hello dan guess where i'm going to the courses you spend with me, i didn't warn you on the call thatou were going today, my shift works. i'm fine. i'll go myself for sure. try. everyone urgently leave the room, strong smoke urgently leaves, we leave, we leave. we go out all night. he's somewhere now, because forgive him, fucking father of a tailor by law. he is looking for you upstairs. well, upstairs upstairs in the basement. now now wait at night again and listen to nimble like this. well, that's enough, you see, on the street in the street with the guys, juli, let's now we will find him now to run now. find curious dispatcher, i personally take it teaching is good, but there is one small problem. in our part. there will be no such vacancy. here i beg you to fire me on your own. maybe there is no need to cut off the shoulder like that. i'd better leave now. i so put you useless. i don't want to. mariska hello girls. yes , everything is fine. i've come to see. what we have learned in a year and a half, do not worry. well, it's okay without a mom. well done, that got out it is necess

dan: i guess it is a history of stunts and money involved -- ama: but without clear and sent all of that, really? you thought that was a good idea? >> i thought they got off easy. red bull has no part in this at all? >> even though it is a desolate area they were flying above, it still was extremely low. somebody down there below, if something dropped, you could hurt somebody. all right, how many friends is enough. a university of kansas professor says what matters most is having at least one important person in your life. it could be a partner, a parent, friends, or someone else. they also say if want to have the most meaningful life where you feel bonded and connected to others, more friends are better. i don't think that is true for me. i don't think it is necessarily more but the quality of that venture. -- quality of that friendship. >> i was thinking you could have a ton of friends, but it is harder to connect individual and feel that friendship. i found that interesting, too. >> what do you think? what is ideal? >> will you guys be my friends? >> you know we are. i think it is tru

target on the company to a thousand from 1400, dan ives, managing director of equity research joins us on the squawk news line to explain his call. i guessas, you know, seeing a stock that's breaking below 700, when you have a $1400 price target. you normally wouldn't have a 100% appreciation. i don't know how long your price target, i don't know what the duration is, but i've seen a lot of analysts just do that when they're wrong about which way the stock's headed and they lower it so they don't look redeck ridiculous >> yeah, and that's never been our dna. it all comes down to china china is the key part. and tesla, i call it an epic disaster what we're seeing so far for the june quarter, i think for delivery as well as production and the zero covid issues, deliveries are going to be soft and the trajectory is going to be a lot lower for the rest of the year that's why we're lowering the target and cutting numbers, over the next few weeks, there are darker days ahead for tesla in terms of the delivery side >> now that i recall, 2500 on tesla. your bull case, even 1400 or a thousand, where it is now, is in large part a story about china

dan: what -- is this a common practice in the industry? aye been reading about it. i guess called sludge they treat it to some respect but people e-mailed me communicated with me this isn't new. this has been happening for a really long time. and cheap? why would people pursue this avenue? >> well it is cheap and it is a by-product and it does offer, you know, nitrogen and potassium which plants need to grow and are we willing to lower our standards to subsidize, you know, the fertilizer shortage that we're dealing with right now. you know, again, third world countries use this practice -- you know, united states does use it seems like we're using it more now but i think we're going to see the negative impact of that if we continue to, you know, use human waste as fertilizer. dan: now ben this food crisis, obviously, has me concerned. you know, golden rule of the dan bongino show is, don't get decide. and not eating a quick way to get dead. so food crises really, really scare me, ben you're on the frontlines this now. mow bad is this fertilizer crisis i'm getting again comm

we are back with our panel, dan henninger, kim strawser and kyle peterson. kyle i guess knocking each other with negative ads for the third candidate to come out of nowhere that looks to be what has happened with kathy barnette. what we know about her? >> not a whole lot. she was born in alabama, she has written a book about being black and conservative. she has explained her pro-life views in part by saying she was born after her mother was raped when her mother was 11 years old. she's talked a lot about that that has a resignation with pro-life conservatives in pennsylvania while the supreme court is considering a row v wade. she is also -- her campaign has deflected questions from reporters even conservative reporters questions about her military service record. questions about when she moved to pennsylvania but apparently her book bio that came out in 2018 says she lived in virginia. she also has inflammatory social media posts that are servicing. the question is, if republicans given the nomination she has not been vetted in a way these front runners have what are t

dan: let's talk about the weather, it's been a little bit breezy and cooler today but i guess that ischanging. kristen: big-time time changing, right, spencer? spencer: sharply cooler -- warmer today than yesterday. the cooling of the last 24 hours is quite impressive, 40 degrees cooler in san francisco than this time yesterday. >> thanks to theow of wind, 22 r gusts. the winds will continue to be brisk into the nighttime hours and we have a wind advisory in effect until 9:00 this evening. there is a possibility of blowing unsecured objects around, down tree limbs and maybe a few power outages. blue skies over san francisco, currently 58 in the city. 66 in santa clara and 55 at half moon bay. the sky is mainly bright and blue, upper 60's in petaluma and napa 63 at livermore. the camera is shaky in that 35 mile per hour gust. sunny and much warmer than a few days, inland temperatures above 90 degrees. cooler and unsettled weather toward the end of the week. overnight breezy and clear with low temperatures dropping to the mid to upper 40's and tomorrow, the highs in the low 60's at the

and what a dan callis shit need sing a say about some sort of the fusion. no longer music and geo politics, i guess. given everything that's going on in his country, he said it's unavoidable. he said when he wrote the song, of course it was just about his mother, it's about stephanie, his mother, and the love she gave him in the support. but you know, the kind of brooding music, the serious tone and the war. he said, changed everything. and he said it's totally natural that people now see the song as a symbol of ukraine. what's more though, as i asked them as an artist, if he felt it was fair, that russian artists couldn't take part and you're a vision or an athletes. an artist can't take place in other bits. and he actually said, yeah, it does think it's fair. he said, i hate to say that as an artist who supports freedom of expression, but he said, i don't think. and russia people really know what's going on enough. so the mower, more pressure, we can put on russians to understand the pain and suffering and violence taking place in their country. the better that is, he said, if this is one way to

checkpoints on the road to await uninvited guess with dental vision will be handled. boston the new government decided to subdue the pro russian regions with the help of my dans radical activists who were not only officially trained at military camps but also arms. and then they were sent to the southeast and part of the country. i mean, even dreamily pro logic, i shall bolger it. each is the way when your mind on children just sorta comes around when we're done and you spend every word, so good stuff over there. she would like to start a new deal would really matter what she did. a lot of mr. sheila, more political, i'm going to project color, so i don't. what are all next? she'll talk to. she went to linda. all relation going yesterday, yours. you say what they actually sibley wasn't balk, i mean i could feel them all at the door and then by shows that she's in the new building. so cool, i was, i'm with you with these radical groups were ready for such a turn of events by at the more collaborative floor, but a map, somebody me now from acumen they speak about initially stuff for could a more numbers, whole hundreds of how to get your house, like you clean w

[laughter] dan: it'snt ierestingow h much ney itak tes to elfe secure in e thbay area. >> i guess theeyived paycckhe-to-paycckhe for eight long time in thisus biness, i n undersndta ttha oenc you acreh a ctaerin pointn iyour feli, it mayee fl --t imayak te remo toee fl secure. now thaint flation hisitting hard,y mwifeen wt to eth grerocy store yteesrday, there and aal hf bs,ag $120. it'crs azy. dan:nd a thenhe t gast icost u to get there. kristen: 't'sar hd toee fl securehe tre. you have too much money, how abou atn umbrel tlahat's tno warpteroof? a $1300 umbrellisa only so ildn chain and it is notct aually meant fothr e rain, it'ons ly r fowalking tinhe sun. but how hdar is it to alsoak me it weratproof? what more esdo it take, right? >> y'o've goto tblock th saton. dan: i got s aurfboard that esdon't flt,oa too. krteisn: there are l aot of ople that juscat rry sun umbrlaels aunrod bauecse you'r' trngyi to prott ecyour skin. 'm just sayg,in throw ithn e tewarproof, ok. just towhr it in. >> imut st be li ake collectsor it.em whenerev you see theas fhion nways and you heahor w much th ae

host: dan, democrat, thanks for waiting. caller: guess who is still the mayor of independence? host: a guy named john mcardle? caller: it is. i hope he is a good mayor. i don't understand how anybody could ask us to trust big business because i was a young man in the 70's and i heard big business say we will go automated but we will lower your work hours and raise your day and do all the stuff for you and then i didn't see any of it. this was big business. they will not help us at all, thank you very much. guest: it's an open debate. walmart pays a dividend effectively for indulging itself , taking advantage of supply chains. you as an american consumer are able to buy a t-shirt and walmart for three or four dollars. you can buy back when it marries. as opposed one in the united states. it's cold comfort for those who have lost their job to enable that off shoring but the most cold-blooded economists is the loss of these jobs are inevitable stop if you now have nafta and china is deep in the wto, that's the bargain stop if you want cheap products, you have to give market share

coordinated policy tha >> you've laid a lot objn the table there, dan i'm going to have a hard time getting through all of it. i guess on the face of it if there are lower taxes on china, that would be disinflationary, wouldn't it? >> well, it could be in the short run. but if you remember what happened with president trump when he started raising tariff rates, the fed kept interest rates high and financial conditions tightened so it may actually have the opposite effect because it may actually be more inflationary by improving economic growth. we just don't know i don't think the president knows, and i think the president's trying to understand where the fed chair stands on that if there's going to be a policy decision. ultimately, i think the fed is going to want lower tariffs, very similar to what treasury secretary yellen wants, and that will be an important input to their interagency process in deciding how to move forward on tariffs. >> and if behind the curtain, the two men are talking about the possibility of higher income taxes or some kinds of taxes, domestically, if you have that working at the same time a

dan suzuki, great to have you with us. when you say high valuation stocks, i'm guessing you mean the ones we're talking about versus a clorox, which is high valuation stock relative to itself >> yeah. i guess you know what we're referring to is if you think about the 11 sectors in the s&p now, about three of those sectors have heavy weights in tech and tech like stocks and innovation, growth, and disruption and those are information technology, communications services and consumer discretionary those three alone make up about half the market cap of the s&p 500 and i think in all different k ways, they've all been moving. this bubble that we think is present in markets today even after this big correction. that's big risk. something we've been writing about is where do you go for diversification if everybody's portfolio is heavily concentrated and everything out there is heavily correlated unless if you want diversity education, you have to proactively put that into your portfolios by reducing your -- just from a pure, prudent portfolio management perspective. >> last time we saw you was january 18th, i think, and then you s

guess this is with you on on that on us a movie. shampoo dish and doug bought them the new government decided to subdue the pro russian regions with the help of my dans radical activists who were not only officially trained at military camps but also arms. and then they were sent to the southeast and part of the country. i mean, even dreamily pro logic, i shall bolger it each way. why in your mind i'm simply just sorta comes around when we're done and you spend every word. so good stuff with me just a moment when you deal with the lee mother of what she did. a lot of mr. sheila more political i'm going to project so. so what are all next? she'll take issue on that relationship with you on your summer. yours. you say what based on some of the blue republic, i mean could fill them all at the door and then by shows that she's in the new building. so cool, i'm, i was, i'm a grammar to deal with. these radical groups were ready for such a turn of events. he bite them all caught up at the floor but a map. somebody. me? noth, nothing acumen when they speak about initially stuff for could a more numbers once again your house like you clean water from the bli

and then the snap news hit and that knocked it down i guess in the category of higher valuation names. there's a question mark over a lot of them, dantough. the headline stuff didn't look that interesting to me guy did mention that 24% customer growth. it's never going to get back to -- probably to guy's point that's as good as it gets off the deceleration off of the last few quarters or so i think the stock probably would have sold off even if the snap news exadidn't come out. guy's point about valuation, i think it makes sense this company when it went public was already profitable it's profitable but just not that profitable. in some metrics it's still kind of expensive i can see the stock down tomorrow on the opening. >> i don't think anybody knows what to pay for it i know that sounds obvious but most analysts put a dcf on it. for folks that don't understand what that means, it's complicated. so there's a lot of moving targets. there's a lot of assumptions in there. you can come up with almost any number you want. yeah, the street has them making $5.50 a share this year. it's under 20 if you believe that but we all think a lot

dan, a pleasure to have you on i want to talk about energy and security policy. if i could have a moment or reaction to the president's comments in tokyo. i guessments will be walked back by the white house those are explicit comments from the president. >> i think the white house has already walked back because it makes no change in the policy. clearly that is not the way it will be read in beijing. it is all part of the kind of movement toward the great power competition and rising split between china and the united states which is the defining geopolitical issue for years to come >> truly is. we will see what happens there futures are higher oil is higher as well. dan, the one thing you have done in your career and i have learned from and you write about it in your books is that, you know, people think of energy as a part of the global economy in many ways, energy is the economy, is it not the economy is just taking energy to make things that we can buy, sell or produce how frontline is energy security being talked about in davos right now? >> you know, you are so right, brian. it is energy which is the foundation and embodied in everything

dan you're nibbling at qqqs. would you be buying tesla? >> no, no, no. >> we don't know what's going on with the deal with twitter i guess the concern is chinastanley raising the flag on china. >> i hate the fact that it's a top six name in the qqq. i think it's going to drop out of that top six in the not-so-distant future. i think the stock has a lot of room to run. if a large part of the premium in this stock is because of the aura of elon musk, he's unraveling before our eyes on twitter. the company that he wants to personally buy but can't afford to buy it because tesla stock keeps going lower. so i think this is a big mess. i'll just say the last thing i've been in the markets 25 years, sara. every single mania and every cult stock leader have all imploded this is the last one and i think it's starting to happen. i would not be buying this whatever he thinks is funny about the price of the stock. >> okay. let's hit the broader market because we have seen a pretty strong rebound into the close. huge intraday comeback dow, s&p 500 and nasdaq on track for reekly losses. real estate, health care, energy higher consumer discretionary and in

dan, thank you. >>> coming up next amy is bringing in a special correspondent for the queen's jubilee. guess who.ive, more technologically advanced, more convenient, more enjoyable, more modern, more flexible, more standard features like unlimited dvr, more a whole bunch of stuff- for less money than cable. in a nutshell. sign up for youtube tv and you can watch live sports and shows, just like cable. but there's a catch: it's over $750 less than cable per year. wait i guess that's a nice catch. people with plaque psoriasis, or psoriatic arthritis, are rethinking the choices they make. like the splash they create. the way they exaggerate. or the surprises they initiate. otezla. it's a choice you can make. otezla is not an injection or a cream. it's a pill that treats differently. for psoriasis, you can achieve clearer skin with otezla. for psoriatic arthritis, otezla is proven to reduce joint swelling, tenderness, and pain. and the otezla prescribing information has no requirement for routine lab monitoring. don't use if you're allergic to otezla. otezla can cause serious allergic reactions. it m

guess a sort of extreme case there. we'll have to have you back and debate that, because i know that some of the social media probably lighting up now with that, but danank you very much i appreciate it. >> still ahead, profits over principles well, is it? vanguard says they have no plans to curb investment and fossil fuels for the sake of climate change is the esg movement losing its influence. plus a taxing time the uk issuing a one-time tax on oil and gas giants to ease pain on consumer energy bills plus during may we're celebrating asian-american and pacific island heritage and highlighting our cnbc contributors and here is jane hun author of "breaking the bamboo ceiling." >> the concept of the bamboo ceiling which i've worked on for the past 20 years continues to be a barrier for asian-american, and it's this myth of asians as a docile group of hard, woing capable people who have overwhen barriers of discrimination i believe that's really false and i've been working in companies where asians are not making it all of the way through the system there's a lot of work to do there. so i believe it's important to include them in that process or to incl

yesterday trade, and i guess it really me rest flecked what happened with the broader markets when fed powell uttered those words the 75 basis points is not being considered at this time, danyeah, this is a group that i heard you guys last night, i watch the show when i'm not on you guys were really good. you surrounded the trade here. listen, we saw a bad report out of intel we saw good results out of qualcomm, amd, there has been good result here is. we like to track this sector because it's fairly cyclical this is a cheap stock. the ceo had a great interview on the air this morning so yeah, it got on its horse it probably has some more room to run here. >> final trade time. bonawyn, what do you say >> berkshire i think this company has shown a toughness of being able to pounce and make acquisitions and turn with the markets. i'm sticking with them >> got the plunge protection put. >> karen >> i'm intrigued by dan's lyft idea this is a three-day rule one for sure but i think it's worth looking at 6, 7 billion enterprise value? very interesting >> bk? >> if you want to play the rise in energy, exxonmobil, good dividend and they get good spreads. >> dan >> i like carter's

how is it, dan, these airlines can increase their ticket prices with all of the delays and cancellations? what gives with that? >> well, i guesst to travel, if they need to travel, they're going to have to pay those prices. now, at some point, arthel, people are going to cry uncle and they just can't afford it anymore. now, i think we're getting close to that point. when we hit that point and demand starts to come down, perhaps then there's going to be a little bit of relief from this inflation that just doesn't seem to want to retract. >> martha: when might it retract? that's what we want to know. >> i think that it will retract when we start to see some relief as it pertains to our energy policies. i've said this all along. energy is not what is causing all of this inflation. but it's a big piece of it. so until the united states can get back to a place where they were energy independent, pumping our own oil, buying our own oil, i think that as long as we're going to be buying our energy from countries that are not our friend, we're going to continue to feel the pain. so when do policies change? have to look at congress and

dan abrams. we just heard from amy on whether depp will be called back to the stand. why do you think heard's team appears to be second-guessingquestion, were they really going to call him? i wonder whether it was a strategy to make him think that they were going to call him to the stand. but if this really was a change in strategy on their part, i think it was just too risky. i think the case going down to johnny depp taking the stand again, it's just too much for amber heard's team to call him and take that chance i think. >> we also heard in amy's report about kate moss and that depp's team is prepared to have her testify. you saw his team's reaction. explain why they're so -- why they want her on the stand. >> because she can provide something ordinarily you wouldn't get in a trial which is someone saying, he's a good guy. this sort of stuff doesn't happen. typically you're not allowed to bring in just sort of good character evidence where someone says, oh, this sort of thing didn't happen to me. that's not typically admissible but because amber heard specifically mentioned the kate moss supposed incident, now johnny depp'