comebacks, the consumer on fire more stimulus coming we'll speak to the president of north america at mastercard about whether online spending will continue at its spree-like pace global spac deal volumes for 2021 surging already surpassing all of 2020 in just three months greycroft's here to discuss the boom and womenfunded spac. "power lunch" starts right now >> welcome to "power lunch." i'm frank holland. the big story today as tyler mentioned, the nasdaq comeback as the momentum stocks coming back with a vengeance. pairing some of the losses over the last few months and let's take a look at the big movers. of course, you have tesla. those tesla shares up about 20% right now. doc docusign and peloton up 14% and even with a double digit gain like today, tesla still down from record highs. still down about 25% from those record highs something we have to continue to watch. it's currently right now adding 92 points to the ndx which would account for 17% of the tech-heavy index as gains and of course, as always, we're watching shares of gamestop up another 20% today the movement, gamestop continu

>> yeah, for visa and mastercard, the single most important thing is travel. prepandemic, the travel particularly into the international travel was almost 25% of their revenues, and that took a hard hit in 2020 of course. and so the most important driver over the next few quarters for them is exactly the rate and pace of borders reopening, and when people will get on the airplanes and start traveling again. wrap around that comes other spending, and entertainment spending, and luxury goods, and people want to buy the outfit or the handbag and all of that tends to be highly carded and often high use of the credit card which is all good of visa and mastercard. >> which processor or card issuer has the leverage to corporate spending, and how does that factor into the terms of viewing the players and how much they can benefit from the reopening? >> yeah, yeah. so american express has the most, you know, linkage to the corporate spending, and prepandemic, and even for them, it is a relatively smaller than you'd think in terms of how much is corporate, the me and so

visa and mastercard. you can look at one or the other. you know, my wife and i have been out to eat thursday i'm in texas, brian. we go to a mid level mexican restaurant and it was packed it was a 40-minute wait. the obvious trade was everybody there is plaaying with a visa or mastercard this is a nice trade out of the pandemic everybody from carnival cruise lines to theaters. texas is wide open new york and california, they are a big economy. they start to open up, a big ben effi bene beneficiary of that is mastercard or visa >> my wife and i went out to dinner on saturday night it took a while because everything was booked up we are still at 35% capacity not like you in texas. visa and mastercard and tesla. howard vance, thank you. we appreciate it have a great day >> thank you, brian. >>> all right. you're welcome to the other top business stories and headlines. bertha coombs has all that good morning, bertha good to see you. >> reporter: good morning, brian. we have new u.s. trade representative kathr thai says washington may be open

what's in the trade for mastercard, carter >> clearly you read the chart and i think your appraisal a is dead on. meaning, we know the stock has well defined range at 260 level and did break out almost 8% to close to 290 and now has pivoted back right to the tops as you said, a level of support, and a big bounce this week i like it long i add to longs >> all right and our next viewer asks this. tony, when you say, if the stock is below a dollar amount for a few days our thesis is wrong and we close the trade so how long is a, you know, x-number of days or what dollar loss or percentage-loss or something else do you then use to set the stops, excellent question, by the way >> yeah, i think it's a great question because when we enter a trade based on support or resistance level and that level is broken we consider the trade no longer valid. we usually need three to five days of trading history to infer that opportunity to cut losses and get out of the trade as far as setting stop losses go, we usually use a percentage to set our stop losses, in general rule of thumb to buy option at deb

what is in the trade for mastercard please? carter >> clearly you've read the chart, and i think your appraisal is dead on meaning we know the stock has a well-defined range at the 260 level. it broke up almost 8% to close to 290 and now has pivoted back right to the tops, as you cite them, a level of support and a big bounce this week i like it long i'd add to longs >> all right and our next viewer asks this. tony, when you say, if the stock is below a dollar amount for a few days, our these sis wrong and we close the trade how long is a, you know, x number of days or what doctor loss or percentage loss or something else do you then use to set the stops in the trade excellent question, by the way >> yeah, i think that's a great question because when we enter a trade based on a support or resistance level and that support or resistance level is broken, we consider the trade no longer valid we usually need about three to five days of trading history to be able to infer that opportunity to cut losses and get out of a trade as far

if you don't want to pay it don't use visa or mastercard. see how long you last. those fees were far in excess of any reasonable measure of cost and far higher than would have been charged in the competitive market but visa and mastercard still pursues the business market that businesses couldn't stay in business. last year they paid out 62.50 yen dollars in swipe these imposed by visa and mastercard. the fees incidentally they announced they are going up again next month just in time for your little restaurants that somehow managed to survive and reopen in the pandemic to go into heavy credit card company saying now you're even going to pay us more. all those costs are ultimately borne by consumers across america and i have seen by and large the power of visa and mastercard throughout this whole process. they introduced an amendment actually known as the durbin amendment which is either famous or infamous depending on your portfolio but it took a billion dollars out of swipe fees a year from wall street and they didn't forget. they are waiting for an opportunity

and one of the ways they had consistently marked cards was they created what they call a mastercard, which showed all the marks in a contrasting color they would use those when they marked a deck of cards. we have a fan deck here that shows where the marks on the cards. we also have edge work here. the card on the left, if you notice, has a pointed edge, which indicates that it is an ace. the card next to it has a slight bump on the design and that indicates it is a king. if you go down all of these cards and look at the marks, you have ace, king, queen, jack, 10. we have a card cutter here, which was a traditional knife for marking cards, that would shorten the side of a card. we also have a corner rounder. when you trim a card, the round edge is destroyed so you have to put a round corner back on the card. we have a number of different things, including one of the blue books from the kansas city card company. the issue of cheating in gaming was largely resolved beginning in the 1940's, when the state of nevada became more active in the control of gambling. and one of the issues the

so maybe they're not as smart as i thought. 128's your level quickly, take a look at mastercard it scares me a little bit. traded up to the levels we saw early august-september last year just something to keep in mind walmart at 128, i think the ric risk/reward is great >> so i'll talk walmart. i think the problem you have with walmart and a costco, two names that i actually do like, they're treated and traded like bond proxies so when you start to see bond prices roll over and yields rise, these stocks do the same thing. they roll over and they don't have -- you don't have pricing power what i mean by that is they can't raise prices they're known for low prices when their clientele is battling with high ergas prices, they get burned on each side of it. capri holdings has that. cpri, i'm still long incredible move and going higher >> all right don't get burned on this one few more minutes to vote head to our twitter poll @cnbc fastmoney. isui bakul aerhe restsft th qckre speedy but reliable. state-of-the-art but dependable. in other words, you want a hybrid. so do telcos. that's why they'

was they created what they call a mastercard which showed all the marks in a contrasting color that they would use when they marked a deck of cards. and they're we have a fan deck here that shows where the marks. the card we also have edge work here. the card on the left if you notice has appointed edge edge which indicates that's an ace. the card next to it has a slight bump. on the design by the upper left hand corner and that indicates it's the king. so if you actually go down all these cards and look at the marks you have ace king queen jack ten. we have a card cutter here, which is was a traditional device for marking cards shortening the side of the card. and we also have a corner rounder because once you trim a card the round edge of the card. is destroyed so you have to put a round corner back on the card? we have a number of different things including one of the last 1961 blue books from the kansas city card company. the issue of cheating and gaming was largely resolved beginning in the 1940s. when the state of nevada became much more active in the control of gambling. and one o

fotografíasmás personas continúan utilizando internet para realizar todo tipo de compras según la compañía mastercard el mes pasado casi el 75% de todas las ventas de ropa se hizo en línea la que los consumidores siguen cambiando sus hábitos de compra un ejecutivo dice que las ventas aumentaron casi el 50% comparado con la baja del 5% al de forma general la venta de joyas en el vertedero aumentó en un 63% la empresa (nombre extranjero) espera que la tendencia mejore mientras la economía siga abriendo puede sonar como que no es el tiempo para inaugurar un gimnasio pero es eso lo que precisamente ocurre en san francisco le comento que se llama (nombre extranjero) y ofrece una reinvención de ejercicios dejaran atrás las pesas para incorporar hasta clases de ciclismo usaran dispositivos de alta tecnología para ofrecer más seguridad contra coronavirus así atraer a más clientes la compañía nombre extranjero trabajará de forma remota envió a todos sus empleados a trabajar desde casa ahora decidió vender el edificio donde estaban las oficinas centrales en la ciudad de san francisco el valor de

about the s&p 500, and the top ten stocks, but let's talk about the next ten stocks let's talk about mastercard, visa, bank of america, home depot, they only make up 7.5% of the s&p 500 but those names will carry the baton forward. >> and we're watching the fedex, home depot, mastercards of the world. you've been spot on ahead of this trend as well we know that from this program and others we appreciate the guidance, buddy. we look forward to selling that helmet behind you in about 50 years, we'll retire on it. thank you. >> thank you >>> that does it for us on "worldwide exchange. nasdaq futures are down more than 200 "squawk" and the gang will pick up the coverage. i'll see you tomorrow. have a fantastic monday wherever you may be how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... uh-oh, sorry... oh... what? i'm an emu! no, buddy! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ four, five, turn, kick. we got chased by these wild coyotes! they were following her because she had b

as you think about this -- i was speaking to an analyst talking about pay balance, square, and mastercard i asked her about american express. she says that she and american express don't believe that corporate travel will actually come back fully for several years, several -- which implies some sort of valuation discount is deserved for american express, at least in the short term until that period which travel comes back, if it ever will come back down the line at this point, are we sort of pricing in a full return to normal when we shouldn't be in some cases >> i think that's a great point. we know business travel in terms of the margins for airlines, that's such a huge component of it i didn't hear the interview. i'm sorry i missed it. but a few years, if at all, i would add to that. we've learned that maybe you don't need the business travel that we needed a few years ago companies have learned you can do more in this environment than you've been able to do in the past so one has to wonder if it's going to come back too peak levels i think american express may be able to be off set in

if you don't want to pay it don't use visa or mastercard see how long you last those fees were far and excessive any reasonable measure of cost. and far higher than they would have been charged in a xettive market but visa and magser card so dominant payments market that merchants couldn't stand business without using their cards. last year, american retailers and merchants paid out a staggering 62 and a half billion dollars and swipe fees and imposedut by visa and mastercar. and fees disngtly they announced are going up again next month in time for your little restaurant that somehow managed to survives and reopen in a pandemic to go into business and have your credit card companies saying now you're going pay us even more all of thosese cost are ultimaty born by consumers across seamerica, and i have seen by ad large the power of visa and mastercard throughout this whole process. durbin amendment and it took 8 billion dollars out of swipe fees, a year from wall street, and they didn't forget they're waiting for an opportunity to get even again. where is the policing authority to stop

how about visa and mastercard and the spending profile there i think that's a place to be very excited if you're a consumer i would just go back to walmart and best buy i'm longw walmart they're in a new e-commerce environment and with new stimulus checks going in, best buy, how many people walked in and bought an apple product or new computer they'll continue to do that. >> visa and mastercard, that's how consumers will spend how will they look to find things to spend on, guy? they're probably going to go to their google machines and use google that's often forgotten in terms of a reopening trade, so to speak, because a lot of the searches are tied to travel. in that respect there is the sort of reopening bounce associated with a google and its parent company alphabet. >> it's interesting, i'm sure people daoyou fo do that, back e day we used to highlight i like going to stores and seeing things, the tactile sensation of actually touching a couch at a restoration hardware or looking at one of the dutch ovens in williams sonoma which oh, by the way, both made new all time highs today t

i love mastercard. i love square. we're not in hco anymore. in bc, brunswick. they sold all the bowling alleys. they're big on boats. the other part, media remains perplexed on individual investor. bitcoin, cryptocurrency, even microcap stocks. fdn index is through the roof. here is what really is amazing. these popular names like gamestop, fixated some of the establishment. i think people are missing, you just brought up some of these names, apple, general motors, disney. these are also names that the reddit crowd likes. to see it seems it is pointing to a maturation process among the new traders. i like it. what do you think? >> charms, i agree with you. there are a lot of first time investors. robinhood in early march they had 13 million investor. today it is over 20 million. there is a lot of new investors out there. the quality of investing is getting better. saw your interview with dave portnoy, ford is number one holding of that. not exactly going for the bottom feeder names. they're looking for deep value. it is another name we hear a lot of of the redd

last year merchants paid out 62.$5 billion of swipe fees imposed by visa and mastercard incidentally they are going up again next month just-in-time for your little restaurant that managed to survive and reopen in a pandemic now you will pay us c more. that cost is borne by consumers across america and i have seen the power of visa and mastercard throughout the process. the durbin amendment is infamouso that taking $8 billion out of swipe fees per year from wall street they did not forget. there waiting for an opportunity to get even again. wears the policing authority to stopme the duopoly to do this to every merchant retailer in america? i don't see it. i had lunch with the judge posed are in chicago we talked about a number of things. he was appointed toee a case involving microsoft at the time. he is a very smart man and has since retired from the bench and controversial in some circles. understand the complexity of the issues i cannot imagine a jury grasping that we are talking about. when it comes to the old ultimate arbiter of these issues so complex and the nature that they a

you have somebody like uber, lyft who they are allowing to take visa, mastercard, and now you're picking winners and losers we're all about the free market and this is something we're pushing for and, you know, for us it is all about fairness. >> representative cobb, have you heard from apple and google and some tech lobbyists? are they still smiling or is it starting to get a little bit tough in the trenches? >> well, i took this on about a week and a half ago and i tell you a lot of pressure happened over the first weekend that i had this yes, i heard a lot from the lobbyists, and they were putting a lot of pressure on once they put too much pressure on i think they saw that it was back firing on them and they decided to back off a little bit. then the executives decided to meet with me i met with them last week and they started changing their lobbying tactics a little bit but, yeah. they've contacted me several times. i've had several meetings with them trying to come up with something that possibly is a medium between the two things, what they want and what i want. and it hasn't happ

like mastercard, for instance. visa we talked about that last time i was on these are the -- this is the direction that money is really flowing, and the tide is really becoming more disruptive against the money center banks this may be a short trade, but we think the longer term play and investment would be into companies like a paypal. companies like square. mastercard these are the companies that we think the tide is really turning toward as we look at disrupting the money center banks >> all right tony dwyer is going to be on fast money tonight at 5:00 i'm filling in i'm going to talk to tony at 5:00 tonight i look forward to that really drilling down on what his call is. but the bottom line then is you can't buy tech stocks. because if you think that you can't buy many tech stocks if you think that interest rates are going to continue to go up, those stocks are going to continue to be hurt. i mean, like binary at this point. rates up, tech down. is it just that simple >> i think it has been that simple i don't

it has mastercard, we give the money from the public in myanmar, taxpayer, they bought weapons and they attack the people now. so the protector becomes attackers, so there are nearly 5a million people in myanmar, and the world is watching without reacting. what we need now is actions not statements. because we need to take actions on these traitors because what they are doing is from one city to one city in myanmar, and after one village to one village, this military regime has been behaving like this for the last seven decades.- the last seven decades. when ou sa the last seven decades. when you say you — the last seven decades. when you say you want _ the last seven decades. when you say you want to _ the last seven decades. when you say you want to see - the last seven decades. when | you say you want to see action from the international community, specifically, what are you looking for? they had spoken about sanctions in the united states and europe. what other action do you think is necessary? it other action do you think is necessary?— necessary? it has to be coordinated _ nec

resting on top of former reference or a head and shoulders pattern is forming what is in the trade for mastercard, please carter >> clearly, you've read the chart and i think your appraisal is dead-on meaning we know the stock has a well-defined range at the 260 level. we know it did break out, almost 8%, to close to 290, and now has peeled back, right to the tops, as you site them on level of support and a big bounce this week i like it long i'd add to longs >> all right an our next viewer asks this tony, when you say if the stock is below a dollar amount for a few days, our thesis is wrong and we close the trade so how long is a, you know, x number of days, or what dollar loss, or percentage loss, or maybe something else do you then use to set the stops in the trade. excellent question by the way. >> yes, i think that's a great question, because when we enter a trade based on the support or resistance level, and that support or resistance level is broken, we consider the trade no longer valid, we usually need about three to five days of trading history to be able to, to infer that, that opportu

it's the kind of thing where when you see what's driving this and there are some big announcements the mastercard announcement that christine mentioned ago a big one tesla coming in and buying up what 1.5 $1000000000.00 in big one that's a big announcement that always drives the price up because it spikes in the market the bigger story is what you lead off with go in from last march at 4700 dollars according to today at $48000.00 a coin that is such an unbelievable amount of growth within this space but the truth is we're talking about tipping points the tipping point was back in 20122013 when they began to receive adoption as a real payment. and currency even though i know technically it's not a currency according to the i.r.s. and according to the f.c.c. that's that's where the tipping point began so christie is absolutely right there are better options out there in terms of a digital coins and crypto currencies in terms of the speed of transactions and being more efficient all of that is absolutely true the tipping point though is the recollection and the recognition by people around the world

it's the kind of thing where when you see what's driving this and there are some big announcements the mastercard announcement that christie mentioned ago a big one tesla coming in and buying up what $1500000000.00 in big wind that's a big announcement that always drives the price up because the spikes in the market the bigger story is what you led off with going from last march at $4700.00 a coin to today at $48000.00 a coin that is such an unbelievable amount of growth within this space but the truth is we're talking about tipping points the tipping point was back in 20122013 when they began to receive adoption as a real payment. and currency even though i know technically it's not a currency according to the i.r.s. and according to the f.c.c. that's that's where the tipping point began so christie is absolutely right there are better options out there in terms of digital coins and crypto currencies in terms of the speed of transactions and being more efficient all of that is absolutely true the tipping point though is the recollection and the recognition by people around the world that there i

it's the kind of thing where when you see what's driving this and there are some big announcements the mastercard announcement that christie mentioned ago a big one tesla coming in and buying up what 1.5 $1000000000.00 in big wind that's a big announcement that always drives the price up because it spikes in the market the bigger story is what you lead off with go in from last march at 4700 dollars a coin to today at $48000.00 a coin that is such an unbelievable amount of growth within this space but the truth is we're talking about tipping points the tipping point was back in 20122013 when they began to receive adoption as a real payment. and currency even though i know technically it's not a currency according to the i.r.s. and according to the f.c.c. that's that's where the tipping point began so christie is absolutely right there are better options out there in terms of digital coins and crypto currencies in terms of the speed of transactions and being more efficient all of that is absolutely true the tipping point though is the recollection and the recognition by people around the world that

it's the kind of thing where when you see what's driving this and there are some big announcements the mastercard announcement that christie mentioned ago a big one tesla coming in and buying up what 1.5 $1000000000.00 and big point that's a big announcement that always drives the price up because the spikes in the market the bigger story is what you led off with go in from last.

it's the kind of thing where when you see what's driving this and there are some big announcements the mastercard announcement that christie mentioned ago a big one tesla coming in and buying up what 1.5 $1000000000.00 in big when that's a big announcement that always drives the price of because of spikes in the market the bigger story is what you led off with going from last march at $4700.00 a coin to today at $48000.00 a coin that is such an unbelievable amount of growth within this space but the truth is we're talking about tipping points the tipping point was back in 20122013 when they began to receive adoption as a real payment. and currency even though i know technically it's not a currency according to the i.r.s. and according to the f.c.c. that's that's where the tipping point began so christie is absolutely right there are better options out there in terms of a digital coins and crypto currencies in terms of the speed of transactions and being more efficient all of that is absolutely true the tipping point though is the recollection and the recognition by people around the world that th

it's the kind of thing where when you see what's driving this and there are some big announcements the mastercard announcement that christie mentioned ago a big one tesla coming in and buying up what $1500000000.00 in big wind that's a big announcement that always drives the price of because of spikes in the market the bigger story is what you led off with go in from last march at $4700.00 a coin to today at $48000.00 a coin that is such an unbelievable amount of growth within this space but the truth is we're talking about tipping points the tipping point was back in 20122013 when they began to receive adoption as a real payment. and currency even though i know technically it's not a currency according to the i.r.s. and according to the f.c.c. that's that's where the tipping point began so christie is absolutely right there are better options out there in terms of a digital coins and crypto currencies in terms of the speed of transactions and being more efficient all of that is absolutely true the tipping point though is the recollection and the recognition by people around the world that there

bitcoin in circulation has exceeded one trillion dollars for the 2nd time this year new york mellon bank mastercard and other big financial companies have ventured into cryptocurrency il on musk's tesla car manufacturer boss around $1500000000.00 in bitcoin and excepts payments in the virtual currency other smaller digital currencies are also getting a boost prices for the theory i'm light coin and stella have also soared this year . ok let's get going let's bring in our guests in new york we have john biggs editor of gives moto a technology web site in london we have glenn goodman author of the crypto trader and in liverpool we have gavin brown a senior lecturer in financial technology at the university of liverpool gentlemen welcome to you all glen in london coming to you 1st why is there no stopping bitcoin bitcoin has been on a roll now pretty much since it was invented you know the trajectory has been upward and every few years the price in particular has a stumble and a major stumble or that in fact every single time there's a dip it kind of gets to the point where a lot of people even in the

bitcoin in circulation has exceeded one trillion dollars for the 2nd time this year new york mellon bank mastercard and other big financial companies have ventured into cryptocurrency il on musk's tesla car manufacturer boss around $1500000000.00 in bitcoin and excepts payments in the virtual currency other smaller digital currency is also getting a boost prices for a theory i'm light coin and stella have also soared this year. ok let's get going let's bring in our guests in new york we have john biggs editor of gizmodo a technology web site in london we have glen goodman author of the crypto trader and in liverpool we have gavin brown a senior lecturer in financial technology at the university of liverpool gentlemen welcome to you all glen in london coming to you 1st why is there no stopping bitcoin bitcoin has been on a roll now pretty much since it was invented you know the trajectory has been upward and every few years the price in particular has a stumble and a major stumble or that in fact every single time there's a dip it kind of gets to the point where a lot of people even in the industry

bitcoin in circulation has exceeded one trillion dollars for the 2nd time this year new york mellon bank mastercard and other big financial companies have ventured into cryptocurrency il on musk's tesla car manufacturer boss around $1500000000.00 in bitcoin and excepts payments in the virtual currency other smaller digital currencies are also getting a boost prices for a theory i'm light coin and stella have also soared this year. ok let's get going let's bring in our guests in new york we have john biggs a disservice moto a technology website in london we have glenn goodman author of the crypto traitor and in liverpool we have gavin brown a senior lecturer in financial technology at the university of liverpool gentlemen welcome to you all glen in london coming to you 1st why is there no stopping bitcoin bitcoin has been on a roll now pretty much since it was invented you know the trajectory has been upward and every few years the price in particular has a stumble and a major stumble or that in fact every single time there's a dip it kind of gets to the point where a lot of people even in the indus

bitcoin in circulation has exceeded one trillion dollars for the 2nd time this year new york mellon bank mastercard and other big financial companies have ventured into cryptocurrency il on musk's tesla car manufacturer boss around $1500000000.00 in bitcoin and excepts payments in the virtual currency other smaller digital currencies are also getting a boost prices for a theory i'm light coin and stella have also soared this year. ok let's get going let's bring in our guests in new york we have john biggs editor of gives moto a technology web site in london we have glenn goodman author of the crypto trader and in liverpool we have gavin brown a senior lecturer in financial technology at the university of liverpool gentlemen welcome to you all glen in london coming to you 1st why is there no stopping bitcoin bitcoin has been on a roll now pretty much since it was invented you know the trajectory has been upward and every few years the price in particular has a stumble and a major stumble or that in fact every single time there's a dip it kind of gets to the point where a lot of people even in the in

and eventually, because paypal charges the same for the merchant, but it doesn't have to pay visa, mastercard or the banks it may increase their margin if people don't use it and they don't have to pay the interchange. you look at paypal in the latest news today, the news yesterday from visa -- i realize that's not bitcoin, but a u.s. dollar-pegged coin there, but in general, looking around the payments ecosystem right now, is it safe to say we're at an inflection point in terms of greater adoptions as an actual use of value >> 100%. it's become -- i wouldn't say -- it brings bitcoin one step closer to becoming main street it's not just store value, but value you can use in a store, right? it becomes that change, that's like the big thing, and you're seeing that in the price of bitcoin. you have a lot of people betting on bitcoin, and we hosted cathie wood a couple weeks ago and she's talking about it like becoming mainstream. that prophecy is being fulfilled over time. we're suing that come to fruition over time. >> a lot of the bit counsel news, the income it would likely have on a square,

this is a world mastercard that gives you orders from wineries, at bars and restaurants. it is redeemed for more wine and there is a free. jillian: i would have the most points. benjamin: how much do you have to drink? >> a lot. benjamin: challenge accepted. >> what else do we have to do. jillian: thank you. benjamin: 52 minutes after the hour. 200 academics across the political spectrum standing up for free speech, the push to get universities to allow all ideas to be heard coming up next. ♪♪ freedom ♪♪ freedom ♪♪ freedom ♪♪ freedom ♪♪ freedom ♪ (angelic choir) ♪ and here's mine! ♪ ♪ >> good morning, welcome back. nearly 200 academics from across the political spectrum are banning together to defend free speech for america's educators. >> now calling themselves the academic freedom ashrines, and -- alliance, and dr. carol swain joins us now to explain more about the group's mission. thank you for being with us this morning. what did you see that led you to set up this group? >> well, in this cancel culture, more and more we find faculty member

short-term, the reopening trade has momentum we play that with visa or mastercard. >> victoria fernandez, thank you. >>> now to the other top stories. mississippi is the second state to open covid vaccinations to all adults starting today. the state following in alaska which made that move last week michigan and connecticut will start dropping restrictions next week the callfor president biden to do so by may 1st >>> members of the family at the center of the opioid crisis is offering to settle lawsuits. sackler family is offering $4.3 billion to settle litigation up from $3 billion from what was proposed >>> the trading platform etoro is planning to go public via merger with spac the firm is led by betsy cohen's corporations shares are surging on the report the deal which could be announced today, will value the combined company at $10 billion. >>> back to the developing story on the vaccine rollout over in europe 14 countries, including germany, france and spain suspended the oxford university astrazeneca vaccine over fears of blood clots. fears including the w.h.o. say there is no lin

at&t, microsoft, home depot, mastercard, bank of new york mellon corp. are all in some way investing in or featuring a lot of bitcoin as a strategy going forward. just how big does this get, what are the implications? john layfield following the action -- follow the action podcast host and founder. susan li as well. this is the first time a big car entity is saying that $1.5 billion we invested in bitcoin, you could buy a car with that. now the, my confusion with that is since this changes so quickly, the price in the morning could be dramatically different in the afternoonment so i'm -- in the afternoon. i'm just wondering how all that goes. >> well, a lot of people have a lot of questions, and they're wondering what exactly is elon musk, tesla's strategy, but starting today you can buy tesla cars and later on internationally you can use it to buy tesla cars, and that the adds that $1.5 billion bitcoin purchase later this year. it's pretty clear that the techno king and tesla do think bitcoin prices will appreciate from here. but, you know, you can't re

mastercard we see unusual activity in this name i bought it during the show. obviously some of those stimulus dollars are going to be pouring through the plastic card. >> all right josh brown >> people are finding out it is difficult to actually mass produce electric vehicles and the money continues to gravitate to the company that can, which is general motors. staying long in all right. good stuff thank you. the exchange is now. >>> and the exchange does begin right now. i'm brian sullivan in once again. thank you, everybody, the welcome. the tech treasury battle continues. investors fleeing my valuation names as bonds jump a lot. who will win this war that has trillions of dollars on the line baseball, money bull, and bitcoin. the oakland a's will take crypto as payment why? >>> kohl's is telling shareholders who tell them to reconfigure to hit the road. >>> good news on coronavirus and vaccinations >>> let's begin as always with your money as rates rise they continue to pressure some technology stocks. >> you can see the underperformance is still happening

comebacks, the consumer on fire more stimulus coming we'll speak to the president of north america at mastercard about whet

we got paypal, we've got mastercard integrating. it's one of where that technology is changing, playing a critical role in making those changes for the question is a with a bank that understands the future and where were going or you're with one of the banks that might that might be left in the dust? stiff or are they scared it or just not understand? what is driving this sort of institutional hesitancy? >> i cannot say for them if it is a fair based statement or if the banks to have a track record of this. j.p. morgan did a live is for jamie dimon is saying bitcoin bad compasses all bad about the same time his firm was investing more money in developing technology around bitcoin's technology than any other bank in the world. they do have a habit of saying one thing while doing another. so i cannot say for certain what's going on the bank of america. what i can say is every time someone has provided financial advice historically, they have been wrong and at the expense of the people that been advising and time will tell bank of amer

some of them are sort of fringe financial, mastercard, sees visa, etc., that are saying, you know what? this is an evolving opportunity. tesla, square, robinhood, morgan stanley, fidelity, they're all dipping their toe or full blown calf into this opportunity here. where do we stand when it comes to the sec looking at cryptocurrency, regulating it and so forth? >> well, where we stand is we'd be in a much better place if the sec were in that list of entities that you just mentioned. we are, we're not being as forward-thinking as we should be when it comes to regulating crypto. we obviously only have a small piece of the regulatory puzzle when it comes to crypto, but we've been quite slow. it's an opportunity, i would say, for us to do better in the future, to try to be a bit more forward thinking and provide some more guidance so that entities within our space feel more comfortable dipping their toes into crypto. liz: i can see why they call you crypto mom, you have an unusual understanding and belief that it is something that is truly the way of the future. which brings me to coinbase

jpmorgan, paypal, bny mellon, mastercard, visa, tesla, blackrock, they are all cozying up to crypto. beyond the currencies themselves though, we now have a very crowded ipo pipeline. we bring in charlie gasparino and the crypto-trading platform which just made a deal to go public via spac, valuing the company at nearly $10 billion. yoni, welcome. the spac that you're merging with, let's get the details right now first. >> sure. we announced the business collaboration together the cohen group and betsy cohen, the chairman of fin-tech 5 now and are very excited about partnering with them to take us to the next step of growth of etoro. liz: charlie, you know, she's very involved in spacs. go ahead, charlie. >> yeah. yoni, i found it fascinating that one of your investors, and maybe i'm reading this wrong, is the activist hedge fund run by dan loeb, third point? is that accurate? >> we've had an immense interest in the prior transaction to the spac. we had great investors, fidelity, wellington the, soft bank, ing as well as dan loeb from third point. >> but they're a little different tha

mastercard we see unusual activity in this name i bought it during the show. obviously some of those stimulus dollars are going to be pouring through the plastic card. >> all right josh brown >> people are finding out it is difficult to actually mass produce electric vehicles and the money continues to gravitate to the company that can, which is general motors. staying long in all right. good stuff thank you. the exchange is now. >>> and the exchange does begin right now. i'm brian sullivan in once again. thank you, everybody, the welcome. the tech treasury battle continues. investors fleeing my valuation names as bonds jump a lot. who will win this war that has trillions of dollars on the line baseball, money bull, and bitcoin. the oakland a's will take crypto as

and i'm looking for the heavy lifting to be moving forward for the top 11 to 20, so look at intel, mastercard, visa, and they make up 7.5 of the overall index, and those names wraez looking at the rotation change, and that is going to propel pus higher to 4,000 of the s 5. &p00 >> thank you, gentlemen. we will do final trades after this quick break. all the things, all around you where you learn, work, and fly we help make them healthier. we are the people of abm. for more than 100 years, we've been a leader in making spaces cleaner, from the things you touch to the air you breathe. today, more than 100,000 of us are innovating to ensure spaces are more efficient, healthier and safer. abm. making spaces healthier for you. this is decision tech. find a stock based on your interests spaces are more efficient, healthier and safer. or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ it all starts with an invitation... ...to experience lexus.

from the end of december indicated that melvin's largest long holdings including expedia, facebook and mastercard, and that filing noted that confidential information had been omitted and filed separately with the s.e.c. managers can request this type of treatment if they believe it would impact their portfolio, frank. >> interesting here. a big turn around from january to february, 20% obviously a great gain so have they changed their short squeeze strategy or their shorting strategy at all >> so bloomberg has reported that they have, that they've actually taken smaller positions, tried to really limit their risk exposure from a short standpoint they obviously have thrown in the towel at least as of january on their gamestop position it's unclear whether they have reentered that position since january, since they came on the record saying that they were -- they have decided to close that position, and then they've also kind of changed the way that they plan on disclosing things this is also according to the bloomberg story that they don't want to necessarily be listing their put position or bear

random and interesting, and very good for names like mastercard, visa and american express. >>> the cdc out with some new guidelines yesterday morning chief among them, vaccinated people are now allowed to congregate indoors without masks, with other vaccinated people or close family members but even one year into the pandemic and with 18% of the people with one dose of a covid vaccine, cdc is still recommending people avoid unnecessary air travel, something airline industry groups are pushing back on in a statement, airlines for america insist being on board a plane, poses a low risk of coronavirus infections because of heavily filtered air and federally mandated mask wearing. joining us on this and more, former spirit airlines ceo, ben baldanza it's good to have you on this has, unfortunately like everything else, become a political topic. as our viewers know, and i have flown a ton, okay, because i'm covering stories out there around the vaccines, and i wanted to see them for myself firsthand, good mask, hand wash, i tend not to eat if they even offer anything on the planes do you fe

you look at the growth stories and they'll be around those free cash flow, companies like oracle and mastercard, for instance, and so that makes up the bulk of our portfolios anywhere from 40% to 60%, but then we have what you call the infrastructure companies and these are the companies that have been doing eel really well during this period and they could be 10% to 30% of your portfolio. so these are companies like illinois tool works or quanta. so you want to look at your portfolio as many different members and you want to break it up into those three groups and if you do that, you can take these periods of declining disruptive stocks because you have the infrastructure stocks that will hold up the performance of your portfolio. >> i'm getting inquiries from friends and otherwise people who were just interested in the market currently on whether, you know, whether we think there's going to be more carnage ahead in a lot of these names. it goes to the heart of the conversation, at least part of it that ihad on cnbc pro of john rogers of verio and we played that for you yesterday and we have a

(gasps) oh, yay, a new mastercard! uh-oh. what? i was going to get my mail. okay. are... are you hoping to get it telepathically? i think you mean telekinetically. and no. i just wasn't sure of the proper protocol now that you and leonard are no longer having coitus. god, can we please just say "no longer seeing each other"? well, we could if it were true. but as you live in the same building, you see each other all the time. the variable which has changed is the coitus. okay, here's the protocol: you and i are still friends, and you stop saying "coitus." good, good. i'm glad we're still friends. really? oh, yes. it was a lot of work to accommodate you in my life. i'd hate for that effort to have been in vain. right. just to be clear, do i have to stop saying "coitus" with everyone or just you? everyone. harsh terms. but all right-- i'll just substitute "intercourse." great. or "fornication." yeah. but that has judgmental overtones, so i'll hold that in reserve. so, how you been? well, my existence is a continuum, so i've been what i am at each point in the implied

trends what i have been trying to do is look at some of these areas, sort of avoid the reets, look at mastercard, the banks, things like cme that should benefit from rotational changes in the market. >> finally, a name that is new to me, it sound like something you might put in your dryer but it's not, apparently, it's a global engineering and manufacturing company, fabrinet. >> so here is another example. we have lived through this feb for a year it's very clear people are going to continue working from home. one of the shortfalls has been band width, fabrinet has equipment and products in place to alleviate some of the band width issues as they put the fiberoptics in place, and perhaps bridge fiber to the home for a lot of people. stocks like fabrinet looks like this nice base on base, starting to make higher in here, and i would just mention to you as you create this balanced portfolio, some offense in here, and also think about some of the defensive names. look at stocks like altria, great downturn reversal with a great dividend yield for individuals watching this morning looking for income

. >>> samsung and mastercard are joining forces to create a biometric credit card. it will include a built in fingerprint scanner and several baked in chips. the idea is to increase security and decrease physical contact points. >>> this morning, there is an increase in summer vacation bookings. doctors say with proper safety precautions it is okay to get away. the top trip choice is camping, but you better book a spot fast. more than 50 million americans are expected to hit the road, put up a tent or take a trip in their rv this summer. according to outdoor reservation service pitch up, bookings for 2021 are up 39% compared to 2020. >> people are ready to get out, ready to get some fresh air, ready to feel safe. and one of the reasons i think camping is so popular is it is very safe activity, particularly from developed campground, national park. >> experts say if you're looking for a memorial day weekend spot, you may already be out of luck. they say if you want to go summer camping, then you need to plan right now. >>> a trippi optical illusion in sydney, austral

mountain high enough" cover, the oscar and grammy winner performer first previewed it in february in a mastercard commercial showing support of women black-owned businesses. hudson is set to portray aretha franklin in "r-e-s-p-e-c-t" which franklin personally selected her to star in. i can't think of a better person. >> perfect. >>> new music from justin bieber. the musician releasing "hold on" along with a music video where we see him rob a bank to save his love interest. touching, it comes from his upcoming sixth studio album "justice" opening up ahead of the premiere saying the song is a hopeful record of holding on because a lot of us want to give up at times. there's a lot to look forward to. there's a lot we can't control sometimes but there's always hope. such a timely message. "justice" drops march 19th. >>> they say don't meet your heros or idols. zaya wade may disagree. the daughter of dwyane wade sat down with michigan obama. the daughter of nba star dwyane wade skipping class to interview the former first lady. take a listen. >> well, hey. >> hi. >> good for you. >> good. i'm so nervo

we've even heard mastercard, visa, paypal say that it's okay for their clients to hold the currency, meaning this could be phased into operations as well. and there's a limited supply, robyn. this is very important. because there's 21 million apparently that have been mined. there's not a lot of transparency in this space. but 18.6 million in circulation. and the reason this was an important weekend, it crossed in terms of market cap all that currency that's out there and being held over a trillion dollars. and you say what's the match-up here with the u.s. dollar? extraordinarily so. it's half the rate of the u.s. currency circulating around the world. so it's come a long way in a very fast period of time. then it raises the question if there's unlimited supply that's out in the marketplace, say, 21 million eventually that can come out of bitcoin, the attention will shift to those other 10 that are trading pretty widely right now and 4,000 that have been in circulation. so we do expect a shakeout, and you have to raise the question as well, will they ever mine more bitcoin? again, w

but i think if you're looking for exposure to the trade, visa or mastercard, we own them both. consumer is strong, stimulus checks are coming. we think these are two great plays for your portfolio. charles: victoria, always appreciate your -- our conversations. see you again real soon. liz claman, we are trending higher which means the last hour could be a blockbuster. of. liz: four records already with four off the five major indices, so meandering is fine. any gain means a record, if you're a bull, certainly. thank you so much for joining us. are stocks beginning to lose their cool factor to crypto? the dow and the s&p, yes, hitting new records right now, so is the russell and the transports, but it's bitcoin's earlier march past $61,000 and the crypto art market that has investors diverting their focus away from plain vanilla equities. can stocks compete with the allure of the new, the names that our traders say can go toe to toe a