in rates paced on carbon emissions goals. they exist and the industry is booming. we'll talk to him tonight. i'll sigh you there 5:00 p.m. eastern time tonight with that guy. it's going to be an interesting interview. it will open your eye on a topic that many are skeptical of market, new record highs great week "power lunch" begins right now here's what's new at 2:00 on "power lunch" for friday stocks indeed marching to record highs. wall street's biggest investors. the billionaire bulls. on fire. the number of people building new houses is at a 13-year high. we've got those details and later the ceo of bank disrupter, chime, finalizes a multiyear deal with dallas mavericks the ceo will join us as "power lunch" starts right now.

and let's get a check on the markets. stocks are higher hitting record highs again today and get this, the dow on track for its best week in nearly five months there you see the industrials basically flat never the less higher. welcome, morgan. how are you? >> it is great to be with you this friday afternoon. record breaking rally has been led by the biggest names google join iing microsoft in te trillion dollar club for more on that impact from those megacap stocks and what they're having on the market, we're going to go to seema >> hey, morgan, the reason we care about these milestones is because alphabet and microsoft and apple collectively make up about 13% of the s&p 500 and all three are sitting on gains for the year really setting the bar high for earnings this season. now evaluation metrics for these

three tech companies shows that alphabet is the only one trading at a discount to its five year average of 34 times earnings microsoft apple are both trading above their historic pes with apple in the 15 to 16 range typically. now the average price target for alphabet continues to rise at , 1,516 a share and ubs and evercore raising their target on the stock this week citing strength in its cloud business some are sitting on the rally after hunl huge surge for semiconductor stocks morgan, back to you. >> thank you as race to records rate is op, two big wibillionaire investors, david teper says he quote loves riding a horse that's running. stanley staying in the race,

sayinging that i am still riding the horse. still bullish. immediate term not certainly their first rodeo. so definitely pay close toengs to should you keep buying stocks at record highs let's bring in michael k chief investment strategist and ron insana, senior adviser and cnbc senior analyst welcome to you both. >> thank you >> stocks. valuations right now >> sure about that >> are they expensive to you or valuations stretched? >> they're expensive but i think expensive in overvalued can be different. doesn't mean that they're overvalued necessarily they're expensive because of i think three reasons. interest rates are low credit spreads are tight and the composition of the s&p today is very skewed towards technology, growth and other defensive segments of the market unlike say 2007 where it'sly cyclicals, which tens to give a cheaper mark >> ron, you agree?

>> i do. i would say we're technically overbought t vix is below 12. we've seen meaningful corrections. one type to have concentration, five stocks accounting for the 5% of the market cap then the vicks coming down so yeah, i think we're probably stretched i don't think it's the end, but a pullback is always possible. >> you say we're getting close to a pullback, but not a bear market what tells you we're get iting close and what would trigger it. >> there could be some of the same volatility strategies that were quoing on in 2017 where you were long the s&p and short the vix. that keeps it as low as it's been just the other day that this is the sixth longest stretch since october we've not seen a 1% move in the market either way we could suggest we're in blow off top in technical terms that could have a pullback down the road, but i think largely technical. economic numbers have been as

you said earlier, just fine. >> so michael, where do you see the greatest opportunities right now? what names specifically? >> we've been recommending higher quality value which lends itself to a more cyclical tilt while the market's up a lot and prk es have led the way in 2019, we think earnings are about to pick up and earnings expectations which had been coming down the last couple of years as manufacturing had been weak we think that's beginning to turn around. we like financials, industrials. >> that's what i was going to ask you. where do you find higher quality value? any names in those categories? >> yes so we, i'm a strategist. we also do quantitative research the characterics you want to own in a backdrop where manufacturing pmis and economic data is beginning to improve industrials, but with a domestic tilt we think the u.s. economy is going to be driving this

expansion in 2020 and into 2021. so transportation stocks machinery stocks i know a bunch of, there's certainly a lot of names that would fit the higher quality value universe certainly don't want to nail it down to one or two names it's not what i do, but i think stocks that are relatively less expensive than their peers that have profitable business models today are good buying options. >> ron, you say a pullback is possible how big of a pullback might be reasonable to expect 10 to 20 >> well, we can so far, if the fed is not only quite easy, but is actively endpanlged in providing liquidity to the marketpla marketplace. you don't usually see large scale corrections. they cut 55 times last year around the world global markets are all up. >> and are the most vulnerable

those trillion dollar valuation stocks that have run so much >> for a correction, yeah. we've not seen this really this type of concentration since 1999 but the characteristics of the market are somewhat different. the fed was tightening into that bubble cycle and that type of thing. the one thing i would be careful of is the high yield levered lone market. for high investors who hd incom should go through and see what kind of ill liquidity resides. if there's a pullback, that might be more magnified in junk debt >> if your fund is hoeded up on those, take a second look. >> thanks for joining us today >> thank you >> and a news alert on boeing. reports of another, yes, another software problem with that plagued 737 max. boeing stock falling on the news and dragging down the dow. cnbc.com reporter leslie joseph joins us now >> we are finding out that boeing has put in this piece of software, it's actually a software monitor so when you start up a plane,

boeing put this in to make sure all the systems on the plane, flight control, et cetera, are working correctly and in tests in recent week, we're finding one of those monitors didn't work it wasn't able to perform that >> the software to monitor the software >> exactly and boeing wants put as many fail safe mores from place and they're scrambling to get these planes back into service so they need these thins to work. it's something we don't know at this point, but they need everything to go well. any sort of hiccup in the process, that's why we have the stock move that you just saw >> when you have this conversation about boeing and software in general, it seems like it's built by united technologies b i believe when you talk about the software and malfunctioning, is it boeing writing the software that connects into that component or is it the other way around >> they're putting in software, they're putting in a program so

that it can monitor and make sure that all of the other programs, they have very complex soft wark to make sure all of those functions that a pilot sees and is using are working correctly. they don't want the plane firing upstarting up and then have those systems not work so they put this additional step in there, which the f ark a. >> has boeing commented on these latest reports >> they said they're working with the faa on it as they've said before and reiterated they want to get these planes back into service and working closely with the regulator to do so >> there is their statement on the max updates. thank you so much for being with us appreciate it. for the latest on boeing, you can find her work on cnbc.com new reports today saying the trump administration wants to make changes to the foreign prep practices act. larry kudlowwas asked about it

aeamon. >> the new book is by with two "washington post" reporters. it's called a very stable genius it's about president trump and his time in office and one of the anecdotes in the book relays an incident in which the president asked then secretary of state rex tillerson to get rid of the foreign corrupt practices act. the law that prevents american companies from paying bribes overseas to foreign officials. the president has been critical of that law in the past publicly and in the book, it quotes the president as saying it's just so unfair that american companies aren't allowed to pay bribes to get business oversea es. we are going to change that. well larry kudlow was in the white house press briefing room today. he was asked about that and what the administration's view is on the act. here's what he said. >> we are aware of it and we are looking at it and we've heard complaints from some companies so i don't want to say anything definitive policiwise k but we are looking at it. >> so saying he doesn't want to

say anything definitive policiwise and the administration's stance, but we are looking at it. that is we are looking a the foreign corrupt practices act with with a view to changing it in some way that would make it better for companies or easier for american companies, which are caught up in bribery vegas situations overseas. i've asked aides to expand on kudlow's comments and explain what the administration plans to do can't get rid of the law as the president of the united states you have to get congress to do that, but the department of justice enforces this and presumably the department of justice under president trump if it wanted to, could take steps to change the way that law is enforced no indication that's happening >> it's a sensational headline, right? the idea of getting rid of this or at least changing this act, but i wonder, especially given the fact the administration has such a focus on this idea of a level or leveling the playing field when it comes to things like being able to export and manufacture goods.

are there certain things the u.s. is not allowed to do or negotiate that other countries are? >> sure. other countries are allowed. other companies do play bribes and get away from it and there is some market share loss for other companies. you hear hear american businesses talk about how their competitors can do this and they can't. in a way, you can say it squares with the overall trump administration deregulatory agenda sort of taking some of the shackles off of american businesses so they can be more profitable, but this one is interesting because thing act is to totemic of america's position in the world as a force for law and order and anticorruption and has been used by the united states as sort of soft power around the world to lower corruption and particularly, for an administration that had said its efforts in the ukraine, which have led to the president's impeachment, were about cracking du ining down on corruption this is a tricky piece of

messaging right now, so we'll see if the administration puts meat on these bones and specifies what they want to do here >> thank you very much coming up, usually the cold weather months like december with quieter for home construction, but this december was red hot. sending home construction etfs to an 18 year high can housing boost the overall economy? plus, comcast unveils its entry into the treemi instreaming wars can a free, ad supported service disrupt this cwdroed industry? we'll take a look when "power lunch" comes back. corner of your growing business. from finding out what's selling best... to managing your fleet... to collaborating remotely with your teams. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence.

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a big jump in housing starts that translating to the stock market the home construction etf hitting a more than 18-year high the building stocks rise iing ts week as are the companies that the stuff that goes into the home mohawk industries, up 10% this week can strengthen, can strength in housing translate to the broader economy? steve liesman is joining us now with a rapid update. >> thank you two of the major forces affecting the u.s. economy have played into today's data the slowdown in manufacturing apart from the trade war but the surge in housing linked to the decline in interest rates, both sides, affected by the weather q4 tracking 1.4% and that's unchange bable to explain, but q1, the weakness is still in the

forecast at one point economists said they raised their forecast because of the blowout housing number up 17% helped by low rates and warm warmer weather in december but lowered them because of the weak industrial production report showing some strains in manufacturing, but also lowered utility due to warm er weather up 2.4%. that's their fourth quarter estimate oxford and -- b of a at 2 and bringing up the year 1.8% we started the quarter with rapid update at 1.5. so it's trendinging the right way, but the one sixth for this quarter, that could be more solid. the halting of production of the 737 max as you know is going to shave maybe as much as half a point off of gdp and is going to be tough to get that back even from stronger housing. >> is there a way to factor that in as we go into 2020?

>> it's going to take about a half a point off but it should come back as they bring the 737 max production back online. when that will be, i guess take the month that boeing says and add six months because they've been off that's a joke. >> how much larry kudlow said the trade deal will add at least a percentage point to gdp. you buy that >> i have not seen any mats or heard them from the administration nobody in the private sector say ing there's a percentage point what the best i've heard -- >> pretty sure that's what he said >> i would not disagree, but what i've seen is that estimated the trade war will take away .2% this year and they have -- sorry, 2020. they've had that so maybe a .1. the trouble for the economists is they start from the standpoint of the tariffsbeing in place you only got rid of one-half of one round of the tariffs that you put in place

so a lot of that negativity that comes from that and the disruption supply chains, they also do not forsee a big rebound in confidence that's going to be a big reb boubd in cap ex. if they're going to be long, that's where they're going to be long >> i want to bring in joe. why don't we just bring him in welcome. >> he may have a better estimate >> you got your wallet on the table here >> it's an old, it's a big wa wallet no money in it money in my pocket anyhow, i think that a what kudlow was driving at was the volume of puchls that are implid or cot fi codified in this trade agreement and it's several hundred billion dollars and if the united states can generate that kind of supply, maybe it would add the gdp. >> sentiment aspect that steve alluded to, larry is well aware of, is very important. animal spirits are key seems a couple of things have

happened number one, the equity market, some of the growth of your sectors like financials, industrials, have done extraordinarily well that is very good for corporate sentiment. that will help lift cap ex and manufacturing to me is close to a bottom i've been saying it the last month or so. that will give us growth and if sentiment improves, growth could be three i know that sounds aggressive. i think the street is way too pessimistic on the 2020 outlook. >> i'm curious though why you think man faufacturing is hittia bottom we hit a number of earnings. csx. expediters international >> the freight and the rail data speaking of a economy in recession. it is so bad that freight and rail data. terrible >> the ism says the sector retracts i'll give you two reasons why i

think it is recovering less obvious is the following. if you look within the internals of the ism, when production runs belovercut that speaks to the natural recuperative power that spread which i alluded to is negative has happened four other times in the last 40 years and two were doing the last recession. so i'm going to pick a bottom and say we're recovering that's one answer. the other is if you look at the different philadelphia fed surveys, which steve is very familiar with, all the six months forward activity components have bottomed and turned up. so to me when the manufacturing sector recovers in 2020, cap exgoes with it >> we don't disagree much. i think it's a matter of timing and degree i think what we have is oan a initial wave of weakness because i think there's still bad stuff to work through the economy. they only took effect in

september on a big and important chunk of them and they're still out there on some $360 billion worth of chinese imports that's one the second i think we get some recovery i think it's a back half story you may do 3-2 >> you raised very good point. to me, the tariffs, because they're not all on final goods and services, they need to be measured from relation to total size of the economy. which isn't 22 trillion. it's 40 trillion so 600 billionish on 40 trillion is just peanuts. it just doesn't matter which is why i've argued in the past, the fed responded, they corrected their mistake, and viola, the outlook is better. >> i'll close with two quick questions. is is now a good time to buy stocks >> you're asking a fixed income guy. no recession, so yes >> let's turn to the article in "the wall street journal" yesterday where the thesis was the federal reserve and other

central banks have lost their power to influence economies i believe that's the head of the era of fed power is over prepare for a more perilous road ahead. he made various arguments within it do you agree >> look at the fed's balance sheet. no, i don't agree. >> because they're able to add to that. even if they have limited able thety to lower rates further >> the two most powerful things that have happened in the stock market has been the change in the fed's balance sheet. and the extra december cut that caused the market to fall off. there is no evidence that the fed has lost power it looks more powerful than it ever was >> we agree. >> two thumbs down joe, steve, thanks a lot have a good, long weekend. >> the treasury department will soon start selling 20 year bonds. rick santelli has more on that for us rick sxgle, it's exciting kind of back to the future excement for tesla's not delor yans

1981 and 1986, we had 20 year bonds. i was in the 30 year bond pit when we had 20 year bonds. the decision wasn't easy 20 year, 50 year, 100 year all these ultra bonds. floating rate paper. surveys showed investors at this point wanted something more traditional like a 20 year, those other maturities are still under consideration we'll learn more about when it's comeing, bt the neat part is why now well pry hairly because the alarm clock has gone off on low rates. that's why we're doing this now. we're spending a lot of money. the tax cuts created money but we still outspend them, but in the final analysis, trillion dollar budget deficits, 20 trillion national debt they want to find the best blend of a portfolio that takes into account the sensitivities of rates. think mortgages. if you think rates are low now

and they are, would you take out a fixed mortgage or floating mortgage or long-term fix? i know you're smart. you'd pick long-term fix treasury's thinking the same it's not going to be a floating strul. it's going to be a fixed ultimately, the control to 250 billion a year "power lunch" gang >> coming up, a major media makeover fortune magazine getting a revamp we'll talk to the company's ceo b about the big relaunch and the ceo of chime will join us. the founder will weigh in on the company's big money backing and its new deal with the nba jooi make fitness routine with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good! high protein.

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♪ ♪ ♪ . welcome back to "power lunch. industrials at records, but not all stocks are joining in on the surge. american airlines, boeing, fedex, 3m, textron and snap on

iced out of the rally in the past year, so are there any buys here let's bring in your trading nation team. craig and danielle welcome to you both. craig, i'll start with you what are the charts saying >> well, we're overweight the industrials sector and i look at stocks inside of here. take a look at the chart of 3m if we look at it, we can see the stock looks like making a bottom from our perspective we're seeing it in '18 and '19 it's about 22% upside if here. you get a buyer of those shares today. >> danielle, we've been hearing about reigni guesgniting of thee >> looking at the industrials, they've been soft and a lot of that has to do with the trade war, however the space within industrials is aerospace defense. for that reason, i look to textron and even though it's a laggard within the space, i like that one in the long run due to the ongoing geo political tensions >> all right craig and danielle

thank you for joining us for more trading nation, head to our website or follow us on twitter at trading nation. >> ahead on "power lunch," peacock spreading its wings or trail, really, is what peacocks do comcast announcing more info on its streaming service. we'll bring you the details, plus an extreme media makeover fortune relaunching with wia whl new subscription model and fin tech on fire a start up company call ed chime has raised nearly a billion dollars in funding and spending a chunk of it to sponsor the mavericks. the ceo will join us next when "power lunch" returns. hey, saved you a seat.

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welcome back, everybody. here's your cnbc news update at this hour. the trump administration announcing it is sanctioning an iranian brigadier general for human rights violations against protestors saying it will hold the iranian regime accountable zpl he oversaw the massacre of over 148 help redskins iranian in the mashar region last november he was in command of units responsible for the violent crackdown and lethal repression around mashar. >> here in this country, jury selection in harvey weinstein's sexual assault concluding after a difficult two week process setting the stage for testimony to begin next week 12 jurors and three alternates have been b seated and president trump welcoming the lsu tigers to the

white house. they beat clemson monday night to take home the title the president and first lady attended that game and the star quarterback. that's the news update at this hour >> ed has the best voice in america. >> totally >> it's a growl. it is so great >> which is so perfect for the tigers >> truly is and for louisiana. thank you very much. time now for today's power movers first up is slack. it is dropping as microsoft plans a big marketinging push for its teams. that's the rival j.b. hunt miss iing estimates by 14 cents a share citigroup's analysts calling the results weak across the board and finally, dave and buster's ticker symbol, play, the private equity firm kkr disclosing a 10.7% stake in the company leading some to speculate a takeover is possible, morgan, at some point >> shares of comcast are moving higher as well after unveiling

the peacock streaming service. peacock trying to stand out in a crowded field by offering three different pricing tiers, including a free version that's supported by ads for more on wall street's reaction, let's bring in julia >> morgamorgan, that's right peacock is looking to be a new version of broadcast tv. but for the internet nbc universal forecasting that peacock will have between 30 million and 35 million active accounts by 2024 peacock is looking to differentiate from the crowded landscape for on demand subscription services not just with its free ad supported option but with early access to late night shows, live olympics coverage, live breaking news and exclusive access to films. now analysts are largely bullish on peacock's focus for growing demand for video ads and also

offering an alternative to subscription overload. dan i'ooifts said we believe the sports properties and distribution footprint that those numbers are conservative g guggenheim does point out that the product could have a negative impact on comcast linear video business that's tv subscriptions, but this is all part of the company's strategy to try to figure out how to tap into demand not just from cord cutters, but also make sure they're giving people reason to stick with the bubble. back to you. zbh thank you very much. on the other side of the media landscape, another story brand is getting a makeover. fortune magazine, more than a year after being sold by meredith, is relaunching ilts new subscription tiers will offer ten print issues in a library of digital content with us now is the president and

our young, old friend. >> reunited here >> many years ago, we had a great show together. >> where did it go >> why isn't it still on the air? >> and of course i grew up sort of in the magazine business and alan at "the wall street journal" among other places. my simple question is this based on what you're doing and we'll get into that in a moment, are magazines as a stand alone product, dead? in other words, do they have to be surrounded by a lot of other digital video conference businesses >> i don't think they're dead. we intend to be publishing fortune as a magazine. zpl and making money at it >> we intend to be making money as a company will the magazine make money >> the magazine makes money now, but no secret that the magazine business has been in decline for the decade it's becoming a smaller and smaller part of our business

frankly, fortune now 40% of our revenue comes from events from we do high-end executive events. >> around the world. >> around the world. 20 or 30 of them that's actually now as much, we make as much revenue off of that as we do off the magazine. >> since you raised the question of the events, which we're in at as well. and so is efb it severyone it s traffic area and i wonder about its sustainability for that reason, number one though fortune has been b it in a long time. john needham, a pioneer of it there. did a great job of building that business it's also highly sponsor driven. >> not for us. >> no. people pay high, people pay a will the to come to our conferences. let me tell you why i think both or conferences and fortune have a long future ahead of them and

by the way, this month is our 90th anniversary we've been around for a while. in a world where things are changing as fast as they are, this new wave of technology that has the potential to reinvent every business, top business leaders near peripheral version more than before a lot of that comes in face-to-face meetings. it's from networking they pay a a lot for that. sponsors pay a lot to get access to them. that is a thriving business for us >> you should know morgan work ed at a magazine >> i did i worked at forbes magazine. >> i have heard of forbes. >> it's a very interesting thing because fortune and forbes are headed in very different directions >> they are, which is my question for you you talked about that 40% of revenue being tied to the conference business, but what does it look like now that you're implementing these

subscription tooer tiers for digital? >> we are getting more and more revenue. more will come from customers. in effect, we are doubling down on our most devoted subscribers conference attendees we want to service them and help them deal with the rapid changes taking place in the economy. force has taken a different direction. more of a mass direction, open up the platform. they're fundamentally different strategies >> what will fortune look like, be like? feel like? going to ten issues a year going back to its historic use of art on the cover as opposed to people. there was a time when fortune became a magazine where it turned business ceos into celebrities. >> i don't know if control room, there you go well done. i was going to see if they'd listen to me >> and they're going to be

themed >> so this is fortune's history. if you go back to february 1930s were done by famous artists. that's what we've done with this issue and what we're going to do mo we want to create a premium book that you would be proud to leave on your coffee table for a month and that has the kind of information you'd want to go back to and peruse a very different change in strategy from the shouting headlines that you put on the newsstand days >> what do you observe in the global economy now >> we did a survey at fortune of investors, high-end investors. said what do you see in 20 to? 76% said they see a recession. 76%. but then we said well how about the market 58% said they think the market will be up so you explain that to me. >> lots of ways to consume fortune's content and continue good luck to you with that

great to see you >> great to be with you in spite of your past >> thanks very much. coming up, big tech versus small tech and how the little gureys a fighting back right now. that's coming up that will shape tomorrow and building workforce development and tuition-free college programs to generate the talent companies need. with a $150 billion investment in state of the art, modern infrastructure, and a nation-leading commitment to low-cost clean energy, new york is doing more than any other state to build for the future of your business. new york state, the state of the future. learn more at esd.ny.gov. to challenge your thinking theand test your execution. but great minds are driven to seek out the complex. they see what others don't, from an angle others won't take. they learn that embracing those challenges

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when you adamson, accounting for 19% of the value of the s&p 500. but that's not the only way big tech is dominating smaller rivals say they're using their size sonos suing, accusing amazon, too, but says it doesn't have the resources to fight both. diedra >> today, the antitrust committee is hearing from several companies that have seen them go from partners to fierce competitors. they're arguing that beyond the lawsuit, the small number of hugely dominant platform players are potentially squelching innovation, the kind that they say gave birth to sonos. they'll hear from tile, the tracking device company. it says apple is acting like a gate keeper in ways that favor its own by quote owning and

controlling the entire commercial ios ecosystem pop socket ceo is talking about an amazon partnership gone sour because of with counter fit. also base camp which sells an online project management tool it's raising concerns about google's search practices. google, apple and amazon have denied the claims, but the next critical question is whether lawmakers can follow through with regulations as you say, this comes on a day when big tech is bigger than ever >> thank you >> here's a taste of some of the other stories we're followinging today. a major shuffle in the world of retail according to a memo obtained by cnbc, walmart is shuffling its executive team after the 2019 holiday season with steve bra bratz set to depart. target said its 2019 season missed estimates

shares of walmart are down today on this news you don't usually see these types of leadership shake ups before solid numbers, but we'll have to see. >> and walmart has had a very nice run recently under its ceo all right, elon musk is comeing to twitter's rescue in a twitter conference hosted by jack dorsey the tesla ceo called in. elon from san diego. first time caller. sharing his advice on improving ing the platform musk recommended that twitter would benefit from elim naughting bots and fake users. had a solid start to 2020 despite today's dip. mr. musk must be a fan of twitter. >> yeah, huge following. not the first person to call for less bots and sort of better guidelines for people that are engaging on there, but we'll see if this one takes it seriously >> all right meantime, up next, the ceo of chime. the company has been raising a

lot of money lately. and spending some of it on a new marketing deal we'll get all the details, next on "power lunch.

welcome back to "power lunch", a i tonight the mavs will begin wearing the chimed logo, a major investment which just raised $500 million , chris britt is in dallas thanks for being with us. we've a tremendous asp of success, and we've historically down a lot online. so it was a natural fit.

but this is not just about direction responsibility advertising. to raise the awareness of the brand. a bit of a new area for us i think we announced about and we're growing at a rapt clip have saves accounts, debit cards, credit cards, checking accounts what

we offer checking accounts, saving accounts, a bunch of service that people really enjoy. >> it takes the account negative if i were to have my check deposited, would it go to chime bank or some bank that is affiliated with chime, and you're my entry point. we have two bank partners, the two partners we work with today. >> are you profitable? >> no, but we could be

the big one we want to talk about, we're so fired up to announce this big partnership and celebrate. i think mark and the team will turn it green for us. >> sounds like you'll have a fun knife. a partnership with the mavs, valuation of 5.8 billion, millions of customers. plans to go public >> not soon. we're very well capitalized. for the short term we're focused on evers that we felt such a great connection with.

mark has been a force of nature i was over at the practice facility with him yesterday. he's just an incredible supporter. obviously wouldn't do a partnership with someone that he wasn't really excited about, and he loves our products and services, eager to tell all his fans about it. it will be an awesome partnership. >> chris britt. >> let's check this out. >> luka doncic will be wearing it tonight. >> who luka hits a is just behis for all-star votes he's number two, just a couple hundred thousands behind if we could get ought cnbc viewers in for luka today, we would be excited about that,

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remember which the house got water away with the balloon? that's what is happens with the market

a lot of earnings they week. 42 s&p companies, netflix on tuesday, a big one to watch. that will be very interesting. stay with us the next hour comes right up >> thanks for watching "power lunch." "closing bell" starts right now. welcome to "closing bell." i'm on the floor of the new york stock exchange shares of boeing are lower, retesting some of those lows on the news of a new but different software program with the 737 max. we're going to talk about that coming up. the rest of the that is correct, though, all-time highs where else would it be we have 59 minutes left of trade. welcome to "closing bell." let's have a look at what's driving the action

home building has surgeoned.