>> four names have been in the strategy amphenol is one of them. >> they've met the rules for the entire time. >> the entire time all technology names right now, we have software at 13%, semis at 10%. >> so we are going to track this movement i will see you for the last hour of the week on "closing bell." "the exchange" is now. ♪ ♪ thank you very much, scott i'm dominic chu in for kelly evans. here's what is ahead on "the exchange." if there was any hope left for a march rate cut, today's blockbuster jobs report put an end to it. but what about a may cut our economist now says that may be off the table, as well. he tells us why and when he sees the first cut coming plus, the headaches of health care billing we'll talk to the ceo of one company hoping to crack the code and leverage artificial intelligence to make it easier for patients and providers

he'll tell us how. and with activist investor activity picking up, we'll tell you which stocks are a bail and the ones that our trader would buy because of that activism yes, you get a bonus buy today because it's friday. you're welcome we begin today with markets and the dow, the s&p 500, and nasdaq, relatively mixed on the session so far as you can see, generally green right now, so tilting towards more positivity. the dow industrials up 0.2 of 1%, the s&p up one full percent and 1.5% gains for the likes of the nasdaq a big reason for that is apple, amazon, and meta apple has been negative for much of the day so far. it has now crept into positive territory, and amazon up about 8% and meta platforms, near the highs of the session, up 22% on the day. more on that story coming up yields, pretty much across the board are up across the entire yield curve,

the benchmark ten-year note at 0.05%. let's start with today's blowout jobs report. while the unemployment rate held steady at 3.7% in january, the u.s. economy added 353,000 jobs last month that's far better than economists estimated on a consensus basis of 185,000 and that is taking the market probability of a march rate cut way down all the way down to a 1 in 5 chance, roughly 22% probability there, with may's probabilities now also for a cut trending lower. our next guest shares that sentiment. he does not see a cut coming until june let's bring in michael gaven, head of u.s. economics at bank of america securities, with our own senior economics reporter steve liesman. they're on the monitors in front of me. steve, as we off do, let's start with you for the state of play and put in contexz just how much of a blowout this number was and

what the expectations could be >> all right let me start at the bottom the bottom is we're adding 100,000 workers, demographically, every month we were looking for 185,000. so we got 353,000. you can see we did a -- more than triple what's needed to put those come into the workforce to work i don't know what you want to call it, just for fun, call it nearly double the expectation. i think a piece of this was seasonal adjustment, we've had four blowout januaries in a row. but you put the revisions in that, and i see serious strength in the job market here along with the higher wages that is worth putting into context i will say this, i think it's interesting, dom, and you are more than an expert than i am, the way the market reacted, oh, my god, strong jobs numbers, the fed is not going to cut. but the jobs numbers are strong, people have a lot of money, earnings are doing well. and then the market seemed to

take the other side of that trade. >> it sure doesn't feel like a recession, whether one is coming or not michael, let's turn to you you're the economist this number compared to what you thought -- i have spoken at length over the week or so to a hedge fund manager who had his own models about what the jobs number would be, and to this source, he got it pretty close to this. he was expecting a blowout number how much of this was a surprise for the economist community writ at large >> i think like steve said, it was double what economists were estimating so there is a big upside surprise here. i do think some of it is related to not laying off as many workers post holiday basis so some of this is a little noise, but it's hard to argue when you look top to bottom across the employment numbers, the wage data and so forth that the labor market is in a very strong position. so there's some noise, but the

message seems to be clear. >> where is the message, michael, with regard to the inflationary context that this jobs number puts the economy in, average hourly earnings still up 4.6% over the same time last year a 19 cents per hour pickup over the last month 0.6 of1% does this then mean that inflation is creeping back, or is this just a little bit of noise, as you point out, that it could be something that we smooth over, over the course of the next several months? >> yeah, and also it could be something that gets eaten up in margins, for example if consumers are price sensitive and don't want to continue to purchase overall final consumer prices are going up, maybe this ends up as a margin story. yes, if wage growth is running above what the fed thinks is consistent with 2%, it will increase their concerns that inflation is not falling sustainably to 2%. i think they would like to see wage data more in the 3.5% range

based on where productivity has been going on average over a longer period of time. so i think this would raise concerns for the fed about the sustainability argument, and why they need "greater confidence" that inflation is subsiding before they begin a rate cut cycle. i think it will keep concerns about services inflation elevated >> steve, i remember sitting here with you out of the -- fresh out of the fed lockup for the rate decision on wednesday and talking about some of the nuance around the statement and the numbers. let's take today's jobs number the market reaction as you point out and juxtapose it with the questions you and your colleagues asked of jay powell during that press conference does it feel like the fed is now justified if holding pat a little bit longer before they start cutting rates hypothetically >> yeah. it's a great question, dom

i thought they were justified at doing what they were doing back on wednesday, as you know. i've been sort of more in the may camp, and i've also been more in the later and less camp, i guess is a better way to put it so i thought it was justified. i think it's going to be additionally justified now, but there is a big question which michael started to get at, which is -- and you asked the same question, dom, which is how inflationary is that we have had strong productivity growth the fed is okay with wage gains equaling productivity plus inflation. i think that's a little exaggerated, but i don't think that we're too much of above that it's going to be really interesting to see how the fed approaches this issue of, maybe we can have what we've had, which is strong economic growth, strong job growth, and still decline the inflation. i think it's a reason for it to pause, but it's not necessarily a reason for it to not cut

entirely this year >> michael, we're going to give you a chance to tell us whether there is going to be a recession in america sometime in the next year, because none of the signs right now on a macro basis point to a recession coming, yet the anecdotal evidence and headlines, with continued tech layoffs in the hundreds, maybe thousands sometimes, still has a real effect on many workers in america. what's the disconnect? >> the disconnect is the econom. technology and finance have been in a different position. but we're largely a services oriented economy if we're add thing many jobs every month, it implies a lot of growth in labor market income, with inflation coming down, that means growth in real personal

income, and consumption can hold up so i think the odds of the u.s. falling into a recession this year are lower, and every time we get an employment report like this, are probably declining by the day. but to steve's point, if it's driven by supply side forces, and the data say solid growth, low unemployment declining inflation, that's the best of all worlds and recession risk is low. but if it means that inflation is coming back and the fed has to raise rates again, maybe 2025 is a different story but i think 2024 should be a good year for the u.s. economy >> policymakers still have their work cut out for them. michael, thank you very much also, of course, to our own steve liesman. i hope you both have a great weekend. >> thank you our next guest says don't be fooled by the data, speaking of. he still thinks a slowdown is coming on the other side of that trade, and when it does, there

are three areas of opportunity let's bring in ivory johnson, a member of the cnbc adviser council. this is our ultimate balance play for this particular part of the show, because we've got some more positive, bullish elements coming from our macro economic an less, and we're coming with ivory johnson. you're not quite as optimistic tell us why. >> if you look at for example the gdp numbers, it was outstanding, over 3% but there's something called the deflator they didn't use the cpi numbers, they used 1.3% that increased the gdp growth by 200 basis points we're having this discussion about when the fed will cut interest rates, because when cpi came in lower than expected in november, but what is behind the scenes, what you'll see is that, you know, the cpi numbers assume that health care premiums declined by 30%. and so i tend to, you know, i

believe in making the main thing the main thing these numbers are good, but gdp growth, 17% contributed by the federal government is what's normal but this time, in 2023, they contributed 30% towards gdp. a new high normally it's 6% that was '22 and '21 last year they contributed 2.3%, because the government spend an extra $2.3 trillion, that's three times what we spent bailing people out in 2008 i don't know how sustainable that is. i would look at our companies making money 40% of russell 2,000 companies have negative earnings take out the magnificent seven stocks, the other 93 stocks had negative earnings growth, negative income growth so it remains to be seen that the economy is going to recover and be able to sustain itself without the government spending. >> ivory, the magnificent seven, or even before they were mag seven, were still the driving

force behind the markets and the driving force behind why the markets kept going higher. and maybe even arguably the reason why there was an economy that never went into a hard landing scenario if you feel as though the other 400 something companies are more indicative, that would have been the case the last six or seven years, right >> it would have been. so that's why these job numbers are so important, because you've got systemic order flows, $460 billion, according to vanguard, that's going into defined contribution plans so 30% of the s&p are these seven stocks, and 70% of those that flow is going into the s&p, going into the stock market, you know, you have a concentration of money going into these companies. the other thing i'll mention is now you have, you know, zero days expiration options, close to 50% of the s&p 500 options

volume right now that was much lower a few years ago. so you're talking about a trillion dollars of no-show value being traded every day, which forces the other side of the market, the person who took the premium, to hedge their portfolio. that creates buying pressure again, it's not two years ago, it's now and i'm still interested to see how all these things will play out. >> all right, interesting. because volatility still remains relatively low ivory, because you are a financial adviser, before we let you go, what do investors then buy given your scenario? >> right so i'm not pulling money out of the market i have the magnificent seven in my portfolios, but you can also add gold it's a safe haven. it got you double digit returns last year. money market funds have no volatility the iea said they're going to have to double the supply of nuclear energy to meet some of these net zero demands

and don't forget, there's something called bitcoin, which you exchange something for a dollar, which is in abundance, for something that is scarce, which is bitcoin so the extent the government continues to spend money beyond their means and create liquidity, you would expect bitcoin to do better that's what happened last year when the rate of the tightening slowed when the tightening increased, bitcoin was bearic >> gold, digital gold and umm qasr coming up on the show, today is the deadline for companies to send the biden administration's suggestions for ai regulation, and the number of companies involved in artificial intelligence lobbying has taken off in the past year the industry implications are coming up next plus, the faa halting production for the boeing max

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welcome back to "the exchange." artificial intelligence lobbying is coming off a record year, as companies in virtually every single industry want to have a say in the government's future

guidelines cnbc washington correspondent megan has a closer look at the numbers for that ai lobby. megan? >> reporter: dom, that's right -- what we found in the data is more than 450 organizations registered to lobby the government on ai just last year. that's a 185% jump from the year before and there's a big range of companies getting into the mix here it's not just tech companies but retailers, pharmaceutical companies, the banking industry. unions, universities, you name it a lot of the big names here just launched their ai lobbying efforts in 2023 for the first time, including apple, tiktok's parent company, byte dance, nike so you can see the range of companies getting involved here. this comes as business are trying to shape biden's ai regulations. today is the day for public comment on guidelines that will

shape safety and security. so we have been digging through the filings to see what companies are asking for one theme is a one-size fits all approach isn't going to work here salesforce is saying regulation needs to take into account the complexity of ai ecosystems. ibm also getting involved here highlighting the workforce implications of ai saying -- >> so we'll keep checking these comments, but there will be no shortage of opinions or money to influence policy >> megan, just how likely is it that we're going to see any kind of real market movement on trying to regulate or craft legislation? this seems very theoretical, but when will the -- when is a

possible timeline to see some legislation or regulation physically concretely come to the markets and come to the government >> reporter: that's the big question it does feel theoretical, but the regulatory effort is moving forward. so joe biden signed that executive order back in oktd there were deadlines included in that, but a big one was 90 days. we past that deadline this week, so this comment period will end, but there is still time here they're really coming up with rules that will come in place i expect this year legislation is a different story, though. of course, in washington we don't expect a ton to come out of congress, especially on such a huge issue, and especially in an election year so there's a lot of bills s floating around. it's not likely they see a lot of movement. but on the executive side, they have some power. >> megan, thank you very much.

we'll see you later on meanwhile, the biden administration is issuing new rules targeting those inefficiencies caused by health insurers denying coverage. but our next guest isalready using what else? ai to do the same thing. predicting and preventing denials before they come in. joining me now is the ceo of anomaly. mike, this is an interesting story. what exactly do we use ai for with regard to moving the insurance industry forward, specifically when it comes to things like health >> yeah, thanks for having me on, dom. i appreciate the question. so what we do, and what i think others like us can do, is really decode and unmask and really present what insurance companies at their base will cover, and pay for, which shouldn't be as difficult to unpack as requiring ai to do it. but it turns out it is >> so this is about trying to

efficiently get folks into a process where they don't feel so intimidated or understand maybe the nuances within certain parts of this insurance industry, because they can be daunting what exactly can consumers or possible policy holders look to gain through anomaly technology? >> sure. i would say certainty would be the biggest thing. there was an interesting survey done by the american hospital association, and they pointed out one of the few things all americans agree on, 83% agree they want more transparency from their health insurance makes me wonder what the other 17% want but no one really knows with any real detail before they get care what's covered i do this for a living and i don't. my wife and i just had a baby and we're still working through various denials. i literally am the ceo of a company that is designed to

prevent this so really transparency and certainty, so that we can know these things up front rather than having to deal with it having we have already gotten care, that we don't know what it costs, and then finding out by the way it's not covered then you have to work backwards through that process we can use technology now to make that much better on the front end. so patients have a better idea, and policymakers can continue to push on their end to require transparency, which i think is -- >> let me say, by the way, congratulations, first of all, on the birth of your child, you and your wife on that. congratulations. so let's talk a little about this, though how exactly do your systems then operate? we've talked about things like large language models and machine learning what exactly do your systems and technology parse through what is it that is teaching so to speak, the systems to tell potential users what exactly is going to be possibly at a higher odds of being denied or paid or

anything else? >> yeah, great question. we really lean on the health bills themselves so the claims that go out from the provider, and then what's called the remix, so what insurers have to send back in a reply, either yes, we paid this or no, we denied it. the reason we train on that data is right now when you think about your doctor, and then your insurance company, whoever it is, they'll have contracts that are largely free texts and have all kinds of disclaimers like, we'll pay the lesser of, you know, when mixed in with real numbers, and then there's policies that dictate the things they'll pay for. sometimes they follow them sometimes they don't and that gray space is where we wind up with a ton of uncertainty and denials, and that's really why we lean on the bills that go out and the data that comes back. so we know that regardless of what that paper says, the policies and the contracts, we're also taking what they're actually doing

so we can match up the gaps, and that's really the intelligence that we're starting with to bring back to the doctors, so they know and can tell a patient in advance what will be covered and what won't >> that brings me to a final point here, mike can you clarify for us who the customer is? there's a lot of stake holders and hands around this medical insurance and doctor, hospital side of things ultimately, who are you trying to get this product in front of? who will ultimately pay for it >> sure. another great question right now, it's the doctors themselves and the health systems that they work in is our primary point. the reason for that is, one, they really kind of keep the keys, so to speak, in terms of the care you get and the bills that go out. and that's really where the trust is in the health system. patients trust their doctors, not their insurance companies. that's where we start. what we're working on is we get kind of a big enough dataset and clear enough data. we want to expos that to patients themselves.

so you can do something that isn't novel in any other industry except health care, which is inform you about the plans you're buying. so plan a covers what you want, and plan b doesn't even something that simple is very hard to do. >> health care such a large part of our gdp in america. mike, thank you very much. >> thanks, dom now, coming up on the show, we're talking about a different kind of artificial intelligence, and that's activist investing, ai, get it a special edition of "three bails and a buy" with what share holders need to know among these heavyweight proxy fights and here's a look at tesla, down 2% after the automaker recalled more than 2 million vehicles for a software update. shares are continuing off their worst day in a year, down 26% since january 1st. tesla shares dn 25ow2.%. "the exchange" is back after this g golf? it's expensive. we're outlawing golf.

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[disconcerting stomach gurgle] not again. maybe i should get this looked at? [suggestive stomach gurgle] zocdoc? [talkative stomach gurgle] you're right, i bet they deal with this all the time. dr. finley really puts you at ease. let's do it! you've got more options than you know. book now. there are some things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices. voya, well planned, well invested, well protected. welcome back to "the exchange." markets right now are generally positive, with the dow hovering kind of towards the higher end of the range so far. at the highs of the session, the

dow is up 136 points at the low point, down 183 and generally speaking, the s&p 500 and nasdaq composite have been solidly higher for most of the day. now over to tyler mathisen for a cnbc news update good afternoon >> thank you very much senator chris murphy said text of a natural security supplemental bill will be released over the weekend. he also posted on x that voting on the bill will be next week. this is in line with majority leader senator schumer's comments yesterday on the floor that it could come as early as today. no later than sunday reddit is set to go public this year, and according to a report in "the wall street journal," when it happens, the social platform will list on the new york stock exchange, not the nasdaq it's a win for the nyse, which battles the nasdaq for ipo listings and podcaster joe rogan reached a new deal with spotify that will let his show reach a

broader audience by distributing the joe rogan experience across multiple podcast platforms the financial terms of the deal were not announced, but the journal reports that it is worth as much as $250 million. dom, let's go into business. >> all right, let's do it. let's make some podcasts me and you, ty coming up on the show here, ripple effects out of boeing 737 issues being felt across the entire manufacturing ecosystem and up next, we'll speak with the head of one company putting their expansion, their personal expansion plans on hold because of boeing's problems as we head to break, here is a look at some of the names hitting all-time highs today in trading. put on that list, nvidia, uber, eli lily, berkshire hathaway, costco, amongstos. "the exchange" is back after this

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welcome back to "the exchange." the faa is halting boeing 737 max production expansion plans last week, following the alaska

air door plug blowout. that's not just impacting boeing but the suppliers joining me now is one of those suppliers. rosemary brewster joins us thank you very much for being part of the show today first off, for much of america who doesn't know what hobart does, what exactly do you do, and what kind of stuff do you supply to boeing >> well, we're a precision manufacturing company here in the state of washington. we've been supplying airplane parts to boeing company throughout the last 48 years and, you know, i'm just pleased to be on the show to help express our concerns and how we see this event moving forward. >> rosemary, that's a good point here how important is boeing for a

company of your size, and just how big are you and how big of a piece of your business does boeing have? >> good question while we're under ten employees here, and have grown over the years, depending on different areas of the industry, we're growing the company now. the problem that we see is that there's a lot of uncertainty out there. and so we have expanded, like everyone else did, trying to support the new delivery schedules. and what we've done is we put on hold our hiring process in a wait and see effort to find out exactly when the faa and boeing will have the final approval to do that full ramp-up >> how would you characterize your relationship, as the, you know, chief executive, president of this company, with your

counterparts at boeing have you guys had an open dialogue about the problems that are happening right now? have you guys talked about what it will mean for your future ability to supply boeing, given some of the stalls that you have seen so far? >> no, and i don't expect them to speak about this issue directly with me i will say that i was -- our company was honored last december with an award from the boeing company for parts shipped throughout the years and that means they have a lot of trust in us, and we will be on their preferred supplier list moving forward with their projects >> in your mind, how important is the 737 max series, the line of jets, whether it's the 8, the 9, the 10, everything else, how important is it in your mind to your future, and by extension,

of course, directly to boeing's future, as well? >> it's extremely important. it's not just my future, it's the future of all aerospace companies, manufacturing component parts for that aircraft depending on which -- whether it be the max, the 10, 9, whatever it would be. but no, it's not just my company. we're all in this together we need to support each other. it's extremely important i would get on a boeing plane today and fly across the company. i have no problem with that. because i know that the people there are doing the jobs that they need to do. this was an anomaly, in my mind. and so far i haven't seen anyone prove that or disprove it. >> rosemary, i mentioned the relationship that you do or do not really have on the boeing side i wonder, can you take us through whether or not you have also spoken with some of your other peer supplier organizations and companies. other suppliers that also work

with boeing, is there a working group or some kind of a focus group that you guys have with regard to how you are navigating through this, and if not, could there be something like a peer organizational group that can kind of help each other work through some of the uncertainties that are happening because of the boeing 737 max production delays. >> that's a good question. we have a multitude of aerospace organizations here locally that we get together once a month, and we're very open and free to talk about what's happening. most of us all agree, we're just waiting to see what's going to happen with the outcome from the faa, and we're all working together to make sure that we are all viable su plppliers to boeing company i support boeing, and their tiers one, two, and three, so i see this moving forward as a great opportunity to be more collaborative and see more

partnerships >> all right rosemary, thank you very much for being a part of this show here and telling us your story we wish you and all the other small and medium-sized businesses that rely on boeing a lot of luck in the coming months >> i think that we're all going to be just fine. thank you very much for having me coming up on the show, there were 600,000 open manufacturing positions in the u.s. last month. kate rogers is in brisbane, california, with a look at the challenges facing the industry, and a company working to change those things kate, you're not in a hard hat, but you are in a facility there. >> reporter: not in a hard hat i am wearing the protective glasses, and we're going to tell you about all the workers that will be needed on modern manufacturing floors just like this one in the years to come, coming up after the break on "the exchange. icy hot. ice works fast. ♪♪ heat makes it last.

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welcome back to "the exchange." 4 million manufacturing workers will be needed in the next few years, thanks in part to recent legislation like the chips act kate rogers is in california with that story, and a look at a company working to close that skills gap and try to fill some of those numerous roles. kate, can you tell us where you are and why you have to wear safety glasses >> reporter: hi, dom good to see you. we're here at amples manufacturing facility the company is looking to double its manufacturing workforce from 100 to 200 workers by the end of the year as it leans into partnerships it has. and manufacturers battery packs for ev swapping and launched an apprenticeship program as a result of "inflation reduction act. it's liking like many other manufacturers and taking on that training itself. >> we started to scale back quickly. that becomes more and more

challenging. so to a great degree, we see the writing on the wall, to the degree right now, we assume that we're bringing people that we are going to be doing some level of trading >> reporter: now, ample is just one of many u.s. manufacturers seeking to hire and upscale its workforce. the manufacturing institute projects by 2030, manufacturers are going to need to fill 4 million jobs and more than half of those jobs could go untilled if modern manufacturing careers aren't pursued the message, this suspeisn't yor grandfather's manufacturing job. >> what modern manufacturing looks like, people don't know. they think it's antiquated or you come in and you do one job they don't know that modern manufacturing today is all about technology >> reporter: and you can expect more positions will need to be filled, because we have seen this increase in construction related to manufacturing,

investment taking place in part to some of those initiatives like the chips act, like the ira, and like the infrastructure law. but as we know, both construction and manufacturing have these long standing skills gaps, and worker shortages they need to bring younger workers in and train and retain them to get this work done >> all very big issues facing a lot of issues right now. are manufacturers using ai, and how can it solve the worker shortage it seems counterintuitive, because i thought ai would take all those jobs >> reporter: it's so funny "the wall street journal" had an article about people corralling to robots now. and ample's ceo told us these robots are getting more sophisticated thanks to robotics and ai, and he hears that makes the job more fulfilling and more challenging, more intellectually stimulating. i mentioned that deloitte had a

study about using ai to recruit the right workers for some of these manufacturing jobs so it's also being used on that end by manufacturers, not just on the floor but during the recruitment process to make sure they're finding workers. >> kate, you covered a lot of small and medium sized businesses we just spoke with rose barry and hobart precision parts they're seeing uncertainty tied to boeing, but there's uncertainty in regard to how ai can be used in these businesses. is there a sense that you get from your travels that ai is going to be bigger in smaller and medium-sized businesses going forward? >> reporter: you know, small and medium-sized businesses are always trying to be the most efficient, because they have to compete with larger businesses as it pertains to making them more competitive, you will see it implemented i think recruitment is one way

and other efficiencies that could present themselves, depending on what type of small business you're talking about. as we know, labor shortage, huge issue for main street, as well number two in the poll last month. we'll see what this month brings on that front. >> kate rogers, live from a factory. thank you very much. we'll see you soon all right. coming up, 2024 is off to a busy start for activist investors this name became a target, shares are down over 50% over the past year. does this mark the start of a turn around? it's our mystery chart, coming up next. keep it right here in the u.s. we see millions of cyber threats each year. that rate is increasing as more and more businesses move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. [speaker continues in the background] the network with 24/7 built-in security.

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you know, i think it's okay to hold, it but if it breaks three 3:50, it's a cell. >> okay, danielle, forgive me for this, because we had just set it up about darren woods and exxonmobil. let's go to our side of the atlantic. what is the trait on exxonmobil? >> so, you know, i like exxonmobil and i'm invested in

exile-y and i am invested in exxonmobil. i think that this is one of the shining stars of within the space. it has been a little bit weak. we've seen a little bit of relative weakness this year, but if, we can break out of above on 105, i believe that be a great spot to add more shares. that being said, if we continue to get this weakness and it breaks down below 95, i would change my analysis,, but this is one of the leaders in the space. >> okay. so, there's the big oil trade. next up, we're going to put a bail up there. it's at sea, in your mind. this was, by the, way the missionaries chart that we showed you just before the commercial break. shares are losing about half their value over the past year, but they pop yesterday after etsy announced a partner from elliott management would join its board of directors. elliott has said it's built a sizeable stake in at sea and will work to improve customer experience and long term value for shareholders. speedy he is saying that he could benefit from a fresh pair of eyes on the company, but danielle, you are skeptical. >> i am skeptical, and i think

that this is a better one to shorten strength. , so i have quite a bit of overhead resistance between 75 and 90-dollar price point. typically, stocks like this are in a longer term downtrend, and they pop on news. especially before an earnings report. if you look at the way that it's behaved, the last three quarters posts earnings, we've then seeing this stop fall. and, when you have a trend like that, and you have a stock that's capping up before earnings, it can oftentimes be a spot for investors to get out. you know? they're losing position. and so, for me, i think this once a short between 75 and 90. obviously, 75 to be the more aggressive level. then, i short it down to 65, throwing above $90 a share. >> all right, danielle, that's the trade on etsy in your opinion there. the last one that we have is the bail that you have on wendy's. which is down 15% in the last year. activist investor blackwell as reportedly plan the challenge to nelson peltz in the wendy's

board of directors, which three fry in records but -- gordon has guys calling it a publicity stunt, as blackwell looks to push back on triumph activism on disney shares. there's so many different activist cross currents here why. are you bailing on wednesdays? >> so, when you look at wendy's, you could see that it's kept up the last few quarters after earnings. however, those earnings have immediately sold. off you can see we have investors taking profits and a chance you get on out of turn move. you also have the fact that it's underneath critical resistance, it's in a short term downtrend, and you, know when you have a stock that is coming up on the earnings reports, that negative reactions to earnings in the past that's typically an opportunity for investors to get out before the report. so, i think this one is a short year, i turned it down to about 1750, just say, you, know i'm wrong about 21, 22. >> all right, danielle, we've got just a few moments left here. speaking of disney, that is a buy for you today.

shares are down 15% for the gear. the company said and april 3rd it for the -- black will, school get the board appointed. what makes you a buyer of disney? >> i think disney's finally turned around. it seems a cell phone before the, while the last two quarters after earnings, we've seen some gaps a higher. . we are. just seeing a positive trend emerging from the lows in disney. so, with this, one it has already rallied, so i don't like it for a buyer here. i prefer to buy it a couple dollars lower, but i think the traders can treated up until about the 100 dollar a share price point. >> danielle shea, with all of those stocks on bails and buys, thank you very much. have a great weekend. >> thank you. you too. >> all right, that does it for the exchange. power lunch is coming up after this. right, now markets again holding onto gains in the dow jones industrial average is currently at session highs right now. just up about one third of 1%. power lunch, up after this break.

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there are some things that work better together. like your workplace benefits and retirement savings. voya provides tools that help you make the right investment and benefit choices. so you can reach today's financial goals. and look forward to a more confident future. voya, well planned, well invested, well protected. good friday afternoon, everybody, welcome to power lunch. alongside courtney reagan, i am tyler mathisen, all three major averages higher now. set to end the week in the green as well. let's call it the first week of february, groundhog day. for the doubt, that is up 13 weeks of the last 14, if we end higher. the dow has only bent down one on the week, once, since the end