brought to you by adt. welcome to "power lunch. good afternoon good happy friday. i'm tyler mathisen alongside kelly evans. stocks sliding as another inflation reading comes in hotter than expected and this is the fed's favorite inflation gauge. how much more does the fed have to do to bring inflation down to the level it wants how much will stocks be hurt in the process? plus, natural gas prices plummeting an overly. >> problem the ceo of the biggest gas producer. first a check on the markets and we are off session lows. dow down 510, down 365 still looking at the red into the year the nasdaq down about 2% right now and that makes it the worst

performer. software names getting hit hard, as we see rates back up, 10-year nearing 4%. consumer discretionary one of the worst performing sectors today. tesla, amazon, chipotle, etsy, some of the names in that group. they are falling today lots of red tiles on the board right now. our next two guests weighing in on the latest hot inflation report that has wall street selling today in a new op-ed ron insana says an increasing number of splinters in the committee that makes describing the overall economy almost impossible michael carfield says dividends are the place to be, and he has good reasons to say so let's bring in ron, senior analyst, and commentator and co-ceo of contrast capital, michael carfield portfolio manager with clearbridge investments. ron, one of the things that interests me and i was persuaded in your op-ed, you point out

residential real estate is collapsing ooshgs sales down, manufacturing activity is contracting. how do we avoid recession or do we >> i don't know. i refer it as a try fur cated economy. three groupings of activity in the economy. things in recession, we have some businesses booming like travel and tourism, hotels, restaurants are doing very well. you've got inflation in some sectors, disinflation in others. strong jobs overall, but certain sectors laying off people by the tens of thousands. i think the current environment defies an econ 101 moniker, whether it's recovery, recession, stagflation, you name it none of those words and phrases apply to the current situation. >> michael, how about you? we point out those sectors that are either in or seem to be softening heading towards recession. we know that the yield curve is inverted we suspect that federal reserve is going to raise interest rates

once, maybe two or three more times. do we avoid recession and what are the safe havens for investors if, perhaps, we don't? >> yeah. i think this economic cyclical has defied most forecasters. it's unlike anything we've seen before i think rather than try to fully predict what's going to happen and try to figure out an investment strategy, where you will be successful undered a range of scenarios, that's where we think the attractiveness comes in if inflation is persistent and interest rates are higher for longer, high quality dividend payers will be a place to be because it's likely to be a choppy market environment and dividends usually provide downside protection and from an inflationary perspective, growth could offset the ravage of inflation and protect your purchasing power on the flip side if we're lucky inflation is near peaking and

the fed in a position to cut interest rates in nine to 12 months, isn't our base case, but it is a possibility, we would expect a pretty strong market recovery and dividend growers to participate nicely. >> that's the argument for not just owning, for instance, ron, six month treasury bills, maybe you have more market upside if you like that along with the yield. a lot of people go i'll take 5.1%. >> all day. >> yeah. >> one year. >> and that's the thing. so they go okay, you get that for now, in six months the implication is, yields are lower and this is a sweet deal while it lasts. >> i'm throwing most of my thesis out the window. we thought there would be a broad-based recession and see the fed pause or pivot none of that is happening right now. you break down today's inflation numbers, 9.6% of the increase in the pce was energy which has come back down natural gas, crude oil prices have fallen, gasoline prices have fallen, commodity prices are falling and it's not translating.

housing is coming down in price, not showing up in some of these indicators. >> i'm going to say something crazy. >> okay. >>, but it's not that crazy to argue, well maybe it is a little crazy -- >> conversations i have at home - >> i'm going to say something real crazy. >> just maybe they don't need to tighten in response to these lagging inflation reports. i mean, to the business cycle may be intact and a slow down coming and i don't know if we really need to freak out over the january data when we know where we're going. >> one policy tool does not fit every problem that we have right now. the labor market is tight irrespective of interest rates it has everything to do with demographics we're not overheating with a 2% economy. capacity utilization at 78%. you don't overheat the manufacturing sectors until you cross 85. >> factoring in recession for a year. >> i wish someone would have some enlightened commentary about other policy tools we might use to address some of the

issues in the economy that don't just fall in the fed's lap. >> michael, turn back to that thesis of yours, which is that dividend growers are a good place to be. you have a couple names, williams company, avalon bay and apollo, three in very different parts of the economy, but all three with the common factor of growing dividends. >> yeah. so i think you have talked about natural gas and we've all see gas prices have come in dramatically in the last couple months because it's been such a warm winter and that's a problem for the gas producers, but not the case pipeline companies. the biggest change that we've seen in what makes this constructive on natural gas infrastructure, longer term, the war in ukraine, right. europe, which is an economy as large as the united states, previously relied on russia for its source of natural gas, it's not going to do that in the future and u.s. will be the biggest beneficiary there. williams you own a company with 6% current dividend, terrific

current yield, attractive growth, strong balance sheet and what we think is a very attractive long-term outlook driven by this european pivot towards u.s. natural gas and also embrace by policymakers that natural gas actually plays a key role in the energy transition so we think there's a long growing runway for natural gas for decade s to come. >> give me a phrase on apollo. >> apollo is a great company run by smart people trading cheaply. the stock yields about 2.5%. lower current yield, trades 11 times earnings low multiple 20% growth this year as far as the eye can see. we think you'll get multiple expansion, but you don't need it with that earnings growth. we expect very attractive capital appreciation over the long term. >> thanks very much. have a good weekend. ron, always good to see you on a friday when you're here it's friday. >> we know that. >> because that's when they ask me to come in?

>> good to see you. >> let's dig deeper into the inflation report that's moving the market today cnbc.com retail reporter melissa repko joins us now what did this piece tell us about the consumer >> hey, kelly. inflation came in hotter than expected today, and it signaled that consumers are still facing sticker shock. food prices continue to be one of the most inflated categories with prices up 11% year over year in january. it's worth noting the pakistan metric adjusts for consumer changes swapping out expensive brands for cheaper ones. many shoppers are doing that from walmart's cfo who said customers are buying more cheaper private label items and lower priced protein like peanut butter or hot dogs rising prices one of the top risk factors for retailers reporting including target, macy's and best buy. those companies sell more discretionary items like clothing, home goods and electronics. >> we're also going to have more retail reports next week

we got some this week. they were decidedly i guess you would say mixed or walmart certainly and home depot next week several more what should we look for? >> so next week retailers will be on tap that have a wider mix of merchandise and those are ones that may be more vulnerable to this consumer shift consumers have become more thoughtful about their spending and they are looking for ways to save that's made companies more cautious we heard that this past week with the full year outlook the etf is set for the worst week in eight months home depot's cfo said the company has seen, quote, an increasing degree of price sensitive as demand for home improvement continues. tgx said more shoppers are returning to stores for value as household costs continue to rise and walmart's cfo said a bigger chunk of sales is coming from groceries as they buy less general merchandise. a pick-up in des krigs nearry in

january. shoppers willing to buy bigger ticket items on sale after the holidays coming up natural gas prices down 75% in the past six months. companies are starting to hold back on production we'll ask the ceo of the biggest u.s. producer how they can make money at this price. oil $76 a barrel, down almost 20% from a year ago when russia invaded ukraine. coming up we'll talk to former ohio senator rob portman as the war drags on, are sanctions against russia having any impact "power lunch" will be right back ♪ ♪ luxury exemplified. innovation electrified. with apple music seamlessly integrated. the all-new, all-electric eqs suv

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welcome back energy stocks falling today along with just about everything else let's bring in pippa stevens with more. >> that's right. energy stocks are under pressure this month despite oil and gas companies posting record annual profits and doing much out to shareholders wall street unimpressed by production plans and higher capital spending amid cost inflation. lower commodity prices having an impact but executives saying oil could be heading higher, including ceo rick muncri who told cnbc they haven't seen demand let up, and he thinks prices will strengthen over the course of the year mean time pioneer natural resources saying yesterday he is very optimistic oil will move back into the 90s

to $100 range some time this summer but commentary around nat gas more muted companies have talked about cutting output and devin thinks prices will be soft throughout this year. we've seen a decline over the last six months for nat gas in august, u.s. prices topped $10, fast forward to this week and they dropped below 2 guys >> exactly thank you. for more on that decline and the impact on production, let's bring in tobey rice, president and ceo of eqt corp, with operations across pennsylvania, west virginia and ohio great to see you again welcome. >> thanks. >> whiplash. why do prices go below 2 what's going on? >> it's simple simply put, weather did not show up this year that had an impact of destroying about almost 500 bcf of demand and that works out to be around 12 bcf a day of demand was lost,

10 from weather and the other from freeport being off line the good news is, we think that there will be balance towards the second half of this year a couple things to look at activity response from operators. this low prices you will see activity levels moderate we've seen about ten rigs come off and continue to see operators reduce activity levels to match the current commodity prices but, you know, the short-term signals being what they are, the long-term signals for natural gas are bullish and we're excited about the future that natural gas will play in our energy of the future. >> let's talk about europe, they benefitted from a less severe winter, i suppose, that often is the case, as we have but europe did an amazing job compensating for the lack of russian natural gas. do you think they can repeat,

pull that rabbit out of the hat year after queer after year going forward? >> what a miracle it was for europe to be able to stock up before this winter why was that able to happen? because of american natural gas. we supplied over 50% of the natural gas that went into their stockpiles unfortunately, the other 50% came from russia and that supply is no longer there. while europe has been able to sneak through this winter, we need to be thinking about how are we going to help europe get through the next winter. >> what's the answer to that that's kind of where i'm driving, is it norway? is it qatar? is it us where does it come from to power their power? >> the united states is going to continue to play a leading role in providing energy security to europe we need to be thinking about what else we can do to fast-track the infrastructure that it takes to get our energy volumes up so that we can provide the energy security that europe needs

one of the things i think that's an important lesson learned in '22 is that energy security matters and without energy security, you cannot transition. europe is a great example of what happens when you don't have energy security. you go backwards on your energy transition plans so the key to energy security is american natural gas and we need more help to get more permanent reforms to get the pipelines built, the energy facilities built to provide security not only to europe but to americans. >> this might weed out the weaker players and you have held up relatively well amid the price plunge, off the 52-week highs. what's the effect across the smaller producers from the big to the small, all up and down the food chain right now >> well, i think you're seeing a sobering effect with the lower prices activity levels are getting pretty frisky. i have seen things for gas prospects.

i haven't seen that in ten years. that goes away when gas prices go below $3. now one of the things that's important about eqt we've made significant progress reducing our cost structures so that we are going to be able to generate free cash flow in any commodity price environment. this year specifically, we'll be able to generate free cash flow, profitable down to a price of $1.65. that is not the case for others in the industry and you'll see activity levels come down as a result. >> let me take you back to that tantalizing comment you made earlier which was, that you need energy security to make progress toward a less carbon intensive future am i correct in assuming what you mean is we back slide and we try and make up for shortfalls by going back to coal or other dirtier fossil fuels >> yes europe is an example of going back to coal, but let's look at what's going on here in the united states. this past winter, in new

england, because of an inability to have sufficient pipeline infrastructure to deliver gas to new england, new england had over 30% of their electricity was generated not from coal, but from oil so it's not just what's going on in europe. we also have a tremendous need for more infrastructure and more natural gas development here in the united states and the good news is we've got the resource we sit on a lot of reserves near ap lay shah equivalent to russia we need to get the pipelines connected to the markets that desperately need it. >> the final sort of outcome of this all being, tobey, as inflation watchers are looking at this too, could we see prices go back up as we knock out the weak players, will we see this back and forth effect taking nat gas prices up sharply higher or more to the point that futures markets are saying we could be below $5 for some time >> well, kelly, i think that in a completely normalized market

where natural gas can flow to where it's needed we think we can put natural gas on the doorstep of europe for a cost of $12 and would imply a $4 gas price here in the united states. we have the resource to provide over four times the amount we currently produce and that's a pretty sustainable price where operators here in the united states can make moderate returns and we would be excited about that unfortunately, we live in a world are natural gas is not able to go from supply and demand, those market inefficiencies come in the form of pipeline infrastructure blockages and permian delays and unfortunately, as long as those situations exist, we are going to continue to see high volatility and extreme price swings in areas that need natural gas that don't have the infrastructure to get it. >> tobey, thanks very much we'll have you back soon. >> yeah. >> thanks, everybody. >> thank you very much still to come, more on today's market moves the dow down 330 points. off the lows of 510.

it has been a turbulent week. paying rent and building credit we'll take a look at one start-up looking to help raise lower income americans' credit scores that's today's working lunch we'll be right back.

welcome back stocks and treasuries reacting sharply to that inflation number rick has reaction in chicago where we're watching the 10-year near 4%, rick. >> yes 10-year near 4% and the 2-year note near 22.5 high yield close. let's start at the beginning here's a one week chart and at the current level around 4.81 they are up on 11 on the day up nearly 20 basis points on the week and as you see on that chart, we kept stopping around 4.7% that was the high close for this cycle last fall. after knocking on the door many times, it zoomed through like a hot knife through butter on the data this morning and clearly the 2-year has changed the dynamics of the spread to some extent 2s to 10s becoming less invert

the because the 10s were being aggressive and they switched pushing the yield curve back into negative territory and if you look at the 2-year on pace to close as i said the highest yield closes july of 2007 and finally what did all that do to our currency it gave it a turbo charge. here's the dollar for oneweek. it's currently up nearly 1.5% since last friday's close. tyler, back to you. thank you very much. have great weekend let's go to bob for more on today's market moves softening off the lows a little bit, bob. >> yeah. tyler, we've made a couple attempts to rally but they're not convincing and the problem is the inflation news is just going against the bulls. if you look at the movers today, not a lot of stuff in the green. jpmorgan one of the only stocks that has been positive for most of the day, but the rise in interest rates and the rise in the dollar in the last couple weeks has put tremendous pressure on the growther parts of the market and on emerging

markets. apple, microsoft and particularly intel all have been drags on the dow, including today. if you look at the big decliners this week, even some consumer discretionary names have had a tough time ford and general motors had a terrible week, down 9% intel on the dividend cut has been terrible this week near new low for the month, netflix down, tesla had a roaring start to january and february, but tesla has been looking topee in the last week and a half s&p 500, take your choice. what time period do you want to look at. we're closing out the month at the lows down 3% for the month of february and yet we're up 3% for the year what time period do you want well depends on what you want to look for here. i think the important thing here, and i put up the 2-year deal, rick mention the it, i can't tell you how much i hear from stock people who are saying, clients are very

interested in these 2-year yields as they start to approach 5% on a technical level. stocks are now losing money to bonds. bonds are serious competition for money for investors when you get a 5% yield or close to it. that is the major story we've been seeing in the last couple weeks. back to you. >> bob, thank you very much. bob pisani. so seema moody for a news update. >> good afternoon. here's the update. there are nine air pollutants at levels that could cause long-term health problems in the air in and around east palestine, ohio, where a train carrying dangerous chemicals derailed "the washington post" reporting the findings by texas a&m researchers based on epa data that appears to contradict federal and state reassurances that the air is safe even as residents complain about rashes and breathing problems. 12 states led by democrats are filing suit against the federal government challenging special restrictions on

miferpristone. the move as a texas judge appointed by donald trump considers a separate suit by an anti-abortion group that seeks to immediately stop sales of the drug the argument that it was wrongfully approved by the fda 23 years ago and for everyone keeping score, selena gomez the most followed woman on instagram. she had given that up to kylie jenner when she took a break from social media but her reign may not last long. gomez says she's taking another social media break both women have around 380 mil million followers. kelly, similar to you. >> i have 6200 how will we get that count up. >> keep posting and build content. >> i don't know. he got on instagram and twitter, you overnight, i'm telling you. >> that's for sure. >> all right thanks, seema. ahead on "power lunch," the war in ukraine one year later. the u.s. spending a staggering

amount on aid and weaponry and there is still more to come. we will speak with former ohio senator rob portman about that and more when we return.

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welcome back one year ago today yap president vladimir putin ordering an invasion of ukraine with tens of thousands dead and tens of billions in aid the work is not yet done kayla tausche has more. >> the biden administration just today unveiled a new $2 billion aid package including advanced weaponry and training for ukrainian soldiers to use it, bringing the military aid to $32 billion. the u.s. has sent $24 billion in direct budgetary assistance and about $2 billion for humanitarian purposes. a total of $56 billion roughly half of what congress has green lit for ukraine in all. that's resulted in big contracts for lockheed martin, raytheon, bae and ammunition maker ollen some companies are looking forward reconstruction a delegation from jpmorgan chase

which restructured ukraine's sovereign debt last year, visited president zelenskyy in his bunker in kyiv to discuss access to capital and long-term growth blackrock's larry fink consulted with zelenskyy in september and signed a deal to enlist more investors. the world bank estimates the country's rebuild once the war is over, will total $349 billion. >> thank you very much let's break down the impact that sanctions are having on russia with us is former ohio senator robert portman welcome. good to have you with us and welcome to the post senate career how is it going? liking it? >> thanks. i'm glad to be out, but i want to stay engaged on issues like ukraine because they're so important. i'm glad you're taking time to talk about that. >> one of your many areas of expertise is trade you're a former trade representative we want to talk about trade with

russia and china about us let's start with ukraine. are the sanctions really hurting russia in. >> yes, and no there's no question they're hurting russia in certain sectors including not allowing russia to proceed with some of the advanced manufacturing they would like to do, not having access to semiconductors and other materials that would go into manufacturing, and then there are, obviously, other sanctions that have been applied to the financially having some impact, but it's not being affected as much because that would put pressure on president putin to pull out of ukraine and stop this insane invasion which makes no sense logically. and then second, of course, they're continuing to gain revenue from their exports of oil and gas, particularly to countries like china and india, and that makes it difficult to price things so high because you talked about today, that price continues to be historically high, so that's been helpful to russia so look, it's good to have the

sanctions in place tighten them as much as we can that's one of the two ways in which you get russians to the bargaining table the other is to have more victories on the battlefield which we'll talk about it's difficult to do that when countries buy their oil and gas and those prices increasing. >> i take it so sanctions alone are not going to force putin to do what we want putin to do. and as you say, success on the battlefield is a critical component of that. how would you grade the efforts of the western countries, the united states, the uk and nato and others, in getting battlefield equipment into the hands of the ukrainians at speed in sufficient quantities to actually make a difference are we doing well or not from where you sit? >> we need to be on an a-game right now and we're about a b, b-plus look, i admire the fact that western coalition has come together and by the way it's not

just the nato countries, it includes japan, it australia and others, and i admire the fact that we've been able to have amazing cohesion between ourselves not just as to the military side but as to the political support for ukraine, but we're not doing it fast enough and we're not giving them enough stuff to turn the tide. we have a window of opportunity right now and the russians could take advantage to regain advantage. in bakhmut they're making progress we have an opportunity to turn the tide and regain the momentum we saw from kherson and, you know, where the ukrainians took back territory russia had taken. there's an opportunity there the kharkiv area same thing happened. we need to get back to that spring offensive that will require the longer range missiles the ukrainians have been asking for because russia has pushed back its equipment depots, and its arms

depots, logistics to beyond the range of the ukrainian missiles and the russians have long range missiles and the ukrainians don't. we need the long range missiles and i hope we see something along the lines in a few weeks they need airlines, f-16s, generation fighters is important. they've been asking for them for a long time. when i was there as co-chair of the green caucus it was interesting to meet with the pilots that came in and said they have the capability to be trained immediately. that's important finally we need to get these tanks moving more quickly. the abrams tank has been promised, 41, but probably not delivered until the end of the year which is too late so significant tanks from europe need to get in quickly and those larger and very effective abrams tanks made in the state of ohio. need to get there too. if they can have that equipment, i think you could see a real change and begin to see this window of opportunity be in the favor of the ukrainians.

>> senator, echos some of what fred kempe told us last hour, a drawn out struggle favors the russians and that he would prefer to seat u.s. try to help -- to see the u.s. help the ukrainians in the window of time you refersed what does defeat look like from russia how should we expect putin to act if he senses that he's not going to come out of this victorious >> well, it's very difficult to predict what he will do. no one thought it made sense for him to go in the first place he made a mistake and underestimated the ukrainians and their fighting ability and how those countries supporting ukraine including the nato countries would react. it's hard to know. i do think that the only thing that will persuade him is victory on the battlefield in conjunction with a weakening economy in russia because of the sanctions in place on a pariah country which russia is becoming around the world this is something that i think, you know, we have to squarely

face, that he's not going to back away or come to the bargaining table unless he feels the pressure and i think, you know, everything we've learned in the last year, would strongly indicate that has to be victory on the battlefield and tightening of the sanctions. >> let me turn to something that is of great concern to american business probably more concern than what's going on in ukraine. and that is china. china making noises potentially of sending arms to help russia china at best, an unreliable trading partner it would seem to the united states. making a bellicose statements with respect to taiwan can china be a reliable business and trading partner for the united states if it does some of the things it seems to be threatening to do under xi jinping? >> well, it's great question because the chinese economy, obviously, is far larger than the russian economy and has a bigger impact on the global

economy, trades with the united states so we have a stronger interest there as compared to russia, not a big trading partner with the united states a lot of american jobs are tied up in that they finance a lot of our debt we are now facing larger debts and deficits so i think that it's a very fair question. i think three things number one, china has a choice to make on this ukraine situation. and if they did make a decision to move ahead with openly arming russia to help in this, that would be a huge mistake and i think we would have to see sanctions and we would have to see a big impact on their economy and our economy as a result i hope they make the opposite choice which would be to say what they have said for years, they believe in territorial integrity and believe one country should not be able to invade another country they've been critical of other countries doing that sometimes the united states, they've been -- you know, they alleged that with regard to iraq as an example. they should stand with their long-standing principle of no territorial integrity shall be

violated t they did that and were not going to provide the ukrainians weapons but say what russia is doing is wrong that would thaw the relationship between the united states immediately not just with the government but the american people. they have to play fair in terms of the trading rules and they haven't been and they know that. this is something that trump administration tried to enforce through tariffs. they were successful in some respects but other respects china continues to take ip, continue to play a different game in terms of subsidies and selling below their costs, called dumping they need to change that behavior finally the aggressive actions they are taking around the world as we saw with the balloon that was clearly used for espionage, floating across our skies, but you see that all over the world including in the indo-pacific area and further aggression towards taiwan they have a choice and if they make the wrong choice it will be difficult to see an expansion of trade certainly and i think likely a continued effort by american businesses to figure out ways to move their manufacturing out of china.

>> senator, it's great to see you. we didn't get to the tragedy in east palestine we'll save that for another time. >> yeah. >> a very important story and important story tore american business as well we'll have you back soon. >> those people need some transparency. >> yep thanks so much appreciate it. >> after the break, jon fortt brings us an interview with the ceo of a start-up working to help build the credit scores of lower income americans before the break, during february we're celebrating black heritage through the stories of some of the teammates contributors and leaders in business here's robert, compass founder and ceo. >> i know that i'm only here today because incredible black heeders paved the way creating opportunities for me and my generation i remember my early 20s on wall street, trailblazers like vernon jordan, bill lewis, ray maguire, they were an example to me of

what was possible they gave me advice, mentorship and confidence and motivation to pursue my dreams and found compass. i'm going to work as hard as i possibly can to be a positive example for others of what is possible

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higher prices are squeezing low and middle income consumers which is today's pce inflation gauge confirmed and jon fortt brings us up close with a start-up, founder, whose company is tracking that impact with real data and giving renters a tool that might help keep their heads above water. jon? >> that's the hope co-founder of a company that lets renters get a boost to their credit scores for paying on time. he told me the company works with landlords that have 3.5 million units across all 50 states and landlords give tenants an incentive to pay on time and tenants a way to build a credit history and lower their cost of borrowing. abby knows what it's like to struggle he grew up poor in nigeria and grade school discovered entrepreneurship when his sister

sent him an expensive gift, nintendo game boy advance. >> when of my friends that was wealthy said wow, this is fascinating. i can't find this in the market. would you be willing to sell it to me. i'm like wow this person really wants it i proposed literally two and a half times the pry, and he bought it. i took the cash, went to the market, bought two and a bunch of cartridges, multiple pokemon games and all the kids were buying from me i became the dealer. >> he was able to get the goods from markets in a dangerous part of town where his friends would never go that helped ease the burden on his mother paying 60% of her income to send him to a good school and that sensitized him to the struggle of low income families it's going to get worse in the current times according to the

data he sees >> household savings are down, debt skyrocketing from a micro standpoint this pain is going to be prolonged, especially companies letting people go. we're in for a very, very long will area of pain, especially low to medium income households we serve we see data very, very scary where debts during the pandemic was around 15%, now it has surged up to around 39%. that is concerning the healthy level is around 25 to 30% and it's going up to 39% and surging is incredibly concerning. >> so meanwhile they're sending us a flashing red warning sign that lines up with not only today's pce number but walmart and tjx reports, the mainstream consumers in a vice between inflation and high interest rates that look like they have to go higher. >> so his company attempts to help people raise their credit

scores, right, by including rent as one of the metrics that is used in tabulating that higher credit score he's concerned about high debt to equity ratios. >> yeah. >> if you raise credit scores and more people are able to take on on more debt, is that necessarily a good thing >> well, at the individual level, remember, if your credit score is higher then you don't have to pay as much interest on that debt so it's going to help you overall. also talking to intuit's ceo this morning intuit reported and credit karma is seeing that creditors are saying no to more subprime and near prime borrowers if you're prime, you got a much easier time accessing capital and so, boy, if you can get closer to prime when you're struggling that will help a lot. >> i'm surprised he's so bearish.

they're supposed to be getting wage gains >> esusu sells to landlords who want to have access to the best possible credit worthy tenant even if they're not doing really well on the income side so in a way the difficult times, he would argue, create more of a market for his product. >> jon, thanks coming up we will trade some of today's big movers in three stocluh ene tu aerk ncwh wrernft this luxury exemplified. innovation electrified. with apple music seamlessly integrated. the all-new, all-electric eqs suv from mercedes-benz. see your dealer for exceptional offers on mercedes-benz electric vehicles. i'm so glad we did this.

i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones this tiny payment thing- i'm so glad we did this. is a giant pain! hi ladies! alex from u.s. bank! can she help? how about a comprehensive point of sale system... that can track inventory, manage schedules- and customize orders? that's what u.s. bank business essentials is for. (oven explosion) what about a new oven, can u.s. bank help us there? we can serve loans in as fast as 12 minutes. that would be a big help! huge! jumbo! ginormous! woo! -woo! finding ways to make your business boom. that's what u.s. bank is for. we'll get there together.

time for our weekly etf tracker and look at short-term government bond etfs they had more than $4 billion worth of net inflows in the last week the reasons are pretty obvious, fears of higher interest rates as inflation stays hot, that is sending people hunting for yield. they're also getting yield in bonds. look at the six-month t bill it is actually yielding more than 5%. well, actually a little less than that, 4.917%. turning to some of the specific etfs in the space you can see that the gains are very small this week, which is kind of what you would expect from short-term bond funds very small there

but it's better than what investors have gotten out of their stock funds lately our data comes from our partners at track insight more information available on the ft wiltshire etf hub >> shares of beyond meat jumping. is it safe to bite on this stock not two other names coming up right after this >> announcer: catch the market zone today on "closing bell" sponsored by e trade from morgan stanley. 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 ♪

welcome back time for today's three stock lump and we have beyond meat surging on surprise sales beat for the quarter. a lawsuit is planned to block the figment deal and strong travel demand, and here's to help us is a cnbc contributor. delano, welcome. the stock is up 10% and 53% this year would you be a buyer >> yeah, i'm actually a holder of this stock. if you look at the life of the stock it's performed pretty badly over the last couple of months, i think to have a turnover strategy in place where they're focusing on obviously large grocer partnerships and on the retail side and for the restaurant side strengthening that ratio it's one where you will hold longer because it's something that is obviously new to the

market and new to the consumers and they're still seeing how that plays out as far as, you know, keeping that consumer demand in place that was really hot during the pandemic. so i'm holding the stock and waiting to see the strategy play out. >> let's move on to number two, delano, adobe. >> the growth has been slowing for the company, right if you look at the most recent -- obviously the most recent quarter but i think one thing is the thing that is the big thing in play, they paid two times premium for their most recent private valuation so people could argue they pay a lot and it's an act of looking for more growth which has been slowing so i'm staying away from it now and waiting to see if things get better. >> booking a buy >> i think booking is a buy. had a great quarter, strong. assets performed well so i like it. >> all right, there -- we did it, delano, we got it in thank you so much for your time

for today's three stock lunch. >> i don't think we've ever finished three drinks so quickly. >> i have. it didn't end well but this did, right? >> thank you all for joining us for "power lunch." thanks for watching. >> you'll see us monday. "closing bell" starts right now. thank you very much. welcome to "closing bell." i'm scott wapner it begins with stocks sliding and rates rising here is your score card with 60 minutes to go in regulation. as you know the dow is pacing for its worst week since september. another hot inflation read upsetting investors today. here's how we look, yields moving higher, 3.94 on the ten-year and that takes us to our talk of the tape a bigger retreat in the cards? let's ask cnbc contributor joe terranova, and he