>> well, i think you've seen some real movement with the macao facing stocks, las vegas sands, but theyed that in. that's why you see jefferies down grading from a buy to a hold with wynn with the dividend got reinstated, that's a big deal. even if the share price isn't coming through you're earning something if you hold it >> what are you hearing from the industry about china, and the alleged recovery yes, they've had a reopening, but not as robust as we expected it to be are you hearing anything >> macao has been more robust than expectations. here is my sense talking to people who know macao and followed the progress here we saw las vegas completely insulated so when other things were slow to recover, las vegas just boomed. people were sick of being locked up we were locked up, what, a few months, maybe a year look at china and how long they've been under lock and key, and so the minute those borders get opened, the pent-up demand is there and fueling whatever else is at stake in terms of the chinese economy. if you've saved money, you're willing to spend it now. that's what they're

jeffries downgrading las vegas sands and wynn from a hold to a buy, saying the macao recovery is well by the market. upside remanes, but recommended owning without adding. is that where you think we are, tim? >> it's similar to what i've been doing i've been long vegas sands for a year i was early, and it's been good to be patient, especially with the recovery in macao. when i hear owning without adding, that sounds like someone that's selling calls so, it's almost like this was my report and i kind of buy it they identify the things that i think are still the reasons to hold it, which is, we're still early in macao their singapore business is crushing it, and i think the valuation is cheap >> do you have to be a believer in the chinese recovery, guy, which has shown signs of sputtering in order to be a u et cetera >> i think so a certain extent, absolutely they are talking about building another airport in las vegas due to the amount of traffic there's a vegas story that i don't think people fully -- at leastcomprehend, but take into consideration, i should say i understand why peopl

well, this is my conviction in the china reopening play 40% of their total revenues are in macao 60% are singapore. this is not a casino u.s. play this is the asia markets that i think are poised to recover. and why i chose las vegas sands is because i think even though the stock had a nice run and they had a great quarter, in their quarter they beat they beat revenues yet 31% of hotels were out of service 27% -- only had 27% of capacity and 39% of airport volumes my point being things are still depressed over there, and i think you will see upside as a result going forward >> you probably heard the bell, savers is open if we could see the chart so i can see what it's doing right now, please. steph, i will come back to you but i want to see where it's opened >> sure. >> a nice move off the open up 36%. the first of three today the great thaw of the ipos continue steph, forgive me. continue with las vegas sands, why you did this a pure china play, it would seem >> the first quarter was better than expected, as i mentioned, but their color men tear about march is interesting to me visi

accordingly, thailand, hong kong , china and turkmenistan in the group indonesia, macao , afghanistan and saudi arabia in the group mongolia , nepal, south korea and vietnam in the group. group d of tajikistan india, palestine and myanmar in group bahrain, kuwait, brunei darussalam and east timor in fc uzbekistan, cambodia, malaysia and iraq in group and chinese taipei, japan and australia in group a of the qualifying stage of the asian nations cup will compete against each other according to the schedule announced by iran's national futsal team. on the 15th day of mehr, he will face the maldives in his first match, then on the 17th and 19th of mehr respectively , he will host the group c games tomorrow . playing football is not a new thing , and maybe there are players who have fame or even money in football . they are facing the edges of b the end that a professional football player has done will take away the smoke from saghar to their own eyes . some, like mujahid khadhiravi, have become non-football fans, and some of them, like payam sadeghian , entered the world of betting, a ta

not 100% certain i feel pretty good from what we're haeg, gross gaming revenue, statistics to macao.tly there's been concern in these stocks about covid infections picking up in china that is highly likely to be temporary. to the extent this analyst is saying macao is priced in, i would say they are priced in to the downside what's not priced in is how strong las vegas is still continuing to go, rev par, convention attendance, daily visitor statistics show las vegas is going through the roof. wy nrchltn's last earnings report blew it out of the water, issuing a dividend, buying back shares i think 30% higher >> rio tinto upgraded to buy what do you think? >> we talked about it weeks ago when it was upgraded by morgan stanley. nice to see analysts piling on here you have a low cost iron ore and aluminum producer. 8% cash free load. there's endless, eternal demand for iron ore and for building. it's in our international portfolio. it 's night to get out of the u.s. >> i think this has the potential to be one of the best stocks in the world over the next ten years, and almost nobody kno

in other games today, the philippines will face macao from group 1 and uzbekistan from group 4.competition, 11 teams will compete against each other in four matches. the first and second teams from each group advance to the next round the national team of our country's women's saber fencing team failed to win a medal in the asian championship, and in the saber weapons of the manufacturers' association, kiana bagherzadeh was in the sixteenth round and faeze rafiei was in the 132nd stage . he did not advance from the group stage . this competition was hosted and is being held by zonken. the selection camp of the german women's national skating team was held in isfahan with the presence of 10 players. the city of isfahan hosted the selection camp of the national alpine skating team. we will evaluate the process from a technical and technical point of view and we will choose the best and i hope that the best result will be achieved in the world championship. eshgh dost ebrahimi chaladi ahmadi eskandari karamzadeh zahra and ghazal sadeghi quaidi zarei and foroughi in the stadium they

. >> this is macao gaming. >> the macao reopening -- well -- >> nothing else is working >> no, it doesn'tto be all the talk about china is what new stimulus they can figure out to sort of -- >> they cut rates that don't matter anymore this is a bad day. nvidia's down seven. >> nvidia -- >> what's that about >> i don't know, jim sometimes stocks -- even nvidia goes down. >> have you ever seen the show, "camelot?" doesn't ever snow there. but snowflake is up just slightly off the jensen fireside chat that's coming >> well, adobe, which took a spill, bmo goes to outperform on an a.i. theme. >> i thought was a a good piece because adobe went to $518 and then back to $485 so you've got the benefit of a good quarter. but a lot of the stocks look like the chart of this one, which is you just can't imagine coming in now. i mean, you're not early to adobe. do you agree have you -- what have you been using for chatgpt? when you input it? >> i just go to ai.chat. i'm just using the last one. i haven't even signed up for 4 and paid my 20 bucks a month >> i want ten questions for farley, and i can tel

. >> wynn resorts, i told you about las vegas and steph told you about macao. >> with the las vegas sands buy. >> home depot, the under performance versus the home builders has been striking. >> another new buy i'll see you on "closing bell. dow is 257 "the exchange" is now. >>> thanks welcome to "the exchange." i'm kelly evans. here's what's ahead today. the ipo market definitely opening back up but is the hype overdone savers value struggling to hold its opening price. our guests are split on what this means for the broader market we'll debate and look at how to position meet the new bed, bath and beyond, it's overstock.com which bought the digital assets and changing the name of its website to make that known the overstock joins us live with his strategy >> consumers may have $400 those spend each month once student loan payments resume >>> first, let's get the latest on the markets and noticed the nasdaq is lagging. >> it is and that technology is losing some of the steam, artificial intelligence may be losing a little bit of steam i'm going to tell you why in a second sentiment is a

it is jefferies downgrading lvs and wynn they call the macao recovery the new normal and while it remainsse dynamics relatively well understood by the market and approximately priced in. down about 1.5%. the dow creeping with the flat line briefly went positive we'll be back in a short minute. meets bold new thinking. ♪♪ at 87 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. if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. so if you're on medicare, or soon to be, consider this. an aarp medicare supplement insurance plan from unitedhealthcare. medicare alone doesn't pay for everything. and what it doesn't pay for, like deductibles and copays, could add up to thousands of dollars. medicare supplement plans help by paying some of what medicare doesn't... and making your out-of-pocket costs a lot more predictable. call unitedhealthcare now and ask for your free decision guide. medic