kristina partsinevelos is back with those >> a lot of doubt in my stories today.rning, brian. let's start with spirit airlines delaying the vote scheduled today on the $2.4 billion sale to frontier to continue talks with frontier and jetblue. this is the third time the talks have been postponed. they sweetened the bids in the past few months to seek to create the fifth largest u.s. airline. reports say this delay is to give time for spirit and jetblue to finalize the deal spirit will have a shareholder meeting on july 15th. >>> fresh doubts over the $44 billion bid to buy twitter for elon musk. talks have cooled after they cannot verify twitter figures on the spam accounts. in a call yesterday, twitter removed 1 million spam accounts daily. shares are down 25% since musk struck the deal to take it private in april separately, twitter is laying off 30% of the recruiting team or less than 100 people as they seek to cut costs. in may, the ceo said they would suspend hiring. >>> and berkshire hathaway bought 12 million shares of obje occidental they are now the larges

kristina partsinevelos, thank you. >>> let's update you on the biggest economic and market story in theorld that is europe's growing energy crisis a lot going on here is an executive summary of everything happening germany whole sale electricity prices have hit more than $330 per mega watt hour. for prices in new england, boston, et cetera, are $74 an power in may germany is facing 350% higher costs than places like boston which has the highest costs already in america it is not just germany right now. the uk reportedly racing to reopen the gas storagage faciliy france, suffering through outages at nuclear facilities. the french government is talking about nationalizing the big utility in france. italy just passed a $3.5 billion aid package to help families cope with higher energy costs. in the netherlands, dutch farmers are blocking roads after the government announced plans to cut farm emissions or effectively force families to close their farms. remember that holland is the biggest food exporter. there's a lot of serious stuff happening in europe with energy right now. we highlight s

kristina partsinevelos joins us.e these results and it looks like the whole sector is rallying any red flags to be aware of >> tsmc is a incredible company. the company management did acknowledge that customer inventory levels are elevated. what does that mean for future orders the second point, we've talked about a lot, the slowdown in pc sales and handsets and consumer electronics as a whole the third point is that supply chain issues are still persisting within equipment so much so that the company itself is lowering its capex. that could mean that there will be delivery delays going forward because they just can't get the tools that they need nonetheless, sentiment is pretty strong you're seeing qualcomm and analog both possibly hitting their second week in a row of positive territory and amd getting a price target uplift of 15% higher from bank of montreal so sentiment is strong with tsmc but there are some spots to focus on and keep in mind for the future for semis. >> got it. thank you, kristina partsinevelos.

kristina partsinevelos has the story for us and managing director at oppenheimer is here with our tradeswelcome to you both. kristina, what are we watching for with ibm >> unlike pure hardware plays, ibm has the ability to rely on software revenue as a recurring stream roughly 70% of the ibm revenues comes from higher value software and was ises in today's report we'll be looking for that reoccurring revenue mix. ibm was the third most used i.t. venture after accenture and deloitte is the business doing as well given the macro headwinds, the slowdown and that means that firms are spending a little less on i.t the digital transformation, though, to the cloud is very still intact, and then the last quarter we saw gross margins dropping about 350 basis points because of wage pressure, m&a activity not being scaled and reinvestment back in the business today we'll look for any further pressure on margins, especially when it comes to hourly wages or salaries in general, and lastly another headwind, the strong u.s. dollar, so foreign exchange and how that's going to hurt the company, especiall

kristina partsinevelos has the story. >> dom, you have parts of texas, kansas and oklahoma that could the hottest or highest summer temperatures to datedict 110 degrees. it is overloading electricity grids and putting a strain on human lives. natural gas is a source to power electricity in texas and elsewhere. prices are soaring nearly 26% in the past two weeks alone that's why the state run power grid in texas ercot has asked people to conserve power twice this week. the heat is driving up electricity prices, but blackouts weigh on firms like nrg and entergy and exelon you see the stocks here are negative month to date hot and aging. the department of energy found 7 70% of transmission lines are more than 25 years old lines typically have a 50-year life span. you can understand how old these systems are. you may wonder at home what about solar and wind >> although we brought on a lot of new capacity in the form of wind and solar, that is not always the most reliable source of energy because you really rely on the weather. if the weather is not perfect, you will lose out on the extra

here to look at this is tom costello and kristina partsinevelos.get this new data in coming to consumer confidence, let's just give it a teaser. it is not looking good. >> no. because this is a consumer confidence index. they questioned 3,000 people every single month and what we are seeing is that people are not confident about their finances. the number at 95.7. the benchmark is 100. below 100 it shows that people are worried about spending and an expectations numbers lower than we anticipated. this is people worried about the next six months so overall inflation is concerning. hit a 40-year high in june and mcdonald's said that they had a stronger earnings report with value menu and higher prices. walmart lowered the profit forecast people saying people aren't spending on electronics and instead spending on groceries and starting to see that shift. >> tom costello, we see consumer confidence come down even more so over the last couple of months. inflation continuing to rise and looking to get the numbers later on this week. what will the fed do?

many investors, collapsing metal metal prices could be flashing a warning sign of their own, kristina partsinevelos looking at the metals cooldown, kristina. >> the doctor is in and the economy isn't looking so hot copper's nickname is dr. copper, the metal with a ph.d. or doctor in economics because of its use in a range of items we buy from cars to appliances in other words, a barometer of the health for our economy and copper futures were lower today with the base metal recently hitting a 20-month low just last week precious metals aren't faring that well either you've got silver that also hit a two-year low just last week, while gold is often seen as an inflation hedge, it actually fell to a nine and a half month low just yesterday so investors, what they're doing right now, they're turning to a stronger u.s. dollar as a hedge given higher rates and really with the graph that we're showing you, you're really starting to see a dichotomy between both of these hedges, and why else are we seeing metal pra prices collapse? you've got slowdown fears, a stronger u.s. dollar makes dollar denominated me

it's thursday, right the veestreet is keeping a keene out and kristina partsinevelos is here with morepiggyback on what you just said. you have the sox and smh with the nasdaq 100 over the past few days, but don't be fooled by the run-up as earnings season may be overshadowed by weaker company outlooks and lower guidance. first, let's look at total semiconductor revenue that's been climbing 20%. semiconductors are considered cyclical as you can see on your screen, the similarities between revenue for semiconductors and gdp growth want a slowdown in the economy occurs semiconductor revenue follows and yet micron is the only company to lower its capex budget when beg question, when are other companies going to have their big micron moment? taiwan semiconductor indicating the 2021 capex will come at the lower end of its range and although asml has had a stellar quarter, it cut its revenue growth guidance for the rest of this year and analysts are finally taking notice. goldman sachs chip analyst recently slashed their 2023 earnings forecast by an average of 20% for chip and chip equipment

kristina partsinevelos >> we'll trade the alepp in today's three-stock lunch.t stay with us it listens, learns, adapts and anticipates your every need. with intelligence... that feels anything but artificial. the eqs from mercedes-benz. it's the car electric has been waiting for. >>> welcome back who is thirsty time for today's three stock lunch. and for the iphone, names like boradcom, which is down nearly 20% this year. we have serious logic, down around 7% and sky works solutions, which shaved a third of its value let's bring in david wagner from capital advisers maybe we start with the boradcom story. it is a big name in chips. is it worth owning >> i'm thirsty here for it it is actually probably one of my favorite names that i'm covering we've been adding to it over the last few months but last night's earnings from apple continued that rf side of the business but mostly we're buyers here due to valuation it is trading below the long-term historical average and it has room for expansion. and well first why could the multiples expand and it is simple just l

. >> let's get to kristina partsinevelos at the nasdaq with a closer look at the fallout from snap's disappointing quarter. >> it's a snap blood bath yesterday and today with twitter adding to the ugliness both companies are triggering declines snap is down i checked over 35% -- look at that, 38% driven by a slowdown in advertising and lack of financial guidance for the current quarter because visibility remains incredibly challenging. meta platforms and alphabet are falling in sympathy. both are set to post earnings next week. along with mega players like microsoft, amazon and apple whose shares are down 15% year to date. the biggest laggards are lucid group, align technology, datadog and intuitive surgical after missing on the top and bottom line on their earnings report. next week's fed meeting and cyclical fears are weighing on chip stocks today. amd, intel, micron all hovering, look at that, almost all 4% lower today. when we get fearful, the defensive names come back into play american electric, exelon, mondelez next week is a huge week for tech earnings and should give investo

let's get over to the headlines with kristina partsinevelos. hey, kristina. >> hello, frank.hland park, illinois, police have begun a news conference the 21-year-old man taken into custody is still being called a person of interest in the shooting deaths of six people during a fourth of july parade in the chicago suburb. police say he fired 70 rounds into the crowd and was dressed as a woman to facilitate his escape they also say he believed they acted alone. a senior law enforcement official tells nbc news the man bought multiple weapons legally before the attack. >>> russia's parliament has taken its first step towards passing two laws that will require businesses to provide goods and services to the military the vote was unanimous. >>> and a white house ceremony that concluded minutes ago president biden is setting the record straight by giving the medal of honor one of the recipients is getting the award posthumously "halftime" returns after this break. >>> welcome back to "halftime. semis are coming off their worst week since january and a slew of chip stocks hitting new

. >> let's go to kristina partsinevelos for a cnbc update. kristina >> hello, tyler.y beg forgiveness for the christians on the indigenous people canada's decades-long policy of forcing native childrens to attend residential schools where the abuse was rampant. it caused the assimilation effort catastrophic and a disastrous error >> a former u.s. representative is one of people facing insider trading and stephen by err represented indiana from 1993 through 2011 is accused by the sec of buying sprint shares in 2018 when he was a consultant after attending a golf outing where a t-mobile executive told him of the company's secret plan to acquire its competitor. >>> and britain will host next year's euro vision song competition on behalf of ukraine. the uk entry in this year's contest came in second behind a ukrainian group that won in the wake of russia's invasion. it would be too dangerous to keep with tradition and have ukraine host next year. >> kristina, thank you very much coming up on "power lunch," the dividend, and are these payoffs unsustainable. we'll discuss t

bank directors saying they're finding more and more families come to make ends meet cnbc's kristina partsineveloss live in a supermarket in new york city. grocery bills are adding up. >> reporter: yeah, grocery items have jumped 12% in the month of june, the biggest months since 1979 it's not only more expensive to grow and make these food items it's also more expensive to transport them >> i used to buy a lot of things, now i buy just what i need. >> protein has always been expensive, but it seems more expensive than ever. >> butter, chicken and eggs soared in june your morning cup of joe, almost up 16% that's forcing consumers to change their habits. >> they're accelerating that switching again from brands they were previously purchasing to private brands that allow them to have etch their dollars. >> more budget planning. >> we have to have more conversations about what what are comfortable spending each month. >> if the bill at a store was $10,000, they're adding 2% to the bottom of the bill, $200 surcharge for fuel. >> that charge gets tacked on, passed on to consumer. even if you don't driv

the entire chip sector has gotten dragged down, of course kristina partsinevelos has the story.? >> we're going in knowing that taiwan semi already posted better than expected quarterly reviews. this foundry in particular, that pretty much makes the most advanced silicon chips, is expected to hold up. you have apple's chip ramp, means more business to taiwan. intel's cpus, which means more deplanned for more advanced nodes. nvidia and qualcomm moving their wafers back over to taiwan customers don't want to lose their spot at this particular foundry. it's not all rosie micron spoke about this, kniffin to torrie buildup. if customers already have the chips in store, why would they buy more crypto mining has plunged. that's decreased also in graphics chips and taiwan semiconductors has warned that costs with building factor, are much more than anticipated. overall will demand hold up for them to reiterate their revenue growth for 2022. that's a big question i'll be looking at tomorrow, 2:00 a.m. eastern. >> are you going you want to up watching at 2:00 a.m.? >> if our bosses are wa

. >> let's get to kristina partsinevelos for the cnbc news update kristina >> thank you, everyone hereyour cnbc news update at this hour. the administration calling a group to the white house lawn for a bipartisan gun control law. president biden called for a ban on assault weapons that expired in 2004. >> in that ten years it was law mass shootings went down when the law expired in 2004 and those weapons were allowed to be sold again, mass shootings tripled. >>> the department of justice is investigating whether the pga tour engaged in anti-competitive behavior as it prevented players from jumping to the tour backed by saudi arabia. this is the second time it's come under federal probe it faced scrutiny that barred players from non-pga events. the commission backed off the following year the pga saying to cnbc this was not unexpected we went through this in 1994 and we are confident in a similar outcome. >> and monty norman, the brit inc inchish composer who wrote the theme song for james bond, he was 94. >> wish we could play the music in his honor >>> prices and shortages continue a

far this year even though it's crypto winter, part of the bitcoin world is feeling the heat kristina partsinevelosxplain what she means by that >> got to love a good pun. >> crypto miners flocked to texas to take advantage of electricity and mining hubs and they buy computing power in the world, but mining is incredibly energy intensive that's why texas's state-run power grid asked to shut down before it peaks. >> we need to understand that this is risking the ability of y utilities to provide service and it could be deadly. >> when you're seeing a sea of green here a three-month chart tells a com plately different story. take a look at hyde down the 98%. marathon, 52%. riot, 52% and it brings to light the issue of utility the application of tokens and crypto is still hotly debated while the cost of energy consumption is real, tangible and costly so how do we weigh that cost benefit? >> kristina, it sounds good. >> but now if bitcoin goes back to 60,000 would miners be as willing to shutdown? >> this is a hypothetical and as journalists i can say i don't know the answer, but it does raise the ques

plus kristina partsinevelos on micron and leslie picker on the banks, weaker today.s rebounding from their worst levels of the session. the nasdaq the clear outperformer for a change. charlie, it's not your kind of day. it's the kind of day where datadog and bitcoin look better than some of the things that you favor. >> i almost called you to reschedule because this is not my kind of day clearly this is a day the market got more confident we're going into recession i acknowledge the possibility of a recession but don't think it's 100% the market has predicted nine of the last ten recessions. i think the market is excessively confident of a recession. but if it's right and we go into recession, then some of the consumer discretionary names, some of the banks, some of the financials that i own are not going to do so well and some of the growth stocks have a chance of outperforming there's just no way to deny that. >> are there any value stocks in that growth stock basket that would do well that you might be interested in? >> sure. we have lots of names that are growing

kristina partsinevelos is joining us what's the key number we should be watching. >> the earnings pertals seem strong for nxp but it's more about the outlook that would be wavering what do i mean by that you have four issues one the slowdown in demand but for nxp given they have 50% exposure to the auto sector, how much is auto going to compensate for the weakness in pc and handsets piper sandler pointed out that nxp has underexposure to evs, so any comments there, they just said they're partnering with foxconn last week. the third point is something that's relevant to all semi conductors is an inventory correction coming down the pipeline have we hit that because of double ordering, inventory levels, because supply chain problems are starting to ease. and last but not least, that would be the china covid lockdown, so these are all things we're looking out for with revenue $3.26 billion for nxp. the street expects it to come in line it's more about the future, the near-term future for a lot of these companies. >> got it. kristina, thank you. >>> semis are underperforming as the market

we have the details from kristina partsinevelos. >> the fundamentals are holding up. the outlook is not wavering, either. it is slightly higher than anticipated. they get 15% of the revenue from the and market. a problem we know with the semiconductor firms and when we break down the revenue, you can see that is exactly where it missed, mobile sales. they are slightly higher quarter over quarter. the inventory correction that we are getting, the gross margin guidance was a touch lower than anticipated at 57.8%. the ceo said customer demand in auto and industrial and internet of things and market continue to exceed, incremental improving supply as we adjust long-term orders. they are capitalizing on the ev, electric vehicle, market. nonetheless, shares are lower in the after hours. >>> what to make of this quarter? >> revenue feed is good. revenue guidance is good. people look atthis and miss according to where they were versus expectations, but they want to wrap the whole thing up. the margins are there. they are in the right businesses and with all of these moving pa

. >>> i'm kristina partsinevelos and here's our cnbc news update at this hour moments ago on capitolsenate confirmed michael barr to the federal reserve board by a vote of 66-28. he will be the central bank's top banking regulator with plans to reimpose some rules weakened by the trump administration. >>> fred hutchinson cancer center is going to have vaccines for melanoma and metastatic breast cancer. >>> a new wave of anger is sweeping through uvalde, texas, over surveillance footage of police officers in body armor milling in the hallways of robb elementary school where a gunman killed 19 children and two teachers the town's mayor says its leak to media outlets was in his words one of the most chicken things i've seen. >>> new york system to register for monkeypox symptoms has crashed. there's a shortage of monkeypox vaccines and three new york city lawmakers are calling on the eideral government to increase thr supply "the halftime report" returns right after this short break ♪ dream, dream that's the thing to do ♪ ♪ music ♪ when you see value in all directions, you add value in

let's get to headlines now with kristina partsinevelos. >> thank you, scott. here's our cnbc update at this hour the fda is set to weigh over the counter sales of birth control pills after paris-based hra pharma became the first company to apply to do so on monday. the contraceptive pill is already available for sale in the united states with a prescription, hra says the timing of the application just weeks after the supreme court overturned roe versus wade is a coincidence. >>> steve bannon who defied a congressional subpoena and is set to go to trial on criminal contempt charges told the house select committee investigating the january 6th kocapitol attack he's now willing to testify. bannon's reversal comes after his lawyer says he received a letter from former president donald trump waiving executive privilege. the department of justice is calling the reversal a, quote, stunt in order to avoid accountability. >>> and the national suicide prevention lifeline is getting a new three digit number starting july 16th, people will now be able to seek assistance b

up double digits in june kristina partsinevelos has more on what is behind the rise of prices kristinaocery prices up 12% in june that is the largest since 1979 and pink floyd's "in the wall. given margins are thin at grocery stores, much of the costs have to be passed on one warns it will be worse >> waves of increases. another one going on right now i hear the prices that we are charging for things. i'm stunned by them. i'm shocked by them. i'm angered by them. >> butter, chicken soared in june all up double digits eggs up 33% according to data from bank rate morning cup of joe up 16%. you want sugar up 11% year over year. on top of higher costs, grocers are noticing a trend among suppliers. >> p what they are doing now is putting a surcharge on the bottom of the bill in other words, if the bill coming to a store was $10,000, they are adding 2% to the bottom of the bill. so $200 surcharge for fuel >> it is not just grocers, ecommerce and retailers like walmart and amazon adding fuel sur charges for third party sellers. fuel costs are making the way down the supply chain. if you don't

. >> kristina, thank you very much kristina partsinevelos that does it for "the exchange," everybody. a very busy hour of "power lunch qwe lunch," begins right now >> indeed it does. welcome, everybody, with "power lunch. i'm tyler matheson we begin with big news from the white house. president biden's doctors to hold a briefing on his condition after he tests positive for covid. that briefing should start in 15 minutes and we will take you there. meantime, though, let's take you straight away to shep smith with what we know and what to expect. >> the white house has told us to expect this briefing on the president's condition, his treatment, how this will impact -- keep going, how this will impact his schedule and day to day schedule. it's going to keep going the president is doing well, considering. he has symptoms that they described as very mild they gave some specifics, runny nose, fatigue, a dry cough that all started last night and kevin o'connor, mr. biden didn't sleep well last night and he had a rapid test that was positive this morning followed by a pcr test, also positive.

kristina partsinevelos has the latest. >> it's a tale of two cities within the chip space. you have weakening pc and hand set demand that we've talked about along with bloated inventory levels that are hurting memory and storage chip makers chips that are vital for electronics. micron, for example, is 55% exposed to that consumer end user market and actually guided lower into the next quarter as the ceo doesn't think things will improve until 2023. micron is on pace to snap a four-day losing streak, but still more than 30% off its one-year mark but 40% off year-to-date, and it's not just pc and hand sets there is further demand weakness in graphics chips. these are causing gpu prices to drop nvidia covers about 75% of the market in terms of market share, and then intel as a new entrant. so demand is weakening on one end, and that's reflected in the sma gtf. that's hit its lowest level today since november 2020, while the supply crunch persists on the other end within the auto sector union workers say the worldwide chip shortage would cut into its italian production by more

. >>> our kristina partsinevelos heart moor on it >> samsung posted the best second quarter since 2018chip stocks, like i said, you are rallies. but are chip investors getting ahead of themselves? it posted a better than expected 21% jump in revenue, fueling other chip makers this morning, united micron up over 6%, taiwan semiconductors up nearly 7%, but samsung posted a narrow sales beat, operating profit came in lower than expected. 60% of samsung's operating profit comes from memory chips that deceleration could signal worse times ahead, especially if you consider micron's weaker forecast over concerns of weakening demand amd flagged a slowdown and intel's ceo said the second half of the year had gotten noisier, and the company would look to align spending they felt about 12% last month from a year ago, and d-ram customers are sitting on two-month supply of inv inventory, so why buy more? >>> the top holding there for caterpillar and deere, which both touched 52-week lows this week, steve altman from jeffries let's start there with deere and cat, two big components you cover. is it

. >>> good morning, i'm kristina partsinevelos. used in the highland mark shooting was legally obtained a 22-year-old man described by police as a person of interest is in custody. two police officers were shot during an independence day fireworks show and concert in philadelphia last night. one officer was struck in the white shoulder, another had a graze wound to the head. both officers were released from the hospital this morning. >>> finland and sweden are moving a step closer to being a member of nato all nato members will be asked to ratify the pacts, a formality that could take months. >>> we are a bit off of the opening lows, at 3749 on the s&p, that was pretty much or worse day in about three weeks, but we have recovered just a touch. mike santoli is here to talk about the open and the broad-based weakness. >> broad-base d that's been one theme clearly washing over from europe that's when the overnight futures really buckled, pretty much i think rushing to a forgone conclusion, some depth of recession likely there, and i t

pace for the fourth negative week in five, the worst proply performance since 2008 in june kristina partsinevelos with more. that was a very, very tough quarter for micron. >> yeah, it was. it was a tough call to go through with the ceo, but it's one of the worth performers of the smh after the grim outlook estimates for the remainder of this year may be too high. they are don't go away from a 32% drop from china, weaker demand, the company also warning that manufacturers are pulling back on memory and storage which will company cap-ex take out? >> keeping of equipment manufacturers, evercore points out that applied materials, only traded about 14 to 15 times forward earnings, and a lot of bad news is already baked into the shares, all of those are in the red today. another big mover is taiwan semiconductors, it records that numerous customersare reducing the wafer orders including amd and apple. taiwan semiconductor shares are down more than 6%. mike >> nobody really escape the pain so far, should the results be seen as a warning? that is where we start with stacy raiskon. how does it make out f

i'm kristina partsinevelos here is your cnbc news update at this hour.nzo abe is dead after being shot at a campaign event in nara antony blinken calling abe an extraordinary ally >> abe was an extraordinary partner, someone who clearly was a great leader for the japanese people, but also globally, and one during his time in office brought up our relationship to new heights. >>> president biden is expected to sign an executive order shortly to protect access to abortion the order aims to gain access to probability patients ease privacy and promote the safety and security of patients, providers and clinics it is. >>> former trump white house counsel pat cipollone is behind closed doors on the hill this morning, speaking with the house select committee investigating the january 6th capitol attack cipollone was in the oval office when i attack occurred carl, back over to you. >>> let's get back to the jobs number, as the markets go green here 372,000 jobs in june that does beat consensus joining us is jan hatzius. happy jobs friday, jan you do write today,

kristina partsinevelos has a breakdown for us >> despite the top and bottom line beat, ibm is facinging, and that is pushing them lower today it was helped by infrastructure and a launch of the new main frame any then software sales are also decelerating. they hiked up prices to mitigate those costs, but given the average two-year length of consulting contracts and the fact that 50% of ibm's workforce isn't consulted expect the company to get hi by higher wages. it also lowered the 2022 free cash flow guidance one, a $100 million charge, even though it was a highly profit at business were $9 hundred million, that currency hit will continue to be felt in the coming morning, warn on last night's earnings call, that most of that was still ahead of us in the second half. guys >> thanks for that, kristina. >>> as we go to break, a look at the room map for the rest of the hour why one analyst sis july is a make or break for the crypto. >>> and buffett's big oil bet. >> and finally musk and twitter headed to course in less tan an hour we'll break down the latest and what comes next. the big

elsewhere nxp reporting after the bell, a big focus on the company's exposure to the auto sector kristina partsinevelosto look for. >> nxp semi-conductors are the first chip maker to report but analysts and investors are bracing themselves for more muted results because supply is coming back on line, demand is slowly starting to wane. analysts have been bearish on companies with exposure to pc and gaming markets like amd, intel, nvidia. intel down 17% in the past three months nxp stands out from the rest considering it generates 50% of its revenue from the auto end market, a market that has experienced no doubt over a year and a half of strong results and supply chain issues. but volvo's ceo told cnbc europe that, quote, semiconductors are back in full supply for us, which could be a further sign that the auto chip shortage is starting to ease piper sandler comment that had although ev sales should remain strong the problem is nxp is underexposed and said, quote, it is best to step away from nxpi at this time they also point to a slowdown in order rates as well. however, nxpi's exposure to to ev should