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naming it as top pick. an account sharing isn't just a problem for netflix. we will get to that but first a check on the markets. it's been a calm day so far but generally higher. you can see platforms up one and a half percent right now. the other big thing markets are watching right now is big tech and that's the reason we are showing meta platforms up one of the have percent hitting an all-time high. big tech tuesday and thursday. those are the days. >> they don't get any bigger than microsoft expanding its lead over apple in the market cap race but both of those companies will also report results this weekend while those names continue to lead there's also been a flood of money into other high-quality names outside of the tech sector. let's bring in mike santilli for more on this high-quality problem. >> among all the major investment factors, value, momentum, dividend, yield, quality is the one that has performed the best. right up there with both over

the last year and it's happened as there has been unevenness and overall earnings growth as the mag seven trend has taken hold but it's not just big cap tech that is benefiting. you will be talking about costco. that is a perfect example. high quality in retail and consumer staples vastly outperforming j.p. morgan over the other banks. these are just examples and the question it leads to is, are investors overpaying for the best? relative to what the other opportunities are out there. to me, it feels mostly a defensive instinct to go on these types of stocks. there is a momentum factor in there too with momentum -- but right now it feels as if you are starting to stretch that relationship. at least a one decade high. >> stay right there as the markets try to bounce the fed and earnings, our next guest says he is expecting earnings to accelerate for a couple more quarters. we want to bring in dan suzuki,

deputy cio. welcome. good to have you with us. there are a lot of people who think that growth is going to slow and earnings may slow with it. why do you take the opposite point of view? >> it's nice to see you. i think eventually you are going to see earnings growth. for the time being, people have been calling for this peak and rollover in earnings growth this entire recovery but when we look at the data, people forget that we came out of an earnings recession so it's easy comparisons coming out of the earnings recession and all of the data we look at that tends to correlate with earnings suggests that everything is actually quite strong still. we don't have visibility -- too much visibility -- beyond two quarters out or so for the time being we think people should be positioning for this ongoing earnings acceleration and that companies are going to drive that. >> you say as earnings accelerate you have been investing in companies that are least priced to benefit from

that acceleration. in other words, the market hasn't recognized their earnings growth power. where do you find them? >> that's right. there's two areas of the market where you are really not being compensated for that of polish corporate profit outlook. those two areas would be corporate spreads within the corporate bond market and within the equity markets the expensive mega cap growth companies are areas that are likely to benefit from the cyclical improvement that we are already pretty much priced for perfection. all of the other -- the market out there, whether small caps, industrials, or energy, a lot of these areas are areas where they should benefit from the earnings acceleration but their price and historically low evaluations. >> one of the things investors and traders are looking towards is this idea that there might be a recession. we've been looking for one for a while but it hasn't come. are there any signs out there that a recession could be in the cards sometime down the

line? are you looking at things like bond spreads or credit quality? are there warning signs there or is it all clear for the time being? >> that's a really good question. it depends on your timeline. economists have been calling for a recession for over a year. the recession that never came. all of the signals they were seeing back then that would put us into a recession, some of those are still with us. we have the inverted curve that now looks like it might move back into positive territory. we have areas of delinquencies, picking up. you have some signals, the ism has been quite weak but the reality is if you look at the levels of the data, most of those areas of data are showing improvement and resiliency. not to say you are not going to get a recession and if we are talking back half of this year into next year, that visibility has been murky but everything we look at suggests there is no recession imminent anytime

soon. >> mike santilli makes an interesting point here and that is that there are sectors of the market that will have good earnings growth but have not been rewarded for that. their evaluations are not the same as the mega gap text. but, those -- momentum is sometimes a hard thing to break and the momentum seems to be with a lot of those big cap text -- tech stocks and not with emerging markets. >> that's true and you have this situation where those big cap tech stocks are providing a huge percentage so it isn't such a case where they are purely defensive meaning they are slow growth and they won't hurt you on the downside. they have both going for them right now but there are other parts of the market that aren't really given a lot of credit for any cyclical upturn. maybe we will remain in this late cycle motive waiting for the economy to soften up enough for us to say that a rescission -- recession might be imminent. you have to keep watching

private sector payrolls. they are decelerating pretty quickly and all the rest of it but in the meantime, the market seems like it's not really willing to make the leap to say we are out of the woods. if you think we are those stocks may look cheaper. >> what about this idea that inflation is still front of mind and much of the run-up that we saw late last year was tied to the idea that interest rates could be headed lower and central bank policy could change? how much of that is the driving force behind anything else we see in the market rally that is hypothetical to come or is it all fundamentally driven and earnings season is key? >> as part of the backdrop. the idea that financial conditions have loosened and may loosen further still. whether that means the fed is going to cut as much, that's not the point. the point is, yields are off their highs significantly. the fed will make its next move

lower at whatever pace makes sense and inflation is at this point -- it has some downward momentum that the market has feasted off of. in the last two months of last year, that meant an everything rally. all stocks went up. this year it's been about that narrow group of acknowledged leaders still carrying things. >> thank you for being with us, both of you. >> bond deals are falling today ahead of the fed's two-day policy meeting. what are the traders looking for out of the bond pits in chicago? rick santelli is joining us from there now. >> reporter: they are looking at everything. pretty much everything. today 3:00 eastern. the treasury will let us know what their needs are but the real announcement for the february fronting will be on wednesday and everybody knows that we are going to be at higher levels and in the year 2021, post-covid, we saw big supply. that's when we saw 61 million two's and seven's were over 60

billion. these sizes haven't been around very long and they are coming back. if you look at the last fed, look at a two year period two year yields have dropped down. look at a 10 year period thought -- not stubborn. more stubborn. being more resistant to the notion of what rates you are going to do even if the fed eases, we have lots of debt. the spread is almost 30 base points less inverted since last fed meeting. let's go talk to a trader. jason. >> how you doing? >> very good. we have the fed meeting, the jobs report, and on wednesday we get some notion from treasury. what should we be paying closest attention to? >> it's a busy week. only 20% of the s&p's reported earnings. all the big names, microsoft, amazon, apple. we will have a lot of data to

look at as far as how is the economy doing? can they start lowering rates or do they have to stand still and stay status quo and just wait? >> do the sources you talk to think the fed is going to go with the recent trends in inflation? do they need to wait until it gets to a 2% level? >> i think the market is anticipating five to seven cuts while the fed has said we are only going to have three. it is a push and pull and overall i think they will wait for more data and wait for march to have a real chance. >> are we seeing a big build in volatility considering march is the big orderly expectation? last year they really tilt up some pressure. are we starting to see that considering march is a quarterly cycle? and it's when the next fed meeting is at. it really looks like a possibility of a -- >> over the last few weeks anytime it has hit this point

of 12 1/2, we have seen an immediate pop. there's plenty of people out there calling that there is a bottom and something should happen and i would anticipate some fireworks in the future. >> jason always a pleasure. tyler, back to you. >> in the latest front in the economic battle between u.s. and china, ai. growing concerns that it could cost the u. in.s the long run. that story is next, when we return on power. >> the bond report is brought to you by pimco. of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help reach your goals with confidence. my sister's told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial.

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the commerce department issued a new rule today that would require tech companies to disclose to the federal government any time a foreign actor uses their cloud to ults any time they train a new ai system. commerce says the new rules are aimed at preventing what it calls malicious foreign actors from using u.s. cloud technology to undermine u.s. national security. and essentially, the concern is that a country like china could access our ai systems and use them against us as they train their own models. that's what this would prevent. commerce has already issued expert controls to try to block china's access highway of semi conductors. this is a new step aimed at regulating the cloud itself. the new action stem from the executive order president biden signed in october and at the time the pushback from big tech companies was that too much regulation of u.s. companies would stifle innovation and hurt their competitiveness.

while this rules would require them to disclose information on users, the goal in doing so is to stop china and other foreign actors from outpacing the u.s. >> i will pick it up from there, thank you very much. megan castella reporting from washington. with washington pushing more regulation of ai, our u.s. companies going to be hampered by it and will this give china the lead in the ai race? here to discuss, the chief executive of crane shares. the chief executive in china among other places. is the u.s. still ahead of china in ai or do you disagree? >> yeah, ai is transformational and probably the most impactful innovation of the century. it's compared to like the steam engine, before. and i think countries will develop ai and there will be

multiple leaders out there. everyone compares the u.s. and china and i think the u.s. will be a leader. china will be a leader. europe will be a leader. even israel can be a leader. a lot of ai is really developed -- it's data-driven. when you have a large population, 1.4 billion people in china, you have access to a lot of domestic data and a lot of this is going to be organic. organically developed. every company in the united states and china has to have an ai strategy. employees across all of these -- > looks like we lost him. jonathan crane of crane shares. we will try to re-establish our connection with him but in the meantime we will take a quick break. we will be right back when we figure things out. thanks.

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hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. let's bring back jonathan crane. we re-established contact. pardon the interruption, jonathan. china may not be leading in the

ai race right now but they have certain advantages there. does the rulemaking out of washington enhance the ability of china to compete or do you think it will be helpful and can the u.s. and china cooperate on ai instead? >> absolutely. china advantages are their population. it's 1.4 billion people feeding all of the data. also very strong government support to develop ai. so, they will be a leader out there in ai like the united states will be a leader and as i mentioned, europe could be a leader too. there will be multiple leaders all with ai, domestically and organically. that is for positive ai to help corporations and efficiencies. but also countries need to cooperate. in the u.s. china relationship around governance of ai, it's going to be very important that we are working closely together to prevent anything around negative ai in terms of uses of ai and i think the u.s., china

communication and relationship around ai in terms of global governance is going to be very important and that includes all countries. >> jonathan, it's dom. there's one thing very clear right now. the u.s. is trying to regulate and throttle back access to technology that could help china gain even more of an advantage in artificial intelligence. i'm talking computer chips. export controls and everything else. how long does it take china, hypothetically, to grow its own semi conductor business that could rival the likes of giants here in the u.s.? >> the measures that have been put in place around not allowing china access to u.s. high-end chips is actually forcing china to develop their own industry faster. so that is the response, but i still think there will be some cooperation.

you had nvidia ceo recently in china meeting with various companies there, and they are going to come out with china specific versions for ai chips. so i still think there will be some cooperation from trade between u.s. and china, but, look, with the race around ai, china is trying to develop their industry very quickly. >> if i want to invest in artificial intelligence through domestic stocks, which would they be? the big household names or something below the radar? >> i think it's both. the larger companies that are developing ai strategies, these could help those companies grow even faster and that is both in the u.s. and china but also

early-stage companies that are very focused on uncertain types of applications, that those companies also have great growth opportunities and we are seeing that both in the u.s. and china. we even -- each country will have its version. badoo which is a leader in ai in china, their chatgpt is called ernie bought and they have many users. you will see a lot of innovation out of u.s. and china and a lot of opportunity to invest in stocks in both those countries. >> we put up chinese internet stocks. i'm not sure those names are ones that you necessarily endorse. they include baidu , ali baba, njd.com. are those ones you would say would be invest able for u.s.

investors? the chinese market has stunk lately. >> that creates the buying opportunity. i think the china market is oversold and a lot of it is not fundamental. those companies, baidu , ali baba, tencent, they all have ai strategy and they play into the 1.4 billion people providing data and fueling the ai in china. so those are very good opportunities. >> if i'm persuaded those are good opportunities, and my best served by trying to assemble a portfolio of individual stocks on my own or going with a fund like the one you run which is u.s. china internet, krane shares or what? >> i think you take a portfolio approach. k web is the top 31 companies in china using ai so that is a

good way to approach the china market through an etf that has the whole industry. >> thank you so much. we appreciate it. jonathan krane. oil falling today despite violence in the middle east over the weekend. pippa stevens here to explain. oil was up early, then lost its method. >> that came after the drone attacks in jordan that killed three u.s. service members and also on friday, we had a russian fuel tanker hit or a fuel tanker carrying russian fuel, and what was really the first instance of a major energy tank. it was transiting in the gulf of aden, going up and so far we have the majority of the attacks have been on the container ships and energy has

largely been left out of that so that was surprising but ultimately what we saw today is that it's still not enough to outweigh the fact that no supply has been taken off-line and john said that this market should absorb a lot of strife just because it is very well supplied. we also have the chinese property developer, ever grand, with liquidation there. china is the world's largest crude importer so that is also having an impact today. >> do you think this is a situation where the supply picture is about as balanced as it can be, given the price action? or is it just going to be predominantly through the downside no matter what geopolitical risks happen? >> based on the estimates out there, it seems to be a very well supplied market and i think the rebound in chinese demand was what was driving so many of the games last year and that never came to fruition so that is still very much a wildcard. we are going into the lunar new year and should see strong demand there for jet fuel but for now until there is a disruption, we did see ukrainian drone attacks on russian oil infrastructure so that should be something to

watch going forward but until supplies taken off-line it should be a balanced market. >> thank you very much. let's get over to contessa brewer for an update. >> the pga tour is on the brink of finalizing a $3 billion investment. the deal from the strategic sports group which includes the fenway sports group along with new york mets owner steve cohen and former milwaukee bucks color glossary, could have additional investment from the saudi public investment fund according to bloomberg. it could reportedly value the pga tour at about $12 billion. meanwhile, the white house announced $3 billion to combat homelessness today. the fund will go toward more than 7000 projects that provide housing assistance or support services for people who are unhoused. federal data released shows the count of homeless people in the united states is now at its homeless dutch highest record. suits just beat -- for most

streamed in a year. 57.7 billion minutes streamed in 2023 according to nielsen. that eclipses the office 2020 record of 57 billion minutes. some other top shows last year were blue we, in cis, and gray's anatomy. gray's anatomy it would take you that long to get through -- how many seasons are there? >> i remember suits when it first aired on usa network which is of course an nbc universal property. it's amazing. thank you very much for that news update. jeffries is naming costco atop citing the fact that it's a business model is still working hard and it's holding up. we will speak to that jeffes ri analyst, coming up next.

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being with costco cfo and visiting some of the locations to channel check things himself. joining us now to tell us what you learned is corey tar low. corey, we wish you were here in office. we will forgive you for this particular in fraction. take us through it. >> thanks for having me, what i would say is last week we spent some time with the costco cfo as well as their head of ir and financial planning and we walked away feeling very positive and bottom line, the company feels very healthy at the moment and we feel comfortable buying shares here because we see a lot of upside to numbers ahead. it's really driven by traffic so the company's traffic growth has been up 7% in the last month or so and if you look at a cross retail, many retailers are seeing traffic up, low

single digits, some are up mid- single digits and some are up negative. i think this is a function of member growth and the membership is now at 72 million with strong renewal rates that are now at all-time highs. 93% and so, the one-liner here is really simple. more people are going to costco more often and they are continually renewing at higher rates which should drive up the numbers ahead. >> what exactly is driving the upside in membership? what are they doing differently either from a marketing perspective or from a product offering perspective that is getting more people to want to sign on for costco memberships? >> i would say it's two things. the first is the ongoing focus on value that costco always tends to drive. their prices are among the best. they are up 3100 units or different items in their store and often, for those items, people know they can get their best value for the price that

they are paying so, that value offering that costco has, tends to drive a lot of continued visits and stickiness among a lot of the -- what the consumers want. general merchandise another 40% of the business is key to driving that bounce so people go there for things they need and we also have the other side of the box which is the things that they want at very good values. the second component to this is auto renewals and auto renewals, as people sign up for membership, it automatically renews, year over year so you get a natural accretion as new members sign up. >> that's the big thing. i was going to mention that because i belong there. but, once you are in, inertia takes over and you are likely to stay in, particularly if they automatically renew and the charge hits your credit card or whatever it is but how big are they? because i honestly don't know.

how big is costco overseas outside of the u.s. and is that an opportunity for them? >> it's a very significant opportunity overtime so the business has about 800 clubs. 600 are domestically focused and we spent a lot of time in our meeting with cfo talking about the domestic opportunity because i'm a frankly, most of the new openings of the 30 or so openings that they are going to be doing this year are going to be focused on domestic opportunities because the demand at some of these units that it has is just so strong and they need to build new units to be able to alleviate some of the pressure on the existing units that are just performing at such a high level. on the international side, that's the other 200 units that they have. performing more broadly, very well and we've seen some promising data points out of geographies like china, mexico, and the uk, as well as spain. they've talked positively about all of these regions recently and there is also the benefit of slightly higher margins in some of these regions too

because of lower labor costs. >> like tyler, i too am a costco customer. i will be transparent about that. the one thing they've done that i've noticed over the last several months is they've no longer just checked my i.d. at the door, they also checked it when i'm checking out as well. and they match my picture. it's the password sharing crackdown. that sort of thing. and they do all of these things. is this going to move the needle for costco? the idea that they want everyone to get their own independent membership and they can just share with other people? >> it's interesting that you bring that up because when i visited the warehouse that is nearby the corporate campus, i actually got a first look at one of the new pilots that the company is running and this is a member scanning technology that, as the -- at the door, when you walk in, it's basically like signing into a concert, using a key at a

concert or ticket at a concert to sign in and basically get checked at the door. it will hopefully alleviate some of that potential friction at checkout bringing that out front with this new member scanning technology pilot which is now in three stores with the potential to rollout more broadly. >> it looks like somebody cleaned out your office while you are away, corey. >> it's a brand-new office. >> you need to go to costco and furnish it up, my friend. thank you for your time. corey tarlowe. did you notice that? there is nothing in there. >> he needs more stuff. get a good cheap l.e.d. >> kaman, jeffrey, get us some furniture. still ahead, the first-ever watch week is underway in miami. robert frank has the details when power lunch returns.

some of the watches are really expensive.

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welcome back to power lunch, everybody. lv image trying to attract attention from its high-end watch business and what better way to do it than by renting a mansion? robert went down to miami to check it out. >> reporter: their shares up again after rising 13% on friday. lvmh can afford to rent this $50 million mansion on star island off miami beach. the company is really making a play for the global watch industry. those sales rising to $28 billion last year expected to go to $37 billion worldwide over the next decade. lvmh already owns 10 watch brands. including dennis. but what they really want is to crack the top tier that includes rolex.

while overall sales slowed last year a bit, they are already seeing positive signs that 2024 will be a rebound. >> the beauty of america is the cycles are very short. they go through ups and downs and all that. it's definitely on the positive upswing and definitely with good traction within the u.s. markets. >> reporter: today marks the start of lvmh watch week in miami. the top executives are flying in from switzerland and france to show off their latest models. tyler, you are talking about how expensive they are. they start from $2000 and go all the way up to the millions. we've seen watches released that are $500,000 where there is a waiting list. at that very high end, demand remains strong but that is the market that all these watchmakers are trying to crack right now. >> wow. are these collectibles? or are they kind of ready to

where? >> that's a great distinction. what they really want are collectible, investable watches. if you look at rolex, those watches typically gain value after you bought them and some of these top brands do if they are limited reduction but what they really want is to have a watch that when you buy it, it's worth more one or five or 10 years later. that's not the case now but that's where they want to get to where you can call it an investment, not just a timepiece on your wrist. >> i didn't know that at all. that's fascinating. robert frank in miami. and robert is not the only one in florida today. melissa lee is in miami beach at the global alts conference for a special edition of fast money. we got a first look at the big hitting lineup you got tonight at 5:00. tell us about it, melissa.

>> sorry you couldn't join us here, tyler. we are here at the hotel in miami beach for the global alts conference. it is a who's who of hedge fund managers and wealth managers and asset locators all together in one place. we will be joined by founder and ceo brad gerstner to lay out what to expect out of big tech earnings. alphabet, and microsoft. tomorrow we will find out where he sees tech heading next. we will also hit the sports betting boom on the back of the listing. draftkings investors, rick heitzmann will weigh in on this debut and something a little spicy. the cofounders of a hot sauce company, how they landed an investment from kim kardashian and we will do a taste test of our signature blend there. a jampacked two days for us here in miami beach. >> that sounds fantastic.

>> i use truff. >> oh, good. melissa, we will be watching. is now the time to get in on the sock? our trader will tell us how he is positioning on at ne thamand a couple more, next. money man) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our clients' portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different.

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by downloading duckduckgo on all your devices today. time for today's three stock lunch. we look at three big movers of the day and here is boris, bks managing director. also a cnbc contributor. let's look at so five technologies. the stock soaring on earnings. the company reported its first ever quarterly profit. stock up as much is 22% today. your take on so five. >> it's a really interesting story. it's clearly proving that an online only bank is starting to resonate with consumers a lot. growth has been tremendous. 41% growth rate. we covered most of -- business is really cooking and

management is also very conservative in terms of how they forecast their numbers forward. it's definitely very expensive at this point but if you have a two year timeframe, it's probably going to catch up with its earnings because it's now starting to i think it is very feasible that by 2025 you could see 10,000, 11,000, 12,000 stop even its potential. >> all right, boris. that's the trade anna sofi from -- let's go to warner bros. discovery. wells fargo analysts are downgrading that to equal weight on what it is calling a risky earning set up. shares are down 3%. you can see the trade untenable uvb. >> so, i probably have a little bit of -- i think this could be a value trap for a lot of people. i know the bullish case on warner bros. is they are the second biggest spend on contact after disney.

they have a stellar library of assets, so on and so forth, but the bottom line is they are basically still in the broadcast business. the broadcast business is dying with the actuarial tables. when you look at news ratings for the election season this year, they are 50% down all across all the networks. no one -- i think that is a very big problem. the old adage that contact is king is false. i think netflix is proving that it is subscribers that arcing. you can always buy content later. i think warner bros. -- i would be a hard pass right now on this stop. >> hard pass, all right. bad news for television watchers. finally -- cnbc, come, on man. give me a break. shares are moving as competitors products are pulled from the market, the ceo also said that weight loss drugs have not lessened the need for sleep apnea treatments. shares are up about 1% today

and 12% so far this year. your trade on resmed? >> right, this has been a gift to investors in many ways. they are in a business which is very, very much going to be in demand going forward. the company projects almost a billion people across the world who have various sleep disruption problems, including sleep apnea. the demand going forward is just going to be very steady. i think the fear that the drugs will essentially eliminate the need for this product is proving to be very false. even in the worst-case scenario, maybe just a 15% hit to the overall market. what they have actually found when they did a study is that most people who actually took these drugs actually increase the demand for these products because they wanted to maintain their overall health once they were in a better position. overall, this is been a great scoop for investors. it actually bounced quite a lot since then. again, i think a long term a very steady procession proof business.

it's receiving demand outside of any kind of -- >> it's not a sin or. >> i see what you did there. >> talk to me about where you see the fed meeting later this week. what does that do to the markets, if anything? >> not much. i think the market expects the fed to do nothing. i think the fed is going to be far more cautious. everyone in the world has already talked about the fact that the market is interested in way too many rate cuts than what the fed is actually going to do, but i don't think that is really going to matter because if the economy continues to chug along and we still continue to see earnings growth, it may not matter as much for the fed to cut rates. they will probably ease. at the very minimum, everything in the market is a matter of relativity. the fact they stop tightening has created a lot of good conditions on the market. people are saying that lending is better. all of that should point to a more positive market move in the near term. >> don't sleep on resmed, says

boris schlossberg. still ahead, the san francisco 49 hours are officially set to take on the chiefs of kansas city in the super bowl and taylor. how much will it cost to see the big game in person? we will break down the prices next.

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we have three minutes left in the show and there are several more stories that we want you to know about. first, of amazon says it will move forward with the plan acquisition of irobot. the two companies said there was no path to regulatory approval for the deal. the roomba maker announced it would layoff 31% of its employees and that its ceo would step down effective immediately. the future for irobot, what does it mean? >> that looks like heading for the exits. >> maybe it is lawnmowers or other cleaning type products, they said. >> read it is being advised

that it's hotly anticipated ipo should consider a target evaluation of at least five billion dollars. this is according to a report from bloomberg. the social media site fired for -- it was then valued at about ten billion dollars in a funding around it completed in that year. it's now half that amount. what does that look like? what is its competitor? is it meta? >> i guess. i guess. >> how do you value that? >> anyway, new york city's return to office gained steam at the end of this year. the average visitation rates at 350 manhattan buildings rose to 67% of the 2019 levels according to the real estate board of new york. that is up from 65% -- >> does visitation rate mean that i have gone there? >> a lot of times, they look at turnstile swipes and things like that, but a lot of wall street firms are getting their customers and employees who want to go back to physical locations. >> the monster who confessed to

stealing judy garland's ruby slippers from the wizard of oz was spared prison time. he would look good in those slippers in prison, man. terry john martin stole the slippers in 2005. he thought they were worth 1 million dollars. he would look like a million bucks in those slippers, man, because they were adorned with real rubies. they are not. it's just glass. martin is very ill and on hospice care, so prosecutors agree he should be spared prison time. >> i don't know where to go with that. >> i want to talk about football. i'm going to talk about football. the san francisco 49 hours are set to take on the kansas city chiefs insuperable 58. tickets to the big game are going to cost a pretty penny. according to ticket iq, the average ticket price for all tickets is a whopping $10,752 which is the highest ever average price for the super bowl 16 days ahead of the game, except for 2021 when the

stadium was at reduced capacity. the most expensive single ticket is $80,130 for a suite at the 30 to 35 yard line. go nine hours. >> thanks for watching power lunch, everybody. closing bell starts right now. >> welcome to closing bell. i'm scott wapner live at the new york stock exchange. this make-or-break hour begins with tech earnings, the fed meeting on deck, and how to best position ahead of all of that. we will ask our experts over this final stretch. in the meantime, here is your scorecard with 60 minutes to go in regulation. it's been a mostly mixed day for the major averages. we are getting a little bit of a pick up here. take a look at the nasdaq. it's leading the way today. investors are assessing what is really at stake over the next four days. we will let you know. the s&p is above 4900. it's going for its first ever close above that level. we are going to keep our eye o