Tyler Crowe

Surely, the market isn't responding negatively to the announcement that it plans to split its stock, right?

What am I missing here?

Then lastly, we got Etsy and eBay.

I'm bundling these together because in addition to both of the companies reporting earnings earlier, either today or at the end of the close yesterday, eBay announced that it was acquiring Etsy's Depop business.

Now, I don't know if the market liked the deal or if the earnings numbers were so good that the Depop handover didn't really matter that much, but both stocks are up considerably as we're taping.

Which one do you think it was that is leading to the market rally?

We've got consumer durable spending with Walmart, travel spending, so much more discretionary with booking, and we'll call it eclectic spending.

If you can think of a better way to classify Etsy and eBay spending, go for it.

If you guys want to read the tea leaves of all the things that we saw in the earnings releases, guidance, things like that, were there any takeaways from these results that said anything to you in terms of the pulse of the consumer or what we can expect in the coming weeks or year when it comes to consumer spending?

I think the consumer under pressure is some foreshadowing when we get into the Klarna discussion later.

But after the break, we're going to do a deeper dive into Lemonade.

Lemonade, it is perhaps the most polarizing insurance company to ever be traded on the public market.

It reported earnings before the opening bell.

Look, I'm not going to hide anything here.

I struggle with this company, specifically struggle with the optimistic view of it.

I'm probably going a little mask off here and admit that I'm not very bullish on this company to start.

I want maybe one or both of you guys, Charmin, to, as you see it, walk me through the quarter and convince me

why the story is working.

Again, I'm not the most optimistic on this company.

There's some incongruencies I see with some of the things you're talking about.