friday including the latest on the growing fight in florida between lawmakers and disney kristina partsinevelos is here with that and more kristina, good morning >> good morning. a bill on the disney world special tax district is heading to the governor for his signature. lawmakers say this gives disney the power to control utilities on lands where the theme park is located. this is seen as the opposition to the bill that bars florida schools from discussing sexual orientation. this bill could go into effect as soon as next year >>> french prosecutors issued an arrest warrant for carlos ghosn. it is over $60 million of questionable payments. a spokesperson for ghosn said he was surprised by reports of the order. >>> and elon musk in talks with private equity firm about partnering up for his bid to take twitter private this is according to "the new york post. thoma bravo is mixed on the idea over his politics. brian, this report comes after musk received commitments for $46.5 billion to help finance this potential deal. >> what do the kids say? it's getting real. things are moving along. it coul

nvidia, biggest loser in the industry 13% decline just this week kristina partsinevelos joining us nowng at the year to date here 18.5% lower for semis. 20% lower for semi-conductor equipment. i know they're very cyclical groups tied to the economy, but you also have shortages out there, and shanghai under lockdown how does it all add up >> you have this situation especially with the equipment manufacturers right now, asm, lam research, kla, applied materials that are 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, a

kristina partsinevelos joins us.mpanies recently so is that not resonating? >> no, it's not, because a lot of investors right now are worried about the immediate pain points and whether this growth trajectory can sustain itself. for example, you have got covid lockdowns happening in china, weighing on a lot of supply chain. you have of course the cyclical environment that's hitting all of tech, so rising interest rates and semi-conductors fall into that category then you also have of course a trend, weakness in handsets, weakness in pcs. amd has great exposure to pcs. those are three main points investors are weighing ford announcing today the chip shortage is still hurting them and yet you have a lot of companies, adi, for example, they had an investor day today and they're extremely bullish. they actually raised their long term revenue forecast from mid-single digit to 7% to 10% range. you have this divide going on between the investors and the bearishness tone and then the management that is relatively bullish, an

kristina partsinevelos has the details for us k-part >> inconsistent and the trillions keep flowing intoeven with the russian invasion of ukraine the inflows held up with net globalinflows on pace to surpass february levels showing there's a relicense on rating providers but, but new research question it is reliability. providers sift through the variables like dealing with corruption they crunch those numbers and come up with a single esg rating score and you can see how skoefrs vary this is for phillip morris 62 and 84 and shouldn't fluctuate from week to week unless there is a documented reason and yet, mit sloan researchers found over a six-week period 85% of firms changed without any public announcements the change in score is a big deal because when they score people get interested and invest money influencing performance and may not be warranted speaking of performance, let's take a look at the esg etfs all down at least 5% and this mit study highlight it is incentive the reason to say look at the great returns and useful for investinging but may not really be the case right, guys

thaks, kristina partsinevelos. analyst calls of the day dr.as well when we come back >>> all right. let's talk about some calls of the day. crowdstrike. they say the threat environment continues to drive strong depand the stock's up 4%. josh, you are an owner of crowdstrike. from 241 that's a sizeable upside >> yeah. i don't -- i don't even think that we're even in the second inning yet of how important cybersecurity and how large the addressable market will become within our lifetimes we spent all of this time talking about a.i., virtual, machine learning, et cetera, et cetera you can't do anything if it's not secure like, literally nothing. last year the colonial pipeline was ransomwared from us. we literally had to pay crypt onto get back a third of this country's energy network, and everyone forgot about it because kim started dating pete davidson, but this is going to happen with increasing regularity and intensity and we better get real smart. crowdstrike is a $50 billion player in the space. i spent a half an hour last night talking wit

and kristina partsinevelos on a rough day for chinese internet stocks just want to point out, the downd then some. we're looking at some pretty broad weakness the only sectors in the s&p 500 that remain positive, energy, oil prices are jumping and financials, on that reaction to bank of america and some strength in the regionals. utilities, industrials, health care moving south. staples as well. the defensive names and even technology dipped into the red take a look at housing stocks. under pressure again today as new data shows home builder sentiment dropped to a seven-month low as the higher mortgage rates keep going up goldman sachs is out with a note saying while a significant increase in mortgage rates has weighed on housing, the extreme supply-demand imbalance in today's market will likely dampen the hit on housing activity joining us, jan hatzius. so jan, what do you expect as far as the housing market outlook over the next year >> we are expecting basically a sideways move in residential investment because as you said, as you summarized, the supply-demand imbalance is so extre

. >> let's bring in kristina partsinevelos.s doing enough to boost the domestic chip supply? >> it usually takes one to three years for these foundries to be created here in the united states, you have intel, taiwan semi-conductors that are doing so, but it's going to take time, and the united states is already behind the curve to echo the point, yes, there needs to be a little more done if we're talking about taiwan semi-conductors another issue too is the equipment needed to build these foundries. the lead time could be well beyond a year. well beyond 12 months. they even said in their report today that they have issues with tool delivery, so there's tool delivery problems that they have been seeing since the beginning of this year not just now so this is going to boon an ongoing problem, and they also warned too that inventory levels remain elevated. why? because people are stocking up just in case this chip shortage continues. and this is not just about the actual chips and the wafers and everything that goes into it, also

joining us is jeff kilberg, a cs in contributor first, kristina partsinevelos is here on chips, frankowland on the cloud. kristina, let's begin with us. >> the smh etf hitting levels we haven't seen for months. investors are telling us they're worried. also a taiwan semiconductor, and then matt murphy, it means destruction in the electronics industry, and on top of it all supply chain strains kin coolant is used to regulate temperatures, and then last but not lease, and then grant show yous how closely rae d then you have micron guiding above, while other investor days and recent ceo interviews have been focusing on a data powers growth, instead of focusingon near-term pains. either scenario, it will be tough for stocks >> jeff, you just heard what kristina had to say. how do you trade the chips right now? >>> does it changes what you might have said? roughly over 6 on%, even last year, they're up over 40%. i think there's a deep discounts. i know i'm always oppose to do catching a falling knife, but if you look at xoxx, the broad swath, yes, it's down 30%, but i like micron. micron i

let's bring in kristina partsinevelos. >> for some people, they have never seen food prices this highhave, of course, russia's invasion of ukraine that is largely to blame, but there are numerous black swan events or unpredictable events plaguing your dinner plate. starting with hog disease. a hog disease outbreak shrinking herds in mexico, forcing mexico to turn to u.s. pork supplies, and that drove prices higher, january and february exports from the united states to mexico actually climbed 33% year over year and then of course you have a surge in grain and fertilizer prices related to the invasion of ukraine that have hit meat producers like tyson food and jbs. tyson up 2% today. both bmo and bark barclays are downgrading tyson, and bird flu sweeping the united states, forcing american farmers to kill millions of hens, slashing the supply of eggs and that drove up weekly prices up 44% compared to last year. that has helped egg producers not only produce positive cash flow but also offset prior losses the united states department of agriculture said this year's citrus crop was expec

. >>> now to kristina partsinevelos for a news update. >> thank you no humanitarian cease-fires are expectedin ukraine but maybe in a couple weeks ago the united nations head of humanitarian aid mayor of mariupol said 40% of the residents have been moved to russia russia denies it's targeting ukrainian civilians. >> they say there's a new russian offensive sayinging attacks are increasing. >>> in florida a judge voided the cdc mask mandate a trump apoen tee said officials exceeded the authority the ruling does not immediately end mask requirements on airplanes or buses it is set to expire may 3rd. >> thank you. >>> bitcoin struggling back below 40,000 a pop despite recent weakness miami working to become the crypto capital. >>> restaurant edition of three-stock lump from fast casual to fast food in the rising minimum wage environment. >>> we got about 90 minutes left in the trading day we want to get you caught up on the markets. let's begin with bob pisani at new york stock exchange where stocks are a little bit higher welcome back, bob. >> good to see you again yes. it is a choppy day we h

become an agent of innovation with invesco qqq >>> this is your cnbc news update i'm kristina partsinevelosia prepares for an expected offensive eastern ukraine, residents are leaving fridays's attack on a train station has made many afraid to travel by rail u.s. officials say russia is resupplying troops in donbas, but doesn't think a new offensive has started yet. >>> a united nations official said he's hearing more allegations of rape and sexual violence by russian troops that need to be independently investigated and the u.s. ambassador said what's happening to women and children is in her own words, horrific beyond comprehension. >> when men like president putin start wars, women and children get displaced. women and children get hurt. women and children get raped and abused and women and children die. >> a session ahead of a meeting with president biden, said deaths were worrying he said he has talked with both sides suggesting putin and zelenskyy told direct talks. after the cameras left, biden was expected to push modi from the neutral stance on the war. >>> the investment committee

gradual return to office, they're forecasted to slow this year frank holland has more while kristina partsinevelose in chip stocks >> shares of hp jumped 10% since warren buffett took a huge stake in the company berkshire hathaway becoming a largest shareholder in hpq that has upgraded its guidance. 75% of revenue and a deal to acquire a headset maker. however, new data from gardner shows a 7% decline in q1 the u.s. saw a 17% decline hpq actually losing market share. dell and apple both gaining share. lenovo remains the global market leader, but shares still in the red along with dell. >> select chipmakers could be hit while others can weather the storm. >> i want to start with three main reasons for the slowdown and shortage in components you've got supply chain issues and slowdown in pc demand. so firms like intel have exposure to the pc market because they're the world's lar largest producer of personal computers. amd was downgraded to neutral. the stock is down almost 5% and we're only tuesday there are some bright spots. qualcomm, marvell have little exposure up today, but down sharply on the

mike santoli, and kristina partsinevelos at the nasdaq. mike, though, kick it off with the turnaround that we have seen here, which now includes the nasdaq 100, up about .6% anything cause it? >> i didn't see a trigger except for the fact that the s&p 500 spent a lot of time today and yesterday at the exact same levels we did not break new lows. we're stim talking about a 3%, 3.5% pullback from the highs the other piece of it that's a little hazier and bigger picture is we have been inundated with so much hawkish fed speak. we got more today. yesterday, the minutes there was no further ability of that talk in the short term to cost equities any further downside to me, it's much more about we have sort of arrived at a place where we think we know what the fed outlook is, gearing up for earnings, and you know, the market bent in the short term but didn't break >> are you saying it's all priced in? >> it's priced in for the moment based on where we see, i absolutely never know if there's a moment in time where it's fully priced in, but i feel

major events going on putting pressure on global food supplies and sending prices higher kristina partsineveloshis morning to tell us about the latest on how bad it really is how bad is it? >> reporter: it's bad. many have never seen food prices this high in their lifetime. in february, the u.n. food pricing index soared 13% that is the highest level since 1990 of 1990 we know russia's invasion is to blame. the black swan or unpredictable events plaguing your dinner plate. there was hog disease that is shrinking herds in mexico. they are turning to u.s. pork supplies that is driving prices higher. exports to mexico climbed 33% year over year you have lean hog futures climbed over 20% just this year alone. all while farmers are shrinking herds. animals are getting expensive to feed that is because you have a surge in grain and fertilizer prices related to the invasion of ukraine by russia. you have chicken and dowgrading tyson. you have bird flu. that is sweeping the nation. forcing american farmers to kill hens and slashing the supply of eggs driving prices up 44% compared to last year keep in