welcome, everybody, to "power lunch" for a friday afternoon. i'm tyler mathisen we're seeing the markets move a little lower on this final day of april let's bring in mike santoli for more on what we have seen in these days of april. mike >> yes, some month-end trimming, giving back a little bit of the gains we've had for the month of april. interestingly all the gains were piled up in the first half of the month. this right here is april 16th, exactly two weeks ago today we closed near 4180 and change. during earnings season we had great results but priced in. late january, also before that late october, as companies reported great numbers, the market did not do a whole lot. it was a pause twitter, big loser today the results were not that far

from expectations, guidance maybe a little disappointing, but not really showing the benefits of too much scale and also some user engagement slippage got people concerned right there. also a big pandemic winner was clorox as well as other household products makers. some cost pressures in their manufacturing that might actually weigh on that it's been out of favor year to date it was a huge winner in 2020 on the plus side moderna up again today, 3.7%, having an amazing run-up 74% year to date after a good 2020. really talking about ramping production even further in covid vaccines through 2022 because demandes going to stick around, kelly. >> michael, thank you. mike santoli. as vaccinations rise and consumer confidence soars, demand for hotels is starting to rebound. hotel occupancy has been on a steady rise and this week the

mayor of new york city said the city would fully reopen by july 1st. we asked landry's ceo about that earlier this week. >> a state like new york is still off 50% because they're making it so difficult on tourism and still not allowing groups for business meetings, et ce cetera, et cetera. >> let's bring in another power player for more. jonathan tisch is the chair and ceo of loews ho ss hotels and ce of the new york giants welcome back. >> thanks for having me. great to see you. >> what is happening in terms of bookings it seems like day by day the economy is getting stronger. >> it is a day-by-day experience for all of us in the lodging and travel industry. things are getting better, but we should also note that it's a bit uneven resorts are doing well high-end luxury properties are doing well

the airlines are adding capacity for the summer the cruise lines look forward to launching their ships again in july/august. so there are very positive signs that we're seeing. but with the lack of business travel, with the borders still closed, a couple of the demand generators that are really important to us, meetings, business travel, international travel, they're still problematic. we as an industry working through the american hotel and lodging association, working through the u.s. travel association, we are talking to members of the biden administration about how we open the borders, about how he don't send mixed messages. the state department said there are something like 80 countries that you shouldn't travel to that doesn't exactly jive with what the cdc is saying so we are working on it, we're making progress, we're getting there but we have a long way to go this has been a really difficult 14 months. >> i hadn't thought about the geopolitics and the impact that might have on hotel bookings,

that's a really interesting point. let me pivot and ask about at least in this country with the hotels reopening, again with occupancy much lower than you'd like it but now that we're looking down the summer, i don't know what the status is for a lot of the workers typically coming to help with hotels and other seasonal businesses, but are you able to get the workers you need and what's going on with wages >> once again it depends on the market if you look at the state of florida, we have eight hotels in orlando with a joint venture with comcast nbc universal, five of our hotels are currently open, two more opening pre-memorial day miami beach is the market that has come roaring back. so depending on the market, depending on the ability to find workers, there are some instances today where it is challenging. i know that tillman referredto it a couple of days ago. other markets people are coming back let's keep in mind that we had a

massive amount of unemployment in the travel and tourism industry some 5.8 million people were out of work during the height of the pandemic 3 million of them are still looking for jobs so, yes, there are markets where we need to find people and especially here in new york as we're now eopening restaurants are reopening. the governor two hours ago said new york city restaurants can go to 75% capacity, which is terrific so there are labor shortages but as an industry we're dealing with it at loews hotels and dealing with it as a company. >> you're giving some context around those headlines, that it's not happening like that everywhere, that it's maybe more uneven now than it would seem. i'm curious because we were just speaking about this, are you going to require vaccinations for any of your employees, whether at the corporate office or in your hotels in order to return to work do you think that's necessary, especially in a business where some of your guests, for instance, might be squeamish

about who they're going to come into contact with? >> i'm going to use the two words referenced in your earlier piece and that's we are strongly encouraging our team members to get vaccinated i am very much pro vaccination i got my first shot in december. we are messaging to our team members they are vital to what we do as a company we think this is the right thing to do. we are giving them a bit of an incentive. once they show us that they are fully engaged, they will get an extra day off. we are finding good response to that we know that we are here for them once again, they are the backbone of anything that we do as a hotel company or as an industry is dependent on our team members we want them to be safe, we want them to be sound because if they're good, then they'll make sure that our clients and our guests are also good >> let me ask you, jonathan, a couple of questions if i might, beginning with where you just left off are you finding that there is a resistance to the vaccine uptake

among your workers have you had to be more persuasive than you might have anticipated? >> i think that our vaccination rate for our team members is pretty much in line with what you're seeing across the country, across certain markets. our team members are part of the community. they care about their families so we're having pretty good success ensuring that our team members are coming to work vaccinated it's an important message we think because safety is what we've been talking about as an industry for the past 14 months. one of our frustrations is that when you look at the group business, which we hope comes back very soon, when you look at big meetings, when you look at gatherings, we're lumped together with other rules and regulations and we don't think that's quite fair to our industry we know how to keep people safe, we've been doing it for 14 months we know the protocols that our guests are looking for, we've been doing that for 14 months. so we need all of the segments

of our industry to come together for a robust recovery. when you look at the numbers in new york, we're getting there but we've got a long way to go we think when you can hopefully have events like the u.s. open with fans, when you can have the u.n. general assembly with participants, when you can have the new york city marathon with 35,000 runners, that's going to be the moment where we know we're back and people are safe and are using the various assets that our industry has in new york city and around the country and keeping people employed. these are good jobs, we want to put people back to work. >> so before we get to the new york giants and the draft and what's ahead for the nfl this season, let me just follow up there. you said earlier that return to full normalcy in your business depends on three things. one is return of international travel, two is return of business travel, three is return of large events, business events or events like the marathon or u.s. open and so forth

what are you modeling through the end of this year and into '22, '23, in terms of when you will get back to close to 100% of, say, 2019levels? what is your forecast? >> tyler, on the group side, we saw many of our clients push from going back to last year, keep pushing quarter by quarter. we started 2021, vaccinations were just being rolled out, so we had some groups they pushed to the second quarter. we now have other groups that are pushing to the third quarter. we are starting to see groups come back. we are very optimistic about group business in q3, q4, next year in 2022 we're starting to see investment banks book a couple of our hotels with big meetings that is very optimistic. but remember that so far the renaissance in our industry, if you will, is based on leisure

travel it's people getting in their cars and going to a destination. although we're very optimistic about the tsa numbers, they're now showing about a million and a half travelers a day by air, so that's positive so we have the leisure travel piece of it, we have business travel, which is a bit of a hope that people will once again want to see their clients in person, that they're going to go to meetings we probably won't see a return to business travel numbers that we're going to be pleased with until after labor day. international is a big question as we discussed. these events are really important. you're starting to see places like vegas put on big events i know in arlington, texas, where we have the loews a scarlo hotel, the texas rangers, 41,000 people at a home game. a week from tomorrow there's a fight at at&t stadium right next to our property. 60,000 people will be there to

watch this middleweight bout so we get excited in certain parts -- >> so let me -- let me jump in and ask you, you lead right to my next question and that is what is the giants stadium going to look like i still call it giants stadium, forgive me what is it going to look like come fall? is it going to be 100% capacity to begin with or working toward 100% by week now 17? >> i would say that is a stadium-by-stadium, municipality-by-municipality decision we don't know yet what governor murphy will allow us to do at metlife stadium in september we're optimistic the numbers are getting better certainly the capacity limits are being reduced as we're seeing in restaurants, large events, social events, so we're optimistic there are states that are letting people come full capacity so it's going to be market by market, stadium by stadium we certainly hope that our fans

can come back. we're excited about the draft last night we're excited about some of the players that we picked up in free agency. you and i have talked about the nfc east and so i know that you are thrilled to see some movement there also, but we're optimistic that we'll put a lot of fans in metlife stadium. >> well, i can't wait to see you there at a game this fall. i know my son is counting on it. he's very excited about the pick you made last night, the florida wide receiver who's a real playmaker. jonathan tisch, great to see you again, sir. >> kelly and tyler, thank you so much for having me have a great day. >> you bet, you too. it's been ten full trading sessions since the dow last hit an all-time high and that coincides with the flood of earnings reports that on balance have been good so why, why, oh, why has the rally seemingly stalled? we'll discuss that. and the run for the roses back on the first saturday in may and the event is a make-or-break day of the year for churchill downs. the stock has had a nice run, up

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all right, when is near perfect just not quite good enough apple, amazon, microsoft, amd, blowout earnings this week easily besting across most metrics but investors didn't reward those good numbers. in fact microsoft and amd ended the day after their reports

lower, and apple kind of flat. amazon has lost nearly all its gains today. even the wall street darling apple, who grew in all of its product categories ended up sort of flattish. so have we reached a point in this rally where even the best is just not good enough? let's talk about that with gabriela santos from jpmorgan asset management and ron insana, senior advisor to schroeders north america and so much more mr. insana, is this just sort of a pause before the sort of rising prices resume or is it just indicative of what may come until we get another catalyst? >> all of the above and the fact that they are waiting to see on wall street who the buffalo bills will draft owe gregory rousseau was a big win so i think they'll resume the upside activity relatively soon we have a whole year in the

first three and a half years of 2021 we've had the best 100 days in the presidency since fdr and discounted a lot of good news. it's hard to predict a secular bear market with the fed still friendly and federal stimulus still in full bloom, if you will so a pause that refreshes, perhaps. the risk of a correction is still there but this market has come a long way in a very short period of time. >> gabriella, i note that you point out that europe particularly may be at least a quarter behind, maybe a little bit more does that suggest that right now would be a good time maybe to put some chips into the european market >> yes, we do think so every conversation i've had with clients this week is we know the economic data is amazing in the u.s., we know the earnings data is surprising positively, but that's already reflected in how far we've come what's next?

and in terms of what's next for the global recovery, it does seem like europe is next in terms of first quarter gdp, we saw europe had a contraction in the first quarter, but that's old news the forward-looking data is showing us some green shoots in europe, doubling the pace of vaccinations in april, economic confidence moving to prepandemic highs for april and pmis surging by close to five points over the last two months. so we do think europe is about a quarter behind in terms of economic growth and this is really the time when european markets should pick up the baton. worth remembering europe is a much more cyclical market than the u.s. is, so it's just also a better cyclical bang for your buck at discounted valuations. >> i think that's a very interesting point. you point out in the note, gabriela that 55% or thereabouts of the european market is

classified as cyclical as opposed to something in the 30s for the u.s. market which would argue for exactly the economically sensitive point that you're making there ron, let's talk a little bit about the topic that was hot earlier this week and that is inflation. the fed seems to be saying it's not terribly worried about it if it spikes up because the measures are going to be coming off extraordinarily low points a year ago, so the year-over-year numbers may look more concerning than they really are where do you come down on that interest rates are roughly where they were a week ago >> yeah, and you haven't seen the bond market vigilantes, tyler, lose their mind over this 10-year is 2.4% so we've seen a bit of an uptick lately but not a huge acceleration. in the gdp report the personal consumption expenditure deflator was advancing at a pretty fast clip, 3.8% but in the personal income and spending data it was

slower at 1.8. i tend to think it's a one-time level reset that will work its way through as we discussed before granted, the fed is buying a lot of bonds so that could be a constraint on long-term interest rates and their ability to send an inflation signal, but i still think the bond market vigilantes will overwhelm the fed if they were concerned we're going to get out of control here. >> gabriela, if we're focusing solely on american stocks, u.s. stocks, including multi nationals obviously, are there one or two sectors that you would favor putting fresh money to now and one or two sectors that you would shade or fade right now? >> ultimately i think our view for the u.s. is fairly positive. it's just that we're in a much more mature phase now where the face of returni is slow, you se some corrections along the way and have some tug of war between the value and the growth style

with dispersion beneath the surface. so in terms of the value side, financials would be our top pick we still think the curve continues to steepen, we're only halfway there. the biggest steepening happened very fast, but we're still not done yet over the next 18 months financials is the best way to play that. on the growth side, technology broadly speaking is still a long-term structural theme that's the u.s if you want to do that globally, europe is the best value cyclical play and china the best one in terms of structural growth. >> are you giving me your winners. give me your sinners, two that you would fade here in the u.s. market, gabriela, quickly. >> so for the u.s. market we are still not at the point where we would be looking at defensives they do have the most interesting valuations, but if we're speaking of a process of curve steepening that's only halfway done, those are not the sectors that would do the best especially when you do still have a very good fundamental

backdrop. >> defensives would be utilities, energy, et cetera right? >> would be mostly utilities, consumer staples those would be primarily defensive ones energy we would put much more in the cyclical camp. >> all right gabriela santos, thank you very much ron insana, great to see you have a great weekend, folks. >> you too, thank you. and up next, the trending meme stock we told you about, microvision, is now sinking again. we have that and more in today's power movers. as we head to break, april is wrapping up and so is financial literacy month we've been committed to sharing messages about the importance of financial education. here's nbc know your value creator, mika brzezinski. >> financial education is fundamental. you have to be able to do the math, whether it's a huge negotiation or a huge contract or a huge business you're running or a small business

you're running you've got to be able to do the math immediately, in your head even so financial education i fundamental to success and it should start at a very young age for both boys and girls.

welcome back to "power lunch. it's time for today's power movers after a massive climb earlier this week, microvision is plunging 20% the tech company is the latest to gain popularity on social media sites like reddit. skyworks solutions down. its outlook disappointing some investors. finally restaurant brands up about 2% on a big earnings beat. the burger king parent company saying systemwide sales topped 2019 levels with some chains doing better than others the company's ceo will sit down with wilfred and sara next hour on "closing bell." ahead on "power lunch" the kentucky derby will be run tomorrow the most exciting two minutes in sports the big moment for the reopening down there in louisville and an even bigger one for sports betting. the ceo of churchill downs will

join us next to discuss that. plus a stock draft recap man, did we have fun yesterday doing that who drafted the best portfolio 'lbrk it down when "power lunch" returns did you know that petco, is now a health and wellness company? their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss? just everything regarding our physical, social, and mental health. exciting. i'm gonna take a spin around the room.

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welcome back i'm rahel solomon and here is your cnbc covid update at this hour we just learned that the biden administration will immediately start restricting travel from india due to the worsening covid crisis there in the u.s. a new vaccination milestone. as of today more than 100 million americans are fully vaccinated that number has almost doubled over the month of april. the daily vaccination rate, however, is down from two weeks ago and officials acknowledge it's getting harder to find people willing to get the shot when asked if new york city's july 1st reopening target is realistic, the head of the cdc was optimistic >> we are focused on getting people vaccinated and decreasing the case rate. if we can continue at this pace, vaccinations going up, i think july 1 would be a reasonable target. >> the city, by the way, taking another step toward a full reopening with an expansion of

indoor dining to 75% of capacity starting a week from today welcome news to struggling restaurants. and the dallas cowboys are trying to help raise the state's vaccination numbers. they are partnering with local health officials to offer shots to fans attending last night's nfl draft party. whatever does it kelly, i'll send it back to you. >> rahel, thank you so much. the dow is down about 275 at the lows today we're off that level, it's down 185, about half a percent. we've seen the s&p and nasdaq sink a little bit in the past hour the s&p down two-thirds of a percent. the nasdaq down three-quarters of a percent and small caps are down more than 1% today. the oil markets also closing let's go over to bertha coombs for those numbers. >> hi, kelly crude closing down on the day and the week, but up for the fifth month in six and up more than 30% for the year as we head into the peak driving season when prices tend to go up nat gas, meantime, a laggard in the energy complex

it is the best performer in april and year to date exceeding gains for all of last year a drop in oil, though, heating energy stocks despite exxon and chevron reporting a return to profitability. still, the energy sector is poised for a sixth straight month of gains that's the longest win streak since 2011 tyler. >> bertha, fantastic good to see you. tomorrow is the 147th running of the kentucky derby, the oldest continuously held sporting event in the country. even though last year the first saturday in may race was held in september. essential quality leads the field right now, 2-1 favorite. the event expected to draw about 50,000 fans or about 50% capacity of normal at churchill downs. churchill downs, the operator of the derby, expanding its online gaming platform twin spires ahead of the run for the roses joining us now is the ceo of churchill downs.

bill, welcome, good to have you with us. how good does it feel to be back in the first saturday in may with a house that is going to feel real, real loud even though it may just be 50% of normal it must feel awfully good. >> it feels amazing. there's a sense of optimism and confidence that has been missing the last year or so so it's great to be a part of it it's been shocking how good it feels and how normal it feels. so it's a really happy day for us here in kentucky. >> what, if any, safety protocols will you be following tomorrow for the fans, for the people who are involved on race day, whether it's jockeys, trainers and the like? >> well, we're still practicing social distancing with respect to people's seating, so there's lots of open spaces in the boxes and the other seating areas. that's not a function of demand, that's a function of us not selling to capacity in order to

establish some social distancing we're also still asking people to wear masks when they're not eating and drinking. it's been pretty good compliance with that. we have a team of people going around trying to make sure everybody observes that. we're doing the best we can and so far it's been pretty good >> yeah, i see one of your patrons back behind your left shoulder there and actually is wearing a mask let's talk about your business and there's basically good news. one would expect good news compared with the quarter a year ago. tell us about it, but it seems that everything is coming back very nicely. >> yeah, for us we had a really great first quarter. not only did we double what we did in 2020 but we are actually up 50% over 2019 first quarter so for us we're a company on a rapid upward trend we're growing really well. we've been growing consistently and we actually grew pretty significantly since our pre-covid period so good news for us and it's fun

to be a part of it, especially on a sunny day like today. >> where is the greatest -- forgive me for interrupting, i didn't mean to, bill where is the greatest growth coming from? is it from your offsite digital platforms? is it from casinos where? >> that's a great question it's coming from two areas one is our online business, 29 spires and also our brick and mortar casinos as covid restrictions started to lift in the first quarter, they have done so well that they have exceeded what we did in 2019 pre-covid but we have added a few extra that we were building during the covid period. so those two areas account for most of the growth when it comes to the kentucky derby, yeah, we'll be down this year compared to 2019 just because we can't bring as many people here as we normally do, but i think a sign of health we'll see in the wagering on the event, i think that will look

really, really strong compared to not only 2020 but 2019 and the years prior to that. >> you have twin spires, the gambling app you say that players in three states, indiana, pennsylvania and colorado will now be able to bet on professional sports like the nfl, nhl, baseball and so forth. how's the competition? and where do you think your sweet spot is going to be? you've got fan duel, you've got draftkings and others who are in there in that pro sports niche is your niche going to be -- are you going to compete head-to-head with them or go more after other things? >> right now our strength has been horse racing, which has been around and bet online for a long time. when it comes to the future, we'll pick our spots i don't think every state will offer the same amount of economic opportunity we have to make sure in a

company like ours, we have to make sure that we enter these new states and these new markets carefully because actually in gambling it's not hard to have a good top line. the most important thing is a good bottom line it's a margin driven business. so we don't even want to match over player incentive, we want to pick ourspots and let some of the frenzy we've seen out in sports betting get out there and settle down a little bit before you start seeing us practice our models as we practice for a long time in horse racing. >> the favorite tomorrow is essential quality, but i know a lot of people will be watching a couple of other mounts there one is borbonic ridden by the first black jockey to have a ride since 2013. and no black jockey has won since 1901-02, and vicki oliver, the first female trainer, will be -- she won't be on, but she

will be bringing hidden stash. so you've got some firsts to talk about >> yeah, it's actually a great race overall for the first time at least in a few years, it's not going to be challenged by weather. so i know there's a strong favorite, but from my perspective there are a lot of really strong horses there, including the one you mentioned. so i think we're going to have a great, great betting race. i hope you see that reflected in our numbers. >> all right, bill i'll be wearing a big hat tomorrow thanks a lot >> thank you my pleasure, thanks for having me >> kentucky derby day, it starts tomorrow at 2:30 p.m. eastern. where? on the peacock, nbc, kelly. >> maybe we're all going to wear big hats, ty it feels fun to celebrate, have things to celebrate again. let's get to the bond market now. we can celebrate that with rick santelli out at the cme. hi, rick. >> hi, kelly no, i want to see a picture of

tyler in that big hat on monday. i don't know about the rest of the viewers. when you look at a chart that starts around 7:00 a.m. eastern, you can see interest rates started moving lower when right after all the numbers were out. believe me, every number was strong personal income at 21.1% it's the biggest going back to 1946 when numbers started. university of michigan final april numbers, been proved over mid-month. it was a good day today, but nonetheless we saw yields drop at the end of the week look at a week and a half chart. this is important. you can see how it slices the action at 160. if you look at what's going on in bunds, yesterday they hit a 15 1/2 week high and closed quite close to that. what's going on in the uk? rates are going up all over the world. here's a chart and the gilt is closing at 84 where it ended last month but it's at the highs of april and finally euro currency versus

the green back euro down, dollar up the dollar is up a little less than half of 1%. kelly, back to you, and have a good weekend. >> thank you, rick, same to you. well, april showers bring may flowers for stocks our traders break down which underperformers could flourish next month. after this quick month, check out some of the strong egs performers in the dow this month, also the nasdaq and the s&p. we'll be back in a moment.

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don't just sell it. ten-x it. welcome back to "power lunch. i'm courtney reagan. we've all heard april showers bring may flowers but can the same be said of stocks check out some of the biggest losers despite the broader markets with highs let's ask your trading nation team, craig johnson and danielle shea danielle, do any of these names

stand out to you as bloomers to come >> courtney, i like ebay when you look at ebay, this is a really good company, they have seen amazing growth throughout the pandemic they dropped on earnings and one of the main reasons why is they had noted in future quarters they're not going to see as strong a growth as what they saw throughout the pandemic. i'm looking at this as a great reason to buy the stock. for one, i don't think that people will go back to their previous habits. i think consumer habits have changed. while they're trying to be cautious for next quarter, i do think people will continue to buy online additionally i love the levels option traders could sell some credit spreads, pick up the stock at these levels and i'm looking for it to actually do very well next quarter ebay is my pick here and i'm sticking with online shopping. >> craig, how are the charts looking to you any names that you think are poised for a breakout? >> so, courtney, i'm going in a

little different action than where danielle went. i'm taking a look at boeing. i think that's a stock that d blossom. if you look at this name, this stock has sold off 7%. it's coming back into a big area of support around 300 and from our perspective any sort of move above this sort of 369 level will open the door for a whole other leg higher in here this is a stock that we think should be bought and we think it will be a winner >> i think stephanie link on the stock draft also picked boeing craig, danielle, thank you for joining me for more trading nation head to our website or follow us on twitter @tradingnation tyler, back to you. court, thank you very much the stock draft might be over but the competition is just starting up. lots of interesting picks starting with bitcoin. it went number one overall, it's

the trevor lawrence of the draft. but the stock draft is a marathon, not a sprint will it still be hot by next january? guy adami joins us after this next break he will be the mel kiper of the draft and break it down for us we'll be right back. and now the latest from tradingnation.cnbc.com and a word from our sponsor. >> wedge patterns often signal inflection points for stocks a bullish wedge occurs within an uptrend and consists of two converging trend lines slanted downwards. conversely a bearish wedge occurs in a downtrending and consists of two converging lines ing up i'm lee bohl and schwab is the better place for traders

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welcome back it's only been 24 hours since the cnbc stock draft but we're seeing big moves in the top picks, including amazon and bitcoin. both are up nicely today joining us to discuss his take on yesterday's draft is fast money trader guy adami guy, it's good to see you again, rocking the casual friday look bitcoin has given him an early

lead. >> listen, i understand why tim did it he knew it wasn't going to be there if he didn't pick it early so with the first pick he went big or he was going to go home i love what tyler was doing about his pick, but i've gotten to know michael saylor and he's converted me he talks about converting assets in terms of liabilities of a balance sheet into an asset. they have 90,000 bitcoin now can you imagine if over the next couple of months apple says we're going to put 10% of our cash holdings into cryptocurrency you know what's going to happen then so tim is saying this is going to be a double by this time next year and you know what, he's probably going to be right. >> let's talk about amazon, would you call that one a double this is where maria picked the name jim had warned you don't want to pick a name like that when it could all of a sudden move the wrong way on you by seven points in a day but he benefitted the

stock higher >> it was a ridiculous quarter on just about every metric, not the least of which operating margins were out of this sight in terms of amazon look at the price action today, kelly. you just talked about it you're going back and looking at the same levels we talked about in september the arm chair technicians which are going to start talking about a double top so i get it this goes for the next year or so so there's a lot of time. but the price action specifically today in amazon is discouraging you know, i would have rather gone other places where you get sort of more of the beta, stocks that have sold off that maybe are going to get that move over the next few months. and there are many on that list, and we talked about it you and i yesterday. >> one of the names that took everyone by surprise was the solar etf tan. we talked about the biden administration and that sort of thing but it is already down 3% today. >> down 3% today but it's significantly off its all-time

high what amazed me about him was his ability to tell jim cramer that jim was thinking about new zealand and chile. mel said it just by that definition alone, he should win this thing every single year i don't love that pick i see what he's doing there but i think there were better places to go. etfs by nature, and i'm going to upset bob pisani here, are pretty boring. i would have gone elsewhere. >> so any etf, guy, is not a place where people can win the stock draft? >> yes, that's my point, i guess. i'm not casting aspersions here on the etf community, you get it but for this specifically i would have gone with individual names. i get why tan is in there. listen, kathy woods arc is in there as well so i understand that but i think there are more interesting places to go if i had been awarded the first pick in a draft, this is going to surprise some people, i might have taken either palantir or ford you look at that quarter out of ford, that quarter was

ridiculous and it gives you a glimpse of what ford can be going forward. listen, i understand why the stock is down, chip shortage, the whole thing, but there's so much runway for letter f, i think that's the place to go. >> i think jim said if he was picking his names that ford might be one of them what about lennar, this is what andre iguodala selected. he talked about the fundamentals of the housing boom and even about some of their venture capital -- not venture capital but their investment arm, their innovation, a lot of different planks that could be part of this story is that going to be enough, do you think? >> no question about it. i think -- listen, again, i thought andre made an interesting pick jim loved it i think it would have been there in the second round for him. getting to the stock specifically it's had a huge run. look at the move it's had the first four or five months. stocks spiked up north of $100 they say interest rates going higher doesn't affect them

i'm not so sure that's the case. i just think it's run too far too fast i just think from $100 what it's going to be looking at next year i like the pick. maybe he knows more than i do which is absolutely a possibility. you've watched "fast money" the last 14 1/2 years. but i just think there were better places to go. >> we appreciate that post draft analysis have a good weekend. tyler, over to you >> guy, great to see you andre's other pick, tesla, is doing real well today, up 5% up next, companies grappling to reopen. how happy are employees right now? despite the obvious impacts of the pandemic, we'll give you results from a brand new cnbc survey and don't miss the cnbc small business playbook event may 4th, tuesday. check out the full lineup, register now,

cnbcevents.com/smallbusiness playbook don't forget the slash, small business playbook. we'll 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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america feeling right now? rahel solomon joins us with results from a brand new cnbc survey and survey monkey survey. rahel. >> it has been a rough year so it may be a surprise that a full year into the pandemic workers appear to be just as happy as they were pre-covid. we surveyed more than 8200 workers in the u.s. as part of our latest cnbc/survey monkey survey and happiness remained at 72 that's the same result three surveys in a row, all conducted during the pandemic. in 2019 the score held around 71 so despite the pandemic and of course news of employee burnout, employee happiness does happen to have stayed consistent. 90% of respondents indicated that they find their work meaningful 86% say that they're satisfied with their current job and 83% say that their contributions are valued by their colleague the. one group that does appear to be less happy at work is the 24% of respondents who feel that their organization is just not doing

enough on diversity and inclusion initiatives. this group is not only more likely to report feeling less happy at work with an index score of 63, but they're also less likely to say that they are well paid. when we look at employee satisfaction by gender, that's almost identical between men and women. older workers tend to be the most happy with 90% of those 65 and older telling us that they're satisfied with their current jobs that number then decreases with each younger age group, tyler. >> so the younger you are, the less happy and satisfied you are with work. what is the -- are younger people likely to find that their work is less meaningful to them as well, or do you know? >> you know, it's hard to say and i hate that it fits into a stereotype about millenials and gen zers but it seems like the older you are, the happier you are. these days after a tough year with unemployment, it seems like

overall people are just pretty happy to have a job. >> no, i think that's right. speaking for those of us who are of a certain age, you're grateful for what you have and i think you are a little more able to ride over the bumps -- >> you have more perspective. >> rahel, thanks so much have a great weekend. >> i think that's very well said, tyler. have a great weekend to you as well we look forward to the hat picks. that's it for "power lunch." >> welcome to "the closing bell." i'm wilfred frost along with morgan brennan who's in for sara a weak session for the markets to cap off what otherwise has been a very strong month on track to end april with big gains. the s&p and nasdaq each up more than5% on the month but down a little over half a percent on the session. oil and energy stocks moving lower with energy the worst performing sector in the s&p 500. exxon and chevron both dropping on earnings. crude is