how is etsy navigating these conditions? shweta: we do have an underperformed rating at the end of the year at which we don't have right now because we remain cautious on etsy it is because the macro environment is unclear. there are a lot of choppy waters that creates cloudiness. etsy commented on discretionary pressure. the lower house hold income folks are watching spending more closely. home goods and crops are being priced lower. all of this put together you see pressure on etsy stock line. in the first quarter they did beat the estimates but the guidance for the second quarter suggest muted trends and it's unclear what the back half of the year will bring. near term i remain cautious but long-term, i am bullish on the platform. ed: a lot of your colleagues complemented etsy on his execution in that microenvironment. they complemented on how they communicated guidance but the stock is down significantly? shweta: the execution has been good. they have done a fantastic job in terms of turning around etsy over the last few

all right, do you have these asian pacific bureau chief, your mattress, a tougher etsy flash bulbs, and hollywood stars lit up the red carpet of the cannes film festival with legendary director martin scorsese taking center stage. the screen great was surrounded by the casts of his latest film killers of the flower movies which premier that the festival on saturday. it's another cinematic reunion for square, stacy, and actor robert de niro, as well as low nor dicaprio. the 3 and a half hour historical epic tells the story of a wave of murderers in the american west in the 1920s. and here's a reminder of our top story for you. ukraine's president vladimir zaleski has taken his lead for the g 7 summit in japan. so lensky said he hopes a new piece of plan could end the war and ukraine and all conflicts around the world. don't forget, you can always get the w news on the go. just download our app from google play or from the app store. it'll give you access to all the latest news from around the world as well as push notifications for any breaking news. and that's the news for now. up next

. >>> we're watching shares of etsy the stock among the worst performers in the s&p as morgan stanley cuts price target to $74, with 20% downside from here concerned about etsy's ability to continue to grow growth sales and expand margins. >>> overall market is down dow is down 212 points p weasel 'll be right back. towns, and on main streets across the us, you'll find pnc bank. helping businesses both large and small, communities and the people who live and work there grow and thrive. we're proud to call these places home too. they're where we put down roots, and where together, we work to help move everyone's financial goals forward. pnc bank. there are some things that go better... together. like your workplace benefits... and retirement savings. with voya, considering all your financial choices together... can help you be better prepared for unexpected events. voya. well planned. well invested. well protected. >>> this capital one move is interesting. it gets a boost after regulatory filings showed berkshire took a new position in the name last quarter. meantime, they exit bny mel

falling after morgan stanley cut its price target saying it will be hard for etsy to grow sales and profit margins at the same time. their new price target is $74 a share and the stock right now tyler is below 92 down 6 1/2%. >> all right, kelly, thanks very much economic headwinds coming home to roost home depot, as kelly just mentioned, reporting a big miss. revealing some potential cracks in the economy's foundation. specifically a slowdown in consumer demand. this along with retail sales coming in a little bit lower than expected though they were positive courtney reagan has more on all this hi, courtney >> hi, tyler so it was home epot's first earnings decline since may of 2020 and disappointing revenue, that marks actually the biggest miss in more than 20 years for the company. it was also the second straight quarter of comparable sales declines before we saw that last quarter the last negative comp number was 12 years ago lundberg inflation took two percentage points off of sales and cold wet weather also hurt that metric. but ceo ted decker called out, quote, broad-based pre

all those years ago, we did register for the wedding, but not on etsy because that i don't even think it may have been around when i married my husband. we're going way back now, right about it from the internet days. okay that's all insulin when you when you buy gifts for friends who are getting made married. do you stick to the registry or do you go off registry? come on, guys. you keep it simple. i stick to the writer. what do they want? great waffle iron. you got it. good wedding in september. all they want is cash. more easy. good with that offended i will give you cash. fine with that. i'm like, thank you. thank you for keeping it simple for me. i appreciate it. thank you so much for joining us. be sure to join us, ght? next newscas c

mazda, where reports are they chased for several hours by per etsy in new york city. the prince's spokesperson cool. that's a near catastrophic chasing danger and other drivers, pedestrians and police officers. new york police said they assisted the private security team. protecting doctor says sussex, as numerous photographers made the transport challenging. at one point that you conduct just a saw 6 took a taxi to get away from the photographer's driver. they just said the story was blow not to proportion. what do you think about the kinds of stuff like that? oh, i don't think that's all you know, exaggerated and stuff like that would be too much into that new york city of the safest place to be right. as please stay says costs on every corner. so there's no need to be afraid in new york. there are new warnings that global temperatures will continue to climb into uncharted territory in the next 5 years. right now, it heat levels around the world of above normal and it's for the west may be yet to come. is caused by the combination of global warming, the weather phen

we have etsy and zillow, the housing market is fascinating. alix: i am a zillow addict.t construction and homes sales. it is hard to see that cracking and rolling over. maybe it did rollover and outward is recovering. it is hard to see 100 basis points of cuts if we see housing being strong. guy: are we going to see 24 basis points of hikes? that is mike question -- that is my question. alix: coming up, this is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network, with no line activation fees or term contracts... saving you up to 75% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities™. >> from the heart of where innovation, money, and power collide, this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: i am caroline

. >>> and shares of etsy popping in the first quarter >>> hollywood studios have started stopping paymentsts will no longer get full pay and still perform roles for the studios. >>> france's anti-trust body is telling meta needs to change its verification process. >>> and opening up the new bing search engine is open to all users. three months after microsoft debuted a limited version of the browser. >>> let's look at the busy trading day ahead with stephanie link with hightower. great to see you >> good morning. great to see you >> every day, we asked wall street's brightest minds the one word to describe the trading day ahead. what is your wex word of the day? >> interpretation. i think all day long we are slicing with the fed yesterday was he hawkish was he dovish? was it a pause a lot of varying opinions. >> you and i seem to be the only people who felt it was ambiguous. with ambiguity, what does it mean for the markets today where do you see the markets and action going >> we are in this trading range, frank. i think he was less hawkish. we are still data dependent. they are focused o

stuart: etsy, the tchotkes place.r people looking to sell the thing that they make. stuart: i didn't mean to be insulting. i really didn't. lauren: i was spelling it out a little bit clearer. stuart: thank you. lauren: the ceo, mr. josh silverman sold 20,000 shares at $99 each. he pocket ad two million dollars. that is not a good sign. why is the ceo selling the stock? stuart: at least we know about it. we know he sold. lauren: yes. stuart: we can act on that. we should act on that. lauren: disclosure. stuart: full disclosure, thank you. lauren. house republicans passed the bill to raise the debt limit. now it is the senate's term. ashiah hasnie on capitol hill right now. all eyes are on senator schumer what is he saying about the senate bill? >> reporter: good morning to you, stu the we know the another senator does not want to bring it to the floor. he has no plans to bring it to the floor. he wants to put it through committee to try to poke holes in this bill. democrats want to pass a clean debt ceiling. i can tell

et etsy is the biggest decliner, and some of the etfs are mixed in the session so retail a big theme.n the stocks to watch right now, a big plunge in shares of verizon therapeutics that biotech is down 15% you may recall it was being -- it agreed to be bought by amgen. now the federal trade commission has sued to block this transaction, citing competitive concerns shares down 15%. amgen down 1%. big deal with biotech that could be facing some severe hurdles. i'll send it back to you >> dom, thank you. >>> our top story for the morning, dual hearings on capitol hill the first one, sam altman testifying on the dangers of ai before the senate judiciary committee. the second one, the senate banking committee, xwgrilling te ceos of the banks that col collapsed. joining me now are my guests welcome to everybody leslie, what are the headlines so far >> so we're supposed to be five events in 72 hours really drilling down into the cause of these bank collapses. one got post poped, but the headline here is really trying to figure out who to blame if you take a step back and look at the conversa

and grooms can now create their wedding registry through etsy.ne site is known for selling handcrafted advantage items, and the report says there has been a big jump in searches for handmade gifts on the site. retail experts say that's because consumers are moving away from buying mass produced items as gifts, and they're choosing more personalized gifts at his wedding registry will also let couples personalize the items that they want. opens animal services says it's running out of space, and it will hold a free adoption event this weekend to try and clear the shelter, it says. despite having a record number of dogs under foster care at seeing a record number of abandonment and strays in an effort to tackle that overcrowded there will be an adoption event starting today runs through sunday. there will also be no cost for adopting dogs over £25 and petco is providing a $100 gift certificate to the first five people who adapt to large social daca. deliver more police department is welcoming two new members of the force canine tater and canine murp

. >> let's start with etsy, one of the worst s&p 500 performers today after stanley suggesting that the online marketplace is hitting its limits after surging throughout the pandemic. meaning the company went from a growth stage to now a more mature marketplace which obviously has negative implications for valuation in their view, and that's why shares are down over 5% at the moment, and one of the worst performers meanwhile, shares of amd are moving in the opposite direction after a 13f disclosed hedge point. they have a $1 million shared stake in the chip maker. it's one of the top performers and it's up 5%, scott. >> all right good stuff, kristina thank you. we will see new just a bit >>> we are just getting started, and up next, we have top tech investors. they are in the house here at the new york stock exchange. we're going to get their takes as lawmakers hold that hearing on capitol hill. it does bring us to our twitter question of the day. are you thinking about increasing your exposure to ai stocks yes or no? head to @cnbcclosingbell on twitter. the results are coming up later

and etsy on the move, shares higher after a beat on revenues, earn eggs iings in line people buying thesh, which is where i was selling the last bit of my upside calls and was able to buy that back at zero today, essentially. you know, the stock's trading about 34 times i don't -- i didn't hear from these numbers, i didn't hear from management, they kind of reaffirmed 23, they didn't reaffirm numbers out to 24, 25, where they had been a lot more aggressive and there's only so much you can do so, great company, i'm going to buy it lower and i'm starting to get there. >>> coming up, we're focusing on pharma, as eli lilly surges on new alzheimer's drug data. the implications for treatment and the impact on the stock. >>> plus, apple results due out tomorrow, but can their climb tonight? we'll check in on the options pits to see how traders are playing this one "fast money" is back after this. (vo) verizon small business days are back. april 27th through may 3rd. get a free tech check and special offers. like a free 5g phone. get started today with verizon business. it's your business. it's

here we got adult with a one day old down off at 20 minutes, bard b wall, or etsy. comb that you to wait and hope don't with the slip out of bed one day long . so as it stands, dover best, but it truly sleepy. operates bar, they're probably going to retire their cars. if it stays locked, there spots a long, long white guy, still fighting the 1st off it by started games practice by no valencia's punishment following the racist abuse of roberts retire valencia's junior has been reduced off for appeal to the spanish. what will federation valencia's partial stadium closure has come down from a 5 matches to 3, and the find reduced to $20.00. $1000.00 for the cs was subjected to races, towns from the crowd, during the league game between the teams after the star. last sunday, i've threatened to leave the pitch. meanwhile, he's national st. brazil will play for at least against 2 applicant nations next month, as part of an ad racism campaign in support of the forward fi, skinny and boss to learn to. instead of go in leesburg of the whole bodies you're going clubbing says stop our body style. it

>> it's a significant given that there are issues of friend shoring, about supply chain to the etsy, and china is not here, they are not a member of the g7, -- resiliency, and china is not here. they're not a member of the g7. you have member nations gathering here. they are also being represented -- members of the global south are being represented such as brazil and singapore and south korea, so there is better relations of course across the sea of japan between japan and south korea. but inviting brazil, indonesia and india, they are trying to get a coalition, if you will, beyond just g7 in light of those supply chain issues with china, and it does not help the situation for china in g7 size when they are essentially giving support to moscow. -- in the eyes of the g7 when they are giving support to moscow. there is going to be efforts here behind the scenes to get india and brazil, maybe a more tricky situation, following the visit to asian, but to get those nations on board at the g7 meeting. >> stephen engle there. coming up on friday, an exclusive interview with the u.s. treasu

. >> there are issues with etsy, because they don't have -- they lost their way for months.asize a i like everyone else did. the ai travesty is here. >> the travesty? what is it? >> your stock goes up three if you say ai. statement or down 40. >> exactly. >> i think the regional banks ought to get together. >> you get together and do an ai bank? i have shopper fire which got out of a very difficult position, which is their infrastructure business where they sift logistics and i've got the secret to having a clean engine. kellogg's is spreading. if you want what's really doing well it is rocks. what is amazing is that they have a higher ai, because they are so stupid and can only one. >> dumb as a rock? no. smart as a rock. if we have an infrastructure boom that is supported by the government, then that is remarkable. where do you want to be? >> infrastructure. >> got it. >>> mad money is at 6:00 eastern time. when we come back, don't miss nick williams on all of this regional bank volatility. back below 20 and don't go away. and this is ready to go online. any questions? -ye

the engine behind pretty much everybody who's not amazon i just think they have a good tie-up with etsy story. it's up a lot, but it's down a huge amount. i wish we could have a longer-term chart, and you would see that this thing's barely up versus where it pinned there we go. wow. yeah yeah so, this is, by the way, the north face we know how that is. or even k-2 if you look here before they managed to get their act together, so i think this is the one, if you want e-commerce, i like this one. now moves ahead of almost everybody in my book, because i was quite concerned about their gross margins. i no longer am remember, this is a nicer, gentler amazon, but man, they fired, like -- they fired like zuckerberg >> they did. well, they're canadian they're usually very nice. >> that's a generalization >> yes, it is. that's true. all right, hoping bell is five minutes away don't forget, or in fact, try to remember that you can catch us any time, anywhere, by listening to and following the "squawk on the street: opening bell" podcast. our customers don't do what they do for likes or followers

city just not at its mid market location, brides and grooms can now create their wedding registry on etsyte is known for selling handcrafted and vintage items, the new report says. there's been a big jump in searches for handmade gifts on that site. retail experts say that's because consumers are moving away from buying mass produced items as gifts, and they're choosing more personalized gifts instead. at his wedding registry will also let couples personalized the items they'd like 48 now thrive. city will be packed tomorrow night when the golden state warriors host a watch party for game six of the playoff series against los angeles lakers nation celebrated last night's 1 21 1 oh six victory that staved off elimination. warriors fans watched the game inside chase center, while others watched the action on the giant screen outside. fan. got you step curry shirt? yeah first warriors jersey so for the playoffs expected it was expected. it's a warrior's thing. it's easy. fella doesn't win game six. it's over for them goes back home. back home and seven it's over. game six starts at seven o'c

get results from pfizer and uber before the opening bell on wednesday, cvs and yum and qualcomm and etsyquawk box" will be live from the berkshire hath an -- berkshire hathaway annual meeting. >>> softbank's arm holding filed for an ipo despite adverse market conditions, it should make a plan to sell on the nasdaq later this year. softbank's deal to sell arm to nvidia following objections from u.s. and european anti-trust regulators. >>> and subway food chain has a $5 billion acquisition plan. subway has been exploring a sale since february, but struggled with rising interest rates and concerns of economic slowdown. jpmorgan chase is hoping a $5 million debt package will show they can borrow enough to structure an attractive deal at or above $10 billion. >>> and "super mario brothers" remains the number one spot in north america for the fourth consecutive weekend. that movie is a collaboration with nintendo and universal, cnbc's parent company. >>> coming up, the annual return rate on i-bonds is set to come down today we will talk about p what it men for the investors as inflation took o

e-commerce is going to destroy local merchants and unique crafts until etsy and shopify emerged. or need less fewer lawyers is that a possibility? is that a possibility? >> shakespeare long ago was -- >> i'm kidding make fun of them until you need one. >> then you want a good one. as we have seen this week. >> is there another hand -- you only have one hand today >> always another hand, joe. yes. >> check out the prompter. >> oh, yeah, right >> on the other hand, ai is going to kill more middle class jobs than it creates for a basic reason the kinds of jobs it is going to kill are the jobs people have right now. jobs it is going to create are the ones the companies are trying to hire for, but can't fill a good example here is google announcing this week that starting next month at a wendy's in columbus, ohio, an ai chat bottom bot will take orders at the drive through window mcdonald's alone has more than 12,000 drive throughs in the united states. jobs ai -- i know we like to traffic in this myth that technological progress always makes more jobs for everyone tell that to buffal

it's so etsy— fundamental questions. it's so etsy rust— fundamental questions.ll, because the government is troumt— well, because the government is throwing-amounts- well, because the government is throwing amounts your throwing vast amounts of your momey— throwing vast amounts of your momey-momey- throwing vast amounts of your momey-momey tm- throwing vast amounts of your money money in subsidies money and my money in subsidies -emevvtestt— money and my money in subsidies .-renewables are- money and my money in subsidies . renewables are only . so the renewables are only vtttte— . so the renewables are only viable because— . so the renewables are only viable because of vast subsidies. _ viable because of vast subsidies. the reason that in omttm— subsidies. the reason that in trttttm. tor— subsidies. the reason that in britain, for example, electric ety— britain, for example, electric etty prtees— britain, for example, electric etty prtees te— britain, for example, electric city prices are so— britain, for example, electric city prices are so high is tetuse— cit