love the live shot csx stock up 3%, leading the dow transports joe hinrichs of csx. >> why are we seeingmore than historically >> no. the trend over the years in general have been less accidents, less major accidents and he derailments the majority of what you see tends to be human error and accidents that happen in rail yards, for example with east palestine, derailments in general are in focus and you're seeing that legislation move through congress. >> good to see you. >>> still ahead, charles schwab ceo, walt bettinger on the banking crisis and a whole lot more be sure to tune in monday. coca-cola shares with a slight bounce this month. ceo james quency will join us exclusively. that company reports earnings monday morning we're back in two nus.mite ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ a . >>> evercore adding starbucks to tactical outperform growth as they see same store sales growth ahead. others kate joining us with what to expect next week. >> cons

. >>> all right, coming up, watching shares of csx the company just reporting results. details from the quarter straight ahead. >>> but first, a rough day for elon musk. tesla shares tanking the stock down 22% this month. we'll debate where it goes and spacex launching the world's most powerful rocket this morning, but minutes after liftoff, the starship exploded the impact on elon's space dreams straight ahead. "fast money" will be right back. to treat my sleep apnea, i'm sleeping much better. in fact, it's making me think of doing other things i've been putting off. like removing that tattoo of your first wife's name. but your mom's name is vicky too! that's even worse. ( ♪♪ ) inspire. sleep apnea innovation. learn more and view important safety information at inspiresleep.com. back when i had a working circulatory system, you had to give your right arm to find great talent. but with upwork, there's highly skilled talent from all over the globe. right at your fingertips. ♪ this is how we work now ♪ everything's changing so quickly. before the xfinity right a10g networ

welcome, boris here is the question on csx. what do you do with this stock or the space in general?i think csx is a pre-eminent transporter in the space you know, they obviously control a lot of it. basically rental freight is still going to be the dominant way things are going to be moved from a to b. even though there may be a recession right now, as long as the economy holds up, you'll see much more downside on csx. it's not cheap, i don't love it at these prices, but if you have a three to five-year time frame, it is expected to grow about 10% over the next five years so i think it's still very well managed. one idea, if you are a trader, is to sell the aug of 30 puts and buy it cheaper around the $28 level, where there is a lot of support there from a price level point of view. you will put yourself in good hands when you do that you will have a relatively decent price the yield on the stock, 1.5%, so it's not very attractive overall, i think it's a very solid, steady stock if you are going to be positioning it to the transports >> all right finally, tomorrow p&g report before

frank holland on what to expect from csx reporting in "overtime. mike, you first. tech weak. >> we talked midday about how the market's resilience has been the story in the face of what had been a pretty cautious headline backdrop. more focus as we hit stall speed and resistance level of the s&p and what the nature of a pullback is going to look like remember, we have an 8% rebound off the midmarloch lows. feels like something is going on because it's been so calm in a tight range. it's unclear anything new is going on except for maybe it's time for another little bit of a growth scare we got some soft patch suggestive data. we're sort of living through it. it's really not consistent you see services, spending strong american express had nothing alarming to say about the consumer it's a lot of give and take. >> maybe we're just going to be in this kind of pattern until may 3rd. all the fed speak hasn't done much lately. it really doesn't matter until the chair himself speaks. >> well, that's for sure >> may 3rd. >> i could say we'll go beyond may 3rd. there's not going to be

higher fuel surcharges and pricing gains helped csx shares are almost 4% higher. dom? >> kristina partsinevelos, thank you for that >>> like it or not, it's becoming increasingly hard to ignore ai. it's found its way into health care, big tech and the music business. >> how did it get so smart >> our next guest dug into what big names are using to train their artificial intelligence. we have the tech culture reporter for "the washington post," alongside our own steve kovach this is a fascinating panel and one kelly is super excited to talk about it's so amazing how quickly -- we don't even have to say artificial intelligence anymore. everyone knows what ai is. steve, take us through a little bit about the trajectory and how quickly we got here. it seems like yesterday we were talking about microsoft's investment in ai. >> a lot of this stuff has been bubbling under the surface there's a reason why google and alibaba followed so quickly. these language models have been trained for years on massive amounts of data. we just hit that inflection point where they feel confid

the csx train was reportedly throwing off sparks as it had itself pbond near stony point, new york onfriday . authorities called csx which says it then voluntarily stopped the train to inspect it, saying no issues were found. a number of firefighters suffered heat exhaustion with no other injuries, but no other injuries were reported about 100. homes were evacuated by structural damage was minor. people in parts of southeast florida, getting a break from rainstorms that flooded the area in the past few days, according to preliminary reports from the national weather service. fort lauderdale saw almost 26 inches that's about 65 centimeters of rain in the 24 hours between wednesday and thursday as the floodwaters recede. first responders, and some residents are still making wellness checks and helping neighbors in need of shelter. i have my 90 year old uncle i'm taking care of in the house can't get out. um go see after my neighbor who's 86. she's supposed to go to the doctor or can't take him to the doctors, and it's just horrible. florida's governor issued a state of emergency to get

goldman sachs and morgan stanley we get tesla, netflix, ibm, johnson & johnson and united airlines and csxa few >>> we get ready for that action and your next guest is finding optimism within the markets with technical signals of a bull market taking shape. tom lee is here with more. great to have you on >> great to see you, frank. >> tom, as you know, we ask brightest minds to share the word they believe to describe the trading day ahead. tom, what is your wex word of the day? >> the word of the day is better. >> why explain that just better? give us an explanation of how it shapes the day >> i think earnings season is underway i think the message we see from companies is results are better than feared and the economy is better than feared that is a contrast to last year when everything was worse. the better than feared is the reason stocks are levitating we have bad news priced in. >> i know you are a known bull for the market i have to ask where is this coming from? the s&p up 1%. nasdaq down 1% what is the bullis are seeing >> a couple of things. april is going to be one of the stronge

and reporting from american express and csx and blackstone at 10:15, janet yellen with the remarks onth u.s. and china. and speeches from christopher waller and bostic throughout the day. at 4:30, we get the look at the fed balance sheet. plenty for investors to chew on. let's get more insight from victoria greene. she is a cnbc contributor. >> good morning, frank. >> vicki, what is the "wex" wor of the day >> mine is judicious you have to be prudent how you invest and make sure you deal with facts is your conviction changing or update your thesis as we get a look under the hood of the first quarter numbers you need to be looking at data and not with panic it is is not smart to turn on a knee-jerk day. let's say we have new headwinds and saw something different come in look at it and be prudent and fact based when data is flying around, be smart and calm. >> i like that word. looking at the futures overall, the dow is down 140 points nasdaq is the hardest hit. down 1%. a lot for investors to chew on we heard the fed governor say some hawkish comments. we are hearing janet yellen with

stuart: csx on the screen.mer today and raising prices to cover fuel cocosts and volume freight has gone up as a result and as you know railroads are a proxy to the u.s. economy. trade, more trade and more stuff is going across the country. that's a good sign i think to reopening. stuart: i often watch the insiders in a company, whether they're buying or selling and i'm told, the prompter tells me there's a lot of talk about insider selling. susan: one of the biggest discussions on wall street, blackrock ceo larry fink selling 7% of blackrock stake, worth around $25 million and this goes back to questions over elon musk's stock sales. $3.6 billion that he sold just at the end of last year, but the question of timing because it was just before the january 2 warning that fourth quarter deliveries would miss badly and not a stock sale or paying for twitter or taxes but there's always questions when there's no reasons given on why executives are selling their own company's spare shares. what do they know that other

we also how -- earnings out of csx. and president biden will meet with the president of club you.lix: i'm looking for to that as well. that wraps it up for myself and danny. bloomberg technology with caroline hyde is next. you are looking at trading a little heavy on thursday morning. this is bloomberg. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh >> from the heart of where innovation, money and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: i'm caroline hyde at world headquarters in new york, ed ludlow is on assignment. this is bloomberg.. gs mc jumps despite global slump in chips. tesla risking margins to boost sales all humans. they have been cutting car prices on a near monthly basis and elon musk hinted at more c

. >>> time for the big money m movers shares of csx moving on earnings and revenue beats. the company's ceo says this is an encouraging start to the year you will hear more about the quarter when he joins "squawk on the street" today. coinbase shares are on track, but they are up 1% right now due to heightened scrutiny a number of factors contribute to coinbase decline. the stock taking crypto down with it. including marathon digital and an riot platforms. the mystery chart showing shares of at&t suffering the worst drop in two decades just yesterday after disappointing earnings results. at&t and t-mobile arn vend verin among the worst performing this year >>> tesla is cutting prices around the world and pressuring profit margins along the way and about to face stiffer competition from the new ev maker from china eunice yoon has more on the story. eunice >> reporter: thank you, frank. the chinese company debuted the mass market model which is meant to compete directly with the model y. the maker? zeekr. this car factory is owned by a tesla rival who you probably haven't he

. >> aren't they supposed to be awful in a recession csx, gigantic rail, reported 9% revenue growth yearver year. you don't want to own anything chemical-related either, correct? i mean, that's -- but pbg, the maker of painted plastics, delivered an excellent set of numbers this very evening. this by the way is after it already preannounced great numbers. and just really not that long ago. you could argue that i'm simply cherry-picking here. i'd come back and say are you kidding? this happens every single day because while the economist and the commentators are convinced we're looking at a recession the actual companies, they don't seem to buy into it one bit. neither are the bankers. and they'd know. right? i mean banco santander's chairman anna bautin says it certainly doesn't feel that way. and i think she's outstanding. santander's up the most of any major bank and she exudes confidence for this country and the entire world and more on that later when we speak to her and you'll know exactly what i'm talking about of course the great thing about this market is so many people believe t

csx, this is a railroad, barometer for the economy and trade. solid volume growth. volume growth, and they're also being able to price to cover their jet fuel costs. stuart: fascinating. that is fascinating. in this economy really is a conundrum. [laughter] susan: yeah. tech job cuts but maybe -- stuart: yeah. susan, we'll be back later on. thanks very much. coming up, governor of california gavin newsom under fire for a non-answer about the fentanyl crisis many industries. in san francisco. watch this. >> hey, gavin, tell me what you're going another the about the fentanyl epidemic. please. my name is j.j. smith -- >> what do you want -- >> what are you going to do about the fentanyl epidemic? >> you tell me what we need to do. that's why i'm here. stuart: well, newsom wants to be the president of the united states of america. >>> the house passed a bill that requires biological females to compete only against other biological females in women's sports. top house democrat hakeem jeffries says that's bullying trans athlete ares. congresswoman nancy mace will be here

snap back of travel demand are the airlines prepared for a su summer surge >>> from planes to trains, csxes by a nickel. joe hinrichs willing back on "squawk on the street. coming back after this. >>> time for the aflac trivia quiz before steve jobs, who served as ceo of apple the answer when cnbc "squawk box" continues y life. no coach, there is a goat here! whaaa! what's this? a thousand dollar hospital bill? but i have good health insurance! gaaaaaap! did you say 'gap'? he's talking about the expenses health insurance doesn't cover. but with aflac, you can get money to help close that gap. aflac, huh? gaaaap! aflac! gaaaap! get help with expenses health insurance doesn't cover at aflac.com ♪ i'm here with these low handicap golfers to put new maxfli tour balls to the test. how does it feel compared to the ball you've been hitting? it's definitely softer. good ball flight it doesn't wanna... flight was amazing. it just goes. sat down like an old dog in front of the fire. errrt. stopped on a dime. you need to be on tour, and you need to take that ball with you. that's the sound of a good

csx up to equal wait you mentioned piper early.go to overweight 140. >> i thought the call showed the ebitda margins are the biggest of the group we have to start accepting etsy and shopify as integral to what came out of covid and forget covid. it's just a growth stock it seems to be footballed all the time by analysts, up, down, up, down how about just owning it josh virl man is doing amazing things at etsy he's got worldwide acceptance. maybe it's time to start thinking about etsy for the long term as a very interesting company. >> they do point out valuation compelling they think active buyer growth accelerates from here. >> that's important. we've got more companies that people are buying things from. and i also think that there's going to be a broadening of the consumer package goods companies. pepsico has gone from 171 -- i think you'll find out that pepsi deserved every bit of that. >> it looked at the chart of coke which had interesting defensive moves somewhere in the -- i don't know. call it the 50-60 range. >> i think c

that >> your wife's, like, did you get the tomatoes fox chat >>> we hare going to get, for example, csxion pacific i'm worried about union pacific. maybe we'll find out what happened there they said, oh, the transition's been going far while no one knew the transition reminded me of the old starbucks transition everybody's supposed to have known but nobody knew. i want to know about that. an important thing that happened this weekend is prometheus i had them on. i'm going to have them on tonight, both merck and prometheus >> let me repeat that. both of them are coming on rob davis, ceo of merck, and the ceo of prometheus? >> we have prometheus on, and i was, like, so -- tripled, and i was like, give me a break. come on. but if autoimmune diseases, frankly, a lot of people don't want to talk about them. they have them, and they may be embarrassed or it may be difficult, but this may be the first new, targeted autoimmune that a lot of people are waiting for, family members waiting for. >> why is there a -- why do you think that people are reluctant? is it because some might not believe it