million in cash flow >> wynn resorts. >> target. i'm going to continue to buy >> josh? >> jpmorgan, my favorite pick. >> i will see you 3:00 eastern time "the exchange" begins right now. ♪ ♪ thank you, scott hi, everybody. i'm kelly evans. ahead this hour, one of the few issues with bipartisan support in congress is heading for primetime tonight. 7:00 p.m. eastern, the first hearing from the house select committee on stra teenic competition between the u.s. and china. the key national security concerns and sticking with china, the reopening giving those stocks a boost and sparking global growth

hopes. but why there are concerns about europe plus, $400 billion in student loan debt is in the cross hairs of the supreme court, and the first step toward a decision on loan forgiveness are underway but first, today's market action dom chu with the numbers >> it's been range bound we've seen either side of that unchanged line and it's mixed in trading today. but we are tilting for the broader s&p 500. the dow, 32,800, down about 90 points we're hovering around that 4,000 mark for the s&p 500 this is right near session highs. up 13 so far at the highs. up about a quarter, down about a quarter percent at the height of the low. so that's the s&p. the nasdaq composite, up about 62 points. the outperformer, if you want to

call it that today with regard to the macro, kelly mentioned china reopening and the optimism that's driving some of the crude oil trade. wti prices currently $77.51. they're still below $80 but recovering from yesterday's losses, hovering around the 50-day average price so keep an eye on that we have already lost 19%, 20% of its value over the course of the last year. so if you are looking for the stock of the day, highs and lows, a tale of two different stocks dentsply sirona, the best performer in the s&p some aspects of the forecast also better than expected. norwegian cruise line, down about 12%, after a bigger than expected loss. revenues were in line or

slightly higher, but it's a mixed picture. norwegian said they've never seen some of the booking strength from the american consumer what does it mean for the consumer wanting to spend? >> dom, i'm glad you highlighted dentsply someone might remember the dental indicator was highlighted like ten years ago >> it's been that long ago i remember when you were doing the dental indicator back in the day. i still recall that, kelly >> it's worth paying attention i didn't even realize that, but up 10% thank you for highlights our next guest says the markets are acting like there's zero percent chance of a recession. my guests join me now. welcome to both of you

are you both bearish, or emily, was that you i was quoting >> that was me, kelly. it's unbelievable to watch the reemergence of these speculative leaders coming back into the forefront here, even amidst this big repricing in terms of fed policy expectations. another 50 basis points in fed tightening now inflation data, economic data, markets were upset about that last year when we had to reprice for more rate hikes. we think it's an important time to think about managing risks in this environment >> actually, charlie, i don't know if i should characterize you as bearish are you still constructive about equities >> we think the risk of a recession is very well understood we wouldn't say that risk is

nowhere to be seen there is a risk, the bet is the fed is going to do something stupid and throw us into a recession. if it wasn't for that, the economy would be strong. the american consumer is 70% of the economy and the american consumer is doing very good. so the economy is in pretty good shape, but we can't discount the possibility the fed doesn't do something stupid >> you know better than anybody, that's like saying everything is fine except for this plane falling on our head. you of all people know that the track record is they're probably going to overreact and do too much, and, yeah. >> that will be short term i'm not going to deny, that is a risk here, and some of the statements that the fed is making wouldn't lead you to having a lot of confidence but that will be short-term. i think we're talking about, will they start declining rates

in the middle of this year or the end of this year, the beginning of next year we're going to get to the other side inflation is coming down, kelly, it really is the last numbers we see were disappointing that inflation isn't coming down, but it is coming down. we're not going to get to the fed's target of 2%, but somewhere between 3% and 5%, which is way down from the 7.5% we were at last year >> you both have some overlapping stock picks, or areas of interest. emily, you think the industrials are the place to be, is that right? >> yeah. if you look at this trend of on shoring and reshoring being a massive secular trend that's in place as we contend with supply chain for china and this ongoing recognition of ceos in the u.s if you are going to sell something here, you're likely to make it here we look at the industrials sector, particularly the mid cap

space, how the market is being a big beneficiary of those trends. think about materials, construction, all the supply chains being brought back here in all of the sort of elements benefitting the u.s. mid cap >> we learned from the hotel ceos, hotels are a good play on the reshoring and infrastructure as well, because they've been seeing huge increase in blue collar work driving that mosaic is a pick of yours, charlie. apa is more of an energy play, but do you feel -- i mean, you have financials, as well goldman you really like here, too. so can you get sector happy or does it have to be really stock specific here? >> we think you should try to invest in the best companies at reasonable prices and that is what gold anman is today

goldman sachs at that valuation is very attractive my grandfather told me if you can buy a high quality book at one times, buy it, if it gets to two times, sell it >> very interesting. emily, last word i don't know if you are a little wary of the financials more broadly speaking >> it's not our favorite in this environment, given the calls of a recession that might unfold. we are suggesting that if you're looking to deploy capital in the market right now, looking for a higher quality company, ones with great balance sheets, limited needs, we also like the more defensive equities, last year's winners, as we do see this big shift in consumer behavior i agree, the consumer is holding up okay right now. we see that becoming more and more challenged this year.

utilities, infrastructure, that can benefit as consumers move away >> real quickly before we go, charlie. would that advice to sort of buy into one apply to any of the banks or only goldman right now? >> high quality names. you have to be careful about hidden losses, people that haven't reserved properly, and who can't return an above average return on equity that's the beauty of goldman at one times book, they're going to do mid teens return on equity, which should justify a much higher multiple >> thank you both. let's move along to earnings we're usually focused on the retailers, but we're also getting a ton of clean energy plays that have been hugely popular and volatile in recent years. we asked the traders, where are the buys and which ones should you avoid?

gina sanchez joins us now. she's got our trades and phil lebeau is here, as well he's got the story of the week welcome to you both. gina, charge point, $46 stock, trading below $20 today. up 20% this year it reports wednesday and you like it? >> i do. this is a stock that if you held it before the pandemic, you lost 77%. so the hype has been taken out of this stock, but it is the world's largest charging network, and ev -- the demand for ev charging is not going away the recent made in america ev charging infrastructure act definitely supports chargepoint. but all of these names are fraught with risk right now, because in the short term, they're losing money, and chargepoint is one of those. so you have to have kind of a stomach for risk in order to get to the longer term, where there

will be continued demand in this space. i just want to underscore that >> sure. this is a very similar story, almost deja vu-like. gina, they're lineup 20% this year why do you like it >> they are forecasting that they are going to hit -- break even this year they missed eight out of the last eight earnings. but the reality is, the actual green hydrogen -- this is a hydrogen fuel cell company, a pure play in the green space but their generation costs are going down, so their margins are improving. chargepoint, their margins are being squeezed so two very different companies. >> but the stocks are acting very much the same it's almost like it traces the hype and reality cycle we have been through, with kind of evs

or alternative fuel technology >> gina's right, these have great tail winds long-term but when do they pay off i mean, she points out that plug power is going to get to break even chargepoint is still losing money. there's no doubt that chargepoint is in the right area for the growth that's coming but how do you extrapolate where they are right now to where they're going to be in 2030? we know there are going to be more chargers, but do you have any confidence that you can say i think this company will make x, y, z by 2025, 2026? whatever it might be >> tesla signaling it's going to open up with some of its chargers to more cars, as well what would you say in response to that? >> the word here that matters is net worth. the reason that chargepoint, yes, they are absolutely losing money. but the inflationary pressures on the expense side will ease and they continue to grow their revenues, and net worth matters. this is the largest charging

network in the world so if you're going to bet on anyone, you're going to bet on the company with the largest network. >> gina, you're right that net worth matters. i will counter, though, most of the people i know who use -- if they're not charging at home, if they are using a charger, there is no brand loyalty here it is strictly -- do they have the right chargers in the right locations? i've used chargepoint when i've had an ev. and i have used other ones they have the largest network, but they don't have brand loyalty. i've never heard an ev owner saying i am looking for a chargepoint. they don't care. electricity is electricity >> i totally agree with that, but i want the last word here. location does matter if you have the largest network and belting the odds, chances are you're going to charge at a chargepoint, because they're everywhere >> fs alarm has been a very

differently behaved stock. we're talking about residential solar, the stock up almost 70% it just hit a new all-time high last month gina, you like this combo of higher demand and falling solar prices >> yeah. this is a stock that because of demand growing, the inflation reduction act also helped. tax credits are driving further demand this is a company in backlog they're having to convert backlog into, you know sboshgs sales. so that revenue growth is there. it's known, and they're having to make investments into further incremental capacity to meet that demand. so there's going to be some drag in the short-term on the cash because of those investments, but the long-term, you can see the path for demand there. >> sure, and it's the unique kind of american story, as well. it's got a lot of tail wind. we'll pivot back after those to

your one bail today, the stock is down almost 90% why not take a chance here, gina >> the thing is, this is an $80 ticket item. so this is an item you really want to buy. there is no question that consumers are thinking twice about these big ticket purchases, going up against the ford f-150, and they're oddly targeting consumers that are new to ev ownership and new to truck ownership. that just seems like a really small market, and one that will be shrinking if spending $80,000 is something you have to think twice about. >> they have the suv also. >> i'm going to counter gina with this. >> this needs to be a recurring thing here >> amazon. amazon is an investor.

amazon has 100,000 of the electric delivery vans on order, which they are making right now. around i'll counter with this. i'm not saying that rivan is going to be off to the races today. this stock melangay languish ner term but longer term, they have a blue print and a game plan laid out. it's not like you're dealing with a ceo who people will say, is this guy legit? he's legit i think that they will eventually find the right market for their vehicles now, will it happen after they come up with the next generation of vehicles, the one that will be built in georgia? that may be the case it may be a tough market for the r1t. certainly at that price point. no arguing about that. but i don't look at these guys and say, no way. these guys are going to wash out. >> would there be a stock price, gina, or an earnings trajectory

that would make you change your mind >> look, i agree with bill on the ceo versus ceo no question. but yes, there's always a price like this where companies are attractive the problem with rivian, most ev dealers are bringing down their prices for a very real reason, which -- well, several, just to ensure that buyers are getting the appropriate tax credits. and so that demand is going to help and they are not now, whether or not they can weather that and it's going to be fine, i could be wrong. and i admit that but i will say that right now, the company is digging itself into a hole that it's going to dig itself out of. and do you really want to have to sort of start four feet into the ground >> all right great stuff, guys. i appreciate both of you joining us

coming up, rising tensions between the u.s. and china, front and center we'll look ahead to tonight's primetime house committee hearing and competition, and what it means for those betting big on chinese stocks. and not out of the recession woods yet. as we head to break, here is a look at markets, with the dow down about 100 points. the nasdaq up half a percent the small caps are leading the way, and the ten-year backing off the highs at 3.93% back after this. what if you were a global energy company? with operations in scotland, technologists in india, and customers all on different systems. you need to pull it together. so you call in ibm and red hat to create an open hybrid cloud platform.

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welcome back to "the exchange." the newly formed house committee on u.s. competition with the chinese communist party will hold its first hearing tonight at 7:00 eastern primetime. if you want a gauge on how wall street is feeling about the dens, look no further than the goldman sachs ceo. >> we're in a very, very tough place, bilateral relationship with the u.s. and china. my own view is it's probably going to get tougher over the next couple of years before it gets better. if somehow from our government,

from the legislative process, we'll adapt to them. but certainly our view is, it's a more cautious time in terms of our own investment >> amon evers is here with a look at this >> the flashpoints are piling up everywhere, from that spy balloon that the u.s. military shot down, to the new intelligence from the department of energy on a potential lab leak origin for covid in china, and new questions whether the chinese government will provide arms to russia and now this brand new congressional commitly will spotlight all of it, on what committee members will be a rare bipartisan show of unity in a divided congress three other committees are holding hearings, on everything from tiktok to science and technology but on primetime television tonight, the select commitly will focus on human rights,

national security and manufacturing. we'll hear from two former trump administration officials h.r. mcmaster, and former deputy national security adviser matthew pottinger. the committee has already faced its first controversy, as the top republican and democrat, criticized congressman lance gooden for questioning the loyalty of a chinese american congresswoman. >> stay with us. it's not just bluster, business does have to pay attention to these hearings derek, are you surprised to see this in primetime? what does that tell you? >> i think it says the select committee wants to emphasize public communication in conversations i've had with members, they've said that and they are backing it up

they want to talk to the american people about these issues they think this is maybe a little too much of a d.c. thing, not enough of an ordinary people thing to understand the problems in our relationship with china >> what would be the policies that could result from this, derek, especially as it relates to american business we talked about this in recent weeks, if the administration wants american companies to be careful doing business there, are they going to have to be more explicit about that is this what that in part is all about? >> i think there needs to be more explicit guidance you know, just look at the agenda for this hearing. national security, human rights and manufacturing, they're not going to get a lot of clear guidance when you're covering that many topics they have a lot of interest. we have a lot of hearings today on the hill. if the administration wants to be transparent and congress

wants to be transparent, they're going to need to focus more and say this is what we think about this issue and what we're going to do. right now, we're at the level of a china problem that doesn't help make businesses make decisions. >> this has been a lot of talk but actually a lot less actual action they've been up able to alter the previous administration's tariffs, dropped promises of an investigation in subsidisubsidi. those are all big lapses so companies might understandably feel like there's not a lot of teeth here. >> i think you heard it from the goldman sachs ceo in that clip from our interview this morning. he's talking about this possibility of an executive order on outbound investment into china, and what they're calling an authoritarian state that's something that is still on the table there are all sorts of timelines for that it does seem to be getting

kicked down the road a little bit. but the idea is, that this biden administration might at some point put in new rules on investment, in china, in certain technologies not just some of the traditional military technologies that we all think of but more broad categories of investment in china that have been fair game for venture capital, private equity, individual investors all of that land scape might be changing there's reporting from politico this week, suggesting that some areas might be off the table, maybe bioscience investments will still be allowed. it's clearly a work in progress. but those investment restrictions in china might be come thing year. >> so derek, we have -- i was outlining what the administration maybe hasn't quite delivered, and that's a democratic administration. we now have a republican-led congress how much is likely to get done >> well, we had a unified

congress, more would get done. but we have a republican led course and democratic senate, and that's one barrier so going across chambers, where they don't necessarily cooperate, is difficult. the congress took up a will last year, the house passed it, the senate didn't. but we see problems in the congress on that issue the biden administration, you know, has talked about this issue for almost two years and done nothing we're definitely -- we can talk about a lot of issues and will tonight, but it doesn't look like the bipartisan consensus extends to action. of course, looming in front of us is the start of the presidential election campaign >> though it doesn't sound like a climate where we are going to solve things if i were a company involved in these areas, the road forward looks clear. thank you both

still ahead, chipmakers can apply for the chips act funding starting today but those subsidies are coming with strings attached. first, we're all over the ai gold rush. the latest headlines and where wall street sees the best opportunities right now. as we head to break, here's a look at the dow. goldman is the worst performer today. chevron right behind it, down more than 1% dow is down 100 points ba aerhickft ts. lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business.

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edition of tech check. good morning, deadra >> the new electricity, the new oil, the list goes on and on ai is the new block hain ask anyone here in bay area, they will tell you this is the real deal, and it's being deployed with real results like the other less proven technologies, companies are racing to get on the bandwagon and investors, they have to sort through what is real and what is just talk or flex tape, if you will no shortage of ai headlines today. meta is a big one. mark zuckerberg saying that he's establishing a top level group dedicated to ai. in the short term, we'll focus on building creative and expressive tools on the long-term, we'll focus on developing ai personas that can help people in many different ways you can find a real story in the financial times today. meta's ai based advertising tool significantly boosting campaigns already.

they said -- o >> going back to those pre-apple privacy days is when life was a lot easier for advertisers the silicone valley joke is evan spiegel is facebook's best product developer. snap announced its own ai integration just a few hours before zuckerberg did yesterday. my ai is their own chat bot within its subscription service, plus adam spiegel here -- >> there's just one more thing i want to mention, zoom, stock is down 86% since its pandemic

high here is the cfo on "squawk box." >> we are absolutely making investments. one of the most recent acquisitions was solvy, which accelerated our development. >> and why not it detracts from the growth issue, and there's a potentially huge opportunity here. we talked about burnstein sizing the eye-popping revenue opportunity for nvidia >> okay, did you see what sam said about the snap announcement yesterday? they're basically saying, on snap, you can interact with ai i finally get it access to it. sam's point was, we should have

ai be commenting on everybody's social media post to tell us how wonderful we are and how brilliant our content is, and then wow, wouldn't that make us all feel great i can't decide if that idea is just nilistic or brilliant >> it depends. i did say one account -- they wrote some annoying things that people say on their instagram, and it was damning i guarantee you, you've seen them all before. but that's the point, once it starts rolling, and the ball has started rolling, it picks up seem i mean, the rate at which these ai chat bots are processing data is just incredible that's sort of the risk of it, too. a few weeks ago, we spoke to steve balmer, he said he's not scared at all. but can you imagine this in the hands of chinese developers?

are they going to have the same restrictions >> i would be amazed if they even go down that path at all. i know we have to let you go, but me, myself, and ai is a brilliant banner >> incredible. >> good to see you, diedra thank you. coming up, the latest inflation numbers sparking fears of a more aggressive fed does the soft landing camp still have a leg to std anon michael darda is up next to make the case ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi.

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yes, indeed-us. anaheim? big time. more guacamole? i'm on a roll-ay. how about you? i'm just visiting. u.s. bank. ranked #1 in customer satisfaction with retail banking in california by j.d. power. welcome back to "the exchange." i'm tyler mathisen here is your update at this hour as supporters of student debt forgiveness gathered outside the supreme court, conservative justices inside appeared to be skeptical about the legality of joe biden's plan to erase $400 billion of that debt many court observers think if the court finds the states

challenging the plan have legal standing to sue, then it is almost certain the majority of justices will block the biden move william rick singer, the college admissions consultant who confessed to helping dozens of wealthy parents cheat to get their children into elite colleges has begun his three-year prison sentence in florida. and joe biden announced he's nominating julie su as his next labor secretary. as deputy secretary, she played a key role in the negotiations between freight rail companies and their workers late last year kelly, back to you >> it feels like singer should have gotten at least four years in some kind of cosmic justice 3 1/2 is a little shy. >> maybe he can take some classes while there. >> tyler mathsen, see you next four as the fund market implies a year end rate of 5.25%, the

street is getter used to the idea of these rates. joining me now is michael darda, chief economist at fmk partners. welcome back >> thanks for having me. >> i was afraid i had gotten kicked off your list i don't think i've gotten anything from you in a month >> oh, really? our firm was just bought by roth capital partners, so there could have been an email issue but we're not ghosting you, i promise you that >> so have you -- in might of the strong january data, mike, what would you say about the idea that we still look -- in terms of the business cycle -- to be heading into a recession, but those are out there saying no, the consumer is going to keep going strong here >> yeah, it's a little surprising we are getting a lot of weak

data coming into the end of last year january, as featured surprising data to the upside it seems like the consensus forecasters went from a worry about imminent recession to now straight line forecasting above trend growth now you have people talking about no landings or soft landings our view is that you have to take into consideration the fed's reaction long-term the fed does not have your back here the fed wants low trend growth, tighter financial conditions, and it wants weakness in lagging indicators of price level pressures, like the services cpi, for example so if you get strong data, that just reinforces a more hawkish fed. they'll just tighten as much as they have to, to get the desired result below trend growth with a rising unemployment rate goes by another name, it's called rece recession. i don't think the january data changes the outlook. we know that the economy looked

strong in january. but let's not take one month's worth of data and straightline forecast into the future that just doesn't -- to me, that just doesn't seem to be very wise let's see where we are this summer and fall. that's really a danger zone for the economy. if the fed funds rate is up 5 1/2, right as things start to weaken, the landing could be much harder than what people have been talking about. >> i want us to talk china and europe before i let you go on this point, we know what they are probably going to do if you were in charge of setting the fed fund rate, would you be lowering it? >> that would cause a lot of confusion, just simply because the fed has put its parameters out there. we may disagree with their framework, but the framework is a slacked base, phillips curve model. and, you know, some degree of data dependency. the data that they're dependant on just got better

so if they shifted to cutting rates now, it would create a tremendous amount of confusion i would try to focus the fed more on forward looking information and more on preemptive strikes so you don't end up way behind the curve, blowing through your inflation target and having to catch up it's virtually impossible to soft land in a scenario like that i think that's the predicament of the future. >> kind of following for this, you're not bullish on equities, although health care can an area that could be okay we got stronger than expected data on spanish and french cpi we backed off that since our own consumer expectations came in poorly but european equities, they're cheaper, they're rallying, a lot of people are going international. why do you think europe is in a potentially worse situation than we are >> i think the euro zone is

going to be in some trouble. we heard commentary about global liquidity picking up, but the m1 money supply figures are very solidly an indicator, really off of a cliff these are the worst numbers we have ever seen there you have to go back to the 2011 debt crisis to see anything like what we have been seeing recently in that data. the inflation numbers are going to tend to lag the business cycle in europe, as well and they're subject to supply side shocks. so i wouldn't get too excited about those. but the forward looking information does not look good and the ecb, like the fed, is chasing lagging indicators, and they're set to continue tightening i'm going rate hikes and qt starting in march. but you have an insanely weak money supply situation over there. that's an indicator to take seriously. we're seeing weakness in the monetary aggregates in the uk, japan, decelerating.

so this global growth acceleration seems to be built on the back of one theme that's china reopening it's real to the extent that they are reopening things. but the ultimate effect on global growth is yet to be seen. for all the hoopla, let's look at crude oil prices. they're going absolutely nowhere. so if there is going to be a big influence from china reopening, where is it? it doesn't seem like there's any there there. >> like, great to have you back. i'll talk to ross and see if i can get those things upcoming again. we appreciate all your time. thank you so much. >> thank you coming up, target shares pairing their gains on strong earnings, as the company sounds more cautious. but they havbee at out walmart and kohl's

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coming in, we have less than a 3% gain. target's ceo saying they're working on getting back to those 2019 margins, but given the change in spending may save some time >> we're on a multiyear journey, to get back to the prepandemic margin levels. right now, mix is impacting margins. that's going to moderate over time so we're going to step forward in 2023 and improve our income by at least $1 billion >> still ahead, shares of a mid-sized chip maker sky water technology is up 66%, and now they are hoping to secure funds to expand. hi, kayla. >> reporter: hi, kelly this facility you see behind me is used to sort and test tens of thousands of chips that come into this floor every single

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boom. introducing the 10g network only from xfinity. welcome back as of today, chip makers can apply for a slice of the $50 billion worth of incentives allocated in the chips act kayla tausche is at skywater

technology with how they're using them to expand. >> based on the density of the application, 75 single spaced pages, companies need time to figure out what the criteria are and how they can craft their application to most closely meet those criteria skywater technology is no stranger to government grants. it got a $170 million grant from the pentagon to expand this facility you see behind me and now the company is spending billions of dollars more to transform this floor and also to essentially transform this floor into a new fab that would double the company's production until then, most testing machines are idled in preparation to be moved. they're also building out two other facilities including one from scratch in indiana and hope the federal government will provide about a third of that funding. the commerce department has released strict parameters for securing the funding including a ban on foreign expansion or

leading edge manufacturing for ten years, so that's not a problem for skywater, a domestic only manufacturer, but it could prove trickier for the global advanced chip makers we will see how they respond to some of the provisions then the requirement that companies receiving more than $150 million in government funding provide affordable child care for their employees industry participants have already begun to question exactly where that funding would come from and whether it's within the chips act itself or needs to be appropriated by congress when i asked skywater ceo what he thought, he called it fantastic. >> this industry is starved for female talent. about 20% of our industry have jobs occupied by females, so to me, that's a huge lever for us as a country, as we try to bring back semiconductor manufacturing. >> reporter: the worker shortage has been acute even with

industry layoffs skywater has 100 jobs open and seeing resumes from employees coming from intel and micron where, of course, there have been a lot of cost cutting going in place, kelly. >> kayla, what kind of chips do they make and what kind of customers? we're all focused on nvidia, and nvidia itself is an interesting example, because what an incredible success story but that's largely outsourced to taiwan i would be curious about the business segment this operates in >> well, the business segment is one that is less prone to consumer cyclicality it doesn't service smartphones, doesn't service a lot of consumer electronic devices. it mainly has customers in the health care, aerospace defense, and some internet of things, automotive applications, but unlike some of the other companies you named, it doesn't really have the same exposure to the cyclicality and feels like it has room to run in the next

few years. >> the shares as you managed reflecting that as well this year thank you very much. kayla tausche. let's get to another biden administration initiative now. the student loan forgiveness, supreme court justices today reportedly sounding skeptical the constitutionality of that program, which means your federal loan payments could resume after being paused during the pandemic sharon epperson is here with what borrowers should be doing to prepare. >> well, kelly, the supreme court has indeed called into question more than 40 million federal student loan borrowers will have at least a portion of their debt canceled. while we wait for the court's decision there are important steps that borrowers should take now. first, borrowers should contact their student loan servicer to get the latest information on how much they owe, their repayment plan and when their next payment could be due. there are also income driven repayment plans. if a borrower is not enrolled they should apply now. this kind of plan can lower payments based on your income. borrowers can set up a high

yield savings account to practice making loan payments now so they will be ready when they resume and if they don't need all the money saved they will have a nice cushion the department of education says loan payments will restart 60 days after litigation has been resolved if that doesn't happen by june 30th they say payments will resume 60 days after that, the end of august, and that would give borrowers six months from now to get ready. >> and you point out you could ask your employer for help, right? >> you could definitely ask your employer for help as well. find out if they have student debt assistance. that could mean helping you with $5,250 a year tax-free going to a paying student loan debt and that is something that is good every year until 2025. about 25% of companies now offer this type of benefit according to the employee benefit resource institute and about 24% plan to offer it if you are looking for work right now, this is something if it's a perk you need, you want

to ask about it and you also want to make sure that you ask your employer if they're offering it and perhaps recommend they do if they're not doing it. >> true. thank you. great stuff. sharon epperson for us today. one in ten americans have a rare disease coming up on "power lunch," we'll get a look at why they're so hard to treat and how corporate america is stepping up. there's tyler getting ready. i'll joihionheth se this quick break. wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq so, you're 45. that's the perfect age to see some old friends, explore new worlds, and to start screening for colon cancer. yep.

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of up to $26,000 per employee, even if it received ppp, and all it takes is eight minutes to get started. then we'll work with you to fill out your forms and submit the application; that easy. and if your business doesn't get paid, we don't get paid. getrefunds.com has helped businesses like yours claim over $2 billion but it's only available for a limited time. go to getrefunds.com, powered by innovation refunds. good afternoon, everybody. welcome to "power lunch. alongside kelly evans i'm tyler mathisen coming up the future of goldman sachs. david solomon on cnbc today saying asset and wealth management will be the new growth engines for the company, but will he be around to lead goldman to its next chapter? we'll discuss what's ahead for solomon and the bank. plus, target shares are moving higher. earnings beat but the outlook is

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