visit indeed.com/hire take a look at hasbro, big mover. shares up 11% after delivering a beat across the board in the latest report. a surprise adjusted profit on the quarter. forecasting flat to declining toy market in 2023 joining us with his outlook in a cnbc exclusive interview is hasbro ceo chris cocks welcome back top good to see you. >> thanks for having me back. >> help explain this quarter to me i get profitability was a nice surprise but we're talking about declining in revenue and declining in the different categories, but clearly a big step in the right directions how does it look to you? >> we definitely came in with pretty reserved judgment about what the quarter was going to do in the first half coming into the year we handily beat our expectations we did that based on strength in our overall gaming portfolio, specifically magic the gathering, up 16% year over year and we had nice strength pockets. p play-doh was up, peppa pig was up hasbro is in a turn-around and that turn-around is taking hold in q1. >> inventory is a comp

. >> hasbro is one of the top s&p 500 performers today shares are up.expects the toys and games market to remain flat this year. that's why hasbro and mattel are focusing on intellectual property they're launching co-branded games and toys. >>> crocs on pace for its worst day since march 2020 the strong performance for shoes, shares are down 16% crocs recently acquired a shoe brand called hey dude and those shoes aren't selling as well as they hoped. >>> last chance to weigh in our twitter question we'll bring you the results after the break. but seriously wd a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. i can't, you know, thank my parents enough for making sure that this connection is here. one of the things that my mother told me when she was

hasbro a top gainer after a surprise profit beat we'll break down the numbers with the toymaker's ceo"squawk on the street." comcast headed higher beating earnings estimates despite losses at peacock the streaming service and a drop in residential broadband subscribers. comcast up a nice 5.3% and then there's meta which is leading the s&p after posting its first sales increase in about a year worth stepping back and talking about this, with a 14.25% surge in meta leading into the report a 70% run up in the stock this year it seemed like a good combination of what wall street is looking for right now which is a return to revenue growth, efficiency is going well, the -- they lowered their operating expense outlook and there was a lot of talk of a.i. >> even though the capequix unchanged. efficiency hits the ground even with the restructuring charge and we went over the metrics with jim, ad impressions up 25% as they're getting some definite traction relative to tiktok even now, even before any kind of ban in any more states time spent against tiktok on reelz is smaig headwind. >> reelz

for this market the big winner has been hasbro this week.rt, but you say it's their rival that's been a real winner on main street. tell us about it. >> a lot of traction on twitter because mattel did announce they have a new bar by out, and it is a barbie with counties syndrome. they -- downs syndrome. they talk about diversity and inclusion, and i think this is a community of people who are worth including in society especially since so many women are encouraged to the abort them. so i praise them for this move, and also i just want to tell mattel, if they're looking for a ken with downs syndrome, i have a very handsome cousin who would love to be the prototype for their ken doll. we need barr biand ken -- barbie and ken. these are people with dignity and respect, and i think it's great that mattel is orrining -- honoring that. charles: let me tell you, his ceo has been on the show three times, he loves me. he'll probably call me after the show. >> let me know. charles: coming up, my takeaway on staying the course in the market as tough as

hasbro says get ready for even better quarters ahead, promising business will continue to improve thisl between disney and the state of florida at this hour as the battle between the entertainment giant and governor ron desantis continues to rage. disney shares are actually up 3.33% right now, bumping up against $100 per share. yesterday disney sued desantis himself after his newly-formed tourist board voted to nullify its long-held agreement with disney. that agreement has for years allowed the entertainment giant autonomous control over its theme park, expansion and utilities. today it was shoved right in the governor's face. a florida court issued this summons in the disney lawsuit against desantis which says very plainly, a lawsuit has been filed against you. if disney says the governor is retaliating against it for expressing its opinion on the don't say gay law, its first amendment right of free speech s and desantis claims the lawsuit has, quote, no merit. let's take it live to the home of disney world, orlando, florida, and ashley webster. you know, ashley, how bad could the ge

dipping on news that the cfo will step down at the end of the month she will take over as the ceo o hasbro the spinoff of the electric bike unit with the spac merger. stock prices are moving higher. >>> when we come back on "worldwide exchange," another big money mover and shares of one luxury giant taking off. >>> and we dive into whether crude oil has more room to run. >>> and later, conversation with dhl america ceo mike parra an. a very busy hour ahead when "worldwide exchange" returns mak . now ports can know where every piece of cargo is. and where it's going. (dock worker) right on time. (vo) robots can predict breakdowns and order their own replacement parts. (foreman) nice work. (vo) and retailers can get ahead of the fashion trend of the day with a new line tomorrow. with a verizon private 5g network, you can get more agility and security. giving you more control of your business. we call this enterprise intelligence. from the network america relies on. power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools, and pape

h hasbro is up, too. p inventory is still a little bit of a concern, the stock up 12.5%. inventory is the story behind caterpillar's drop. the stock breaking below its 200 day moving average as you can see right here after that 2.3% drop, the margin strength overshadowed by high dealer inventory it was twice as high as expected by the way keep in mind as you look at declines like caterpillar, microsoft and meta are powering the majors higher this week. here is the russell 2,000, up 2/3 of a percent today. but even with today's gain, only 6% away from making new lows lack of bread in the s&p, as well this is something that traders are carefully watching and that brings us to the next discussion a recession looks inevitable after the bank stress we have seen my next guest says there is one bright spot. joining me is allen boomer good to see you. you're still bullish on china. welcome. >> yeah, thanks for having me. i am optimistic about china. china is reopening it reminds me of the united states circa 20 1, when we saw a rampant return to economic activity we're starting t

how about hasbro? lauren: strong earnings, kids are playing games, not with toys.games instead of toys, video boardgames even. there's something called magic the gathering that's very popular. huge numbers. i haven't heard of them either. i saw my kid -- we are not category here. that's countering week demand for nerf. stuart: i think southwest airlines is down and down big, 6%. lauren: wider than excited loss and flagging fewer deliveries. stuart: thanks very much, everyone. elon musk makes an unexpected trip to capitol hill. he met with senate majority leader chuck schumer and south korea's president. details on that. don't know what they are talking about. republicans urging the white house to stop plans to subsidize mortgages for risky homebuyers. the expense of those with good credit scores. the mortgage rule is set to go into effect monday. can it be stopped, grady trimble report. there's growing concern in congress over efforts to stop secret chinese police stations from operating in america. republicans say the fbi's withholding information on these spying

as they upgrade the stock to neutral and target $60 a share from $42 shares are up which would be hasbro'sekly gain since march, 2020. remember that, mike? >> that was a bpretty good mont to be compared to. the increase in office vacancies and interest rates is raising concerns about the health of commercial real estate as the ongoing banking turmoil weighs on investor sentiment, but our next guest believes this is not the next shoe to drop. joining us is the global chairman of research at berkeleys. thank you so much. >> sure. >> you're laying this out for us because there has been this shadow over the banking system for some time. maybe a slow-moving crisis, but considered to be a crisis all the same how are you reading it >> so there's two points to make right at the start the first is it's not all commercial real estate that is the problem. it's office commercial real estate which is maybe 15% to 20% of the mix, and the second is even there, leases are staggered. they don't all roll over at once so there's time for this -- it is a problem, don't get me wrong. office rvan -- vacancy rat

announcement that its chief financial officer will leave the company to oversee finances at toymaker hasbroo played a pivotal role in harley's 2020 restructuring efforts. hog also under pressure after ubs said its first quarter retail sales at u.s. kips may have fallen by as much as 20%. by the way, harley reports earnings two weeks from today. stock is down about 2%. >>> for the moment motorcyclists don't have to worry about this, but the environmental protection agency just announced new emission rules for light-duty and medium-duty vehicles for the 2027-2032 the model years meaning automakers could begin to accelerate the to electric cars sooner than expected. but that push is not yet sparking mass adoption of evs and interest from the public. and, by the way, the high cost of evs at least right now is not only problem. to madison alworth who is live at a rest stop in she is caucus, new jersey, talking to drivers. what are they telling you about their main concerns? >> reporter: liz, cost is definitely something they mentioned but also range of vehicles and access to charging ports. so f

let's move on to movements in the c suite, harley-davidson, the cfo will step down to join toy maker hasbro getting a price target cut from $55 to $65, and other analysts are concerned about a drop in q on retail sales. ubs protecting a 20% fall in retail sales sales have fallen 30% from its february 52-week high. >> kristina, thank you kristina partsinevelos. >>> amazon shares up 20% this year as tech has rallied the most of any sector ceo andy jassy addressing the company's major cost cutting moves during an exclusive interview today on cnbc. it's part of what's been a so-called year of efficiency for big tech overall our frank holland joining us with more on that story. frank. >> reporter: scott, amazon certainly among those mega cap tech companies outperforming this year following layoffs and cost cuts. meta, they actually kind that year of efficiency up more than 80% year-to-date, so following the release of his annual shareholder letter, amazon ceo andy jassy, he discussed amazon's own focus on efficiency in that letter, jassy really emphasizing a kneneed to maintaa lean culture and a

created in new york city, most were created in new york city by companies like milton bradley, owned by hasbro and these antisemitic games in conjunction did more damage to people because it was in the quietness of their homes. middle-class immigrants and europeans had this view that it was all right to mutilate and decorate -- degrade black people because they do not feel pain, they like it. even in festivals, you had games of that nature. for over a century, we are not talking recent history, we are talking these games were invented and promoted and designed over a century ago and promoted intolerance, violence, racism and all of the negativities that does towards humiliating a people. we have to look at the history of things such as board games, card games, even toys. we do -- for instance, the other game called black wall street, a board game. a historical game that was created centuries ago is called mccullough. it has been around for centuries, long before these racist games promoted by companies in new york -- host: we appreciate the call. we are going to have to move on to another call

created in new york city, most were created in new york city by companies like milton bradley, owned by hasbro and these antisemitic games in conjunction did more damage to people because it was in the quietness of their homes. middle-class immigrants and europeans had this view that it was all right to mutilate and decorate -- degrade black people because they do not feel pain, they like it. even in festivals, you had games of that nature. for over a century, we are not talking recent history, we are talking these games were invented and promoted and designed over a century ago and promoted intolerance, violence, racism and all of the negativities that does towards humiliating a people. we have to look at the history of things such as board games, card games, even toys. we do -- for instance, the other game called black wall street, a board game. a historical game that was created centuries ago is called mccullough. it has been around for centuries, long before these racist games promoted by companies in new york -- host: we appreciate the call. we are going to have to move on to another call