not trex itself. so, you have to dig deeper i keep going through the trex and i stumble on something exciting our data indicate that the north american consumer remains active in undertaking outdoor living projects and that generally contractors have strong back logs entering thebusiest part of the season. wait a second, i think strong backlogs? contractors? that's a genesis and a good idea you would suggest they wouldn't have strong backlogs because of the 500 basis points that jay powell is giving us. rate tightening symbol they should be losing business, not gaining business but it's not enough to just have that idea. you want a relatively undiscovered or maybe an idea is great. then i check the wall street research to see if this contract about contractor backlog is well known. i see nothing of import. that is good now i'm beginning to think, maybe we should be buying or thinking about buying home depot and lowe's they report soon maybe there is something there up this trex call. maybe one of thos

that since inception with the trex company.2019, we launched a product that would allow us to go directly after wood. so you're right, the price of wood has decreased significantly over the past year and a half, but with our enhanced product line, it's priced about two times the price of wood, market research has clearly showed us that's where the customer starts to make that decision to move over to composite decking. there's about 75% of the market available for us to go after as we continue to grow as a company. >> what i see in the neighborhood that i live is a lot of people building elaborate outdoor living spaces. they're not just decks anymore they are decks with kitchens, with enclosures for the television, with basically, lovely cushy furniture the size and footprint of what's being built today feels to be markedly different from 15 years ago, am i right about that or not? >> absolutely. people have a desire to bring the indoors out and they are bringing all of those amenities along with it where you truthfully have th

trex received a slew of price target hikes following the report.shing to its year-to-date gains of 45%. well, you may want to clear the decks as we head toward the end of the trading day, president biden about to meet with the country's top four lawmakers after the markets close to hash out a debt ceiling deal. will be they able to prevent the first-ever u.s. default? we get the latest on this very very tight business here, live from the white house. plus, we've got the former gop congressman who while ranked among the most buy members of the house did vote for raising the debt ceiling in 2021. how serious are the administrations warnings of catastrophe? we'll ask. but before we get to the nations debt, how about start-up debt? my guest this week on my grand new everyone talks to liz podcast episode did everything he could not to go into debt before starting his home clean ing company, including working nights as a cook and planting real estate signs on weekend for a nickel a piece. it took him years to reach his goal of $150,000 but once he got it

very clearly and professionally, and explained the day before, denis wi-trex, the vertical commander,t maybe we bought the weapons in baentorke if it turns out that they have weapons , for example, of american production, there are very clear mechanisms for controlling the weapons that were transferred to ukraine, they were transferred exclusively for use by the armed forces of ukraine, that is, regular formations of the ukrainian army inspections are also carried out by representatives of those countries that provided weapons, not a single weapon that was provided by the american partners, it was not transferred to the russian volunteer corps, the equipment that they used, which you used the russian volunteer corps, it was captured from the russians, who at one time, as a result of hostilities, got it somewhere under bakhmut or in other areas, you understand, that is, well, that’s how the russians and the russian volunteer corps captured this equipment, again in they were repelled by the minister of defense of russia, who stated that 70 liquidated saboteurs were found to be true acco

he co founded the text of a sterile plum. us is a bit of phenomena statements. us there a trex, lots of leaks from space. they make satellite images with the help of microwaves. the microwaves are reflected differently depending on which medium they hit. full space, we can get with him to see feet underneath the outside input the soil input, the pipes am. so i'll go through is actually gain linking what we can say form space is the water on the spot for like for example, based on the death of from rain or something else, they're looking for the composition of the water. if it's drinking water, they assume it's a leak and we'll see that right, the result. so take this, every thought on this met, for example, is a leak. and here to leak of over a 120 meters per minute detected and proud. so it's only point in bangkok or in chinese cities, estero sales, those maps to utilities globally. so they know where to fix makes and save money. locating leaks is only the 1st step in a long process. fixing one the, my trip new ones, because it can affect the pressure within the pipe, improving and

now what does that mean really is like it's such a trex request here at the tone, please leave us. foundation of what you do. yeah, i guess, you know, for us it is the digital and the physical start intersecting in very many interesting ways. there is issues of privacy, those issues of data security, those issues of off the kind of horrible evil potential for proficient intelligence and machine learning, for example. so if we look at the surveillance, such as produced by the n a. so now it was a big story, and a so is, and these riley, cyber weapon effective a company that the, the flagship software packets. those have been used to survey on very many civil society advocates and journalist, etc. so we want to see what's the relation between surveillance and what happened to these people, the 10 being so fade in a real world. so we work with is come in early stages, a wonderful investigative journalist in, in mexico. and we seeing the pattern of times that she's was targeted by pegasus and we seeing, oh, her office was broken into people next to her being threatened. so it's really the relatio

. >> i wants to leave people with something positive called trex, something you make your deck with homeg is azek buy azek if you want to know what to make. >> boeing a 737 maorr omx defr ryanair. the ceo's of both companies. keep it here harnessing data-driven insights and boundless curiosity. we dissect the market from every angle. helping to build portfolios that redefine what's possible. because investing isn't one size fits all. allspring. purposefully divergent. . >>> good tuesday morning welcome to another hour of "squawk on the street. i'm sara eisen with david faber live for you as always at post nine of the new york stock exchange carl has the morning off we have a big interview with the ceos of boeing and ryanair on the news only two sectors positive right now, health care and communication services everybody else is weaker financials at the bottom of the market with materials, which are down about 1%. the dow remains higher but barely with the nasdaq down 0.4% as far as the dow's outside strength, unc, boeing, mcdonald's and salesforce. three big movers we're watching for you

went down to with basically crows and our stomachs to the things of the american army and kissed the trex as it's so you know, the, that the no one can know the badge. and one cannot imagine that the american soldiers looked at the us and they sold. so who are those people? there's from a different planet. and we want you to go there. we're closer to the. okay. yeah. 5. george like man is 97 years old. he was one of the us soldiers to the right to the area around lands back in 1945 at the age of 18, the volunteer to fight and the war against nazi germany. i remember entering towns that had been completely destroyed and there were many, many bodies, obviously in the ruins. it has a very certain smell, you know, it's hard to describe, you know, it's, it's, uh and it's, it's, it's apparently the kind of smell that comes from just 5th when the war in europe finally ended on may the 8th. 1945. the full hara of german is extermination program was revealed. the counselor in compound zion's bank was no exception offering. it was doubly bad because is the, the attempt to, to burn the bodies. the e

to "the exchange," everybody nasdaq, down half a perpercent let's keep an eye on some of the movers trex 40% this is for the desk ck maker come poise it decking continues to take share, despite a decrease in lumber prices. elsewhere, sky works shares falling. the sky is falling after the shipmaker gave weaker than expected guidance. the worst performer today, where every single name is in the red. down about 2% overall. but you've got monolithic, analog devices, even global foundries, down 7% today after getting hit on revenue forecasts below estimates. and the ceo of global foundry also be on "closing bell" today at 4:00 p.m. eastern let's get to steve for a cnbc news update. >>> a draft guidance issued by national says women should get screened for breast cancer every other year starting at age 40, ten years earlier than current guidelines which suggests screenings to begin at age 50. the task force says the recommendation is based off of new evidence showing that more women get diagnosed with breast cancer in their 40s. >>> jury deliberations in e. jean carroll's lawsuit against presi

next on "power lunch," the pandemic home improvement boom is winding down but the ceo of trex is stayingn him on the other side of this break you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. do you ever worry we'll live forever? no, it's literally never crossed my mind. what if we live to like 100? that's 35 years of being retired. i don't want to outlive our money. and i have been eating all these stupid chia seeds! i could totally live to be 100! why do i keep taking such good care of my- since we started working with empower, we're able to get all our financial questions answered, so we don't have to worry. so you never- no. never. join 17

we talked to the ceo of trex yesterday. it's up 35% year to date floor decor's up 35% some of this is a 2022 effect. but there are till pockets here where the stocks are holding up okay maybe people are taking the long view i don't know >> well, i think it's that i also think that people don't want to miss the fed is done hiking interest rate rally of anything interest rate sensitive. now, i think the home builders are rallying because the reduced pace of existing home sales is shifting things to new construction and new home sales that have now a third of the overall market but i think that it's -- that algo that says fed's done raising interest rates, let's buy home building and anything related to interest rates. >> courtney, let me come back to something that our friend tillman fertitta said when he was with us last thursday. i'm sure you're watching cnbc 100% of the time at home, so you definitely saw it. >> never miss a minute >> but he said hey, listen, when you look back at the earnings from the first quarter, they