uncovered what tiktok was trying, they did it before their announcement tiktok has a history of innovating. nike released a sneaker by ja morant. we know his colorful history, but they sold out in 20 minutes. >> thanks for watching "power lunch," everybody. >> "closing bell" starts right now. welcome to "closing bell." i'm scott wapner live from the new york stock exchange. we have a big interview coming up billionaire investor marc lasry is here and he has a special guest with him we'll get to that in a moment. we begin with wall street's ai obsession and how long stocks like nvidia can keep surging those shares having their best days on the back of earnings here's your score card with 60 minutes to go in regulation. nasdaq where the action clearly

is today chips and mega caps get a big boost. not so much for other parts of the market the debt ceiling dual continues to be a drag and rates continue to move higher brings us to the talk of the tape to trim or not to trim that's the question as nvidia hit all-time highs joe taranova and stephanie link, cnbc contributors. great to have everybody with us. nvidia is your third largest position when you saw the move in the stock, what was your reaction and now you've had time to digest all this. what are you thinking now? >> let me start with when i saw the revenue guidance, i almost fell off my chair. the move in the stock was largely given the revenue

guidance differential and it was to be expected i think what we're seeing today is a discovery move in nvidia. when you have a discovery move it's something brand new to the market people are finally understanding the $300 billion opportunity that nvidia has laid out and how they can get there in my opinion, the opportunity is so big, it's bigger than any other market that we see today >> you went into today, joe, saying -- not you, but collectively -- man, the valuation is too big, the stock is more than double heading into the number yesterday it was 300 bucks yesterday at this very moment it was near 400 after the earnings came out. the stock's cheaper today on a valuation basis than it was yesterday. >> we got what we wanted we got the guidance that

validated the energy and excitement surrounding generative ai and ai itself. it placed the stamp on it. it said it's real. we had the evidence. we have statistical evidence now that supports the investment thesis and it has sustainability, not just in the near term, but in the long term. >> what do you do as a shareholder today? you've seen this incredible rise you see what happened and the reaction we're witnessing in the market today are you tempted to take some profits? to trim or not to trim is the question do you take profits or not >> i wouldn't touch nvidia for -- until nvidia proves to you there's a reason to sell it and i couldn't conceptualize letting go of nvidia

>> i agree jensen cited two things. >> jensen huang the ceo. >> they're just not a complete platform they're a networking, compute, software platform which is generative ai in a box b, we talked about the trillion dollar market that's going to update their entire cpu base that's the discovery information for the market that is driving the stock today. it gives you duration to the earnings >> everybody is thinking the same thing is it justified. what's the ramp look like moving forward? sure the stock could pull back from here. that was one of the views of stacy raskan who we spoke with take a listen. >> at some point we'll get di

j digestions if you think about where we are, we're very early in the terms of both ai and accelerating computing. it's just getting started now. >> hard to put your arms around that concept it's just getting started now when you've witnessed, and we all have, witnessed these shares in all these companies go crazy. >> we spoke about this in prior weeks that we were in the early innings. think about the competition that these companies have from an investment perspective there's not any competition. if you look at where nvidia is and you question whether it's the valuation or the ability to keep going higher, the simple analogy is i could make is we're in the middle of the playoff season, would you take jimmy butler off the heat? he's the mvp of that team.

that's what nvidia is. it's the mvp of the market right now. the other point which is important, there's a lot of growth managers that still don't own nvidia, scott. a lot of the move that is were made, i'm very satisfied with because we got ahead of recognizing momentum that was building and we were in there and we were adding names like adobe and nvidia you look at some momentum funds, they don't even own nvidia yet that's not logical to me. >> the big question, steph, and i purposely have come to you at this moment. you're a value investor. yes, you have exposure to growth you are a bottoms up value investor who doesn't own nvidia. how do you think about that today? >> well, obviously it hurts today and it's been a great stock year to date

yeah, i don't own it, but i do have other ai plays and i have a big position in broadcom and lam research you'll need memory like we've never seen before. with nvidia, i could make a case it's not that expensive if you're looking at the growth rate the growth rate they gave you into next quarter is 53% sequential growth. that's enormous. it's incredible. they estimate they only have about 4% of their $1 trillion data center cpu installed that's converting to gpus they're in early innings i can make a case to be really excited about it, but you know me, i'm not going to chase i'm trying to find other ways to

play the similar theme. >> that's an interesting point you make about i'm not going to chase because, you know, if you believe that the upside is as tremendous as some suggest, whether it's stacy, brad, are you chasing? number two, i remember us having this similar conversation years ago at this point about amazon where i remember you telling me, i can't buy it the valuation is too big then finally you said something to the degree of, the heck with it i'm not going to miss out and you bought amazon at that moment what is that moment for you with nvidia >> well, look, the stock is up over 100% year to date, right? i mean, i just -- for me i think -- look, it's a great story. yeah, there are new data points. they're definitely going to win. this is a pure play in ai for sure

i just think there are other places i can make money too. broadcom is at an all-time high. applied materials is another one you can look at. there's a lot of ways to play this theme i'll stay patient. if i get an opportunity, scott, and i change my mind, i can change my mind right now i'm not going to because it's had a heck of a run and a lot of good news is priced in. >> i understand. you mentioned other stocks you have which goes to the point that when brad gersner was making the point it's not just an nvidia story. listen to what he said. >> every enterprise is going to have to architect around this. what we're seeing in terms of their numbers, the leading edge

of the ai wing start asking yourself what are the other companies that are going to be beneficiaries and what companies will be hurt by the shift from the world of internet to the world of augmented intelligence >> all you need to do is look at what's working in tandem today, amd is up a lot. taiwan semi is up a lot. service now, that you like, that you're thinking about. >> there's going to be many ways to play this ai wave what's most interesting is chips in part because the margin structures are very high taiwan semi is interesting in part because people keep saying are we in an ai bubble when taiwan semi traded at 13.5 yesterday. today it's 15 times street numbers. we're not in a bubble.

there's a lot of opportunity ahead. >> how do you think about this, the other names, the names that maybe haven't been so obvious to people because the microsofts, the alphabets, the nvidias, the metas, the apples have sucked all the energy in the air out of the room what's being shown today is they're not the only stories. >> they're not i don't know if there's enough of a credible investment thesis surrounding the second derivative trade as there is for the mega caps. i think nvidia is the clear leader. >> you have amd. >> i have amd. the reason i have amd is because of the green light being turned on as momentum i don't view amd as a threat in the generative ai landscape to nvidia i'm staying with the amd trade

because it's the right thing to do look at aye adobe today, up 7.6% the second derivative story is there. if you're going to invest around that, you have to ask yourself the question, where are these companies going to be in three or four quarters will they be able to do the spending the mega cap companies will be able to do, that nvidia will be able to do, to deliver the consistent revenue >> as somebody invested in some of these related names, steph, but hasn't been the core of what you've done, are you thinking about brad's point, other area that is you need to be in

related to ai? you wake up today and you're like nvidia confirmed everything that everybody has been saying and i need to be more invested as a portfolio manager starting today? >> absolutely. you always have tok around and find the derivative plays. that's where you make the most moan over time it's the undiscovered names. the two i mentioned aren't exactly undiscovered, but i think underappreciated meta i'm in, but i wouldn't be buying that here it's up 110% i was buying it last year and it was painful. i'm looking at other areas we talked about microsoft over the past couple weeks. i'm warming up to it on a bad day i would pull the trigger there. you don't have to chase in this market, scott. you really don't you get looks from time to time, especially given what's going on in the macro. finding

shopping list. >> it's stark today the divergence with this trade and the top-heavy nature of it does that trouble you or make you more cautious? you run a fairly tech focussed area of the market the, quote, unquote, haters are like it's mega cap and nobody else. >> you're seeing a broadening out from mega caps into all of tech if you look at the rest of the market, there are macro issues that are holding the rest of the market back. whether it's the debt ceiling, gio political, china covid, there are a lot of other headwinds. the most important thing to focus on is some of these technology waves are independent

of the macro economy and will cause moves like this in stock performance. >> we're seeing that by the way, looking at the dow which was down reasonable amount, trying to work its way back too as we have about 45 minutes to go. only down 30 s&p nicely positive today. nasdaq stole the show clearly. we'll see what the dow does over the remainder of stretch >> guys, thanks to much. let's get to our twitter question are you thinking about buying nvidia today if you don't already own it head to twitter to vote. we have the results later in the hour let's get a check on top stocks to watch. kristina partsinevelos is here with that. kristina >> reporter: let's start with ele beauty smashing earnings expectations that led a number of analysts to hike their price targets with

them up 19%. that stock is up over 360% in a year ulta reports after the bell. snowflake shares, got to do it, they're melting as the company slashes its product revenue forecast that's overshadowing a beat on the top and bottom line. down 17.5% scott? >> kristina, thank you. up next, marc lasry joins me here we get his take on the fed, the markets and the debt ceiling dual don't go anywhere. you're watching "closing bell" on cnbc. ♪ ♪ connecting to opportunity is just part of the hustle.

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mining for opportunities in the distressed markets is my next guest's area of expertise. let's bring in marc lasry. good to see you. >> great to see you. >> as recently where you said rates will come down in the next six months, mark my words. within six months rates will start coming down. they've been going up. you think the fed is going to cut? we're going to have a recession? what's your view >> it will happen in six months. the fed has to cut what was the fed worrying about? inflation. that worry is going down now what are you worried about

recession. that's all everybody is talking about, how bad is the economy, what's happening on the real estate side? the fed will lower rates they may raise a little more at the next meeting from that moment on, it's going to be flat or coming down. you can't keep raising rates >> do you think there's going to be a recession you said you thought it was all but guaranteed do you still >> i think i'm more nervous about what's going on because of what's happening on the real estate side. i think you'll have a bit of a recession. i don't think it's long term i think it's short term. what you have right now, the reason there's issues, think of all the regional banks they're not lending what they were lending before. there's less lending going on in the system

we lending more money. you can't have businesses borrowing at 12 to 15% that's not a long-term solution. it's short term. that's what's happening. sooner or later businesses have to borrow somewhere around 5 to 8% 12 to 15 is just not a model that people can follow. >> when you say you're more worried about real estate, you're alluding to the commercial real estate issues which some suggest have barely come home to roost. >> i agree with that >> you talk to a number of developers you're friends with them in new york city. what do they say >> they have no choice they have to keep extending. rates have gone up they can't refinance the banks will extend and delay. what does that do? that means there's less money in the system you're not making new loans.

you're going to start having issues the biggest issue is that banks are lending less because the fed has made it more difficult for those banks. >> you're picking up the slack and others in the shadow banking system your business is picking up there. it already was going up. >> i will tell you every month is better. you have more and more to do and that's actually great. we're seeing it in europe. we're seeing it in the u.s there's more opportunities. >> are you surprised the u.s. economy has been as resilient? >> i am. >> and consumers as well >> i think it's great. it's great for the economy it's great for people. the last thing you want is to be in a real recession. that's not positive. the economy has been resilient in spite of what the fed has done that's actually why the fed has kept on raising rates. the fed wants to end up curbing

inflation and that's happened. we're not focussed on it as much as we were because it's gone down quite a bit they want to make sure it's lower. >> what if it's sticky at this point, much more so than people think? it came down from 9% to 5%. >> right. >> what if it takes a long time to get from 5% to the target goal of 2% >> that's a great goal if you're in a recession, what's your focus is your focus 5% inflation and a recessionary environment sooner or later the focus of getting out, especially in a presidential year -- think about it for next year the one thing you want to do if you're biden or trump, is talk about how we've turned things around and things are starting to come back. you can't say we'll keep raising rates. we'll make your life absolutely

difficult because we want inflation to be lower. >> you're suggesting it's not politically tenable for either >> it can't be. >> you already named the nominees >> no, no. >> that's who you're expecting >> right now, it looks like those are the two. it's a long way off before you end up having -- whether it's trump, desantis or anybody else. >> you mentioned the regional banks and real estate. the most acute, i think, place to look for commercial real estate issues would be in the regional banks are you worried about more significant problems related to the banks? >> well, i've said this before and here's the issue if you're the ceo of a company, right, and you've got money in a regional bank, what is your worry? your worry is that there's issues and you're not guaranteed what is your fiduciary obligation your fiduciary obligation is to

make sure there's no risk whatsoever, which means you may move your money from a regional bank to a money center bank. if you're a regional bank, right now they're not lending. what they're really doing is keeping money in t-bills because they don't know when they have to access that capital it's just there's a chill on lending. that's the opportunity set for us, but it's making it harder for small businesses. >> how are you thinking about ai since it's dominating all parts of conversation and it's what we started our show with and probably started our show every day with it for obvious reasons? how do you think about that? >> i'm trying to figure it out. >> are you investing in ai-related things? >> we're not it's not what we do. i think we're all fascinated by it because the effects it can

have how's it going to affect our business and other businesses? i was reading the other day that one of the biggest job opportunities is can you be a prompter for ai? do you understand how to prompt and make sure you're asking the right questions? there's so much for us to keep learning i think it's going to affect us first only personal side and then the business side for our business, that's still a couple years away. >> are you thinking about the kinds of industries and businesses that will be disrupted that could eventually be in your target world of saying this is going to be distressed because it's going to be disrupted by this transformative technology? >> i wish we could figure that out today. i think you're absolutely correct. i think it's going to have a whole bunch of issues. i think the market will let us know as you see the bonds coming down, we'll have the opportunity

to short those bonds or make money on that. it's hard today to try to figure out the exact industries it's a bit early i think you're going to have huge opportunities >> let's do this, let's take a quick break. >> absolutely. >> we'll come back and talk about what i think is no doubt the trade of the year in sports. we'll explain more plus, we have a special guest joining us as well professional basketball player bobby portis we'll get his take on investing in sports and elsewhere. that's just ahead. ked... yes. right. yeah. and i don't think at that time- i think you're the one to tell me that we had the same birthday. yes. it's really unbelievable when you think about it, because it's been, like, really over 20 years that you were my mother and father's banker, you became my banker and now fran is in her third year of college and you're her banker. it's so unbelievable because i'm just 20 years old. [laughing]

we're back with marc lasry he recently made what we called the trade of the year in sports selling his stake in the milwaukee bucks. we're joined by bobby portis he plays for the bucks welcome. >> appreciate it >> first time on the new york stock exchange >> yes, sir. >> what do you think >> it's great. beautiful atmosphere happy to be here >> wait until you see the closing bell

it's pretty special. this trade of yours, $550 million is what you bought it for in 2014. the sale closing at the valuation of $3.5 billion. that's amazing now that you've been out of it for a little bit, playoffs going on, do you miss it already >> it was a big part of my life. it really was. for nine years sort of went to every game, tried to go to every game, watched almost every game. it was a big part of my life, my family's life. we absolutely loved it. >> you sell the team, but keep an interest so to speak in players who played for you like bobby who -- do you have an interest in investing? are you leaning on marc, his mentorship to guide you into the next stage >> absolutely, man the main reason i'm in new york is because of marc, just establishing relationships, having a guy like him who can mentor me in different ways to be successful with investing and

just building generational wealth that's what i want to do that's what i'm leaning towards. everything in life is all about learning what better way to have -- what better way to have someone than marc to learn from. >> how has the way you thought about money changed over the last few years you signed a great contract, a deal, almost $50 million over four years you signed it last year. >> yep. >> has that forced you to think about money in different ways than you did prior >> yes and no. just coming into the league, coming from a situation like i have, you know, from arkansas, not really coming from a money family, being one of the first people in my family to really have money, get into the league, not really knowing, you know, what the league is going to bring you, you have a few headaches that you go through. then, once you start to get older and get mature, you get a

lot more smarter with your money, get more smarter with how you're investing your money, spending your money. having guys like marc around that's constantly on me, in my ear about certain things that i spend money on, whatever it is, being smart with it, is always great to have. >> have you tried to mentor guys who played for you in different ways and smarter ways to think about spending money and saving money and trying, as bobby says, to build generational wealth >> part of it is we grew up in an environment that was different. for bobby, once you sign these contracts, you have all this money. the goal is where should you invest it. that's a lot of it when bobby and i talk or any of the players, here's opportunities where you can invest there's this thing called t-bills. you can make 5% which is a lot of money now, let's go from there that's the safest thing.

if you want to make 10%, 20%, we try to go through a lot of those things. >> i noticed from doing some research, you're thinking about the next generation and how they should be thinking about their money. keep it a buck, you still have the podcast? >> kind of, sort of. we started it a couple years ago. kind of focusing more on money management and things like that. like i said, it's a big reason i'm here with guys like marc. >> it goes back to sort of financial literacy. >> for sure. >> whether we're talking about athletes -- i had many conversations with athletes, but also trying to impart it on the next generation. >> yeah. in school they don't really teach you about these things life in general is the best way to gain experience, to gain teaching lessons and things like

that, hitting your head on the wall a couple times. >> it's funny, i don't know if you heard my conversation with marc about ai, which we're talking about all the time there's this thing called chatgpt. have you used that yet >> not at all. >> i asked chatgpt what is the best part of bobby portis' game? if you want to see how intelligent artificial intelligence is, here's what it said -- portis has a solid offensive skill set with a knack for shooting he can shoot from midrange and beyond the arc and can finish at the rim. he bring as high level of intensity to the game. that sounds like the bobby portis i know. what do you think about that >> i like that. >> that's computer generated by the way. >> that's computer generated

>> yes. >> oh, man >> that's amazing, isn't it? >> it is the one thing it didn't say is the heart that bobby has, what a great person he is just as an individual it's one of the things -- i've known bobby ever since he came to the bucks it's -- it is amazing that chatgpt could do that. >> it finished by saying he's willing to do the dirty work and make the hustle plays to energize his team. that's what you've become known for. you're playing for team usa this summer >> yes, sir. >> best of luck. where you going to travel to >> we're going all over. it hasn't been officially released yet i don't want to speak out of turn it's going to be a great opportunity. >> we'll be rooting for you and your teammates marc lasry, thanks for being with us. kristina partsinevelos is standing by the biggest movers.

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that's just one of the stories captivating wall street recently involving mr. icahn. his firm has been targeted by h hindenberg research. last night this tweet, if you want a friend, get a dog icahn has made many enemies. i don't know if he has any real friends. he could use one here. as you might imagine, that didn't go over well with m mr. icahn. i asked for his reaction he said, quote, taking advice from ackman is like taking

advice from russia on how to invade a country back to kristina for a look at the key stocks. >> reporter: dish network jumping. the company is talks to sell wireless plans details could come as early as june once regulators confirm dish has met certain milestones. you can see verizon and t-mobile moving in the opposite direction. shares of dollar tree are down right now legal costs from a rat infestation, yes, rat infestation, and an increase in shrink, referring to theft, contributed to that weakness walmart, target, home depot have all cited shrink problems as well. >> kristina, thank you. our twitter question, are

you thinking about buying nvidia today if you don't already own it head to twitter to vote and the results after this break

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gold bond. champion your skin. one of the great new york city traditions is under way as you speak to coincide with memorial day weekend it's fleet week in new york. there you see the servicemen and women making their way to the podium they'll ring the closing bell today led by the secretary of the navy you see him. he's going to be on "overtime" for an interview with morgan and john which we're excited about he served this great nation for more than 20 years he'll have the honor today with

some of our servicemen and women to ring the closing bell at the new york stock exchange. he's starting to rally his troops as you can hear, which he has done a fabulous job of we're thinking of all of you thank you for your service great to have you here. let's get the results of our twitter question we have about ten minutes to go before the closing bell. are you thinking about buying nvidia, if you don't already own it two thirds say no. no, not after this big run 68%. 30% say yeah don't want to miss out perhaps on what might lie ahead. up next, costco and the gap reporting in a few moments we'll run you through the key metrics. that and much more when we take you inside the market zone

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e*trade from morgan stanley we're now in the close "closing bell" market zone victoria fernandez of cross mart global on which tech stock she prefers to nvidia. courtney ragan on the rush of retail earnings out in "overtime. mike i'm with you all a.i. all the time for better and for worse. >> it is and you see it in the disruptors and disrupted. intel down 5%. outside of a.i., potential move of selling cell service that dish is talking about. it has at&t down a few percent in the middle it's like it all

kind of cancels out into again a range bound index market you did see in the afternoon a sense out there that there is also up side risk in this market if overnight you get a debt deal, if there's a little bit of an exhale from all of this tension that we've been dealing with for a while who knows what the ultimate market impact of a debt deal is going to be over weeks or months there's a sense out there that the most of the market outside the a.i. plays have been resetting lower and kind of taking some of their pain and front loading it. >> shortest end of the curve. >> yeah. >> backing off a little bit. the one month and three month which has been among the parts of it, the epicenter really of fears and worries about possible default. >> it's where it's most visible. it's honestly about we don't want to have the headache of a missed payment to me it's kind of technical in that sense which is why all the comparisons to oh, you have these aaa rated corporate companies that can borrow at

lower rates short term than the u.s. government, it's a policy glitch hopefully and it doesn't kind of go beyond that yeah, at this point i think it's one more reason for people who are not really inclined to take huge risks ahead of an uncertain fed outlook, ahead of what we still think is a softening up in parts of the economy to take that risk. >> quiet 1% move higher near the s&p today when all the action has been about the nasdaq. >> nvidia is essentially all of it >> victoria fernandez, which stock do you prefer in technology other than nvidia >> yeah, so, scott, obviously no one's going to deny the great report from nvidia but it has made its valuation so rich two months ago it was trading at 72 times trailing now it's 175 trailing so we look at other names in the space like amd, that's a name that we own. that we would rather have based on the valuation that we're

seeing it's trading about half the valuation on next 12-month earnings versus nvidia it's not that we don't have nvidia in our portfolio, we do, in our large cap growth strategy, it's just an under weight for us. it feeds levels this is actually a period where if we had a neutral weight or over weight we would be trimming that the since we're not under weight, we're not trimming we're adding to meta a little bit as well trading it 30 times forward earnings i think you can have some other names that have a better valuation that still will gain some of the up side from the whole ai component. >> speaking of, if nothing else does this report from nvidia confirm the move in megacap tech, nvidia included? >> i'm a little cautious on this it has been such a big run the leadership is so narrow to just the small group of names. i have to think that at some point we're going to see that leadership either broaden out,

which means the names will probably come back a little bit, or we'll see a rotation in leadership with a pull back here for a short-term trade maybe you can get in and take advantage of some of these. again, look at valuations on to choose where to go, but i think we have to be cautious for a long-term run of this magnitude in these names. >> victoria, thank you victoria fernandez courtney ragan watching for retail in overtime what should we be watching out for? >> you know gap has been struggling under the weight of inventory missteps, consumers spending less on apparel comparable sales for gap, inc., down a little more than 2% old navy, banana republic down 4 and 5% respectively. it's been operating under an interim ceo since july of 2022 the shares have shed 1/3 of their value.

we do have pretty good insight into what that quarter is going to look like when we hear about it after the bell. sales strengthened in after march. the consumable products, more stable items those are stronger than discretionary higher goods. the costco shares have one of the highest ebitda multiples it's down half a percent since it last reported earnings. shares don't typically move a whole lot on the earnings. very important, very large retailer in the space. scott? >> courtney, thank you that's courtney ragan. mike, got to turn back to you. getting loud around here that's just fine with us >> sure. >> absolutely fine with us >> so nvidia the other part of this story is who hasn't taken advantage of this that's cathie wood at arc invest >> i think if nothing else, it shows you how difficult it was to kind of look out where the numbers went in terms of

earnings estimates you look at the sheer liquidation that the stock underwent last year and to say i'm going to remain firm about the long term. i said it yesterday after this report, you know, the fact that so many people are covering and owning this stock and wanting in the stock. the numbers were way too low and still the sell side had a revenue estimate for a quarter that's half over that's $4 billion off. it's hard to keep up with that level of fundamental acceleration, even if you're looking for nothing but technological disruptions. >> you need some water it's a little bit loud >> trying to scream over the crowd. >> you have a little sip we'll talk about what's happening here we're watching for a possible debt deal, perhaps, over the weekend. see if we have some relief in the bond market as a result of that the who knows really what the stock market's ultimate reaction is going to be some say it may be negative even if you get a deal. we're going to find out in short order. >> or maybe it's that this is one potential negative or crisis

that gets removed or deferred or whatever it is and we're still left with what we had before, which is an incredibly bifurcated market. lots of the market pricing in some sort of economic slowdown the rest of it very narrow if you look at the prior periods when you've had this type of radical outperformance by let's say half a dozen stocks relative to the average stock, you find some major goal up top like march of 2000 or summer of 2020, you'll also find some bear market lows when most stocks had really been obliterated and just got washed out in some kind of a crescendo. >> we're going to have to broaden out if this market is going to go anywhere. >> you broaden out by having more rerotation back towards small caps and financials or you get a final flush and then things can rebound together. it doesn't really help me to say it's one or the other. yeah, usually you're going to have convergence before very long

>> all right we're going to let the men and women of our military take us out today as we look ahead to that interview coming up in "overtime" with the secretary of the navy morgan is next. well, it's fleet week. you can see it there on wall street it powers the big gain in the nasdaq finished up 2 1/2% we're just getting started welcome to closing bell overtime we have another big hours on the way. retail, text marvell, autodesk, costco, rh, gap. >> you'll never know

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