you've got a rising 50-day about 103, 104 you've got a nat lining 200-day at 105 that 50-day looks like she wants to cross over. amazon is green and red taped for large cap tech i'm long and excited >> see you on "closing bell. "the exchange" is now. ♪ ♪ >> thank you, scott. welcome to "the exchange." i'm kelly evans. here is what is ahead this hour. negotiations continue, but no debt ceiling deal yet. the equity markets are largely in wait and see mode, while the yield on six-month t-bills is at a shigh google's ceo warning of more ai perils, and bank of america names one stock well positioned to ride the ai wave to greater market share and we'll see how much longer the home builders can keep

rallying, especially as mortgage rates spike up again that, plus two other names in earnings exchange. but first, dom chu has the numbers. >> the stock market doesn't seem to fear what's happening with what's happening in washington, d.c. the reason why, if you look at the picture overall, kelly, the s&p 500 is now below 4200, 4169 and change we're down about 23 points right now, towards session lows. we were down 28. so it's been a predominantly down day, but we're talking about fractional gains and losses over the course of the last year. just a couple days ago, the nasdaq 100 hit a one-year high so the dow industrials down about 0.1 of 1%. the nasdaq down about three quarters of 1% 12,632 the last trade there. one place you are seeing positivity, computer chips and cir circuits, bringing us to broad

com and apple. broad com was up driven on headlines that it, with apple, have now signed a multibillion dollar, multiyear agreement for apple to purchase broadcom u.s. manufactured chips for wireless type services. broadcom shares up 2%. we put a gold star up here then we end with a check on interest rates they are all the rage right now, given what's happening with the debt ceiling debate, everything else happening there inflation is part of the story kelly mentioned the six-month. look at the one-month ticking lower. it's still 5.57% we're going to put a particular focus on the yield curve the ten-year ticking higher. i just want to call your attention, kelly in just a few moments, we will get results.

big two-year t-note option, $42 billion up for sale this afternoon. i'm sure in just moments you will break down all the details you and rick santelli. back over to you >> the yields are eyebrow raising again. to raise or not to raise, that is the question for the fed's next policy meeting in june and former fed chair ben bernanke says another hike is necessary and he thinks a soft landing is possible. both my next guests agree about the rate hike but not the soft landing part let's bring in my guests welcome to both of you chris, i'll start with you why do they need to keep hiking? >> kelly, i think the economy is still quite strong it's an ocean liner, we have had an inverted curve for about six months it usually takes a year or more for things to slow down, so they have their work cut out.

there's still several hawks on the committee. i think you will see a hike in june >> let me ask you differently, or sort of phrase it differently. maybe everyone thinks they will hike, but should they? you're worried about a hard landing already here >> i am, i am. having said that, i think the fed's between a rock and a hard place, because they didn't be easy on inflation. if they get -- by the way, the employment and the cpi numbers will come out before the meeting. that might give them the excuse to hike. >> or the excuse to pause? >> i think we're going to see strength >> brian, that would explain these bond level yields, don't you think? >> that's right. even jay powell was out yesterday saying there's some evidence they should pause i think it's hard. the risk markets are saying they need to go, and the way they play the intransitory card, they

need to show they're tough on inflation here i'm not sure they want to hike, but i think another one is in the cards. >> you said you don't think they should keep hiking, but just they will. what do you see that you are worried about? >> there's a tale of two markets here if you are a smaller business, looking for a bank to lend to you, it's tough. credit conditions have gotten much tougher if you're a large company, it feels pretty good, especially a tech company so i think the fed -- the evidence that they pointed us to continue toss move along in a way that suggests we need to hike >> we'll wait for the results of this auction, but brian, are these yields a gift? and chris, i'll ask you, as well you can get upwards of 5%, beyond the six-month bill, maybe on the one-year at this point. i just don't understand why the market keeps offering -- like a

gift, practically a gift for people to take >> we've discussed this before it's happening money is moving to the front end of the curve people are buying t-bills, buying funds and i think that's the right part of the curve. i think where the market is really looking for the fed to ease quickly, we are starting to struggle there is a tight range, but i think the market is questioning whether or not the fed has to ease quickly so it makes that cash market even more attractive in this environment. i think it's a gift and a good place to invest money. >> i've been surprised by the strength let's pause for a moment and get the results of that action rick santelli, how did it go over >> a as in apple that's what demand was the two-year note, $42 billion and $120 million in treasury

coupon supply. those $42 billion two-year notes had a yield of 4.30. if you're the seller, a high price is a good thing. some of these metrics are really stellar. if you look at the bid to cover 2sh 2.90, the best since january of this year. and 6.82 on indirect is the best since june of '09. can anybody hear those foreign bidders? i can. direct was a little light. that's the only reason it wasn't an a plus. it was a stellar auction and with regard to those t-bills, remember, when it comes to t-bills, there's a lot of moving parts here. but one of the things we want to pay attention to, if the debt ceiling gets sound, maybe there's going to be a boat load of t-bill issuance, something to

figure on the better side of the equation kelly, back to you >> thank you, rick it seems like investors are looking at this like a gift. why? >> i think so. a couple of obviations, but this debt ceiling stuff has messed up the yield curve. you see the high things real early, and two-year was strong so i think we need to let this simmer but one last thought, maybe we don't want the fed to ease so the situation that would cause an ease cowould not be go for the equity markets i think they would love to see the cpi gently decline for more than a year and keep things where they are something that would really make them cut, that's something i don't want to see. >> we often talk about your

picks. i know we talk about dollar general, prbristol-myers, but wa is the game plan for whatever debt ceiling, showing the economy is going to weaken, how long do you stay in? are you building cash positions to put to work later on? >> i think it's very wise right now to sail close to shore there are times to get excited about the equity market and go all in, but this is not one of those times. i think there are some opportunities, you mentioned bristol-myers, a stock everybody seems to hate. we love that kind of opportunity. >> they don't have weight loss -- >> but they also don't have a high multiple. so we like that here and they will do fine in a recession. their cash flow and balance sheet is strong. >> where do you think the ten-year is headed next? can the answer be higher

>> you know, kelly, i'm a little worried that the debt s.e.a.l.ing is going to highlight how much debt there is last time there was a big conflict here, the government shut down for a day and we got downgraded people are positioned for that i'm a little worried, and i wasn't a few weeks ago, that yes, maybe we'll reach deep into the sucurve. i would be careful buying longer duration treasuries right now. >> so that means you think that yields are going up and down >> i think ten-year yields will go higher. i think wec could get to 3.75 again. >> thank you both. really appreciate it the clock is ticking down to the debt default that could happen as soon as june 1 my next guests have different

views whether it will happen joining me now are nicholas and marco. it's good to see you both. nick, i'll start with you and what is the tiktok you expect here >> well, i have a slightly different view if you go back to 2012, 2013 fis value -- fiscal cliffs, biden and mcconnell are long-term friends. now, mccarthy is unpredictable he's exposed to the whims of five, six gop members who could, in effect, remove him. but mcconnell has huge power within the gop he controls the funding of candidates hence, he has a strong position

to facilitate a deal i think we got an announcement new year's eve the equity market has been down quite aggressively so that is a possibility i mean, you know, the fact t that -- [ inaudible >> so you're feeling a little more sanguine about it but marco, you see a little more risk here that things could go wrong. why is that? >> i agree with nick the gop is -- has a pretty clear path to resolving the crisis my concern is that the last time we had a debt ceiling in 2011, the last time this was a big issue, the polling was showing that about 70% of americans felt that the deficits were the most critical issue for the government to resolve.

today, that's collapsed to 40% so 12 years later, you could argue that the voter has a different view of budget consolidation and austerity. that's really important, because it means that joe biden can push the republicans to whichever corner he wants. i am concerned about that. but the news flow has not supported my view. so there is hope that, you know, i'm wrong. >> the positivity of the news flow is what has he to worried it's almost glowing. mccarthy is so well supported, biden is good at negotiating why are we reading at such positive commentary? i just wonder if there's many chapters of this yet to be written. one more on this and then china. nick, what is your advice to investors who have to figure out what -- are they looking for an opening to buy stocks here what is the action plan?

>> i think this gets resolved. you have $1 trillion in treasury issuance that is a huge vacuuming of liquidity out of the markets i think that vacuuming of liquidity will be -- i have a sl slightly different view. we've got a trillion dollars worth of issuance coming up. it's going to be quite a hard liquidity environment going forward if everything is resolved in a positive fashion >> that's a great point. the fed has to consider that among many other factors let's talk china for a second. you both have such strong views on it.

nike's ceo spoke last night, and he had a dire washing about u.s./china relations >> i think de-coupling could be disastrous economically to the u.s. and china or the european union. if you look at the trade flows both ways, they play a mutually valuable role. so, again, we'll do everything that we can to support that. >> we talked before about are chinese stocks a great opportunity? especially these kind of -- we'll call them geopolitical risks. what should investors do now >> when i look at china, it's a

situation where consumption is not going to be revived easily now, when you talk to american investors, they talk fgeo geopolitics. the rest of the world has a different perspective. they're not inundated with this, you know, china/u.s. cold war propaganda so they're looking at china as an opportunity and a tobacco stock. and so it really depends on where you are sitting and your perspective. but i do think there will be often opportunity to play this impulse, and china that should be good for large cap stocks >> we have had some deflation kind of surprising things. there but nick, i think you're as concerned as john and some others about the business

environment in china and the de-coupling that -- i don't know, is it going on here? >> oh, yes xi is de-coupling of the old regime you have now businesses in china, be they domestic or foreign, that has to have a ccp member within the decision making process and has to follow directness from the ccp this means that shareholders and profit incentive or secondary. our recommendation, xi has just basically appointed his equivalent of stalin's -- as the man in charge of investigating u.s. companies for breaching the

new espionage laws brought in at the end of april this is what has made due diligence an offense under that law. so if you are an investor, you really can't do your due dill y -- diligence. we have already seen one non-member of chinese detailed without any ability to contact outsiders. you will see as the americans respond, the chinese retaliate congress, which will come out with legislation, it's the one thung congressional members can agree on is china. they'll come out with legislation that is more retricktive, and the chinese will react so you've got to be careful,

because just last week, the u.s. state department came out with a travel advisory warning for american citizens going to china. china, this time, includes hong kong pi the way. so you have to be careful. this will continue and that's why we think the dollar using the offshore remby is heading to 734 and can go a lot higher >> let me give you a quick response to that i think the currency is going to continue to slide, but i have a much more mundane explanation for that they're over reliant on monetary

poll i tools -- policy tools. five days of data is not enough. i speak to clients around the world, southeast asia, the middle east. the rest of the world does not see the world the way the west does >> that could be bad news for where relations are head thank you both we'll leave it there coming up, broadcom hitting a record high after striking a deal with apple. and amd at a 52-week high. the analyst behind that call will join us, next and lowe's lowering its full-year sales forecast we'll bring you the highlights from their results and look ahead to toll brothers and pal alto reporting after the bell.

dow still down only 21 points. nasdaq, a little more than that. the ten-year yield, 3.72 back after this. ♪ ♪ every day, businesses everywhere are asking. is it possible? with comcast business...it is. is it possible to help keep our online platform

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as microsoft unveils more ai features today, google's ceo is out with another warning, writing in the financial times that building ai responsibly is the only race that really matters. and in terms of those building ai, b of a is signaling them as a market share winner. that stock hitting a 52-week high today bank of america sees another 11% upside from now. welcome. it's good to see you >> thanks, kelly likewise >> what's 11% after a 70% run? >> sure, kelly first, i think let's tart with the good news, which is that we are in the early stages of outfitting cloud data centers with the picks and shovels that are required i think just in the first one or two years of what could be a decade transformation of these data centers the core part will be accelerators we think the market is just under $20 billion this year.

that can get to $60 billion or $80 billion for the next four to five years the tricky part is that the silicone required for those next saturday, that market is dominated by nvidia, 75% market share, followed by broadcom, which is the least spoken object name in ai, but one of the more interesting ones that leaves 10%, 15% of the market so part of it was acknowledging that amd has the potential to go after this market, but we have a neutral rating on amd. it will be tricky for amd to carve a niche when you have these two large incumbents, nvidia and broadcom, in that market >> broadcom, you are a buy

price target, $800 on this apple deal >> yeah. i think what this news has done, it's removed one overhang from broadcom stock earlier this year, there was some media reports that apple could look to insource some of these specific components. apple is broadcom's largest customer, 20% of sales last year so any insourcing attempt by apple could have been a problem for qualcomm but this removes that overhang for the next few years one of the most underappreciated parts of broadcom, which is its presence in ai, so broadcom today is number one in the cloud switches that are complimentary to what nvidia does when it comes to the outfitting of those ai data centers.

especially google, meta, develop in-house custom shares that can address a lot of the ai needs. so the good news is, this lets investors focus on what is important for broadcom >> sure. although the way the stock is behaving, it is becoming more appreciated. >> it's a company that is generating 50% free cash flow margins and raised its dividends at a 25% compounded rate >> why should. the market give it a 70 times forward multiple or whatever it's giving nvidia right now >> because it's a lot more diverse div diversediversified now that risk is out of the way, it helps investors refocus

it's a lot more diversified name, there's a lot of software aspects, which i lowered growth for broadcom so i would classify it more as a large-cap value stock than this underappreciated growth driver >> we have to go a word about intel, anything there that you are excited about or is that story just a difficult one? >> yeah, i think intel we remain cautious they are exposed to the same large rising time. but semi conductors is a game of incumbency market shares only change when the incumbent messes up. intel messed up many years ago but now when you look at this new market of ai, nvidia is not messing up broadcom is not messing up that makes it very ethical for other players. >> well said thank you for your time today.

>> thank you, kelly. still ahead, much more on the ai space, including which industries are the fastest growing in tech. we'll tell you more when "the exchange" comes back stay with us

good afternoon welcome back to "the exchange. i'm tyler mathsen with your cnbc news update at this hour a new report from the illinois attorney general found a long history of sex abuse in catholic churches across the state. investigators found that 451

clergy sexually abused nearly 2,000 children between 1950 and 2019, far more than the 103 individuals the church named when the state began its review in 2018. a russian court extended american journalist evan gerschkovich's pretrial incarceration by three months. if convicted, he could face up to 20 years in a russian prison. last month, the u.s. government designated him as wrongfully detained senior biden officials are looking to send u.s. troops to colombia and panama to curb migration and human smuggling. thousands of people attempt to cross here every year by relying on smugglers to get them through the harsh terrain. kelly, back to you thank you. coming up, lowe's, toll brothers

and pal alto we have the numbers. that's coming up next. lowe's hangs oto an 1.5% gain stay with us 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.

welcome back to "the exchange." debt ceiling drama getting a lot of attention but we also have a bunch of earnings report with a read on the most important part of the economy, the consumer. let's start with lowe's. they reported an earnings beat offset by declines higher lumber deflation took down revenue we turn to gina sanchez today. she's a cnbc contributor good to see you. let's start with the one who has reported, which is lowe's. did we learn anything? what would you do with the stock here >> honestly, we learned stuff that we already know which is the consumer discretionary is pulling back, and lowe's is feeling that we already saw that with home depot. so i don't think anybody is surprised. lowe's is a cheaper trade. they were doing a lot of catchup during the pandemic. the outlook for lowe's is a little better.

so it's cheaper, opportunity for better growth. so the story is that the consumer is going to continue to pull back. unfortunately, those diy projects, you have to do the math i think a lot of people are doing the calculus and lowe's is feeling it >> the stock is hanging on to about a 2% gain today. pal alto, they're up 40% this year people looking for commentary on billing, profitability, ai you're still bullish what has been drive thing l levitation lately? >> you are seeing some slowdown there. we're bullish because we think there's a long secular story here as use of the cloud grows, the need for cybersecurity will grow we have already seen some of their competitors reporting, showing that people are still spending on cybersecurity. this is really important, but you're also hearing from the company that, in fact, it's

getting harder and harder to close sales, taking longer, they're getting shorter duration contracts. so all of that is going to stack up to slower growth. but from 40% a little slower, still a lot of growth. from what we have seen, we have seen a long, secular growth story here that we want to continue it's expensive here, the one thing you have to remember but look, they are continuing to do everything that you need. they're continuing their government sales and continuing to get all of the certifications and requirements and recommendations that they need in order to do that. so the story has a durable element to it. >> all right let's move on to the home builders and talk toll brothers. up nearly 30% this year, maybe because of higher rates in a way. we're looking for updates on builder commentary the stock is up 27% this year. what do you do with it

>> so toll brothers is still cheap. this is an interesting one they had -- they basically -- a lot of people were throwing out a lot of the home builders because interest rates were going up so as interest rates went up, it's going to be harder and harder to sell your home, and they were right. but there is a massive shortage of houses. so as we start to look past, you know, the fed finally starting to take their foot off the gas pedal, as it were, you're seeing an increase in demand. so toll brothers just needs for things to look a little less bad. so that is something that you have to watch with respect to interest rates as long as we get better news out of the interest rate story, some stabilization, higher home prices are a good thing for toll brothers, and there's still a massive shortage so the supply/demand dynamics

are still in their favor we have forgotten that, and we'll start to see that ramp up as we go into at least a stabilizing interest rate market >> so stick with the stock yeah, absolutely >> all right home builders too hanging on to the gains. thank you. we appreciate it today gina sanchez still ahead, the number of companies using ai has grown over 1300% in just the past six months it highlights which areas are seeing the fastest growth. today's tech check is straight ahead. let's get some show and tell where we show you a chart and tell the story united airlines is on pace for its best month since april denver has surpassed chicago o'hare as the carrier's largest hub. and now they are adding more capacity will demand hold up? here's what the ceo said earlier on "squawk box." >> demand is really strong right

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welcome back as the ai gold rush continues, there are certain areas within tech that are growing faster than others. diedra bosa has more in our "tech check. >> generative ai is exploding among consumers. same story in the enterprise so data management startup in the silicon valley darling did a deep dive how its more than 9,000 customers are using the generative ai. here's the ceo >> every organization we talked to say they have a mandate from the board, they need to do something with generative ai so everybody is doing something.

having said that, the obvious ones are customer support, automating that. that's top of mind for everyone. >> he says that the number of companies using large language models grew by nearly 1,000% in just the four months following chatgbt's release. but there's an important distinction he calls between open source and closed source models companies that are plugging chatgbt into their businesses versus companies that are using their own proprietary data those are the ones that will win at enterprise he says. >> we think in the next five years, in every industry, the winning companies will be data and ai companies that have built their own models, that they have data sets that come with them. >> he says the companies are now starting to realize just how valuable their data sets are, and as such, we could see more of them lock those down and keep them away from google or demand

exceeds the privilege of seeing them so as this matt form shift occurs, data continues to be the oil or the gold, whatever you want to call it, but the most valuable thing >> so do companies have to work -- what is it called when you clean your data or get it ready for ai i know people are doing this already. but they probably have to step up those efforts >> yeah, that's what a company like a data like snowflake helps companies do they're learning they should create their own models within their own organization so i talked to ali how companies that already have a lot of this stuff are going to win it will be harder for the incumbents to win, because they don't have that data rely on but a conversation we have often, this will end up with the microsofts, the amazons, the apples, that are collecting data on the back end. so in this whole shift that's happening, who will serve the

enterprise and the consumer? as >> diedra, thank you speaking of which, don't miss a special ai edition of "power lunch" this friday at 2:00 p.m. eastern. we have an all-star lineup of guests don't miss it. still ahead, pfizer higher today, after the company said its ozempic competitor may be as effective in weight loss and throughout may, we're celebrating asian american and pacific islander business. here is suzanne yu >> i feel very fortunate to have grope up an american but also with a deep appreciation for my korean roots. when i started my career in finance, i didn't look like everyone else and found i was often misunderstood and

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welcome back to "the exchange." shares of pfizer higher again in today's session up 2 1/2%. yesterday they said their oral weight loss drug may be as effective as the injectable ozempic for weight loss. there are reports ozempic may also curb other addictive behaviors like smoking and drinking here to weigh in on all of it we welcome former fda commissioner and cnbc contributor dr. scott gottlieb thnkz for your time and welcome. >> thanks a loot how do we make sense of these

brand new weight loss drugs that are already seeing widespread adoption and ozempic thing is freaky why would it stop other ad addictive behaviors? >> there's some speculation it could act on certain pathways in the brain that decreases pleasure from certain addictive behaviors. i think that's sblaktive at this point. right now we only have studies in animals, animal models that were addicted to alcohol, that sought out alcohol seemed to diminish their craving for alcohol when they were prescribed these drugs we don't have human data it's not clear the impact it's having on pleasure seeking behaviors just from its effects on weight loss, satiety. but right now only 5 million prescriptions were written last year, many of those were for diabetic patients, and so we're going to see utilize lation grow

from here. to give aw basis of comparison about 20% of the public's on sta statins. i don't think we'll get anywhere near that level that are prescribed these drugs but about 40% of the place's probably indicated for them based on weight alone and i wouldn't be surprised if in the next five years we get to the high single digits of americans that are prescribed these drugs assuming that the data continues to show that they're safe and effective for these intended uses >> yeah. i mean, so many different questions to ask what are the scientific questions about what are the breakthroughs here obviously the biggest possible headwind in all this would be unanticipated side effects that could still be yet to be discovered you're on the board of pfizer. is their oral weight loss drug a real rival to the successful products already on the market >> the company certainly hopes it's going to be competitive the data that came out in the journal of the american medical asoefths was release late last year at a medical meeting. there's two drugs that pfizer's developing another formulation that's an oral once a day pill and then the data that was released yesterday the company has said previously they're going to take one of

these two forward. these are mid-stage clinical trials so i think it's hard to read across from some of these trials to the data from some other dugz that are more advanced but there's going to be multiple entrants to this space and as you see more entrants come in prices should start to come down as well right now these drugs are expensive the ones on the market cost anywhere from $900 to $1300 a month so that's prohibitive for i allot of people and you're seeing health plans put in place restrictions on access to these medicines for the weight loss indication you about as more competition enters you see different formulations, oral formulations as well as iv injectable formulations prices hopefully will come down and make these more accessible to more americans who can benefit from them. >> why did everybody suddenly discover this and all at the same time in slightly different versions >> yeah, i think it really was the data that came out around monday jaro the lilly drug that looks to be very effective at promoting weight loss in patients that aren't diabetic. as well as the data from wegovy, the novo nordisk drug. once you saw the clinical trials

which is relatively recent patients that didn't have diabetes, that were just using these drugs to promote weight loss that were obese, had bmis above 30 or above 27 if they had multiple risk factors related to weight gain, that really instigated wider utilization because as a public health tool if you can promote substantial weight loss 15% weight reductions which is what we saw with novo nordisk, 16% with monjaro, a late stage clinical drug involving 900 patients. seeing that magnitude weight reduction for a clinician treating a patient who's obese who has risk factors related to the obesity that's really profound you're going to have a big hub health impact from that. >> we obviously know the cost is a lot to bear. but so is the cost of not treating some of these conditions what do you think's going to be the harder road, getting it more broadly approved by private insurance or by medicare, for instance >> i think -- well, medicare, the private plans really administer the utilization of these drugs through the part d program. i think a lot of health plans

right now are putting in place restrictions on access to these drugs even for patients who are overweight requiring them to try to pursue other means of weight loss before they move on to these drugs. just given the sheer cost. and employers are doing that as well i would hope that as the data continues to show that this kind of weight loss is promoting long-term health gains that in the long run can be cost savings to the health care system as a whole and to health insurers as you said and i would hope that as more entrants come into the market and we start to see more price competition they're going to be more accessible to patients. assuming the data continues to show they're safe and effective for these uses remember, these are old drugs. these aren't new drugs they've been on the market for a long period of time in daily formulations for diabetes. so we do have more and more experience with these experience now, we don't have as much experience at these doses, the higher doses that are being used for weight loss sband in patien who don't have diabetes. there's still a lot to learn but we do have long experience with

the basic molecular entity being used in these drugs. >> so basically people are taking successful diabetes drugs but in higher doses for people who don't have the condition and that's effectively what's hang here? >> right the drugs that are being used, these drugs being used in the weight loss indication are being delivered at higher can he is docs and it's at the higher doses you're seeing these profound weight losses in these clinical trielgz in diabetes when they're used in type 2 diabetes they're generally used in lower doses but you do see meaningful weight loss in those trials as well more weight loss in clinical trials looking at type 2 diabetics who use these drugs primarily for glucose control but also found they promote weight loss. if you're a diabetic patient and you lose weight that's also going to help with your glucose control. >> it sounds so profound that you think the shares should be up even more granted lilly and some of the early movers are pfizer way nice two gain share we'll leave it there dr. scott gottlieb, tlnkz thanks for your time today.

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how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. i'm tyler mathisen glad to have you with us coming up the strength of the consumer retail earnings reports creating a bit of a worrisome picture but former fed chair ben bernanke says a soft landing in the economy is still very possible plus the view from the c suite cnbc gathering business leaders for a ceo summit in california we'll talk with the ceo of crocs about all the issues everybody's talking about. debt ceiling, economy, dealing with china and trade and more. kelly. >> looking forward to that hi, everybody. first let's get a check of the markets which have turned a little bit more negative in the la