there's risk there. >> thank you very much. mike santomassimo, cfo of wells fargo. that will do it for me and david. it's been a fun three hours. now it's the weekend. over to scott wapner and "the halftime report." see you next week. all right. welcome to "the halftime report." i'm scott wapner. front and center this hour, the return of volatility, stocks are falling, the vix is spiking, and concerns about the rally keep rising. the investment committee sizing up all of these things as we head into the weekend. joining me for the hour amy raskin, steve weis, jim lebenthal, everybody at post 9. we do check the markets. the dow down 300. the s&p is good for about a 50-point decline. you see it's given up. the nasdaq is the worst today. let's size this up, weis,s, on

where we're at. it's hard to be long if you're worried about israel and iran. you missed the inflation expectations there. i said the vix is up, bonds are up, gold is up. >> to your point, when you look at the only green on my screen that's up away from apple. i know we'll talk about that later, it's lockheed, and why is that? the story is coming out that iran will attack israel in the next two days. and then you have the other story, which is biden has committed defending israel. you'll see oil spike and inflation. i see no reason for the market to have had that move yesterday. it was almost a quite benign cpi number but not fully at all.

i was per plexed by yesterday. today does not surprise me. you're in the situation where investors are adjust to go maybe no rate hike. if, not when, if it's if, only one, maybe two. that is the difference, the geopolitical uncertainty, commodities still going higher and the dialogue, the narrative from jamie dimon, larry fink, et cetera. inflation is not getting down to their level anytime soon. the entire bet, will the market continue to have the surprising resilience and will the economy have the surprising resilience to such a long and swift rate hiking cycle and wait it out? >> dimon says as participate of their earnings release, we remain alert to unsettling global landscape including

terrible wars and violence. one such factor in jpm's business and the broader economy. rate cuts are not off the table. they've been pushed out, even the fed speakers are still talking about wanting to cut rates. you can't dismiss dimon's comments. we have the geopolitical concerns and the move in commodities is unsettling in and of itself in some respects. >> right. and to steve's point -- and this started last week. last week we got a lot of better economic data but the market wasn't up. i think that's a really interesting point because we're moving from this narrative we came into the year going to have a deflationary boom or disinflationary boom. inflation would continue to come down but earnings growth would be very strong. and now we still have the earnings growth story, but we don't have the disinflation story. maybe the narrative is shifting. maybe what you want to own is

different, commodities, value over growth, you want to own the short duration over long duration. it's a different narrative. i feel the market is slowly moving to that other narrative whether that's right or not still is to be determined. >> jim, you still have a disinflationary environment. it's not like, you know, i get that a couple of the cpi and the ppi-related prints why a little hotter than people wanted. pce, what the fed looks at more than anything else, is still moving in the right direction, and it's been highlighted by some fed speakers the last couple of days as one of the reasons why they still think there's going to be confidence to cut rates at some point this year even if it's later and by less than some had originally focuseded on. but let's focus on the here and now because you do have a turbulent week. you are heading into a week where could you get some geopolitical headlines that will be unsettling. but we do have to pay attention to the return of volatility. maybe it lasts a little bit.

what dimon is talking about in the context of the entire market landscape and what the landscape has shifted to. >> i don't want this to be taken as lebenthal is negative for the rest of the year. right now i'm a little negative. we've had earnings reports that were dynamite. stocks sold off on the news. they sold off on the context for this market right now. which is -- and i'll grant you, scott and amy, you were both right -- inflation is still intact. the pce has a 2 handle. the unfortunate truth is there's a discussion now that is not outlandish of not just when will the fed cut rates but will they at all? might they even hike rates? i'm not saying they will hike rates. i'm saying it's not an

outlandish discussion to have. going into this year i was bullish. if you had said to me on january 1, would you be bullish, jimmy, if the cpi missed and was hotter than expected three months in a row? the answer is, no, i wouldn't. would i be bullish if oil is now at $86? no, i wouldn't. the only thing different is that the market continues to retain this very high level. the reason for that most likely is economic strength in the labor market, which shows no sign of going away. i have some cash from trimming stocks. i am not buying today. i just can't buy where you have responses like i've seen in those stocks and a third month of cpi hotter than expected. >> are the bulls kidding themselves thinking this is all going to just work out? i go back to dimon, his comments where the market is pricing in a soft landing. he thinks that's way too high.

larry fink talks about it will be hard to get down to 2% on inflation. or, as long as we think the fed is going to cut at some point this year and we have this economic boon, does that overshadow the possible negatives, even the geopolitical ones which, you know, they don't tend to be longer lasting or have an extraordinary impact more than a couple days at most? >> i think we said the same thing about ukraine and it's still going on. let's hope we get through the weekend unscathed with anything that happens in the middle east. i think the bull nar taf is intact and we don't need any rate cuts. rate cuts are great, but we don't need them. the market proved that. we didn't get one in march. we won't get one in may or june.

the reason the market can move higher is because of growth and earnings. we should expect 8, 9, 10% pullbacks on these markets. even with that, scott, the next move will be a rate cut whether it's this year or next year. i don't think they will be raising rates. i think we'll go into a rate cut cycle. >> that's the argument we had the other day. if the market didn't believe that, we wouldn't be where we are. until that narrative changes, does anything really change? >> to kevin ace's point and the question i would ask, how long can corporate earnings stay ahead of where rates are? because it's the first time in history you have one of the quickest hike cycles in history, and every other time with slower hike cycles with peak rates being lower than where they are now, the economy has gone in a recession or close to it.

>> you didn't have the amount of stimulus in the system. >> that's right. >> that's been the greatest game changer in the history of this cycle. >> now you have a bet on the next administration, who is it going to be? if it's trump, he says, hey, enough stimulus. the republicans are saying enough stimulus. we don't know if he'll live up to his word. that would be a rare occurrence. everything else is constant, i can guarantee you, okay, that the rates, if they stay where they are for another extended period of time, earnings will suffer. we've taken earnings down in advance of this reporting period -- >> by about half? the other issue is what michael hartnet is talking about where he looks at the flow show where he says markets are looking bubbly and the price action of the market when you have higher yields and then the nasdaq is

moving higher, that is typical of publy markets. to landing equals bubble risk, so you have the largest large cap outflow. amy, what do i make of that? are we looking past the idea yields have moved higher of late and the nasdaq keeps humming along? >> that's the issue. and, again, to steve's point, if you expect rate cuts, you're okay. if that gets delayed with the market at 21 times in a large cap growth p/e of over 30 times and at a 5% fed funds rate, that gets to be a much harder equation as soon is what we're

seeing this rotation under the surface. >> there's never been a period like now in a very restrictive environment. because of the stimulus, to your point. you have to understand how prescient that is and it doesn't last forever. >> that's the reason why the fed is mindful of that and will be one of the things that spurs them to cut rates. you don't want policy to be too restrictive for too long or they risk a major error. >> well, i agree with that. h however, the biggest errors are what are directly focused on their mandate, which is employment, and we're at a historically low employment. you can see unemployment almost struggle, at least go up 60% to get to around 5% or 6% before they really start to worry. they'll focus on the trend, and

the other mandate, i would argue is more important, is inflation. they're not focused on avoiding a recession. they're focused on making sure inflation doesn't remain a very, very strong problem going forward, because that's what actually kills civilizations, what kills countries, and we've seen that in latin america, uprisings. you can't ignore it. >> kevin, if you look at the growth gains from the mega -- it's not only the mega cap stocks, by the way, maybe it's everything but the mega caps within the growth universe. a lot of chips, software, a.i. plays. micron is up. taiwan semi is up. lam, broadcom, we're talking 70%

gains. you don't want to look at those? okay. look at the cathie wood type names in the ark. robinhood is up more than 100%. block almost 100%. crisper up 60. is it on to something? >> when you put those names into the conversation, it's crazy to think these companies can have this type of return without any earnings to justify it. and if we look back to the october 27 low, the market is up so much in five months. we don't get periods like this without a pullback, without exhaustion. i feel like the narrative that markets are frothy, they're bubbly, is 100% spot on. you need to invest in the profitable businesses.

>> the other idea of when you will get rate cuts, we're going to show you a chart which was sent out to clients today, and you can obviously see the tech basket up while the number of implied cuts goes down. tony would suggest, that's the reason you need to keep your eye on the ball and go big or go home and stay in these stocks. you could bring this chart back and say, hey, look at that. look how much mega cap stocks and growth stocks have gone up even as expectations of rate cuts have gone down. does that chart right there speak bubble? >> to answer the second question first, i don't think i will tug on superman's cape today mega cap stocks in a slowing growth

environment is going to do just fine. the first part, nonmega cap tech will have a hard time. you can look at financials today. why are they laboring today? even if you try to find fault with jpmorgan's earnings, it was good. why are the stocks down? we're going to have an inverted yield curve for longer. now, again, nothing i'm saying is fatal but this is a hard time to step in today when you will likely have an inverted yield curve. it's hard to get really enthusiastic about financials. >> both of what hartnet is saying and pasquarelli is saying, this is a reminder to keep your eye on the ball. look at what's working. that trend is intact.

that trend can lead to a bubble if those stocks continue to go up as the implied rate cuts go down. that flies in the face of what it's about. >> not if the earnings deliver. you could see it in the mega caps. >> i would say that is unlikely. >> i would be hard pressed to think where the financials didn't sell off on the reports despite really good reports. >> look at what jpmorgan did. you tell me what is jm morgan up? it's up a lot. it's been around a new high. it's up 44%. >> take the name off it, off

facebook or meta, rather, here is what i say, you reference ark, and that's like seeing a movie and the second half is phenomenal but the first half really sucked. ark is still down. >> oh,i understand that, but i'm just looking at if you want a representation of where some are saying bubble, bubble, bubble, look to the nonprofitable growth names that have gotten, i think, a lift, at least in part on the idea of rate cuts. >> and i do think there are segments of the market, you're pointing out one that are bubbles. you get these valuations in stocks for companies that just don't have the fundamentals at all. i don't view meta, i don't view alphabet, amazon as a bubble. i view them as slightly overvalued even though i own them, but yet they have fundamentals, they'll catch up to the valuation. the bubble sector that you're

pointing to some of the spacs has had a bounce, there is no catching up. that will burst and come back down-to-earth. >> on my home screen, everything is red except for one name that jumps out at you. and it should this week, it's apple. coming off its best day since may of 2023. we're talking nearly a year for shares of apple. i wonder if they've now woken up. 175, pushing 176. it's been a minute since it's been above 170. you figure, okay, the chart looks terrible. bill baruch added to his position. he joins us on the phone to talk about it. why was this the moment to do it? >> thanks for having me on. the thing we looked at, everybody made a really great point about the risk and going

to commodities and materials, and we were prepared for that. apple was a casualty in preparing for that. we were about half the benchmark, half the s&p weight in apple and began trimming it. the news yesterday is what everybody has wanted from apple this year is the innovation, finally something new from apple. i think that's a very important point. it held the october low. we're moving back to get to the benchmark weight. the s&p is about 5.5% of apple. we're now back above 4% from below 3%, and i see myself or us adding more. i like to buy things when they're unloved. if it does have a good year, there is room to run on the year. the outlier here, if we start to see spending and services pick up in china, apple could pick up

as well. 160 to 170 is a big level for apple and it's responded. you need to see buyers show up at that level and they have. >> this is an interesting move to keep an eye on. we'll see you on the set. goldman trimmed, reiterate the buy, though, amy. any weakness is potentially an entry point. baruch says, the stock is down, i'll add to it. >> i still think it's expensive for the growth it will put up

even with the new products. it's hard to grow that fast. we own it. we're underweight the stock. it's a great company. steve andy talking about it. we were on the desk together, on the show, when it crossed 3 trillion. it's now 2.6 or 2.7, and everyone said it's going straight to four. i think it's fine, but it's not something that we're really looking to add to to generate alpha. >> all the news headlines, including today, it's going the other way. china is pushing their domestic phone companies. there's a reason they manufactured in india. it should be 100%. >> this stock has been amazingly resilient because of the install

base. any perceived lack of innovation, now they have the a.i. story and they expect that to unlock an iphone super cycle. >> we're buyers of apple. i agree with what bill said with the exception of china. that's not part of our thesis or narrative. we exited at 200. i see the price targets going up. they have $100 billion in free cash flow over the past 12 months. it might not be the innovator. it might not be the growth engine, but they print money and we like that part. >> you've been burned in periods of time, hey, if apple gets down to this certain level, then i'll buy it and it never reached the level you thought it might get to, you and a lot of other people. that just speaks to the resiliency of this name.

bill cites what feels like it might be an inflection point this week, new innovation on chips. now do you want to get more negative on apple ahead of a.i.? >> i don't want to get more negative. what i said to you, and this is consistent with what bill said, holding that support at 168, which was the october/november low, was very important. it did that this week. and that is important. why not buy today? i go back to where i am on the market overall. i do intend to add to apple, but i just find it very hard on a day like today in a week like we've had, so i'm not going to do it. >> are you saying the overall market or apple has had? >> for the overall market. obviously i'll acknowledge and you'll point out apple has had a good week and may have inflected, folks. >> you say you don't want to add to it on a down week. are you going to add on a great week? >> no, thank you. i think the market is going lower in the short term and i

think apple will get caught up in it. i think it will get caught up in another 4% to 5%. my dwut, my experience in the market says the market is going lower here. >> we have new moves to get into. we do have some calls of the day. kevin simpson has made more moves. steve weiss has. i'll tell you about that and much more next. >> announcer: are you following "the halftime report" podcast? what are you waiting for? look for us inou yr favorite podcasting app. follow now. (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is. (vo) the key to being rich is knowing what counts.

her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for.

let's hit the committee moves i wanted to get to. so, kevin, you bought honeywell. >> we initiated a new position in honeywell yesterday, scott. we think with everything boeing is doing wrong, companies like ge, aerospace, honeywell can be beneficiaries. they're streamlining a lot of the business. aerospace is the key component to it. i think they can also be a beneficiary of restructuring, on shoring, the infrastructure play. so 2.2% dividend, big share buybacks, solid dividend growth. it's been a stalwart dog for a while, too. we're looking for something to break out a little bit. >> sold some calls in freeport. >> freeport has been unbelievable. what we're seeing in gold and freeport specifically has been fantastic. the spike in volatility the last two weeks is giving us

opportunities to write premium. if you have stocks that you're invested in, that are appreciated, i would take advantage of write-in calls. we wrote a $57 strike two weeks out. an 11% premium. if the stock goes to 57 in two weeks, i'll ring the register. >> weiss? >> we're seeing the stock up for leidos today. it's one of the rare companies where it's both growing and it's also defensive. i use defensive in two senses of the word. number one, defense business is about 50% revenue. you go through the airport, you see the scanners, and then it has a health care business. where i like them in defense they're not a metal bender. they are a technology company. they're doing great things. the stock is cheap. this is one of my favorite

holdings and will keep moving higher and higher. it's a pretty full position. on dips i buy more. >> cisco is in the news today, jimmy, one of our "calls of the day." opened at your favorite financial institution, citi. price target is 52. they do rate it neutral. >> there's a show-me question. whether splunk can reinitiate earnings growth. i think it can. this is a show-me situation. absent splunk, things have been pretty dull at cisco, to say the least. a lot of tech spending has gone outside of cisco's products. more to a.i. and oracle and nvidia. >> do you want to take mcdonald's, kevin? lowered the comps today. unfavorable weather and increased competition will hurt comps, loop says.

>> seems high on the price target. based on the news they're talking about. the stock can't seem to get above 300. i think 300 is a lot more appropriate than 357. we've owned it for over a decade. i like the stock. it's a great compounder. i don't know that i would be rushing into it at this moment. and i think the price target is too high. >> weiss, do you want to talk netflix? it's bumped at morgan stanley. overweight is the rating. >> i would be hard pressed to think of a week that went by where an analyst has raised their price target. >> they had to. still, 700. make sense? >> maybe it's not a value because you have scarcity of a trading play here that's the leading player in the world that is profitable. they have tremendous leverage in their monthly subscription costs, which they've raised. still is below less of a product

offering are pricing their product. at the end of the day two players. one will be disney and one will be netflix. so i'm staying onboard again. maybe i'll get the opportunity the next few days to buy more but still relatively small position. >> asml, amy. you say you're looking to trim. the target got trimmed today to $1,052. >> very precise. >> at bernstein. they still rate it outperform. why are you looking to possibly trim it? >> it's had such a run. it's such a great company, if you look at the chart, it's a straight line up at this point. over 40 times. i think the story is known. i think all of semis have run and they've gone with it and i just think the space is probably a limb overdone. >> all right. we will come back. we're going to step into earnings next week and get up keanli.ahead of that mi sto with his "midday word" is right after this break.

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welcome back to "the half." i'm bertha coombs with your cnbc news update. the philippines foreign minister said in a meeting at the state department today that had country will assert its south china sea rights. tensions have been rising between manila and china over the strategic water way. it comes after the u.s., japan and the philippines met and announced new security and economic ties at a white house summit. a houston hospital has stopped its kidney transplant programs after it was discovered a doctor allegedly manipulated patient records to make some of them ineligible for transplants. the department of health and human services says it is investigating. and a golden tea cup worth

$68,000 was stolen from a tokyo department store. it was taken from an exhibition event. police say the suspect planned and carried out the crime with the event in mind. he has yet to be found or the tea cup made of 24 carat gold. >> bertha, appreciate that. our senior markets commentator mike santoli with his "midday word." i'm sure there's a lot on your mind. >> it's at least relevant in the short term, the lows of the day have been the same spot. it goes back to last thursday as low as well. the market was trying to make a bid to contains things. it seems looser than that right now. it's tough to really tease out

what we should extrapolate. you have the risk-off tone. the fed, i do think investors will welcome, if we can get the luxury of turning attention more to corporate earnings next week. >> do you think a lot is not wanting to be long into the weekend where you have geopolitical headlines testing nerves? >> there's an element to that for sure. i think, though, the fact the market is unable to ignore those or look through them right now and you're bidding for protection, it also feeds into what has been the existing dynamic which is gold rocketing higher for, pick your reason, but it's not reasons people are comfortable with the broader economy and policy setup and then the reflation trade in general going on. you have a failure of that familiar equity rotation that

has supported the market right now. i think that just tells us essentially four weeks ago, as we raced to highs, at least by the end of the first quarter, everyone knew we were due for a pullback. now we have a lot of excuses for one. >> i'll see you on "closing bell." still ahead, trades on united health and taiwan semi and more. there's the board. it's busy. we're back after this.

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which may be accelerating about 41 minutes past the hour here. some earnings that are on the tape next week. yunited health, kevin, on a low note, too, the stock hit a new 52-week low today. what are your expectations now? >> i would not be a buyer in advance of earnings. i was a buyer last month at 470. they've got just taking punch after punch. i want to wait and see what the guidance looks like. >> i'm just looking at the dow over jimmy's head. 38,000 even, gave it up for a minute and gave it back. a lot of it apparently, certainly what the narrative seems to be today is geopolitical concerns, iran and israel, a spike in the vix and that sell-off in stocks, yield

is down on a flight to quality, too -- flight to safety into bonds. let me get back to the stock at hand. 454 is where the decline is on the dow. so j&j, tuesday before the bell, you sold it last week. >> i have no expectations for j&j. i would not be a buyer. >> jimmy, genuine parts, that reports next week. you own that? >> i feel pretty good about it. we know the average age of cars on the road is very, very old, and people are having to repair them. >> weiss, taiwan semi. >> they have no spare capacity so you think the stock, the earnings should be pretty good. however, the stock is anticipating good earnings so the risk/reward going into it, if that's why you're buying it for the earnings, i wouldn't do that. >> kev, p&g? >> i think the stock will sell off. >> another stock that's been around a high is amex, right, amy? a week from today. >> we own it. i think it will be fine in the

quarter, but i think it's really well positioned with high-end users and travel. >> all right. we are going to take another break. we'll have more on the sell-off. the s&p is down by more than 70 points. the dow is down by 450.

all right. welcome back. in light of the sell-off, we want to continue to discuss this market day, because it's shaping up to be a difficult one. weiss, as we said, just to recap, gold up, oil up, dollar up, bonds up, stocks down and anxiety rising. >> actually today you're seeing the yield, which is surprising, amy and i were talking about this, the yield have come down on bonds today. you would expect that -- i mean, they went down, but you would

expect that the reasons that are driving this that there would be a flight to safety. not seeing it. >> well, you are seeing it. >> i'm sorry you are. i'm looking right here, i'm thinking of something else. >> what are you looking at, the masters? >> i'm looking at the market and the stocks that were green are now red. if i thought this was all about geopolitical, i'd buy it. that is always an opportunity to buy. always. >> something we're talking about yields, something we've totally blown past is how bad that ten-year auction was on wednesday. this may be inside baseball, folks, but it was awful. you can't have the deficit and debt levels. that's been weighing on the market. i agree with you, steve, if it were just geo politics, you buy

it on friday. there are fundamental issues. you have a strong labor market. you have people in business on the balls of their feet leaning into growing their businesses. as long as we don't start actually raising rates on the short end, we should be fine. >> it's hard, kev, if you are worried about geo politics more than anything else today, it's kind of hard to feel good going into the weekend long. >> you wouldn't, that's what we're seeing. they're going to cash, why wouldn't you? i'm an investor that's a long-term player. i don't have the ability to time the market. you can rest assured any hedge fund is going to cash because it's not worth the risk even to steve's point it's short term, why take the risk? >> let's underscore the idea that the overall narrative hasn't changed.

>> yes -- >> it has not changed. >> i'm leaping in only because i'm having a hard time being short-term negative and long-term positive. the fed still wants to cut rates, and that means you can b should make you a little queazy. >> some would suggest that earnings expectations have come down enough that they are going to be quote unquote easy beats. and that earnings are going to help save the day. >> but they haven't, and i think that's the problem. we just started, but so far we had some beats, and they haven't translated to the stocks going up. as much as earnings expectations have come down, the market is still up a lot year-to-date. and that means that embedded expectations are higher, and i think part of what we're seeing today is just the reaction to good numbers not coming through in stocks responding. >> are you back on planet

"halftime?" >> i'm back. i've adjusted to all the red in my portfolio. you have to realize how unusual that is for me. if you look at the market overall, not a disastrous day, down less than 2% on the move we have had. but if you look at a chart of the s&p, for example, you're seeing lower highs. so to me, that's a troubling sign. i would still think you would have a market -- the bull market is not over to jim's point, but i think we've been overdue for a nice correction. >> sure. crude oil approaching $90, you know, it raises all sorts of other issues. wti is at $85, $96. gold has been, as you know, kev, on a massive run. you had firms talking about even greater numbers than you are seeing here. >> we own free port, we own marathon, conoco phillips, chevron. dy t they didn't do anything for us last year, it was all about the

magnificent seven. i think a diversified portfolio at times can be validated when you see a day like today. i do think it's more geopolitical than anything else to your point. cpi wasn't that bad. it was a tiny bit hotter than expected. ppi is pretty much in line. it's inflation that's sticky and holding, not moving higher. >> mega cap selloff is certainly something worth noting. maybe the growth space in general. amb, you wouldn't necessarily consider a mega cap as we do the other big names, but it's down 4.5%. meta is lower, nvidia is lower. that stock had been in correction territory. it had a nice rebound, but even apple, let's show an intraday of apple. i said it earlier, of all the red on my screen, apple is the one sticking out, because it was hanging on to green. it looks like it could give that up. my point is, it looks like it could give it up before i finish

this sentence. >> yeah, i think this is partially going to be a rotation away from the large-cap growth stocks, more towards cyclicals, and i think if there is anything over the weekend and it does raise the energy price, you're going to see more of that in the future weeks. >> we'll take a quick break and come back with "finals" on the other side.

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12% free cash flow. >> i would buy the two-year note. it's a great place to hide. >> amgen, 14 x forward multiple. they're getting in the weight loss game. >> yimy? >> i'm just sitting tight for now. >> see you on "closing bell." "the exchange" is now. ♪ ♪ thank you, scott. i'm deidre bosa in for kelly evans. and here is what is ahead. big banks and energy are in focus today. our market guest is bullish on both but sees a less than rosier picture for the broader market for the next decade. here's here to tell us why. and ai a jobs creator? and a productivity booster, but he's warning of one thing that could get in the way. and you know him from "shark tank." matt higgins is also here. and fresh of