a hybrid cloud approach with watson ai helps manage supply chains while predicting demands with ease. from retail to healthcare, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. hi, everybody. welcome to "power lunch. i'm kelly evans. tyler matheson will join us in a market investors seem to think they got it made but are they getting overconfident? that and a new sub sector, wellness stocks. plus a potential postpandemic

winner you might not have thought of the stock doubled in six months. could it go higher "power lunch" starts right now let's get a quick check on the market just the dow down 55. we have drifted lower. we are stillhanging around record highs for the s&p 500 especially turning green by a point or so. the nasdaq up 15 percentage points away from record highs here for the major averages as for individual stocks biogen lower down 3.5%. a third person has now quit the fda panel following approval of the drug to treat alzheimer's. eli lilly down 4.5%. bio tech down today and up 5% this week thanks to that boost you can see there up 5.5%. meantime watching supply distrupgss labor shortages and other risks

that don't seem to be bruising the market's big ego investors are buying into the idea that growth is strong and inflation is transitory. what if they're wrong? steve liesman is here with more. >> the idea that the surge in inflation is term rare looks to be conventional wisdom in markets and could be right but markets seem to have swung from inflation panic to inflation serenity the 10-year benchmark done nothing but rally since the jobs report on friday and the raging 5% cpi report yesterday extending the rally in which yields fell to 1.459 not everyone is so sure inflation is so temporary. some believe the fed purchases to distort the economy joel naroff said businesses

didn't have this pricing power in decades and they will get used to it they pass the prices to consumers. hopes that the process plays its out by the fall a key is oil prices just domestic production down nearly 2 million barrels a day compared to before the pandemic if that production comes back prices could moderate. if not you could have tight supply now strong growth in the second and third quarter looks to be baked in you could have higher inflation and the fed take away stimulus as fiscal stimulus itself runs out. >> we have the big fed meeting next week. there might be a chang in the forecast bringing forward the first rate hike. should we expect to see more of this >> it could be right now there's a littlebit of disnance in out years between

the market and the fed fed forecasting no rate hikes through 2023 the market has the first hike fully priced in early 2023 my expectation is that the fed comes closer to the market when it comes to tapering i believe the fed will start discussing it next week and maybe through the summer with a formal announcement early fall. >> thank you is there too much faith that the fed will guide the economy safely let's bring in ron insana. along with michael farr a contributor and prt president and ceo of farr, miller and washington how do you explain -- i think it comes back to esch trying to understand the level of 10-year makes any sense right now. >> yeah. look i think people have missed a couple of items with significant

bearing on inflation expectations, the 10-year note president biden just got beaten back on an infrastructure plan priced at $2.25 trillion and now a trillion or less and difficult to pass a $6 trillion fiscal 2022 budget. asia is seeing a resurgence in some parts of that region of the virus so things may well not be as frothy from an economic perspective as we thought a few weeks ago and indeed seeing less stimulus you see less growth and inflation and commodities break evens and the yield on the 10-year is what the market is telling us couldn't with e get a 2% 10-year that is not going to the moon. nominal gdp is growing at double digit rates and hard to understand if it's pent up energy the moment the fed talks about tapering is it all going

to be unleashed and see spikes higher and taper tantrums? >> every one of those questions is on the mind of ever portfolio manager, investment manager and economist i talk to. you just actually said it perfectly. how do you see a 5% cpi number and a positive stock market and a strong 10-year treasury in the same day asking us a year ago if that could have happened we woufr said no so we believe the federal reserve has this, that jay powell has this under control and seeing it for a while. i think that this particular gamble if you will on transitory inflation and the promise of the fed that they have this is probably the greatest threat to the fed's credibility that i can think of in a lot of years they've got to get this right because that's the bedrock the fed's credibility is the

bedrock of the banking system. seems logical but there's a lot at stake. >> this idea of pent up energy why you look at something like the velocity of money. there is this liquidity into system and velocity at record low rates. what if it picks up? what could cause that? what if it starts to cascade higher like michael said everybody is going over the scenarios for moths and clearly playing out the wrong thought exercise. >> i think it comes back to what we're saying it is funny to bring up the velocity of money. i looked at m1 up parabolically and velocity's at 1. in 2007 at 10. still sitting there with monetary velocity, the turnover of the man stock but i think again we are going back to what i said we might be

focusing on the wrong question when the facts change i change my mind. what do you do the fed tapering and tightening predicated on $2 trillion of stimulus we may not get those things and so i think if the bond market's right, if the break evens are right and lumber is right we are seeing a transitional process in the markets where the market's changing the mind about the likelihood of accelerating inflation and pricing in maybe peak growth and maybe peak inflation. could be a momentarily pause and seems like that's where we're going. >> michael, you brought up jay powell the fed's calculus has a social element to it. as we saw kind of late cycle in 2020 when wage growth was fast

for the lower income worker. now the speculation is if they let it run ahead of itself they might have to throw us into a downturn but what do you do? sitting here with all that speculation, just invest in the market, go along until that's wrong? >> yes that's what you always do. right? you stay there i think you stay fully invested. don't try to trade markets never worked for me or the pros i have known for a long time seeing markets trading at an all-time high this is not low and buying high figuring things go higher. important to buy good solid balance sheets and not o might not be the fun teslas of the world or what happens to be zinging high now but companies you can buy and own and sleep at

night. we are all sort of accepting this longer term structural idea that when you look at growth of the number of employed plus pro producktivety getting through the money in the economy we'll be at 1.8% gdp growth. come hell or high water that's where we're going back so the fed says there's room without bursting the balloon. >> yeah. >> we hope they're right but good balance sheets and don't take on the extra risk. >> you are looking at cvs and microsoft. any specific recommendations, ron? >> yeah. get out of the me-mentum stocks and do what michael said. >> amen. >> thank you both. we appreciate it. coming up, did entire state of california is facing a

drought. 2 million people in the san francisco area are under a water emergency. we'll get a live report. most people thought the wheels to come off for peloton once the country started to reopen but stock up 5.5% to date and 23% in the postmonths looking at whether wellness stocks can boost your pochl. s portfolio stay with us troy - that's not your kid! the aflac duck is just covering for sophie. same way he got me money to help cover her hospital bill when my health insurance didn't pay for all of it. but this isn't fair! that's exactly what i said! but then i learned health insurance isn't even supposed to cover everything. wait...for real? for real real. luckily i had aflac. aflac!!! get help with expenses health insurance doesn't cover. go aflac! !mm-hm! get to know us at aflac.com.

welcome back to "power

lunch. we're watching shares of vertex pharmaceutical shares plunging 10% after an experimental drug for a rare disease while they say that the drug did raise levels of a key protein it wasn't a substantial benefit tracking for the worst day since mid-october. now down more than 15% year to date tyler, back to you. >> thank you very much pandemic lockdowns led to a renewed focus on the health and well being credit swooes with coverage of a wellness sector part of the skurnl staples next guest has names that could be healthy for the portfolio this year. let's bring in the managing director of equity research and equity researcher manager. welcome. >> thank you for having me.

>> yeah. let's talk about this idea of splitting off from consumer products a specific set of wellness stocks. how does a stock qualify to be in this universe and why would you choose one over another? >> it's a good question. for -- i have covered consumer stocks for many years and there's been a series of different wellness initiatives and from my perspective we are looking and saying if we watch the customers invest in -- watching the companies invest in the wellness initiatives we should have the clients do the same anything that we consider self care, something to take care of your mind and body in a way that's proactive opposed to reactive like health care. anything in the world where the success of the business please leads to a healthy outcome is

wellness and don't break that down more. >> i am -- call me a bit of a skeptic. i am sure there are large hunks of the american population that are focused on wellness and health you can see it everywhere. but there's an awful lot of the american population that seems absolutely not healthy so how big is the addressable market here when you look at the obesity epidemic, people who are evidently less healthy than they ever have been what tells you there's an expanding market to attract investing? >> i think the trends are long lived why the wellness trend started with the advent of diet coke, diet pepsi, lite beers and

then in the '90s and 2000s mcdonald's with salads the population is moving in this direction for a long time but what changed in recent years and accelerated in the pandemic was the consumer has shifted from reducing bad habit consumption to increasing consumption of things good for you. rather than trying to stop smoking or consume less sugar they try to consume more protein, consume more fiber, work out more and seeing the trends in that direction, not going as fast as we might want them to be. >> i get you i get you. i like anybody -- let me tell you. i like anybody that defines lite beer part of a wellness movement i'm with you, baby leading off with peloton it is the only piece of home gym

equipment i have ever stuck with it is a little bit sticky and addictive. >> fantastic anything that is addictive and good for you at the same time is probably a good idea and not necessarily just peloton it is the fact that the game-ification of fitness, convenient or more accessible makes wellness much more interesting than perhaps not that long ago. >> yeah. you can compete on it and you can play on a leaderboard and all kinds of ways, different exercises. i think of it more -- i know it did well during the pandemic as a stay-at-home stock but my suspicion is it's got a lasting tail wind as do other competitors in that space. let's talk about yeti up 180%

over the last year why do you like it >> the thing most interesting about the wellness industry is while technology make it accessible and wearables as we mentioned and peloton, the consumer is also doing more of these simple things in life. more camping, hiking, fishing. our view is spending time outside is better not just for you physically but also mentally i think it's more healthy lifestyle to spend more time outside. yeti is the way to play on that trend. that's why we like yeti. >> thank you very much for your time today and have a great weekend. >> you, too. thank you. >> my yeti keeps my coffee warm for two and a half hours you need to get one. whether that's good for health is another story. a severe drought in california kate rogers is out in california

looking at the impact for us kate >> reporter: that's right. you can see docks on dry land as this record breaking drought continues to sweep theta ste much more after the break on "power lunch." all day long.you tunen so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity. this past year has felt like

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i'm leslie picker. the justice department's inspector general is starting a review of efforts by federal prosecutors to secretly email data from apple parent of a trump administration investigation into press leaks the ig will look at efforts to get communication data connected to some reporters. the teenager who videotaped the mushd of george floyd is given a special citation highlighting what's being called the crucial role of citizens in journalist quest for the truth and justice. they won a breaking news prize for the coverage. today the g7 leaders in england began the summit with a roundtable meeting looking at pandemic recovery efforts, climate change and cyber

security. first lady jill biden was visiting a school with kate middleton. biden is an english teacher who focuses on education back over to you. >> thank you. california experiencing its third driest drought on record putting the agriculture, tourism and power plants at risk kate rogers is in folsom, california, with more. >> reporter: the 2021 water year the third driest on record docks sitting out on dry land. the trees state park rangers say the water normally goes up to underneath them. no water in sight. north is the second largest reservoir where the water is crucial for the ag industry. now it's running dry very

quickly. if this drought continues a major plant may be forced to shut down for the first down in the state's history. water levels are so low that many are on dry land farmers and ranchers feeling the hit. megan brown is a sixth generation rancher and selling part of the herd to cut costs and preserving water. >> i'm scared i won't have water to give to my animals, won't have water to drink myself business wise we have sold the calf crop for the year and about $100,000 less than we're used to working with may not sound like a ton of money but we are a family farm and that's life changing. >> reporter: one third of the nation's vegetablies grown in california california also ranks fifth for

cattle but due to the drought experts at uc berkeley said there could be a 4% dent in revenues this year and harder hit areas could see job losses at the smaller farms in particular. >> it's so troubling california has so much to grapple with and how does it set up a wildfire season >> reporter: you just said it. it's drier earlier in the year than typically and wildfire season is around the corner and sets off another sense of panic in people and a complex and broad situation in the state impacting so many different people in different ways. >> thank you so much ty ahead on "power lunch" the crypto craze, recapping the most important moments from the

special yesterday. andmastercard with the executive pay challenged by investors. looking at the latest c-suite challenge. an under the radar postpandemic y u whyoshouldn't sleep on retirement homes we'll be right back. ♪ ♪ ♪ ♪

welcome back keeping a close eye on oil prices let's see how we closed today. pippa stevens has the numbers. >> oil continuing to touch multiyear highs here posting the third straight positive week and sixth week of gains in seven wti crude futures up 1%. brent up about .4% at $72.81 earlier this week we got that disappointing u.s. inventory report but then today the international energy agency said that opec plus will need to boost supply because of the coming surge in demand so the market reading this as a bullish sign back to you. >> 50 bucks to fill up the gas tank this morning. thank you so much. now rick santelli at the

cme. rick >> hi, kelly been a big week for treasuries here's a 3-year chart of university of michigan sentiment. 86.4 we are a long way from triple digits which we were pre-covid many metrics have regained pre-covid. this one has not see the 10s. we are up dropping so much in the session yesterday. and down 10 basis points on the week as you look toward early march see yesterday that's the last time we closed at these levels one month of bunds after yesterday's ecb meeting and the dovish tone the currency is hitting the skids and the dollar index looking to close at a one-month high back to you. >> thank you we have breaking news. democrats officially introducing

bipartisan bills aimed at big tech julia boorstin with the latest. >> that's right. anti-trust bills of what house lawmakers call an anti-monopoly agenda led by subcommittee chairman sis linney. all five are bipartisan with a republican cosponsor and improves the chance of the passing. they range widely and face hurdles but could have long lasting implications on apple, amazon, alphabet and facebook by first the companies attacking the prioritizing of products and services one makes it illegal for google to prioritize its search results. amazon's private products. another bill would empower the doj to break up tech giants.

now second the bills targeting the power of the scale making it harder to acquire competitors and raising fees to better funding the ftc and did doj's anti-trust enforcement back to you. >> interesting that they have bipartisan support or cosponsors as you say this is much more of a realistic threat to the big companies. thank you. high altitude look at the crypto craze on thursday covered ground from volatility to law enforcement and crime and regulations of the investment opportunities. >> short term price doesn't matter we talk about the greatest wealth transfer in history. >> crypto is a solution to the problem of ransomware. it was crypto allowing the fbi to trace those funds and ultimately to secure them. >> it is a disruptive technology

and the incumbent technologies are financial services companies, gold mining they use lots of power. >> i don't know six months to go or 12 or 18 but something in the bottom of the seventh inning of this crypto bull market. >> if you build financial products you need to pay attention to regulations what they are today and could be in the future ept for a new asset class like crypto. >> and regulation is top of mind for the next guest katelyn long is ceo of avanti financial group to launch this year as a crypto company with person mission to operate as a bank in the united states. welcome. you heard a little bit of the conversations yesterday and maybe get you to react to them welcome back from wyoming >> we are in wyoming great thing about crypto is you

could be anywhere. the information frontier is not in new york or silicon valley. >> is wyoming going to become the channel islands of crypto? >> we already are. wyoming over four legislative sessions enacted 24 laws so we were leading the rest of the united states actually i saw some great news coming out of texas, a fast follower as is nebraska and illinois. but it is happening and at the state level more than the federal level here in the united states. >> let's talk about avanti and receiving a banking charter basically. i'm going to ask you a dumb question which i know you can swat out of the park that is this if you have operating as a bank does that mean that my deposit in bitcoin will have fdic protection behind it

in other words, i will be made whole even if my bitcoin loses x percent of the value. >> no. the fdic does not insure anything other than u.s. dollar and banks handle bitcoin adds a trust service. so the bank itself is not exposed to the price volatility but providing custody services for bitcoin. interestingly yesterday the bis, the global bank regulatory organization proposed for the first time a capital regime for banks to own bitcoin on the balance sheet but until this point that's not been the case in the united states and the fdic is not involved because they only insure dollar deposits. >> what would the capital requirements be if a bank wanted to carry bitcoin on the balance sheet?

do you have an idea of how high that would be? >> yes it's the highest capital requirement reflektding the highest price volatility which is essentially dollar for dollar all but probably the largest banks, global systematically important banks. the u.s. regulators haven't spoken so it's a developing area, for sure. >> but you'd have to keep -- basically you'd have to keep a dollar's worth of capital for everybody dollar's worth of bitcoin on your balance sheet and if that bitcoin goes from 60,000 to 200,000 you're going to have to put more capital up against it. >> that's right. that's how the capital r requirements work. just the same as a volatile stock and the bank wanted it on the books. this will keep most banks out of

allowing bitcoin deposits so far only switzerland allowing bitcoin deposits on the charter banks but i suspect given that they released this yesterday other countries will follow. possibly the united states we know that the largest banks in the united states are starting to open bitcoin trading desks and frankly the clarity in capital requirements is going to help that. i'm not so sure that's good for the banks or bitcoin but that's another story. >> right why is receiving a banking charter important to you and your company why? what does it enable you to do that you want to do? >> there are two issues. one is that in 2017 due to some of the fdic pressure on traditional banks a lot of the traditional banks, most of all,

dozens if not hundreds of legitimate startups lost their businesses in 2017 because they lost the bank account. if you don't have a bank account you can't remit withholding taxes to the irs and not a valid business and without a bank account in the united states you are not a valid business that set the united states back and that's one of the problems that wyoming was looking to settle in creating the new special turn banks the other is a trading related one which is up until now really at this moment there is no possibility to settle a u.s. dollar smul and the youly because the bank is a separate legal entity than the crypto exchange but if you can actually putt them under one roof you settle simultaneously with different speeds and finality and solves a big risk for the

industry >> thank you very much if there's a prettier place than wyoming i haven't found it thank you. >> gorgeous. thank you. >> there's worse places to be. inflation rising across the globe. so how should investors hedge the risks? our traders will discuss that next check out signet jewel esches. up again today up 6% poised for the best weekly gain since january we're back in a minute

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you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. welcome back to "power lunch. i'm seema mody inflation top of mind after yesterday's red hot consumer price print and ahead of the fed june meeting next week ask for the best ways to reg the rise in inflation. let's bring in craig johnson, boris slauszberg

investors look at gold to hedge themselves against inflation but you have an eye on another commodity. >> yeah. gold is a natural trade because interest rates, negative interest rates help it, but i think silver is a better bet one it's industrial demand especially in the new technologies but really the story is if inflation is a serious story silver has a much lo lower cost basis it really has a chance to become a meme story if everybody begins to pivot to the inflation idea a less volatile way to trade is to go long silver, short gold. the spread is about 15 1 to 15. it's gotten blown out to as high as 125 and now it's come back down to 70 and still has a long way to go. today it is working. that's an interesting way to

participate in this idea while you sit and wait for the inflationary story to take offer. >> craig, what are you saying to clients? >> seema, silver and gold is interesting. i'm looking at oil and also looking at copper. i brought in two charts today. take a look at the xle it is clearly made a higher low than we have seen before broken out of a consolidation range and looking at 10-year break evens see a high correlation of some of the key components like eog and chevron. i look at that particular chart and see upside to $63. and then i would play it through copper and a best way is through freeport mcmoran from our perspective a nice uptrend and buying the pullback

and back to the 2008 and 2011 highs. which is still 50% upside from current levels. >> nice chart. good ideas thank you. for more head to the website follow us on twitter tyler? >> thank you very much. godden opportunity in the golden years shares of brookdale senior living soaring today and this year the ceo will join us to discuss what comes next for that industry we'll be right back. >> now the latest from trading nation.cnbc.com and a word from our sponsor.

welcome back brookdale senior living up more than 14% today as the stock is upgraded the analyst is not the only billionish one the company is named within to watch saying he saw momentum in

a $12 value and currently at 8 and change coming out of the pandemic well positioned you might say senior living isn't a name for a post-pandemic play here is the president and ceo cindy to have you has demand actually gone down post-pandemic? i know there are some people who wanted to stay away from senior living at the height of it and might still be a little shy. >> kelly, thank you so much for having me. we are actually seeing demand returning and we are gaining momentum in fact brookdale has seen three straight months of sequential occupancy growth that's why we think there is such a great long-term opportunity for improving occupancy. >> so you're seeing demand return the investment case is more of a supply story as i understand it, that a number of communities shut down during the pandemic. that has left fewer beds and

this demand rebound has people searching them out i imagine that is pushing rates higher and that sort of thing. is that about right? >> kelly, i think it's both a supply and demand story. on the demand side, we see a large growing demographic. there are growing baby boomers entering our target population in fact the number of baby boomers who are 80 or older is going to grow by 17.5% between 2020 and 2025. we also see a higher penetration of chronic conditions coming in seniors which will also increase demand at the same time, the supply environment is rationalizing. >> i think what you're saying is new construction dropped precipitously during the pandemic the housing collapse has meant much less home construction over the past decade. maybe a little bit of that playing out in the senior living space as well. a question about how you get paid and how reliable the income

stream is. these are very expensive commitments typically. are people paying out-of-pocket? do they have long-term care policies this is a medicare/medicaid play in some ways what's the revenue mix >> we are largely a private pay business and we are a very affordable option for seniors who want to help manage the aging in place or the challenges of aging if you think about the cost of maintaining a home, entertainment, food, we're quite affordable when you consider all of those factors there is a very small medicaid population in our industry, but well over 90% of our industry is private pay. >> cindy, tyler here two questions for you. what is your occupancy rate or your vacancy rate now compared with, let's say, 2019 pre-pandemic and number two, let me circle back to something that kelly hit on earlier in the interview and

i want to drill down farther on and that is the reputational hit that i cannot believe that companies in the senior care industry did not experience as a result of how they either did or did not handle the pandemic with respect to not just their patients but their employees how are you addressing that, because i cannot imagine that there aren't a lot of people out there who are wary of putting -- seeing their loved ones go into an environment where covid was so prevalent just a year ago >> you know, the important thing is that we are very proud of the work that we have done to help keep our residents safe. the success of the covid-19 vaccine initiative has really been a game-changer. if you go back to our precovid occupancy, let's go back to the second quarter of 2019, that occupancy was about 80.5% and

it's dropped to a little over 71% currently. but brookdale has incredible consumer confidence, and we are very proud of the fact that we focused on our residents, they were very happy. that is why j.d. power named brookdale as the leader in assisted living and memory care because of the highest customer satisfaction that we have. you know, you can't miss the fact that 93% of our residents are vaccinated right now so we really have improved the senior living environment. >> all right cindy, thank you for joining us today and explaining the opportunity that many do see in brookdale, we appreciate it. cindy baier, president of brookdale senior living. ty. a growing proxy fight. the advisory firm iss recommending that shareholders vote against mastercard's

executive comp program details on that when "power lunch" returns 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. ok, at at&t everyone gets our best deals on all smartphones. let me break it down. you got your new customers — they get our best deals. you got your existing customers — they also get our best deals. everyone. gets. the deals. questions? got it. but, why did you use a permanent marker? because i want to make sure you remember. i am going to get a new whiteboard. it's not complicated. only at&t gives new & existing customers

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is mastercard. influential proxy advisor firm iss coming out with a new report this week urging investors to vote against its compensation plan iss says mastercard's performance goals were adjusted due to covid which caused lower consumption expenditures and cross border transactions. makes sense, but iss said had mastercard's metrics not been changed. the executive awards would have been earned below their targets but they did receive a bump in pay. iss notes that the ceo's awards amounted to $29 million in 2020 up from $26 million in the prior year after a brief dip last spring mastercard shares gained 20% in 2020 they tell investors they believe compensation was aligned with total stockholder return and the awards were used to fairly compensate employees for what is in their control and to engage and retain talent. shareholders will vote in 11 days on that proposal.

>> ty, i know you've been following all of this quite closely. >> yeah, absolutely. i mean it has been -- i was just sitting here thinking i've been in financial journalism one way or another for nearly 40 years, 1982 in fact i joined the magazine i worked for, "money" at the very depth of the last bear market, the 1982 double-dip recession. this issue has been on the table since then and has never gotten solved it has outraged people for literally four decades and i know long after i'm gone, they will still be talking about the outside pay, most especially of american corporate executives. it's not this way to this degree in other countries like japan, in europe, for example. >> companies have done a lot better in aligning ceo pay to the actual stock market itself now what was so interesting about last year is that there were all of these disruptions created by covid and companies

kind of scrambled and adjusted their pay packages to make sure ceos were compensated fairly and employees were compensated fairly but now they're feeling the brungt ot of that. actual stock prices haven't suffered so people were wondering whether those adjustments were really needed >> right it might seem more out of whack than ever. ty. >> all right, folks, thank you very much. ladies have a great weekend and we'll see you next week. "closing bell" starts right now. thank you very much, tyler welcome to "closing bell." i'm michael santoli in for wilfred frost. investors await next week's fed meeting. the volatility index is touching a 52-week low today. >> and i'm courtney reagan in for sara eisen let's look at what's driving the action