he is back welcome to "power lunch. i'm tyler matheson seema mody joins us for the hour in a moment. stocks are soaring all-time high just the dow, s&p records after a blowout jobs report last week. and strong economic data today pointing to a rebrown in america's economy. plus treasury secretary yellen calling for a global minimum tax on all corporations.

how likely is it what does it mean for u.s. companies. virgin joinlgs, a cruise line calling on the cdc to let us sail with fully vaccinated crews and passengers the ceo joins us as "power lunch" starts right now. welcome to "power lunch. two hours left to trade and we begin with the markets at record high just the economy's recovering the fed on the side. hardly get better for the stock just let's get to mike santelli. when everything looks so good could that be at peak? >> at least time to start asking the question whether things can improve from here or whether everything is priced we thing to be on alert for is when the market stops responding positively to good news. this is a two-year chart of the s&p 500. you see this really kind of

orderly but sleep uptrend. we had an orderly uptrend to the february to 20 highs with a predictable fed and slow growth. now a predictable fed and rapid growth so the market can make the peaks. this yield curve shows this world view in one chart saying things are getting better. longer term yields higher but the fed's not pushing back but so short-material yields are well anchored. this is actually taken a pause it is also relatively positive but the main points right here are we have fully invested investors across the spectrum and see a 60-year plus ism manufacturing and are we in all-in moment? it is not a broad rally but the s&p making an aggressive move to

new highs and time to trust the rally and verifying. guys >> all right thank you very much. a slew of record highs across the market. semis, home builders, materials, industrials all hitting new highs. is the market in that sweet spot that michael was talking about should you keep buying from here let's find out what cathy entwhistle cathy, we have risen 4080 on the s&p 500. the rest of this year, are we going to be eking out small gains or is it going to be something different than that? in other words, is the best behind us? >> that's a great question thank you for having me on we they lot of it is behind us but because there's still opportunities it's just about looking for those opportunities

and versus stock selection or industry selection versus index selection. >> burns, we're at high levels on the stock market. if you take and discount earnings for the s&p 500, apply a multiple to it, get to whatever the numbers are, but then you have to have two things the earnings coming through. so that might be a little problematic. number two, an economy that may grow 7%, 9% this quarter and maybe 6% for the year. that's pretty doggone good >> it creates a very reflationary environment today we really have the two engines fueling the economy of shots in arms and checks in hand stimulus at the same time of

things opening up and peopling becoming more mobile and although the easier gains in the stock market may have taken place there's shifts behind the surface with a rotation for which if we have an environment of reflation it bodes well for value stocks and cyclical value. >> cathy, the economic recovery is not just confined to the u.s. we are looking at china and europe so could that be an argument to gain exposure to international equities at a time when a lot of strategists are saying that stocks in the u.s. are priced to perfection >> i think it's always important to have a diversified portfolio and exposure internationally and emerging markets but i would agree with the earlier point. it is value. cyclical the company that is will do well

with interest rates rising and hold their own so we have been rotating the clients out of big growth names that have had such a run-up and peeling the gains out to add them into the down side of it and taking those steps really valuable for clients right now and makes a difference and impact on the portfolio by the end of year. >> we'll talk this year i suspect about an infrastructure package may be of quite large scale. how important is that to the market's progress from here or does it take a weak third or maybe a lower place when you look at economic growth and low interest rates and some maybe tonic from rising inflation? where does it fit? how important is it? >> an infrastructure package, i'm not sure it provides significant head winds for the market overall but creates a fantastic environment for active

investors and stock pickers because something we do feel that there's a positive prospect for something to get passed. there is some bipartisan support. it can provide stimulus as well as it can enhance productivity for future growth and bodes well for traditional infrastructure and also for clean energy, for digital infrastructure so for stock pickers there's areas such as again in green energy, 5g, expanded wi-fi access that there are a lot of opportunities to really have solid stock selection. >> cathy does the infrastructure pageanter your thinking in anything more than a marginal way? >> absolutely. quite a bit. from many different level just the amount of money to go into infrastructure certainly, where that is coming from and also who are the beneficiaries and where

can we position clients to take advantage of those beneficiaries? while they also make an impact in the growth of the economy i think it's a positive. >> finish your thought. >> we are looking to position clients for where the opportunities will be, not where they are today but where they will be and those are some of the areas we look to. >> skate to where the puck is going. thank you. a source of optimism for stocks is the increase in the vaccines let's go to meg tirrell for the latest numbers. >> more and more adults in this country getting covered by the vaccines, almost a quarter now fully vaccinated with the two doses of the mrna or one johnson & johnson 165 million shots have been administered 61 million people fully

vaccinated here in the country but the cdc today warning still about the case numbers we are seeing at 64,000 on average per day right now and an uptick. hospitalizations have seen a bit of an uptick almost 5,000 a day admitted to the hospital deaths declining after a plateau on an average of 800 recorded in the u.s. every day and there have been developments with the vaccine situation. we have been hearing about bio solutions, that's the partner to both johnson & johnson and astrazeneca. in vaccine manufacturing after 15 million doses had to be destroyed, because of the mix-up of the vaccines, j&j at the direction of the federal government taking full responsibility of that facility in baltimore astrazeneca will relocate the production of its vaccine to another facility and we don't know which one yet johnson & johnson still saying

it believes it will hit the goal of delivering 100 million doses to the u.s. by the end of may. if you look at the supply expected from j&j, moderna and pfizer, over that time, there's a question of where astrazeneca fits in the picture. planning to file for emergency use authorization in april and see how that goes through the process but dr. fauci in an interview last week pointed out the timing may work out such that we don't need the astrazeneca here in the united states so that is a situation right now. by the end of may expected to be enough for every adult in this country from these three. >> a lot of supply starting today, new york city, folks eligible 16 and older. there seems to be a lot of supply out there but no covid-19 vaccine approved for children. where are they at for testing for kids >> we are getting closer pfizer with data in 12 to

15-year-olds hoping for authorization for that group before the fall and starting in younger groups and we could see younger kids access close to the end of this year orrerly 2022 but hoping for some protection for middle schoolers and up come this fall. >> meg, thank you. a reason for this wedding summer no kids only because adults only and we know they'll be vaccinated kids are a big risk unfortunately. >> it is true. happily the age is coming down and the other thing of some concern to me is how long does the protection persist >> last, yeah. >> do i need a booster every year >> key question. with vaccinations ramping up norwegian and virgin voyages are among the major cruise lines calling for the cdc to let them set sail this summer we'll speak to the ceo of virgins and tesla jumping after a rough start to the year.

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visit kohlerwalkinbath.com for more info. cruise line stocks leading the s&p 500 today as norwegian is asking the cdc to let it sail from u.s. ports by the fourth of july newest competitor virgin voyages set the sights on summer originally scheduled for march 2020

joining us now is ceo tom mcalpin. welcome. >> hi, thank you for having me. >> will you follow the lead and also submit a request to the cdy. do you think norwegian will be successful to sail this july >> it is a long time, 13 months that we have been not able to sail and during that period of time we had a lot of precautions and worked as an industry to develop certain protocols so we're excited for the launch of the business and supporting the request for the cdc to reconsider. we think that we need to lift that sail order. >> to that point, the flights are taking off hotels seeing more people check in but the cruise lines have been sidelined for over 12 months i wonder if think they have been unfairly singled out by the cdc. >> other industries as you mentioned, hotels, restaurants,

theme parks and casinos have opened up so we do think it's unfair we are frustrated. we have developed a series of protocols and vaccinations are just a game changer for us so we've developed protocols that we think is the safest way to travel because that's important to us and what people want and to feel comfortable and sail again. >> from the beginning you and richard branson said this is a cool cruise experience and those that hate cruising on the ships, west village meets miami dadults with a private island in the bahamas. does that pitch still work following what happened in the pandemic >> i think the people today are worried about covid. obviously they're feeling better i think vaccines are a game changer again. thinking about the experience we require vaccines from all

passengers, for all the crew new technology on board the ship testing. so this becomes absolutely the safest possible way to travel. i'm looking forward to not talking about covid and talking about the beautiful ships, they're glamorous and adult focused. adults need a vacation and parenting is tough and guardians and schoolteachers need parents to enjoy a cruise and we call it selling sail. >> we have the data from the publicly listed companies. what does it show? >> people are very excited, a huge pent-up demand. the american people love cruising great value. very high satisfaction rates and we are looking forward to -- a tough 13 months but to ride the boom and into the future

so we're pretty excited and i think our brand is well positioned to do that because we do have that unique adult only experience that people enjoy fantastic dining options immersive entertainment. this amazing -- i call it the sexiest beach club ever. >> virgin is known for doing things that are exciting and different and i'm sure this will be in that vein. let me ask you, though, let's say despite the precautions and the vaccination that someone in a cruise comes down ill and is tested what happens then? >> we have a process in place. expanded the facilities. keep in mind we had two doctors and three nurses we have new technology and testing folks. we will have ways of putting them in isolation.

it's not going to jeopardize the experience for the rest of the passengers this is like a lifeboat drill. >> does the cruise go on if someone is found to be positive or is that person effectively quarantined on the ship until the ship ends? >> we have to isolate that person and keep them from interacting with other guests but the experience will continue for everyone else and we learned a lot. we learned how to quarantine and to do the right things to do this cruising has began operations in other places, asia and europe and hundreds of thousands of passengers that cruised successfully without any type of interference we're comfortable with this. we require eaveryone to have a

vaccine. >> you want to isolate if there's a person con ffirmed positive so it doesn't result in an outbreak like last march ceo of virgin voyages. >> look forward to having you on board. come on board. >> tonight "mad money" ceo joins jim. >> a lot of cruising today. we'll tell you what clditou mean for gamestop when "power lunch" returns

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all right. now it is time for power movers for a monday supreme court ruling in favor of google in the legal battle with oracle around whether google infringed on the patents for its android operating system they said it was fair use. both stocks are higher. the online clothing resellers are all lower today. people want to shop out in

stores again and buying new. we end with amc on the other side of that trade a strong opening weekend for "godzilla versus kong" demonstrating the desire of many to return to theater seema? shares of gamestop, another big intraday mover this morning announcing to take advantage of the stock surge by selling new shares let's bring in josh lipton on what they could spend that money on josh >> gamestop has a remarkable run and now looking to take advantage of that selling up to $1 billion of additional shares in what's known as an equity offering program that's a move allowing the company to sell stock any time if and when they think it makes sense.

jeffrey's managing the offering with proceeds the company said to accelerate the corporate transformation the stock is under pressure today but still up more than 800% this year some investors we know have hopes for the activist investor and board member to lead the charge and think he might change the company. it's not going to be easy. after all, they're very different markets. gamestop with results of fiscal '21 saying sales jumped 11% from the year ago period. >> level of interest in gamestop amongst reddit traders the same or cooled down >> so obviously the mechanics here were people caught in the wrong side of trade. short interests coming down. with the fundamentals of this

story very interesting to watch you can understand why some people look at it and they like the idea of moving harder into e-commerce but there's open questions here, what is ryan cohen's game plan and manage that does he introduce more products, more categories? >> we'll see if they make the turn around possible. a tax call janet yellen calling for a global minimum tax rate jirks tesla's electric surge, crushing 'llivery estimates wel discuss more when "power lunch" returns every trade, which saved investors over $1.5 billion last year. that's decision tech. only from fidelity. we made usaa insurance for members like kate. a former army medic, made of the flexibility

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[ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with

fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call... for fifteen hundred dollars off your kohler walk-in bath. visit kohlerwalkinbath.com for more info. i'm kate rogers. here's the covid update. a new cdc report is linking a community-wide outbreak to a single bar opening event in illinois 46 cases were linked to the event taking place indoors, 29 of those were people that attended and 17 were secondary cases. uk's prime minister johnson saying further easing of

restrictions for april 12th. he also said it's too soon to know whether international su summer holidays will be possible this year. almost 140 million doses of covid-19 vaccines have been administered as of sunday in china. the news after the country reported the biggest daily jump in covid-19 cases in more than 2 months. mexico's president saying he will not be getting a covid-19 vaccine because he was told by his doctors he still has a high level of antibodies from having the virus in january back over to you. >> thank you. the dow and s&p are both -- there you go above 4,000. up 1.5%. the big leaders technology continues to outperform now just 3% from the record high it hit february 16. let's turn to oil now.

closing for the day. let's get to kate rooney for the closing numbers. >> oil prices are finishing the day lower. not far from the worst levels of the session with wti below the $60 per barrel level a move comes a few days after opec plus agreed to production hikes in may lockdowns seem outweighing hope for demand recovery and travel picks up oil's move is dragging on the energy sector, the worst performer led by declines of 7%. back to you guys. >> thank you. in the first major address as treasury secretary janet yellen called for a global man mum tax rate to get other countries on board to prevent offshoring, a tax rate for corporations

>> it is about more than how u.s. headquarters companies fare against other companies in global merger and acquisition bids it is about making sure the governments have stable tax systems, that raise sufficient revenue to invest in the essential public goods and respond to crises. >> so this is president biden's administration looking to raise corporate taxes back to roughly what they were before trump lowered them joining us now is american enterprise institute james and pimco's libby. i thought the rate was 35% before the lowering in the trump tax reform of 2017 and '18 not the number to which president biden wants to take it

back he wants to go back to 28% am i not right remembering that? >> that's the legal rate i think. many corporations were paying a lower rate than that that was the rate on the books and president biden is now advocating to take that rate from the 21% to 28%. >> so splitting a difference basically. as you point out very few companies pay that top marginal rate at all. many don't jimmy, what incentive would there be for a country like ireland or a tax haven like the bahamas or bermuda or other places, what incentive would there be for them to agree to a uniform corporate minimum tax

when they have it pretty good if their tax rates are lower than ours and attract american businesses >> very little reason. they'd be giving up a potential competitive advantage. they rely on a competitive tax rate to attract business i think this is an extremely difficult thing for the biden administration to do and i don't really quite get it. i sort of understand why to do it to pay for this stuff and not forced for a super low tax rate and pay for the spending but if she wants us to have a stable tax code for the long term then they need to talk about other kinds of taxes, a value added tax, a carbon tax, consumption tax. if that's the goal then talk about something other than just raising corporate income taxes. >> right as we get out of the

pandemic, is this the right time to be raising taxes? is there a right time? >> look. i think that you hear -- you have heard that skepticism, that pushback from the republicans on capitol hill and hearing it from centrist democrats. that's why we're skeptical that president biden will see an increased 28% if there is an increase likely to 24% or 25% for that very reason that there is concern just generally about raising taxes right after meager growth but that said politically this is very resonant among the democratic party and you will hear the progressive folks calling for a higher tax rate. but when all is said and done i think just to be clear this is

ea early days of negotiations the first or second inning to use a baseball analogy in terms of these negotiations i think it is too early and reserve judgment of where we will land and i'm skeptd call to get that corporate tax rate for those very reasons. >> jim, go ahead. >> i will say that the way the world worked by next august or september may look very different. we are about to have some really very big gdp quarters so by the time we get to the fall and where it may happen, assuming it happens, the economy will look a lot stronger and maybe democrats saying the economy looks weak and now booming and we can afford to raise corporate taxes. >> and looking at corporations making a lot of profit and

appealing target for people who favor that approach. libby, when the trump tax reform reformed and lowered corporate rates an argument is that companies would repay tri yate dollars back into the united states and goes to investment in plant, equipment, people what really happened >> yeah, well, look. i think we saw that incrementally. you saw obviously a strong economy pre-pandemic increasing from that tax reform package. of course you also saw a lot of those revenues going to share buybacks and financial engineering. this is a reason why among big parts of the democratic party that there is -- saying in terms of increasing corporate tax rate, because you did see

corporations not taking those proceeds and benefitting workers. they really were benefiting shareholders not necessarily good for labor which is a part of the democratic party. >> how does this position president biden with the former colleagues in the senate >> i'm sorry say again. >> how do you think this bill, this prospect of a higher tax rate, positions president biden with the former republican colleagues in the senate right now? >> republicans are going to be against any corporate tax increase they look at that as a paramount economic achievement of the truming taxes as much as possible they'll go kicking and screaming into going along with this i don't think you get any republican votes to raise

corporate tax rate i think at all really at the end. >> libby, jimmy makes an interesting point that really probably what we need is a thorough conversation about what we tax and who we tax. there is corporations, whether it's consumption, carbon can that conversation take place in today's polarized political environment? >> there have been as jimmy knows lots of those ideas put on the table previously, whether it's a gas tax or vehicles traveled tax or a carbon tax i just -- those i don't think will have -- get any traction in today's washington not just because of the partisanship and polarization you point to but not agreement in the democratic party of where

to go and anything politically in messaging wise, increasing taxes on wealthy corporations and people resonates well and president biden said he won't raise taxes on people making less than $400,000. all those ideas have an impact on the demographic that biden pledged to avoid so i think bottom line is no. not in today's washington and as a result that's why they look for a different source of revenue. >> major tax code left anymore. >> i'm sorry say that again. >> that pledge cannot -- that makes long-term the tax code less stable, not more. we can talk about that. >> james, libby, thank you very

much. we are at record high territory. reopening hopes lifting the investors spirits and the cruise lines heading higher led by norwegian up over 7% the airlines as well look at the casino stocks. is now the time to bet on these names? names? our traders will weigh in next i feel silly. but i do want nationwide 5g. i want nationwide 5g. are we actually doing this again? it's not complicated. only at&t gives new & existing customers the same great deals. like the samsung galaxy s21 5g for free when you trade in.

welcome back to "power lunch. las vegas roaring back to life according to morgan stanley and upgraded to overweight on what they see as a fast, strong recovery is it time to roll the dice on casino stocks? mark stepper, michael bappis, good to have you both on tell me why now is a time to invest in mgm resorts seeing a big outperformance in the stock? >> vegas is coming back. we have seen the miami spring break videos and that's what's heading towards vegas but with more money to spend. airline tickets right now from cleveland to vegas have

quadrupled my boots on the ground research informs me that the pool party staff at the hotels have been rehired so they're getting ready for an influx of people? i'd be buying mgm. i have been. you have a great sports book exposure fantastic properties you've got pricing power coming back and a ton of pent-up demand to vacation, socialize and just have fun. >> you think you are in vegas by your suit jacket do you agree with the thesis what does it mean for sports betting, a beneficiary of the pandemic betting from the phones at home. >> yeah. look i think they're a beneficiary of the reopen trade. everything is opening faster than expected and such pent-up

demand socially and from a business stand point and conferences, vegas will be a first place that conferences come back to when people need to meet and get together. probably third and fourth quarter. but fundamentally the earnings are growing rapidly from negative and zero earnings to now really growing in a fast way. the weekend bookings are at 95% of capacity. and you will start to see that trade happen plus these companies were able to shed a lot of their fat if you will and their costs driving costs higher in the pandemic and i don't see them bringing that back as we proceed so we are betting on the space and own it for a while at least and as the rollout continues and the demand keeps going higher you see the stocks go higher. >> thank you casinos higher today amazing to see how quickly the activity is starting to pick up,

not just casino yos but hotel occupancy. markets looking ahead to reopening the stay at home momentum darlings falling today. peloton. i have to go back and workout here. >> same here tesla big momentum stock heading higher the company delivering strong numbers. much more on tesla after this. >> and now the latest from trading nation.cnbc.com and a word from our sponsor. >> many traders like to watch technical patterns and a most popular is called the golden cross where the 50-day moving average moves up through the 200-moving average and while not intended to get you at the very bottom it can be an effective entry point.

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all right, folks, welcome back to "power lunch." take a look at the big tech

names that are soaring facebook, alphabet, microsoft all in record highs and that's helping bring the nasdaq been throw%3% of its all-time high. >> shares of tesla are higher on records of fourth quarter deliveries the electric car maker delivering nearly 185,000 cars globally versus 178,000 expected let's bring in tim higgins, auto and tech reporter for "the wall street journal" and phil lebeau joining us as well tim, the market is chewing these numbers, we have webb securities upgrading to outperform with a price target of $1,000 how significant are these delivery numbers >> it's a big win. in part because the first quarter has usually been a tough one, the weakest one for tesla and they have a history of disappointing.

their stock is about growth, the growth story and there's so much attention to it that in the last few months there have been a lot of people looking for signs that maybe that growth story had hit some bumps so coming out of the quarter with such a huge number will kind of reassure investors for the rest of the yoear that those huge growth targets are potentially going to happen. >> the fact that these record delivery numbers are coming in the face of chip shortages which we know have challenged the auto sector, what do you make of it >> two things that tesla did correctly in this quarter when you look at the first quarter. first of all, you mentioned the chip shortage. they had to weather this they had a little impact in terms of production out in california but not nearly to the extent we've seen from other automakers the second move that they made was to de-emphasize building the ma model s and model x. tesla correctly said let's emphasize the model 3 and model

y especially in china which is the world's largest market for electric vehicles. those are two reasons why tesla was able to do better than expected when it comes to deliveries in the first quarter. >> tim, we've been looking through biden's infrastructure package proposed last week trying to figure out what it means for the electric car industry your thought of how big of a boon this could be for tesla and its competitors. >> part of the reason tesla has such a loyal base is because they have these supercharger networks around the country where it's easy for someone to top up the charge if they need it most people use their home charger to fill these cars so any time you can get that infrastructure out there and they don't have to pay for it, that's a good thing and it helps build interest in electric cars which helps them as well. >> phil, which other

manufacturer is in the race to dominate the electric vehicle world? we had a guest on in the last hour who said gm is one of them. >> yep. >> i assume audi may be another one, the german car makers as well. >> volkswagen. tyler, what you're looking at in terms of let's just look at the top three in terms of pure electric vehicle sales last year i'm not talking about hybrids or gas/electric hybrid vehicles, i'm talking about pure electric vehicles number two on the list is scic out of china and number three is volkswagen and volkswagen has already laid out their plans and they're rolling out the id-4, new models their sales in europe are increasing substantially so you've got those two along with general motors. the issue with general motors is that they have invested a lot, they have laid out a game plan but you're not going to see a

big increase in the number of models from general motors for a couple of years yet. you've got to wait before you really start to see the big push in terms of the number of evs coming to market but those are the four that people are looking at right now and saying they stand head and shoulders above everybody else at this point. >> you know, one of the things that occurs to me, tim, is the idea that in tesla, tesla is fully -- and maybe saic as phil said is totally committed to electric vehicle manufacture but the other brands have legacy automobiles that may make the internal transition to all electric harder to do as they know that in doing so they are losing sales on the other side of their brands. >> absolutely. and that's been one of the arguments that elon musk has made over the years, is that he's all in on electric. they have burned the bridge.

there's nothing to go back to. they don't have anything else, they're going to do electric we've seen the challenge with traditional automakers they only have so much money to invest in that future product. there's a real incentive to say we're making money on gas-powered suvs and trucks, let's keep doing that. yet these electric cars, they're not high sellers, it's unclear if customers really want them. what's happened now in the last year or so is because of the success of tesla stock, these bigger, traditional automakers are really getting hammered with questions of where are you in the future where's your electric vehicles so you see companies like volkswagen and gm really talking about how they are all in or they are going to be all in on electric cars here still they have these gas cars, but they want to talk about electric cars. >> all right we're looking at tesla up today but still down about 8% for this year. and the dow soaring to

record highs today, the s&p 500. ill have more on the markets as we wrap up this mauer hour. it used to be that brainstorming required a whiteboard and squeaky markers, but when you have devices that let you collaborate in real time from anywhere, the future works better. microsoft surface devices with teams, orchestrated by cdw enable employees to stay productive when working together, with high-quality audio-visual features designed for natural collaboration. so your team always captures every detail. microsoft and it orchestration by cdw.

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microsoft and it orchestration by cdw. ♪ ♪ ♪ cisco. the bridge to possible. let's run you through the numbers. the industrials are up 360 points this would be record highs for that as well as the s&p 500 not just holding on to 4,000 but building on that much, up 1.3% nasdaq higher. tech stocks coming back very strongly the russell a bit relatively of

a laggard. growth outperforming value, tyler. the three best performing stocks on the s&p all have ties to the reopening trade. we talked about norwegian cruise lines submitting that letter to the cdc, tesla, and the two sectors that the in the red, energy and real estate it really tells you where investors are placing their bets. >> thanks for watching "powe lunch. "closing bell" starts right now. >> welcome, everyone, to "closing bell. i'm sara eisen along with scott wapner who's in for wilfred frost. the dow and s&p 500 setting intraday records the nasdaq is up more than 1.5%. we are tracking for two record closes sentiment starting off on a high note following friday's blowout jobs number. march jobs increasing by 916,000 with the unemployment rate falling to 6%. tesla among th