best of luck to you, pippa, as well. if it - luck to you, pippa, as well.on the trophy. if he goes to the olympics, perhaps he will - on the trophy. if he goes to the olympics, perhaps he will let . on the trophy. if he goes to the i olympics, perhaps he will let me grim _ olympics, perhaps he will let me grim for— olympics, perhaps he will let me grim for him. if olympics, perhaps he will let me grim for him-— olympics, perhaps he will let me rim for him. i. ., ., , ., grim for him. if you want to see how all the computers _ grim for him. if you want to see how all the computers get _ grim for him. if you want to see how all the computers get on, _ grim for him. if you want to see how all the computers get on, it - grim for him. if you want to see how all the computers get on, it is - grim for him. if you want to see how all the computers get on, it is on - all the computers get on, it is on bbc two, that is a highlights programme from 2pm. who is going to win? we will find out tomorrow. rory mcilroy is just getting under way in the third round of the well

pippa, you are in ninth.eat course, i think the riders thought it was really up to standard, it was going to challenge us. i think the sport is now much more about the cross country, not so much physical and endurance required from the horse. but there were so many twists and turns, it was relentless, there were places where the horse just couldn't relax and recover quite so easy. the horses were caught out by that factor, i think. pippa, you have won this three times. both of you have been to multiple 0lympics. how tough was it for you out there? what is it like riding over these massive fences? i mean, if i'm completely honest, doing the actual competition in my head now is easier a bit. because my nerves and my head, where i am before i go, i'm thinking, what on earth am i doing? i'm 55 years old, why am i still doing this sport? but i was absolutely delighted, i had a young horse doing it today, it was his first time here. it was notjust the demand of the cross—country course and the big fences and the re

scott. >> pippa, thank you.vens, mike, do we consider robinhood a meme stock. >> i wouldn't say it is a meme stock, the first derivative. >> leave it to you to put it perfectly. >> one of the characteristics of them, they were these kind of, you know, declining businesses that somehow because of the life of the stock and a big story we'll go higher. robinhood is fascinating to see the volume eruption in these types of stocks, various indicators i was looking at yesterday stuff based on how much nasdaq volume versus new york -- all those kind of things showing we're in a speculative frenzy but it was a handful of small stocks. a lot flowing through retail brokers like robinhood. it is a reminder to me that robinhood is still just a play on overall retail volumes and engagement as opposed to, you know, a financial supermarket that's, you know, that's sort of really warehousing people's retirement money. >> plus the memers, if you will got mad at robinhood the last time. >> they were villainized by robinhood and, b

alternative power sources are being sought out pippa stevens is following that money trail and has thea new solar site that will be powering a new meta data center, and we have the details up next on "power lunch. ading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab. nature's bounty hair growth. clinically shown to help grow thicker, fuller hair with just one capsule a day of advanced hair complex. conquer hair thinning... ...and fall in love with your hair all over again. only from nature's bounty. >>> welcome back the solar stocks have jumped this past week, led by first solar on hopes it could be a new provider for the massive energy demand a.i. will need in the future meanwhile, a new solar panel farm funded by the inflation reduction act is being developed outside phoenix, arizona, with the capacity to power thousands

pippa stevens has more >> reporter: good morning, frank.rom the boomers-only trade boomers are at 10% with millennials at 17% according to stat state street t 27-year-old who lives outside toronto bought her first gold bar two years ago at td bank and buying ever since as part of the balanced portfolio >> there needs to be a way to secure the volume of funds and that's why i bought gold it is not a short-term game. it is a way of storing value as long as it is 10% of the portfolio, i'm okay with it. if it does well, amazing if it goes coudown, i'm hedged against other things >> reporter: this dealer in pennsylvania said younger buyers are driven by distrust in the dollar >> what i am fascinated with is the interest in the really young buyers those under 35 years old and generally when i talk to them and we sell small bars or silver coins, the general concern is that there's a distrust with the do dollar that's what i guess pulls them into having interest in gold and silver >> reporter: he owns gold bars and coins and stocks and silver. it m

and it's the not even close, pippa -- [laughter] it's not even close.nd i think it has only gotten worse. >> people think we're in a a more divided time than in the civil war because we've lost perspective, but division sells because the government is so big, it's so powerful, and there's so much money at stake that you want that a power because with you want to be able to disburst the purse. they -- disburse the purse if. if we reach a compromise, we have any level of moderation, that that means your coalition, whatever it is, sort of crumbles. charles: that reminds me, the day after president obama was elected, i got an e-mail from the naacp saying things are going to be a lot worse now. [laughter] not like, hey, you don't need us them in. partnership a pa, you you know this game -- partnership parks from your perspective, how worried should we be? >> i actually would look at it the other way because right after the trump conviction announcement, you've just seen joe manchin reenter the race who's a centrist democrat. and now as an independent. and th

pippa crerar, what did you think? i _ its future. pippa crerar, what did you think?i think mark harper did a valiant job after _ you think? i think mark harper did a valiant job after a _ you think? i think mark harper did a valiant job after a difficult _ you think? i think mark harper did a valiant job after a difficult set i you think? i think mark harper did a valiant job after a difficult set of i valiant job after a difficult set of results. — valiant job after a difficult set of results, and this whole thing about sticking _ results, and this whole thing about sticking to — results, and this whole thing about sticking to the plan, the economy is at the _ sticking to the plan, the economy is at the heart — sticking to the plan, the economy is at the heart of all of it, and the government clearly hopes that people will feel— government clearly hopes that people will feel a _ government clearly hopes that people will feel a little bit better off, inflation dropping again, interest rates _ inflation dropping again, interest rates coming down, possibly an autumn —

back to you. >> thank you very much, pippa, for the state of play there.ranium energy corps up 4%. it's a domestic producer that shut down some of its mines in the wake of the 2011 fukushima disaster. but they plan to bring those back on line this year. a n and in 2025 to meet demand. joining me now is the ceo. amir, thank you very much for being here. thismultifaceted story, because it's the crossroads of so many current themes. what sit about u.s. yuranium production that needs to change to be better positioned in the country? >> three words, grow, grow, grow. >> that's like drill, drill, drill. >> we used to lead the world in uranium mining before the collapse of the soviet union. following their collapse, we made room for them in the western markets. and this is the reversal of that, where we're seeing a repatriation of the nuclear fuel cycle, that the $2.7 billion being provided in policy and the russian uranium ban should provide. there's every intention to see growth in front of us for the domestic industry for all the reasons you mentioned. >> so f

, for breaking it down for us pippa stevens, appreciate it. >>> let's get over to julia boorstin forn update. >> the media is urging the house to investigate short-selling of shares president trump is the shareholder of truth social. >>> former nickelodeon producer dan schneider is suing the production, saying they implied he sexually abused the children with whom he worked. it named warner brothers discovery, where the documentary aired, and max, where it is streaming. >>> the director of national intelligence, avril hanes, warned that ransomware attacks grew in the last year. u.s. entities were the most heavily targeted, with attacks on health care doubles from the year before. back to you. >> thank you. >>> as we head to break, a quick power check. you can see there on the positive side of the s&p, aerospace higher by 15%. this despite the ceo warning of potential demand issues. on the negative side, qorvo tumbling the smartphone supplier offering weak outlook not a good sign for one of its biggest customers, apple that's your power check. we'll be right back. ♪ (alarm sound) ♪ am

remain very challenged by higher rates so kind of distinguishing between utility and residential. >> pippa stevens reporting there. >>> over to contessa brewer with for cnbc news update contessa >> president biden this afternoon outlined the road map for an israeli cease-fire proposal in gaza three phases first, a cease-fire for six weeks, which would allow people to return to their homes and during that time, israel and hamas would negotiate a permanent end to the war phase two would see the release of all remaining living hostages, and israeli withdrawal and the last phase would be a major reconstruction plan for gaza we will wait to hear how israel responds to that proposal. >>> house republicans are demanding testimony from manhattan district attorney alvin bragg and other top prosecutors who worked on the former president's hush money trial. the house judiciary's, quote, weaponization of government, unquote, subcommittee, which is led by trump ally jim jordan, called for that testimony june 13th >>> and members of the swedish pop sensation group abba reunited today to receive a presti

back to you. >> pippa, appreciate that. thank you. pippa stevens.today in energy which is outperforming, you've got utilities which have obviously had a huge run >> yeah. >> looked like maybe they were going to be on the verge of giving a good bit back up nicely today along with every sector but tech. >> market in is kind of keeping everybody off balance. it tends to do that when it's not driven by sort of a very strong discovery of a new macro trend or not in earnings season. i think a lot of it, we're seeing the aftershocks of that big momentum crescendo, performance, into april. we unwound a lot of it market wanted to go to laggard groups like utilities. it picked some of those up wasn't overdone. oil is really tame right now in fact, the -- most in danger of breaking down a bit which would be great news i think from the macro. so many of the things that sectors are telling us have a pretty positive message for the path of inflation. i think that's one of the things that's propping up the market right here so i wish, you know, investor sent meime

pippa stevens has more on the gold bug. >> this is far from a boomers only trade millennials actuallyt allocation of gold, 17%, relative to baby boomers 10%, according to state street. now, part of this is interest, in the physical asset, and that retains value. 27-year-old diba ahmed who was outside toronto, bought her first gold bar two years ago at cd bank and she has been buying ever since, as part of a balanced portfolio >> there needs to be a way to secure the value of funds and that's why i was like, let me go buy gold, because i know for sure, it is not a short-term game, it is a long-term way of storing value. i don't get emotional about my purchases. again as long as it is 10% of my portfolio, i'm okay with it. >> 37-year-old mark meyer is a precious metals reseller and dea dealer with a warehouse to store what he buys and the general concern of millennials is the distrust with the dollar meyer buys coins and more. and it makes up a quarter of his investment dollar. 52-week highs today, 69% of millennials saying the best way to invest in gold is through etfs melissa? >> the

we have pippa stevens with more. >> reporter: frank, here at the solar facility, 857,000 solar panelsbout to start taoducing power for a new meta da center. we have the details coming up next on "worldwide exchange. champion iron offers a rare solution to decarbonize the steel industry. which represents up to 10% of global emissions. the company recently doubled production capacity at its mine in eastern canada. it is now investing to produce one of the world's purest iron ore. enabling green steelmaking without the use of coal. controlling a large portfolio of high purity iron ore resources. champion is considering strategic partnerships to further develop the region. champion iron. at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. clem's not a morning person. or a... people person. but he is an “i can solve this in 4 different ways” person. you need clem. clem needs benefits. work with principal so we can help you with a plan that's right for him. you know what i'm saying? let our

frank, shares are up 6%. >> pippa, thank you very much. let's talk more about apple's buyback news and broader markets. joining me now is the senior portfolio manager and strategist at federated hermes. steve, good morning. i want your reaction to the apple earnings report. the huge buyback and also raising the dividend. how is this impacting the markets today? >> it reiterates why some subset of the magnificent seven has been so strong. you have cash flow generation. that cash flow generation allows you to do good things. for example, in a quarter where your sales are down a bit, you are able to increase the share repurchase and you are able to have the balance sheet be a stable player. you see that rewarded this morning. that's really the attractiveness of the group. not just the a.i. it is also how strong the balance sheets are and how much cash flow they have been able to generate. >> balance sheets are very important. free cash flow is one that our next guest says is important. jobs growth is expected to slowdown month over month. wha

. >>> pippa stevens has the headlines. >> and the trump hush-money trial continues this afternoon, and payments included money to cover taxes on hush-money paid to stormy daniels, which she testified were paid from a trust and trump's personal account. for months, bernie sanders announced today he will run for re-election for what would be his fourth senate term. the independent congressman was previously a democratic member for 16 years and continues to caucus with them. at 82 years old sanders is the second oldest senator, behind grassley sz, who is 90. and as the houston area continues to face the rains, and forecasters are warning 10 million americans in the midwest are at risk today for powerful storms for tornadoes and baseball-sized hail. >> thank you, pippa. >>> up next, bob pisani is following with eft edge. we're back in just two minutes. at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go. when it comes to investing, we live in uncertain times

now let's go over to pippa stevens for a cnbc news update >> before the donald trump hush money triallunch break, the defense started their cross-examination of keith davidson, the former lawyer for stormy daniels and karen mcdougal the defense tried to paint him as unethical, saying he made a clear helping clients extort money. >>> white house officials say russia has been shipping fuel to north korea over the limit set by the u.n. and there could be new sanctions as a result. this comes after a u.n. payable that monitors the sanctions against north korea. the russian and north korean u.n. officials have yet to respond. >>> and the lander survives a third lunar night. even though it wasn't survived to survive the frigid conditions, japan's space agency says it's monitoring the lander's condition to see which parts could be deteriorating as it continues to endure the environment. dom? >> thank you very much for that. >>> time for a little show and tell, where we show you a chart and then tell you the story. now, peloton is giving up earlier gains after announcing a wider than expected

>> pippa stevens, thank you.>>> coming up, a new study suggesting you may want to request more female doctors if you're going in for surgery. we'll break down the new findings. that's all ahead on "nbc news daily." (♪♪) (♪♪) bounce back fast from heartburn with new tums gummy bites, and love food back. (♪♪) camilla tried the new scent of gain relax flings and it changed everything. (♪♪) hey dave, don't knock it 'til you smell it. new gain relax flings. i told myself i was ok with my moderate to severe rheumatoid arthritis symptoms. with my psoriatic arthritis symptoms. but just ok isn't ok. and i was done settling. if you still have symptoms after a tnf blocker like humira or enbrel, rinvoq is different and may help. rinvoq is a once-daily pill that can rapidly relieve joint pain, stiffness, and swelling in ra and psa. relieve fatigue for some... and stop joint damage. and in psa, can leave skin clear or almost clear. rinvoq can lower your ability to fight infections, including tb. serious infections and blood cl

pippa, thanks. >>> over to bertha coombs for a cnbc news update. >>> the white house is pushing for aease-fire deal between israel and hamas israel sent a negotiation team to kawhi row today to consider the proposal from hamas but said it was far from meeting israel's demands. meanwhile, hamas officials says the agreement represents the minimum it would accept. the white house claims the gaps can be closed. comes as israel forces seized the main border crossing between gaza and egypt, escalating military operations in rafah. >>> u.s. power use is forecasted to hit record highs this year and next year. power demand is growing from, what else, data centers. and for people using electricity to heat their homes and power their cars >>> and toronto police say a shooting outside of drake's mansion this morning left a security guard seriously injured. representative for the rapper says he was not injured but it's not clear whether he was actually home around 2:00 a.m. when the shooting occurred police say the shooting was caught on video but they don't know yet how many suspects there are or

shakira has denied any wrongdoing scott, back to you >> pippa, appreciate it. >>> still ahead, getting adviser on pace now for its worst day ever the entire online retail trade under pressure today we'll talk about that next (grunting) at morgan stanley, old school hard work meets bold new thinking. (laughter) at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. (♪♪) business can happen virtually anywhere. (♪♪) but there's nothing like being there. at national, you can skip the counter... and choose any car in the aisle... even manage your rental right from the app. so you can give some quality time to a quality cause. swing by to see one more customer... [audience cheering] and really get down to business. go national. go like a pro. >>> we're back a pretty brutal day for online retail stocks, the worst since last october, the worst day of the year as well trip adviser on pace for its worst day ever we bring that up we have

scott, back to you >> all right, pippa. thank you very much. pippa stevens. >>> straight ahead, we have a check in on health care. ppg,is plunging, pfizer is poin and joe is selling a big name in that space we debate it all next. that's right james, it isn't. car, where are we going? we're here. (♪♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some resea

stanley >>> we're in the "closing bell" market zone, plus, angelica peebles on novavax's huge rally, pippa on why donald's is popping as well. we're not that far from a new record high either how are we thinking about next week, inflation, inflation, inflation? >> market has really pretty much done what you'd hope it to do off of that low three weeks ago, responds to the overflow conditions, makes the most of a decline in treasury yields we've talked about the financials and others that have done well. i do think it was interesting that the university of michigan consumer sentiment numbers today kind of stopped the levitation that was kind of underway in the morning, put the market a little bit back on its heels, got yields firmed up a little bit. that's really a tertiary type indicator, that one-year inflation expectations it says we have the sensitivity to those inflation numbers, so we're not going to fully relax until we get through those and see if we're still on track to have disinflation resume or have it be a good enough number that yields can stay calm. >> angelica peoples, a near

pippa stevens?lanning to announce its google search competitor on monday that is according to a report from reuters, citing two sources familiar with the matter now, this,of course, would raise the stake in its competition with the search king google so, once again, openai planning to announce its google search competitor, according to reuters. >> all right, pippa, thank you up next, final trades. ging their and payroll. why would you think mere humans deserve to do their own payroll? because their livelihoods depend on it? because they have bills to pay? hear me now, paycom! return the world of hr and payroll to its rightful place of chaos or face a tsunami of unnecessary the likes of which you have never seen! >>> final trade time tim? >> next era. biggest position in the xle with a lot of data center exposure. >> carter? >> deere and company, better known as john deere. >> danny so nice to have you here >> long flutter. flut earnings next week >> guy >> never said that to me just saying. >> nice

let's check the world of business with pippa. good morning, wall street is set to open higher ahead of the big economic report of the week, the april jobs report. it's forecast to show hiring was still solid last month as the labor market holds up in the face of the highest interest rates in decades. now, forecasts call for the economy to have added 233,000 jobs, down from more than 300,000 in march. unemployment is seen holding at 3.8, the 27th straight month, with a rate below 4% stocks rising yesterday. but are still on track to end the week in the red. meantime, shares of apple are jumping today after the company's quarterly results beat forecasts as sales of iphones fell less than expected, especially in china. apple also unveiling a massive stock buyback program of $110 billion. that's the biggest in both company and u.s. history. a lack of innovative new devices has hurt apple sales, but it is expected to launch new ipads next week and audible is testing book recommendations based on your viewing habits. on prime video, au

pippa stevens. coming up, chinese stocks are trying to mount a rebound after a dismal 12 months we'll ask crane shares' chief investment officer about his viewn eiecomne rht othr ony xtig after this ♪ amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. ♪ (suspenseful music) ♪ why not? did you forget something? ♪ (suspenseful music) ♪ my protein shake. the future isn't scary. not investing in it is. you're so dramatic amelia. bye jen. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. if you've ever grilled, you know you can count on propane to make everything great. but did you know propane also powers school buses that produce lower emissions that lead to higher test scores? or that propane can cut your energy costs at home? it powers big jobs and small ones too. from hospitals to hospitality, people rely on

pippa stevens joins us now. >> the boy scouts are changing their name in its 114-year history. the organization announced today it will become scouting america in an effort to be more inclusive. it comes as the organization tries to emerge from bankruptcy after compensating more than 80,000 victims of sexual abuse. >>> meantime, disney is planning to add titles as they launch a streaming service. bob iger said u.s. subscribers will be able to watch live games and studio programming. the move comes after hulu launched on disney+ in march for bundled subscribers. >>> and rapper snoop dogg is getting into the bowl sponsorship business. gin and juice will be the presenting sponsor of the arizona bulls, a multiyear sponsorship deal that will be the first time an ncaa sanctioned bowl game will be presented by an alcohol product. back to you. >> i want to go back to the boy scouts. now it's scouting so it can include boys and girls. >> and anybody who identifies any which way. >> all right. >> pretty cool. pippa, thanks for bringing those stories, we appreciate it. >>> coming up, you

he faces 175 years in prison sara >> pippa, thank you.if 2023 was the year of ai hype, 2024 is the year of disillusionment, according to our next guest. check out the mystery chart. the stock rallying double digits more than doubled this year and what is driving the move when we come back on "squawk on the streetwi" th the dow positive by a few points [crowd chanting] they ignored your potential, dissed your achievements, and mocked your ambition. but it's not the critic who counts, and you know that. from the beginning, you couldn't be stopped. ♪♪ breaking resistance with every swing and block. ♪♪ your game plan never changed. ♪♪ so enjoy this moment. ♪♪ the one they said you'd never live to see. ♪♪ some would still call it luck. ♪♪ let them. because you know what it's always been. inevitable. ♪♪ ♪♪ the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online

. ♪♪ ♪♪ >>> welcome back i'm pippa stevens with your cnbc news update.in new york outside of trump tower in manhattan. his legal team has vowed to appeal the guilty verdict on 34 counts of falsifying business records. the trump campaign said it raised a record 34.8 million in donations after the verdict came down the israeli military confirmed today its forced backed by tanks and artillery are operating in central rafah the southern gaza border citi where hundreds of thousands have fled to escape israel's bombardment the offensive coming despite rising international backlash. >>> vermont the first state to enact a law requiring fossil fuel companies to cover damages from climate change. the state's republican governor let the measure become law without his signature late last night. the law which comes after record flooding in the state last year is expected to face legal challenges maryland, mass cachusetts and n york are considering similar measures. >> thank you >>> traders this morning adding to bets that the fed will cut rates in september after the

pippa stevens is live in coolidge, pippa? billion solar and battery storage site about an hour outside of phoenix. the news today is the company is announcing a $680 million investment from jpmorgan it's a tax equity deal meaning jpmorgan provides financing in exchange for tax benefits. now this structure has existed for years, but what's new is that under the inflation reduction act, jpmorgan can now sell those credits to another company, unlocking a big new funding pool for renewable energy >>, and it really opens the doors for a lot more corporates and companies with tax liability in the united states to come in and help support clean energy projects really unique structure we hope to replicate over and over again. >> reporter: rising to more than 100, the new ira rules could open up $47 billion in tax credit sales this year, rising to more than $100 billion in 2030 according to evercore isi this project called the 11 mile solar there are 857,000 solar panels across 2,000 acres and can power about 65,000 homes, but two-thi

. >> pippa stevens, with the latest, thank you. >>> now over to bertha coombs for a cnbc news update.d trump's lawyers told the judge in his new york hush money case, they plan to remove a call for a somes trial after stormy daniels finished her testimony. trump's legal team says it will fight testimony from karen mcdougal the judge said he would send the jury home at 4:00 to hearing arguments. >>> israel says it has who it needs for a ground offensive in rafah without the u.s. equipment. >>> and harvey weinstein is back at new york's rikers island jail, as he awaits a retrial in his overturned new york rape case in a brief court hearing this morning, he denied his consent to be extradited to california, where he was convicted in rape in at separate indication, citing serious health issues. >>> coming up on the show, you've got a deluxe three stock lunch ediagnose here, because bigger is always better, i think, radio i got we'll bring you the story and the trade. "power lunch" is back in two to start a business, you need an idea. it's a pillow with a speaker in it! that's right craig.

budgets are looking to >>> let's get to the headlines with pippa stevens >> and answering questions onceagain, cohen in the trump hush-money trial they are senate banking committee chair, sherrod brown, called for biden to replace the fdic today the comments follow his testimony in congress last week. new york attorney general, law taerba james, is settling with crypto lender genesis for $2 billion that it will help her pay defrauded investors in new york that paid in the gemini program. she claimed they misled investors. back to you. >> thank you >>> up next, betting on the weight loss boom two new etfs this week, and bob tells you exactly what they are, next (traffic noises) (♪♪) the road to opportunity. is often the road overlooked. (♪♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go. appreciate it so much. thank you. doors are new beginnings. -surprise! -surprise! your dedicated fidelity advisor can help you open those doors. for you, mama. throug

. ♪ >>> welcome back i'm pippa stevens with your cnbc news update.donald trump's criminal hush money trial. the former president's defense lawyer todd blanche said he would need two and a half hours to deliver his case. he says trump's former fixer michael cohen is lying about the 2016 alleged payments that trump facilitated to adult film actor stormy daniels. >>> israeli forces pushing deeper into the gaza city of rafah today, despite global pressure to pull back after an israeli strike in rafah on monday officials say killed 45 civilians. prime minister benjamin netanyahu called it a tragic mistake. israel says the incident is under investigation. and melinda french gates says she will donate $1 billion over the next two years to support women and family rights across the world and made the announcement in a "new york times" op-ed it comes weeks after announcing she would step down from the bill and mylinda gates foundation >> quite a donation. thank you, pippa >>> the nasdaq continues to push higher here hitting record highs again today. lot of fe

pippa stevens is here with those details. >> and starting with the public markets.nergy stocks, you might think trade is all but dead. but it is actually booming. five years ago the value was half a billion. and last year nearly $26 billion. and wind and solar still attracted the most but the ecosystem has become broader with renewable fuels, batteries seeing more investment. and pe play as a critical role because they are a stepping stone of sort fogs companies that have outgrown venture capital but not ready in public markets. they did say a lot of the deals are investing in infrastructure buildouts rather than acquires companies outright. so essentially you are getting a foot in the door now in the opens of bigger returns later. but he says the fact that they can even raise money is a good sign. >> is it just a lagging thing where the returns for clean en energy, we've talked about how they are down big, could the same hit be coming for some of the companies with private equity investments? >> i think what a lot of the pe deals being done on the infrastructure si

>> appreciate that, pippa. see you in overtime when those resulted. >>> two minutes to go.ve but we have cut down so much and the pressure has been taken off so much. that has a direct correlation of getting back in the speed in which we have. >> you are off about a quarter percent. the rate cut has been initiated in the treasury. >> the only time we like to talk about percents when we are talking about yield spread >> a quarter of a percentage point. you are absolutely right. obviously on some level, the inflation numbers have power over the rally in the short term , so you have to be sensitive to that idea. it is, at the end of march. we got this little surprise. really, that is all that matters. you look at the yields and it looks like they have rolled pretty nicely. again, we never have to unwind the entire jump and yield to keep the stocks steady. it is about them not blowing out in a disorderly way. it is the volatility and it seems to matter more for the near-term equity action. >> tomorrow with policeman. got a little bit more hockey arguably over the last couple of

pippa stevens is here to tell us who and why. >> this is a far from a boomers' only trade millenials% according to state street. part of this is an interest in the physical asset that retains value like gold bars costco has been selling out of. this 20-year-old bought her first gold bar two years ago at td bank and she's been buying ever since as part of a balanced portfolio. >> there needs to be a way to secure the value of funds and that's why i was like, let me go buy gold because i know for sure it's not a short-term game, it is a long-term way of storing value. i don't increase and get emotional about my purchases again, as long as it's 10% of my portfolio, i'm okay with it. if it does amazing, if it goes down, i'm not affected because i've already hedged against other thing. >> the 37-year-old mark meyer is a precious metals reseller and dealer he says younger buyers' concern is distress of the dollar. he owns gold bars and coins as well as gold mining stocks and silver all told makes up about a quarter of his investment portfolio, which also includes crypto gold stocks up doub

pippa stevens is here to break it down. >> another deal building on the record m&a we've seen so farconoco buying marathon with a 15% premium to yesterday's close. this is about -- marathon is about 10% of conoco. pickering energy partners says it is more on a bolt of transaction rather than truly transformative deal. but there are several ways in which it resembles the deals we've been seeing. it is accretive, additive and also it is an all stock deal so it doesn't need to leverage and stretch the balance sheet for conoco. but there is one key difference. there is a multiphase-in deal. most marathon and conoco have operations in three areas that will increase their combined footprint. that is different than the other deals we've seen that was solely focused on thepermian basin. and so that might help the case in the sense that there are two different basins rather than one big in one basin. >> and the hess deal you were talking about yesterday was basically an acquisition of existing assets. what they want to avoid is new drilling in new areas. right? because they want to buy what i

. >> pippa, we have to leave it there. let's get to kate rodgers.te time. >> hi there, tyler, senator bob menendez revealed during his bribery trial his wife nadine menendez is battling breast cancer. she was supposed to stand trial, but a judge gagreed to separate her trial for medical reasons. they are accused of accepting hundreds thousands in fines for political favors. >>> it would require sellers to list the total cost of ticket to buyers including fees and it would ban deceptive websites useded by secondary sellers and require sellers to provide refunds when an event is canceled. >> a statue of reverend billy graham was unveiled today. to honor notable figures in history. the north carolina-born graham died in 2019. he is the most widely heard christian evangelist in history preaching in person to more than 200 million people worldwide. tyler, back over to you. >> all right, kate. thank you very much. >>> we celebrate asian american native hawaiian and pacific islander heritage, here is the wellspun living ceo. >> i come from india. icome fro

taillights are not lighting up properly the recall affects trucks from the 2022 to 2024 model years >> pippayou very much. inflation has big brands warning of consumer weakness, saying it islow-end customers. but luxury showing some signs of lower spending but spending in at least one niche area has been climbing over the past five years, and likely got a boost during the pandemic as everyone went outside and that's golf. global sales of golfing equipment up 40%, apparel up 21% since 2019, and there's a new entree in the space with a big name attached to it. tiger woods launching his sunday red brand today, after ending his 27-year partnership with nike back in january join us now is the ceo of taylor made, the parent company behind sunday red, and dom chu, who is a golfer >> i am an avid golfer, as you are, ty. >> ask david the first question. >> i would like to know why taylor made is getting into the apparel business in a big way, even if i know the reason why is because it's tiger woods, but why taylor made and why so much into apparel >> why not why not? we built an incredible platform

pippa stevens has the next story. >>> this is a rare bright spot in the solar industry they reportedght getting top and bottom line estimates. ceo jan sugar told jim cramer last night at their backlog has more than doubled. the reason why they're doing well is because they create the sophisticated trackers that then follow the sun throughout the day. so, the developers want to use their equipment because it means there solar arrays are that much more efficient. on the flipside sun powered down within 20%. they were caught up in that yesterday. shares were up 60%. it is important to note here that about 80% of their outstanding shares are sold short, and also 25% of the stock is available to the public. this really is a buy or beware. moving over to copper. i did hit a record high today. we've seen this anonymous rally of more than 20% so far this year. but, it does feel like this latest move is driven by a short squeeze. we've seen a lot of financial players palin .11 trend followers getting in on this trade. people are now warning that maybe this is unsustainable. that being said it

. >>> let's send it over to pippa stevens for a look at the biggest names moving into the close. >> work day is sinking, and a narrow miss on subscription revenue guidance outweighed the beat on the top and bottom lines. the human resources software giant noted lower-than-expected head count growth. among the clients especially in europe those shares are down 15%. shifting to apparel, where decker's outdoor is jumping after handily beating earnings estimates. the company also reported stronger-than-expected hoka and ugg sales lifting shares by 15%. and ross stores is also higher after a strong earnings beat however, the discount retailer cautioned that ongoing uncertainty in the macro and geopolitical environment are putting on pressure on customers' purchasing power. >> thank you. >>> coming up rashaun williams is back with where he is putting his money to work in the tech sector and his latest big sports investment, coming up. you're watching "closing bell" on cnbc. knock, knock. number one broker here for the number one hit maker. -thanks for swinging by, carl. -no problem. so what ar

pippa stevens joins us. >> hey, kate and zinhle, open ai has reportedly struck a deal with apple to integrate chat bot into the ios 18 operating system. the information first reported the news and says that microsoft's ceo satya nadella is concerned about the potential conflict with its open ai partnership. microsoft has invested more than $13 billion in open ai. >>> nearly 2 million bottles of fiji water sold on amazon are part of a recall. the u.s. food and drug administration said fiji found elevated levels of manganese and bacteria in 79,000 cases of the water sold between february 1st and march 3rd. 99% of the affected bottles never even left the warehouse. >>> and one of john lennon's guitars from his time with the beatles just sold for $2.9 million aft auction. that makes it one of the most valuable pieces of beatles memorabilia. the 12 string acoustic guitar known as the hootenanny was believed to be lost for over 50 years until it was discovered in someone's attic in england. it was used in the recording of the albums help and rubber soul. kate, would your husband have paid that much

i'm pippa stevens with your cnbc news update. his legal team plans to file a lawsuit challenging a gag order in his new york criminal hush money trial. the order prevents him from speaking about potential witnesses in the case online or outside of the courtroom. the judge fined him $9,000 earlier this week for breaking it four times. meanwhile, trial testimony continues today with the forensics expert who examined the phone of trump's former fixer michael cohen. connecticut's governor says a major artery linking new england with new york will be closed for days. he says the state will have to take down a bridge over i-95 that was badly damaged by a tanker fire thursday. the governor says he hopes the interstate will reopen before the monday morning rush hour. >>> and china launched an uncrude spacecraft to the moon today. the lunar lander will go on a two-month mission to retrieve rocks and soil from the far side of the moon which faces away from the earth. it's expected to land in early june. david? >> thank you. >>> take a look

outside number 10 as things stand, just to run over a list of things happening today, compiled by pippalitical editor of the guardian, sunak didn't deny an early election at prime minister's questions. there's a cabinet meeting this afternoon. 415 david cameron is flying back early from a trip. jeremy hunt has cancelled an interview this evening on itv. number 10 has gone silent. manifesto work has stepped up. the prime minister's chief of staff today, unusually , was staff today, unusually, was wearing a suit and tie. senior ministers are doubling down on dividing lines and tory bosses held a meeting this week on how much money could be spent in an early general election. it all starts to add up to a bit of an alarming picture . good afternoon. britain. it's just coming up to 10 to 2. now. there is mounting tom moore. i've done that twice today. >> it's because. it's because this show is usually three hours. and today it's two hours. but it is 10 to 3. >> it's also because all the afternoon brains are completely scrambled. >> what an afternoon. >> what an afternoon. >> because of all o

pippa hastings.reat liberal democrat champion who will fight for you, but they'll also get rid of the conservatives and do something very special. transfer from british politics. and that's the liberal democrat ambition to transform our politics and our country. so that we can get our economy back on track so we can stop the sewage so we can end the scandal of crumbling hospitals and so we can save our nhs . we so let's get to it. nhs. we so let's get to it. let's make it happen . thank you . let's make it happen. thank you. >> okay, well, that was sir ed davey there, unveiling his battle bus. yellowhammer one, it's called. and libdems are go. evidently, and we are going to come back and break down exactly what he has said there, after this very short break. don't go too far, though. this is dawn neesom with gb welcome back to gb news. sunday with me. dawn neesom. hope you're having a wonderful weekend out there. now. gb news presenter gloria del piero has travelled last week to the dog and parrot pu

lee and pippa — who both have ill health — say they struggle to get by.cos of the cost of living, it's gone through the roof. you still think the conservatives should get back in? yes. they've helped us more than anybody. yes, they have. they stood by us. with what they've got to play with — which isn't a lot — they've juggled it where it's tried to help the poorer rather than the richer. yeah, i agree with that. he came out in his suit, soaking wet, god bless him. roll on. he's been there through covid. he's been there through everything for us. and ijust... i just... i'd be so gutted, honestly. i just want conservative. red or blue or something in between — this place could well become litmus lancing. we are going to get a taste of what is going on in constituencies all over the uk right through the next five weeks or so. it is over the uk right through the next five weeks or so.— five weeks or so. it is so interesting _ five weeks or so. it is so interesting hearing - five weeks or so. it is so | interesting hearing those five weeks or so. it is so - i