joining me now is robert schein. great to have you here >> good morning. >> let's start it off. we mentioned the vix with the spike in february. down 11% in january. up 11% in february what is creating the fear in the market >> it is a lot of the uncertainty. we have geopolitical uncertainty and uncertainty from corporations they have been honest reporting the last quarter of last year with the inflationary pressures. last week, the market sold off with the re-pricing of the higher numbers which pushed rates higher that is what we are seeing with the vix moving higher interpreting the data. >> one of our second favorite word last year after transitory is bifurcation trying to look for opportunities and sectors and stocks what are you watching for? there are certain metrics? is it free cash flow is it margin is it profitability? >> in this marketplace, you want to go with the large caps. you want to look at excess free cash flow and earnings with the bifurcation in the market, there is an opportunity to play capital and opportunity right now, especially on the geopolitical uncert

bill schein did not respond to request for comment but previous he denied knowing about any allegations >> i need vindication for myself, justice to prevail. >> reporter: stephanie gosk, nbc news. >>> and what new cell phone data is revealing about alex is revealing about alex murdaugh's trelegy for copd. ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze driftin' on... ♪ [coughing] ♪ ...by, you know how i feel. ♪ if you're tired of staring down your copd,... ♪ it's a new dawn, ♪ ♪ it's a new day... ♪ ...stop settling. ♪ ...and i'm feelin' good. ♪ start a new day with trelegy. no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy makes breathing easier for a full 24 hours, improves lung function, and helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doc

>> well, henry schein gets recommended today.le dental -- you kind of get these -- sometimes you get these upgrades, and all they're doing -- piper sandler, dent supply, schein. this is the problem, recession norvo is the weight loss drug that is so controversial right now because you can go to a roman, take a teledoc course or whatever >> i understand. go to roman and get a prescription >> because the $1,700 a month. >> yeah. that's a lot of money. >> yeah. but they go around with the insurers are doing by just saying, this is -- >> you're talking about the lilly drug that competes >> wagove is their thing they don't have enough capacity and that is restraining the earnings >> constraining. >> constraining. i like con more than res >> all right it's good usage. >> well, speaking of apple, at least, and semiconductors, jim, on semi, pretty decent auto numbers. they guide a bit light, but revenue and gross margins beat >> well, look, on has been the one and xpithat have been able to continue to parlay sales to autos as being a goo

chief investment officer robert schein joins us now.s etf that you like because obviously defense, in particular this week, has been in the spotlight with all the news. >> so the etf that we like, the invesco aerospace and defense, it gives you a broad-based approach to diversifying into the aerospace and defense sector, over 50 names. and if you just look at any of the headlines we've seen over the last week, week and a half or even year with the war in ukraine to balloons everywhere, you know, most investors don't have exposure to defense in their portfolios, and this is a great way of adding that to your portfolio while watching the headlines and sort of at least plague along and putting -- playing along and putting some defensive positioning in your portfolio. cheryl: you also like freeport-mcmoran. that's the copper play that you like. i wanted to get to that one as well. and then you've got exxonmobil as well. talk to me about those two. >> so with freeport, if you look at the electrification of everything globally, you just had a

there was an initial schein chinese new year event parade and chinese new year's event. and we have the actual parade on the fourth. at 5 p.m. you have all been invited to. hope to see some if in the all of you there. it is a wonderful approximate raid. >> i went to a couple of irrelevant nice events this we set up. we often our members often upon don't get to meet up with people they help and people who lives they stave. we had a meeting with a surfer. who was pulled out of the water unconscious. and he was walk and talking and just fine with his family and wife and son. and will met the dispatchers and our people, medics emt's and firefighters. and rescue captain ain't. it was nice. dweent always get to do that. and had a meeting this weekend with you may remember the 10 month old who beingally came in contact with fentanyl. and we responded and saved that child's life. and so the familimented to meet with everybody and thank them and he and his twin brother turned combon they are great. really will -- it is nice we get to that our folks got to do that as we don't ofte