welcome to power lunch alongside contessa bridger with shaky nick on that steady cam. i am tyler mathisen. coming, up the feds favorite inflation gauge, the core pc rising slightly in at nearly 3 from a year ago. between that and credit card company results, we have som interesting consumer insight to dig into. more on that shortly

>> you know, we laughed, but i was funny, he would've laughed and it would've shaken we have -- a strike in las vegas whic could threaten the biggest sports event in the year i more ways than one so let's get a check on th markets currently. you want to? that >> the dow was slightly higher, as you see there b 0.02%. that is really slightly higher the s&p 500 is down about fifth of a percent, the nasdaq down about 65 points importanc of a percent a number of names hitting ne 52-week highs. you have your meta, you have your netflix, you have raw stores, t.j. x and merck >> but on the negative side, you have intel issuing som weak guidance. there you are seeing it down 12%. or is that 2%? it is 12%, there it is it's right on the line, isn' it >> right on the seam there >> it's not a great sign thoug for the chip space western digital, kayleigh also lore following those results >> and let's throw som

insights into the consumer tha we are getting today credit card firms say th consumer is resilient, but som signs of casting doubt o whether that will last for long plus, we will find out soo whether the holiday spending will stick or if retailers are seeing higher than norma returns. and a lot of eyes are on another key era of consume spending, and that would b restaurants. we have full coverage on these stories. we're gonna start with kat rooney on those credit car earning results. kate >> a, so the theme of credit card earning so far, it's al been about computer -- consumer spending. it's the quarterly numbers for amex and visa. american express though is the winner so far at least if yo look at the stock reaction the company's positive outlook is the main driver forecaste better than expected profits this year, and it boosted it dividend as well i caught up with an exodus cfo who told me that the highe income consumer that they ar serving is looking strong. restaurant spending top 10 billion dollars for the firs time, spending was up 11 compared to about 6% across th

board. airline spending though di slow a bit he did say they are gainin traction among younger people, gen z in particular, and the apple pays growth said it is a win-win for a max. it has been negative for companies like paypal. amex did see record revenue, although that in earnings were light of expectations. and then you have a visa so by most accounts, these ahead early strong quarter the estimates, you saw prett strong quarter volume. the reason for the stock dro was the slowdown that we hav seen in u.s. spending, at leas in january the company at least partially blamed severe weathe conditions keeping peopl inside and spending less in th last few weeks also forecasted, a disappointing second quarter revenue. growth has been up doubl digits, but it does appear t have plateaued a bit in recent quarters management once again callin the consumer resilient that is déjà vu. we've heard it from visa befor citing holiday shopping an travel guys, back to you. >> all right, kid rooney, than you very much. joining us for now in the rest of the hour to talk about this in a lot more, steve grasso, ceo of grasso global

steve, welcome, glad every with us >> good to be here so much fun to be in a different studio >> you have the window sea here we reserved for you. let's talk about the credi card companies, i guess the bi three are amex, visa mastercard, but there ar others >> so if you're looking at jus to pick up where you left of in that segment, america express has the highest, the most affluent clientele. if you worry about recession where you can go to the mid insulated so that is the 50,000 on tha main if you look at visa, the revenues weren't that bad. up 9%, so it was their guidanc or the way that they felt abou the transactions i don't know what to make of that i don't know if it is a weathe issue, but we are willing to give it to them because th consumer has not cracked yet [inaudible still have a job. what he doing have a job you still spend. and so i think all of these, and if you look at the chart and all of them, the technical are all impact the technicals on american express actually look the best that is the most momentum.

visa, a little bit winning, an mastercard is somewhere in the middle >> do you know what is getting under my skin? and almost causing me to put m credit card back in my pocke is the fact that more and more merchants are trying to recoup the charge that they have to pay to the credit card companies. so they're charging you 3% i you use your credit card, or 2%, or whatever it is. >> but now we are getting window into how these paymen providers make money, right? like if you are a consumer, al of a sudden you're like oh right, it cost money to use my visa >> true. but think about, what is the alternative? now >> it is to pay cash, suppose. >> so you better get a big rubber band. that's what i have holding m credit cards and my cash in my pocket i am carrying, to your point more cash than i've ever carried before because wha they normally do now the first one to go is american express because it ha the highest transactional fee, and then it is the visa an mastercard's, but there are lot of companies that don'

accept any credit cards thes days i feel like i'm back in the 19 80s! >> there are also a lot of companies that don't accep cash at all. they are cashless, and tha creates its own set of problems let's move on. >> let's move on we will talk more. >> let's go with a consume check and time of the year tha retailers are closing th window for holiday returns it is a sign of relief not onl for the money, but a growing fraud. courtney reagan has that story for us >> reporter: hi contessa, it's not the increasing cost of returns the concerns retailers the most, even the cost of processing an online retur average at least 21% of in orders value according to -- >> fraud's number one, and it' not even close to number two number two is really the cos of doing something with thos returns, because that is a ver new labor intensive thing. >> retailers expect 16 and a half percent of holiday return to be fraudulent this year that is 24 and a half billio dollars worth, up from the

annual average of 13.7% of returns that are fraudulent. this is according to - retail and the national retail federation now the ceo mark - told me at the show that fraudulent merchandise not received complaints have doubled over the last severa years for his retailer i particular no other fraud tactics include shipping back a different item than was just received, that i actually number one. like a box of bricks instead o a tv, returning stolen gifts and we're using counterfei receipts so here is an example from - retail one person living within $224,000 from a fraudulent returns, they returned 100 fraudulent items, 215 stores across all of these states using a variety of some of the tactics that i mentioned above now refer fraud has caused a number of retailers to tighten their return policies writ large. some though are using a.i. t personalize their return policies that includes retailers like amazon so my return policy for th

same item, contessa, might b different than yours >> i know, it's going to be fa superior to what mine is [laughter] >> it's a puts breaks in the returns. >> i go find them in m manhattan apartment, courtney, thank you. that is a fascinating look it has to be expensive one person to go and all those places to return that to >> it has to be expensive to ship a brick back. it's probably more expensive than the actual item anyway. >> i totally concur. we have heard a lot from the retailers about returns, shrink, fraud, all of this give me your big picture since on retail and where it is good investment. >> so i hope in 2024 we star to crack down, and i hate when they call it slippage, it is crime. you're walking into some place and you're doing something they have to crack down on that, because these are big number now. they are not little incrementa numbers, and they just kee exponentially getting larger let's talk about the stocks. so my favorite stock in th space is costco. what was last time you guy went to costco i would assume it's pretty

often. >> every night >> right around christmas day. >> and your membership above 90% on membershi renewal. it becomes an annuity. they do better than walmart, but not let slide a differen way. amazon, mega top tech, what do they have that costco doesn' have a.w.s. so the number one in cloud computing followed by microsoft. so if you want that kicker o mega cap tech and you get th retail strength, you kno amazon as well >> love them both, of both >> and you came up before came on, t.j. max and -- so those are, if you think about the pandemic, what do we have a lot less? of supply. the supply chain was faulted so those companies get the excess in supply and they sell them at discounted rates now, supply chain is mor intact, those companies have things to sell >> all right, finally, let's g to the restaurant space. three key issues are in focu this earnings season value for customers, a.i., and wage hikes, in kate rogers has

got it covered for us. kate >> hey there tyler first up, value as mentioned -- andrew charles says he expects a pick up in value pricing restaurants, but not necessarily a spike. btgs peter soler says it i already upon us, and that also could continue, as the restaurant continues to grow traffic this year. remember, grocery prices are running at a slower rate tha restaurant food prices are, an so endless say the restaurants may do some targeted value offering on their digita platforms as news like mcdonald's set ambitious goals to grow. another area focus of course i wages in minimum wage hikes. 42 states raise their wages to start the year, and industry watchers are looking to april, when california here will have the highest wage in the countr for fast food workers at $20 a hour earlier in january, pizza hu franchisees in the state began driver layoffs in advance of that so you can expect higher price for fast food operators ar going to make up for that labo inflation or a move into another theme, which is a.i. and automation del taco is one example that -

already pointing out is alread using a.i. in hi drive-throughs for orders. other big names like to pulley which warned of higher cost in california, have been testin it robotics these kitche operations prior to this way denouncement and so that could be another theme. this year to combat wage inflation in the future, and a quick final note on th restaurants, the middle east i the war there, papa john's mcdonald's have already warned of potential impact from the war, and starbucks would b another name to watch. our, guys back over to you >> are right, kate thank you very much. steve, some thoughts and restaurant stocks, and i see that you like a couple tha mesa likes >> yeah, so shake shack ha been a favorite of mine. -- stop today to police the second one, i' not on that one, but if yo look at the price action i chipotle, if you see the chart up there, that price i astounding and now i know that a stoc split does nothing for shareholder value, but wha does it make people? do go out and buy the stock. >> >> because it seems cheap >> because it seems cheap an they figure, oh my gosh, i'm going to get ten for everyon that i own that is a bargain! i want, that i want the righ

size stock split so chipotle and -- will benefit from internationa expansion. very few stores in both of the are outside of the unite states >> they are u.s. centered. >> is that in opportunity? >> i think it is an opportunity, and if you look at, it that is where they perfected - >> that you're delivery from aaa! >> i was out on silence, but m family slipped through just in case so when you look at aaa in particular, you want to perfec the operational skills tha they have in the u.s., and the you want to bring that to th other countries. they have done that. shake shack, much smaller scale, but the same opportunity internationally. >> all right, great to have yo with us here, you're gonna b with us for the hour coming up, a growing viral tha debate computers still spinning for now that may be anothe problem. debt, as that continues to grow, a lot of people are turnin towards social media for help? we have that story next.

plus, further ahead, between constant strikes and layoffs tensions are growing threa america's labor force, and w will discuss those issues when power lunch return it's odd how in an instant things can transform. slipping out of balance into freefall. i'm glad i found stability amidst it all. gold. standing the test of time. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it.

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we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. as we discussed before the break, despite some hiccups, critter stocks still boastin resilience spending. on one hand, good news for the economy. also raises some worries about america's massive debt consumer debt. critics are debt sits at ove one trillion dollars in th u.s. discussions around that growin debt are prominent now o social media, on tiktok. many financial influencers hav made careers on helping people get out of debt, and chang their spending habits. however, some call this debt shaming. encouragingpeople to have no debt at all, putting a moral value on it. the debate on the financia side of tiktok, aka, finn talk here to discuss americas deb problem is jade warsaw,

personal finance expert an co-host of the rams the show steve rustic here, as well with us. welcome. we appreciate, jade, your bein with us. >> thank you for having us >> what are people saying on social media that has some folks saying the have debt shaming that makes people feel worse than the ought to about carrying some levels of debt >> i don't think it is about debt shaming i think it is about bringing a very real topic to the forefront. at least it should be we do see that 70% of americans are living paychec to paycheck. we know 49% of americans hav reported the state of thei finances is causing them menta distress it is a negative effect on their mental health. most americans cannot afford 1000 dollar emergency. this truly is the reality of the situation. we should be shining a light o that and offering solutions. not shaming people if it is me, i'm giving yo solutions.

telling you, listen, let's sto borrowing money. let's get on a budget. let me teach you how to star paying off your day. shame is really the last motio that i want people feel. >> it is interesting we often talk about how that kind of education should start much earlier, in elementary or middle school. certainly in high school before money becomes a problem for those, for instance, a graduate from high school an get themselves in a lot of credit card debt i was interested in your fiv pillars of wealth, not only to get out of debt and lebano budget, but also have th proper amount of insurance is any of this going to carr through two kids who, i sa kids but a lot of times it i even older adults, i can't afford to put gas in my ca this week much less think abou my carrying proper insurance >> i couldn't agree with you more we are not taught this i schools. i think that is a problem. it is a problem we are working to solve we have a curriculum we ar introducing to more and more

schools, foundations o personal finance we are offering that i think you're right people are looking to social media because they think, what is the first place for me to start? i do think if you are going on social media, you want to look for any credible source, right a credible sources one that' gonna be teaching you thos five pillars get out of debt, live on a budget you need to carry thos insurances obviously we want you saving for an emergency fund, for retirement prioritizing generosity. to your point the order that you do those does matter for people who feel overwhelme and think, oh my gosh. i can't, you know, afford to d all those things of course you can. we want you to start a step. one for most people to jus getting $1,000 saved, gettin on the budget. >> jade, we started on the sho talking about having credi cards or cash in your pocket when you look at the younger generation now, everyone has apple pay. i ask much older and, even whe i use apple pay, you have to b cognizant over what you ar

spending do you encourage people to use less apple pay and use mor paper money? you are cognizant over what th bill actually is at th register or online. obviously, you can't do it but they don't even know how much they are spending including myself, when you are using all cards. >> that's right. you are exactly correct. the studies have been done tha when you use cash, it lights u the pain centers of your brain you actually feel it leaving your body. don't get me wrong, a lot of people are walking around with loads of cash in their wallet. we have seen cash stuffing is big trend on tiktok an instagram. i'm a proponent for that listen, if you can pull ou cash on the gm from paying for things like going 80, pay fo groceries and gas, you are gonna spend less money even going and using a debit card, even that helps. for the first time my husban and i, i never used apple pay. we used it for the first tim last night to pick up indian food my husband said, wow, you're right jade, i did not feel tha at all

>> there is zero friction. we want to create fiction. >> when i was working way back when in the world personal financing there were two different things we said to people trying to ge a budget, number one i picasso. he will seal it when you pathology pick catch the other is by check. the act of actually writin down what you are paying maybe bouncing - we are not going back. >> you're not going back okay, let me ask you this, jade when's debt good >> i have to tell you, the onl time i think that is okay is i it is your primary mortgage an you are purchasing it th correct way. other than that, honestly, i think the only good debt is paid off that. again, with the exception of that primary mortgage in that case it i really acting as a force savings account. it is an asset, it goes up i value and that equity belong to you >> i take your point o mortgages. what about automobile? that >> never that i would advise anybody, th first thing to pay off, if you have a car loan, that is wha is keeping the middle clas middle class for most of us it is the car

payment that is keeping us broke. no wonder people say, i don' have money saved no wonder they are saying, i can't say anything for retirement i'll give you a hint, it is in your car payment add that to your debt snowball and get it paid off as quickly as possible. >> if you are paying 29%, on average, on a result credi card, that will get your reall fast, as well. jade, it is great to see you thank you so much for joinin us >> my pleasure, thanks for having me. >> still to come, a patriots wide receiver arrested i louisiana for sports betting violations we break down what it means fo the industry, we'll be bac into i know what it's like to perform through pain. if you're like me, one of the millions suffering from pain caused by migraine, nurtec odt may help. it's the only medication

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data in today let's check in t see how it is affecting th bond market. -- tracking the action from chicago for us hi, brick. >> hi contessa you are asking the exact correct question the stock market does have an input here if you look at rates, from two to 30s, all of them are up o the session. if the numbers this mornin we're as cool as so many peopl have been saying, why are rate up i think the numbers are as

cool we have totally made progress. the progress just doesn't seem to be finished look where we are, 4.16, which has been high yield today. boy, the next couple of hour are going to be really interesting. while? let's look at the chart. on the left you see that spike for 19 that was 2024 in january high. that was a year today chart on -- see that spike, that is 0.1 7% that is the 24th that is the high yield close for 2024 you can see how it is al jumbled together here we say basically a -- pillow all those levels. it is interesting to see the numbers move up in price mov down you can see some action today. these are important levels finally, if we consider the tw year break-even which i don' have a chart for, unfortunately, is that a nine month high, jus

shy of 2.4%, finally the yea to date of dollar index is already up 2% on the year. none of these seem to auge with the notion that inflation is ready to be put on ice, w have a meeting coming up for the fed. it will be interesting to se how they frame the recent spat of data. tyler, back to you >> have a good one ric santelli let's get to julia worst didn' more with a cnbc news update >> - wall street journal reporter evan growth covid has been pushed until the end of march. meaning course quebec will spend at least a year behind bars since his 2023 arrest for espionage. gross convict, the wall street journal, have strongly denie the accusation that he was trying to obtain defense secrets. the u.s. government ha declared him wrongfull detained we were filed a legal appeal

against a plan in paris to restrict access to tourist vehicles on two major street in the central part of the city the ridesharing companie trying to overturn the restrictions warns that if they remain in place it could cause big problems with transport for th summer's olympic games i paris. work productivity took a hit this afternoon thousands of people reported o down detector.com that the lost access to microsoft teams it is not clear how widespread the issue is microsoft said on social media platform x it identified a networking issue impacting tea service and is working on fixed. guys, i hope it hasn't impacte your work flow >> it has not at all julia, thank you very much have a good weekend. coming up, las vegas culinar union won the conway from potential strike ahead of si city's first ever super bowl we will break down that and al the labor issues across th country. ah

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and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. - after military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military families has empowered more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. las vegas culinary union i just a week away from th

possible strike ahead of the first ever super bowl an america's gambling capital contracts lapsed last summer for workers more than 20 properties, in the union i asking for record wage hikes better pensions, and built-i protections when it comes to automation replacing human jobs workers today are holdin informational pickets outsid circa, golden i get, and - casinos in the downtown area o las vegas. the union of course struck a deal with wind caesars and i gm that the biggest companies i las vegas. they did it just ahead of f on in november, and a result an the largest wage increases i the unions history well now they have a week to hammer out deals with 21 of th properties, making up nearly 5000 workers there is a big sticking point. the union is asking for th same wages at the smalle casinos that the big guys or pain the union told me, yeah, tha is standard, and says that the casinos are making huge profit

in the post pandemic boom in las vegas, and that the worker deserve to participate in th upside a spokesperson says workers ar committed to striking next wee if their employers won't make deal, and of course that i going to affect hospitality at the super bowl at thos affected properties, and it ha an impact on the bottom line we know from caesars, fo instance, they just revised th fourth quarter estimates i part because of labor cost attributed to this histori deal with the corner union tyler. >> interesting stuff let's talk a little bit more about this looming or potentia vega strike. only the most recent example o labor tensions here in the united states. for more, let's bring in dan julius, he is a labo management scholar i practitioner with academic affiliations with yale, rutgers, and case western reserve mr. julius, welcome, good to have you with us >> how are you today >> we are fantastic. let's talk about this las vega iteration. what you expect is going t happen there ahead of the supe

bowl, and why has this union among many others become rathe agitated recently? >> i think what you're seein in las vegas is almost a perfect storm. you have unity among the unions, you have 100 different union operating there, you have labor market which is tightl marketed in the sense that these places need thes individuals. there was an exodus of hospitality workers during the pandemic, and now you have a major event coming similar t the formula 1, in a way, and there is no way that the power structure in the city wants legal strike at this time. keep in mind also, these are the unions that gave joe biden nevada by 2% they were out there and ther are strong connections there unions and las vegas have long history, and i suspec they will come to an agreement i don't know the details, but

suspect they will come to an agreement rather than have labor strikes during the super bowl >> well, because there i competition for labor in las vegas, and you know, the housekeepers - let me ask you about thi sticking point that i was told about. is it typical to have wages at a smaller company be on pa with wages at a much bigge company? and i don't know if this is good comparison, but can spirit, the spirit airlines play its flight attendants the same a united does a local news station that belongs to the union pay its reporters the same as th reporters in new york city >> well i would hesitate to sa anything in las vegas is typical, but i would say tha there is always comparability, and it depends upon -- the union has politica problems of its own if they ar representing the same group an one group is being paid very differently than another

and so there is no questio that there are strong pressure mitigating towards paying very conquerable wages, no question and i think that what we wil see is something very summer ball among those lines >> it's a sticking point in th negotiations with wind mgm and caesars about automation, an we're talking so much abou a.i. replacing human beings. i'm curious to hear what you think of this. that union told me that we aren't trying to sto elimination from taking ou jobs, we know that's going t happen, and especially you see the robot vacuums coming through, or the robo bartenders instead, what we do is w manage specific language and protections so that one, we ar elated that's coming we are not looking at vendor for robot vacuums and we are going to be replacin housekeepers for it. to, here is some money to go start retraining these workers who will be replaced

three, severance if there is n job waiting. is that something that you anticipate will be more in use across the nation in acros industries it looks like we are frozen. we have one of those moments where zoom is not zooming. >> the problem with teams -- >> but what do you think not i'm saying we're talking all the time about whether a.i. is taking over, but already if you are a clerk and a cashier, you see new jobs replaced by customers being able to go in and do their own thing. >> you know, he's back, okay can we get his answer there, dan, did you get a question? >> sorry i did hear the question. the notion of automation and union jobs is in an old one in the labor movement, an ultimately, they work this out this is the trouble with tol takers, this is true o railroads.

ultimately, there is going t be some kind of an arrangement where jobs are safeguarded i the future, there may be fewer jobs it would be very enlightened o the management to look towards retraining that would be a very good wa to go in my opinion. there needs to be a partnershi between labor. >> is there a resurgence and unionization in the united states these days? when you think about side afte an strike, the radio on strike and earlier this wee fascinating to me they cal state university system went o strike, shut down classes for day, and that was settled. and agitation for unions at th likes of starbucks when they have some and even amazon. our unions coming back >> well certainly there is a interest in unions that we hav not seen in decades, and there have been some high-profil successes. if you take a look at th actual data, fewer employees are represented by unions toda then in the heyday of the 1950

and 1960s. in fact, it is really less tha 7% of private sector or mayb the public sector of 25, 30% there's no question that there is a great deal of interest an success at the bargainin table. you mention the cal stat strike that is quite interesting, 29,023 institutions go off for one day, but not what we als hear about that strike is that they may have difficulty ratifying that vote, which brings to mind one issue tha doesn't come out very often, and that is that unions have difficulties managing th expectations of employees. what do you to organize groups and then what you do t negotiate is sometimes at odds there is an old phrase calle bread in butter unionism, an that unionism seems to be very concerned with wages, workin conditions, as opposed to th ideological strands within the union movement that want muc more out of social unionism.

so what is happening today i that your finding very ver effective organizing efforts i a number of industries, bu when you get to the bargaining table, when it comes - 50,000 feet to sea level, it i really a different kettle of fish what happens there is that mos of the social issues in th organizing issues sort o dissipate and it focuses mor on wages and working conditions that is exactly what happene to the cal state system. but in fact, the university -- excuse me, the union may hav not prepared well enough t accept what the fina settlement was >> dan, it's good of you t join us now. thank you for sharing some o your insight and perspective with us. >> thank you so much it is a privilege. >> still ahead, flag on th play the nfl wide receiver charge in the illegal sports scheme accused of placing thousands o bets while he was under age an while he was playing college

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ride receiver kayshon boutte i in some serious trouble with the law over allegations o gambling while he was under age, and while he was playing college ball he was arrested, booked in jai yesterday on a felony count of computer fraud and a misdemeanor charge of underage gambling according to louisiana state police, they say there are mor charges. the affidavit for kaysho boutte a west warrants and fanduel arrested under aliases one of them, his mothers, th investigation alleges nearly 9000 bets over a year, mor than half 1 million dollar staked, or wagered bets on himself all of that.

but is boutte not accused of throwing games i reached out to fanduel, they won't comment. i reached out to game irregula than louisiana, i have yet t hear back. this raises a lot of questions about integrity in the game an the integrity abetting let's dive in further here within isabel us who is criminal defense attorney an nbc news legal analyst and steve grasso joins us back a well danny, walk us through a littl bit the significance o charging a kid, he turned 21 last year, for a year he was doing some serious gambling. gambling that wasn't permitted under aliases. which is where the charges about computer fraud presumably, come in. >> the biggest problem here fo him is clearly the felon computer charge. both on the criminal front and of course, on the nf disciplined front. two different paths here on the criminal side the felony, of course is a big deal. it is also bigger deal in term of disciplined with the nfl. any felony will get someon

under nfl's personal conduct policy, it will subject them t discipline and i believe a automatic administrative suspensions strangely enough the nfl's gambling policy ha been relaxed at least as t betting thatoesn'tnvolve nfl teams or, really, the wors offense is betting against you own team or betting on your ow team in the nfl. betting on colleges allowe four players but not nfl personnel. it is really confusing also punishable for an nfl player is betting on college sports, but at an nfl facility or on an nfl trip. as you can see, it i incredibly complex >> the nfl just changed it policy on suspensions regarding, it is two years if you get caught betting on professional football in this case we have n indication the boutte bato professional football or eve as a professional player

the allegations that we have seen right now the charges against him, have to do with him bedding as a student athlete in the louisiana and betting underage i'm curious, could there b more charges coming? for instance, against hi mother, whose identification he, allegedly, used. or against - there is the other areas h used is a real person. we don't know whether that was permitted, whether she gav permission for her identity to used not could other individual beyond the hawk? >> yes, potentially. even if there are othe individuals on the hook it won't get this defendant off the hook he is not going to be able t pass off liability, unless h can make an argument that thes are the people who were really involved in the gambling that is his biggest uphill battle he is fighting these fraud charges in the misdemeanor charges. strangely enough, as long as betting on college sport didn't happen and an nfl facility, nfl players an

players alone are actually allowed to do that it is really the crimina allegations that are the biggest problem for this player, because of the nfl's persona conduct policy which, i should point out, these things are alleged t have happened while he was a student, not as an nfl player. that might be an out, as well. >> i was just noticing that. this looks like it took plac between 2022 in the spring i 2023, while he would've been a student at lsu is that? right >> that's right. >> he put 8900 gets down in th year my goodness. >> exactly right yes. the other concern i think migh be an, there has been no reporting of this, whether not nfl becomes interested to find out what has he been doing since he became an adult obviously these allegations ar a conduct by a minor, an underage person alleged to b gambling if the nfl decides to conduc its own investigation to see what he's been doing since then,

they may find additional information that may b problematic for him. not just criminally. >> i know they're sportsbook are looking at their records t see whether they have exposure i'm curious what you think about, i covered the gamblin companies. what is the danger here fo them what is the danger for the bottom line? what is the danger for investors who might be looking at these companies it >> might be the liability you touched on, it dan mentioned it it is very convoluted who' responsible. it is very difficult to say it was my mother's phone, his phone, who was betting how are they bedding people want to use this in the nefarious way to get out o losses that they actually bet. to say who is bending. when you buy something on appl it is not you, it is you children they ran up a tab. apple forgives what happens if the tap turn that we $80,000 every time w talk about these things? isn't it easier? there is a liability that thes

companies share. when you take it back to draft kings, something that is personal for the conversation, there is so much upside to the stocks up above hundred 70%, th liability to a small >> by the way, they still want gambling legalized, inferenced and texas and california these things come out. >> danny, do you like kansas city plus a floor bat? >> now we are way outside of m area >> not my jurisdiction >> denise of alice, thanks ver much still ahead, out aghast? president biden pressing pause on a new lng export projects, bit victory for climat activists. we will bring the details afte this tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading.

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book now. we've got about thre minutes left in the program. seven more stories we like t tell you about let's get right to it the bat immigration pausing improve of the pending applications for liquefy natural gas export facilitie to countries with which th next dates is not a free trade agreements, citing environmental concerns relatin to climate change as a key region for the move. we talked about this last hour with former secretary of energ perry he sees it is clearly political move >> i think it is a political move if you look at the crud production side we are a historic levels. that got the base really angry with about immigration this is his way of throttlin that back and getting them bac in his corner. >> preelection >> preelection i think it is important to realize that our allies will still have the production of

the supplies that they need, i theory hopefully this doesn't expan to a bigger dimension. this is gonna take months to review this case >> florida's house just passed a bill that would limit yout aspects to social media by banning new and existing accounts of users younger than 16 years old the gop backed bill would be one of the strictest socia media restrictions in th country, if passed by th senate and signed into law b governor, ron, desantis. it is unclear how that legislation could be in forced or would be enforced you have to wonder, if florida was able to do something lik this, it might not affect th bottom line of facebook, snapchat, and other social media companies. if other states started to follow suit, if other countrie started fallacy, it could. >> this could overlap with our last story on gambling how do you enforce it? how are you supposed to enforc this kind of thing it is worth noting it was bipartisan decision. it was equally as many democrats incited to florida

who were against social medi as well for kids under 16. >> get those two sides sit dow at the same people >> i think this is better left up to the parents. i do understand the concern, having four kids you want to get them off of it >> what do you do >> take their phone away at a certain time the problem is when they tak their phone away you say you need it for homework i shut off the wi-fi casuall and they say they needed for homework you have to be hands-on. >> we should've been stricte on the phone now it is all the time >> of course >> let's finish off here on tw dismal tech reports. tesla warning vehicle growth i 2024 might be noticeably wil over the last. here it is still good last you can kind of in that number stop nice growth our own jim cramer says th stock has lost the spot amon the magnificent 7. intel taking it after issuin week guidance. let's start with tesla they may not have the growth a hadn't unit stairs they ha

this year than they did last year but they grew something like 50% last year >> you look at tesla, the stor was always, it's a tech stock. it isn't an automobile company it is being valued now as an automobile company the a.i. angles leading it luster >> great having you come back, will you >> have a great weekend. closing bell starts next welcome to closing bell. i'm scott walker live here a the new york stock exchang discredit the make-or-break ou begins with a countdown to tha critical week ahead. fed, the mega caps, maybe just the fate of this rally we will ask the wharton school jeremy siegel what it is likel to happen and where your money is likely to go from here he joins us in just a moment we can't wait for that in the meantime your scorecard with 60 minutes to go in regulation looks like that s&p is close to 4900, ye again. it is trying to close abov that level we will see over this fina stretch efficient at there nasdaq, somewhat muted