let's close with medtronic and why this stock of all stocks jumps out as the kind of defensive growth name people should look at right now >> it's the kind of company where you can still see high single low double digit earnings growth and obviously look, we're living in a world where people are living longer. it's a great thing and when you look at the demographics of our society, we have to deal with an aging population and medtronic, they are just a med-tech giant one of the biggest ones out there. lots of focus on heart valves and things like that they are there to make sure we can all enjoy our lives for as long as possible and remain as healthy as possible. >> this is getting too grim. we have to leave it there as we ponder mortality thank you very much for both macro and micro thoughts we appreciate it >> thank you >>> coming up, my next guest says the housing market is in the beginning of a downturn. he joins me next to make his case as mortgage rates close in on 5%. >>> there is a billionaire tax battle on capitol hill with the white house proposing a new tax on high income h

we have the ceo of medtronic with us today.facturer told the president that he needs chips to continue to innovate. having said that, you're right we are extremely focused on, we have a game plan we're prepared if russia decides, for example, to deny us palladium or uranium we're prepared for that and there are shortages in other inputs to electric vehicles. the president, i'm on the, a co-chair of the president's supply chain task force and we are mapping across the supply chain to figure out where we have vulnerabilities and then we want to make more of these products in the united states of america. i think we've learned it's not just about going to the lowest cost country it's about having a resilient supply chain and that means making more of these things in america. >> it will take time meantime with all the supply shortages and issues and the war, we are expecting another very hot read tomorrow on inflation. get a cpi report not even factoring in everything that's happened in the last week or so. how long do you expect t