. hi, everybody. wack to "power lunch." alongside kelly evans i'm tyler mathisen big day for earnings reporting and moving markets tesla, netflix, johnson and johnson. some of the names we're going to dig into big time this hour. plus, labor pains seemingly everywhere teamsters all on strike, actors, writers, or threatening. why is the economy going through this and how big a disruption could it pose to our economy >> first, a check on the facts as major averages are split. dow's up 211 points. nasdaq down 19, 45.6 and helping

the dow's strength, johnson & johnson. strengthening ing pharma busine. and nasdaq sharply lower, though netflix and tesla are weighing both dropping more after results at bell last night more on these moves coming up. ty. >> all right tsmc taiwan semiconductor a bit too much information on its earnings report as strong ai demand, strong as it's been, might be in the future, enough to offset current weakness company delaying the start of its factory out in arizona all of this sending shares lower. we have details. kristina partsinevelos. >> only so far because you allude to it saying the short-term frenzy, using those words, about ai definitely not extrapolated from the long term.

and estimated 50% compound annual growth rate over the next five years believing ai will grow but tell us the ai market literally just 6% total tsm total revenue still too small to offset you see on the screen lowers than on the screen, 4.5% lower than first quarterly drop in four years guided 10% drop full-year sales and guided capital expenditures low end of the prior range having a negative effect on equipmentmakers. lastly delayed arizona production the plant in arizona to 2025 because of lack of skilled talent in the united states. all of this specifically hurting the sector, hurting smh and stocks and equipmentmakers like lan, kla, applied materials. down 4%, 3% lower, but expected

news we've talked about and for anyone not nvidia, what's happening, environment weaker, customer inventories trying to level out and then china's recovery still slower than expected that could change chips analysts for china's industry bottom line, ai commute demand exceeding with smartphone market depressed doesn't bode well for likes of qualcomm, intel, a much bigger percentage of industry revenue. >> thanks. the chip stocks mostly down today and taiwan semis disappointing results reports first quarterly profit decline in four years on weakening demand in key categories like smartphones. tsmc, boundaries making chips for other giants, like inindividual na. is it overcome we ask a managing director of research good to see you. declines across the board.

not everybody, i think broadcom didn't agree. >> thanks for having me. rolled out coverage and positive on the sector since last october, just edging on it today. sector in the downturn is right. start the to see the start of that downturn last october interesting in semis as a sector, however, is semis bottom right on the first piece of bad news saw bottom in sector last october despite the inventory correction was there we're optimistic going forward aside from ai and you'll ask me about that, too, it's that the catalyst that the group has is eventually customers stop burning through inventory. with think that happens through second half the year driving the positive estimate revisions as you go into 2024, because you

get a return secular growth in a number of different areas and stop burning inventory and come back to normalized numbers. >> so how long do you think it would take for that to play out? >> depends on the sector for example, handsets and pcs started early in inventory correction memory started early as well handset and pc, works through second half of the year. memory taking longer because more inventory available there then datacenters started a little bit later that's probably going to take all the way through end of this year, but when it pertains to data center, where ai is, it's a very powerful driver as you go into 2024. both cyclical benefit. customers buying less now because burning through inventory. in addition, data center capex spending beloy trend line. likely to get better next year with ai and on top of that

secular benefit of ai across many semiconductor companies nvidia the biggest. >> chris, let me ask you specifically how important china is to this sector china's recovering comeback, specifically to taiwan semiconductor? feels like a bit -- if china doesn't come back, this whole process of recovery is going to be slower than it was anticipated. >> tend to agree with that some checks we had coming into this earnings season, for the device company really starts next week, as we found china is pretty weak now. we think weakened further over the last couple months that delays a bit of the recovery as compared to what you would have otherwise expected. but, again, the buy signal for semis generally when customers burn inventory shipping below what shipping out. we think that's the case with weakness in china even's stepping up well for 2024,

though. >> talk to us a little about ai and taiwan semi sort of using the word "frenzy" to describe it where are you on that? overhype overhyped? a 2025 story ran that are 2024 story? >> in the early innings. chatgpt beginning of year what nvidia's ceo talked about as iphone moment for ai so we're in very early phases now. the difference between tsmc and inindividual yea, tsmc pain madly on units we've seen improvement earlier comments, magnitude not enough to offset downturn elsewhere except nvidia. the difference, they're not only seeing the uptick in units but seeing a very, very significant upturn in content and pricing.

that's because the -- what's going on in ai right now and the nvidia solution, they can charge a higher price than the prior generations. never before happened in semis, but give odors of magnitude improvement in performance and ceos worry about this. the more you save. bottom line for nvidia and several other places in the industry, revenue growth and asp growth -- sorry. asp growth adds to revenue growth first time in history of the semiconductor. >> the law, 3.0, whatever. go ahead. >> a function of slowing -- >> yes chris, thank you very much. queso on chips flick to chips, netflix down nearly 10% after password sharing crackdown. users online claim they would ditch the service. mess around and find out

despite that subscriber growth beat expectations but maybe not on enough for investors to love it julia boorstin is here to discussion. >> hi, tyler amazing to see subscriber growth in the quarter 6 million new subscribers versus roughly 2 million subscribers expected three times subscriber growth anticipated and looking at a stronger than expected subscriber growth third quarter. notable, revenue missed expectations, revenue guidance missed expectations. and accompanying those two facts, average revenue user not growing fast as expected actually in decline as more people find out lower cost services >> hmm so what -- in some, the changes in the fee structure are one thing, but am i hearing you sort of inferentially saying that the era when netflix was sort of the

number one among one is no longer in other words, now it is, may still be number one but a lot more folks nipping at its heels? >> well, yes definitely more companies than five years ago netflix realized, rather have more subscribers and that each locked into a subscription even if a lower-cost subscription, ran that are haven't people mooching off fraendsiends and fy they want paid sharing rather than password sharing. want to crack down on that password sharing another key thing here is netflix laid out potential for advertising down the line. they're going to be converting these people using lower cost subscriptions tiers into subscribers to ad-supported tiers. watching advertising, generating a lot more revenue from you down the line than the people who were paying for their lowest

cost ad tier in the past phasing out the lowest cost ad free tier. a huge opportunity for advertising coming up. say, able to generate billions in inchmental revenue and competing with many other players, whether max, warner brothers, discovery or disney+ and not just competing for subscribers but also for those ads. >> as well julia, thank you julia boorstin reporting for us. coming up, another earnings laggard. tesla. share down 8%. slimming margins cyber concerns and issues weighing on investors. dive in next. plus striking a cord une kes breaking out across th cotry causing a domino effect. we discuss when "power lunch" returns. i was told my small business

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revenue. shares of the electric vehiclemaker on decline down more than 7% concerns of slimming margins and cyber truck concerns our next guest is keeping a bullish outlook raising his price target from $270 a share to $300 today. a manual rosner head auto and auto tech analyst with deutsche bank good to have you with us curious how wall street reacts to earnings reports. here's one quarterly revenues were record. up 46% year over year. profits beat estimates, and yet

the knit pickers land on this stock in a heavy way why? >> hi, tyler thanks for having me the quarter more than fine margins a bit better than people expected i think a lot of investors were hoping for tesla to say, hey, this is the margins, end of the price cuts and things are looking up from here tesla did not say that, but we didn't expect them to say that either tesla's message essentially is consistent saying the last couple of months which is, this is a challenging environment we'll stay nimble with pricing essentially means react to market conditions as appropriate and demonstrated in the quarter they can cut costs accordingly and essentially manage to keep margins at a fairly solid level. i think disappointment from the market came from not telling us this is going to be truck

margins. easily could be a plateau margin because prices will probably come down more but costs seem to be coming down certainly as well oversized reaction to this, but pricing a key discussion for tesla going forward. >> and other competitors talking about having to cut prices as well as i as you understand it. because they're not -- their vehicles are not sells as well as anticipated tesla doesn't seem to have that problem. they seem to be selling plenty of vehicles. to your point about prices and costs coming down, did i read in my note that tesla has on the drawing board a vehicle that will come out in a year or two that is a markedly lower price and still high capability? >> that's exactly right. that's really a key piece of our, bullish pieces. tesla same time optimizing production and maximizie ing voe of current vehicle and working

on next vehicle start production late 2024, 2025 then in mexico and the goal, essentially get the cost to be half of the current cost essentially able to bring cars that costs $40,000 to make tos of costing onlies $20 to make. able to sell it in massive volume and do it in a way competition wouldn't be ale to tap shop for a long time and make very affordable electric vehicles sell them profitably in very high volume. >> hearing about this for years. no way it's 2025 half way through 2023. what if it's 2026 or 2027? >> tesla misses deadlines. not specifically saying 2025 they are doing, though, working ground on mexican plant where it

will start production. in shanghai, they built from ground to start production in nine months. i don't think they'll necessarily do that in mexico. even twice as long, could start production in early 2025 seems realistic. again, could it be pushed back absolutely. >> let me give you a tcouple tip free to pass on to elon. refresh their line and the new affordable thing a part of that as well. here is my -- i own a tesla. transparent about that with everybody. they have so much of the sort of capital of the car invested in the touch screen the big touch screen, that takes the place of the dashboard it takes the place of gauges and so forth i think they need to bring back the speedometer, the gas -- and

put it right in front of the driver's eyes. i think they relied too much on that touch screen. a lot of the touch screen, it's great. but i don't think -- i've been in other makers' cars and they did not go quite so heavily into investment in the touch screen i think they need something that is more familiar for drivers. >> let me address your first point at the very least in terms of refresh jumped right way to the next gen vehicle. 2025 or later. before that likely model 3 and model refresh. some good. model 3 piece in fourth quarter starting from china. and other into next year very, very aware of this and cyber truck. the cyber truck is a brand new vehicle, brand new for them starting production now and start real serious production fourth quarter this year with delivery event scheduled this year this is a lot of that freshness you're looking for and fully acknowledging it, probably get that in the next six to nine

months or so well before we have to worry about the next gen vehicle i think the next gen vehicle, because of potential, how much of the market could grab, how afford able it could be. >> leaving my tip. share with anybody i just shared it with viewers. relying a little less on the touch screen, also a driver distraction from time to time. you have to look over. where's my speed how's my speed going anyway, thank you for insights have you back soon. >> thank you. >> all the teslas so many see arivian and maybe stick around stay away from it. further ahead exploring the fast food chain. ahead of mcdonald's earning what's are we hearing from franchisees? "power lunch" is back in two.

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visit coventrydirect.com. welcome back to "power lunch. more evidence today of the impact higher mortgage rates is having on the housing market get to diana olick what did we learn? >> seams of homes dropped more than expected, kelly down over 3% in may and 19% year over year.

slowest june pace in 14 years. even back to the subprime mortgage days but not all higher mortgage rates more lack of supply fell nearly 14% from a year ago keeping pressure on prices median price of a home sold in june $410,200. second highest of all-time cooling off after last year prices accelerating even as rates hover around 7%. more than twice they were a year and a half ago of course, first-time buyers can't hand r handle that and find out just 27% from 30% a year ago historically 40% to 50% of the market all cash sales rose to 26% because at the market heats up buyers need cash to be competitive. this happening in existing home market of course benefiting home builders showing a. % jump in new orders quarter to quarter despite high mortgage rates. >> thank you very much, diana

olick. in addition to housing data initial jobless claims this morning. rick santelli mowing numbers a look how data is playing out in the bond market hi, rick. >> yes, tyler. continuing claims once again well behaved and the market paid attention. a two-year ten year traded up on yields all session but there's other data today look at philly fed 11 consecutive negative month over month changes leaving economic indicators 15, 1-5, negative month over no changes. there is a weakening here and it does make sense, because the two-year note yield is really somewhat hovering on fed guidance in many respects, and how do we know this? all right. when was the cpi report? i know july 12th. start a few charts, july 12th. look at a two year, basically come back and taken all the gains that it made on a cooler

than expected cpi. look at the longer data treasuries ten-year yields haven't quite come back. as a matter of fact, you can see it's so clearly in twos to 10s basically low negative 80s to trading 100 today minus 100. that makes sense look at a high yield for two year today, at 487 look for high in ten year yield today, easy. 387. 100 basis points the reason this is so important is because as much as many want to say the fed might have to continue to raise rates, it's aggressive as the short end until it closes above 5.07, cycle ideal close, many will continue to fight it look for other versions. kelly, back to you. >> thank you appreciate it. turning now to oil bring in, of course, peppa stephens people pointing this out pippa, home prices firmness.

oil, wheat it's uncomfortable, a little. >> wheat absolutely rising on that pressure pulling out of that deal. oil today not doing a lot. sentiment has gotten bet per one reason why because of those russian seaport exports. a little closer look at that they did drop to a six-month low in june. part of that was thanks to refinery maintenance in russia leading to production shut-ins key, so far in july, exports down to 3.1 million barrel as day and the month is almost over well below 3.9 million a barrel in may might not look like much on the chart. take swoog account saudi arabia's account bites on international prices one of the things boosting sentiment here however, there are still wild cards like india key buyer of russian oil and currently monsoonal season, lower demand going into refinery maintenance september and october. could also be another reason why

russia's exports are down. although it does seem to than they are starting not to comply when opec lost coalitions pledge to reduce. >> i don't want to catch you offguard and not what you may have prepared for, but i read the stories and concerned what's going on in the black sea with the collapse of this and what that could mean for what i would call strategic food stuff. whether wheat, corn, barley, other grains. >> yeah. definitely concerns particularly with el nino and the other strange weather patterns climate change, we're seeing now. i think as relates to oil and gas prices, it does add another layer of uncertainty and shows that russia is till playing its cards. they do still have ways they can bite international markets, whether for stock commodities or oil and gas, even uranium. key enricher of uranium. seems initial spike in prices after they first invaded ukraine

subsided, they still have leverages. >> making it very, very dangerous. quickly, if russia singks some commercial grain-carrying ships, boy, a difficult day. >> we've had a bad harvest here, i think, in the u.s. >> i don't know enough to know, but -- >> weather. >> yeah. >> playing a role again. >> they need help, i'm sure. >> all of these markets now international. issue one you see it in other areas as well. >> thanks. seema mody for the cnbc update. >> good afternoon. a new era could begin any moment for washington football. nfl owners meeting now in minneapolis to vote on the sale of the commanders. recruited as expected team change hands from scandal plagued owner daniel snyder to josh harris. owner of the philadelphia 76ers and $76 billion sale could close as soon as tomorrow. pilots may have to wait a little bit longer to start their

retirement the house passing legislation today that reauthorizing the faa the next five year including revision retirement age of pilots from 65 to 67 as the u.s. deals with a severe pilot short amp. measure heading to the senate. get this microsoft rolling out new beauty 23 filters rolling out of bedand going on video calls 12 makeup looks inspired by ma ma ma ma maybe lean products. >> changes everything. >> fix my hair right there love it. thanks, seema. meaahead on "power lunch"ic striking a big blow. expected list for company time

usually few and far in between, there seems to be a fire sparking across the country. we discuss the growing labor protestshe"perun" ntues.n ow lch

welcome back call it summer of discontent with analogy to king richard there. prices are high and workers feel wages aren't keeping up. the result hundreds of thousands of workers in the country and north of the boarder in canada in very different industries on streak or threatening to hollywood feeling the pain writers off the job and actors on strike. of course impacting all major media companies. more than 7,000 canadian dock workers and rarehouse workers as well on the picket line in trucking, rail companies and the teamsters. union representing u.p.s. drivers and employees, also threatening to walk out. that would involve 340,000 workers. here with more on what's causing these labor pains and what

companies can do is president and ceo of the conference board and a cnbc contributor and mikesal strain, director of economic policy studies at american enterprise institute. michael, start with you. why so many strikes now? obviously each and potential ones, each have their own particular causes and reasons, but is there a theme >> i think there is a common theme or at least a common underlying cause the combination of the pandemic and of all the fiscal policies for the economy during the time of the pandemic really loose monetary policies led to a situation where economic demand is far out pacing economy supply that has led to consumer price inflation. higher than seen in four decades. that itself is a big driver of this discontent. everything's more expensive. workers want higher salaries,

higher wages in order to kind of keep living and to deal with all the high prices. in addition, that big demand boost that we have seen has led to a really tight labor market we have had months where there are two job openings for every one unemployed worker. that gives workers a lot of bargaining power they can tell people who want to hire them, businesses who want to hire them, walk into their boss' office, demand higher pay and in a stronger negotiating position because it's so much harder for managers to get workers. i think those the two big things higher prices, people want higher salviaries to deal with them and workers are in driver's seat in a way typically not the case. >> stephen, reaction to what michael laid out there gave a couple reasons why there is this labor, call it,

discontent right now do you see it that way and how do you react >> yeah. i think michael's absolutely correct. you're in a historic period here where you're at almost full employment 10 million job openings s wages are not keeping up with rising prices fed's moved very significantly over 500 basis points. probably one or two more moves needs to happen, but conference board's leading economic indicators are declining, going on but signaling recession, projects a short and mild recession by ind of the year a window of time where employees have the power, but as the economy slows and as we potentially go into recession it should ease up and that period of time where they have that power should go away there are other things in here like the pilot shortage. coming out of the pandemic we shut everything down, people took retirements, and now geevt this historic shortage of

pilots there are policy issues that have been taken, as michael said, that have led to unique things around these various industries. >> you -- interesting to me. also curious about the dynamic here you think people are doing it as kind of a last opportunity before they sense the window closing? if the economy and labor market weaken >> i think that's right. nobody knows for sure what's going to happen but historically as the economy has gone into recession, a lot of jobs have been lost. this recession is projected to be mild and short, and the projecting job losses are only, i say that with brackets, only about 1 million jobs which is a lot for those million people impacted, but in other words, should be weakening. therefore, the power of the employees is maximized right during this period before that slowdown happens. >> mike, would you agree with that that, because the other way to look at it

no labor market is stronger than expected jobless claims data proves that this morning and maybe more than macro promises >> two things are happening. if you got a take of why, a wide angled view look at economy over the last year, over the last 18 months, i think there's no question that the labor market is slowing, and there's no question that the perceived progress in consumer price inflation. i think if you look at the economy over the last three or four months, we haven't made a lot of progress in the labor market over the last six months. haven't made a lot of progress in inflation so a lot of it really kind of depends what time frame you're looking at i continue to believe the economy is trending towards recession and i think we'll see rece recession. what it happens, unemployment goes up, workers will lose a lot of bargens pow perp again,

because they know they're hard to replace they know that their manager is having a really hard time finding other workers. finding people to fill a job vacancy. >> in that essence, you sort of agree with steve come back, michael, maybe steve react as well. speak to about executive works for a major consumer products company last week who says, yeah, i hear stories being two openings for every worker available, but not where i live. not in my industry certainly not in the tech industry where all they've been doing latesly is laying people off. so i wonder if you scratch the surface of that widely sighted statistic, which i'm sure is accurate in other words, there are two openings for every worker available that if you dug down into the tlerench there you mig find something that yields a different picture of the labor market michael, go first. >> well, i think that's right.

i think depends on how the industry is looked at. that statistic refers to the labor market as a whole, and the economy as a whole and so tech sector has been engaged in layoffs i think observation about the pilots is a good one the issue there is at heart strong demand on the part of households who want to get on an airplane and take a vacation also having trouble because a whole bunch of their pilots took early retirement and it's hard to train new pilots. so each of these situations has its own idiosyncrasies and specific circumstances, and different industries of the economy are different. a common theme is, everything's more expensive when people go to the grocery store or when people want to go shopping, and workers are -- you know, apart from certain industries, workers have a lot more bargains power with

managers and with perspective potential employers. >> final thought from you, steve, please? >> depends what happened in the recession by industry and by company. those consumer products companies, non-cyclical companies that didn't get impacted heavily are pretty much more level the ones shut down and impacted, of course, then had to come back you see that in airlines the tech industry is completely different. had to go completely virtual they ramped up amazon nearly doubled size of their business since the pre-pandemic period. went too far came down. you see variations by industry macro numbers suggest the time is now for workers and different a year from now. >> steve, michael, thank you very much. appreciate your time today. >> thank you. >> thank you >> survey says, loving it. coming up, why mcdonald's

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shape tomorrow today. 3... 2... 1... welcome back mcdonald's set to report results next week. sdrit can be hard to read

considering all factors at play between inflation, consumer spending changes and more. a new survey of the company's franchisees could shine light on what investors can expect and kate rogers has more sounded optimistic. >> kelly, right. equity research with a two-part survey, strong sales trends in the u.s. in the quarter thanks to promotions like return of grimace and trading down from higher priced competitors as inflation repains stubborn analysts suggesting 10.3% in the quarter. as a result of that. responding pricing strategies work well, employment full in some locations and improving sales. middle franchisees reported relationship with corporate , 1. out of 5 high est in years

contention between changes to franchise owner agreement announced last year. survey up 20 owners representing around 200 locations subset of the mcdonald's footprint. a favorite name in higher inflation and performed kel in previous recessions. year to date up 12% better tha wendy's and outperformed by others, shake shack on an absolute tear. back to you. >> positive, all the buzz about this $18, tyler, big mac combo meal at a rest stop in derrien, connecticut. what does that tell you? >> listen, i can say the restaurant can guide on prices owners, franchisee set prices. right? quite high i don't have to tell you that. mcdonald's has maintained lower prices than a lot of competitors. again, why it's a favored name in this environment for people who might be -- trading dproun

higher priced competitors like a chi chipotle $18, in line and less than what mcdonald's prices typically are. >> got you at the food stops and they know. >> there it is. >> yeah! >> coming up trading the consumer j&j, american airlines and others, results on the trade on each of them in "three stock lunch" when we come back.

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time for today's "three stock lunch. taking a look at big earnings movers starting outperform perp johnson-johnso a johns johnson-and-johnson posting up first quarterly report for consumer spin-off kenvue, which they hold a 90% stake in here with our trades, nancy tangler. what do you think of j&j, nancy? >> a member of our 12 best ideas portfolio. a stock we would tell clients to own for a lifetime and so we've greeted the kenvue spin outwith great enthusiasm, because the

company bought a bio tech company and made them largest biotech company a number are years ago and never got credit this quarter we see pharma and mantech contributed materially to out performance bees others, paid 2.8% dividend yield. 6% growth on a five-year basis trending and free cash flow expected to grow 30% this year we love the name continue to buy it reinvest dividends in the for the long term. >> what about american airlines down 6% after that record revenue in quarter earnings but q3 guidance more in line united's stronger than expected. american, by the way, also negotiation with their pilots union. how about the overweight on the stock? >> that's it, i think, kelly first, my disclaimer, viewers should not listen to me on airlines i almost never own them. too cyclical, too many inputs

they have no control over. 's the pilots negotiation it will take $8 billion out of the top line, or out of the bottom line i think that's one issue, and then you've got the fact that they lowered guidance. another issue, and then there's serious customer service relation problems. did you catch the story, telling people bins are full to get out on time and people open bin, not full creating discontent. >> you don't want to be lied to, messed with. even if it gets you going a little quicker. >> and discover financial, nancy? plunging today on a flood of bad headlines. the company missing on earnings causing share buyback program, undergoing audits and regulator review stemming from credit cards that date back to 2007 troubled stock today what do you say? >> i say if you own it may not want to bail out here. what's happened, everybody's running for the exits and it

will stop eventually paid 2.7%. free cash flow cut in half this year over last year. i definitely don't think you buy it if you don't own it already we like american express and visa much better higher quality companies, higher in consumer. where you want to play this particular segment i wouldn't chase this. >> interesting thank you very much. nancy tengler, good to see you. >> you, too. coming up, try your hands at a new way to pay technology coming to all whole foods stores at your fingertips. details coming up in "power lunch. closing time after this. heading to a break naz douk town. session los. tesla and netflix continue to be big drags. poor results from s.p.a. midway through the session. we're back after this.

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ibm. let's create. less than three minutes interest in our program. more stories to tell you about get to it. alzheimer can raise medicare premiums cop add $5 a month medicare part b. drug made recently approved by

fda, and, therefore, added to medicare coverage. there are lots of drugs like this either like this one or in the pipeline that seniors may want to take that are going to be very expensive medicines, at least at first. >> only hope, limp, $10 per month increase both for this and weigh weight-loss. lessen future medical treatment offsetting price. >> good point. >> you hope. take a while to see. buying frozen veggies, they're up almost 20% over the past year according to june cpi data nearly six times the average for all consumer goods and services. the spike blamed on heavy rains in california ruining crop yields even ripple effects from the war in ukraine. >> that's an unexpected one. heard about bread. heard about eggs, being much more expensive beef, but frozen veggies >> are you a fan

>> i find them particularly convenient particularly frozen peas can double as a gray applique if you sprain an ankle. >> the reason i have them. >> yeah. walmart cutting price of walmart plus for lower-income households getting the service half price amazon had a similar discount for prime for some time. here is another way to expand the market, and also to invite people who might find the full price a little too much. >> just makes sense. seeing more and more of this as well a multitiered pricing of things whether streaming or other kinds of memberships. finally, amazon will bring technology to all whole food stores by end of the year. amazon won swiping a hand over kiosk and seeing rolling demand lauvlged in 2020 panera tested stores earlier in the year other in the colorado rockies,

those buying beer. people out there, tell me if you've used this does it speed things up? my current is a night mayor. >> i use clear at the airport, but have to use my thumbprints it takes a little while. we'll see. >> i like facial rep on my phone. hater until i used it. >> thanks for watching "power lunch," everybody. >> "closing bell" starts right now. thanks welcome to "closing bell." scott wapner post nine add the new york stock exchange. surging dow, ninth day in a row of gains raising the question whether sectors lagging will soon lead. ask ed in a moment remains bullish on the market and is here at post nine at the new york stock exchange. meantime, score card with 60 minutes to go in regulation. health care, energy, industrials best areas today names like j&j,