dan ives, he's right here in studio. he's going to tell us the one thing when it comes to the tech trade that worries even him. plus your morning's big money movers and what delta's ceo is telling cnbc about concerns around customer demand, that stock under a whole lot of pressure ahead of the open. the worst performer in the premarket on the s&p down more than 10%. a very busy hour still ahead when worldwide exchange returns. stay with us. >> if you're shopping for a home, you could browse hundreds of listings to find homes with big yards or compare lot sizes all at once. search in. full color to find space to grow. home search will never be the same again. >> selling a car. >> is a big deal. >> you've had. >> some big moments. >> okay. >> and some wrong turns. >> but when you're ready to sell, car gurus is a big help. >> get multiple. >> offers instantly. >> offers instantly. >> so you. (grandpa) i'm the richest guy in the world. (man 1) i have time to give. (man 2) i have people i can count on. (grandma) and a million

and joining me now, dan ives, the global head of tech research at wedbush securities. dan, it's been a long time. great to have you this morning. >> great to be here. >> before trump's joint address to congress, his commerce secretary had this to say about tariffs on fox business. take a listen. >> it's not going. >> to be. >> a pause. none of that. >> pause stuff. >> but i think he's going to figure out you. >> do. >> more and i'll meet you in the middle some way. and we're going to. >> probably be announcing. >> that tomorrow. >> tomorrow would be today. dan, it didn't seem like to me that trump was suggesting a deal was imminent last night. i mean, who do you believe here? what are you expecting? >> yeah. >> look, i mean, this is all a game of high stakes poker, right? and i think what you saw there, i think street's going to look. >> through. >> this and feel like a deal specifically with canada and mexico. that's something that's probably in the near term horizon. i think the bigger issue is going to be around china and just how nasty this gets in terms of the reta

it's dan ives, wedbush up next. 314. warren paes is back. he downgraded stocks in early february anticipating a potential correction. we'll see how he's navigating this volatility next. >> in a world of uncertainty and disruption how will your investments stay resilient. we've been navigating change for 125 years always looking forwar, anticipating risks and trusted to manage over $1 trillion in assets worldwide. solving for the needs of investors today and the needs of investors today and tomorrow. that's the power the global personal mobility market is projected to hit $40 billion by 2030. damon is transforming the industry with safer, smarter and more accessible evs built for today's demands. damon. - [narrator] we just signed the lease on our third shop. my assistant went to customink.com to get new uniforms with all the locations. he found great products, uploaded new art, and had boxes sent to all the shops. custom ink makes it so easy. get started today at customink.com. homes. >> with big yards. >> or compare. >> lot sizes all at onc

. >> reporter: technology research analyst dan ives. >> musk has been here before.es to dive into the deep end of the pool with doge and trump and doesn't start showing more and more focus with tesla, this brand issue could become more pervasive. >> reporter: consumer surveys since 2019 show while democrats are down on tesla because of musk, republicans now favor buying one more than ever. but you say you might come back >> i mime m >>> delta airlines slashed its earnings outlook for the year, expecting fewer travelers because of trump's trade war and the falling stock market. but if you are planning a trip this summer, to italy, for instance, there is a hidden treasure you don't want to miss on your way to the amalfi coast. seth doane paid a visit. ♪ >> reporter: faith and fortune have intertwined in naples over th centuries to create one of the world's great treasures. >> here there are thousand of precious stones. there are 3,326 diamonds, 198 emeralds, and 168 rubies. >> reporter: that's a single headdress elaryea duva explains, like one an archbishop might wear

dan ives. >> topping the market lift a little bit. let's get to megan costello at the white house now what megan. >> hey guys. we just had the chance to talk with the national economic council director. that's kevin hassett was out here talking with reporters. we talked to him about the jobs report and about tariffs. and i asked him specifically about those steel and aluminum tariffs. those are set to take effect on march 12th next week. they have already been signed into law. those, of course, were a major point of friction with canada and mexico in the first term until those two countries got carve outs. i asked him now if there would be any exemptions for any countries or any industries for those tariffs next week. here's what he said. take a listen. >> he really doesn't like the word exemption. if i walk in and offer an exemption, then i'll probably get kicked out of the office. we'll see how it goes though. maybe there'll be some. i doubt it. >> there, he said. i doubt it to the idea of any exemptions to those steel and aluminum

analyst dan ives will join us. with his. >> thoughts on. >> nvidia's sharp intraday pullback. and if. >> there could be more pain. >> ahead for shareholders. >> plus,

let's take a dan ives strategy x i wear brioni. >> he wears. >> kmart i don't know, maybe he just gotefore kmart closed. i can't find kmart clothes anymore. but what he's saying is, look, maybe at a certain point you should view it as a inhumanoid. okay? the extraneous business. and yes, of course, they've got the best data for autonomous driving. and if people think that we're not going to have autonomous driving within the next ten years here, they should look at china or they look at san francisco. so look, do i want to buy tesla? or there's so many people who want to sell it that i kind of let's let them sell. it's another thing if people at home there are people who want to sell at 247. why? because they think they're going to be able to buy it back at 238. they don't want to leave tesla. but that's again the strategy of losers, not winners. >> well, it's not that far above the. >> price it. >> was at on. >> s&p inclusion. >> so you're now. >> you're dealing with. >> people who got in. >> the. >> low two hundreds. >> holy cow. >> i mean well that's you just don't believe that. yo

wedbush dan ives he's on constantly.. he has added tesla to its fresh ideas list. the bottom line with tesla is this guys there is a separation. there are the retail investors who have said, i believe in ai. i believe in autonomous vehicle technology. i believe in robotics. that's the future and i believe in elon musk. there are the headlines that tesla sales are slowing down. people are not crazy about the brand right now. and yes, that's weighing on shares of tesla. but now you're starting to see as these valuations come down, the bulls are going to start coming back out here. >> hey phil. >> can i ask really quickly? we've talked a lot this week about how uncertainty could lead to not just businesses slowing their their their their investing and their purchases, but consumers as well. and i think when you look around not knowing what prices are going to be, maybe that freezes things. i do wonder, though, if a one month reprieve of this, these tariffs that could lead to higher prices almost instantaneously for car pric

ives on tesla, big drop. big change for tesla stock. annmarie: big change, and a lot has to do with the brand destruction and the time spent at the white house. danthe president tsai. he's at mar-a-lago, the white house, and he said to fox news this week with great difficulty he has running his companies. jonathan: what do you make of the outrage, the president, tesla, nobody did this with gm? annmarie: it look like with joe biden did, and i was there when he took that hummer spin august of 2021 and everybody talked about worst tesla, why did you snub them? lisa: if you have an outreach bucket, fill it was something else. jonathan: if the president does it, it is bad, if president biden, it is good, it is fine, no problem with gm. annmarie: i actually think trump bought the car though. i do think biden was. jonathan: just getting free marketing to gm. lisa: ok. jonathan: anyway, next on the program alecia levine, rick wurster and then the brown -- lynlee round. up next. ♪ >> the market is in a show me state, and the only way to get there is clarity on inflation. >> the consumer right now is tightening their belts a little bit. >> there is still a