strong. >> pete? last but not least. >> look at e-bay you can trade the options, but stay with the stock. >> can i get an oh yeah, you bet ya'. >> it's cold out here. >> thanks it that's halftime. "the exchange with kelly evans" begins now thank you, brian here's what's ahead this hour. jobs boom rolls on economy has had positive numbers for 100 straight month what does that mean for interest rates? and maximne waters weighs in. and going to pot is the new obsession with weed running too hot? we'll get to that. we begin with the markets today. seema mody. >> strong earnings reports allowing investors to offset concerns around trade.

dow on track for the sixth straight week of gains off the highs of the session 108. take a look at the out performers you are seeing in the number of energy stocks thanks to better earnings from exxonmobil and chevron both contributing about 40 points of the move that we are seeing in the dow right now. the s&p energy sector is the best performing sector not just today, but for the year up 2%. then in health care. a couple of individual moves moving to the up side. reporting better than expected highlighting the cancer drug keytru keytruda kelly. >> thank you, seemy. welcome to "the exchange." we are coming off the best january in 30 years. stocks are rallying although factory activity in china fell to a three-year low. that plus the strong jobs report has cheered the market today

bob has more bob, i wonder when investors go from relieved to worried about a fed mistake or inflation coming. >> they are not worried about the fed. that is the key. we have moved three times in the last 24 hours. at the close yesterday chinese trade delegation with positive comments. we move up kwiquickly. the jobs report. we move up the ism numbers we move up the strong economic numbers are not the result of rate hikes we will see a big leap of faith. she referenced february. you know, it is a tough one. january's numbers were fabulous. january up 37 times since 1957 it has been up 32 of the 37 times in the year. amazing success rate that the january barometer that makes me happy. february, kelly, it is up 55% of the time february is an eh month overall.

kelly, back to you. >> it sets a lower bar bob, thank you. employers in the u.s. added 304,000 jobs in january. the labor force participation rate hit a four-year high. let's get the latest from steve leesman and omar omar, we will cut to the chase what happens to interest rates we spent the last couple days talking about how the fed capitulated and the ten-year yield was sinking and everything across the board from housing to capital markets. now we get the incredible jobs report what happens to rates now? >> i would have loved to have been a fly on the wall in jay powell's office. ism was strong the fed was saying if we don't get influenflatioinflation, we tight. we talked about the high pressure economy that typically has led to

recession. i think they will test this out. if we don't get inflation, what is the need to hike rates? >> we spoke to you when we talked about the risk and this report would look worse opens the household side it was a quarter of the government shutdown. why don't you think the shutdown was picked up more and even that piece of the survey? >> they misclassified workers. they said 175,000 people were on temporary layoff from the government in fact, another 200,000 were misclassified. have those workers been counted, that rate would have been higher we didn't classify the numbers >> will they correct that? >> that won't change we will stay with that classification frankly, this is what happened back in october of 2013. >> steve, the revisions in terms of jobs added. 312,000 last month down to 222. it is still fabulous

now what was the number for this month? >> 304. >> no, no. 500,000 jobs in two months at this stage of the cycle should not happen. what is going on >> first of all, it made my job easy this morning. you get the rescissions and you have to change what happened in the past we went from 312 down to 220, i didn't have to change my vision. 200 plus is still a great number we have the 300 on top of that it could be overstated. >> adding more jobs. people say look, you only need to add 80 to 100 k we are doing triple. will we continue that being the case >> i think it is a likely scenario it is better to bet against there being stronger inflation than not i'll tell you why. i think there is this idea of a

global supply chain. i think there's a come possession effect. when you bring people off the sidelines. with all due respect to you people who are now working, your resume is not as good as somebody already in the work force. if you hire people out of the work force, my best guess is they are hired at lower wages. you have a compositional effect. the atlanta fed wage check i did happen to look at this 4.1% atlanta fed wage tracker gets rid of the compositiocompositior it is up north of 4% my best guess is compositiocomp effect you know that we are firing 3 million people that the change in the numbers plus or minus 3 million.

plus 300 is a change from what is expected. it is strong >> if you are somebody who owns fixed income and owns bonds and wants a low mortgage rate and wants the stock market to do well, but you want labor force participation to keep going up that is the only way you have growth this strong and not see interest rates higher and all of the bad stuff. >> the idea of a hidden labor force. that makes the fed's job easier. it i mplies inflation went pick up the narrative with the participation rate goes up is always we are pulling in all of the workers from the sidelines look at the flows out of the labor force. they declined dramatically over the last 12 months people going in and people going out. >> your story is older workers

are not leaving the work force, but staying in it. that is different than younger people who may be on the margins? >> go back to the atlanta fed wage tracker the highest paid people are the ones who change jobs you are getting paid more. we have seen that happen with the rates moving higher. it is not simply a function we are bringing in more people. >> what does it tell you about what is going on >> it argues there is less hidden slack in the economy. >> more people are staying in. >> to me this is a reason for a dose of humility among those folks who saw in the market this impression of what was going on with the economy the general explanation -- the selloff at the end of the year it may happen. i can tell you that when i looked at the strong day-to-day.

i looked at every single recession and when the ism was at 56, the smallest was eight months later it is more like 14 months if it happens at all that's one you have the construction numbers in november not too shabby and the jobs numbers today. it is strong there is my strong data. sentiment was down. >> the last chat we were having is what do you do about housing in you hahousing? what would you say about housing in that is the part of the indication that shows jobless claims the job market cyclical. >> housing market has been moderating if you look at the months, there is alternating housing.

that's not bad at all considering how much the fed hi hiked. you might get a bit of bounce. >> this is a slowdown, i'll take it. >> right we williaall will here is what else is coming up on "the exchange. >> ahead, when she said she wants to take down the banks, did she really mean it the answer in today's speakeasy with maxine waters and exxon and chevron with big earnings beats up 20% since december lows is the energy sector primed for big gains? and why what you do on social media could impact what you pay for life since this is "the exchange" on cnbc big, bomises like...

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welcome back big banks have met behind closed doors with maxine waters our jon heaartman sat down with more >> at what point during the campaign, you said about bankers. >> what i'm going to do to you is fair. i'll do to you what you did to

us. >> you met with jamie dimon. what did you do with them? >> let me say this, when you are speaking and you are among friends and you are with an organization that you have great relationships with, you take a little opportunity to have fun and perhaps describe to them in ways, maybe you wouldn't describe to other people how you are going to do things and you get them basically involved in understanding what you care about and what you have learned from your time in office you make these equips. >> people shouldn't take that literally? >> absolutely. i welcome everybody from bankers to activists, non-profits, the veterans people involved in the health industry even if you know you disagree with the particular industry, you let them in.

you let them talk to you. >> are there particular issues where you think there's a very good chance you will work with those financial institutions >> i think the work i have done already has a ranking member of the financial services committee demonstrates i'm a strong legislator and i know how to work with the opposite side of the aisle. i know when to work with the opposite side of the aisle. >> what role does redistribution take >> i'm not defined in that way of i believe in redistribution that implyiies you want to take from the rich and give to the poor i'm defined about fairness i'm defined in a way that would create equal opportunity >> joining me now to discuss maxine waters and the democratic agenda is john harwood and james

kepakokis. she walked back from the harshness of her rhetoric. >> she has responsibility now. she has a different role than when she was feisty on the campaign trail we will have hearings. she talked about using hearings to try to change behavior of regulators she has a hearing with the credit agency. she wants them to cut people a little bit more slack than they have been doing. she also said she wants to lay down a series of democratic messages for 2020. because everybody knows, including waters, there will be very little legislating done in this congress. >> we heard obviously a lot about taking from the rich and giving to the poor as she described t. john, what does she mean by fairness if she doesn't mean that >> i think it is a little bit of a labeling thing you see the word redistribution

is a vulnerability for democrats. in the obama white house, they had a rule not to include that in their rhetoric although things like the affordable care act and some of the tax measures the president did do redistribute money everything government does is redistributes one way or another. i think they are interested in raising taxes on people of higher incomes she spoke in a favorable way about the idea that alexandria ocasio-cortez talked about over higher marginal rates. did not rule out of the elizabeth warren tax >> i want to talk more about this assault on the wealthy that is front and center as we approach 2020. here's what elizabeth warren had to say to jim cramer about her tax issue last night >> i want these billionaires to stop being free loaders. i want them to pick up their

fair share that's how we make a system that works not just for the rich and powerful, but works for all of us. >> this caught my attention. r reddit founder was on squawk box. he was asked about the next red hot silicon valley here is what he had to say. >> what are the most exciting things you are seeing that the rest of us have not heard about yet? >> the trend i'm excited by and it excites me as a floridian is the rise of elder tech >> yes elder tech technology solutions for the elderly. you have elizabeth warren calling billionaires and high earners free loaders what if the next one comes from making $1 billion on something that helps the elderly is that not considered someone you go after who is in charge of picking who it is okay to have that wealth and who it is not? >> she seems to be painting all

rich people with the same brush. she makes no effort to separate out people who have gotten tremendously wealth any by selling goods or services that other people really value. i think we should want more of that i think a sign of people getting rich that way is a sign of a very healthy economy my gosh. look at europe we generate ten times the number of high impact companies that europe does. they have no big tech platforms. they like to regulate them they are unable to generate. i think we may think about what are the super entrepreneurs giving us and is that free loading and providing no value with any great innovation. the last nobel laureate created value that goes to the public. >> and john, how would you think that message from the maxine waters and elizabeth warren tax

and bernie sanders talking about the 70% sustained tax if all of the stories people are hearing are about the billionaires and they are not getting the message that alexis ohanian. elder tech that is the hot new investment >> right what the democratic politicians would say as they run for president and as they work in congress is we have got an economy that has been very good at generating corporate profit and that has done very well for people with high levels of education and talent it has not rewarded in the same way people in middle working class and poor people. they are looking for ways to get public resources for investments in infrastructure and education and job training and all those things where do you get that money? they are making the argument that the place you should go for that money is people who have a

lot of it and who have done very well in the economy. i don't think -- >> when they say the system that creates billionaires is immoral and the system that creates a boom in elder tech, there is more to it >> we are worried about killing the golden goose here. super high tax rates the big challenge facing the country is not an inequality chris. it is a low growth crisis. there will be a concern of a 1.8% per year as opposed to 2%. >> thank you coming up, amazon shares sinking more than 4% following earnings what jeff bezos said that has investors worried. and what the rams are talking about in business.

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welcome back to "the exchange." here are the movers. shares of sony posting the highest quarterly profit which is overshadowed in the weakness in the gaming division sony shares down 9%. symantec is up 10% today after the earnings beat helped by strong performance in the consumer business. it announced the departure of

the cfo. and deutsche bank returning to profitability for the first time in four years. still under a lot of pressure. deutsche bank unchanged on the news let's go to sue herera. >> hello japan has the worst flu outbreak since they started keeping records. 7.6 million people have been sickened by the virus. back here at home, flu levels elevated with 136,000 people hospitalized vice media is laying off 250 people that is 10% of the work force. as the start-up looks to stream line operations and achieve profitability. the employees are expected to receive pink slips later today four-time olympian ski raiser lindsey vonn is retiring.

in a post on twitter, she said her body was screaming for her to stop and it was time for her to listen. cuteness alert who needs to go to the super bowl when you can watch this instead. the puppy bowl it was filmed earlier this year. it airs on sunday. it features 93 dogs from shelters across the country and, as you might guess, they are all up for adoption. >> very sweet. >> everybody go aww. >> we were as i said, melissa gets baby pandas, but we're both in on the puppies. >> 100%. >> thank you, sue. 30 minutes to go until "power lunch." i'm joined by me lisa lee. >> yes they expect more retail bankruptcies they deal with the higher end with the malls it would not affect them per se. we are talking to the realty ceo and what he is seeing on the

horizon of the retail bankruptcy >> i don't know this, but courtney said they wanted to see sears get out of there they can change over the locations and get better rents and it has a halo effect for the stores around them longer term? >> longer term it may be better. they could divide up the big box stores because the big box stores are not necessarily on trend at this point. dividing that giant sears and using the tire department and leasing it out to somebody else could benefit. >> google offices. we'll talk more about that melissa, see you soon. here is what's ahead on "the exchange." >> coming up a big win for beverage makers in san francisco. what a judge said they don't have to do plus, we're live in atlanta for the super bowl and atlantic city where the sports book is gearing up for

the first nfl championship since sports betting became legal. and why life insurance companies want to know about your social media habits to full-blown production. ♪ ♪ let's go from being on-call... ♪ ♪ to being on-line. american express can help move your business forward with loans, vendor payments and buying power. chat with one of our 4000 specialists and let's make it happen. the powerful backing of american express. don't do business without it.

welcome back it is time for "rapid fire." we have a few more headlines on your radar we have leslie and bill and brian with us. welcome. brian, this is right to you. oil leading the markets up 3%. ex-r e exxon and chevron up in the quarter. >> it has to come down we heard the ceo say on squawk box they will continue to bring the costs down oil had a big january. we are still below for the fourth quarter the average price was $60 a barrel we are at 53 you still have to bring the cost curve down they are helped by taxes tax rate 40% in the first three quarters down to 32 >> both helped by the production side of the business they produced more than than ever have. i'm concerned about the demand side when you are concerned

about china which consumes oil wrangling with opec and russia and then oh, by the way, venezuela. i wonder what the demand part of the equation will look like going forward. >> also, a lot of the operators are able to push off the non essential spending plans they are able to toggle the profitability with the commodity cycle. something they have not had in previous cycles. >> permean was up. >> we got the numbers an hour ago. down 14 rigs again it will tail off >> it is always on chevron >> chevron is the oldest bought the first in 1926 traded it for a mule federal appeals court is requiring all health warnings on soda and drinks. the second time they are blocking this now. the rule violated the second

amendment. it is a huge win for beverage makers i was thinking about this with the super bowl pepsi is trying to have a big presence more important to them is not have the country go the way of philly >> what is interesting is it is the first amendment issue and scientific issue court intervening and saying there's not enough fact-based scientific research to say sugary drinks alone is not enough to be bad for your health >> that is the dumbest story you know -- forget about the science. >> it is not a first amendment >> it is not anything. i was on a plane yesterday and thankfully the cabin crew instructed me on how to click a seatbelt i didn't know. here's how you make a seatbelt everybody knows that soda -- whether or not they cause obesity. they are not great for you. >> do you think they should label these sodas like this?

>> should they be forced to label soda i'm with leslie if it has been proven it depends on what you are trying to say there. we know -- >> who doesn't know that soda is not the best drink why do we have to label everything >> tobacco and alcohol had the same thing once they add ver tivised adver. >> that's bogus. >> and new york's top financial regulator will allow life insurers to allow social media and other data for setting premiums insurance companies have to prove why they need the data it applies to companies in new york. >> who tells the truth on social media? >> that body was mine.

>> six pack. >> the happiest people in the world. >> they portray themselves as social if you check-in at bars or fat-laden restaurants, that could be treated against you. >> auto insurance companies have to base rates on how good a drive you are. a life insurance company should set a premium based on how healthy a lifestyle you have as i said before, who tells the truth on social media? >> i think there is a privacy issue. >> you are not getting a valid look. >> it is important for people to know their social media accounts will be scrubbed through for the things they have been looking at public records. i call it al go rhythmigoalgorhc

>> don't post yourself smoking show yourself running. use fitness tracking purchase mealsfrom online services >> we have a producer here at cnbc the profile picture is her sky diving and her premiums have gone up. and we will talk guac. this is causing headaches for farmers and more and more supply heads north of the border. lovely to have you here. we are used to avocado prices going up why are they going down? >> well, they are gone doug because we have a glut, kelly. most of the guacamoles eaten on sunday is from mexico. mexican imports are up 20% this year 242 million pounds

that means prices are going down we sell them for 50 cents a fruit in los angeles that is hurting growers. a surprising fourth quarter loss u.s. growers are asking the usda to open markets in china get this more avocados are coming up from mexico, we want to send our avocados across the ocean. it is a global thing >> jane, i want to say thank you. i'm a los angeles guy. you said guacamole you are on the east coast. they say guac. it drives me insane. it is the biggest pet peeve. you missed the opportunity to title that segment is can we guac >> how good is this for chipotle >> it is good for chipotle to have lower prices. you will still have to pay extra. why not? why not exploit? >> the gasoline. >> when oil prices go up, they

raise the burrito. when prices go down? >> they don't go down. >> jane, thank you very much jane wells i'm sorry, brian, about guac. >> it should cost 50 cents >> $3 in my neighborhood you open it up and it's brown. i don't understand. >> these are such american problems rams, 41 patriots, 2. you heard it here first. >> from your lips. >> thank you, bill and brian the super bowl he's talking about. super bowl liii. a little more 48 hours away. eric is in atlanta talking to the players ahead of the big game contessa brewer is in atlantic city eric >> kelly, that's right the game is a bit away i asked the players if you could be a ceo of any company, which company would you want to be ceo of

i'll have that coming up over to you in atlantic city. >> i took the rams with the points my friends tom and peter said it was not that wise of a bet they came up from south carolina because of the super bowl and because of the opportunity to bet. what does this mean for atlantic city and new jersey? i have more coming up on "the exchange."

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welcome back the super bowl is two days away. in cnbc tradition, we are asking the players business related questions. eric caught up with the rams and patriots he joins us now. what did they have to say, eric? >> reporter: that's right, kelly. they have been bombarded about football, offense and against. defense. if you were not playing in the super bowl, what ceo would you be of any company in the world here's what they had to say. >> i would do starz or hbo

>> chick-fil-a i'll have them open on sunday. >> chevron everybody has to get gas >> nestle. >> buffalo wild wings. >> apple >> amazon. >> probably apple. >> walmart >> amazon 15 years ago. >> it is not a ceo, but commissioner goodell. >> who is the ceo of cnbc? >> reporter: kelly, i asked your thoughts are warren buffett and berkshire hathaway here is what they said about that. >> warren is great a lot of good advice from him throughout the years. >> i would not turn down an invitation from him ever. >> he makes all the right calls. >> if i could afford berkshire hathaway stock, i'll have a couple, i guess. >> reporter: so, kelly there you go the answers from the rams and patriots they are paying attention to the markets. they have their eye on what they

would do after the football careers are over. >> who do you think wins >> reporter: who do i think wins >> yeah. >> reporter: i think the patriots will win. >> what do they call it? take the spread? >> reporter: it's close. a couple of points i think the rams will cover. i think it will be close it could be a one-point claim. >> eric, thank you this is the first super bowl where sports betting is legal outside atlanta. contessa is at the sports book in atlantic city with the president and coo. contessa, these are all the people we are talking about? >> it is exciting here there is an energy marcus glover joins me talk to me last year with their was no sports book versus this year where you have a sports book and gambling is legal. >> it is exciting. this is our first year with it as you stated.

normally, super bowl sunday is a very slow sunday for most casino operations everyone at parties with friends and families watching the sagame this year is different we have programming. we have a lot of reservations. people are excited >> it is a full house and these guys are here for racing do you have reservations set up for super bowl sunday for people who want to be here for the game >> we have reservations throughout the weekend this is our transactional room we can watch the game here we have a lounge with more comfortable viewing opportunities. all of the reservations in that room are booked. >> the super bowl is the biggest sports event for gambling traditionally. give me a sense of what sports gaming will mean for the borgata business line? >> we viewed it as an amenity. if you look at nevada which is deemed the tourist destination for sports wagering, it offered

that in other jurisdiction now it rounds us out instead of the visitors and customers in new york going across country, they drive two hours south and they have the same here in atlantic city we have a fully integrated resort you have everything in the vegas style destination. now we have sports betting to it. >> marcus, it is kelly if i could follow-up on that my understanding is new jersey has raised $1 billion off sports betting over the past year you know, the amount that filters down to the player like the borgata is only a couple >> sports wagering is a volume based type of operation. from that standpoint, you get thousands and millions of dollars wagered. the take for the house is small. typically somewhere in the neighborhood of 5% we see the opportunity is what we call knock-on revenue or

auxillary revenue. you may dine in a restaurant or take a turn on the slot machine. t you have the opportunities extend beyond. we have hotel rooms fill with people wanting to have a weekend with the fellows or weekend with the ladies we have seen more for ladies since we have opened the sports book in june the opportunities are tremendous we investing $12 million in new development. >> like i said, tom and peter back here said how bad a bet i made they came up from south carolina. >> why did you make such a bad bet? >> apparently, if you want to maximum your -- rams with the points because that only pays 2.5 to 1.

>> she will have beginner's luck. >> i may do another bet where i pick the points for the rams to get 23 points and it is 18 to 1. >> i have a whole roomful of people to do that. >> guys, thank you contessa, thank you. marcus glover, i appreciate your time thank you for joining us here on cnbc still more ahead on "the exchange." amazon shares are falling. that means down 20% from the recent highs after the cfo talked to rising costs on the company call last month. we will drill those down right after this wht might to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today.

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years. other segments like advertising, international and subscription services are seeing growth moderate as well subscription services, that includes prime membership. but remember, this is the fly wheel that drives the amazon eco-system growth in this category decelerated from 56% to 26% last quarter. it was in part due to an accounting change that had flagged but still shy of expectations and it may raise some questions about prime saturation in north america and that, kelly, could raise the stakes for amazon's international business and expansion there with its own set of challenges. back to you. >> huge surprise

we told you they go from making tv screens to hiring white collar workers they will move forward and spoke with the president about it. celebrities alike pouring money into cannabis companies but too far o tofast that's next on "the exchange."

a growing number of investors are getting into the cannabis space with tiger 21 founder telling us yesterday his ultra wealthy investors looking for some type of cannabis exposure even if it just means owning the land it grows on and then former yahoo ceo carol bartz not to mention altria let's bring in alex. former reporter for "the new york times" and the author of "tell your truth about marijuana mental illness and violence. thank you for joining me every day i get, i had a lawyer saying he's getting into cannabis and maybe they will

need more lawyers in this case do we know enough about its viability? >> the book is about medicine and science and the risks around psychosis and violence but i think this is a terrible investment on a couple of levels you can't really control pricing. it's very easy to grow this stuff in a non-regulated market. not a lot of evidence the idea that you can brand this like fine wine is real. it turns out a lot of people who want the high espo test potencyh lowest price and the biggest issue, where this is where they should all be reading my book, a little plug, but a huge issue around psychosis and violence and if the companies have two bad choices. pretend it's not real and then hit with lawsuits from family members with people affected by this or they can warn. >> if we spin this ahead and say, the acceptance is extraordinary. it's been amazing to me how quickly we've moved from we should have access to medical marijuana to recreational pot

everywhere and always apparently fine but if the companies are now getting into this business and investors too and in ten or 15 or 20 years, there's mf evidence about harm that it's doing, are they going to be held responsible? >> i'm not an expert on litigation and litigation risk, but the tobacco companies wound up paying hundreds of billions of dollars here. it took a long time, but they wound up paying a lot of money >> these people are saying, i'll be out of it by then remember last year, crypto, everything we ever heard about was bitcoin and how it was taking over. we saw a peak, we saw a collapse cannabis is different because it's almost like a new product category that appears to becoming to market but reminds me of that >> i agree and states that have legalized, pricing has gone way down so from that point of view alone, i don't understand how this is a great business >> constellation brands and some of these companies getting into

it from the beverage side would say they're betting on some of these new brands developing formulations with, you know, flavors and, you know, vitamin water can be a trend, so too can one of these drinks. >> but the evidence is very strong that this is a product that's used by relatively small group of people who use it very heavily. a lot of those people want the lowest price and pure thc formulation, that's basically the cannabis version of everclear and i don't see where you get pricing power on that. >> do you think the likes of altria are ill-advised for trying to get into this space? >> if you're a cigarette company, marketed death for 100 years, probably looks good to you and an alcohol company, marketed something that causes death and violence, probably sounds good to you >> palutive reasons.

a friend or a friend of a friend who uses this for their pain and they think, i'm doing something that's virtuous and helpful and not something. >> everybody's the hero of their own story. that's what i learned writing novels even purdue pharma said they were selling pain relief and how did that work out? >> you're talking about the opioids. >> yes >> we have your examples in the book in a strong case but what is it going to take for more people to accept that there might be flaws with moving forward because right now, all the trends >> absolutely, i would say it's more than likely the u.s. will legalize in a couple of years but as the cases pile up, listen, what's going to happen, too many parents who lose too many children to schizophrenia, psychosis, to terrible violence and those parents are not going to give up there's going to be something like mothers against drunk driving, like mothers against cannabis and not rest until the

industry pays for what it's doing. >> a warning shot for the craze du jour. you may have noticed a lot of red on cnbc, not in the markets. today is american heart association national red day to raise awareness for heart health, number one that's why i'm in red today. that does it for "the exchange." i'll join tyler and melissa on "power lunch" in a moment that begins right now. we'll see you soon, kelly. i'm melissa lee with tyler mathisen new at 2:00, job growth smashing expectations what that is saying about the economy and what it means for the fed. the best january for stocks in more than 30 years what february and the months ahead may bring. amazon and walmart shares, they are getting slammed at this hour both facing a new game-changing threat we will explain. "power lunch" starts right now >> good day, everyone and welcome to "power lunch. i'm tyler mathisen