one step closer to a better tomorrow. hey, it's good to see you. the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. cisco. the bridge to possible. good afternoon and welcome to "power lunch. courtney will join us in a moment here's what's on tap the s&p at a record high to close out the first quarter. so what's your best bet for the second quarter we'll break down the trends this hour dozens of black executives

are calling for corporations to fight back against restrictive voting laws in georgia and in many other parts of the country. the ceo of coca-cola will join us to respond. "power lunch" begins right now >> welcome to "power lunch." stocks ending the first quarter with more gains. all three major averages on pace for the fourth straight positive quarter and the nasdaq which had been lagging is up almost 2% today. 1.8% right now while the s&p is hitting a record high. let's bring in dominic chu for more of the big movers >> i can almost reach out and touch s&p 4,000 right now. the s&p 500 up 6%.

nasdaq up about 3% for the s&p 500, the intraday high so far is 3994. keep an eye on that. literally 6 points away from the 4,000 mark the nasdaq helping to pace gains today and see if the technology growth trades accelerate to the closing bell or lose steam take a look at the quarter and year to date basis energy and financials are doing very well and continue to do so. the two best performing sectors this year. every sector in the s&p in the green this year and look at technology, the third worst performing sector up 2.25% and just to juxtapose the best and worst, technology the most important, heavily weighted sector in the s&p. the themes with regard to the moves in stocks individually, marathon oil, american airlines, simon property, all three

characterized as part of a covid reopening trade. marathon oil, people get back to traveling. american airlines, people travel again. simon properties, they own malls. some of the outperformers on the s&p and check out the others on the year to date basis an ensee the technology themes playing out. chip companies on among the worst performers in 2021 and if you look at the way things play out in 2021, maybe courtney knows this, l brands up 66% so far. back over to you. >> thank you very much. with the first quarter wrapping up today cnbc has released results from surveying contributors, wall street equity

strategy for q2 quarterly stock report and let's bring in dan suzuki the survey asked what the people think is the most crowded trade right no 41% said bitcoin 32% said big tech. 21% said cyclicals and 6% say small caps what say you >> i think they have it backwards but think about the magnitude of the buying volume you've seen in tech over the past decade it dwarfs what you see in bitcoin from a size p perspective and the reflection of big tech there is really sits at the cross roads of the three big themes of everybody's portfolio today, u.s. over international, large caps over small caps, tech over everything

else, that's what everybody owns when you consider that, the breadth of that ownership and think about the average ownership of bitcoin and an average person's portfolio, it is not even close. it's not to say that bitcoin is not -- more speculative and out of touch with reality but from a question -- the way the question is worded to me i think tech is more - >> can't get past the idea of broader ownership and acceptance of technology, especially given the money made there over the past half decade we also asked over the next 12 months would you rather buy jpmorgan, morgan stanley, paypal or square. 0% say square. that's surprising you? >> maybe it's a little bit

surprising but i can't say i disagree i guess it's the cnbc viewership crowd is very astute as a macrofirm we are not really focus on differentiating different stocks and the top bank is 96% corelated with the rest of the sector and the broad sector and the industry has good themes going for it. we focus on profit, sentiment and the profit story, it's got a lot of positives aspects we have the liquidity and rising interest rates, it's supportive yet trade at cheaper valuations so i think that's the way we think about not to mention the flood of liquidity to drive capital markets activity, as well. >> dan, there's a lot going on in the markets, stimulus

obviously has been helpful the fed is extremely supportive but there's always risks so as you look at the market from a broad perspective, what should investors be most on guard for >> courtney, the biggest risk out there and i think this is well-known is if you look at the market clearly there's more and more signs offroth and the market's certainly not cheap here and probably the biggest risk but valuation is a terrible times indicator and the best thing that investors can do to minimize the risk and the more expensive this market gets to emphasize avoiding those frothy parts of the market. so that puts you in the same trade of buying the biggest beneficiaries of this recovery as the best winners and runway there and avoiding these crowded

parts of the market that hit the survey that first question. >> dan, thank you very much for running through that with us pretty broad based segment. president biden is departing the white house moments ago heading for pittsburgh, pennsylvania, where he will unveil the infrastructure plan includes more than $600 billion for transportation $300 billion for manufacturing $100 billion for broadband and $180 billion for r&d but we have heard plans before so will this one happen? if so at what levels hi, ylan. >> hi, courtney. the white house is framing this as a once in a century capital investment paid for by tax increases on corporate america that money includes 20,000 miles

of roads and highway that is will get fixed, building and retro fitting 2 million buildings and reaching 100% broadband coverage the trade off is higher taxes or the administration calls made in america tax plan because it's supposed to incentivize american hiring and manufacturing at the center is an increase of corporate rate to 28 prts and propose a 21% minimum tax on foreign income and a 15% minimum tax on book income for large companies and invest in the irs to ramp up enforcement the white house says it wants to work with republicans on this and senate minority leader mccon ned said that president biden called him yesterday to brief him on the proposal and he is unlikely to support something that adds to the debt or includes massive tax increases so that means that democrats may have to once again go it alone back over to you. >> what is your reporting tell

you about the time line to get this done? especially as we look at the house. >> yeah. so i am told by a source that house speaker nancy pelosi set a soft goal of july 4th to get something passed through the house, though that deadline could certainly slip but it just speaks to how quickly they want to move on this. the imperative they feel to deliver something and deliver this legislative priority and what the white house is calling the urgency of the moment. they know they have a lot of sort of wind at the backs with the passage of the covid relief package and want to translate that political capital into another win on infrastructure, clearly still a lot of negotiations need to be taken place on capitol hill, especially over things like the s.a.l.t. cap >> a lot of big numbers in there, thank you very much. all right. still ahead, a group of black

executives leading the charge to protect voting rights. we'll hear from the ceo of cola cola for his response. cracks in the housing market starting to spread with rates on the rise we'll talk to the ceo of homebuilder taylor morrison. we made usaa insurance for members like kate. a former army medic, made of the flexibility to handle whatever monday has in store and tackle four things at once. so when her car got hit, she didn't worry. she simply filed a claim on her usaa app and said... i got this. usaa insurance is made the way kate needs it - easy. she can even pick her payment plan so it's easy on her budget and her life. usaa. what you're made of, we're made for. usaa.

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dozens of prominent black business leaders in america

calling for companies to fight georgia's controversial voting legislation. the two men behind the effort, merck's ceo and former american express ceo weighing in earlier today on "squak box." >> this is a call for action what we have heard from corporations is general statements about their support for voting rights and against voter suppression but now we're asking put those words into action and we're asking corporate america to publicly and directly oppose any discriminatory legislation and all measures designed to limit america's ability to vote. >> what we do is we raise the spector of voter fraud and now we restrict legal voters, eligible voters' ability to cast ballots and that's what's wrong

with this bill because democracy depends on every voter in this country having free and fair access to vote without discrimination and without undue hindrance. >> their call to action targeting georgia-based companies they feel have not taken a firm stand against the legislation. joining us is sara eisen with ceo of coca-cola james quincey. >> thank you for joining us. i'm eager to hear your response as a big company in georgia to the call from ken and ken more than 70 black executives to do more to directly opposed the georgia legislation. how do you react >> yeah. no i completely agree let me get crystal clear the legislation is unacceptable.

it is a step backwards and it does not promote principles we have stood for in georgia around broad access to voting, voter convenience, about ensuring l election integrity this is a step backwards we promote within georgia better society and better environment and this is a step backwards and our position remains the same. this legislation is wrong. and needs to be remedied and we'll continue to advocate in both private and even more clearly in public. >> so you're clear now, james, but there are questions as to why urn not this clear after the law passed, before the law passed i know you said you were disappointed but why didn't you come out publicly and oppose it before >> we have always opposed this legislation. we have a long track record of

working in georgia with alliances, on our account, with legislators, stakeholders. we were doing so again this time but the result of this legislation in an era that's particularly sensitive for georgia did not resolve it in something we believe that's acceptable for the citizens of georgia and coming out more clearly saying that this is wrong and needs to change. the reality is many things are improved and done and achieved in private without having to take a public stand. in this case it's not worked clearly and so we're being more forceful in our public position, even more than we were earlier this week and will continue to advocate for change in georgia. >> does that extend to how you'll think about political donations? your company supported thousands of dollars given so some of the

bill sponsors and other legislators in georgia how do you plan to put action if at all into those words? >> we have already earlier this year before this legislation appeared, all political giving through the company's pac and will continue to think about how we use our dollars to promote the things we believe in and promote the company and voter access will be one of those things as we did to put money behind the hate crimes bill that also passed in georgia. >> you say you have decided now, james, a take more public and forceful stance against the legislation. is it driven by the boycotts of civil rights activists because you did not take a firm enough stand. >> the change we're making is because the legislation passed

we were working along with many others to get legislation we thought would be a step forward and it is not. and now that it's passed we are coming out more publicly of course, people are entitled to use the wallets to express their voice on many different aspects they believe are important but what we're focused on now is that the fact that the legislation passed, it was rushed, there was not good process and not profound and deep enough to think it through and an unacceptable piece of les so now we focus on advocating and trying to get it changed. >> what specifically in the legislation are you looking to have changed >> i think one has to go deep into the -- there's a lot of line items, pieces, series of items on access to drop-off ballot boxes, the officials set up, to even people call out the

giving out of food and drink we are certainly not promoting our drinks on election day but a set of measures that need to look at individually in the context of how georgia actually works and actually set up and then collectively and needs to sum up to a step forward. >> i think one of the other problems and ken frazier noted this concern for some that oppose it is that we're seeing more of this more than 200 measures in 43 state legislatures announced and looked at since president trump made the false voter claims about fraud in the 2020 election what is your message to other companies right now and other states that might be weighing these bills? >> it is certainly the companies have to look at what's their purpose in life and their values and companies cannot participate

in every political issue voter access seems a fundamentally cornerstone of democracy and should be a less political issue. it is very important clearly our focus will be on georgia and then of course engaging in what will be also a federal level debate. >> a lot of people are drawing comparisons and contrasts to what happened a few years ago in your state where there's legislation on the table, did bathroom bills you and so many other companies took a strong moral stand opposing the bills made threats that you were going to pull business and jobs and hollywood said they wouldn't film in georgia and it worked. what do you tell people who wonder why we are not seeing the same response from you and others in corporate america now that we saw a few years ago? >> i can't speak for everyone.

certainly in our case whether it be the bathroom legislation, the hate crimes legislation or this, we have been having a clear voice with legislators on matters and bills that we think are important to georgia, to atlanta and the goes to the heart of the values of inclusion that are the underpinning of the company and the co-brand and make our voice heard. >> just a broader point about all of this, james in 2021 as a ceo, as a company you have to take stands on politics, social issues and social justice and you have. how tricky is that when you're a consumer company that tries not to alienate the customers and wants to do the right thing? >> yeah. this goes back to the central idea, you have to be clear on

what the company stands for. what are the core values what is central to you you certainly get involved in every issue in every state at a federal level but the ones that are important to the company, we are one of the most diverse companies in america, whether the consumers that enjoy the products, the customers, the board, the leadership and the employee base. we're a very diverse company and will continue after many decades of working on inclusion, not always perfectly but we are going to continue to stand for those principles in georgia, in the u.s. and we're going to continue to focus on those issues because they're most core to the coke company. >> james, thank you very much for clarifying your position and for coming out today on cnbc and talking about it we appreciate it. >> you're welcome.

>> thank you. >> back over to you. >> thank you for bringing him to us a fascinating conversation and very hard topic and you questioned him thoroughly on it. don't miss the race and opportunity in america special tonight at 8:00 p.m. eastern time with the rise in abty asian violence in the u.s. we'll look at the economic and social challenges facing the asian-american community and talk to business leaders about potential solutions to move forward together. the s&p at the all-time high, nearing 4,000 for the first time ever as chip stocks helping to lead the way today. we'll have more on that after this in peytonville, there's lots of ways

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time now for today's power movers the marijuana stocks getting a boost as new york state legalizes recreational use and will take sometime of course for the state to set up an infrastructure for legal marijuana saling but you can see the shares are higher by 3% on the news. chewy also higher after beating on revenues and posting

a profit when a loss was expected shares higher by more than 6%. moderna higher, as well. 90% efficacy after one dose and pfizer data shows 100% effectiveness in younger teenagers also adding to the optimism over to you. >> thank you. ahead on "power lunch," applications the refinance homes dropping with pending home sales so now what does this mean for the housing market plus, the retail rush is on with more money in the consumers' pockets and people heading back to work and to the stores which companies are ready to jump on the reopening trend. more "power lunch" after this icbrk. cisco. the bridge to possible.

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of uninterrupted recording. all powered by reliable, secure wifi from xfinity. gotta respect his determination. it's easy and affordable to get started. get self protection for $10 a month. welcome back i'm rahel solomon. delta air lines will start selling the middle seats on the planes again starting may 1. they have been blocked delta is the last airline to remove the restriction and said that having more people vaccinated makes the move possible the cdc reports today more than 150 million doses have been

administered and says today that early data shows covid-19 was the third leading cause of death in the u.s. in 2021 behind heart disease and cancer did death rate increased almost 16% from the career before. brazil, a record 3,700 deaths yesterday as cases continue to surge there. in an effort to keep up, cemeteries are holding funerals at night so far only 2% of the country's population is fully vaccinated and due to a shortage of shots. and in the uk conditions are much better. queen elizabeth ii resuming public appearances it is the first time she's been seen this year in public back to you. >> all right thank you very much. sxwr interesting to see the queen. all three major indexes in the green and most notable is the s&p 500 within 10 points of

4,000. will we get there today? well, we'll find out we'll see. and as you see there the nasdaq is up nearly 2%. court? >> close to the 4,000 mark. the oil market is closing for the day. let's go to dominic chu at the cnbc commodity desk. >> in the last 10 or 15 minutes we have breaking news out of france where the french president announced an extension of the lockdowns for three weeks. you would imagine that drives energy prices lower. wti crude below $60. 2% declines there. again near the lows of the session right now. world ice brent crude futures down and energy stocks a worst performer down .5 pi% in trading today. near to longer term wti crude off that mark but still fairly

range bound and something to keep an eye on as well take a look at elsewhere in the energy patch you can see some of the names that are starting to move around in this kind of a setting. the sed lines that are driving the action right now, you have the opec headlines, lowered the demand forecast just crude inventories also posted a surprise drop by 876,000 barrels. stockpiles down 1.7 million and some headlines key, tyler, to what's driving the oil trade back over to you. >> thank you. home prices are jumping across the country add to that rising mortgage rates and houses are a lot more expensive to buy so how is that playing out in the sales numbers? let's bring in the beautifully framed diana olick in front of a beautiful weeping cherry in d.c. di >> it is the season. it is an epic shortage of homes

for sale that caused pending home sales in february to drop nearly 11% from january. pending sales measures signed contracts so people out shopping during the month when mortgage rates did climb pretty sharply but the realtors are blaming these weak sales mostly on supply and nearly 30% decline from last year that's the largest annual drop ever and the lowest supply ever. sales are now varying dramatically by price point because the supply is lean and the realtor's chief economist said homes between $500,000 and a million seeing the same low inventory problems sellers are most busy this time of year and 20% fewer homes newly listed this march than last march and people are probably l afraid to sell too quickly and not find anything else to buy. >> do people just not want to

move is it simply that, diana >> it is the fear of not finding something else they can afford and a fear of not particularly wanting people in the houses covid isn't over yet. >> right. >> it is also just they don't know where to price it at this point. >> yeah. fascinating stuff. thank you. courtney >> to follow along this, is this record low supply combined with higher prices and rising rates a triple threat to the housing market let's get the insight from sheryl palmer chairman and ceo of taylor morrison thank you for joining us this is certainly not a new trend. we feel like we talked about this for a long time you are a homebuilder. are you out there ready to add to the supply? >> well, thank you for having me today. diane is exactly right what we are seeing in the market is not a demand concern but one of supply. and that would be both on the

new home as well as the resell market so yes, we came in to 2021 with really a record backlog of about 8,400 home just i think up year over year around 86% and adding inventory in the communities across the country, as well. >> so when you're talking about the communities across the country we have been talking a lot about sort of the flight from cities to the suburbs as more of us have been working from home in the pandemic and expect to continue that trend to some degree and homes become offices, the gyms. what are you seeing when it comes to where people are wanting to live and then where you're needing to be building? >> it's a great question and we're seeing demand across all of our geographies across the country. we're seeing it across all consumer groups and diana talked a little bit about the low inventory with that first-time

beer we actually are seeing that across the consumer sets people are -- they learned about the house through covid and seeing a number of different reasons for this we are seeing people that need their home, you know, they need more space, additional spaces. it could not have anything to do with covid, growing families but people have more flexibility today because they're not having to go into the office. so we're certainly seeing people move further out but what's seems to be of most important to our customers is, one, the spaces that you were talking about. two is good technology in their home and three is really the feeling of health and safety that's why we introduced our tm live well, a suite of healthy features to the homes that are standard. >> sheryl, how are rising input costs most especially lumber

affecting your business? how you have to price your homes and do you expect those price hikes in lumber and other inputs to persist >> yeah. lumber has been a little bit crazy over these last few moths. the good news is we believe it's plateauing the futures are directionally correct. it's still very, very high levels we're seeing pressures across the entire change so we're seeing price pressures, seeing labor pressure this is what we do we're always focused on it seems like a certain part of the schedule right now given some of the pressure on plastics probably have the greatest exposure and always something and it is our job to resource it, look for alternative methods and generally the teams do a really nice job on that

but of course there's some cost pressure that's associated with one the demand that's out there today. and the covid impact weather impacts. the gulf impacts. >> is that gulf impact, are you tal talking about the suez thing or do you anticipate that it will affect you >> right now not really. i think we have seen -- probably the greatest impact is one of transportation you're probably hearing about shipping containers. we have some commodities that are on some levels of allocation but honestly we work through it. i think cost of transportation, you were talking earlier about the cost of -- what's happened to energy, gasoline, having a small impact, but we have to recognize that we have the offset today of very, very low interest rates historically low interest rates even though we have seen some pressure over the last quarter.

>> sheryl, very quickly, i want to pick on that point because we talked about supply but are you saying that interest rates are low and that is not so much of a deterrent for a buyer of your home >> you know, i think it is really important to that in perspective. we are still seeing historically low rates. and i'd say housing is a bright spot in the economy today. maybe the best way to illustrate that is a year over year example. if i were to take $400,000 mortgage and i look at today's rates, which are still lower than 12 months ago, last year when we were seeing rates around 3.5 we thought this is amazing imagine that 3.5% interest rates but seeing the historically low rates certainly at the end of the year what we compare to is

unprecedented times but today the consumer on that average $400,000 mortgage still has about $17,000 more in buying power than they did a year ago and in fact, probably have a monthly mortd payment nearly $75 a month less so we have seen some pressure since the end of the year, no doubt, but our buyers continue to look for the most house they can have and certainly the greatest pressure is on that first-time entry buyer but fha rates are still well under 3%. >> right very interesting, sheryl ceo of taylor morrison, stay close and come back soon. >> good to see you take care yourself. to the bond market we go and rick santelli tracking the action at the cme. >> wow what a quarter it's been for u.s. markets if you look at a month to date of 10-year note yields, up 33

basis points 30-year bonds up 26. why? the fed is down playing inflation. we were talking about housing. anybody see "the soujournal" th morning? phoenix up over almost 16% if we look at what's going on overseas, minus 29 if you look at foreign exchange, dollar/yen at close to 0%. on the dollar index up 2.5%. these are massive numbers and of course that's because we have some massive horse power 1.9 trillion tyler, back to you. >> all right rick, thank you. one of the big stories in the market for the first quarter with the rotation from growth to

value. finally big name tech stocks like amazon, apple, netflix set to have a down quarter and energy names were the big winners so which should you bet on in the second quarter trerwi tl u xtne

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welcome back to "power lunch. we close out the first quarter of 2021 take a look at the best and worst performers so far this year among the best, l brands, marathon oil peloton, mmd and take two interactive lag. let's ask the trading nation team delano, would you rather take profits from the winners and putt the money into some of the first quarter losers or what >> hey, tyler. i would hedge. for the winners i like american airlines airline prices increasing.

american airlines with an amazing quarter and i think continues. take two interact ive is something of a great story with the pandemic and seen people at home but not reflected as much in the share price and the remastering games, grand theft auto, for the new systems released and an opportunity for people that think long term and a great story behind it. >> what would you be inclined to do here? >> you have to sell the value. you take those gains and look at the beaten up growth names out of the list i like amd with the best prospect. micron reports tonight but in growth i go with facebook. out of the faang names, that's the champ. 13, 14 times forward no debt. so i think you book those gains in value look at for a trade in value. >> we appreciate it.

for more trading nation head to the web side or follow us on twitter. courtney shares of lululemon falling today after a very strong earnings report. concerns that people start going out more and wearing yoga pants less maybe. we'll discuss that trend and look at impopossible disruptions we'll be right back. >> and now, the latest from trading nation.cnbc.com and a word from our sponsor. >> over bought and oversold indicators are generally used differently. look to buy a range bound market when an oscillator falls into oversold territory and then m vers back above it i'lee bohl and schwab is the better place for traders

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all right folks. on the final day of trading of this first quarter of 202 1, the nasdaq which was the laggard so

fa are is leading the way up 2% and the s&p hitting a record high and ten points or so of more than that, my goodness of 4000 when we come back, we'll take a closer look at retail, which has been a big first quarter winner. the xrt retail etf up nearly 40%. stay with us and in an emergency, they need a network that puts them first. that connects them to technology, to each other, and to other agencies. that's why at&t built firstnet with and for first responders the emergency response network authorized by congress. firstnet. because putting them first is our job.

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shaped by technology and human ingenuity, we can make it work for you and your business. lululemon reporting a big beat for earnings. as vaccinations continue and people return to the office, will we ditch the business on top and casual on the bottom for

video calls while wearing a dress and sweatpants shares of lululemon and makie both down after posting massive gains in 2020. the ceo of lululemon still thinks people want to sweat and stay active pandemic or not. joining me is retail khan list and managing director johner can nan. i want to get first of all to why shares of lululemon are down a full strong quarter and full-year outlook revenue was stronger than analysts hoped, earnings lower, they want to investor in mirror what's going on? >> tremendous top-line guidance for the year out of lululemon and certainly demand across their products were incredibly high analysts have to take their earnings estimates down for this year related to significant s&a investments related to mirror.

sg&a dollars will be over $470 million this year, much of that is related to mirror mirror is 3% to 5% diluted to earnings this year a lot of costs related to mirror, in a competitive market at-home fitness with peloton, apple, nike training clubs, so you have to invest to compete. >> that is pretty significant to take down earnings that much for mirror, representing right now only 5% of revenue i know that they have big expectations for revenue growth to be up as much as 65% this year, but do you think that's the right place to put the investment as it's such a small part of the business right now >> i think calvin and the team see a huge opportunity with the home fitness and i think they spend $500 million to buy the platform, now the time is to scale it lulu generates the highest return on capital and we think they'll get this right but it will take investments to scale you're clearing seeing that this

year with the surprise hire and the amount of investments they're putting forth. >> so i talked a lot yesterday in fact about what's going on with the supply chain and inventory and retail, the congestion at the west coast ports continues and it's been mentioned a lot on earnings calls from different retailers, then of course we have the mess with the suez canal. so in your coverage universe, lululemon and otherwise, what is the impact of what we had seen there with the suez canal? >> the suez canal is transittory. we just got done with our q4 earnings calls i think when you go into april, may and hear from companies on q1 you'll hear of better traffic in retail, i think the narrative around the sector will continue to improve much of the port congestion in l.a. and the suez canal is tra transitory the cost winds inside which are

more secular port decongestion, broader stimulus through the economy, it will be a very good spring for retail >> and very quickly here, i know you have a pretty big coverage universe what would be your top picks as you think about a strong spring for retail >> sure, there's been obviously the big shift from growth into value market wide and we're seeing that in retail, that's been one of the reasons why retail has been one of the best performing sectors in the market we are looking to play free cash flow multiple stories, dick's sporting goods, footlocker, upsides to expectations as the year goes on that could be big beneficiaries of stimulus. >> johner can nan from cowan, thank you for joining us today all right, every time i see a company like lulu venture off into an area that's not really natively part of their brand, which mirror fine product is, i

wonder whether they're getting out over their kis time will tell on that one time will also tell on the markets today. look at the industrials, they are basically flat but there is action, look there 3986, 14 points away from 4000 for the s&p 500 at an all-time high. courtney great to be with you. thanks for watching "power lunch," everybody. "closing bell starts now." >> welcome it's the finding trading hour of the trading day, month and the first quarter and stocks are looking to go out with a bang. the major averages are high, the s&p hit a record and the nasdaq outperforming up around 2% as we stand. let's have a look at what's driving the action investors anxiously awaiting president biden's speech on in infrastructure spending said to kick there next hour, we'll take you there live and discuss how rising taxes factor in as well tech shares are leading the charge the faang stocks in the green, tesla up