daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪♪) wow... are you kidding me? you can do this. at truist, we believe the same is true for banking.

welcome to lunch. welcome back from the w7bd. stocks are higher across the board. intel is one of the big gainers right now as apollo is considering investing in the company. this coming after the report friday evening in the "wall street journal" that intel have been talking. apollo is an investor in this company. >> that's right. for the ceo, we were just talking about pat, who brought back in to fix the problems from the company. huge questions to address. do you separate them off, do you sell one. >> absolutely. they try to do a deal. shares of meta are soaring to an all-time high. we have two bull ish note ace head of the big event next week. this has been the sleeper beneficiary of ai. all they are doing is using it to optimize and it turns out because people are enwith reels, se seeing more ads, it's outperforming.

>> they became to do this thing and ai came toits rescue and has helped give them a second wind. >> plus the biden administration proposing a ban on chinese and russian software in cars on roads, in the united states. clearly, again, a national security concern here that by bringing in perhaps components or software, which almost all cars are connected to the internet one way or another today might make drivers vuln vulnerable, the transportation system vulnerable to the kind of mischief that china and russia are facing. >> meta was outperforming, but today it's tesla on this news. you have to think of gm just given warning of a few layoffs. i can't help but read a little bit of election politics as well. it's a big advantage for the u.s. car makers. the biggest threat they face is chinese autos come ing into the

u.s. this is another guarantee that that's not going to happen. >> but first, we heard from bank of chicago president today. saying rate cuts will continue to help smaller businesses and consumers who are buying or banking on higher interest rates. let's bring in the chief investment strategist in the house today. good to have you with us. >> thank you for having me. >> it's hard to underestimate the impact that lower rates can have on the consumer economy because there's an awful lot of debt that is tied, whether it's a credit line or a credit card line. these numbers will come downed a adjustable rate mortgages will come down. this is helpful. >> exactly. up until last week, we had seen plenty of financial conditions easening for larger corporation. if you look at the s&p 500, they

don't need a rate cut, but up until last week, you didn't see any easing for those consumers and small businesses that are tied to something call ed the prime rate, which is what banks lend on. the last small business report told us they are borrowing for three month they were paying 9.5%. this is the first easing for main street, at least direct one, and i do think we need more. >> did you read into powell's statements afterwards that he i think for confidence he should have and did lean into not a victory lap or close to it. he pounded his fist a few time when is he talked about his own confidence. he did the right thing by cutting 50.

>> i'm courthouse to run by you. you look at the way crypto is outperforming. the russells are down again. did that suggest the feds wept too far. it's only exciting in markts and momentum and not broadening out the gains. >> we had definitely seen a lot of broadening out in the market from that july 11th cpi report. it's quite a lot seeing commercial real estate, that sector being one of the best sector this is quarter followed by utilities and regional banks. we have to remember the fed cutting rates doesn't necessarily help those areas that have benefitted from lower tenure rates as directly. >> especially because it steepened the curve. >> the the market is still in the soft landing world where it's not going to go up that much. if unemployment does not go up

much, 10-year bond yields are going high er. for small caps trading better on long-term interest rates, a lot of the benefit maybe behind us. >> let's talk about what you see going forward for interest r rates. do you think -- how low do they go a year from now? are they in the 3s? >> in the policy rate, i think so a year from now. the market is a little too aggressive, but we do expect the unemployment rate to continue grinding higher. what will be paramount for equity markets and fbl markets in general is really not how high they go, but the face at had which the unemployment rate rises. if it's a slow and steady pace, which it's been, i think markets can contend with that. >> again, there's so many ifs. we confound ed all the expectations. >> hang tight. we got reports that qualcomm made a takeover approach. as the dust settled over the

weekend, neither company has commented and no deal is in place, bernstine has a new note saying it's hard to see a deal working out financially given the number of risks and uncertain returns. joining us, the author behind that note bernstine senior analyst. and daniel newman is the ce o of the future group. it's great to have you. here your thoughts if not qualcomm, what for intel? >> if you have to support those investments, don't see a deal getting done with cash that doesn't drive leverage to ub sustainable levels. what do you do with them?

>> they are losing $12 billion a year. >> you scrap them and sell the tools for whatever they are worth. i don't think that's a politically viable situation. you'd have to scrap the entire road map. long story short, they have enough issues. why would they be the one to make the issues better. >> let's get your take oven whether a deal is plauzable to agree with stacey or not. and number two, the question of the fabs, isn't that what the

chips act and the government says they want? >> i agree with stacey. this is not a probable deal. i think i said it in many ways. i don't see how this works. i do think there's a bit of darkest before dawn going on with intel. they had their darkest moemt. the rumors were somewhat -- they got a turned around last week when you got the aws win, the $3 billion from the dod. when they did make the decision to separate the p and l fully and spin off a subsidiary. i called that a step function for a possible spinout in the long run. these are the steps that intel need to make. and i think they may have actually seen the worse.

i think it's moving in the right direction. i think this has been good news. now the apollo news becomes more realistic to me. >> not to fore stall that debate, but we're getting breaking news out of boeing and the latest oufr to end the w workers strike. >> boeing says this is their best and final offer to the machinist union that they have now advanced. the wage increase, which was 25% over 4 years. the company is now increasing that offer to 30% over the next 4 years. they will also restore the annual bonus that was not in the previous offer. they will have a signing bonus that doubles to $6,000. previous offer was for a $3,000 signing bonus and boeing will increase its 401(k) contribution to the machinists. there's one last note. this offer is contingent upon radification by 11:59 pacific time on friday. there you have it. boeing says this is their best and final offer.

the main point here, 30% over the next 4 years, as you know from our time out in seattle, we heard time and again from people on the picket lines, we want 40%. it's 30% enough of to get it over the threshold, we'll find out. back to you guys. >> just quickly on that note. analysts are watch wrg they offered 26% wage hikes, $3,000 bonuses, health insurance, 401(k) enhancements and employees rejected the contract and voted to strike. >> a lot of organized labor unions, the unions whether it's in aerospace, automotive, they believe that this is their time to push the companies as far has they can. in the case of boeing, they believe it's 40%. just for context, 95% of the workers rejected the last contract. so if you're boeing, you have to

go from 5% who accepted it up to 50%. that's a high threshold relative to where they were a week ago. let's see what happens now that the machinists have that offer. >> thank you very much. phil lebeau with the the latest on boeing. as we turn to its troubled sist or cousin in tech. i don't know if you want to respond to what daniel said that maybe it is darkest before the dawn and they come in with a much-needed cash infusion. >> i don't think they need any cash. maybe i'm an optimist, but i don't think they are desperate for cash. if you add up the cuts and the dividend suspension and the private equity, they have done a deal. they sold half for $11 billion and the brookfield money and the government subsidies, it's like $40 billion of incremental cash on to the balance sheet. i think their cash balance is okay. i don't know. and i'll be honest. i think it's pessimistic here, but i don't think you want to take private equity money unless you have to.

those guys are not billionaires for no reason. you're not going to get the best thing. you don't want to do that sort of thing unless you have no choice. i understand the whole idea it's a vote of confidence. i would rather see them get along without having to take funding from private equity. i don't know how good of news that is. >> your thoughts here? >> it's a bit more in the weeds than i focus on, but i think when we have this backdrop of a soft landing plus rates coming down, i think you'll start to see more opportunistic value searching investors look ing fo deals. i think there's opportunities there. i think some of the banks that are doing those businesses can can also the benefit as well. >> does intel and its current plight remind you at all of general electric some years ago. >> i think it's got some similarities.

i think what intel is going to be able to do is focus now. that's been the key. i think they were way too distributed. they got into way too businesses and had so many spin offs. they slowly and now by force of the performance of the business, they have moved to a much more rapid path towards getting focus. they have a better part with their newest ai pc. there's no proof that it still needs to come there. i think overall, intel has gone through a lot of of these dark moments. now we're as a public starting to see it. but i have had the chance to talk to pat and the chance to look at these parts and evaluate them. they are directionally in a better place. to michael's point, it could be interesting. you have to have the horizon. this isn't going to be a turn around in weeks or months. this is years. >> gentlemen, thank you very much. appreciate your time today. coming up, an exclusive interview with bank of america ceo brian moin hasn't. his thoughts on the rate cut.

and much more. "power lunch" returns in two minutes. (♪♪) (♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com

craig here pays too much for verizon wireless. investment objectives, so he sublet half his real estate office to a pet shop. there's a smarter way to save. comcast business mobile. you could save up to an incredible 70% on your wireless bill. so you don't have to compromise. powering smarter savings. powering possibilities. switch to comcast busines internet and mobile and find out how to get the latest 5g phone on us with a qualifying trade-in. don't wait! call, click or visit an xfinity store today.

welcome back to "power lunch". when last we spoke to brian moynihan, the markets were waiting and wondering what the fed would do. now that we have gotten a half point rate cut, let's talk again to brian to discuss what lies ahead for his bank, for the economy. he's standing by with our leslie picker in boston today. >> good morning. thank you, so much for being here. when you were onness in, you said the fed could be late in cutting but you would know more

after the fact. so now that we have seen that move, are your concerns ass assuaged? >> it's a good start. i think our team increased the rate cuts early on. at the end point, our team was 3%. it's realtime consumer data in the month of september, it's a stabilizing of the spending rate around 4.35%, consistent with a low growth, low inflation environment, where it was in '17, '18, '19. they have to be mindful that if they really want a soft landing, they have to make sure they stay ahead and get the real rate structure down. the real beneficiary is business. the change in rates to borrowing

basis, it goes through small and medium size businesses will be a big benefit. it goes right through the index last week and they will get the benefit this week. that helps them feel better about the future. >> can you help distill down this idea of 75 basis points in the fourth quarter because the fed has the appetite to do so, not necessarily because the economy demands it. >> i think there's going to be a lot of debate as we go through the psych sl and get to the other end. the real perspective is start to finish. 3%, that's a pretty big change. it's about getting the rate environment to not be too restrictive. you and your colleagues will gt it, but the reality is you have to think about five or six quarters to a much more fundamental place. the good news is that the experts think we'll have a nominal rate structure, which we didn't have for almost 15 years.

that's important because that's a much healthier place for the economy to be. maybe a little more inflation, not 4 or 5%, but 2.5%. maybe a high er rate structure. then frankly the biggest economy in the world can continue to progress opposed to lowering rates. what's good about that is you feel that thing. the fed may move and people get wound up at 50% chance of all that stuff. but the reality is where they are starting and ending. they have to balance for lower rates and businesses and consumers being okay. if they go to foost, they incite inflation. that's the balance. the end point, everybody has the higher rate structure. >> should be cutting rates

preventing a deeper recession, make sure they kind of stick that soft landing. >> if you're trying to average 2% across time, you're going to have to run hotter. you had an unusual set of circumstances in '21 and '22. hopefully not from the covid sense, but never repeated. we were fighting a war worldwide. now we have to bring things back to normal. so the issues of long-term debt management by our country and others, learn a fiscal balance, those questions are the big questions. they will determine what the interest rate structure look like. the idea of running i object inflation, dropping the rates as inflation comes into it opposed to ensuring you get below it and can't get back up. >> speaking of the deficit, you recently told axios that we need our eyes and stomach aligned as a country in getting the deficit under control. what happens if we don't given

that both presidential candidates have presented plans that would add trillions to the deficit, if they were passed? >> i don't want to contemplate that. we have to be ready for it. we don't want to contemplate that. this country is to be fiscally responsible because it sets a benchmark. getting ourselves aligned, we have a wonderful economy, it's grown from the prefinancial crisis to almost twice the size. it's outgrown issues. it's restructured issues. it deals withcapitalism with pluses and minuses. if we forget that, that's the problem. and we have to show the world how to have a path to bring the debt, keep the debt where it should be and not let it get out of control. if it does, the benchmark for the world starts to go out of the sorts. the yield bonds and notes of being the benchmark for the world and keep that in check. that's going to come down to a

fiscal management practice that has to be residence. the reality is when we get in there to bring more to figure out how to balance this thing. i wouldn't take the political process today to what happens afterwards. we need better tax policy, better spending, all the things on the table. if you don't get that under control, that's pressure point. and ultimately, the leadership could be called into question. >> one thing on the table is president trump said he wants to create a 10% cap on interest rates. he said that last week. the average rate is around 21%. it hasn't been in at least 30 years. what would that mean for you? what would that mean for your customers if such a cap were enacted? >> it's brought it out to caps on pricing. there's been proposals. so rhode ichard nixon capped pr. it's hard to control this

wonderful dynamic of the economy. so if something happens, we'll deal with it in the future. from a policy standpoint, let capitalism, what you're seeing today is prices are coming down because businesses need to keep generating revenue. so you're seeing restaurant prices and the dollar amount in total is up 4%. the dollar amount is flat. so you're starting to see the impacts of a slower inflation rate through spending. so prices will take care of themselves because it's a big open market and lots of competition, lots of products and services in the industry. i you just have to let it run. it will be periods where it feels like it's high and low. the reality is we'll deal with it whatever comes up. the reality is a good policy is let capitalism work. let the market work. it will drive towards a good outcome for all customers. >> warren buffett's berkshire

hathway has been sell ing a lot of stock. i know you said at the conference last week that you can't why he's selling and likely not going to answer you on that. it's about worth of stock. do you see any reason? the market is wondering does berkshire see it being as overvalued? >> i don't think we are overvalued. i don't know why. it stops me from asking the question. he made an original investment and another investment. which he sold down. so i don't know. he should tell you. but look at more broadly, the market speculates on what he does. and he sold a lot of different companies and a lot of talk. but he's buying companies and

i'll let the market. we're buying it every day. >> we will leave it there. thank you very much for joining us from the world medical innovation forum partnering with mass general brigham here in boston. appreciate your time today. >> thank you. >> back to you. >> thank you very much. coming up, we'll talk good as gold. the precious metal briefly hitting an all-time high. whether it's too late to buy some or not, we explore in market navigator, next. at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial.

meet kandi technologies, where innovative, eco friendly design meets exceptional performance. with officially licensed nfl team edition golf carts exclusively available at lowe's. elevate your ride and explore electric investment opportunities. >> i had 20 years of kandi technologies. experience as an hr professional and i had reached a ceiling, so i enrolled in umgc. i would not be the person that i am today had it not been for the partnership with umgc.

welcome back to lunch. the markets have gone back to positive territory. the russell, there's rumor about chi noo stimulus, dovish comments from austin earlier in the day. nevertheless, the dow is briefly at a new record high. dom chu is here for market navigator. >> what we have right now is a there's son it's been a jugger nout. joining us to suggest a trade to stay ahead of this possible

decline, the president of n nations indexes, it was another day, another record price for gold. gold miepers are doing well. what makes you think that this particular trade is going to run out of steam? how do you capitalize on that? >> i'm going to short the gold futures. i want to sell the contract 26 55. my target once we're short is $2,550. that was a multiday top in the middle of august. it looked like the economy and stock market were going to come unspooled. that's an important level. we're always going to trade with the stop. once i'm short, it's going to be $2675, fairly tight stop, but that's buzz we would be in another all-time high. and i'm not going to go out on a limb and just keep selling as we

move higher. if we profit at those levels, we're making $1,000. if we get stopped out at those levels, we're lose ing $200. why? gold is overbought with a relative strength index above 70. it's kind of a long way very fast. it's up 2.6% over the last trading days. but if you look at its sibling silver, silver is in horrible shape. i think that's telling us what's going to happen for gold at least in the near future. silver is 5% below. it's about ready to show lower lows. i think all of the precious metals are in a little bit of trouble. and gold has just come so far so fast. if you look at silver, tough think it's going to roll over a bit. >> that's interest ing.

i didn't realize the. year to date, they look kind of the same. since may, the charts do look different there. >> what's also interesting about this trade is using the micro. so it's already lower cost, smaller way to play that gold trade, but the micro takes a more fractional size. it lets people have more latitude and not have to commit a lot. >> great point. thank you for joining us. we appreciate it. >> thank you. the white house proposing a ban on chinese vehicles and car technology on american roads. we'll get the key details when "power lunch" returns.

we invent them, we design them, we build them. and one day, we have to let them soar. ♪ i'm always coming home ♪ ryan t. writes, "moving is stressful. can you help me take one thing off of my to do list?” ugh, moving's the worst. with xfinity, you can transfer your internet in just a few taps. just a few easy moves. did somebody say “easy moves”? ♪ ♪ oh no. no, i was talking about moving your internet. this will move the internet. ♪ ♪ ooh, ooh. -let's keep it professional. professional dancers! -ok! stay connected during your move with the best in home wifi. easily transfer your services in the xfinity app. bring on the good stuff.

welcome back to "power lunch." chinese made cars could be banned from u.s. roads. the biden administration proposing such a ban on concerns over chinese companies collect ing data from cars that are connected. we are live in beijing with more details.

>> reporter: the commerce department has described the threat to u.s. national security as, quote, very real. the new rule targets the sale and import of chinese software and hardware for connected vehicles that would go also for similar russian technology. the software ban would impact vehicles modelled for the year 2027. for hardware, the ban would hit cars designed for 2030 or january of 2029, if there is no model year. the regulation wouldively bar chinese companies that make these connected cars such as neo, byd, from the u.s. market. they have been experimenting a lot with self-driving technology, which recently filed for a u.s. ipo would have to stop. u.s. as well as other car makers

that have been using and cooperating with larger companies would have to review their supply chains and potentially change their import policies. they have about 30 days to take part in the public commentary period. before the announcement, the chinese government still was quite kcritical of the idea of this type of action saying that its protectionist, but so far, one of the big questions is going to be what happens with tesla because tesla has been pushing soive ly to roll out it fully automated technology out here in china. >> thank you very much. reporting live. >> chicago fed president says many more rate cuts maybe needed over the next year while the economy is showing weakness in manufacturing with new data, rick santelli. hi, risk.

risk. >> that's an interesting comment. manufacturing has been in a rut. but you could even argue maybe it's starting to come out a little bit. the last production number was up .8% and maybe goolsbee ought to read the op-ed by our treasury secretary janet yellen. i will give you a few quotes. we are near historic lows on the unemployment rate. economic growth is very strong. and robust consumer spending, that's our treasury secretary. i guess the markets speak. dow jones industrial average at all time highs. now we could debate as to maybe austin goolsbee is looking at something different, but the currency market seems to agree with them. if you look at the bond versus the dollar, the dollar is at the lowest level since march of '22.

if you look at the euro, it's at the strongest level since april of 2022. that chart just screaming germany. it's a shadow of its previous self. as far as what's going on with interest rates, since tuesday's close and the fed eased wednesday, two-year note yields are down 3 points. 10-year are up about 9 basis points. you have seen about a dozen basis point jump. we need to continue to monitor that because in many ways, it whitewashes the significant benefits in housing, which is concentrating more on 10-year note courrelations. back to you. >> rick santelli, thank you. let's go to cohnntessa brew. >> robert f. kennedy jr. is out of the presidential race, but he wants his name back on the ballot in new york. he filed an emergency appeal. he suspended his campaign last

month and then vowed to support former president trump. he pledged to remove his own name in battleground state where is he might take votes from trump. while keeping his name on ballots in non-competitive states. japan scrambled fighter jets to get a russian plane to leave japanese air space. japan has grow ing concerns ove the relationship between russia and china. yesterday the two countries sailed warships around japan's northern coast in a joint military exercise. and private equity giant blackstone announced it is selling the business to indian hospitality company. motel 6 and its sister brand have roughly 1,500 hotels across the u.s. and canada. tyler, that's the news. back to you. >> thank you very much. the global agriculture industry is great for food and plant life, but it's on the l

biggest climate offenders. we'll highlight some startups trying to change that when we return. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities.

this is clem. clem's not a morning person. or a night person. or a...people person. but he is an "i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. let our expertise round out yours.

welcome back. last year the federal reserve had the nation's sixth largest banks perform a pilot stress test on their portfolios. the results released were less than conclusive as the banks reported data gaps and modelling challenges. a new report is filling in those gaps with a pretty striking result. >> first street ran all of the nation's banks through a climate stress test specifically focused on risk to real estate assesses and the loans associated with them. so potential losses using the locations of the physical branches, first street found roughly 30% of banks had risk high enough to hit the risk threshold level set by the

securities and exchange commission. it's a 1% or more of the bank's portfolio value. now 57 banks with a total of 627 billion in real estate loans is nearly 11% of all commercial and residential real estate loans in the country, could face, quote, material financial risk as defined by the sec. zit city bank, capital one, huntington national, citizens bank and keybank crossed that threshold. the report also found that regional and community banks were particularly vulnerable because their lending portfolios are so concentrated geographically. some had potential net losses up to 14% of their portfolios. now the problem with the fed tests was that banks mostly looked at individual hazards in isolation and they didn't factor in climate change going forward. this report looked at multiple hazards at the saim time and did account for climate change. back to you. >> as we transition,

agriculture, one of the biggest carbon offenders, releasing about 11% of global carbon emissions. it's a big problem. what if it could be a solution? and we have more on that. >> in our clean start series, ever since the industrial revolution, we have been emitting ever more harmful greenhouse gases. there are natural processes that mitigate these, but they are no longer able to keep up. that's why new companies are trying new ways of using nature to save itself. >> what if another could do the same and at the same time remove carbon perm nntly from the atmosphere? startups like lithos and eion are experimenting with enhanced

rock weathering. they use a volcanic rock. >> we apply a rock dust on to farms, and that helps farmers condition the soil or make the soil better for improvements then over time, that manages to secure and sequester carbon removing it from the atmosphere. >> it's similar to agricultural lime. but when it rains, it goes through a chemical process that causes it to observe absorb co2 permanently. >> by 2030, ideneon will be removing 2 million cars of carbon from the atmosphere every year. >> they get it from norway, and that make it is slightly more expensive. but by using different types of tax credits and carbon removal purchasesings, they are able to subsidize the costs for farmers. >> what i get is a discount

product that shows up on my phone at 50 to 60% cost reduction over what i would pay for an equivalent product. it's an immediate financial benefit to me that has positive impacts on my bottom line. >> it's backed by growmark, trailhead and ridge line. total funding to date $20 million. they operate mainly in mississippi now, but this year they expect to expand into illinois and more of the midwest and midatlantic. she said now that they are out of of the seed stage, they expect to reach hundreds of millions of dollars in revenue over the next five years. back to you. >> a lot of people looking at this technology. thank you. wake up and smell the coffee. cifi upgrading to a buy. we'll trade those shares and cness in is scelebrating this month. here's the founder of skin care sharing her story.

>> i grie up with my grandparents. my grandmother was obsessed with beauty. she would host parties. i learned the power of doing self-care together with other women and how amazing that feels. i had brought that into company since how amazing that feels. and i had brought that into my company since the beginning. it's not something that's boring that we have tdoo but that we all enjoy this aspect of self-care and taking care of ourselves that makes us feel good. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo

new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job on indeed, it's easier for talented candidates to find it. which makes it easier for you to hire them. visit indeed.com/hire

time for today's three-stock lunch. here with us is wilmer goff. we have shares of meta, trading higher after two bullish analyst notes. citi raising price target to 645. b of a reiterating its buy ahead of its connect conference this week. >> they have their conference coming up this week. zuckerberg is a leader in virtual reality, combine that with a.i., you were talking about it 30 minutes ago, a

stealth a.i. play. i think they're a pretty powerful combination, especially in health care, with vr and a.i., a technical pattern, it's going to be a buy in my opinion. you have to play the wave higher here. >> all right. there you go. >> a lot of optimist around this name, that's for sure. let's move on to general motors, which is lower today. they announced plans to lay off about 1,700 workers at its kansas plant. bernstein lowered its rating on the stock. they are warning about earnings headwinds and capital market risks. might be some financing needs coming up here. a little tougher one, will. what do you do with gm? >> i'm going to go ahead and say this is a sell. it's tough, as you just mentioned. you have the chinese software/hardware ban on connected vehicle from the biden administration, which is being proposed. which is a good thing for us here in america, bad for software use in those vehicles.

layoffs in a plant in kansas. the stock hasn't gone anywhere in years. by years i mean decades. combined with huge company, a lot of issues with balance sheet, pensions, massive workforce. it's not going to go anywhere. play the range, sell here. it's up, you know, 50-some-odd percent year-to-date so it's an outperformer. i like selling it. maybe buy it at the lower end of the range, if that ever happens. opportunity calls here, so move on from it and sell it. >> let's talk about keurig dr. pepper getting an upgrade from buy to neutral at citi, which says valuation is attractive on this one, saying u.s. coffee volumes are poised to rebound. shares of kdp higher today. your trade on this one? >> yeah, i like keurig dr. pepper here. i'm going to go along with citi with the upgrade and go for buy. it's about a $50 billion market cap stock, growing at 7.5%. it's very well positioned there.

good company with diversified portfolio from keurig, dr. pepper, ginger ale and schwepps. if you think about the economy weakening, consumers reining in with their spending eaten up, they go the cheaper alternative. k-cups are cheaper alternative to starbucks. valuation, about 18 times earnings cheaper than pepsi, cheaper than coke, cheaper than starbucks. it's a slow and steady growth opportunity here. so, i would buy it, especially for those long-term portfolios where you want to own just good household names in a ptfioorol. i would be a buyer there. >> okay, dr. pepper keurig is a buy. thank you very much. we appreciate it. we'll take a quick break. we'll be right back. of our clies are likely to recommend us. ameriprise financial. advice worth talking about.

something amazing is happening here. climate researchers are weathering a data storm. that's because cdw transformed their devices and infrastructure with lenovo thinkpads and powerful edge to cloud solutions,

delivering faster insights and increased performance, giving them the scale to stay ready for whatever's next. make amazing happen. lenovo and cdw. our years have made federal one of the leading infrastructure companies. this is truly a great day. a whole lot here. i'm really just here for the at&t internet, it's super-fast so, any pre-launch concerns? what if nobody buys them? that's mean or, what if everybody buys them?

oh, i hadn't thought of that that's probably not gonna happen can we handle that kind of traffic? the network can handle it! i downloaded eight hours of true crime stories just during our last video call i'm learning a lot meet kandi technologies, where innovative, eco friendly design meets exceptional performance. our diverse portfolio includes utvs, go carts, golf carts and e-bikes. explore electric investment opportunities. kandi technologies. welcome back. dell's up 56 points. we briefly flirted with negative

territory. a couple things pushing us higher, tyler, we've had rumors about chinese stimulus. at one point we hit a record high with the dow, some dovish comments from austan goolsbee. we're trying to hold those gains. >> see if we can get another record high. meantime, thanks, everybody, for watching "power lunch." glad you could be with us today. >> and "closing bell" starts right now. guys, thanks so much. welcome to "closing bell." i'm scott wapner from post 9 at the new york stock exchange. this make or break hour begins with the future of this rally. whether there's still a lot of upside left for stocks. we'll ask blackrock's rick reider. let's look at the scorecard with 60 minutes to go in regulation. looking for more on the dow and s&p. 5716 for the s&p, up one-quarter of 1%. dow good for one as well. nasdaq is working on its own thing today. it's got a little going here. not great.

it's been a tight session.