♪ hey, welcome to "power lunch," everybody. alongside courtney reagan, hello. i am brian sullivan. coming up, ai is everything to everyone, everywhere. we're talking about in washington and silicon valley and maybe soon at your local electricity company. we'll explain all that. plus, as earnings continue to roll in, we're adding block to today's three-stock lunch. we'll get the details on chipotle, eli lilly and spotify and ask our trader for her take on each of them. yeah, we know gawk is extra.

the dow is higher but just .3 of a percent. the s&p 500 just about flat and the nasdaq is down here slightly. just by a hair. brian? >> all right. shares of palantir probably the big, single stock story of the day. and we say that because the stock is up 29%. this after reporting results which were mostly in line with expectations. what's boosting the stock is the company's comments about commercial demand, not in government, commercial demand for its ai products which is surging. the company is hiring aggressively to meet that demand. palantir up 29.4%. >> it is everywhere. ai and how to deal with it rapid growth is becoming a key issue for just about ere industry as we have gone through here briefly. we have three reporters on three seemingly unrelated stories that have one common bond, preparing for our ai future. emily wilkins on what washington is doing, julia boorstin on facebook, trying to manage ai fakes and pippa stevens on the

impact on the electric grid. emily in d.c., kick us off. welcome back. >> reporter: hey, courtney. federal regulators are only beginning to set down guard rails around ai, but they're already beginning to face pushback from lawmakers. the new bill would kill a yet to be finished s.e.c. regulation on how financial advisers use ai. now, this rule would require firms to ensure that any predictive technology that they're using is free of conflicts of interest and that it puts the client first. but republican senators ted cruz and bill haggerty said that the rule goes too far and would be so costly that it would prevent any new technology from being used by advisers. listen to what bill haggerty told squawk box this morning. >> encompass anything from a small kcalculator to a website. increased compliance cost, increased liability and therefore it will lessen the access retail investors to the marketplace because the

companies involved in this will stop offering technological innovation. >> well, the bill doesn't have any democratic support at the moment. republicans might not need it. they could potentially take the rule down on their own if they can hold on to the house and win the senate and then the white house this november. if so, they can overturn recently finalized rules from the biden administration with a simple majority. we'll keep a close eye on those elections, those regulations and how it all pans out. >> emily wilkins, by the way, we have ted cruz on last call tonight. i had to get that in. paid to tease the show. 7:00 p.m. on we'll have cruz on. emily, to talk about ai and some other things. you're in d.c. i want to look good. can you give me a really smart question i should ask senator cruz about ai because you know more about it than i do? >> reporter: one thing we heard a lot from majority chuck schumer, that's a different party, he touted this bipartisan working together on ai legislation. we had elon musk, mark

zuckerberg come up to the hill, talk with senators. so i would really love to hear a sense from senator cruz on where legislation is at on ai, if he thinks that might actually be a possibility this year. we're already seeing the senate struggle with things like passing the supplemental funding, getting stuff on the border done. they certainly have other major must-dos these year. i think it's a very valid question if they'll have time for ai. >> ai seems so far ahead of so many people's understanding. i just don't know how you can possibly regulate it as well when it's changing so rapidly. >> maybe they can get ai to regulate itself. write good regulation, ai. i command you. and it will happen. >> it probably could, right? >> it probably already has. emily wilkins, thank you very much. efforts by social media companies to stop the spread of fake images like the taylor swift fakes which burned up the internet for a short time. ju julia boorstin is here now with new steps that meta is trying to take to combat fakes. >> reporter: meta labels content

created its own ai tools. but the company will soon begin using meta data to detect and label ai images posted to its platforms from google, open ai, mid journey and shutter stock. meta saying this is the first time a company has been able to label ai that is not its own ai. now, meta's president of global affairs writing in a blog post that they are working with industry partners to create common technical standards for identifying ai content. saying, quote, we're working hard to develop classifiers that can help us to automatically detect ai generated content, even if the content lacks invisible markers. at the same time, we're looking for ways to make it more difficult to remove or alter invisible water marks. saying they are building out this capability now and will start applying labels in all languages that they support through the next year when there will be a number of important elections happening. meta says it is hoping to lead an industry-wide initiative so nothing can fall through the cracks, especially when the risks of ai manipulation of

elections could have such massive implications. guys? >> that is exactly what i was going to ask, julia. of course you went right for it. that seems to be the big worry these ai generated continue tents of any form, video, still images or otherwise percolated on social media during an election time. i understand the meta data and trying to identify that and label that as ai even if it was generated on another platform. would that potentially then work the same in these political campaigns if they're ai generated. >> exactly. that's really what this is targeting here. i think what -- so, important to acknowledge is that there are still just a handful of companies that are making really compelling deep fakes. not just about still images or video but also audio. there's a lot of research showing that audio deep fakes can sometimes be the most convincing because it can sound great. you don't maybe see that the video doesn't match exactly. so what this would do is be able to identify these major platforms where you could create deep fakes are being up loaded

and shared on say, instagram or facebook, et cetera. so the opportunity to be able to identify, detect, label ai no matter where it's created would really be a game changer in helping to protect the integrity of elections and to avoid manipulation. >> and so i guess then to that point, you use the word label, which is i think how you described it when you're using the meta data. if it is ai generated content and has to do with election, would they label it as ai or go so far as to remove it entirely. >> that comes down to the nuances a of what the rules are on meta. and for instance, they have rules saying you can't have content that's designed to incite violence, so there's some question about that. and who knows what kind of deep fakes would be created either in a video form or a sort of still photo form. so i think that's really depends on whether or not the content adheres to the rules of meta. i think if you can label something and say this is a fake

image, then that's very different than trying to say, hey, look at what's happening here. look, there's a polling place that's on fire. don't go vote. and i think that's really the risk, people being discouraged to vote or perhaps pushed to vote for one person or another based on fake content. >> got it. fascinating stuff, julia. i know you'll continue to follow this. i'm sure when you saw ai brian talk to himself. that was eye opening. >> it was creepy to me, too. that guy is more handsome than i was which was annoying. >> the voice. >> that was like last year. we should rerun it. it was pretty wild. kind of scary about tim plications of what's going to happen. >> and opened my eyes what could happen with us in news. >> like calling people on a robo call in new hampshire telling them not to happen, like that just happened, yeah. >> thank you so much, julia. so ai replacing bitcoin mining as the new energy hog. pippa stevens has a look at whether the energy grid is

strong enough to keep up with this increase in demand. just something else to strain this grid, pippa. >> reporter: that's right, courtney. when you think ai, big tech and chips are probably what come to mind. but those chips are used in data centers and those data centers need a whole lot of power. electricity consumption from data centers could more than double in the next two years topping 1,000 terra watt hours by 2026. equivalent to all of japan's power consumption. the u.s. specifically, by the end of the decades it's estimated data centers will use as much power as 40 million households each year. it will require updates to existing infrastructure. morgan stanley saying the rapid power demand growth is not well understood and not priced into a number of stocks. power providers are two names

they cite. growth is explosive at this point. then there are the electrical equipment makers and power management providers. so brian and courtney, the bottom line here is this opportunity goes well beyond just the big tech and chip names when it comes to gen-ai. >> it's amazing, pippa. so much of these data centers are outside of d.c., louden county, virginia, sort of that area. that's like the data center hog. that's on the pga interconnect the grid operator that runs all that. and pjm itself less than a year ago on a friday night dump came out with a report that said basically we don't think we're going to have enough power and electricity within seven years because we're not building anything new. i got to imagine all these layers of data centers and ai centers, pippa, to your point, where is the power coming from? >> yeah. that's right, brian. of course this comes as you're stressing out the grid with more things going electric from electric vehicles to heat pumps.

to your point about pjm, a third of worldwide data centers are in the u.s. with that concentration outside d.c., as you noted. this comes as the interconnection queue has grown to more than five years in some places with all of these new projects waiting to come online. but it's just such a slow process and so when you have this demand growth from data centers, combined with some regulatory hurdles, it just seems like at a certain point we might come up short. what does that mean for consumers and their power prices? >> pippa stevens, an important story there. the grid -- pippa, thank you. courtney, the grid operator on a friday night sort of dump on pr durp came out with a report and said, not sure we'll have the capacity to power 13 states. ohio, pennsylvania -- >> oops. >> may not have it. and yet we keep adding demand. >> it's unbelievable. >> we're not adding supply. >> yeah. the grid feels like a really big problem. >> you have been warned. people, you're being warned and no one is doing anything about it.

it's unbelievable. up next, subscriber significance, tv or music, streaming user numbers remain the all important metric. spotify seen that firsthand, that and more in three-stock lunch. plus, this is a crazy story, wework founder adam newman trying to buy back his old company out of bankruptcy. he got booted from the company. would anybody give him the money? deirdre bosa will tell you, yeah, in tech check. were you worried the wedding would be too much? nahhhh... (inner monologue) another destination wedding?? we just got back from her sister's in napa. who gets married in napa? my daughter. who gets married someplace more expensive? my other daughter. cancun! jamaica!! why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. can we get out of here? i thought you'd never ask. join 18 million americans and take control of your financial future with a real time dashboard and real life conversations. empower. what's next.

trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab. nature's bounty hair growth. clinically shown to help grow thicker, fuller hair with just one capsule a day of advanced hair complex. conquer hair thinning... ...and fall in love with your hair all over again. only from nature's bounty.

you can make money the hard way as a bullfighter or a human cannonball... or save money the easy way, with xfinity mobile. existing customers can get a free line of our most popular unlimited plan for a year! not only will you save hundreds but you'll also be joining millions who have connected to america's most reliable 5g network. sure is a lot safer than becoming a stuntman for money. get a free line of unlimited intro for a year when you buy one unlimited line. plus, get the new samsung galaxy s24 on us. ♪ all right. time for today's three-stock lunch. three names on the move today. and they are -- eli lilly, spotify, and chipotle. there you go. we have food, weight loss drug and listen to the music while you take the weight loss drug. here with our trade courtney garcia, senior wealth adviser with payne capital management.

welcome. let's have some fun. >> thank you for having me. >> start with eli lilly. bertha coombs covering that name. this is like company that will be bigger than nvidia soon. it's unbelievable. >> could be part of the magnificent seven seeing this morning's market cap topped over $070 billion. shares off the fresh record high this morning. eli lilly diabetes and weight loss drugs helped deliver beat on the the top and the bottom line for the fourth quarter with total sales coming in at 9.35 billion for the quarter. more than one fourth of that driven by new product revenue, led by mounjaro which topped 2.2 billion, that's up more than 50% sequentially, even with what the company called intermittent delays for some doses. the new weight loss version zepbound, just approved in november, notched over 175 million in sales. of course, insurance coverage is key for these drugs. on the call, the company said

that zepbound already has about 35% access on commercial plans. they're working to boost that. and lilly raised its full year guidance for 2024 and expect demands to continue to exceed supply, even as it looks to boost production. brian? >> bertha coombs, thank you very much. yeah, unbelievable story, courtney. it made people a lot of money. so what is the trade now on eli lilly? >> yeah. i'm actually optimistic on the healthcare space. i would be a buyer here at eli lilly. they really beat expectations. i think one thing you want to look at that's a trouble in the space, a lot of their competitors are facing a patent cliffs. they have a pipeline moving forward which will help their further growth. when you saw zepbound, those sales are 100 billion more than expectations. my only hesitation with this would be that it is at a really high valuation, a lot more than it's competitors and optimism

may be priced in. as investor, i take a look at something like the iyh. eli lilly, 10% of that. but you can get a lot of the other lower costs competitors as well especially if m & a space in activity you want to own a plethora of names. >> very interesting. i find all of these bio tech names, pharma names so compelling with everything going on -- >> also she said plethora. that's my wordle opening word. that's not true. >> that's way too many letters for wordle. >> that's the joke. >> oh, gosh. okay. now other to spotify. the digital music streaming company posting q4 earnings that beat expectations. julia boorstin is covering that for us. what do you got on spotify? >> spotify shares surging higher, they were up a lot more. now up about 3% today. stock trading around an all-time high. this is on strong guidance and surprise profit. 37 cents adjusted earnings per share rather than the 21% share per loss. this follows the company laying

off 17% of its staff in december. spotify reporting strong user growth, including a 15% increase in paying subscribers ahead of expectations. that's despite increased subscription prices earlier this year. so that all adds up to higher average revenue per user. spotify ceo telling me this morning, quote, we believe that the acceleration of revenue growth will continue in 2024. we believe that the more efficient spotify on the cost structure side will also continue. he went on to say that that means you will see a consistently profitable spotify in 2024. also saying that for podcasting they will continue to invest in things that are working, such as joe rogan. he does see big potential upside to use ai to improve advertising. courtney? >> look at that all comes back to ai every time. julia, thank you with double dose of julia boorstin today. what's the trade on spotify, courtney? >> yeah. actually i'm also optimistic here on spotify.

when it comes to earnings, you want to make sure these companies are profitable. finally looking realistic with spotify they'll be profitable and cost cutting measures and focussing on some of the podcasting is really paying out. and they're monthly active user growth has been impressive. what's more impressive is they're increasing revenue per user. they had to incentivize people coming on with promotions and lower tier pricing. but now you're seeing those price increases come in and they have a lot of room to grow especially when you look at emerging markets. that's likely going to be a further growth story for spotify. >> we have a final name, chipotle reporting after the bell. kate rogers is tracking the action for us there. hi, kate. >> hey, court. analysts are looking for eps of 9.75. comp expected to climb 7.1% compared to the company's guidance of climbing mid to high single digits for the quarter. food inflation, of course, price hikes will be in focus. the company raised prices last fall for the first time in a

year, but it is seeing a very stable and loyal consumer base so far. mcdonald's yesterday spoke to lower income consumers, starting to pull back as grocery prices fall. so we'll see if chipotle is seeing the same trends. fast food wages in california will hit $20 an hour in april. so prices will likely be going up this spring here in the state. piper sandler, which has a neutral rating on the stock said in a recent note, they are well positioned for the future, and informsers know it. the only debate on the stock at the moment is its valuation. the stock was among 2023's best in the sector up over 65%. it's up over 40% in the last year, guys. back over to you. >> all right, kate rogers. thank you very much. courtney, what is your view on chipotle. >> i don't have a lot of bad to say about chipotle. it looks good compared to its competitors. their foot traffic is impressive. but is that valuation which you pointed out that i think will be a little bit problematic. it's priced to perfection. so we are seeing over the

restaurant space in general consumers are pulling back. that's one of the fastest things people pull back on, cook more at home, eat out less. more importantly when you look at further forward guy dance, if chipotle is pulling back at all, given what's happening in the bigger space that will likely impact their pricing. i would proceed with caution as we go into earnings. >> little caution on cmg. thank you very much. appreciate it. >> thank you for having me. china's president meeting with stock regulators in hopes of regulating markets and chinese stocks higher. those details are coming up next.

personalized financial advice from ameriprise can do more than help you reach your goals. -you can make this work. -we can make this work. it can help you reach them with confidence.

no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about.

from the ntsb. says four bolts that prevent upper movement of the door plug were missing before the plug moved. they weren't there. why? back in september of 2023, there were five damaged rivets on the door frame of the door plug. so, boeing went about removing the door plug in order to fix those rivets. and they were not replaced. apparently because they were not there when they were ripped off the alaska airlines flight. we're awaiting from a statement from boeing. not a lot of movement in shares of boeing. mainly because this came out about a week ago. it was leaked out that there were likely going to be -- there was likely to be a conclusion that bolts were not in the door. and that's what we have from the ntsb. a preliminary conclusion that the alaska airlines door plug, which was ripped off in mid flight, was missing four bolts. that was the primary reason why it was ripped off mid flight. guys, back to you. >> phil, amazing.

alaska just as a frequent flier like yourself. >> yeah. >> in some weird way i take that -- i was on a max 9 sunday night. i take that as good news in a weird way. it sounds like this might have just been a one plane issue. >> yes. >> this one plane needed maintenance. they screwed up. let's be clear. it sounds like somebody made -- >> no, no, no. this is boeing working on it in september of '23 before they delivered it in november. so, it may be a one-off. but the disturbing part of this, brian, is if you were alaska or united or any other customer, you do not expect that a plane is delivered to you missing bolts on the door plug. >> of course not. of course not. but you mentioned the rivets were bad. in my head what that got me thinking is -- >> they were damaged. >> yeah. so this one single plane had an issue that needed to be fixed. it was fixed incorrectly. let's be very clear by boeing but in some weird way i felt because that rivet issue unless

that is pervasive problem on others and maybe it is, it felt like -- >> yeah, brian. >> one-off thing, you know? >> i hope. there are tens of thousands of rivets on these aircraft. and part of the job as they are moving through the line is to make sure that they are all in conformance. in this case they saw some that were damaged, needed to be fixed. so they took off the door plug in order to have access to the door frame to fix those rivets. according to the ntsb report, when they put the door plug back in place, there are four bolts that hold it to keep it from moving up and out. they weren't put back in because they weren't there when the accident took place, when the incident took place mid air in the pressurization forced the door plug just to be ripped off of the plane. >> wow. fascinating stuff. little scary, but i'm glad we know know. hopefully the same mistakes won't be repeat and won't have new ones either. thank you very much, phil. >> you bet. well, brian, want to welcome

our friend eunice. >> welcome back to "power lunch," i guess. chinese stocks are getting a boost today. president xi jinping plans to talk about the stock market with regulators. the stock market that's been in a slow-moving or fast-moving collapse. for more on what is moving and why, let us bring in eunice yoon who is live in beijing. good to see you. >> reporter: hey, brian. well that rally is really across the board for anything that is china related, especially when it comes to some of the biggest and most valuable chinese companies. a lot of that is because they had been in tumult so badly since last year. alibaba $31 billion. meta gained $510 billion. so that gives you some context. chinese authorities are now apparently trying to restore market confidence. the country's regulator unveiled new curbs on what they described as malicious short selling.

a state fund expanded purchases of etfs of on shore stocks. and the authorities here have also vowed to guide, they said, institutional investors to buy more shares. in the past year, the stock markets that are china related had a terrible time. shanghai was down in double digits 14%. hong kong 24%. speculation, though, is now that we could potentially see more action on the market or on the economy because of those reports that president xi would be getting a debrief from financial regulators potentially some time this week on the stock market. not very clear, though, as to whether or not that would result in concrete measures. and there definitely seems as though there's a need to address some of this market pessimism. in fact, just to give you a sense of how frustrated people are, in the past couple of days, a lot of china investors have

been going to the u.s. embassy website to comment on a social media post on giraffes, random. but the reason for that is because they just don't really have any other place to complain here. very few outlets. a lot of those comments have been about the stock markets, the economy, their frustration with it and a lot of others liking those comments. guys? >> giraffes? >> that's just where they can go. >> i know. random. >> what was the post about giraffes? i don't want to make light of this. >> it was about -- no, i know. it's about conservation, totally unrelated. but again, it goes to show just how few places there are where people can actually voice some of their frustration of the government. >> i understand. the chinese public because of surveillance -- had to post about giraffes because they were afraid to stick their neck out otherwise. >> i get that. >> country garden. that's for you, eunice.

country garden and ever grand. i can see you. i can see you. >> yep. >> i got that joke this time. >> eunice's best line every time i see her face i laugh. >> it's true. it's true. i don't see you but i still laugh. >> my favorite eunice yoon reports is when eunice yoon reports about eunice yoon. so you're out and about. we get all this anecdotal data. i'm not sure i trust all the data. what do you see? are people optimistic? are the restaurants full, you're there? >> no. i mean, it's just -- it's one of the biggest changes that i've seen in the past several years here in china, where almost every conversation in the past has been about, things will get better. right after -- during covid it was rough. but then right after covid people were still really pessimistic. and lot of the conversations i have today are about what am i going to do? even after the lunar new year r the jobs really going be there?

you know, if you go to the restaurants, they're pretty empty still. i mean, some places they could be kind of busy, but it's a lot of restaurants that used to have really long lines are -- have reduced their size. they have smaller spaces. so it's just a very different feel here compared to before. >> see, that's -- she's in there. why look at data when we have eunice yoon who actually lives there and knows what's going on. eunice yoon is the best eunice yoon. thank you. appreciate it. >> let's get over tol leslie picker for a cnbc update. >> jennifer crumbley whose son killed four in a michigan shosh shooting rampage found guilty of four counts of involuntary manslaughter unprecedented case of a parent being held criminally responsible in a shooting. her husband faces a separate trial. she faces up to 15 prison on each of the four counts.

qatar's prime minister said that officials received the first response from hamas on a hostage deal framework and that the terror group is open to negotiations. secretary blinken confirms he would discuss the latest proposal with tel aviv tomorrow, but that, quote, there's still a lot of work to be done. and climate change is causing scientists to rethink how they categorize hurricanes. with a new study in a journal from the national academy of sciences suggesting adding category 6 to the current system. it now tops out at category 5, indicating winds of 158 miles per hour or higher. but they are considering bumping up the category to account for higher winds. guys? >> well, leslie picker, thank you very much. category 6. >> category 5 was strong enough. i was in one of those. >> stay at 5. we don't want to go to 6. so let's talk engines. big engines. because engine maker falling short of expectations. the stock is moving higher.

we'll find out what's going on. the ceo will join us on "power lunch" coming up. i know what it's like to perform through pain. if you're like me, one of the millions suffering from pain caused by migraine, nurtec odt may help. it's the only medication that can treat a migraine when it strikes and prevent migraine attacks. treat and prevent, all in one. don't take if allergic to nurtec. allergic reactions can occur, even days after using. most common side effects were nausea, indigestion, and stomach pain. relief is possible. talk to a doctor about nurtec odt.

awkward question... is there going to be anything left... —left over? —yeah. oh, absolutely. (inner monologue) my kids don't know what they want. you know who knows what she wants? me! i want a massage, in amalfi, from someone named giancarlo. and i didn't live in that shoebox for years. not just— with empower, we get all of our financial questions answered. so you don't have to worry. i guess i'll get the caviar... just kidding. join 18 million americans and take control of your financial future with a real time dashboard and real live conversations. empower. what's next.

♪ welcome back to "power lunch." take a closer look at a company that could signal a lot about where the economy is headed. it is engine manufacturer couplens. they are trading higher today. they had record-full year revenue and still concerns about slowing demand in some key markets this year. let's find out what is really going on. here for a "power lunch" exclusive is ceo of cummins. jennifer, good to have you on hoe "power lunch." let's talk about the future of the engine. my simple question is does the engine have a future? >> the reality is the engine has a future. we had a strong 2023.

cummins had record revenue we announced of $31.4 billion and record operating performance and cash flow of $4 billion. and big part of that is also continuing to invest in our strategy, which includes engines. we have a dual path strategy we call destination zero to decarbonize our industry. we're selling lots of engines today to meet our customer global needs, we're also investing in zero emissions technologies for the future. and we expect to continue to see growth in both parts of our business. >> i know, jennifer, you anticipate demand will slow in north america for the heavy duty truck market. what about chi tna. we had our reporter talking about everything that china is still very much in the thick of. >> yeah. if you look at your last year performance, we saw strength in a lot of our markets and as you noted, we're projecting some softening. so overall for the company for 2024, we're projecting revenue to be down 2 to 5%.

and most significantly within that is the north america heavy duty truck market which despite some leading market indicators like freight rate held up pretty well for us because there's a lot of pent-up demand and back order because of the supply constraints that have existed here over the last few years. contrast that with china, which has come in off of a very weak 2022 and we saw some improvement. last year we expect to see some continued low-growth rate there in 2024. really based on truck replacement as well as strong demand for our natural gas product. and our success in china enables us as a global business to grow and create jobs here in the u.s. as well. >> you know, we talk about big engines, jennifer. and i don't think anybody does that as well as you guys do. and we had an old rv back in the day and it was a diesel pusher is what they call it. and you fill it up. i could go 1200 miles without stopping. now i had to stop obviously. 1200 miles on that engine, but

it was spewing nasty, disgusting, emitting diesel fumes. we talk about electric semis. but people i know in the industry say that could be tough because short haul is fine but long haul trucking is the backbone of commerce in this country as are trains. i'm just wondering what is the blend going to be between electrification and the hydro carbon, renewable natural gas, soy beans or whatever. >> great question. as you noted, our customers, commercial trucks, trains, industrial equipment, they're really at the heart of the u.s. economy. and they're doing real work. our customers are making economic buying decisions. i'm proud that we have done a lot of work in my 25 years at cummins to reduce emissions from diesel engines. the diesel engines that we're producing today are much cleaner than the previous generation. and we believe that in order to really help our industry decarbonize and start now, we have to continue to improve efficiency of diesel engines, which we're doing. at the same time, we need invest

and move to true zero carbon solutions. that will be bumpy. it will take time because the diesel engine from a reliability, from an efficiency and cost is so great, but we're investing in these zero emission solutions and really bringing them out to markets that are starting to adopt early, like bus. so we've with bluebird put 1500 school buses out into the market so far and continue to bring more of those products in the market. we announced last year a really big deal for us that we're partnering with pat car and daimler truck and buses to localize batter cell production for commercial vehicles here in the u.s. and so these investments in some of the incentives that are now available will enable adoption, scaling up, bringing down the cost, advancing capability, the solutions. and that's why i talked about our dual path approach which our destination zero strategy because we feel strongly we have to start today and improve the products that are out there today. while we also focus on advancing these new solutions. >> jennifer, we do have to go,

but very quickly, i know that walmart is actually rolling out a field test with some of your low-carbon engines here in a couple weeks. very quickly, what are your expectations there with that partnership? >> yeah. so we're launching this year our x 15 natural gas engine. walmart, along with warner and others has been one of our partners. that will be in the market later this year. natural gas is a great way to reduce carbon, improve efficiency and get some of these alternate lower emission solutions out into the market. we're exciting to be doing that with our launch partner pat car and also oems over time. >> jennifer, thank you very much for joining us. thank you to our colleague seema mody to help bring this interview to you all. coming up, wework saga continues. he is trying to buy back the bankrupt real estate company. we'll dive into the brand's second chance for life when "power lunch" returns.

adam newman, the founder of wework ousted from the company in 2019 might now be trying to buy it back. deirdre bosa has exclusive reporting for today's tech check. i can't wait to hear this. >> this story will never not be interesting and might never end either. here is the latest. adam newman's lawyers sent wework a letter last night saying that his latest venture real estate company called flow global and suggesting that it had financing support from dan love's hedge fund third point for a bid, but said that the letter says that neumann is being shut down by wework itself. i called up third point and they told me the meeting was very preliminary. another source familiar told me that, in fact, it was just one meeting, last fall, between love and neumann and softbank executives there and third point hasn't made any commitment which could mean that the chances of a ne m

neumann return aren't imminent but i have a feeling it's not over. >> make it make sense, deirdre. >> i can't. >> listen, i've read books and podcasts about him. i get it but i don't get it. help. >> you know. okay. let me try and help. >> okay. >> so, wework is a company -- i mean, it's the poster child of the zero interest rate era, right? when softbank came in, they gay adam neumann billions and billions of dollars, grow faster, don't worry about losing money. that's what he did. i know wework from the early days. i understand why he has his fans and how they poured hundreds of millions of dollars into his new venture. because he's extremely charismatic and did build something that was very co compelling and interesting, which is the co-working space. just really got out of hand. you could argue it wasn't a good business model to begin with. his new venture called flow buys up real estate. so you wouldn't have the same

problem, the same business model fiasco of wework. so this could be an interesting idea. but again, it kind of just undermining it because the letter from the lawyers implied that dan lobe was committed to sort of a bid and that just wasn't the case. i'm just saying that's what the letter kind of implied and it turns out that that wasn't it. so, i don't know. i don't know who will help neumann finance this thing. i don't know what the future. many people still use wework. it's a great office space. what does it look like in its next iteration? i know there are people who would like to see nneumann go back. >> i feel like i've talked myself in circles again. >> we were just looking at each other. do you have any questions? i have a lot of questions but i think we're out of time. thank you so much. keep following this for us. >> will do. still ahead, the war on dei. black representation on wall street jumped over the past three years but some worry the progress may be in danger. we'll have that story next. during february, we're

celebrating black heritage. here is intel chief legal officer on her story. ♪ my maternal grandmother was one of six sisters. and they came from slucolumbia, south carolina. we called them the lewis i could be anything i wanted to be so having that foundation was really incredibly important. ♪ ♪ every day, businesses everywhere are asking: is it possible? with comcast business... it is. is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity

and intelligence of global secure networking from comcast business. it's not just possible. it's happening. i could use a little help. yeah, there's a lot of risk out there. huh ♪♪ hey, is this thing hard to learn? nah, it's easy. huh. you know, i think i'm going to ride it home. good thing you chose u.s. bank to manage and grow your money. with our 24/7 support at least you're not taking chances with your finances. yeah, i think i'm gonna need a chair. oh, ohhhh. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations.

i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com.

di campaigns were designed to improve diversity, companies but now some of those programs are under fire even among public billionaires. mark cuban and elon musk have been swiping at each other on x formally known as twitter. musk has ndi must die. you been said when done well, dei will make companies better and more profitable. let's bring in frank calling for a look at how the backlash is starting to impact the movement. mckay, brian.

the impact may be a bit surprising but i want to focus on some of the data. we have seen some progress, an increase in black senior managers and employees overall in wall street since 2019. but the so-called war on dei isn't that help the field increase. committees are trying to figure out their legal risk. activists filed a lawsuit against the fearless fund. claim the b.c. focuses on black female startups is guilty of racial discrimination. >> we have already seen the financial impact of this lawsuit on us. we have seen eight figures of potential commitment being removed just due to litigation. people have dropped out left and right. >> the concerns over legal risk are certainly a real thing. also the supreme court decision against affirmative action is just another factor. the black economic alliance released a legal toolkit to help companies evaluate their dei strategy. charles phillips says, ceos are

not illuminating dei, but some are recalibrating and rebranding. >> right now people feel like, let me step back and reassess. not everybody. there are some ceos who have called us and said we will keep longer had. we may talk about it differently. they have made commitments to us. i said, fine. however you have to do it, as long as the work is being done. call it what you want to pick >> i have spoken with pipeline programs including mlt. they told me they have seen a change in enthusiasm but last year mlt so a 60% increase in student placements from wall street banks to other big companies including apple and nike. >> if you say the are doing recalibrating, what exactly are the specifics of how the are looking at this now? >> i want to be clear, charles phillips, others have told me companies that have been committed to dei, they remain committed. some look for opportunities to hold back on their efforts. with that said the companies

that remain committed, sometimes they have to call it something else. maybe it's not focused on race or ethnicity or gender, but other factors. the general idea is that, there is many companies who believe that there is untapped talent out there and if they create programs, they can tap into it and it will help the company increase profits, leads, and anything overall to the benefit. thank you very much. >> cold shares are popping the day. we will tell you what, coming up next. ♪♪ whoo! ♪♪ light work! ♪♪ next victims. ♪♪ you ready for this? ♪pump up the jam pump it up♪

trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab.

during my entire life i have been somewhat of an outdoors person. golf, gardening around here. how can i stay out of the sun? so about two years ago i was diagnosed with basal cell carcinoma. when they discussed the mohs surgery on my face, i was not really a fan of that because the scarring can be disfiguring. if you've been affected by skin cancer, surgery is no longer your only option. we chose gentlecure. gentlecure is a surgery-free treatment that uses low energy x-rays to kill skin cancer cells with a 99% cure rate. plus, there's no cutting, no surgical scarring and no downtime. the results are absolutely fabulous. see why so many people, including doctors, are choosing gentlecure.

call today or go to gentlecure.com. ♪everything i do that's for my health is an accomplishment.♪ ♪concerns of getting screened faded away♪ ♪to my astonishment.♪ ♪my doc gave me a script i got it done without a delay.♪ ♪i screened with cologuard and did it my way.♪ cologuard is a one-of-a-kind way to screen for colon cancer that's effective and non-invasive. it's for people 45 plus at average risk, not high risk. false positive and negative results may occur. ask your provider for cologuard. ♪i did it my way!♪ kohl's is at highs of the recession right now. vision when management is pushing the company to sell itself if the activists are asking for representation on

the retailers board purposes according to the reuters report. we which dr. called on the activists. we will keep you updated as we learn more but courtney was the ceo, previously worked with icahn capital, goldman sachs. interesting fund. >> folks, thank you for watching , power lunch break i will see you at 7:00. >> holding bell starts right now. welcome to closing bell. i'm here at the new york stock exchange. this make or break our begins with anything other than the mega caps. one of our experts as, now is the time to buy those stocks. we will get to that in a moment. your scorecard with 60 minutes to go. regulation looks like mixed for most of the day. it is the nasdaq mostly muted, nvidia getting back some of its massive gains today. amazon and amd under some measure as you see. md down three and half percent. we are also watching shares of new york community bank today as that stock thanks under five dollars a share.