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 of october.

markets reacting to a stronger than expected jobs report also some strong tech earnings. look at meta, up 20% on a trillion dollar company that is 200 trillion dollars of market cap games. zuckerberg did not have a good day in front of congress on wednesday, but his stock is having a good day today. no company has ever added 200 billion dollars worth of market cap in one day. court? >> wow, that's pretty incredible. results also in from amazon and apple. amazon high, or 8%, boosted by higher holiday sales and apple off it's worst levels after concern about slowing iphone sales. lots of movers in that tech space, tyler. >> we start, courts, with the markets and the strong jobs report that is causing investors to adjust their thoughts on when and how fast the fed might cut rates. 353,000 jobs added. nearly doubled the expectations. wages also came in stronger than expected. that's giving the market a little bit of pause. let's bring here and new face to power lunch, frank martin sano. he is managing director with

wealth spire advisers. and our friends throughout the southeast, back managing partner and portfolio manager with the ucla. he is also our guest host for the hour. surrogates, good to have you with us. i'm told you in fright know each other. >> you do. >> we have a history here. >> good history here, is he all right? he's a good? guy >> he's a great guy. all >> right frank, what do you think? here you are collectively, you're saying you are underweight equities and overweight fixed income. what does that mean in practice when you're looking at someone's portfolio, and why do you have that position right now? >> there is a clear gap between the hard data reflecting how the economy is currently performing, and the soft data which is poles, surveys, and the expectations for how the economy will perform in the future. and we are very confident that

the fed is going to lower rates in 2024, we're very confident, also, that it's not going to happen until the heart that it weakens. and as you could see by today, that's below four point, hard that is very robust, and it's not reflecting the same thing. so, we think that the rate hikes over the last two years will ultimately result in a normal economic cycle, leading to lower growth, lower inflation, and there's asset classes in sectors that typically outperform in that environment, and there's asset classes and sectors that don't perform so well in that environment. so, as a result, we are underweight equities, overweight fixed income. >> and i see you also like gold among the things. , so let me drill down just a little bit more tightly on what's underweight means. does underweight mean you would typically be advising your average customer to be 60% equities and 40% fixed income,

and now, you are closer to 50 50? what does it mean in practice? >> so, for each one of our clients has a target policy asset allocation, which means overtime, for instance, with regards to equities, this is the amount of equities we would expect them to have in their asset allocation overtime. so, relative to that asset allocation, our clients are underweight inequities. >> got it. >> you're with us here, to. we started the show talking about some of these big moves we've seen in tech. obviously, we focus a lot on the magnificent 7. moving forward, how much do you think we should allocate to those big growth names? where is it finally time for somebody else to come in and catch some of this growth and equity prices? >> i think it's fine to own tech, right? it's part of the big distant seven, but it's the size that worries me. if you own as much of the s&p index, they're gonna come down hard. if you own facebook, you're very, very happy today. but if you own tesla and you own a couple of the other, so,

i think to frank's point, there are other areas. i know he like staples and he likes health care, which are areas we like to, because right, now the generals are leading the charge. but what about the rest of the soldiers? i think that's the opportunity in the market. so, it does mean on, tech -- the onset of some of the sectors i've done is. well >> you, like among other things, private credit, as opposed to, you like private equity gets, we'll put private caretta. what does that mean, and where do you go to get it? what kinds of companies, firms, investment managers do your patronize to bring private carotid to your customers portfolios? >> just in general, on a fixed income allocation, we are overweight high quality short term fixed income, and that spreads in the liquid bomb entire are very tight. had a historical level. so, investors aren't getting rewarded for the actual risk

that they're taking in fixed income in the liquidity markets. that is the contrary with private credits. the spread between treasuries and private credit investments are at historical highs. and you can invest in private credit and get equity like returns, which i lean type positions. we also like private credit, because we see private credit as a bridge to a brighter day for private equity companies that are looking for some type of liquidity event in this environment, and they're finding a very challenging. banks aren't lending as aggressively as they once were, and they're going to private credit for the bridge to a brighter day, where maybe interest rates were lower and they can achieve the valuations that they see. >> why go, old front? >> gold because gold typically performs inversely to real interest rates. real interest rates right now are at a very high level, and that would mean that you think

gold will be at very low levels. gold is that historical high, which means there's a tremendous abound of demand for gold. it's likely due to a lot of the macro uncertainty that's out there. and we feel that as the fed does lower interest rates, that will lower the real interest rates, and that could be the environment that could bring gold to a whole another level. >> frank, thank you for being with. us and need to ask you about your golf game. how is it? >> it's pretty good. it's better than sarai's. >> -- oh! >> those are fighting words. >> he did well at the amex program. >> yes, i. did >> last year. >> champion. >> all right, former champion. former. we emphasize. thanks, frank. appreciate it. >> thank you very much for having the. i appreciated. >> very welcome. >> well, the surprisingly strong january jobs report having rippled effects across the bond market. the u.s. treasury yield topping 4% today as investors question when the federal reserve can start cutting interest rates. so, let's get over to the cbo- y, where kelly extended by. he's got a special guest for us

today. hi, rick. >> yeah, hello! a very important. guess this is casey mulligan, economists, professor at the university of chicago, and he was chief economist under the trump administration, with the white house council of economic advisers. welcome, casey! beautiful training floor, isn't it? >> i love, this. rick >> today, we have this whopper, whopper of unemployment report. 353,000, up six tenths an average hourly earnings, look at year over year, well up over 4%, but i noticed the work we took, a, dropped 34.1. and outside of covid, that's the smallest work week in 14 years, and the data series started at 2006. thoughts? >> anytime you have an outlier, that subject to revision. expect them to revise that, then, it also has a effect on the weight because of course, they're taking their earnings to vitamin the working to get an hourly wage. so, that's an outlier on the upside that you could see those both provides than normal. >> that makes perfect sense.

it's just a numerator and denominator by changing the work week down with the same pay. it makes the paint look greater than it is. now, the next topic, we've had productivity out this week. and productivity is acting quite solid. but yet, there's lots of aspects to the economy that don't seem very productive to me, whether it's industrial policy or all the death, but that's huge! her running 21% over last year, and last year was a trillion dollars. so, for the first three months for that much higher. your thoughts? >> i'm a little less worried about the debt, as long as these guys at ladies here are willing to buy it, and it seems like the, rv yields are pretty low. price is high. that's a man's, there so, it's a little bit hard to object to the supply. >> okay, and on the productivity front, do you see any flies in the ointment? or is productivity that solid? >> well, cell it's not the way to describe it. we had terrible historical productivity in 2021 and 2022. so finally, we are recovering some of what we forgot tended to. but we're still not recovering

to our previous trends in terms of getting better and better at what we do. the other trends we're seeing is out of private business, and into nonprofits in the government. and there, we can't even measure productivity. >> so, if you can't measure productivity, so there are distortion second into the system. what about the value of the dollar? even on a quite simple's terms, the value of the dollar is potentially the stronger gift that will have an effect on the output with respect to how they put together productivity. will it not? >> well, it depends on sector,, so very much affects our sectors that export internationally. >> so, international corporations. now, next week, we have freeze, tencent, 30. so you have 121 billion. it seems like everybody pays attention to the option, and it's hard to dispute your thoughts. if you want to buy it, if they like, a club to me the cake. but some of these options have been a little iffy. it's the treasury going to keep a super close eye on this? it certainly seems to me in the future that -- are going to

moderate. >> right, and they have a tough job, trying to place all the securities. it's a massive amount. no underwriters ever had to place before. they have a child for them. >> now, with respect to janet yellen and where they put the supply, where the maturities, our market wasn't very happy that we didn't do more elongated when interest rates were low. it's this not the norm that we're going to continue to see more details of the nothing else? if the feds going to be potentially easing? your final thoughts. >> i found resistance in the treasury department of that. we had talked about maybe having councils like portended the ring the trump administration, when rights were low. they didn't like that. >> i understand. casey mulligan, it's been a pleasure, professor. thank you for joining me today. tyler and the gang, back to you. >> thank you, rick, very much. court? >> yes, i just wanted to get your thoughts really quickly about what we heard from the fed earlier this week. obviously, a bit more hawkish tone than the markets were expecting, and today, we got the strong jobs report data. you think the fed needs more data before they sort of move off of where they are?

how long of a trend we do need to see in any of these data reports to see a change in order to make a change in policy? >> so, i think we need more data, like we had today. i mean, it would reinforce exactly what the fed said. so, imagine if the fed had actually gotten dovish on us. they stay, the command, right? because one of the biggest mistakes the fed can make in an environment like this is to cut rates of inflation is still hot. because then, not only do you slow down the economy, but then, you have inflation at high, and you have stagflation area, which is much harder to get out. so, because it's lacking, i think we're going to have to wait and see what is the next month say, but just a month after that to, if you get any indication on inflation coming, and because wages or hire. now or, get a slowing economy, and we haven't had that. but once they see that, i think they also have to be ready to go. because the other thing you don't want to be doing is causing a recession, and especially if you're doing it an election year, one side is going to be a lot happier than

the other. so, you have to be very careful as to how they play this. >> you think there is still a risk for session? >> i think there is a risk of recession because rates have moved up so fast, so quickly, and you're already seeing delinquencies and in the consumer, you are seeing companies that really spent and capex, other than tech up in, these that are going crazy. but you are not seeing industrial companies as well, and you are also seeing, you know, housing not as robust as it is. so, you could, again, a recession has been and different flavors to it. so, you could see a slowdown, but that's what the fed is trying to do, because running inflation is so hot, it's just hard to do, and especially if the economy slows down. >> i want to take a quick break, stick around. we'll have you back. coming up, big tech coming in hot. apple iphone the band, weaker than expected, but betting big on the vision pro,. amazon punching back into the day i race and that is the year of efficiency paying off big time. when we tackle all of this and more, today's tech check.

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are really out there. it's also telling you they're not going to spend money just on acquisitions that maybe don't make to get punished.

look at hareholder value. i -- >> not this pine a sky stuff. it may not pay off. >> two or three years ago, when it was revenue and we're trying to find, you know have good growing businesses that are high cash flow. not they're entering but growing the cash growth. >> maybe management is maturing. deirdre, you want to jump in? >> yes, it shows discipline but

the reason why tech companies have returned a dividend, there is a thinking that they know best, they know how to keep innovating. in the case of these mega caps, they've shown over the last two years that they can return capital to investors and they can keep innovating. they can walk and chew gum at the same time because, think about it, sderot even set it with the capex numbers. they continue to invest in the cap business, they continue to stay ahead and generative a.i. and special computing while returning investors. you don't have one at the expense of others. that's also an indication of just how incredibly profitable these companies have become. yes, they're waiting in the broader market, it has increased but they're also able to execute on that. >> deirdre, thank you very much. deirdre bosa i. if you're trading in tandem, lithium and uranium becoming night and day. lithium, taking uranium and a 60-year high. is the latter at the risk of going bust as well? we'll discuss further ahead.

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more than 7%. wells fargo upgrading the stock, saying the company's heart valve is underappreciated. on the negative, side charter communications down 16% falling short of subscriber growth expectations. that's your power check. tyler? >> let's go over to the cnbc news desk for an update. take it away. >> tyler, thank you. another twist today in donald trump's georgia election interference case. district attorney acknowledged a personal relationship with a special prosecutor involved in the proceedings. in a 176 page filing, will said, any relationship with the prosecution does not amount to a disqualifying conflict of interest. she launched defense after one of trump's codefendants freeze concerns about that relationship. u.s. appeals court blocked florida from enforcing a ban on chinese citizens owning homes or land in the state. a panel of judges said that ban violates a federal law governing real estate purchases by foreign nationals. that could be a blow to

lawmakers and several other republican led states, including texas and alabama, that are considering similar restrictions. in new york's transit system is getting an overhaul. wider subway cars that passengers can actually walk between. the new york city transit system tested the so-called gangway trains this week. trains like this are common in europe and asia, but it's the first time they would be used in the united states. of course, people do walk between the subway car, is they're just not supposed to because, you know, it's dangerous. court? >> exactly, i was thinking, why do we need this? >> they say it will also cut down on what is known as subway surfing, where people are able to go between the, cars climb up on top and take their -- they get killed. >> that's so dangerous. thanks so much. i >> elon musk, ahead of the curve with the nerlynx. technology would seemingly endless potential. but can you trust any product

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welcome back to power lunch. big week for a pair of drugmakers, bristol myers out with quarterly's this morning. they top estimates as a portfolio of newer drugs posted strong sales growth and merck's results yesterday also beat expectations as expectation was drawn for its cancer drug, keytruda. let's talk about that and if you other medical topics like our attention this week was doctor scott gottlieb, former commissioner of the fda and cnbc contributor. sderot sethi is with us as well. dr. gottlieb, good to have you, thanks for being with. us not going to ask you to criticize worker dries bmi and, mark but i'll ask you about the pipeline. you're a member of the board of pfizer. but bristol myers and merrick, what do you see on their pipeline? are they in danger of patent cliff's? >> look, there's going to be lots of exclusivity across the portfolios of both companies. and across the industry more generally. i think what you are seeing a

strong growth of some of the newer products, the in line products. in the case of bristol-myers, a drug for anemia, another one for melanoma. bristol-myers has a lot of strong drugs in its pipeline. many of which it acquired in the cell gene acquisition, they got a broad portfolio protein degradated looks very promising. a number of late stage clinical trials. this will sell therapies. cardi b therapies that they read from the cell jeans previous acquisition of geno. that pipeline is full of lot a very promising product that's going to continue to our strong growth. the other thing that's happening is a lot of the headwind is that we perceived from the commercial marketplace, from the pbms putting downward pressure on pricing as well as sales, any inability of the drug companies to take the same kind of price increases they've taken in the past as a result of the commercial pressures as well as new legislation, i think a lot of that has flowed through. now, what you're seeing is just that the clinical offerings, the proposition of promise that these drugs are offering

patients, it's so compelling that is driving continued growth. >> let's talk a little bit about the weight loss drugs into the coverage by insurance companies and state programs of medicines this week. north carolina so they're going to stop covering weight loss drugs state employees. you think more states are going to follow suit here and deny coverage? or are these drugs likely to get approved for a broader array of conditions? there is cardiovascular, disease kidney disease and other, things sleep apnea, that may mean that the insurers have no choice but to cover. >> look, i, think that these drugs continue to show profound benefit in wheat associated morbidity's like cardiovascular disease, it is going to be data coming out from lily on their drug in the first half of this year, looking at sleep apnea, looking at these drugs in the treatment of heart failure as well. studies underway looking at chronic kidney disease.

dementia. as these drugs are to show benefits, substantial benefits, i believe, it wait relayed conditions, i think it's going to be very compelling. and i think insurers will feel compelled to cover them. the data coming out of the select trial that no voted looking at wegovy in a reduction of cardiovascular risk and death and patients are in high-risk, could pretty destruction heart attacks. and we are well treated with existing medications during 20% reduction and cardiovascular risk. that was a profound finding and i suspect we're going to see equally profound findings and some of these are the conditions. remember, also the benefits we saw on that, trial the benefits that we're going to see in some of these others, i believe, also the impact of productivity improvement on individuals. it's going to provide a very near term return, particularly from place covering these drugs and the. plans filler trump lawyer and you can get your employees who are overweight under control and they show a profound weight reduction, it's going to be the immediate impact on the employer and will be an

economically compelling reason to want to expand use of these drugs. , if in fact, these companies, lily and navo, have to go indication by indication and expand the labels to because of these indications of the, label the cardiovascular select trials probably going to get in the label on the first half of this year, fda and ema are now reviewing those. even if they have to do that in order to drive utilization and drive coverage, that's still going to be a very big opportunity for them and for patients and public health. >> certainly going to continue to talk about these weight loss drugs for many, many months and probably years here to come. but i do want to move on to a very different topic, neural link, elon musk's start-up company. this brain implant. it seems to have a lot of promise. the first chip has been implanted in a, human according to a mosque. what can we realistically expect from something like this? what innovations do you anticipate and how long will it take for us to really get some data about this?

>> we have data right, now it's in the early days of these kinds of technologies. we've had technologies to provide neural stimulation to the to prevent their putin effects to, patience for instance with migraine dystopia, with a lot of promise. now what we're able to do is implant the sensors that measure electrical impulses to try to drive function in patients who have lost function. and this, case they're experimenting we're doing these experiments in trials in patients who have been paralyzed, trying to read neural feedback from the brain, electrical stimulation provided by the brain correlated with intended function. the intention of patients to carry out certain functions. a lot of the technology here isn't just the electorate itself with the machine learning. the artificial intelligence that sits on top of this. as we get more experience reading the electrical output of brains and correlating it with what the patients intended function was, when the software gets better for driving certain tools that you can actually

drive with your intention, we're thinking about things and that translating into electrical impulses, i think that these capabilities are going to get better and better and it's going to be software driven, not just hardwood it. the soft -- hardware driven. you can envision down the road being of the couple some of these devices that measure electoral goal stimulation with things like imaging devices. pat sensory devices, things that look at brain function on a different level. you can get some very exciting possibilities. i would prefer if neural link was a little more forthcoming and some of the medical literature. you almost has put out tweets and described the trial and indicated that a patient has been enrolled. but i think they should be more communicative with the medical community as well because there's a lot of excitement in the medical community about the potential for these products. >> do you see things like neural linked becoming more from the pharma companies for medical product companies, venture? where is the funding coming for

this and where do we expect in the next couple of years new products to come from? >> it's early, days as a number of academic groups are working on these functions. a number of medical device companies that are experimenting with these platforms as well. is no reason to believe that neural link can't be an innovator in this field. i think that it merges different kinds of technologies, medical technologies around neural stimulation, which are fairly well established. i think this is sort of working in reverse instead of simulating the brain, you are measuring electrical function from the brain. but there is a heavy machine learning software capability invented on top of these that is going to interpret those impulses, and then try to drive certain mechanical devices that can help patients restore some of their function or karaoke certain functions using third- party devices. that's really software machine learning endeavors, where i think some of these tech companies could provide a lot of value at a lot of new. how a company like neural, link

which seems to be trying to combine expertise in both health care and medical device technology with some of that software capability, certainly looks to be well positioned to innovate in this field. >> and efficient obviously profoundly important adenosine, but i agree. the more data and clarity from mr. musk on this, topic the better. doctor scott gottlieb, thank you so much for joining us and covering a wide variety of topics. still ahead, with the ems, pain uranium gain. do commodities trade in tandem for quite sometime. but as lithium stop, stiff uranium is hitting 16 years highs. pippa stevens will tell us, why coming up next. ♪ something amazing is happening here. data is bringing creativity to life. that's because cdw showed animation studios new ways to maximize their infrastructure, then built a flexible dell technologies data solution. more automation led to greater efficiency, which means creativity stays the star of the show.

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all so you can trade brilliantly. we talk a lot about the big bucks, big tech is wreaking. and don't forget about big oil. exxon and chevron combining to earn 57 billion in profits last year. pippa stevens joins us now for more. hi,. pepper >> cup both companies been eps estimates, so coming up short on revenue numbers thanks to softer commodity prices. now, net income for exxon was 36 billion over last year while chevron was around 22 billion. as you can see, that it is well below last year's 2022 record numbers. but it is still very strong

relative to prior years, looking back over the last decade. and of course, these results were impacted by softer commodity prices. the moving over to chevron a few highlights from the quarter, production both in the u.s. and worldwide hit a record number. the company also returned a record 26.3 billion to shareholders. that was a mix of 11.3 in dividends, and 14.9 in share buybacks. the company also raised its quarterly dividend by 8%. moving over to exxon, the company said its increase production in the permian and diana 18% year over year. the company also said its refinery output hit record levels, and finally, also a priority for cheryl their returns, the company returning 32.4 billion to shareholders. that makes 14.9 billion in dividends, and 17.4 billion in buybacks. now, chevron stock has been lagging both exxon and the broader energy sector thanks to

some weakness in the permian output, as well as a delay in their -- expansion. for this quarter's permian production was at a record, and also re-directed the attack ascent is on track. so, we could see some weakness, some support for those shares looking forward. >> people, but we also want to ask you about uranium prices, which had a 16 year high. you've given us a lot of information in this area, so keep going. >> of course, are jumping above $100 for the first time since 2007, and you can see that there was some interest back in 2022 when russia invaded ukraine, and then we saw commodity prices go bananas for lack of a better word with oil topping 130. but then, the interest kind of peters out before really starting in 2023 as it became obvious that nuclear is back. we've seen this renaissance. new nuclear reactors are being announced, that existing ones are staying online for longer periods of time. all of which means more uranium. , so investors might see some parallels between this market and lithium, given that both have attracted a lot of

interest, thanks to their how key they are to the energy transition. they are the commodities of the energy transition. but lithium, of course, top that in 2023. then, has had this huge drop, prices are down 80% in the last year. so, this, of course, begs the question with uranium going up, is it going to have a similar drop looking forward? experts say there are a couple of key differences here between the uranium and let the a market. so, the first is the kind of demand that we've seen, so, with uranium, it's much more inelastic surprise. utilities have to, you purchased rainy on, the matter what the prices. remember that your nuclear is about 20% of the u.s. electric grid. there is also, of course, the fact that the supply response hasn't been as robust with uranium as it has been with lithium. so, there is also the market maturity. lithium is a relatively nascent the markets, which means it's more susceptible to the surprise swings of volatility, versus uranium, who has had been mined for decades and decades, so, we have seen these

boom and bust cycles. johnson can see from usc told us that while uranium might ultimately overshoot to the upside, we are far from those levels. so, a lot to talk about, here. guys essentially, uranium prices at a 16 year high. >> all right, but, let's get the sense of the conversation. these two commodities, is it really as direct and simple as reactors equals uranium higher? easy eagles lithium higher, until evs go into a cloud, means lithium lower? >> i think for uranium, so much of that is because we are seeing all of these nuclear reactors either being built or used. people are saying hey, the demand is going to be there unless something happens. and if it works, it's going to be even more. lithium is very interesting just because a few months ago to now, evs, are all the sudden, nobody wants to own and ev, all the companies making spinoffs all the fast mommy and lithium is coming out. so if there's a long term bid for evs and hybrids, i think at some point, lithium will find its bottom.

and i think that's why, as an investor, you get. and that just give a frustrate, right? same thing with uranium. if you have any type of slow down for any of these nuclear -- >> doom. >> it will come right down. , right? >> that's the sound of uranium. >> exactly. going down. so, again, the reason they're commodity supply and demand and you get trainers in there, too. >> i think you just be careful on each side. >> thanks a. lafayette. you and pippa, thank you as well. coming up, super sized earnings ahead. mcdonald's stop has had a slow start to 2023, but could the restaurants latest spin-off venture leave investors hungry for more? we'll give you that details on that stop and more when power lunch returns. oh, charades! - okay! - love it!

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well, it's time for us today's three stop lunch or look at the three big movers of the day. here is scott nations, founders of nations index. first up is. meta shares are surging after the company reporting a tripling in fourth quarter profit, and issued its first ever dividend. scott, what is your trade on this name? >> meta is a cold, and it is a real hold, not a suit of cell. congratulations up 21% today.

biggest gainer in the s&p 500 and it's a whole because evaluation. it's up 100 percent over the last four months, forward p is now 26, which might seem reasonable but how does a 1.3 trillion dollar company grow into that. i think part of the problem is a i, i think, the perception has gotten ahead of the reality. companies cutting head count, that is going to help u.p.s. when they have regular tory hurdles both here and in europe, and you can't discount the x-factor regarding dangerous to children that zeke had to put up with earlier this week. >> that's right. he has had quite a busy week. so, sir, you are a holder of meta. >> i agree. i will also be trimming some of it. it's just gotten so far, so fast. i want to take some of the profits of. but i will still own it. and i also want to think because you've got the cross currents of what's going on regulatory, but also, you've got a tailwind of advertising this year, because you're in an

election year. take the profits, a lot of that is baked. and then, kind of see from there. >> good point. >> let's move on to our next stop, which is comerica, shearstown around 7% this week as well as stemming from that new york community bank court situation. reignites viersen regional brinks. your trade on this one, do you buy the de pere, or is it a stay away? >> no, tyler, this is a cell. it's a tough business to be in if you are a small regional bank under extra scrutiny. you see that coming on this week. it's because the positives are demanding higher rates, and for something like america, the problem is that the price to book is almost exactly what it is for bank of america and wells fargo. and those big banks can enjoy economies of scale that somebody like comerica can't. companies also in the middle of its 52-week range for the stock price, so, there is room for the downside. management screwed up a tech upgrade the summer, and they just need to really do a good job on the nuts and pull.

for the closing branches, that's great. but it's just an incredibly tough business to be, and i don't want to be along for the ride as a shareholder. >> all right, there's a definitive sell, sarai. pots on this company of the regional banks general? >> i definitely agree. given what we saw when new york community bank, given some of the smaller regionals, transparency is really not there, without knowing that what's under the hood, if you're getting the same valuations, the on bank of america, we and jpmorgan, i gotta be with the big guys or diversify better balance sheets, supposed to hey, if this thing was trading at a very big discount, one of us quiet. also, i think at this point, we're better off saying what's under the hood and what's going on, especially at the first thing. >> thank you friend frank earlier, in the show that we have on -- also apprehensive about regional banks in general. now mcdonald's, the vast 2 chainz that to report fourth quarter earnings report. that's a monday. shares dipped slightly today, but up shoppers at my last year. so, scott, what is your trade on those golden arches? >> this is a buy.

you pointed out the report on monday, u.p.s. expected to be $2.82 a share, that would be a year over increase of 8.9%, which is pretty good, and i like the fact that he's done a good shove of hurdling inflation. they seem to be able to get the employees they need despite an incredibly tough labor market that we've learned more about this morning. also, i like the fact that they're getting into higher margin products. they're going to be butting heads with starbucks in that regard a little bit, but, for somebody like mcdonald's, higher margin products is just wonderful. it's atomic for the bottom line. it's a wonderfully managed company. it's a buy. >> all right, thank, you scott nations. we spoke before we wrap totally up, sarai, what do you think a mcdonald's? >> i think it's a great company. the valuation is just a little more expensive than i would like. i think you would want to own a mcdonald's tech company as we go into a slowdown, because consumers will start coming down size in terms of what they're going to spend. so, it's just an entry point. i think, great management team,

i think they've done a great job in terms of their product selection. the entry point as we're looking at. >> where she bought it there in october,? how scott nations, thank you very much. throughout, that you watch as well. >> still ahead, break up the four cuts and the diamonds. wahab wife aesthetic. is quicker's -- mom or wife a static is in, and clean girl is out, is what we're trying to say. we are taking this fashion trend sweeping tiktok in my daughters closet. that's next. at ameriprise financial our advice is personalized based on your goals,

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uh, how long are you... i'm done. i'm okay. two minutes 45 seconds left in the program, several more stories you need to know about. let's get to. right after this investor bearing to capital pushing metal, it considers selling off its american girl and fisher price brands. no! citing underperformance within those divisions, mattel shares are up around 4% following a letter sent to mattel on thursday. first reported by the wall street journal, but the time makers shares traded roughly -- about the same level as they did in 20 years ago.

>> it's breakup value. so, a lot of these companies have these hidden gems on them, and they kind of gets covered by the lack of the other businesses. so, i think what some of the activists are saying is hey, if you've got really good businesses, you might just have to separate them. then, you get a true value. so -- >> the brush and have the beautiful flowers shined there. >> exactly. especially with the capital markets are looking for that, right? and if you've got growth in american girl and all of that does, why not just separated out and take the valley for it? >> fascinating. well, new fashion trends emerging from gen z on tiktok. mob white aesthetic. it's the style achieved with this bold luxury idea pieces like large gold jewelry and vintage for coach, channeling icons like carmelo soprano and adriano the sarah. this replaces the quiet luxury aesthetic, was marked by expensive materials and brands with a very muted tones and jewelry. what do you think of this one, sderot? >> comments. >> you get to put on your fashion hat. >> this is very interesting, right? you play the retail world, but this just gives you white retail sometimes is so hard to

invest in. because the fat can change really quickly. i mean, i think the quiet one, it was still, they're depending on where you are. but this is going to be extremely fat-ish. >> this is a thing. you termed it. >> this is a thing. i trust my daughter like this, and she was totally on trend at my son's soccer practice the other day. >> my relatives, take note. all right, half of you ex rioters spent, more than you know we are, two, more than 30% of their income in 2022 on rent and utilities, according from the report from harvard. the report considers or suspend 30% or more on their income on housing, rent burdened, or cost burdens. those high costs may make it difficult for them to meet other essential expenses. rent is one of the areas of the cpi that has not fallen back very much, if at all. >> and i don't expect it's going to, especially given where interest rates are. landlords are not going to be cutting runs. maybe they're not going to go up as high, but if on the other

side is the renters don't have the capital to go by, so, you're still going to see that demand there, and then, that's going to take away from the spending. , so talk about mcdonald's segura. >> used to say 28% what's the threshold, or they wouldn't approve you for a loan if your income to payment was more than 28%, whatever it. is sderot, great being with you my, friends. thank you get to power, luxury. body >> closing down starts right now. >> all right, thank so much, we'll get a closing bell on this hour, i'm scott mentioned -- that new york stock exchange. it's make-or-break out begins with a week that was, and the rally that still is. so, what now? with most of the mega caps in the fifth meeting in the rearview mirror, is it still safe to buy into this burst? we're going to ask our experts over the final stretch, including fund stretch tommy in just a moment. by the way, we also have fed chair red vice chair which clara the, former fed vice chair, rich color, coming up in just a bit. first though, your scorecard at 50 minutes to go in regulation like that. there is the dow and -- look at the s&p enough. dak, so as we end