and medicaid, call now to see if there's a plan in your area that will give you extra benefits, including an allowance to help pay for essentials. plus, no-cost for covered prescriptions. and coverage for routine dental, vision and hearing. a knowledgeable, licensed humana sales agent will explain your coverage options. and, if you're eligible, help you enroll over the phone. it's that easy! call today and we'll also send this free guide. humana. a more human way to healthcare. welcome to "power lunch." alongside kelly evans, i'm tyler mathis. glad you could be with us today. stocks with mixed but higher for the week. how following the big fed meeting that concluded on wednesday. today's big story is probably the iphone 16 going on sale amid some concerns about

demand. that's what steve kovac has been reporting. >> indeed, we'll see him in a moment. he says the lightest lines he's seen in the last three years of iphone launches. also, they say it doesn't have to be high demand for upgrades. the highs are up 1%. again, difference between analysts who are bullish on a huge upgrade cycle need for a price target versus those who say it could be muted but not a disease. >> disaster. >> keeping a lid on this, the a.i. tools that are supposed to be the sell on this phone aren't really ready just yet. >> 1,000%. not until october. the other thing, huawei launched its tri-fold phone. we might have more on that. apple is out of the top five in terms of market share. huawei has all the buzz around the new launch. meanwhile, shares of nike are higher after that company made a big change at the top. the new ceo is facing a lot of challenges, though, including

consumer weakness in china. hardly just apple experiencing this. not the starbucks boost but nike is up about 6%. >> the criticisms has been that nike has not been on the cutting edge in terms of fashion and design and coming up with the hot, new sneaker. and there have been these little ankle buyers nibbling at it, whether it's on or hoka or whomever in the clothing area. they've had a lot more sort of trendier, maybe trendier competition, let me say. >> going direct to consumer, you could argue for it now, but it's blown up. companies are going back through stores, the traditional model. arguably cheaper in the long run now that advertising costs are so high. when people came back to stores post pandemic, the nike supply wasn't there. and the big story the world has been reading and talking about this week. the attack on hezbollah via exploding pagers. we'll have a guest on to talk

about whether anything like this could happen here in the united states. and what are the vulnerabilities of the supply chain to the kind of very, very sophisticated industrial espionage that apparently the israelis were able to purerpetrate here. counterfeit devices, apparently, were purchased from a counterfeit company. we'll explore that. >> locking forward to that. >> everybody is talking about that. let's begin at the apple store in new york city where tim cook appeared earlier this morning, but lines seemed to be dwindling just a bit now. our steve kovac is standing by. steve? >> reporter: hey, tyler. what you and kelly were talking about is exactly the theme of the week with apple. it's these questions of what iphone 16 demand actually looks like. we went into the cycle with a lot of bullish analysts saying, you know, the new artificial intelligence features are going to drive another super cycle of iphone sales. so far, the early data we have

just isn't really showing that. so many analysts came out at the beginning of the week saying preorder sales looked lackluster compared to a year ago. a significant drop in those estimates. then same thing, like kelly noted, ubs coming out with a similar note this morning. at the same time, we also heard from the t-mobile ceo earlier this week, who said those preorders on that carrier were actually up from the year before. that's why we saw apple shares up 4% yesterday. how do we make sense of this? i talked to the man himself, tim cook, ceo of apple. i was able to snag him on his way out of the apple store earlier this morning. take a listen to what he told me. >> today is great and very exciting. >> better or worse from last year? >> i don't know yet. it's only the first hour, so we'll see. >> preorders good? >> it's amazing. >> everything is enthusiastic. >> reporter: enthusiastic, amazing. no real hard numbers, of course. we do have some time to go through all the sales data and things like that.

as you mentioned, the lines have been dwindling. i think i talked to cook around 9:30 a.m. this morning. an hour later, the overflow line, which goes from 5th avenue here, that was empty. now, you can see the plaza where they usually have people sort of snaking around to get into the apple store, the line there has fallen dramatically. that's the main line you're looking at right now. i was here the last two years. a year ago for the iphone 15 launch and a year before that for the iphone 14. the line, the overflow line lasted well into the late afternoon/early evening on those launches. not sure what to make of that. could be a lot more people are busy today or more ordered online or went to their carriers instead. i did think that's notable, that just compared to the last two years, though, significantly lower lines here at the flagship apple store on 5th avenue, guys. >> i'm curious, steve, how many analysts are still expecting or

have kind of priced in a super cycle versus those who think, you know, those expectations are too high. >> reporter: we heard some of that commentary coming into the iphone event last monday, actually. i can't remember exactly which firms. there were a couple of them going into that saying all this artificial intelligence stuff, all this super cycle stuff, it's priced in. we've seen how apple shares have gone up since the june event where they finally announced their artificial jensintelligen plans, finally went positive after spending the first half of the year in the red and underperforming the peers in the mag 7, as well. could be baked in. it could be we might find out a month from now people were just waiting for the a.i. features to hit these new pohones, and it'l spur another upgrade. people also saying, kelly, maybe it's a prolonged upgrade cycle. as the features roll out to different countries, different languages, things like that.

this is going to be an interesting one to watch. we'll get more data next week once this first full weekend of full sales come in, guys. >> shoe leather reporting from our steve kovac, thank you so much. we appreciate it. while there's a lot of excitement for the new iphone here in the u.s. still, in china, the competition is even taller. eunice yoon is live in bay eiji for us. we were talking about the huawei tri-fold phone units. is that the culprit? >> reporter: well, definitely is today. the chinese arrival of huawei did unveil the tri-fold phone. it was on the same day the iphone 16 did debut here. this phone is $2,800. it's a tablet and smart phone al rolled into one. the screen is, of course, you can fold it in three ways. you can -- the screen is able to handle a lot of different windows. the phone is pretty lightweight, only slightly heavier than the

iphone 16 pro max. and that model was really the big talker in the lines outside of the apple store today. the pro max was the one scalpers were trying to buy off the customers who were lining up since 5:30 in the morning. they were offering a mark-up of $70 on the black or white model or $42 for the desert -- it's a rose gold color, but i'm blanking, the desert titanium. orders for the pro max are backlogged for two to three weeks. but this excitement really doesn't mean that apple doesn't face issues here. the a.i. service called apple intelligence still hasn't been approved by the chinese regulators. also, apple does have competition from chinese rivals. not only huawei, but huawei

appears to be ramping up its competition with apple outside of china. sources familiar with the matter have said that huawei now plans to sell its $2,800 tri-fold phone in the overseas markets starting from the first quarter of next year. kelly, maybe you'd be able to get your hands on one of those phones. >> a $2,800 phone. i mean, that strains the pockets of even the most affluent american consumers. i can't imagine what it means in the chinese market. but speaking of the chinese market, how are consumers doing there? yesterday, skechers was the latest company to say they're seeing softness in sales. apparently today, nike att attributing some of the issues they've been having to weakness in sales there. >> reporter: yeah, absolutely. that warning by skechers really does match the broader picture that we are seeing here with the

chinese consumer. as you said, $2,800, a really hefty price for really anyone but especially here in china. but there are people who are affluent. you do have people who are buying the iphone 16 or the xt, sometimes even both. but the broader trend is that if people can find a cheaper alter alternative, they will. people are worried about the economic situation. they're concerned about their own financial position. because of that, if you could find anything that's even priced slightly lower, then people go for it. that's one of the reasons why foreign companies and foreign brands are suffering. because they are positioned slightly higher price point wise than their local competitors. >> thank you very much, eunice yoon reporting in the middle of the night, as she also often does for us. we appreciate it. thanks. let's talk more specifically

about nike now, which also warned of the soft sales in china. the stock is surging today after announcing ceo john donahoe is stepping down. more on the sneaker client,a senior analyst at oppenheimer, sticking with it, $120 price target. brian, it's worth repeating, as don chew u pointed out last hou they're down from historic highs. how do they fix the story? >> thanks for having me on. the issues at nike have become pretty well-known. there's probably two buckets now. one, they need to revitalize product innovation. second, they need to re-embrace the wholesale distribution. the ceo announcement last night i think is very much a step in the right direction. they're bringing back a proven, successful executive at the company who, when he was with nike, nike was performing much

better. i think, again, there's still issues for nike. there's challenges. it'll take time. but i think the ceo announcement is very much a step in the right direction. >> but to tyler's point earlier, there's the little problem of massive competitive pressure. i mean, the sneakers from on are ubiquitous. i see them everywhere. same with hoka a couple years ago. how did they miss a step on the fashion? >> well, look, nike is a massive company, right? if nike is misstepping, losing connections with consumers, that does open, to some extent, an opportunity for smaller players to come in. i think that's exactly what happened. now, we'll see. i mean, my sense is, and having studied nike for a long time, is that there's still an underlying consumer demand for nike. i think if nike gets this right, nike starts to introduce better products, more innovative products, and is selling these products where consumers want to buy them, the wholesale partners, what's going to happen, you'll have a shifting dynamic. i think, look, there's some

smaller companies that have done very well. maybe they have staying power. i think they're going to be fighting against a stronger nike, and it'll be a challenge. >> it's interesting to me, what's happened in the world of sneakers. i'd be interested in your thoughts on this. sneakers have gone from being athletic wear to being everyday footwear. that has also, i think, benefitted a couple of those competitors that kelly just mentioned, whether it's on or hoka or volstar or a whole host that are fashion items as much as they are functional footwear, and certainly not necessarily athletic items, which has been the sweet spot for nike for decades. >> look, that's a great point. what that basically means is that, you know, the market for what's called athletic footwear has expanded significantly. in that sense, where the market share is coming from is traditional footwear. i always make the joke when talking to clients, i don't see as many loafers out there

anymore when i'm in the office or offices of clients. a lot of people are wearing sneakers. that dynamic is very much happening. i think, you know, going to kelly's question, i think that opens up an opportunity for, you know, re-emergence, the reinvigoration of nike. maybe still some success for the smaller pla iere er players tha performed well. >> bring back the loafers, brian. visit my closet. >> i have some collecting dust, as well. i don't know what to do with them. >> you can't find a good tassel loafer anymore. thanks, brian nagel. appreciate it. >> nice seeing you. >> nice seeing you. solid wealth funds are pouring billions into start-ups as oil-rich nations push to diversify their economy and compete on the world stage through tech investments. we'll get to key details when "power lunch" returns.

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faster and easier than ever. that's what i do. is that love island? welcome back to "power l lunch." as billions of dollars chase investments in a.i some of the money is coming from wealth funds in the middle east trying to diversify from oil to artificial intelligence. kate rooney is here with the details. kate? >> kelly, sovereign wealth funds out of the middle east, in particular, are emerging as some of the biggest backers of the silicon valley's a.i. darlings. today, i'm told by a source that mgx, a.i. fund out of abu dhabi, is set to find out if openai has chosen it as one of its investors in what is becoming a competitive round, valuing a.i.

at $150 billion. there's also anthropic. saudi arabia has the pif. mega funds out of qatar, kuwait, all investing in a.i. these funds have increased their spending, especially if you look at q2 of this year. it jumped to $6.5 billion. that was up five-fold from just a year earlier. that's according to pitch book. these are historically oil-rich countries looking to diversify their companies. they're in a unique position to write these mega checks for what is a capital-intensive a.i. industry. only a handful of funds or tech companies can afford to write a check of that size. in one effect here in silicon valley, with the endless spigot in capital, we're seeing the softbank effect. think of the vision fund. it's known for writing checks that pushed up the valuations of we work, uber, to sky high prices that were unsustainable.

anthropic is one of the start-ups that said no to taking money from saudi arabia to avoid any sort of controversy. plus, the u.s. wants the middle east to be an ally in the a.i. arms race. it's even brokered a deal between microsoft and g-42 recently, kelly. >> all right. >> and tyler. both of you. >> i'll take it. thank you so much. we appreciate it, kate rooney. staying with the middle east, walkie-talkies detonated in deb in lebanon, killing at least 20 people. it was after a pager blast injured thousands across the country. how was this carried off and what may the implications be? chad sweet is of the global advisory firm and investment bank focused on the security sector. long history, chad, at the department of homeland security, as well. so how did the israelis pull this off? it seems to me that what it looks like now is counterfeit

devices made or adulterated by a counterfeit company in hungary. >> that's right, tyler. looks like this was done over many years. physical infiltrations of supply chains take a long time to execute. in this case, they set up a front company in hungary that was able to successfully penetrate hezbollah's supply chain. it does look like they altered the devices to implant what looks like either c4 or explosi >> what is too prevent a simil infiltration of the supply chain for other companies or potentially commercial buyers, whether those companies are u.s. companies or not? what would make it harder to penetrate a u.s. company's supply chain than this? >> well, i think in this case, we saw hezbollah shifting to these low-tech devices because the u.s., israel, and others have been able to successfully use smartphones as a targeting

tool to conduct drone strikes against high-value target terrorists. in this case, the united states, pagers and handheld radios are not a very widely used tool, other than in law enforcement. as a result, it'd be very challenging to carry off a large-scale attack like this. i think the other problem is that smartphones, unlike handheld radios and pagers, the form factor is more smaller and compact. if they were able to contain the devices outside the supply chain and try to alter them, it is extremely difficult to have sufficient space to have enough explosives for any serious damage. so, as a result, i think it does, though, highlight, tyler, the importance of the supply chain, though, overall, both physical and virtual, for commercial customers. if you were a company that got caught in the middle of two state actors like this, you could end up being crushed by two 800-pound gorillas. whether it's a criminal or whether it's a state actor,

companies do need to be paying close attention to both their virtual and physical supply chain. >> i wonder if you expect more attacks like this to come, or if you think this is a one-off? what communication means might hezbollah now resort to? >> i think you're right, kelly, to put our antenna up. copycat attacks by other adversaries or hezbollah retaliatory strike that could spill into the united states in some form or fashion is a possibility. i think what this underscores, though, is we have to step back and see that these types of weaponization of the supply chain are not new. the united states, we carried out, as you may recall, a cyber attack, which is code name operation olympic games, against the iranian nuclear centrifuges. that was in 2010. this attack just happened by the israelis using weaponization of non-combatant consumer electronics. i think what this shows is that whether it's several years ago

with u.s. and iran, whether it's yesterday with israel and hezbollah, or tomorrow, we could see china taking the supply chain vulnerability in the united states and bringing us to our knees. we all have to be vigilant on diversifying and increasing resilience in our supply chain. so if you are a corporate out there, there are opportunities for you to join programs like in my old department of dhs, it's the ct pat, the counterterrorism against -- with private sector partners. think of it as an opportunity to get your supply chain resilient, collaborate with the government, and you have privileges if you participate in the program. it's like a trusted traveler program but for businesses. your goods you import get expedited on u.s. borders. >> how vulnerable, chad, might our telecommunications devices be, not to the insertion of explosives, but to disruption

from a foreign actor, so that, effective ly they bring down th ability to communicate? that's question number one. number two, you said the form factor of a cell phone makes it very difficult to insert explosives. but a laptop could be vulnerable. >> yeah, that's right. if you look at all of us now go through the airports. tsa has done an increasingly more sophisticated job scanning our laptops and other devices in a more efficient way. we've introduced aait, advanced imaging technologies, that can detect the detonator and the actual explosive itself. those technologies are advancing in.gov governments and private sector together, helping to use the advantage we have against our adversaries. on the issue you're raising generally about the use of cell phones on the virtual side, they can be more easily penetrated opposed to the physical side. that type of penetration allows

for collection and surveillance, but also we've seen it now used in kinetic opportunities, too, that i mentioned before in targeting. the bottom line is, fbi director christopher wray did testify that china and others are increasingly infiltrating critical infrastructure in the united states through our supply chain, and we're having to work together with private sector to create higher and higher resiliency. but the end of the day, in the game of nations, in the game of espionage, supply chain vulnerability exploitation will continue to be a reality. it has been for many years. the key thing will be the winners will be the ones that can actually reduce their vulnerability in the most interdependent time in human history. >> wow. >> chad, thank you very much. we appreciate your insights today. frightening thoughts there. chad sweet of the churchoff group. shares of trump media are hitting a 52-week low today, one day after lock-up restrictions

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welcome back to "power lunch." a check on the market, broadly lower today. the nasdaq the most so, down half a percent. s&p giving up 24 points, below 5,700. the dow only down 60 right now. the utilities sector, though, has been outpacing the s&p year-to-date, and after the rate cut, it could be more attractive than ever. here to explain why and how to trade it, mike ko, chief strategist at open interest.co and a cnbc contributor. it's scary to run into something so loved, but you're saying it's still the time. why? >> i think so. look, i appreciate the concern that somebody might have. i mean, the outperformance of utilities since the beginning of object of last year is extraordinary. we have total return out

performance over that period of time of over 7.5%. if you think about it over the long term, people haven't really thought of utilities as much of a growth sector. i think a little more historical context is in order. first of all, it's trading about 19 times forward earnings. typically, does trade at a discount to the market. one of the reasons for that is that the explosive growth we saw in, among other things, electricity demand in the post war period, so after world war ii through, you know, call it 2022 or thereabouts, we saw about a 6.5-fold increase in electricity demand. then it stagnated from 2007 onward. i think we are going to see a second leg, essentially, to electricity demand growth. two things are really propelling that. i mean, evs are a part of it. that's not quite the same as putting air-conditioning in, you know, the southern parts of the united states, but it is material. we'll probably have an electric vehicle fleet that's about 50%

by 2030 or thereabouts. the second thing, of course, is what everybody talking about right now, which is, you know, data centers for a.i. that is also clearly going to create massive demand. we can see that with some of the transactions that people are talking about to basically meet the generation needs. i think you combine those two things, and i think it's still reasonable. it's also important to remember, you know, xlu, the etf that was tracking, you know, the utilities, this was essentially flat before we started to see this recent outperformance. i think this might still be the beginning of it. >> sure. you're seeing the multiple is not, you know, extended at this point compared to history. just today, the news that microsoft is going to bring back a 3-mile island nuclear reactor is the epitome of the trend we're talking about. for people who want to play the space, what's the best way to do so? >> yeah, i mean, obviously, xlu is an etf that one could own. but if you are concerned about, you know, chasing it and, i mean, it obviously has had

exceptional performance since the october timeframe i was referencing, over 40%. normally safe and stable utilities here. the other thing is, because they are usually pretty stable, options premiums are relatively cheap. if you were looking to make a price action bet that xlu could continue higher, you could buy longer dated call options and then look into essentially selling downside puts near data against it. we call that a diagonal risk reversal. the simple part would be buy longer data call options because those options premiums are reasonable. >> it sounds like some kind of twitter account or album that we need to come out with or something. nevertheless, couple different ways to do it, mike. thanks for joining us to make the case. good to see you. >> thank you. >> mike khouw on utilities. over to you, ty. fedex plunging after disappointing earnings and slashing its full-year guidance. signaling potential cracks maybe

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♪ all right. welcome back. time for three stock lunlunch. nike higher on news that the ceo will step down mid of october to be replaced by veteran elliott hill, coming out of retirement like tom brady to take the helm. we have president of mjp wealth advisors. what do you think of this? let's start with nike and your thoughts on it. it's up today, as you see, by almost $5 a share. >> thanks, tyler. well, i think this one is interesting when you look at the headlines. that's why i look at this for myself and caution any investor to dig in. with mr. hill coming back, you know, you think it's got to be about the shoes, tyler, but at the end of the day, i think nike is a very expensive turnaround story right now. a lot of competition in the space. sales down in north america.

declining sales from ecommerce business. between deckers, hoka, on, i think we need to see a little bit more from management moving forward before jumping in. i'd say sell on the news is the expression, then wait to see what that pipeline of innovation is going to be for nike as part of their turnaround story. >> the shares are up. i hate to say it, but only 6%. they've been such an underperformer. the pe is still 28. fedex now, which is plunging after it missed on earnings and cut the full-year outlook. shares are down nearly 14%, brian. you pick this one up? >> yeah, kelly, actually, i would pick this up. i kind of dug into the earnings report. i looked at a lot of things that we're mentioning. first, investors are paying notice to the fact that full-year guidance is down and down significantly, which is why we have a little bit of a pullback. the end of the day, if you look broader at the stock, it's actually at a pretty good run recently and has been outperforming some of its other

competition. it's a little bit of a mean reversion. when we dig in, they commented that demand is still healthy, especially in the industrial and ecommerce space. expecting a modest pickup in demand. plus, they have cost and restructuring initiatives that might add to savings to a tune of about $4 billion over the next 12 months. don't think this is an indication that the economy is definitely falling off a cliff, but also, customers are being sensitive to price, something we've heard from companies all throughout the year as we're going through a slowing economic cycle. again, i look at this as a value opportunity. something that i'm looking to pick up for myself. >> all right. our final name is another laggard today. lennar delivered strong congr commentary. the ceo said they expect demand to remain high amidst a chronic shortage of homes for sale.

what's your trade on lennar, down 9 todollars today. >> we're seeing demand in the housing sector. forward p is very apttractattra. it's had a good run. investors are fickle on margins that were weak. we saw an increase in orders, revenue growth. the macroeconomic background with the rates will help the stock moving forward. >> brian, thank you for having be us. brian an vendig, appreciate it. >> pippa stevens now. the deadly back and forth between israel and hezbollah continues. israel launched a strike on a beirut neighborhood and killed a senior hezbollah leader. health authorities say it's the deadliest attack on beirut in years and at least a dozen people were killed and dozens more injured. executives at the port of

new york in new jersey tell cnbc they're preparing for total work stoppage from the long shoremans union. it's the largest port on the east coast. it represents 84,000 longshoremen, and it'd shut five of the top ten ports in north america. a total of 36 ports on the atlantic and gulf coasts. their current agreement expires october 1st. and ahead of monday night's game against jacksonville, buffalo bills fans will get a chance to invest in the team's future and buy municipal bonds that go to the construction of a new stadium. monday, retail investors will be able to buy the bonds if they have a brokerage account. at least $5,000 to spend. institutional investors can jump in the next day. kelly, back to you. >> wow, as we expand different ways of what? >> bonds for the bills. >> i wasn't sure if it was going to be a slight from a giants fan. pippa, thanks. pippa stevens. as we head to break, let's get a quick check on the markets, which are lower today

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welcome back to "power lunch." rick santelli here at cme hq with the bond report. it's been an interesting week, of course, and the highlight was wednesday. three days. let's look at three-day charts. if you look at the left side, you can see the volatility of the 50 basis point drop in rates. what's interesting is the general direction of two-year, it is moving sideways. move down the curve a bit, and you can see the ten-year has an upward bend to it. that is because the curve has steepened and retains its steepness. at 3.57, down one on the day, on the week. down the curve, we're up two on the day, up seven on the week on the ten. we've steepened eight basis points on 2s to 10s, and pretty much every combination of yield curves steepened and have retained the steepness. what is really going to make this interesting is next week,

we have supply. so 2s, 5s, 7s, $183 billion. we'll get a glance of investor sentiment, see if it's changed with respect to purchasing our debt. finally, two weeks of the dollar index, we're hovering near a 14-month low. we have not closed under 100.5. key technical area. we want to continue to pay attention to that. tyler, back to you. >> $180 billion coming out of next week. whatever you just said, rick, thanks very much. rick santelli. quick check on the 2024 stock draft standings. oz knows pearlman up 60% so far. huge gains for the second-round pick, carvana. oz is in the house and joins us on set next. be prepared to be amazed.

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welcome back to "power l lunch." we're halfway into the 2024 cnbc stock draft, which we conducted back in the spring. so far, wall street mentalist oz

pearlman is leading the way. oz knows. he's up 60% since the april draft thanks to huge gains out of carvana. oz pearlman joins us now. why did you like carvana? now you must love it. >> love it and i still love it. i think going into to2025, we he a lot more upside. last time trading north of par. street is saying about $15 billion in revenue by end of 2025. i think they are going to blow that number away. i think carvana is still going to go up. by the time this thing ends around the super bowl, we're going to be even higher. >> it's been pretty steady. >> i think the election might throw that in. you look over the life of bitcoin, it's a boom and bust cycle and you have to catch that wave. i can see $85,000. we'll see. oz knows. >> how much does he know?

you set up a little thing earlier. >> here are the four words that my 4-year-old daughter says you need to do amazing at the stock market. so simple, yet so difficult. i told her i would bring this in. it's buy low, sell high. so simple. so simple. >> magnetic board, thank you, honey. so think about it. what's the buy low element? it's my 4-year-old. the buy low, which could be any age. 7, 37, any age. if catching those stocks on the way up, that's key. then you have to sell them before they go down. so here's the plan. i'm going with the ones that are sell high. what do you think is the right moment to sell? i'm testing you each. it's on the upswing. i'm not saying down swing. and i want you to see yourself. >> but i can't change my mind? >> it's a free market, but i

think you already change your mind once. you did something spontaneous. twid lg the fingers. should i get this or should i not. >> the question was what is the stock that you think is high and would be right to sell? >> i think that you want steady. we want to close your eyes please. tell the viewer at home, viewing financial intelnetwork. i didn't tell you what stock. >> i was overly influenced and went with apple. >> apt sl what i went with as well. apple the is precisely what i went with. >> i don't know how you did that. >> she changed her mind in the middle. you saw it yourself. here is the question. buy low, sell bhigh. you could have picked anything. >> you gave me a pack of cards with names of -- here's what i want you to do. >> the question is did i

influence you? on three, i want you to tell us out of all the companies that you could have picked, what was the company you went with? >> boeing. don't blink. my daughter brought this. and it is boeing. >> no, no, no. >> that worked out quite well. >> no, no. >> what if he picked nike? >> i don't think it would have gone any other way. that's it, folks. >> whoa. that's good. boeing -- you gave me 52 cards with the the names of companies. the one i turned up was boeing. i said that's a pretty good buy low company right now. >> why are you magician and not a portfolio manager? >> my previous position was merrill lynch. i went from the street to the wall street mentalist. go flg. >> i love it. continued good luck with the draft. i'm sure we'll see you again soon. >> i hope so. >> a lot of traveling coming up

for you. love what you do with the nfl teams. it's compelling. >> a lot of good stuff coming up. >> that sounds great. a saucy new gimmick sure to please job seekers. we'll explain why your next pizza hut order could come with a side of employment. "power lunch" is back in a moment. (♪♪) something amazing is happening here. productivity is growing exponentially. that's because cdw configuration specialists are deploying fleets of microsoft surface devices. built in security, simplified management and flexibility help streamline busy work, which means everyone can get more done. make amazing happen. microsoft and cdw.

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♪ ♪ ♪ ♪ welcome back. this could be telling us something about the job market or it's just a clever gimmick to sell more pizza, but pizza hut is putting job seekers resumes on boxes and delivering them to employers in new york city. you have to apply to pizza hut first and get the desired permission for the delivery. but if you do all that, your resume will certainly stand out. they gave us some examples. put this is cool.

it's printed on the box itself. >> i guess this is a way you personally market yourself to a potential employer. >> yes. the larger point is more interesting. it's eye catching. to me, it's a sign that remember the great resignation a couple years ago when everyone was like, work, who needs to work? my employer is lucky to have me. i think this is a sign. >> i'm sending a pizza. say that again? yeah, there's john ough. and his e-mail is jdoug jdough@pizzahut.com. i would flood with your thoughts and reactions. >> you know what i'm saying? we didn't have pizza box resume a couple years ago. this is a few phenomenon. we'll put it up there for market-leading indicators. also a check on our fantasy

stock teams before we go. coffee prices rose to a 13-year high because of production in brazil. they had adverse weather. so we have some nice year to date rallies. >> there's some nice picks in the commodities area. who knew. a couple of my players in the news this week. deker is among the companies hurt yesterday by sketchers comments on the chinese consumer. and united airlines, thank you for finding my ipad, by the way. and recovering it when i left it in a seat back. props to you guys. >> how far had you made it? >> i was home several days. >> and they recovered? >> they found it. god love them. boosting a demand for flights wherever taylor swift is playing. 25% boost for a given city on her weekend concerts. i think she's wrapping up her

tour. that's also the why airbnb shares were up. >> tate life-support rule. >> have a great weekend. >> thank you for watching "power lunch." >> "closing bell" starts right now. thank you. welcome to "closing bell." i'm the at the new york stock exchange. this make or break hour begins with this game-changing week and whether it means this rally is more sustainable than some thought. we will ask our experts over this final stretch. take a look at the score card with 60 minutes to go in the week. in regulation, what we're still hanging on to 42,000 on the dow. been a little bit all ovhe place. we'll see what we do here if we can close positive to end this very busy and consequential week. we are watching apple shares today. the new iphone going on sale. that stock has been up