nervive contains alpha lipoic acid to relieve occasional nerve aches, weakness and discomfort. try nervivenerve relief. welcome to "power lunch. i'm morgan brennan with tyler matheson 559,000 jobs added in may. unemployment rate down to 5.8% will that change anyone's mind about the economy, inflation, the fed's next move. despite the job gains businesses saying they cannot find workers to fill the openings same time many companies dealing

with higher commodity costs, talking to a ceo in fact middle of that and a move by bill ackman it will be music to investors' ears "power lunch" begins right now welcome to "power lunch. markets are rising across the board. the s&p 500 nearing a record high and the rate sensitive nasdaq with the best day mike santoli joins us with more. >> popped to the open. s&p 500 making a gradual approach to the former all-time highs and may 7th the date of the closing high really just a whisper from that level. it is a top end of the range or

kind of a big breakout that's a big question. the nasdaq in a little bit of a different situation with two peaks this year. the laggard group there trying to reapproach the 14,000 mark. today the outperformer, yields down helping the growth trade back in gear for a day apple and amazon looked wounded but participating on the upside today and 14,000 kind of key over there used to say no such a thing as a triple top i don't know if that's true anymore necessarily but the flip side is the banks index. that has been very strong and flattened out over the last few weeks and treasury yields and you see down half a percent but off the lows of the banks today. a holding pattern with a positive bias the way i put it. >> when you broaden it out the s&p 500 up year to date not

surprising given the fact all eyes on the fed and the data and the jobs report today. >> without a doubt the market is held 12% year to date gain since mid-april. really nothing to apologize for that for in terms of bullish but frustration because the leadership profile is in flux. >> mike, at the new york stock exchange where i'll join you starting next week. >> standing coffee order >> i'm looking forward to that. we'll go to the bond market. rick santelli tracking the action at the cme. rick >> hi, morgan. anybody who's ever traded understands when you find relationships you stick with them and when i look at the nasdaq up so big and look at yields down so much i think today there's a bit of a tail wagging the dog in terms of

buyers moving into the equity space. look at what happens in front of the employment data yields moving down up, up and away and pull the rug out from underneath them and 559,000? normally is a great number what that is code for is it wasn't a good number this time but a lot of other component solid like wage just a chart in the third week in april at the low yields at 155 closing at a 6-week low down 3 on the week look at the bunds closing at a one month low yields and foreign exchange on the number at 8:30 eastern, every major currency rallied against the greenback. now seeing to salvage a close higher on the week after giving

back most of yesterday's strong gains. back to you. have a good weekend. >> you, too, rick. amc doubled second week in a row even as the company been selling more shares but while a handful of stocks trading out of whack you could say with traditional valuations, there are thousands of others trading on the fundamentals. if you are not interested in following the reddit crowd where should you look for safer, steadier returns we'll put that to the panel with jeff mills and ron insona. good afternoon to both of you, gentlemen. ron, i'll kick off this conversation with you and put that very question to you since i know you have strong opinions of what we have seen in terms of the so-called meme stock mania. >> yeah. i heard the commentary from guests this morning that made me

scream at the tv because the notion that the stock market is so fully democratized that the individuals have the same advantages as professional traders is bunk and the notion it won't end badly when monetary policy changes is ridiculous i can't tell you how many time over 37 years i heard this time is different democktization is great. planning for future financial needs but the stuff today is pure nonsense. it will end badly. it happened before 1999 the '60s with the mutual fund mania. 1929 isaac newton lost money in 1720. the fads, the manias, these panics all occur with a cyclical regularity and this is just another one. >> newton.

you are really -- up come prepared for a look back at history. >> i'd go back further if you want. >> jennff, i want your thoughtso this because until recently and say this as a millennials, we came as of age as adults in the last financial crisis and recession and what happened with the housing bubble bust, as well many did not invest into the market, didn't buy homes basically stayed asset light helping to exacerbate the next decade in friends and to see a new generation getting involved in trading, in investing, there's got to be pros there, too, right >> yeah. i think so for somebody still in their 30s i kind of a boomer take on this. i think it's great to get interested in the stock market but i don't know if they're interested in the right way and that's the issue because to ron's point you can't tell me

that fundamentals don't matter anymore. they do. they never mattered in the near term and now it's a different reason so maybe we have seen a permanent shift in the near term volatility especially in specific stocks but i don't think much more has changed other than that. relative to the topic more broadly, josh brown, a guy i have massive respect for and said how do you convince these newly minted investors who bought a stock and went up 800% that diversification matters that stock goes down by 50% or more or they get a margin call when that happens the dynamics may start to change. >> jeff, where would you put your money to work >> so this is going to seem very boring relative to amc going up 100% in a day and that nature but reits are an area to track

for sometime now and up 20% this year relatively unloved i think maybe a little bit overbought in the near term but that's a near term phenomenon. they've been expanding new high list it speaks to the durability of the trend to see 100% of the reit index above the 50 day moving arch, above the 100 day moving average and an area that benefits from a better economy and i think the exposures within reits surprise people right now over 40% of the index is specialty reit. communication towers and data centers and storage facilities not necessarily the companies you think of with reits duh that is the case and value as the economy continues to improve. >> i want your thoughts, ron, if someone is interested in investing in the market and the meme mania might not be for

them when fundamentals come into focus right now what looks attractive to you? where would you focus? what data points would you pull in in terms of an assessment >> you look at the economy rebound nicely today's number while short of expectations is a solid print with respect to the jobs created. the bond market handled it well. we still like the recovery trade. small over large value over growth. to a certain extent particularly in urine international equal to or slightly better than domestic coming to opportunities and cyclicals and financials so that all works. this other stuff goes up 100% in a day, go back to late 1990s there the globe.com going up 600% in the first day and people suggest we have never seen anything like this before and

individuals didn't have access to free trading or new technologies we went through this in the 1990s and '60s so i would stick to the knitting and invest as if i'm an investor. day trading is hard. i have seen professionals of great skill blow up in a matter of a single session and once monetary policy changes and something that warn buffet says and find out who's moving naked when the tide goes out when the fed moves the tide will go out. >> thank you for joining us. >> thank you. bin general is leading the s&p 500 today. why they have a lot riding on a fda decision. ball corporation, you may know it as the bottles and cans company, also an aero space. that stock is down 12% in a month. we'll talk to the company's ceo about the challenges facing ball and other companies right now.

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and customers safe by working from home... ...and using precautions in store. see what we're up to at xfinity.com/commitment welcome back to "power lunch. we are tracking movers in biogen today. that stock up around 6%, close to 6% ahead of a key fda decision on monday to decide the fate of its alzheimer's drug

if approved it would be the first treatment to address underlying causes of the disease and analysts are split on whether it will get the green light and biogen is a strong performer in 2021. up almost 18%. the etf roughly flat on the year morgan, back to you. >> rahel, thank you. now a company in a middle of lot of key issues. ball corporation with metal packaging for beverages, foods and household products and materials found in aerospace equipment. john hayes is president and ceo of ball corporations joining us now. welcome to the show. >> good to be with you. >> let's talk about what you are seeing right now as we do see the economy come back to life here in the u.s. and other parts of the world you operate what does that mean for manufacturing right now, especially given the fact

aluminum prices up 22% on the year >> we haven't miss add beat. deemed anessential business since the get-go and going nontop i think north america in terms of recovery is further aahead of europe and south america, probably in that order but our business can't keep up with demand we are investing three to 4x typically what we do to keep up the demand might be unique to us making metal beverage containers and saw a big boom in the business and it continues largely because of the sustainability angle. >> that's interesting to hear. so as you see restaurants, event spaces open up you expect the demand for the containers to continue >> they do here's a great example think about spike setter ises. look at the number of people with a beverage of a spiked

seltzer of some sort they're opening channels that didn't exist precovid and i think today's world people look to nielsen data as a good barometer of what's happening with our business that's a smaller but important part there's many channels that opened up and trying to create an opportunity from it. >> investing heavily building more manufacturing facilities here in the u.s. but seeing raw material prices increasing, i mentioned the jump in aluminum so far this year what does that mean in terms of not only costs to manufacture but how much you can realize higher prices in the end market? >> first, first and foremost, aluminum, about at the same price of three years ago it's up but i think it has -- there are some volatility in that i think that the tariffs that were enacted a few years ago are

not a help we are trying to stimulate on shore manufacture of aluminum but i think overall you are right. we see inflation we have no choice. we don't have a cost structure to allow us to absorb that so we have been pushing it through the supply chain and inflation, we have not lived with inflation in 30 years in a meaningful way and there's relearning to happen to deal with an inflation their environment. >> i realize that the biden administration is looking to have talks around the tariffs where the eu is concerned and the fact of duties in place in general is that a reason you invest in the u.s. for more manufacturing? >> not necessarily at the end of the day we are a local manufacturer shipping a few hundred miles might as well tack dollar bills on the palettes chewing up the freight and the sustainability, it is interesting, go back to

2018 that's really when you saw tangible evidence of the sustainability movement of anti-plastic and accelerate and then covid hit and then as the stay home measures, pantry stuffing and yes the month of april and may some more challenging year over year comps with the pantry stuffing but seeing relative to '19 strong growth and in my 23 years i have never seen the end marks as strong. >> aerospace is part of the business smaller than the beverage, packaging and other markets you focus on but what are you seeing in terms of increasing or recovering aero space demand given the fact that you also do a lot in the defense and specifically space sector. >> yeah. exactly. we don't do much in the commercial, nothing in the commercial airline and it is

about defense and in terms of intelligence, surveillance and reconnaissance look at the geo political issues going on in the world and there will continuously be a need for good surveillance and fits into the sweet spot of what we do so well. >> we know that the biden administration is looking to increase spending for nasa and the space piece of the defense department, too. finally, given the broader conversation we are having do you have enough workers? can you find people? >> we are quite fortunate because we are -- our median valerie at ball corporation is $130,000 and pay full benefits, health care and pensions so we haven't had the challenges that many of the customers, for example, seem to have but there is definitely shortage of partial skills and i think as a

society we have to get the heads around workforce training and workforce development. because we can no longer leave it to someone else to do that. we are spending time, effort and energy at ball corporation doing just that. >> factory floors and the technology adopted is changing and has been changing dramatically for a number of years. something to love to talk to you about in the future. thank you for being with us today. >> great, thank you. we have a new report from the nfib showing record number of small businesses that cannot find orb fill jobs is the labor crisis worsening we'll speak to former new orleans mayor next and also on the show the mystery mega spac finally revealed spac or spark? we'll have the details when "power lunch" returns.

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new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. welcome back to "power lunch. i'm rahel solomon. here's the covid update. cdc director said she is deeply

concerned by an increase in the number of young people hospitalized for covid-19 and saddened by how many of them require intensive care and ventilation calling on parents to help get the children 12 and over vaccinated and encourage them to take prekaugs until they do. france is seeing progress coming out of the third nationwide lockdown. the number of intensive care patients dropped to a low for the year but in the united kingdom 6,200 new cases. that is still just a small traction of the surge in cases in january when the daily count above 50,000. how about this a new study indicates a previous covid infection provided significant protection for at least ten months looking at 2,000 long term care facility residents and staff and those with a previous infection less likely to test positive again compared to those that never had

covid. back to you. >> thank you. it is time for power movers. gig economy stocks surging today. doordash up more than 7% in a month. jack dorsey saying that square is considering a hardware wallet for bitcoin to hold the funds personally rather than in an exchange workhorse seeking more than 10%. cowan downgrading the stock. we did see a big mover in that name this week for more on the call go to cnbc.com/pro. all right. so ahead on "power lunch," a deep dive into jobs in america first we'll speak to former new orleans mayor mark morial about the job creation accelerating. how do we get back on track and fill those existing job openings plus improving the existing

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with just 90 minutes left for the trading week, session highs for the major averages the dow up 159 or about half a percent. the nasdaq 100 up 1.8% tech stocks leading the charge today as we have seen treasury yields slip lower. the s&p 4228 the level up .8% every sector in the green save financials around flat with tech leading the charge i would also just note that week to date we are on pace again for some gain just the oil market is closing for the day. for that to we turn to pippa stevens for the results. >> hey, morgan oil ending the week on a high note here with the eighth positive session in the last ten. wti futures up at $69.58 brent at $71.85 for a gain of

about .75 of a percent both contracts jumped to multi-year highs brent above 70 first time in 2 years and wti hit a session high bank of america is among those calling for even more upside the firm saying today oil can climb to $100 as the supply and demand imbalance skews to a tighter market still a far way to go before $100 a barrel. but certainly a trade to watch back to you. >> absolutely. been a big week for oil and energy stocks. thank you. today's jobs report showing the economy added 559,000 in may, a big number. the economy is back on track but maybe not big enough as the economy is still facing a worker shortage today a report that the record number of small businesses can't fill job openings. how do we incentivize people

mark is president and ceo of the national urban league and mayor morial joins us now. want to get your thoughts on the jobs report of this morning. from the market stand point seen as a goldilocks report the fact that we are adding jobs but maybe not at the rapid clip economists expect to see. >> when you have 600,000 jobs that were rcreated and almost 2 million since just the beginning of this year, this is the beginning of what i think is a strong economic recovery you have the american rescue plan, stimulus checks that have been put in the hands of many americans. you have rising vaccination rates and the easing of covid restrictions all of these things have been

added up point to continued strong job growth throughout the year so i look at almost 600,000 jobs as a positive eport, especially since we have been in a downward decline for such a long time. you can't just flip a switch and the economy comes back overnight. can't just flip a switch workers come back. many still have concerns about contracting covid. vaccination rates are up but not where they need to be. there are challenges with child care and there are workers who sometimes may have found some stay-at-home jobs or opportunities that may be better than going back to jobs from which they have been laid off and factors are at play but what the report shows is a recover ri that is gaining steam and picking up momentum. >> yeah. mayor, the other piece of the puzzle at least we have heard from some employers is perhaps some workers staying on the

sidelines given the enhanced unemployment benefit just more than two dozen states start to sun set the benefits earlier than the fall. is that the right mover, will that get more people in the workforce more quickly >> i think it's a cynical view of the american people that somehow people want to game the system look at it in this way if you look at the number of people worlooking for work, the are child care considerations. there's fear of contracting covid. other factors before people go back but look. while there are concerns that are being expressed the improvement in the economy and the hospitality and the leisure sector is quite strong last month so i have confidence in the american people. the enhanced unemployment benefits will burn off and i

think it's an opportunity for people to transition the lives from the great period of difficulty, covid and the downturn in the economy, many people were laid offer because of what happened with covid so this enhanced unemployment creates i think a reasonable transition for people to reorganize the lives, for those with children to get the children situated appropriately and for businesses to place the proper conditions and protocols if place so not only to get the economy back and ensure that people are healthy and safe. >> certainly we can talk about that 5.8% unemployment rate and ticked down month over month but starting to dig down into some of the data among different demographics it looks very different. unemployment for black americans continues to lag, 9% versus 5.8% broader number and that's

ticking down, too. but the divergence we are seeing, what can be done to change that? >> i have experienced here for cnbc the great concern about this disparity one of the thinlgs driving sit the battering of black small business in this recession this is why i think we need continued or an increase in the minimum wage and need more investments in workforce development and job training, why more businesses need to commit to hiring diverse communities, black and brown people into jobs. there's a tremendous amount of work to do and this if you will ratio to black to white unemployment is systemic, part of the structural inequities in the american economy we talk ab about. let's watch this disparity over

the next six months and see if it is going to narrow. that's what we want. we want the narrowing of the disparity and overall unemployment rate to come down we can place emphasis on small businesses owned by black people, owned by latinx people and owned in urban communities because that are strong employers and the battering in the recession i think helps to drive this unemployment rate not in the right direction but the wrong direction. >> before we wrap this up, mayor, i have heard that from others that small businesses within the black community were hit especially hard. why was that >> they were thinly capitalized. this is the old access to capital. if you have a reserve and face a crisis you can get through that. if your business is thinly

capitalized but operational a month missed in rent and can't pay for the inventory and out of business this goes to the disparities of capital. look at the disparity in the bank loan denial rates look at the equity markets and yes there are new funds in this area but access to the risk capital is elusive for african-american owned businesses and goes to the thin capitalization you can absorb a shock greater if your capital base is stronger, if you have reserves in place and that's dramatically impacted many black small businesses we think we may have lost a third to a half. national urban league with new initiatives. one focused on black restaurants to announce very soon to provide equity grants for these businesses to help them reopen, get back on the feet and grow. there are things we can do

and there's a lot to do and a lot we need to do because sustaining, stimulating and the growing the businesses is good for the overall economy. >> yeah. we'll continue to have this conversation and look forward to more details on the initiative. >> thank you. >> thank you for joining us today. >> appreciate you. energy having a big week and bigger year up 45% so far year to date. so what are the best bets in the sector our traders discuss that next. and cranking up the spac market to 11. bill ackman is behind the biggest blank check deal yet and digging into that. "powerun" lle gh lchwi brit back stop shop for your finances designed to work better together. spend with sofi and get cash back rewards that automatically go toward your goals. like investing in stocks, etfs, and crypto. that's better together. or pay down your sofi debt sooner.

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the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo and welcome back to "power lunch. stocks right now near session highs. s&p up about 37 points nasdaq closer to 200 the dow 175. leading the chip stocks, smh up 2% today and on pace for the longest weekly win streak in two months so within the etf nvidia up more than 20% in a month and broadcom higher after beating

estimates yesterday. company also issuing better than expected outlook as the adoption of 5g technologies continues to grow and up. morgan >> all right we're like going back and forth here this hour i'm into it. >> morgan and rahel show. >> yeah. we'll turn to seema mody, another fabulous cnbc lady for trading nation. >> energy a standout sector. a confluence of factors. sending oil prices higher why the sector already vastly outperforming every other sector in the s&p 500 on the month and the year% is volatility priced in? let's talk to the trading nation team craig johnson and danielle shay. you actually think there's more room to run in energy stocks what are the top two picks >> you know, i do, seema

it's come so far and i wouldn't advocate buying shares right here but this is a sector i like for options trading because we have a little bit more upside so with the charts of cvx and xmo with more upside and can trade them to the long side going into july with cvx itch a target of $115 with xom looking at 67 so i think bullish call deb fit spreads, put credit spreads. think of those work to trade the names into the summertime to the upside. >> craig, last year energy was a no touch sector and now up 44% this year. any concerns around valuation? >> no concerns around the valuation side and i would just wrap it up and say it's going to take a lot of old energy for the new energy that the world and people desire and when you start looking

through the factors with oil to new highs, the relative strength in energy rising, the fact that investor avoid energy rising with esg concerns and up 45% year to date and nobody owns it. you come back and look at the chart we brought in today and you can see a multi-year double bottom is formed you have a higher low made and looks like starting to break out and look at the charts with 14.5% youside here and i think you got more room to run and should be buying. >> interesting thank you for sharing the views today. morgan, back to you. >> thank you. after the break, while some companies focus on creating jobs others are working to improve the workforce. they raised $150 million at guild and the ceo joins us next. make sure to tune in to "on the

edge" tonight for the latest edition this week to kick off live at 6:00 p.m. eastern. and now, the latest from trading nation.cnbc.com and a word from our sponsor.

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welcome back we have been discussing on the program for weeks, months a labor shortage in the kim jong-un that makes finding and keeping qualified employees a war for talent approximately 88 million jobs may be at redskins due to automation and adding skills helps and guild says they're twice as likely to be promoted than the peers that do not enroll rachel is cfo at guild corporation. they got a new round of funding. guild education is also number 49 on the cnbc disrupter list.

rachel carlson, welcome to the show. >> thank you for having me. >> let's start specifically with what guild does. you help fortune 500 companies offer the debt-free degrees to employees. how do you do that >> weupskill their workforce. we do it because it helps the worker obviously we've got 88 million americans who need upskilling and reskilling today it also helps the company because it increases their ability to attract and retain great employees and also gives them a way to advance those employees from what are today's jobs into what future work jobs they're going to need five to ten years from now. >> what are some examples of companies you are working with and let's quantify what this benefit has meant for these companies workforces. >> companies like waste management, chipotle, walmart, disney, discover financial think of the frontline workforce

of america, the middle american worker we've seen really tremendous outcomes for the companies so you've got a company like chipotle which has found when one of their employees enrolls in our upskilling programs, and this can be anything from college prep to a certificate in people management, digital marketing, you name it, that those employees have a 7.5 x higher likelihood of getting promoted on the job. it also dramatically increases retention obviously. the companies that offer a benefit like this are seeing a 25% increase in high quality job applicants who say i want to work for a company that's going to pay for me to go back to school. >> so how quickly are you growing? >> quite quickly it's a really exciting time. we're hiring like crazy and growing our product and engineering team nearly 2x, which is really energizing for us and exciting for the mission we've set out to work on. >> so you're in this interesting

position to be having these conversations with these companies, to be seeing what the needs are on the employee side as well. given the fact that it is jobs friday, we do continue to have these conversations around labor force participation, skills mismatches and just the general state of the labor market. what do you see from your vantage point? >> i'm thrilled to hear you say skills mismatch because i believe that's the crux of it and we've been sort of ignoring that in america amidst the bull market the last ten years. covid has accelerated enough things that we are talking about it i think the core mismatch is that you've got workers who are debating whether or not to go into a low skill or no skill job and saying if i'm going to do that, i want to do it at a company that's going to arm me with skills to have a chance to upskilling or a path to promotion. so the companies who are offering some sort of upskilling career pathway, you name it, whether that's within their

company like chipotle or walmart who promote the vast majority of their employees at the top come from the front line, or companies like disney and lowe's who say we want to help our employees become electricians and become nurses. those are the companies that are winning the work for talent right now. >> is there a certain degree or class or type of skill set that is the most commonly sought out right now? >> so from the labor market perspective, we're seeing a ton of demand both from employees and employers for roles like cybersecurity, digital analytics, data as well as allied health care. >> it really speaks to the increasing role that tech and the digitization of everything is playing in this economy rachel carlson, thanks for joining us today >> thanks for having me. gildedcation ranked number 49 on this year's top 50 disruptor list our weekly newsletter offers

more you can sign up on cnbc.com/disruptedorsnewsletter. bill ackman is going to by 10% of universalus mic those details when "power lunch" returns with all the major averages higher. hey, dad! hey, son! no dad, it's a video call. you got to move the phone in front of you like..like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most and $0 commissions for online u.s. listed stocks. don't get mad. get e*trade and start trading today.

welcome back to "power lunch. bill ackman is revealing what he's going to buy. >> financial engineering is a good way to put it his spac is out with a press release earlier, confirming discussions to acquire a 10% stake in universal music group it values umg at $42 billion that's about 17% higher than the level a tencent led consortium booted it's's my noert stake at pershing square is not taking umg public as is common with spac, it's going public in amsterdam anyway later this year now, for investors each share will be broken down.

the first 14.75 per share goes toward umg but the spac had money left over so each of the shares will also encompass 5.25 in cash that could be used to fund another acquisition one day in the future. then each shareholder will get, this is a new term here, spars, special purpose acquisition rights this gives shareholders the right to fork over additional capital for a future deal if they want to based on that acquisition. now, the complexity of it all, the target being universal music group was met with mixed emotions on reddit, although the prevailing voice of the market indicates dissatisfaction with shares of psth declining today important to note and emphasize that this deal is not yet final. it's possible that the definitive agreement may look entirely different or may not even happen at all, morgan >> there's so much we could dig into here, leslie. is this a situation where you

might see, especially given the fact that there is so much capital out there chasing such a finite number of companies in these type of spac or i guess spars, mergers or deals i should say. could we see more situations like this or is it really an ackman style one-off >> so this is definitely an ackman-style invention here. one of the things that separates pershing square tontine is it's the largest spac that had ever been raised. so just the sheer size of it really limited the types of companies that it could go after because spacs purchase a minority stake to begin with when you're thinking about a 10% stake, there aren't that many $50 billion companies out there that are wanting to go public through this method and are even

able to do this type of transaction. so that in and of itself kind of made it unique, required a little bit of creativity to actually do something that would satisfy its spac agreement. >> leslie picker, thank you. s&p 500 right now session highs, up 0.9 of a percent 4229 on pace to finish the week higher again that's going to do it for "power lunch. have a great weekend "closing bell" starts right now. >> welcome i'm wilfred frost along with sara eisen stocks higher. major averages all pacing for weekly gains let's have a look at what is driving the action the may jobs report showing solid gains but falling short of estimates. what some are calling a goldilocks number. not too hot to push the fed's timeline meme stocks infocus after a wild week of trading amc still on pace to finish around 100% higher from where it started. and tech