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learn more at rvsvinfo.com. rail vision is at the forefront good afternoon welcome to "power lunch. along with kelly evans i'm tyler mathisen coming up, stocks are lower today but the risk-on rally is back growth out performing value as the retail traders pour money back in. what this means for the markets. >> plus, the promise and the problems with ai chat bots being put to the test with results that are often terrorizing. a quick check on the markets the nasdaq down 1.2% today, but well off the lows.

>> the nasdaq is still up for the week the growth trade is back in vogue at least for now let's bring in kate rooney to talk a little more about that. hi, kate >> hey, tyler. crypto and some of the high-growth stocks have been some of the biggest winners this week one key factor you've got to look at here, inflows from individual investors, names like coinbase and micro strategy tend to attract what we call retail traders. these companies see relatively low interest meanwhile institutional buyers aside from hedge funds tend to trade less frequency new data from vander research shows the highest level of inflows ever from this retail cohort net inflows topped $1.5 billion, a new record, among the most popular names there. chris brenler downgraded coinbase as it pretty much doubled last year in what he said was objectively bad news.

regulatory crackdown out of d.c. let's also note that short covering is extending the rally. coinbase has about 24% of the float or essentially available shares out there sold short, microstrategy, 34% silvergate a whopping 73%. despite tanking yesterday, crypto bank is up double digits. they also point to what they call fomo driving this, fear of missing out. they saw more buying on days when the s&p was actually up, indicating that people are chasing momentum versus any sort of dip buying or ban gaj hunting when stocks are down they don't see this group running out of steam any time soon they still have plenty of dry powder marked in money market funds that can still be deployed bitcoin has seen its own resilience, up 12% on the week it's seeing the opposite dy dynamic. barclay's reporting a boost

mostly from institutional buyers as more individual investors come into the market and buy up growth stock, should you follow the crowd? let's bring in david speak ka, president of guide stone capital management, ron insana co-ceo of contrast capital partners. david, i think the question we posed in the intro, for you, you say no, equities are too rich given the eps estimates declines more downside coming midst of the largest decline in m 2 or money supply history. the fact that fed policy reacts with a lag, we expect a u.s. recession in the second half of the year so what should i do? >> bonds are a great place to be right now, tyler we've got yields we haven't seen since the mid 2000s. when the fed was flooding the market with liquidity, we had to own equities because you

couldn't make money in the safer parts of the market. today, with the fed sucking all that liquidity back out, taking m 2 out of the market, bonds are very attractive. all that said, i do think growth stocks are due for a rebound given their underperformance last year. growth stocks will perform better when interest rates are stable to falling, which will happen as the market starts to price in the recession, and they also tend to do better in slowing economic times because investors tend to pay up for growth when growth becomes scarce for a barbell strategy, own some growth equities and some short-term bonds and i think you're in good shape. >> so growth -- even though you say more downside is ahead >> we're long-term investors, tyler. i'm not going to try to tell anybody don't time the market. we're in the midst of a 16% rally right now that i wouldn't have predicted inflation is still hot the fed has the pedal to the

metal. when you bail out on the market, you'll miss those bare market rallies. i think you need to have equity exposure, but you want to be invested in high quality companies that can withstand a high inflationary environment and that will benefit from the trends we're seeing right now. >> ron, what do you think of what david just said >> i think we're close i would go more specifically toward just stock selection based on not just the recession resistance and inflation resistance, but just really focusing in on high quality. i do agree, although, at the very, very short end of the treasury spectrum that people should be playing there, the six-year and 1-year bill yielding 1%, that's pretty much a steal. i think the market is going to be extremely choppy. i don't see any real direction over the next several months that's meaningful. again, as we've discussed many times over the last several months, we don't get a secular bull market in stocks while the federal reserve is still tightening policy. >> speaking of that, what are your thoughts on the latest

we're hearing from fed officials, ron we have a couple of them calling for maybe going 50 if they were voting members bank of america changed forecast for june from a pause to a 25 basis point rate hike. the market seems to be going along with that. >> i'm in favor of duct tape in this environment i wish we could get some people to stop speaking -- and changing their minds literally on a weekly basis, whether it's jim bullard, larry summers, whoever we've spoken about in the past larry said the fed is going to hit the brakes hard. a week before that, inflation was going to accelerate. i think there are officials and ex-officials are speaking far too much in an environment we don't know quite enough about. i'll admit i was wrong to an extent on inflation insofar it's stickier in shelter, stickier in services it's not coming down fast enough i think everybody is putting

their finger the wind and making comments that probably don't make sense in this environment. >> i wonder if we need a vixx of fed speak. >> exactly. >> when the fed speak starts to get erratic, is that itself telling us something about being in a turning point >> i think that may be part of the point. they're also kind of in quicksand. the fed's credibility is on the line jerome powell is still suffering from his transitory comments in 2021 if the fed decides, hey, let's go ahead, we went back to 25 basis points let's go back to 50 this meeting, they're going to lose a lot of credibility one of the things you're seeing now, a lot of people are saying, the fed is not going to go to 2% they're going to declare victory at 3%. maybe they do, but, again, that hurts their credibility. they have been pounding the table on that 2% core inflation number for a long time i think the fed credibility is a big factor here.

jerome powell's willing see is at stake i think a lot of this chatter you're seeing maybe are certain fed members trying to get out of the way of the train coming down the track at them. >> reason, you say you like six-month and one-year bills at 5% you must, if you live in a high tax state, love munis right now. >> if you can get the proper yields where you're triple tax freed, getting a tax equivalent yield of 5%, yeah. you have to be selective and make sure with something with respect to general obligation bonds versus bonds that have dedicated revenues coming towards them, i think you need expert help in there when you get to the muni market it's different state-by-state, different tax bracket by tax bracket. generally speaking, i would say it's also an interesting area to be mining some yield. >> david, let's close with a comment or two on invade yeah, lawyer yell and humana, an

eclectic group of stocks you like. >> this goes back to the barbell strategy i referenced. you've got nvidia which is a big player in ai and autonomous vehicles and gaming. the stock was down dramatically last year, rallied so far this year one of the tech names we think would do well. lawyer yell and humana are recession-resistant stocks which will do well in a weaker environment. cosmetics do well in a weakened environment. l'oreal saw revenue growth in 2008 between that, humana and ensure, you've got a good place. >> when you're wearing nice makeup, ai works much, much better gentlemen, thanks very much. have a good weekend. we talked a lot about the potential of ai, but as chat bots roll out, people are finding hilarious and in some

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creepy messages are flooding the internet "new york times" columnist kevin roos confessing its love to him and even trying to break up his marriage despite all that, the big chat bot is still good for microsoft business alex, you've been having your own big experiments or do we call her sydney or is sydney at war with bing? i can't keep up with the drama i think this is great for business it's kind of the point ben thompson was making, feeling like you're talking to a person may be a feature and not a bug. >> absolutely. i think this is great for microsoft. it's great for the business. when was the last time we talked about bing it's been ages this is going to demonstrate that microsoft has ai capability and put bing back on the mark and, c, elevate it as a pop culture phenomenon in a way that

brand hasn't been associated with for a very long time. i think it's very good for microsoft. >> what about the sort of dis disturbing last time we talked about bing it was crosby. i read some of the chain of messages in "the new york times" story. they seem to run off the rails a bit. if i get that as part of my experience, how long am i likely to stay with bing or chat gpt? >> let me stick up for the ai here, which is a weird thing to do i'm going to do it against kevin roos if you tell the ai to be in a shadow world or be a devious version of itself and it delivers that for you, is the product really not performing. should you be creeped out if you encourage this bot to live its shadow self and it does? in fact, it was a fascinating conversation kevin stayed on the line with this thing for two hours talking to it.

he couldn't let go of of course, he was doing it for research purposes >> everyone is going back and watching the movie "her. i think it's a huge use case something i don't want people to overlook an analyst in washington, d.c. was messing around with bing and trying to figure out if his daughter had, i think, a snow day. based on what you know about me, does my daughter have a snow day or late day. a simple question like that. it wrote back, here is the phone number to call, here is the policy it was everything we ever hoped a virtual personal assistant could be so there's use cases here, it's already revealing, that is likely to make bing an essential tool the question is can google keep up >> i think google can keep up. obviously google has been reticent play ball because it sees some of these problems. this is something that has gone

unnoticed, bing is clearing the field for google all the objections people have to google's technology, they're seeing it first with bing, and microsoft is still standing. i think google is taking very careful notes about this situation. they're going to say we had to do something, nobody got mad when it was happening with microsoft, here is our version maybe now they can actually have this second mover advantage go in and release their product which i think is better. >> how are these products going to change our lives over the next five years? >> we're going to start talking to computers in our language up until now we've been talking to computers in their language we first started with code, then we started with key words that might trigger some form of computer result that, again, is all about how we speak and the way they want to communicate now they're coming closer to us. so i think it's going to enhance the way we interact with computing. it will have some weird and scary implications there's no doubt there's a downside to this

but i think more broadly it will bring us in touch with this very powerful technology that we've always had around us and it's going to inmesh it in our lives more than it's ever been before. i'm more optimistic than pessimistic about it i think our radars are up. >> you said you think google's technology is superior let's go back to the gaff from a couple weeks ago a lot of people in our audience has been buying shares on the selloff and make the case for why you think their technology is superior or for the investor who is watching google and microsoft seem like obvious examples here. are there other companies that come to mind who are going to be an important part of this next wave >> in terms of google's technology being superior, i'm just talking from the basis of conversations i've had with people inside google i've spoken with the google engineer who thought this product was sent ghent

i spoke with the first product manager who said it was basically at chat gpt a few years ago. i only expect it to be enhanced. that's why i think google's is probably better. in terms of the there are any other challenges, this will end up being platform tech nol developers will be able to build their own applications using technology from microsoft, from open ai. we never exactly know what they're going to build i think that is something to be excited for. somebody sitting in their basement right now can use the technology to create pretty impressive interactions. >> very quickly, how are -- in the case of microsoft and google, how are they going to make money at this >> so big -- there was a story today about how big is going to try to sell adds on this type of stuff. i think that's weird i joke, trying to break up kevin

roos' marriage, "the new york times" columnist you can think about ads. you can think about apis that people can use this stuffment you can also think of the shine that it adds to enterprise software, enterprise cloud support like you have with azure or google cloud services. >> do you think there's an earnings risk to google? so many people are using bing, using chat gpt google's current search platform is one of the most powerful advertising businesses ever built. do you think there's an earnings risk here? >> the question is what happens if this is something that gets like 2% of google share. 2% of google share is actually a lot of money you might have that force coming into collision with the fact that google has taken so much of advertising spend moving from other platforms to digital that it doesn't have that much more to grow, or it can't sustain the growth rates that it has we've seen that in the last few

quarters i don't want to say this is going to kill google's business, but can it gobble up some of the growth no doubt. >> alex, great to have you today. thanks so much. >> thank you. ahead on this very interesting show, meta versus employees. the company reportedly giving thousands of workers sub-par reviews. we'll discuss that solar stuck in the shade y multiple ceos are warning of a slowdown in that space we'll be right back with more. but with upwork, there's highly skilled talent from all over the globe right at your fingertips. it's where businesses meet great remote talent and remote talent meets great opportunity. ♪♪ ♪ this is how we work now ♪

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let's get a check on the markets. the dow down a little bit. it turned positive briefly the s&p 500 is lower by about half -- actually the dow is higher by .14% s&p 500 a little lower, ditto. the nasdaq off 112 points. chips leading technology lower nvidia down nearly 4%, but up more than 45% this year, earnings come out with nvidia next week. energy, the worst performing sector today oil prices moving lower by 3%. u.s. stockpile showing crude inventories at their highest in nearly two years

there you see that translating into negative numbers against those measures keep an eye on shares of world wrestling entertainment. ceo vince mcmahon looking to get as much as $9 billion in a potential sale of the company. the stock's current market value is between $6 billion and $7 billion. wwe up 30% so far this year as the company weighs a sale. let's turn to the bond market yields are rising, the ten-year to its highest level of the year wwe star rick santelli joins us now. rick. >> hey, tyler. it's very fascinating. write now a ten-year note is down about four basis points on the day, hovering at 3.82 which means it's only up 8 basis points on the week it was up 14 to 15 earlier that's the point since it's down from yesterday's yields, yesterday yield's were the highest yield close since

december 30th, we're in the right zip code for the highest yields of the year but we've turned down a bit. the canary in the coal mine was two-year yields, missing the close by 1 basis point which was 4.71 high today, 4.72 is the key close. that backed up everything. the two-year is closed, but the ten-years, their october high was 4.24 we're still a ways away from that there's still many that believe, if you open the chart up back to 2008 that the higher we made in october, the highest since 2008 is going to remain there which means the yield curve will remain inverted. while we talk about rates, maybe we should pay attention to the dollar index, closing at a six-week high today should it stay at current levels it is on pace with the ten-year note both moving hand in hand. time for our weekly etf

tractor. metals an mining have seen outflows about $86 million through yesterday. rising interest rates. gold currently near its lows of the year as we skusd earlier, money going into the riskier growth stocks etfs are lower for the week, whether gold, platinum or strategic tematerials. rare earth has been a strong play platinum as well, 2.5% drop. more info available on the ft wilshire etf hub over to frank. in germany for the munich security conference vice president kamala harris met with french president emmanuel macron to discuss the west's support for ukraine. she spoke exclusively to nbc news about washington's relationship with beijing. >> we will maintain the

perspective we have in terms of what should be the relationship between china and the united states that. is not going to change certainly and surely that balloon was not helpful which is why we shot it down. >> the biden administration defending its response to the train derailment in ohio one gop congressman from the state wants more information on testing plans saying the community must be able to trust their air, water and soil is safe in an effort to catch the culprits, the nypd released security camera video of four peopl people stealing everything insight in a givenchy store. ahead, another deluxe version. is vehicle demand improving? you've seen car prices lately.

full stream ahead. new reports show this could be the year streaming overtakes traditional tv we have details and the fallout coming up on power lunch

welcome back we're going to try something new with "three stock lunch. three key stock stories on our radar. our reporters will give us the news and moves of the stock. our trader, heather brilliant, president and ceo at diamond hill capital management will gave us her trade. seema, you've got john deere. >> the stock is up 7%, lower fertilizer and energy prices helping farmers in the past quarter spend more on ag equipment. precision agra grew sales by 55% a year cots are going up as well. the ceo telling me that spending on research and development is up 14% versus last year, just high of 2.1 billion. mergers and accusations will remain key to thebroader strategy as deere bets on artificial intelligence and

robots farmers want more tech enabled efficient that makes them more efficient when planting and harvesting one cause for concern is pricing. after two years of price increases he says prices will likely come down toward the back half of this year as inflationary pressure subside. that's not stopping the stock from moving higher. >> heather, what do you think of deere? >> i think it's a great example of a company that had pre men douse competitive advantages and we can see some of the strengths coming through they were able to raise prices twice as much as they were -- as they saw -- cost increases i should say it's a cyclical business there will be bumps in the road. this is a great example of the long-term advantages they face with their dealer network and focus on technology. >> deere shares up 7%. auto nation also soaring phil lebeau has these details. what are we learning about this

wacky auto market, phil? >> not a whole lot from this report nothing has really changed that's not the reason is stock up is almost 10% they beat on the top of the bottom line. adjusted basis record kwourgt quarter revenue. you're looking at new car revenue, not a surprise, up 8%, used models down 8%. it's the after-market services, up 7% of revenue there remember, they get half of their revenue, generally peaking most auto dealership groups get half of their revenue, the business, on this service part of the business. that's where they're really going to make most of their money. not surprisingly, you're seeing all the major stock, auto nation, penske, group one all at or near 52-week and all-time highs, guys. >> heather, do you like auto nation kind of an under-the-radar stock. >> it is

there are therg things about the company. the average selling price has bolstered results. they they bought balk 25% of the shares they seem to be doing a great job on ap cal allocation the valuation isn't overly depending. given the trends and unknowns, we're not chasing it up here. >> let's move on to moderna which is falling on mixed results for its flu vaccine. meg has the story. >> the question for moderna is can it take its incredible mrna technology and apply it to things beyond the covid vaccine. they're trying with seasonal flu. late stage data looking at the immune response and safety of their seasonal flu vaccine candidate. essentially they found it met the goals on the more common flu, inflen sa a, but not for b. they're tweaking it to update

it it does look like a mixed result there. tolerablity is very important as well, what it feels like to take the shot there investors are focusing on the fact that there were more side effects, own though they were low grade with the moderna vaccine compared with the more standard seasonal flu shot moderna did say they have an efficacy study reading out by the end of the first quarter ahead of expectations. when i spoke to moderna's president, dr. stephen hogue said that will matter going forward. the stock down 4% on the sort of mixed results. >> mixed results more results to come it would appear heather, what's your thought about moderna? >> we really like to look at everything with a valuation lens at $64 billion of their enterprise value, they'll generate about $7 billion in revenue depending on your estimates. that's nine times sales. at this valuation, despite the potential long-term benefits of the pine line programs, we're not a buyer. >> too expensive

>> too expensive, yeah there's so much success that has to go right to justify these prices. >> heather, thank you for your time we'll have you back. thanks solar stocks down over the past month, even as we've seen a lot of risk gone what's causing the slowdown? as we head to break, february is black heritage, celebrating through stories of our cnbc teammates here is leading women divine founder. >> growing up in the segregated south emphasized to me at a young age the importance of being an african american woman. i've always been proud of my heritage, proud of my history, proud of all we've accomplished. one of my greatest desires in life was to be successful and to be able to give back to my community.

i'm very proud of being able to do that. i hope it has had an impact on the rest of the world.

>> now may be the most opportunity time in the last decade for strategic tech deals given the quality of companies and the amount of money they have on their balance sheets what we're seeing is companies are looking at transactions to transform their businesses. >> when it comes to transforming, there's m&a. what about the flip side >> ey conducted a survey where we found a third of companies are actively pursuing divest tours. company are focused on running their core business better and more profitably. >> steven, how did your spin-out from ibm really create value for kindrell. >> that meant we could transform from being a product centric services company to a people centric services company this allows us through the independence that you gain to form the right alliances and partnerships to deliver technology solutions to clients

and helping them get a faster time to value. >> steven and ken, thank you so much for joining us. >> thank you welcome back to "power

lunch. cautious comments from solar executives the stocks under pressure, too, pippa. >> dropping over the last month on signs there could be a growth slowdown ahead first we hard from enphase ceo who said he expected the market to be lower in key one compared to q4. he's not optimistic about u.s. market growth and expects it to be flat this year. solar is coming off a record 2022 and we're only six weeks into the year. mckenzie forecast rooftop installations to be as much as 10% lower this year. higher rates and california's new policy among the factors weighing both enphase and solaredge are doubling down on plans to build manufacturing facilities they say things are still looking good in europe this industry has hinged on this dramatic growth profile. so signs that could be cracking.

>> how reactive are these companies to the price of oil or the price of natural gas in other words, i would guess that people would be inclined to do these installations when natural gas prices are very high >> that's right. lech tris prices are still up, nat gas has come down as you talked about, we haven't seen that reflected in utility bills yet. who knows when and if we might that has been a key growth reason for solar, is people wanting to lower their monthly bills, but now with rising interest rates, that creates another higher cost because then their financing options are higher or more limited that counteracts -- >> what's that california rule you referred to? i don't want the whole thing >> it's very complicated, but at the most simplest it's nem 3.0 this changes the amount you're credited back to the grid. it's going to increase the

payback for the solar system while it may take five years for the system to pay for itself, now it could take ten years. other states look to california as an example. it could have more 3.0-type policies emerge. >> pippa, thanks have a great weekend. netflix's sports fix showing success with recent sports documenri ll it eventually need to bet on live televised sports we'll be right back to discuss that and more. ♪ imagine something of your very own. ♪ ♪ something you can have and hold. ♪ ♪ i'd build a road in gold just to have some dreaming, ♪ ♪ dreaming is free. ♪ accenture, let there be change.

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welcome back to "power lunch. while streaming services are battling for live sports, netflix choosing to embrace sports documentaries this week it debuted a new series called "full swing" following men's pro golf which follows one on tennis and formula one auto racing. digital video is set now to surpass traditional television for the first time ever this year according to a new forecast out this week from insider intelligence, daily tv time is expected to drop to under three hours or 175 minutes, and

digital video time, devices, will climb to just over three hours or 191 minutes here to discuss the changing media landscape, sean mcnulty, contributor at the anning her and todd spangler, new york digital editor at "variety." let's start with netflix and whether it needs or is equipped to get into the live sports broadcasting market which depends so heavily on advertising, which is not something netflix natively knows that much about. >> yeah. they just started. microsoft is their partner so the bigger issue with netflix, they said this, they prefer to own, not to rent with sports, you are renting you don't own the rights you have them for a few years. as we've all seen, in a few years those rents can shift. that doesn't fit their business model. number two, they prefer global they don't buy things in certain territories with few exceptions. those two things don't make sports very attractive

obviously time zones the super bowl plays here at a certain time they're a global company of 231 million subscribers. the math is harder to make as you said, advertising, you have to make some of that money back amazon is paying a billion dollars. we don't know how much they're making in advertising. netflix, this is a new business for them there's not much going for them -- >> sometimes i think these things are loss leaders as in the case of amazon, for example. and, oh, by the way, there simply aren't, sean, that many truly global sports, are there apart from football, soccer, formula one i suppose you could call a global sport, tennis, but it's a niche play. >> yeah, tennis and golf those sports make their money by selling off region by region, especially f1. to sell to a global partner would be a huge check that even ipl writes, the cricket rights

in india, that was just for india and southeast asia that wasn't global for some people it's hard to make the math work and hard for the leagues to work to have that global partner. few people have the scale globally that can even do it which would be netflix, amazon and maybe apple. >> do you think, todd, they're going to get dragged into this at some point? >> do i think netflix is going to be dragged into it? >> yeah. >> yes never say never. netflix has been very careful to couch their comments when they've been asked about sports wrights, they've said we're not anti sports, we're pro profit. what they're saying is right now, based on their subscriber levels, based on their content spending, they can't punch an nfl-size hole in their content budget now, as you guys mentioned earlier, increasingly people are watching everything on tv over

streaming. as that continues to progress, netflix needs to at least consider bringing live sports onto the service they're doing a live special or they've done that, so they're not averse just need the numbers to make sense and right now spending a lot of money on sports sports rights as has been mentioned, there is the time zone aspect, netflix is a global service and they look to monetize their content globally. and they get unexpected hits like "squid game." which is a south korea drama it came out of nowhere to become a massive worldwide hit. you can't do that with a live sports. >> let's talk a little bit, todd, if we might to follow through on the thought of streaming and what it could mean for sports because there are so many

streamers out there, whether it is amazon, apple, potentially netflix, peacock, paramount plus, all of whom will have some bite of some sports somewhere. so, the viewer who is accustomed to getting things through a cable bundle am i going to have to, am i not, subscribe to multiple streaming services in order to get all of the sports i want so that begs the question, at some point there is going to be a rebundling of the streamers for the sports fan like me, for the home improvement fan like my wife, or whatever. talk me through it. >> we are seeing, amazon, you know, wants to become this next generation cable tv provider they're selling all of their channels basically as part of the prime service. so, yeah, they want to be that next generation aggregator of

content. comcast with their streaming play is making this a similar bet in a way but, yeah, i mean, looking they're seeing the bundle and that is been a blessing and a curse for consumers because, look, you get all or most of what you want on one bill. but if you happen to not want, you know, your local regional sports network, you're paying for that any way, depending on what type of tier. so you're seeing the sports rights getting parcelled out to amazon, to youtube, to apple, and what that means is, you're going to have to cobble together different services so, yeah, if the consumer is going to be stuck with this situation where if you want a particular sport, and it is not in your particular package, you'll have to maybe go --

>> go buy it separately. >> right. >> yeah. >> kelly, do you know everything that you subscribe to? >> we're a little careful. >> you're careful? >> but trying to unsubscribe with disney plus was almost as hard as trying to cancel cable i had to remember my log-in. i have to go from my computer to the tv to then use my phone. there is churn, but it was difficult. and we go through seasons life where we care more and then we care less about keeping on top of all of these subscriptions. and i'm sure that is like most people >> yeah, 100%. and mlb has five different digital deals. this came up last year with the yankee's home run, this game is on, yes, this is on apple tv and as yankee fans were even the mayor or the attorney general is like what is going on here so the fans are losing and tyler

you mentioned regional sports networks, this is the big story for 2023 because diamond sports group owned by sinclair is essentially signaled they're going bankrupt or restructure and all of the deals will be negated. that is 19 different sports networks and that model is down the toilet with cord cutting so as a fan you'll have a hard time finding your team and the winner in sports could offer that product to you that is one-stop shopping. if you're a yankee fan, here you go the clippers do this, in l.a., it is clipper-vision it is most of the games of the year, one streaming service in l.a., one price and there you go and they give you five or different six feeds of the game. this is a future of sports we're going to have a tough time before we make it there. >> i'm going to make it my project this weekend to all i subscribe to and pay $4.99 and

$9.99 and espn plus. >> and if you cancel, tell me how easy that process is. >> we appreciate your time today, thank you. and coming uhep re on "power lunch", more "power lunch" is next i think i'm ready for this. heck ya! with e*trade you're ready for anything. marriage. kids. college. kids moving back in after college. ♪ finally we can eat. ♪ you know you make me wanna...♪ and then we looked around and said, wait a minute, this isn't even our stroller! (laughing) you live with your parents, but you own a house in the metaverse? mhm. cool...i don't get it. here's to getting financially ready for anything! and here's to being single and ready to mingle. who's ready to cha-cha?! ♪ yeah, yeah ♪ go. go green. go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science.

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reducing railway accidents and downtime saving lives and money. billions of dollars are expected to be invested in rail safety in the coming years. rail vision has the solution today. learn more at rvsvinfo.com. rail vision is at the forefront welcome back, everybody. it is time of year for the employee reviews and according

to the "wall street journal," thousands of workers at facebook parent meta got sub-par ratings. it could signal more job cuts on the way. and a bonus metric getting cut about 11,000 workers were already laid off joining a host of other tech giants to lay people off including amazon, alphabet, and microsoft and more and it sounds, tyler, like at meta, for instance, they didn't have a great way for the layoffs so maybe this is an effort to professionalize it. >> and this is documenting performance and this is part of it and apparently their done with their annual review process and it is the second week of february we won't be done here until -- >> six months. >> because nobody likes to do them or receive them i read somewhere that this is kind of a return to the way mark zuckerberg used to manage. he was known to be a hard task master he told people sometimes what they didn't want to hear as a motivational tool and in this case potentially as a way to

document. >> stressful it must be unnerving nobody likes these to begin with and this has an added significance not fun. >> nobody likes to do them i forget what ours are called. >> it is a fancy name. amazon, the latest company now ordering workers to return to the office. the majority of the time cnbc technology reporter annie palmer is saying that the tech giant is telling employees to work in the office at least three days a week. this starts in may 1 when the weather is nice. this is a reversal to the previous policy letting managers decide and they say this will create opportunities for workers to brainstorm ideas and to innovate shares down over 37% for the past year. this is what more and more companies are doing. asking people to come back big fights people just don't want to do it.

a little bit of freedom, they've tasted it and now they don't want to come back. >> you see the traffic and you see the headquarters and people got the glimpse. if you're doing your job for three years, you're kind of like, have i made my point. >> and if technology companies as capable as amazon are mandating it. >> it has to be happening everywhere else. >> hey, everybody, have a great long weekend we'll see you tuesday. thanks for watching power line. >> "closing bell" starts right now. stocks are well off the lows of the session in fact, we're at the highs of the day as investors tried to figure out what are the goalposts are moving on the fed rate hike strategy the nasdaq seeing the sharpest decline into the close this is the make or break hour for your money welcome to "closing bell." i'm sara eisen take a look at where we stand in the market nasdaq is down .6% and the dow is positive and it is up now. as i mentioned at the highs, up 138. it is been most of the day lower. and the s&p unde