that's why we made some of the changes. >> delicate balance. a great interview. great to see you phil, thank you very much. that's the ceo of united airlines with our very phone phil that does it for the exchange thanks for tuning in it's time to join "power lunch" which begins right now >> we'll see you in a moment new at 2:00 stocks hovering here record highs as earnings pour in are there opportunities in the red hot market the ceo of regeneron with a plan to fix the crumbling infrastructure calling on public companies to chip in he'll join us. and rising risk. call them climate refugees how one entire town in america is being moved because of extreme weather. you've got to see this "power lunch" starts right now

>> let's get to the big stories. wall street is watching. the record rally front and center the nasdaq hitting all time highs earlier. and boeing shares bouncing back despite worrying concerns about the 37 planes and there's the takeover battle in the oil patch. first let's go to the nyse. >> we're not out of the woods. take a look. important thing is earnings season has been for the most part a positive surprise companies are beating by much wider margins than they usually do because the china data has been better than feared and there's some hope europe is bottoming. that's controversial elsewhere take a look at what's going on what's next is the question we've heard from banks and it's been fair, not great industrials strong and the few consumer companies reporting like kimberly clark, procter & gamble have been good. technology stocks, this is the main play on global growth on friday we're going to get

exxon and chevron. the earnings were slashed in december for energy stocks when oil was 45 now it's in the mid 60s. estimates are going to go up for the energy stocks if the analysts believe we're in a sustainable up trend the big wild card in my opinion is health care second biggest sector in the s&p. 16 % of the s&p. medicare for all has thrown a monkey wrench but equally important, the democrats promising hearings on drug pricing in general i want to hear what pfizer and america and lily have to say about that impact on their stock prices back to you. >> bob, stay right there we want to talk about what's next for the markets let's bring in michael far president and ceo of far miller and washington always great to you see you. you say the markets are fully valued why would you stick around, then >> i think i'm channelling chuck prince from years ago when the bull market was going crazy. he said you have to dance when the music is playing i'm not saying anything that

bullish. it's hard to feel too bad when the market is making new highs and stock prices are making your portfolio look really good the valuations, however, request f you look at it based ochbt earnings and earnings growth and top line growth, it's okay but the multiple that we're paying for these current prices is historically at the higher end of value its full value things that are expensive can become a lot more expensive and the momentum is positive enjoy it i think you have to look at your fo portfolio and trim things that are expense i and invest in things that haven't done well. hit them where they aim. buy low. sell the highs buy the lows. the market is not low in general. be careful >> can you get more specific on that look, what you've said off the top about dancing while the music is playing is the fear of some that there's no fundamental justification for being in the market tell us whether it's individual stocks or the market overall,

why you think it's wise to have exposure and where >> right well, you know, okay, so while the market is fully valued, i think it always makes sense to buy stocks and things going up and going to be able to continue to rn. and just because the economy the creeping along slowly and the market is melting up, this is the most hated bull market in history. but i think if you look -- talk about some of the things that bob was saying, you can look at the energy stocks. i think you can look at the health care stocks one by one, there's a group that is perennially hated whenever one group says we're going to get those guys and they don't go out of business and they end up okay you can look at the financial stocks even in this environment selling close to book value. there's value out there. i think you're going to look at some of the names where you say i don't want to own that today, and then a year from now you look back and say we should have known better there was no real there there, and guess what boeing is still going to be in

business >> beyond valuation, bob, one thing that seems to be emerging out of earnings season is a company's ability to raise prices either to offset rising sos kos such as wages or raw materials as we saw in the case of caterpillar or oil as we saw in csx procter & gamble, coca-cola. many companies have been able to raise price. shouldn't that be comfortabing o investors? >> it is the main determining for stock prices, margins are the most important thing. we've been about 11 %. the s&p's margins are about 11% for several years now. those are close to historic highs. and if they slip, that's going to be a major problem. when you have pricing power, you can raise your prices even though you have higher costs that means the margin does not go down. so maintaining that margin is a critical part of this whole thing. i think that's certainly very encouraging for everyone >> all right

gentlemen, thank you bob and michael. now let's get to boeing. the plane maker meeting profit expectations it's pulling the 2019 guidance saying it expects to take a billion dollar hit because of the grounded 377 max jet it's holding back and buying shares the stock has a fractional gain. we have jim corridor with us jim, what's the take away for you. why do you think the stock is holding up as it is today? >> two things. number one is a company that's conducting business. they're continuing to generate cash from operations they're still profitable even if profits are down a little bit because of the grounding the second thing is that they have a thoughtful, very disciplined approach it seems toward bringing the plane back into service they're looking under every rock to try and find processes, try to make sure it's safe and make sure their customers are on board and when they bring it back into service, it's safe and ready to go. >> jim, i'm sure you saw "the

new york times" article over the weekend. that outlined boeing employees and their concerns about some of the safety protocols on some of the production lines, particularly in south carolina the notion that metal shards have been left behind that can affect the operational functioning of the plane it seems like when boeing or any other company is a target, there are always shoes to drop how concerned are you about that just that it's in the spotlight right now, and there are a lot of people gunning for this one >> yeah. it seems to me the comments that dennis and others on the call said is that they are looking into every process they have they are adding teams to look at safety they're making sure the production processes are right and they are taking it seriously. any time you have a whistle blower claim, you have to take it seriously someone is basically staking their reputation on the fact that something is wrong with the company. we think they are overwhelmingly

a safe company other than these two regrettable incidents and obviously it's terrible that there was loss of life, they have decades and decades of safe flying under their belt we expect them to fly safe in the future >> your price target is $450 does anything in the earnings today tell you that getting to 450 is going to be more difficult? >> well, i don't think we're going to look at it based on the 2019 numbers those in your opinions are out the door they took their forecast down. their 1 billion cash usage from the grounding doesn't fully account for lawsuits and renumeration to airlines that are grounded other things like that we're looking at 2020 and beyond we think commercial demand is so strong that eventually the company is going to be fine. they're going to take at least half of market share of 42,000 planes that are going to come into service over the next 20 years. their defense side of the business is doing great. the services side is going

there's a lot going on masked by the problems with the 737. >> jim, thank you. >> thank you occidental making an offer topping chevron's earlier bid. how will the bidding war play out in here to break it out is paul, a managing director. >> thank you >> you make it clear you think in the note that occi will not eventually be able to get the deal done because shareholders don't support it why bother doing it? what do you think the manager play book is >> they sent their first bid in january of 2019. there was no indication from occi there would be a potential stepout deal of this kind. that could have given a warning

there would have been a big deal the stock hasn't been great at all over the past year or two. it's been a negative surprise, going hostile. it's unusual we haven't seen anything like this for decades where you have an oil company going hostile for another company at this scale. that's another massive risk untested management the ceo is taking here. where the shareholders support it now he's out on the road marketing the deal publicly. we'll see how that goes. according to her these are the first shareholder meetings she's had. because previously she couldn't tell them what she was thinking of doing our view is the shareholder reaction is negative here. >> you know, vickie's interview this morning she seemed to say this was the perfect asset for occidental they knew how to get the most out of the shale resources that

they have. would you agree? this almost seems to indicate a level of desperation on the part of occidental to go after this in a hostile fashion after so many years of thinking about it and insisting this is the one asset we need. >> well, i think they can make a good argument for permian. there's plenty of permian pure plays where they don't see the value of the deal as much. this morning as you referenced she talked about 75% of the deal being in the permian which isn't our number our number nav is 72 a share we don't have anything like that assigned to the permian. the issue here is the other stuff that they get with it and the fact that it's not consistent with previously stated strategy. >> jim cramer speculated about one possible way this could unfold this morning. he said look, the era for chevron, where if they look in and say both of you are attractive fits. we're serious about our

aspirations in the permian in other words, what steps might chevron have to pursue if it really wants this exposure >> obviously the ball is in the courts of the board who haven't formally seen the oxy bid until now. we're waiting to see what the anadarko says about the bid that is 15 % better than chevron's. chevron can enrich their deal, maybe take it to within close range of oxy's and have much less risk around a shareholder vote the one undermining aspect is it's subject to shareholder approval for oxy we've seen oxy be put on negative watch you're seeing impacts on the bid on the financial setup it's got to go through a shareholder vote which we think will be a yes on the part of

chevron shareholders we're uncertain if oxy shareholders will be convinced it's possible the oxy management makes a compelling argument. >> quick prediction, who ends up with whom? >> i think we'll probably see chevron go higher and ultimately it's a question of how much higher oxy goes. they're already taking a major risk will they ultimately go for the knockout blow? i think chevron's next bid will be higher but a last and final and then it's down to oxy and how much risk they're prepared to take. >> paul, thank you kourtney now with a market flash on macy's. >> shares of macy's are moving higher on a report out of bloomberg that the company has at least held prelim mare talks with officials about building a 1 .2 million square foot office. we'll remind everyone the ceo mentioned earlier this year that macy's had explored at least

preliminarily something to this degree about building more office space above herald square it's part of macy's looking at ways to monetize its real estate, including herald square and sort of new and different ways the stock moved on it although it is off the highs of this report. >> that's fascinating. kourtney, thank you. macy's up more than 2 % right now. >> coming up, we'll talk to a man who says large corporations should pay to fix america's corporation problem. he's a ceo of a public company leonard shief ler talks about his infrastructure bank plan, drug pricing and more. plus a bunch of companies reporting after the brk.ea facebook, tesla and microsoft to facebook, tesla and microsoft to name a few makes it beautiful.

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>> it's not a voluntary contribution my idea is it's required >> okay. here's what i wonder before we get into the details what if the next move is someone said fine, let's do that 1% for climate change let's do 1% for wealth inequality where does the list end? >> yes the slippery slope argument i can understand it. but i don't think that's enough to say that we shouldn't do something like this. companies take advantage of infrastructure companies benefit from infrastructure, and there's a much more direct connection between infrastructure and business >> and in terms of mechanics, this entity holds that equity and effectively make loans against the equity as an asset >> right infrastructure banks have been around i think since the early 80s and concept through public incentive. it was proprosed an infrastructure bank and many proposed it since.

the operating models are out there. but the funding of the infrastructure bank is what's been lacking >> yeah. it's the devil is in the details. some might be surprised and thinking regeneron, why is he talking about infrastructure and the water system and the bridges? et cetera. you say this impacts society not just in how we move from point a to point b but also our nation's health >> i think that if you walk around our labs, we have some of the most innovative people in the world. as a company we like to provide them with great infrastructure so they can be innovative. i think our country is the same way. we have great potential but our infrastructure is holding us back and so i'd like to see that improved >> a lot of people say infrastructure and prescription drug prices are the two bipartisan issues everybody agrees needs to be changed so switching over to prescription drug prices, what have you made of what the administration has done there so far, and do you expect major changes to impact your industry?

>> yeah. there is a lot of uncertainty there, but there are a few things that are certain. i think through a variety of mechanisms whether it's just jawboning or actual policy, the ability to grow pharmaceutical companies by price increases, i think that's yesterday's news. it's not going to happen you're not going to be able to go out there as you like, set the 10% increase in january and do it again in october that's just not going to happen. there are other proposals that i'm sympathetic with, but i'm not sure we have the exact solution i don't think it's right that the europeans should be skating on our advances. and by the way, in the infrastructure plan, 35% of american stocks are owned by foreigners maybe that's where we get them to pay us a little bit >> as we have conversations about single payer medicare for all really impacting health care stocks, that would bring us to a situation similar to europe where they can negotiate on drug

prices how do you look at the possibility of that being implemented? >> i think we're in a hot political season, and there's going to be a lot of aspirations out there. who doesn't want great medical care for everybody who doesn't want great drugs that can treat neurological diseases and eliminate cancer and have them be cheap and available? but aspirations are not things we can just take to the bank we have to come up with solutions that are going to work and that can be implemented and both sides of the aisle can get behind it to make progress >> you did raise prices on a certain number of your drugs along with a number of other pharmaceutical companies let's say you're called to capitol hill how do you explain that in this sort of environment and isn't that -- tell investors whether or not this is a risk to the investigation want story ultimately there are banks out there saying don't invest in health care because this is going to be an ongoing political risk through at least 2020, the presidential

elections. >> right i've been in this seat if you will for 30 years at regeneron y. one of the longest serving ceos in our industry i think we're in the midst of another cycle. as far as our company goes, our biggest product which was introduced a the end of 20 11, we've never raised the price some of the drugs in collaboration have had an under 5 % price increase, and it really has only kept up with increased cost and medical inflation. i think i'm not against price increases, per se when they're justified by advances or costs and so on. i'm just against the notion that you use price increases to cover up the fact that our business is incredibly hard. it's really hard to come up with drugs that are safe and effective. and we'd better not kill the goose that lays the golden egg we have to have reward if there's not a pot of gold at the end of the rainbow, the capital markets will stay away

now for maybe six months or something like that, but as long as they know there's a reward, then people keep investing and we might get some treatments for the diseases that all of us are going to be suffering or some of us will be suffering from. >> sounds good to me >> thank you so much for coming in >> meg, thank you as well. the nasdaq hitting a high. the etf attracts them up for a fourth day sitting at record levels analog devices and zielings leading the group. should youuyheahd t earningsofhe find out next. -driverless cars... -all ground personnel...

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that's the power of edge-to-edge intelligence. welcome back to power lunch. i'm at the new york stock exchange semi stocks hitting an all time high today there are a hand full of semi stragglers off their high. nvidia, micron and amd to name a few. matt, hitting new all time highs

generally bullish, but i guess there can be too much to have a good thing how does the semi sector look in terms of the field position? >> it's getting extended the tech rally in general has been broader than it was the last time we came out of a correction when the fang stocks were the only one taking us higher we have negative news and the texas system is talking about soft demand. jpmorgan and morgan stanley talking about pricing that are cautious but the big thing is that look at the run we've had it's 40 % since the beginning of the year it's almost 50% since the lows look at the semi conductor index. it's getting to levels where it's usually followed by a pullback it's had this great run. pullbacks especially strong ones like this are normal and healthy. and therefore, i'd want to be a buyer on weakness rather than chasing way up the these levels.

>> maybe the group is running hot. we did mention names that have not kept up. how would you play those i mean, i guess on one hand they might be relatively inexpensive. on the other stocks that don't perform when the sector is in favor might be a red flag. >> normally i stay far away from laggar laggards we believe money is going to chase things that have not yet run but are attractively valued. out of the three you mentioned at the top we like micron. last year was an anomaly look at 2017erer sus 2019, that's still about a 34 % jump in eps and the stock is trading seven times the forward earnings it's about a $30 per share book value and again, i'm not here to predict d-ram pricing. ultimately we believe this stock is not even close to have been bought up to where it is and is going to produce good returns.

we see money probably rotating out of the hot stocks and into a stock like micron. we own it. we'd still be a buyer here all right. if there's any confidence that the cycle is bottomed already, then i guess that might work quin and matte, thank you for your time. mike, thank you. ahead on power lunch, an earnings flood after the bell. chipolte, microsoft, facebook and tesla set to report. we'll give you the metrics to watch. rising risks why extreme weather is forcing a town to move to higher ground. we'll have that story for you. and gearing up for the 2019 cnbc stock draft more stars, new stocks, and better than ever is live tomorrow at 2:00 p.m. eastern. set your dvrs. don't miss it. and now the latest from trading nation and a word from

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harry your news update at this hour. white house counselor kellyanne conway says executive privilege is on the table for the president as congress pushes to continue the russia investigation. she was asked if the president could use it in the case of former white house counsel don mcgahn >> executive privilege is on the table. executive privilege is on the table. that's his right and there's a reason our democracy and our constitutional government allows for that but we should note that there's been a great deal of executive cooperation and compliance >> bill cosby renewing a tax on steven o'neal while he appeals his sex assault conviction o'neal has not ordered a post

trial opinion. their motion accuses o'neal of harboring a personal grudge against a defense witness. and the world health organization has issued new guidelines when it comes to screen time for young children it says children under the age of five should be limited to an hour or less of screen time every day. kids under the age of one should avoid screens completely good luck with that one. that's your update this hour >> they need gouidelines for adults >> no kidding. we are less than 24 hours away from the cnbc stock draft we have a new list of investments to choose from facebook, tesla, chipolte and microsoft. our all star team is here to break it down. let's begin with kate rogers on which i total. >> eps of $3.01 on revenues of

1.26 billion same store sales prozwrekted to increase by 7.3% all eyes will be on digital growth for this brand. in q 4 digital sales grew 63.6% to 12.9% of overall sales as new ceo brian continues to place emphasis on growing that part of the business the stock is the best performer right now in the restaurant space. it's up 60% so far this year as the company introduced new lifestyle bowls in january featuring keto and whole 30 offerings. analysts will look to hear how those played with customers and for updates on the loyal program which launched last month. we're also going to speak exclusively to brian niccol tomorrow morning after the opening bell around 9:30 >> justin trudeau. >> kelly's opinion there >> kelly thinks he looks like justin trudeau in case people are wondering what we're talking about. i think there's a slight

resemiblen resemblan resemblance. >> you can make up your own mind tomorrow microsoft is up. josh has more on what to watch >> microsoft is focussed on cloud business that will jump at least 43% to $9.7 billion and azure grew 72% that's due to large numbers kicking in for the software jum. they say azure is closing the gap with aws in 2015 they say aws boasted five times the revenue now it's about two times larger. most corporate customers would like to see both succeed, spread around their business giving them more leverage when bargaining for the better price. >> josh, thank you now to facebook trading higher shares up 40% in 2019.

is there more run to run dan morgan is with us. he's a facebook shareholder. dan, great to have you with us >> hi. >> you're looking for theed a momentum the company saw in the first quarter to continue. is there any doubt whatsoever that the company could finally be seeing impacts from the data scandal, the privacy issues? >> well, i don't think so. we're looking for basically $14.7 billion in ad revenue, about a 25 % jump from a year ago. they increased last quarter by 30%. as you reported earlier, we saw good growth in snap and twitter. they had a 40 % and 25% growth in advertising revenue i would expect that to migrate into the facebook report and we haven't seen any big advertisers drop away from them. i would expect them to hit that number >> how about competition 1234 you mentioned snap snap reported they said something interesting on the conference call last night that as of march ads can be seen

on snap chat versus instagram. instagram is supposed to be the part of the business that's growing that has yet to be fully monetized by facebook. >> yeah. instagram is really interesting. i mean, it's a huge business they have 2 billion people watching them compared to you mentioned with snap you're probably around 150, 160 million. it's a much smaller amount of people but i think it's beaten snap a little on the international side just from the size, i would say that instagram is beating snap right now in terms of the number of people that are actually watching 2 billion versus 150 million maybe snap has made some end roads. i think instagram is on the top of that heap right now >> yeah. dan, are those end roads -- does it have to come at the expense of instagram those are the only platforms for the younger people yeah >> yeah. no doubt

i mean, i think going forward that's the big growth area i think instagram is about 17% of ad revenue for facebook we haven't had an opportunity to monetize messenger or whatsapp instagram is the power house that's the alternative forto the standard facebook names. how they're stacking up i still think they're doing a great job. that's really the big growth component for them going forward with the 18 to 25 or even younger than that. everybody else is using facebook >> yeah. exactly. very -- the youths out there >> yeah. >> dan, in terms of spending mark zuckerberg said for the year $3.7 billion is on tap for spending would the stock take it well or badly if they up that in order to come into better compliance, police news, et cetera on the platform >> well, that's the big conundrum with this company, facebook we're talking 25 % jump in ad revenue. and very strong top line growth. when we whittle that down to the

bottom line, we're at $1.93 on earning. that's flat compared to a year ago. everybody is trying to see how the increased expenses are going to impact margins and how it's going to trickle down. you're right a big component for facebook in terms of being a growth story is how quickly can they make everyone feel safe in terms of the privacy of their data and lower that expense associated with that. we can see the bottom line grow like the top line. >> dan, thank you. dan morgan >> thank you rick santelli is tracking the action at the cme. a five-year auction this afternoon. >> we did. i graded it above average. a b. in and of itself it's shocking when you look at how prices have pushed yields down to a level that still found so much interest, especially with maturities 5 and 7 years an odd part of the yield curve. 6 .5 best since august of last

year overall 23.3% to primary dealers is smaller than the average. it was a good auction. wrap it up with 7-year the big news in the market continues to be not only that the demand showed up but that yields are like inanother worl by themselves. maybe it's the demand side no matter how you slice it, we most likely will continue to move down as you look at this chart, it goes back a week and a half most likely two 40s is what we retest the next chart is the dollar index. this looks like the stairway to heaven it's blasting through. we jumped into a 98 handle briefly and consider the last chart. this goes back to the last time we closed 98 or higher which was the 16th of may 2017 kelly, back to you >> i'm thinking about stairway to heaven now. climate change brings flooding communities have to be creative to protect their homes up next a story of pecan acres

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welcome back it's time for the latest in our rising risks series. we have one community going to extraordinary lengths to avoid getting flooded again. >> in the past the government has given individual disaster victims money to move. it's never done anything like this moving an entire town out of harm's way before disaster strikes again. >> at a small church meeting house in a small louisiana farm town, a small community is making a very big decision >> the option to purchase has been signed. signed today >> reporter: the community up to 40 homes is moving together to higher ground. the state of louisiana is using federal funds to purchase land,

build new homes, demolish the old flood damaged homes and turn this neighborhood into wetlands. so you're going to knock down all these houses and these as well >> right >> reporter: pat forbes who administers block grants for disaster relief is in charge >> it's quite clear that we're having more disasters. and consequently we have to start doing things that are smarter. one of the easiest smartest things you can do is get people out of harm's way. >> reporter: pecan acres was built in the 1970s near a canal. in the last decade it's seen more frequent and intense flooding its levy is no longer adequate back to back floods in 2016 and 2017 drew the governor's attention. and a plan was hatched to buy out the homeowners and move them here, barely two miles away but ten feet higher. cornell jackson was eager to hear the details she raised her children and now

her granddaughter in the home that recently flooded beyond her financial ability to repair. the water came up to about here and then you had to take that dry wall out >> yeah. you're losing every. you don't have time to pick up anything it just -- you got to go back and just start all over again. i mean, it's just miserable. >> reporter: the program will buy out each homeowner, but since these damaged homes have so little value now, homeowners will also get forgivable loans, up to $200,000 to buy into the new community. for each year they live in their new home, they get one fifth of the loan forgiven. in five years, the home is theirs, debt free. the cost roughly $8 million in the past the federal government has given flooded homeowners money to simply relocate but this is one of the first plans to move an entire community on mass here to higher ground and it could be a model for the future

>> when we get done with this, we and everyone else will know more about how to do this and more about the mistakes to avoid than we know right now >> we all in it together, and you know, i'm just happy for myself i'm happy for everybody else we done been through a lot >> reporter: and you're ready to go >> i'm ready to go >> and the state of louisiana is also spending 4 million to turn the old area into wetlands this will protect neighboring communities from future flooding because the wetlands act as a sponge during heavy rainfall something i learned. >> how does it work? with the loan? the forgiveness part of the debt is interesting >> it's basically because their houses may have been worth 100,000 before the floods, now they're worth next to money. they need money to buy into the new homes. they get this forgivable loans they have to stay in the home for five years every year they get a little bit of that forgiven

>> got it. >> are there other communities looking at this carefully? >> absolutely. also in louisiana a city sinking in the gulf of mexico, they're look agent the same thing. >> great story coming up, tesla reporting results after the bell tesla, all eyes on elon musk plus early box office for avengers indicating end game could be another huge hit for disney power lunch will be right back many people living with diabetes

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tesla reporting results after the bell while the numbers are important, the focus on this company is usually all about elon musk. phil lebeau joins us now phil >> we'll hear from him this afternoon during the earnings call tesla is expected to post another quarterly loss when the numbers come out after the bell. you have to go within the first quarter numbers to focus on the three things the analyst community will be looking for. where was the cash burn? where is the liquidity at? tesla said it doesn't need to raise capital. we'll get an update there. 2019 production guidance will it be brought down or do they still believe they'll be building at least 400,000 vehicles and that also revolves around the question of model 3 demand remember, in the first quarter,

deliveries of the model 3 fell off substant yelly compared to the fourth quarter we'll get guidance from them about whether or not the new plant in china might potentially offset some of that slowdown in model 3 demand and whatthey ar expecting this year. and as you take a look at shares of tesla, after they report earnings shortly after the close of trading today, the real focus becomes 5:30, during your show that's when the earnings call starts perhaps the most entertaining earnings call every quarter for those of us who cover these events we'll be on it >> that's when the fun begins, phil thank you very much, phil lebeau the new avengers movie could turn into another hit for disney julia boorstin is looking at some of the early numbers. >> "avengers end game" is off to a record-breaking start. the studio reporting in its first day of release in china, it brought in over $107 million in ticket sales. that's a record by a long shot

blowing past all prior records with record ticket presales for the star-studded film that the culmination of the avengers franchise is widely expected to break all records both in the u.s. and overseas. comscore projecting it could gross $300 million in north america and another up to $700 million overseas for a total opening weekend that nears $1 billion. the current record for an opening weekend is held by "avengers infitity war" with $640 million opening working in this film's favor, a number of things a long list of superhero stars, built-up anticipation to see the resolution of the last avengers film and rave reviews and 97% positive rating on rotten tomatoes and theaters will be playing this three-hour long movie around the clock, especially opening weekend now kelly, i have to say, i did get a chance to see the movie earlier this week, and it does not disappoint three hours is a long time, but

it really flies by with a lot of humor and, of course, every superhero in the marvel universe you can imagine. >> that's quite a fooeteat. three hours and you're not looking for the exits? >> no. it flies by. so much going on here. they just don't just have the avengers but they have other, not just the core original avengers, but also characters from guardians of the galaxy and so many other marvel films so it's really fun >> melissa was like on the website hitting refresh trying to get her ticket for it >> sure was. >> something to behold >> a lot of those screenings are sold out you may end up in a 2:00 a.m >> that's the price you way to watch avengers thank you, julia boorstin. >> you have to see it before you see any spoilers >> i don't know enough about it to get spoiled check, please is next and the cnbc stock draft is tomorrow at 2:00 p.m. eastern time

it's draft day don't miss it.

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to scaling up your production. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. the cnbc stock draft is back with more superstars than ever before, a repeat won't come easy f for reigning champion. mr. wonderful and a field of market mavens. 60 stocks, ten teams, three rounds the cnbc stock draft, a "power

lunch" special event tomorrow, 2:00 eastern, cnbc >> check, please >> that is going to be fun tomorrow we've got a lot of the old players. some new ones. a professional poker player. a celebrity chef a wall street mentalist. i mean -- >> i'm going to wear a ponytail. that's why i'm excited >> are you >> i am. >> that's why you're excited okay >> professional poker player and the draft. we know last night the jeopardy contestant who has been killing it for the last 14 days crossed a million dollars in total winnings incredible to watch. he just zoomed right by. there he is. he'll continue this week they're not in summer break yet so the other draft, the nfl draft begins also tomorrow, obviously. continues on friday. melissa, here's my question. 7:00 p.m. start on friday. so those of us who want to watch the hour to see if he can continue the streak. >> abc is going to have to have

a tricky one to figure this out. we focused on a lot of earnings one to watch will be xylinx. one of the pure play chip stocks out there. texas instruments had nice trading today on the back of disappointing earnings and that's trading well. we'll see how this group reacts tonight. thanks for watching "power." "closing bell" starts right now. it is the final hour of trade. i'm sara eisen >> i'm wilfred frost the nasdaq hitting a record high intraday we'll see whether the tech-heavy index can pull off another record close >> and the december lows spooked some td ameritrade clients the ceo joins us to talk about whether these record highs could be good for his business and bring the retail investor back >> and facebook, microsoft, chipotle, visa, paypal amongst just some of the names we'll break down the impact of those earnings when we g