vimarsana.com

Anticipated ipos cnbc confirms that doordash and airbnb is expected to release the valuations in the upcoming s1 amendments and particularly door dash seems to be employing a technique that weve seen before from epic in doing this ipo pricing process and also getting quite bate of interest because of the pandemic right with so many more options like a three main options on the table now to go public, its interesting that door dash is forging its own way, elements of the traditional ipo with an auction process. Carl and jon, what is interesting about these two ipos, they were talking about this earlier, i heard leslie say something, benefitting in different ways from the pandemic also the strategy. They went to local smaller markets, particularly doordash going to the suburbs but, carl, you see airbnb, there were not many options to go to hotels or get great lodging in the smaller places thats all people want to do now. The they want to avoid the big cities and go, you know, outside of the major ma trop lists the doordash proved that can be profitable going to the suburbs. Something that uber has sort of done the opposite. Theyve been going into big cities thats what the post mates acquisition is all about getting more market share in the bigger places. It is interesting to see how unvestors respond to that if you see more businesses coming out of tech focusing on the smaller markets. Well find out more about slack tomorrow night according to faber if we get that news after the bell and the market is trying to figure out what are things worth once you strip out the dynamics of a pandemic that we hope is over soon. You mention slack that is big news at the end of last week that sales force was looking at slack as a potential acquisition target fits in very nicely with a theme of ours this week, cloud week. Of course, amazon reinvent is this week. Its a very different. Its going to kick off this week. Actually the three weeks its a free event. It is aws. The biggest event of the year. Of course, diedra, it is the biggest cloud player out there we cant forget earnings as well we have a big one after the bell, carl that is zoom last quarter reporting Revenue Growth of more than 300 that expected once again so well see if the work from home darlings are knocked down a little bit since september as weve seen that rotation to value. Well see how investors respond to zooms results. Yeah. Were going to do a deeper dive into zoom later on in the hour in the meantime, back to the original topic doordash and airbnb, well start there with our first guest kara swisher to start out the week how is it going its great to see you all right. So what do you think the valuations that were talking on airbnb and doordash say where we are in terms of the market. I think there is not a lot to buy. These are promising companies. I say airbnb much more so than doordash well see how those trends continue but i do think airbnb really changed its business in response to the pandemic and then very well positioned coming out of the pandemic as Hotel Companies really are going to struggle for a long time. And they can shift as you have seen in this pandemic. Theyre taking the money they can. There is eye little spac influence. Why not get as much money as possible and not leave it on the table for investors . I think that is the right way to go so why not just price it at a very high rate theyre trying to avoid that pop, i guess it is nonsense for companies to do that. Its not good for the companies or employees or shareholders themselves yeah. You talk about a little bit of spac influence sort of raises some eyebrows especially this morning in light of what nikola shares are doing. How much of that is a liability in the short to medium term . I think it depends on the fundamental business its a question of whether they should be going public and the market is just speaking about what they think things are worth, right, at this moment in time and the question is do you believe in a company like doordash for the future . Will the Delivery Business continue to be booming you know, when that vaccine comes into play in the summer and late fall . And then the question is whether airbnb has a really strong position coming out of the pandemic which i think they do thats what people are valuing them on. I it this numbers are not out of line it is a small amount of revenue. I think airbnb is 4. 7 billion in 2019 and doordash is 1. 8 billion these are small revenue figures for the valuations is. Kara, its interesting looking at door dash and the s1. I think about how straight forward they are about what they are. Unlike, ay, gopro which tried to make this media company, you know, claim as it went public or even uber with the whole flying Transportation Company thing and then the automated, you know, selfdriving cars. Door dash seems to be very focused on what it actually does do you think thats going to be enough for investors do you think that theyre going to dig down and see the data and Technology Side of this business i dont know. Its a delivery service. I think restaurants are certainly on their back feet, you know, during this pandemic the question is whether these relationships will continue going forward. Whether consumers will continue to do delivery i think im going to stop doing delivery for the rest of my life after this you know i dont know i dont know where the trends are. And then i dont know where they pivot into what do they pivot into . Amazons kind of a delivery service. They certainly are. The. You think about digital delivery or physical delivery, you know, its been a pretty good bet for investors yeah. But its not this isnt amazon theyre not turning to amazon any time soon that i can tell. But, you know amazon is amazon. I would bet on amazon in that regard so the question is what happens to the delivery what happens to Delivery Business and how big it gets and what happens when people can go out again. I think people i think restaurants im more bullish on restaurants over the long term even though its a very difficult business in the best of times i think people are going to really want to get out much more so i would see a down turn in that maybe im wrong. But people are used to doing it. Its just new york city had it forever. And now everybody has what new york city had, i guess they have handled the pandemic very well and they have a pifrt back to when people start to travel again Hotel Businesses have a lot of ways to go here. They had a lot stuff they put on the shelf. A lot of interesting and promising businesses this he can pivot into whether its airlines or experiences, double down on those or whatever. They have a lot direction to go in travel. I think theyre the amazon of that probably music to brians ears, kara yes he doesnt want to be called the amazon of something. Door dash wants to be that too by the way they want to be a Delivery Platform you being more bullish on air bnb, i want to dig into that further. I personally thought there were key things mising from that s1, prachl we didnt really find out much about the china business, about the experiences and prepandemic, these were some concerning points for investors were spending too much money. Exactly they did put them in the droor there is nothing wrong with investing in experiences i think the idea of having one thing that i thought about and scott and i talked about was the idea of, youknow, when you go city and working and people start traveling again providing a work space there is all kinds of ways they can go i think its okay to experiment in some of the areas you would trust airbnb for an Airline Ticket if youre going somewhere or workplace or Something Like that. You can see the adjacencies if they work. Its a question of execution like anything else obviously, International Expansion is going to be critically important and continued regulatory scrutiny of the companies, including airbnb and the troubles that doesnt go away with time although it does sort of change the equation in cities like San Francisco where there was a rent, you know, there was a scarcity rental and now there is a glut of rentals. And so its an interesting things have changed rather dramatically and where they return to is an unknown. That will be fascinating to see over the longer term speaking of amazon, the latest column, man, i have to say, just makes you think about the company in different ways. Not just trying to anticipate what we might want to buy. But how were feeling at any given moment yeah. Not just that, how were you know, i tested this halo which just, you know, my kids went crazy. I was wearing it and taking tone, you know, for 4. 6 seconds i was annoyed, probably something jon said to me for that moment. But its interesting this idea of moving into it, now theyre moving into the fitness space like google and many others are in this space but they really did double down on even more information and when you think about a company that can deliver, you know, i was trying to make the link between pharmacy things and getting tone and they know what you eat. They can tell like a lot about your family. Not just by buying but all kinds of Different Things. The this is another point of contact with amazon. I call it the skin tight contact f youre in an echo, youre a little further away. When youre delivery, that certain signals, this gives you enormous signals, sleeping signals, tone signals, body fat signals if you sign up for that which is really interesting. And all kinds of Health Indications that they have so its just more data for amazon to not just sell you things about it to know you and so i call it surveillance as a service. Im sure they love that. I like it. I think its funny but then there are drone things. It is wandering around your house like spinning around your house. My favorite part is the quote from that which jamie said which started ring and ond by amazon and he said its privacy can you hear the camera makes noise when it is hovering around their house looking at things. I was like its intrusion of privacy you can hear that is interesting. So its just getting a lot of signals. Ip want positive point that out and link that with pharmacy, buying, drone, everything. So theyre getting enormous amount of signal from their customers and i think theyre going to try to continue to do that more with thisdevice. I, of course, am not wearing it as can you see i have been in the camp, take my signals and data and reduces friction for me and makes things easier for me like buying online the call is about the underlying issues not when it comes to perhaps you and me but when it comes to the labor force. We know that there have been more friction there, more issues theres been recent reports that amazon has been monitoring the labor organizing activities of the employees. So talk a little bit more about some of the risks there. Not to you and i but to others and its business. Well, there is also risk to you and i. They have all these enormous amounts of data along with your credit cards and their own, you know monitoring employees this is a story last week with them using detectives to follow theyve been at odds with the Unionization Efforts within amazon so theyve been watching the activities of the employees which is an enormous workforce its an astonishingly large workforce. The so they want to have control of it like they like to have control of things, amazon. So theyre using all surveillance techniques to do that i he dont think other companies dont do that. But it is sort of the scale at which they could possibly do this and monitor troublesome employees or labor unions or anything else is probably more aggressive than most companies and certainly should be noticed by regulators and others i think all of this should be, you know, i think, again, there is nothing wrong with it if do you have some awareness of it. But what happens to this data and when you can create this pattern about people whether theyre employees or customers, its an enormous amount of power that one company has even beyond google or facebook. Straight out of the avengers, kara that wouldnt turn my back on two Companies Either sorry. We were so sad, kara, over the weekend to hear about tony shaye. 46 years old who died tragically in a house fire. Of course, entrepreneur and venture capitalist who built zappos into a billion dollar empire one thing noticeable is the number of people who had the most amazing recollections of the positivity and joy and encouragement that tony brourt to peoples lives. He was a really unusual entrepreneur and odd person, too. He didnt mind he was sort of quirky and interesting and he had a very interesting theory about businesses and obviously zappos, i did a great video of wandering arent headquarters which is sort of happiness it is called delivering happiness. He had cultural stuff. He had fascinating ideas he had interests well beyond he was a very sort of a renaissance techie in a lot of ways he was a lovely personality. And very sweet he tried to hug me which i was i would laugh i would run when he tried to do. That but he was not in a bad way. Note in a creepy way he is just a very happy person and it was an on joke with the two of us. Im going to hug you i said get away from me, ill break your arms. But he was just very creative in terms of how he changed culture and i think a lot of companies did copy a lot of what they were doing at zappos. And he had just some interesting thoughts one interview was tough and i said sorry that is so tough. He said this is simulation this is not real. I said okay. You know, kind of like he always had an interesting new thought and hes just one of the sweetest and unusual people i covered in a good way. He was a great poker player by the way. You know, this is his thing that he was doing in downtown vegas that was a giant praying mantis. I dont know why that was there. He was using crates and all kinds of different creative ways to reinvigorate downtown vegas who did that he was just an interleblt youll liquerous person and, again, but much p more so smart e won all kinds of computer awards very early in his life again, he was an amazing poker player he really would wipe the tables. He was very quiet and just take everybodys money. And just a smart, lovely person. Its incredibly tragic that this happened it is i love the shoutout from the governor of nevada talking about how he reinvigorated vegas in many ways. Singlehandedly. Our thoughts are with his family, care yachlt thanks for helping us remember him. Well talk to you soon thanks a lot. Kara swisher. And moving on, it is a big week for Cloud Computing rooted in the kickoff of the biggest conference from the biggest player in the cloud. That is amazon the conferences aws reinvent starts tomorrow. Ill talk to aws ceo andy jasy there is a lot more to the cloud than amazon. Well take a look at the range of competition and innovation, hear from Key Executives leading the way. Youre only going to get that here on cnbc today ibm president and former ceo and later this week, microsoft executive Vice President jason zander who is head of azure will have more executives too ai and hybrid sure to be big topics this week hybrid so important as companies try to navigate this pandemic. Ai, important to kind of ideas of growth beyond it. This weekend, this year, jon, all were talking about is this accelerated digital trance formation. Well timed looking forward to all of that coverage meanwhile, googles head of commerce is right after the break here with us on cyber monday stay with us were back in two. [ whispering ] whats this . Oh, are we kicking karly out . We live with at t. It was a lapse in judgment. At t, we called this house meeting because you advertise gigspeed internet, but we cant sign up for that here. Yeah, but im just like warming up to those speeds. Youve lived here two years. The personal attacks arent helping, karly. Dont you have like a hot pilates class to get to or something . [ muffled scream ] stop living with at t. Xfinity can deliver gig to the most homes. Big news of the morning is the efficacy results out of moderna. Woo were here to break it down. Moderna getting the final results the phase three vaccine trial. That is after they had enough cases to really gauge the overall efficacy at 196 total. They also had 30 cases of severe disease in the trial and all of those were among people who did not receive the vaccine. Suggesting that this vaccine is 100 effective against severe disease. The vaccine appeared to be well tolerated, no serious safety concerns to date moderna says they plan to file today with the fda and the regulator in europe with an Advisory Committee meeting expected december 17th now we talked with the moderna ceo about what most excited him about these data heres what he said. I learned the data and it was exciting and the severe cases. If we can prevent severe cases, that means a game changer in the pandemic now as moderna heads to the fda, its a week behind pfizer whose fda meeting scheduled for december 10th. Moderna will take place december 17 n 17th a week later. Depending on how quickly they decide that, we could see it distributed within a few weeks of now and a few days of that meeting. Here are the supply goals we heard from operation warp speed from both companies. This year expecting enough vaccine to be able to vaccinate 20 Million People in december. Then next year, 25 million to 30 mill wr Million People per month there is going to be a meeting of adviser of the cdc to vote who should get the vaccine first. That will be very important. In terms of getting more vaccines, we need to see the results from more of the phase 3 trials we got the news last week still parsing through all of the implications of it Johnson Johnsons data expected to come by the end of the year or early january. So a lot more to come. Meg, so many developments thanks for staying on top of all of them for us lets turn back to cyber monday as adobe predicts today will be the largest Digital Sales day in the history of the United States bill ready joins us now. He is googles president of commerce and the former c. O. O. Of paypal. Good morning good to see you. Good good morning. Good to see you as well. Now how is google shopping positioned for the Holiday Season what are you expecting or hoping for in terms of sales and growth well, you know, as everyone has seen theres been an explosion in the ecommerce this year and what weve been working to do is make sure that consumers combine all the things theyre looking for when they come to google, whether that is at a large retailer, large ecommerce player, all the way down to Small Businesses so some things from us this year are really focused on. That you saw us earlier this year back in april open Free Shopping listings so that retailers can make all of the inventory available on google. Not only is there the large lift in ecommerce, were finding much more the things theyre looking for from much broader side when they come to google compared to the pay only offering 50 lift in clicks from consumers. Consumers are finding much more things theyre looking for and now the sellers can make all of the inventory available to discover on Google Google has been trying this shopping function in one form or another for about 7 years. I know youve only been in this position for about one year. What are you doing differently you made enormous strides over at paypal. What are you bringing to google that will be different than past attempts weve really maud this an open ecosystem approach. Were partnering with those in the ecosystem, particular will he those with the shopifys and paypals of the world so were reaching retailers of every size as we open up this, Small Businesses benefited disproportionately from opening up Free Shopping listings. And so one thing is really important to understand about what were doing on shopping with google is that were not a retailer were not trying to be a retailer were making sure we provide great tools for retailers to connect with consumers that is something many retailers are working on for years but for most of them it was a small part of the business, maybe 10 prior to the pandemic. And now with covid19, its accelerated dramatically but really proves out something that was top of mind for me and for google prior to that which is as consumers move to ecommerce increasingly, its important that retailers of every size have access to great Digital Commerce tools you want to make sure that consumers in the Digital World have just as much choice in the Digital World when they shop as they did in the physical world so just as weve always had it as our mission to organize the worlds information, making sure that we help consumers find all the Different Things theyre looking for from any size seller anywhere in the world is critically important to how we think about organizing shopping information for consumers and helping retailers to participate in the Digital Economy hey bill, its jon fortt. Lets talk big picture i first met you 8 years ago. You were running brain tree. You were telling many me how the likes of google and paypal were behind in this payments thing and probably werent going to be able to catch up what happened . Where is the innovation right now . Well, obviously, the payment space has grown tremendously youve seen Great Strides in that one thing very apparent to me,s to digitsal commerce tools is a point of passion for me a long time the more successful checkout tools have become, those are critically important to have really great digitsal checkout it became apparent to me there is a much broader set of things that retailers need to solve for if retailers are going to fully compete in the digital arena, particularly those transitioning from the physical world into the digitsal worl Digital World. Thats what were focusing on. How do we democrat size access some will partner with the ecosystem like were doing with shopify and paypal Small Businesses and retailers can bring the existing Service Providers. Others like those really connecting to the consumers demand in that digital environment and making sure we open that up so that whether youre an advertiser or not, you can connect to that demand that is really the thing so much of retail is missing is retailers really retootooled fo commerce how do they meet them at the point of demand . We have hundreds of millions of consumers that come here every day for the shopping needs we think we can really help the broader retail ecosystem in the digital environment. Bill, a few moments ago, you really made the point by saying we are not a retailer. Google is not a retailer so should Third Party Sellers be weary of retailers with ecommerce platforms of course, im thinking about amazon which by one estimate could be taking 42 cents of every dollar spent this holiday snn. We certainly think its important. The if you look at what weve done with oirn service like we made buy on google zero commission and so bring your own providers. Were really looking to make sure that we have a deep connection between the consumer and merchant the merchant is not just gaining a transaction, theyre gaining a customer merchants wants to go access demand they also want to make sure theyre doing it in a way that, you know, is not competitive to them retailers dont want to be in a forum competing them we think as we open this up, thats a benefit theyve seen and appreciated is its very clear that were here to serve them and not a competitive offering to what theyre doing even when they use things like buying google. They may capture a transaction in context but theyre getting a customer not just a transaction thats important. I understand why youre making it bill, great to talk to you as always we hope youll come back soon. Bill ready ahead of Google Commerce thank you jon . Lets now get to sue herrera for a news update. Thank you, jon. Heres whats happening at this hour, everyone the man who oversaw the repeal of u. S. Net neutrality laws says he is stepping down early. Federal Communications Commission chairman ajit pai said hell leave the post on january 20th the same day president elect joe biden is set to be sworn into office the fcc also says the ban on using mobile phones in flight will continue since 2013 the commission has been considering allowing calls above 10,000 feet but they face strong opposition from pilots and also flight attendants rhode island is warning its residents that hospitals are now at capacity due to the rise in covid19 patients. This on the same day that state begins two weeks of tighter coronavirus restrictions and in france, the government has dropped a controversial bill that would have limited the right to film Police Officers in action. Over the weekend, tens of thousands of people across france marched against the proposed law you are up to date that is the news update this hour jon, back to you all right sue, thank you and our exclusive with ibms cloud chief and president Jim Whitehurst is next dont go anywhere. Hi, my name is sam davis and im going to tell you about exciting plans available to anyone with medicare. Many plans provide broad coverage and still may save you money on monthly premiums and Prescription Drugs. With original medicare youre covered for hospital stays and Doctor Office visits, but you have to meet a deductible for each and then, youre still responsible for 20 percent of the cost. Next, lets look at a Medicare Supplement plan. As you can see they cover the same things as original medicare, and they also cover your medicare deductibles and coinsurance, but they often have higher monthly premiums and no Prescription Drug coverage. Now, lets take a look a humanas Medicare Advantage plans. With a humana medicare plan, hospital stays, Doctor Office visits, and medicare deductibles are covered. And, of course, most humana Medicare Advantage plans include Prescription Drug coverage. In fact, in 2019, humana Medicare Advantage Prescription Drug plan members saved and estimated 7,800 dollars on average on their prescription costs. Most humana Medicare Advantage plans include a Silver Sneakers Fitness Program at no extra cost. Dental and vision coverage is now included with most humana Medicare Advantage plans, and you get telehealth coverage with a zero dollar copay. You get all this for as low as a zero dollar monthly plan premium in many areas, and your doctor and hospital may already be a part of humanas large network. If you want the facts, call right now for the free decision guide from humana. There is no obligation, so call the number on your screen right now to see if your doctor is in our network, to find out if you can save on your prescriptions, and to get our free decision guide. Humana a more human way to healthcare. keeping your oysters growing while keeping your business growing has you swamped. you need to hire i need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. Claim your seventyfivedollar credit when you post your first job at indeed. Com promo doordash welcome back cloud week kicking off this morning with ibm big blues president joins me now in an cnbc exclusive formerly the ceo of red hat. Jim, good to see you i think this is our first time seeing you on tv since you became president of ibm. So congratulations i understand you got some news this morning on security yes, we do. One of the big issues that obviously were all working through in cloud is security and in particular, if you look at security in the potential availability data with what is happening in quantum and the advances happening in quantum, there is a real concern that threat actors are stealing data today kno today knowing in three or four years they can use quantum to break that encryption. They have to make sure they have encryption and that is quantum taf. That keeps Quantum Computers from being able to break that encryption and they announced a sest products that encrypt data and it is being processed with encryption that is safe for Quantum Computers. You dont have to worry about data being stolen today and then decrypted five years from now. Lets talk more broadly about the state of the cloud were going to get a lot of cloud news this week not just because a certain rival is having a conference but because the whole ecosystem which involves a lot of companies that you work with is also likely to have news so lets focus in on hybrid which is an area of strategic importance for ibm whats the most important consideration right now in q4 for your customers when it comes to doing this hybrid migration right . Well, i think choice. Thats why i say hybrid cloud rather than chewsing aoosing ine provider we work very closely with to make sure that our infrastructure runs really well on aws in fact, not only do we offer our infratruck stustructure, ita hybrid cloud instra fruk stur, it runs not only on amazon but also runs on our cloud it runs on google and microsoft. You can write once and secure it anywhere you dont have four, five, six different clouds and different security models, Different Development models associated with it. So our real kind of strategic thrust is all about choice to help enterprises whether youre running on premise or any cloud you choose to do it in a safe, secure, reliable way lets talk about on premise when ibm reported earnings, there was a lowdown, i believe in Software Sales for on premise use. We saw something similar from vm ware thats part of the pandemic environment and some adjust mebts that people are making give more color on that and what you expect to happen as we head into 2021. Well, look. People are setting budgets now i think there is a general sense that we will at least by summer of next year be returning to some degree of normalcy. So without a doubt, there is a move to cloud and sas type not lz which were participating in by making sure our software is able to be run on other clouds but certainly there is been a dip of on premise usage where were relatively higher share. And so certainly the pandemic has hurt us relatively but as we get into next year, the combination of, you know, having taken all of our products we call them cloud packs now and made them available on any major public Cloud Infrastructure as well as the return to work and therefore on premise software, we think bodes well for us as we get into next year jim, we heard from your boss a couple weeks ago talking about red hot and the hybrid strategy. Really in a way that i hadnt heard before from him. The way that youre more platform agnostic in the cloud as ibm and really pushing on that Customer Choice issue that you touched on to what degree as a manager right now within ibm are you making changes to that the organization is ready to execute in that direction . Well, were doing a number of things we announced about six months ago in our big conference that were investing a billion dollars in ecosystem so its not only just making sure that our infrastructure runs everywhere, but anything else you want to run on it runs anywhere so were investing to make sure that other isbs and Service Providers are capable of using the platform and that their Software Runs on the platform. With very taken all of our software and created cloud packs with those he would expect our software to do that were building capabilities in our sfgervices organization have hybrid cloud which means not just to our cloud but to any cloud that you choose to run i think this is really important. Clouds arent a place you Deploy Software it is also a place where a lot of oinnovation is happening. You have to run it across every major cloud provider which is why its been talked about were so focused on this hybrid cloud experience to make sure that enterprises have choice of where they build and run their applications over time and finally, give me your best insight and recommendation on what needs to happen with hybrid in the Public Sector as we look at the federal government were about to get a new administration and we also look at state and local governments that are strapped for cash in many cases because of the impact in business and this pandemic two things, choice. Over time, if you have choice, you generally get better quality of products and better cost. Open source is important to be able to see the code it is more secure that way it also has economic advantages. So choice and open source is your primary vehicle for cloud and Building Technologies on top of those platforms absolutely critical in the Public Sector. And frankly, across private enterprise as well all right Jim Whitehurst, president at ibm kicking off cloud week for us. Jim, appreciate it. Thanks, jon great to be here check out shares of slack this morning our david faber says that the salesforce deal could be announced as early as tomorrow after the bell you see shares up about 4 you can read more about that on cnbc. Com dont go anywhere. Squawk alley is back in a minute i felt like. I was just fighting an uphill battle in my career. So when i heard about the applied Digital Skills courses, im thinking i can become more marketable. You dont need to be a computer expert to be great at this. These are skills lots of people can learn. I feel hopeful about the future now. What to expect from zoom aerngs of the bell sharesup. 5 600 for the year. Well get to that in just a moment do stay with us. When i was laid off. It was absolutely terrifying. I felt like i was just fighting an uphill battle in my career. As a little kid i knew that i wanted to work with computers. So when i heard about the applied Digital Skills courses, that definitely appealed to me. Youre learning how to create spreadsheets, documents, forms and surveys. Im thinking i can become more marketable. I got to about the third course and im like, you know, i probably could do this for a living. You dont need to be a computer expert to be great at this. These are skills lots and lots of people can learn. I feel hopeful about the future now. Its empowering to have that knowledge that nobody can take away from you. Today expected to be the Biggest Online shopping day in the history of the United States spending somewhere between 11 billion and 13 billion. General manager of north american operations of ebay to talk about the Holiday Season. Jordan, welcome. Great to be here today. I was just looking at one of the holiday forecasts. Their view that online share of the holiday budget has gone from 28 five years ago to 46. Its just an astounding change in the Consumer Behavior pattern. I guess the question is how high that number can go, right . Exactly i mean, i think certainly covid19 has shown us that, you know, the limits for ecommerce are far higher than anybody could have imagined. Certainly cyber five has shown incredible results across the board for ebay and the other Online Shopping destinations and the fascinating thing for us has been the trends we saw at the start of the year. So people sitting at home, hobbies, rtarts and crafts, bakn have continued and we have seen huge upticks in those categories they also have gifting trends emerge what kind of electronics can i give to family members and one what are the great deals that they can Source Online and save me from that trip to the store and stay at home where its safe yeah. You know, we used to talk about they used to call it cocooning. But now youre talking about a dynamic relative to gift giving. When youre buying for a smaller number of people, lets say, what kinds of items might you choose that you may not have in the past its amazing. One of the things weve seen is more people are starting to shop earlier. The uncertainty around shipping, what is that last day for holiday . Theyre coming sooner in the Holiday Season and thats been great on everything from certified it,s and amazing deals from brands like bose. I bought sound link system for my kids. I wont say what colors are getting. But for 46 off, weve also seen trains and hot products like, you know, watches. Obviously speaker heads flocking to the site. Personal favorite for me when you have time to shop, people are unpacking Christmas Decorations and selling all things i am maybe a little bit of a muppet head if you will. I have a lot of cool vintage muppet ornaments so its, you know, when youre on ebay shopping, you can find the new season and refurbished electronics and the muppets. You can find the classic e bay and collectibles and reliving your childhood and family memories ebay is well placed to capitalize on this the Revenue Growth is not as strong as some of your peers like amazon and wayfair and etsy what are they missing . I think investors are probably on a waitandsee approach when you look at what happened the last couple of years, i came back to ebay about a year ago, we have a new nceo who started n the spring i think ebay is in this reboot mode for whats excited for our next 25 years. Lets talk about growth a bit on ebay. Give us a sense of what percentage of enough listings are driven by platforms like shopify and big commerce ebay has hundreds of thousands of snbs from across the country and they come on ebay from platforms like shopify, big commerce. We have hundreds of thousands of sellers that integrate gredirecy on to ebay one of the things at the start of the year was the upandrunning campaign. As covid started to lock down retail americans, we leaned heavily in to how can we get businesses online for the first time when youre just getting your business started online, you dont have to worry about Marketing Tools and have a drive had much paid search, you can come on ebay and get access to 180 million buyers, which is an incredible tailwind to get started. I think the math of next years comps will be difficult for everybody just with lapping the covid surge. Im personally very excited for the momentum were going to see as a business. Just as we exposed e bay to millions of new buyers this year, theyre discoughing not just the discounting not j t just theyre going to go everywhere from collectibles to electronics and we think that will give us a lot of tail winds in the next year we hope youll give us an idea of how its going we will thank you very much. And shares of nkla. You can see the stocks there taking quite a hit whoa were back in a moment music anncr give customers access to precisely what they want, when they need it the most. With adyen, the payments platform that delivers convenience for all. Adyen. Business. Not boundaries. Keep your eye on bitcoin today closing in on 20,000, hitting another alltime high as Institutional Investor interest continues to drive the currency. We are back in just a moment ts. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. That came from me. Really. My first idea was in one quarter of an hour, your savings will tower. Over you. Figuratively speaking. But thats not catchy, is it . Thats not going to swim about in your brain. So i thought, what about. 15 minutes. 15 percent. Serendipity. 15 minutes could save you 15 or more on car insurance. Our vision is to be the best sports and outdoors retailer in the country with a mission to provide fun for all through strong assortments, value, experience over the years, weve given customers not just great products, but outstanding experiences. We cant wait to have customers nationwide have fun out there. Another blowout quarter expected for zoom. Revenue up 317 is what the street is looking for after q2s 355 growth. Zoom stocks up 600 year to day. It has been hit by republopenin trade worries that numbers cant stay this high at some point the comps come home to roost, surging revenue the key question, is zoom a Video Conference app or does it become the default unified communications platform, which is certainly a mouthful but its a fancy way saying basically do all of your communication on zoom let me try to bring it all together zoom worth about 130 billion. So is shopify. Both of those stocks up just over 10 in the past week. It is cloud week shopify is a cloudbased tool. It is in retail, empowering small and mediumsized businesses that stock within about 6 of its alltime high. And coming up later in the week, john, as you suggest, well get zoom tonight, crm, splunk, snowflake. Lets get to the judge welcome to the halftime report, im scott wapner. The best month for the dow, what it means for your money in the last month of the year and beyond joe terranova, degas wright. The dow is giving back about 400 today. The best month for the dow

© 2024 Vimarsana

vimarsana.com © 2020. All Rights Reserved.