i'm kelly evans. here is what's ahead janet yellen says interest rates may need to rise modestly. her comments coming as the nasdaq gets whacked for a third day. we'll have a whole lot more on that >>> fiepfizer seeking approval. this as the company announces a big earnings beat. we'll speak to the ceo exclusively ahead. inflation hits the cereal isle has clubhouse lost its pull. >> i wontder how many people wil be joining the twitter spaces. spaces are pretty much in the red. the dow is up by one-half percent. the s&p 500 off about 1 and one-third percent. now off 2 %. the 13,511 is an important area to watch that's the 50-day average price. it could be an area of support or battleground to see whether or not the bears can take it below there. we'll watch that level 1.59% is the 50-day average yield for the ten year treasury note you can see wer h're hovering around there right now we have seen interest rates on the downside as people flock toward the safety of government bonds. it wasn't that long ago we were talking about technology stocks. the reason i say this is these f comp

i'm tyler matheson with kelly evans.e back big up 30% from the low last week. still down 30% from the high last month what does it say about the stocks >>> mystery stock going on a buying spree to capitalize on the reopening, quadrupled over the past year. >> you will never guess it tillman wins the first ever cnbc

i'm kelly evans. here's what 's ahead 800% mentions of inflation on earnings calls this quarter. no wonder. janet yellen mentioned potential higher rates will investors buy it? we'll ask. plus, dimejamie diamond wants to come back to the office. she's tired of zoom calls. we'll talk with the ceo of job marketplace. and hayward shares soaring as surge in demand for pools surges we'll talk about the chlorine shortages hitting this summer and what to do about it. chu c dominic chu has the numbers. >> maybe not as hot as a jacuzzi but tepidly warm, you could say. trying to resurrect itself after that tech-based sell-off in yesterday's trading. this time yesterday we were talk about more red markets here. take a look at the dow industrials, up about 100 points, up about one-third of 1%, not crazy high but constructive s&p 500, 4,178 the last trade there. quarter percent for nasdaq gains. one key focus for many sflors this kind of inflationary environment, the talk of inflation has been energy. oil prices have rebounded sharply in the last year look at the energy stocks, though typical

i'm kelly evans.merger two giants joining forces in an effort to take on the streaming kings. will the attempt to combine assets give them the upper hand or leave shareholders holding the bag. the market appears to be treating we'll look at what that means for stocks going forward

i'm kelly evans. tyler matheson joins us in a moment it's a crypto crackdown.but now countries are stepping up regulation and the u.s. is starting to think about a possible competitor. an epic battle tim cook taking the stand in apple's court case as the company is called the app store cut criminal a power struggle millions in texas lost power after the big storm and now turning to homes t

i'm kelly evans. here is what's ahead today monday's mega media merger two giants joining forces in an effort to take on the streaming kings. will the attempt to combine assets give them the upper hand or leave shareholders holding the bag. the market appears to be treating we'll look at what that means for stocks going forward >>> maybe that's constructive overall. the dow industrials off about 90 points you can see the s&p down about 1/2 of 1%. 13,313 level for the nasdaq composite off nearly 1% here the under performer. that back and forth between whether the nasdaq becomes an out or under performer continues to play on on the macro side of things, we're watching continued move higher for gold prices we're now over the last few weeks, several weeks about 10% higher than we were at the lows over the course to have last cup of months. watch the gold trade 1868 the last trade there. above its 200 day average price for first time since february. we're at the highest level since part of then watch that

whatever you are invested in, i'm tyler matheson alongside co kelly evan j

i i'm kelly evans alongside jon fortt this afternoon the nasdaq by far the worst performer. it was at one point down 400, still a decline of about 346 points >> when you look at some of the groups within tech, you can see where the selling is chips are down, cloud stocks getting crushed. even the solar stocks fall sharply. now, let's kick things off with bob pisani for more of the names movie today. secretary yellen thinks it interest rates will have to rise >> jon mentioned some subsector of the technology. the semiconductors have really had a tough time of it but in particular, since we had earnings season, so most of these are down now, you see these drops today, another group more off of their highs, the darling of last year, one of the big winners last year, so cloud computing stocks here, i would say they're 20%, 25% off their highs generally. again, they also hit their highs in mid january, but they too have been weaker in the last couple weeks now to clean energy, this group is even more off the highs a big, big darling last year, any kind of clean energy, any solar,

i'm kelly evans. here's what's ahead on "the exchange" today. layoffs are down, sales jobs are hot.s report. plus the cardboard boom in international paper wants to spin off its paper business to focus solely on cardboard. we will talk to the ceo. and retail resurgence. dumping th

i'm kelly evans. tyler matheson joins us in a moment it's a crypto crackdown. china leading the charge but now countries are stepping up regulation and the u.s. is starting to think about a possible competitor. an epic battle tim cook taking the stand in apple's court case as the company is called the app store cut criminal a power struggle millions in texas lost power after the big storm and now turning to homes to survive off the grid "power lunch" starts right now >> good afternoon, everybody welcome. thank you. i'm tyler matheson we start with the markets because stocks shaken off most of the early selling the nasdaq positive for the week now. check in with bob pisani at the new york stock exchange. >> tyler, it's been a wild week. today we're right about right in the middle here. mega cap tech stocks growth is back most are up this week. apple might be down fractionally see weaker in the middle of the day. basically growth is back what do i mean look at the winners and losers this week. it is the growth sector. clean energy stocks. ark innovation fund is u

i'm tyler matheson with kelly evans. bitcoin continuing to bounce back big up 30% from the low last week. still down 30% from the high last month what does it say about the stocks >>> mystery stock going on a buying spree to capitalize on the reopening, quadrupled over the past year. >> you will never guess it tillman wins the first ever cnbc nft auction. nearly $200,000 raised for charity. we'll talk to the generous winner as "power lunch" starts right now. >>> we begin today with the crypto comeback. bitcoin is higher today near $40,000 once again still down 30% in may and down 40% from the all time high over the past four years bitcoin tended to be a leading indicator for stock just the tops proceeded short material tops in the s&p 500. like wise for bottoms. way on the right side. you can see the recent drop in bitcoin. what does it mean for the s&p 500? let's ask jc o'hara, chief market technician at mkm partners what does the chart tell you >> thank you for having me everyone seems to look for leading indicators to

whatever you are invested in, i'm tyler matheson alongside co kelly evan just the dow was down 600 at the depth the nasdaq off less than half of a percent. >> crypto is crushed after china telling the banks no the to transact in bitcoin. bitcoin falling to 30,000 this morning but already come backstaging a huge comeback to 40,000 as we stand here today. >> a month ago 64,000? crazy stuff. the minutes from the last fed meeting just released. we will have the details we have to start with the big moves of equity and bob pisani is is the a new york stock exchange. >> we are well off the lows but still some weak mness in the market apple and the crowds you see flattish here. positive for the day most of the semiconductors are pass on the day. popular tech names, cathie wood stuff, still down off the lows but down 1%, 2%. you see tesla, twitter, on did declines materials and commodities weak today. they didn't have big selloffs this year. but they topped out. this is that peak everything story that i think is going to become more important. and in terms of where we are for the markets righ

i'm tyler mathisen alongside kelly evans. while most sectors fear higher interest rates, banks usually welcome them, but their stocks are relatively cheap the second-best sector this year, we ask today, are more gains ahead? >> president biden at a forte pl -- ford plant. >> and so-called woke capitalism, now are facing backlash we'll talk about that and more, as "power lunch" starts right now. ♪ ♪ >>> let's begin with a check on the markets. even though the broader market is a little changed, we do have some action in the sector. mike santoli has more. >> a lot of push/pull below the service. the broad market idling, a bit of outperformance by tech and small caps, which of course have been the laggard group take a look at the six-month s&p 500, just to situate where we are. really just gone sideways here for a few weeks. doesn't look too different from what we saw back in february and march with a quick sell-off, stabilization, maybe wait-and-see, and then eventually did break to new highs. we'll see what's building in here

>>> welcome to "power lunch," jerve i'm kelly evans with dominic chu this hour. president biden talking about this economy we'll talk to a top administration economic adviser about the impact of the costs of the rescue plan. >>> earnings season with the ceos of two very different companies. genetic testing, mobile gaming we have two big kind of parts of the spectrum there. >>> crypto growing in acceptance every day. now the big banks ready to let buyers buy, sell and hold bitcoin in the accounts. we'll have more. "power lunch" starts right now >>> ian we are going to kick things off with the markets seeing a rebound from yesterday's tech driven losses the nasdaq still only with a small gain today so has the tech and mega cap especially those stocks fallen enough to make those valuations relatively attractive once again? you can see there the nasdaq lagging up one quarter of 1% bob pisani has more on that story. bob? >> hello, dom. it's a mixed day reopening sectors, industrials, banks, toerls doing better but the key story is tech stabilize. tech up throughout pa

i'm tyler mathisen alongside kelly evans.est rates, banks usually welcome them, but their stocks are relatively cheap the second-best sector this year, we ask today, are more gains ahead? >> president biden at a fort

i'm tyler matheson dangerously close to kelly evans but we're okay americans now have more of their financial assets in stocks than ever before. >> wow warren buffett is blasting spacs calling them a killer. after the initial frenzy the returns have been anything but spectacular. >> the reopening stocks versus the stay-at-homes. should you bet or uber or lyft we'll talk to an analyst throwing in the wipes on one stay-at-home darling "power lunch" starts right now >>> and we start with the markets on that reopening theme. that's where the action is today. let's go to bob pisani for more. hi. >> hello we are up but off the highs. buying yields moved down and bank stocks as well. but we are still doing really well and the reopening stocks matter so seeing steel stocks like nucor at new highs. restaurant companies and food delivery like domino's pizza, the companies package delivery companies like u.p.s. doing well and carmax new highs one group that's not reported yet, 60% earnings season, are retailers on an additional month and are to get the april ending quarters and many are hitting new high

i'm tyler math son with kelly evan just stocks continue to bounce back. the nasdaq up more than 3% from yesterday's lows but is there room to go much higher >> bitcoin is up nearly 40% from the lows yesterday it is still well below the all-time high. should you buy the dip as treasury calls for stricter compliance >>> chris weber will join us he was part of the fab five. turning the war on drugs taking people training them for jobs in the cannabis industry. interesting concept. "power lunch" starts right now >>> we begin right now with breaking news out of the federal reserve. hi, steve. >> hey, tyler. the federal reserve announcing another step at looking at the possibility of issuing essential bank digital currency this summer on the been fits and risks of a central bank digital reserve asking for comment and on the risks and chair powell saying that the fed made available along with the statement that this represents the beginning of a thoughtful process coming to thinking about essential bank digital currency and doesn't say there's a conclusion to is

i'm kelly evans. here's what's ahead on "the exchange" today. layoffs are down, sales jobs are hot. zoom is so 2020. and people want to get paid. we have all the laidest trends in the labor market ahead of tom's jobs report. plus the cardboard boom in international paper wants to spin off its paper business to focus solely on cardboard. we will talk to the ceo. and retail resurgence. dumping the -- and exemillennia are rushin instraighten their th >> 2020 is over. are why that trade is playing out in the the markets today first starting with the overall picture. the dow industrials high, s&p 500 up 1.33. and nasdaq plastic bagging, just approximate about flat on the day. the gold star goes up on the dow. the work from home trade zoom is 2020 zoom video, a darling of the pandemic era work from home regime is now down 2% in today's trade. docu-sign, another one of those work there homes is down 2%. 3% for chewy, the online retailer of pet foods. not just dog food. wayfair bucking the trend up 3% on the heels of its earnings report online furniture apparently still looking for for trad

i'm tyler matheson dangerously close to kelly evans but we're okay americans now have more of their financialffett is blasting spacs calling them a killer. after the initial frenzy the returns have been anything but spectacular. >> the reopening stocks versus the stay-at-homes. should you bet or uber or lyft we'll talk to an analyst throwing in the wipes on one stay-at-home darling

i'm tyler math son with kelly evan just stocks continue to bounce back. than 3% from yesterday's lows but is there room to go much higher >> bitcoin is up nearly 40% from the lows yesterday it is still well below the all-time high. should you buy the dip as treasury calls for stricte

i'm kelly evans. here is what's ahead of us for this hour.unding today too. we look at companies that mine b b bitcoin and an analyst says one of his picks could rally more than 80% hundreds of smaller banks are offering clients access to crypto big banks are softer on crypto maybe they are falling behind. when will they catch up? >>> the inflation debate gets political. we have the very

i'm kelly evans. here is what's ahead janet yellen says interest rates may need to rise modestly.sdaq gets whacked for a third day. we'll have a whole lot more on that >>> fiepfizer seeking approval. this as the company announces a big earnings beat. we'll speak to the ceo exclusively ahead. inflation hits the

i'm kelly evans. here's what 's ahead 800% mentions of inflation on earnings calls this quarter. mentioned potential higher rates will investors buy it? we'll ask. plus, dimejamie diamond wants to come back to the office. she's tired of zoom calls. we'll talk with the ceo of job marketplace. an

i'm kelly evans and here is your update at this hour north carolina prosecutor says sheriff's deputies were justified in fatally shooting andrew brown they say he refused commands from officers and used his car as, quote, a deadly weapon they say they will not release body camera video from the fatal encounter. >>> two are dead after a strike in gaza. in jerusalem, police used water canon and stun grenades to disburse palestinian protesters calling for an end to ongoing violence in gaza across israel many have joined in an uncommon show on unity tonight on the news with shepard smith he will speak with someone from the bush administration about what it might take to stop this back to you. >> thank you >>> stephanie link, that stock i was talking about is down 25% in one month. the ticker symbol stars with a "t". what is it >> that's twitter. try to pick some of the high flyers that i think are giving us an opportunity. so the stock is down 32% from the march high it is totally out of favor there's only 11 buys out there, 29 holds or sells on this stock. now, look, i know why it is down

evan longoria goes deep with his seventh of the year, 2-1. up joe kelly in the sixth, one on for donovan solano, trailing 3-1 at this point, long shot to left field leaving the place and it's 3-3. came off victor gonzalez there and that 3-3 tie didn't last long. dodgers get their next at-bat the bottom of the inning. alex wood good, not good enough. max muncy, former oakland a rides it over and out on an 0-2 pitch no less. solo homer, 4-3. giants had only three hits all night. >>> and we go to oakland where traffic problems kept that mr. show time from getting to start on the mound. he had plenty of people disappointed out there supporting him. they didn't get to see him pitch, but they did get to see him and hit. don't feel nobody did tonight. two-hit complete game shutout for chris bassitt, first in his career and a's give him all the runs he needs here in one inning and bad play. the angels, worst defensive team in baseball, show you why, shortstop david fletcher, bad throw. allows matt olson to score and that sixth inning just continued. sean murphy,