all of the analystsand -- analysts and oems reconfirmed this, it is a structurally larger market andsh rates, the essential role that it plays for work, learn, and play, we see the pc market as a larger market. we are way over due on a commercial refresh, windows 11, kino products from intel. i would say 350 million, about one million pcs per day, everybody is in a tight range around that. i would say we have better visibility. we know our product bills and many components like wi-fi, bluetooth are made by intel. now our position in graphics is strong as well. all of these together, we have great insight into what that looks like, brakes alignment with our customers, our oems as the other ecosystem partners so we feel good. it is about flat market year on year and we are confident we will be able to execute, gain share in the market as we did the last quarters of last year. overall, we feel good about our business outlook. emily: you have been leading the charge in getting governments to commit to health in bringing to production back to the united states whether it is governments in

all of the analysts, oems, this was reaffirmed on the mic of soft -- microsoft earnings call.tial role that it plays in work, learn and play, we see the pc market as a larger market. we already emphasized we are overdue on a commercial refresh, windows 11, p new products like alder lake and raptor lake from intel. and about one million pcs today, everybody is in a tight range. we have better visibility. we know our product builds, many components like wi-fi, bluetooth are made by intel. now our position in graphics is strong as well so all of this together, we have great insight into what that looks like. great alignment with our customers, oems as well as the system partners and we feel good and is about flat market your own here. -- year on year. we are confident we will be able to execute the share in that market as we did last year or so we feel good about our outlook. emily: intel ceo pat gelsinger. and the light at the end of the tunnel for employees. salesforce will let its employees break and da's to report workplace violations going forward in the future. talking abou

there's a huge move in north america by oem's and other folks in supply chain for direct interactionl to make sure that there's going to be stable supply and i think there's a large part of the investment community which really likes that approach first perhaps global one with more flisk other markets, just different fundamentals >> right jonathan, great to see you thank you. hope you'll come back. jonathan evans of lithium a americas jeff mills that's not many pure play ways, another publicly traded stock is altomare but that's a small part of the business, would you go with lac which hasn't produced an ounce of lithium from its mines yet. >> i do think they have a geographic advantage against alb, no chile or china exposure. i like that they have massive revenues tied to production, just a matter of whether they can get the production out of the ground up the stock could easily fall 25% to october break out level. be wear. size it appropriately. >> coming up, traders are gearing up for big bank earnings, one chart that tells the true story that's next when "fast money" is back in t

oems that have already selected qualcomm, i think there's a lot of opportunity for us and it's going to be a big business and $13 billion of contracted backlog is not small >> i know we're in a quiet period so you can't talk directly about the numbers but a lot of people have been saying maybe this 5g cycle really isn't so special maybe it's not going to mean that much. now, no one knows 5g better than you, sir is that true >> okay, so let me tell you, let me answer your question and say what are investors not getting right about qualcomm we're more -- we're more than a c comes company. we're about providing connected processors in in addition to what we do with handsets, the different certification is working, but handsets is also very good. here's what investors are making the wrong comparison they look at what happened in 3g and 4g and say look, 5g cycle may be completed and it's going to slow it down. look what's happened at qualcomm today. i'll give you some math. android is 85% of the global handsets our fiscal '21 revenue were 40% higher in revenue than our highest competitor

it or iron our gate and st. cockpit we were here, lionel's in rel, oem thus cockpit mit lofts of us on the tube was necessary to prevent hose m. i from suffocating its speed. and another photo is of interest. a section of the body on the road. the picture was taken by a reporter from italy and shows part of the under body and some odd looking triangular openings. they were evidently air vows. they could be operated from the cockpit embark to empties and also when did. and when his loft, he had this outlet for the streaming and at the front. and they told him that if it got too intense and at the speed it was like a storm. then he could step on this lever, what kinds of off please no dentist or go or my number or not? i think he did that, which disrupted the lower error dynamic, because the air was suddenly being redirected underneath the von, when the loose or british construct bill than him, the car takes off. but no air breath, you're stir, mammal. my understood all li airflow is disrupted at those speeds. at junk is 52 plain see talk about it took off at just 120 with all that weigh

oem out there, and they're at half the margins of that of -- operating margins, too, of tesla. surprising people. and i think they're getting surprised because they're looking at it quite frankly the wrong way. >> so what does this do for valuation? especially with the margins like this and the profitability surprising in a good way >> there's no question that the macro is going to be under pressure, and so relatively speaking, we're going to see what mike was just talking about in terms of these fits and starts with the market i think when you look at it from a category killer perspective, and this we have to bring in a little history if we go back to 1908, we look at ford. 9.8% market share. by 1914, they had 50% market share. so the question then becomes, when you look at an apple, you look at amazon, what do you pay for a category killer in this, and that becomes less of a science and more of an art right now, we have a 35 times ebitda by any means, that's going to be argued that's expensive. when you look at what they're posting and how they're really changing this categor

she had connected to the cocked it or iron against cockpit 3 were here. lionel's in ren oem, thus cockpit middle off to was on the tube was necessary to prevent hosemeier from suffocating its speed. and another photo is of interest. a section of the body on the road. the picture was taken by a reporter from italy and shows part of the under body and some odd looking triangular openings. they were evidently air vows. they could be operated from the cockpit. involved to in these and also when did and when his love, he had this outlet for the streaming and at the front when they told him that if it got too intense and at the speed it was like a storm. then he could step on this lever, what kinds of all 3 done his or so, or my number or not? i think he did that, which disrupted the lower error dynamic, because the air was suddenly being redirected underneath. the von, when did lucian press ish. step bill than him, the car takes off the off with everything you're stir, memo my understood all li airflow is disrupted at those speeds at junk is $52.00 plain. see talk about it. took off at just $1

we're here, lionel's in rel, oem thus cockpit mit loft. so for long the tube was necessary to prevent hose. am i from suffocating its speed? and another photo is of interest. a section of the body on the road. the picture was taken by a reporter from italy and shows part of the under body and some odd looking triangular openings. they were evidently air vows. they could be operated from the cockpit embark to empties and also when did. and when his loft, he had this outlet for the streaming and at the front. and they told him that if it got too intense and at the speed it was like a storm. then he could step on this lever, what kinds of off please no dentist or so on my number. no, i think he did that which disrupted the lower error dynamic because the air was suddenly being redirected underneath. the von, when the last storm presses costello bill than the car takes off the off, there's no air breath you're stir memo. marianna says, all li airflow is disrupted at those speeds. at junk is $52.00 plain sea stock and took off at just $120.00 w

another she had connected to the cockpit or an iron or gate and scorpion, 3 were here, lionel's in ren oem, thus cockpit mit loft. so for long the tube was necessary to prevent hosemeier from suffocating its speed. and another photo is of interest. a section of the body on the road. the picture was taken by a reporter from italy and shows part of the under body and some odd looking triangular openings. they were evidently air vows. they could be operated from the cockpit. bombard had to induce him, also, one didn't want his loft to earn. he had this outlet for the air streaming in at the front. and they told him that if it got too intense and at the speed it was like a storm. then he could step on this lever, but cancelled all cleared nor done his ho go or my number or not. i think he did that, which disrupted the lower aerodynamics in our because the air was suddenly being redirected underneath. upper lud von release. aloof storm. own it presses gaster up, bill, i don't have the car takes off. there's no ever you're stir mabel marianna song, lea airflow is disrupted at those speeds. at ju

vehice acce accessible. >> andrew, it puts hertz in a different position than it was before the way oem's it's not just an opportunity for people to test electric vehicles, but it opens us up to serve uber, where a fleet of vehicles can be deployed in that segment. it serves our ability to serve a corporate segment who have their own esg obligations and objectives and can, therefore, put their employees in electric vehicles the whole mix around it has changed and hurt polestar is now in a position to sort of feed that. >> speak to what you just described in terms of an uber contrast what kind of investment is it going to take in not just the vehicles themselves but in the network. >> yeah. there's a lot there. >> the charging network. >> yeah, yeah, for sure. first, on uber and the fleet, you know, we think that we can offer and uber agrees a price point on a rental of an electric vehicle that puts a driver in a car that i think the consumer wants. they want to be in an electric vehicle. they want consistency of product where hertz can maintain clean and put that sleek out on the street i

so i think all three of those oems are really getting their act together and the one a bit of a darkears, but they have a reputation for staying very quiet and then making a big splash in the marketplace. and i think they will over the next number of years >> so when you look at a pie chart and you look at where tesla is today, and when i look at that pie chart i'm saying not just market for evs. i'm saying market for autos writ large, what do you think that pie chart looks like five years from now >> you know, i think when you look at an industry, the industry is going to continue to grow as we get through these supply chain issues. the global industry is going to continue to grow so i think what you're going to see is obviously you're going to see tesla continue to gain market share given the -- the, you know, increase of evs and their brand. that being said i don't think it's going to change too much. i think tesla will get a little bit of bigger piece of the pie, but i think the established oems as i said are really getting their act together and i think the thing for tesla that

it has become the platform of choice for all oem to build their phones. back to your question, when we sell a snapdragon into a galaxy x 22 from a revenue and earnings standpoint, it is probably equivalent of selling modems to five iphones. it is a great trade. especially when you look at the decision made by samsung as a result over the strategy of being very focused and snapdragon winning in all categories, the best -- fastest ai. with graphics and cpu performance, that is driving a shift from 40% to 75%. we are 40%, now 75% less. emily: you have been optimistic about supply chain issues easing over the end of the year. here's what tim cook told me about supply. that we did experience supply constraints, but they were significantly lower than the december quarter and they were all silicone shortage related to the chip issue that affected us on several of our products. i didn't get a lot of color on supply issues in the current quarter, but how would you square that with what you are seeing? >> it is very consistent with what he said. in this year, we ex

they extend and keeps going the next few weeks into early may, it will have a deeper impact on the oemthey sell windows licenses to other computer makers and surface and x box business we all know x box already is supply constrained the last 18 months or so it got me thinking, we are a day ahead of apple earnings, with greater exposure to china, not to mention companies like sonos, hp and so forth. it will be interesting going into earnings for these companies, their outlook for the quarter. >> at the same time, apple has more exposure, also have more influence and control. bigger companies like apple and amazon better able to plan supply chains during the pandemic should we expect that to continue >> that's right. we keep saying it over and over. tim cook is the supply chain genius, probably has ways to protect against shutdowns. some of the places devices are built have an exemption to still continue production outside of lockdown jon? >> we'll be watching it. steve, thanks. >>> service now ceo joins us on the show tomorrow. bill mcdermott tech check is back in just a moment municipa

. >> you know, i think most of the traditional oems didn't take tesla serious. they thought it was a glorified go-kart, and i think that, you know, elon has changed that calculation. and there's -- i think what we're seeing is the attempt to play catch-up by most of the traditional, and i don't want to discount their efforts. i mean, i think ford is certainly doing a great job in terms of rethinking what we need in a pickup truck, not to mention gm or vw with their, with porsche and audi. so i do think you're going to see a lot more effort, and what we're seeing is a faster acceleration from internal combustible engine vehicles other to evs, and i think that's only going to accelerate. liz: yeah. i mean, the minute they come out with a sub-25,000 or sub-27,000 car, that's it. i mean, you will see a lot more adoption there. jed, good to see you. thank you very much. >> thanks for having me. liz: sure. down about 2.25 percent right now. >>> all right, we know we're in a housing boom. we've been talking about that for more than two years, but is it about to go bust

but you're seeing that factor into some of the pc names and also some of the handset oems as well when see less impact, may be the semicap equipment side but really demand can be robust. we think part of the equation and they need to focus more. >> let me end it with names i'm more familiar with a couple of struggling stocks. but to you here, you think in some ways, the clouds may be parting at least on their supply chain troubles >> i think going to the second half is supply chain stock demand, especially covid lockdowns in china should start to improve and so, that plays very well because less constraints to moderate and they start to come back to normal tlal drives a much better outlook. a shutdown in shanghai >> at least they won't have it as an excuse anymore let's put it that way. >>> coming up, the health care divide is bio tech verses big pharma the stocks that have fallen out of favor and those holding up amid all the volatility. you're looking at one of the winners here we'll reveal the name ahead. >>> and mortgage rates spike mtgre have the shocking figures onorage rate appl

characteristic, and literally everybody has aligned around this 350 million unit outlook the analysts, the oems, there's a narrowing of the range. >> let's zoom out and check in on the strategy, specifically when it comes to design and process technology you said on the call that you remain on and in some places ahead of schedule to deliver five nodes in four years, which is way accelerated from what intel has typically done where does, though, that road map fit in with the constraints that we see on fab equipment, and, you know, the continuing logistical difficulties that we talk about, are you as confident that you will have the equipment to deliver the results of those five process nodes in four years? >> yeah, thanks, jon five nodes, four years, first was intel 7, with ouralder lake product, that one's done 52 million units in q1 intel 4, our meteor lake product, looking very good i keep getting hello worlds coming from meteor lack systems across the country they want the ceo to know. and we have our first test chips non intel 3, and granite rapids products, we have just taped that in. so w

the oem's are coming after them big time in ev, so i don't think they are cheap enough yet especially if we consider the macro back drop. liz: meta down 4.6% right now, eric a quick thought as we leave what do you anticipate is going to happen during the summer months? is this going to be a sell in may and go away type situation? >> i think there will be some downside risk heading to the early part of summer, liz. we do think that markets tend to overreact and some of the fundamental underpinnings that we think are still out there in terms of at some point global growth will resume, so we get involved. we think that overselling if we saw it down 10% type of number which is certainly possible that's likely an opportunity for us to get more aggressive but again, we can be patient here. liz: patience, not a virtue that a lot of investors have but they should which is exactly what warren buffett always says. eric, tom, great to have you thank you very much. we're nine minutes past the hour , 51 minutes before the closing bell rings, fox business alert when the second- biggest global oil p

>> finally, toni, when you think about future sources of competition, we talked a bit about legacy oemsnd what they might put together or what apple might do or what power is behind amazon rivian or google. are you surprised we haven't heard more of an aggressive push at least qualitatively from those players? and if -- among them, who do you think will be the most vocal in the quarters to come >> yeah. you know, apple has always been very guarded about talking about anything and the time frame for their entry is probably several years from now so we don't expect apple to comment at all i think amazon is ultimately thinking about and experimenting with electric vehicles as a transportation vehicle it's unclear if they will ultimately participate directly. but, you know, there are other technology companies that have expressed interest obviously google with wamo who i think will be much more vocal over time and is starting to build partnerships with vendors. you have some of the chinese vendors who also making investments. so we'll see more. but i think your point, carl, is this -- the a

most of those are being introduced by the incumbent oem partners in that we're honored to be fran cheeseeshisees of, so we want to acknowledge our manufacturer partners for their persistent and -- persistence and trying to resolve the chip supply shortage and the creativity like you mentioned with audi, and again, we want to take our hat off to them for their bold investment and development around evs. i will tell you that i think in the end the consumer's going to determine how quickly evs are adopted. because at the end of the day, they're going to be the winners. at berkshire hathaway automotives we don't care if they're evs, hybrids, ice engines, we love selling cars and trucks. we want to give them a great customer experience. at the end of the day, the consumer's the one in the driver's seat here. liz: can you tell this guy's in the auto dealership business? great to see you. >> hope you have a terrific weekend. liz: thank you, you too. berkshire automotive. yeah, it's always fun to see the geico gecko right there. look at the dow jones trillion industrials, down 746 points, very clo

indication that things were slowing down this quarter, first quarter he had higher shipments to the auto oemsovid began so he's seeing the puick up in autos right now. as soon as they can produce cars, the demand is there, he's just not seeing any demand slowdown >> not yet, but we spent the entire part of the first block talking about what the fed's trying to do to demand and it's going to take a while. >> it's a completely legitimate point, scott however, the facts are these the fed has raised 25 basis points so far. they will raise, it looks like 50 basis points in may and for me, i said this to you yesterday, let's take a look at the two ppi and cpi reports that come out between now and the june 15th report i'll make my judgment about what the fed will do based on those reports. i'm not going to telegraph it now because i don't know >> okay. all right. steve weiss, you've made the argument that -- that this stock in your words from the debate we had in overtime about a month ago that it's not a growth company. jim made the exact opposite argument so not for the sake of arguing with jim, b

we have worked with all of our agencies, the fdny, nypd, oem, all nof agencies who have worked really hard together and we continue to throw all of the city's resources at this situation. we've made all of the resources available and we'll work with the office of emergency management for any additional needs. i'm going to ask the police commissioner, to speak to you and give you an update on the events of today. >> good afternoon. we're going to update you on the shooting on the n-line. i want to begin by assuring the public there are no known explosive devices on the subway trains and this is not being investigated as an act of terrorism at this time. we can also repart that, although this was a violent incident, reportedly we have no one with life-threatening injuries as a result of the case. this is only hours old, so, please note this information is subject to change. as a man han hatten bound n-train waited to enter the station, an individual dawned what appeared to be a gas mask, he took a canister out of his bag and opened it. the train at that time began to fill with smoke. he

so much of the news and information at that time whether it was on newsmax or oem, politicians sort of stoking these differences and stoking this misinformation and disinformation. that led to the attack on the capital in the same way that disinformation led to the incarceration of 120,000 japanese americans. and because of events like ik what happened in 1942 people ask me do you think that this could happen again?could the united states so callously do this again to its own citizens nand when i first started working on this book i wouldsay of course not . but unfortunately a lot has changed over the last six years and i thought about this a lot lin talks like this and sortof by myself at night or just walking around . and you know, we have governments erwho are stripping voterrights from american citizens . asian hate crimes have climbed by 73 percent. looks are being abandoned. facebook threads and means and i think people ask is it happening, i hope not. i hope this would never happen again but it's up to all of us to ensure this doesn't happen again. we need to learn these tough h

we have worked with all of our agencies, the fdny, nypd, oem, all of the agencies who have worked really hard together, and we continue to throw all of the cities city's resources at this situation. we've made all of the resources available, and we'll work with the office of emergency management for any additional news. the -- i'm going to ask the police commissioner, keyshon soul to speak and give an update on the events of today. >> good afternoon. we're going to update new yorkers about an active shooter incident that took place this morning inside the 36th street subway station on the "n" line. i want to begin by assuring the public that there are currently no known explosive devices on our subway trains, and this is not being investigated as an act of terrorism at this time. we can also report that although this was a violent incident, reportedly, we have no one with life-threatening injuries as a result of this case. this investigation is only hours old, so please note this information is subject to change. just before 8:24 this morning, as the manhattan-bound "n" train waited to e

that will be delivered to our two auto oem partners bmw and ford so we're kicking off the formal automotivecture investments that we're making as we speak but where i look at this potential investment from the federal government is really the next generation and the next, next generation because we will, again, be scaling next year and beyond this is where we can really leverage some of these investments from the federal sector. >> all right doug campbell, the ceo of solid power. thanks for joining us. shares are up about almost 9%. >> thank you so much. >>> david? >> yeah. interesting move we have going on right now, morgan some of the old fang names i don't know if we can call that anymore, facebook is now meta. those shares up over 3.5%. apple up 1.7%. netflix also up as you see right there 3.5% so, nice move. nice bit of a rally there so far this morning the nasdaq comp overall up about 1.2% >> yeah. the dow is lower, slightly lower right now, but well off the lows of the morning it's only down about 40 points middling just below the flat line the s&p is slightly higher, 45.60. the unde

we understand there is substantial variation between oems as well as variation of capability within some lame -- some automakers. while it is true that many modern vehicles have conductivity capability that may allow them to be located, it is not universally the case but second, law enforcement verification, the importance of verifying that a request for vehicle location information from law enforcement is in fact legitimate, related to inactive carjacking. third, exigent circumstances verification. appropriate consideration must be afforded to defining an -- an exigent. does it only apply when a vehicle is taken by force? is it only when a driver or passenger is in danger? we should have a process to certify that there are exigent circumstances which make it practical to receive consent of the vehicle owner or a court order. fourth, exposure to liability. the sharing of real-time location information with law enforcement is a sensitive topic and may expose an automaker to liability and thus should be taken into account when evaluating solutions. the auto industry is committed to remaini

obviously general motors but all of our originally oems as well we have seen interest rates around 8had in the past, so there's a lot of stability in terms of demand and disposable income plus, we're coming off the pandemic, and i think people didn't spend a lot of money, but the demand is there. you're seeing a little bit of that pricing power here that's remaining, but, you know, we've got to keep our powder dry in structural cost and break even points and that's what we're doing. >> mark royce, president and general motors, they announced, they're make aning an electric . guys, back to you. >> phil, thank you for that. very cool. very cool news . >>> when we return, what to watch in the markets ahead of the opening bell on wa seelltrt. and twitter and musk, you're watching "squawk box" on cnbc. or is it a feeling? a freedom, to live our lives the way we intended. through the ups. the downs. all of it. this is financial security. from long term care planning, to annuities and life insurance, lincoln helps you plan, protect, and retire. this is lincoln financial. my son romeo has so

at oem the workers and the environmentalist try to get to the next generation that's what we are all talking about right now. we need to make this transformational shift to electrify the -- and our dependence on foreign energy sources while we are creating good paying american jobs and increasingpo the clean energy supply chamber the fact of the matter is this is an economic and national security issue. i've heard each of you point to an thank you tour this. i've heard each of you pointed complex commodity market. the way you talk about your business it's as if you have no control over anything and helping these participants in the globalom market read your price.n affects the barrel. is it sheer that your product price is aimed at the customer for the cost of axle -- the price of oil is high and the price of gas at the pump is high correct? i will quickly go down the line just yes or no. mr. lawler? >> yes. >> just a yes or no please. mr. wirth? >> yes. >> mr. muncrief? >> yes. >> mr. woods? >> yes. >> mr. sheffield? >> yes. >> ms. watkins? >> yes. looking back at this chart the sam

the oems, the workers and environmentalists to try to get to the next generation. that's what we're all talking about like this. we need to make this transformational shift to electrifying the transportation sector to reduce carbon emissions and our dependence on foreign energy sources while creating good-paying american jobs and strengthening clean energy supply chains. the fact of the matter is this is an economic and national security issue. i've heard each of you today point to, thank you to our witnesses, but i've heard each of you today point to the complex global commodity market or describe your company simply as price takers. the way you talk about your business it's as if you have no control over anything and that you're just helpless participants in the global market. but i'm not sure that's true. your decisions on whether to increase, sustain or decrease production affect the price per barrel. but isn't it true that your product is the majority of the price that someone is paying, that the customer is paying for the cost of gasoline? so if the price of