♪ good afternoon, everyone. welcome to "power lunch." alongside courtney reagan, i'm tyler mathis so glad you could join us. rally resuming especially for tech stocks after this morning's cpi report in line with expectations with cpi out of the way for at least for now can anything stop this market

momentum, court? we heard about a lot organized retail theft i was there as law enforcement broke up rings after rings steal from stores and resale online. we have some amazing video to show you but first a quick check on the markets here at about 2:00 as tyler said, the markets more or less shrugging off that cpi report that came in in line but still hot, i would say nasdaq composite leading the way again up by 1% s&p 500 higher by $.9% shares of nvidia bouncing back strongly today yesterday we told you the stock had fallen 10% from the peak it had hit on friday morning. at $974 a share. so right now just a touch over 900. meta also rebounding today, getting back much of the ground it lost yesterday when former president donald trump called it an enemy of the people let's bring in a friend of everyone, michael santoli now for more on today's market

reaction to the cpi. >> no enemies. >> hey tyler. >> hey, mike. the core cpi was warmer than expected and the market had a little wobble on that. in general, though, it didn't change the overall story which is the components of cpi that are moving in the right direction lower seem to translate better into the fed's preferred cpe inflation measure. now bond yields have ticked a little higher today, so it's not as if we're completely dismissing the cpi. anybody who thought that inflation was going to be sticky around these levels probably found something to work with in this number. but i would interpret it more as the market has other priorities here which has continually flowing toward that ai trade and having that two-day cool off in nvidia and meta treated as a buying opportunity. we'll see. below the surface i think the market has been attempting to cool off a little bit. very hot start to the year. you obviously got the momentum trade. really overdone in the short term. see if that has to have a

refresh. more stocks down than up today. small caps are lower. i guess you have to say that headline indexes are bep fitting from the same familiar group of meg cap growth leaders. we have ppi, wholesale inflation as well as the fed meeting next week. >> mike santoli, thank you very much. our next guest says sticky services inflation is a problem that the fed just can't shake. but he doesn't think today's cpi report changes the fed's plan to start cutting rates some time this summer. jason pride is chief investment officer of private clients at glen mead. jason, welcome. my notes indicate you think most of the indicators macro wise are moving back towards normal. what does that mean for equities then. >> thanks for having me on, tyler. look, we are getting -- we've been through a fairly long period of abnormal that started with the great financial crisis, went through we had brexit, european debt crisis, we had a

pandemic, we had a long period of near 0% interest rates and inflation below 2%, actually averaging about 1, 1.5%. this has been a really long, unusual stretch of time that the markets and economy have been through. and the latest say year, year and a half is actually looking more normal than we have seen since the great financial crisis. so i think that's something that investors can begin to be more constructive about, particularly as we proceed through the rest of 2024, which we think is probably the last mile in that transition back to normal. >> does that return to normalcy well for equities? >> it can eventually oger well. our starting point is high in terms of valuations. and this inflation reading you mentioned a second ago, look, the last mile of any effort, right, if you're going for a run, last mile is obviously the hardest mile for you to get through in a run. but it's probably the same for

the fed getting inflation down to their target level. they made a lot of great progression from 9 to 10% down to 3, 4% that we're burping around in right now. to get down to 2 is going to take a little bit more effort. and i think that's what we have to work through in 2024. >> it's been quite a long race, if you ever run a marathon the last 6 miles are really hard to get through. >> i don't do marathons. it's five mile stretches. >> but i would like to ask you about your thought about services. staying sicky. i know the airline prices were higher in the cpi report. you've been to an airport, demand is sort of unrelenting. the lines are incredible, it seems every time you go, whether it's a key weekend or not. how much trouble is that for the fed when you're looking a the price of services? >> so, i wouldn't say it's an alarming trouble. it's something they have to push against as we go through the 2024. when you pull apart cpi, you know, food and energy was actually effectively down and has been for the past three months.

so have core goods. shelter is holding high, but we know what's going on there. it's that other thing, the core services excluding shelter that's actually been so sticky in nature and the fact that we're still running in 6, 6.5% range. look, i think the fed would like to see that number settle in at 4, right? 4 number would probably mean core cpi or overall cpis probably in that 2 to 3% range. 4 is a sustainable number. 6, 6.5 is not what they would like to see in terms of core shelter x services. it's very much underpinned by wage costs in that equation. and until we get a little bit more constraint in the labor market, we're probably going to be facing tougher numbers there, which makes -- it's what makes it so sticky and hard to deal with. it's kind of like that gum on the bottom of your shoe. >> you're a little weary of the magnificent seven and its ilk. where do you like -- what sectors do you like right now? >> so we've been advocates of playing the field overfollowing

and chasing the darlings. sometimes when grow to the betting track, unfortunately the market is kind of like sometimes. you'll notice that the darlings end up being overpriced or odds not in your favor. this point in time, mag sevens are such high levels bakes in some really good expectations over the next five to ten years. outside of that, look, the rest of the 500, 493 stocks is a full universe to play in. small capitalization securities is a very interesting area where valuations are a lot lower. and if you go abroad, you can find good opportunities. one of which we had in place for a while, it's now really paying off is japan. >> you like small caps. you like some consumer staples and health care. what part of health care -- that's obviously a very broad area from the hospital companies to the insurers to the pharmas to the bio techs where? >> i am t the stock picker for our organization. but the general idea is to

target stability in an environment that is still a little bit more economically uncertain and to favor the portions of the stable market or the stable portions of the market that are more reasonable in valuations. so health care can encompass both pharmaceuticals as well as healthcare services, both of which are reasonable in price to us at this point in time. >> jason, great to see you, sir. thank you very much, sir. jason pride, appreciate it. >> thank you, tyler. bond yields rising along with stocks today on the cpi report. let's get to rick santelli for more. hi, rick. good to see you. >> yes. it's great to be on again with a very special guest. we have jerome schneider, managing director of the short end of pimco. jerome, welcome. >> great to be here. >> cpi, i brought it out at 8:30 eastern. it was on the warm side and really does underscore how tricky it is what we call the last mile, meaning is the fed gets close to their first ease, how does today's cpi affect that

decision-making process? >> yeah. we don't necessarily think it affects the situation for june. that probably still remains in play. the focus on the last mile is really a focal point for the investors and the fed as well. we see inflation moving from a good sector to obviously concerns about rent, concerns about wage pressures longer term. a lot of these things are in flux. ultimately the equation doesn't necessarily mean you'll get back to the 2% threshold for the fed as quickly as suggested. while the fed might ultimately react to this downward trend in june, so, a muted view for how the fed thinks about it will probably be in the cards for the near term. 2024, the real question ultimately comes what happens in 2025 as you get a confluence of wage pressures, earnings coming from the -- >> let me stop you right there. when it comes to wage pressures, we all know as we have seen strikes. there's going to be more strikes. these things are going up. but, there are certain aspects

of the economy where there's sticky inflation, no matter what the fed does with interest rates it's not going to make a lot of difference. >> focussing on the wage pressure is important. but when you dissect it, there will be some technical industries contribute to the upward momentum in wage sectors. broad base continue to stabilize out of the covid environment. more importantly it means we're in a period of stickier inflation, growth which is somewhat still lower than expected, especially compared to 2023 and a multitude of events including geopolitical the fed may or may not take ome income diversification along the way even though corporate bondy that

of the money market funds, out of interest rate exposure to help finally, one more pass. when i look at what's going on with the fed, my big issue remains supply. supply is the outlier that could affect longer term rates. very quickly, do you think that we should be paying extraordinary close attention to these auctions the way we have on the long end? >> today is the case in point where you want to ultimately understand where the demand side is coming from. that demand side is really a function of term premium, supply forthcoming that's a longer term. secular view over the next three to five years. ultimately investors are going to demand a certain amount of premium that may not necessarily

be there today. pimco, intermediate to shorter term of th tay. tyler, back to you. >> all right, thank you very much, rick. new data just released from the treasury department, how many money we are paying in interest on the national debt. it's a lot. megan? >> it is a lot, tyler. we're actually paying more than ever. the cost of paying interest on the national overall spending for the month which also set a record for the month of february. came in 8% above a year ago at $567 billion. on the revenue side we saw smaller climb, up just 3% versus

a year ago. as a result, that deficit just keeps growing wider. the deficit last month was 13% higher than it was the same month a year ago. so big picture, guys, the budget keeps growing for the fiscal year so far we saw both revenue and spending set records in february just like we saw them hit the month before. guys? >> all right, megan, thank you very much. all right. coming up, the clock ticks toward a potential ban of tiktok. the latest next on that. plus, the new eu anti-trust rules have been in place for less than ten days. already apple is pushing back and testing the limits. we'll discuss that one next. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading.

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markets in the digital act in the eu went into effect. we saw apple cave to this today. they'll allow european users to download apps straight from the web. that's huge for apple. if you ever used an iphone, you go through the app store. they allowed other third party app stores on. no, no, no, we can't allow you to download apps straight from the internet. that would create some security problems so on and so forth. but again, we had the european commissioner on yesterday and she even said, we're looking into whether or not apple's idea for complying with our new law is, in fact, in compliance with this new law. and as this pressure sort of mounts, we're seeing the backtracking and changes already before any kind of formal punishment can come down. last week also they quickly reversed the decision to boot epic games off of the app store, about 48 hours after it became public, they booted them.

nope, they're back now. so we're really seeing how meaty this digital markets act can be, especially against apple, which has been so resistant to all these changes. >> what could be the financial implications for apple? what are they losing by diverting away from the app store? >> well, this is what investors need to pay attention to because this could ripple off throughout the world. >> ripple effects to other markets is my second question. >> here is the real thing. they collect these fees, obviously we know. we talk about that. the fees are less if people take advantage or if the developers take advantage of these new rule. but still charges fees. apple is. and new kinds of fees. so, one example, this is the one that's driving everyone nuts. called the core technology fee. so, if i'm an app maker and i decide i don't want my app in the app store, i want it in a third-party app store or people to download it straight from the internet, i have to pay apple 50

euro cents every time someone downloads the app. whether it's free or not. it's driving spotify, epic and small developers just up a wall. it's what the ec is looking into whether or not that is in compliance with it. also coming, any day now we're expecting here in the united states the department of justice to sue apple in this big anti-trust case on the same grounds covering a lot of the same topics as what the eu is already doing. so, what we're seeing now is an experiment of how apple could maybe operate in the u.s. in a few years. >> these fees would be to download the app to an apple product, iphone, ipad or computer. could apple make the argument and maybe they do, you wouldn't get this business but for the platform that we've provided -- >> that's literally their argument. >> we have given them the tool to download your app. >> that's exactly their argument. >> because of that you should pay us. >> that's what they said to

spotify throughout this whole battle. you're the number one music service in the world. a large part of that is due to our platform. you pay us -- you only pay us 100 bucks -- this is apple speaking, you only pay us 100 bucks a year to have access to our platform. you know, the least you can do is if you do want to take advantage of some of these in-app tool fees is pay us a cut. spotify says no way jose we're not doing that. so it is incredibly complicated but incredibly interesting to see apple cave to pressure before they get some kind of formal mandate or directive to do it. >> quickly. >> what's at risk, not just app store profits but fines. that 2 billion euro fine they got last week, separate case from the digital markets act. but, the dna up to 10% of global revenue for apple nearly $40 billion in fines they could be facing. they can't just eat that. that is not something they can just brush off like they have with so many other fines. again, coming to the u.s. soon,

so many of these issues will be brought up. the platform power, just what you described is likely going to be kind of the thrust of the doj's case against apple, using their market power to kind of force these fees and so forth. >> all right. steve, thank you very much. appreciate it. house members briefed on the potential tiktok ban vote now set for tomorrow. this is moving fast. emily wilkins tracking this developing story. emily? >> reporter: hey, tyler. well, yes, house members just met with members of the fbi, department of justice and the office of the director of national intelligence about some of their concerns over the tiktok bill. we heard from mike gallagher, the chair of the select committee on the chinese communist party that it was a substantive discussion. he has a lot of confidence going in tomorrow that this bill is going to pass the house and really the ball has moved from the house to the senate now. that's where all the really big questions are. and we talked to some senators today. and we are hearing a lot of support for what the bill is trying to do. but we're also hearing a lot of concerns at the same point about

some of the specifics in the bill. number one, senators just realize this is indeed a popular app. they want to make sure they're really clear on what it could mean for them politically about if they take that app away. they're also concerns of freedom of speech and make sure those who want to post on line and can say things are able to do so. and then of course, there's an issue that has snagged some other tiktok banning legislation in the past. and that's about exactly how targeted it is on tiktok. and the question, doesthis legislation punish a single company without kind of having any retrospective on there, without setting sort of wider standards. and of course, lawmakers who are supportive of this legislation say, you know, this isn't a free speech violation. this is not about tiktok. this is about tiktok and bitedance and the ability for american data to not be in the hands of the chinese communist party. tiktok is launching a lobbying effort here on the hill today as well as through their app again. they're encouraging their users

to call members of congress and state their concerns about this legislation. they also have a number of youtube -- rather tiktok users who are on the hill today talking with lawmakers. they're really stressing the small business. those who make a living off of tiktok and would have that taken away potentially if this bill is passed and if tiktok is not able to die vest from bitedance and find a different home. tyler? >> i'm curious. we talked about yesterday -- not you and i -- we talked a little bit about this. there are other chinese app providers, whether it's shein or other shopping that collect data on american users that are owned by chinese entities. what insulates them? why is the focus on tiktok and not on other providers that may also collect data and be owned by chinese entities that are subject to the chinese government? >> it's a good question.

and when we asked lawmakers about this, a lot of them have come back to tiktok's algorithms the one that decides what you're watching and what video you'll see next and what content you watch next. all of those are concerns. it's different to have an app where you're being fed a stream of videos say an app you're going online and buying a new dress or buying a new skirt. lawmakers have acknowledged there is some data that, of course, is getting through. but they don't see the same level of data and the same level of information and concerns that they have with tiktok at this point. >> all right. thanks very much. we appreciate that. emily, thank you. well, further ahead, sam altman making sure not to put the cart before the horse. the importance of locking down strong power grid before moving forward with ai development. "power lunch" will be right back. fx: wind, rain and rolling thunder] nobody's born with grit. british announcer: rose is really struggling. it's something you build over time. american announcer: that's 21 missed cuts in a row.

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record highs today. all three of them not 52-week highs but all-time highs. so part of that is thanks to a dip in utilization rates. it's normal for utilization to drop during the winter. but we have a chart here when you can see that yellow line is 2024. so it is lower than in recent memory and at one point it had dropped below -- set a new five-year low. part is thanks to the outage of the bp whiting refinery in indiana as well as colder temperatures along the gulf coast. remember, they are about 50% of our refining capacity. they don't weatherize their units because they're not used to cold temperatures. some are running in excess of 700 degrees. so when it's cold outside, you have to pair back your operations. so that, of course, is pushing up prices at the pump as we're all aware. the national average is 3.39 that's up 28 cents this year. now we're heading into the summer driving season. so one thing to watch there. and the refiners continue to benefit here because we are

pumping a record 13.3 million barrels per day. if you can't convert to usable fuel, it's useless. we're not putting oil in our bathtubs. >> what are you going to do with it. send it to some storage facility. >> yeah. exactly. and then it has to be refined into the end product. long time they have been seen as not having a future given this predictive low down in gasoline, slow down in fossil fuel demand. as a result we have seen capacity drop a lot since 2019 and new refineries are coming on online support these margins. >> thank you. good stuff as always. let's get to kate rooneys with a cnbc news update this hour. kate. >> scott peterson was in court nearly two decades after his high-profile conviction for the murder of his pregnant wife. he appeared virtually for a hearing today with the los angeles innocence project. the nonprofit lawyers claim there is new evidence to suggest scott was falsely convicted in the 2002 death of his wife lacy

peterson and their unborn son. the white house meanwhile announced the details this afternoon of a new military aid package for ukraine. officials said it would total $300 million and include artillery rounds to keep ukraine's guns firing for a short period as the country fends off the on going russian invasion coming as the president pushes republicans to stop blocking billions of dollars funding for kyiv. roku disclosed a data breach affecting more than 15,000 users. the streaming company said user names and credit card details were stolen in a third party leak and sold. the unauthorized users then signed in, tried to buy subscriptions and hardware. roku says it required all affected users to reset their passwords, guys. back over to you. >> thank you very much, kate. we appreciate it. still to come, inside the shadowy world of organized retail crime. cnbc gets exclusive access to how thieves steal millions of dollars of items that end up on sale online. we'll be right back.

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♪ organized crime ripgs targeting the country's

retailers are prompting an aggressive nationwide crackdown by law enforcement. cnbc exclusive we go inside targeting the tleft rings set up thriving businesses to steal and sell online. here is our investigation, selling stolen. it's a chilly, clear morning and the picturesque foothills of san diego, county, as we head to a suspected crime scene. a convoy of law enforcement vehicles is about to descend on an unlikely place, a mansion, complete with its own vineyard and chapel, rented out as a wedding venue and airbnb. police believe it's also the headquarters for a lucrative theft ring, items stolen from ulta beauty supply and other retailers are being resold on amazon. authorities tell us they have the suspected ring leader in handcuffs. >> what are we looking for? >> there they are right there. [ sirens ] >> reporter: and it's happening

everywhere. for months, we got exclusive access to the california highway patrol, watching up close how it fights organized retail crime. which including external theft, totalled $40.5 billion in the u.s., according to the national retail federation most recent estimate. on another day in another california city, we see more truckloads of what police say is stolen clothing, mostly from tj maxx. >> we have a search warrant for your residence. come out. >> it's hopeless. i want the retailers and victims know that's not true. >> hands on your head. >> reporter: retailers specifically pointing to theft as a growing problem in recent years include target, foot locker, walgreen's and ulta. few quantity the impact or offer many details raising questions in the industry whether retailers are cover their own operational missteps.

at the mansion, the woman in custody is michelle mack. according to the search warrant, she's in charge. giving a group of a dozen women across the country a list of retail stores to target, along with the retail merchandise. those ulta beauty products ending up on an amazon digital store front called online discount store at deep discounts. mack sold $8 million worth of merchandise on the platform since 2012. the next morninga team from ulta unloads the haul, along with chp officers, sorting and carefully organizing everything. most of it, $387,000 in stolen items from ulta. according to authorities, but also some items from sephora, victoria secret, bathand body works, sun glass hut and lens crafters. and these boxes of manila envelopes, they were being mailed to customers who ordered from the online make-up store who now aren't getting anything. like donna washburn, who says

she bought her daughter a $42 makeup item for christmas. did it ever occur to you buying an product off of amazon, it would be stolen? >> no, never. you put a trust in a store like that that they're checking these things. >> reporter: as for michelle mack, california attorney general announced she and her husband kenneth are facing charges of conspiracy, grand theft and receipt of stolen property. the macks have pled not guilty. >> this amazon marketplace site called the online makeup store that was selling the stolen goods year after year. >> we asked senior executive vice president of the retail industry leaders association how this could happen. so if you're amazon, should you have had some kind of an algorithm that flagged it? >> this is not just about amazon. there's other online marketplaces who serve as fences for the sale of stolen product. but i don't see the online marketplaces raising their hand and saying we acknowledge that

this is dirty money. >> reporter: retail ceos have been largely mum about organized retail crime. but ulta beauty ceo dave campbell spoke to us in an exclusive interview about the issue. >> we're absolutely fed up with it. it's impacting the experience that we work so hard to deliver for our team, these situations. they're not fun. they're threatening. they're intimidating. they can be traumatic. >> what do you think in this case in california that we're speaking about, that amazon could have done to know these were stolen goods? >> what i would say more broadly is there is technology available, there's use of advanced analytics and data capabilities to try to understand behaviors that are indicative of reselling stolen goods. >> are you shocked by the sheer volume that one ring could have been doing over more than a decade? >> unfortunately i'm not that shocked because we've seen it in other parts of the country. the magnitude of this one is

significant. i do believe that the marketplaces and online distribution of stolen goods is part of the problem. this is not some individual that, you know, bought too many lipsticks and they want to resell it. >> amazon declined an on-camera interview told us, it was, quote, untrue that the company is profiting from the sale of stolen goods. a spokesperson said we invest more than $1 billion annually and employee thousands of people to fight fraud. the company also said it uses sophisticated detection and prevention solutions allowing us to quickly spot a range of organized retail crime schemes. amazon in this case we did not receive signals. t.j. maxx says they're laser focussed on fighting retail crimes in their stores. go to cnbc.com. we have a wonderful digital write up. this was just a snip pet of the story. we have a wonderful 17-minute

version you have to click on and see. >> what do -- i think the executive there from ulta partly hit on that. what do the retailers that are being victimized about this say about the earnestness of the resellers like amazon in trying to combat this crime? do they believe that amazon is doing enough or not? >> so, to be totally honest, this is really a first of a kind interview. a lot of retail ceos are not giving many details or talking much about organized retail crime. the ones that talk about only say that it's happening. so i can use the example really of only dave kimbell the ceo of ulta says he does believe online marketplaces are part of the problem for this. and he says i hope that everyone takes a hard look at what's going on, using all the tools that are available to make sure that you're not selling stolen goods. in this particular case, this was a third party marketplace seller that did all of her own shipping of the items. and simply would just use the

amazon model that allows to pay amazon for hosting her site. so amazon never touched the product. they never saw the product. others might point to it and say how are you able to sell prestige beauty items at such a steep discount for more than a decade. that's where some of those questions do come into play. >> sounds like the thieves are part of a loose but centrally organized confederation. the thieves would go into an ulta in let's say abilene, texas, i don't know. they go in and scoop up the stuff and they ship them out to the woman in the mansion in california? she repackages it and sells it to the unsuspecting customer in des moines. >> yeah. we have more details on this exactly in the online story and in the longer version. but she is sort of the ring leader. she would give shopping lists more or less to individuals throughout the country in states as far as way as ohio and say, i want these products from these stores. she would pay them to do it. >> they would get compensated by cash. >> pay them to do it and ship them to her and she would be the

one running the business. which from the photos that the police provided to us -- we were on scene but legally not allowed to actually approach it, you could see it looks like a warehouse. >> courtney cut, taylor's version. >> it's a deep cut. it's a deep cut online. i encourage everyone to take a look. >> sounds cool. >> thank you. still ahead, powering ai won't be an easy feat. sam altman is looking on what's needed to scale the technology. one of the energy names he's backing when "power lunch" returns. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized,

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♪ welcome back to "power lunch." one side effect of the ai boom, the huge amount of power it takes to run these systems. that's a hot topic this week at the south by southwest conference taking place in austin. cnbc's mckenzie is live in texas with a look at how one of ai's biggest names is looking to solve this problem. hi, mckenzie. what have you found? >> reporter: hey, courtney.

i lived in austin and south by southwest is the best time to be in the city by far when you get the inside track on the tech that will hit the mainstream in six months from now. this year the hottest topic, of course, is ai. and a lot of people are talking about the energy problems that it presents. i spoke with the ceo of one of two power companies chaired by open ai ceo sam altman. >> one of the things we think about what it takes to scale ai and where it goes. obviously you need chips. that's a big part of it. but then you need energy to power all those chips and need it in massive amounts. you want it something that's extraordinarily scaleable matches well with what the demand looks like. in other words, ai compute will be something that's 24/7. you need the power always. >> reporter: so they're all about nuclear power because it's inherently reliable, very clean and extremely scaleable. this is why silicon valley has been pumping money into nuclear energy for years. bezos and gates are two other big supporters of nuclear power and talk that altman could take

it public through his spac. look out for that as well. and waiting some of the more novel ai applications being discussed here at south by southwest this week. one example i have to bring up now, south korean developers debuted an app called soul link, to talk to a dead loved one that's literally out of a black mirror episode, guys. >> i sort of cringed at that. oh, i don't know how i feel about that one. >> you should have seen courtney perk up. she had her head buried in something over there. >> oh, i don't know about that. >> so how much -- how much power does it take to power ai? >> reporter: that's a great question. and we're talking about an age of ai before llms or integrated into search engines. what's that happens, it's going to go through the roof in terms of what's needed to electrify ai. the bottom line is data center rents are spiking up almost 16% from 2022 to last year. and you know, we're not even

talking about electrifying vehicles across the u.s. i think the bottom line here is that more power is needed and nuclear is a good source for that. >> it is very interesting. and i know you said sam altman sort of has an interest in this directly. so that is a fascinating part of the story to continue follow that link together. mckenzie, thank you so much. still ahead, oracle shares are up 12% following a third quarter earnings beat. three-stock lunch trader will give us her thoughts on that name, plus of course two more. as we celebrate women's heritage month, sharing the stories of some of our n newly-named cnbc change makers. annual list of 50 women on the list. ♪ when change makers can challenge the status quo, they will met adversity. so i think that change maker will have to be driven by a profound higher purpose to bring great benefit to human society.

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welcome back. time for today's three stock lunch. victoria green, chief investment officer with g squared private wealth. good to see you. up first is oracle. i'm having my stat day in two years. stats are better. hope you're having your best day in two years. >> absolutely. i most certainly will with the time change, not going to lie. oracle is absolutely a buy. it's breaking out and finally leaping above. it's finally the market, it's realizing the value they have and all of their databases and cloud servers. they will try to compete with aws and they will get there. they have $80 million backlog. for me, i see oracle continuing to push out just breaking out and i think you can still get

on board. >> okay. maybe there's room to run if you're not in oracle get. up next is 3m. bill brown, the former head as his next ceo. that stock up to date on the news. what is your trade? >> this is still a turnaround story. there's so many headwinds to the company. it's ,120 conglomerate bringing in an outsider that will probably do well but he has a lot to get through. they have two lawsuits trying to finalize settling, they have to put aside their debt rating, they are spinning off their healthcare systems. it looks a little bit like ge with eight may not continue to break apart the streamline which they talked about potentially having a focus on new lines and call others. they have a ton of problems. 43% of revenues are international. it's just been soft. not only do they have litigation headwinds and are

working on spinning off the streamlining but still have sector headwinds everybody else is facing. i take this up, i don't see it hitting. >> let's move to southwest airlines. they said they need to cut capacity, re-evaluate its forecast for the year. that's never a good sign. citing boeing problems, what's your trade on southwest? >> i know it's down but it's a sell for me. it can always go down further. it's much more likely it hits that 22, 25 maybe new lows. they have to cut because they are getting zero mac sevens, there only getting 29 new plane deliveries, they are freezing hiring and re-evaluating spending. those to me and measures that southwest is taking is not one thing. they are looking across the board, facing rising fuel prices, they don't have the international routes that delta or united were able to lean on and it looks like potentially their consumer is getting pressured and they also don't have quite the rewards and extras. we pay so much for baggage fees and those keep rising.

southwest is customer friendly as they are limits the revenues to plane tickets. it cuts off more revenue streams that other airlines have been able to lean on. i think southwest is a little too exposed here and airlines are exposed because you can't just build an airplane in a few months. the backlog is years. >> thank you very much. coming up, oscar ratings just jumped to a four-year high. was it oppenheimer or ryan gosling? we dcued tt whissshaen we come we dcued tt whissshaen we come back power e*trade's award-winning trading app . makes trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley power e*trade's easy-to-use tools

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>> we have about 90 seconds left, let's see how much popcorn we can feed you. abc telecast at the 96th

academy awards. 19 a half million viewers was the most watch oscars ceremony post-pandemic. the pump is largely credited to the rivalry that dominated box offices last summer. ryan gosling's performance of i'm just ken had people excited to tune in. i think it was the fact barbie and oppenheimer were just big hits people have seen the movies that were on. >> i thought emily blunt and ryan gosling's back and forth with each other when presenting the awards was very funny, clever. the i'm just ken performance was funny watching from afar. it seemed like celebrities were rolling in the audience. in person it must've been better. kohls is teaming up with the owner babies r us to bring baby gear furniture and more to approximately more stores to start. they struck a deal, a brand management form that includes joe's jeans and others , terms of the agreement were not disclosed. i spoke briefly with the ceo

and his first interview since he taken the job over a year ago. he said those those all about connecting with our younger consumers, trying to bring them in right for the journey. a store within a store and it's a licensing agreement. >> thank you very much and thank you for watching power lunch. welcomed the closing bell. this make or break our begins with a battle within big tech. whether your best move now is to stay with the years big winners or switch. we ask our experts over the final stretch. that space stages a rebound in today's session. we hear from can get 10. we will do that in a few moments. your scorecard would 60 minutes to go in regulation looks like this. the average is all but rushing off today. s&p was a touch hotter. the yields did move modestly higher.