maria: great to get insights on all of this thanks so much. >> pleasure as always. >> from piper sandler us is president biden time on 2024 ticket running out podcaster rogan believers his time is almost up before democrats turn him in for somebody else you are watching "mornings with maria" live fox business. ♪ ♪ . ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. go maria: welcome back, new this morning norfolk you you southern reaching agreement after last year's train derailment in ohio. lauren: 6 hundred million dollars that is the headline number the agreement in principal resolved class action lawsuit from claims in 20 mile radius of last year's site, in in -- compensation for rebuildinged local bids you can see the dip right there a couple

piper sandler research. thank you so much.right back with, stay with us. ♪ maria: welcome back. breaking news this morning, columbia university administrators closing campus entry points, limiting access indefinitely to student residents and essential workers. this after what happened overnight, columbia protesters took over hamilton hall, an academic hall at columbia, barricading themselves inside just hours after of the university suspended students who refused to leave. also a happening this morning, police breaking up anti-israel protest it is at unc-chapel hill. and then in texas at ut-austin, law enforcement dismantling a large encampment, arresting at least 43 protesters who ignored ore orders to disperse if. if school administrators promising discipline after students refuse to leave by monday. joining me now is guardian group ceo ray kelly. ray, oring thank you so much for being here. and i know you have studied anti-semitism quite a bit in your career. give us your reaction to all this. >> well, tease are the chicken

and piper sandler calls that a game-changer.could more than double here in the years ahead, to it's going to be pretty easy to increase sales. piper sandler upgraded the stock to overweight. don't you dare make a fat joke about that, jack. it says that shares could hit $20 from here. they were recently $15 and change, so some pretty good upside there. jack: i've seen krispy kremes on sale in a gas station between the vaping and the candy -- >> yeah. still take 'em, by the way. of. jack: mcdonald's sounds better. ben, actionable ideas. >> i'm looking at a lithium miner. this has a not been a good time for evs, tesla this week came out with a terrible delivery report dropping down to a support level that's frightening. but if you look what's happening with metals, prices are going up. copper, gold and silver are going up, and i think at some point you're going to have to see list are yum prices go up despite this overproduction that the has happened there -- can lithium. and withal a, marm down so much from its high in 2022, i thi

piper sandler today says s&p is vulnerable to a 5% to 10% pullback. i don't think anybody would quibble with that thought that we're vulnerable maybe for a pullback of 5% to 10% simply because what josh said, we're overbought and we've beengoing almost straight up. >> so we're up 27% since october. and we're always vulnerable to selling. i mean, there's no guarantee the market will go straight up. i think the market is very concerned about where interest rates are going. that is basically what has driven the market higher, a.i. as well, but the belief that interest rates were going to start to come down, first in march, now in june, and so now maybe not until, i don't know, september. i think the ism number, the manufacturing number was hotter than expected. it was stronger and gdp is stronger. so the market is grappling -- >> just keep building a case where the -- >> stronger growth. >> that's what we're dealing with and why we're stalled in this kind of wait-and-see environment. >> weiss, is that what it's all about? >> it's so interesting because y

second favored small cap financial is piper sandler the minneapolis boutique investment bank with a terrificjust like so many other financials, this one got crushed by the horrific capital markets environment 2342022 and much in 2023 but piper sandler's business started rebounding dramatically last year. in the fourth quarter they had 49% revenue growth 129% earnings just versus the previous three months. really good. now this is not going unnoticed by investors piper stock has been bid up from 140 at the end of october to 201 now. but still, it only trades at 17 times earnings okay, more than 9 obviously, but it's not expensive like me if your expecting to continue to rebound in ipos, dead offerings and mergers, then this one is a winner by the way, these are same reasons why i think it's worth buying goldman sachs and morgan stanley which the charitable trust owns piper sandler is the less well-known way to play the theme. and i like off the beaten trail. i like that. small regional banks for a minute the russell 2000 is chock full of them because most are small caps by definition i think

maria: there you go. >> lowering at some point this jooer piper sandler managing director chief marketson thank you so much for being here, he wants to lower rates this year, he is talking about, nothing changed did he hort than expected cpi. >> the bond market does not agree at this point in time, you see 10-year bond yields highering from a technical perspective target is to take up, up sided resistance levels 4.33 after that 4.150, then 4.66 equity markets not going to be happy if 10-year bond yields move up to those levels. >> not only thing, examine commodities gold prices, oil prices higher cocoa, higher into easter check up big gains as you look at market clear oil moving higher gasoline prices up substantially higher, hurting the wallets for a lot of vitt individual americans that are clearly not buying evs at that point in time cocoa corp gold corral toward 44, 50, 2600 there is a lot of upside left for gold, all things put together with what you are seeing with interest rates, there is no way the fed is cutting three times this year. maria: i agree. >> as i look at that. mari

piper sandler says the survey gives more confidence in demand trends.ing, dekkers and birkenstock. nike, and lulu lemon. there are areas of moderation. still piper comes away saying we remain bullish on elf, slightly more cautious on alta, but we still remained buyers, which is interesting after what we heard from the ceo saying that he is starting to see more brought in earlier and potentially more intense than he had anticipated. we met courtney reagan, thank you very much. mike, we had the two-minute warning, 90 seconds o o. interesting buying in some of the mega cap names. >> it's interesting, because a lot of the dynamic today in the absence of a lot else, the selling of the winners in a migration into perceived flaggers or defenses. you have had apple qualify as a logger. and nvidia, nvidia, there is a sense that maybe they are kind of, their lead might be diminished. you have google going elsewhere, and tell making noise. the stock ran so much, that is the biggest single weight on the s&p 500. i do find the interesting profit-taking in the year t

only amazon is positioned to. >> you started out talking about the e-commerce business and the piper sandleryear came out an 61% basically when they're asked where do they shop online, amazon continues to be number one. by 61%. the second is shein at 7%. i'm wondering, how important it might be for an amazon to grab a younger consumer's mind share, to keep them in the flywheel, early on and then throughout their sort of spending life cycle? >> i think it's super important. remember, so by our math amazon has about 43% or 44% market share of all u.s. e-commerce and that cuts across all age groups. we think that includes the younger audiences. what they're doing with prime is interesting. the prime subscription they have different tiers, right. if you're a student they give you a discount. a pretty substantial discount. that's to try to make sure to attract this younger audience. the other is in terms of their ability to offer huge portfolio of products that cater to, you know, to the audience. so we think it's a natural place. we don't think the chinese e-commerce players have had any dent in

piper sandler cuts it 2.5 while jeff jefferies is cutting theirs. >>> barclays initiates chevron.y giant compelling with above-average cash return and attractive valuation. >>> turning to the real estate sector and continuing conversations around the slumping office market versus the ongoing shortage of residential spaces. developers there finding a solution to tackling the problem. die a know olynick and a rae developer making a big shift. >> reporter: good morning. i'm standing on top of pearl house, the largest office to apartment conversion to date. not every office building can be converted. in fact, just about 5% to 8% wide. this was an originally office building now a 30-story luxury parent building. they purchased the building about a decade ago knowing that the single tenant would be moving out, leaving the building entirely vai can't. they could have bought it today at a much bigger discount, but the math still works. >> the way we look at it is how will institutional investors value and pay for an almost 600 unit market rate apartment building such as this, and it far s

piper sandler is betting that design programs are going to be what sets companies apart in the futureis why they believe the electronic design automation space will be more essential. it's cadence and synopsis. the two yellow bars, they have outperformed the last decade or so. nvidia recently expanded the partnership for cadence, so expect to hear more about that on the earning call tonight. key bank analysts say it's good for cadence and raised the plus target for $340. they say cadence's recent deal with intel foundry should help keep up the backlog. it's positive on this end. >> we'll see what happens. back to you mike santoli with a minute to go. tesla tomorrow. >> yeah. >> feels like they kitchen sinked a lot headed into this number. >> it's hard to think there's an outright negative surprise. historically tesla stock doesn't do well when it's about the fundamentals. right now people are assuming things have been so bad. the bright side is it doesn't matter for the index. it's way out of the top ten. doesn't seem to be a bellwether of that kind of risk appetite trade. that's nvid

margin lending also a big one, piper sandler upping the price and saying any impact you may see fromould have on revenues has been overshadowed by a number of positives. 70+ percent operating margins, they do expect growth of 20 or 25% with what they call an excess of capital and calling out strong momentum growth as it is well positioned from the current rate environment with offsets in a lower rate environment. the founder and chairman is coming up on overtime. >> look forward to that as well. i will turn it back to you with about a minute left. now that jerome powell has spoken maybe we can move away from that narrative for a little while and get focused on earnings. >> ideally i think that's what a lot of investors would prefer. i think the market has business to take care of in terms of the real tactical stuff. at the highs when we ramped 10% in the first quarter to go up 28%, everybody said we have a 3% - 5% pullback in our future just because they happen. we are down 4%. always buy a bunch of headlines or narratives that say maybe this could be more or tougher but so far nothi

tiktok makes it so easy where you don't even have to leave the app, but tiktok have fallen off the piper sandlerstagram was not looking good six months ago even, and now it's number two. so we're really seeing these shifts in realtime. >> yeah, absolutely. casey, wonderful to get your insights. thank you very much. >> thank you so much. >>> let's get a quick news alert. u.s. steel announcing that its shareholders have just voted in favor of the $14 billion acquisition of the company. we will continue to track that story. shares there are about 2.6%, and before we go, let's get a check on the markets because we have seen session lows this hour. the dow industrials are still down by about 500 points as you can see on your screen. the s&p 500 down 1.5%, the nasdaq still the laggard here, but should note that the ten-year yield has dippebed low 4.5. . i'll join tyler on the other side of this quick break. side of this quick break. "power lunch" is next. [please confirm requesting back-up.] -changing route. -go. roadblock ahead. ...back up, back up... reverse! reverse! next level moments, ...back up,

i want to bring in piper sandler, chair chief investment strategist michael kantrowitz.s momentum chart, everybody used it. i saw it on fitch. this chart is amazing. folks don't realize, momentum at an all-time high. we're going back to 1929, so i guess there is always reversion to the mean is sort of what we expect on almost any sort of asset, although i hate to see what the mean is here. now that we see momentum stumbling a little bit, what are you anticipating? >> it is important, charles, to kind of understand what is in that momentum portfolio. it is very different than what we saw in '99 and 2000, even though the number was not that high on the chart. today at the core, the stocks in that portfolio are generally highly profitable, they have good balance sheets, they have got generally good free cash flow yields. of course there is speculation at the fringes but in general these are some of the best companies in america that are in that portfolio. so we're not expecting an unwind like we saw post-2000. charles: so would that mean dips are buyable? >> well, i mean it

. >> piper sandler out with a note just moments ago, saying azure a.i. crosses the $5 billion run rate in terms of the business, that's a sizable contribution here >> i mean, steve just said it, steve kovach just said it, it was all about -- once they saw that reacceleration in azure, 31%, that was off to the races the other numbers are what they are, but tim makes the point, and again, 34, 35 times next year's numbers, you're paying for that growth. again, we said it 100 times, microsoft, one of the top five, if not three most important companies in the world, without question but you're absolutely paying up for it in this environment >> is it worth it for this environment? given the uncertainty for stocks, given treasury years at 4.7% in a world where rates might not come down? >> that's going to be the question going forward, because really it is priced to perfection, but i think what the market is rewarding right now is in 2023, it was all about, you could just mention a.i., and your stock would all of a sudden react very positively. i think right no

their partnership with mcdonald's is, quote, a game changer, according to piper sandler analysts. why they think a $20 price target is reasonable for the company over the next year or so. you can see shares trading at $15.50 but up 8% just on this note. customer increase is increasing with software firm snowflake. that's what rosenblatt analysts found after attending a customer event in toronto with several hundred regional customers. although they expect revenue growth to be slower this year for snowflake, they believe new product launches will help drive future growth, hence the rating switch from neutral to buy and why the stock is up 1.5%. scott? >> thank you very much, kristina partsinevelos. >>> still ahead, energy's record run. the sector looking to lock in its best weekly win streak in more than 15 years. year drilling down on some of this week's top performers and what's behind those big moves. back after this. b. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwa

charles: let's bring in piper sandler chief global economist nancy lazard.now, nancy, i saw this last night. i wish i could say it was really tongue in cheek, right? it's not. you can understand why young folks the way they do, we've been told there is this thing called modern monetary theory. you can almost argue we've been trying it more recently with the $1.9 trillion, that i don't think we necessarily needed but you can argue helped spike inflation. she said the inflation part, make it go away as well. this is the dilemma here in, we're a country spending money, spending money, at the same time a lot of americans can't teal with the crushing pressure of nation. where do we go from here? >> i would call it a bifurcated economy. you have those benefiting from higher interest rates. those who are suffering from higher interest rates. those who can pay for the higher prices, and those who are getting this really squeezed. we're calling this a bifurcated economy with high income and businesses doing well, because they have interest income, because they benefi