people should get back to seeing normal earnings from them. >> josh brown?m. >> alphabet, scott it's been a week since their disasterous response it's bottomed. >> you don't talk about tech stocks that often. >> it's just right there in front of us. >> i'll see you in "overtime." "the exchange" is now. ♪ ♪ >>> thank you, scott hi, everybody. i'm kelly evans. here is what is ahead this hour. inflation is still hot, labor tight, housing firmer than expected, manufacturing doing worse. the markets are taking a breather today the real question is where do we go from here are we -- and rates are adjusting for everything from auto lones to credit cards how much longer is this sustainable? that's a

josh brown with a new move, a new stock, which is toast, tost, which josh brown just bought why? >> i took a very small position. i anticipate adding to it. they have earnings coming up february 16th. the last two times they reported earnings, the stock went down a lot. so nobody should think that this is my only price that i'll be buying it at, and i would not recommend anyone following me in here as a trade. this is an investment for me basically the story of toast is very simple, the company was founded in 2011. they went public in 2021 about ten years later, this is a full-sized business in a sort of small market cap about $12 billion. the high was $65 a share shortly after becoming public during the 2021 bubble, it has since been absolutely crushed, although on its way back but the business has never been in better shape. they reported the september quarter, revenue grew 55% to about $752 million for the quarter. so they were doing billions in revenue. they have over a billion in cash and they are providing all of the digital transformation systems to the restaurant industry

joining me josh brown, jim lebenthal, joe terranova and jenny harrington let's check the markets. searching for direction a little bit. s&p is trying to hold on to the 4,000 level. is the rally ending? will we retest the lows? we can we hang on? that's why the stock market seems to be more balanced than it was yesterday >> let's place in context the type of market we have you've done a great job talking about this, and josh really explained it well yesterday talking about the algorithmic impact there have been 65 trading days. there has only been one day in which the s&p has closed outside 3800 to 4200 we are in a period of consolidation like we have not witnessed in this market for the last 15 years. what am i against? i'm against making these grandiose calls. the market is going to make new highs above 4800 let's break out of the range first. how do you break out of the range? you get yields to stop moving higher and, believe it or not, the nasdaq, which i'm not long, the nasdaq is what will have to take you higher. nasdaq challenge 200 inter day moving average it has to be the

year rally is now over and where the reversal could take us joining me for the hour here at post 9 josh brown, stephanie link, joe terranova, shannon saccocia we are down by about 550 on the dow. the s&p 500, we are -- i'll tell you what, you blink and we may be below 4,000, josh, before you know it on the s&p, certainly if we're not careful we may give that up. it seems a matter of when at this point. >> we might have gotten ahead of ourselves. oftentimes at the beginning of the year, especially after a bad year, everyone looks up and says, all right, last year was bad. it's unlikely to follow a bad year with another bad year and you see money put to work by the likes of financial intermediaries who are rebalancing, taking money from what worked, adding to what didn't work. a lot of that is systemic and a narrative starts to form people start to feel a little bit better than they ordinarily felt the vix is at 17 and the market just completely looks out of character from what the prior trend is what we're doing now is reversing that you have a vix back at 23, the highest we've seen since befo

business and the cpu side i don't think we'll hear about that today >> i think josh brown made an interesting point earlier on "halftime," that as much as he loves nvidia, most of the sh shareholders like this but given the move we have seen, if he didn't own it, he wouldn't buy it here ahead of the number. can you sympathize with that perspective, as well >> absolutely. just as we think this year, we're in for some choppiness here obviously, we had a nice start to the year. i don't think we can expect that is going to continue over the remaining eight months or so that we have left. you know, i don't think we're out of the woods yet there will be more volatility. the opportunity to buy high-quality name like nvidia, you'll get a chance or something. >> i don't feel like we can overstate the importance of this report at this moment. given the market capsize, it will be an important moment in time when nvidiareports the results. look at what the stock has done, 50% year-to-date the nasdaq had a good move and a surprising one, as many, to kick off the year these results will have to be good may

i know our viewers wanted to hear from you today and so, frankly, did i josh brown, thank you. joe, you used to own it. you don't anymore. >> let's get right to the bullet points i'll buy the stock on the close today. >> syou will >> josh is right, this is a fantastic quarter. over the course of time how dara has changed the culture. remember what the culture of this company was like under the previous ceo so, first of all, he has completely changed the culture this is now winner take all. let's throw up lyft. what is lyft doing >> winner take most. it's not like lyft is disappearing, right? winner take all is a little strong >> you never want to say a company is disappearing but i'll tell you what, if i'm an investor in lyft, i seriously have to be questioning the strategy moving forward and, in fact, should they be thinking of themselves as a potential acquisition target within this quarter delivery -- delivery was really strong how is that in such an inflationary challenged environment? this is a remarkable quarter moc, i'll bayouy uber. like josh, i will be an investor >> yo

as the world moves to ev, they're all going to need a ton of lithium >> it's a josh brown name from byfinal trade? >> exp >> steve weiss [ inaudible >> josh, quick name? >> uber, breaking out. >> good stuff. i'll see everybody in "overtime. "the exchange" with kelly is now. >> hi, everybody here's what is ahead tech stocks are going bonkers again, led by meta and helped by earnings and the fed can the rally keep going when amazon, apple report tonight we have the key things to watch. >>> plus, ray warns we're at the brink of economic war with china, but one guest says if you're looking for an opportunity in equities, china is the place to be what

you have to respect this move. >> josh brown?nes all year as the ai gold rush gets underway. i'm staying long >> what did you make of what the professor had to say top of our show, his camp or no >> yeah, i think they started late and will go overboard at the end. they do that every cycle they'll do it again. >> we shall see. >>> again, dow down 225. s&p, down a little less than half of 1% "the exchange" begins now. >>> thank you, scott welcome to "the exchange," everybody. i'm kelly evans. ahead this hour, a five-star manager gives us his tension trades, and trading three big names with earnings on deck, and we'll dive into the cp ireport stocks have turned lower and bond yields lurching higher as the markets digest the hotter than expected numbers. take a look at the yield on six-month treasury yields. if we close above 5%, it will be for the first time i

might bring we'll debate and discuss with the investment committee joining me for the hour today josh brown, stephanie link, jim lebenthal, kerry firestone the final day of what has been a down month and we're mixed now the dow down 170 there's the s&p down a couple points and the nasdaq has been all around today, good for about 16 1/3 josh, we're in this month, i feel we have big questions now as we enter march, whether it be march madness for stocks or not. how do you see things after quite an interesting couple of months to start this year? >> i think the story with february is just a repudiation of january, and january was a repudiation of december. so we're kind inform this situation where when the inflation data shocks to the upside, the dollar rips. stocks go down even gold went down this month and we don't know what march's data will look like. i would just tell you that is almost single-handedly going to be what's responsible for whatever we see in the s&p it's just what the market happens to be laser focused on right now. there's no way around it some areas of the market will be m

interesting new moves from the investment committee joining me for the hour shannon, josh brown, billcheck the markets and see what we're doing, up the best levels the dow hanging on to positive territory. discretionary has been the best of the year, casinos are running hot. we have an exclusive interinview with

. >> josh brown? >> starbucks don't drink cups of olive oil, you idiots >> jenny >> madden, 6.2% yield. >> all right good stuff i'll see you on "closing bell. "the exchange" begins right now. >> thank you, scott. hi, everybody. i'm kelly evans. here's what's ahead this hour. the fed's james bullard, reis rating his call to go north of 5% how many agree stocks try to recover from their worst day of the year. and one of our guests says high inflation is leading some companies to suffer from money illusion, and it's one reason layoffs haven't hit just jet and we'll talk to the ceo about the disinflation they're seeing. but first, let's get to dom chu with today's market. >> session highs right now it is green across the board marginally speaking. it's about a quarter to 1/3 percent gain the dow up to 33,19 7. and the s&p 500 is above that 4,000 mark again, up about nine points and how is this for symmetry at the highs of the session, kind of near where we are, we were up 14 points. at the lows, we were d

joining me and the committee joining me for the hour, brynn talkington, rob sechan, steve weiss and josh brownof day today. look at

year rally is now over and where the reversal could take us joining me for the hour here at post 9 josh brownterranova, shannon saccocia we are down by about 550 on the dow. the s&p

event with the investment committee today joining me liz young, steven weiss, jenny harrington, josh brownn is with us, too. let's show what you the markets are doing right now in this wait for powell the dow down 66.

the investment committee choosing their sides today joining me josh brown, jenny harrington, jim lebenthaly our senior economics reporter, steve liesman. we go and see where the markets are just past 12:00, noon in the east and we are lower across the board. we're off the lows but still down across the board. rates today are not lower.

might bring we'll debate and discuss with the investment committee joining me for the hour today josh brownlink, jim lebenthal, kerry firestone the final day of what has been a down month and we're mixed now the dow down 170 there's the s&p down a couple

joining me josh brown, jim lebenthal, joe terranova and jenny harrington let's check the markets.e bit. s&p is trying to hold on to the 4,000 level. is the rally ending? will we retest the

event with the investment committee today joining me liz young, steven weiss, jenny harrington, josh brown and, of course, steve liesman is with us, too. let's show what you the markets are doing right now in this wait for powell the dow down 66. s&p positive do you have the ten-year note yield at 3.64. all right, mr. liesman, i begin with you which powell shows up today? the hawk or the dove last week it was the dove who apparently showed up, or at least that's how the market took it so what happens today after the jobs report on friday? >> i don't think powell was all that dovish last week. i want to push back a little bit. you're right, the market took it as dovish, and he did use the term disinflation causing the two year to decline. >> he use it had like 15 times >> let's look at what happened after the jobs report. the fed didn't say nothing what did the market do the market tightened itself, and it tightened dramatically. the market took, i don't know, mother may i, like eight giant steps towards the fed, and the fed didn't say anything. it took a few more steps after there has been

but when you see all the industrials hitting a new high, like josh brown was talking about, not a greatign. nothing slowing. i have train on tonight, not the group, which i saw once at the super bowl they were dynamite >> i remember when they played at our headquarters in fort lee. >> amen. they're fantastic. but when i talk about trane, the hvac company i mean, they can't handle the business i mean, there's another thing. you can't -- they have so much business, they can't handle it well, at this point in the cycle, actually, we want to hear -- not that we ever want to wish for layoffs, but the fed needs layoffs. the fed needs purchasing power to go down the fed needs people to be a little more concerned and therefore not willing to pay up. and they need the company to stop putting price increases i think that's happening i think walmart is keeping prices down but not enough >> for every walmart, there's a nestle for every walmart, there's, you know, think of the other -- general mills. >> we're putting through our ninth price increase because the people can do it well, one day, blue b

administrator called sherrod brown the senator. called joshmike dewine as well as bill johnson. he didn't call j.d. vance. i guess maybe he didn't have his cell phone number just to say that that's bad. pete buttigieg knows he screwed up because now he realizes he has got to go. getting questions even from george stephanopoulos and he says i do think that it's important to speak out about that. i could have spoken out sooner, and i'm making sure that we're focused on actions that are making a difference. there's nothing replacing showing up to talk to the people, to get a true sense of what it's like there, to see the fear in people's faces, or see how they're persevering when you say my show up my footprint too big it will be a distraction i don't do ph photo op.s. it's your choice. can you roll up your sleeves and walk down the middle of the street and hop on your shinawatra and get on your private plain and go home. i think he has a terrible year and a half. i can't imagine a more ineffective secretary who had a great opportunity to be the

josh shapiro will be there. earlier they toured the home of carolyn brown, told that residents need to feel safe in their own communityverybody hears one thing here, hears another thing here. you don't know who to trust, you know, that's a big part of it, you know, the uncertainty. and if you're going to have to move. >> saying the water is safe, dewine poured two glasses of water from brown's tap. >> we believe you're a guinea pig, but we don't mind proving to you that we believe the water is safe. >> okay. >> here's to you. >> thank you. >> joining me now is consumer advocate erin brockovich. and author of the brockovich newsletter. it's great to meet you virtually again. >> great to see you. >> and you. i want to play for you part of an interview that our colleagues cnbc did with the ceo of north southern, alan shaw. >> if east palestine was your home, would you come back, would you bring your children back? >> yes, yes. i've been back here multiple times. i've drank the water with the families here. i know they're hurt. they're scared. i know they're confused and they're looking for information and who to trust. i