jay woods.ll be right back with more on the markets. with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab. how's the chicken? the prawns are delicious. oh, i have a shellfish allergy. one prawn. very good. did i say chicken wrong? tired of people not listening to what you want? it's truffle season! ah that's okay... never enough truffles. how much are they? it's a lot. oh okay - i'm good, that - it's like a priceless piece of art. enjoy. or when they sell you what they want? yeah. the more we understand you, the better we can help you. that's what u.s. bank is for. huge relief. yeah... ♪ >>> welcome back to power lunch. we want to call attention to this notion here that the stock market is just hovering above session lows right now. the dow down about 270 points. it was down more than 300 at the lows

joining me now is jay woods at freedom capital markets. a market that has been resilient over the course of the last three or four weeks with a decent bounce off the correction that never came about. >> 5.5% retracem we are looking forward to this week is a slew of data it was a quiet week last week. we usually get a rally now, it is not the word of the day, but the song of the day the song of the week >> the earworm >> we are not singing it people are driving to work anticipation the carly simon song that has been the biggest volatile indicator that we have seen more volatility happens after the cpi than any of the economic data points that have come out we see it after jay powell speaks neel kashkari likes to rile things up. he doesn't vote, by the way. we have gone up three weeks in a row. we have done down three weeks in a row. we broke above the 50-day moving average. will this be the catalyst? we have seen a dichotomy of spending watch home depot and walmart comeing into today this is the pivot point. can we break higher or is the ra

chief global strategist jay woods is here with reaction.hing "mornings with maria" live on fox business. we'll be right back. ♪ your love is my love, my love is your love. ♪ my love is here to stay ♪ you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? you can get two unlimited lines for just $30 each a month. all on the most reliable 5g mobile network—nationwide. wireless that works for you. for a limited time, ask how to save up to $830 off an eligible 5g phone when you switch to comcast business mobile. don't wait! call, click or visit an xfinity store today. maria: welcome back. another busy week of first quarter earnings, warner brothers miss on revenue, $9.6 billion, but it also added 32 million subscribers, teaming up with disney to bundle disney+, hulu and max. meanwhile, airbnb reported an 18% increase in revenue to over $2 billion. it predicted weak seco

here with chief global strategist jay woods joins me now. that is the big question. does this push the idea of another fed rate cut further down into the year or if at all? >> got the speaking in amsterdam and kept it longer. all lies on the cpi number, the ppi, offer all-time highs, focused on the march revision and numbers won't go into the fed inflationary preferred gauge which is the pce and cpi unemployment and tomorrow you see fireworks which way that is an don't anticipate a slow boring day like we have now. rallying 1% after it is higher for longer, looking at rate sensitive stocks and this is interesting times where the market is saying things, and we see how market reacts. cheryl: one reason during the session, they got that revision. the bigger question is the shelter component. several folks came on the air, analysts i talked to yesterday, shelter component was easy and we see that reflected in tomorrow's standard and the energy price component higher again as we go to the summer driving season. that's going to be a market negative. you have recession tal

investment in entertainment and a concept with tiger woods and pop stroke entertainment, which is 36 holes of synthetic putting but it w lodgealed a jayfor us, in athleisure and lifestyle outside of golf to bring an apparel and footwear brand to life. so we have been here in new york over the past couple of days with our partner, tiger, bringing sun day red to market and it's been a wonderful opportunity to expand. >> so the flip side is what took you so long? you have hats, i know that, but the other apparel, you're a late entry here is footwear a part of this >> sun day red is an apparel and footwear brand we have been working down a multiple pathway to get into the apparel business we do collaboration work around the world, which is a nice business for us. but we don't own those brands, we own the tailor made brand marks. we have looked at other acquisition strategies to determine is there a good fit for us to take a regional brand and nationalize it, but a year ago we had the opportunity to engage with tiger's team and start to think about other concepts tiger's been part of taylormade since 2017 when he became an athlete playing

jay powell's comments with richard clarida. that's next. "squawk box" will be right back. ♪(fun music)♪ mom, can i help? camping was fun, but it looks we brought the woods if you're a mom, then you really need weathertech for mother's day. it's the ultimate way to kid proof your vehicle. from laser-measured floorliners for the front and rear... to cargoliner...seat protector... and seat back protectors... we've got mom's covered. your turn. (hose spraying and laughter) find all these american made gifts, perfect for mother's day, at wt.com >>> welcome back to "squawk box. shares of carvana soaring after 23 cents per share reported. analysts expected a loss of 74 cents. the ceo saying the strong performance was driven by efficiency gains in the operations and reconditioning of vehicles for sale and cutting expenses the stock rebounding after the crater in 2022 and bankruptcy concerns it is focused on profitability rather than growth it was on the crazy growth train. look at that stock and then it went on a tear in the pandemic and then fell down here we are. >> still$120 >>> hong kong shares of chinese ev maker nio jumped 20% overnight. the company deliv