when you look into that, you pick broadcom, broadcom with a dividend of 2%.you anticipate a recession? >> well, again, i guess we'll say it is imminent at some point, right in the future? liz: okay. >> we don't see it right now, latter part of 2023, maybe early 24, is what we're seeing in our data points. as we can see with fed chairman powell today, just that indication of a half a percent rate hike. you know, now if we're looking nine rate hikes in 2022 from the last meeting, puts us at 2 1/2% fed funds rate. liz: yeah. >> that is pushing it too far and we could, we may see recession sooner if we push, we have a policy mistake going too quick, too fast but again in our view maybe latter part of 2023 when we would see recessionary signs. liz: i think you're right when it is hard to anticipate all of the headline risk. look at disney. who would have thought one year ago disney would have a horrible year, down 32% over the past year. down another 2 1/2% today as florida governor desantis is going to sign the bill that would eliminate disney's long-time special

what about broadcom? >> i do like broadcom. it's supremely well managed.od handle on their supply chain so they've been able to weather the covid supply chain clog and they're also at least partially, a infrastructure software company and they pay a lush dividend, which is rare in the tech sector so that one is probably good to buy. avgo >> tell us why again why these names are places investors can seek out in tech now >> yes, again, they're not necessarily value plays, but cybersecurity, red hot, has only come more to the floor in recent weeks and months as we know and then also with box, here's a company that helps you manage your applications. even though amazon came into that infrastructure cloud market back in 2006, it's been sometime, we still are relatively embryonic, believe it or not, as far as the market share with cloud versus traditional hardware and software and so if you can embrace that theme, i still think there's many years ahead of it and it's going to be a lot of dollars, trillions of dollars in market cap created. >> paul meeks, thank y

apple, salesforce and broadcom still among the gainers. the real winner is energy. that's sending stocks, exxon, chevron, marathon, all higher by more than 2% >> courtney, we start with with that big number of the day consumer prices jumping 8.5% from a year ago. slightly higher than expected. just a little bit. also, the fastest annual gain in 40 years food prices overall nearly 9% higher food costs at home up 10% or there abouts followed by double digit gains in new vehicle sales and energy prices so the question is has inflation peaked mercifully, we hope. steve is chief economist at mizohu securities. what do you think of this number, steve? on the surface, it looks really bad. i know you point to some items that slowed in terms of price gains, but still, you're looking at food, shelter, energy, i don't know what's more core than those three. >> you're asking a very, very important question i think you're right we really can't discount the importance of the rising inflation in terms of its impact on the economy going forward but in terms of getting into looking

there's intel, qualcomm, there's br broadcom, micron and it's amd and nvidia that are the risk appetiteere they settle out. it seems like the street is slowly trying to adjust the targets. >> they're the growthiest of the growth >> still 25% earnings growth, maybe 18% next year. you could argue it's worth this multiple >> that's what i was going to ask. the earnings season is coming up and the setup suggests if they really are growing at those levels it's maybe a good buy >> as long as they don't show this sort of real downshift in consumer demand. if the big picture story does not really have any holes in it when they report >> mike, thank you >> up next, kyle bass on whether he thinks a recession is on the horizon and how to protect your portfolio in this volatile environment. we'll be right back. [sfx: street ambience] ♪ ["fly me to the moon"] ♪ ♪ ♪ imagine a community where millions share ideas and trade stocks, crypto and beyond. to the moon? in other words... etoro.the power of social investing. growing up in a little red house, in other words... on the edge of a forest in norway,

and not the end of the world and i don't think the stock will outperform when that happens i own broadcom job navigating the challenges and they're buying back stock and increased the dividend and they have cloud and data center and they raised numbers last quarter by monster numbers and i like that company and if that one were to fall i like the diversification and i would be buying that one >> nxpi getting a downgrade and an analyst talks about peak margin it was a margin expansion story for? time when the stock was up jim, you own this one. what do you think of this thesis i still very much like the stock and the sector you know, i would net that nxpi is off a little over 20% from the 52-week high and that sort of comment from the analyst and i would have liked to have heard, like three months ago, but it wouldn't have changed my mind though, because the biggest market for nxp semiconductors is the automotive sector just simply can't get enough chips and they can produce enough cars, trucks and suvs to sell all they want right now and that demand has not been destroyed and it is pent u

that list, as you might expect, and the nasdaq composite the winners there are -- >> auto desk and broadcomre chipmakers. stuart: okay, no big names on that list, i'd like to see big names. all right the big board right now, we're in business for eight minutes, and we're up 200 points , despite the inflation news. the 10 year treasury is now yielding 2.72% the yield goes down despite 8.5% inflation. the price of gold is up because you've got 8.5% inflation, you've got bitcoin correlated to stocks at $40, 200 per coin, oil up 99.46 is your price, nat gas up 668 per million british thermal units, the ample price for a gallon of gas is $4.09 and in california you'll pay $5.74. next case. delivering mail, very serious business, remember this? newman on seinfeld? roll tape. >> you remember this , when you control the mail, you control information. >> [laughter] stuart: i remember that actually , however, one california neighborhood is not getting the mail, because of a tax on mail carrier, believe it or not. we've got the story. feeling pain at the pump? krispy kreme wants to help. they aren't g

those are your big leaders gap up 4% by the way , the nasdaq winners you have biogen, vertex pharma, broadcomon as well those are the leaders on the nasdaq. the quick check on the big board the dow up 138 points hovering right around 34, 589. now, there's the 10 year treasury yield down almost more than half of a basis point at 2.82 had been floating with a more than three-year high but the treasury yield on the 10 year down ever so slightly. take a look at gold we talked about this close to 2,000 up $18 at 1,993, bitcoin meanwhile has been under 40,000 it stays think , down $275, crude oil though continues to march higher , that's not good news for your gas prices up another $ 1.20 over $108 a barrel on crude, nat gas up four and one- third percent at 762 for nat gas and the average price for a gallon of regular still up there isn't it $4.09 it costs a lot to fill the car. it was $2.87 by the way, one year ago and we always like to take a look at california. life ain't cheap out on west coast and california paying $ 5.71 for a gallon of regular. that is what they do. coming up could another