joining me now first on fox business, stifel financial ceo ron kruszewski. >> we're trait trading on discount to the tangible book discount and entered 22% returns among the highest of any financial. so you trade at a discount pe plus 20+ intangible and people will take notice and they should. liz: that i get but obviously economic uncertainty and talked about that affecting client sentiment. doesn't help but what if those jitters turn into an actual recession. a, do you believe that? do you see any sign that we may dip into recession? and what are you modeling for? >> well, look, anyone that says you don't have a chance of recession hasn't lived in the past decades. of course a recession is always there, and i think the uncertainty today is the same uncertainty that we feel about the fed. you were talking about it. the fed is got their dot plots, will they be up 25 basis points, 50? i personally think they'll be 25 and personally think they need to stop because if fed policy has a long and variable lag and we need to see what's happening. as that happens and as we get stability in t

think speaking with stifel sans your father to court any and about mission very hard for me. james. i bought thus n showed he hadn't year. we would worry about ours. i'll get that the dentist and the push it to the night before that for you guys did not have not the media to contact the regime as on her and her does that and fine it took, but this was behind a. she was rude and with before the to be and both more but. oh and my father, ben. yes, i am for 3 years. i get a dance, especially if will give iran of my dad range to build up the q to but they want us both unfair and excite at british at origin. if they brought it down to that it, do that guided, it ended up adapt per stock. again, gander. thousands. did a bout him. earthly is this. is that we see what then said to just name to him, look like that up defender, freedom and 9. that estimate dear in the which was the fortunate and we were my dad and from he had a delay and by god care and we heard that's a kidnap into iran. they re iranian lucky, the lot the, his swollen forced to come crammed him and then 800 and he had 3. it'

and go away that will be good advice as we go into a potentially rocky summer. >> brian gardner of stifelat to see you >> thank you, frank. >>> turning attention to another top story this morning and watching shares of amazon. raising the number of employees it plans to fire is 18,000 it focused on e commerce and technology this figure is higher than estimates given by amazon last year some of which topped off at 10,000 the cost cutting measures are not one-off. and yesterday, salesforce will cut 10% of the work force. joining me now is richard kramer research analyst richard, great to have you here. >> thank you >> first, give us a sense of what you think about the amazon job cuts our jim cramer believes it is a tailwind for the stock what does this signal for the tech sector? >> so, i want look at job cuts as anything more than a rewind to where the p comcompanies wer the middle of last year. if you look at the example of salesforce and take them back to the job level and staff levels from 2020 before the pandemic, you have to take another 15% or 20% out of the work force. i think we ar

of my position and has been using it as a source of funds for new things i bought that being said, stifeladed it last week, they had a $17 price target on it >> i've been really wrong on the stock. >> in knowing the market is cyclical, should i hold this stock or is it capped out. >> this is an a plus you hold back to the stock december 13th. it made an all-time high, reasonable valuation, nice trade, tony, stay with it. >> please keep your trades coming in. you can email us, ask halftime at cnbc.com. you can tweet us, as well, at halftime report. we'll continue to have the committee grade your trades and do final trades, next. p work, w♪ ♪ it's our turn now we'll make it up again. ♪ ♪ we'll build freelance teams with more agility. ♪ ♪ the old way of working is deader than me. ♪ ♪ we'll scale up, and we'll scale down ♪ ♪ before you're six feet underground. ♪ ♪ yes, this is how, this is how we work now. ♪ >>> o.t., 4:00 eastern time. dan ives, he cut his price target on apple today. that's a rare move, as all of you know he'll be with me to explain why. mark newton has a new note he has a

bowl presented by stifel and taylor swift." [ laughter ] the players and coaches from fresno state areere with us tonight. there they are, the bulldogs. [ cheers and applause ] look at these guys. all so young, so full of energy. who is excited to be playing in the jimmy kimmel bowl? [ cheers ] and who thinks they're going to win this weekend? [ cheers ] and who is planning to ask guillermo to buy beer after the show tonight? [ cheers ] there you go, guillermo. remember, none of you are allowed to leave until you sell 10 tickets each, okay? [ laughter ] good luck, guys. i'll see you at the game. i thought of something you can get me for christmas, guillermo. remember last night we were talking? buy 5,000 tickets to the jimmy kimmel bowl. >> guillermo: all right, whatever you say. >> jimmy: very good. the election, 2024, is still almost two years ago. donald trump is already losing steam. according to a new poll from "usa today," republican voters prefer florida governor ron desantis over trump by a 2-1 margin. trump was said to be so upset about this poll, he had to be spanked with two

stifel said that customer sitting in the booth, gave his fellow diners their money back from the deadtson has a very latest on this, charles. >> hey good afternoon eric. there are a lot of questions about where the shooting of an armed robber by a customer side of the houston restaurant was a justified and here's the reason why per take a look at the security camera video. this all happened at it restaurant in south houston. see the armed man dressed in black pointing his gun at patrons as he demands they hand over their valuables. as the armed robber turns his back and walks toward the entrance a customer, the man in the booth to the far left pulls out a gun and fired a total of nine times, shooting and killing the suspect. most of the shots coming as a man was on the ground. [background noises] [background noises] >> moments later the customer who fired the shots takes the suspects a weapon and throws it at the wall after realizing the gun was a plastic. he then returned stolen money to other customers before he is later seen during a cup at the lifeless suspect as he leaves the res

stifel naming the top pick, saying shares should rebound as privacy concerns ease. dan?ey ease if you took the name off the guy likes to play this game, you say this is one of the best looking charts in the entire market. if you look at it on a two-year basis, looks like it's consolidating and looks like it's just going to explode i'd probably want to wait and see what the full year guidance is going to be in a couple of weeks. and on valuation and a whole host of metrics they can control like expenses, this could be a very unique story. we've talked about it a lot. i liked it after it imploded we bought it it had a big move. i'm out. i like it here-ish, but i'm waiting. >> the whole financial discipline as a game changer >> yeah, no, listen, that's what needed to happen and, you know, you think about where this stock bottomed in the covid -- the trough of covid and you think about how much it overshot to the downside so it stands to reason we probably should go take a look at where we bottomed out a couple of years ago. that would be 145. and i think that makes a lot of

five quarters of negative free cash flow, which is really bad >> made today a top pick for '2 by stifelrning to growth in q4, they say, might be realistic. >> well, i think so, but you need to -- obviously, the first thing companies cut back on when they think there's going to be a recession is advertising they shouldn't i mean, the really great companies put more money in so they end up taking share that's not happening i do think that the tone in the nasdaq today, when you look at alphabet and amazon, that's just reversing what happened yesterday. microsoft is a big -- has been the bellwether of the group. you know, carl, it's the rebellion against the trillionaires. i think a lot of companies got to levels where people were just saying, i'm uncomfortable with the market cap size. we've been emphasizing correctly on the network that $2 trillion apple finally moves in remember when they pass these levels and they passed these levels because of exuberance, and the exuberance is coming out of these stocks quickly, just like the air out of balloons i would caution people that the -- they'

weaponry but i know that we can protect taiwan >> speaking of semiconductor equipment, amat today, stifelboth on qualcomm and intel, citi with a catalyst watch. i don't know if you're feeling better about some of these samsung reportedly now, jim, may be finally cutting back some of their production >> look, i think that what people do with these stocks, and we're talking about applied materials, kla, and we're talking about lam, is they buy them in anticipation that finally the inventories will have gone down so low that these major companies will start buying that is simply not happening so, that's a hope early read, trying to gun jump ahead of a really bad quarter and i prefer to see the quarter before i make that move. i mean, you can't have micron saying, look, we just cut back big and we're going to keep cutti cutting back you can't buy until you see the whites of their eyes the biggest institutions can't wait micron has cut numbers three times. the stock is off i come back to, let's not be so optimistic that we buy, buy, buy. >> couple of names, guys, that i wanted to come back aft

lindsey piegza joins us, chief economist at stifel. are we near recession? the fourth quarter number does look good, especially against the backdrop of a stronger rise in the third quarter. and we look at what is happening with the consumer, which is the backbone of the u.s. economy, we are seeing a clear loss of momentum. doubt the consumer happy and healthy in the marketplace we cannot expect to maintain positive growth, let alone more robust growth similar to what we saw this morning. i do think as the fed continues to raise rates savings are depleted, real income remains negative, fiscal support fades there is going to be an additional burden on the consumer that leads us into, or near, negative growth. tom: under the religion of peter lynch of fidelity, domestic final sales reign supreme. michael mckee mentioned that trend, that tendency they're away from the back-and-forth of imports, exports, and the rest is a pretty lowly number. do you have a belief that a slowdown in domestic final sales brings on the reality of recession? lindsey: it certainly doe

joining us now is the head of morgan stanley and chief economist of stifel.a, you are perplexed like all of us. there is bad news in the markets already. since the markets discount better than the rest of us over what will happen in the future, the markets are discounting something. is it a soft landing is it no recession at all? is it set up for if there were a bad recession, that is not in the markets right snow? >> the market is not set up for severe recession the consensus is recession in 2023 likely something a bit milder. i'm not sure that is fully priced in yet. i also don't think the upside surprise of a soft landing is what is in the cards what we're likely to see is as we progress to the year and we continue to see weakening on economic growth, some further slump in the markets what we tend to see is markets bottom before the worst of the economic trough before earnings and labor market hits the most challenging period we expect markets move lower here depending on the economy laying out, it is not priced for the upside of a soft landing >> if there