>> my sell is not a bet against stewart miller we have a framework.l builders are going to be doing well or be impacted by higher rates. we have a longer term framework that doesn't necessarily look at the quarter-to-quarter gyrations. really looks at their ability to deliver home building operating profits in an efficient manner relative to their capital. so on that basis, we like builders like dr horton, and others those are the top picks for reasons that come down to we just think they have the best returns on inventory prospects >> all right, joe, i love it thank you for joining us today >> thanks, kelly >>> still to come, a net tail wind that's how one analyst described the uaw strong this is our mystery chart. i don't think anyone will guess this one still up more than 50% over the past year. we will tell you who this is right after this don't go anywhere. with your hearing, if you start having a little trouble, you're concerned that it's going to cost you money. to this day i only paid what i had to pay for the device... when i go back everythi

follow stewart miller and he's many billions rich richer than the people criticizing it. >> always appreciater time thank you for joining us today capital management. mead home >> thank you covera of the fed decision thiswednesday live from washington, d.c. tyler and i will both be there and it starts at 1:00 p.m.5% for its worst month in a year and as we head to break, take a look at the dow heat map with apple leading the way up more than 2% today, despite today's gains, though, apple is having its worst month since december and tracking for back-to-back monthly ss f tloesorhe first time this year we're back after this. ♪ ("un monde pliable" by jeongpill song) ♪ ( ♪ ♪ ) (camera shutters) ( ♪ ♪ ) (camera shutters) ( ♪ ♪ ) ( ♪ ♪ ) ( ♪ ♪ ) >>> welcome back to "the exchange." here are the markets holding on to quarter-point gains dow up 106 and we're up 84 at the moment led by apple. some of the movers we're watching this hour include shares of jetblue down more than 5% today you could argue for no real reason and evenmore significantly hitting their lowest level in over a decade and the chart

ceo stewart miller pointed to short housing supply that's continuing to define a strong sales environment, but also noted that home builders are using incentives, including buydowns, to draw buyers in as rates stay high with mortgage demand at the lowest level since 1996. nucore also taking a hit. the steel maker now expects to earn between $410 and $420 per share while analysts were looking for $457. the company cited lower pricing as the primary reason as well as lower volumes. that stock down nearly 6%, scott. >> okay, pippa, thank you. we'll see you in just a bit. we are just getting started here on "closing bell." up next, nasdaq under pressure in today's session. (sirens) [due at target in 5!] copy that. make a hard left down the alley. network's got you covered. [please confirm requesting back-up.] -changing route. -go. roadblock ahead. ...back up, back up... reverse! reverse! next level moments, we're 30 seconds out. need the next level network. [north corridor, hurry!] -coming through! -or 3, let's go. the network more businesses choose. transplant received. at&t business. wow, y

there's something that i wish that jay powell had said, which was on the lennar call, stewart miller'sg group. he said, people respect that a house is going to cost more, so they have to act now. he has to break that, powell. he has to make it so you feel like, you know what? i better sell now, it's going lower. right now, it's, i better buy, it's going higher. and until that ethos changes in our country, you are not going to see a fed that is a dove. it's going to stay a hawk. >> that's interesting. you've talked a lot about food inflation this week. >> terrible. >> callan with a note today about udson, smucker and campbell, about why volumes are not going positive and they're making up for it on price. >> good luck. costco is kind of wrecking the price structure. a lot of these branded products, with the premium brand, which is kirkland, and i feel like walmart, costco, and amazon are price cutters here. by the way, fedex, price cutter to some degree, and yet still takes a lot of share because 400,000 packages today because of the u.p.s. strike. didn't strike. sorry, the negotiations

there's a really interesting call for lennar, stewart miller, the executive chairman last week, he wasalking about the idea that the buyer is getting used to the idea that they have to pay more. that's the embedded inflation that jay powell most fears. so, i don't think it's such a great week so far. setting up as a bad week. >> it is. >> yeah. i think so. >> it hasn't even begun yet. aren't you getting ahead of yourself? >> i think i was asked to project as opposed to reflect. i don't think i was asked to talk about -- yeah, i did -- >> what do we need to be here for if you've already told us? >> nobody says you have to be here. i don't care. >> would you really not care? >> no, i would moan the difference. >> that's a nice way to start the week. little love. >> i'm talking about a gauntlet that the fed has to run, and the fed may feel that it's terrific and then i'd read through the -- some of the things that the uaw wants, and i think, well, okay, that's a big part, you know, lot of employees. >> yes. >> and if you looked at what they're asking for, and you're jay powell, you would