aflac! aflac!s helped over 7 million kids develop their passion for learning. and now we're providing 88 billion dollars to support underserved communities... ...helping us all move forward financially. pnc bank: see how we can make a difference for you. >>> welcome back we are now in the "closing bell" market zone. mike santoli here to break down these crucial moments of the trading day. plus our phil lebeau is here with the latest details of jetblue's hostile auoffer for spirit and darrell crunk. >>> first off, the nasdaq and s&p 500 under pressure right now while the dow is still in the green. we're all watching the nasdaq after a pretty strong bounce, i would say, and very broad rally that we saw on friday. you might have come in today thinking that you'd see follow-through, right? especially from these oversold levels not so much. it's names like tesla and apple in particular which i noticed was down again, even though microsoft and facebook are a little bit higher. ben ammons was showing me a

aflac! aflac!topping cnbc "on the money." new apply adications for unemployment benefits rose by 19 thp last week. that is from the labor department today jobless claims hit a two-month high the good news, they pin the news on seasonal employment rather than a widespread pick-up in lei offs >>> boeing moving its global headquarters from chicago to arlington, virginia, just outside d.c. aviation giant announced the move just today. it brings closer to government regulators and one of the biggest customers on the defense' side, pity of the pentagon boeing first moved to chicago from saelt back in 2001. >>> and new look for bun of the internet's first viral phenomenon the dancing baby 3-d graphic till makes me laugh. it swept through emeal chains around the world back in 1996. 26 years on, the dancing baby creators are are giving it a digital facelift and if the release gives them enough, they are releasing it as ap nft, obvious limit no kolly from ali mcbale on wall street as reported, yesterday's bi

luckily, aflac will help cover his unexpected medical bills. aflac! maybe you could use the money to buy a step stool. i have a step stool. so why are you climbing a shelf? the stool's on top of the shelf, isn't it paul... (shelf crashing) yeah... ♪ ♪ aflac! cal: our confident forever plan is possible with a cfp® professional. a cfp® professional can help you build a complete financial plan. visit letsmakeaplan.org to find your cfp® professional. ♪♪ flexshares are carefully constructed. to go beyond ordinary etfs. and strengthen client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. another crazy day? for a prospectus contai of course—you'retion. a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business, with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want—

luckily, aflac will help cover his unexpected medical bills. aflac?hink he has any candy in there. am i at least going to get hit hard enough to forget this? nobody is going to forget this, ever. (bat hitting) - ohhhh i'mma call his momma. aflac! aflac! ♪♪ making friends again, billy? i like to keep my enemies close. guys, excuse me. i didn't quite get that. i'm hard of hearing. ♪♪ oh hey, don't forget about the tense music too. would you say tense? i'd say suspenseful. aren't they the same thing? can we move on guys, please? alexa, turn on the subtitles. and dim the lights. ok, dimming the lights. >> much more on our top story in buffalo coming up, but first, gas hits an all-time new high and that's what's topping cnbc "on the money. the nationwide average for a gallon of gas now $4.48 that's according to aaa aaa it's been up for 23 straight days 47 states with an average per-gallon price above $4. >>> jetblue attempting a hostile ing a hostile takeover of spirit airlines it's their second time to try to buy spirit in the last two weeks. spirit rejec

aflac! aflac!irst on cnbc this morning is restaurant brands' ceo jose -- >> hey, carl, great to have time with us this morning thanks so much. >> looking through the comps, it does look like burger king the strongest est child at the mom. we saw strong support with tom horton's in canada bk international was up, bk u.s. was relatively flat, but we continue to gain traction versus or competition 1/2 u.s all in all, a positive performance for the quarter, and confirmation we're on the right path the other people that i think is important is weren't able to contribute because to shareholders with significant capital through the first quarter, both in terms of dividend and well as share repurchases. so all in all, a positive quarter, and momentum on our side >> talk to me about, we mentioned the inflation train we're all trying to ride characterize for the time being your prizing power relative to where you think your costs are, not just today, but where they're going later this year. >> yeah, this is

aflac! aflac! >>> now the answer to today's aflac trivia question.t word you can spell using only the top row of a keyboard the answer typewriter >>> welcome back to "squawk box" this morning the hamptons real estate market may feel a chill this summer when you talk about market prices robert >> rental prices in the hamptons down 26% over last year. but the biggest sign of weak muss rweakness is in the fly. there are hundreds of renters still available at all price points last year it was almost impossible to find a rental by early may. supply is up by over 50% some homeowners starting to drop prices more than 30% rather than leave them empty why the soft demand? the more wealthy are traveling this summer especially to europe and many of the people who used to rent in the hamptons bought over the past two years. so the pool of renters is much smaller. if you're still looking, here's what you can get can you rent this nine bedroom home in bridge hampton on surfside drive, $300,000 a week, that's right, a week, or $1.2 million a month if you're on a hi

luckily, aflac will help cover his unexpected medical bills. aflac! use the money to buy a step stool. i have a step stool. so why are you climbing a shelf? the stool's on top of the shelf, isn't it paul... (shelf crashing) yeah... ♪ ♪ aflac! (heartbeats) introducing icy hot pro. ice works fast... to freeze your pain and your doubt. heat makes it last. so you'll never sit this one out. new icy hot pro with 2 max-strength pain relievers. (all): all hail, caesar! pssst julius! you should really check in with your team on ringcentral. oh hi caesar. we were just talking about you. yeah, you should probably get out of here. ♪ ringcentral ♪ >>> now the answer to today's aflac trivia question. what is the world's fastest production car the answer the koenigsegg jesko absolut, reaching a maximum speed of 330 miles per hour >>> spotify ceo tweeting a message announcing he's going to be investing $50 million in the music streaming company saying i've always been vocal about my strong belief in the company and i am investing $50 million in spot i believe our bes

luckily, aflac will help cover his unexpected medical bills. aflac!se the money to buy a step stool. i have a step stool. so why are you climbing a shelf? the stool's on top of the shelf, isn't it paul... (shelf crashing) yeah... ♪ ♪ aflac! >>> now the answer to today's aflac trivia question. what year was nasa founded the answer, 1958 >>> it is the first increase in mortgage demand in months. let's get right over to the breaking data. diana olic's got it. what happened, diana >> mortgage applications rose for the first time since early marches, but i wouldn't get too excited. it was due to a very brief and teeny drop in interest rates last week. but those rates are already back up again, tiny, but it was a change, and as a rushlgts who whoever was waiting to refinance jumped in. really really, it was the home buyers driving the application. applications grew 4% over a week but we are right in the middle of the spring housing market more inventory is coming out, but not enough there is a sizable move, and they held there yesterday as well as we all aw

aflac! aflac!he's a posh virtual receptionist at the ready 24-7 to answer your calls and assist your clients. you can't be in two places at once. let posh answer. posh virtual receptionists. >>> now the answer to today's aflac trivia question. who founded the world economic forum? the answer clause schwab. >> the meta verse, a virtual world where can you go shopping or socialize, it's become ing a real-world investment opportunity. as investors around the country have learned, virtual reality can leave your funds virtually wiped out. >> it seemed like the possibilities could be endless and ever changing. >> i thought wow, what an awesome opportunity. >> it was prime real estate. >> reporter: welcome to the meta verse. a new digital world where use kearse attend private parties, concerts, game beinging events they have names like the sand box and super world. but fraud has hit this new digital frontier in rural maine, a theft onlane >> i remember you coming into the room, it was really late, saying

the answer when cnbc's squawk box continues the aflac . aflac!r a shelf-inflicted injury. luckily, aflac will help cover his unexpected medical bills. aflac! maybe you could use the money to buy a step stool. i have a step stool. so why are you climbing a shelf? the stool's on top of the shelf, isn't it paul... (shelf crashing) yeah... ♪ ♪ aflac! >>> andy warhol's blue marilyn sold at auction for $195 million. surpassing what artist's untitled painting as the most expensive work of art by an american the answer jean michel basquiat's untitled in 2017. >>> we mentioned the down out about 39 points. nasdaq has nothing but,, but we see a little bounce in bitcoin >> the market's when it comes to the stablecoin >> there are companies that have a lot of interest futures staked on this. bitcoin earlier this morning touched its lowest level, dropping below 26,000, the lowest level in normore than a week which will come first, more losses or a rebound? bitcoin 20,000 or bit coin 35,000 john thorpe, who is like prescient. very timely. >> it's got to be fre

luckily, aflac will help cover his unexpected medical bills. aflac!e the money to buy a step stool. i have a step stool. so why are you climbing a shelf? the stool's on top of the shelf, isn't it paul... (shelf crashing) yeah... ♪ ♪ aflac! >>> macy's a retail bright spot, higher by 14.5%. the ceo jeff gennette joins us i want to start with your outlook. we're trying to figure out what is happening with the consumer right here right now, and what it could mean for the future it looks as if macy's has confidence you can handle the cost pressures, but less sure about how the consumer will react. what are you thinking and seeing right now? how did that factor into the guidance >> what we're seeing now is the consumer is healthy, and that's across all the value a customer that makes 75,000 and below, 75,000 to 150, as well as 150 and above. the customer spend is up, the customer count is up, and that's what we're watching. what we are clearly seeing is a shift? categories they're buying. they're stalling when you look at the pandemic categories of casual,

aflac! aflac! how will your business adapt to change?. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >>> welcome back, everybody. here's the answer to today's aflac trivia question. what company topped cnbc's disrupter list in 2021 the answer, robinhood. oops andrew >> still to come, we've got a big lineup this morning. up next, the red point venture partner, geoffrey yang talking about names to watch coming out of silicon valley, then warner bros.' david zaslav. ways and means ranking member kevin brady talking inflation, taxes the then david solomon will sound off on the market, the economy, washington. huge lineup ahead. take a look at futures, and maybe take a look at the stock price o

luckily, aflac will help cover his unexpected medical bills. aflac?on't think he has any candy in there. am i at least going to get hit hard enough to forget this? nobody is going to forget this, ever. (bat hitting) - ohhhh i'mma call his momma. aflac! aflac! new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. . >>> now then answer to today's aflac trivia question. according to aaa, which two states have seen the most increase in gasoline prices in the past week? the answer, michigan and new jersey prices have jumped 25 cents and 26 cents in the last week. >>> hey, good morning, how are you? >> shares of sofi, hi, i'm fine, how are you. the stock plunged 12% during yesterday's session after the company accidently released its quarterly results early. the fintech company's guidance that really disappointed the street the stock is up this morni

luckily, aflac will help cover his unexpected medical bills. aflac! use the money to buy a step stool. i have a step stool. so why are you climbing a shelf? the stool's on top of the shelf, isn't it paul... (shelf crashing) yeah... ♪ ♪ aflac! how will your business adapt to change? you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >>> now the answer to today's aflac trivia question. what is barbie's official birthday the answer march 9, 1959. on that day, she was unveiled at the new york toy fair. >> la-ti-da. still to come, mark mobius on where he sees global opportunity and the best ideas for a volatile market. plus we'll talk to cisco ceo, chuck robbins,

luckily, aflac will help cover his unexpected medical bills. aflac!to buy a step stool. i have a step stool. so why are you climbing a shelf? the stool's on top of the shelf, isn't it paul... (shelf crashing) yeah... ♪ ♪ aflac! >>> now the answer to today's aflac trivia question. what new york city-based company is responsible for shortening about 600 million url links per month? the answer bitly. >>> inflation's up more than 8 % since last year. we don't all spend money on the same things. so what your personal inflation rate sharon epperson joins us now with more on how can yoyou can e it out what is yours? do you know mine >> to figure it out, this is what you need to know. you need to know how inflation is affecting your budget how much you're spending and where you're spending it according to moody's analytics, take a look at what the typical american household is spending that's $450 a month more now than a year ago for the same goods and services are you typical? to know if you're typical or not, you need to calculate your own inflation rate lo

aflac! aflac!moments ago, spirit airlines announcing the board l has unanimously rejected the jetblue offer. >> thank you very much, let's bring in ted christie, ceo of spirit airlines in miramar, florida. there's the news that you voted unanimously to reject the $30 a share continder offer from jetb. is the primary thought is that you don't briefelieve this deal would go through >> that's the issue. we believe there to be a significant regulatory issue we hired some of the best in the field, worked with jet blue over the better part of a month and a half and reached the conclusion that it's not likely to be approved but to be honest, you really don't have to be an expert here. what we have is jetblue in the middle of a quasi merger with american airlines, one of the big three that they comport to compete with, and then attempting to buy a competitor and take seats out of the market and raise fares. and that's untenable >> during the extensive talks, jetblue itself admitted that a lawsuit from the

luckily, aflac will help cover his unexpected medical bills. aflac!ld use the money to buy a step stool. i have a step stool. so why are you climbing a shelf? the stool's on top of the shelf, isn't it paul... (shelf crashing) yeah... ♪ ♪ aflac! what if “just an idea” could become a family tradition? this is financial security. and lincoln financial solutions will help you get there. as you plan, protect and retire. ♪ in two seconds, eric will realize (laughs) they're gonna need more space... gotta sell the house. oh... open houses. or, skip the hassles and sell directly to opendoor. wow. get your competitive offer at opendoor.com cal: our confident forever plan is possible with a cfp® professional. a cfp® professional can help you build a complete financial plan. visit letsmakeaplan.org to find your cfp® professional. ♪♪ >>> welcome back to "squawk box," everybody. here's the answer to today's aflac trivia question. what year did costco go public the answer, 1985 adjusting for stock splits, the ipo price was $1.67 a share. shares of palo alto networks

aflac! aflac! >>> now the answer to our trivia question the company now exists under what name?>>> employees at an apple retail store in maryland this week file add request to hold a union election after a store in atlanta became the first to file it comes as amazon warehouse workers have organized several union votes with mixed results will this push tech's growth john for the is here to weigh in on all this. >> more than half of apple's employees work in retail and unlike the staff in cupertino, retail workers aren't making hypercompetitive wages and benefits they are going to push the company's ability to design how work gets done that's going to cut into apple's profits. this extra bit of bureaucracy is going to cut down on apple's innovation i don't fault the workers for w wanting better pay and flexibility. but the problem with this union situation is the gap this opens up between leadership and the workers. now look at amazon similar problem. gentleman who led the successful push at the one staten island. unions are going to make it that much harder for leaders to make m

the journalists associate of serbia, which stands up for the rights of journalists. aflac lists the names of 16 employees who died in the bombing raid 23 years ago. and the word why mm. ah, that vis serbian t. v did perhaps broadcast propaganda, but it also showed the victims of nato bombings, really dead civilians, whiskey, not military target, yet best in the end, the t. v building itself was atalla. this practice has been employed in other international conflicts. r t. b stations are subjective to targeted attacks. the lesson, the world during the war is on serbian territory. russia was always a loyal ally, place, and so trust has grown in the countries big brother and speaking to r t afterward, liliana and savoy, lego village flick through the foreign news channels on their television over highs . they see the russian news as the most reliable source of information. they learned russian at school. while the european union has banned the russian state broadcaster r t, formerly known as russia to day, you can still watch it, and serbia and linda sweet joins. ashley mobiles, amazon. what

oh tra nationally israeli groups use aflac march to push that agenda. ah, i minority opening races fall right group like the harbor, use the march to call for the expulsion of all palestinians from what was once historic of palestine. and for the 1st time, publicly called for the dismantling of the 3rd holy site in islam the dome of the rock in the alexa mos compound. ah, lisha, public security minister, him up our lead has allowed the march to travel through damascus gate. the heart of occupant is through slip amass which rules the gaza strip is monitoring the situation requires from us, we are not. his appeared to use any means in order to stop and to the, to the top of the x. the missed from doing this, a big mistakes again us all people and our policy not in the lock, some of or draws them. or we think it is or is doing no big catastrophe in this region. last year the march combined with the 1st expulsions of palestinians in the shape your neighborhood sparked at the 11th day on garza when her mass threatened israel with rockets. mitchell brock and

here al jazeera, as one of our colleagues who was shot while wearing, clearly wearing a vest aflac jacket with the word press on the front a helmet. these are things obviously synonymous with journalists and conflicts owns but she was quite clearly marked as being a member of the press and was shot with a high velocity bullish a single shot in the base of her head. i believe we have needed it for him. standing by for us in the presidential compound needed, just remind our viewers who have just joined us of what is happening today. we are here inside the presidential headquarters. this is the basis of the palestinian authority and the offices of the palestinian president. my boss was asked to have shitty in the body come to the party to have the funeral. that is, to have rather a procession of an official procession. i must say, where it shows how much of a hero and heroine she's considered here among the palestinians. we are expecting the body to leave the hospital from. my love to come here with the ceremony will be held and then the muddy. the body off city will make its way to jerusale

the journalists associate of serbia, which stands up for the rights of journalists. aflac lists the names of 16 employees who died in the bombing raid 23 years ago. and the word why i sent this serbian t v did perhaps broadcast propaganda. but it also showed the victims of nato bombings, ideally dead civilians, ziki or non military target, yet best in the end. the t v building itself was atalla. this practice has been employed in other international conflicts. r t. b stations are subjective to targeted attacks. the lesson, the world during the war is on serbian territory. russia was always a loyal ally, place, and so trust has grown in the country's big brother and speaking to r t afterward, liliana and sabo let go, which flick through the foreign news channels on their television. they see the russian news as the most reliable source of information they learned russian at school. while the european union has banned the russian state broadcaster r t, formerly known as russia to day, you can still watch it in serbia and linda. sweet joins. ashley mobiles. abilene. ready laurie this, i stil

the journalists associate of serbia, which stands up for the rights of journalists. aflac lists the names of 16 employees who died in the bombing raid 23 years ago. and the word why ah, this survey and t. v did perhaps broadcast propaganda, but it also showed the victims of nato bombings, really dead civilians, whiskey, non military target. yet, beth, in the end, the t v building itself was a tamela. this practice has been employed in other international conflicts. r t. b stations are subjective to targeted attacks. the leslie of the board during the war is on serbian territories. russia was always a loyal ally, place, and so trust has grown in the country's big brother and speaking to r. t afterwards. liliana and savoy, lego, which flicked through the foreign news channels on their television. they see the russian news as the most reliable source of information. so they learn russian at school. while the european union has banned the russian state broadcaster r t, formerly known as russia to day, you can still watch it in serbia and linda. sweet joins. ashley mobiles happening while the

insurance like aflac is a name we're buying in our portfolios too. 39 consecutive years of raising theirividend. they had decent earnings. we think you have opportunity in defensive names. you know, charles, we like financials. your viewers know i like to talk about the financial sector that had such a big hit. bank of america is one we always liked. credit card, you talked about the consumer spending, how they're using credit cards more, with short rates going higher that is great for credit cards. american express is an option. charles: i think mastercard, visa. you have to loaf them. victoria, thank you so much. jim, we always appreciate the fact you've seen these movies before and come out on top. that always helps our viewers come out on top. thank you both, appreciate it. several comparisons are being made today between yesterday's powell press conference and paul volcker's famous sat, october 6th, 1979 press conference. he had to knock down rumors he was retiring. that he wouldn't going to throw in the towel two months on the job. here is the thing, volcker was firm in his convict

into the discourse they have not come out one way or another even companies like disney, coca-cola, aflacpolitical waters with issues afforded in georgia and voting issues, they have not said anything, we reached out to them and we did not get a comment back. what were waiting to see how long can the silence last. >> there in a patient if they come out on one side the get a tip off another side. what a 50/50 country on this, you wonder what we do. >> the experts tell me even the silence on this is going to alienate customers and employees that will infuriate people it's a lose lose situation. >> were used to cup it is weighing in on that, that itself can get controversy going, thank you very much. i want to go to carry on this, the judicial crisis network, the former clerk for justice clarence thomas, good to have you. i don't want to put you on the spot i don't know if you keep in touch with justice thomas but how the court is reacting. he might be reacting to this leak in the concern for the court in the image going forward. >> this is the kind of thing that is rocked the whole clerk be