all anyone is doing is projecting, which is a lot better than i can do tonight that's why kla, lam, anded were trading at all time highs in january however, down anywhere from 26 to 35% for their peaks, as part of the broader selloff in all things semi-related. some powerful analysts have been cutting into price targets arguing that wall street will pay less for the earnings now that we're headed for a fed-mandated recession, if indeed we are. okay, i get it however, yi don't see the semiconductor capital equipment plays taking much more of a hit from the slowing economy because the chip shortage in this country and the world is just too severe the bottom line, growth at a reasonable price abounds in this beaten down market, and that includes the more controversial semiconductor space, just be ware that these chip stocks might remain at a reasonable price for the foreseeable future because wall street has just got no love until today for this entire darn group. let's go to jim in florida, jim. >> caller: hey, jim cramer, jim clark here in tampa, florida, how are you doing? >> i love tam

in one of the few letters to her fa, veg, kla."e brutality of isis, the two-week trial also laid bare the courage of otheages, asking for moremes food and blankets, knowing he could be punished. diane foley was one of many parents in the courtroom. >> i think there's a relief, you know. this has been quite an ordeal, truly exhausting. >> reporter: earlier in the trial, kayla mueller's boyfriend was admonished by the judge for yelling in anger at the defendant. elsheikh is now facing life in prison. the death penalty, major, was taken off the table as part of the complex deal to get the case heard here in the u.s. >> garrett: catherine herridge, thank you. another deadly police shooting of an unarmed black man has led to protests and calls for accountability. 26-year-old patrick lyoya was killed after a traffic stop escalated in grand rapids, michigan, and cbs' adriana diaz is there. >> say his name! >> reporter: in grand rapids, there is frustration and anger over how a routine tra stop... >> do you have a license? >> for what. >>

. >> hair mary ellen klas.you. >>> house republican leader kevin mccarthy denied he was going to ask then president trump to resign. but now there is a recording that has surfaced. the latest on the fallout from the january 6 insurrection up next . pain hits fast. so get relief fast. only tylenol rapid release gels have laser drilled holes. they release medicine fast for fast pain relief. and now get relief without a pill with tylenol dissolve packs. relief without the water. >>> congresswoman marjly taylor green fighting to stay on the ballo. the georgia republican teaching during a hearing on whether she should be barred from running for office over her alleged role in the january 6ing insurrection. cnn's marshall cohen in court when she took the stand and breaks down for us what happened. >> pamela, good evening. this is all about accountability for january 6th. the group's trying to disqualify congresswoman marjorie taylor greene saying she can't run for re-election in georgia because of a constitutional ba

moderna, lam research, marvell technology, kla corp, data dog a combination of a lot of different techhard. we're giving back all of yesterday's gains and then some. we are near session slows as we speak. here are my top takeaways on some stories

chip toolmakers a rising along with asml, applied materials up 1%, lam research up just under 1%, klave we talked about twitter barely? taking up much of elon musk's time over the last few days but it's tesla squarely in his and investor's sights at this hour. we are just under a half an hour away from tesla's quarterly earnings reveal, should investors bow out now, while musk tackles his social media obsession, or is now the very time to power their portfolios with the ev leader's share our tesla power panel games it next. closing bell 27 minutes away now the dow is up 308, s&p up 2, nasdaq down 148. i'll tell you what tesla is doing and twitter, when we come back. it■s hard eating healthy. unless you happen to be a dog. meet jessica moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really? today she's a teammate at truist, the bank that starts with care when you st

> you have this situation especially with the equipment manufacturers right now, asm, lam research, klare warning their customers they may face delays of a year and a half, up to 18 months even. so when companies that are talking about building plants like intel, they can't get the equipment, of course, that's going to create a trickle effect for years to come. all of those equipment makers i just mentioned are down on the week you talked about nvidia. often this is a play about concern about profitability going forward and not necessarily the next exciting story. so nvidia, micron, all these companies had investor days and talked about the shift into ai, artificial intelligence, the talk about the omniverse, the metaverse, and yet those are exciting stories in the long term the near term, the focus is around profitability, which is why you're seeing smalt of a sector rotation out of semi-conductors as the valuations for many of those companies are still very high. >> but still strong demand, right? i saw taiwan semi-conductor posted highest ever sales overnight. 36% revenue growth and

moderna, lam research, marvell technology, kla corp, data dog a combination of a lot of different tech sectors chips and software getting hit particularly hard. we're giving back all of yesterday's gains and then some. we are near session slows as we speak. here are my top takeaways on some stories u.s. coal prices topping $100 a ton for the first time in 13 years. look at peabody energy stocks springing back to life russia supplies 18% of the world's coal exports it's a big problem for electricity costs and a step closer to europe banning russian oil and gas. >> a big jump in treasury yields one of the catalysts, lael brainard, who is usually dovish, talking hawkishly about shrinking the balance sheet as soon as the may meeting and shrinking it rapidly it shows there are no doves left at the fed the fed is going to move aggressively not just on interest rates but on the balance sheet too and the market may be underpricing the risk >> and carnival and the cruise stocks rising despite weakness in over consumer names why? last night, carnival said it had the highest booking week in histo

about macro uncertainties today as to why they have lowered price targets on applied materials and klay leaps and bound, but nonetheless, they're taking targets down, you own nvidia, push, pull on the stock down 40%. what am i supposed to do with the stock today? >> first of all, speaking about nvidia and adding to what rob said, a.i., automotive and march 22nd they had an investor day and wong laid out a tremendous long term growth strategy and guess what the market didn't care why? because the semis are used as taking the temperature of what the macro environment is and that's unfortunately the reality of where we are in the environment right now so what you are trying to do with that is you are trying to allocate a lot of the semi names that have the growth at a reasonable price. i own amd, i own nvidia and i allow for this process of time where we've got these macro headwinds that are going dominate the semi industry more than any other industry within the equity market, unfortunately. >> you know, i just want to touch on the overall market again. i'm just looking as we're having t

it's no surprise we are seeing a major influx of investment around semiconductor technologies like kla operating at second headquarters in ann arbor, and without a doubt in my mind funding for the chips act will be critical for growing the sport. my question for you is, mr. mehrotra, can you discuss how micron's memory and storage technology will play a role in electric and autonomous cars in the future as well as all the other products we make and are manufacturing state? >> senator peters, thank you for your question and giving me the opportunity to highlight here that in semiconductor memory and storage micron has globally number one market share. so we have been strong partners to supplying to the automotive industry globally and strong partners to the u.s. auto manufacturers, and during the pandemic with various supply suy chain semiconductor supply chain shortages we worked closely with automakers and make sure that our memory and storage solution did not cause any line down situation and we continued a strong provider of our solutions to them and will continue to maintain our nu