i'm expecting here is a pause, but with a strong advice that we may not be done raising rates. >> ken rogofftivism in 2023 according to lazar, the first quarter of the year saw 69 new activism campaigns globally, the second highest quarter of activity since 2019. what they call global swarming, by multiple activists, often with competing agendas, pursue the same target. today, two major companies will hold shareholder meetings and both targeted by activists but check out this, shares of advanced auto parts after the company reported a big miss for profits. revenue was basically in line, but store sales fell the street was looking for a gain of 4 to 5%. also cutting its guidance for the full year. we'll have more in just a bit. "squawk box" will be right back. ♪ i'm here with these low handicap golfers to put new maxfli tour balls to the test. how does it feel compared to the ball you've been hitting? it's definitely softer. good ball flight it doesn't wanna... flight was amazing. it just goes. sat down like an old dog in front of the fire. errrt. stopped on a dime. you need to be on tour, an