i think john deere's results really -- a lot of people thought that might have been a safe haven, that agricultural equipment would be supported by high agricultural commodity prices what we found out today, of course, is that although we do have high agricultural commodity prices, they also have high input costs as well and the results were fairly disappointing. so i think what we can do is take a look at using a diagonal spreads. sometimes when i use diagonal spreads, we're looking to make sure if it moves too far in one direction, even our favorite direction, which might be just a little bit lower, we want to spread those dieagonals out. however, in this case i think most of the damage to the industrials now is likely has been done already, so i was looking specifically at the september 86 puts, purchasing those for $3.65 and then selling the near dated june 84 puts against them for a dollar. those june puts should decay more rapidly than the longer dated ones that i own. if the industrials really crater from here, something i don't think is going to happen, but if they did and it w

you don't see a $100,000 john deere 14 row planter out there. you see little hopis out there with their john deere hats and a planting stick. (group laughing) that's all you need, right? so this is what my whole presentation is really about. it's about our survival. it's about survival. 's about moving on into t next geration soittle ki can holcorn like ts 100 yes from n. with tt, i want thank y. (audnce applding) hatterin it was a very good experienceor me, but it w a very uelingrocess atimes. itas almosas though had to ove thatur techniques re valid thatur ancient cservatio teniques wked. part my thg and part othat who process was just bringing the recognition back to the people who originally founded it. (bds whistng) we don'tave peect knowdge, we don't havperfect ience, but we've always been adaptive. i think menominee's history has been adaptive to resource manament, politicaideas and learng how toeal with the but so stayi true to culral identy. and at's the secr of thislace. this is ancesal map, bere europn settlent. d this rresents out mi

this is agricultural giant john deere's latest tractor — no human in the driving seat.w working with so—called ethical hackers, who have found vulnerabilities in the organisation's wider operating software. we made contact with one of them, who asked to remain anonymous. he believes a targeted attack on the industry could cause serious damage to food supply systems. so, you could literally stop a harvest in its tracks by getting into all the relevant systems and tractors? theoretically, yes, and that's what we're trying to prevent. if you can't move your tractor during that time, or if you can't take the crop out of the ground, you can imagine what would happen, it stops the whole thing, everything stops. that's worse case scenario, but that is possible. john deere says the weaknesses identified by the hacker so far could not be practically exploited by cyber criminals, and do not pose a threat to customers or their machines. it said the company's top priority is and always will be to protect our customers, their machines and their data. however, experts warn this is bi

over the last year john deere has managed supply chain issues pretty well.rformed it's been a beneficiary of all the tightness in the markets for agriculture. so what happened >> sara, you're right. this was a surprise miss from john deere it's been regarded as one of those industrials able to manage supply chain issues much better than its competitors this quarter a different story over a billion dollars of inventory in-house, inability to procure the parts it needs the demand story does remain strong yes, farmers are feeling the pinch with fertilizer prices up but its backlog suggests orders are there. the smaller tractor business tends to be a bit more tied to the housing business they like those lawn mowers. deere says that market is being impacted by higher interest rates. the stock on pace for its worst day in two years, so yes, the market may be off the lows of the session but this is down 11% with a price-to-earnings ratio 15 times back to levels not seen since 2020. >> do you buy it, dan, down 11.2%? >> no. >> why >> you don't buy this, you don't bu

this is agricultural giant john deere's latest tractor — no human in the driving seat. organisation's wider operating software. we made contact with one of them, who asked to remain anonymous. he believes a targeted attack on the industry could cause serious damage to food supply systems. so, you could literally stop a harvest in its tracks by getting into all the relevant systems and tractors? theoretically, yes, and that's what we're trying to prevent. if you can't move your tractor during that time, or if you can't take the crop out of the ground, you can imagine what would happen, it stops the whole thing, everything stops. that's worse case scenario, but that is possible. john deere says the weaknesses identified by the hacker so far could not be practically exploited by cyber criminals, and do not pose a threat to customers or their machines. it said the company's top priority is and always will be to protect our customers, their machines and their data. however, experts warn this is bigger than one company. state sponsored cyber attacks are a growing threat. hack

they beat q1 earnings by 2% and sales beat by 5% but something comparable is john deere.pensive than john deere but only down 15% year to date i think it has the ability to move. it's come really close to its 52-week low but i like itw. >> your picks here go with the idea that we heard on scott's program. you've got to change your playbook now you can't go with the old -- the old winners, so your second one here is borg warner. i've not heard anybody here over the past decade, get me some borg warner now, that's what i want and get me some illinois tool, that's what i want. >> no doubt about it and we've talked about this new playbook we had to have this wrestling match between growth and value but boring names come back in vogue. i don't own this name yet. it's being considered on our list this is the leading auto supplier certainly we've seen a lot of car market inflation we're looking for that to abate. but you really dive into borgwarner which is not a name you talk about this is a $9 billion market cap name, very small market cap. at the end of the day they're going

john deere last week. this inflation issue is hurting markets. jon: to your point. if we were talking about snap today, would this market be finding another excuse? it just feels like people have been so reluctant to buy in this jittery environment. >> it could be. but one thing we do have to look at, i really think that today, the next day and half is going to be really important for the intermediate term picture for the marketplace. we have some really bad news today. not just out of snap but others lower than expected, home sales much lower than expected. and the one thing we haven't seen in a long, long time is a good reaction to bad news. and the markets are getting oversold. you look at some of these charts. the s&p, nasdaq, etc. if for some reason we can get a late-day rally, we've had all these late-day selloffs, but the last two days we've seen late-day rallies, if we see mething like that, it could give us relief. intermediate to long-term, people -- there's too many headwinds. you can pick one each day and it gives you a reason to be concerne iti: i'm so

i got a john deere mower. i know the guys are in the -- and of the guys in the room are jealous -- i know the guys in the room are jealous. 25 horsepower. i have not hurt anybody yet. the good thing about being no longer vice president is you get to drive your own car. one of the bad things is you get to pay for your own gas. i became a grandfather in the last year which has been one of the greatest joys of my life. karen and i learned a great and sublime truth. you can be a congressman from your home state for 12 years, you can be the governor of your home state for four, you can even be vice president of the united states of america. you are still going to a 25 minutes for a table at olive garden on saturday night at 7:00. it is true. it happened. when i told my daughter, she texted me back and said that is america debt. -- america, dad. boy, is she right. i'm here for this tradition of the federation of republican women. thank you for doing your part to rescue america from the downward slide the democrats h

technology, and many harvesters were exported, as they do not understand why they need those american john deereseir own house, and what silmash produces and rides on his dons, eh, and this one, but for some reason, the inzhuks wanted cases in classes in eh according to the new, more and more the situation in the last time of zaporizhzhya kherson oblast, unfortunately you know that probably criminals are born criminals because i am well remembered there and the territory, but in 39-33 years of the last century they were under the barrel of nagan there already in the agrarian area and were the last to be killed and today, under only the bottom of the aksoy, everything is being taken away for everyone, they are taking away all the equipment, ah, bogers, you know, funds are very difficult, because you have to wait a year for the profit and it is fixed . i hope that the armed forces of ukraine , with the help of themselves, will drive him out of the swimsuits as soon as possible, and then we will list everything constantly in a scheme with the deputies. we will talk to the deputies about how to help

there is a story when the russians in the zaporizhia region stole american john deere tractors that werectually located in the zaporizhia region, and since they are equipped with gps, they found them on the world map, and they were found in chechnya. that is, where ukraine is located without chechnya, nevertheless, they stole these tractors in ukraine and brought them there and then to chechnya, the only thing is that since it is the latest equipment, it was immediately blocked because of the money, the irony is that the russians did not will be able to use it, that is, you can’t steal it , but you won’t be able to start it because, after all, there are complex mechanisms and it is unlikely that the russians will understand how and how to break these mechanisms. and as for non-food, that is, let’s divide the first part of these wanted grain goes to the domestic market of russia, experts have already recorded that it is sold there for nothing countries that are actually on the brink of starvation because of the policy of crime and russia's war in ukraine, tell us about both of these areas

the other day just two weeks ago in illinois visiting john deere and i'm looking at the technological roadmap of what they are doing. i never knew a tractor company has so much technology built in with ai and computing and so on so i think that's what we need to do more is see how we can build this innovation and to do that, the proposal that's made i think is the right strategy. the investment for this bold rapid scaling of ideas and talent, and i'm really hopeful and thankful to all so if you make this happen sooner than later because we cannot miss any more time. this is the time. time is now. this is the time. we need to activate our progress to stay far ahead of the competition and not even look behind. >> i don't have anymore questions but to just one comment and that is to the administrator senator nelson first observing satellites are an essential tool for kansas because it aids us in our agricultural practices and that is a hugely important component of our state's economy, and your offer to educate me, show me and demonstrate that the value of those satellites is very much a

such innovation we can build all across our nation and with john deere the other day two weeks ago in illinois i visited john deere and i'm looking at this technological roadmap and whether doing i'm saying wow, i never knew the tractor company had so much into this nai and computing and so on and so i think that is what we need more is to see how we can do this innovation and to do that, the proposal is made in the compete act and i think the right strategy the investments that for the rapid scale in the ceiling of apple infant talent hopeful and very thankful to all of your support so you can make this happen very soon because we cannot miss any more time this is the time, the time is now and this is the time and we need to activate our progress essay far ahead of our competition not even look behind. >> i no longer have a questions into the nasa administrator, senator nelson, first observing satellite are an essential tool for kansas because it aids us in her agricultural practices and that isis a usually important component of our state economy than your offer to educate and show

infrastructure, corporate 500 companies haven't done enough to help america's farmers completely john deerehould be cutting interest rates at this time for farmers and all these companies that want to get bigger. tell us how they can help the american farmer here? >> hannity: want to thank you and your fellow farmers for all the great work you do. >> thank you very much. >> hannity: i wish you the best. you feed all of us and you don't get enough credit for it i appreciate you being with us and really shining a light on how bad this is. thank you i appreciate it. now with the administration does little to solve america's many problems today the ladies of the view they did their best to recover from joe biden's many failures blaming you know who for our economic woes when all else fails, vladimir putin, donald trump to come on any given day. >> the deficit goes down, the economy flourishes and the republican comes in and destroys it all. and the democrats in and a noose in the former guy because i won't but i will say until the pandemic the economy was soaring we had records. >> we had presi

>> john deere. i uglike this for the long term. >> jason, your final >> i like abbvie almost 3%. i think it plays well into this environment. >> i'll show you the market as we go out. officially a bear market i'll see you later "the exchange" is now. >> thanks, everybody let's repeat it once more with emphasis it's officially a bear market. the s&p down 20% from the record high the 24th. and dow is on track for the monthly losing streak. and says powell needs to go big and now. why the case for further tightening remains strong. and it's time to get into tech, just not the regular ones. and software,b cyber and social. but first the markets. and dom chu has the latest numbers. >> we started off positive and we're not there now. we eare tilting towards the lows of the session 3832 is that level at the highs today, we were actually up roughly 43 points in the s&p. at the lows of the session, down roughly 77 sob, with you can see tilting at minus sfwoin towards the lower end of the trading range and 11,104 under performer. dow down 450 points at this stage. 1.5% declined. this seaso

earnings from john deere and boeing capsule is supposed to connect with the international space stationon is a critical one for boeing after the delays to improve the starliner is able to care people to space >>> back to the markets. closing out another rocky trading week volatility is the name of the game for investors lindsey bell is at allied invest and cnbc contributor lindsey, great to have you on. for a few years here, we he never had 2% daily moves in stocks we broke records for boredom for the last segment when we spoke to tim, you noted we have seen 2% more moves what the heck is going on? >> the month of may is not pretty it has been a rocky ride for investors. rocky for sure we have not seen this in a while. volatility this year as ticked up i think it is a reflection of investors trying to grappling to figure out the direction of the market there is a lot of uncertainty here a lot of question marks about where growth goes from here. are we going to see a massive slow down led by the fed or stabilize after a period of slowing down from really high record rates of growth going

and i was with john deere the other day, just two weeks ago in illinois, visiting john deere.and i'm looking at the technology. looking at what they're doing. and i'm saying wow. i never knew that a tractor company has so much technology with artificial intelligence and so on and so forth, i think that's what we need to do more. to see how we can build those crucibles of innovation and to do that, the proposals that are made and that they can compete at, i think it's the right strategy. the investment for this bold and rapid scaling of ideas in talent. and i'm really, really hopeful and i'm very thankful for all of your support so we can make this happen very soon because we cannot miss any more time. this is the time. yesterday my talk at ibm, was time is now. we need progress. we should look behind. >> no longer any questions, but just one comment, and that is to the nasa administrator. senator nelson, earth observing satellites are essential are an tool to kansas because it aids us in our agricultural practices. and that's a hugely important component of our states economy.

the consumer you have john deere, their biggest competitor, their ceo is going to fly in tonight andoin us live. we'll talk to the head of a truck stop it's going to be a full view on inflation, hopefully some optimism as well, kelly. we want two pairs of those costco earrings not just one pair what's going on, rudy? rudy's tacos, pretty good here >> what did you mean when you told that guy you were going to see him tonight? >> reporter: well, he literally stood over here and he's like are you the cnbc loudmouth or something like this. yes, that's me and literally we're just chatting and we're going to be doing our show live from here. >> nice. >> reporter: so the restaurant that's letting us in is doing us a solid. so i'm going to do them a solid. anybody that's kind to us on cnbc, come on in get some beer. get some wings, pay the restaurant back because we're going to show them our time -- they're letting us there for free trying to bring them customers got to do it pay it forward >> like a town square. >> reporter: rudy's tacos and get some lunch how are you doing? >> as he lurks

labor movement we have seen big companies go on strike in the past couple of years that includes a john deeregains for their workers obviously there been high profile movements to organize new companies we have seen starbucks workers starting to succeed at organizing stores and the biggest one has been amazon without the first successful organization of an amazon warehouse just a month or so ago. a lot of people thought this was going to put a lot of wind in the sales of labor organizers and just down the street about four minutes from the warehouse success will unionize deliver month ago they failed to persuade their colleagues just down the way to join up it really shows the labor movement is something that plays out plant by plants, location by location a lot of workers doubt if the union will be able to deliver they are being promised. paul: kim, amazon hasn't founded and well he's not ceo he still plays a role, jeff bezos knows who's a politics are left essentially owns the "washington post" very prounion at least in their editorials of reporting. how do you explain that? [laughter] try

. >> john deere. i uglike this for the long term. >> jason, your final >> i like abbvie almost 3%.plays well into this environment. >> i'll show you the market as we go out. officially a bear market i'll see you later "the exchange" is now. >> thanks, everybody let's repeat it once more with emphasis it's officially a bear market. the s&p down 20% from the record high the 24th. and dow is on track for the monthly losing streak. and says powell needs to go big and now. why the case for further tightening remains strong.

you can see the john deere piece of machinery that's about to do the cleanup.nd me. this is an apartment complex. we actually talked to one resident who rode out the storm there overnight. she said two tornadoes hit. the first one did most of this damage that you're looking at there. the roof peeled off like the top of a sardine can. most of the residents evacuated. she staid there. her ap her apartment relatively undamaged, but the folks on the third floor will not be returning anytime soon. it gives you a sense of just how strong this tornado was. and just about every single building, jim, downtown, has some sort of damage. the power lines are down in the entire city at this moment at least is without power. >> lucy kafanov, thank you very much. >>> with new strikes on the eastern part of ukraine, how much longer can soldiers keep russian forces from moving forward? we're going to get an update on the situation in ukraine, coming up next. ♪ my name is austin james. as a musician living with diabetes, fingersticks can be a real cllenge. that's why i use the fr

some of the big caterpillars, john deere names may you money to wait volatility out.hat is just fine. that is how you survive it. charles: kevin, goldman downgraded equities neutral next three months. talking about stagflation having all macro momentum. they say overweight cash. is cash a good place to hide out? or do you still want to mess around to find a sector that is least impacted? >> yeah, absolutely. first thing people have to get out of debt. stop using margin. van track said younger individuals are getting into margin because they're trying to make up the losses they had in the last six months where older individuals are moving to cash. cash is good for those with higher incomes because you're not affected by inflation with higher income, stuff you want to buy, assets like stocks and real estate are going down. inflation is ironically helping cash become more valuable, not less valuable. so i still like cash. i can't help myself when tech and value are almost aligned to the s&p 500, this is the opportunity of a lifetime to get into tech plays. that is what i

today we heard from john deere, which is struggling with supply chain issues and procuring the partsneeds to fulfill the strong demand it's seeing from farmers, and it follows a sharp rise in wheat and soybean prices. shares of deere down 15%. we have not seen this price action in two years. there's other names like coca-cola, kroger, down 7%, 8%. this while oil prices continue to rise now above $113 a barrel, which means gas prices are up a bit more. i guess the broader conclusion one can draw is that the earnings story in a way is confirming what some economists have been fearful of, which is an accelerated slowdown in the economy. >> we've seen the s&p dipping into bear market territory. is it only a matter of time before the dow and nasdaq follow suit? >> we'll have to see. the earnings story next week will provide more clarity. we'll hear from names like dollar general, nordstrom, best buy. the color we hear from executives on what they're seeing from consumers across the nation as well as some of the names that perform outside of the u.s., that will provide that level of clarit

who want to merge together and be big with no answers in the high cost of equipment, people like john deere, urge those companies to give back and help american farmers. we're at a crisis right now. as a black farmer in this country, we're still looking for aid from the federal government for $5 billion that we haven't seen one red cent of. and the president committed to sit down and have a meeting with me to discuss next steps on getting that aid to black and other farmers of color and that meeting hasn't happened. so right now many black farmers don't have farm operating capital. and the costs that he's speaking of, these are up-front costs for farmers. you have to be able to pay for the high costs of diesel fuel and many farmers don't have a farm operating loan in place and the top ten banks we reached out to haven't came to our aid either. so the people watching today, we're at a crisis and the american people are the ones who are going to pay when you see empty food shelves in the local supermarkets in the coming months. you're taking out a region of the country with ukraine and russia

and deere and company, the old john deere jpmorgan upgraded the stock in the middle of march, $440 pricey upgrade it to buy from neutral i think this stock is cheap on valuation. i know the argument is a lot of pull forward i don't buy it yet i think deere goes higher. >>> coming up some headlines out of elon musk's twitter deal. a timeline on when the deal could close. we have the details when "fast money" returns you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. there are lots of choices when it comes to your internet and technology needs. but when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security. and you choose fiber solutions with speeds up to 10 gigs available to more small businesses than any other provider. the choice is clear: get unbeatable business solutions from the most innovative company. get a gre

well nothing runs like a deere and today's countdown closer thinks john deere stock ready to plow majorhe way it's one of the few stocks out there that has been able to do one thing in particular. we're going to tell you what that is, when we come back. don't go away. dow jones industrials holding on to 51 points of gains right now. . . i have moderate to severe ulcerative colitis. so i'm taking zeposia, a once-daily pill. because i won't let uc stop me from being me. zeposia can help people with uc achieve and maintain remission. and it's the first and only s1p receptor modulator approved for uc. don't take zeposia if you've had a heart attack, chest pain, stroke or mini-stroke, heart failure in the last 6 months, irregular or abnormal heartbeat not corrected by a pacemaker, if you have untreated severe breathing problems during your sleep, or if you take medicines called maois. zeposia may cause serious side effects including infections that can be life-threatening and cause death, slow heart rate, liver or breathing problems, increased blood pressure, macular edema, and swelling and

don't let him get a john deere, please. you just hang out. i think you hang out too much. hamburgers. you can't hang out together. whose idea was that, nancy pelosi's? why don't you press -- boys go out and get a bite. you know she was a hillary supporter, what is wrong with you? god forbid if joe biden falls into the hands of a terrorist, god forbid if there is ever a hostage situation. we are done. it will not have to torture him. all they will have to do is say i was it going joe? this [laughter] what did you do, waterboarded? -- water board him? no he killed hawkins. i cannot listen to them anymore, it is like torture. [laughter] [applause] so you guys are running out like that, that is white there is secret service. you have got to sandpoint, you have got to step on game. it made me nervous when jews got past you. i did see the head of the secret service, and to their defense he said we do not know how much footwear they stopped. [laughter] i've got to say, president bush, he knows how to leave town. we have not heard anything from him, he is just quiet. he left like

i couldn't get the part from john deere and they had one nowhere in the united states in its inventoryat all. i had rob a part of another tractor to keep another tractor running. unheard of things like that. the labor crisis in this country. nobody can get anyone to work. materials are hard to come by. i spoke of the labor crisis a second ago. there are too many people getting paid to sit at home and do nothing and when -- you can't blame them -- i do, but it is hard to blame them when the government is paying them to sit at home. >> julie: go to work. that's the unfortunate part. >> there is no incentive to go to work. and that's one of the biggest issues in this country is nobody will work. i have guest workers on my farm, 30 right now that i provide housing and transportation and fuel for and there is really no sense me having to bring that many people from a foreign country just to get my work done so i can help feed this nation. it is ridiculous. >> julie: the cost of food prices and they are astronomical. eggs, milk, everything you are paying so much for. all the prices are up a

corporateto five hundred companies haven't done enough to help america's farmers companies like john j deere. they should be cutting interest rates at this timet for farmersc and coquille and all these companies want tot get bigger. it doesn't tell us how they're going to help the american farmer here. i want to wish you first.ha thank you . nkyourand your fellow farmers fl the great work you do and give them t and i wish you the best give feed all of us . you don't get enough credit for what you do. it i appreciate you being with usei and reallyng shining a light on how bad this is.bayo thank you . john boyd, you appreciate. io all right.n nowli while the administration does little to solve america's many problems today, the ladies of the view, well, they did their best to run cover for biden's many failures, blamingng you-know-who for ourfo economic woes. of course, when w all else fail, putin trump, pick them on any given day at democrats in office, the deficit goes down, the economy flourishes and then a republican comes and destroys it all and then the democratss come in and sit up and

deer aren't running through the information recent with kevlar vests on for god's sake. it is just sick. >> joining me now, correspondent john his way home from asia, he wanted to address the nation as soon as he got back. >> the magnitude of this tragedy ways such that president biden had to address the nation when he came back from this long flight from asia. and as has become familiar, he e empathized with the parents and those who lost loved ones as a parent who himself has lost children. he also expressed outrage as he implored congress do what it hasn't done after so many incidents of this kind including newtown which is to take some action on gun restrictions. here is the president. >> john, obviously joe biden was vice president -- >> i guess we don't have that. >> he was vice president during the sandy hook massacre, he was chairman of -- he was working hard on the crime bill in 1994. he helped pass the assault weapons ban. this is something that he's worked on his entire career. >> that's right. and that is the one time in recent memory when congress was able to act but of course the assault weapons ban expired and

deer around the bay actually was a hot one the past couple of days. yeah. finally that much needed break. on with a look at the forecast and the changes ahead, john.nk too many people mind the fact that we're falling into the 70's for many spots that had just been in the 90's and we're staying that way for sure. look at this. we've got some brightness and a little bit of fog in this view. from the embarcadero right here today, bringing the return of some of the low gray and fog depending on where you're at. watch out for some spots, low visibility, especially closer to the coastline. otherwise skies will remain dry today and temperatures that are mild this morning are going to stay pretty mild 50's 60's for most of our current numbers later today, we'll be rounding things out mostly in the 60's to 70's reyna. john, thank you for that. all rigst. let's check out the bay bridge this morning. hey, we are a little delay there about. >> 60 minutes for your drive to make it from so that fremont street exit san mateo bridge traveling across towards the peninsula, slowdown along one. 0, one. so it will be about 18 minutes to make that drive from 80 to one

john, how serious do we take the simulation, that rhetoric, how deer russ do we take this as a threateks. two years later hitler said, some chicken, some neck. simulating an attack on television against london is unlikely to intimidate the english people who are gritty people. the trip between london and leningrad is a two-way street. after having said that, putin and xi, the in our book, the dancer and the devil, these are very, have people. this is a dangerous time for the world. not only because of nuclear weapons. but because he have other weapons they developed. will: just to return to the question though, john, and i understand that it is not likely to intimidate the west, but how likely is it to happen? to listen to this rhetoric potentiality of a declaration of world war iii within days, the nuclear holocaust of europe, i mean, is this a real threat are coming from vladmir putin? >> i don't like think so. the last guy that threatened nuclear attack on the west was joesph stalin who in 1953 was preparing for a nuclear attack. first a purge. then a nuclear attack. he was poisone