for example, sherwin williams better than expected, u.p.s.the guidance was weak. whirlpool was okay overall, but it doesn't matter. when they're dealing with big macro issues you don't get good credit for individual reports necessarily, though sherwin williams is having a very good day overall. another big problem is tesla we're dealing with a trillion dollar stock that's down 10% today that is a huge weighting in the s&p 500, and just that alone was down it would be a bit of a weight on the s&p 500. given the tech stocks they're dealing with no wonder we're down 80 point thes s in the s&p march 8th and we are not that far away good 40 points tyler, back to you. >> thank you very much let's go to the bond market now where yields are lower long with stocks and rick santelli is tracking the action. why are yields sliding, rick >> yields are sliding because stocks are sliding, and there's still this relationship that some investors think at the fed, whether they push the economy into a recession or not, the aggressive tendency of the market to p

shares of sherwin williams soaring on the back of its earnings beat.stock in the s&p 500 today. bring in farmer jim levinthal, he owns it good to see you. we don't only call you when there's a disaster to talk about or something, i need to get at you with >> felt bad when i said that yesterday. i was teasing you and came across poorly. >> no, it didn't it was just fine >> sherwin williams, scott, you look at this, you say wow, up 9% on a day when the market is down and let's face it, past couple of weeks you had some companies that beat earnings just as well as sherwin-williams, but they've gone down. airlines were down from last week what's the difference here the difference is i think the key words that management said in the press release, key words are we think we're through the worst of the industrial supply chain challenges i think it is as simple as that. i think that's also a tell for the rest of the market we have some companies coming up this week that faced supply chain issues gm, ford, qualcomm i think to the extent that any of them show th

on the other hand, dow chemical is a name that we own, and sherwin-williams.have really strong quarters as they have reported earnings. so you have to differentiate between companies in the materials space that are pure community plays and commodity pass-throughs, and those that have a little bit more value-add because of their technology, or in the case of sherwin-williams, because of the brand power that they have. haidi: how much of the powder are you keeping dry? are you fully invested at the moment, or is it ok to keep a little bit as a buffer? ellen: it is absolutely a good idea to have a bit of dry powder. right now across our strategies, we have about 5% cash. most of the time, of our clients don't want us to go above or below 10% cash, so below 90% invested. so we are not going to go all the way to zero in terms of investing. but we do think it makes sense to keep some dry powder because of this volatility. you have a very strong u.s. consumer, everyone has stopped for months about how all the excess savings are there. . but the household balance shee

sherwin williams stock is up 9%. profits fell less than expected. sherwin williams shares are down -- consumer confidence, unexpectedly fell in pral. though it does remain positive despite high gasoline prices, intentions to buy big ticket items like cars, and appliances, actually rose. back to you, deirdre. >> thanks, morgan, keep an eye on the chips today, texas instruments reporting results in a few hours, the space here continues to see-wide spread pressure the smh 25% off of its highs of the year, the latest on this escalating selloff at the nasdaq down nearly 3% again, that's after the break. don't go anywhere. (vo) for me, one of the best things about life is that we keep moving forward. we discover exciting new technologies. redefine who we are and how we want to lead our lives. basically, choose what we want our future to look like. so what's yours going to be? >>> gut check on warner brothers discovery, the stock is down nearly 5%. the company cautioned its 2022 profit would be lower than expected, following the merger of warner media. the

sherwin-williams -- >> sherwin-williams is up. and raised the revenue guidance we have to go. thanks for joining us from ironsides, we've got less than 0 minutes to go, dow down 700. getting breaking news on the confirmation at the fed. yian mui >> lael brainard did pass, 52-43. now, the senate had also hoped to move forward with lisa cook's nomination to the board of governors as well as well as possibly later on philip jefferson to the board as well as jay powell as fed chairman but now that two democratic senators have covid along with vice president kamala harris, that is upending the democrats' narrow majority in the senate and throwing the time line for those additional nominees to be confirmed into flux but at least for now lael brainard has been confirmed by a margin 52-43 as vice chair of the federal reserve's board of governors, sara >> yian mui, thank you for the update on brainard. >>> we are going straight into the "closing bell" market zone mike santoli here to break down the crucial moments of the trading day and cr

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mohawk on pace for the best day in two years remember it comes after sherwin-williams was a notable earningsout earlier in the week keep an eye on shares of robinhood which has managed to turn higher after the sharp more lower on the result last night up half a percent but above 10 bucks a share. washrby parker shares higher th year, they have made a big bet on shifting from online to brick and mortar while the stock struggling this company's ceos are focused on doing good and that's why they're part of this year's nbc inspiring america event. joining me now are dave gilboa and neil blumenthal, they are the co-founders and ceos of warby parker welcome. >> thank you thanks for having us on. >> neil, i will start with you and, you know, it's tough to talk about a stock versus doing good you know, tell me how you -- the vision at this point to kind of have it all, so to speak. >> we think it's a false choice between growth, profitability and doing good in the world and we believe that we can do well and do good and it helps us attract and retain the best talent so we're able to provide prescrip

sherwin williams, the paint people, they're up 8%. what are they saying about supply chain issues?he worst is behind them. so they've turned the corner. revenue in the last quarter, $5 billion despite what they called choppy, raw material availability. so it's getting better. and, actually, this is the highest close, the highest trade for this stock in nearly two weeks. stuart: all right. digital world acquisition, that's trump's social media platform. lauren: yes. stuart: we know president trump says he's going to stuck with truth social, not going back on twitter. is that why digital world acquisition is up a little bit? lauren: it's only up a little wit, it was down 12% yesterday. but, yes, i think this helps. when trump says i'm sticking with truth social, i'm not going to twitter. so that's the story there. but, you know, the high for digital world acquisition was 175. stuart: 175 -- lauren: remember just about $10 and they went all the way up to 175, and they're finding their real footing right now at 36. that's the chart. stuart: if you can, can you throw up twitter, pleases

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housing stocks, go look at the new yearly low list, all housing stocks, housing related like sherwin-williams and whirlpool and now we have to add another thing today, the transports down 650 points down 1100 points the last three days. if the market had a voice it is yelling the economy is now tipping over and they will start raising rates into a slowing economy. neil: that issue with transportation stocks, part of the dow theory that is a preview of the general economy and looking at a slow down. do you by that? do you think that is what we are in for? >> i think it all rests on the consumer and i'm worried about the consumer. when you look at the jobs report, you see growth, leisure and hospitality that includes the summer travel season, that will get hurt by higher fuel prices a, inflation will hurt people's propensity to go to a restaurant so i am worried about the consumer and when i hear the labor secretary say the putin price increases i think there are more systemic issues and the fed's tool of raising interest rates is only one thing they could do but ultimately the consumer is goin

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this staircase is painted red for those at home, it is sherwin williams color. the ground level includes 20,00l projects oat thousand square feet public access level. we are proud to report that we continue to exceed our 30% requirement by partnering with city build as well as sponsoring a summer intern this year more another summer. in terms of l.b.e. utilization, we continue to exceed our 17% goal with a full 29% l.b.e. participation at the end of 2021. as was mentioned in the staff report, brookfield has pursued approvals for three buildings. we proactively invested to advance the design of those buildings, however the office and residential markets continue to remain a challenge. we have positioned the project to move quickly when the market improves. despite the unforeseen challenges, we've done our best to open the site for events and activations. the image here shows the exhibit with 6000 attendees. we continue to be surprised and excited by the amount of energy and interest in pier 70. we're working hard to make sure to provide opportunities for people t

they've been right at new yearly lows or at housing and housing-related, you've seen whirlpool, sherwin williamsarly lows and the housing stocks up until today, home depot finally bouncing the worst stock in the dow so the markets been really yelling about the consumer, problems coming, housing problems coming and where we going to park that money? the most defensive of defensive areas, i've never seen it this accentuated and i don't think in my lifetime. neil: where do you recommend money go right now? >> all i can tell you, stay defensive. anything recession resistant. do you know what the new high list looks like? hersheys, things like that. we like the chocolate. neil: i can't support that company by myself. >> these are things like hersheys and hormel. the drug stocks are at new year ly highs and i say it's the food, drug, beverage, tobacco, household products those are the things, utilities. neil: even with the run-up the drug guys had you think it's going to continue? >> for right now yes, money is plowing into it and now in the last week, costco, walmart, dollar general, dollar tree. the

reverse, people look at the stock market, the new yearly low, housing stocks and whirlpool, sherwin-williamst in your house or with your house is going to have a voice yelling and screaming at the topping out housing market based on affordability and the screaming moving mortgage rates which means a lot. stuart: does that move the whole economy closer to a recession? >> most definitely. people feel wealthier when housing prices go up and you have a little bit right now, i think the market is screaming contraction right now, the strongest spots in the market, food, drug, beverage, tobacco, household products and the only retail stocks that are strong, cvs in defensive areas, screaming contraction going forward. stuart: what about the overall markets, some folks on this program watched the market and got clients and telling them there's a big decline coming like one of my advisors saying 20% down in the next few months. >> i wouldn't bet against that but the way the market is shaped, apple the 70% of the s&p. unless they get apple, tesla and amazon the indices will hold up better. also, the do

check on some of the other earnings reports in addition to 3m a few to keep an eye on include sherwin-williamsactor ray threeion technologies warner bros. discovery is up just about 1.5%, 30,000 shares of volume. media assets and discovery these results key here are just for the discovery side of the business, since the deal to merge those two assets with warner happened after the end of the first quarter. results were beeps on the top and bottom line. we also a have check on the trillion dollar club some investors stepped up to buy some of those beaten up stocks we're seeing some of those gains reverse. apple, microsoft, alphabet hold a huge, huge amount of influence. and microsoft and alphabet are the once to watch after the bell today and amazon later in the week as well as apple. and then a new call from deutsche bank is getting some attention on trading desks this morning. the economics team at the german lender have a more dire warning about the recession. they point out to us the risks of this outlook look skewed to the down side, our central message is that there are good reasons to ex

this staircase is painted red for those at home, it is sherwin williams color. ground level includes 20,00l projects oat thousand square feet public access level. we are proud to report that we continue to exceed our 30% requirement by partnering with city build as well as sponsoring a summer intern this year more another summer. in terms of l.b.e. utilization, we continue to exceed our 17% goal with a full 29% l.b.e. participation at the end of 2021. as was mentioned in the staff report, brookfield has pursued approvals for three buildings. we proactively invested to advance the design of those buildings, however the office and residential markets continue to remain a challenge. we have positioned the project to move quickly when the market improves. despite the unforeseen challenges, we've done our best to open the site for events and activations. the image here shows the exhibit with 6000 attendees. we continue to be surprised and excited by the amount of energy and interest in pier 70. we're working hard to make sure to provide opportunities for people to co