry is the definition of boring. and the reason can be found in the name itself. rent - a - car? you don't want a friend. you want the friend. you don't want a job. you want the job. the is always over a. that's why we don't offer a car. we offer the car. ( ♪♪ ) sixt. rent the car. at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. >>> i'm contessa brewer with your cnbc news update. home builder sentiment is down for the 12th straight month as higher mortgage rates and a weaker economy hi