i don't know, do you like p paychex?know, i understand the long-term story. paychex has been payrola for people who have owned it. we're not even going to get to see 5% growth. we have a stock that's under 6% growth. it's not at a big discount in terms of valuation, and it's not that people don't want to hire out there. when you listen to management talk, they are just saying we can't find people to hire. so i don't know where that organic growth engine is going to be at best. what is it going to be flat at worse? we get softness in the labor markets, lower volumes. i would rather buy an index fund than paychex. >> i think that angle is interesting. there's a lot of reason why the labor market servicing areas might slow down. lee, thanks. we appreciate your time today. good to see you. >> thank you. >>> still to come, apple yesterday, microsoft today. the eu charging another tech giant with anti-trust violations. this time related to the bundling of other products. we remember the bundling issues microsoft faced in the p

the paychex quarter was kind of in the middle of the range, yeah?yeah. >> guidance, little bit above the midpoint. >> well, i mean, this has to be the first time that the stock isn't down four after they report, and then they have to come on "mad money," and we have to take the stock. look, remember, this is small and medium-sized business and that's been a very good sweet spot of the economy. it was a good number. you know, this is one that -- it's not a light company. versus, say, automatic processing. people love adp. it doesn't matter what happens. adp, they take the stock up. but i think paychex is undervalued. >> interesting print if you look at chipotle today. your eyes do not deceive you at $63. >> this is really important. chipotle is what i'm talking about. initially, people get excited. the stock was up 60 cents in premarket. the whole morning, was up 60, 70 cents, but what i'm telling you is that when you get 50 shares -- you're going to sell ten of them. and that's okay. you have a churning process. did we not have a churning process in

get new home sales this morning and we're watching for earnings from micron, general mills, and pay paychexooking up. the dow would open about 25 points low eer. the nasdaq and s&p firmly in the green. for more let's bring in gren branch, founder and managing partner at branch global capital vuzers, cnbc contributor, and notable friend of the show. good to have you back. >> good to be here, frank. >> how is the day shaping up. what's your w.e.x. word of the day? >> my word of the day is buy fur indicated. my personal view has become buy fur indicated in what i think will play out in the short term versus the longer term. in the short term i've had to temper some of my bearish posture just because the catalysts i thought would be catalysts didn't play out in the market. long term, remain bearish and we'll get into the reasons, i'm sure. also the market is buy fur indicated. when we're seeing the tech leadership like yesterday, i expect that to continue. as as we enter the cycle, frank, i think the investors will start to concentrate on the companies putting up 20% earnings growth even as the

would make a difference when i reflect on my days in thehing as a profession i do not think about paychex about the things that get in the way of teachers are told they must know the why behind every decis make in the classroom. if we expect a higher pay to improve student outcomes, if that is the why i will be pay does not ease the burden we place on teachers or add hours to the day the problem we seldom discuss is thating too hard for mere mortals teaching is the easiest to do badly it is the hardest job to doell. make no mistake america's teachers mostly for millions of men and women who do it full time str excel. visit a struggling school you will meerying hard but failing. i would like to focus on some of the factors failures. the factors that lead to teacher frustrationer pay will not change. deteriorating classroom conditions shoddy curriculum, the quasi- therapeutic roles teachers are now expected to play ino the core academic roles. bluntly we are asking teachers to do too many things for them to do any of them that u.s. already spent significantly more per student than the achie

>> i mean, groceries, daycare car insurance, life is expensive and paychex, they're still just catchingp from three years of high inflation. is there any reason why? hey, it's happening right now? >> well, yeah, see, you pay is influenced very much by how the stock market is doing. and last year was a gangbuster year for the stock market and see you pay. it's not really driven by their salary or their perks, although the perks are pretty sweet, that's what i hear it's really the stock awards and this study found that stuff records were up by 11% year over year to nine 9.4 million. and when we look at the list of the highest paid ceos in the s&p 501 name stands above all of them. and that's hoc tan. he is the ceo of tech giant broadcom. he raked in 100 and 62 million in total pay. almost all of that came in stock awards. and this was after broadcom stock almost doubled last year, that amounts to more than 500 times the median employee pay. other notable ceos topping to pay charts include apple ceo tim cook, and netflix ceo ted surrenders and listen with the stock market near record highs

one of the reasons why people use adp, why they use paychex, because they want to immunize themselvesbecause therefore it's vetted. i think that that's a very good point, that wages would go up, and that's an unintended consequence, but i think that, to make -- that's so many leaps forward that i'm -- i feel like there are i am pro-trump. i am just saying, this is what's going to happen. i'm not pro-trump, not pro-biden. i'm pro helping people make money, and if i want to help people make money, to say that you should go buy lng is to say, no, if you believe that trump wins, then you should do this, because i don't want to ever say, look, this is what i would go buy. >> right. >> it's too risky. i can't hurt people. >> there's going to be a lot of twists and turns, not just here, but we got our first round of snap polls in france on sunday where le pen's lead continues to widen. >> look, i mean, if you're a nationalist, it's very interesting. i mean, it's nationalism versus price, by the way. apple cuts price. they get sales. so, price trumps nationalism when it comes to china. that j

we're going to get new unemployment data from small businesses from paychex. >>> later, we will havehe just returned from ukraine. "squawk box" will be right back. at enterprise mobility, our experts always see another road. because with the right mobility solutions, the path to success is shorter than you think. (♪♪) new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. if your business needs a new application then developers will have to write code. a lot of code. if an application needs to be modernized then you'll need time, resources... and caffeine. if this sounds daunting then use watsonx code assistant ai designed to multiply developer productivity so you can generate code quickly. let's create a more modern foundation for business, with watsonx code assistant. ibm. let's create. >>> small business job growth is stable and growing at a moderate pace, and wages, though,