i will wray in slatestone wealth, chief market strategist, kenny polcari. market reaction, initial reaction for all three of these was based on eyeballs and engagement, not revenue, not earnings. does that worry you or is that something we should embrace? >> doesn't worry me at all when you talk about the stocks, roblox is a gaming stock. robinhood we can talk about all we want appeals to specific sector of is community. disney plus, disney parks, i don't think daily average users, monthly average users subs is a bad thing to look at. i don't know any stocks. not in the stays tis i own. i wouldn't own them. that measure doesn't do anything to me but would think that is reminiscent like it was during the dot-com bubble of '99, 2000. i think the artificial intelligence more like the dot-com bubble. anytime anyone mentions a.i. the stock goes crazy, the same way as you and i know anytime they mentioned.com in their name. i view daily active, monthly average users america sure for stocks. investors will react based on up and down. charles: funny to your point i

[laughter] thank you so much, kenny polcari. okay, everybody, think you're only one getting turned down for a loan? look at this, this is a brand new bank survey, a lending survey by the federal reserve bank of dallas saying that 48% of bankers say they have tightened credit standards for and terms over the past six weeks. has that is the highest share since survey began six years ago. if banks are lending less just as the economy starts to see the effects of the federal reserves 14 -- reserve's 14 months of rate hikes, what are we in for? we're joined by author of the best selling book "stocks for the long run," jeremy siegel. professor, first to the news. the dallas fed collected this data from 67 financial institutions who responded to the survey, and the timing's important, from may 2nd-may 10th. so nearly two months after regional bank crisis began. what should this tell us beyond, you know, it's harder to get a loan right now? >> this tells us that the fed better be very careful. this confirms what's called the sluice surv

joining me slatestone wealth chief market strategist, kenny polcari.e ajita with the inflation, what is going on? the fed is a long way from its target, no doubt about that. but the question is the economic tide turned enough for them to have some patience? i'm looking at a lot of data that is starting to break down. do they have to be more aggressive to lay on more rate hikes? >> i think one more hike is coming, coming in june, then i think they will pause. they do need one more, because they have to get the terminal rate, equal to or better than the inflation rate. depending what number you look at, looking year other year food energy, 5%. some people look at year-over-year cpi above 5%. i say we're getting to it and above it. then i think we pause. beyond that i think it is okay unless we get cpi that rears its ugly head up again for whatever reason. charles: right. what about the bank scare? feels like you know what? we're not talking about it as much. some bank stocks have rebounded. is it over and if it is over would you buy any of these banks? >

let's get reaction from slatestone wealth kenny polcari. good to see you. blame anybody for lack of confidence when you hear all the times he has been wrong with so many different issues. >> no, it is very true. i wonder what the age group is in the survey they have taken, right? you might have a biased to people that didn't live through it the last time that you and i did in 79, 80, when we saw inflation roll over and rear its ugly head again. the conversation then again was very much the conversation we're hearing today. so yes it is frustrating. am i frustrated with him? yes, i am but i'm also of the mind set i think inflation will remain stubborn partly because of how long they stimulated, overstimulated and partly because of what the administration done. it is hard to be right every time you make a comment but i clearly understand why people are frustrated with him. david: as far as inflation goes, one thing, very woke central bankers that believe in the modern monetary theory you can print money to your heart's content there are no consequences, they

kenny polcari, i hope you and i are right. we'll see how it works. >> i hope so. rt: don't we all. our lives depend on this. kenny thanks very much indeed. let's get to politics that's my bread and butter. a potential hiccup in the 2024 race already. what's this about biden possibly not appearing on the new hampshire primary ballot? >> well some would say it's biden's own making because he was the one who pushed for south carolina to replace new hampshire as the first in the nation primary, but that actually contradicts with state laws that requires new hampshire 's contest to be held a week before any others, and state republicans are refusing to change that state law, so if they don't, a primary my be held without biden on the ballot. now they are trying to look for solutions here, a work- around including giving the state time to resolve the issue or the dnc will just put together their own party-run primary to get around that new hampshire law. stuart: new hampshire folks are really mad as hell that the democrats are going for their first primary in the carolin

kenny polcari with me this morning. kenny let's settle this.re is no connection at all between the border and the modest stock market rally, correct? >> no, zero. stuart: okay. all this talk about ai has surely given a boost to cybersecurity stocks. are they the place to go to get in on ai? >> well, listen. i think you have to go to both places, right? you should go to what's out there is a pure ai play as well as cybersecurity because ai is very much in its infancy but yes, cybersecurity is a place you'll find it but look you'll find ai across a range of industries and banks are going to be using ai. certainly research firms are going to be using ai. you're going to find it everywhere but if you want to find a place to your point, cybersecurity for sure, and and i have discussed it that stock i own which is out there which is c 3-pointai be another place to find exposure. stuart: i get the feeling, i don't know where it comes from, but this market just wants to go up. am i fooling myself because there's been a big rally in big tech and those b

let's get right ott floor show, kenny polcari and scott redler who, by the way, two weekes ago on "the claman countdown" said he was long c3ai shares which, heck, scott, they're going absolutely nuts at this hour. i believe they hit a 5 2- week high earlier, and month to date they've spiked about 117%. and you also got call options, right, on nvidia? tell me where you stand right now on both of these names. >> all right. going into earning, obviously, there was a lot of hype in nvidia, and as an active trader, i talk about never taking stock into earnings. so i did come out day of earnings and said i'm buying an nvidia call spread. it's going to cost me $1.50 to make 8.50. all i needed it to go was about 332, and it obviously took off. it was, like, a 5-6 timer. to anybody who listened, it was very tradeable thereafter, and like some people have said, this story's going to continue, okay? but you have to be the careful, not have too much as a trader at the wrong time. today it hit 419, but overall nvidia's been the place to be, and it's been a leading indicator for risk. since march we

kenny polcari has the story.seattle were unable to get their mail deliveries, they were halted because rampant crime in the city. jason rantz tells us about that in a moment. ♪ ♪ the chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas... ...a brilliant reality! the ink business premier card from chase for business. make more of what's yours. mara, are you sure you don't want -to go bowling with us tonight? -yeah. no. there's my little marzipan! [ laughs ] oh, my daughter gives the best hugs! we're just passing through on our way to the jazz jamboree. [ imitates trumpet playing ] and we wanted to thank america's number-one mo

i will bring in kenny polcari, chief market strategist at slatestone. nny, to a degree we all kind of get caught up in this stuff. amazing to me, i know some very brilliant people are getting crushed today, they couldn't accept this stock went against what they thought it had even before this big move today. listen, you're in the stock. what do you make of the idea at some point you cut bait? >> listen at some point you cut bait and i said to i think in an earlier conversation if it's a name that you like and you own it for a reason and those reasons haven't changed, then act like a asset manager, establish a core position. anything above and beyond the core position what you can play with, right? but you maintain a core position. if the story changes and the fundamentals change then you blow it out but nothing here had changed the fundamentals on nvidia. so why anybody, unless they owned it at such low prices they said you know what? trading $310 i'm out, great. don't cry when it is up another 30% the next day because you missed it. charles: right. >> i

let's get trader kenny polcari this here. kenny, an hour ago gates declared the winner of the a.i. race will replace search engines, productivity tools. we kind of knew about the productivity tools, but search engines? we also knew that people might go to chatgp instead of google.com to do their searches. but he's also saying amazon-style e-commerce is going to be the completely disrupted. as we look at a bunch of a.i -- i'm not talking about just apple and microsoft, but c3ai is charging higher, sound hound, they're rocketing higher. is this sort of that that motor vehicle where you say you've got to be in at least some form of a.i.? >> i think you should have said that, you know, a couple of months ago, that you had to be in it at some point, right? st the only got more heated up as we go from from week the weeking honestly. what started out in december when they introduced chatgpt and it got all this excitement and we talked about being in the infancy in that space, and we're clearly still in the infancy, so you have to have some exposure to it. c3ai is a name that you ask and i

let's bring in kenny polcari, market watcher for the morning. i want your reaction to nvidia's surge. now, where's it going from from here? i'm seeing a lot of analysts on this show saying this hinge's going to $600 a share. what's your point of view, kenny? >> yeah. after they all missed what we herald the other night, right? every analyst missed it,en they ran to raise their estimates. do i think it's going higher? yes. but i also think over the short term we had this massive gap in the stock yesterday from 20 the 8 to 380, basically leaving an $80 gap in the stock that at some point will come back and fill in which is when i would look to the buy, on any pullback. but this is right at the heart of a.i. is it going higher? absolutely. do you need to be in it? absolutely. but i do think part of yesterday 's move was the shorts who had their arses handed to them yesterday, hen you had portfolio managers if missing it as well, being forced to to buy to the rebalance their portfolio. and then peopled had the fomo like, oh, my god, i missed this. a

kenny polcari on the other issue you maybe should be looking at along with the stock market selloff. here as you see it, kenny? >> well, listen, i'm not surprised, neil, we're see a decline in mortgage apps as rates tick higher it becomes more closely to own the home. what is interesting, we saw it between the two data points existing home sales last week fell by 3.4% but yesterday we saw a real surge in new home sales by about 4.1%, which was 7% reversal from what they had expected, right? they expected it to be down. you could explain that away by saying homebuilders like toll brothers and lennar, they not only build a home but in the lending business. they can buy down rates to make it more attractive for homeowners buying a new home, to get a lower rate, to drag them in. why you saw that diverge new home sales and existing home sales. neil: what is interesting, kenny. one month treasury bill, yield 5.72%. three weeks ago it was sitting 3 1/2%. obviously that could be reflecting the debt skiddishness, people not wanting to park anything in this case would be madurod in a month. ar

liz: kenny polcari and i were talking this morning on the phone, and we were talking about this and hee kiosk. no human interaction. used the kiosk in the store. he was getting a fail fillet o fish and just did it and called his number and said would you like to tip? listen i feel for fast food workers but let me choose, right let me put the money in the cup, et cetera. i don't know. i think it is guilt and i'm very vulnerable to guilt. reporter: it definitely is guilt social pressure around being able to see whether or not someone tips absolutely. liz: madison i like the egg bites too but they are expensive i don't want to add anything more to that. thank you very much. we just saw president biden along with house speaker kevin mccarthy in the oval office, as the top brass of congress braced to cut a debt ceiling deal, so what we're going to do, because we're not in the room, is we're going to bring the room to you. we're going to get perspective from both sides of the aisle on the debt ceiling debate. democratic congressman josh hart er and gop congressman dan muser both members of t