tv Worldwide Exchange CNBC March 18, 2022 5:00am-6:00am EDT
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it is 5:00 a.m. on wall street here is your top five at 5:00. hopes to keep the stock streak alive. futures are lower. we are following new developments in ukraine and reports of more bombing by putin in two key cities. we are live on the ground. that war raising more questions around congress' ability to invest around intel lawmakers making money off geopolitical pensions. some real march madness. draft kings suffers an outage
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during the basketball tournament a and on this opportunity friday on wex. the stock with a very interesting story and big-time buy to match it is friday, march 18th this is "worldwide exchange. good morning, good afternoon and good evening welcome from wherever in the world you may be watching. happy friday i'm brian sullivan thanks for joining us. here is how your money and global markets are setting up the day. stock futures are lower across the board. all of the major indexes down about the same .40% despite the potential pull back, still a long way to go, a very solid week for equities. the dow up 4.5%. s&p up nearly 5%
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technology doing better with the nasdaq up 6% investors could use the good news according to jpmorgan chase, this is now the fifth worst start to a year for the s&p 500 going all the way back to 1927 obviously this week helps, but it has been a rough year coming in to this morning look at the bond market. bond yields above 2% the ten-year yield is tat 2.1%. oil dropping the last week and prices bounced back yesterday and rising this morning. not by a lot, but up 75 cents a barrel that amid peace talks with ukraine and russia and continued supply down and demand up. let's get a check of the worldwide markets. rosanna lockwood is in the london newsroom with the look at the early european trade including what has been another
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wild morning for nickel. rosanna, what is going on with the markets and nickel >> that is right, brian. it has been. let's look at the equity markets which are under water this morning. not inheriting much of a positive lead from asia. cac and germany are down in the red. the ftse 100 under .25%. the bank of england with the third rate rise yesterday. not a lot of positivity. italy is the out performer let's look at the gainers. it is interesting. picture when you consider the basic resources is .6% up. it is china exposed. this beijing financial stimulus may play into this meanwhile, on the bottom end oil and gas down .30%. nickel in london it is opening trade today.
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the limit of 12% it was 8% on thursday. 5% on wednesday. straight after opening, nickel hit the limit down of 12%. trading under $37,000 a ton. it is quite thin volume trading this morning many traders are awaiting for the shanghai futures price of $34,000 a ton. brian. >> wow look at the chart. i know it sounds -- we're looking at the chart spikes up and comes back down thank you, rosanna this is crucial to steel and electric car batteries any idea when we return to normalcy >> brian, people are waiting for the china parity level the shanghai future exchange where it is traded widely. they should be moving this trade
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over to china, but it is not that straight forward. it is a tricky market to enter until it hits the $34,000 mark, it will continue to move down. it went north of $100,000 a ton a week ago and trade was suspended. lme created intervention to steady the market. the last open trading floor in london, brian, you know, i'm a big fan of the lme >> i think a lot of people were big fans, rosanna. we will see how many are fans after this trading nickel rosanna lockwood, thank you very much now to the latest on russia's invasion of ukraine reports surfacing of explosions and smoke now in northern parts of the capital of kyiv meantime, lviv's mayor reports several missiles hit the far
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west of the country and destroyed a building no reports of casualties here in the u.s., president biden is expected to turn up the pressure on china over support for russia the president and president xi jinping are set to speak at 9:00 a.m. this morning. tony blinken will make clear that china will bear responsibility for any actions it takes to support russia 's aggression on capitol hill, the house passing a bill to suspend trade relations with russia and push to isolate the economy further the bill revokes the most favored nation status in the world trade organization paves the way for the president to introduce higher tariffs on russian goods. jpmorgan chase has reportedly processed funds from russia to cover a bond interest payment. moscow seeks to avoid the first bond default in a century.
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according to bloomberg, jpm, the bank russia used sent the payment to citigroup acting as the payment agent. bond holders of the russian department said they had not seen any signs of the late last night. paypal says they will be able to send known ukrainians in the nation and those who fled in other parts of europe and the world. previously people in ukraine were able to use the platform to send money outside of the nation back to the markets here and what is a solid week around the fed's much anticipated liftoff on rates the next guest is bringing in names on opportunity friday here on "worldwide exchange." that is jeff kilburg chief investment officer at investment wealth. jeff, good to see you on this friday early morning you have been hot and heavy in
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the dividends. deep value stocks. are you sticking by the strategy or does this change your mind in how to invest right now? >> sully, i'm constructive we have the fed meeting in the rear-view mirror we focused on president biden and president xi's discussion. that has been a relief in the marketplace. what is interesting, sully, for the first time, we have seen three consecutive 1% gains in the s&p. that relieved anxiety. pushed the vix to 26 if you go back to 1950, you see three 1% gains in the marketplace, 90% of the time, we see the market move higher sully, i average 20% i have optimism.
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we are focused look at chevron, coca-cola, truist a cross section. that dividend yield for those three holdings are about 3.25% we have seen a lot of risk mitigation when you own those. that is a tilt we will move forward with to close out the quarter. >> yeah, i'll not call those names boring, but considered bothering compared to the high growth chevron is trading like a tech stock. is that a sign, jeff, of how you see the entire markets this year which is just return of capital, get capital appreciation if you can, get dividends, get through 2022 >> i think we have to digest the fact we have to take the myopic view we expected higher volatility. it is a midterm election year.
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we are focused on sector rotation we have industrials and financials and the shift from growth to value. it is not a straight line. i'm optimistic i think we will see a lot of the returns. historically speaking going back 85 years all of the rurneturns in the election year come before november it will be continued volatility. there is a lot that has tilts toward it. we have earnings season coming up we are focused on ukraine. not dpiminishing the tragedy i think right here and right now, this is the time of 10% kre correction in the nasdaq you have to be a stock picker sdplpicker >> i know you are not a short-term for sanctuary it looks like the market is trading inverse to oil oil up, stocks down.
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oil down, stocks up. what do you think of that relationship and, if so, how is that playing out in the near and medium term? >> that is a great point, sully. i traded a ton of crude oil in my career. when you see that go to one, you have the opportunity to sell puts when you see a drawdown in the crude oil wti. you have to take profits crude oil up to $130 and we knew it was a knee jerk it was a speculative you have to be nimble and use etfs futures or options. we like options to defy risk i want to understand what it can lose, but have the reward waiting for me. >> jeff kilburg, a man who has traded a lot of oil back in the day of the of day. we need that insight jeff, always a pleasure, my friend thanks for coming on see you soon
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>> sully, you're the best. good luck to the hokies. >> 4:30 eastern time thank you, jeff. we have a long way to go and short time to get there. get ready for another booster. one drugmakers looking for an okay for the fourth round of covid vaccines. plus, more lockdowns in china creating congestion in the supply chain and adding an intense inflation pressure the risk those problems pose. and vikings owner is here to say what he saw and did on the tripo rae. icarnd tukin stem illions of passengers taking millions of trips every year? you aren't about to let any cyberattacks slow you down. so you partner with ibm to build a security architecture to keep your data, network,
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welcome back let's get to the morning's top headlines. including drama for draft kings as march madness tips off. the busiest gambling time of the year silvana henao is here with that and more good morning, silvana. >> happy friday. moderna is asking the fda to authorize a second covid booster shotfor adults the company is seeking approval for all adults which is broader than the pfizer request to approve a second booster for seniors. moderna saying the request would
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need flexibility to the cdc to determine the best use of the second shot. meanwhile, disney under fire for the response to the don't say gay bill sources telling cnbc that senior leaders at disney studios expressed frustration to the ceo over his handling of the matter. specifically disney's reluctance to take a firm stance against the legislation. some employees have organized a walk-out for next week and march madness for draft kings as the app experienced server issues during of the first day of the ncaa tournament the issues on the betting app occurred after the gonzaga promotion offer. brian, it was resolved 20 minutes after the company's first announcement of the serve ehrr error. i best there were frustrated gam gamblers >> you can bet that because
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people could not bet or see their bets >> exactly. >> stressful times >> yeah. >> this is march madness you can bet on everything from the straight up games to who scores the first basket and the mvp. >> it is madness the amount of betting you can do >> it is madness that's part of the fun i went 0-16 yesterday. i was red hot. i got ice cold that's the fun silvana, thank you that's part of the fun some of the upsets where in the world did that team come from? still on deck, insider buying the top five stocks giving the most money from the executives. the easy money train running low with the mortgage rates now a long bygone mery
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first time since 2019. the average rate on that home loan was 3.2% at the beginning of the year. bankrate.com is pegged at 4.6% nationwide a huge jump. that may not seem high historically, but check out this random stat. the investment group reported that mortgage rates have been this high or higher 6% of the time for a brief period in late 2018 and 2019 and before that, you have to go back to 2013. it will be very interesting to watch how a red hot housing market deals with this rate inflation pressures in the supply chain are mounting again as the world waits to see if china lifts the lockdowns in shenzhen and restrictions in
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shanghai scheduled until sunday. imf warned china should it review the zero covid measures risk the global recovery these lockdowns have created congestion and it doesn't seem to have impact on how covid does lori ann larocco is here to talk about the slowdowns the last two years. lori ann, it is a lot. >> it is, brian. especially with these two ports. a lot of us hear about electronics. it is not. it is qvc and raymour and flanagan shanghai is the most largest port for companies like walmart and dollar general and john
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deere. yantian has 25% of exports coming out of there for us shenzhen with 50%. when you look at shanghai, they are 25%. if you look around your home right now, chances are a lot of that product, including the furniture you are sitting on, came from either those two ports. when you are looking at the prices, you know, you hit on it. congestion it is the driver here. according to freight, west coast freight is up 209% year over year it doesn't stop there. air freight just last week from shanghai to the united states was up 42% you know who will pay that you and i. >> this is not something that is necessarily going to be born by the company. hopefully it will be split, lori ann, along the supply chain. everybody takes a piece.
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let's talk about something else. i want to talk about dpiesel. russian oil tends to be garbage oil. it is thick. without getting into the grades, a lot of it can be used for diesel what do you hear about that and impact on shipping costs which is a massive part of the business >> when you are talking about the fuel that the vessels use, that price and last time we were on, we talked about it being up. when you look at the fallen ty fuel entity of the air freight and vessel and middle mile and last mile. it is all up i spoke with andy lippou who says we are not at the peak. he is expecting it to peak at 520 and go down to 490 that means we are talking about
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it and he is worried that fedex and u.p.s. and amazon will have to raise prices which we have to pay for. >> i mean, pretty incredible stuff here let's talk about p wchina. the lockdowns. china following the zero covid policy for years it doesn't appear to have worked hong kong is going through stuff that is just the worst outbreak in the world, but maybe the world has ever seen right now. that said, the lockdowns and restrictions are set until sunday talk to us about the overall flow of trade. once it stops, everything gets backed up like you are trying to drain a sink that's clogged. how is the impact? >> the hair ball is still tangled. when you are looking at what's going on with the flow of trade, a lot of people focus on the
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vessels. it is more than that it is the drivers moving the product. the warehouses moving the product. maersk had the warehouse closed because of what is going on in the shenzhen area. it it does slow things down. reduced trucking capacity means you cannot pick up empty containers or product. when it comes to the empty cont container, there is difficulty picking those up it is hard because the warehouses are closed. everything is this conundrum the logistics folks are looking at the impact this week. they were able to move the product at the port. the question is can they move what is left and are they going to open on sunday? you and i know that can change >> yeah. it can change quickly.
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lori ann larocco, thank you very much i appreciate it. the head of the port of los angeles is coming up on "squawk box. lori, thank you. still on deck. how members of congress, many of whom, still addicted to trading stocks may be making a profit off everything going on right now. including the putin war in ukraine. ylan mui has been following this from the beginning and calling people out she will be here for that. stick around half the night searching for savings on your prescriptions? just ask your cvs pharmacist. we search for savings for you. from coupons to lower costs options. plus, earn up to $50 extra bucks rewards each year just for filling at cvs pharmacy.
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can stocks keep this mini rally going or will another oil spike send markets back down futures are lower. putin's murderous war continuing and bombing cities in ukraine. now heading toward what has been a safe haven in the west we call them opportunity fri fridays on wex one ceo making her first ever buy of her company stock it is friday, march 18th this is "worldwide exchange. welcome or welcome back. good friday morning. 5:30 here on the east coast. here is how your money and markets look right now we are seeing futures slightly
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down fair value is in the green not making too much of it. futures are off a little over triple digits on the dow more on the nasdaq half percent for overall markets. a good week for stocks the dow up 4.5%. the nasdaq up 6% that as oil, until yesterday, was coming down. let's look at oil now. it does appear the equity markets are trading inversely to stocks oil goes up. stocks go down oil goes down, stocks go up. the price of oil is higher up .75%. to $103.69 supply down. demand up. we are seeing brent crude in europe up $107 per barrel. let's get the latest on russ russia's invasion of ukraine explosions and smoke seen in
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more than parts of the capital kyiv the western city of lviv's mayor reporting that missiles hit a plant in the city. that is where we find nbc's molly hunter in lviv, which is a safe haven, and one of the only spots to get real reporting from molly and many others. now it appears the city where we are seeing a potential action. what are you seeing on the ground, molly? are you and the crew safe? >> reporter: brian, good morning. thanks for the concern we are safe here that attack this morning was four and a half miles from where i am according to the mayor, it hit a repair depot next to the airport. the airport hasn't been operating for the last three weeks. we have information from the ukrainian air force. it says russian missiles hit the
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area near lviv airport according to data where six cruise missiles were launched from the black sea area two missiles destroyed on the way down we heard air raid sirens here at 6:08 a.m it is 6:25 we have colleagues on the other side of the city who actually heard some thuds and explosions after that first air raid siren. they saw smoke rising from the direction of the airport we could not see it from where we are the closest attack to the city has been the safe haven. this is where the ngos are operating and people fleeing to the west to europe to safety it is where hundreds of thousands of people have decided to possibly wait it out. people who fled from kharkiv and mariupol they wanted to stay here and see if they can return home. i think that will start to
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change >> it is a scary situation there. that is the capital where folks like you and other members of the media reporting from let's go further to the east and south. that is the situation in mariupol as russia continues to capture or destroy this key city by the way, was one of the most beautiful cities in the part of the world laid to rubble by putin's madness. what can you tell us about what is happening there >> reporter: brian, that's right. we have spoken about the city under siege. 450,000 people according to the city council 350,000 are still trapped. here in lviv in the last three weeks, we have not met anyone or refugees from mariupol until last night these humanitarian corridors out outside mariupol have failed because russians blocked the humanitarian routes for anyone getting out. two days ago, thousands of
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civilian cars started to make a convoy and get out of the city we met two women last night, brian, in that first convoy of cars these are the first testimonies we heard from civilians. they describe hell they lived in a basement for three weeks. they cut down trees for firewood they cooked outside in metal bucke buckets. they melted snow for water we are now starting to hear their stories. it is important to understand what happened there. >> it sounds a little bit like london in the early 1940s. i wantmolly, our viewers hear the loud noises i texted a producer here and thought i heard jets those are resttrains from our feed, it sounds like fighter jets flying over you apparently, they are nearby
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trains >> reporter: that's right. i'm in the old city center this is the unesco world heritage site. the street cars that go behind our live shot. it is busy out here. we should say there is a split screen an attack four and a half miles from here. there are families out walking and enjoying the chilly and sunny day here traffic is rolling around as usual, brian >> all right for now, a scary situation there. molly hunter, we appreciate you being there. stay safe. thank you to everybody molly, we appreciate it. from lviv, ukraine, to capitol hill here in america the story that is sure to generate outrage some members of congress apparently are looking to make a profit off war some elected officials, the people's servants ys using the developments to snap up stocks.
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ylan mui has more. >> reporter: brian, as you know, congress spent the last few weeks debating economic sanctions and military assistance and billions of dollars in emergency spending to deal with the crisis in ukraine. for some lawmakers, it was also a trading opportunity. our analysis and disclosures found more than a dozen members reported trades, their own or by their spouse or child, in sectors directly affected by the war in ukraine that includes raytheon and chevron and oxy and crowdstrike. we estimate $7.7 million since february 1st the bulk in energy and security and cyber and defense. the defense secretary tweeted this the day before russia inv invaded. quote war and rumors of war is
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profitable and convenient. she disclosed she bought shares of lockheed, chevron a day earlier. a spokesperson for greene said her investments are handled by an outside adviser and did not know about the trades until she read about it in the media lockheed is an american company and that stock is up 11% since the day she bought it. this scenario is why many members are calling for a ban on congressional trading. we reached out to every lawmakers on the list and the ones who got back to us said they are not directly involved in managing portfolios brian, some said they support a ban on trading back to you. >> okay. they say they support a ban on trading. where do we stabnd is there anything happening in cons congress to ban stock trading by congress >> reporter: there have been a
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bunch of bills already proposed on this. the house supposed to hold a hearing on that this week. that was postponed because the chairman of the committee got covid. ironically, this activity and this momentum has been delayed and postponed as well because of what is happening in ukraine that is taking up the oxygen here as congress dilly-dallies on the issue, many members and families are trading and buying and selling and potentially making money. >> yeah, ylan, i half joked. three ways to get rich quick win the lottery, sell your company or become an elected official they all seem to be addicted to stock trading. they all seem to get rich. >> reporter: not all the trades ended up paying off. it seems that way, brian some that clearly stocks have gone up since purchasing it.
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some lawmakers sold shares and companies have seen higher prices you know, it is unclear if they are better than the average on wall street. >> investing, fine invest long term while in office put in a blind trust do anything you want out of office we know many people never leave office permanent million aire lawmakers you want to get rich become a member of congress. the growing refugee crisis around ukraine more than 2 million fleeing the country. some with no place to go many women and children. coming up, mark wilf jdstu returned from the bol rder and w they are trying to help. that's coming up you're late well, cdw amplified services experts
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welcome back as the world watches putin's war, there is another tragedy. the refugee crisis in poland women and children fleeing the war and no place to go many here are trying to help the jewish federation of north america raising $25 million to help the refugees and trying to connect with people on the ground joining us is mark wilf. chair of the board of trustees of the jewish federation of
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north america and the owner of the vikings. no time to talk football mark, tell us what you saw on the ground there near the border of ukraine >> brian, thanks for having us on as you mentioned, i went with the jewish federation of north america. representing over 300 communities in the u.s. and canada we raise funds for social services we have the privilege to go to the border town in poland. what i saw and witnessed with leaders were thousands of refugees streaming in. we know millions are coming over truly a heartbreaking thing to see. parents and families coming across literally their possessions in it one shopping cart a heartbreaking thing. really, really what was impressive was the amount of support and humanitarian aid that is beginning to show up
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there. volunteers and people that really care trying to do their best in a horrible situation >> mark, where are the people going? we are talking about potentially more than 1 million people poland is a fantastic country. they welcomed them with open arms you still need the resources and infrastructure housing and food everything it takes to keep families warm and fed. where are these people mostly ending up at least in the short-term >> they are ending up in all kinds of situations in terms of housing that is set up by the different organizations such as partners with the jewish agency ofisrael and all of the different organizations on the ground trying to grab up housing. necessary to set up tents on the border tents with hundreds of children on cots.
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this is why we have to raise the money and do what we can governments, charities, do what everyone can to do our part in a difficult situation. again, this was the first major organized. sorry. >> no, no. my fault mark, there was a pause. i didn't mean to interrupt you let's say our viewers want to help i assume they can go to the jewish federation north american web site they make the donation where does that money get allo allocated? what are the key needs right now and are close to 100% of the money donated. is that going to those on the ground in need >> it is jewishfederation d.org medical needs, housing, transportation hundreds of buses lining up to process people
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again, to find them and the food and medical care to establish their situations and begin to think about next steps and where they can reestablish their lives. this is donations that goes directly to the source which is all the humanitarian aid on the ground needed. the needs are overwhelming no matter what happens in the political and military situation, these needs will have to be dealt with long after the news and headlines go away a lot of people's lives are truly affected >> i don't want to put you on the spot if you had a chance to speak with the folks, mark, or not do they know where they are going to go? are they waiting it out? when the war ends, they will go back home? what are these people's plans longer term? >> you know, some are not clear. they are still in shock and
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pain some will resettle in poland some have relatives or people there or in eastern europe they will go to different countries to open borders and say we welcome refugees. some of the refugees are settling or making do to get to israel the jewish community is doing their part the overall situation, they will go all over the world. eastern europe will take, obviously, the lion's share of the people >> mark wilf with the jewish federation of north america. go to the web side click on the ukraine link to do your part it to send money to people who are homeless and in great need of help mark, we appreciate your time. appreciate the work you did over there. thank you very much for joining us >> thanks, brian i appreciate it.
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you're very welcome. on deck, exclusive weekly look at the insider buys by corporate executives and one unusual buy by a first-time buyer ceo. plus, most rgan stanley's t on why the fed could get more aggressive what it means for your money stick around this is the new world of work. each day looks different than the last. but whatever work becomes, the world works with servicenow. alright, so...cordless headphones, you can watch movies through your phone?
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and y'all got electric cars? yeah. the future is crunk! (laughs) anything else you wanna know? is the hype too much? am i ready? i can't tell you everything. but if you want to make history, you gotta call your own shots. we going to the league! at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. (vo) for me, one of the best things about life is that vanguard. we keep moving forward. we discover exciting new technologies. redefine who we are and how we want to lead our lives. basically, choose what we want our future to look like.
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so what's yours going to be? getting the incredible iphone 13 without t-mobile, makes as much sense (ready or not,) as playing hide-in-seek... (here i come...) in the desert. really guys? t-mobile has more 5g bars in more places. and now, when you switch you can get iphone 13 on us at t-mobile. time for one of our and your favorite segments of the week. weekly insider buy we highlight the top five stocks bought the most by the level executives with their own money. the data comes from insider score platform as always, we are counting down five to one. ready? let's go fifth most insider buy is ball
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corporation. $601,000 insider buy by the president. that adds to the buy he made last november. aggressive on ball number four is avidxchange holding. $693,000 by byuy by the ceo. number three ambarella. $1.01 million buy by the board member and first insider buy in almost ten years and stock two is interesting u.s. foods over $1 million buy by the chairman two other board members also bought at the company. this is a company that is at a proxy fight with the hedge fund that wants to replace the board. this is one to watch the board is buying as the hedge fund is trying to reappplace th
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board. and coty $2.52 million by the ceo this is interesting because the ceo got a $30 million restricted stock buy when she joined. this is not that she has $30 million in restricted now with her own money, layering on $2.5 million. it is the fourth insider buy at coty in the past year. coty is a name to watch. ball, avidxchange and ambarella and u.s. foods and coty. we do this every friday. it is a segment you see on wex or get on cnbc pro if you are not a member of cnbc pro, sign up today. back to the markets. coming off a nice three-day rally. oil prices fell until yesterday. let's talk about what it means for matthew hornbach at morgan
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stanley. i can only imagine what it is like to be a macro strategist. how much of the world is unknown at this point? >> thanks for having me on the program, brian a lot of uncertainty in the marketplace these days that's why we're seeing volatility that we haven't seen since, you know, the middle of 2020 both in the interest rate market as well as the commodity complex. volatility and that reflects the uncertainty that most investors have >> yeah, it brings to question the federal reserve because i've asked this to many guests, matthew. if we're told the inflation is a large result of the war, it is a partial result if it is part of the awar and sanctions on russia, what is the fed doing about that other than bringing down macro demand which leads us to the "r" word
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recession. do you see recession next year >> brian, our economists don't see recession. we think the yield curve which many people look at as a harbinger for recession is not sending a clear signal here because of the liquidity central banks put in the marketplace in the last yeatwo years. one reason it is strong is because central banks have done a great job lowering interest rates and trying to get us out of the recession that we were in in 2020 they did a spectacular job the problem is the supply side did not keep up. you have a mismatch now. and the inflationary environment is, in part, a consequence of the supply chain issues we have
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been dealing with. there is a demand component here that is something the federal reserve can try to address over the coming quarters. >> that's half the equation. nobody talks about demand except you, matthew that is a part of it you wonder when we have the so-called demand destruction people saying $6 for a cup of coffee it is opportunity friday guf give our viewers some strategy advice what do they buy or own? >> brian, we are telling investors to broadly avoid the government bond market if they can. we don't think there is a lot of value in government bonds these days if you have to own some, you know, we're suggesting owning longer maturities. we like curve flatteners broadly speaking, we don't like interest rate markets here finally, dollars
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we like dollars. >> you want to hold dollars. you don't like government bonds. commodities one to watch i'm not sure how you are doing your job these days, matthew, good luck. a lot of unknowns. take care. that does it for us on "worldwide exchange" on friday if you are leaving now, see you monday don't go anywhere. "squawk box" is next i'll be alongside joe for the three hours. oil is down. i'll be right back after this a short break. stick around that helps you build a future for those you love. vanguard. become an owner.
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president biden is going to speak to china's president xi later this morning about the russian invasion of ukraine. we will get you ready for the call. chaos in the ncaa tournament where to now, saint peter's? maybe to 16? maybe to 8 knocking off 2 seed kentucky the tenth time in history a 15 seed pulled off the upset. and georgia state played gonzaga tough. that's never happened. gonzaga pulled away at the end it is friday, march 18th, 2022 "squawk box" begins right now. good morning welcome to "squawk box
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