yeah, i think this has a shot to the upside >> you do that too well. >> ba. all the news is out. $1 billion liability, facebook's three to five. stock should keep going high jr. >> nat gas should be on the list, it's going to win the stock draft. >> "the exchange" begins now. >> thank you, scott. hi, everybody! here is what's ahead dow component 3m having its worst day since black monday in 1987 critics say the stock's multiple was way too high with names like intel and amazon coming after the bell, we'll see who else may be running a little hot. plus, former trump adviser steve bannon telling cnbc today that wall street and corporate america have been enabling china for years. we'll ask one ceo who does business there to respond. and it's draft day cnbc's stock draft, that is. it begins in one hour, and mets pitcher noah syndergaard, also known as thor to some, will join us with his strategy to take home the trophy this year. we're looking forward to that. but we begin with today's

markets and dom chu has the numbers. before that stock draft happens, we're going to channel our inner charles dickens. it was the best of times and worst of times, a tale of two stocks kelly mentioned one of them, but let's get you up to speed on the dow industrials, because the bulk of this loss, which is, by the way, off the worst levels of the day, is driven pretty much by shares of 3m. meanwhile, nasdaq composite up by about 0.25%, the standout today because of tech's strength on microsoft let's get into some of those numbers, because as you take a look at these stocks that are moving up and down -- dow components 3m down by 12% today. as kelly mentioned, the worst day of trading for 3m going all the way back to black monday in 1987 sales came in worse than forecast, profits worse than forecast they're going to cut 2,000 jobs. they pull and reduce their forecast for full-year 2019 profits. those shares really taking a hit today. and then the upside, what's happening with microsoft, because this gain today we are seeing is at an all-time high, up 3.5%. if we get to $130 and roughly 51

cents, we will be in $1 trillion territory market cap for microsoft. it was there earlier today not there just yet, but strong results from the cloud helps to propel things there. microsoft the real stand-up today. kelly, back to you. >> one of the greatest comeback stories of all time. dom, thanks. welcome to "the exchange," i'm kelly evans. some key economic data was out today. durable goods orders climbed nearly 3% in march, handily beating street estimates weekly jobless claims jumped, but it was a holiday week. and thanks in part to big beats by facebook and comcast over the past 24 hours, earnings overall are no longer expected to shrink this quarter, according to refinitive bob pisani joins me now with what that means for the market. >> it's good news, kelly the earnings recession we were all fearing in december is not happening, despite misses from 3m and u.p.s strong beats today from facebook, from microsoft, and cnbc's parent, comcast, were the key to raising s&p 500 earnings

estimates from dow 2.5% two weeks ago to essentially flat today. we've only got 40% reporting, but the trend is going in the right direction. but comments in the last 24 hours reminding investors, perhaps china's economy is not bottoming yet, and that's been a big story. south korea's surprise announcement that its gdp was down 0.3% versus an expected gain of 0.3% was a warning sign. that was driven by weak semiconductor sales largely to china. another was 3m you heard from dom they get 20% of their revenues from asia. they pointed to slower growth in the key markets, particularly china again. and there's more texas instruments said tuesday weakness in chip sales may continue and lam research, one of the largest semiconductor manufacturing equipment companies say spending correction in computer chips will extend through this year. kelly, back to you. >> we'll dig a little bit more into that. thanks, bob pisani we've also got two more major names reporting earnings after

the bell today josh lipton is covering intel for us deirdre bosa looking at amazon's results. and "fast money" trader guy adami here to talk about it, at headquarters. >> i'm fired up. did you feel the energy in this place? stock draft, bring your kids to work it is unbelievable >> it is funny -- >> and i've got my stock draft binder. >> well, no reading it put that aside for one more moment. >> i'll move that over. >> we want to talk to you about amazon and intel deirdre, kick things off for us here tell us what we're looking for after the bell for amazon. >> amazon obviously the behemoth reporting today. what investors really want to look at is the growth story. remember last quarter, it guided for this quarter a little bit below expectations, and the story here, though, is that growth of about 20% is good enough for most companies but not amazon, since amazon's valuation is higher than many of the big tech companies out there. so, amazon also said that this year they're going to be looking at spending more last year they sort of reaped the rewards of what they sewed in years previously, but this

year there's a lot of spending to do. and i would also say that investors should look out for its international. it's one of the, you know, critical parts of the business that's where growth is going to come from in the future, places like india, but it's also facing a lot of challenges abroad. >> thanks. and guy, let's talk amazon for a moment, especially after these incredible cloud numbers from microsoft with azure are you looking at amazon web services here? >> well, you have to that's where the tremendous growth has been, and that's why you can almost justify the valuation. but i look and see a huge run. jeff bezos, if you listen to him closely over the last few weeks, he's warning, maybe things are slowing down, maybe they have to invest more money. india's not that, it's a headwind i would absolutely pull the rip cord and take profits ahead of the number if you miss the next 80 bucks, you miss it. >> sure. >> but we've seen days where amazon reports, they have a huge move to the down side, and that's your opportunity. trade the stock. don't let the stock trade you. >> are you -- do azure's gains come at the expense of amazon

web services >> we're going to find out. >> okay. >> i would suggest maybe yes, and we've seen obviously maybe apple's pulled away a little bit. so, i would think it's a zero something, and i think azure as gain may be aws's losses. >> bob mentioned what's happening in the chip space, two totally different stories with zille yinkz and lam research for intel, after the bell, what to look for because they have been in the middle of their own fire storm recently. >> yeah, so there's a few different themes, kelly, intel investors will want guidance on. one is that chip shortage. remember intel last fall said they were going to expand capacity, try to ease some of those supply constraints what's interesting here, you just heard from microsoft, which is that when their revenue from their windows device makers, kelly, they said that popped 9% because of an easing there in supply, and microsoft's cfo amy hood said she was good with the chip supply she was see, at least in the premium, consumer and commercial segments. you're going to want to hear

more about that. also those cloud giants, are they starting to order a lot more of those intel server chips? you did see the air pockets as they worked through inventory. are orders picking back up they'd better be to reach that. >> the firestorm i'm referring to is 5g and the chips they settled with qualcomm, that huge lawsuit they said we're partnering with you, dropping the charges and moving forward with qualcomm chips for 5g instead of intel. intel shares rallied because the ceo said this is not a good business for us. >> because in their opinion, it wasn't a high-margin business, getting out of 5g modem. the market said great because now you can focus on the higher margin businesses. i'm not so sure. they basically pass that baton to qualcomm without fighting for it and quite frankly, where's the earnings growth with intel where is it? you're not seeing it i think it was 87 cents last quarter this year, 87 cents or so now plus, go back and look at april of last year where the stock topped out at $58.50, $59.

look at where we just made a high at, $58.50, $59 all of you saying double top, i agree. we'll take money off intel. >> i trust your word it will a fun afternoon. see you in just a little bit. >> i'll be back! >> yes, you will here's what else is still ahead on "the exchange." coming up, president trump's former adviser saying corporate america is china's lobbying firm we'll ask the ceo of international paper if he's right. plus, why what's happening in the swanking neighborhood could spell trouble for the broader housing market. and the cnbc 2019 stock draft is here. will thor bring down the hammer on the competition mets pitcher noah joins us with his strategy this is "the exchange" on cnbc woman: my reputation was trashed online,

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welcome back to "the exchange." our own brian sullivan speaking with former white house adviser steve bannon earlier today bannon making some headline-grabbing comments about china and its relation to corporate america. >> the high operation of the chinese communist party and what they're running in china is being funded by wall street, and corporate america. remember, pbs or npr had this thing the other day about

intrusions into stealing intellectual property in american companies they talked to a treasury official that went around to like 200 companies not one company had been stolen from would press charges because they didn't want to be blacked out of china corporate america today is the lobbying arm today of the chinese communist party and wall street is the investor relations department. >> my guest is no stranger to dealing with the pressures of doing business overseas. international paper has a strong presence in china but has recently been divesting there. mark sullivan is president and ceo of international paper welcome. >> good afternoon, kelly happy to be here. >> tell us what you don't like about doing business in china and why you're pulling back, if steve bannon is right about him saying, look, companies there don't want to upset the chinese government, and so they kind of just go along with things. >> so, kelly, we sell products manufactured in the u.s. into china because we're a materials company, and we sell about $500 million of our u.s. manufactured

product into china on a global basis, that's about 2% of our revenue. so, it's chinese customers but american-made products we used to have some businesses on the ground in china -- manufacturing, some packages and some other products. and we did divest those a few years ago primarily because we couldn't establish a competitive advantage. but china as a market for the kinds of products we make that feed consumers -- packaging and fluff pulp for baby diapers -- is an important market, as is all the markets globally. >> sure. and i wonder, then, if it actually behooves a lot of corporate america to say, you know what, maybe we do need a white house that will stand up and create better terms for doing business with a country like china, because one on one, none of us really have the power, right >> i think on a macro basis, what we believe in is fair and free trade and there is definitely some elements of what's being discussed between our two countries right now that would improve that but from the standpoint of the market -- let me just give you another statistic, just to put it into perspective.

as a manufacturing company that's making products out of renewable natural resources, we have about 28% of what we make in the u.s. exported to other markets around the world, including china. that's 9,000 manufacturing jobs for my company and thousands more in the ecosystem that supports us. >> sure. >> so, we need the growth for a competitively advantaged products that the world needs. we need to be able to access those markets. and there's a lot of things that can be improved to make doing business around the world, including china, more fair and on a level playing field. >> understood. and mark, let's talk -- as you mentioned, your products go into everything from baby diapers to the whole gamete of what happens in the economy what are you seeing out there, strength how's the u.s. doing how's china? >> i think from a u.s. standpoint, which, of course, is the biggest part of our company, we still see a strong economy. we are a company that rides a little bit below gdp, typically, so it feels about like the gdp

number that we just saw. macroeconomic indicators, like nondurable production, housing starts, things of that nature, give us confidence that 2019 may not be as strong as '18 for us, but it will be a firm, strong year outside of the u.s., europe has slowed for us, like it has for a lot of people, partly due to individual country issues, the uncertainty with brexit and so forth. and actually, in the fourth quarter of '18 and the beginning of '19, we did see a slowdown in demand in china. after the chinese new year, that's actually coming back, not snap back, but in a slow, steady return. >> that's great granularity. helps us understand, okay, so maybe going back to early feb, the trends there are looking a little better. >> yes. >> here in the u.s., i remember, mark when i visited out there, you know, the starbucks christmas cup was like the closely guarded secret, you know, of the -- >> yes, it was it was. >> are you guys still in that business >> you know, we actually

combined our business with another company called graphic packaging, and we retained a 21% ownership position so, our business that you saw is now with one of the best consumer packaging companies in the world. >> okay. >> so, it's a strategic way of us seeing the full value in that business it's a great business and graphic packaging's doing a great job with the ip assets in people. >> i think that's the most insider information i've ever had was knowing what that christmas cup was going to look like a couple months before it -- anyway moving on, mark. final question and you mentioned this there's so much emphasis these days on renewables, on taking plastics out of the supply, even on paper, making sure that a lot of that can be recycled and reused what efforts are you guys making here what's the consumer and business demand like, what's going to be the next generation of products that you think could be more eco-friendly >> i think what we have to remember is that the consumer wants to know that they're not doing any harm in the way that they shop, in the way that they live their lives so, for us, it starts with the

renewable natural resource -- wood fiber and recovered fiber we make 75% of our own energy from carbon-neutral biomass to produce our products and then in the case of our corrugated packaging, 90% of those boxes are recycled back into the system. and we're doing some innovative things, like making small packaging for e-commerce customers so that for things like jewelry and cosmetics, they can get a box designed exactly for that purpose we've even got some machinery that they can put in their plants that take up very little space. so, we're always trying to make packaging and products with a lower and lighter environmental footprint. >> hey, smaller packages for what i'm getting i would love. mark, thanks so much for all of your efforts and for joining me today. >> thank you, kelly. >> mark sutton is the ceo and chairman of international paper. speaking of gauges of the economy, many hedge funders who once called greenwich, connecticut, home are moving on, and their multimillion dollar mansions are languishing on the market let's get out to diana olick on site with the details.

diana? >> reporter: well, kelly, this home is on one of the grandest streets in greenwich six bedrooms, nine bathrooms there's a pool out there but it's been on the market for over a year, and in that time, the price has come down by nearly $1 million to $4.5 million. what's the problem changes to state and local tax deductions are changing home values here on the ground. >> i think everyone's gotten their tax bills. they're trming to figure it out. and i think that's affecting how fast buyers are willing to move. >> reporter: greenwich sales in q-1 of this year were down 25% compared to a year ago the median price down 17% to just over $2 million days on market, 214. and inventory is up to a two-year supply of homes for sale in other words, this is a buyer's market, not so great for sellers. of course, the homeowners here bought over a decade ago and they are looking at taking a loss. >> yeah, maybe they just stick around say why leave if we're going to take a bath on these homes

i can understand some of that, too. >> reporter: well -- >> yeah. diana, thank you so much diana olick in greenwich, connecticut. coming up, new developments following a cnbc investigation into the private jet company jetsmart we're also just minutesway from the 2019 stock draft you're looking at a live shot of draft central, where ten teams, 61 stocks and all of the action -- there's maria boden! all the action begins at 2:00 p.m. we'll be right back right here on "the exchange." - hello, i'm brad castillo. did you know that americans who bought gold in the year 2005

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welcome back to "the exchange," and here are some of your movers this hour. it's a sell-off edition. spirit airlines is falling after reporting earnings while the company's results were in line, the outlook was softer than expected. those shares down nearly 10% and freeport-mcmoran deep in the red as well after posting weaker-than-expected profit. they did reaffirm full-year guidance shares are down only about 9%. and semiconductor company xylinx, more than a 16% drop although they've been one of the year's best performers now over to courtney reagan for a cnbc news update hi, kelly. here's what's happening this hour fbi and irs agents executing search warrants at sites related to baltimore mayor catherine pu pugh she is under investigation for sales of "healthy holly" children's books she sold $500,000 million worth to the medical center while a board member. north korea issued a $2 million bill for the hospital

care of comatose hostage otto warmbier it says the main u.s. envoy sent to retrieve warmbier signed an agreement to pay the bill on instructions passed down from president trump. it is unclear whether the administration later paid th bill. joe biden says he'll have more to say on the big issues of the day at another time, this as reporters caught up to him at a delaware train station hours after he announced he is running for president. he did say he asked former president obama not to endorse him. and prince william traveled to new zealand to meet with first responders who were involved in last month's mosque attacks in christchurch. new zealand's police commissioner said the prince was very supportive. that's the cnbc news update at this hour. kelly, back over to you. >> courtney, thanks very much. there is a new development in the cnbc investigation of jetsmarter, the celebrity-endorsed company known as the uber of private jets. it became the subject of customer complaints and lawsuits, as robert frank has been detailing he's here now with the latest. >> thanks, kelly well, the latest is that officials from the fbi and the

u.s. attorney's office had been interviewing customers of jetsmarter about the private jet company's communications and its business practices at least two customers were interviewed in recent weeks by fbi agents and a prosecutor from the u.s. attorney in the southern district of florida, according to people with direct knowledge of those talks officials asked the customers about jetsmarter's agreements, their communications with customers, the names of salespeople, and the details of how the company changed the terms of its memberships they were also told that this was, quote, an active investigation. now, jetsmarter and its new owner, vista global, denied that it's under investigation, saying it has been informed by the united states attorney for the southern district of florida that it is not a target or subject of an investigation. it added that it assists all government authorities with their information. jetsmarter did not, however, say how recently it was told by the u.s. attorney's office that it was not a target or a subject. jetsmarter was acquired this

month by vista global, which said it did an extensive due diligence process, and we continue to see jetsmarter as a highly attractive acquisition for the group. >> it was acquired i wonder -- >> it was acquired. >> could the price have played into what made it an attractive acquisition target because why would you want that kind of exposure if you're vista? >> well, that is one of the big questions about this acquisition. they never released the price, so we don't know what the price was. but they're getting technology with jetsmarter, but they are also getting lawsuits from customers, a class-action arbitration and now a potential criminal investigation >> wow robert, thanks very much >> thank you. >> robert frank. just about 30 minutes to go until the 2019 cnbc stock draft. let's take a live look at draft central, where the teams are making their picks, and that includes these two "shark tank's" kevin o'leary and mentalist oze pearlman. >> i'm going to beat him like a

puppy. that's what's happening. >> we meet again, mr. wonderful. i have brought my prediction, my friend this time you actually get it. you know what, sign it sign your life away, like a royalty deal. >> i will, but i am wearing this, one of the oldest rewards given to me from stock pickers, protects me from evil. >> you'll need morethan this against me now sign it. hold it until the draft. i don't want to touch it it is in your position no, no, that's it. >> ooh. >> no cheating this is the real deal. i'm in your head. >> i like this no evil here i have the stock test today. kelly, i'm launching an investigation into the draft because we do not have dividends, and that's obstruction of justice and obstruction of cash flow i am litigating. >> more cash flow. i'm in your head already. >> it's ridiculous >> shouldn't make too big of a difference kevin, i don't know why you said you're beating him like a puppy. that's a little grim. >> i'm just joking with that you know when you're training a puppy with a newspaper and trying to get him to work well at home -- >> sure. you're back-tracking see you soon

thanks, guys. here's what's coming up on "the exchange." >> don't open it yet. still ahead, a longtime tesla bull throws in the towel, calling this quarter an episode of "the twilight zone. new profits continue to brew at starbucks. and what the new king of "jeopardy!" is doing for ratings. that's all ahead in "rapid fire." every day, visionaries are creating the future. so, every day, we put our latest technology and unrivaled network to work. the united states postal service makes more e-commerce deliveries to homes than anyone else in the country.

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welcome back let's catch you up on a couple stories that should be on your radar today. it's time for "rapid fire," and here with their takes in and to break down today's headlines, kate rogers, eric chemi and meg tirrell, making her debut. >> happy to be here. >> we haze you a little bit. >> wonderful. >> first topic, shares of tesla down sharply today after a surprise loss in its quarterly results, and the quote of the day, wedbush analyst dan ives, who's been a longtime bull on tesla, downgraded the stock to neutral and said "we view this quarter as one of the top debacles we've ever seen," he's saying in 20 years of coverage, calling it an episode out of "the twilight zone." >> top debacle from the bill bug, sharp decline, but the chart is only down about 3%

today. they missed revenues by 10%. i mean, the earnings per share on this was so bad, but it's only down 3% it's right at that $250 level, which a lot of people look at in that stock as support. they say if it breaks below $250, you've got a problem, but it keeps holding it. an analyst i talked with yesterday said this is like a cult stock if this was any other company and didn't have the tesla name, this is less than a $100 company, but because of musk, what tesla means, the brand behind it, it holds at $250. it's only down 3%. any other stock would be down 30% today. >> not to mention, he kind of alluded to maybe the need to raise capital. and again, that would typically put pressure on the equity price, but today -- >> you'd think so, but he's also talking a lot about longer-term goals and bigger plans, and maybe that's sort of like a hey, look over here type of thing but earlier this week, didn't he talk about like a robot fleet of taxis? that sounds cool maybe they have to raise the money to do these things, or maybe it's a hey, the quarter sucks, look over here. >> which we've seen from him

time and time again. the share price says everything about this quarter one of the analysts saying it's the worst thing he's ever seen, and it's down 3% chipotle is having a worse day, despite an earnings beat and it doubled digital sales during the quarter. the stock was down 6% at the lows and has come up in part because they disclosed a subpoena what's going on? >> this is part of an ongoing investigation. the subpoena's related to past illnesses, so this is not a disclosure of any type of a new illness for the company. i don't think that we should overlook how strong this quarter was. you just mentioned it, comps up nearly double digits the stock as of yesterday was trading close to its all-time highs. >> and it's up 64% this year, chipotle >> yeah, and under the new ceo who we spoke to this morning we did ask him about food safety he said we want to be relentless we always want to improve on this we hope to be a leader in the industry so it's certainly top of mind. they told us they're cooperating fully with the investigation and plan to continue to do so. >> do we know anything more about what this subpoena is looking for or what -- in other

words, what is at stake for chipotle if there are local or federal officials who are now probing this to determine what, exactly, that they didn't comply with food safety practices, or -- >> so, this has been going on for several years. and basically, they're providing them with information regarding their food safety standards. so we'll wait and see what happens. they're not sure yet if they're going to incur any fines or penalties, but certainly, it's top of mind for the brand. >> look at facebook for the same time today it might face a $5 billion from feds, one of the biggest corporate fines in history shares were up after disclosing this last night at 9% at one point. i think investors are saying, look, we know what has happened in the past. if you can show that the model's changed or that the future does not so much depend on that, then we'll give you clearance. >> it's interesting what an ir department can do for you and what branding can do for you like we see, tesla, horrible quarter, we're down 3% chipotle, great quarter, one subpoena, it's down double that. facebook can have a billions of dollars fine it's interesting what people care about and what they don't care about, because every company has certain brand value. >> investors, but then look at the comps, up nearly 10% for the quarter.

>> yes. >> so what about the customers they're obviously going back in stores, digital up over 100% year on year, and that says a lot about what the company's doing right now. >> lately, the chipotles i've been in much busier -- >> and you're still going to chipotle that's the whole point -- >> yes, two days ago how about starbucks, which is set to report earnings after the bell earlier this week, its chinese rival luckin coffee filed for a u.s. ipo, hoping to double its footprint in china shares are still up 19% this year what are we looking at after the bell >> it will be interesting to see what they do in the u.s. the past two quarters, they've had a 4% comp, good acceleration there. i think analysts are looking for 3.5% gain in the americas. also china luckin saw same-store sales increase 1% in that market it's their fastest growing market, 3,700 stores there now they're looking to double that in a few years and analysts say these are two different business models. luckin is losing a lot of money.

they're focusing on this very cheap, very fast delivery. that business model may or may not be sustainable, and starbucks is doing something different there, and there's room for both, basically. >> well, we'll see >> we will >> when starbucks case in the u.s., that 4% comp number's interesting, because a couple years ago, there was concern they would never get back to those levels i don't know what's driving that, whether it's price, traffic, rewards programs. >> they're doing a lot of things they just overhauled their rewards program. now it's easier to cash in on the rewards, which i know people appreciate you can basically enroll. >> but didn't they devalue the monetary value of the reward points >> you can get rewards for lower amounts of stars now, basically, but to your question about the overall business model and what they're doing, they've streamlined a lot of tasks so the baristas can interact with you more the ceo has pointed this out to us several times they've moved the remedial tasks to after market -- after market close -- after -- >> are the baristas going to ask you touchy political questions i don't want to interact

>> they want to have a better guest interaction, basically so if they move those tasks to after the restaurants close, basically now they can give you a better customer experience and also cold beverage and beverage innovation is huge for them. >> if you say so finally, could "jeopardy!'s" budget and bottom line be in jeopardy the game show's rating champ james holtsauer won again last night. he's the second person who's crossed $1 million in the show but did it in half the time as ken jennings now the question on everyone's mind is whether the show's rating boost can offset the losses from the prize money he's taking home. >> that's such a stupid question oh, we're going to lose money because he's making $75,000 an episode and the average winner makes $20,000. they don't have room for $55,000? allern trebek makes $10 million a year he makes more than the winners. >> do we know how much jeopardy makes? >> it makes millions it's a six-point rating every night. you'd also be making $10 million

if yours was a six-point rating. no one cares about -- >> we can start giving out prizes on the show. >> it's a ridiculous question. more people are talking about "jeopardy!" because he's winning a lot and is generating buzz. >> this goes back to the week ending april 14th, so ten days ago -- >> ratings were up 5% in his first week. >> only up 5%. >> but we didn't know he was going to take off. >> i think now they'll be up way more i see him everywhere. >> wait two weeks when we get this week's data and it will be this much higher. >> i would assume to, because right now -- so, that's the old number we have of 5% increase. even that, i'm surethey'd be happy to take in this era of declining tv viewership overall, but it must be going up, like you said, 10%, 15%-plus, i would assume so, we'll see again. >> you get the revenue value of those commercials, which would be more than the $55,000 extra he makes -- >> i want to know if eric chemi ever has tried out for "jeopardy!" -- >> no, i haven't. >> i feel you would win at this gaming system. >> i was very good at middle school quiz bowl, in high school, too. >> middle school.

>> i should probably try out, but i don't know. >> yeah, good luck with that i've seen some of your answers by the way, some of the questions that he's gotten wrong were surprise -- >> i got that panic at the disco. he got that wrong. >> i did not get a single one of those. >> anyway, guys, thanks very much we'll see how he does -- well, tonight we'll see. maybe not tomorrow night for the draft. speaking of the draft, the countdown to the 2019 cnbc stock draft is on. we're a little more than 15 minutes away, and mets pitcher noah syndergaard has been prepping for the big event for months that's him in the robe standing in front of david faber. he joins me next

what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ welcome back the cnbc stock draft war room has all ten teams getting ready to compete in the championship that begins in just about 20 minutes' time. you might recognize one of the contestants from his time on the

pitching mound new york mets all-star pitcher noah syndergaard is competing in the draft this year for the first time and joining us in between games on his off day, too. also with me is "fast money" trader guy adami with mr. syndergaard himself. and mr. adamie has some last-minute tips on what to do with the stock draft guide and all that can we talk to noah first? >> talk to him he's here! >> i'm confused about the setup right now. there's a camera there, camera there. >> people all over the place, screens, too we just want to know, why are you interested in the stock draft? >> i kind of just wanted to venture out into a different realm other than being a baseball player, because, you know, you never really know how long you're going to be able to play this game for, and once i do get out of this game, i don't know that i necessarily want to get right into retirement, but maybe into a different career path, and just kind of learn how to manage themoney i could potentially make playing baseball. >> are you pretty hands on will you -- i know, like you said, you've watched cramer and

david faber. i mean, do you then kind of go off and say, maybe i should pick up some amd or whatever they're talking about? >> at the moment right now, i have a financial team that i do trust, but i also want to just, kind of want to be a student of the game and just like how i am playing baseball i just want it to be one facet. >> last question for right now is, do you have a strategy for the stock draft today? >> yeah, i've got a list of stocks i like the most, but you know, see how it all pans out. >> based on what >> there's really no basis -- >> he's playing it close to the vest, kelly. he's picking sixth in the draft. he doesn't want guys like seymour to know where his head is at. i mean, that's how he rolls. you know what, the best-case scenario, you pitch to 40 years old, and i hope that happens, and you'd look great in pinstripes in about five years just saying. i know i probably shouldn't say that, but i'm saying it. that said, 40 years old, you're still a young man, you've made a decent amount of money you've got to start somewhere. and watching jim, watching

faber, watching kelly's show, then "power lunch" -- >> "fast money" guy -- >> that's how you build up to the point where you can sort of do this on your own. and although you have a team, instead of listening to those guys and gals, maybe start giving them some input as well is that where your head is at? >> i think so. that's the route i've been going. i've recently become obsessed with the show "billions. and you can make a lot of money playing baseball, but i'm looking towards more the fu kind of money. >> that's why i like noah syndergaard. he comes on this show and talks about fu kind of money i dig that and fu kind of money is going from where he is now, which is significant and analytic better with that next contract, to making billions and maybe parlaying that into a derek jeter-type situation -- >> you know, a lot of people -- >> ownership. >> ownership, yes. a lot of people have gone off course by trying to make the quick money or have gotten involved in bad deals or think this is the next hot thing and it doesn't pan out how do you figure out how to ooze use your fame or make the

right investments or how to get ownership? >> you know, i just kind of start off slow i've got to kind of have a plan right now, but that could definitely change depending on how my career path goes. right now i just want to soak in as much knowledge as i can before i really start getting into the thick of things. >> he mentioned jeter. we were talking about lebron james who's done interesting stuff in the business world. is there anyone in particular you look to who's done it the right way who you would want to follow >> i think lebron james is doing a tremendous job i don't know the exact details of what he's doing, but i think the man's taking over the world, and not only the sports side of things, but entertainment and who knows what else he's doing. >> are you fired up for this draft? i can see it can you see his eyes he's a killer! he's going to drill me now it's fantastic. >> i'm new to the competition, but i don't want my competition to take me lightly. >> there we go. >> right there. >> and there is such a thing as beginner's luck. noah, thanks it's great we're looking forward to it in a couple minutes guy, thank you you're going to be part -- you're like the analysis team, so -- >> i'm with j.c. again, of

course, the great melissa lee. we did this last year. we had a blast we're going to do it again this year it's going to be a lot of fun. >> all in a couple minutes' time, less than 15 minutes away. stick around for that. it starts at 2:00 p.m. guys, see you very soon. >> thank you. up next, a closer look at how we work. the ceo of a company that tracks employees' interactions to help employees improve gazaon d how work gets done will join us after this. ♪ ♪ memories. what we deliver by delivering.

technology today can help people optimize just about anything, from the way they exercise to the way they sleep and the way that we work one company is offering a fitbit for work to maximize what people get out of the workplace joining me now to take a closer look at the future of how we work is ben waber, ceo and co-founder of humanize ben, welcome. >> thanks for having me. >> the fitbit for work is for managers to figure out how to make their employees more productive, right? how does this work >> well, the idea is that companies make really large people decisions, whether you're designing a new workplace, introducing a new training program or something like that, and they do that without actually understanding what goes on within the company. you know, they don't know how much management talks to the engineering team or even how many hours people work

then they'll spend hundreds of millions or billions of dollars running those initiatives because some executive read an article about what google does and they think they're cool and they'll do that. >> right. >> and essentially, what we do, which really spun out of my ph.d research at m.i.t. is we take data that companies already have about what goes on at work -- email, chat, media data, but also sensor data and look at the patterns of that communication at a team and higher level, and then really use that to help inform not just what goes on, but then how different decisions impact how people actually work. >> right and so, people wear these devices, and then you have devices -- so, then you guys track, okay, when the devices get close to one another, when they get close to other sort of hotspots in the office there's obvious kind of privacy concerns, not because you guys are snooping on anything, you know, beyond that. it's pretty transparent, but some people just don't want to be tracked, right? >> yeah, no, and i think there's, particularly with the data that companies already

have, which is really where our primary focus is, that's something where, again, if you think about your email data, what we're pulling out of that is not content or eave your name or levels, how much different teams talk to each other. when it comes to sensor data, you know, like some of the things that are badges that have done in research contexts, it's really around large scale communication patterns, hot spots in the office. that sort of thing so at the macro level, companies can really drive how big headquarters can be and what sort of amenities to have and that sort of thing and that's what we focused on. >> your examples are really interesting. you've helped a company doing deals, figure out what teams together any broad takeaways about the workplace, especially open workplaces to kind of a rule of thumb or two that you've learned from all of these experiments? >> yeah, and i think even open

offices or whether people working from home, a certain amount of time, those things, none of these things are universally good or bad. right? it really depends on the context, and i think that companies are too used to making these incredibly large capital investments in their workplace without actually understanding changing how people work and if we only care about costs, what we should do is have everyone work from home because that's the cheapest but the physical environment that improves how people collaborate and there is, there's a huge amount of data we have, for example, proximity between people, dramatically drives not just how we interact or face-to-face and decisions made happen as haphazardly

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welcome to the 2019 cnbc stock draft. bigger and better than ever. this year, 10 teams are competing for the biggest prize in stock picking a pro poker player hoping to read their opponents' minds and faces. a celebrity chef is cooking up his plan the first ladies of stock picking are back three stock draft veterans are back, and our champion is hoping to kick his way to a second straight trophy, a "power lunch" special event. the 2019 cnbc stock draft starts now. >> you are looking live at the

cnbc draft room where the teams are doing their final prep for this year's big event. we are just moments away from tim seymour with his number one pick welcome to our favorite day of the year here on "power lunch," the stock draft. i'm melissa lee. >> the biggest prize in stock picking is at stake this hour. i'm tyler mathisen welcome, everybody and with us to help analyze and maybe even criticize the picks, "mad money's" jim cramer >> all rookies >> rookies, rookies, rookies. >> fantasy, a tall guy out there, like shazam or syndergaard. >> they woke up your phillies last night in a major way. we'll talk about that. walk around and same thing as my man. there's some people out here, a guy, mr. not wonderful, a little sorry. >> we're going to run through

exactly how this whole draft is going to work, but first, let's go out to kelly evans and dominic chu in the draft room, folks, take it away. >> we're enjoying the trash talk the draft room was buzzing amazing guys competing you've referenced them starting with noah syndergaard, star pitcher for the new york mets. >> and kevin o'leary, a stormer stock draft champion, big gamble last year did not exactly pay off in a big way his rival, bethany frankel behind me with the dog, back but this year, they may be more friends than foes, kelly >> we'll see celeb chef bobby flay is here making his way to the draft. >> the 2018 stock draft champion nick lowry, hoping to defend his title this year. you may not know this, kelly, but nick's real name is dominic, so from one to another there you go. >> you can't have a stock draft without the beards town ladies

we welcome them back for 2019 as well before we can get started, we need to get to melissa lee to explain these rules. >> the 10 teams will be making three picks each from a list of 60 investments 56 stocks, plus gold, oil, bitcoin and a way to play bonds. we've got the blue chips, walmart, boeing, koch and more and all the fang stocks, facebook, amazon, netflix and google, apple too. and there's a basket for all the risk takers, canada goose, snap, tillray and the new ipo lyft on the board. the 2019 stock draft winner is the teams whose stocks with the biggest appreciation not including dividends. sorry mr. wonderful. the game kicks off with today's closing prices and ends with the closing bell, the friday before the super bowl >> thank you very much, melissa. and you can play along at home this year. pick the team that you think

will be in the lead by the closing bell on may 28th, about a month from now, and you can win a trip to cnbc world headquarters, in beautiful englewood cliffs, new jersey go to stockdraftchallenge.com to enter and get all the rules. seymour alpha is now on the clock, but before we get the pick, jim and guy, let's hear from you who should he take with that top pick >> hold on, hold on guys late development just in the commissioner's office is declaring just seconds ago, a 61st stock is now eligible for the draft and that stock would be 3m. having, by the way, the worst day since black monday might be a single m. but this is up for grabs, send it out to the draft room >> didn't say hi to sandy. that's the man runs the whole thing

he is the commissioner. >> will anyone take 3m >> does that change the calcu s calculus, jim? >> i did a lot of work on it today and steve on the judge's show j.p. morgan, a lot of things need to go right in a very short time of this >> if you had the number one pick today, right now, in seconds, who would it be >> biogen. >> i know the picture was going to pick that just front run the picture. >> i didn't front run anybody. tyler asked me a question. >> it is for sale. it's for sale. >> a big sale. >> this is historically low valuations market cap is interesting. get to make an acquisition, thinking a year from now, talking about biogen at $190 handle. >> who's your kyler murray in this >> low stocks tend to work i was eating chipotle and put on a blue