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tv   Worldwide Exchange  CNBC  April 30, 2021 5:00am-6:00am EDT

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aall from a friend to remind you ♪ ♪ that you're not alone ♪ ♪ then you know deep down inside ♪ ♪ it's gonna be all right ♪ ♪ all right ♪♪ it is 5:00 a.m. at cnbc. still nighttime in seattle here is the top five at 5:00 amazon firing on all cylinders and then some. cloud and lineup streaming. surging. why is your guest throwing cold water on the report? tech on a hot streak nasdaq on pace to do something it has not done in a couple of years. more tech's remarkable run ahead. bidding wars all cash deals and race to build more the red-hot housing market getting even hotter. we will speak with a home
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builder ceo with an inside look of how long it might last. credit suisse under fire the meeting today as another executive looks to be on the way out. and it is hard to be the happiest place on earth when you're closed for business that is all about to change today on this friday, april 30th this is "worldwide exchange" at this hour. good morning, good afternoon, good evening. welcome from wherever in the world you may be watching. happy friday i'm brian sullivan thanks for joining us here we will get to the markets and your money in moments. we start the show with breaking news out of europe on their economy. let's get right to it and to julianna tatelbaum in the london newsroom julianna >> reporter: brian, good morning. fresh q1 gdp numbers crossing
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the wires for europe gdp contracted 0.6% quarter on quarter in the first quarter of the year for a 1.8% year on year fall this contraction, no surprise, given the restrictions in place in the eu. the first quarter contraction caused by a 1.77% slump in germany. the biggest economy in the region we did see a surprise this morning on the positive side from france. the french economy grew 0.7% now forward looking indicators suggesting encouraging signs for the eu manufacturing. the eurozone largest economy showing strength in manufacturing. supply chain issues which i know you are covering in great detail have capped that in germany. we are still seeing a recovery there. the overall figure for gdp in
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the eurozone is 0.6% quarter on quarter contraction in the first quarter. brian. >> julianna tatelbaum, thank you you very much. certainly europe is a bit behind the united states. the slow pace of the vaccine rollout there. julianna, thank you. back state side. let's get a check on your friday money on the final trading day of april, by the way futures are lower to end the week overall another up week for stocks most stocks are higher heading into today's session on the month. it is also a big week for earnings a busy week thankfully almost behind us. we're just over halfway through the earnings season, if you will we're seeing, get this, the strongest average earnings per share growth since 2010. up 45% the biggest eps surprise factor ever going back to 1994. the highest amount of eps ever
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at 87% earnings up 45%. beating by 24% on average. greatest number of eps beats at 87% ever this could be the greatest quarter for the economy and consumer of all-time also a big week for oil. how about this every single oil or gas stock in america is higher this week. every single one over 100 names average gain of 8% for the big majors in just four days the week's not over yet. by the way, exxon and chevron out with earnings in two hours. and amazon if you thought the numbers we just showed you were big look at this amazon sales surging cloud sales up 32%
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streaming hours up 70% that stock up right now about 2% to another record high we will get more on amazon throughout the morning more proof it is amazon's world and we're just shopping in it. more breaking news on friday credit suisse board member and chairman is out. officially stepping down amid shareholder rebellion over the archegos scandal he had been a target as a symbol of the risk failures and bad bets by the bank not only with archegos, but green sill that shareholder meeting continues now. this is the latest in the ongoing saga at credit suisse which lost tens of billions of dollars over one or two bad trades. let's get to the markets the next guest is at the top of
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the market m & a is hot perhaps hotter than it has ever been much of this involves the transformation of how we think about work and business. specifically to becoming more sustainable. if you have not heard about something called a sustainability linked loan sll. not snl. that is tomorrow night sll. let's welcome dan barkley. good to see you again, dan esg we know is booming a lot of people think it is hog wash sustainability linked loans. sll. very real and busy and i would imagine profitable talk about what these are and how they work. >> thanks, brian sure thanks for having me the push for esg across the board has been powerful. i can't think of a ceo that is not thinking about it and
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finding ways to become more sustainable. one way we are looking at is the way they finance themselves and sustainable linked loans is a way to transform the commitment to sustainability. a recent loan on gibson energy is one where they have commitments to reduce the stage one and stage two greenhouse gas emissions. a commitment to change and update work force and their board. this is one of the first companies to make this commitment for a bold future >> we are seeing esg boom. we have talked to a number of banks. their business is booming. it is interesting you mentioned gibson energy. how are energy companies, even oil and gas companies, many under fire from shareholders to change and evolve and become more sustainable how are they using products like that to alter or adjust or
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change their fundamental business >> i think we have seen a monumental change in the thought process of esg in the last 12 months we have gone from a thought process of penalty system where you are punished if you don't do the right thing to an incentive system where people are seeing a unique way to drive their business by looking at the business on a more sustainable basis and reduce carbon within the businesses, they are finding ways to innovate of how they run and expand the margins and produce higher profits i think that is a huge shift from, you know, 12 months ago, to where we are today where it is common for a ceo to be looking at how this becomes a competitive advantage going forward. >> dan, how hot is the overall market right now >> i think it might be as hot as it has been in my career you know, it spans 30 years.
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we have amazing activity and it is all driven around confidence. people believe the world would be a better place 12 months from now or 24 months from now. they spurs action. they can grow organically. they can invest. we are seeing lots of people step up to take risks and grow their business >> that's says something you say it is the hottest you have ever been, dan. you have been doing this three decades now. that is absolutely insane. dan barclay. have a great friday. a good weekend thanks for joining us. >> thanks, brian you're welcome we are just getting going on this friday. when we come back, it is the good, the bad and the ugly at least when it comes to the big money movers we'll give you the names to watch coming up. plus, an inside look at the red hot housing market the ceo of taylor morrison joins
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us live on "worldwide exchange." later on, cold water on amazon's hot quarter after the first quarter trouncing of the numbers. scott mushkin with the biggest risk facing amazon as it puts up monster numbers. we've got a busy hour still ahead. we'll roll on. dow futures down 52. we're back right after this. tailor made or one size fits all? made to order or ready to go? with a hybrid, you don't have to choose. that's why insurers are going hybrid with ibm. with watson on a hybrid cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you. did you know that petco, is now a health and wellness company? i adore their groomers
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all right. welcome back time for a check on your friday big money movers three stokes ycks you need to kw gilead it hurt sales with flagship hiv and hepatitis c drugs. they were offset by the covid treatment of remdesivir. stock down 1.5%. stock number two western digital. shares rallying after the data storage products with better than expected third quarter results are. western digital with numbers above analyst estimates. it is up 5%. stock three is skyworks solutions. down failing to impress investors narrowly beating forecasts these days, a narrow beat is not enough the chip maker with third quarter profit slightly higher investors are saying we needed
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more skyworks down 7.5%. still on deck. breakout the big hats and fill up that mint julep, y'all. the kentucky derby is a day away we have a live report with frank holland coming up. >> announcer: today's big number $350 million that's how much victims of ransomware paid in crypto currency last year according to the report by the ransomware task force that is rethe times the amount paid in 2019
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maybe hard to believe, but it's true. the 147th running of the kentucky derby is tomorrow it was held in september last year with covid on the run, the run for the roses can again return to spring where it belongs thanks to vaccines and a huge drop in cases, it is also mostly a return to normal this year with, of course, caveats frank is in kentucky and has more on the race and economic importance of the event. i, myself, my friend, an and jealous you are at churchill downs. what a weekend >> reporter: a beautiful sight, brian. my first time here not the first time this event has been held. the first time since the pandemic more than $400 million in
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economic impact generated by the kentucky derby pre-covid capacity capped this year at 50% and the reduction of desire to stay in hotels and dress up for large public gatherings, the impact is expected to be a fraction $35 million. this is facing all cities around the nation miami boat show was canceled the state losing $850 million in economic impact. now the tech state of dallas and pride parade are two revenue gener generators that might not be th same it is hitting hospitality. the derby hotel occupancy is 50%. they also provide a boost to the gig economy with ride share spiking in louisville in previous years so far this year, ride share drivers tell me it is elevated, but not what it used to be according to the chamber of
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commerce, it is harder for businesses of all sizes to plan and staff. >> you invest in the derby weekend. how many people do you hire? the work force issue you in kentucky has been a real struggle with so many out of th derby weekend is a struggle. >> reporter: this change for publicly celebrated events and holidays impacts alcohol sales the maker of woodford reserve, says derby parties is a peak business for them. the impact on cinco de mayo parties will impact jose cuervo. brian, back to you >> frank, listen since the last time the kentucky derby had fans in the stands, there is a lot of social change in the country how has the derby responded?
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>> reporter: brian, really leaning into the derby's black history. this is an example the way they are doing it woodford reserve selling $1,000 mint julep cups. this one is silver these are raising money to celebrate black jockeys. 13 of the first 15 derby jockeys were black now there is a big effort to preserve the legacy. back over to you >> amazing work. wait, did you you say the goble. it is $1,000 and there is a gold within for $2,500? >> yes i have other stuff here. it comes with a mixer and -- i don't know what to call it it represents the black jockeys here they give you the stuff for the
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cherries and cream mint julep. >> i wonder if that is the silks of the early days. that's amazing >> paying conttribute. >> you will like this, frank i hope you will see what i'm going to do. are you ready? i hope that cup is made of essential quality. the name of the horse favored. >> the favorite. >> 2 to 1 tomorrow >> i'll put a couple bucks down for you. >> i'll put -- sports betting is leg in n legal in new jersey. frank, hope to see you in the stands we can catch the derby on nbc tomorrow at 2:30 eastern frank, thank you have a good time here we go coverage kicks off at 2:30 tomorrow all right. good to see it back.
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from kentucky to green bay some drama around the packers. let's get more on that and other headlines with frances rivera. >> good morning, brian we start with breaking news. a religious celebration turns tragic in israel this was the scene as crews tried to rescue the ininjured. more than 40 people were trampled to death. this was one of the largest gatherings since the community reopening. lgbtq will soon have a voice in virginia. the state will have the first advisory board for lgbtq the board is expected to be in place on july 1st and will advise on issues of the community. around the nfl, aaron rodgers relationship with the
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packers has crumbled citing sources from espn the quarterback does not want to return to green bay this season. you have to look at the dollars involved here and if that amount would have fixed it. brian, back to you >> i think he wants to be the new host of "jeopardy!" and getting rave reviews. >> he did it along with a host of other people and everything else we will watch that saga and how it ends. >> if i could ask people questions for a lot of money or get freight trained by a 280-pound linebacker i know which way i'm going. >> sure thing. >> he has been in the league ala long time. taking a lot of big hits i know he has a lot of wisconsin fans not happy that is taking a lot of shots in his time. still ahead. the happiest place on earth
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happy again. reopening. and we have a friday deal. nestle buying the core brands of bountiful. and if you are one of the four or five people who have not downloaded our podcast do it. dow futures down 54. (♪ ♪) whether it's a technology first, (♪ ♪) a fashion first, (♪ ♪) a science first, (♪ ♪) or a first for us all (♪ ♪) whatever you hope to achieve
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and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. over the next 10 years, comcast is committing $1 billion to reach 50 million low-income americans with the tools and resources they need to be ready for anything. i hope you're ready. 'cause we are.
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amazing amazon bezos baby destroying estimate sales records. the guest says the reason not to buy the stock right now. scorching and sizzling not amazon the housing market taylor morrison is here on how long it will last. and twitter tanks. investors grow frustrating with the company. shares down 11% on this friday, april 30th this is "worldwide exchange" here on cnbc ♪ ♪ welcome or welcome back. good friday morning. thanks for joining us. i'm brian sullivan let's check your money on this final trading day of the week and month. futures are down not as much as they were
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they were off over 100 fair value for the nasdaq slightly in the green. we will not call it flat, but call it close to flat. rounding out how you about that overall, we will see if the markets can continue the recent run. nasdaq on a tear up more than 6% this month it doesn't sound like a lot. an annualize that a lot it has been a great month. it is also on pace for the sixth positive month in a row. that's the longest win streak for the nasdaq since its seven-month streak ended in 2018 so if we gain in may as well, nasdaq, or we have to dig out the record books, will dig in to figure out what the next record it may break is. six straight higher months on pace to get close to the record of three years ago. still, it is something and it has been a great run for your
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money. it has been a huge week for asset classes. not just the nasdaq. in fact, the nasdaq doesn't make the top. look at the gains this week. including moves this morning ethereum up 21% this week. natural gas, 6.5%. bitcoin up 9.5%. crude oil up 4%. if you look at the macro screen as we do because we're geeks and that's what we do. the only thing that is down this week is gold it is down like a quarter of 1%. still down a little bit. up a little bit today. it has been a great week for almost every asset class let's get to some of the top stories. good news, disneyland reopens today. anaheim, california, the park seeing sold out weekends as the reopening is bringing technology tools and app to navigate the park and the avengers campus
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disney has seen over $7 billion in losses through the end of last year. it is reopening and it is sold out. the faa investigating the origins of a grounding issue on dozens of boeing 737 max planes. the agency says certain jets have insufficient electrical grounding in the cockpits which can affect engine systems if not addressed. boeing announcing it has paused delivery of max planes as it works to fix the problems. 737 max has been riddled with problems since the plane first launched and biontech ceo says he is confident the vehaccine works against the double strain found in india telling cnbc that it was developed with pfizer and test
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odd similar strains and the data is available in the coming weeks. the biontech pfizer vaccine is not currently available in india. there are more than 4,000 evolutions of the covid virus out in the world right now by the way, that is something we see with viruses throughout history. good news on the vaccine front in relation to yet another strain that we are seeing in india right now. let's hope, by the way, they can get that vaccine now let's turn to amazon if we needed more proof that it's amazon's world and we're all just shopping in it, we got it last night. amazon absolutely obliterated every single expectation for the quarter. here you go. sales, $108.5 billion. up 44% from a year ago operating income $8.9 billion that's against amazon's forecast of a range of $3 billion to $6
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billion. it was triple the estimate profits were $15.79 a share. estimate 9.54%. consider that. amazon, one of the biggest companies in the world, beat the top estimate by 50%. let's bring in scott mushkin, ceo of capital scott, good to see you i can't get my head around these numbers. it is not because the government locked down the community and amazon was the only place open how are these numbers so big >> i mean -- thanks for having me the numbers are mind boggling to understand how the company can grow this fast as we're reopening up it goes to the idea that they
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don't have competition out there. the desire for people to shop online is still very strong. you know, talking to the company last night, i think one of the most amazing things going on here is the size and being able to do what they do and have the crack. it is defying what we know about corporations the fact you are seeing it grow so fast and so many different areas with the size of the company. it is amazing. one of the untold stories of amazon is the culture that jeff bezos has put together here. kind of defying what we know about corporations and they should slow down as they get this big >> yeah. we understand the momentum scott, everything toward the end of last march a year ago and in april and may around the country got shutdown some for weeks some still going on. >> right. >> amazon picked up new
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business everybody started ordering the question is do we have any advice visibility as we reopen will amazon lose customers or are we now realizing i'm not going to the grocery store for basic stuff. i'll use my prime account and have paper towels delivered every week that is our visibility on amazon >> one of the things i discussed last night is the next day promised slipped a little bit in the pandemic one key thing is they are building tremendous infrastructure it is insane how much infrastructure they are building their goal, ultimately, is same day. they believe as they get faster and faster, the market opportunity grows. so that is one of the big issues it is in theory. we believe if we get the time
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down, we will grow the market quickly. you have to say it is almost instantaneously, if you order from amazon, the goal is to get you that stuff quickly almost getting rid of the need one of the things at our respect does is research our consumer research suggests that shopping for consume abless a have, not a want a lot of consumers don't want to go out and buy toilet paper and eggs we want it delivered that is a huge opportunity amazon's market share in that consumable is still probably mid teens. they have a way to go. >> a lot of the stuff, as v viewers show, defaults to subscribe and save you have to change the box so you don't automatically get it every week or month. scott, do we buy at $35 a share? >> we think this is reflected.
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we would not be selling it you know, we would not put new incremental money in amazon. pull back if you are nimble. we say get in. at $3,500, we think it is reflective >> well said a lot of people have retired on this stock probably buying giant mansions if you bought early. scott mushkin, thank you >> thank you for having me on you're welcome coming up, well take you back to the very first draft and the winning stock that keeps on winning. do you remember who won the first draft in 2012? that's the chart we'll show you the name. as we head to break, more key headlines. eu antitrust will hold a news conference today she is expected to charge apple
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for anti-competitive practices on its app store alibaba freezing pay raises for staff this year. they are trying to keep workers amid the crackdown on big tech. and check this out vw now under investigation by s.e.c. for the april fool's prank gone wrong the s.e.c. is poking around whether that prank impacted the stock price and whether it actually broke any securities laws remember, many news outlets, including us and the ap said the company lied to them about whether or not it was real is it real yeah, it's real. it wasn't real now they're getting investigated by the s.e.c you go, voltswagen "worldwide exchange" is back right after this
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but we won't get there without you. join the fight with the alzheimer's association. i really hope that this vaccine can get me one step closer to him. to a huge wedding. to give high fives to our patients. to hug my students. with every vaccine, cvs is working to bring you one step closer to a better tomorrow.
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welcome back one stock you need to pay attention to right now amid the earnings reports is twitter. twitter not included in the lis report and the ability to grow twitter shares down 11.5% right now. twitter is a stock to watch and not in a good way.
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unless you are short on the stock. the cfo will be on "squawk." let's talk something that is growing. housing. taylor morrison homes is out with housing it has been red hot. orders up30% from last year. its backlog jumped 54% let's bring in the company's ceo. sheryl palmer. sheryl, thank you very much for joining us at this odd hour where you are. we appreciate it you have ever seen the market like this? >> good morning, brian this is wonderful to be here it is a you neek market today for certain. you know, we are so under supply as a marketplace across the country. we are seeing it across all of our consumer segments. seeing it across all of our g geog geography. we have no supply in the new
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home or resale market today. >> who are the buyers? are they really people fleeing cities or people that simply looking for a newer, bigger or better home? >> well, that's a great question, brian. it is really a little bit of everything where do i start if i think about our quarter, you know, we had the greatest year over year growth among the first-time buyer it was closely followed by our 55 plus, what i call the lifestyle community buyers they were up well over 50% year over year. a little bit more understandable with the lifestyle buyer when covid happened last spring, they were the first to retreat and really not get out in the marketplace. when i think across the geography, we see migration patterns we have not seen before generally, i think we would see somewhere between 10% to 15% of
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out of state buyers across the market today, that was nearly 20% i think the reason why, brian, there are so many. what people learned about their home during covid and the remote work environment there are a number of different factors driving it the importance of health and safety in their home you and i have talked about that before that drove us to healthy living inside the home. >> yeah. we all are looking for more space, obviously sheryl, during the pandemic, you have a couple of kids trying to quote learn virtually and both parents who need to work we highlighted the price of lumber on the show we highlighted this week the price of everything is up. how much more expensive is it for you to build a home now and are you able to raise the price enough to cover your higher
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input share? >> i think we have been able to keep prices just above cost, brian. as you mentioned, we have seen over the last four or five mont mo months that is what i have never seen before the lumber moving at the level it has we are anxious to see full capacity back domestically if we can get the full supply on, we can get lumber to level out a bit. like i said, although costs are recognizing, when you look at the limited supply, prices are up we have to keep our eye on, brian, is portability. when i look year over year, given the benefit of interest rates we're seeing today, the consumer is still ahead of where they were last year. i think about the buying power they have today over a year ago. even if i think about the affordability index that just
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was published in "the national association of realtors" we are still above the long-term average. >> you know, it used to be you walk around the house and poke around say imagine the picture here on the wall now everything is online some people are buying homes without setting foot in a house. you are launching a new ecommerce tool for housing how does it work exactly what can i do from my phone to buy the biggest investment that many of our viewers will ever make in their lives? >> brian, it's a new day what you said is critical. do it from your phone. even though we just added, which i can't wait to tell you about, the new opportunity for our customers. what we are really finding is all of our virtual tools and they are using their phone to interact with us over the last many months, we added a number of virtual tools from appointments online to
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reserving inventory homes online or go to one of our chatbot or our community on your own time and have a self guided tour. three weeks ago, we added a new tool that is where you really have the opportunity to build your home online. you can go online and you can pick the floor plan of your choice and select the lot it would fit on you can go the other way and start with the lot at the home site that is important to you and pick the home and pick the elevation. you reserve it put it in your shopping cart and reserve it we can send you a contract immediately. over the last many months, brian, we had hundreds and hundreds of buyers buy homes sight unseen a year or 18 months ago that is unfo unforeseen >> it is amazing i'm used to putting paper towels in my shopping cart. now homes in the shopping cart
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it is incredible what the technology can do. by the way, incredible numbers sheryl palmer, thank you for joining us always a pleasure. have a great weekend thank you. >> take care good to see you. all right. thank you. on deck, we get into the cnbc time machine and head back to the year 2012. the winning name in the first ever cnbc stocks draft that keeps on winning today remember who it was? we'll tell you and leading up to the launch of the special event inspiring america. highlight extraordinary people making positive impact in their communities. lester holt is speaking to lin-manuel >> what is your inspirational message to the world >> oh, you have to make what's missing. that's really the guiding
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principle. i extend it to myself. if you have seen the heights and say i love those stories, but my story isn't in there you have to get to work and write what's missing i started writing because i did not see stories like that in the art form i loved so much i'm really excited to see what the next generation makes. it's make what they haven't seen. >> you seem like a guy that is always full of big ideas and hurrying to do what you want to do are you an impatient person? >> i'm both patient and very impatient. you know, i work in an art form where i know it will take me minimum three or four years to make the thing you know, i would say in the heights of my 20s and "hamilton" took up my 30s i'm staring down my 40s. >> the journey from the idea to on broadway. >> takes a long time >> tell him the 40s are not so
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bad. the 40s feel kind of good. for more from lin-manuel miranda and more from the inspiring america airs tomorrow here on sunday on cnbc at 3:00 p.m look at the amazing folks. hear their stories across the nbc platform we're back after this. woo! you are busy... working, parenting, problem solving. at new chapter vitamins we've been busy too...
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innovating, sourcing organic ingredients, testing them and fermenting. fermenting? yeah like kombucha or yogurt. and we formulate everything so your body can really truly absorb the natural goodness. that's what we do, so you can do you. new chapter wellness, well done. tailor made or one size fits all? made to order or ready to go? with a hybrid, you don't have to choose. that's why insurers are going hybrid with ibm. with watson on a hybrid cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you.
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it is time for the morning rbi. like yesterday, today, we're talking about drafts not the nfl draft like we had thursday something far bigger the cnbc stock draft if you missed it yesterday on "power lunch" they rolled out the draft. ten players pick two stocks and hold them until the super bowl winner take all. the first pick went to tim seymour. despite the name stock draft, he did not pick a stock
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bitcoin. a bold pick. like football trivia yesterday, here is stock draft trivia the very first pick in the first stock draft back in april of 2012 it was herb and jenny and myself it was blackbetrry maker researh in motion. the first winner is that guy right there. boom bust blog author reggie middleton. he picked google what a pick it was not just since then, but the first ever pick in the draft google or alphabet shares are up 700% put it another way if you bought 100 shares of google at the start of the first stocks draft paying $30,000 at the time $30,000 and threw into google, you would have $240,000 today. $210,000 gain for just buying a stock and doing nothing. pretty cool, right the power of compound returns
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and the markets. the draft is not just fun and games, although it is, there is potentially serious money to be made good luck to everyone and this stockgie back for an encore. one of the first ever stocks draft in 2012. someone in the stocks draft this year is stephanie link. strategist at highhtower and cnc contributor. she joins us now step stephanie, good to see you high power or whatever the teams in the draft in year went with things like bitcoin. tim's first pick tesla. you picked relatively old school stocks boeing and las vegas sands we will fly to vegas and gamble. is this the reopening trade in the draft? >> yeah.
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i was surprised at all of the choices. i think they are all good choices. there are more momentum versus what i am. i'm trying to find stocks that are still depressed, if you will i believe p strongly in the reopen trade given what we're seeing on the economic momentum. look, boeing is the ultimate reopen stock they will benefit from travel recovering leisure is recovering. business travel is more in the next couple of quarters. look, they fixed the 737 max issues and production rates are still in line with expectation of the production by 2022. they have gotten 787 fixed they had great orders from southwest and ryanair. why that is important, brian, is because the inventory levels
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will shrink which means free cash flow goes up. that is what this stock trades on i like the boeing name i also like las vegas sands. it's kind of fun. >> it is fun it is fun to think about a lot of people out there. unfortunately negative headlines get headlines. we'll never go back to the way it was i remember hearing that after 9/11 new york would not go back it did housing bust housing will never go back it did and then some we will get back to everything the way it was it may take time, but that's why i think you're buying a marriott and a wynn you are buying five years out, are you not? >> absolutely. i will tell you that while las vegas remain s depressed. sands is selling assets in vegas. a big sale of $6.25 billion in s vegas and they are putting that money in asia.
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that is interesting because it is seeing an improvement total revenues in the quarter grew 15% sequentially. i know againstexpectations that will recover first and then you get las vegas. i think this is only up 2% totally has under performed the group and i like the low expectations >> yeah. i like it. by the way, speaking of getting out there, okay. a lot of people were locked down in certain parts of the country. if you are single, you are getting out there. you will go to tj max x and buy new shirt and go on the date that you set up on match. >> absolutely. i think tjx wants the treasure hunt people like to go to those stores by the way, it is a hidden housing place. to the last segment, they benefit as housing continues to
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recover. match, people will get out and about. i like spin. this was a spinout >> there you go. lvs and boeing in the stock draft. good luck, stephanie have a great weekend thank you for joining us folks, like that the week is over by the way, futures are down 81 on the dow it may be volatile keep that in mind. have an awesome weekend. be well. see you on monday. "squawk" and the gang pick it up next
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good morning not a complete surprise. big, big numbers for amazon. the stock jumping to a record high as sales hit $108 billion
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a full rundown is straight ahead. twitter shares crushed despite better than expected results. we'll show you how the company performed in the quarter mostly devoid of some guy named trump of his tweets. another big day for earnings we hear from chevron and exxon and bring you the first interviews with executives from both it is friday, april 30th this is it you know what's next sell on main go away. "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc

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