alcoa macy difficulty in supply. kriti gupta joins us. is so important when talking about how you hedge the geopolitical risk? russia is the second largest aluminum producer but when you see the supply risks come to fruition, aluminum prices spiking, it takes out call with it. alcoa has been benefiting from aluminum prices rising 123%. you will see that read through go into alcoa when it comes to gross margin which is up on the year-over-year basis 25%. this is really important when it comes to russia because, at the end of the day, if you look at their exports as a percent of global supply, they have quite a big steak in these major metal markets. aluminum 4% but look at the other ones. palladium 46% as a percentage of global supply. that is important when we are talking about what stocks are actually affected from this news. caroline: brushed aluminum wheels. looks good. [laughter] that is interesting but i want to get back to the general markets for a second. we are at session lows right now. it has been throughout the day slowly movin

because i know you like this >> yeah, you did yeah, you did. >> alcoa up 10%.num prices near 12-year highs. how long have you liked the stock and what do you do now >> the last time we were on together, i believe it was the fall this was a $49 stock-ish, when i was on with you and wilf you made be do a power pitch mel, you're familiar with the power pitch. it was an offshoot of that for "closing bell. i think the fundmals line up in the environment we find ourselves in lines up for the resources trade, and alcoa is top of the list. look what's going on with aluminum prices. not just a lot of it anymore and see what jeff curry said the other day from goldman sachs, he's never seen a commodity cycle like this in his 30-year career although alcoa has had a trumenace run as you just outlined, i still think there is more room in the name to the upside >> for the record, neither sara or i thought of mandy. >> barry manilow >> 100% certain of that. >> i guarantee people watching the show -- false, you're wrong. i have to tell you, lisa is in the control room, was lol'

a lot of uncertainty also in the commodity space, metals they have been on fire aluminum stocks, alcoa has been a big mover this year. just reversed today. confusion. nucor had done better in the last few weeks, but they also reversed today the key point, general story is value stocks, talking about energy stocks, financial stocks have been outperforming growth stocks that's been the mantra for 2022. if that starts reversing, that value, second line you see, starts to suddenly drop as much as growth stocks, some technology recently, you get another whoosh in the mashlgt and drop below current levels of the s&p 500 at the 4300 point. that's the concern where are we with the markets. the bulls keep pushing the story that this is pretty good news somehow, it will lessen chances of 50 basis point hike i suppose so potentially but a lot of damage being done overall economic growth is strong but the question is nobody can figure out to what extent it might be slowing through all this earnings are strong, second and third quarter numbers are very high on hopes of reopening continuing to grow

so mean if the man in a small supermarket cells, disinfected wipes, crisps and drinks of no, alcoa, the entire olympic village stop left to remain in the bubble for a long time on the caller paralympics and in mid march to the village. well closed then, and the staff will have to spend another 2 weeks in quarantine here. and then 7 days in quarantine at home. she did that's a total of 3 months without any contact to the outside world. in the adjacent building, more anti virus measures. oh yeah, that rather than getting human assistance you a robot has been designed to help the athletes as they arrive with an employee, tries to demonstrate yahoo adolfo della you know, where is a buffet to stories. there are so many people here. not merely believe the bible says it doesn't understand. in chinese, she tries again. i did the story, i will take you to baggage door your eye is way. if you don't want to go, you can say some more of a switch to english. the robot sets off. humans also replaced by robotic technology in the cafeteria for present media. rather than meeting chinese people out and a

we are seeing some of those losses there, but alcoa is one of my favorite of mine -- one of my favoritesrussia is one of the biggest producers of energy in the world. it's a similar spike when you look at the ruble. the ruble is higher on the day against the dollar, and it's important to keep in mind that this is as much of a story about technicals as it is about that geopolitical risk. we cannot forget about oil when it comes to the geopolitical tensions that are being baked into the market here. brands, the backwardation showing you how strong it is going. the spread between the first and third month contract. we are nearing the $100 per barrel, so as you see with the market is thinking about these geopolitical tensions, we are really reflecting the uncertainty around the situation. not the only story driving markets, we have a earnings rolling in. home depot is down on the day despite pretty strong sales numbers. the forecast of a deceleration in their profit going into 2022, a miss on their gross margins, essentially the pandemic play losing a bit of its luster. then you see a consum

and japan struck a deal to roll back the trump era tariffs on steel alcoa, century up more than 11%. slx on pace for the best month since last march on the flip side, the fin tech names are under pressure robin hood tracking for the record loss. apple announced a new tap to pay feature for businesses that would seem to compete. block down 1%. but here's some of the chinese stocks take a look at the tech names. posting back to back weekly gains for the first time since october. it's flat on the year. around 36% with a 3% gain. over now for a cnbc news update. >>> in minneapolis authorities have heired a 17-year-old in connection with a homicide investigation that led to a s.w.a.t. team fatally shooting ahmad lock >>> if you plan on betting on the super bowl, you're not alone. the american gaming association expects 31.5 million people will be putting money on the game total bets are predicted to jump 78% from last year to more than 7.of billion on the news tonight, for the first time in 20 years major league baseball has reportedly stopped testing for steroids find out what's behind t

brazil and south african are also very strong metals year-to-date, when would you think you would see alcoaminum, metals space, specialty metals company, also up 49%. most of the steel names are up 8, 9, 10, 12%. the energy names moves up, particularly in the high beta energy stocks, marathon oil, devon, these are high beta names. they tend to move more than the energy complex any given day those are not toips, everything you see up about 30% as for the marks, one thing the traders seem to agree on with this russia confusion has reduced the chances of a 50 basis point rate hike in march everyone wants to believe that whether it's true or not is unclear. that's where a lot of people seem to be over the weekend. the growth is very strong. they want to look for signs of slowing. you saw from rick's report, it's not happening. earnings are still strong. interestingly coming down for the first quarter, still going up in the second and third quarter. that's because analysts want to believe we will have a crazy strong spring reopening. why shouldn't you believe that we are getting crazy prices for

works to commodities if that's the case, you know how bad that would be for stocks i mean, other than alcoa, which is -- but i come back and i say, well, wait a second, what happened to the oil stocks yesterday? we were at the height of when we had tension, putin on the border you know, we got battalions everywhere and then the oil stocks just cratered yesterday, and the top five decliners in the s&p were oil companies. what do you think about that now the biggest one was the old simerex, that's the most natural gassy of the big independent oils, and that was down the most i thought they needed our natural gas. again, i'm looking for signs of peak i'm not looking for signs of this is a staging ground i'm looking for peak, and yesterday you could argue, wow, the oils reversed it horrible. that's typically not a good pattern, and they're down badly today. down badly now, my charitable trust owns devin. we're up huge. devin is the highest yielding stock on the s&p 500, because they pay a special dividend. we're all going to be attuned to the special dividend if devin does not go up tomorrow, a

an outside observer, you look at these top holdings, general motors, occidental petroleum, deere, alcoaese are not companies that are typically screened in for climate focused etfs i think your head of etfs said fewer than 200 companies account for 80% of corporate greenhouse gas emissions, and these are actually the companies that you're screening in here so can you help us help explain what your thinking is. >> absolutely, leslie. nice to be here. so the new fund that's launched this week is actively managed. and it's an opportunity to deal with climate emissions, but it's also a performance opportunity so in actively managed fund, what we do is we're giving people a way to take part in this huge investment over the coming decade. if you think about the changes related to climate, this is a $4 to $5 trillion opportunity to invest in how we go through an energy transition and climate sensitive stock transition so what we do is nothing like any of the other esg funds, frankly. it's an opportunity for people to hold these big public companies that are on the right path to drive value cre

treasuries did not make a huge move, oil prices, the commodity names have worked lately i was looking at alcoatell us there is a massive growth scare right now. what does it tell us >> the bull case is just general shortage, it is a supply demand imbalance. it doesn't say slow down, i know this becoming cliche to talk about boom inflation i'm not sure it is about u.s. domestic consumption boom, but there is a boom in demand for stuff. it is not -- it is not a familiar growth scare that the market undergoing. it is much more about the transition from, you know, everything working in favor, you have 20 plus percent earnings growth, along with a fiscal push, along with a very predictable fed. i don't think it is about zero fed.fed. i don't even think it's about zero fed i think it's about the range of possibilities for where rates go is so wide, relative to what we got used to. and that's what the market is trying to come to terms with at this point and again, overlaying all of that is a massive just valuation adjustment and that was going to happen almost no matter what. it was just kind of, man