archer daniels midland, 4.5% per year and mccormick, it's a very small dividend, has been growing at 9.5% dividend growth over the last ten years so there is a way to capture where we are in the cycle and i think it's probably a good way to sort of navigate this higher for longer inflation >> we you got. grange, spices, oil, all there right in there right on the table for you. jack, thank you, man >> all right thank you, tyler >> appreciate it >> i think from the cloud to the land i saw where you were going with that >> close to the earth. you know >> all right coming up, folks, the economic angst at the ballot box. stubbornly high inflation flip the senate and the house plus, the recent market rally hero he hinges on the ballot box a look at share of uber when we come back. up 13% after reporting better than expected revenue. uber's prices are higher, of course uber ceo tez the core business is stronger than ever. more "power lunch" in two minutes. what if “just an idea” could become a family tradition? this is financial security. and lincoln financial solutions will help you get th

so the ag space right now moving into 2023 whether it's john deere, archer daniels, midland, mosaic, cor tva, a name we've mentioned on-air, these are investor names i think they want to stay committed towards because i don't know when you're going to see a bit of receding on a lot of these strong tail wnds >> part of that report cited strong demand for construction and farm equipment as well, also this idea infrastructure investments is going to pick up their infrastructure machinery there. shannon, on the industrial side you're an owner of many of these names as well. i wonder is it deere the best idea for you for industrials, or are you looking elsewhere, m aerospace? >> i think there's a strong secular tailwind for capital expenditure, real fixed investment i think we're moving into the next phase whether it's the reshoring of manufacturing or whether we're creating overall greater productivity and efficiency in a number of different secters or subsectors of the industrial sector i think when i look at our basket the theme we're looking at is that prufbtativity and efficiency imp

sector when you're studying the quality momentum strategy, so that adds to already owning mosaic, archer daniels, midland, and john deere -- it completes increasing the exposure and we've liquidatedexposure to gold now is now at negative zero. that was a slight negative trade. >> you've increased your exposure to industrials versus the s&p of 8.3 definitely going more cyclical here, joe. >> definitely -- definitely going more defensive as well look, i thinkthe only bull market you can find in the market right now is volatility so the market's going in a lot of different places and probably ending up nowhere. where can you find relative out-performance? and if you think for a second the industrial sector i think is down somewhere around 11%. but in the case of cummings, deere, i-dex, cxgp, ameritech, these are all names outperforming the sector year to date signaling something for you and very happy to take positions in each of those names when you have that relative out-performance in this type of environment. in addition to that, again, also balance sheets for a lot of these companies are in qu

lauren: and talk to me about why you like archer daniels midland? >> similar.ey have tentacles in just about every subsector there. at the same time 1.6% dividend and they have been growing their dividend at nearly 5% a year. so it is a solid, high quality companies in solid industries that we think we're going to you know prevail over the next 18 months or so, with generous dividend, that they have been growing dividends over time. lauren: we have a rally on our hand. thin trading because of the holiday but we did get fed minutes from the last meeting. it is somewhat old in the sense that fresh data out today was positive but the policymakers on the federal reserve open market committee seem to think slower is better, would you be in the camp that the terminal rate, the enrate where we end up is more important than the pace which we get there? >> yeah i think the pace is important just because of the lag effect that monetary policy has on economies and markets. so you know, if you consider that it takes nearly, depending on the sector, housing most impacted qu

it comes as russian air defenses hit a ukrainian plain not far from archer mosque in the daniel people's republic. meanwhile, residential areas of vignettes continue to come under ukrainian, shelling rum on culture of reports from that scene. ukrainian nationalists continue to shell residential areas all for genetic lately. they've been using a lot of nato ammunition, for example. we are in the clue bishops kit, districts of the nest at the moment. and this area was shelled by high caliber natal made rockets. now this is a 155 millimeter caliber show that landed right here in the residential area. you can see that the houses here have all been damaged. little hooks with blast was extremely powerful on the other side. everything is destroyed. there were 2 shells and the 2nd one fell somewhere over there. the blast threw me out of bed. for the day shall quite knock, failed my fate. li opened the window and the door and probably that was the only thing that saved me. who said come down. every one is alike. god has speeded us. yes, he did. cut off really steel. um yeah. and the shelling occu