good afternoon, everyone. welcome to power lunch. i'm tither mathisen, glad you could join us. stocks have turned lower this afternoon as markets digest the jobs report. 270,000 jobs added in february, that's more than expected. wages ticked up less than forecast and unemployment rate jumped to 3.9%. >> looking at the weekly market numbers, all finishing in the red. bitcoin looking to close out a strong week with a new record crossing 70,000 for the first

time ever. we were just talking about 61,000. >> there it is at 68,000 for something that may or may not have value. we begin the hour with news on big tech, most of it not so good. microsoft is still struggling to deal with a hack attack. u.s. companies targeted by disinformation campaigns, a threatened ban on tiktok and a look at the troubles inside of google. first up is the microsoft hack. it happened in january but the ill effects are still affecting the company. >> that's right. microsoft updated the 8k this morning saying they are unable to stop the attack by an entity that is believed to be the russian foreign intelligence agency. microsoft says the attacker which in cybersecurity circles is known by code names such as midnight blizzard and cozy bear has been using information stolen from corporate email systems to gain access to some

of the company's source code repositories and internal systems. the company says that the russians have stolen secrets shared over email between customers and microsoft that microsoft has been reaching out to its customers to assist them in mitigating the damage here. the company also says the volume of some aspects of the attack have incrosed by as much as ten times in february. so this is clearly a serious and ongoing situation. it is worth noting that microsoft first saw the campaign in january. now here we are two months later and they have not been able to push the attacker out of their systems. microsoft's language around the attacks has been particularly dire saying in january that given the vast resources of a nation state attacker, we are shifting the balance we need to strike between security and business risk, the traditional sort of calculus is simply no longer sufficient. and saying today that this attack reflects what has become more broadly an unprecedented

global threat landscape. tyler, back to you. >> thank you very much. >> wow, while you are here, we want to ask you about a couple of other things, about a new warning specifically from the intelligence xhount community. this is a lot of dire news today. >> that's right. a new warning today from the u.s. intelligence community alerting corporate america of the threat of targeted chinese disinformation campaigns. normally we think of these vast media campaigns designed to affect election results or sew division in society broadly but these are narrowly taperer local campaigns designed to oppose company plans to open new plants or facilities. these can take the form of phony opposition to development or phony environmental activism online with fake american personas designed to inflame real opposition in the real

world. china's goal here is to slow down u.s. development of resources that are crucial to the american high tech industry. now in an exclusive statement to cnbc, national security center director mike casey says some western critical minerals firms compoting with china have found themselves targeted with disinformation operations designed to damage their reputations which can impact the company's bottom line. companies need to be armed with response plans that they have tested and are ready to action when the disinformation tafrgts them. this warning follows a spoech that casey gave to business executives in alabama earlier this year in which we cited an incident in texas where fake social media accounts sprouted up saying that rare earth minerals in that statewide expose residents to environmental hazards. it was code named dragon. the texas campaign was part of

this global effort targeting rare earth projects in malaysia and elsewhere around the world. something else for companies to watch out for. >> so these attacks would be to achieve a kind of commercial advantage for what? for chinose backed companies? >> this is about throwing sand in the gears and delaying access to rare earth minerals and other products that high tech manufacturers need in the u.s.. if you throw up fake environmental opposition, that can start real opposition from people who say i'm against that project too and that causes problems for american miners, businesses, plant owners and the like. it is geared towards china's advantage in that area. >> all right, thank you very much. u.s. companies find themselves targeted by foreign governments but the u.s.

government is targeting chinese companies. momentum is gaining against tiktok as the house committee voted to approve a bill that could lead to the platform being banned in the united states. lawmakers argue the bill is more of a national security measure against tiktok 's owner byte dance and less the threat posed by tiktok itself. let's bring in legal analyst danny cevallos and a social media professor at the university of florida. professor, let me begin with you to describe what the sensitivity is with tiktok and byte dance, its parent? >> well, there are a couple of different issues going on. the first is from a data security perspective. that's one of the big issues we are hearing about. it is how the chinese government could get access to 170 million american users on tiktok, their data and use that data for various potentially nefarious purposes including spying on

journalists, spying on politicians, depending on who is using it. the other significant issue is how the chinese government could essentially manipulate the algorithms and provide different content to the american audience as opposed to what the chinese audience sees. in china, they see content that encourages them to be good citizens, doctors, engineers. in the united states, the content is about young people create provocative dances or having a lot more discensus when it comes to the political system. we know there are two critical issues that the congress is worried about and justifiably so. >> danny, banning tiktok would make a lot of parenting decisions very easy. that aside, there are significant free speech issues

here. there are censorship issues here. walk us through a couple of the items that ought to be of concern. >> the first amendment is implicated but how? on the one hand, a foreign company doesn't necessarily have first amendment rights in the u.s.. but the rights that may be imprecated are the rights of the millions of users in the united states. they may have a right to speak on the platform and also, the supreme court has said that people have a right to receive information as well as part of the first amendment and that can include a right to receive the information from abroad. one major case in the supreme court many years ago involved a situation where americans had a right to receive communist literature from other countries in the mail. so there is this first amendment right and it is implicated but this is not absolute. this is only stage one. stage two would be deciding whether or not the government, their interest is substantially related to this legislative fix.

in other words, the government has to have a really good reason to infringe upon first amendment rights. their reason would arguably be that they are protecting the united states from foreign governments. >> andrew, earlier on in the beginning answer, you were talking about collecting data from journalists or from politicians and the worry is that it would be used in nefarious ways. didn't president biden just recently join tiktok as part of his election campaign? what kind of data would be gathered and used in harmful ways? and why in the world did biden sign up for tiktok? >> there are two questions there. more significant one is why did he sign up for tiktok? i think that is obvious answer and that's to reach a younger audience. you can look at all of the polling data that indicates that his younger numbers are hurting. along the same lines, one of the

issues that has not received a lot of attention is the fact that a lot of the younger people who are upset with him had been upset because of his response to what is going on in gaza. we know from research and a lot of discussions going on online that a lot of the discussions on what is going on in gaza has been on tiktok. so if we look at it from that perspective, yes, he is trying to reach younger voters on the platform. and two, one of the reasons why potentially the biden administration may be supporting this legislation and a lot of members of congress, is because of the content that is being produced on there and how it is creating a negative reaction for them in the upcoming election. as for the data which is the significant issue, we have to keep in mind that all apps, all websites sell data and it is accessible to our government, any government or company that wants to purchase it including the chinese company. where a lot more of the concern comes from is what data is

tiktok specifically collecting that may be different from the data that facebook, instagram, or snapchat is collecting, and then how they are using the data to see who journalists are contacting, hong kong, mainland china. >> the bill refers to national security interests. what are the national security interests that are threatened by tiktok? >> the reason the wording is in the bill, of course, is they are trying to insulate in advanced a constitutional challenge by putting in the bill saying in case you are wondering future court that hears this case, national security is our compelling interest and that's why if the court finds, whatever court in the future hears this issue, if the court finds this is infringing on the first amendment, we have already put some of the magic words in there. if the interest is important enough, it can with stand strict scrutiny, the highest test of

constitutionality whenever fundamental rights are being infringed upon. but again it is a two step process. the first amndment has to be involved here. it may be the case that users don't have a constitutional right to access tiktok. but there is another supreme court case that even gave convicted felons the right to access social media. so the courts have recognized that social media has become such a part of our culture, that there may be an increased right to access it in a way that we didn't think about two or three decades before social media even existed. >> danny, how likely is it that tiktok will be banned in the united states if it does divest from the apparent company? >> that is the question because the thesecond part is the devestment. a ban would be more likely to have constitutional attacks.

if you divest, you are not banned. that's an additional step to try to keep the federal legislation from being overturned boy a court. and federal legislation is more likely to be constitutional than state legislation as we saw in montana. not only is the first amendment implicated but also it is a camera clause. an individual state can undually burden interstate commerce. if montana said only red cars in the state of montana, that would burden all kinds of commerce because so many trucks with any red of them would have to pull off on the exit and avoid montana. >> fascinating stuff, thank you so much for joining us. now we will turn to google, the company is firing an employee who protested at an israel tech event. jennifer alis wrote the story and she is joining us from san francisco. give us the rundown of what

happened here, what the employee said and why the employee was fired as a result. >> sure. as google's real director was making a key note speech at a tech conference in new york monday, a google cloud engineer stood up and protestedproject nimbus which is a billion dollar artificial intelligence contract with the israeli government and military. he was escorted out of the building and it was captured on camera and went viral online. the company fired him yesterday raising that it was interfering with an official company sponsored event. we also found this week that google prematurely shuttered an internal discussion forum in the company ahead of a planned international women's day summit after a swarm of comments about the middle east crisis, palestinian women gained popularity in the forum. one example was claiming the company's a.i. gemini was showing bias in search results. those are things we found this week and you can tell the

descent has been growing and it is harder for the leadership to quell this. >> if that was just this week, i imagine there may be other incidents that we may not know of yet. is this part of a wider culture issue at google? i somewhat recall around 2016 election, there were issues as well sort of with free speech among the employees supporting different candidates? >> right. google has always since its founding fostered an open source, open discussion culture. and you know as it has ballooned the workforce, it has needed money in other areas that hasn't grown on trees for them very easily. it has had to kind of crack down and become what is a normal corporation. but it still tries to keep the spirit of openness. it has always struggled to have balance more so than other companies. employees were recruited on the idealism, speaking out, descent,

the founders did it themselves before stepping down. this is something that was inherited to current ceo sin dar pichai. >> i assume the individual was disrupting a function and it had nothing to do with the messaging of the person. but in the other case where the chat or messaging service was swamped with comments about the israel hamas conflict, what has the company said there if anything? >> right. so the company has not addressed the specifically the gemini example, the chat bot showing bias when using it. as far as firing the employee, they claimed it was an official company sponsored event and it created a disruption that

violated its policies, though it didn't tell us what the policy was. it is tough because at the same time, you can see in the video, as he is being escorted out of the building that the director is saying one of the great things he loves about working at google is the democraticivalus and the ability of others to have different opinions. so they are saying two different things and acting two different ways and expecting the employees to catch up to that. >> so what was the chat bot asked and why was -- what was the response if any? and why was that response regarded as insufficient or biassed? >> well, one example we found was an employee tested it asking gemini if women in gaza deserve human rights. it didn't have results. it said check it out on google search or look it up separately. so it gave no response to that.

when asked about other countries including france for example, it came up where gemini responded saying absolutely they deserve human rights and had several bullet points showing why they did and backing up that assertations. doing things like that, that is one example of what employees found. >> so it was the absence of an affirmative response in a question that was posed about gaza specifically and then posed in a different context about france and whether women should have human rights. >> and it was a pretty straight forward question. >> jennifer, we appreciate it. >> thank you. despite the feds hopes, the economy is still running a little hot. the jobs report is higher than expected, more on that ahead. as we head to break, a quick power check. on the positive side,etsy is up 5% and costco, sales are a little lighter than expected. i have been doing my part. that's your power check. k.'ll be right bac ♪ voya ♪

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welcome back to power lunch, everyone. let's get to the jobs report. 275,000 new jobs added in february. rick santaly is looking at the results. >> we have a special guest from securities. peter, welcome to chicago, one of the few people exchanges of the cboe. >> it is awesome. >> it is. >> here's what we are calling the piece, truth or scare with respect to january data and now moving into february. we had today's jobs reports. next week's cpi and ppi. what did you think of the jobs report considering jobs were 350,000, boom, and then 167,000 in two month revisions? >> i put it in the scare category. it was underwhelming. not only did you see unemployment rise, within the

jobs, a lot of part-time jobs were created and a lot of full-time jobs were lost. that doesn't seem healthy. >> we had an a discussion this morning on squawk box and it was brought up thatwhen you look towards history, many times a strong economy sees increases in part-time jobs but you said it a little different this time. >> in the past you see the economy growing so you hire people part-time and then you make them full-time. a lot of things have rolled over. travel is rolling over. you are turning full-time into part-time and that is negative, that is slowing. debt is rising again, consumers are capped out. the other thing i was looking at was on the report of the quit rate, it was lower than it typically was throughout 2016 to 2019. so it is not a great job market anymore. you can't turn around and get a job. we have to factor that in. >> in another area that disturbed me today, i understand last year we had 3.4% unemployment rate. this year so far the low has

been 3.5. however, to get a lower unemployment rate than 3.4, you are going back to 1953. and all of a sudden now, we see 3.9% basically, it jumps half a percent from 1953 to a two year high. what do you think? >> it makes me nervous. did people who needed a job lose their job? and if the hiring is going down, and part-time jobs are all that is available, what happens to spending? consumer spending which has been a big driver of this and surprised many people is no longer looking that good. credit card debt is back up. all of the things we talked about two year post covid no longer exist. >> we were talking charts. if you look at twos and tens together, they both dip. now they are coming back. so two is coming back stronger. short return has taken the lead on being a little stubborn with regard to going down in yield. what do you think that is about? >> i think people are realizing it is a narrow window for the

feds to cut. i don't think they can cut in september or november ahead of the election, it will be viewed as political where it is or not. so one or two cuts is all you get. in the long end, and when you start the campaign mode and maybe the state of the union last night was the start of it. people will get scared about the deficits again. we will see 5%, like we did last september when all they focused on was the deficit. >> and longterm charts now quickly, we are basically as a four week low in yields closing in two, six weeks in tens but we are holding 4%. i agree next week's cpi and ppi will tell the story. peter, thank you for joining us in chicago. courtney, back to you. >> always great energy from chicago, thank you. the stars are aligning for hollywood. the oscars air on sunday with ntvey.s and corors we will discuss when power lunch returns.

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than $230 billion worth of upstream deals in last year alone. pippa stevens is here with what that means for investors. >> we have seen a record year of consolidation in what some are calling shell 4.0. the driver is the need for companies to secure inventory. they are looking for the best undrilled resources so they can grow, maintain, maybe grow the production looking forward amid concerns about peek shale. that has led to a lot of consolidation and by far the most important oil. and this shows how large the largest players have become. exxon and pioneer are the biggest driller followed by chevron, diamond back and endeavor, as well as crown rock. looking forward, more than 60% of the remaining drilling resources in the permian are are owned by just the six players. what that means is that ever core si has talked about the theme of winner takes all within

the global upstream sector. average market cap has about doubled over the last decade for the s & p energy constituents while the number of companies in the sector has all but cut in half. that is an extreme concentration with exxon and chevron making up 43% of the overall market cap. we have to remember that energy has been out of favor so it is hard to attract new money into the sector. if you are a general investor with a very small allocation, you will focus on the biggest names because that's what you know. however and there is always a however, this creates opportunity. so rob themmal said that investors should look beyond the upstream players and look at gas and chesapeake. dan pickering said if and when energy comes back into favor, investors will look further down market cap with vital energy. concentration, everyone flooding to the same names can create

opportunity. >> you said exxon and pioneer have the most acreage out there and who is next? >> they are the biggest drillers in the permian once the deal goes through. they have the longest term locking forward, the most undrilled locations. that is really important. now that shale has been around for some time, all of the best locations have been drilled. the ones that are the most profitable are dwindling. so companies are focused on specific companies within specific baizens within the permian. you want to show that you can workgoing forward without spending heavily on u.s. exploration. >> you can see exxon and pioneer are way ahead. the others are bunched. thank you. shall we go to bertha coombs for an update? >> why not? thanks. an american jury has found the former president of honduras guilty today of conspiring to

import cocaine into the u.s. prosecutors say juan hernandez received millions of dollars from trafficking organizations in exchange for allowing large amounts of the drug to pass through his country on the way to the united states. the united nations claimed today iran is to blame for the physical violence that killed a young woman in 2022. masha amini's death in the custody of themorality police triggered massive protests led by women and girls in the regime. the u.n. said that iran committed crimes against humanity in response to the protests including murder and torture. the pentagon releasing a report today claiming sightings of ufos over the past centuries are not from alien spacecraft. congressionally mandated 63 page investigation found that there is no evidence of the government

covering up knowledge of extra terrestrial technology. i'm sure on reddit, they are disputing that. >> yes, how much of it do we believe? there will be plenty of suspicion. thank you. coming up, the state of the union, and the markets. following president biden's address, investors trying to figure out what the election means the stocks. we will discuss that and more next.

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welcome back to power lunch. the major averages starting lower. the next target wud raised on s & p to 5800 up from the original forecast of up to 5200. breana with sanctuary wealth is joining us now. we will start there. what gave you the impetus to raise your s & p 500 forecast? >> earnings came in better than expected. we were under the expectation that they were growing. what is amazing is that with the higher inflation environment we

have been in, margins have been able to expand. in addition to that, we are seeing stocks respond. i'm seeing moves that i have not seen in decades in terms of price behavior. and not just here in the united states. there is something going globally. we have japan breaking out to a record all time high that we have not seen in 34 years. we are seeing europe break out to all time highs even though their economy remained pretty weak. even australia broke out to record alltime highs. so there really seems to be a global momentum that is really benefitting markets and i wouldn't be surprised if markets are factoring in how a.i. is going to add productivity to businesses and that's going to trickle down into earnings for companies. >> we still are two sizable events that you didn't mention, the election and whatever the fed decides to do for the rest

of the year. how does that factor in? the s & p 500 under 5200 right now, 5800 is a long way to go from there. >> with the election, i understand people are very passionate about their candidate. at the end of the day, it's about earnings. and when we look at the legislation that president biden has put into place between the infrastructure act, the chips act, and the inflation protection act, that is adding to businesses' bottom line. i think that is baked in for this year. that is why i have confidence that markets can go higher and getting to the ability for the fed to cut rates. we had jobs data today. i think that data had something for the bulls and something for the bears. i think it is really a goldy locks. i think the fed will do a checkmark and it will give them ability to eventually cut rates.

as we move more into the summer months, june, we will see rate cuts and that will be very positive also for the markets. >> if i'm reading my notes right, you are saying go with the mo as in momentum, and it has been growth, big cap, and tech. why do you favor those areas over value and smaller cap? >> you know, that is a phenomenal question. i believe we are in a secular boom markets which last 15 to 20 years. you have to look at the leadership and where that leadership will maintain throughout the secular trend. that is technology and when you dive into that, i know we keep talking about the magnificent seven and four and it is really semi conductors. i'm keeping my eye on the semi conductor space as the major leadership. i think we will see significant highs. i do think there is a pivotal change that is coming from artificial intelligence that we

are all trying to learn and factor in. so those are my thoughts on that space. >> all right. just pointing out -- we have to leave it there i'm sorry to say. meta and taiwan among your picks there. >> i still like the mega caps. i still think this is going to stay mega caps. when you still have scarcity of earnings, growth outperforms outings. and as long as the bank is struggling with concern around regulation, although it looked like powell dialled that back a little, i think that will put a cap on financials. i don't think you can have a strong rally in value without the banks. >> thank you, mary ann, chief investment officer. strikes, snubs, and hollywood's major year coming to an end but not without some recognition. we will have the 2024 red carpet

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it's that time of the year again. the oscars are on sunday night. what does it mean for the movie industry and media giants? julia borstn is joining us with the latest. i need your expertise and rundown. i have to get it in soon. >> that's right. i'm here and i'm on the red carpet but it is covered by white plastic. this year's oscars on sunday come at a pivotal time for the entertainment industry as concerns of a.i. ripple fruhollywood about big questions of the potential impact of new tools such as open a.i. sora. and the opening of warner brothers dune 2 doubled the first installment and has surpassed $200 million world wide, but the box office is still down 13% from last year's numbers. now investors and industry watchers are looking ahead and

wondering if the studios have any franchises that could yield a surprise like last year's barbenheimer or if the box office will continue the decline from prepandemic levels. now the race is on for traditional studios and streamers to prove that the critical value of the investments with the awards thet are key for attracting top talent. going into the oscars, disney studios have the most nominations, 20 including films poorer things. netflix had 16 and bolstered by maestro which has seven nominations. universal has 18 nominations led by oppenheimer and apple has 13 and warner brothers has nine. but oppenheimer is expected to sweep the show, the most nominations of any film with 13 total, followed by poorer things with 11 and killers of flower moon has ten. and oppenheimer and barbie, abox

c is hoping to keep the ratings are rebound up. the show hit an alltime low in 2021. back over to you. >> what about some of the -- i'm amazed that we consider netflix and apple studios. that tells you all you need to know. oppenheimer could have been a little longer for me, only three hours and a quarter. is the bet that oppenheimer is going to sweep the table close to it? >> that's the expectation. if you look at the critical acclaim of the movie and it really hits all of the key boxes when it comes to an oscar movie. you have the epic performances. it is based on a very famous book, a very successful book and the fact that it touches on key issues for the society, it is expected to get a lot of votes there. there is some concern that barbie though nominated for best picture did not see greta gerwig

nominated for best director. a lot of people upset about that. i think we had two movies last year that defined the summer, defined the box office. i think people will be tuning in to see how it turns out. >> all right, we will be watching, thank you so much. appreciate it. still ahead, gap shares rising 5% today on strong holiday earnings. our three stock lunch trader will tell us if now is the time to mind the gap. we'll be 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 are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. you got this. let's go.

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>> welcome back to power lunch. we are trading three names moving higher despite the mixed rate coming from the broader indexes. we have the advisor chief market strategist, and a cnbc contributor. the biogen stock, shares are down over 10% this year. what is your trade on biogen? >> a sell. this is tough because there was a lot of expectation into the launch of the alzheimer's drug. the challenge was that they have

their sales which did not meet expectations and they underperformed. they argued they had a patient access issues and other logistical issues. the postpartum depression drug has not performed as expected. they have announced efforts to cut costs by the end of the year. that will save about $400 million, and help earnings, not the story investors can get behind. >> let's move on, that is a cell. docusing, shares higher after they defeated fourth quarter estimates, shares up 30% since the start of december. can they keep on rolling? >> we are neutral on this one. we could get excited about it. the challenge is that docusign was a pandemic darling, when assigning things remotely was a

challenge, they had a nice and beautiful, slick and simple product. adobe quickly caught on and is a significant competitor and a much more mature ecosystem that they have built. docusign has done better than i would've expected because they have continued and kept their base of customers and focusing on operations. what could get me more excited was to see them continue to improve and expand the product. but they are doing everything you should see, building a solid base and the margins are positive now. this is good stuff for docusign but we need to see more. >> a neutral. finally, shares of gap, gap inc. share are popping after the holiday sales were good, the

stock is still down despite the move in 2024 but shares up more than 80% over the past six months. gina, where do gap shares go? they have a new ceo and reworking the strategy. >> we are a buy. the new ceo is getting things done. there is a broader move among retail and gap as a beneficiary, benefit from feeding from the trends and making the right moves idiosyncratically but the broader move in retail is very strong and we think that is being lifted by two things, positive real wage growth continuing, and people are making more than inflation in their wage growth, that is clearly benefiting retail. there was a lot of conservative guidance going into the fourth quarter and they smashed the guidance and provided less conservative guidance going forward. that tells you that those wages

are feeding into retail sales. and the inflation trend is falling. yes, we saw the rise in ppi but margins are expanding and gap as seen margin expansion. those two things will benefit gap and the broad industry. >> the margins were impressive. the ceo said to me, i have to read this quote, "we devolved from a pop-culture brand to a clothing retailer and today we are getting our vibe back." i like that >> thank you very much, gina. power lunch is coming up next with more.

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rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) only three minutes left and a couple more stories you need to know about shares of amylyx plummeting after the als treatment failed phase three trials and they may withdraw the drug from the market.

the co-ceos said they are surprised and disappointed about the trial results. this was interesting. the fda had controversially approved the drug for use against als and a second stage trial but ow the drug has failed a stage three trial and the company is suspending it. regulators in europe had withdrawn it. >> frustrating for everyone in the als community for a potential scandal in college basketball, gambling watchdog flag again yesterday between uab and temple for unusual activity, the game open with uab as a 1.5 point favorite which ballooned as high as eight before closing with uab favored by seven no one is alleging wrongdoing but a move like that is unusual. what happened? maybe people see action on one side and decide to follow the sharp money, more nefarious possibilities include someone knowing nonpublic

information about one of the teams, or worse case scenario, point shaving, uab overed the inflated spread the winning 100- 72. we reached out to ncaa and temple who both say they are reviewing it but cannot comment. >> the betting on college basketball, pro sports, is growing amazingly. it does open up suspicions sometimes when you see a spread move like that. >> that is a strange move. equal payday, symbolizing how much women must work to earn what men do, women earn about 83.6 cents per dollar according to the labor department. that amounts to a difference of $10,000 per year and a half $1 million throughout the greater, god is bigger for many women of color with the gender pay gap slowly closing, it went from 82.1 since a decade ago, making

progress but still not there. today is international women's day. >> slow progress but important. thank you for watching power lunch. the market is tepid, reaction to the jobs report >> happy friday closing bell starts right now. >> welcome to closing bell. live from the new york stock exchange, make or break, the semi's are sliding, nvidia with a reversal and all of the raising new questions about whether one of the best trades in the market imply got to frothy. we will ask experts, including jeremy siegel who will join us to weigh in. in the meantime, your scorecard with 60 minutes to go in regulation. nasdaq is the pain point as mega cap names faced more selling pressure as the nasdaq