jpmorgan downgraded masco. it faces a challenging environment.en, you like whirlpool for a very long time interesting that they've separated these two trades like that >> yes well, i don't know -- i don't know why it's so hated everyone thinks it's ugly. i think whirlpool is cute. i like it. there are a lot of things to like i think what it suffers from is pe multiple. peak auto, peak auto, gm just sat there. although the stock hasn't sat there, it's come in a little, rallied a lot last year. i think that we're in this peak washing machine kind of thing, but i don't think this is the peak in terms of they have pricing power. that was very apparent on the last earnings call, even with steel prices going higher, they had pricing power. one of the things this tease talked about, promotional activity on whirlpool brand. maintained their margin. also, in the last quarter they talked about increasing their share repurchase they were going to add another 2 billion. that's 17% of their flow all of those things together with a high i always come back to v

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we made money in the past with masco.e opportunity to make money before really earnings caught up to them i think you can be more selective it's not as eds as it was nine months ago. >> one stock hiding all-time high amid the selloff today. as we go to break, a collect on the major averages again where we have come well off the lows again if you weren't following early your, the dow down more than 500 points. down 220 cutting losses in half. nasdaq still down nearly triple digits s&p in the red by 3/4 or two-thirds of 1% s. everyone. gets. the deals. questions? got it. but, why did you use a permanent marker? because i want to make sure you remember. i am going to get a new whiteboard. it's not complicated. only at&t gives everyone our best deals on every smartphone. like the samsung galaxy s21 5g for free. ♪ ♪ ♪ ♪ ♪ ♪ hey google, turn up the heat. ♪ ♪ ♪ team usa is ready for the olympic games... ...and so is sharon! she got xfinity internet and mobile together... so she has the fastest wifi you can get at home... wow! ..

the east side union high school district superintendent in san jose says masco to be required for everyone on campus regardless of their vaccination status. well, class rooms and restrooms will also be clean on a more frequent basis hand sanitizer will be available in all common areas here. well, coming up on the kron 4 morning news voters feel which issues they think should be on. >> in california and why the states when water supply is among them. heartbreak. the first responder fighting the dixie fire watches his home go up in flames. what he did next was not a surprise to those who knew him. and after the break, small businesses in san francisco's. first chinatown are coming under legal fire for alleged compliance violations. how city leaders are showing their support. >> turning to our wildfire coverage. the dixie fire is now destroyed more than 60 buildings bar. more than 221,000 acres homeless and butte counties evacuation orders and warnings remain in place as the fires just now 23% contain. one of the buildings destroyed was the home of a firefighter who has been fighting fires in

rebound in the back half of '20 that would be whirlpool and mohawk while at the same time we downgraded masco to underweight. that's really more caught in the eye of the storm right now in terms of deceleration. excuse me. in terms of deceleration and having some tough comps, specifically with diy and paint as well. >> when you say the housing market has legs, this could go another two or three years, what are the biggest risks to that? we just talked about it. the talk of taper and mortgage backed security social security a part of that equation. if you start to see the feds start to unwind some of that -- if you do start to see rates begin to climb up, does that impact this entire investment thesis or no it doesn't matter, there's just not enough homes and it's a resilient trade >> so, the way we think about rates is that, you know, during the period of a sharp move up in rates, that will almost always cause a pause in activity. you know, what's interesting right now is that rate versus actually receded, as you were saying before, but, you know, with the 10-year at 1.3 and just a few weeks

brown: senator cortez masco is recognized for five minutes. sen. cortez masto: welcome back. are you confident that you have the tools that you need to address any type of inflation, whether it is transitory or for the future that we are looking at right now? chair powell: yes, i am. sen. cortez masto: thank you. in considering inflation, how should we compare costs to last summer, when prices were well below their current levels because of the pandemic? chair powell: in this. if your question, it is better to compare to prices where they were in february. if you look at inflation since then, that captures both the decrease and the increase, and you get much lower numbers if you do that. there were a lot of people doing that right now. so you get inflation in the mid-2%, which is still in our target, but that six-month inflation on an annualized basis is 2.5%, not 5%. reporter: thank you. ash sen. cortez masto: thank you. -- sen. cortez masto: thank you. for purposes of the rescue plan, is that the soul because you see with respect to the minimum increase in inflation? chair