lexaria bioscience, transforming the future of glp-1 drug delivery.ife's daily battles are not meant to be fought alone. - we're not powerless. so long as we don't lose sight of what's important. don't be afraid to seize that moment to talk to your friends. - cloud, you okay? because checking in on a friend can create a safe space. - the first step on our new journey. you coming? reach out to a friend about their mental health. seize the awkward. it's totally worth it. >>> welcome back to "worldwide exchange." time for the big money movers. shares of c 3 a.i. is up after the demand for a.i. revenue jumping 20% as the number of companies adopting the technology now rises to 19. the ceo said the a.i. boom is quote staggering. >> there's no aspect of the economy that's not revolutionized by a.i. and now particularly with generative a.i. it's just staggering. the problems we could solve there are really remarremarkabl. >>> uipath is set to shed 30% of the value at the open. it faces deal scrutiny. the ceo is also resigning on june 1st. he will be replaced

lexaria bioscience. >>> welcome back to "worldwide exchange."e have a news alert from washington, d.c. the biden administration is taking new steps to protect u.s. solar manufactures from chinese competition. that is making it easier for projects to claim as subsidies. we will keep an eye on the solar trade today. >>> the annual cnbc disruptor list is out. that is artificial intelligence. more than two-thirds say a.i. is important to the business and requires a lot of investment. at number 11 is octopus energy which is leveraging a.i. to spark the global transition. they are reaching a valuation of $9 billion after two investors raised stakes in the company. joining us from london is greg jackson of octopus energy. this is a fascinating story, greg, for your company. it is a disruptor. it is a crazy unicorn company out there. many people haven't heard of octopus energy although you are one of, if not the biggest, power generators in the uk. what happened? how did your company grow to where it is today? >> dom, thank you for having me on. in the

lexaria bioscience. >>> welcome back to "worldwide exchange."e for the big money movers although after nvidia, these may be medium money movers snowflake up 3%. the company boosting the forecast after growing 38% this is the first report since the departure of the cfo the new chief stressing strong demand for a.i. with jim cramer last night >> our a.i. products are available. over 750 customers are sending applications to production i would say the enterprise a.i. is here at snowflake >> e.l.f. beauty up 2% after posting the first $1 billion fiscal year. sales growing 77% as more consumers find value in the low-priced beauty products prices will moderate in line with the slowdown. catch the interview with e.l.f. ceo on "mad money" tonight. >> sales across north face declining as consumer spending slides the retailer says the turn around plan is looking to reduce costs and pay down debt. shares of vf corp down 16% >>> taking a closer look at a wage boom in house keeping in the palm beach community where it is not surprising to see bidding wars fo

lexaria bioscience, transforming the future of glp-1 drug delivery.hange." time for your big "money movers." bank of america and citigroup hit their highest levels in over two years. the xlf spdr etf off its record. holdermaker onon is beating its estimates and raising its annual benefits forecast as it races a stronger demand for its footwear. they've outperformed other legacy names line under armour and nike in the last year. and boot barn, the company offering light year earnings despite topping first quarter estimates. before today's drop, it was up over 40% in the last half year and 3% off its record recent high -- recent high, not record. boot barn shares are down 5.5%. >>> turning now to the middle east and developing story when it comes to an arms deal whith the u.s. and israel. dan is standing by with the details. dan. >> good morning to you. look, the details are still emerging here, but reports say this new deal could see more than a billion dollars worth of weapons being sent to israel. that is a huge number. when you break down some of th

lexaria bioscience. and they're all coming? those who are still technolwith us, yes.g soon. this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly. >>> welcome back time for the "wex wrap-up. we start with spacecraft which could launch today after the cancellation yesterday with the issues with the oxygen relief valve. this would be the first crewed mission to the international space tors are looking into an investigation into boeing over the probe of the 787. >>> and s.e.c. prepares to sue robinhood. the assets are the platform on not stuecurities and will defen themselves in court if necessary. >>> disney is looking to review the comcast value of hulu. >>> nintendo expects profits to drop by 39% this year due to weaker device in game sales. it plans to make an announcement about the nintendo switch by the end of next march. >>> and brian newman is stepping down to focus on his health. the move comes as u.p.s. has struggled with weaker volumes. >>> turning back to the trading day ahead and the dow looking to extend the four-session win streak futures a

lexaria bioscience, transforming the future of glp-1 drug delivery. (♪♪) at enterprise mobility, our always see another road. because when there's no limit to how far mobility can go, there's no limit to how far businesses can go. (♪♪) were you worried the wedding would be too much? nahhhh... (inner monologue) another destination wedding?? we just got back from her sister's in napa. who gets married in napa? my daughter. who gets married someplace more expensive? my other daughter. cancun! jamaica!! why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. can we get out of here? i thought you'd never ask. join 18 million americans and take control of your financial future with a real time dashboard and real life conversations. empower. what's next. >>> welcome back to wit"worldwi exchange." we have becky quick in omaha after the berkshire hathaway shareholder meeting. >> good morning, frank. good to see you. you are right. warren buffett disclosed on saturday that berkshire hathaway sold 13% of the massive apple stake.

lexaria bioscience.anium producer, is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. en(grunting). at morgan stanley, old school hard work meets bold new thinking. (laughter) at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. box" on your favorite podcast. follow us and you can listen any >>> cathie wood, ark investment management, has purchased a stake in elon musk's xai for its $60 million arc invention funds. in an email the ark revealed it represents about 2% of the fund's holdings. ark's chief futurist told bloomberg the ai foundation models are going to be worth trillions of dollars by the end of this decade. those ai stocks do keep rising, but our next guest says he's waiting to get in on the hype. joining us now is mitc

lexaria bioscience, transforming the future of glp-1 drug delivery. >>> it is 5:30 a.m.new york city area and 10:30 here in london there's more ahead on "worldwide exchange." here's what on deck. could the dow make it eight in a row? it looks to do something for the first time in three months futures are higher. >>> sounding the alarm on the consumer a growing number of companies raising concern over spending power as we get ready for retail earnings >>> all revved-up. zeekr is set to trade today firing on all cylinders and pricing its ipo. it is friday, may 10th, 2024 you are watching "worldwide exchange" here on cnbc ♪ >>> welcome back to "worldwide exchange." i'm frank holland coming to you from cnbc london it's our last day here we pick up with the check of the u.s. stock futures take a look at futures in the green across the board the dow looks like it would open up 150 points higher ahead of the open, speaking of the cdow, it is on pace for the best week since march. we are looking at the dow's biggest pre-market movers this morning. look at the board here we see 3

lexaria bioscience, transforming the future of glp-1 drug delivery. and they're all coming?who are still lexwith us, yes.ce, grandpa! what's this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly. >>> it is 5:30 a.m. in the new york city area and 10:30 in london there is more ahead on "worldwide exchange. here's what's on deck. the dow is looking to do something for the first time since february however, futures are pointing to pressure. >>> nvidia is looking for the seismic shift in the tech space as the stock continues to move higher we will dig into the numbers. >>> and beyond meat leaving a bad taste in consumers mouths. it is thursday, may 9th, 2024. are you are watching "worldwide exchange" here on cnbc welcome back to "worldwide exchange." i'm frank holland coming to you from cnbc london we pick up the check on the st stock futures. futures are at the session lows for the dow opening up 90 points lower. turning our attention back to the markets. the dow is on pace for a fourth positive week in a row since early february we are checking the bond m

lexaria bioscience, transforming the future of glp-1 drug delivery. >>> time for "worldwide exchange.matchmaking. tinder posts a drop in paying users. the company expects revenues to be at the lower end of its 69% range. shares of match group down about 6%. >>> upstart issues a weak forecast it's looking for a return to sequential growth in the second half of the year and positive growth by the end of the year. it fell double digits once the halt was lifted. >>> we're seeing shares of sonos tumbling reporting a wider than expected loss of around $70 million despite growing revenue estimates. they look ahead to a revamped sonos app. shares are down 7.25%. >>> coming up on "worldwide exchange," with oar going to dig into europe's record run and the key tastcalys that could propel them even higher coming up right after this break neration, can irreversibly damage your vision. it can progress faster than you think. when ga threatens your eyes, take a stand. slow ga with syfovre. syfovre is an eye injection that was proven to slow damaging lesion growth over 2 years with increasing effect

lexaria bioscience, transforming the future of glp-1 drug delivery.tiful... le...day to fly. e, wooooo! norman, bad news... i never graduated from med school. what? but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... that's like $20 a month per unlimited line... i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? >>> the week started with meme mania resurging after a tweet from kitty. but they started to fade but still up sharply. joining us with more, ceo of ig north america. you are not the first person to say that as far as retail, it was kind of a nonevent even though it happened again. butit didn't really spread very much. and especially beyond gamestop. >> no, it waspretty much 36 hours of excitement if you will. but quite honestly, it started on monday. our clients -- monday they didn't participate as much. tuesday t

lexaria bioscience. whoa, what's that, grandpa? oral delivery telook at us knuckleheads..nd they're all coming? those who are still with us, yes. you look good. you as well. one, two three. grandpa! what's this, ellie? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly. wooooooo! whoa! on your wing, grandpa! norman, bad news... i never graduated from med school. what? but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... that's like $20 a month per unlimited line... i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? >>> it's 5:28 a.m. eastern time in the new york area still a lot on "worldwide exchange" coming up. >>> stocks looking to make gains for the new trading week. >>> another key test for the markets this week as the rollout of retail earnings for home depot and walmart topping the list of companies pulling back the cu

lexaria bioscience, transforming the future of glp-1 drug delivery. >>> welcome back to "worldwide exchange johnson & johnson has taken an unusual step today pitting two drugs against each other as it fends off the blow of the generic competition. we have angelica peebles with more. >> this week, johnson & johnson is presenting data from the drug in two inflammatory bowel disease. it was improved for arthritis and now johnson & johnson is looking to show it can work in other diseases. if these results are promising, tremfeya would go to treat several other diseases. it brought in $11 billion last year. stelara faces competition in europe this year and in the u.s. next year. tremfeya won big in those sales. it did $3 billion last career. if the trial for uc, johnson & johnson says half of the participants saw symptoms resolved and two-thirds saw no signs of inflaflammation in one year. they will look to see if the numbers are better than stelara. tremfya is the newest for johnson & johnson. showing better outcomes for patients helps do that. morgan stanley sees 3% movement on the results. it

lexaria bioscience, transforming the future of glp-1 drug delivery.office chatter) is it me...or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? can ai help your people work... without all the workarounds? feel better. make customer service work the way customers expect? that one. make your old tech work with your new tech? thank you. and todd here is wondering, can ai do all that... now? no pressure. it can. on the servicenow platform, ai transforms your entire business. your people work better, your customers are happier, and todd... well... he's practically euphoric. practically. because when your people work better, everything works better. so what are you waiting for? let's get to work. idris elba works here? mm-hmm. ya, he's super nice. >>> welcome back to "worldwide exchange." time for the big money movers. we start off with shakes of deckers. they are 8% higher thanks to the gains for the sneakers and ugg boots. partially offset by the decline

lexaria bioscience. >>> welcome back to "worldwide exchange." time for your big money movers.o interactive is under pressure down by 2.5% as they say grand theft auto 6 will not be released until the fall of next year. take two is also reporting fourth quarter results that beat estimates but cutting the booking forecasts for the coming fiscal year. >>> cracker barrel is foulllowi as they say third and fourth quarter results are below forecasts. the company plans to invest hundreds of millions of dollars in overhauling its restaurant chain and updating its overall brand. shares down 11% in extended action. >>> and shares of applied materials are lower despite reporting better than expected second quarter results. the chip equipment maker forecasting third quarter numbers above estimates but it failed to meet investors' hire expectations. applied materials making the stuff that make computer chip, down 1% in pre-market. let's stick with that theme. hundreds of companies are still vying for a piece in the chip act funding. megan, where will we see the remaining money going? >> th

lexaria bioscience. new projects means new project managers. you need to hire. i need indeed.ou sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. ♪ >>> welcome back to "the halftime report. i'm dominic chu. we have some breaking news jim simons has died at the age of 86 according to an announcement from the nonprofit he and his wife marilyn simons founded in 1994. simons was considered by many to be one of the founders, if not the founder, of modern quantitative investing, and that was mostly due to his work founding and running renaissance technologies went on to become one of the most successful investing firms, hedge funds in history he was a markets guru. he focused on things ranging from math and sue yens to the origins of the universe itself jim simons is survived by his wife, children, grandchildren and one great-grandchild scott, just from a personal anecdote standpoint, as a former program trader who worked for a fund company, i can tell you how much ji

lexaria bioscience. >>> welcome back.ofi is partnering with openai and b bio to accelerate the collaboration of new drugs. joining me on cnbc is the sanofi chief executive officer. great to you have here. >> good morning. >> exciting news. you are making a lot of headlines. can i bottom line it? what will you use a.i. for? what is the number one use case for the company? >> i hope you will talk about it. it is all about ensuring we get to market faster with our drugs. there's plenty of patient needs with the a.i. tech-driven company with sanofi. >> let me ask you, you say it exaccelerates getting drugs to market. are you talking about the most profitable drugs or other drugs with great need? >> you know, we are not narrowing into the most profitable drugs. it is about unmet needs. with generative a.i., you can map proteins and generate new proteins. i think the spectrum of the possibility is huge, frank. it is not just on specific drugs. it's a wide range of drugs. >> wide range of drugs. we have been doing research. this

lexaria bioscience, transforming the future of glp-1 drug delivery.ive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything. so this is pickleball? it's basically tennis for babies, but for adults. it should be called wiffle tennis. pickle! yeah, aw! whoo! ♪♪ these guys are intense. we got nothing to worry about. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? got him. good game. thanks for coming to our clinic, first one's free. >>> now, closing bell markets on. we are here to break down the crucial moments of this training day, steve on roblox heading for a second worst day ever. looking ahead at the drop box earnings. mike, we begin with you. we will close about 5200 for t

lexaria bioscience, transforming the future of glp-1 drug delivery. nice to meet ya.harmacist for 44 years. when i have customers come in and ask for something for memory, i recommend prevagen. number one, because it's effective. does not require a prescription. and i've been taking it quite a while myself and i know it works. and i love it when the customers come back in and tell me, "david, that really works so good for me." makes my day. prevagen. at stores everywhere without a prescription. >>> welcome back. a news alert. federal auto safety regulators opened a probe no waymo. they are looking at performance issues that led to crashes. this comes after the similar probe into zoosk cars. >>> caitlin clark makes the debut in the wnba tonight as the indiana fever go on the road to take on the connecticut sun. the game is on espn 2, espn plus and disney plus. the first live sporting event ever shown on the streaming service. the game is also, by the way, sold out. the first sellout for the connecticut sun's home opener since the team's first game back in 2003. here is

lexaria bioscience, transforming the future of glp-1 drug delivery. i don't want you to move.ternet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with xfinity. ♪ >>> all right. today's pce report is key to the market action as we close out may. checking the margins. let's bring in tiffany mcghee. tiffany, just how important is pce to the market story today? >> well, pce -- hi, dom. how are you? pce is the metric that the fed looks at, but as a lot of your guests have been saying, that is one data point. is it important? yes, it is, but the fed is looking for more data points outside of just today. >> outside of just today. the overall story for the market is one at record highs or near it right now. is there still value to be had? >> i think there is. you know, as a matter of fact, that is my "wex" word of the day. room

lexaria bioscience, transforming the future of glp-1 drug delivery. >>> welcome back to "worldwide exchangeng to start with toll brothers. they're raising their guidance over what it calls boosting economy. urban outfitters also popping on strong first quarter results from its anthropology and other brands. they've been cutting prices because of slowing sales. customers are enthusiastic this year compared to exuberant last year, which they classify as healthier and more sustainable. shares up 7%. >>> and sviasat shares are lowe. they anticipate a slowdown in its satellite services business. it's been fixing its focus from broadband solutions to the government due to competition from wireless carriers like t-mobile. >>> wed we told you about a policy reset. cnbc's eamon javers is back with an even deeper dive and how they plan to gain more votes for trump with these new policy ideas. good morning. >> that's right, frank. this is all about the political approach to this. we'll have a story out on cnbc.com later on this morning. we've been talking about this new strain of economic populism tha

lexaria bioscience, transforming the future of glp-1 drug delivery. what is cirkul? fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. >>> welcome back to "worldwide exchange." american airlines cut its second quarter guidance after the chief offer declared he's leaving next month. it's down from a year ago, down from a previous forecast of no more than 3%. future estimates lower to a range of $1 to $1.15. the estimates were 30. united airlines, delta, y southwest, and jetblue all falling. leslie joe sefs is right here in the studio. thanks for coming in. >> thanks for having me. >> what's going on? i'm looking at the tsa. they say friday was the busiest day ever, 2.5 million people in the air. it seemed really strong. what's going on? >> this is a pretty big miss on the revenue. american a month ago was guiding for strong but not this bad for their unit revenue growth to come out and double what the unit revenue decline is

lexaria bioscience. awkward question... is there going to be anything left... —left over? —yeah.nologue) my kids don't know what they want. you know who knows what she wants? me! i want a massage, in amalfi, from someone named giancarlo. and i didn't live in that shoebox for years. not just— with empower, we get all of our financial questions answered. so you don't have to worry. i guess i'll get the caviar... just kidding. join 18 million americans and take control of your financial future with a real time dashboard and real live conversations. empower. what's next. >>> welcome back to "worldwide exchange." a market flash on shares of apple. moving up over 2%. this is the latest figures from the china institute of technology showing iphone shipments rising up 52% last month gubuilding on gains. apple and the resellers have been cutting prices as they look to keep pace with rival huawei, currently the number one seller of the smartphone in china. >>> time for the check of the headlines outside of the world of money and business. nbc's frances rivera is in new york with the latest

lexaria bioscience. - after military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military families has empowered more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >>> welcome back. goldman sachs and jp morgan hitting all-time highs today. joe terranova is back here to discuss. good to see you. we hit these levels, now what? new highs quite often for goldman and jp, now what? >> let's get to the headline. i think j.p. morgan has another 2% -- another 10% to it. goldman sachs has another 10% to it, so we are talking about above 500. we took our exposure to the financial sector there above 20%. we had exposure below 10% for a better part of year from the first quarter of 2022 to the end of 2023. now we are increasing that exposure and i think what you'll see is w

lexaria bioscience. (grunting) at morgan stanley, old school hard work meets bold new thinking.rs old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. ♪ >>> all right. k eastern we'll see if we can get the first close over 3300 for s&p 500 in a month. erin will exclusively give us her new asset allocation look. kristin bitterly with me as well. farmer jim? >> just hit a post-pandemic high. >> liz? >> s&p low vol. >> j.b.? >> live nation, a big summer. >>> i'll see you at 3:00. "the exchange" is now. >>> hi, everybody, welcome for "the exchange." here's what is ahead, is the consumer cracking or still cranking? it depends on where you look and who you ask. bank of america is say not so fast. we'll try to make sense of their data and what they're seeing from customers. >>> plus shares of beyond meat are sinking after another ugly quarter. can the company get back appetite for their products. >>> plus

lexaria bioscience, transforming the future of glp-1 drug delivery. (♪♪) (♪♪) what took you so long? line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com >>> welcome, everyone. welcome we are glad to have you with us. coming up this hour we have some power players on the menu. we will break down what we heard from one buffet over the weekend and then an interview with ken griffin. >> we will hear from the head of volkswagen america how strong the demand about ev's in the u.s. the dow is hanging onto a small gain. the nasdaq with the biggest percentage gain of the three. is

lexaria bioscience, transforming the future of glp-1 drug delivery. >>> welcome back to power lunch.ve warned us that we would hear something hawkish in those minutes. we certainly did. the dow is down 240 points. it is 0.6%. let's get more analysis from rick in chicago. rick? >>> hello, kelly, indeed. what is fascinating you're coming said steve warned us it would happen this way. many believed that it was not what happened this way no matter what the minutes said due to the last batch of inflation data that we received. it was not any market improvement. in many ways, we saw did not get worse on cpi. the way the market is reading the minutes, maybe that is not the correct interpretation. if you look at these 2 years, short maturities are closely associated with, and trade aggressively based on anything that has to do with the fed. as you see on the two day chart, not only are we significantly above yesterday's range, we are making new high yields. as you pointed out, stocks, since the minutes released are making new lows. if you look at longer maturities like the ten year, what jum

lexaria bioscience. >>> we're back on closing bell.pulling back after hitting a record high earlier today. investors bracing for nvidia's earnings tonight in overtime. concerns grow about the sustainability of this ai driven rally. joining us now is glen kacher. he's the founder and ceo of light street capital. it's good to see you again. welcome back. i'm curious, are you nervous? are you confident? how would you describe yourself ahead of nvidia as a shareholder? >> yeah, we're feeling really confident. we have been investors in nvidia steadily since the fall of 2022. and we saw the beginning of this ai buildout happening then. you know what scott, it is still going on in a very rapid pace. right now it's pretty clear that we are experiencing the period where demand is still greatly outstripping their supply. you know, i think that you would see in these buildouts when the architecture of computing kind of changes every 20 or so years. you see a rapid five-year investment cycle happening. then ultimately a 20-year cycle that we will

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lexaria bioscience. (♪♪) car, this isn't the way home. that's right james, it isn't.ise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com >>> semaphore is reporting that frank mccourt is mounting a bid to buy and rebuild tiktok. for more on this story, let's bring in ben smith, co-founder and editor in chief of semaphore. this is true. this is what mr. mccourt said, tiktok presents the best and worst of the internet. you could drive like ten semis through best and worst. it would be nice to keep, but at this point it seems untenable. is this a possible answer in your view, a serious one? >> well, i mean, if the government proceeds on a current course, they're going to -- somebody will buy tiktok or it will be shut down and mccourt is one of two people, the other is steve nuken, who are starting to make noise about putting together groups to try to b

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lexaria bioscience. >>> good morning welcome back to "squawk box.rket site in times square. if you look at the dow and s&p and nasdaq the nasa damage is up 166 points this is coming after nvidia blew the door off things. quieting any doubters based on what they are seeing and earning and what they expect to earn next year. jensen huang says they will not be able to deliver on everything until next year. the entire ecosystem with microsoft and dell and beyond, you will see big moves nvidia shares up 6.7%. year to datdate, more than 100% gain we will continue to keep an eye on this story this morning. >>> in the meantime, the first ever major crypto bill has pass in the house of representative despite the opposition from gary gensler. joining us right now is patrick mchenry. he is the chairman of the committee. let's talk about the bill. the big deal is this would finally settle who would be the regulator over cryptocurrency. a lot of things in the bill as wealth, but that is kicking up the dust and the democratic opposition you did get a lot of democ

lexaria bioscience, transforming the future of glp-1 drug delivery. >>> welcome back to "squawk on theths. we've been talking about this on the show. goldman sachs out with a new bullish call this morning saying the gains can continue arguing utilities offer ai and defensive exposure at, quote, undemanding valuations and that in the long-term ai related power demand could lead to big eps growth for the sector. cannacord out with a new saying, quote, we are set to hit energy bottle necks as it relates to ai deployment, data center build-outs and gpu consumption have to slow or the resources that has to power them has to accelerate in a big way. it's been a big theme. utilities all of a sudden the new sexy story in town. who would have thought? >> utes. >> utes as they say. >> these new notes come as duke energy announces some deals with amazon, google and microsoft to supply clean energy in response to growing demand for data centers. duke energy chair and ceo lynn good joins us. great to have you. i don't need to tell you, the street is obsessed with this notion of securing long-term e

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lexaria bioscience, transforming the future of glp-1 drug delivery.ey, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. >> announcer: now the answer to today's aflac trivia question. in what year was the nation's firstmemorial day. the answer, 1868, it was officially recognized as a federal holiday in 1971. >>> "squawk box," we are watching shares of gildon active wear, the entire board resigned effective immediately, this is quite the corporate soap opera they handed control to an eight-board nominees from activist brown and west. the move restored the former ceo glen chaminy to the company he founded. he was ousted by the board in december it is the second mass resignation that the board has -- board room has undergone. earlier this year, five directors stepped down as part of a board, quote, refreshment gildan is a supplier for major u.s. retailers and companies including amazon and target. so this sounds like another "as the world turns" over there. >>> the king

lexaria bioscience. investment opportunities oral delivery teare everywhere you turn.., we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. >>> buy now, pay later company klarna reportedly getting closer to going public in the just. a debut in the first quarter of next year is the likeliest pos possibility. the sweden-based klarna has set up a holding company based in the united kingdom. that move part of preparation so eventually they can take the company public. coming up next, breaking economic data. we'vgot ripre apl oducer prices. squawk news will be right back. the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you

lexaria bioscience. raising you was no bed of roses. are you getting me anything for mother's day?wers.com. oh my gosh! wow! gorgeous! i feel like royalty. thank you. 1-800-flowers.com. happy mother's day. happy mother's day! >>> welcome back, everybody. new data shows s cautious optimism this is all about the board survey for more on this, we bring in former fed vice chairman roger ferguson he is the chairman of the business council and conference board. he is a cnbc contributor roger, this is pretty different. this is the highest level of c, o optimism you have seen in two years? >> that is correct, but the other side is as you pointed out in the opening, cautious optimism, not wild enthusiasm. the other thing is their expectations for the next six months really are no major change i feel it seems things are moving sideways, not up and not down no great enthusiasm. >> there are concerns of recession which have faded drastically. >> concerns of the recession faded drastically, for sure. like everybody else, they move in the expectation of fewer rate cuts, if any they are reflectin

lexaria bioscience, transforming the future of glp-1 drug delivery. it's a beautiful...oo! >>> still to come, chairman glenn hubbard asking where's the emphasis on growth in this economy? we are going to speak with him next. "squawbo wl rhtack x"ilbeig bk. the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> check out shares of robinhood. company says it received a wowomen -- womens notice recommending enforcement action. robinhood says disappointed s.e.c. issued the notice represented to its crypto business. looking a the that stock off close to 4% now. keep our eyes on it. price of bitcoin as well si

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lexaria bioscience, transforming the future of glp-1 drug delivery. it's a beautiful... fly. e, wooooo! >>> welcome back, everybody. energy prices fell on fears of higher for longer rates would hurt future demand joining us is don stroybeck from goldman sachs. >> good morning. >> we know oil prices might struggle th a bit if prices are higher for longer. the higher rates would hurt the situation. what is the demand situation what is the supply situation like right now >> great on the demand side, i would state it as solid especially in england and u.s. we are seeing misses in china. it has to do with the relatively high oil prices compared to natural gas is natchinese trucks switching from oil to gas. last year, with the supply growth outside of opec is strong last year, the u.s. was surprising to the upupside this year is guyana. >> let's go back for a moment to the demand picture if you think the weakened demand is china switching to evs, that's something that sdticks around that is not a one-off. that is demand that's gone >> we are seeing switching from gasoline to e

lexaria bioscience, transforming the future of glp-1 drug delivery.love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> this week's retail earnings shook out with winners but also a few losers. aber comeby and dick's beating expectations while kohl's missed on revenue. shares of gap and youulta up. joining us is dana talsi. this is a really weird retail season. you see winners who are up 10, 20, even more percent, abercrombie & fitch up 20% and losers got punished by equal amounts to the downside. >> it is amazing. the stock reactions of companies going up 20% plus and downside like kohl's, down 25%. all over the place and think about the journey we've been on. december when powell said rates would be cut consumers took off. they're up over 20%, many of the names and had a year-end year over year increase from many consumer names you wouldn't have known from january through november that this is what happened