♪ welcome to "power lunch," everybody. alongside courtney reagan, i'm tyler mathis. glad you could join us. coming up a battle exxon and chevron over an oil project off the coast of south america. one complicating factor, venezuela's government. we'll explain that. plus, religion, politics, even sex. all topics many people would rather talk about than talk about money. why is it so hard to discuss personal finances? we'll dig into that. but first, let's get you a check on the markets. here just about 2:00 on the east

coast. we have the major averages mixed nasdaq composite is the leader, higher by almost .2%. s&p 500 about flat and the dow jones industrial is down by about .3%. the big action, not in stocks but in crypto. bitcoin gaining, look at this, crossing over that 57,000 mark. wow. look at that run. six months up 118%. so it's that crossing that $57,000 mark for the first time in nearly 2.5 years and bitcoin doubled in the past six months. i'm still trying to understand it. i think i'm there. >> astounding, doubling in six months. viking therapeutics nearly doubled today. the company says is obesity treatment had positive results in a phase 2 trial. more on this and big pharma later in the program. let's start, however, with david faber at the new york stock exchange with the latest on that exxon/chevron south america saga. interesting story, david. >> yeah. tyler, unexpected in a sense. it was probably almost 24 hours ago exactly when we first

learned of a potential dispute that could, unlikely to, but could derail chevron's $53 billion all stock deal to acquire hess. we learned in the forum of a merger proxy and a 10k that came from chevron yesterday was that they're in discussions with exxon about the terms of a right of first refusal on what is the jointly-owned, huge oil operations off the coast of guyana. it's called star broke, star broke essentially project. exxon owns roughly 45%. hess owns 30%. it does represent by far most of the value at hess. given this project could be producing as much as a million barrels of oil a day within couple of years. i actually spent some time there for my documentary a couple of years ago on exxon. and so was able to visit the operation.

you can see me there in that helicopter. yeah, we'll show some of the great video, of course, on the platform as well. it's an enormous operation. it's incredibly important to hess. and therefore it's incredibly important to chevron. what seems to be at issue is the interpretation of this said right of first refusal. to try to sort of narrow it down. basically exxon believes because there's a change in control or at least they perceive a change of control happening at hess, namely chevron buying it, that represents a change of control under their agreement because guyana represents most of the value of hess, hence they would have the right of first refusal to buy the 30% that hess currently owns of that joint of operating venture. the joint-operating agreement in a place that was put in place by 2008 worked on exxon's lawyers with its then partner shell. shell sold its stake back to exxon which then sold it to hess.

exxon for its part said, hey, we have lawyers in the building who worked on this. our interpretation is the correct one. chevron's lawyers will say something very, very different. in fact, they basically say language is not that at all in terms of a purchase of hess triggering this right of first refusal. i would also go to a note out from bob wilins been around for many years pointed to the structure of the actual merger itself another reason why chevron might be right saying it doesn't apply here, no. it's a reverse triangular merger. don't get too lost there. what that means the structure from the merger in the language may not be in effect here because chevron will create a subsidiary, it will be merged and into hess but hess will be the surviving corporation in that merger. and therefore as a result of the merger, wholly owned subsidiary of chevron, hess doesn't go away. it's not a change of control so to speak and therefore won't change the ownership of control

of the joint venture and therefore no right of first refusal should be activated. we'll see where this ends up, tyler. they're in discussions. it's unclear exactly what exxon wants here because the fact is that even if they were to go to arbitration and arbitrator said we do agree with you, exxon. then chevron would just say, forget it. we're not buying hess. so exxon still would not be in a position to actually purchase this 30% of their joint venture that is controlled by hess. we should mention as well the chinese oil company controls remainder of that hugely profitable now venture of course it wasn't when they way back started. >> couple questions, david. obviously am i understanding correctly that exxon is effectively an operating partner in this joint venture? >> that's correct. they actually operate. some of the things we saw on the screen there, the actual getting out of the oil. they have been operating that for some time. hess is a partner. they've invested.

i mean, i think as much as 6 billion over time, but they don't operate it. >> so why would it take exxon so long -- this deal was announced, what, last fall, as i remember. why would it take exxon so long to assert the potential or the possibility of a right of first refusal on that stake? >> well, it's unclear when they really did, tyler. we're first learning about it as a result of the filings yesterday. there was -- we now know mention of it made previously but it was confidentially made so to speak, sort of as a closing condition of the agreement that was not actually disclosed. and in fact, we still don't know a lot, including the language of the actual contract or the joint operating agreement by which exxon and chevron seem to be disagreeing right now. that's also confidential. so, we can't weigh in or have a lot of other lawyers or unaffiliated weigh in, yeah, chevron or exxon has it right. >> has exxon exerted or exerted

its right of first refusal or merely suggested that there may be a right of first refusal? if they've exerted it or expressed it and said we're going to do that, then that would suggest, wouldn't it, they intend to buy the hess stake in this project. >> yeah. it's very much unclear if they -- they do say they have the right. but they have not said that they're going to exercise it. >> got it. >> in fact, it's an interesting question because i have tried to understand, well, what are you talking about because they both referred to conversations and discussions. and i'm not getting a lot there, frankly, in terms of, well, are you just talking about whether, you know, who has the real right here or not? or is it an ask of some kind that's come from exxon. i just don't know. >> david, by the way, you were great in the movie "dumb money" you were great. >> you know, i spent a lot of time getting into character. >> i could tell. method acting, yeah, really was. you lived the part.

i love it. thanks my friend, david faber. it's been a rough week for solar stocks. one wall street firm is cutting its ratings on both of those names. pippa stevens has the story. >> such great declines you have to wonder did the analysts maybe miss the mark with this downgrade when a stock is down 30% in a week. basically, downgraded both saying the demand forecasts are too optimistic especially when it comes to the back half of the year. they don't see this big rebound. another factor that's been cited is that these companies are going to benefit from lower hardware prices. those tail winds are overexaggerated. they're going to be more subdued going forward. basically just saying they don't see this market turning around any time soon. we did also get some news out of sun power. the company said today that its ceo has left. that was effective last night. of course, this company has been very embattled major of three publicly traded solar companies,

sun power struggled the most thanks to concentration in california and traditional loan-heavy offering. the company brought back the former ceo last week as executive chairman and he's now going to or see this committee as they look for a new ceo. and finally, one more muir in this space, itron. it is hitting more than two-year high today, up 20% in the last two sessions. so they make smart meters, water meters, electricity demand meters for utilities. they're a big beneficiary of this surge in power demand, especially when it comes to data centers. they released earnings yesterday and got two upgrades today from both barrett and canacord. you see it there. some optimism around there. >> solar power three, five years from now, what's the general consensus where it will be with the adoption of that? >> the consensus it will continue to growing that hasn't changed the rate of growth has

come down. we have seen this with electric vehicles as well after these huge surges, company executives, wall street investors all expect that growth profile to remain for the years to come. but in reality, if you're growing many folds, if you're growing 300% over a couple years, that rate of growth is not sustainable. so i think the longer term demand profile hasn't necessarily changed. but the forecast for the rate of change and the speed of that adoption has maybe come down a little bit. >> fair enough. thank you very much, pippa. shares of macy's and low's both lower. 150 macy's stores will close over the next three years though it plans to add 30 small format macy's locations open 45 bloomingdales and bluemercury. we are closing under productive stores that represent a quarter of our gross square footage, but less than 10% of our sales. this is a story about real estate and geography and making sure you're in the best centers

with your best game. now, spring says he's looking at macy's total business, emphasizing what is working. bloomingdales had several years of profit and blue mercury 12-straight quarters of growing comparable sales. they are adding more employees to some areas of macy's stores it's investing in using ai to improve inventory and elevating and evaluating merchandise. variety without redundancy and lowe's beat expectations with sales and earnings with it forecast. they do believe the forecast will fall. do it yourself customers fell, sales to contractors essentially flat in the quarter. ceo marvin ellison told me on the phone the diy shoppers are looking for value. black friday and cyber monday hit records for lowe's but customers are also buying just single appliances rather than a whole suite of appliances. >> not doing the whole kitchen. >> or even just a dishwasher as opposed to buying a new dishwasher and stoe and everything all together there.

>> go with the coffee maker. >> lowe's shares higher hitting 52-week highs even on a record that was not super seller. technical take on some of warren buffett's biggest holdings. a little technical support aned. plus, we continue our dive into the economic ecosystem of healthcare. "power lunch" will be right back. at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients

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day's losses on that news. so, take a look, courtney, at the next one. >> yeah. so let's look at the market cap of nvidia, the third biggest public company, nearing 2 trillion dollars and made a lot of money for a lot of investors during its run. our next guest thinks the real opportunity now is outside of that handful of big tech stocks. let's bring in chief investment officer richard bernstein advisers. we spend so much time talking about nvidia and the rest of the magnificent seven because frankly they just put up returns that are hard to return, rich. do you think that run is over? we talk to our guests about the broadening out. are riches sort of spreading out to others? do you believe that's really true? >> i think that's the opportunity is the broadening of the market. i think that's what people should be looking for. look, how much do people not know about the magnificent seven or the fantastic four or whatever it is. everybody knows every little detail. they're overcovered by the

street. it's impossible to find something that people don't know. the opportunities are elsewhere in every other market, in every other part of the world, in small caps in the united states, everything. it's like the whole world is underfollowed rel ative to the magnificent seven. >> where else in the world would you be looking. we don't spend a whole lot of time looking rest in the world. the magnificent seven. give us some ideas. >> right. well, you can -- the story applies to small caps in the united states as well. i mean, if you look at coverage in small caps, it's woeful. there's very little attention paid to small caps which is typically true, except when you have big small cap bull markets. but outside the united states, you know, whether you're looking at a place like japan, emerging markets, whether you're looking at commodity sectors around the world, there's really a ton of opportunities that people just refuse to look at. and i think from -- there's no

sound wealth building strategy that says put all your eggs in seven stocks. there has to be some opportunities outside the united states and in smaller cap stocks. that's really what we're trying to find is opposed to joining the crowd in the seven stocks. >> does this stock investing environment remind you of any prior era or historical analog in investing? i'm thinking back to the dot com boom with cmgi and so on and so forth. >> right a lot of those companies didn't make money. a company like nvidia makes a lot of money. are there any analogs that you can think of and what lessons would you derive from them for today? >> right. so tyler, i think there's a misconception that the stocks in the tech bubble didn't make money. there were a lot of large cap tech companies that made money and subsequently underperformed dramatically. >> dell did and cisco did. >> oh, yeah. and ibm and intel and cisco.

i mean, there were microsoft was one of them. and -- but even among those companies, that were making money, have strong balance sheets, were cash flow positive, all of the above, the best of them, it took you six years, five to six years to break even if you bought at the peek of the tech bubble in march of 2007. the worst, it took you 20 years in the worse case. cisco was like the japan of stocks. it took so long to come back and break even. so i think the notion today that we're looking at real companies with real earnings is ignoring the concentration risk and everything else that's there. as i said, there have to be more than seven growth stories in the entire global equity market. it's just such an amazingly bearish view of the world to say there are only seven companies we can invest in. >> when you're thinking at other opportunities, at the top of the show we talked about bitcoin, the run it had above 57,000 and

sort of its doubling. we obviously now have bitcoin etfs. an investor that might want to look at this, hey, i don't want to miss the next run-up, what would you advise? look at an etf rather than bitcoin itself or is this game still too dangerous to play? >> well, i'm sort of notorious as being anti-bitcoin and anti-crypto currencies. i think the crypto crowd probably has dart boards with my picture on it, i'm sure. but, i think we tweeted today a very interesting chart and the chart shows you financial conditions and the easing of financial conditions and the performance of both bitcoin and nvidia. now i have to say we own some of the stocks thatwe have been talking about in some of our portfolios. just want to be full disclosure here. but the number one factor that is affecting both bitcoin and nvidia is financial conditions. it's liquidity. and that's one of the signs of highly specutive market that it's not fundamentals. it's liquidity driving all of

this. >> how do you prove that? >> the relationship is remarkable. >> how do you prove that? how do you show that it's liquidity and not fundamentals that is causing nvidia to go up? >> good question. what we did was we showed the financial conditions index and we showed that when financial conditions were easing, you'll find speculation takes hold more often. and so what you see is this financial conditions ease, you find both bitcoin price goes up and nvidia's price goes up. it's basically the same thing we're looking at. >> but last year when nvidia, what, tripled. i don't know what it did. it's done very well since october which was really the peak in interest rates. last year financial conditions weren't really in an easing mode, were they? >> well, now you're going to put my picture on all the nvidia fan's dart boards, too. thank you. thank you, tyler. no, the way to think about this is we're having a cyclical

upturn in earnings in the overall economy right now. you have certain stocks that are highly cyclical all of a sudden considered growth stocks that are reaping the benefits of that huge cyclical upturn. the way to think about this, i think if i'm not mistaken, about 150 companies in the s&p 500 that are right now growing earnings 25% or more. i'm going to guess not one person watching us knew that. and that's the point. what's so unique about the magnificent seven when you have 150 companies growing earnings 25% or more, that's what bubbles feel like people ignore the broad fundamentals and concentrate in a small area, a sector in this case it's seven stocks. >> seven stocks and you say -- what did you say, 150 companies? >> about 150. >> about 150 so that leaves you 143 other that are growing at very nice paces to choose from. >> that's just in the united states. that's just in the united states. >> fascinating conversation. always good to see you, rich. >> yeah. thanks, guys. >> thank you very much. stay away from dart boards. further ahead, money talks.

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welcome back to "power lunch," everybody. a weak durable goods out this morning has some people doubting how strong the u.s. economy is right now. let's get to rick santelli for a look how this is playing out in the bond market. hey, rick. >> yes. it really was weak. i was there at 8:30 eastern. we were bringing out the numbers. down 6.1% on our preliminary january durable goods. but there's a lot of asterisks that go along with this. when you stripped out transportation, especially the aircraft component, it became down .3%, which isn't good and less than expected but shows you where the dynamic was. it wasn't only that. consumer confidence. let's start out with the two-year note. look at a two-year note, that 8:30 eastern data came out that tyler was referencing how weak it was, when do you think the low yield was on 2-year note yields, exactly at the time that 8:30 eastern data was coming out. now we also had other events

today at 1:00 p.m. eastern. we had the last tranche of 169 billion in supply in the form of 42 billion 7-year notes. the smallest auction wasn't really up sized very much. it was 20 billion less than the biggest auction where the other two were the biggest and it went very well. and if you look at that chart, you can clearly see at 1:00 p.m. eastern rates drop because it was a pretty good auction. but they came back because the dynamics today are for higher rates. now, dollar index, see this chart. it's not on the glide path going down in a bad way. it's not like a ski slope. but it is going down. we're on pace for our sixth consecutive lower close in the dollar index. and this is coming at a time where the interest rate complex really isn't giving good reasons for the dollar to go lower. so we want to pay very close attention. tyler, back to you. >> rick, thank you very much. let's go to bertha coombs now for a cnbc news update. >> hey, tyler. former president donald trump is

trying to block adult film star stormy daniels and his former lawyer michael cohen from testifying in his upcoming criminal trial in manhattan. the trial centers on alleged hush money trump paid to daniels before the 2016 election. trump's attorneys claim cohen would lie on the stand and that daniels would use the trial to promote herself. neither have commented on that motion. the environmental protection agency announced $1 billion to clean up 25 super fund hazardous waste sites today. it will stretch from oregon to new jersey. which has more super fund sites than any other state. the funding is the third and final wave of $3.5 billion set aside to address hazardous waste sites in the 2021 infrastructure bill. and people in chicago will be feeling a weather whiplash over the next 24 hours. the city is currently experiencing summer-like

temperatures nearing 70 degrees. but that all changes later today with severe snowstorms or severe storms possible this evening. and then a powerful cold front moving in to the area overnight making it feel more like winter again. it's always that early tease of spring and then we get hit once again. >> absolutely. my in-laws are two hours from chicago. they said it's 74 degrees today. we're getting our yard work done. hopefully they're not planning too much, though, if it will get cold all over again. thank you so much. as we head to break a quick power check on the positive side, norwegian cruise line higher after announcing they were redeploying ships with a higher hand. weaker than expected results caused in part by costs of 2023 cyberattack.

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lilly competitor viking up 115% today. yes, you heard me right. after its experimental weight loss drug showed promising initial results in a mid-stage trial and for our next installment of our healthcare ecosystem series we focus on fa pharma including eli lilly, merck. is 2024 the year to the extent that 2023 wasn't of the fat drugs? >> yes, i believe 2024 continues the theme of obesity as a major theme in the pharmaceutical space. clearly the data from viking today very encouraging. it is phase 2 data and they are a few years out from phase 3 d data, not a direct competitor to lily and novo. >> land of the free, home of the fat. let's talk about lily a little

bit. lily is -- does it still have the pole position hereeven against novo nordisk. >> so, yes. i think at this point it's still a due oply. we are very bullish on lily and think that both can exist in this market. the key here is the data that they have but also the manufacturing and the supply that they're able to bring to the market. remember, they invested billions upon billions, novo just bought facilities. lil li investing heavily in north carolina. every vile made will be used by patients in the market. >> evan, yesterday we had the discussion as well on healthcare as we're looking at this all week and the analysts we had on was talking about the pbms and how they may be beneficiaries. what is your view on that space? >> so pbms are interesting. i highlight one of the themes this year is pharma out of the

crosshairs. right? they had the ira last year, we have seen that play out. but it's really pbm -- i know that some legislation didn't pass. but it's pretty clear that there's going to be a more scrutiny around the pbms and where the rebates and discounts are going. this is generally good for the pharma space because it allows for more transparency and pricing. the list price you see is not what these companies are making. and i think more transparency in this market is great. and it will help give pharma is tail windand improve its image a little bit. >> going back to some of your picks and you're looking at merck, what do you like there? >> not everything can be a glp 1 play. i like merck because they're doing a really good job diversifying their business away from con true da. this will be the largest l.o.e. in history come later in the decade. right now we're going through -- off patent. this happens later in the decade

and they're doing an excellent job of building up a comprehensive portfolio that allows them to potentially grow through that later in the decade and that's key for investors. >> you like abvi as well and humara. >> on the earnings call, on late last month, they increased their kind of near-term peak sales to 27 billion, really showing bullishness on those two assets, allowing them to move through the l.o.e., but pricing is really going down. and that is the next leg of growth for their immunology business, beyond they just did two deals last year, one in the adc space and psych space setting up for the next decade of growth for abbvie. >> evan, thank you so much for taking us through those companies and the industry more broadly. thank you. glp drugs like ozempic are

disrupting the weight loss industry worldwide, but the next major market may be the one for children. many families interested in seeking out these new medicines there's a real barrier to entry and that would be the cost. melissa lee takes a closer look at this burden in our new documentary "big shot" the ozempic revolution. >> for natalie's family, who are weary of bariatric surgery, glp 1 drugs are a glimmer of hope. >> i would prescribe it for you. you're so responsible. >> but now there's another roadblock, the cost. >> medicaid covering it yet? >> currently north carolina medicaid is not courting it. >> how much does it cost per month for a patient? >> anywhere between 1,000 and $1,400 per month of medication that you might need to be on for the rest of your life. >> $1,000 a month, $1,500 a month, i can't afford that. >> that's placing this medicine out of the hand of nearly every person that walks through our

door. >> watch "the big shot" ozempic revolution premieres thursday at 10:00 p.m. eastern and pacific on cnbc. >> i can't wait to see that. that will be fascinating. still ahead, speaking of money, the new wells fargo study found the talking about personal finances is harder than talking about religion, death and almost as hard to talk about as sex. our own sharon epperson will give us the low down when "power lunch" returns. fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations.

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on this network we talk a lot about money, but it's usually ore people's money. according to a new survey by wells fargo, people find talking about their own personal finances more difficult than talking about religion or politics and almost as hard as talking about sex. talking about money is what cnbc's personal finance senior correspondent sharon epperson does best and perfectly. sharon? >> thank you, tyler. well, wells fargo did an in-depth survey asking people how they feel about money. they surveyed just over 3,000

adults about 1,800 women and 1,600 men. 60% of respondents said sex is difficult to talk about, compared to the 57% who ranked personal finances as a tough topic. death, politics and religion were less highly cited. half of women are reluctant to talk about money because they say they consider it a private topic, compared to 41% of men. women are also more likely to say they don't want to talk about money because they feel they may be judged. and age made a big difference, too. more than half of younger women tended to say feeling judged made them avoid talking about money versus 35% of women overall. more than half of americans report having a love/hate relationship with money. with 57% agreeing that they could use mental reset in thinking about money and women even more so. for more on women and wealth, join me for a cnbc special event a week from today, tuesday march 5th at 1:00 p.m. eastern. we'll bring together top financial experts with advice to

set yourself up for success in this free, virtual event. and you can scan the qr code to register or go to cnbc events.com/women and wealth. >> can i tell you a story when i worked at money magazine years ago we did a survey like this. we asked what do you talk about more, sex or money. and i think it was -- i may have been money by a little bit. but then when you ask the follow-up question, which is which do you enjoy more, sex or money, let me just tell you that the difference between men and women was very -- >> i bet. >> men enjoyed sex by a lot more and women enjoyed money a lot more than they enjoyed sex. i don't know what that says about men, probably a lot. but at any rate, it's an interesting topic. money is kind of a taboo topic in many households. >> it's a taboo topic in many households. and when women are more demanding or more direct about what they want, advocating for themselves, they're seen as being too aggressive, too demanding. and so that makes some women

less willing to talk about money. i think, courtney, you're looking at me like who? that's not us. we talk about money with each other all the time, about our personal money. it's important to have that conversation. but i think we need to start dispelling the myth, right, and the conversations we have as friends and colleagues we need to have with other friends and make it like -- we talk about so many things. we should make money a top priority. >> absolutely. absolutely. financial literacy, i know you're a big advocate for and so am i. i think it's so important. >> it's so important. >> not to be a scary topic for us to be able to approach it even with young children, you know, as something -- >> and starting young. ibeen talking to my kids about money and what we can afford and can't since they were babies. i think it's really important. >> budgeting. i don't think a lot of kids even have the basic concepts of how to budget. >> they don't. they don't. >> but my mom taught me. we learned a lot about and this percentage when we're shopping. >> thank you, ladies. >> you're welcome. still ahead, we'll get to

some technical support. our chart will tell us which one of warren buffett's top holdings is -- according to just capital, only 11% of russell 1,000 companies disclosed 2024 race and ethnicity diversity targets for their management teams. but that's up 9% compared to 2023. celebrating black heritage, i'm sharon epperson. ♪

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welcome back to "power lunch." time now for some technical support. berkshire hathaway reporting fourth quarter results that increased 28% year over year. today, we're taking a look at the technicals of three of warren buffetts top holings as of december 31st. our chartist today is director of product at options play. first up, bank of america at 9.5% above its portfolio. second largest holding. what do the charts say about this one? >> absolutely. bank of america now is forming a base. so we're here depicting a downward trend, we look at a series of lower highs and lower

lows, which is what was happening here. but we can also look at the 200 weekly moving average. it's a smoother line, that's this line here. >> yep. >> because it involves a lot of prices. we overcame this, so this is acting as an area of support and now our next stop is actually overcoming this 36-level because we want to be outside of a down toward trend. we have to break those lower high. so as soon as we make a higher high, we've done that here. that's why we say it's forming at base. but now we just need it to overcome 36, but that's solid. that's a base. but what happens is when we're in this period where we're going out of a downwards trend and want to move into the upwards trend, we have to overcome the previous tips, if you will, of that trend and that's where we are. >> you believe we can do that? >> i believe we can do that. it's psychological. it's really strong level a lot of price points there. that means if you held it throughout this downturn, you might end up here and say, okay, i might break even. let me get out of it. the question is in areas of

resistance are really just an area of supply. will buyers come in? be more demand the nearest supply and that's the test that we have at 36. but so far, this is a base and that's great. that's good to see. >> next up, we have american express. above its third largest we are looking at the quarterly earnings. that is really good. what i'm looking for, for inc. of america, this is done. we had an area of consolidation that we broke out over. no longer are there any lower lows, or lower highs. now, we have a series of higher highs. that is a lot of bullish momentum. we have to support right here run the 188 level. we are getting into the super

highs based on previous trends. we can do a fibonacci extension. it is a fun math exclusion -- equation. this is right around the 218. 138.2 level. the next one is around 235. we have upward momentum will we get past this. >> lucky number 13. the american express, maybe taylor swift can look to this. >> we know this is a different one obviously. he likes to hang onto it, and drink. >> definitely in the dividend for this one. the charge does not look the same as well. this is longer in average comparison to 13. this is three quarters worth of crisis. over the past three quarters, we are flat. you look over the slope of the line, and whereto the stock is above or below. what is good, this is acting as support right here. however, it is trending and sloping downwards. that is not good.

what it looks like, is an area of consolidation. it is stuck being range bound. my resistance is around 62 level. we need to see that overcome. otherwise, it is going to be all bouncing, from ceiling to floor. >> you talk about the dividend play. is there anything technical that we should be looking about when you are reveling to to the prices themselves? >> it is closer to that oriented stock. they tend to move a little bit less. these are five dollar increments in comparison to the chart before. this isn't a lot of movement. this is a large timeframe. this is three years. this is the type of investment that you are looking at. growth, income, investment, it gives you a steady price. >> more bullish on bank of america, and american express. coca-cola, not so much. thank you for being here with us. >> thank you. we have more stoes tt riha

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we have four minutes left in the show. we have stories that you need to know. let's get right to it. bloomberg is reporting that they are considering switching from new york to london. they continue the u.s. listing. the company is still working on his application to list in the u.s.. with overseas applications with chinese regulators if decided, decide which place they are going. london, or elsewhere. >> they're worried about whether the uss he will let them resist. it >> they are often looked at as a chinese company. they have moved their headquarters to singapore. they don't actually sell in china. it is shipped from china. there have been a lot of

political resistances to the -- that. >> the account balance, the highest level in 2023, according to recent reports from fidelity. the average balance from right there, including 15%. 118,600. the number of the 401(k) millionaires also rose more than 10% on the year. i.r.a. accounts were up 12% on average balance this year. it was a bull market raising on bullets, basically. if you have a 401(k), that's pretty good for you. >> that gained 24%. i was surprised. i will take a page from sharon's book. my 401(k) account it did better than last year. it i'm a woman talking about money. check it out. we can do it. shares are on the rise, after a mediterranean restaurant chair -- jane listed earnings and

revenue. sales increased by more than 11% in the fourth quarter. to be a little bit of a blunder with the early accident of the release. ultimately, it ended up pretty well. >> it is the kind of place that i would like to go. >> the food is really quality and delicious. >> i really liked it. >> there is one out in jersey. 500,000 marriott bon voyage points can get you a trip to a major global city, or it could earn you a pair of tickets to see taylor swift. the hotel brand is now offering a special package, that includes a pair of tickets to see taylor swift. it includes a two night hotel stay, dinner, treatment, and transportation to and from the concert. this sounds like a good deal. we are going live with this today. >> it guarantees you access. it i have been a fan since i

was 15 years old. i have seen every tour except for the last one. i could not get access to tickets. despite doing verything that i need to to to be a verified fan. >> i think including vienna, toronto, madrid, stockholm, all kinds of places. >> i could take a trip and see taylor swift all-in-one. >> i just love it so much. one woman, doing her part. the student loan crisis. we are now donating $1 billion to the einstein medicine of college in the bronx. her husband was a proti■i■of warren buffett. they made an early investment. i think this is phenomenal. if you are a current student, or a senior, they will reimburse you for your spring tuition. >> they have the story in the newspaper this morning about her. very interesting, obviously, and a great, philanthropic person. the husband left the state to her, and said do what is right. she sat down with the people at einstein college of medicine. she was on the board. you can name a building fter yourself. i want to help people pay their

tuition. >> so awesome. relieving the medical student debt. that is amazing. >> she thought the einstein name was pretty good by the way. >> you don't want to change it. as time works. >> things for watching, everybody. >> closing bell, start right now. >> thanks so much. welcome to closing bell. here at the new york stock exchange. his make or break our begins with the strength of this full market. today, marking four months from the october bottom. stocks are near all-time highs. a rally that has been broadened well beyond tech. can i continue? we are going to ask our experts over the final stretch. in the meantime, the scorecard was 60 minutes left to go in regulation, looks like this. the little bit of a wait and see i had of the pc on thursday. that is all of course right there. we have highs of the day. we watch that very closely. united health have the bigst