>> for your three. >> for your three. >> free fisher guides. when emergency strikes, first responders rely on the latest technology. that's why t-mobile created t-priority built for the 5g era. only t-priority dynamically dedicates more capacity for first responders. >> and welcome to power lunch fly. markets fly. >> it's my best. >> philly impression. your money is on the rise again. stocks are higher. it's a good sign. >> because mondays. >> have been a little bit. >> manic so far this year. plus, why one of. >> the world's biggest energy companies. >> now in. >> the sights of. >> a very. >> aggressive hedge fund. >> and speaking. >> of energy. >> europe's woes getting even worse. >> power prices popping. >> kelly, you may not. >> care, but we're. >> going to. >> tell you why. >> what happens. there matters here. >> and we have lyft and mobileye

both rising today as they announce plans to team up with a japanese company to bring robo taxis to dallas as early as next year, and plans to steal thousands of vehicles to additional cities, mobilize up almost 15% nymania to keep an eye here, folks. gamestop and microstrategy i'm sorry strategy are both higher today. gamestop ceo ryan cohen posting a picture of himself with michael saylor. that's it. that's enough to get gme up 8%, but it's still only a $26 stock. oh, and microstrategy did announce that plan to drop micro from its name and become brian. just strategy. speaking of strategy, let's hear from the president shortly who will impose 25% tariffs on all steel and aluminum imports, including those coming from canada and mexico. the new tariffs would be on top of existing metals duties, and shares of u.s. aluminum and steel makers are surging today. cleveland-cliffs is up 18%. other names like nucor, alcoa and u.s. steel all posting solid gains as well. canada big supplier of aluminum,

more than 80% of it into the us market. joining us now to discuss what impact these tariffs might have on his province and country is the premier of ontario doug ford. premier ford it's good to see you again. welcome. >> well it's great to be. >> on. >> again kelly i appreciate you. and brian having me on today. >> and it's been on again off again for tariffs. but it sounds like now steel tariffs aluminum definitely moving forward. aluminum looks like it could have an especially large impact. >> it really. >> could on both. >> and this. >> is totally unnecessary. >> attacking your closest. friends and you know treasured allies that we've stood shoulder to shoulder. and we're just stronger together. kelly evans saying let's create. >> an. >> american fortress because it's going to benefit both countries, americans and canadians. these tariffs are going to hurt both countries. mark my words. and unfortunately, the president has gone down this avenue, which there's no no reason to we can have two strong, wealthy, safe

countries if we stick together. >> right. but let's talk, if we can, about exactly what the canada aluminum sector looks. i mean, first of all, you and others have been pretty vocal in trying to come up with a retaliatory tariffs. i remember going back to whether it was going to be 100% tariffs on tesla's. if that first round of blanket tariffs went through is anything like that being discussed now if it's steel and aluminum. >> well, that's the last thing we want to do. but we will retaliate. >> and you know. >> canada will feel the pain, there's no doubt. but i can assure you, when we retaliate. the americans will feel the pain. and for what reason? there is no reason. you know, our trade with ontario is split equally. >> down. >> the middle. we do approximately 500 billion canadian going both ways. and if you take energy out of out of the sector of trade federally, then all of a sudden now you have a $45 billion surplus on

canada. and we're we're the number one customer to 17 states, number 2 to 11 others. canada. i'm sorry, ontario alone. canada. we're the number one customer to 28 states. why why would you go up and attack? your number one customer is beyond me. but there will be retaliation. >> well, with the premier ford, it's. >> brian sullivan. thanks for. joining us. >> got a lot of. >> friends friends up there. >> in guelph, by. >> the way. >> you know here's don't get a speeding ticket there. i learned that the hard way here. here's the reality though is that. >> when you. >> impose tariffs. to push back on us, the people suffer. i understand why you want to punch back. i totally get it. you're going to do it to us. we're going to do it to you. but at. what level of tariffs is it just kind. of mutually assured destruction where we're each punching each other. >> and nobody's. >> really winning? >> everybody's only losing. >> now under 100%. brian, you're bang on. do you know who wins? america loses. canada loses.

i'll tell you who wins is china. china is sitting back laughing, and the whole world is laughing. watching two of the closest allies in the world, you know, go, go at each other. it just doesn't make sense. i know that america needs our critical minerals because china has cut them off. who has the critical minerals? ontario. and across the country, they need our energy, our oil. they need our electricity. ontario keeps 1.5 million lights on in new york and in michigan and in minnesota. and the list goes on and on and on. and we need each other and we're stronger together. we didn't we didn't start this fight. brian and kelly, i love the us. i spent 20 years of my life there in chicago and new jersey. canadians love americans, and i know americans love canadians. i talked to so many people, elected officials and business people. no one's pointing north to the border and say canada is the problem. they're pointing to china and saying china is the

problem, which i agree. >> yeah, 4.4 million. barrels of oil a day imported a lot of it, obviously a very special type. >> of oil. >> some of it's. >> going literally directly via. >> pipeline to us refineries. they can't use any other oil. they're landlocked. they can't get the oil from anywhere else except for maybe like a barge or something like that. >> which could. >> be environmentally dangerous. >> premier ford so. >> what do. >> you think is the ultimate goal? i'm sure you're dialed in talking to trudeau and others. what is the. ultimate goal, do you believe of the white house and the trump administration? >> what do. >> we want. >> from you? >> well, that's what everyone's trying to figure out. if, you know, if president trump could set a bar and say, this is what we want, but one day he's saying we have 30 days the next day or the next couple days. he's saying they're going to put tariffs on. so let's let's sit down and have a discussion and find out exactly what the president wants. we're more than willing to sit down and negotiate a fair deal for both sides of the border that are

going to benefit everyone. and you know, brian, you you nailed it, that it's going to hurt both economies. the market's going to drop. as sure as i'm talking to you as soon as this breaks open it's not going to be good. it's basically a tax on the people attacks on americans, a tax on canadians. and i don't believe in i've never raised a tax in my, my whole career as as the premier, and i never will. i believe in putting money back into people's pockets. and i know president trump does too. so let's let's make it the two prosperous countries in the world. uranium, for example, you need uranium. well, the largest uranium mine comes out of saskatchewan, comes over to ontario and then gets enriched down in the us. your farmers need need products, potash to keep their farming going. we want to ship more electricity, more oil and more uranium, more nickel, more critical minerals. that's what we want to do.

>> is the flip side of that what retaliation might look like? i mean, what what can you tell us about the steps canada might take in response? >> well. >> we're going to discuss this, right? right after we get a full look at the tariffs that president trump wants to go on. i saw cleveland-cliffs on, on your screen. i just got off of the ceo. big companies like dofasco that have plants in alabama. this is not good. i'm telling you it's not good. and hopefully we'll be able to sit down and continue building a strong relationship that's it's not going to be good for either side. you can't turn off the auto sector that's been around for 19 since 1960. and, you know, just pull a switch and say, okay, cars are now being manufactured, which by the way, we buy as many cars as we sell down there. >> yeah. did you call him or did he call you ceo of cleveland-cliffs? >> well. >> i've known him. i've had him in my office when they bought

stelco up here. i've talked to him. i've talked to other ceos and i'll tell you, i haven't found a ceo. that that's all in favor of tariffs. we're so intertwined, our you know, no matter if it's the procter and gamble's or unilever's or any of the large fortune 500 500 companies, the walmarts, the costco's, we're so integrated and we support each other and we just don't attack your closest allies. it's you know, some canadians are if i can put it this way, people are hurt. they're dismayed. they can't believe this is happening. and, you know, we're going to work through this and everyone's going to benefit, hopefully at the end of the day. but this is this is a shocker, to be honest with you. >> premier ford, thanks for joining us to react. we appreciate it today. >> i love america. >> of ontario, canada. >> and talking about. >> lorenzo goncalves. >> the ceo of cleveland-cliffs. >> yes. >> once called me a fill in on a earnings. >> conference call.

>> i'm surprised that. >> i called him. he called me. we had a nice conversation. lorenzo. you're welcome any time on this program. >> indeed. i was just going to say it seems like it would have so much meme stock potential. he is. so. i mean, you've heard comments from him over the years. he never minces words, and it's often a big mover on these big geopolitical. >> we. >> should take power lunch on the road to guelph. guelph or. >> sarnia. yeah, sounds good on the metal front as well. we have gold rising to another all time high today. in fact, it's getting very close to $3,000 an ounce, which is leading to some chatter from the government as they're looking for ways to kind of, you know, capitalize on this and maybe, you know, fix our debt crisis. in fact, gillian tett, writing in the financial times over the weekend that if the us did revalue its gold holdings, it would inject $800 billion into the treasury. so this idea is making its way to her and others. currently, the gold is only valued at $42 in national accounts. and brian, this gets mentioned in surface, you know, time and again, whether they do or don't do it doesn't solve anything

fundamental. but central bank purchases of gold are a major trend, and one that has continuing to drive this bull market. >> so can you help. help me. >> understand, because i actually we do a morning call every day and i don't fully understand this story. you do. >> i'm not sure that i would understand the accounting of it, but i can understand conceptually if for whatever reason, we're holding it on the books at $42 and it's worth what it's worth, and they revalue that, then voila. now how does that actually flow through? i couldn't tell you that. >> does this go to that story that trump was sort of claiming that they found irregularities? >> people are wondering. >> in the treasuries. >> yes. so the comments he made on the plane, on the way to the super bowl interview to the press corps suggested that the president said, we've sort of found some ways of saving some something. >> by the way, on the 11:00 show today, money movers, there was an interview with the ceo of easterly corporation. they build and lease to the government, and he was saying that it was three x the money for the government to build the same building than him. so i retweeted that. i basically quoted that and tweeted it out. mr. elon musk

has now just retweeted me. so if i'm not here after the break, you'll. >> know, wow. >> because you're going to have to deal with about 2 million. >> about 2 million, by the way, of course, elon musk, very controversial welcome on this program. is that. >> fair. >> to say? yes. any time. >> any time. all right. on deck a red flag alert on not one, not two, but three stocks. you may own the legend herb greenberg joining us next. >> crypto watch is sponsored by crypto.com. crypto.com is america's premier crypto platform.

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dude, i really need a new phone. check out my new samsung galaxy s25 ultra. it's got galaxy ai. imagine this thing running on our superfast xfinity mobile network. and i also heard that it can do multiple things with a single command. —with google gemini. let me try it. add recipes with overripe bananas to my “dessert ideas” note. that's what you chose to ask it? i had other things planned. ask how to get up to one thousand dollars off the new samsung galaxy s25 ultra with xfinity mobile. and we'll sit out there with a glass of wine, look at the ocean and we feel like we're in heaven. >> all right. there are very few people who dig into companies like your next guest. you don't want to be on his radar. and there are some companies that are catching his eye right now, including a little. company called apple. >> you may use one.

>> of their phones. let's talk about it. bring in the man, the myth and the legend. joining us now. don't cross. look. he crossed his arms. he's, like, all ready to fight. herb greenberg, editor of herb greenberg on the street. i'm having flashbacks. although that may just be the mushrooms. who knows? herb, let's start with apple. why is apple on your radar? well. if you look at apple. >> and you. >> see. >> what's going on with apple and. >> china, you could argue. >> as. >> i have. >> that maybe apple is. >> a pawn. >> in in. >> a big. >> game of chess being played between the. >> united states. >> and china. >> and i say that because shortly after the tariffs were slapped on the last. time around a week or two ago, the. >> china, there were stories starting. >> to rumble through. >> i knew bloomberg had a story about. china saying. it had some, you know, was. >> going to start. >> probing the. >> the app store. >> issues, dealing with apple. >> that app store issue is. >> an. >> app, an app store tax, as people call it, which effectively is the 30% apple charges publishers, developers

and others to have their apps on apple. so the real question you get to hear is this as this thing moves forward. and as you see china become less and less part of apple's business, does china try to freeze apple. out of china? >> it's just something. >> i think you have to watch. >> and, you. >> know, and if you do look at that, or if you do see that apple tax retrenching, that app is actually, you know, a decent amount of revenue for apple, but it's even more profit. so it starts to have even more impact than a company where people have wondered. and i look, i use i use apple products, i love apple products. has it lost its mojo? >> no. and i will say this as somebody who's been to china a couple of times when the chinese government effectively dictates something and not dictating, you use a huawei or whatever phone, but when they when they sort of semi dictate it, there's a lot of public pressure. we don't face that here in the states, but there's a lot of top down pressure to maybe not be seen with specific stuff. all right. speaking of phones, let's pivot

to shoes. how'd you like that transition? herb greenberg deckers. they make uggs. they make hoka, which makes everybody three inches taller. what's your beef with deckers? >> it's not a beef, remember? these are risks you want to pay attention to. that's what i like to do is point out the risks you could start seeing if you look at the stock. deckers has been a fantastic investment for many people. hock is a great product. uggs, great product done phenomenally well in the marketplace, but you can start seeing changes in the filings and the disclosures the company has been putting in its filings. i called out one in june where the company basically used to say it would report its pears, the volume of pears sold that changed the word pears to the volume of units sold, which reflects the fact that they're moving more away from shoes there. as i start talking to folks, even before this last quarter, which was a dismal, not a dismal quarter, the guidance was terrible. you could see where they were starting to be, some accounting issues that were starting to concern some of the people i talked to. and then after this most recent quarter,

if you look in the 10-q, interestingly enough, as it refers to the international business it talks about, it adds the word outsized. that's very important, outsized to the when it's talking about hoka's wholesale sales internationally. the importance of that is wholesale is sell in, not sell through. hock is a really hard, hot product. does that suggest they're stuffing the channel internationally with focus? i'm not saying they are, but that word outsized is new. it's worth paying attention to. and i think that therein lies a risk going forward with dekker. >> herb, let's let's posit that hoka's growth is slowing because it simply just became so popular and saturated and what have you. then the company should be doing what i mean, trying to look for other brands that they can. they paid. it was like a couple hundred million dollars, maybe less for hoka, and turned it into this incredibly valuable franchise. are they going to have to find a way to do that again? >> well, i you know, you grow

through acquisition only takes you so far. it's really in their case, just how far can that one brand go or you know, remember uggs is doing very well too. uggs is their other big shoe brand. but in terms of hoka, what you start looking at is the competition hoka's brought upon itself because hoke has done so well. if you start looking at running shoes or walking shoes or whatever shoes you have, everyone out there has a hoka product that they're emulating. and that to me is a very important part of it. again, they're victims of their they're potentially victims of their own success. >> yeah. well, let's move along and talk a little bit of super bowl buy, which is only to say and brian, maybe you can tell us this hims ad. did you actually see it that the hims ad. >> yeah i did. >> and they're they're poking her kind of at the big pharma companies and kind of saying, you know, you're the problem and we're the solution here. but do you think there's more to the story? >> i think there's a tremendous amount to the story. look, i've red flagged this company when the stock was half of where it is today, so i don't i look like the chump. but if you look at

the stock right now, this stock is up. not because of fundamentals. it's up because of a short squeeze. the mother of all short squeezes as they like to say. and that's fine as long as the fundamentals follow it out. and the company is going to report earnings pretty soon. they're going to report fantastic numbers because everyone looks at the credit card data and it shows it's going to be fantastic because of the glp one drugs. but there's a battle going on under the surfaces between the fda and the company and the pharma, the drug companies and the company over their ability to sell compounded versions of these glp one seconds. it the ad, by the way. >> i'm going to jump in because last year we interviewed the ceo of lilly at their headquarters in indianapolis, david ricks, and this compounded word. and i'm not saying it's good or bad. i want to be very clear. i'm not supporting any side, but compounded just means it could be done differently. correct. and that's i think the key word is that it's a sort of a custom mix. and when you see the word compounded, i think as a consumer of any drug, again, not saying good, bad or otherwise, but when you see that word

compounded, just make sure you know what exactly you're getting correct. i mean, that's kind of the thing. well. >> and in this case, you're compounding something that you're only allowed to compound. remember, these are patented drugs. you're only allowed to compound it because of a shortage or a perceived shortage, or increasingly, what appears to be no shortage of these glp one drugs. and what i will say, especially if you look at that ad, what you really have to say is this if the new administration, under the new administration, they're going to gut the fda, there's going to be no more fda. in fact, patents as they relate to drugs, no longer no longer valid rule of law, no longer valid. then you know what? maybe hims has a leg to stand on, but there's something else here, even beyond these glp ones, where there's tons of competition and they're the only public company that is, you know, playing off this as a, you know, a mail order pharmacy type situation. you also have to look at the fact that their underlying business. erectile dysfunction, drugs, baldness,

drugs, all that business is going like this. that business is not going like this the way it used to. so if the glp one start to lose steam or somehow they can't sell these drugs, which is what the fda is sort of wrestling with them there and you have a problem. therein lies the risk. >> got it, got it. the key lesson here is watch to make sure that erectile dysfunction drug market doesn't start sagging. we got it loud and clear. herb greenberg thank you. >> always a pleasure, brian. >> you're welcome. >> up next, we're taking a lunch break and chatting. two interesting stock stories. we're back right after this. don't go anywhere. >> nothing stands still. not technology, not the market, and not franklin templeton. we've been a firm in motion for over 75 years, always innovating. today, we're a leader in public and private markets, digital assets and custom tax

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landfills and how w.m is always working for a sustainable tomorrow at. m.com/stories. >> experience the power of cnbc pro all new investing tools securely linked to your brokerage accounts. become a smarter investor with the power of cnbc pro. go to cnbc.com slash get pro now. >> all right welcome back. and so we're in these chairs which means it's time to give you what we'll call maybe a power lunchable i don't until we get sued. we'll say that some quick hits on big stories that you need to know about. first up is bp, the big hedge fund elliott management. reportedly kelly taking a stake in bp, the british oil and energy company that has gotten bp a little bit higher today. eight bucks. but even with today's move, that stock has been, well, underperforming its competitors. its market cap is now only about half of, say, shell's. and rbc says that elliott management

could be trying to break up bp. >> thus, the trend lately between ge, honeywell and the others. a lot of people have been kind of raising this point about its underperformance and say it kind of asking what it should do, should it be a takeover target, should it try to be acquisitive? can you kind of put this in the broader context, like we a lot of us here as we think? well, i remember when they went to beyond petroleum and they kind of backpedaled from that. and what happened that they have remained in such an uncompetitive position relative to competitors. >> okay, first thing, bp, by the way, i reached out to have reached back out to me. reach out to me. let's let's get murray auchincloss, who's the ceo on their former ceo bernard looney got whacked. he got let go and he was pivoting to more of a the european energy majors are under a pressure that we can't understand. we talk about climate. they live it. and they were pivoting more to wind and things like that, which are great on paper, but they're not bringing in the kinds of returns yet. they may, we don't know, but not bringing in the kind of returns that our companies are. so you look at like a shell

which said, you know what? we're going to go this way. bp went that way. bp is now trying to go back the other way. but the market may be saying. >> shell literally change its domicile to try to not. >> they moved from they were dual headquartered, dual listed like yeah, doug ford mentioned unilever, which is right next to us here. yeah. co listed. shell was co listed in the netherlands and in the uk. now they're just primarily the uk. >> because the european courts are putting a lot of pressure on them to count their entire supply chain for, you know, fossil fuel injection, all these things. so now that i wonder, so does that remain kind of a competitive challenge for them or do they relax the rules like to your point about european power? >> i'll make you a bet. let's hear it. okay, i'll bet you $5 that in five years, shell is headquartered in the united states. >> really? i don't want to take that bet, because i want. >> we're on the record. what do you call it, a time stamp. >> that's interesting though. another story we're watching is that starlink is looking to disrupt the whole cellular industry. t-mobile is now launching its satellite to cell

service in july for $15 a month. this was an ad last night, if i'm not mistaken. it will be powered by spacex's starlink and aims to eliminate dead zones. extend coverage to remote areas. t-mobile shares are up today, up 3% to a new all time high. they're up 15% this year. the stock has been a great performer. >> listen, i think i don't know if this is what i was watching. the ad was brilliant last night. whatever you think of t-mobile and i like remember the movie. it's a true story about the guy that got stuck in the rock, and he had to cut his own arm off with like, a rusty. >> yeah. >> i remember, i mean, the movie, you know? anyway, the story is unreal. and i hate to say this, probably not what they were thinking, but all i was thinking about was that guy last night because the ad was people, like, in a desert where you would normally not have coverage on your cell phone. okay, there's a point to this. i'm not just, you know, and i think it was smart starlink for 15 bucks a month, not supporting t-mobile or not, but i thought the ad was very well done. the idea is that you're never out of reach. >> yes. >> no matter even where you may

be. >> well, but there's also, i think, a point here that puts that industry and to some extent the cable industry on notice, which is to say, we've seen starlink become more widely available to use on airplanes. you've seen it become more common. look, there it is in the scary desert where you might. >> well, the guy i mean, the guy even looks like aaron ralston in the movie, which was james franco. >> but if this is a way of saying to people, hey, starlink is arriving, then that gives people a whole other option for when they're looking for internet someday or cell phone service right now. that is going to be a real competitor. and there's entire industries, cellular and cable that are on notice because. >> and we're a stock market channel sort of look at look at tmus tmus t-mobile stock. i don't know if we showed it already. i was looking at the thing last time i looked at it. there we go. >> it's all time high. >> three bucks all time high. it's doing well. >> starlink is even hanging over. so you talk about comcast, whether it ties up with charter, some of these issues. by 2030, starlink is going to be part of

that conversation as well. some more must see tv after the break. our next guest sees a potential 5 to 10% pullback for markets. we'll see. we'll talk about why and what you should do about it when we come right about it when we come right back. at ameriprise financial, we know our clients are so much more than clients. they're conquerors and champions, parents and caretakers, believers and breadwinners. the goals that matter most to you matter most to us. helping you achieve them is what we do best. with personal financial advice from an advisor you can trust, and goal-based investing in solutions. it's no wonder we have a 4.9 out 5 client satisfaction rating. ameriprise financial. advice worth talking about. i had the worst dream last night. you were in a car crash and the kids and i

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free. >> welcome back to power lunch. i'm bertha coombs with your cnbc news update. federal judge said today there is evidence that the trump administration did not fully follow his order to unfreeze federal spending, and it must release the funds. the white house ordered that initial freeze last month so that it could review spending, in its words, to ensure it aligns with the president's agenda. the judge temporarily paused that plan and said today, some grants and loans still are not going out to recipients as required. meanwhile, 22 state attorneys general have sued the trump administration today over cuts to medical and public health research funds. the national institutes of health announced the cuts on friday, saying it would save the government more than $4 billion a year. and philadelphia police say super bowl victory celebrations in the city last night led to dozens of

arrests, 29 citations and at least eight instances of vandalism. authorities say fans shot off fireworks, climbed dump trucks and pulled down traffic posts. this is when they won, i guess. i guess, i guess that's the light version. >> bertha. we all have friends from philly that live in philly. we love philly. we're glad they won. one of my friends kids was in philly last night and i said if they lose, they're going to set things on fire. if they win, they're going to set things on fire. just be careful. that's it. >> it's different. >> it's philly. >> then you. that's your team, right? didn't you want the eagles to win. >> no no i yes i wanted the eagles to win because i don't like the kansas city state farms. >> that's right. it was the joke. >> i'm also chargers fan so i naturally can't like the chiefs i was rooting against the chiefs. >> well i.

>> like i was actually rooting for the eagles. and the under 48.5. who didn't. >> that that did not happen. we're getting the over kind of on we're getting the green. how about that. the dow is up about a third of a percent. the nasdaq is up a healthy 1% today. and the s&p just a little bit behind that. all of that said. our next guest wouldn't be surprised to see a 5 to 10% pullback, in part because of the trade war and sticky inflation problems. but he's going to buy if that happens. bob dahl is ceo and cio of crossmark global investments. bob, it's great to see you again. >> same kelly. >> so bring us up to speed on your thinking here. why? you know, it sounds like you're sort of bullish and bearish. >> you know that's the message. >> i think. >> is going to be a lot of crosscurrents. >> today is a good day. >> it's green. >> well i guess. >> that's because. >> the eagles. >> but you get. >> the up. >> day and the. >> drift toward tech. tomorrow could. >> be just. >> the opposite. the value stocks run and tech pulls back. >> look back. since the first. >> year we've. >> had a lot of that oscillation. there are more. uncertainties than usual kelly.

and i think that's what's going to make it very difficult to have strategy and stick with it during the course of the year. look, 5% pullbacks happen on average every three times a year, 10% corrections. about every 14 months. so to say a 5 to 10% correction is really not saying much. >> do you have a tariff playbook. do you. ignore them? yeah. well. >> i thank you. i think it's really difficult. i think you are more reactionary than programmatic. in an advanced sense, because we. >> don't know. >> what the tariffs are going to. look like. is it a bargaining tariff? >> is it an. >> economic tariff? is it a political tariff. and it's going to just bounce around and look, the trump administration is throwing lots of things against the wall more than anybody thought they would. probably some will stick and. some won't. we don't know. what's going to stick and what not. >> yeah, i guess so. but you would you wouldn't be buying here at all time. how do you feel? the biggest argument that i hear is about whether the s&p

itself is riskier than, say, going into small caps or going into international or, you know, tilting towards value, and all of which feels risky based on the last 15 years. >> i don't disagree. look, i would lean toward value over growth. i think you have to own some of. >> the mega. >> cap stocks, the mag seven, but i think you should own less today than you owned a year ago. and do some bargain hunting in areas that have lagged. look how well health care has done. staples will get a run at some point in time. the energy stocks have done well year to date, so it's not the same game as it was last year or the year before. >> all right. if we get that pullback we'll get you back on. bob thanks so much. appreciate it. bob doll of crossmark global investments. >> all right. meantime this is going to kick off a very busy week for economic news. you got jay powell testifying before congress tomorrow and wednesday. you got some inflation data on wednesday and thursday it all could move the bond market which

could move the stock market. why am i still talking. let's go to chicago. rick santelli has forgotten more about this than i will ever know. >> you know, brian. >> it's not only everything you mentioned, but it's even more important. >> especially wednesday. >> when you. >> intersect powell. >> the house financial. >> services committee. and cpi. >> remember cpi. >> will come out. >> before he goes and testifies. >> in front. >> of the house. >> and that's. >> going to be key. >> and it's not only. >> the important. data points. >> and by. >> the. >> way you know. >> what's important with these data points. >> that whether you. >> look at year over year. >> cpi or. >> ppi. >> in the former. >> you're basically. >> right at and. >> right below the. >> 3% area in ppi. all the year over year metrics. >> are well above 3%, targets 2%. >> and we have. >> the three year 58. >> billion. >> on tuesday, brian. >> we have. >> 42,000,000,010 years. >> on wednesday. and 25,000,000,030 years on thursday. boy. >> wednesday is a key day. >> look at the year to date.

>> of two. >> year and i really want to draw your attention. we're starting to really be in a tight range. >> you could really see it if you open the chart up a bit. >> we're going sideways now. >> that chart. >> starts on 50 basis points. >> september 1718 rate cut. >> but you can see how we've gone sideways. now contrast that with. the ten year. >> now there's. >> a. >> ten year. >> year to date. >> unlike the two year going sideways. >> this guy's. >> aiming down. >> and we all know that the. >> curve the. >> curve went from over 40 basis points of steepening to about 20. and that's an important point. >> to stay. >> on top of. you see that red line on that. 917 start to twos. >> ten spread. that's a 20. i call. >> it a transversal. line it nicely. symmetry on above and below. >> that 20. basis points. >> look at that as support. >> and after. >> all the things we talked about. >> this week. >> when the. closing dust settles. >> which side of 20. would be a good clue above 20 i think a better economy. below 20. not as. good as an economy. can it

be more simple than that? back to you. >> i will be rooting for more than 20 on the twos ten spread. rick. thanks, rick. santelli. this fast food chain just had its worst sales drop since the pandemic. the reveal in three stock lunch and the stock is up. >> the bond report is brought to >> the bond report is brought to you by pimco, after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything. trove for the bad guys. >> by downloading one simple document, forging your name onto that document, and using a fake notary stamp, the bad guy can transfer your home's title into

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have to pay? >> a lot. >> of the revenue. >> streams are guaranteed. >> the countdown is on. cnbc sport official nba team valuations revealed friday in squawk box. >> all right. time now for three stock lunch where we hit three different stock stories. then try to give you the trade to go with it. and your trader today is james demerritt. he is the chief investment officer at main street research. james good to see you again. let's go. first up is mcdonald's. kind of a weird day. mcdonald's stock is up big. it's up 5%. even though sales fell last quarter. i guess bad, just not bad enough. james, you got a trade and a take on the golden arches. >> we do. >> brian, good to see you. and yeah, those golden arches. >> look good. >> on the. >> on. the market today. >> but, boy, the report. >> was awful. >> i mean, they. they missed what was already a low bar. i mean, 4% earnings decline at main street. we're looking for companies that could increase

earnings significantly and are trading at a reasonable price. this is a company that basically is reporting earnings at a loss. revenue less than expected. management just gave that perfect comment that i think gave people optimism. the stock is up. and we would suggest take that strength use it as a selling. there's many more modern brands and fast or faster food such as cava is a really good example. i've got two teenagers that can prove that. but yeah, i think this is a cell. >> we were just there yesterday. i take your point, james. let's move on from the food world to financials, where charles schwab is falling 2.5% today after td announced plans to sell its 10% stake in the company. any opinion on this one? >> yeah. >> you don't want to wake up as a public shareholder or company and find out that your largest stakeholder is selling shares. i mean, that's really some overhang on the stock. now, schwab is going to buy back about 1.5 billion of those of what they want to sell. td bank

that is. but you know that's going to put some overhang on the stock. and one of my concerns. and as a team again looking for great companies with great growth rates i like schwab's growth rate. but at 19 times earnings with this overhang of one of the largest shareholders selling i think it's going to put some, some, some brakes on the stock's ability to go go higher. i think this is a stock that yes maybe buy it cheaper. but here would be a seller. >> all right. all right. and then sells. yeah. we okay. two two for two. joker's wild. here we go. we asked you to pick a stock. we didn't. we didn't have a story. we said pick a stock that you want to talk about for any reason. you pick german software company sap. how come? >> you know we love the european market. the valuations are just way more compelling. back to buy great companies, reasonable price. and sap is sort of like, if you will, a larger than oracle or or maybe a salesforce and has a platform similar to

servicenow. so it's a second derivative ai company, really early investor in ai. and you're starting to see that come out in the earnings. i don't know if you saw a week or two ago they reported beat on the top of the bottom line trading at 22 times earnings, growing at 36% a year. i mean, what a great example of second derivative ai in this early part of the ai tech red bull market. >> and brian's been pounding the table on the german stock market, doing quite well lately. >> i've been you. >> were drawing attention to it. >> drawing? yeah. i'm not pounding anything advocating. i wrote about it one of my predictions a year and a half ago. awful economy. but that's, i guess, the point. james dimmock, thank you very much. main street research. >> pleasure and stick around. up next, we reveal the winner of the 2024 cnbc stock draft. and it was also a blowout.

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something you can sign and make official. get started at trusted will.com and make it count. >> all right. welcome back. after a nine month competition, i mean, half the people aren't even alive anymore. it's time to officially crown our 2024 stock draft champion. and it's mentalist oz pearlman. oz knows the winner. finishing up. get this 147% with two picks. carvana soaring up 240% since

the april draft and bitcoin up 48%. oh, congratulations. >> thank you. >> so much. the name was the team. always knows. >> i had a feeling. >> i told you at the start. >> but oh you can take this. and like i mean if you to be this good at stock picking is like a multi-trillion dollar skill here. >> so that is not far from the truth. and it's funny you mentioned that. first off, i have to give a shout out to my guys at bmo who helped me with the carvana pick deep analysis. we bounced that back and forth. i was very happy. so shout out to bmo, but i'm going to be honest with you, which is real talk. yes, picking stocks has a lot to do with luck though. luck. luck of the draw. you can't get this every time, but my phone's been ringing off the hook this year from your viewers, ceos, business leaders who have realized something else. you know what it is? what? it's the other skill i have, the tangible skill, which is i can read people better than almost anyone in the world. i'm serious though. think about this. forget about the entertainment. forget about the entertainment task. what if you're doing a deal worth millions or billions? and

i can look the person in the eye who's sitting across the table and tell you whether they're telling you the truth or lying to you. yeah, right. what they're really thinking, what is the value to you for that? let's give it a shot. talk is cheap. how about this? i'm going to ask you a question, kelly. and only you will know whether you're going to tell me the truth or lie. right? right. and here we go. here we go. i'm going to make it something that i don't want to go. too crazy, but you tell me the answer. and only you know whether you tell the truth or lie right now. right on. on, your honor. hold on. here we go. i'm going to throw it out there. what is your favorite number? >> and you want me to tell the truth or lie? >> okay, so that you already made that decision. i don't want to know. hold on, hold on. oh, yes. heads or tails? i don't want to know. that's your choice. don't tell me. please don't tell me. >> i give you the answer that that that. okay. >> yeah, yeah, but that was. >> don't tell me you're telling the truth or lie, okay? >> i will if you're lying or telling the truth. but you know, whether you're lying or telling the truth. do you understand? >> yes. >> so you right now, go ahead.

let's start this over. what is your favorite number? >> two. >> see clear indicators for different indicators. i could tell you that indicated to me 100%. you told the truth, didn't you? yes. clear cut. that's what i do too. >> that's my race car number. >> oh, no. >> wait. time is money. let's keep going. right. you're. i'm giving you three questions and again, the same thing. this is only, you know whether you're going to lie or tell the truth. lie, lie, lie or tell. like there's all different permutations. >> i'm in tv news. i'm good at both. >> both. yes, sir. yes, sir. here. first question. only you know, if you're going to tell the truth or lie. >> here we go. >> what's your favorite color? >> blue. >> so notice the wave, the time, the indicators of deceit. the way he looked up. didn't access his memories. accessed what he was going to say. his creative centers. left, right. you're lying. you lied hundred percent. you lie the color blue. you. of course you lied. you're wearing all blue, so i knew. hold on. next question, next question. some people will think that since i surprised you, the processing time gave it away, right? you have to think of what the answer is going to be when you lie. so i'm asking the question first. wait till i ask it a second time to answer. what is your favorite movie? now wait, so you have time to

process so you don't think that people just say, i read you right? like a poker table, you get to decide when you make the bet. and this is our second question. only you know if you're going to lie or tell the truth in this moment, go ahead. what is your favorite movie? >> the right stuff. >> so this time he tried to look away because he knew my advantage and he went against it. it's reverse psychology. i told you, i'm not the best in the business for no reason. you told the truth at the time, didn't you? right. third try. that's true. >> i told. >> the truth. >> i know you did. >> do the same crap. >> i know you did. here's the hardest question of all. >> do it with her. >> no, no. are you. are you. you're married. i see the ring. that's not a trick question. don't you? don't lie to that. here's the question. i want you to go back in time. close your eyes for this. and i want you to recount the name of the first girl you ever had a big crush on. like, no. >> what age? >> i don't know how you roll. this could have been two weeks ago. no. no kidding. >> a long. >> long, long time ago. yes. throwback. okay. something. there's no way. >> second grade. i'll go back all the way to second grade.

>> second grade. okay. heartbreaker. okay. all right. open your eyes. are we ready? took him some time. okay. what is the name of. you know what? stop. i already know you're about to lie. be honest. you're about to lie. is that correct? yes, i know you were. i saw you because there's three ways. one, the tension was because you didn't remember the name, right? so he would have been saying, oh, god, i was. >> in second. >> grade, or he was about to tell the truth and didn't want to get in trouble at home, being like, why did you remember her name so quickly? who is she? >> the second grader. >> cover your eyes. >> okay. >> please put one hand on top on your eyes. >> oh. >> and i'm going to show our viewer at home. can you swear? honestly, brian, that there is no way that i could have found this out? ask somebody around. there's no. >> there's nobody would know. i haven't told anybody. nobody knows anything. >> open your eyes, open your eyes. >> i sit on a different floor here. >> you sure do. open your eyes. haven't thought of her since second grade. what was the name of your first crush? >> am i telling you the truth. >> i wrote it, yeah. tell us the truth. >> leslie.

>> leslie. >> can we find leslie? >> and do you want to know the best part? hold on, hold on. here is why the ceos and business leaders of companies call me. because it's not just 50 over 50. if you lie, i know how you lie. that's what's worth a lot. look at me. the name that popped in your head when you were about to lie. linda. >> i'm still impressed with the stock picks. >> that's. i was going to lie and. >> say i said it at the same time you did. i know you're the same, linda. same, linda. >> we didn't. i'm not. i'm out. it all started with a small business idea. it's a pillow with a speaker in it! that's right craig. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow!

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[inner monologue] this is going to sound crazy. but i know these attack vectors. oh, had a little upgrade have we? ♪♪ okay, so that's how you want to play. ♪♪ is blown. stocks are higher across the board which is surprising because it's monday. but all stocks have been down on mondays this year. but also the eagles victory may be a bad omen not a knocking philly. love it. ryan detrick, carson group. our friend points out that whenever a philly team kelly wins a title, the eagles in 2018, phillies in 2008 and the eagles in 1980, the market or the economy tends to go down. we hope that does not happen this year. >> no, i hope not. we don't want

to double dip recession or anything like that. can i mention meta real quickly? if we put it whatever chart it is trying for its 16th gain, we've never even had a march 7th hit 15 before. it's up by 0.12. all right, people, i want the streak. keep it alive. >> i knew you were going to say that. thanks for watching. >> power lunch. >> closing bell starts right now. >> all right. thanks so much. welcome to closing bell. i'm scott wapner live from post nine here at the new york stock exchange. this make or break hour begins with streaking meta on pace for its 16th day in a row. that's the longest winning streak ever for any mega-cap name many other mega caps bouncing as well today. that's helping the market. certainly tech. we'll ask investor gene munster where that sector is likely heading from here. in the meantime, the scorecard with 60 minutes to go in regulation looks like that. well new trump tariffs on steel and aluminum being taken in stride largely by the markets today were green across the board. lots of names in that space are higher led by letter x.