welcome to "power lunch. alongside kelly evans, i'm jon fortt. coming up, a deal locked the judge shoots down the fcc's blocking of the merger what that means for microsoft. plus, 3m has been one of the biggest drags on the dow so far this year. the company facing litigation and potentially huge costs on a

couple of fronts, but is the bad news already priced in we'll ask an analyst upgrading the stock. kelly? >> thank you we see the dow leading the way up 228, s&p up 14, the nasdaq is green as it approaches a rebalance. it's up 28 points. we're also watching amazon prime day. it is slightly higher. it's up 52% this year. 'll have more on prime day and what it tells us about the consumer and the economy coming up. reuters reporting the reporting of wegovy patients stopped taking it within 12 months european regulators are looking into where ozempic is tied to suicidal shots. also, it's increased its

share buyback for a name that feels like a good barometer of the u.s. economy, jon. we begin with good news with microsoft and activision t judge denying the ftc's ruling this is over but not effectively. >> there's regulators who already rejected the deal that it looks like they're going to accept it. microsoft has made some sort of offer of divestiture what it is, we don't know. it could be done as soon as monday, jon. >> this is a vertical merge sneer exactly. >> microsoft is making argument it's a huge industry it's not in our interest to hold call of duty back from other platforms. >> it's financially irresponsible. >> true or not. >> exactly isaid to kelly last hour, the dollar and cents don't add up

and the ftc attempted to have a hard economist expert come in and prove the opposite, but in the judge's ruling, there's literally a whole section dedicated to this guy where she says basically fudge the numbers, and it does not add up, and what you're allegalleging, , is not going to happen and there's the issue about the cloud. they didn't even bother with this whole console market. they ended up dropping that. on the cloud, it's such an early platform, and by the nature of the way activision isn't even on any of these subscription services, they say, microsoft is fine they're such a small market, it's not going to be anti-competitive at all. a clear win least in the u.s. for microsoft. >> stick around. we're bringing in a former chairman, professor of law and policy at george washington

university law school. welcome back what does it mean? >> if you want to establish a new frontier of enforcement and accomplish durable change, you've got to win a critical mass of cases. this is the latest example of how the agency has failed in a very visible manner to extend the frontiers, and for the reason steven was just mentioning, the court rejected the commission's basic approach. it emphasized very strongly how the parties offered a suitable solution i think this understand scores how companies with some foresight can anticipate possible problems and off a fix will be able to get that argument in front of a judge, and judges will listen very sympathetically. >> bill, it seems to me this was a test case in lisa khan's biggest bad world, right, in the sense this was a vertical merger it was never a case where a company was getting big never

one particular space where it was already dominant does this just have significance for those who believe big is bad always what does this mean for the likes of adeby figure ma where it is a big company where it swallows a smaller rival >> i think you underscored a key point before it does open up the path for more vertical mergers to be accomplished this was a big priority to establish effective enforcement. it also was an effort to show that in what sometimes is called a tech ecosystem have a better chance of installing financial firms. i the wu saw it with meta and now with microsoft activism, they're going to be extremely hart to establish because the theory is speculative and the evidence is hard to gather or

it's really pushing the boundaries of what the courts have become comfortable with before so this really casts a shadow over the effort to crack down heavily on vertical transactions, nonhorizontal transactions, and to establish the suggestion that big tech firms will not be allowed to buy as freely as they did before. >> bill, it's steve. i have a question about amazon we know that's the ftc's next big target they're going to file a suit on amazon before the summer ends. how you do think this impacts the argument there >> i think it gives them confidence that if they mobilize sources, they have more than a fighting chance of success so the inability of the agency to prevail in these cases, i think, emboldens their opponents, giving them more confidence we can fight this

battle secondly, it looks at the theories of harm and they're not going to be backed up without evidence it involves behavior that arguably provides good things for consumers. so i think in general this probably gives amazon a greater sense of confidence that it can prevail in what challenge comes its way. >> bill, let me test out a concept for you. this is a big potential green light for ai companies, whether private or small public companies that have business in ai in the sense that there's no clear dominant player in that space yet and this opens up the possibility, that of alphabet, microsoft, that it could actually buy them because lina khan -- here theory here has been defamed. >> i think this opens the door

to those kinds of transactions that s itdom straights how hard litigation challenges are going to be hard to prove by litigation agencies. again, what we have very skillfully in this case and we've seen in others is the merging parties anticipate possible problems, they come forward with solutions so that a company that anticipates those problems offers the solutions and then is willing patiently to litigate the case to a close either in federal district court or elsewhere that they're going to have a good chance of succeeding because we've seen zbe and again judges are worried about the quality of the evidence, about speculation, about a future that's hard to predict. i think this gives companies greater assurance that they can succeed, especially if they're willing to identify potential trouble spots. even if the agencies don't like the solution, the judges are going to listen as the judge d did so clearly in this case. you were mentions passages that were important

notice how the judge attached a lot of significance to the commitments that microsoft ceo made in the courtroom where she re-creates the dialogue and says they have made a commitment under oath to provide access to these crucial gaming products. i take that that they're going to be e hav in a competitive manner in the future. >> interesting that it's basically gospel in action activision shares are still about 3.5 dollars below the deal. >> it's likely going to be related to the cloud because cma only focused on the cloud. i've been struggling to figure out since david reported that, what could they possibly divert that they could apiece others. clearly it's going to be small

and consequential. uk is the odd man out here, and the last thing the uk would want is for microsoft to sort of pull out of the country or carve out the country. just a bad look. remember when the cma first put out the decision rejecting the deem, what was the messaging >> uk is out of business no country wants that moniker out there. >> no, especially in as tough an economic situation it is already. this would seem as though they're probably more likely than not to play ball. >> exactly it looks like the fact that they paused that litigation and they're open to talking, it seems like there's some movement there. >> cloudgating is not a thing. have you ever used it? it's a horrible experience. >> it's a huge win for them over at microsoft 25 years ago microsoft didn't know how to win in court. >> true. >> now they do. >> mr. smith snows how to win in

court. you document want to mess with him. >> steve kovach, thank you very much and bill kovacic. coming up, the u.s. senate holding a hearing on pga and the liv golf merger. and amazon prime times how do they plan to win new subscribers while other retailers try to steal their thunder. 3 'em up oa lln buish call "power lunch" will be right back

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that's 1-800-217-3217. lunch. a key hearing. the pga tour defending the deal with the saudi-backed golf league, but the committee chair, senator richard blumenthal of connecticut, said the hearing is necessary to support saudi sports washing. >> it's fundamentally not about golf we're here because we're concerned about the pga tour's deal in terms of what it means for an authoritarian government to use its wealth to capture american institutions. >> here with us now to discuss the impact of that hearing and more, anthony coley, a cnbc

contributor. he most recently shared as public treasury. let's talk golf, saudi arabia. i mean, what drengz -- the fact that randall stephenson stepped down from the board of the pga from this is pretty damning. >> i have consulted a private sector on these types of m & a deal has have a washington effect to it i'm not convinced it gets over the finish line, certainly at least not any time soon. there are two things going on. first, it's not just richard blumenthal, the senator from connecticut. there's also bipartisan concern from everyone ranging from josh hawley to mitt romney, the more moderate attorney from utah. so there are a lot of things congress can do. they could consider revoking the

status, any number of thing. but the most important thing that happened today was this on-the-record admission from the tour that doj is looking at this deal we all thought that was the case "the wall street journal" and other outlets reported on this earlier. but i spent some time at doj as you noted, kelly these are folks who will be fair. >> here's what i'm confused about with their failed attempt to blog this mega business partnership. what is the basis by which the doj can get involved here. is it about anti-competitiveness or the saudi influence which seemed to be what blumenthal was excited about, you know what i mean what's the mechanism for which we're supposed to watch for them to block something >> i think it's more the return.

best buy, based on public reporting, we knew that the doj was already looking at the tour even before this proposed agreement came into the picture. >> right. >> it seems like it's one of those cases where the politicians get more out of hating the deal than killing it. >> yeah. >> yeah, i wit won't be the sam >> maybe so. this is why i mentioned mitt romney i would keep an eye on hmm and some of the more moderate republicans. >> do you think it's going to go through? does it look like it's pointing in that direction right now? >> so, it's certainly headed in that direction i still have some -- i don't see it happening, certainly not any time soon. i would pay particular attention

to what the doj and the antitrust division say everyone talks about it. he, of course, is somebody who cares a lot about antitrust law, but i would also point out at the highest levels of the justice department is the attorney general, and people don't realize he cares deeply about antitrust policy he wrote about it in college he taught antitrust, the law, as harvard law school he cares a lot about antitrust issues. >> this also raises the issue of foreign ownership of american assets we were talking about this when it qoms to real estate in florida a couple of weeks ago, and now china very much back in the spotlight with yellen's trip ending and perhaps relations with china and the u.s. being on a more stable footing. is that the right way to read

this china seemed really eager for yellen's trip to looked better. >> that's exactly right. the last time we talked about this, we last. the most important thing that happened with yellen's trip there is the lines of communication are open again with china when i was with the treasury department and the obama administration, we had open dialogue where every year either in beijing or washington, dc, the leaders of both of these countries would get together and talk about the biggest issues facing these two large economies. that hadn't happened since 2016, 2017 so on that score, yellen's trip was successful i suspect the other thing she did there in addition to raising some of the concerns that you just mentioned, i suspect she

probably gave her chinese counterparts a bit of a preview into what some of the details of this new policy about outbound investments are going to look like we talked about this last week, kelly, where we mentioned they would be narrowly tailored, where we believed they were goating to be targeted on centers specifically focused on the security interests of the united states. i suspect we're going to see something publicly before the end of the summer. >> really. is this something that would be expected or signaled ahead of time >> i think it's expected based on conversations i've had both with people inside the government, but also with people -- businesses -- you know, i worked for the private fund industry for a while they have been on the a receiving end, and they've had conversations with a lot of

hay-ranking government officials about what to expect with these rules. so i think this is going to come to -- we're going to know about the end relates. ahead on the show, parlaying a dangerous game we'll talk about what wagers are gaining in popularity. what you'll win if you play them we will discuss when "power lunch" returns

welcome back to "power lunch. let's have a look at the bond market where yields are falling ahead of the inflation report. from the chicago report, rick santelli, what have you got? >> it's really fascinating as traders prepare for the cpi followed by the producer section. if you look at the intraday three-year, $40 billion today. boy, investors couldn't get enough 3-years in fact, the dealers only took about 10% of that auction, which means the buffet table was completely devoured by

investors. look at that intro of 3. you can see it had a high yield cycle close to 4.75. it puts it more in a buy mode. if you add a 2-year in on that, jon fortt, you can see why the majorities have turned the interest rates slower because there was a failure of filo for two years and three years to take out the fall high yield closes which was huge in technicals you can see the 30-year bonds are on pace for the yield close above 4% we need to monitor that as the yield curve has changed. finally the dollar index with interest rates going down, you'd expect the dollar to be lower. indeed, it is delivery if you look at the chart, we're on pace for a two-month close.

back to you. >> thank you, rick let's turn to oil, which is about to close wti about 2% >> you look at what we were talking about, the weaker dollar that supports crude. we also had hope for more stimulus from china to jump start their recovery we also have new data that shows russian exports might be dropping since it held up, they thought it would have fallen off the cliff. and we got the latest short-term outlook and they slightly reduced the demand while slightly reducing the production so all of that supporting oil, but we've seen this before it ee been bouncing around this level for a while. whether or not it holds, we shall see. >> all right, pippa, thanks. now let's get to courtney

reagan for a cnbc news update. nato leaders agreed to let ukraine join the nato alliance, but not just now they said it reaffirms ukraine will eventually become as member and they agreed to remove a requirement that takes out one step of the process. before attending the summit, zelenskyy blasted out at them for not setting up a timetable. the biden administration announces a new plan under the proposal, families part of the child development care block program will be limited to paying no more than 7% of their income there will be a 45-day comment period the department of health and human services hope to make the change official by next spring. and taylor swift is too big for ticketmaster again thousands were locked out of the site because of technical issues when trying to secure tickets

for six shows in france. ticketmaster will announce a new on-time sale soon. i didn't get my tickets in the u.s. either, kelly. >> was it in mexico, if you didn't get a ticket, go over there and it will be cheaper >> i have heard the same in countries like vens as well she's a showstopper. i guess i'm just not going this year either. >> courtney, thank you. still ahead on "power lunch," the 3m triple threat bank of merge says the worst is predn ic iand now is the time to buy when "power lunch" comes back >> announcer: the bond report is brought to you by pimco, a global leader in fixed income. with voya, considering all your financial choices together... can help you be better prepared for unexpected events. voya. well planned. well invested. well protected. we planned well for retirement, but i wish we had

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welcome back to "power lunch. shares of 3m are trading high. they've faced multiple lawsuits with regard to faulty earplugs sold to the u.s. military and they made a deal over the group of chemicals produced found in water supplies the firm now sees several

near-term catalysts for the stocks joining us now is our next guest. andrew, good to see you. how much upside, really, might there be in a stock like this? >> sure. let me walk through our thesis and we can talk about the parts valuation. the thesis is that on june 22nd, m settled the first set of lawsuits related to pfas it was a big number but less than what the street expected. it was more comprehensive than the folks expected it's important because it allow use to figure out they have more lawsuits, but what you can do now is sort of try to estimate what the lawsuits related to pfas look like the second is we're also optimistic about the combat arms

settlement, which is the earplugs settlement. 3m is starting to settle, and chances of that settlement sometime in the second half are going up because i think the co is involved in it. what our analysis shows, there was a notable exception. once companies start to settle, stocks start to stashlize and eventually go up two more things operationally, 3m has had a tough time operationally, so we think things are getting better. we think going to that, the numbers look better. the key consumer electronics business is now bottoming, and finally the company is spinning out its health care business roughly a third of the company so that's going to happen toward the end of the year, early next year that's a big chunk of the company, and a we think it's

revalued to a more normalized value. >> you look at the chart it's bad, right? it hasn't been where it is in more than ten years. so how much is trying to catch the bottom how much rebuilding is there to do to get this back to where it was? let me see the peak was way back in early 2018, i think. >> yeah. so we actually -- we downgraded the stock back in, i think, 2021, so the thing is the company itself is still healthy, right? they still have best in class product. the engineering talent is still there. but we think the lawsuits have taken a ton of bandwidth away from the management. so it's not particularly challenging. the issue is the reason it's in neutral is because the number of

lawsuits are parts of it they settled for $10 billion so we're thinking there's another $40 billion in settlements. we think there's an upside to this they could settle for less i said the most important thing if you look at history, once companies start settling, right, you can start figuring out what the number is, and it's the uncertainty that the market helps. now, would we like to get more visibility on how much these things settle for? yes. would you like to see better execution? yes. >> what about structure here are there more things? this is a very complicated company. it does a lot of things. are more things likely to spin out as the turnaround attempts here continue as they navigate through these legal waters, or are they even likely to perhaps get inquisitive in a way that could depress the stock price?

>> yeah. they're not going to get inquisitive. ite going eat up a lot of companies' cash flow they don't have to raise cash flo, but over the anyone kblou knoyou know, 3m is a very interesting company. you can't separate health care because of the value streams from a regulatory framework have to be separate 3m is not a company you can easily break up. >> andrew, 3m is always an industrial, and industrials are at an all-time high. what does that tell you? >> look. there was a tug-of-war between near term slodown, but i think fundamentally what the market is believing is there is this industrial renaissance, and near term, there probably are head winlds, but long term the market is buying into the thigh sis

that, look, the head of manufacturing is back and we're probably going to face the best capex cycle on our sidelines. >> is that padded into the stocks >> we're trying to balance near term versus long term, which can be tricky. if you have a long-term proversion no. >> obviously stocks don't go straight up unless they're ai stocks for a short period of time. >> thank you. amazon prime day is officially under way others will be looking to go against it we'll discuss on the other side of this break. life is for living. let's partner for all of it. i'm so glad we did this. edward jones

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amazon shares are up as amazon prime days kicks off. it's hardly alone in offering steep discounts.

tar got and walmart are trying to cash in on the day amazon invented i guess you're required to call it lseg not to be con fueled with lsap. amazon is in it to grow prime subs why are others participating prime day and discounting merchandise? do we have inventory issues? do they not want to lose market share? what's the game? >> it comes down to the scale and exposure and the ability to gain new shoppers and make them become repeat loyal customers. in ters of dollar revenue, while amazon is the one that has the highest amount, last quarter they reported a 15% growth and outside they're expected to grow 10.2% for the current quarter. that's much stronger than

costco's 6.1 and walmart's 2.1% growth as you can see, amazon has been doing a really good job of maintaining that revenue level overall it's about the scale t exposure, and trying to gain the new shoppers. >> it seems that the game has changed somewhat that retailers are focused on the cost of loyalty, right free shipping, there are many conditions on that if you're shopping at costco, they want to check your card, et cetera are certain perhaps retail in danger of giving away too much and hurting margins? >> exactly even amazon could be argueden. when you look at third operating margin, that's only 2.5% that's where a lot comes in. you look at the structure of aws and e-commerce together. the ceo has said it himself. it comes down to the value of what they're learning about the

don super. if you think about it, amazon is sitting on massive amounts of data if you combine that with the future market expectations for tech and ai, now, that can explain the 7% which is four times the industry standard. so although amazon might have been a pandemic darling and the stock might have taken a hit last year. >> that's impressive. >> the others would be the competitors within the industry, but not necessarily a retailer when it comes to this week and when we look at the retailers, the one to really watch is walmart. that's the one the analysts are the most bullish on, the reason being the convenience and volley

for position, which is what the consumers want and regardless of the member's income, they believe a lot of people want that and they still have room to grow in fact, out of the three, target, walmart, and amazon, walmart has the most 17.5% for the current quarter. because of that, analysts are bullish that they'll not only beat earnings estimates but be a surprise. >> walmart is getting more consumers per grocery when people are looking for deals how much can they afford to give away on amazon's prime day, we'll see. >> absolutely. thanks so much we appreciate it newell brands one of the best performers after being initiated. they say better days are ahead we're trading calls of the day

in ""three stock lunch"" next. >> announcer: tech check is sponsored by comcast business. powering possibilities 76% of 23andme health customers surveyed reported taking healthier actions. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. i remember being on aau trips, high school games. my mom would always say, "you need to fuel the body and you need salt." i'm like, "why do i need salt? like,

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welcome back to "power lunch. i'm kristina partsinevelos they're looking to clear broadcom's $61 billion adware. the ceo promised the investors uld would pass by year end and now they're saying eu antitrust regulators are planning just that, but that doesn't mean it's completely in the clear. the uk plus u.s. regulators are still investigating whether it would lead to weaker competition and drive up the cost of computer parts and software. keep in mind they bought them back in may 2022 as part of a push to move it into a chip computing company. broadcom is down ever so slightly kelly? >> indeed. kristina, thanks kristina partsinevelos. let's move on now to "three stock lunch," taking a look at some of the biggest calls.

we'll start with jpmorgan's jeffries upgrade they're giving it a strong earn potential. up 10% this year we have the ceo and cio. she's got her trades sylvia, how can you not be a buyer of jpm >> hi, kelly great point. they boosted their outlook by 11%. jpmorgan is very much the fortress of banks. they've opened up more accounts than they ever half because of all the bank issues they had especially they stored up regulatory issues and banks falling. their net revenue southbound 40% year over year, and i think that, you know, when we think about diversified portfolios and

if you benefitted there and you're looking to broaden out the scope, this is kind of that quality name we're talking about. >> what about zillow surging more than 10% after piper sandler upgraded the stock to overweight from neutral, liking thefrom neutral, zullo, of more than 60%, this year. does the stock have more room to grow? are higher interest rates going to pose a problem? >> this is a super interesting stock. i think, if you look back to 2021, their biggest revenue generator crashed and had to reorganize the whole company. everything sort of fell apart and that made for a better picture come here. what zullo is doing, then i'm going to invest in ai, so they will have these interactive types of scenarios, where you can virtually visit a home, you can work with chet gpt to ask

questions about that home, so i think it will better the home purchasing experience. closer toward the end of rate hikes, we hope things start to come down, and everything becomes steadier but you still have a supply issue. i do think that zillow has room to run. >> can accord says it is a buy, the stock has had an ugly run, down 25%. the argument is that better days are ahead for the consumer goods company, but do you agree? >> this wasn't at the top of my list but when i looked into the company a bit more, it seems that the management understands what issues are and they are looking to resolve them. they have fixed issues with their supply team and laid off unnecessary workforce. but have sort of figured out that, you know, you are better

off focusing on rubbermaid and sharpie and things like that, they are bringing in 25% of the revenue for the brand, rather than trying to have this do it all mentality. we will have to see how that plays out in earnings. the stock is 50% off its all time high, the school year is starting, so it is something interesting to look at, but i think that this will play out over the course of the year. >> it would be quite the turnaround story. thank you for your time today, weighing in on stocks. >> sometimes the leftovers are still good. still ahead, parlaying the odds. sports bettors are losing more often as they chase riskier or bkse that is helping onlin sptsoo chase the fast track to profit ability. we have that and more stories to get to when we come right back.

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you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire just five minutes left in the show, more stories you need to know. let's get right to it but we just talked about amazon prime day, the home of two day shipping for prime members but some of the big retailers said they were raising spending thresholds for free shipping, as delivery cost surge. 41% of retailers listed shipping costs as their biggest challenge in 2022, according to an industry survey, often costing 10% or more of an online orders total value.

the average free shipping requirement is necessary four dollars, compared to 52 from 2019, according to - >> do we still know if the business model works? how many years has it been? how much disruption has it caused? it reminds me of uber. it is like a, after all this time, are they finally getting it to work? we are still trying to answer that for online retailers. >> the advantage is, i guess, if your shipping is more efficient than competitors, it cost to less. from where the item is to where you need to get it, the distance is shorter which is why amazon has been working so hard at smaller warehouses closer to people's homes. >> returns are still a huge issue we are grappling with. it still feels like we are in the early days of this. could concerts make inflation worse? beyonci■ taylor swift, harry styles are aking huge amounts on recent tours but high ticket prices are driving up everything , including salaries for venue workers. >> yes, good. right?

none of this is stuff that you have to buy, for the most part. people want to o live their life, get your discounts on prime day, now, so you can spend that money. >> it's not driving inflation, it is moving the money around. >> giving it to taylor and ticketmaster. >> giving it to the workers who support taylor, okay? or whoever your preferred artist is. >> it's not just merchants getting hit with higher shipping costs. it just got more expensive to send a letter, too. hiking from $0.03, to $0.66 in the past week. that is the highest price increase, in the past year, which the postal service says is to help offset inflation. when was the last time you bought stamps? >> i send out christmas cards. there are about 130 people on this list at times and 66, is that almost $100 in postage costs? let alone whatever minted charges for the rest of it. i don't know. it feels like there is so little traditional mail sent anymore, but that when the cost of it

approaches one dollar per letter, you start to think about -- you start to think twice about it. >> but, you are going to go see taylor swift. >> i am not. i am saving my money for christmas cards. >> adding more people to the list this year. shares of draft kings are up 110% this year and the big reason is that the people who are betting cannot resist parlays but people think they will get bigger payouts but they lose more often. that is why draft kings is doing so well. contessa brewer has more details. you think they will wise up? >> they like it. they like walking away with more money when and if they win, but draft kings prospects for turning a profit are increasing because of, among many other reasons, parlay bets. increasingly popular across sports betting, we have seen the amount of wagers devoted to

parlays increase, because parlays wager on a series of outcomes in a to do and if they do they walk away with more money. sports books like it, of course, because they are more profitable wagers. bank analyst carlos sent a rally said that he believes parlays are a big reason that draft kings has improved its hold, or the percentage the company makes off of every dollar wagered. draft kings is outperforming the broader industry when it comes to improvement in hold. so, you are seeing some of the drivers behind why draft kings things it will be profitable by the end of the year. we just heard from jeffrey's analyst that could be a breakeven second quarter when they report earnings. we will have to watch that and see. >> to love the options market. >> do you ever parlay? >> i never bet. >> i don't either. john and i are single handedly trying to destroy the entire business of sports betting and

draft kings and all the rest. >> you're not going to do it. you cannot dissuade the fanatics out there. >> no you cannot. >> that is so right. >> it doesn't matter how much money they lose. >> thank you, contessa. programming note, nfl commissioner roger goodell will join us in an exclusive commissioning interview from the sun valley conference. we will talk about sports betting and tv rights and so much more at 4:00 p.m. eastern. closing bell starts right now. >> kelly, thank you so much. i'm scott walker. this break our begins with a count down to tomorrow's inflation reports. your final stretch to get ahead of that, and what it means to this rally. we ask two guests that critical question. in the meantime, here is your scorecard with 20 minutes to go in regulation. the dow getting a boost today from industrial names like 3m and ingersoll-rand, and boeing, which posted strong delivery members. the etf tracking industrials, by the way, hitting a new all-time high today. salesforce is helping