good afternoon, everybody. welcome to power lunch. big interview in the last hour, the ceo of boeing. we will talk to a shareholder and brand expert about what dave calhoun said and what he needs to do now o reassure customers and investors. natural gas has been jumping , up 10% to start the year as the united states becomes the biggest exporter of liquefied natural gas.

let's get a check on the markets, the dow up 77 point, 2/10 of a percent while the s&p gained 17 and the nasdaq is a leader today in a reversal of a trend we have seen so far year- to-date adding about 6/10 of 1%. inside of apple being hit with another downgrade, this time there cutting the stock to neutral from by apple, down 6% in the past month. from high-tech to low-tech, shares of wd-40 are soaring after reporting strong earnings and sales, the ceo says he is negotiated with big retailers on price increases. that would improve the company's margins. we begin with a big interview in the last hour on cnbc, an exclusive with boeing's ceo. let's bring in civil now, what was your biggest take away from the conversation? >> they realize the severity of the situation and the need to find out what happened, that may take some time. but more importantly make sure it doesn't happen again.

part of that involves going back through the processes of manufacturing not only that specific plane for alaska airlines but all of the 737 maxis that the company builds. but especially the max nines which are a question right now. part of that is starting on saturday, we just learned this today, dave calhoun said they had the senior leadership here along with the ceo from spirit aerosystems was in town, pat shanahan, they have put together an internal safety group that is in this war room looking at everything that has happened and reviewing the work history, not only for the aircraft in question but for all of the max nines and they are coordinating their efforts with the ntsb and the faa. here is dave calhoun talking with us last hour. >> we are in a moment where we have nobody at risk and are job is to understand literally everything that has happened, everything that surrounds that particular plug and fix it and

make sure it can never happen again. >> the max nine grounding impacts 171 planes worldwide. the bulk of those planes are here in the u.s., found by united and alaska united, the biggest operator with 79 airplanes, alaska was 64. the max inspection rules that both alaska come united and the other carriers overseas will be using to make sure that the fuselage plug is meeting the specifications is supposed to be, those rules have not been finalized but boeing is talking with the faa and ntsb. there could be movement on that relatively quickly. i say relatively quickly maybe a few days but for now those plans remain grounded getting them back in the air is a key priority now not only for boeing but also for alaska and the other airlines. >> as i look at this, boeing is

obviously ultimately responsible for its jet and they are taking response ability for its jet but with spirit airlines is responsible for the building of this fuselage including spirit air. >> spirit aerosystems. >> i am sorry, i am corrected, spirit aerosystems. they were the ones who manufactured the fuselage including the door apparatus that was there, i assume. that was not assimilated -- assemble lead by boeing. is of their responsibility if there was a manufacturing problem with that door insert? >> it depends on what caused it and i am not trying to answer around the answer here, we don't know if it was a manufacturing issue, we don't know if it was a production issue, in terms of as it was going through the process before it was delivered to alaska airlines, so that is really the key. you need to know what caused the plug to be ripped out of

the airplane. pat shanahan, ceo of spirit aerosystems spent many years here at boeing. he knows boeing well, boeing knows him well and he knows what spirit needs to do in terms of answering all those questions revolving around this particular aircraft as well as other questions about quality control at spirit. >> forgive me again for mislabeling that company, thank you very much, i appreciate it. for more reaction to what dave calhoun said in his response to the incident and to the alaska air incident so far, let's get to a panel including dave crutchfield. boeing is the third largest holding for this man. let me start with you, tony, if i might, how material is this incident so far as we know it today? to the boeing stock price? >> thanks, i think financially speaking overall it is immaterial how we look at it, probably for weekdays it will

probably be somewhere around $20 million a week on a concession basis. >> this is a liability boeing would have to pay to the airlines for a loss of use? >> yes, concessions wise. of course it will be inspection costs which are essentially the minimus. i think as long as this does not play out for months, talking multiple months it will really be an immaterial impact. >> you still have confidence in your holding in boeing, and its ability? payback for sure, in the long term i think boeing, first of all, i think it is a great company, they make great plans, safe planes. all the secular and structural tailwinds the industry has, there is a lot going the right way for the commercial aerospace industry. >> this fortunately was a lot less severe but in 2018 and 2019 when they had those tragic crashes, the shares moved sideways for a long time. they were also in the 300s and and are only trading at 227 now.

they are $100 less than they were five years ago and now they are facing yet another period of on uncertainty, why do you see value here? >> i think in the near-term it will be the stock price but over the long term, the secular tailwinds impacting the industry are going to make 40,000 planes in the next 20 years, these two oems. global travel is outpacing gdp by 100 basis points or so, expected to be. so i think the long term, it will do very well. when we get back to production rates pre-2018 levels, there is a lot of free cash flow to go for boeing. >> let me turn to you, tony has addressed the financial risk here to boeing, but what is the reputational risk and how do you think they have blunted any reputational damage so far? >> obviously they have brands

taking a massive hit now, this is a broadside to it. it has been through a lot of crisis in the past. typically companies respond to a crisis with delaying and denying and deflecting and defending. in fact, wallenberg, his predecessors have been like that with those disasters kenny just spoke about in 2018 and 2019. they have learned a lot from that and he is -- has been through a lot since his tenure in 2020. he has had covid, he had 787 deliveries stoppages, quality issue at spirit if you recall, before this happened. so basically a lot going on, now we have this crisis so they are very well rehearsed but hats off to him and his crisis management team, they have approached him an entirely different way. it is not about the why, it is about the moment and what you do in that moment. calhoun has been spectacular. it will be a case study in years to come and the way they are going it is going to be looked at in a highly revered fashion. >> it is interesting, i want to turn to the stock for one more

second, as we mentioned, it was treated not only hundred dollars higher per share in 2018 and 2019 even on the these tragic events, the peak market cap was in 2019, $240 billion, the company is worth over $140 billion today. if we were talking legacy automaker i would say of course they are going the way of the horse or what have you. why is boeing worth so much less now than it was five years ago? >> the company really trades out free cash flow as far as being driven by production rates. they are still pretty far below what they were producing the first mishap, 737 maxes a month, now they are somewhere in the high 30s. >> but is that enough to account for the company being worth $240,000,000,000.04 years ago and only $140 billion today? >> the huge cash flow generator talking -- it will be obviously free cash flow positive this year and talking 10 billion

plus, i wish they were negative for the longest time because of the incremental -- >> you think this aircraft and the problems that that have directly contributed to this growing whole, almost a liquidity hole, evaluation whole? and if they can get things back on track does that mean the evaluation -- the market cap, the whole worth of the company? >> it is an operating leverage story. when the factories got a lot of overhead and there's not a lot of production you're not getting any revenue and cannot spread the costs across that and then it works the other way, the pump works the other way when production rates start getting back to store rates it becomes very profitable. i think the long-term picture is we are going to see that essentially constrained demand. >> i guess i am sensing that you would give the company an a or a+ in this case on how they have handled this and so you would not see this incident as financially really measurably

detrimental to boeing? >> initially it is going to be, to europe. but the other commenters points, there of ac taking a hit but they have 40,000 aircraft to build so they have a book this deep with audits. there is a competence in that delivery but it is more about reputation and brand. there are two strategies. one is the brand which you need to rebuild public trust and number two is how you build regulatory trust. that is linked to take you in and that tqm is clearly wrong here including policy control because of their two approaches. i guarantee one of the most powerful ways for them to signal change, dave calhoun said it, this must never have it -- happen again. you need to show that, communicate it but also signal that and your brand is the best vehicle to do it. my bet is they will be looking

at launching an entirely new rebrand within 12 months. >> of the company, not of the aircraft that is at issue here? >> the whole company. the aircraft of the whole company, a rebrand of boeing. it is not just about a shiny new logo, we are talking about a major brand overhaul, a bit like cracking open your ribs and removing some organs. they need to do that and they are going to be doing that so their best vehicle is, yes, tqm, say it loudly, what are you doing with that? but also what are you going to do with your brand? to do a major rebrand with boeing with the branding, implementation, pr marketing, you could be looking at a price of over $17 million in 12 months. >> dean has left us with a vivid metaphor there. what do you think of that? do they need to rebrand the company that way? >> obviously he is the expert on that but i would say on the operational and quality-control side, my previously -- in the

marine corps we would say every pilot, everyone in the squandered is a safety officer. it is a marathon, it is paramount and i am 100% confident that co calhoun is fully aware of that and i am sure this will be his lasting legacy to get this thing on track and moving forward. >> do you still fly? >> no, i don't. >> thank you very much for being with us today and sharing your insights. tony bancroft and dean crutchfield, thanks to you as well. coming up, a major breach to the sec. the regulators tranter or x account was compromised nearly leading to serious reproductions for the industry. you look at the details next. we have seen bad a newsbreak 1q market name in the case of bongwhh ei, iccould we expect to break out in the

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the securities and exchange commission itself is reeling from a major breach. the regulator was forced to attract the social social media posts. >> we got some information about the hack of the sec's twitter, now x account last

night from a posting by x's security team. in the 4:00 p.m. hour yesterday, the official account published a statement suggesting a bitcoin etf had, as he said, been approved. that triggered bitcoin prices but within moments the sec said it was not true and there account had been compromised. overnight, x posted a statement saying the compromise was not due to any breach of exes systems but due to an unidentified individual obtaining a phone number associated with the sec account through a third-party. x also said the sec account did not have two factor authentication enabled at the time of the hack. that is a standard extra layer of protection and has gone to raise questions about why the sec did not take this pretty obvious security step on such a high-profile account. i reached out to the sec this morning for their side of this, i emailed them, called them throughout the day today, i have not heard back from them yet today. nothing from the sec today in response to what the x account put out last night. there is some rich subtext to

all of this, x is owned by elon musk, he has been a bitter critic of the sec for years so the blame game here could be particularly pointed. back over to you. >> people were of course having a field day with this. the only thing i wonder in -- and i doubt this, it looks obvious they are close to approving it, i don't think this would derail that but do you think on some level they want to screen guys? here we are trying to help legitimize and broaden the industry and you go ahead and give us one of the biggest we have ever had. >> to be fair, i don't think anybody at the sec ever sits around saying screw you guys to anybody, officially, anyway. but look, there is a real question about whether this cage rattling that happened yesterday is going to delay the bitcoin etf which everybody has been expecting to come any moment now. the question is, why would it, though? if you were the sec, made the

decision, run the traps on it, you're ready to go, why would a tutor mishap like that implement -- impact her decision to go ahead with this? you might want to say everyone stop doing everything, let's figure out what is going on. make sure we can roll this out without another problem and we do have control of oliver social media. that might be what is going on but we have not heard from the sec all day today on this and we have been reaching out to them, we would like to, to get their side of it. >> is the system back and secure? >> reporter: the sec said yesterday that they had restricted access to the account so they were able to get the account back, but we do not know beyond that what other accounts they have been looking at, gary gensler has his own personal account which they used ironically to say the other account is something inaccurate. the tweeted out to the gary account that was inaccurate, if you're trusting things on that

platform how do you know which one to trust at this point? if these platforms are packable in this way, can anybody rely on anything in terms of something market moving that they see on that platform given the history here of people getting hacked over time? >> thanks very much, appreciate it. further ahead, getting some tricks of the trade. cnbc launching its first-ever paid online course for jobseekers. will give you a preview and talk about it a little bit when power lunch rerntus. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you?

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welcome back to power lunch. let's get to rick in chicago for a look at how bonds are trading ahead of tomorrow's inflation data. indeed, it has been pretty wild in the treasury complex, maybe across all sovereign trading across the globe. let's start with our 10 year auction today, there is a church around 1:00 easton, you see volatility but you continue to move higher even though he was an average, not much of a below average auction but if you look at a today, you get more clues. for a good chunk of the early train we are under yesterday's lows across the entire treasury curve but that reversed and all yields are actually higher on the day, maybe the biggest story is how hot, hot, hot on

the european debt is right now. and how all the patterns of tenure are very very similar. let's look at a six month chart of tens in the u.s. hold that image, let's go to the german boom, the standard of the euro zone, now let's go to the spanish tens and now let's go to the uk tens. you see all those patterns are almost identical on the way down. on the way up to some of those historic high yields in the fall, the path might have been a bit different but then all of a sudden what we see is central banks, hours leading the way are supposedly going to be aggressively easing this year and that has healed an appetite despite the fact that we are probably going to be over $2 trillion in sovereign debt issuance this year between the u.s. and europe and maybe japan , so it is a very interesting development continuing to

monitor. if the calculations are wrong and inflation pops up a little bit in the future for our central bank isn't as impressive as many suspect, we could really see the rug pulled out from under some of this investor craze in europe going on. the spanish auction and recovered three times stronger than our average for u.s. tends. back to you. >> thank you. busy day here. let's get to bertha now for the cnbc news update. >> president biden and house speaker mike johnson held a phone call today to discuss border security. according to johnson's office, the speaker asks the president to use his executive authority to secure the southern border. the call comes as some house republicans threaten a government shutdown if biden and congressional democrats do not agree on tougher border policies. as southeastern connecticut city ordered hundreds of people

to evacuate and declared a local state of emergency following a partial dam break today, the flash flood warning along the river near norwich means in effect until 6:45 this evening. it comes after a strong storm brought torrential rains and heavy winds to the northeast last night. actor and comedian stephen fry is joining forces with peta to call on the united kingdom's of king's guard to stop using real for in their bearskin hats. he narrated a video for the animal-rights group saying the hats are purely ornamental answer is no military purpose, the ministry of defense told the bbc the bear for comes from licensed and legal funds. back over to you. thank you. coming up, seeing some unnatural games to start the year, it is jumping 60% already,

down big today giving some of that back, we will dig into the space, how sulyohod u traded, what is the big take away? bill perkins joins us next. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ with your hearing, if you start having a little trouble,

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welcome back to power lunch. natural gas might be giving up some gains today but it is still up 17% in just the past month. it comes as the u.s. is now the biggest rolled exporter of lng. >> omg. >> yes, the u.s. actually overtook australian qatar to become the largest global lng exporter. in 2023, exports rose to 86.15 million metric tons according to data from kapler, that was up 13% from 2022's levels. and made up about 21% of global lng exports. majority about 65% is going to europe after the eu moved away from russian gas. asia and latin america received 27% and 7% of u.s. lng respectively. there are currently seven lng

plants in the u.s. with more under construction. the eia forecasts the total exports from north america will double by 2027, which has led some to say that we will simply have too much. still there are a host of companies looking to take advantage of this growing market . that is everything from the upstream gas producers like chesapeake and pq t to the companies on that to pipelines that transport the gas to lng plans including williams and morgan and finally the companies of course themselves that on the liquefied cash implant. this is really kind of astonishing because we have only started exporting in 2016. we rose to the top spot in a very fast amount of time. >> crazy. seven years, remember when they had to turn the plants around. >> initially it was going to be an import facility and then they changed it around to exports. >> stay with us as we follow a potential mega merger in the space that could come together as soon as this week. chesapeake and southwestern are

close to a deal, it would make them the largest producer overtaking eq t. for more on that deal and the trends more broadly got to talk to bill perkins. welcome to you. first of all, almost but this from the consumer point of view, anything to worry about here? in terms of prices? >> when there is a cold shot, we have a lot of shell drilling now which tends to have more free thoughts, these newer wells, and so when it is extremely cold, we tend to lose supply but the system is generally robust, stocks are full. storage is readily available storage so we will definitely meet the demand unless we have these events or these fuller pics that used to come down, we do not see that, we see some higher prices and the

intermittent., maybe a week. but everybody should be fine. >> north east, are they going to be fine? how are we going to fix this? >> it is going to take a lot more incentive or maybe regulation to get the producers to winterize, they just do not see the value in putting in the equipment for the freeze, generally higher prices are good for them. i think it is a matter of aligning incentives with the producers and getting the infrastructure in. but by and large, there is a much production in the northeast and so much storage that you generally don't have a problem and it is very much a tale event type thing. >> unlike the oil market, the gas market has traditionally been very regionally focused but is there any worry that with this surge in lng that does open up prices to either higher prices or even just more volatility given all this new avenue for demand? >> definitely looking forward, right now whatever we can export we are at capacity so

essentially it does not really matter what is going on internationally, it is just they drill the gas, they ship it out, there is no room for exporting more lng. we are about to double our expert capacity which means that the u.s. may float international prices or international prices my crash because we are shipping so much gas out, that remains to be seen but we are about to be part of the global volatility, not just domestic volatility. >> what you think of the possible merger of southwestern and chesapeake? >> i think it is brilliant, if you look at the distribution of their assets, they are both big in the marsalis in the northeast and gainesville. those two areas are regions of growth, it is one of the areas where you want to be growing if you are looking forward toward lng exports. they are very similar, but you

can have rig efficiency and drilling efficiency which can also have operational efficiency. it makes a lot of sense with these two companies. >> where is haynesville? i am not familiar pick >> that is in louisiana. there is haynesville, texas and haynesville, louisiana. very close to the expert facility and pipeline and restructure to get the gas out and so becoming a behemoth getting those efficiencies and operations with crews, debt, etc. . really a smart play. >> is there anything that would stand in its way? anything regulatory lee or anything like that? >> you're asking me to play politics. i don't understand some of the regulators. >> i will make it simple, they don't want any deals to happen. especially the natural gas space where you can be talking about her bills for consumers. it seems like they might come calling. >> yeah, i don't think they are

predatory, i think as they become more efficient and lower the cost of production, it results in lower prices. we are about to get linked up to the world and world prices are much higher with the expert facility so i think the higher prices are coming. they are not drastically hard but we are going to have to now compete with other nations used to paying 10, $20 for gas when you have the cheapest gas on the planet. except qatar and trinidad. and so that is not going to be a result of this merger. this murder is actually going to create economies a skill that allow them to produce cheaper. so i hope regulators don't get in the way but, you know. >> on that regulatory front, we did get reports that the biden administration might start cracking down on some of these permits for the facilities, the white house did say they have

no comment on those reports, but obviously the environmental groups are very much against this surge in lng and adding even more terminals, do you expect lng to become a battleground of sorts topic during the 2024 election? >> i think that we have enough facilities already committed or under construction that significantly expand our lead as the number one producer. i think newer facilities, let's face it, the ones that are building, they don't want more competition so they are also against it behind-the-scenes. environmentalists don't like it, they would like a faster transition to renewables. so you have a lot of people that are not necessarily as welcoming and it is a lot easier for them to lead on regulators one way or another to say this isn't necessary, why do we have to have another expert plan? it remains to be seen what the administration will do and what their view is but the current administration tends to lead to less infrastructure associated with oil and gas.

>> indeed, thank you so much. we appreciate your time today. coming up, how to ace the interview. cnbc launching courses for jobseekers looking to boost their confidence on the open market. we will get the key details including some hot tips when power lunch returns.

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register. in our next guest, and howard. senior work editor, how did you get that title? tell us about the course. this is 100 minutes of video content on how to prepare for and ace a job interview. it is broken up into different modules, i suppose? >> yeah, it is put up into five minute lessons. we have three great experts who talk about everything from interview psychology to body language, how to prepare, how to follow up. everything you need to know about how to nail your interview and it also comes with companion workbook so there are additional exercises and scripts to really help you get it down and feel confident. >> forgive me for being a bit snippy here, but if you need 100 minutes of training to ace an interview, i don't think you're going to get the job. >> some people feel a lot of anxiety before a job interview, some have been out of the workforce for a while. you have new college graduates who have never done this before so it is really for anyone who just wants to brush up and feel

like they can go into any interview. >> how important now -- it seems to me, i think i know the answer, but how important beyond the interview just linked in and today's jobseeking market? >> it is very important, about 85% of recruiters use it to source candidates so that is reaching out proactively to people they think might fill open roles and also to check out anyone who has applied for jobs in their company. so having your linkedin up-to- date, having things like promotions and skills up to date on their is super important. >> it has been such a change the last couple years when most of us are used to this idea, it feels like scarcity. there are not enough jobs and we all want them but then the pandemic change and -- came and kind of change that. people said i don't need to work. even with the launch of this course i feel like they really old normal list coming back and everyone is getting a little

nervous again and needs to make sure they have their ducks in a row. >> yeah, so two years ago, it was a lot easier to get a job than it is now but the job market has been pretty resilient, there are still more open jobs and there are people searching for job so it is still a good time to find a job in the pandemic has made people realize they can't look for the things they want as opposed to necessarily having to settle for whatever job is offered to them. you mentioned a third of people who are considering quitting their jobs, they are looking for more meaningful work, better pay and for more say over how they do their work. >> how much of the job interview process now is online via zoom teams as a host to in person? and are there different tactics strategies that you would find out about in this course for the online interview as opposed to the in person interview? in other words, is it different qualitatively? it is a little bit different. the things you're saying, the

things you're talking about are the same but the way that you set yourself up, the way that you come into the interview, in the course we talk about being prepared for an in person interview, that looks like making sure you're on time by looking at how long is it going to take you to get there? for a virtual interview, it is making sure your internet connection works and making sure your background looks okay. >> making sure your resume is updated. all of a sudden your computer is doing the automatic reload, little things like that. >> exactly, making sure everything is up to date, that you're not going to have people walking in and out of the background. >> kelly. [ laughter ] what is interesting to me, if you are doing an online interview, a lot of people are not terribly comfortable with the idea of being on camera. they will look up in the sky and

will be looking around and down, i suppose you could do that in a job interview face-to- face as well. but there are certain skills you would need to employ for the on camera interview that are different. >> definitely. the course actually goes into that about how to set up your camera, making sure it is at eye level. even talking about if you feel really uncomfortable on video, making a video of yourself talking about some of those common interview questions so that you can go over it, see where you are stumbling, where you are not looking straight at the camera, that sort of thing. >> the other difference between the in person interview and online interview, you have to wear pants to the in person reckoned -- interview. >> we actually recommend you wear pants to the online interview just in case. >> what are you wearing? thank you so much. what is the course again? cnbcmakeit is.com. >> you can find everything you

need to know about acing your next job interview. still ahead we will get technical support with our charters to -- about stocks that could pop higher.

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welcome back the power lunch, everybody. time for some tech nickel support. three talk -- stocks. our focus is j woods. chief global strategist welcome back nvidia is up 2%. you say this is a breakout year >> this is a technician's dream. let's look at the last year. a great big gap on the breakout earnings. we trended higher for a while and we kind of stalled york a lot of evil got upset right here in august when they had this record earnings quarter and it failed to go even higher. what has it done? it has gone sideways, doing nothing for almost 8 months and finally this week it broke out here give you think about how the market rallied and that

broadening happened the last two months of the year, nvidia kind of went sideways. just broke above 500 with some serious gusto. this stock has the leg to go much higher. 550, 560. the path is fantastic. positive earnings in the middle of february. we are talking 20, 30% gains from these levels here. >> was go to j.p. morgan, top u.s. bank. they will release fourth quarter financials on friday. >> important to know that this is an earnings play. let's think about j.p. morgan. the run it has had. this is breaking out to all- time highs before it's earnings. we had a nice little selloff here. 2022, 2020 three. we made the roundabout. we like cup and handles. then a breakout. if it does pull back during earnings to buy the stock, you want to see this one 60 level

if it continues to pull back. it will be a great entry point and set up from a brisk reward point of view your cupid fails to hold the 50 day moving average, get out and look at it again. this has been the name of the crop. now in the tailwind. the setup is perfect. i love it going into earnings. if you get a pullback, time to buy more. >> let's go to united health. highest wade in the dow because of its price because of the price. >> fun fact with the earnings, it has never missed. here is what you want to see. reminds me of the first stock that we look at from a price pattern. this is three-year base. three-year chart with a two- year base. the stock has been going nowhere stalling at 550 consistently. what happened now, let's back this out recently york we are making higher lows. we want to see higher lows.

that has been constructive. testing 550, we keep knocking on the door. >> you see that. there is a low. there is a low. there is a low, but here is a higher low. >> and nice for those that like to trade in these channels your guys it has potential to top. i would chase this on a gap at side of above 550 going into earnings and then your risk reward, the setup if it does not hold this level comes back in to get out. it was worth the shot. the upward momentum is there. as with the leading sect or is so far this year, healthcare. let's see if it can continue. >> a hot mess. not you, but unh. stay with us. >> think you both. coming up, ai is taking over ces. the cutting-edge technology has fingerprints all over the world biggest trade shows.

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let's start with this year's electronic show. dominated by artificial intelligence. let's get to julia with some of the big highlights.

hi, julia. >> hi, kelly. i am here at what is being called an ai theme park featuring a lot of work around ai's inability read pretty exciting stuff. it's what we call the magic carpet. they are working with joey. >> a lot of semi conductor chips. this platform that elevates in the sky. all of this showing how ai and inability work together. they have an ai fortuneteller. then the hydrogen powered train that is going around this whole area. this sort of epitomizes the focus on ai that is all across ces this year. >> it sounds like some of the product you are looking at are rather or display only or novelty items. what kinds of gadgets or serious products are you seeing there? >> and looking on the other side of the camera.

a lot of really high tech ovens. yesterday i and some time at the samsung booth looking at their very high-tech refrigerator. that will be on sale soon. they have a combo washer dryer that uses ai to use the most minimal amount of energy possible to wash and dry your clothes. that will be available to consumers very soon but this is more about showcasing all the bells and whistles and all the potential that could come from ai down the road. this is more fun, less practical. >> when you say very soon, is that a 2024 or 2025? >> talking by the end of this year. i did some demos at the mercedes booth. they have an ai operating system. you can talk to the car. that is something we won't see until probably 2025. some of the gadgets like the

ovens and the fridges, expect them this year. this is about adding distant capabilities. if we are talking about a flying carpet, that will probably be a while. >> have run out there in vegas. appreciated. >> according to the world economic forum, the w ef i think is next week. false and misleading information spread by artificial intelligence is the world's biggest, biggest short- term threat. in the latest global risk report, it says disinformation threatens to erode democracy and polarize society. it's a severe risk to the global economy over the next two years. >> what they are highlighting about ai is also what companies are working on to try to add watermarks. >> amazon is laying off hundreds of its employees are cross prime video and mgm studio divisions according to an internal memo to help

prioritize investments for the long-term success of our business. twitch game streaming also announcing they are cutting 500 jobs. >> you can be in ai and still be vulnerable. thanks, everybody, for watching powerlines. thanks for joining us. >> closing bell starts right now. >> kelly, thanks. welcome to closing bell. i'm scott walked her from the new york stock change. all writing on the next two days, earnings reports looming large. we will ask x it's what it means over the final stretch. 60 minutes to go. looks like this. picking up a little bit, too. nvidia doing much of the leading. what a remarkable run for the stock as they approach another new high. even apple reversing