. >>> coming up, dan niles says the biggest threat to the bond yield at this point short term is actuallyin oil. dan, he's been beating the markets. also, my next guest just pleading for the government to shut down. that's right, he wans the government to shut down. -- wants the government to shut down. why that's actually bullish for the market, he's next. ♪ ♪ we're traveling all across america talking to people about their hearts. ooh, take this exit. how's the heart? i feel like it's good. you feel like it's good? how do you know when it's time to check in on your heart? how do you know? let me show you something. it looks like a credit card, but it is the kardiamobile card. that is a medical-grade ekg. want to see how it works? yeah. put both thumbs on there. that is your heart coming from the kardiamobile card. wow! with kardiamobile card you can take a medical-grade ekg in just 30 seconds from anywhere. kardiamobile card is proven to detect atrial fibrillation, one of the leading causes of stroke. and it's the only personal ekg that's fda-cleared to detect normal heart rhythm, brady

we have portfolio manager dan niles.an you were in the think of it back in the '90s, you saw the bubble burst. so you understand the need to know how to navigate this sort of a.i. phenomena. you put up a tweet august 18th and you had gotten back n you said the bond market stabilized. you covered half your shorts, got back into some names. doubled position in meta, amazon apple. explain what made you feel confident that the coast was clear. >> rear there is long term and short term. back on august 18th our feeling things peaked out. the bond market seemed like they were stablizing and seemed like there would be a rally and there was. if you look at things today, we are recessing those levels, in the sense 10-year treasury yields are back up at 4.34. oil has gone from 67 bucks a barrel in mid-june to over 90 today and cpi is continuing to go up. so i feel like we're at a really crucial point for the market in the sense that i think for the stock market to rally from here bond yields are going to have to drop and so are oil

next on "power lunch," you'll hear about dan niles who is shorting apple as the single largest stock short position. lloitydiscuss. i' jn ler on the other side of this break. [due at target in 5!] copy that. make a hard left down the alley. network's got you covered. [please confirm requesting back-up.] -changing route. -go. roadblock ahead. ...back up, back up... reverse! reverse! next level moments, we're 30 seconds out. need the next level network. [north corridor, hurry!] -coming through! -or 3, let's go. the network more businesses choose. transplant received. at&t business. ( ♪♪ ) ( sfx: people cheering ) ( sfx: stock exchange bell ringing ) ( ♪♪ ) ( ♪♪ ) ( sfx: people celebrating ) ( ♪♪ ) ( sfx: people celebrating ) ( sfx: stock exchange bell ringing ) welcome to "power lunch." alongside kelly evans, i'm tyler mathisen. coming up, the apple of my ire. china's government reportedly banning agencies from using iphones. what would further bans in c

if you're dan niles and you can short it and get back in it and you're not having it in your retirement, part of your long term retirement strategy, that's a different way to invest. i think as a long term investor when something is 8% of the s&p 500 that has the execution history that apple has in place, the numbers, the cash on the balance sheet, it's very difficult to say you're not going to be an owner of this stock. >> michael farr, thank you very much. steve kovac, thank you as well. >>> and michael, you have set it up perfectly for us. so how are investors responding to all this? deirdre bosa joins us now along with the aforementioned dan miles who says apple is his single largest short. >> his name mentioned a few times in the last segment. dan, we have you now on the line, thanks for being with us. you outlined a number of reasons why you're short including the latest reports from china, and quote, no a.i. play. in your view, what is the biggest risk to apple at the moment? >> well, it's the one thing that hasn't come up in the last segment, which is what's the risk you're taki

dan niles is makin

charles: dan nile is saying this is it, we'll see a title, this is his words a tidal wave. >> i have there is an opportunity in this space specifically, right, so hot, a.i. enabled space, i think cisco, this was rumored probably a year ago. it never happened. now it surprised the markets today. i think actually it is a great deal and i think it does open the door to more mergers and acquisitions in this space because it is so hot and so many people out there. charles: a.i., cybersecurity. >> just what cisco and splunk are doing. charles: how do you play that? an etf has them all in there? >> it is hard to know which one, right? you have to do your homework and you kind of have to, you either have to may it that way, if you play it that way get exposure to all of them. when it ultimately happens i think you will benefit but if you really do your homework, look where everybody does and where the bodies lie you might be able to pick it up. this one because it was rumored, right? charles: right. >> i think the way you have to play it, you have to have broad exposure. whether you do it in

. >>> right now on last call, apple pulling back the curtain on its new products but dan niles is notad to d.c. sticker shock. maybe. how the uaw standoff of detroit's big three could help turbo charge auto inflation. off the shelves, your favorite cold medicines may soon be gone after a shock fda finding. this is a story you have got to hear to believe and it involves th

inking, well, nothing's going to happen look at the beamer just took a drivers identified at dan as danielle niles junior. >> all right. well, in the east bay, we have contra costa fire fighters. they put out a fire that was burning in lafayette last night. look at that plume of smoke going up into the sky. the fire started with an explosion just before 8 o'clock on sierra vista way in a neighborhood just off of highway. 24. we're told that started in a pigeon and cocoa fire says it spread them from one cook to another in a backyard. and then it spread to some nearby trees and some of the debris surrounding that yard. >> i was able to put it out. it's got fully contained. >> uc berkeley police sent out an advisory last night warning students and residents of a man who was reportedly waiving a pick ax at several students. this is between college avenue and hay street. the man was described as wearing dark clothing, colored clothing, had a large black backpack. unfortunately, he ran off before police got there. >> it's 707, in san francisco. police are investigating a fight involving several teens s

dan: happening tonight, there is a spring insecticide to combat west nile virus, skittles in the area have tested positive, which in some cases can be. this map shows whe ty will be spraying tonight, in the willow glen neighborhood. spyi starts from 10 p. d will last a few hours. there's nothing people in the eed to do. but if you want to limit exposure, you can make sure windows and doors are shut. ama: coming up, a bit of relief on mortgage rates. we little. lowering cholesterol can be hard. diets and exercise add to the struggle. today, it's possible to go from struggle to cholesterol success with leqvio. with a statin, leqvio is proven to lower bad cholesterol by over 50% and keep it low with two doses a year. common side effects were injection site reaction, joint pain, urinary tract infection, diarrhea, chest cold, pain in legs or arms, and shortness of breath. ask your doctor about twice-yearly leqvio. lower. longer. leqvio. ♪ ama: the stock market closed with mixed results on the heel of a room for that shows -- report that americans are spending. the dow fell 160 points, the

dan kerman kron. 4 news. >> happening tonight, a mosquito spray is set to begin in alameda county to try to stop the spread of the west nile virus. it will take place in a number of neighborhoods in livermore and near interstate 5.80, officials with the alameda county mosquito abatement district urging residents to stay indoors and they say this spring will happen during the late evening hours. >> coming up, attorney general rob bonta suing a several anti-abortion facilities due to allegedly advertising a method to reverse an abortion. why he's calling the claims fake and misleading. plus, why a vote by san francisco leaders might make it more difficult for some unhoused people living in their cars to find a place to stay and a new spot in downtown san francisco for people to gather and take in the city's history. we'll show you where after the break. >> the san francisco mta has oversight over city streets and parking. but this week, the agency sports directors found itself making a difficult decision that affects homelessness, wanting to put restrictions on an area where more than 100 unhoused people are living in vehicl

dan kerman kron, 4 news. >> happening now, the stolen role kicks off through niles canyon in the east bay. closed to cars for most of the day. kron four's tiffany justice live for us at the event in fremont this morning. she's got more all the fun that's planned for today. hey, tiffany. >> hey, good morning. yes, we're on the freeman side. there's also a signal site in between 6.4 miles of roadway. you can actually walk on. i am standing in the middle of the roadway right now right next to the freeway entrance. but let me go and step out of the shot for you to. but you may see what is going on here. there's a lot of people out here enjoying the nature to today on the saturday nile, a canyon road or highway 84 has been blocked off until 2 o'clock this afternoon for this event, meaning no cars will be allowed on those roadways stretch of roadway until 2 o'clock this afternoon. this roadway is only going to be available or used by cyclists and pedestrians. so this is an effort by alameda county, an opportunity for people, the community to walk and bike safely through the canyon with friends a