that's decision tech. only from fidelity. good afternoon, everyone welcome to "power lunch. along with rahel, i'm tyler. rahel will be with us in just a moment here is the 2:00 takeout for the record on this friday. we're going to start right now with no more takeout after a year of eating in, people are ready to dine out again. restaurant stocks are moving up. they're soaring. and travel is, as well we are tracking the reopening trade in the economy that's number one.

number two, the reopening trade has been working for stock jesus the s&p 500 up 75% since its pandemic low but we knew, we knew that this was happening. can these hot names continue to run? plus, the battle is on between bernie sanders and amazon we'll talk about that one this hour on "power lunch." >> thank you, tyler. welcome to "power lunch," everyone happy friday the dow and s&p 500 positive for the week but the nasdaq on pace for a fifth down week in the sixth. let's go to bob pisani for more. bob? >> hello it's back again. this reopening trade has kind of waxeded and waned in the last couple of weeks. it's all the cyclical sectors.

steel stocks, energy stocks, global stocks, copper stocks, for example. industrial stocks. home construction. that's the reinflation reopening trade. they're all doing better today after a rough week the thematic tech etfs back up today. we have a broad market advance why tech's doing well and the reopening trade's doing well so everybody loves the lithium stocks and the 5g stocks and the robotic stocks doing well. what's not bouncing? cathy wood, ark innovation another down day can't get a break right now. the s&p, ra thel is right we are positive for the week and the rotation from the tech names, the big growth tech names into the cyclical values continues and then rotating back and forth into the different sectors keeping the market held

together another tough day for a lot of the big chinese stocks and noted all week there's big selling in the u.s. listedchinese names like tencent and some down 20%, 30% this week. new s.e.c. rules this week, a whole brouhaha with nike and china. somebody's deciding that they want less exposure to chinese stocks right now back to you. >> robert, have a great weekend. we are getting closer to a post-pandemic world by all signs and a strong economic recovery to accompany that but the markets and the reopening stocks especially are already up so much so has all the reopening opt optimism been priced let's discuss that now with brian and trader stephanie welcome. let me start with you, stephanie.

on your buy list are a lot of very same reopening stocks that we've seen go up a lot explain why you're still comfortable putting money in them >> for one, the ones that we are talking about they have lagged substantially. marriott up 10% only and tjx and coke is down boeing down from a couple of years ago. they haven't participated as much but seen a recovery off the low and more to go but i would simply say to bob's point the market overall has conso consolidated over the last month by there's been massive rotation and i do think that when you look at the savings rate of 20.5%, the that goes back down to the average of 5% that's 3

trillion in excess savings that probably seen pent-up demand and i think with the consumer being 70% of the u.s. gdp that bodes very well for overall growth and adding discretionary, industrials that's 35% of the s&p 500, greater than technology at 26% so i lean on the consumer side for that reason on the savings rate and the demand but i own the other sectors, as well. >> glad you cleared me up on that, that the kind of recovery stocks you have to be selective, not all the same animals, some are in that category and haven't moved the way others in that category have moved why what is your take on where the market is in light of rising interest rates, inflation fears, maybe all for good reasons namely that the economy is stronger? and what you should i do with my money right now? >> thank you for having us

selective is the word. we're we're huge advocates of active stock picking strategies and so glad she talked about tjmaxx and marriott that we have owned in portfolios for several years and try to best the brands and themes in every sector and consumer discretionary has lagged the market this year which is really interesting but if you look at the individual come poa innocents of consumer discretionary, listen, the consumer is the power in this economy. 70% of the economy is driven by that but spending on technology and communication services area, too, and want to maintain positions there and want to buy the best names and the best brands in every area and maintains positions of delta, marriott, boeing we think they'll continue to do well as the market continues to

broaden out. lastly, if you take a look at value and how it performed, pure value versus value index many stocks in the value index are part value and part growth: looking at pure value, the biggest is financials and long-term financial bulls and love scale in financials and like the big financials the best. >> stephanie, i wonder there's all the pent-up demand but are we -- consumers have a lot more in the savings accounts and do you think we're overestimating that what do you think? >> it's a good question and i don't know the exact answer but consumers especially u.s. consumers love to spend. they always spend. right? if that 20.5% savings rate

doesn't go back to the average i still think a lot of it will and i'm sure you and me and tyler, we are all kind of antsy and want to get out and about and tell you i was at the airport last week and it was a mob scene, absolute mob scene, so people want to get out and do things i believe that we are slowly going to see better visitation rates, better travel, better reservations and as we do that these stocks are still down and out and underappreciated in my opinion so i think, yeah, to your question absolutely i think the consumer will spend. >> stephanie, i am so damn antsy i can't stand it i want do get out! we are done with it all. brian, you say avoid the energy trade even as fashionable as it's been. why are you down on those

stocks >> great question. i think most of this is a momentum play quite frankly. we know that the fundamentals of the sector from a supply versus demand concept has not changed quite frankly. you had to pay to have oil delivered to you as early as a year ago and given the sector i so small, if you're a professional money manager you can have a high tracking error and where the momentum has been. lastly i do think oil prices are heading lower. because of the supply and that's going to hurt u.s. oil in particular we like canadian energy companies better. >> all right brian, stephanie, thank you very much get outside and enjoy the weather. let's go to dominic chu with some media stocks on the move. >> media stocks not just on the move but just getting killed over the last four to five days,

rahel, viacom cbs, we told you that this stock was the single best performing stock of all stocks in the s&p 500. in the last 12 months. it was a surprise to many. discovery communications also up there. but viacom cbs a huge move and you can see just look at how big those drops were in the last couple of days for viacom cbs, 50 plus percent drops from the recent highs for both names and lower, huge for viacom cbs and discovery communications and show you that one here the reason why it's important here, the massive shifts of sentiment again for discovery and viacom pushed up to some degree with the enthusiasm around streaming strategies, about the catch up trade with other companies of disney, netflix on a longer term basis and trying to show a signs of life here. now that we have seen a catalyst

shift viacom cbs saying to raise capital and whatnot helped propel things to the downside. analysts with downgrades saying overvaluation. many of the moves carrying through into the media stocks elsewhere in this ecosystem. amc networks, fox corp., madison square garden all done huge intraday in today's trade so media a darling for the last couple of months, several now, really getting the steam and wind taken out of it in today's trade and the past week. >> one of those downgrades today was wells fargo. and both on pace for their worst week thank you. to the bond market now and rick santelli at the cme rick >> good afternoon, rahel there's talk of inflation. how hot inflation is it's anybody's guess where it will be. one thing we do know is especially the year of year numbers start having comps much

more aggressive and reflect inflation forward in time. today the 10-year break even rate just under 2.4% you can see last time we're up here was 2013. and then if you look at the charts on the screen 5 to 10-year inflation today was at the loftiest level that we have seen and in about five years and you see the chart there. if we look at a week to date of 10s it is somewhat reflected even though down on the week by 7 basis points, up on the session and we have turned a corner and basically we are very near the highest levels since then of course just above 170 last week dollar index having a nice week. at the high levels up almost 1% but you can see that many thought the dollar index going down and maybe gave it fuel for

the recent rally back to you and have a good weekend. >> all right you, too coming up, a rule requiring companies to diversify the boards hitting a roadblock games higher again today after two days of pretty wild swings we'll talk to analyst that downgraded the stock and saying it's not close to $200 a share yes. every analyst does say that but this one is optimistic authebo t future of the company and will make his case right here next on "power lunch."

welcome back games turned lower today after a wild ride following a disappointing earnings call with few details about the plans but not everyone was dismayed from the call our next guest raised the target joining us is michael factor of equity research. he downgraded the stock to underperform and raised the price target to $29 a share. thank you for being with us. you have covered games since 2002 tell us about this call. >> i actually think the company's going to remain solvent, probably grow earnings a bit on their current strategy and then we'll see if rye i

can't be -- ryan cohen has something for them the console manufacturers told us in mid-2019 they'd have optical drives and physical media works until this cycle is over that gives games seven or eight years of runway. they're the only place to go to trade in games and they dominate the used game market so i think that they're here to stay i think people that value trade-ins buy physical media maybe cohen turns the trade-in business in to trade-ins or cannabis or something. i don't know what he plans he actually twreeted yesterday gif of teddy bear smoking a byeong and coughing and either the bears or choking or taking me up on the cannabis suggestion we'll see. i'm not willing to take the

target up to $175. my target is 20 times pretty big earnings number two years out plus cash and real and realistic and cohen said that's bigger great. i'll see if i believe him or not. >> michael, what are your thoughts about the earnings call this week, not taking questions from investors some argue that's a necessary part of being transparent with the investment community >> it sounded to me like a hostage video. it was audio but it was like george reading prepared comments, no remarks, no question ryan cohen came in late last year, said he didn't want a board seat and january 11th and t took over the board. he said he'd have a strategy and

we got here two and a half months later, no strategy. so i think part of the mystique of the stock is people believe in the guy and i think he owes investors the obligation to unveil that strategy a hostage call video with no q&a was really lame. the company has made a strategic error not issuing equity into the strength they claim that they had legal issues with it and should fire the lawyers and hire amc lawyers because they had no trouble issuing equity they said that they're continuing to evaluate what the heck is wrong with them when i say hostage video, what is george sherman playing for? he had 2.3 million shares at $175 right now he's worth $400 million. why is he still there? resign and cash in the stock i don't think it's likely ryan's taking the stock to 300 and i

don't know what ryan was playing for betting in at 8 but i think he's stuck and so i just think the stock will return to earth when the shorts decide that they don't want to play with the reddit raiders anymore. >> i'm going to try to wrap my head around the cannabis play in this i think it's genius. you are saying nice things about ryan and nice things about the company. you think a buck and a quarter of earnings in fiscal 2023 but you are saying that the stock is going to crash down to $29 a share. why on earth would i want to own this stock under those circumstances? what is my long play here? >> you have to buy in to the initial short thesis and i'll use his sake for television

roaring kitty. that's not the name on reddit and he was right that a half or quarter of the stock tied up by insiders and the other overshorted, 118% short and said, gosh, a small increment in demand will drive the stock up to 30 initially and that was right and brilliant and identifying a mismatch in how the short position to play out is brilliant why do the shorts keep coming back they're greedy if they hate it at 20 they hate it more than 175 they'll say enough with the stock and this is the one that's trading way beyond fair value. amc at twice the fair value why that's not crazy this thing is trading at 8 times. it is crazy and the shorts keep

propping up the reddit thesis and been right so far. >> the world keeps warming >> thank you. up next, feeling the burn. as amazon's union battle heats up, senator bernie sanders making a high-profile visit to workers in alabama when "power nc rurluh"etns at emerson, our automation software is empowering pharmaceutical companies to accelerate their production of critical vaccinations for the world. emerson. consider it solved. ♪ ♪ of critical vaccinations for the world. it's not "pretty good or nothing." it's not "acceptable or nothing."

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welcome back to "power lunch" for a friday afternoon. senator bernie sanders visiting amazon workers in alabama, this just days ahead of the company's union vote and tensions heat up on the picket line and online. deirdre bosa has more. >> he's due to arrive in a few hours and amazon hasn't exactly rolled out the red carpet. earlier this week a top executive said sanders talks about being progressive while they deliver with the $15 minimum wage for employees that has e vvolved into a spat whether amazon drivers have to

urinate in bottles due to work environments and amazon twitter says you don't thinking peeing in a bottle is a thing, dow i don't? that opened the flood gates. internal documents surfaced indicating that amazon knows about this practice. there's alleged photo evidence which i will not share here and personally heard from drivers saying it true and a convenience thing and the point is that this is already shaping up to be amazon's most significant labor challenge ever in the u.s. nomatter what the outcome of the vote is next week this is played out in the weeks ahead and could threaten the efficiency of amazon and bernie is set to arrive around 4:00 p.m. today and i'll see if that sets offer a firestorm on twitter, what happens with the workers, amazon's response and this is far from over. >> the voting, d, doing for

quite a while as i understand it when do we expect to have the final results, number one? how many employees are being polled here? >> i believe there's 6,000 employees in that bessmer, alabama, warehouse to vote there's a lot of questions about the ballots and what's going to actually count voting closes on the 29th. we're told and that's just next week we are told it takes time and regardless of the outcome there's going to be appeals from whatever side loses in the outcome of that vote like i said, this is going to play out over the weeks and months ahead because the vote closes next week doesn't mean that the saga is of. remember that senator sanders is only the latest politician to visit the warehouse and a steady stream and heard from the likes

of president biden supporting workers' rights to organize so this is really becoming a nationa national issue and what happens here is going to be incredibly important for the labor movement and for amazon's efficiency. >> thank you very much rahel? ahead on prou"power lunch" vaccinations continue to climb in the u.s. and covid cases. we'll break down the major industries on the line, travel and restaurants. "power lunch" will be right back

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i'm courtney reagan. north korea says today its ballistic missiles launches this week were a demonstration of tactical guided weapon, the government's news agency said the missiles accurately hit a target 370 miles from the coast. the launches appear to be a new provocation for the biden administration which is reviewing how it wants to deal with north korea's weapons program. the world health organization says its report on

the origins of the 234068 coronavirus is being completed and expects it to be released in the next few days. former cdc director redfield tells cnn he thinks it's a virus that escaped from a government lab in wuhan, china. a swearing in today for a new deputy treasury secretary. he was serving as president out nonprofit created by former president obama and his wife michelle back over to you, tyler. >> all right fascinating stuff there on the virus and its or generals. we'll see what happens there thank you. let's look at the marchts as we wrap up the week why the dow higher the s&p 500 also about half a percent higher and nasdaq has it's been relatively regularly in recrent weeks moving lower russell 2000 after the choppy

days this week back on the positive side. let's show you viacom and discovery. they had been halted for a volatility very briefly and there was some volatility, ladies and gentlemen you can see right down there down 31% today alone for viacom and 31% for discovery. viacom is 45 a share right now those stocks back open again after being closed for volatility the oil market closing for the day. let's go back do dom chu at the cnbc commodity desk. is there anything you don't do >> trying to wear hats today but going from talking about the big move in media stocks to oil and gas stocks right now, how long could the disruptions in the middle east last traders trying to grapple with that right now and seeing the prices bid up, u.s. bench mark

prices and it's been what's kind of driving the volatility in oil markets with the key canal blocked with the massive cargo ship with tankers stuck waiting. that along with fears over how lockdowns and restrictions in europe to translate have had oil on a ride this week. also earlier this afternoon oil services firm brent crude said active rigs is down. i'll send it back over to you. >> thank you. let's pivot back to the virus. vaccination rollouts continue here in the u.s. number of shots reaching 131 million and not only thing climbing because cases are, too, with the u.s. crossing the 30-million case mark

the path of the virus is concerning meg tirrell has more meg? >> hey there we are hearing that cases are risinging in certain parts of the country. now the 7-day average of new daily cases more than 57,000 up 6% from the week before and of course this is not happening across the country certain states seeing more spread than others this, of course, as president biden announced yesterday to expand the goal for the number of vaccinations being done in the first 100 days now to 200 million that's double. they say they have to stay on a pass of 2.5 million doses add menstered every day here and today they set a new record, 3 hadn't 4 million total shots administered so keeping that pace they hit that goal of 200 million in the first 100 days. there is some evidence emerging that the vaccines are taking

effect and having a positive impact if you look at hospitalizations among people over 65 these are charts that you can see the orange line declining faster than the blue line, people under 65 and people of older ages are more vaccinated than people younger so this could be showing the impacts. you can see it when you look at the numbers of dearths in people 65 and older the middle is hospitalizations and now 42% of overall hospitalizations down from 50% before vaccines were available and deaths to 77% of all deaths among people 65 and older down from 85% pre-vaccine so we have seen the evidence from other countries like israel, starting to see some here, too. >> good news from israel i wonder with certain places like france and italy shutting down again if we're maybe experiencing the same things is it more people needing to get vaccinated or maybe us scaling

back our reopening plans >> the pace of vaccines is tremendously important and major concern that we are opening too quickly, particularly whether the variants are out there and the message is we're so close to the end. hang on. get the vaccine as soon as you can and practice public health measures as long as you can. >> worth repeating, thank you. >> thanks. as more people get vaccinated, summer travel is starting to heat up. according to the travel app hopper, domestic bookings up this march compared to 2019. top u.s. destinations are orlando, las vegas and honolulu to name a few. and those cities are all in states seeing a huge surge in vaccinations administered over the last sconcern days haley berg is with us from

hopper why do you think boogss is up over 2019 which was not a pandemic year? >> we are seeing an incredible surge of demand across the hopper app and globally and that bookings surge is coming from the pent up demand from last year so it is not just people looking for a traditional summer or spring break trip there's built demand from the last year and maybe a little bit more money in the wallet for those able to save in the past year >> could the fact that these bookings risen so much in that two-year period be attributed in part to the fact that your app has become more popular and better known and might expect to see bookings go up >> yeah. we are seeing a higher booking rate on the hopper app because we are growing as an app by if you look at global search demand for travel in the united states, anywhere, we are seeing that search demand volume surpass

2019 levels and back on track with the year over year growth we have been tracking since the late 1990s. >> a lot of the domestic locations seem to be leading the way here and a lot of them are the ones to expect, orlando, hawaii, the west coast of florida, mieleami and so forth are people staying away from europe >> we are seeing interests trends with international travel typically this is the time of year where people are planning bucket list vacations to europe, paris, london, but that demand is shifting locally and shifting to the caribbean and mexico, more so than international destinations. >> and this would be for summer travel to the caribbean which is really offseason for them. summer travel to those destinations opposed to europe mexico obviously doing very

well there's tremendous amount of pent up demand are you seeing that manifest in other maybe nontraditional travel destinations, as well in other words, is business travel picking up? is travel coming back to places that you might not think of as touristy >> we're certainly seeing a change in the distribution of popular destinations typically at this time of year europe is extremely popular. instead demand is shifting back to the domestic u.s. and many unique destinations within the continental u.s., national parks, montana has become a hot spot for domestic demand because of the national parks there. so the structure of where people are looking to go this spring and summer is certainly changing. >> yeah. i saw on your list calaspel, montana.

i love montana i would spend -- a lot of the summer there if i could. thank you very much. we appreciate it. >> meantime my time line is full of people in mexico so i, too, am itching do get somewhere and what about the restaurant industry casual dining struggled before the pandemic and then the shutdown seemed like a final blow will the vaccine rollout and a summer reopening provide a shot in the arm for the industry? kate rogers is here with more. >> casual dining seems to be getting a boost on the notion of the demand and some extra spending money that boost also moving stocks higher look at this chart, some of the best year to date, not the quick service restaurants of 2020. it is all casual dining. all the biggest gainers year to date and their one-year moves are more impressive. there's a projection of overall

same store sales down in this year compared to a drop of 13.1% last year in the same quarter. in march same store sales up 45%. the firm citing many factors of cases of covid declining and springtime weather there's strength in texas roadhouse and car den is the parent of olive garden out with a better than expected report with sales above 2019 levels so far in march at some low kagss and also announced it would spend $17 million on one-time bonuses and pay raises for the workers getting to $12 an hour including tips at 2023 and an analysts said it could be a new golden age back over to you. >> one thing that we hear from the restaurants like chipotle and shake shack is digital

investments. how much is digital and tech playing into this? >> it is more and more important for the casual players with own apps and loyalty programs. darden said opinline is 19% of h sales. getting people more engaged with all of those programs and more used to ordering delivery digital with the casual name that is you usually reserve it for chipotle or pizza. >> thank you. small caps are having a volatile and up more than 10% for the years. that one is next when "power lunch" returns flexshares are carefully constructed. to go beyond ordinary etfs. and strengthen client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com

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we see breakthrough medicines getting to patients in record time. at emerson, our automation software is empowering pharmaceutical companies to accelerate their production of critical vaccinations for the world. emerson. consider it solved. welcome back to "power lunch. small caps shedding the bulk of the gaens and tracking for a losing week. craig johnson and danielle shay are your trading nation team

today. welcome to you both. craig, what are the charts telling you? >> the charts are telling me that i don't think that this little selloff you have been seeing here in small cap land is the start of something larger. when you come back and look at the chart you can see you're still in an uptrend and i think the combination of rising interest rates are going to continue to put pressure on the large cap stocks, perhaps seeing money coming back boo the small cap world so i think we are going to continue to see that plus the combination in mix of more financials inside 069 mid to small cap indexes to push this index higher and every little pullbag to see over did last year back to the trend line is a reason to buy it and stick with the small cap trade for now. >> any specific names you like >> yes, definitely in this space right now what i'm looking for are companys that are innovative, not only survived but thrive in the overall pandemic

i'm looking for software as a service company, ai, within the cloud space and a couple of names that i really like are going to be appn, yeti, medp, crocs and we have a mix there, some innovative but overall these are companys that are great in the small cap space. >> all right we'll leave it there for more trading nation follow us on twitter our at our website. tyler? amid the social issues over the past year and conflict and calls for more corporate diversify many companies made promises to help fix the system. how have they done so far? we'll discuss that next. >> and now, the latest from trading nation.cnbc.com and a word from our sponsor. >> a double top is a chart pattern that suggests an uptrend

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welcome back the nasdaq putting forth a proposal to the s.e.c. the objective, to require companies listed on their exchange to have at least two diverse directors, but now the commission is delaying the action leslie picker is here with more. >> that's right. it was initially hailed as this progressive bold move by the nasdaq the recommended objective for each of its listed companies to have at least two diverse directors on their boards. if not, the companies just had to explain why the rule garnered support from facebook's coo sheryl sandberg, mull dehobson, kewsong lee and a group of democrats and more. they argued corporate boards should be more diverse but there were detractors as well including republican senators on the senate banking committee who argued that the nasdaq was operating out of its

scope and the rule would interfere with a board's fiduciary duty to shareholders arthur leavitt argued a similar case in a recent "wall street journal" op-ed in response to the criticism the nasdaq last month watered down the rule a little bit. it also means the proposal won't be sailing through the s.e.c. with the agency deciding to take a few more months to review its implications, guys. >> leslie, it's just a recommendation, right? >> just a recommendation. >> and if you can't make it, you have to explain why? >> you have to explain why it's almost as if you're disciplining a child to finish your green beans i recommend you finish your green beans. if you cannot finish your green beans, please explain why. >> some might argue it's too rigid. others might argue it's not going far enough to women, but what about racial diversity, what about sexual orientation, so what are your thoughts about that >> that's ight

that's a big part of the criticism we've seen as well, this idea that not just as we mentioned from senate republicans and others who say that the nasdaq is operating out of their scope here, but some people are arguing that this actually hasn't gone far enough because it limits it to two, one of whom has to be female the other can be someone from an underrepresented group such as lgbtq plus, racial minorities or women. so they're saying that kind of marginalizes racial minorities who have had a history of being underrepresented for a wide range of reasons an doesn't do enough to support their plight in the board room. >> i know you mentioned that diversity on boards does assist with governance, but there's also data to support that having diversity certainly among your workforce even assists with the bottom line, that those companies tend to be more profitability anyway so there is, i think, a case to be made financially as well for a company to work to be more diverse. >> that was certainly the argument from the nasdaq side of

things this helps the performance of firms and helps everybody to have a more diverse workforce, even things that you can't even measure, things that are just diverse perspectives so you can flag potential issues that might come up. it's a good way of checks and balances that said, there are some various forms of research that show it doesn't really have an impact that said, i have yet to find any research that says it's a bad thing, that actually having a more diverse board is a detractor of performance and is a negative for a company and so that's something that hasn't quite made its way into this debate. >> recommendation a good start nonetheless. >> exactly. >> we'll leave it there, leslie. thank you. >> thank you. >> tyler. folks, stick around, we'll get you a check on the markets for at least the 2:00 hour this week don't forget, you can always tcorisn to us live on the go on the app. we'll be right back. hey, dad!

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all right, let's give you a look at the markets before we hand it off to "the closing bell." with the dow up almost 200 points as you see right there, it's about two-thirds of a percent. the s&p 500 also up about two-thirds of a percent. nasdaq as it has been lately trailing, down about a fifth percent and the russell 2000 back in the green today at 2,211

>> viacom and discovery halted today. we saw dominic chu earlier in the show viacom march 15 mt was $102 a share and it's now on pace for its worst day ever. >> this has been so highly eventful because of the downside catalysts. we heard about the valuation calls earlier in the week. analysts saying perhaps it's gone too far too fast. then we heard viacom did raise capital, a $3 billion common stock and preferred stock at $85 a share. i remember two days ago watching "fast money" and seeing rich greenfield talk about this idea that these companies should be looking to raise capital because they need that money for streaming content in the future. so you can't blame a company for wanting to raise money when

their stock is elevated like it has been. >> you have to wonder if you were in viacom a week ago, do you get out and cult your losses here or pray and hope that it comes around >> what's crazy about this, there has been technical factors. these were short interest type stocks in the past as well so watch those. >> okay, dom, thank you. and thanks for watching "power lunch. >> great to be with you, rahel have a great weekend let's toss it over to wilfred and sara for "the closing bell." >> thank you so much i'm wilfred frost along with sara eisen stocks looking to close out a volatile week on a high note the dow and s&p 500 off their highs a little bit as we head towards the bell the nasdaq lower as you can see. let's have a look at the action. investors are digesting a number of pieces of economic data earlier consumer sentiment rose to a better than expected level in march and a key inflation metric matched estimates, perhaps easing some inflation fears.