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high. can it live up to the hype or would a little slip, cup and lip bring that one tumbling down. you have news moving and individual stocks today starting with the biggest deal ever in the credit card space. capital one agreeing to buy discover $35 billion is the price tag there. the latest on government spending is part of the chips act and global foundry gaining $12.5 million and intel gaining more than that and walmart rising with its results and a dividend hike and a big deal in the process there and home depot slightly lower as it struggles to grow. we've got our team of reporters on all of these big stories and kate roone y on that credit car deal that broke over the weekend and melissa revko. and let's begin with kate rooney in san francisco. >> hi there, tyler. yes. this $35 million deal is merging two credit card deals and it's

all about scale and efficiency. capital one says they plan to add more than 121 million card holders and purchase volume in the next three years or so and 1.3 billion in cost savings, as well and then you have the credit card dynamic and like many banks, discover issues its own cards and it also has this card network which has been an underdog in the past few years. it's in fourth police behind visa, mastercard and american express and they've struggled to get other banks to run and capital one getting ready to move some of its credit card volume over to discover. the ceo of capital one calling the dynamic and he called it the holy grail. american express is one successful example of that and it often needs more pricing power and executives would keep partnering with visa and mastercard and it has been seen as a let and weighing on mastercard and it's 10% of u.s. credit volumes and says the

capital one steering volumes over to discover can help it save on network fees and it will increase competition and elizabeth warren is saying it reduces competition and quote, regulators should block it immediately. >> on what grounds would it reduce competition? tease that one out for me, kate? the companies have argued the opposite that visa and mastercard are the biggest players and you need a company with scale to be able to go and compete. elizabeth warren here arguing that this is just another big player coming in and it could add costs to the consumer and they may be able to raise prices here and it's part of the efficiency that you talked about and it's not also good for the consumers, we'll have to see. capital one and discover said hey, if you're going to compete with anyone it might as well with us, and there are a cup of things in congress going and the

amendment is one that they've been trying to get going that there needs to be other options for banks and any bank will be able to use its start-up card network. you need someone like discover to come in and that's what they're leaning on, but with the bank mergers, you have so many agencies and even if congress is pushing back on this, they'll do the sec and the ftc that could get into this so it's got a lot of range for agencies and i would watch the 2024 election coming up as potential game changer for some of these antitrust issues and potentially a different administration. who knows? we'll see, but that could have a big effect on big deals like this and what happens with the antitrust act. >> kate roone y, appreciate it. the government is spending billions and billions more could be on the way. our megan castlea is in washington with the details.

hi, megan. >> this is the first award being announced under the chips act and it is making $1.6 billion of loans available in addition to the $1.5 billion award and that could spark $1.35 billion in investment. overall, the funding should create 10,000 jobs and it should triple the production capacity of what are known as legacy chips. they're considered the cornerstone of modern electronics and they're on fridges and smartphones and the satellite defense system and it was at the root of those supply chain struggles that we saw during the pandemic and global founders will be supplying those to general matters and in the past it's also provided chips to lockheed martin and the u.s. military, as well. >> given the broad use, commerce secretary gina reymundo says it is serious about bolstering economic security.

what it won't do is boost production of the advanced chips to power ai, for example, but industry officials expect we will be seeing much larger awards being doled out to much larger companies, think intel or samsung in the coming weeks. tyler? >> so those would be the big downstream awards or contracts that will be given to the likes of intel and others that would be the ai chips. >> absolutely. we do expect to start seeing some of those announcements in the next four to six weeks and just for perspective here, this is the $1.5 billion award. it's not nothing, butwe're thinking from talking to industry officials that we could see awards more in the $10 billion range for companies like intel and samsung. they tend to invest more, something in the $100 billion range and much more production capacity there. >> so a factor of ten, basically there. $10 billion, i heard you say. are these loans or outright

grants or state funding i guess is how i'd call it. >> it's an important question. it's actually a combination and the loans will be to support those awards. it will depend, it seems like on what the overall private investment is going to be, too. they're not going to get all of this funding out front and this is just one step and they have to go through a lot of hurdles in order to get the money and they have to reach milestones. >> megan cass, lla, thank you very much, reporting from washington. >> and over in the retail space, walmart reporting a strong beat and announcing the deal to buy vizio, both headlines sending the stock of walmart to record highs and melissa has more. all-time high. >> walmart's fiscal fourth-quarter results beat on the top and bottom line thanks to it turning to its stores in the holiday season. topping $100 billion. the u.s. on-line sales rose 17% this fiscal year. for this fiscal year ahead,

walmart expects sales to climb 3 terse on 4% and it expects adjusted earnings will range from $6.70 to $12.07 per share on a pre-stock split basis and the three to one stock split. john rainey told me customers are still discerning and they're shopping more with walmart, but buying fewer items when they do. it has newer or higher margin areas like selling ads. >> selling ads, walmart as a advertising company to competes with the likes of google. >> or amazon and that's exactly why it's buying vizio. it wants to have more reach and it wants to be where people are watching tv and it wants more data to understand if it's advertising for one of the brands selling the ad, too, that it can track, are people then going to its stores and actually

buying it? >> vizio, is it an american made company? >> it's a company that makes the smart tvs and it competes with roku which is seeing its shares down today. it's where you can watch hulu and netflix. >> streaming tvs. >> i can mirror my phone on to the tv and they sell not just in walmart. >> factually. they sell across the board, but it would give much moefr vitsity to walmart and i'm not reaching the satellite that they're using for connected tv. >> thanks. coming up, those walmart results are exciting and is that retailer the best in big box? target's been on the rise over the past month underperforming walmart in the longer run. we'll have a bullfight next and further ahead, streaming, it comes with a host of awards for all three parties, but some of

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welcome back to "power lunch," everybody. time now for a bullfight, walmart versus target. we have walmart, the company beating wall street expectations and it stood up to high inflation better than other retailers, as you may know and on the other corner target, still underperforming walmart over the past year. so which should you own in your portfolio now? joining us now to make the case for walmart is greg melich, equity analyst with evercore isi and walmart is his top picks and for target, is gordon, he upgraded target and highlights it as one of his top ideas for the year. good to have you with us. it's not that you don't like

walmart, it's just that you like target a little better and if i'm reading my notes right you're seeing a return of 12% in that stock. >> what is it that you like about walmart? >> i like both of them, actually. please take it easy on me if you this in this bullfight. i do like target. target's significantly underperformed over the last 18 months where az walmart is up close to 25%, and costco is up 20% and target trades at 14 times and it's significantly underperformed and when we look ahead we think there will be some mean reversion within the general merchandise category, i think we've started to see some signs of that over the past couple of months from costco who has called out an improvement in the discretionary and walmart improved. the big thing for us is we think the general merchandise category is stabilizing and as we progress throughout '24 we'll start to improve and that's the big reason we upgrade the stock

a couple of weeks ago to your point. >> greg, i don't want you to beat up on check there. he asks for your mercy, but let's move to why you favor walmart over target today. >> yeah. so again, chuck, don't beat up on me too much either. i also think target could be worth more today than 12 months' time. the reason why we upgraded really last month was we think the first time in almost a decade they're got real retail momentum driving traffic growth and with that value proposition driving traffic growth, that gives them the opportunity to unlock margins in a lot of different areas. it could be through the advertising business and it could be through 3p and it could be through taking up costs on their call as they automate more of their regional dcs and that could be the margin potential over the three years and walmart is in the multi-year reacceleration and traffic

growth and that's why, yes, it is more expensive. it's around 24 times next year's numbers and once we have sam's club is some sort of a valuation discount to costco, we think walmart u.s. is trading under 20 times that's an attractive valuation for an asset of that quality. >> walmart as an advertising player and something i wasn't deeply aware of and number two, walmart in its deal for vizio, how do they pafactor in? >> to answer your question, the bigger picture of advertising and we look at amazon and we look at them taking advertising revenues up to 5% or 6% with the 30% margin plus business and if you look at walmart now with 100 billion of digital revenues just getting to that amazon-type penetration that gets you to 6 billion with the higher margin. it's not going to be massive and

it may only be ten, 15 bits of tailwind, but as it starts to sail and grow, but if you scale that business, we think it's a real retailer to walmart that other retailers don't have. >> i know in my notes, you cite spring weather and easing inflationary pressure and discretionary recovery and margins as all reasons that may get some benefit here. couldn't you say the same thing about wal-mart, though? >> like i said, we are more vibrated than walmart, and i think in this environment and it's still incertainty and it's important to be on a bar bell and i have walmart on that bar bell and on the other and today whose operate margins were from

several years ago, and because of digital args and operating margin, if it gets you to 6 that givious a $9 or $10 earnings power. we agree with that guy. i like walmart for all of the reasons he said and i think target has a more long term holding if we are right on general merchandise recovering. >> gentlemen, the case has been made. you made it well. we appreciate your time today. greg melich and chuck grom. be sure to catch walmart ceo doug mcmillin tonight on "mad money" with jim cramer at 6:00 p.m. eastern time. furth ahead, forget tiger beat. teens might care more about an earnings beat. custodial counts for teenagers are surging in popularity and we'll discuss that later in the program and before we head to break, don't forget to sign up for free virtual cnbc women &

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welcome back to "power lunch," everybody. bond yields lower today ahead of tomorrow's release of the fed minutes. it is always a key day. rick santelli is live in chicago for us. hi, rick. >> hi, tyler. indeed, last week's cpi and ppi both being warmer than expected, remains in the minds of traders and has a lasting impact on the market. now, as you look at the two-week chart ever of two-year maturity and ten-year maturity you can see yields are stubbornlyhigh. last week's data really is the center of attention until we get

to the jobs numbers and we are still a couple of weeks away from those. if you look we are within the six basis points of the high yield closes of 2024 with twos and tens. if you open it up year to date. we have the 23rd consecutive negative month over month on leading economic indicators and one month shy of two years and anecdotal evidence of slowing runs right into the notion of strong labor markets even though they've moderated they're much higher than they were pre-covid. finally, there's a lot of talk these days about what's going on with the nikkei's stock market. they're getting close friday within a hundred points of the all-time high close and they moved away from it and notice we're hovering around 150 and we're only 2% away from 1990 extremes at 15.

that was about the time the nikkei was making its all-time high. you want to watch against the dollar's weakness. tyler, back to you? thank you very much. let's talk oil prices after a long weekend and a three-month high close on friday. pippa stephens has the details. >> oil is tumbling into the close here and it's important to note that the contract does roll, and that's fueled selling and prices would be a lot lower were it not for the geopolitical risk premium that's being priced in because refiners are now in maintenance season in europe and the u.s. and also in china and whenrefiners go into m maintenance season they drop and they're making fewer of the product that we use. however the $79 range is very important and looking back to december, wti has now made a series of three higher lows and so it is on the up trend and interestingly, energy stocks

have not actually kept up the rise in oil. so you can see we have a chart versus the xle and the xlp versus the oil itself and you can see the stocks have lagged the actual commodity price and he said that it could be ripe for a catch-up trade and right now everyone is focused on tech and ai and the chip stocks, but at a certain point their growth may slow or their rate of growth may slow. >> you mentioned geopolitical concerns as one of the reasons putting a floor under the oil price and rising it. what are those concerns right now. is -- >> i think it is the fear that the longer this goes on the chance of an escalation. >> exactly. that's european diesel and will so after the continent moved away from russia, they started importing more. they've always been short diesel products and they started importing more from the northeast and from india, so now either you have to pay a higher

premium to go through the red sea and the insurance costs rising and you're going around the cape of good hope that is 15 on 20 thai days and distillate prices are european innilsz's a kell ease feel. so that can really start to hurt. >> pippa stephens, thank you. let's get to bertha coombs with a cnbc news update. >> hi, tyler. the united nations food program is pausing aid deliveries to gaza. the group issued a statement saying it faced gun fire and violence from hungry crowds swarming its trucks. hamas' government media office called the decision a death sentence for people in gaza. a russian court ruled to keefe american journalist evan gershkovich in custody pending his trial. that means "the wall street journal" reporter will now spend at least one year behind bars following his march 2023 arrest

on espionage charges. it comes after russian president vladimir putin alluded to a possible deal to exchange gershkovich with a russian prisoner during an interview with tucker carlson. the u.s. and the wall street journal maintains he is not a spy. an extremely rare lake in the driest place in the united states is now deep enough for people to kayak at least through april. the national park service says the normally dry salt flat in death valley national park started to fill up with water in august when the remnants of hurricane hillary hit california and remnants have kept it from evaporating at least for now. that is an amazing sight. >> look at that photograph. a friend of mine showed me a photograph of the los angeles skyline, downtown l.a. and i guess it's the san gabriel mountains, i'm sure, but snow capped. it was gorgeous. just gorgeous. clear as day.

thank you. as we head to break, cnbc out with a new screener taking a look at stocks that have a tendency to beat expectations and climb. the highest flyers on average are costar group, nvidia and elements solutions. you can see the full list on cnbc.com/pro. that's cnbc.com/pro. (♪♪) in this clinic, we pride ourselves on putting others first. it's on us to help care for our clients' well-being; to help them adapt. it's inspiring to work at a place where our patients succeed. and we as therapists do, too. with great benefits from principal, we feel appreciated for the work we do. (♪♪)

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going on in the market over the past week or so as what had been sort of a string of unbroken gains turns into a little bit more choppy performance, basically on that inflaution news, i suppose. >> it's the problem with expectations like when they're really high and we set ourselves up for disappointment and so the market really got enthusiastic about the number of cuts as opposed to just listening to what the fed was saying in terms of, you know, we're going to wait until we have more confirmation data that says we can really cut here, and i think all you have to do is look at the dot plot. there are three fed governors that say in 2025 their rates will be above 5% and there's one that's at 2.5%, right in there's a lot of divergence of opinion with the fed and what that means is they don't really know it's data dependent and what they should focus on is the stocks in their portfolio and owning good quality. >> i have this feeling and maybe

it's silliness on my part, but investors have waited, waited, waited for the fed to cut rates and it's been in '23 or '24 whenever it happens to be. i have a feeling when the fed starts to cut rates investors would say that's not because because that means there are two more cuts coming. we've already had one. this isn't going to go on forever. what do you think? >> i think that's exactly the right metaphor is the enthusiasm is more for the potential for the pivot and once we get the pivot we're not as excited and that's how life works, right? we don't know, right? they really don't know and that's really clear is they're trying to give themselves the most amount of room to wiggle in each direction or not. what we don't want is for them to cut rates because there's trouble in the economy and that's super risk, and it bears repeating you want to the protect yourself because there's still a lot of uncertainty in

the market. >> that's a deep out this how life works when the surprise has actually arjs rived you begin to lose the juice for the surprise. >> let's talk about the -- >> here's walmart at an all-time high and there's unbreakable until maybe today. what about those stocks that you're set up or they stocks that you can continue to trust. >> you have to look at them individually, when i've had a stock that's had a big rally and my scope of whether or not i should continue to own it, the skepticism, the bar is just high or that. the bar is super high, but part of that is really founded on goods and fundament als, right? the business is so profitable and its opportunity set looks to be really large. so it makes sense to me owning it. i would be comfortable trimming

it here if you'd had a large gain, but it is what i would consider a high-quality business with a lot of strong fundamentals behind it. >> let's move to some of -- we talk a lot inevitably here on cnbc as you know, about the mega-cap stocks where nvidia would be one and walmart would be another. are there better targets for initial purchase today and lower down on the market cap scale. >> i'm a small and mid-cap investors. >> you will say yes. i have to. that's my job. yeah, i do think in the small and midcap you can find strong, durable businesses that have as many protections around them as a walmart and you have to be choosy and typically they're more niche. aspen technologies is a business that does software optimization for refineries and for large-scale chemical fads, they also have this great grid optimization technology, and you and i both know our grids are a

mess and the more renewables i have, this is a business that's very well positioned and the earnings are durable and if you can get past the volatility in the stock and it ends up okay on. >> aldi's which is a discounter and west pharmaceutical among your choices. if you were to speak to a common thread in those three, what would it be? >> i really like durable earnings. to me, i'm willing to pay for a company that can kind of produce compound results over time and not just booms and busts and lots of cyclicality. i like those businesses because they're easier to own, but they're also businesses that are easier to run and i believe in human frailty and i like businesses that can run themselves and these are durable, strong businesses. >> awesome. julie, thanks. good to see you. julie beale, kaine, anderson, rugby.

>> another all-star game has come and gone. if you had the over on 300 and some points you're feeling pretty good right now, but will this year's ratings be last year's bust? i doubt it. julia boorstin will give us the play-by-play next and before we head to break be sure to mark your calendars for the premiere of cnbc's newest documentary "big shot," the ozempic revolution and how the diabetes drug re, eastern time. big shot, the ozempic revolution. you don't want to miss that this thursday. crypto watch is sponsored by grayscale. personalized financial advice from ameriprise can do more than help you reach your goals.

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and demanding changes so no team also scores 200 point again, what was that boom? that was fortunate for the sports streaming strategy of warner brothers discovery and its new partners, however. julia boorstin has more on that in today's "tech check." this event was carried largely by tbs. >> that's right. so the ratings are now in for the nba all-star games ask it aired on tbs and tn 2t and it ao streamed on max and it was up 14% from last year, a good sign for warner brothers discovery after last year's game drew the low of the ratings on record. now sports rights like the nba are a key piece of warner brother's discoveries lineup and so far the nba hasn't really bolstered its streaming viewership and the ubs and nielsen reports since live sports were added to max in october, its percentage of total tv viewership has not grown and now we're coming up on the nba's

exclusive 45-day negotiating window with warner brothers discovery and espn, abc and that starts march 9th. sports loom large for warner brothers discovery and it is seen as a key factor that could drive the media giant to do a deal and now warner brothers discovery is seen as having the most at stake in the streaming joint venture sports streamer with disney and fox. morgan stanley writing that from warner brothers discovery it is the most controversial in that the madjority of cable economic are tied to networks not in this new sports bundle. that means that warner brothers discovery has the most to lose if the bundle drives cord cutting. we'll be watching how david zaslav talks about the importance of nba rights when that company reports earnings that is friday morning. tyler? >> i have noticed just incidentally, julia, that i tend

to see david zaslav at a lot of nba games lately. he's been at a lot of knicks games and the lakers game. i don't know if he was there over the week, i didn't see him. at any rate, that would tell you that he is really interested in what happens with the nba and as you point out, they are the rare one. fox has the nfl. espn has the nfl. >> yeah, and look, david zaslav has said he really understands the value of the nba. the question is, though, how much more he and the other media giants are going to have to pay to secure those nba rights especially if you consider the fact that we have a big tech giant at play here, as well if you look at apple or amazon, prime video or even youtube, are those companies going to be offering a lot of money for the nba rights. how much does that drive up the price tag for the rights of david zaslav. we know he wants to hold on to the nba and the question is how much more will he have to pay.

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let's give you a quick market check with the dow dow industrials off 0.1%. the nasdaq is the big loser here today, down more than 1% at 15,592 and the s&p 500 back as

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welcome back everybody. time for today's three stock lunch, where we take a closer look at three names that are making moves today. here with our trades, cnbc contributor, senior wealth adviser with capital management. home depot, beating earnings and revenue estimates even as sales dropped there. shares of home depot flat today up about 14% over the past year. your trade, courtney, on home depot? >> their earnings beat

expectations, but the outlook was less than what wall street wanted to see. a lot of that is because the housing market has remained sluggish than expected mainly because mortgage rates are still higher than what people wanted to see. but the question is when rates are going to come down, not if they are going to come down. it's not going to be here the next couple of months, but likely later in the end of the year, you'll see that come down. that will be due to more housing activity, leading to more sales in home depot. you'll want to make sure to benefit from that. these are companies that are $7 billion back to shareholders. which is absolutely a company you want to be a part of. all right, let's move on to another one that's sort of in the building space, i suppose, caterpillar. giving the heavy equipment manufacturer a downgrade, seeing the industrial space cooling off. shares of cat down about 2% today. courtney, your trade on the big cat? >> yeah, industrials, i think specifically caterpillar, is going to continue to benefit from the infrastructure spending bill thatwas passed. and you're continuing to see

unprecedented infrastructure spending go into things like construction and a lot of equipment sales are going to benefit from caterpillar. but on top of that, electric vehicles, actually their ceo pointed out, you're needing to mine a lot things like cobalt and lithium, and you need equipment to do that. that is something like caterpillar is going to benefit you. they did fantastic last year. they beat profit sales expectations. they kind of made records across the board. now stock was up over 23% last year. but interestingly enough, their earnings were up over 53% last year. even though it did so well last year, it still trades at a reasonable 15 times than next year's earnings, which is something you want to make sure you're taking advantage of. >> that one is a buy. let's go on gold. shares of that will had come on. you can just buy the commodity. they are up nearly 1% today. your take on gold, court? >> i would not be a buyer of gold here. the reason being gold was about $2,000 or almost five years ago in 2020. and it is still hanging on that

same price right now. there's a lot of false starts here. it looks like it's starting to lose momentum again. there's been a lot of catalyst of why gold should do well. it will hit inflation where we are a 50-year inflations. we have government spending that will continue to be high. a record high deficit. but all these things have not led to a breakout in gold, and i don't know what will further bring that breakout. it will probably stay range bound here. for a lot of those reasons, it's not something that you'll need as a long-term strategy. >> all right, let's leave gold alone then. courtney garcia, thank you so much. we appreciate it. >> thanks for having me. we have about six minutes left in the program. we've got several more stories you need to know about. let's get right to it. more and more teenagers are starting to put their money into stocks. the broker firm charles schwab says the accounts for teens total more than 300,000 last year and that is up in 2022 and 120,000 in 2019. do we have sharon with us?

sharon epperson was going to join us. good to see you from dc. this is an interesting development. 50% gain, i guess in custodial accounts at schwab indicating that people are saving more and more, i suppose for their kids education and beyond? >> well i think teens are starting to realize that there is no secret secret to building wealth. the secret is vesting. you need to invest in the future. but many of the teens are looking at least from some of the reports are looking at more of the immediate gratification. what can i invest now that will get me a good return in the next year or so to buy a car or those types of things than the way they started to invest for, which is a great way to get them to do both is investing in a roth era. if you open a roth ira for a teen that has earned income on their own, you match that

money. they are learning this is delayed gratification and money that is suppose to be for the future. but the great thing, of course, about the roth ira, you have access to the money that you contribute more immediately. so i think that might be a way to combine the long-term saving and the investing at the same time. but understanding also that if you need to be saving money just because because you never know when you need it for the rainy day, that idea of having the emergency fund, i think, is when they need to understand as well, so that everything is not tied up in something that should be a long-term investment. money that you're not going to need for five, ten years. >> and you mentioned something interesting there and as i understood that money that you would put into that roth ira should come from earned income. is that right? >> absolutely.

and the investment that a child is making and that teen is making. it's a great idea. that will get them up in the habit of doing something that may be available to them. >> fascinating stuff. and that is capital one's $35 billion takeover of december cover lefta lot of questions up in the air from what the deal really means for consumers. what can we expect here? and i guess senator warren has come out and urged antitrust regulations to block this deal? >> there is a lot of wait and see, of course, a lot of regulatory scrutiny that the deal will go through. what it highlights is the importance of understanding your credit right now. because there could be a change down the road. and so you want to know what is the interest that you're paying and the fees, and pay it off or down as quickly as possible. the consumer financial protection bureau did do a study looking at credit card fees and they found capital one has at least one card that is charging something like 30% interest or

more. and so those are numbers that often consumers don't understand what interest they are paying on that card. so i think that's important for people to know as well as if you're able to get points, e rewards for either these cards. they might be wise to use them up now before those terms could change. >> all right, let's move on. beg changes there with implications for mastercard and visa if capital one was a big issuer that will start to move its transactions over to discover's network. american airlines moving on, raising their price to check a bag for the first time in more than five years. passengers will now pay $35 to check a first bag domestic flight. the service is booked online in advance. or $40 if they purchase the option at the airport. so i guess book ahead of time. both options previously cost $30. i think the airlines are saying, sharon, among other things that airfares have declined according to some measures by about 6%, so they are looking to make up for lost revenue. >> they are looking to make up for lost revenue.

consumers need to figure out how to avoid paying these fees or paying as much at all. one way is to look at a credit card that might be able to offer you points or rewards that you could use as a statement credit or toward travel purchases like checked bag fees. the other may be to look at airlines that don't charge for you to have a bag there. so those are ones that i think there is going to be more competition and people looking for where can i get those kinds of breaks as well as where can i get the lowest cost for that flight. >> all right, now finally, virginia, proposing a first of its kind plan to pay for a new sports arena for the washington capitals and the wizards. the plan would receive funding from the corporate tax businesses pay to operate at the arena as well as personal income tax paid by workers employed at those businesses. this is a novel approach to helping finance an arena that is basically going to serve private ends. >> very unusual approaching a lot of folks here buzzing about

it. a number of critics among those who are living in the virginia area. not sure if this will work out. it will be interesting to see what happens. >> it will be interesting to see what happens. and that is another thing. we'll see. sharon, good to be with you. thanks for being with us. and thank you for being with us and watching power lunch. we've got closing bell coming up right now i believe with scott wapner. hey, scott. welcome to closing bell, i'm scott wapner, live at new york stock exchange. this make or break hour will begin with more. high flying palo alto reports earnings in just about one hours time. part two tomorrow, none other than nvidia delivers. that stock is lowered today. the run on mega caps and the hype around ai. we will ask our experts what is really riding on those results. in the meantime take a look at your score card with 60 minutes to go in regulation. and for most of the day today, russell, it is the big lagger. that will follow two straightwe