good afternoon, everybody. welcome to "power lunch. with rahel solomon i'm tyler matheson the s&p 500 topping 4,000 for the first time ever. offices are reopening. wokkers rehired. a blowout jobs report expected tomorrow. every stadium will host fans today for baseball 100% capacity in texas even met fans have hope but the game with washington has been

canceled for this evening. that means big business for the sports betting companies and the legendary sports caster brent will join us we'll also be join by one of the most successful female angel investors, ai and vc and spacs with kim perell. "power lunch" starts right now >> indeed it does. welcome to "power lunch. i'm are hell solomon america is working to reopen as cities lower restrictions we see more and more restaurants and stadiums as tyler mentioned opening the doors and we are hitting every and l of the reopening. steve liesman looks at the return of the job market meg tir looking at employers. >> shepard smith and i just

talking about that detroit game in the snow so yes baseball is back, a great sign for spring but snowing right now. take a look at the market. 4,000 for the s&p 500. for the first time ever we're right just near the session highs right now. still a 63% gain over the last year a massive move higher for stocks on the large cap side of things. let's go meg cap and talk about the technology issues that have been driving some action as of late if you look over the past week or so it's a resurgence on microsoft, alpha bet and facebook four, four and 6% returns for each of those. many mega caps driving the action we'll see. they've been underperformers over six months or so and then the reopening trade. we put a sampling together to give you an idea of the intraday action so far today. pfizer shares -- that's big pharma right there but it would

be airline stocks, hotel stocks, some of these oil and gas related names with signs of life with what's happening with the overall trade so watch the reopening stocks. leading employers to bring workers back to the office mega tirrell has more on the return to the office from her home studio. hey, meg. >> i'm ready to get out of the home studio as soon as i get vaccinated and i can but we are hearing from a lot of companies particularly in the tech sector talking about bringing employs back in a staged way over the spring, we have heard from google, microsoft, facebook, uber over the next few months starting to bring back employees in a rather slow way dr. fauci earlier this week

tells us he would like to see 10,000 cases or fewer a day before offices really start to bring employees back in a major way and experts say to get there that's going to require mass vaccinations and making great progress as you just laid out but employers are hesitant to go so far as to mandate vaccinations for employees only 3% in a recent poll from challenger gray and christmas said they would mandate them 57% said they strongly encourage them and that's what we heard with lockheed martin here's what they said about why. >> i think people have strong opinions about vaccinations. even if you talk about flu vaccinations so our initial approach was, let's find a way to encourage employees to do this it is the right thing to do. we don't have a need to mandate it at this point. >> but, guys, i also spoke with tiger connect today with 250 employees and they provide tools

for communication for health care ecosystems and they told me they're planning to require employees to get vaccinated in order to go back and work in the office and they said this is voluntary. if they want to work remotely they can do it but one of the first i heard of a requirement if you're in the office you got to get a vaccine guys >> a couple of questions quickly if i might, meg. when we say 200 million vaccinations administered that doesn't mean 200 individuals are fully vaccinated does it? >> no. it certainly doesn't because of the majority of those shots would have been the two-dose vaccines from mpfizer and moderna. i think the numbers might be fewer than 10 million for j&j and to be fully vaccinated it's two shots with moderna and pfizer and fully vaccinated for j&j is one shot two shots out.

>> i cleared that hurdle two weeks out sort of passage point. my theory, meg, is that this is not only an extremely tricky year for employees as they decide how much to be in the office, how much to be exposed but the trickiest year ever for managers because think of the things they will have to mediate. who comes in when. how long they come in. where do they sit? what happens when employee "a" is uncomfortable that employee "b" is not wearing a mask? that employee "b" is not vaccinated what are you going to do it is going to change the dynamics in work and i think lead to lawsuits and conflict. >> absolutely. that's one thing we heard from the companies we talked with and talked with ford about how they're looking at this and they said this is a challenge for leaders. >> sure is.

>> how do you prove that you've been vaccinated and these are just things they haven't encountered yet and they have to figure it out as they go. >> my wife says you look on the dark side too much i worry about when people come back thank you. we can't wait to have you back here in studio. are companies hiring we heard claims that some jobs would be gone for good and now it seems many are coming back. but how fast steve liesman has the data. >> reporter: hey, tyler, good afternoon. hopes are high heading into the friday jobs report for the strongest gains in month the street looking for 65,000 jobs but some forecasters believe t's a million jobs march. td securities saying i wouldn't be surprised if it was above a million. o'sullivan and others pointing to data with market improvement in the entertainment and

hospitality industries, the hardest hit. seem to be coming back we need several months of seven-figure gains to get back to what was lost in the pandemic there are 9.5 million fewerjob and there's overlap but 13.3 million means we need a strong market for months to get back what was lost. janet yellen believes that it could happen, full employment by next year. you have to start somewhere. and the forecast for tomorrow is that we get the first half million or maybe million tomorrow, tyler. i could be in the office or i could be at home studio. you will never know. >> steve, i think i speak for all of us when i say we miss you in the studio. labor experts yesterday were frustrated that it appears the numbers paints a false picture of the employment picture and i

wonder how you square that away with the concerns we are getting and that certainly better than in the pandemic but if you compare it to before the pandemic we're still in really tough times. >> i think that's true all you can do is look at all of the data we look at the job growth, the flow back in we look at the number of jobs that remane under. the change in the participation rate it helps to explain why the fed is at where they're at they're staying wide open, easy monetary policy because of what you are talking about. they're concerned to take a very long time to put the people back to work, no reason they can't go back to work and then third and maybe most importantly is scarring that happens. some people will get disassociated from the workforce and trouble getting back into work i think those are all key reasons why the fed has decided

it is going to stay easy for a very long time. >> the meantime we watch that jobs report tomorrow good to see you. >> pleasure. as investors look to the reopening of the xh i to support equity markets the next guest has a few retrade ideas of her own. karen, good to see you i think when we think reopening trade the first things you think about are the airlines, the hotels, the malls and restaurant groups but you like also some big cap pharma names tell us how you think they benefit from a reopening. >> what's happened for big cap pharma is the whole country, the whole world really preoccupied with the pandemic and a lot of people didn't end upgoing to the doctor last year like they would have normally done and prescriptions didn't get written and i'm optimistic that that will turn around as we reopen. they think they lost 5% of

revenue for merck. 5% of revenue is a very big number and starting to see people come back i think you will see revenue growth here and it's not reflected at all so when i look at the stocks like the ones you talked about that are real reopen trades like a mall or airlines or hotels, the stocks have already rallied very hard and in some cases i think too far. i think they're starting to be priced in like a live nation so that's about as reopening trade as you can get stuffing thousands of people in a closed space you have to be comfortable with the reopen trade. the stock fully reflects that so i don't think the risk/reward is as compelling as the big cap pharma and without that we haven't seen these prices relative to the market for very high quality companies, great cash flow, great balance sheets and even some great dividends.

i won't hold it against them if they have a great dividend so there's a lot to like and the under the radar reopen trade. >> not the mention the goodwill that some are receiving as a result of discovering the vaccines that many of us are benefiting from and an added asterisk there karen, you also flike financial. tell us why and the perform storm elements that create a compelling story for financials. >> yeah. so a lot of great things happening at the same time for financials and they have run up but some of the things for me that i really like, look at the money center banks, jpmorgan and chase and jpmorgan, citibank, wells fargo. when i think about the businesses it is not just lending but as we reopen lending will come back you have rates going up. margins expand in addition you have capital markets business for the big three. that is enormous

it's been just the spac wave which is slowing now but seeing ipos the capital market business is great and the asset management business and doing buybacks and i think we'll see the release of some of the reserves that they took in the pandemic so that will be a boost to earnings. that's a one-time boost but it is still additional earnings so those things are happening at the same time and so even though the stocks moved a lot they trade at a discount to the market and they always have but the discount is not sonar row that they're not attractive so i like the space a lot. >> it's been a chilly winter for big cap tech but you still love google and facebook. why? >> maybe because now they're almost old school tech right? that makes me comfortable why when i think about the businesses, when you think about a google which i think is

hitting an all-time high today and how they were able to weather the storm and put up huge numbers and i think they are grow and a reopen trade, as well thinking about google they do a lot of travel advertising and last year was a terrible year for travel advertise jared goff that will come back in a very big way and looking at the stock 30 times earnings and a biggest cash hoard ever. and so when you back that out it's trading at 27-ish plus multiple that relative to the market for a business like this, that doesn't seem crazy to me, especially when i think rates are going higher and i don't want to be in super high multiple stocks. that fits this bill as does facebook >> facebook up about 8%. thank you. coming up, baseball is back today. fans are in the stands at every

park and that means big business for the booming legal sports betting industry we're going to talk to brent musburger who cashed in big time on thepo srts betting boom "power lunch" will be right back

may your league baseball is

beginning the season today with players and fans returning to stadiums after last year's shortened season who can forget that? sporting gambling business is a beneficiary of the coronavirus pandemic with sports betting power draftkings up. announcing this week the acquisition of broadcaster vcin and what does the future of sports betting look like joining us now is brent musburger. good to have you with us it is a thrill personally to have you here because when you're on it's a big deal and appreciate you coming. let's tack about baseball betting if we might for a minute how does baseball as a betting sport compare with the other major sports, basketball, college basketball, college and pro football where does it fit? >> you know, that's a very

interesting question because back in the day, in my particular era, when i grew up back in the '50s and the '60s and moved into media baseball was king they booked more baseball bets than anything else but the era of television signaled a switch and now beyond a shadow of a doubt the number one sport bet on in the united states is american football. it's not even close. the nfl number one and right there with it is college football number two, interestingly enough, would be basketball. and that has grown over the last 15 years especially march madness when you talk to the operators in las vegas about the million booked on the opening days of the tournament it was pretty staggering remembering that covid has canceled march madness a year ago. everybody welcomed it back this year with open arms.

what about baseball? baseball slips down to number three but there are still especially some very sharp betters, they hone in on baseball pitching is so important you have to follow it every day. for example out here in montana i have been watching the yankees and the blue jays at yankee stadium open yankees fell behind. jumped ahead and could have bet it with the first five innings okay that targets the starting pitchers most people though bet baseball over the last nine games and there's a lot of parlor betting but i say the best bet of today was the s&p 500. over 4,000 come on, guys! that's where to go today. >> that is the right bet for today. so there are proprietary bets to make on baseball like who's going to score the first run, how many innings the starting p

pitcher is going to last and not just a money line bet on who ones >> yeah. i would advise anybody going into bet sports be careful about the prop betts have fun with them for example super bowl give you an idea about me. i always bet four or five props but $10, $20 and always bet that opening coin flip and i was told tails comes up because when they carved out the coin that the nfl uses, the head is heavier and it is on the ground of course i bet tails and of course it came up heads so on the prop bets have fun enjoy it but if you want to take a position, bet the games or the over/unders or the money line. that's where you should gravitate to do it my other -- i always say on with anybody. be careful

okay these are tough lines. if it's money you need for rent or buy food for the family, forget about it. don't do it. okay if you have a little extra spare cash and want to take a chance have fun with sports but if you think you're going to beat the bookies right now with their numbers you're crazy. >> let's talk about -- there's a hypothesis out there i suppose and as fans that one of the appeals of sports betting last year is fans weren't allowed in large numbers to go see the games, whether it was football or basketball or at the end of the year baseball, as well this year that's different there will be fans and that's going to siphon off that gambling interest. i disagree with that completely because in more and more states you can gamble and place bets via your phone it is coming to a state near you if it is not already there and the other thing is the leagues

have embraced it generally speaking and you're going to be able to sit there in the stands and place bettss so i think the only way for legalized sports betting is up and not down. >> you are 100% correct. when i went to australia a few years ago, i was curious about the stadiums okay there was a big cricket match the next day and went in a team was practicing and wanted to tour the stadium and in that stadium there are actually a betting booth. okay and it was not small you could walk into that and you could bet as the game unfolds. certain places in europe where that goes on, too. >> yes, sir. >> not saying that this happens tomorrow but down the road you'll be able to bet in the stadiums as games are progressing. that's the future of wagering in the united states.

>> i couldn't agree more because the team owners will insist upon that getting a slice out of it and as an owner you want -- draftkings or fanduel or whomever it is brent, it is great to talk with you. i want to live where you live. montana is my favorite state in the nation it is the most beautiful place i have ever been. >> come on out >> thank you, sir. >> you are more than welcome, my man. this is the place to be. we invented social distancing. >> thank you very much. all right. the market rally can't stop and won't stop the pop icon giving away free shares in stock to the twitter followers. that and more when "power lunch" returns. it used to be that brainstorming required a whiteboard and squeaky markers,

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it is time for the final power movers of the week and this is no april fool's joke chip stocks making big moves to the upside as investors remain

wary of the global chip shortage micron higher. taiwan semi with an investment to increase capacity and lam research and amat hitting all-time highs today chip stocks flying higher. and next, wingstop higher as the restaurant reports digital sales up over 60% from last year wingstop up 8% this week. and finally velodyen lidar -- do you know how you pronounce that lidar! thank you. it is a mapping technology company jumping nearly 15% today. i'm not familiar with it obviously. agm will use their technology in their uavs as a mapping software. >> one thing i know you are familiar with -- >> oh yes. >> miley cyrus and working to

make stocks cool she's doing her part giving out $1 million in stock shares to the followers. tyler the promotion is done with square's cash app and all in time for the anniversary of "hannah montana. is it good that stocks hit pop culture? cardi i think gave away a million dollars when the song "wap" came out is it good to hit pop ulture i don't know. >> i think it's good to the extent that more people learn about investing. i think that's a good thing. to the point that brent musburger just said if you play with money that you have to -- >> pay the rent with >> this is not for you. >> right. >> i think it's a good thing to the extent to get people -- i've always thought it was a good thing to give young people shares of stock. >> definitely. >> give them a stake in companies they know disney or apple or microsoft or whatever.

>> demystify the whole investing process. >> yeah. i like all those people you mentioned there. >> you mike meg? you like "wap" >> going there. >> you didn't take the bait. good, tyler. we must move on. still ahead, auto sales come back plus the rise of robots, how a vc firm is using ai to bring start-ups public all that when "power lunch" returns. with smartride® from nationwide, they can get discounts for safe driving. does she get one? mrs. carmichael? safest driver in peytonville. takes a lot of work and effort to be the safest driver in peytonville. what about this guy? with nationwide smartmiles®, the less he drives, the less he pays. the list of inspiring stories goes on and on. i bet. i've never seen anyone do more with their retirement... ♪♪ ...than you. i... concur.

i'm courtney reagan. here's the covid update. the white house says there will be no disruption in the u.s. supply of johnson & johnson's covid vaccine despite the production error that forced millions of doses to be discarded. the latest numbers from the cdc show 154 million vaccine doses have been administered with almost 100 million people getting at least one dose. vice president harris spoke today highlighting the administration's effort to encourage americans to get vaccinated she says $10 billion in grants are going to community organizations, health centers

and local governments to build confidence and increase access to the vaccine france is starting the first day of its third national lockdown with schools closing for the next three weeks new daily infections have more than doubled since february with more people in intensive care units than a six-week lockdown late last year back over to you. >> thank you very much. let's look at where the markets stand on what could be a rather sort of red letter historic day as the s&p pierces 4,000 for the first time the industrials starting april up .5% right now as we enter the last 90 minutes or so of trade but there's the s&p 500 on a nice run higher by 1 pistons above 4,000. nasdaq 1% higher and the russell also higher. oil market closing for the day dom chu is there. >> oil prices near the best levels of the session so far

crude futures $61.15 gain there brent crude $64.53 perhaps the most noteworthy news on the day from the big meeting of global oil cartel opec and russia known as opec plus agreed today to gradually ease some of the production cut that is have been in place since oil prices collapsed last year because of the virus pandemic the move comes after u.s. energy secretary jennifer granholm said she had a productive call with her counter part saudi arabian energy ministers where she says she stressed the importance of international cooperation to ensure affordable and reliable sources of energy for consumers. saudi arabia said today's decision to ease cuts is not influenced by the call with secretary granholm and got the baker hughes count numbers with increase in active rigs. back over to you. >> thank you.

speaking of oil, calling all cars are auto sales making a comeback is it here to stay phil lebeau has more. >> we have the q1 and march auto sales numbers and they're strong we know that demand has been there and look at the numbers from the four major automakers here in the uts. toyota up in the first quarter gm up just under 4%. ford a slight increase and fiat chrysler up 5.1% a couple of specifics to talk about. general motors, average transaction price, average price of a vehicle over $40,000. that is a record high. the q1 inventory did come down by about 76,000 vehicles that's because of the chip shortage yesterday the cfo told an investment conference that they're pretty confident despite the shortages they'll hit the target that is they put out there for full-year performance.

toyota best march ever for both toyota and lexus you saw that the overall q1 sales up 21.9% for toyota and hyundai, today talking to the ceo of north america and had the best monthly sales ever in march. with sales jumping in q1 by 28%. the number to focus on later today, guys, what will be the sales rate for the first quarter? most believe it's going to be 16.5 and 16.7 million vehicles we haven't had a quarterly sales rate that high going back into 2019 somewhere in that time range and not 2020 maybe fourth or third quarter of 2019 the last time with 16.5 million vehicles as a sales pace. >> thank you very much business is good there. for more on auto sales and how big an issue the chip shortage is for the industry let's bring in earl hestenberg

with group 1 automotive. earl, it is always great to have you here how's business >> couldn't be much better as phil just said, demand is very, very strong. >> strong across -- you have a whole portfolio from ultra luxury rides down to the more basic standard transportation. is one segment of the market stronger than any other? >> not really, not really, tyler. it is across the board and new and used and it seems that as people come out of hibernation the service business is going to come back strongly this spring, also. >> yeah. i would think that last year the service business slackened as people passed up on service or more costly for you to pick up, deliver and sanitize cars. let's talk about the inventory and whether your inventory is substantial must have right now

to meet the demand, number one what if any impact you feel at the dealer level from the chip shortage that seems to be restraining some supply. >> yeah. there's an impact there. our inventory's down probably more than 20% and the auto retail network is creative and we trade within the group and used car customers to new and vice versa and it is a challenge. but overall, it strengthens margins and so many of our customers, particularly the pickup truck customers are brand loyal. a ford truck, a chevy truck, a ram truck customer, they're going to stick with the brand and we're ordering from the factory i would say special ordering more vehicles than ever. >> once a ram always a ram i

suppose in many ways used versus new, is one stronger than another in terms of sale and in terms of inventory are you able to have enough used cars to sell to the people who want them? >> the struggle on inventory is almost the same in used as new it kind of goes hand in hand and so, we're lucky, as franchised auto dealers we are able to source from our manufacturers off lease cars two and three-year-old lease cars. no reduction in those. as new vehicle sales increase and you can see they're increasing at the moment we get more trade-ins so between trade-ins and the connection with the auto manufacturers we are hanging on pretty well on used vehicle supply but it is not easy. >> let's talk about sales versus leasing. is one stronger than another right now or people doing a lot of leasing or buyers >> no. they're still doing a lot of

leasing but i would say that's dictated by the manufacturers. by them offering attractive programs which is basically incentive spending and quite frankly with these low rates in the market overall and high demand levels they don't have to put as much money into some of those lease programs and you will see that some of these manufacturers will be cutting back a little bit on incentives or moving to cars away from trucks and suvs. >> if you were in the market for a used car, would you lean toward an off lease car that may be 3 or 4 years old and is then factory certified or whatever or venture out into something else? which would you choose >> i'm a big proponent of the 2 and 3-year-old lease cars, cars are made so well now and when we

certify them through the manufacturer as a used car they have warranties up to 100,000 miles and that's always a great value for a value shopper. >> earl, always great to see you. we love checking in with you every quarter or so. thank you very much. >> pleasure, thanks. let's head to the bond market now rick santelli tracking the action at the cme. rick >> hi, rahel the big number is 64.7 the ism headline because as you see on the chart it is the biggest number since 1980, 38 year just that's a long time and the treasury complex didn't really move on it. as a matter of fact the wrong direction. we slipped a bit in claims but not much look at a three day of 10s we really lost it a bit and we lost it from 174 which is the highest close yesterday going back to january of 2020. look at the note over bond

spread usually when this narrows there's a momentum change and keep a close eye on long dated treasuries that's the closest 10-year 30-year-olds have been in seven month just go to two-day once it traded above 117.70, yesterday's high it's starting to firm up and looks like it's turning. going to a two-week dollar index, the euro is 57% of the dollar index there's a dollar index for two weeks and yearly see that now we sli slipped under 93 look for follow through. back to you. >> thank you. and coming up next, the under radar winner of the biden infrastructure plan. why it could give ge a massive boost. our traders will discuss coming up next. as the markets head higher on the first day of the second quarter the communications services sector leading the way. google, his di and alphabet

among the ggbiest gains there. we'll be right back.

welcome back to "power lunch. president biden's infrastructure plan a boon for clean energy and one unsuspecting winner could be general electric the investments in wind turbines challenging the wim systems. just in the last week, they received two big orders from new jersey and massachusetts so will this clean energy play start to pay off for ge and others? the trading nation team is bill and john john, we know that ge ceo has made renewable energy a big priority over the last two years with the world's largest wind turbine. when does it start to play a meaningful role in driving earnings >> the whole story here is a show-me story, the third time infrastructure plans coming through in the last 12 years, and i think it's been a

cautionary to chase stocks purely on the back of infrastructure, specifically only a piece of infrastructure plan and then ge is the ultimate show-me story in its own right so i take more of a pass in this situation and let the bill get kicked around first before we run to winners and losers and better plays on the utility side in terms of alternative energy than purely ge. >> bill, looking at the stock up 23% year to date, what's the key several to watch >> i'm looking at a lot of good technicals here. the market last year made a new low and held that low and you have a wedge right now that's really consolidating and holding the 50-day moving average very well if it can move above the wedge which it has started to do the upside is $16.80 there

so i think that's the sort of target and the fundamental tailwinds there. i like the aviation space a lot and ge does have a lot of cash flow coming from there so that's another tailwind that brings to the table, as well. >> yep specializes in the leap engine there you go bill and john, thank you we take a look at the top stocks for the second quarter tyler, you will be logging in as proumplg ends. >> i am going there next and all weekend. thanks, seema. have a great weekend. a company calling itself a unicorn factory. how they're using ai to speed up the vc process we'll tell you about that when "power lunch" returns. and now, the latest from trading nation.cnbc.com and a word from our sponsor. >> when it comes to investing there are generally two popular methodologies, fundamental

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all right, folks, welcome back to power lunch. look at the s&p 500 sitting at 4,000 today. above it for the first time ever, sitting right near session highs right now. up 41 points that's a 1% gain the nasdaq is the day's leader, up about 1.5%. chip stocks are leading the way there. "power lunch" will be right back sales are down from last quarter but we are hoping things will pick up by q3. yeah...uh... doug? sorry about that. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today. ♪

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welcome back, everyone can machine learning and artificial intelligence help predict consumer behavior? our next guest says yes and she's bringing technology to the venture capital firm the goal is to bring products to market in months, not years. i'm joined pco-founder and ceo kim, great to see you. thanks for being with us today. >> great to be here. >> you say that you're looking to bring vc technology i was under the impression they were using ai to target consumer behavior >> 100.co is a unicorn factory i have spent the last 20 years using technology and spendsing billions and billions of dollars of the largest brands in the world to advertise and now i'm

going to do the same to create these next generation unicorn brands. >> so you're expanding on this idea that we're starting to see play out >> i think you can use artificial intelligence, big data and machine learnings to find white space, to derisk the go-to-market process. >> one thing i thought that was interesting is when you look for markets, you're looking for those that are ripe for disruption we've seen so much disruption already. sort of what's on your radar what are you looking for that hasn't been disrupted thus far >> i think if you look at covid and the acceleration and consumer buying patterns right now, the cpg, the consumer product space is ripe for production using technology. that's where i think i can come in and disrupt the market, accelerate, speed to market from not only research but all the way to retail. >> it's an exciting prospect any sort of specific industries or brands that you're looking for really shaking up? >> i'm looking right now, we're

currently in the process of launching two new brands in the health and wellness space in 2021 >> health and wellness, that's exciting any more details there >> so we currently have a -- one of our -- so we really are looking for authentic founders i'm an entrepreneur at heart i've started companies, sold companies, invested in companies and looking for visionary founders that see the world not as it is today but as it could be very excited to have these partners because i think together we can create something truly unique in the market. >> speaking of one of those founders, news that you're warning with winnie harlow, the supermodel, to perhaps launch a beauty brand anything you can tell us about that >> winnie is one of our co-founders that we're looking forward to launching in 2021 can't say much about the brand, but definitely she is on her way to, you know, really disrupting from it's great to have just great founders that are diverse,

that are authentic and really can connect to the consumer in a very driven way. >> tell us how important that authenticity is. it seems that consumers these days are much more focused on brands that align with their personal values. >> i can't say enough. i personally am a mom of four. so i'm looking at what am i buy, how does it impact the world, what can i create that will actually be authentic and resonate with the consumer data and technology can really define that and predict and reduce risk. >> we'll see how it works out. we certainly wish you the best it will be interesting to see what launches with winnie harlow kim, thank you >> thank you. why don't we finish this hour with a quick look at the markets and where they stand what a difference a year makes, folks. there's the dow industrials up a half percent today right now but the big one is the s&p 500 above 4,000. when you think back to a year

ago, of course march 23 was the bottom and it started to turn back but there was plenty of worry about how much of your money was going to be left after all the turmoil of the pandemic. you can see today we're in a much better place than then. >> a much better place for the markets but also public healthwise today vaccinations are front and center so here's hoping for a much more positive year. >> amnd let's turn the over to guy who just got vaccinated, wilfred frost. "closing bell" right now. thank you, tyler welcome, everyone, to "closing bell." i'm sara eisen along with wilfred frost. the s&p 500 topping 4,000 for the first time ever. the nasdaq is up 1.5%. let's look at what's driving the action investors continuing to digest president biden's more than $2 trillion infrastructure plan he laid out yesterday afternoon and wall street is weighing in on the consequences of