lennar is at an all-time high. >> apple is the first time above $190 since february 7th. that's where that stock sits. it's helping the dow to a new closing high. we'll see how it plays out over the final hour when i see you at 3:00 eastern time. "the exchange" begins right now. ♪ ♪ >> thank you very much, scott. welcome to "the exchange." i'm kelly evans. here's what's ahead on what's shaping up to be a banner day for the market. stocks are surging and yields are lower after the inflation report cooled. the ten-year dropping back to 4.3, touching its lowest level since april 5th. our economist nailed the print and said may's number could show more relief. he'll tell us what that means for the markets and the fed's next move. the lower yields are boosting home builders as we just heard, vis-a-vie lennar. but there are signs demands might be slowing. so we'll discuss that. and ai getting aggressive. google is announcing a new assistant and a search overhaul. two key departures from openai, and amazon replacing its ceo as jeff bezos keeps a close eye on their efforts. we'll

the lower yields are boosting home builders as we just heard, vis-a-vie lennar.here are signs demand

lennar down 4%. >> the home builders key to the story for the interest rate pictures as well.urse, nvidia coming up in maybe just a little over an hour right now. >> very exciting. >> $2.3 trillion company. you're bullish, you have to bet that number keeps growing. >> you have to do it. >> thanks for watching power lunch. we know what the judge will be watching. >> closing bell starts right now. >>> all right, guys, thank you so much. welcome to closing bell, i'm scott wapner, live from post nine here at new york stock exchange. this make-or-break hour begins with a make-or-break moment for this market. nvidia's earnings as dom was saying in an hour from now, rarely has one stock mattered so much. which is why over the final stretch, we'll size up what is really at stake this evening. >>> in the meantime your score card with 60 minutes to go in regulation. well it looks like this. we were green, well tech was green. some of the other sectors were green as well. fed minutes

lennar down 4%. >> the home builders key to the story for the interest rate pictures as well. of course, nvidia coming up in maybe just a little over an hour right now. >> very exciting. >> $2.3 trillion company. you're bullish, you have to bet that number keeps growing. >> you have to do it. >> thanks for watching power lunch. we know what the judge will be watching. >> closing bell starts right now. >>> all right, guys, thank you so much. welcome to closing bell, i'm scott wapner, live from post nine here at new york stock exchange. this make-or-break hour begins with a make-or-break moment for this market. nvidia's earnings as dom was saying in an hour from now, rarely has one stock mattered so much. which is why over the final stretch, we'll size up what is really at stake this evening. >>> in the meantime your score card with 60 minutes to go in regulation. well it looks like this. we were green, well tech was green. some of the other sectors were green as well. fed minutes though, they're a little hawkish. market didn't like it very much. so we do have a bit of a selloff

s&p, lennar, horton, american tower -- lauren: home builder sentiment comes out today.nasdaq winners, biogen, intuit, advanced micro devices is and autodesk. okay, that's how we started out today. here's what's coming up. new york city if mayor eric adams says migrants can fill the lifeguard shortage because they are excellent swimmer. is that a joke? roll tape. >> how do we have a large body of people that are in our city and country that are excellent swimmers and at the same time we need life forwards? stuart: excellent swimmers, that's to fascinating. he didn't end there either. we have the full tape for -- he was serious. yes, he was. >>> the white house just tied trump's trial to the election. watch this. >> reporter: was it appropriate for speaker johnson to show up at the trial of the former e president today? >> so, look, i can't speak to -- don't want to comment, obviously, this is related to 2024 elections. stuart: did she make some emission admission if there that this is lawfare? mollie hemingway will get into it. the cost of food, or energy, childcare, the

whenever lennar comes back to town, who knows?ht now, our buildings are leaking and they're leaking. now we need we need help now. and we're sitting here. we've been a football passed between three big agencies the city, the navy and lennar corporation. all you know, with millions of dollars. i know the city doesn't have millions of dollars. i mean, everybody's after the city money, but it's like i'm looking for a creative solution. and i'm happy to hear you state that you are interested in redressing the wrongs of the past and coming up with creative solutions, and that's what we need urgently. so thank you. i just wanted to put a face to the name to all of you and thank you so much for your attention to this. and i'd also like for us to be julian and the landlords and, and my business out there. we would like to be included. and in the different conversations that are going on with other parties, because we've been, you know, trying to make our, our selves known and have been kind of felt shut out. so thank you so much. thank yo

much to go against any of them toll is my favorites, by the way, because they do high end and i like lennar.i. horton is good. toll is just -- doug yearley has been extraordinary. >> how are you going to start the week off tonight >> the gig economy, we had a number of reports about gig economy stocks, they're not all equal and i think they're presented to be equal and we're disagreeing with that. what day today would have been a quiet -- we're not in earnings period but the research has been extraordinary into yeah. interesting seeing meta and alphabet both down that's got to be -- on that story we discussed. >> yeah. >> cutting back on marketing spend here. >> rene has gotten back to me, rene, the fellow who runs arm. >> yeah. >> no comment on that story that makes me think - >> the arm ai chips story. the nikkei, out of japan. >> but maybe we can focus on -- i know you've got good sourcing there. what are you laughing at deep throat or something - >> around the world i have good sources. >> i know you're out of town friday i know where you're going. >> yeah. >> you're going to see salt a

as for the stocks doing well in the sfpan, look at the names lennar and dr horton which have done really well if the rates picture is key to the housing trade going forward and inventory is scarce, home builders could have room to run. it is part of the consumer disc discretionary picture. we talk about the names in the retail space with the tapestry and ralph lauren, but housing construction is part of the picture. back to you. >> dom, thank you for that have a great weekend if we don't see you again. we will see you -- i'll see you at the top of the hour i can wish you a great weekend later. >>> we are watching shares of gildan active wear the 12-person board resigned immediately. looking at eight board nominees from browning west restoring the former cfo who had been ousted by the board it is the second massive resignation in the board sroom gildan is a supplier for companies including amazon and target that is a wild drama it could be a soap open rachlt. >>> when we come back, we will talk to two social media influencers working on the platform to bring positive change you can follow

. >> like warren buffett buys lennar voting, it was a ten-t ten-point discount.he voting stock, i had to convince smome o allow me to exchange. bottom line, what do we need? we need content. going back to the days of the gladiator, going back to the days of silent television, you know, silent movies, so, content and they have the scale. what they need is someone that can look at 100 scripts and figure out which of those may have a higher success rate and so bringing in an organization like skydance makes sense. the second part is, the problem is great opportunity, great tailwind. >> you own the general -- >> i own a million shares of the general -- the one you saw at 13 and change. i own 5 million of the 10 million that are not held by the public. >> so you're in the camp with sherry redstone. that's the question -- >> i'm in the camp of fighting for every shareholder to get the same price as at shari redstone. problem is national amusement. she have leverage. anticipated challenges with covid and the movie business. last year cut the dividend, screen actors stri