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 would always be the kid not cramping, ready to go. fast forward 20 years and i go from eating salt out of my palm to drinking lmnt. welcome to "power lunch," everybody. alongside kelly evans if she would assume her position correctly in time, i'm tyler mathisen she's there. stocks once again higher today the dow heading for six straight days of gains, five for the s&p 500 and nasdaq perfect scenario seems to be playing out with inflation subsiding a bit, maybe enough to keep the fed on the sidelines. plus, we've got hollywood's bad signs, the strike raging on no writers, no actors and a crucial

stretch for box office starts off with disappointing numbers for "mission impossible. seems like everyone is counting on barbie. >> indeed they are thank you very much, tyler the dow up 75 points, the s&p is up to 4521 and the nasdaq having a strong session up 116 points russell small caps are doing nicely as well flip side, weighing down the dow in particular, are the telco stocks, at&t down 6.5% to a fresh 30-year low today. downgraded the stock to neutral all concerned about the risk for lead and capable and elsewhere big moves to biotech, drugs for neurological disorder, met its goal in a trial. genx shares up 26% bridge bio, after its drug reduced deaths after a patient with a heart condition positive results for a trial for its treatment for alzheimer's,

only a 5% pop. >> stocks continuing their winning ways as you aptly pointed out. but is this recent wave of optimism starting to get just a bit overdone mike santoli joins us from the new york stock exchange. welcome. good to see you. it has been a nice little run, a sprint really, for stocks lately can it hold? >> well, i do think it's, first of all, the correct question to start asking, the s&p up 25% from the lows and we've had another acceleration upside in the rally from the nasdaq 100, so the leaders are starting to look a little bit stretched relative to their trend and had this tight public embrace, reg re recently of the scenario that seemed to tip people in the direction of assuming that might be the likely path from here went from being a long shot case before, this market has fed off of persist the skepticism against that case, and persistent caution in

positioning. everything i'm looking at, sentiment surveys, professional and individual positioning towards equities and the chat on the speculative move suggests that it's rising but maybe isn't that extreme this is normal behavior, however it looks very, very balanced in terms of the outlook from here in other words, it's going to take genuine incremental good news to get this market going up and staying up as opposed to just sort of feeding off that negativity that we had coming into this year. >> you had incremental good news on the inflation number, right, mike >> we absolutely did i think the way i would view it is, is the market it will has been expressing more comfort with the disinflation story all year and with the fact that fed is going slow and in small moves and now seems like the public, the mood is lining up with what the market has been saying, not to say everybody is late to it, because the market doesn't all of a sudden punish everybody for

getting comfortable right away, but i think that's the thing to keep in mind, that the market has been in that mode for a while. >> mike, stay with us. our next guest also striking a bit of an optimistic tone on the market saying inflation data should reassure for the next few months but does worry about slowing corporate earnings this year, among other things bring in chief equity strategist and fort follow manager. >> mai. >> i didn't know whether it was a word or acronym. >> what does it stand for? >> it stands for all good things come to those who wait. >> all right that sounds fine let's it talk about how you see the market now i know you're encouraged by the inflation numbers, but you're also a little bit apprehensive, shall i put it, about the fact that interest rates have risen the fastest in 40 years and the yield curve has been and remains inverted these are typically very difficult things for a bull market to overcome. >> right i'm getting a little inpatient

with the goldilocks metaphor it's overplayed -- >> get her out of here. >> the porridge is fine right now, but in a little while, it will get cold. >> yeah. >> what i mean by saying is that right now the bulls and bears both agree that higher rates will lower inflation what happens next? what happens when the porridge cools? will we avoid a recession and to say we're going to avoid a recession and be a bull here you have to think that the fastest and highest interest rate hikes in 40 years won't cause a recession. i think that's a difficult thing to make historically i don't want to be on the wrong side of the bet. >> you have the a.i. boom that is lifting a lot of technology stocks there is going to be investment by companies that are not in technology, in technology. >> right. >> to prepare for the a.i.

booms. you have a strong consumer economy as well. housing is doing okay. so there are a lot of things that would argue that boy, if there is a recession, i don't see it right now, and a lot of people have been talking about it for a year and a half - >> a year and a half is a magic number that's how long it takes for the interest rate hikes to grab on the curve has been inverted for about nine months. i would say six further months down the road, you're going to see corporate earnings slowing you'll seeing housing starts to slow down as the mortgage fights and folks are holding their houses off the market because they don't want to sell and double their money. >> why would you sell and take a 7% mortgage and pay more for the next house you own >> right now i'm not saying the inflation numbers will get worse i think they'll continue to improve and that's going to void the market for two, three, four months that's an exciting time to invest that's good. the problem, it doesn't end

there. there's a second half to that story. i ask investors to be aware of that. >> we know you like being in areas, i don't know if the word is contrarian or -- but we talked about the home builders stock when they were trading at 2 1/2 times a year ago or whatever that was. i look at your list and see disney. >> right. >> and i think this is not a stock that many people want to talk positively about. >> no. right. >> but you own it and you're talking about, you know, the media names and what's the play here >> it's funny. it's kind of the flip side of the goldilocks scenario. disney, everything is going wrong for disney it's streaming, it's the parks are slowing, everything is going wrong. that's exactly the time you want to buy a great company, if you think it still has a great future. >> how do you know if it still has a great future >> if you're not going to bet on disney who are you going to bet on there are also ones that will have trouble the stock goes down and down, it starts to get interesting if you have a 3 to 5-year look.

>> meaning it doesn't have to be about disney, but maybe there are other media stocks like the whole -- if you think the whole space is interesting or is there only a certain area -- >> i think a good analyst would be sharpening his or her pencil and figuring out where to picture. i think it's going to get worse. the strike will last a while i think like tyler was saying, a.i. is changing the world and money is going to go to places we don't expect yet, snel places like eb entertainment. so because they don't know how it's going to sort out, the executives are going to wait they can't offer a good enough price for the actors and writers because they don't know what revenue isgoing to be like it's going to be a tough sell. >> there are lots of thorny issues surrounding a.i. and the writer and performer contracts i mean, it is really gnarly and how those folks are going to get long term compensation. >> right. >> out of the projects they work on mike santoli, let me come back to you and get your reaction to

the conversation we've been having here, but specifically chris is worried about a corporate profit slowdown that may evenwait within six months what are you hearing about that? what do you think of that hypothesis >> first of all, if the middle of a year the idea that following year's earnings forecast are probably starting a little bit too high and have downside is not necessarily unique so that's typically the pattern. i think we're in a funny spot right now because based on consensus the current quarter, the one we're getting results from right now is supposed to be the trough based on year over year decline, and it kind of inches up from here. i think if that's the scenario, even if next year looks a little bit too high f they're moving in the right direction, probably the market can make its peace with that. it's going to be extremely kind of lumpy in terms of where the earnings growth is coming from market clearly is rewarding earnings reliability that to me is what the big nasdaq trade is about, aside

from just a.i., plus the fact that they have the best balance sheet. i think there's a way around it. without a doubt, with stocks at these levels, it's time to actually sort of stress test each one for achievability of earnings. >> mike santoli, thanks very much chris, thank you as well. >> good to be with you. >> thinking about dominos the other day as well. >> looking pretty good. >> senator elizabeth warren sending a letter to the sec to investigate tesla, and its board of di of directors another negative impact to tesla shareholders related to ceo elon musk's twitter takeover. specifically highlighting the tesla board's appearing lack of independence from musk let's bring in laura to discuss. how serious are the allegations? >> thank you for having me this is really serious senator warren sits on the most powerful committee that oversees the s.e.c. and you don't usually hear a senator calling out an individual company by name and

seeking an investigation by a federal agency these are serious allegations and it's an unusual request. >> that said, would it be weird if i said if it's coming from -- does victim a sense of political or ideological battle to it that you think could help tesla or twitter defend or musk defend himself? >> it's funny, this isn't particularly striking me as political because it's wonky it's about the tesla board of directors and whether they've given shareholders all the information they need to understand how tesla lent employees to twitter, how that worked out, what kind of cost it may have, you know, incurred to tesla and so on and so forth it's -- i understand the point, but i don't know i don't know if this is just political. although they have taken jabs at each other through the years. >> laura, let me ask you what senator warren specifically alleges tesla or musk may have

done that is injurious to tesla shareholders what is she saying he's done or is she saying this could happen these conflicts of interest might take place in the advertising area if twitter starts to advertise and discount ads for competitors to tesla thereby disadvantaging tesla what is she alleging he has done >> she referred to cnbc reporting in which we learned from twitter and tesla employees that elon musk borrowed effectively, you know, trusted inner circle tesla employees to help him with the twitter takeover that's a distraction how much doesit hold a company back on full self-driving technology, still at a level to advance cruise control state of existence fer vus being a full robo taxi while way mo and

ot -- wee mo and - >> hold on just a minute twitter is not in the autonomous driving business in any way. >> right. >> why would -- why would he, for example, be raiding and thereby disadvantaging tesla's autonomous driving unit by using some of their employees to help him with twitter and number two, isn't he the ceo of tesla who, therefore, has a fairly broad brief to deploy employees as he sees fit >> right and that's something that tesla needs to answer to she's asking the sec to insure that shareholders have all the information they need and, you know, about basically related party transactions she's saying the board has not been transparent about this, and she's also talking through, you know, not just dis closures, but also a question of, why should, you know, tesla resources be

available to twitter these are ostensibly different industries, social media and automotive. >> laura, i was struck by the report just the other day that they were looking into musk's use of i think company funds, with the glass house what was the case there? >> that was a really interesting story. that wasn't related to twitter per se. >> right. >> but basically, late last year one of this higher ups sort of chief of staff type moved from tesla over to spacex after there was a probe into the way in which glass was ordered for the tesla giga factory in texas. their newest u.s. vehicle assembly plant, huge operation, and new details emerge in the "wall street journal" about a week or two ago that said elon musk had his people pabuying gls for what could be an apple cubesque structure that may have been for personal purposes internal audits reported and

she's got questions about that she's referenced that and wants to understand and the board to be transparent and makes sure that the board is making sure to keep elon musk in check. they tend to be very deferential in support of his vision, but are they doing the job on behalf of the company and shareholders when they might need to clash with and reign him in. >> yeah. laura, thanks for your reporting and bringing the story us to we appreciate it still ahead, wall street executives are making bets against donald trump for the 2024 election that helped donor rolls for ron desantis the recent funding numbers for the governor show troubling signs for his campaign the details next. the u.s. bracing for more record-setting heat. can the grid handle the pressure

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welcome back a wave of executives in the finance sector made early donations to donald trump's

primary opponents in the second quarter, but with ron desantis' $20 billion in fundraising, he could be facing some issues. cnbc.com political finance reporter brian schwartz is here to discuss there's been a lot of talk lately about where ron desantis' campaign is going. >> you're right. he burned through a lot of cash in the last quarter and there's this question mark now from people who are raising money for him, for his campaign, and this is growing questions as to where exactly is ron desantis' campaign going right now he's still behind dupe by dozens of points in the polls and, you know, there's some other questions as to exactly what is the message that ron desantis is giving to gop primary voters that again, the point of what some of these donors are giving to him originally, the idea that desantis was going to be this candidate who could defeat trump in the primary and go off and really take on and win in general election likely against president joe biden. there's real question marks to if he's going to be that guy by very wealthy financiers we have

done reporting on and looked at kind of what the issues they have here with this campaign so it's a question of, are these donors going to keep raising money for him at the rate they did in the last quarter and if they're not, where exactly are they going to go who are the other candidates they're going to be looking at in the course? >> the big issue for desantis and all other challengers to former president trump is the enthusiasm gap. >> right. >> it's not there. the enthusiasm is just not there. i read a very interesting article by a writer named david french it's not just that donald trump taps into a roiling discontent and anger in the electorate, but that he triggers a joy among certain followers of his.

that joy factor is not there with desantis or any of the others really. >> you might be right on that. that article might be true in terms of the enthusiasm gap, what you're getting at here, gop primary base voters for the other candidates that are not named trump, and that's -- you're probably right. that is likely an issue here that other candidates are facing if you look at the events that donald trump has gone to over the last few weeks the crowds are frankly much bigger, than ron desantis and the other opponents. there's more enthusiasm out there for the gop primary voter and wall street donors who are scrambling, a lot of wealthy people who lean the gop side of the aisle, what do we do we thought it would be desantis and who is it going to be? desantis is like 40 points back in the polls and the next person back from him is vivek ram swameny with like 8%

where is this going to go if you're a wealthy donor while the gop primary base is cheering on donald trump, which is what you need to win these things and what do you do you expect a fuller turnout in a primary and caucus state i don't know but there is real searching being done right now for an alternative. >> i was struck by how much tim scott has raised, $21 million, substantial amount where is that coming from and tell you >> that's a great question it's interesting you bring that up there has been a lot of chatter really since the end of this last quarter about tim scott that i've heard of, and it's been this idea maybe he could be that guy that can rise up in the polls and be that alternative from a wealthier people to support and rally around if you look at where the money is going now, it's spread out all over the place money going to desantis, big money going to nikki haley, some big money to tim scott, chris christie, vikram rama swameny.

this thought process maybe there should be a rally around tim scott. you could see that in the next quarter or so, but he still has a long way to go to get back up in those it is still early in the race. you have to see some sort of movement by him and look, a lot of people like him i think donald trump in way likes him, right you don't see a lot of attacks from donald trump against tim scott. maybe down the road as a vp play that he could go down. we don't know yet. he's still somebody that wealthy donors are looking at going maybe this is somebody we can get behind instead of ron desantis in the next quarter. >> we'll see could be a big swing i don't think he's gotten a nickname that has to be a good sign thanks. >> i think you're right. we have a market flash on fedex and frank holland has it hi, frank. >> hey, tyler, fedex announcing it appointed a new cfo for the company. the previous cfo announced he would resign at the end of july last month the new is john detrick, former

executive officer at atlas air worldwide. he will become cfo august 1st. this is meaningful because fedex is in the middle of a transformation operationally and financially. next year the company plans to combine it these business units, es press, ground and freight into one company, transforming the operations of the company. the company is in the middle of a financial transformation aiming to save $4 billion by 2025 the announcement of the new cfo part of that transformation process. shares of fedex not moving on the news but fedex announcing a new cfo, formerly the ceo of atlas air worldwide replacing the current cfo who announced h will resign. he will stay on as an adviser. >> thank you very much coming up, hollywood's impossible mission, a lot riding on this box office "barbie," "oppenheimer," "mission: impossible" could make or break the industry.

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shape tomorrow today.

. despite all the hype around the box office trifecta,

"mission: impossible," "barbie," "oppenheimer" tom cruise's action staple failing to live up to expectations and fear the damage of a prolonged strike could already be emerging. julia boorstin joins us with the latest on hollywood's several issues julia? >> well, tyler, i'm here outside of paramount studios in hollywood and no sign of progress towards compromise from the studios or the actors guild on issues, including payments from streaming services as well as the use of a.i. and now sources are telling me this strike will be measured not in terms of months -- not in terms of weeks but in terms of months. with the impact of the writers strike estimated at $4 billion by the milken institute if the strike lasts 30 to 60 days, it will cost more if it lasts longer all of this comes as paramount's "mission: impossible" grossed

$80 million in the u.s. and canada in the first five days in theaters that's about $10 million less than some optimistic industry projections. not only was it $300 million budget inflated by covid cost but production of the sequel was shut down because of these strikes. and while all of the media giants will be impacted paramount may be under more pressure than larger rivals because it does not have the diversification of theme parks warner brothers discovery could benefit from the focus on reality tv and netflix could benefit from its international exposure as well as its backlog of shows which it can release at its own cadence. credit suisse saying, quote, the strikes play to netflix's strength, longer pipelines of originals ready to go and a greater portion of its content manufactured overseas outside of the purview of the hollywood union. so now we're waiting to see what netflix says about the strike's impact when it reports its

quarterly earnings those are coming up on wednesday afternoon. tyler? >> it's not as though, julia, hollywood hasn't had a couple rough years with the pandemic. and now this so what are the studios likely to do with respect to either movie releases or production of television series, of which there are fewer by the way, but regular linear television series how are they going to fill the holes? >> here's the thing with movies, shot years in advance in post production for years before they'remarketed and put into theaters it will be some time before we see an impact on movie releases because so many films that are going to be released have completed production i think we'll see more of an impact in terms of television where the impact will be felt first because the fall tv season is a big deal for the broadcast networks in particular and we've seen those productions impacted

by the writers strike. so the question is for the fall tv season whether we see shorter seasons, maybe some of the shows will come out with six episodes if they finish production on six episodes in the spring, but the writers strike started in early may or whether we see a big emphasis on reality tv and sports this fall season because those are not impacted by the strike we see the new seasons launch of the new year after a strike is resolved and able to get up and going on production again. >> what about, quickly, the award shows like the emmys >> here's the thing, if you are a member of the wta or the screen actors guild, you are not allowed to participate in promotion, no red carpets and no participating in awards shows. we'll see if the emmys is canceled, some sort of version of it where they give out the awards without people on the red carpet because you're not going to see the stars on the red carpet if the strike is ongoing

when the show is happening. >> jewel yashgs thanks very much julia boorstin reporting outside of paramount pictures. to courtney reagan for a news update. >> hi, tyler here is your news update this afternoon. wheat, corn and soybean prices are rising after russia said it is ending the black sea deal the deal limits the country's full cache of its grain and fertilizer the deal has reignited fears about global food security. ritchie torres planning to introduce a resolution to censure george santos, facing a 13 count federal indictment including money laundering and making false statements. the censure vote is like throw fail in the house. a pod of 55 pilot whales died in scotland during the worst mass stranding in the area rescuers attempted to refloat two of the active whales that were low in the water, but decided the remaining whales should be euthanized

the pod may have followed a female whale on to the beach while giving birth back over to you. >> thank you. >> still to come, oil slipping on those weak gdp numbers out of china after weeks of gains the energy sector facing another issue of record heat we have more on that there are some things that go better... together. like your workplace benefits... and retirement savings. with voya, considering all your financial choices together... can help you be better prepared for unexpected events. voya. well planned. well invested. well protected.

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. welcome back to "power lunch," everybody. 128 degrees in death valley one of the hottest readings ever recorded in the united states and millions across the country and really across the globe are bracing for even more record temperatures this week with all those air conditioners cranking, can the electric grid keep up. pippa stevens has the details. i just care what works in my house, all right. >> hopefully it's still working in your house. so far we haven't seen widespread power outages but as the heat wave continues more than 100 million americans are under some sort of heat advisory that stresses the electric grid because it can lead to huge spikes in demand and the north american electric ri reliability corporation risks americans are

at shortfalls as temperatures soar 70% of the transmission lines are more than 25 years old and with demand slated to grow 30% by the end of the decade a lot of investment needs to be made to keep the grid functioning given the complexity of the projects, lots of companies are involved, including transmission lines. ubs reiterated its buy rating on the stock saying electric grid investment is entering a new phase of growth. also constructs construction lines while eaten work on power distribution there are companies like aspen tech which make software solutions specifically for utility companies, but honestly the takeaway is stay inside, it is hot. >> going to keep going. >> yeah. >> it's really not just the u.s. phenomenon i was hearing there have been temperatures in western china that i believe topped 130 degrees. >> yeah. china and europe as well. >> europe. >> we're seeing places where they didn't have things like air

conditioners, where now people are getting it now every second ten new acs are bought think about the pacific northwest up 117 two years ago. >> yeah. >> that shift in consumer behavior which then adds to more stress of the electric grid. >> thank you very much oil slipping on weaker than expected china data, and it comes after three straight weeks of gains and despite today's declines our next guest sees upside senior energy economist at goldm goldman sachs. welcome. >> thanks for having me. >> where to begin, it was bad but getting better and what does the rally from the last three weeks tell you >> we're starting to put something together here. >> yeah. so we're still up 10% in terms of brent wti prices from the late june lows, and we think three factors have contributed to the rally first then and the most important is really evident of

strength and physical market is return to deficits that we have been waiting for for a while, inventory draw downs second the macro data are helping as well. we had a reduction in u.s. recession risk and the associated decline in interests and the dollar and finally, i do think that news about reductions in russian supply are contributing to the pick up in prices. we expect the deficits to deepen in the third quarter averaging a large 1.8 million barrels per day, we should push brent prices up to $86 per barrel by december of this year. >> so has anything changed from the beginning of the year when, you know -- i remember talking to jeff and him saying look the supply destocking has been so much bigger than anybody anticipated. is that headwind gone and markets are back to something more resembling balance? >> yeah.

so the significant sell-off in the second half of last year and first half of this year we think largely reflected supply side beats stronger than expected supply, in especially the sanctioned economies but also svr releases, on top of the largely -- the large negative impacts from higher interests on demand increased opportunity costs of holding oil. we think most of those bearish supply side factors are turning, the svr is getting refilled. we're now seeing signs of declining russia production and, you know, the goldman research view is that the fed is going to deliver its last rate hike of the cycle next wednesday a lot of these headwinds are fading and we think markets will be focused on the large deficits that we expect in the third quarter and in the fourth quarter reflecting solid demand.

all demand has been more resilient than widely received and ongoing opec cuts similarly from saudi arabia. >> so sum it up for me the main catalyst that will take oil prices in the high 80s in west texas and low 90s on brent is what? what is the catalyst >> evidence of deficits, which means that inventories are going to draw down which makes oil scarcer and should put pressure on stretch why do we expect deficits? because demand is still rising actually we believe that in july this month we're seeing an all-time high for global demand levels and, you know, that reflects a global service economy is on a healthy footing. early this month we had the largest number of global commercial flights ever on record it slowed as a global goods sector even there we're seeing

stabilization. if we are right, the global service sector continues to expand and gdp drives 70% of global oil demand that in combination with opec should lead to a draw down and to rising oil prices. >> thank you very much goldman sachs, thank you. >> research initiating coverage of a dozen stocks in boom saying a.i. halo effect will lift the broader tech sector. we'll speak to the analyst behind that call when "power lunch" returns

welcome back to "power lunch." the magnificent seven surging this year on the back of an a.i. craze, the tech stocks nearly doubling compared to a 7% gain in the s&p equal weighted index. our next guest thinks generative a.i. should keep pushing these tech names higher but has a hold on one key mega cap in the space. let's bring in ben, the research managing director. ben, welcome good to have you with us i see you among the choices you have put buys on in the various

stocks are three that sort of surprise me. one is intel, two is cisco, three is ibm why do you call them buys, but google, amd, oracle, among others, holds? >> well, nice to be with you, tyler. it's been a while and great to be back. i think that there is a halo effect that's going to take place where right now we're in a big training phase of a.i., where nvidia is taking an outsized gain of the market and we are very positive on nvidia and think they're going to benefit from all stages of a.i but what is going to happen in our opinion, is that a lot of the spending is going to shift towards the enterprise where enterprise companies want to tap their data into trained models and use those for applications for the enterprise where they can do inferencing as well, and we think thatthere's a halo effect that will take place on other names. for example, ibm, what we think is near term we're not looking

for much upside, but as we get into 2024 a lot of companies are going to want to know what models they want to pick for training, how they want to do it, how they want to compare their data this is tough stuff. ibm consulting for highly regulated industries is going to probable do a little better as these companies need help. cisco, as enterprises spend on a.i., look to get insights from application will need networking and we think that expectations for cisco are super low, 12 or 13 times earnings, and for intel, we think pakics and servs can benefit as well if there's a pc channel fill. laptops echoing the demand of 2020 right now and into next year so i wouldn't be surprised if pc data points start to look better and intel's prime beneficiary. >> why specifically are you hesitant on google or holding back on it >> well, we still have upside to

our target and like google a couple things about google, their cloud is doing great but they actually have the lowest cloud margins of the big three. 2.5% when aws was at that phase it was into the 20s at this revenue. cloud is not a positive mix shift for google the other thing about google is, we don't know what's going to happen with search i know there's a lot of pundits that want to say search is going to be this or that i don't think anybody knows. we know that a.i. is going to search for outcomes, though, for certain things you're going to want to speak into a bot and get a result. you will say my budget for the trip is 800, going with so and so in my family, produce an outcome. search could change and i don't know how it's going to do it i think it's google's to lose. they have great data but if i can't figure it out i'm not sure anybody can, let's see how it plays out. >> thank you very much forgive me if i mispronounced your last name.

>> thanks a lot. take care. >> earnings season is in full swing. five dell components and more than 50 names on the s&p are on tap. we'll ask our trader for three names she expects to move on results a fresh three stock lunch is after the break how's the chicken? the prawns are delicious. oh, i have a shellfish allergy. one prawn. very good. did i say chicken wrong? tired of people not listening to what you want? it's truffle season! ah that's okay... never enough truffles. how much are they? it's a lot. oh okay - i'm good, that - it's like a priceless piece of art. enjoy. or when they sell you what they want? yeah. the more we understand you, the better we can help you.

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welcome back it's time for today's "stock lunch. it's 's earnings season we're going to start with netflix, trading right near a 52-week high up 150% the last year. and reports wednesday in the heart of a double-strike from the writers and actors in hollywood, at a time when legacy is struggling. j victoria green is joining us what do you do with netflix? >> despite the things you listed, for me, it's a buy i see them winning the streaming wars there's some uncertainty with the writers strike and actors strike but they work hard to control costs, doing customized content. and it's all about the subscriber growth and the

password crackdown a lot more adding the revenues for users going up you have ads supported ad revenue coming in and you have the ability to add users to the profile it's a 52-week high. i see the stock with a lot more upside i see it as a buy. >> let's move on to slb, the energy company, reporting friday at a time of depressed energy prices but the stock is up 75% over the last year. you like this, victoria? >> absolutely. that's a buy it's absolutely the international leader in services 77% 78% of revenues come from international. they're not just sinking holes in the ground. they are for the while life

cycle. moving into technology they continue to broaden the offerings. and they are a leader. while the sector has closed down and u.s. oil recount has fallen, internationally, you're seeing more and more activities i think they're going to benefit from a weaker dollar, as well. >> you like netflix. not a fan of capital one people are concerned about credit cards and delinquency rates. why are you not saying this is a clear outperformer, through the cycles this one you are more cautious >> i am. i feel like the quality has continued to deteriorate they're having a slowdown on auto and other loans it's all about the cards while the card growth will happen, they will have peak interest in the margin this quarter. if you look how financials have done, less of how did you do for

me and more going forward. they will see adverse conditions in a second half for me, i just don't like them there's better companies in the sector, higher quality like american express, that should weather better if they come under pressure capital one is not a buy here. >> thanks for your time. victoria green with an earnings preview. more stories you need to know about, including millions of americans losing a key tax break for the retirement harnessing data-driven insights and boundless curiosity. we dissect the market from every angle. helping to build portfolios that redefine what's possible. because investing isn't one size fits all. allspring.

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we have about two minutes left in the show we have so much to know about. let's get to it. eli lilly. what a year it has been for lily filing for full fda approval after phase three trials showed significant thslowing of the disease progression. david ricks saying it appears to be even more helpful for patients in earlier stages >> many outcomes have slowed the disease by a 35% over 18 months. today, we highlighted new annou announcements. earlier parents in the study those with less or no disease. it slowed even further between 40% and 60%. that's the real news from today.

>> no word on the decision for a timeline he expects it by the end of the year shares are about flat but remain on pace for a seventh-straight positive year. not only is this an important development with respect to alzheimer's, potentially extending quality of life for millions of people they have the weight loss drug >> and it opens up the weight loss drug. there's no stopping them ford is cutting prices on the f-150 by as much as $10,000. the cheapest version will start around $50,000 it comes after initially setting strong demand and raising prices several times since 2021 it's been cited as a watch point high for e.v.s, over supply for ford's own earnings risk and the stock is down 5% >> it's been a lot of tesla has cut prices on its vehicles, as well here's another one millions of americans will

lose a tax break, that older workers are allowed to make. the contributions won't be able to make. only after tax >> not talking older-older workers. my parents do a lot of catches this is a big deal >> not free tax dollars. thanks for watching "stock lunch. welcome to "closing bell "this make-or-break hour, where earnings will get going or confirm or cancel it first, your score cord with 60 minutes to go in regulation the dow with six up days in a row. we're off the high for the day good for 80 point s. that's a nice day for jpmorgan tech is strong, as well. netflix and tesla are higher they get set t