level, that's line that analysts are watching they say if it can recover above $53,000, that might change sentiment. it is a key number here to watch, something analysts have been watching. otherwise a lot of folks are underwater here at these prices. >> still about five grand below that level thanks, kate rooney. thank fortuning into "the exchange," stay right there, "power lunch" begins right now. >> kelly, we will see new a inin welcome to "power lunch," everybody. here's what's ahead. a busy end of the week inflation accelerating, prices surge at their fastest pace in 39 years 1982, it was the year i came to new york to start my career in financial journalism i remember it. it was runaway inflation interest rates went up it was wild. investors are looking for companies that have pricing

power. we have a game plan four sit tight, buckle ire seat belts, send the kids the another room we will tell you how to get through it carbon surge prices at record levels, prices expected to climb further. what it means for energy production and the reduction of carbon etfs. plus the latest frontier in farming. it is all about technology and the growing part of the sector is robotics. which products are shaping up for the future to help farmers cut costs? we will tell you later this hour nye hi, everybody, quick check on the market. we have seen the dow back in the green but still off its highs from earlier in the session. we were up nearly 200 at that point. up 130 right now we briefly went negative s&p down, nasdaq up. ten-year down at 1.48% oracle hitting an all-time high on strong earnings

wall street likes their cloud strategy, the stock buyback, a 16% surge for oracle to 10 shares of moderna on early results from its experimental flu vaccine that showed only same effectiveness of other shots already on the market. b of a reiterating their bearishness on the name. tount. the cpi soaring to 6.8 overrear in november the fastest race since 1982. the latest read on inflation puts pressure on the economic recovery, for sure will this be the peak in inflation. if not, how do you prepare your portfolio? we have two market vets joining us, ron insanaa. hers are 1982. and michael fehr remembers 1982, he's the chief market strategist for high tower advisers and founder of farm, miller,

washington, a cnbc contributor gentlemen it is good to be with two guys who just like me remember 1982. that was the volker era. interest rates didn't just go up they went stratospheric. ron, you don't see that happening this time around, do you? >> no, tyler, i don't. i happened to be in college in 1982 i was eating at tago bell for 1 there a day. i isn't notice inflation except for the gas prices we had in southern california at the time. you see the rates on the ten-year have come down. stock market seems unperturbed by this. if you back out and take a longer term view of inflationary cycles -- we have talked about this now a couple of months, what a post car or in this case post pandemic cycle might look like, inflation is spiking on supply disruption, as we have discussed ad nauseam for the last several months. i think that's going to normalize a lot in 2022.

i think the fed can taper all they want. i think they are going to find they don't need to raise interest rates as much as we are talking about today. >> ron is distancing himself from my age references wrapping himself in the halo of taco bell. we will move on. do you believe this will be a memory by 2022, not a fact we have to deal with ongoing? >> i especially agree with ron that i was in college in 1982. and i think i'm about -- i think i'm about three weeks younger than ron so we are within a month but i was in the hills of tennessee. we didn't have a taco bell you know, it does make sense here i think that the supply chain disruptions are more responsible for the inflation choke point

than perhaps all of the cash on the sidelines at this point. so i think ron has very good point. i think, you know, a year from now, we could have gluts in certain areas in terms of the supplies and that will put a lid on inflation the fed does seem committed and i think we could see certainly higher prices. and we are going to see -- right now, two rate hikes seem very reasonable in 2022. >> no taco bells in your air of tennessee. maybe some krispy kremes kelly is out of this age discussion. >> i am curious, to all three of you, does this environment feel anything like it did back then. >> no. >> the biggest debate out there, is this inflation somehow entrenched, persistent, stiging arnold or was it just a one-off effect of stimulated demand and supply chain problems. >> the latter.

kelly, it took ten years for us to peak with respect to inflation pressure starting in 1971 when we weapon off the gold standard, went through two oil shocks, went lieu a series of policy mistakes. a whole host of things that combined to happen, the dollar crashed. in 1980. it peaked at about 13 at a steady state this goes all the way back to the post war environment and you can see what various inflation spikes look like the one we are currently going through is nothing like that i will say, i doesn't feel anything like that because the stagflation the '70s and the '80s were double digit interest rates, double digit inflation and double digit inflation my first car loan, for a chevy nova was for 30.5% the ten-year is at 1.5%. inflation is at 6% it is a wildly different

environment. >> i had a yellow -- horrible yellow camaro. go ahead, michael. how could it be horrible >> it can no air-conditioning. that's why it was horrible go ahead, michael. >> my first car was a '69 chevy nova, ron. we are really close here no air-conditioning. one thing that happened in the '70s -- the fed chair -- name is escaping my mind. >> g. william miller. >> william >> arthur burns. >> burns thank you. made a political decision with rates. the independence of the fed is absolute will he key to allow them to do the work they need to do against inflation politicizing the fed is still a threat we are dealing with today. >> michael, you like fedex, you think it has pricing power, the shipping business is hot and mondelez is your consumer

products group name. back then, folks, everybody was piling into real estate, real estate, real estate, real estate the ultimate inflation hedge is it this time, ron >> historically, tyler, since it's most everyone's principle asset and now you have the millennials in their peak home buying years, to a certain extent, et cetera going to be an inplace hedge and it is also going to be the largest single investment they are ever going to make. it is hard to bet against real estate over the long haul. if i was a young investor i would put money in index funds, close my eyes and look up again in 30 years. >> amen. >> my first car, to be absolutely accurate was a 1969 chevy malibu chevelle. it was gold. >> nice. >> then came the horrible camaro that was lemon yellow. and it was a lemon

thank you so much, gentlemen. >> i will never take ac for granted again, for sure. gold is up less than 1% today, down for the year will 2022 be the year more people move into gold and other precious metals? >> precious metals have been sinking as of late like you said, gold futures are seeing little bit of a rally after the cpi report investors are dblting, is inflation coming closer to its peak which tyler just talked about. but the precious metal is on pace for the fourette straight weekly loss on a year to date basis. it is down 6%. if you are a gold bug you may stand to benefit if you hold gold has returned 2.8% on average in january over the past ten years because of demand from the chinese new year platinum and palladium suffering losses due to the sluggish vehicle production due to the

ship shortage, rising mine growth it is adding to supply, creating head winds for prices. silver -- i know we have a big silver following silver is on pace, like gold, for its fourth weekly losing streak it is actually down over 16% right now. consensus on the street is mix about this precious maettle. citi analysts predict it will fall to $19 an ounce next year due to rising real rates and a substantial slus of the precious metal. and bank of america analysts believe silver could hit $30 as we transition to solar panel overall, weaker crude, a higher dollar index and a less riskier risk appetite is putting pressure on precious metals. and will likely dampen price

appreciation. >> copper soared this year as we have been talking about the precious metals settling, is that economically sensitive. >> three reasons why we are seeing divergence in copper. tightness in the market. not all the nines are fully operational right now. and this is according to a report in november from the international copper study they are saying there is a deficit of 107 metric tons second you have got strong chinese consumg. and lastly, like you mentioned the energy transition to greener technology means copper is going to be a great beneficiary. all the chorgeing stations use a substantial amount of copper. >> christina part part of. thank you. golden era for bank stocks ubs says the sector has powerful tail winds what does inflation and the move in rates mean for big banks. there you see a mixed bag today. we will ask the analyst behind that report. plus, consumer-related

stocks with pricing power. our trading nation team on inflation toy.da it's coming up we will see new a little bit i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support

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welcome back, everybody. rates don't seem to be playing along with inflation today as a result, banks remain flat on the session more on that in just a moment.

meantime, look behind me at one of the big areas of interest in the market of late suddenly it is carbon. our etf tracker tells you where the hot investments are this week it is all about carbon, the carbon credit etfs have changen in $58 million this week and $5.5 billion this year what is driving the action we have had a global push to green for years you go it is picking up steam lately. this week exxon saying oil and guess operations will be zero by 2030 if everyone is buying carbon why have sets the group is going to go up. crane shares has an etf, it is focussed on california it is more than 9%, the california carbon etf. there is also an i path series b carbon series etn, that's seeing gains of 7%.

this is a different way to play carbon, it is about emissions not the use an for more information, head to the ft wilshire ee testify hub and finned out where those funds are going. up next, we will have more on whether the carbon craze is prompting a change in power generation ahead on "power lunch.

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welcome back, i'm rahel solomon. here's your cnbc news update at this hour. the first omicron cases in the u.s. appear to have caused only mild symptoms a. new report just out from the cdc looked at 43 people with a confirmed infection from the new strain and just one of them had to be hospitalized the most common symptoms were

cough, fatigue and congestion. 3/4 of those infected had been fully vaccinated it is still too early to draw strong conclusions early data suggests two doses of a covid vaccine are not enough to prevent an omicron infection, but they say a third shot has protected 3/4 of recipients from developing even mild symptoms and even two shots prevent series cases that require hospitalization. michael nesmith has died he was a member of the monkeys the tv show lasted just two seasons but nesmith helped them transition from a tv gimmick to a real life band that occasionally recorded albums and toured. a quick check on the the

dow. up 136 points touchdown as it tries to chose out a strong week for all the major arches, trying to break a four-week stretch of losses, this after the inflation report this morning, 6.8% on the cpi. high, but not the 7% some feared. >> not only is wall street suggesting today's inflation dat. washington is on it. while the president thinks inflation is at a peak or near it some senators are worried that the trillion dollar build back better plan could make inflation worse. ylan moi joins us with more. >> today, gop senator lindsey graham called the spike in prices combined with the president's build back better plan twin daggers aimed at the economy. >> this is a nightmare for working people if you pass build back better, the combination would be lethal to the economy and lethal to

your paycheck. >> graham requested that the cbo estimate how much the spending package could cost if all the prosigss were made permanent the cbo found it adds $3 billion to the deficit over the next decade the child tax credit would cost $1.6 trillion followed by child care and universal pre-k proposals. currently those funds set in 2027 in a statement, chuck schumer called those numbers fake. democrats also say their plan would lower prices for households on things like health care and on energy but clearly, guys, inflation has become a flash pointed on capitol hill as well back over to you. >> thank you very much rates don't seem to be playing along with inflation today. as a result, banks remain flat on the session our next guest assuming coverage

of the largest seven banks in the u.s. saying a golden era for banks is ahead her firm's suggest an upside of more than 20% for the buy rated stocks let's bring in erica najarian. she joins us on the phone. you don't look like the other najarians, erica i can see buy your photograph? >> no, i look a little bit different from the other najarians. true. >> you can never have too many naj najarians. never. >> never. >> we are glad with you are with us banks would benefit not only from higher inflation but from rising interest rates, right, which would improve their net interest margin and other things, they can borrow kmeep and lend higher. >> absolutely. i think what you just emphasized right now is even more exacerbated in this coming cycle. at the end of the day what makes

a bank positively sensitive to rising rates is how good is their deposit rates? right now, bank have 50 cents of loans for never dollar of deposits that was sensitive to the dollar in 2017 when we last saw a tightening cycle going forward i think we are going to see more sensitivity and positivity to net interest margin this time around. >> you mentioned the cost of deposits that's a fancy way of saying what i earn on my savings at a bank it's zero, or negative. >> yep absolutely when we last saw 200 basis points on fed funds, banks passed on about 40% of that to the deposit base given the amount of excess deposits there are in the system unfortunately i think the banks are only going to pass on 29%

the 200 basis points if we get 200 of net funds. >> they don't like paying that much for deposits. that stands to reason. that's their business. are you favorably disposed more towards the large sort of national and international banks or do you like some of the regionals better which. >> i like both really, how we distinguish our calls is who -- which banks are truly rate sensitive in which banks can truly take advantage of rising interest rates by keeping deposits low we think that's going to be bank of america, jp morgan, wells fargo, also pnca regional bank out of pennsylvania. we think the rate sensitivity has to be powerful enough, to your point earlier on inflation to overcome some of the cost inflation trends that we are going to see on the expense side over the next year. >> erica, thank you very much. we appreciate you being with us. i can introduce you to the other najarians if you would like. >> absolutely.

that would be nice we can never have too many najarians. >> never have too many thank you erica. ahead on "power lunch," much more on the carbon credits boom. plus what the bond market says about today's red-hot inflation number and are poorer neighborhoods of the hower than wealthier ones, a look at the effects of climb change on neighborhoods. right here on "power lunch" on right here on "power lunch" on cnbc [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ ♪ ♪ ♪

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welcome back, everybody. 90 minutes left in the trading day and week we want to get you caught up on the rktsz ma, stocks, bonds, commodities and one of the hottest trades it has been carbon, let's begin with bob pisani as we close out a bullish week, break from the recent past. >> kelly, inflation was not great news but it was not unexpected it is a very different market. the fed is more hawkish than it was few weeks ago. the market is reflecting that. one of the splits we are seeing is the bifurcation in tech stocks mega cap tech has generally held up well, a new high for broad com, terrific report, terrific

guidance and buyback announced. microsoft held up well, apple held up well semiconductors were on the mixed side nvidia down the last couple days but holding up well. speculative tech has made a whole round trip earlier this week, kroibs, roku, shopify moved up by wednesday midday they peaked at the middle of the day and they have been down the last two days essentially a round trip they are not willing to pay anything close to what they were paying earlier in the year for the speculative tech games industrial stocks did very well, honewell consumer staples were okay chevron was flattish on the week most of the pharma names up a little bit goldman sachs down a little bit. the key story is the federal reserve next week anticipated

some of these concerns, got aggressive early on and front ran this report we had >> the ten-year is going down despite inflation going occupy today. rick santelli is tracking the action for us. >> it has been an unusual session, and an unusual week if you consider the fact that 6.8%, the year over year headline on cpi, was a 39-year high if you looked at the cor up 4.9%, a 30-year high if you look at the university of michigan the one year outlook was a 15 year high, the five-ier outlook was at a ten year high 1747 was yesterday's low when ten-year notes traded under that, they definitely accelerated a bit. but we have turned up.

consider this. at 1.48 we are done a couple basis points on day but we are up 14 on the week. look a of the the one month chart. we were up at 1766%. omicron hit, we moved down to the 1.34 close now post omicron -- i mean post in terms of we are trying to factor in better news on it and you see we have turned up. but we only recouped a portion with regard to the selloff now we are seeing buying come back in. a year to date of the dollar index. many would have thought it would have been lower considering the outwill be on inflation. however, when you think about europe and their negative rates and their much more dovish central banks that explains it considering the dollar index is 57% is the euro currency kelly, back to you. >> rick, thank you very much. now to commodities, where oil and nat gas are again going in opposite direction and we have rig counts as well. pippa stevens has the details. >> it is green for the day and the week for oil with both pti

and brent posting their best week since august gaining more than 7% and snapping its six-week losing streak wti is up 1.25 at 72.82. brent cued a began of 1.2% we just got the latest rig count data which showed seven new rigs added, bringing the total to 576, the highest level since april of 2020. display and demand is fragile, commerce bank saying with this new supply they see a sizable oversupply next year prices a the pump ticked lower perhaps not as fast as consumers might have hoped the national average for a gallon is $3.33 according to triple a, which is down eight cents in the last month. president biden saying moments he expects oil and gas prices to come down even more over the next two months. >> a ways to go below $3 a gallon. as mentioned earlier it has

been a huge we can for carbon prices which hit an all-time high crane shares carbon etf is up 9.%. joining us, the lead in carbon at his can be. >> the most volatile week we have had in carbon off the weak of a weak auction in california and profit taking yesterday in the european market despite that volatility we are ending the day up over 2% today and about 7% on the week lots going on and lots of different drivers. >> we should mention that you have etfs more geared towards -- here in the u.s. you have the california market, you can get yourty for just that you mentioned reggie, the issues

with virginia is a separate issue. for carbon itself, for the flagship, it seems like europe is the big driver. it seems for global energy prices europe is the big driver. there we have people thinking maybe carbon emissions, the price per emissions per ton was going over $100. now not so much. what would you say if we were to go back above $100 which would have been seemed crazy at the beginning of the year. what would be the reason why >> we have had our eye on this 100. it has been a doeg as the number we need to get to in order get the plans into action. euro had 100 and then we had the selloff. the pounds, uk market which we recently added is hitting $100 equivalent quite now as we speak. it is interesting to see that

that level seems to be ri resistance, maybe there is profit taking at that level. but us, the long-term view is the market -- as supply keeps coming down. remember, these are structured markets that have supply that drops in europe. you mentioned group is the main driver, the supply is falling by 4% every year and the market reserve is picking up 27% every auction. the supply is the driver, it keeps coming down, what we want to see demand for, ie, emissions for, i don't think it can keep up with the russing supply that's going to be the catalyst for the forward price. >> policy makers want the price of carbon to go up the cost of emitting ton of carbon, they want itting to higher because it seems like that's what achieves net stroh goals. it seems like a no brainer but in this environment when we are talking about shortages of natd gas, strong demand for gasoline is there still enough of a financial incentive for big

players, power plants and the like, to provide fossil fuels to the market >> there is. you mentioned the sort of no brainer side it feels that way sometimes but we have to remember these are volatile markets the volatility of that global basket of carbon has been double of that of equities over the last ten years there is risk with these returns. i think that, you know, there is a transitionary correlation to fossil fuels as we have seen nat gas continue to rise in europe that opens up the ceiling for gar bond prices to rise with it because of course as people move away from coal toward natural gas on their way to renewable sources that puts extra demand on natural gas so the two will have some correlation there. i think you mentioned something about the fact that you have these regulatory bodies angling and engineering these markets.

i love the analogy these are like central banks they have the ability to ease but their aim is to keep tighten, as the price is higher you mitigate more carbon being invested in carbon al allowances and participating in the upside helps reduce emissions and catalyzed not just these energy companies to continue -- i mean, these energy companies that are having -- they must by these carbon allowances, what i like most, not that they switch energy sources but they invest in fwroener technologies and efficiency that will accelerate the move to lower emissions over time. >> luke, we will leave it there. certainly won't be our last conversation, i am sure. luke oliver from crane shares. still ahead, the great heat divide poorer neighborhoods are hotter than wealthier ones. that's the finding of a recent study. our rising risk series looks at the impact on local economies.

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welcome back to "power lunch," everybody. the bulls are fighting to end

the week in groan territory for the dow and the s&p and the nasdaq still we are looking at 3% gains, the dow up nearly 4% this week big winners in the dow, apple, visa, american express and walgreens. this is just the session today apple is up another 2%, $177 and change shy or getting closer and closer to the $3 trillion market cap. in the s&p, norwegian, oracle, royal caribbean and broad copy oracle having a strong performance on really strong results. a 6% gainer. all of these names hitting all-time highs today. >> the cruise lines are coming back on the hope that the omicron variant is not paralyzing in any way. a question for you are poorer neighborhoods hotter than wealthier neighborhoods a study done in new york city over the summer mapped the heat in several different areas and the findings were just released. diana olick explains why this is

so important in her continuing series looking at the rising risks from climate change. >> reporter: on a searing summer day in new york city, volunteers fanned out in cars with special sensor tracking both heat and humidity from the crowded streets the south bronx to the open avenues of manhattan's upper east side by mapping so specifically, they were proving thatter patioer neighborhoods are hotter >> as community members who actually fight for justice, and social justice and environmental justice, we can now say there is actual data that says we see and feel heat differently than everywhere else. >> reporter: the bronx native has fought for everything from community gardens to redesigning the bronx water front to literally cool the area around it now working with a columbia university researcher, she's using heat mapping to make a case for change to local

officials and real estate developers >> how our data will different from preexisting data is we are getting extremely granular level data. >> reporter: the heat data told a striking story there was at least a seven-degree difference between the south bronx one of the poorest parts of new york city and the upper east side one of the wealthiest the difference was even wider between the south bronx and central park. >> historically red lined areas they have less infrastructure conducive to cooling, less green spaces this is the condition in south bronx. >> when we experience heat here, many times we experience it anywhere from 10 to 15 degrees hotter. >> reporter: the sensors were provided by oregon based kappa screen a climate data firm that works with the government local municipalities and non-profits. >> it is important because heat is one of the most insidious

killers in cities. it kills more people than any other natural hazard. >> reporter: and he, he says, climate change is upping the ante as local economy is now shut down more often due to deadly heat. >> we are seeing greater intensity of heat, we are seeing longer duration of thosely waves. and we are seeing more heat waves coming through yet we are using one single number to tell us the temperature for a city or a region. >> reporter: the data helps cities target financial resources towards reducing temperatures for example, creating more green spaces, lighter colored rooftops, more space between buildings, and more cooling centers stereo we want to empower the local scientists who participated. so they own the data. >> new york is one of 12 cities participating in this heat mapping project. the findings also show the

hotter it gets, the greater the divide, and temperatures are rising globally. last july was the earth's hottest month on record. tyler. >> i have a couple of uestions let me start with the first one, not the one that you may be expecting. so i hope i am not catching you off guard. this is one study of one city in one month last year. are these kinds of -- >> one day >> on one day. are these kinds of findings replicatible in other cities in other words, would you find the same thing in atlanta or d.c. or topeka >> absolutely. that's why we are doing this study in other cities, 12 other cities, as we mentioned. they have done it in chicago and found very similar findings, especially when you have these very dense urban neighborhoods areas like in chicago, atlanta, washington, d.c. absolutely, because it is very hot here. they are finding the exact same thing. >> how would real estate developers use this information?

>> developers are always looking for that great new hip neighborhood cities can only do so much with this heat problem. when you have developers who want to turn a poorer neighborhood into a revitalized neighborhood they can take the heat data, the heat map asking say okay we are going to design it different location develop it differently, put more green spaces in, make the buildings wider apart and take that data and that information to the city, to the state, and perhaps get incentives to help with this problem. >> interesting story thank you very much. >> you also notice that when you go -- when you go to the suburbs from the city. huge change. even when inflation rises you still need to eat. it is not just staples that can do well with inflation it is any company which has customers so devoted they won't stop buying even when prices rise our traders' top pricing power picks are coming up next

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with consumer prices seeing the highest spike in almost four decades let's look at plays with pricing power. the trading nation is quint and craig. craig, we'll start with you. who has pricing power? what are the best trades here? >> this is really great question it's a very simple question. for me it is apple having recently upgraded the phone and seen prices go up 80% since 2010 and my son broke the phone incredible pricing point and looks attractive it is a little extended right now but on a pullback i'm a buyer of apple. >> a different consumer staple quint, who's got the pricing power? >> i will echo craig but it's

s starbucks. they have massive pricing power and push the input costs to consumer just the company's got a lot of debt but they have $6 billion in cash. i think starbucks is a play to definitely take on the headwinds of inflation. >> two unconventional picks when we typically talk about the normal consumer staple names but these are names that maybe benefitted thank you. for more head to the website or follow along at trading nation on twitter. >> recent worker shortage forced industries to automate certain jobs we'll look at the ways that technology is helping agriculture. "power lunch" will be right back. >> and now the latest from trading nation.cnbc.com and a word from our sponsor.

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despite higher costs and splu chain issues the cfo says 79% imports from late by 51 days. no one can get tennis balls. next up c3ai, way off the best levels they're up 5% right now and see that spike intrasession. the company announcing a deal with the defense department and analysts say the number isn't guaranteed ever bridge hammered this is a software company the ceo stepping down in a surprise move. stock down 46% a slewn the stock now down 58% year to date. >> that's a bad day. when you think of advancements in technology silicon valley comes to mind but

probably not a farm but technology for agriculture has become a thing a growth area. julia boorstin joins us with the next frontier. julia? >> with the tight labor market and water shortages entrepreneurs are working to figure out how to use technology to make agriculture efficient and the startups attract a surge of venture capital investments in agriculture tech hit an all-time high in the third quarter and $8 billion to pour in this to sector this year that's double from ten years ago. a fast growing part of the sector is robotics to help assist and replace workers there's a robot to harvest strawberries it started commercial deployment this summer with two of the largest growers to tackle the

$300 million in annual waste due to strawberries rotting until field. we spoke with early stage investor. >> if we hadn't taken wheat, corn and modernized those farming techniques there's no way to support an 8 billion person population and time to bring the same technology gains to the fruits and vegetables that are on the tables every day. >> another start-up just raced $34 million seed round to partner with equipment mackers to make tractors autonomous or remote controlled. and in august deere bought a startup for $250 million tyler? >> can these robots work as fast

as human hands can and pick the bushels per hour or day? >> here's the hinge. is that these robots are not expected to fully replace humans but to assist them and have this robot go through the field to get the easy strawberries to pick and then maybe humans take more time and pick the strawberries and the robots with humans can be a lot more efficient and figure out how to get the stuff off the field and another issue is this idea that a ton of food is going to waste and come by nation of robots and humans can tackle that. >> the amount we throw out in the house. we appreciate it thank you.

>> interests finish to the week. the markets hanging in there quite well considering the highest inflation since i was a young pup. >> by the way, if anyone missed that earlier, that's the favorite trip down memory lane people sending in the first car experiences. >> why that contest in the driver's ed segment. >> thank you for watching "power lunch." >> "closing bell" right now. >> happy friday and welcome to "closing bell. i'm sara eisen at the new york stock exchange major averages higher today. the dow tracking for the a best week since march s&p and nasdaq for the best week since july i'm mike santoli in for wilfred frost. price index climbing 6.8% year over year, highest since the 1980s. tracking some big moves on earnings and pops for