. >> let's bring in gina sanchez gina, great to see you >> thank you, frank. >> professor siegel not mincinging words there what do you think? >> i generally agree with him. i think we are under estimating how much tightening is happening in the banking system with svb and how many deposits left the banking system there is that. you are starting to see real disconnect in the market the way the high yield market is not consistent with the equity markets. i'll side with the bond markets. we are probably more in troubled waters than flying free and clear. if you look at what is happening and priced in the fed fund futures, that likelihood there is one more rate hike and we have the nice cutting cycle, that is not priced in to the yield curve. the yield curve is pricing in a really, really tough recession if you look at the way the economists are forecasting the recession odds, they are raising the outlook for 2023, but worsening the outlook for 2024 ing suggesting the recession will be longer than the usual recession. we are already in an earnings recession. corporate earnings are start

joining me at cnbc headquarters is chad, senior portfolio manager with washington crossing advisors gina sanchezategist and a cnbc contributor. welcome to both of you gina, pound the table on dvz for me i'm hearing a lot of talk and why it's the right strategy for a market like this. >> look, the challenge to dividends is they're going up against they're going up against higher interest rates. if you pick the right stocks, you also have upside to the stock as well, so it's not just a pure dividend play we think quality is important, and there are parts of the dividend universe that are really expensive, different but expensive, we call them, but we're looking at the cross section of really great companies who make tremendous revenues, profitable, and whose dividends are growing in the health care sector we think there's definitely places where you can identify still cheap stocks, great outlooks and everything that goes with that. >> j&j, abbott, bristol-myers, j&j more controversial 3.5% we're talking about i don't know if that sets off alarm bells. when you pile into dividends don't look for th

then we'll be good diamond deshields and gina sanchez, you guys are up paypal in round one.n what's yourpick in round two >> so we're going to cap this year's stock draft off with a google pick. >> oh, wow >> google? >> yeah. >> gina, what do you think here and why? what's the rational? >> even though ad spending is down, google is a defensive place where people want to spend ads. they're making huge investments into continued ai and computing. this is the company that brought you google maps. this is the company that brought you google search. we think they'll continue and they'll expanding into the cloud space. that world is only getting bigger. >> diamond, i was struck during march madness that some of the women's games were some of the most highly rated things on tv out ranking all things if we wanted a stock pick about wnba's success, what do you think? give us some investment advice what's driving this interest >> oh, man, i think the product is finally getting put out for people to see. i think that exposure is really important. as we continue to have games that are b

the digital cold war suspect go - isn't going away says gina sanchez, a cnbc contributor.laid out apple's story and alphabet's story and jpmorgan's ai ambitions what exactly is that longer term secular play for you in technology >> for us, we're looking at, you know, we're looking at cybersecurity. there's no question that cybersecurity is type of mind in every board room out there, and we are focused on pal alto network. there are over 1200 customers that spend more than $1 million on their products with them. that is -- that is testament along that this is a huge and important trend and one we don't think will go away as we see a recession happening. this will be one of those defensive spends that we can ride through >> i want to hold onto you for one second we have news developing right now. i want to get over to amond who is following the trump story from what we are seeing, this is former president donald trump arriving or in the process of arriving at the courthouse in manhattan. what can you tell us about the latest >> that's right, dom just about 30 seconds ago, we

. >> let's bring in gina sanchez, cnbc contributor for the trade on this and other stocks, as we previewey're saying the word recession. jb hunt still up 1% this year, surprisingly >> jb hunt is one of these stocks that continues to perform despite challenges and she is right we are seeing a freight recession, and i don't think we're at the bottom of that yet. if you look forward, this is consistent with slowing demand, slowing demand means you're going to ship less stuff around the world and this is exactly where it comes home to roost what was good about their report was that despite those inflationary cost pressures and deflationary prices, they still managed to keep their margins which is to say they have really good expense discipline, and that matters in the long run if you want something that's going to continue to perform, you have to be patient with this stock, but this is the kind of stock that can be potentially defensive, although it's going to suffer a little as demand continues to decline for the next few months. >> we also wonder did it take the pain earlier than others as