the journey to becoming better or e xtwo netis.vethne t >> announcer: sectornomics is sponsored by spdr village to support society and businesses have a responsibility to support that village. ♪ ♪ i am peter akwaboah, chief operating officer for technology, operations and firm resilience. when you think about diversity, the employee network group is fundamental to any organization to provide a community and a belonging environment for the employees. they provide an avenue to support employees and ultimately it leads to retention of the best and brightest. the employee network represents the community at large, and it provides a good feedback loop to senior management to make the appropriate decisions, which ultimately contributes towards the bottom line. if you're thinking about growing your business, if you're thinking about driving the business forward, inclusion is a strong part of this. i am peter akwaboah and we are morgan stanley. joel, since kansas, we've taken our own path. we've never done what everyone else did. we took on the fear. we ignored the doubt. we loved the excitemen

ba barrel here's a look at the financials and you might think they would react positively, and the spdrhe semiconductors off of the benchmark barometer segments have gone from green throughout much of the morning flipping into negative territory and the etf down half a percent. the tech spdr, the xlk down 0.8% as investors are digesting earnings reports last week, others are simply looking to reallocate their money as the move, and we hit it shortly after 1:00 p.m the fed meeting on wednesday obviouslwi complex on that note, everybody. thanks for your time here on "the exchange" today tyler matheson joins us with "power lunch." >> thank you very much welcome, everybody, to woet power lunch" on a busy monday. i'm tyler matheson stocks are struggling to shake into may as kelly explained. there are opportunities amid the volatility, always are from staples to chips to homebuilders, we'll take a look at the stocks worth owning in these thre market moves and the "power lunch" exclusive. a bank of america ceo brian moynihan will be with us and we'll get his take on the fed tightening, a slowe

they were willing to focus on more defensive sectors, xlv, health care spdr etf. health care etfs.e seeing more risk-on. we're seeing positive action in more growth or remember ended etfs. we're ohio lighting on the screen, umv, broad market volatility from i-shares. dividend oriented etfs, shd, schwab dividend etf. we think investors can be part of the equity upside without taking on too much risk. liz: risk, i'm sure is something that always comes to mind at monetaa, iofin. you have 32 million in assets unmanagement. where are you looking for opportunity that give you yield but also protection to the downside if there is a downside coming due to recession? >> we've been in camp of downside inflation for the last year. that is a major downside to cash purchasing power. we've been putting in place inflationary resilience asset classes, real estate, real assets, that is a huge part of our asset allocation. we recommend diversification. we don't believe in definition of defensive stocks. equities always behave risk move on portfolio. we like private credit now especially yields on pr

the spdr, qus. outperforming the overall broad market, the500 you can see there by 3% overall.s like, again, balance heet, strength. if you take a look at this new kind of way to factor etfs, that focus on free cash flow yield, you take a look at one in particular, the pacer u.s. cash cowz etf it's positive on the year on the s&p 500. now the interesting part about this particular etf is that it focuses, again, with the name cash cows on those that generate free cash flow the ability to make money after paying off all of your expenses, all your debts and all your interest payments and everything else, what do you have left for things like dividend payments and stock buybacks and everything free cash flow has done really well the curious part about this particular kind of outperformance, these quality low volatility etfs, the types of companies that are in this particular etf, three of the top five holdings and five of the top ten are in one sector in particular >> let me guess -- >> i'm going to give you one guess -- you get two guesses but you'll only need one. >> it's right b

jpmorgan is down 20% this year, the financial spdr etf down about 13%. why?round the hallway this year without someone stopping and sasking me that question. if you take a step back, i think the big picture view is the fed needs to hike interest rates in order to bring down inflation. as a result of that, i think the takeaways the fed will do some real damage to the economy you've been talking to that throughout your show what we don't know today when the fed hikes 50 basis points in june, maybe another 50 basis points in july, where will the economy be in terms of demand that will inflate and where will the job market be? as a result you've seen bank stocks poorly starting mid-february then you had inflation expectations get worse, the war in ukraine that began, that also sort of impacted outlook for inflation, and then you had the china supply chain disruptions in march and april due to the lockdown when you add all of this, what we've been telling clients is we're not going to get a good understanding of where the economy is until maybe we get to later in

11% and it set the tone this week with jamie dimon's comments and bank of america and the financial spdrh broad increases. >> thank you very much as the dow rises as the fed's favored inflation measure so-called core pce may suggest that inflation is slowing down at least a bit in an op-ed written by our next guest he points out to yet fed may be, yes, finished with its tightening and if it is, says we could see the market launch a leg up let's bring in ron insana, cnbc senior commentator and ron, you are always going against the grain, but this one really does because not many people think the fed is done. when you say done, does that mean you think they are likely to skip the next two that they're hinting at at the next meeting? >> no. i think they'll be the last two and get the fed funds rate to 2% and not just the moderation and the personal expansion deflator which is one of the preferred and it's fall rather precipitously and the five-year falling the most over a half a percentage point and like housing, we've seen credit spreads have widened and the speculative assets is where it'

the xle spdr energy up about 8%, 8 2/3 and higher and the vanguard is up 8%, as well the data come froms at track insight more information available on the ft wilshire etf hub. meantime, let's go to courtney reagan for a c nbz news update courtney >> hi, tyler i am courtney reagan, here is your your cnbc news at this hour russian officials did not comment on the accusation, but a state media reports that a dozen civilians and some children had gotten out of the city mariupol's mayor had said earlier that 200 civilians were trapped in a bombed-out steel plant. >> a spacex rocket successfully brought four astronauts home from the international space station overnight. they splashed down off the coast of florida near tampa following their departure from the space station after a six-month mission. it's been a busy day for spacex. the company founded by elon musk shortly after that splashdown, spacex launched 53 new starlink internet satellites. >> in a story appropriate for the upcoming mother's day holiday. a new census said the median age for women giving birth hits 30 for the first time

back on spending, squeezing margins and let's look at the moves on some specific etfs, the sector spdris down .8% right now. vanguard's consumer etf, one week changed down nearly 10% and there you see invesco's s&p 500 equal weight consumer went down 9% these data come from our partners at track insight. more information available on the ft wilshire etf hub. let's go now to frank holland for a news update. >>> hi there, tyler. here is your cnbc news update at this hour. a union warns labor disputes can disrupt this weekend if the casinos don't agree to a new contract by the may 31st deadline casino workers are in the middle of negotiations with the nine atlantic city casinos and are seeking quote, significant wage increases to help its members recover from the financial harm caused by the pandemic >>> elon musk met with brazil's president balsonaro and the amazon rain forest he hoped the millionaire how the country protects the amazon. he also said musk's proposed take over of twitter was a breath of hope. >> in what would have been christopher wallace's otherwise known as b.i.g.g.i.e.

we're taking a look at the spdr aerospace and defense etf this morning, ticker xar.s third gale of gains, as, but with the fed poised to high rates today, the defense sector has not been immune to cost increases, either. this is just a short wile ago at the economic club of washington, d.c. >> we're really trying not to nub or prices. that reduces the buys pour of the government, and increases the burden of the tax pressures at bay >>> they have seen prices soften, and speaking to the di234578ics at play after president biden visited lockheed just yesterday the lockheed raytheon javelin missiles as well as the stinger anti-aircraft missiles really highlight the challenges involved in boosting military readiness, as the u.s. emerging from the pandemic, and materials and parts -- or the parts still being made, that are still being made are costing more. all of this factors in, as northrop, lockheed, raytheon, also others look to recover. at least where that conflict is concern, it's very much the reason why they stocks have cup off their highs in the last few weeks. da

we are looking at the tech spdr, xlk.e that fund's top holdings, and both those names together are responsible for about 800 points of losses on the nasdaq. only amazon have a bigger drag we're going to talk more about that on the potential buying opportunities, oh, yeah, in just a minute sara >>> david, thank you still to come this hour, salesforce chairman and founder marc benioff, and his new phrase "environmental citisapalm. we'll be right back. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq you know real chili never has beans. you know a cappuccino is for the morning and an espresso is for the afternoon. you know which pizza is eaten with a fork and a knife... and which one is definitely not. the delta skymiles® american express card. if you travel, you know. new projects means

the energy sector spdr is up on the day right now.atural gas trade overall. it's one to watch. if you see the way that chart shapes up, again, we are just off the 14-year highs. for natural gas, that's a key level that traders will be looking to see if they can be taken out again. the etfs attract some of the big sector moves there check out what's happening with the stopper that tracks energy, oil and gas exploration, xop is up 40%, and the invesco qqqq, and then one other place to look is right now, oil prize versus alternative energy and solar stocks in times past, when oil prices have surged, interest and investments into alternative energy have gone along with it, because if oil prices are so high, it makes it attractive for look for our sources not the case this time around. t.a.n. is down 12% over this year to date the u.s. oil fund is up 83%. that move may be triggered more by fear of interest rates, because the solar strokes, they're not as attractive when interest rates go higher, it may by a difference this time around carl

. >> announcer: sector nomics is sponsored by sector spdr etfs. >>> a record amount of americans planningthis memorial day weekend. joining us right now is clear ceo, and karen, what numbers are you anticipating for this weekend? what are you thinking? >> so we've taken to calling it travel palaosa we expect halmost 100%, a retur of business travel in may. people combining work and business so we are expecting an incredibly strong summer and see absolutely no slow down. >> 100% almost, how much is that because of more travelers and how much of that is because you have more clear members at this point. what is your membership? >> so our membership has increased up 100% year-over-year we topped 12 million members in april. so it is absolutely growing. we're adding more airports, more products but it is also a real reflection of the travel industry people have spent the last two summers at home. you only get so many summers in your life time, and you're not going to miss a third. i think it's because of clear offering the experiences, but it's also american travelers want to get back out and