liz suzuki, we appreciate your time today >> thank you >>> still to come, the ai wheel keeps on turningary keeps on burning. sam altman telling "squawk box" earlier today that open ai welcomes regulation, saying their mission is to build these advance systems and deploy them into society with maximum benefit. apple telling cnbc that ai is huge, but it is important to monitor. we'll discuss more about that growing area in today's working lunch. lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. ♪ imagine, a car that goes as far as it does fast. as sleek as it is spacious. as smart as it is beautiful. introducing lucid air. experience the best. ♪ ♪ >>> artificial intelligenc

liz suzuki joins us now. >> good morning, frank. >> is the softness of the housing market going to weighto the quarter should be kept low. if we think about the pressures that were on the home improvement sector this quarter and unfavorable weather, there was lower lumber prices and lower tax refunds. the combination of issues. you mentioned the street thinks sales is down 1.5% we think it will be worse. down 3% to 4%. we think things are getting better if we look at the data that we track and credit and debit card spending from march to april, we saw the year over year declines get better we think the comments from the company will sound optimistic about the trend coming out of the quarter. >> we mentioned you have a long-term bullish outlook for the stock. what is your rating and price target >> we have a rating of the stock of buy we think there is something up to $360 buy. we think this is a good opportunity. when you think about high quality retailers, home depot comes to mind. shareholder return is attractive this is a company that is still growing dividend and paying out that divi